# EDGAR Filing Document

**Accession Number:** 0001768447
**File Stem:** 0001752724-23-019949
**Filing Date:** 2023-2
**Character Count:** 116340
**Document Hash:** 48ead2190061238cb923f8a527a91ca4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-019949.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001752724-23-019949

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Homestead Funds Trust
- **CENTRAL INDEX KEY:** 0001768447
- **IRS NUMBER:** 833576764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23429
- **FILM NUMBER:** 23589744

**BUSINESS ADDRESS:**
- **STREET 1:** 4301 WILSON BOULEVARD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203
- **BUSINESS PHONE:** 703-907-6366

**MAIL ADDRESS:**
- **STREET 1:** 4301 WILSON BOULEVARD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203

## Series and Classes Contracts Data

### Intermediate Bond Fund (Series ID: S000065469)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000211759 | Intermediate Bond Fund | HOIBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Homestead Funds Trust

- **b. Investment Company Act file number:** 811-23429

- **c. CIK number of Registrant:** 0001768447

- **d. LEI of Registrant:** 549300LL0E7B0AZI7X47

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

  - **Street Address 1:** 4301 WILSON BLVD

  - **City:** ARLINGTON

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 22203

  - **Telephone number:** 800-258-3030

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

- **a. Name of Series:** Intermediate Bond Fund

- **b. EDGAR series identifier (if any):** S000065469

- **c. LEI of Series:** 5493000YFWMKNDYQH719

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

- **a. Date of fiscal year-end:** 2022-12-31

- **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:** $130860468.45

**Total Liabilities:** $441366.16

**Net Assets:** $130419102.29

**Cash Not Reported:** $0.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -133.78000000 | **1-Year:** -2851.52000000 | **5-Year:** -8816.32000000 | **10-Year:** -8714.65000000 | **30-Year:** -4104.16000000

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

- **3-Month:** -53.14000000 | **1-Year:** -670.31000000 | **5-Year:** -693.74000000 | **10-Year:** -1006.68000000 | **30-Year:** -441.31000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211759 | -1.36%               | 3.44%                | -0.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3896744.90             | $1848933.03                                |
| Month 2  | $-1469163.99             | $5620509.35                                |
| Month 3  | $791981.24               | $-1997212.91                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIDUS INVESTMENT CORP                                                        | Fidus Investment Corp                                                           | CUSIP: 316500AC1<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |    166000 | PA      | $135994.25    | 0.10%             | 2026-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Yuma AZ                                                              | YUMA AZ PLEDGED REVENUE                                                         | CUSIP: 98851WAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $93078.71     | 0.07%             | 2038-07-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                                                         | Smithfield Foods Inc                                                            | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    340000 | PA      | $243170.35    | 0.19%             | 2031-09-13      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                         | Glencore Funding LLC                                                            | CUSIP: 378272BH0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    170000 | PA      | $110268.02    | 0.08%             | 2051-09-23      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                      | GA Global Funding Trust                                                         | CUSIP: 36143L2J3<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    460000 | PA      | $440255.67    | 0.34%             | 2025-04-11      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QAL8<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    515000 | PA      | $512996.32    | 0.39%             | 2025-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                           | Energy Transfer LP                                                              | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    318000 | PA      | $280376.10    | 0.21%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    240000 | PA      | $222240.24    | 0.17%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                       | Santander Holdings USA Inc                                                      | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    298000 | PA      | $255678.81    | 0.20%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                   | Flagship Credit Auto Trust 2021-3                                               | CUSIP: 33846QAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197937 | PA      | $191677.83    | 0.15%             | 2027-07-15      | Fixed         | 0.36%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154870.76    | 0.12%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                                                 | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |    210000 | PA      | $209486.91    | 0.16%             | 2028-01-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| CPS Auto Trust                                                               | CPS Auto Receivables Trust 2021-B                                               | CUSIP: 12656QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112304 | PA      | $111538.94    | 0.09%             | 2025-12-15      | Fixed         | 0.81%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    263000 | PA      | $213764.19    | 0.16%             | 2031-02-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 3140QBPA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    512580 | PA      | $454499.33    | 0.35%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    180000 | PA      | $130853.96    | 0.10%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| US AIRWAYS 2013-1A PTT                                                       | US Airways 2013-1 Class A Pass Through Trust                                    | CUSIP: 90346WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290709 | PA      | $264053.34    | 0.20%             | 2025-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                                   | VMware Inc                                                                      | CUSIP: 928563AF2<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186043.01    | 0.14%             | 2030-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    365000 | PA      | $283206.67    | 0.22%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae I Pool                                                               | CUSIP: 3617XUP66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1334455 | PA      | $1269504.94   | 0.97%             | 2052-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                                         | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                          | CUSIP: 46590XAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    335000 | PA      | $277260.94    | 0.21%             | 2029-02-02      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3132DNUU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    934362 | PA      | $932614.25    | 0.72%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation                                                         | Oasis Securitization Funding LLC                                                | CUSIP: 67422AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76671 | PA      | $75550.15     | 0.06%             | 2033-02-15      | Fixed         | 2.58%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                          | Petroleos Mexicanos                                                             | CUSIP: 71654QBS0<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    178750 | PA      | $178192.93    | 0.14%             | 2025-04-15      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| CAMPBELL SOUP CO                                                             | Campbell Soup Co                                                                | CUSIP: 134429BJ7<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    250000 | PA      | $208042.66    | 0.16%             | 2030-04-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                                             | Lenovo Group Ltd                                                                | CUSIP: 526250AB1<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |    805000 | PA      | $638366.71    | 0.49%             | 2030-11-02      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                     | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP MED FACS REVENUE                      | CUSIP: 414008CU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $222128.39    | 0.17%             | 2037-11-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3132DVMC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    924749 | PA      | $822090.75    | 0.63%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    153000 | PA      | $142513.62    | 0.11%             | 2028-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                 | Barclays PLC                                                                    | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $383244.21    | 0.29%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                                                   | CUSIP: 842400HB2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    370000 | PA      | $351412.47    | 0.27%             | 2024-04-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Mylan Inc                                                                    | Mylan Inc                                                                       | CUSIP: 628530BJ5<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |     50000 | PA      | $37234.01     | 0.03%             | 2048-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI Properties LP                                                              | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    180000 | PA      | $170760.18    | 0.13%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAN3<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    285000 | PA      | $218048.43    | 0.17%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                                        | Westlake Automobile Receivables Trust 2020-3                                    | CUSIP: 96042QAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124539 | PA      | $123891.87    | 0.09%             | 2025-11-17      | Fixed         | 0.78%                 | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                                   | LAD Auto Receivables Trust 2021-1                                               | CUSIP: 501683AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197185 | PA      | $191625.39    | 0.15%             | 2026-08-17      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| BNSF RAILWAY CO 2015-1 P                                                     | BNSF Railway Co 2015-1 Pass Through Trust                                       | CUSIP: 05581JAA2<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |    358950 | PA      | $336526.93    | 0.26%             | 2028-06-16      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                                                          | Block Financial LLC                                                             | CUSIP: 093662AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $123250.96    | 0.09%             | 2028-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                                          | Oportun Issuance Trust 2021-B                                                   | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $873425.80    | 0.67%             | 2031-05-08      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                       | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAE3<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    255000 | PA      | $257983.62    | 0.20%             | 2027-11-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                          | Ashtead Capital Inc                                                             | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    308000 | PA      | $276070.74    | 0.21%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418ECR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    734031 | PA      | $644549.55    | 0.49%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4696000 | PA      | $4792121.25   | 3.67%             | 2032-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                                                     | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    253125 | PA      | $250140.80    | 0.19%             | 2025-03-20      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| FRTKL                                                                        | FRTKL 2021-SFR1                                                                 | CUSIP: 30322DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $213600.05    | 0.16%             | 2038-09-17      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 91282CFN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4713000 | PA      | $4688882.68   | 3.60%             | 2024-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                      | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAD7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    435000 | PA      | $338022.16    | 0.26%             | 2028-09-15      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                                           | Kohl's Corp                                                                     | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    530000 | PA      | $333900.00    | 0.26%             | 2045-07-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    340000 | PA      | $315620.73    | 0.24%             | 2026-04-22      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation                                                         | Libra Solutions 2022-2 LLC                                                      | CUSIP: 53161MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    583795 | PA      | $580693.91    | 0.45%             | 2034-10-15      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    440000 | PA      | $313847.83    | 0.24%             | 2041-04-30      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                                     | CUSIP: 694308JB4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    644000 | PA      | $640716.97    | 0.49%             | 2023-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                                          | Oportun Funding XIV LLC                                                         | CUSIP: 68377BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $279353.46    | 0.21%             | 2028-03-08      | Fixed         | 1.21%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                              | Nissan Motor Co Ltd                                                             | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $169734.35    | 0.13%             | 2030-09-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                         | FirstKey Homes 2022-SFR2 Trust                                                  | CUSIP: 33767PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    323172 | PA      | $305144.83    | 0.23%             | 2039-07-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252626.78    | 0.19%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                                   | VMware Inc                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    155000 | PA      | $117623.90    | 0.09%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Corestates Capital II                                                        | Corestates Capital II                                                           | CUSIP: 218694AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $677818.73    | 0.52%             | 2027-01-15      | Floating      | 4.73%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                                                   | CUSIP: 842400FQ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $170781.50    | 0.13%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    190000 | PA      | $156515.30    | 0.12%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3133BBTU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1379945 | PA      | $1255079.71   | 0.96%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| APTIV PLC                                                                    | Aptiv PLC                                                                       | CUSIP: 03835VAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    280000 | PA      | $165476.31    | 0.13%             | 2051-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                                             | HF Sinclair Corp                                                                | CUSIP: 403949AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $58751.46     | 0.05%             | 2023-10-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                      | GA Global Funding Trust                                                         | CUSIP: 36143L2C8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    240000 | PA      | $219301.03    | 0.17%             | 2024-09-13      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    525000 | PA      | $512746.87    | 0.39%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| City of Huntington Beach CA                                                  | HUNTINGTON BEACH CA PENSN OBLIG                                                 | CUSIP: 446201AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $134053.77    | 0.10%             | 2027-06-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS PWR & LIGHT                                                     | Indianapolis Power & Light Co                                                   | CUSIP: 455434BV1<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266651.91    | 0.20%             | 2032-12-01      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    445000 | PA      | $422479.41    | 0.32%             | 2033-07-22      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                      | MPLX LP                                                                         | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71309.61     | 0.05%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                       | BP Capital Markets America Inc                                                  | CUSIP: 10373QBN9<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    210000 | PA      | $134067.61    | 0.10%             | 2050-11-10      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    445000 | PA      | $392752.00    | 0.30%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DNJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140537 | PA      | $128803.87    | 0.10%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                                 | QUALCOMM Inc                                                                    | CUSIP: 747525BT9<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    170000 | PA      | $180552.05    | 0.14%             | 2053-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                                     | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117831.82    | 0.09%             | 2030-07-01      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                                                     | Owl Rock Technology Finance Corp                                                | CUSIP: 691205AG3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    366000 | PA      | $298359.27    | 0.23%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                                         | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                          | CUSIP: 46590XAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    530000 | PA      | $374669.89    | 0.29%             | 2052-02-02      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| West Virginia University                                                     | WEST VIRGINIA ST UNIV REVENUES                                                  | CUSIP: 956704E48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $110973.98    | 0.09%             | 2041-10-01      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                     | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $401366.85    | 0.31%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2021-SFR8 Trust                                            | CUSIP: 74333TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    338192 | PA      | $288124.39    | 0.22%             | 2038-10-17      | Fixed         | 1.51%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                            | Credit Acceptance Auto Loan Trust 2020-2                                        | CUSIP: 22535MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116290 | PA      | $115129.08    | 0.09%             | 2029-07-16      | Fixed         | 1.37%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    185000 | PA      | $176143.46    | 0.14%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | Oracle Corp                                                                     | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287820.74    | 0.22%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06051GJK6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177806.00    | 0.14%             | 2026-10-24      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                                             | Lenovo Group Ltd                                                                | CUSIP: 526250AD7<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |    370000 | PA      | $357181.18    | 0.27%             | 2028-01-27      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                                              | CUSIP: 3622ABZL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    677007 | PA      | $640331.64    | 0.49%             | 2052-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DUD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3878556 | PA      | $3459486.71   | 2.65%             | 2035-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                                     | SCE Recovery Funding LLC                                                        | CUSIP: 78433LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $119226.86    | 0.09%             | 2043-11-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                                          | DT Auto Owner Trust 2020-3                                                      | CUSIP: 26253AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42195 | PA      | $42070.34     | 0.03%             | 2024-12-16      | Fixed         | 0.91%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                                          | Northern Trust Corp                                                             | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    265000 | PA      | $279427.18    | 0.21%             | 2032-11-02      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DWQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2707254 | PA      | $2090779.44   | 1.60%             | 2051-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                                      | Midwest Connector Capital Co LLC                                                | CUSIP: 59833CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $82300.22     | 0.06%             | 2024-04-01      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| City of Chula Vista CA                                                       | CHULA VISTA CA PENSN OBLG                                                       | CUSIP: 17131RAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $128805.31    | 0.10%             | 2029-06-01      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4374000 | PA      | $3909262.50   | 3.00%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                             | Antares Holdings LP                                                             | CUSIP: 03666HAC5<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    375000 | PA      | $324317.14    | 0.25%             | 2026-07-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Avant Loans Funding Trust                                                    | Avant Loans Funding Trust 2022-REV1                                             | CUSIP: 05356GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    595000 | PA      | $580926.94    | 0.45%             | 2031-09-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Prudential Financial Inc                                                     | Prudential Financial Inc                                                        | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71625.00     | 0.05%             | 2048-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                                                 | Upstart Securitization Trust 2021-3                                             | CUSIP: 91679LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     66354 | PA      | $64982.39     | 0.05%             | 2031-07-20      | Fixed         | 0.83%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1370499 | PA      | $1285580.21   | 0.99%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                        | Athene Global Funding                                                           | CUSIP: 04685A2K6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    120000 | PA      | $108264.45    | 0.08%             | 2026-11-12      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                        | CUSIP: 79766DTW9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $67794.52     | 0.05%             | 2051-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Marathon Oil Corp                                                            | Marathon Oil Corp                                                               | CUSIP: 565849AP1<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |    360000 | PA      | $343789.99    | 0.26%             | 2027-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAS2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    190000 | PA      | $138702.61    | 0.11%             | 2062-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                              | SBA Tower Trust                                                                 | CUSIP: 78403DAN0<br>LEI: N/A                  | Long             | ABS-O            |  | US        |    230000 | PA      | $216778.91    | 0.17%             | 2025-01-15      | Fixed         | 2.84%                 | Yes           |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                                          | Silgan Holdings Inc                                                             | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $110281.52    | 0.08%             | 2026-04-01      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                             | T-Mobile USA Inc                                                                | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $141124.80    | 0.11%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2022-SFR3 Trust                                            | CUSIP: 74331UAC2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $147314.67    | 0.11%             | 2039-04-17      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DSN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1194889 | PA      | $1096397.29   | 0.84%             | 2035-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6707000 | PA      | $6701760.16   | 5.14%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Monterey Park CA                                                     | MONTEREY PK CA PENSN OBLIG                                                      | CUSIP: 61255QAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $800377.90    | 0.61%             | 2030-06-01      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                | Corevest American Finance 2020-4 Trust                                          | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127162 | PA      | $112247.85    | 0.09%             | 2052-12-15      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                                                  | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    510000 | PA      | $383295.77    | 0.29%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $165613.25    | 0.13%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation                                                         | Libra Solutions 2022-1 LLC                                                      | CUSIP: 53161NAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    167833 | PA      | $164645.73    | 0.13%             | 2034-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                                                 | CUSIP: 78403DAX8<br>LEI: N/A                  | Long             | DBT              |  | US        |    430000 | PA      | $330060.69    | 0.25%             | 2031-10-15      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| CoreVest American Finance Trust                                              | CoreVest American Finance 2021-3 Trust                                          | CUSIP: 21873NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660000 | PA      | $566069.59    | 0.43%             | 2054-10-15      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1804000 | PA      | $1581600.63   | 1.21%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                    | Boeing Co/The                                                                   | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    350000 | PA      | $317996.92    | 0.24%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3133A2JY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    222363 | PA      | $197374.40    | 0.15%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3132DWC68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6277955 | PA      | $5115391.43   | 3.92%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                                                   | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    164000 | PA      | $128161.95    | 0.10%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    360000 | PA      | $355077.44    | 0.27%             | 2027-07-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    190000 | PA      | $164373.19    | 0.13%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                         | Petronas Capital Ltd                                                            | CUSIP: 71675CAE8<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    360000 | PA      | $247765.82    | 0.19%             | 2061-04-28      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                      | MPLX LP                                                                         | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    245000 | PA      | $198547.36    | 0.15%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                        | SAN ANTONIO TX ELEC & GAS REVENUE                                               | CUSIP: 79625GDG5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    150000 | PA      | $105575.07    | 0.08%             | 2048-02-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                                   | VMware Inc                                                                      | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    155000 | PA      | $135123.82    | 0.10%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                                                   | CUSIP: 842400GU1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     55000 | PA      | $45295.56     | 0.03%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                     | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAB7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $494379.63    | 0.38%             | 2023-10-01      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                           | Energy Transfer LP                                                              | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    420000 | PA      | $378608.09    | 0.29%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | Oracle Corp                                                                     | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    190000 | PA      | $203266.67    | 0.16%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                                      | Midwest Connector Capital Co LLC                                                | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $185196.05    | 0.14%             | 2029-04-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DQA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    637280 | PA      | $562790.86    | 0.43%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                                                  | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159718.62    | 0.12%             | 2033-07-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                     | Federal Farm Credit Banks Funding Corp                                          | CUSIP: 3133EMDZ2<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    300000 | PA      | $268644.29    | 0.21%             | 2025-10-21      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                 | 7-Eleven Inc                                                                    | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |     60000 | PA      | $49728.62     | 0.04%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                                               | Avant Credit Card Master Trust                                                  | CUSIP: 05351KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $457437.20    | 0.35%             | 2027-04-15      | Fixed         | 1.37%                 | Yes           |                  2 | On Loan: No      |
| Oasis Securitisation                                                         | Oasis Securitization Funding LLC                                                | CUSIP: 67422CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296922 | PA      | $289557.88    | 0.22%             | 2033-10-15      | Fixed         | 2.14%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                                                 | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | ABS-O            |  | US        |    330000 | PA      | $290227.84    | 0.22%             | 2026-01-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                                                | CUSIP: 95000U2N2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    210000 | PA      | $195438.15    | 0.15%             | 2026-04-30      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                     | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    170000 | PA      | $131454.90    | 0.10%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DC59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146039 | PA      | $129171.94    | 0.10%             | 2049-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                       | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAC7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226386.26    | 0.17%             | 2025-11-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                          | Ashtead Capital Inc                                                             | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    240000 | PA      | $204813.82    | 0.16%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                | CoreVest American Finance 2021-2 Trust                                          | CUSIP: 21873BAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175753 | PA      | $149595.81    | 0.11%             | 2054-07-15      | Fixed         | 1.41%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                      | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    260000 | PA      | $217057.94    | 0.17%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                                            | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    740000 | PA      | $731353.00    | 0.56%             | 2026-07-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4930000 | PA      | $4896876.56   | 3.75%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OSCAR US Funding Trust                                                       | Oscar US Funding XII LLC                                                        | CUSIP: 68785AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JP        |     12549 | PA      | $12520.82     | 0.01%             | 2024-03-11      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                          | Freddie Mac STACR REMIC Trust 2021-HQA3                                         | CUSIP: 35564KKK4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $854117.70    | 0.65%             | 2041-09-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                              | Nissan Motor Co Ltd                                                             | CUSIP: 654744AB7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    230000 | PA      | $213646.80    | 0.16%             | 2025-09-17      | Fixed         | 3.52%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                                      | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    255000 | PA      | $241201.99    | 0.18%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| THIRAX 1 LLC                                                                 | Thirax 1 LLC                                                                    | CUSIP: 88410XAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    431451 | PA      | $354853.09    | 0.27%             | 2033-01-14      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| AMEREN ILLINOIS CO                                                           | Ameren Illinois Co                                                              | CUSIP: 02361DAZ3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |    175000 | PA      | $190025.44    | 0.15%             | 2052-12-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SYNGENTA FINANCE NV                                                          | Syngenta Finance NV                                                             | CUSIP: 87164KAH7<br>LEI: 54930042S3BYCEGOCN86 | Long             | DBT              | CORP              | NL        |    230000 | PA      | $228969.42    | 0.18%             | 2023-04-24      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| State Street Global Advisors                                                 | State Street Institutional US Government Money Market Fund                      | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   4226719 | NS      | $4226719.49   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC                                                          | Delta Air Lines Inc                                                             | CUSIP: 247361ZX9<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255485.18    | 0.20%             | 2025-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DHL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    304100 | PA      | $268774.55    | 0.21%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FARM 2021-1 Mortgage Trust                                                   | FARM 21-1 Mortgage Trust                                                        | CUSIP: 30768WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    227752 | PA      | $184949.17    | 0.14%             | 2051-01-25      | Variable      | 2.18%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                            | Credit Acceptance Auto Loan Trust 2021-2                                        | CUSIP: 22537CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $307742.46    | 0.24%             | 2030-02-15      | Fixed         | 0.96%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINAN NA                                                      | Daimler Trucks Finance North America LLC                                        | CUSIP: 233853AL4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    340000 | PA      | $326153.47    | 0.25%             | 2025-04-07      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                                                 | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | ABS-O            |  | US        |    580000 | PA      | $492581.36    | 0.38%             | 2026-11-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                                     | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    225000 | PA      | $194513.22    | 0.15%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                                                  | Phillips 66                                                                     | CUSIP: 718546AW4<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    260000 | PA      | $208175.71    | 0.16%             | 2030-12-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                                                     | Owl Rock Technology Finance Corp                                                | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    150000 | PA      | $131182.76    | 0.10%             | 2026-06-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Chula Vista CA                                                       | CHULA VISTA CA PENSN OBLG                                                       | CUSIP: 17131RAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $109724.97    | 0.08%             | 2027-06-01      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3132DNJ95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    709531 | PA      | $644813.82    | 0.49%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                           | REGL TRANSPRTN DIST CO SALES TAX REVENUE                                        | CUSIP: 759136VF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $123562.94    | 0.09%             | 2028-11-01      | Fixed         | 1.33%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                           | PINAL CNTY AZ REVENUE OBLGS                                                     | CUSIP: 72205RFH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $98254.10     | 0.08%             | 2026-08-01      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| SYNGENTA FINANCE NV                                                          | Syngenta Finance NV                                                             | CUSIP: 87164KAG9<br>LEI: 54930042S3BYCEGOCN86 | Long             | DBT              | CORP              | NL        |    530000 | PA      | $513323.35    | 0.39%             | 2025-04-24      | Fixed         | 4.89%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6122000 | PA      | $5043954.06   | 3.87%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XBT2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142528.28    | 0.11%             | 2027-01-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                          | PenFed Auto Receivables Owner Trust 2022-A                                      | CUSIP: 706874AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $325043.57    | 0.25%             | 2026-04-15      | Fixed         | 3.96%                 | Yes           |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                       | CUSIP: 544445TX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $164941.02    | 0.13%             | 2028-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                            | Credit Acceptance Auto Loan Trust 2020-3                                        | CUSIP: 22536BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285250 | PA      | $279360.57    | 0.21%             | 2029-10-15      | Fixed         | 1.24%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                                     | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    770000 | PA      | $535531.62    | 0.41%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                          | Ashtead Capital Inc                                                             | CUSIP: 045054AP8<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $154388.47    | 0.12%             | 2031-08-12      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                | N TX TOLLWAY AUTH REVENUE                                                       | CUSIP: 66285WE51<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    150000 | PA      | $112219.46    | 0.09%             | 2043-01-01      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $130480.28    | 0.10%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| First Investors Auto Owner Trust                                             | First Investors Auto Owner Trust 2021-2                                         | CUSIP: 32057JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    237537 | PA      | $229697.81    | 0.18%             | 2027-03-15      | Fixed         | 0.48%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZN7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    255000 | PA      | $187367.81    | 0.14%             | 2043-02-24      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER/TAL INT                                                     | Triton Container International Ltd / TAL International Container Corp           | CUSIP: 89681LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    175000 | PA      | $135108.75    | 0.10%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                         | CUSIP: 6461366R7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    575000 | PA      | $475554.04    | 0.36%             | 2039-06-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                                                     | Pioneer Natural Resources Co                                                    | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    255000 | PA      | $199695.75    | 0.15%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                | Corevest American Finance 2021-1 Trust                                          | CUSIP: 21873LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    826557 | PA      | $718137.72    | 0.55%             | 2053-04-15      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                     | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |     39000 | PA      | $35252.92     | 0.03%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                     | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    171000 | PA      | $148769.72    | 0.11%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NOV INC                                                                      | NOV Inc                                                                         | CUSIP: 637071AM3<br>LEI: 549300EHF3IW1AR6U008 | Long             | DBT              | CORP              | US        |    112000 | PA      | $98440.77     | 0.08%             | 2029-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                 | 7-Eleven Inc                                                                    | CUSIP: 817826AG5<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    135000 | PA      | $82655.06     | 0.06%             | 2051-02-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Chula Vista CA                                                       | CHULA VISTA CA PENSN OBLG                                                       | CUSIP: 17131RBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $163149.05    | 0.13%             | 2045-06-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                         | Glencore Funding LLC                                                            | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    260000 | PA      | $207118.00    | 0.16%             | 2031-09-23      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| Upstart Securitization Trust                                                 | Upstart Securitization Trust 2021-4                                             | CUSIP: 91682NAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152505 | PA      | $147627.80    | 0.11%             | 2031-09-20      | Fixed         | 0.84%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                                                  | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $173557.60    | 0.13%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust                                 | American Credit Acceptance Receivables Trust 2022-1                             | CUSIP: 02530WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $365426.81    | 0.28%             | 2026-09-14      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                                        | CUSIP: 38382MYF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    526943 | PA      | $411651.00    | 0.32%             | 2050-01-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    175000 | PA      | $166415.89    | 0.13%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DMJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140253 | PA      | $123821.77    | 0.09%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                        | Entergy Louisiana LLC                                                           | CUSIP: 29364WAU2<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    325000 | PA      | $312132.61    | 0.24%             | 2025-04-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts                                                             | Westgate Resorts 2022-1 LLC                                                     | CUSIP: 96034JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300183 | PA      | $282332.96    | 0.22%             | 2036-08-20      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                                   | GLS Auto Receivables Issuer Trust 2021-3                                        | CUSIP: 36263LAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65313 | PA      | $64974.71     | 0.05%             | 2025-01-15      | Fixed         | 0.42%                 | Yes           |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                                     | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    550000 | PA      | $516985.25    | 0.40%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                       | Philip Morris International Inc                                                 | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316022.12    | 0.24%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                           | Athene Holding Ltd                                                              | CUSIP: 04686JAD3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | BM        |    300000 | PA      | $202426.78    | 0.16%             | 2051-05-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                                                | CUSIP: 3132DV6D2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    212951 | PA      | $188155.51    | 0.14%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418D4C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2594322 | PA      | $2313882.41   | 1.77%             | 2036-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                                                    | Avant Loans Funding Trust 2021-REV1                                             | CUSIP: 05353LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $476220.30    | 0.37%             | 2030-07-15      | Fixed         | 1.21%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    870000 | PA      | $703647.42    | 0.54%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                                                   | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    214000 | PA      | $156289.42    | 0.12%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                                                   | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    445000 | PA      | $459080.67    | 0.35%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                                   | GLS Auto Receivables Issuer Trust 2021-4                                        | CUSIP: 36263DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242945 | PA      | $239637.89    | 0.18%             | 2025-07-15      | Fixed         | 0.84%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME COR                                                     | OWL Rock Core Income Corp                                                       | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1311000 | PA      | $1115612.45   | 0.86%             | 2026-09-23      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                 | 7-Eleven Inc                                                                    | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |     60000 | PA      | $45821.57     | 0.04%             | 2031-02-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts LP                                                     | Host Hotels & Resorts LP                                                        | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |    150000 | PA      | $143729.91    | 0.11%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                                                     | United States International Development Finance Corp                            | CUSIP: 90376PAX9<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |    120629 | PA      | $105231.14    | 0.08%             | 2029-10-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| FCI Funding, LLC                                                             | FCI Funding 2021-1 LLC                                                          | CUSIP: 30260GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98591 | PA      | $96286.65     | 0.07%             | 2033-04-15      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| Gracie Point International Funding                                           | GRACIE POINT INTERNATIONAL FUNDING 2021-1                                       | CUSIP: 38411EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    319877 | PA      | $319154.51    | 0.24%             | 2023-11-01      | Floating      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                          | Quanta Services Inc                                                             | CUSIP: 74762EAH5<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    260000 | PA      | $197425.75    | 0.15%             | 2032-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7502000 | PA      | $7460973.44   | 5.72%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                     | Main Street Capital Corp                                                        | CUSIP: 56035LAE4<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |    743000 | PA      | $640320.67    | 0.49%             | 2026-07-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Chula Vista CA                                                       | CHULA VISTA CA PENSN OBLG                                                       | CUSIP: 17131RAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $107001.90    | 0.08%             | 2028-06-01      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    935000 | PA      | $940624.60    | 0.72%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                                         | National Fuel Gas Co                                                            | CUSIP: 636180BQ3<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79588.12     | 0.06%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 3140JQQQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88571 | PA      | $81451.50     | 0.06%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 3140X4DE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    923884 | PA      | $824116.70    | 0.63%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                         | Targa Resources Corp                                                            | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    260000 | PA      | $254834.29    | 0.20%             | 2027-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                            | Credit Acceptance Auto Loan Trust 2020-1                                        | CUSIP: 22534GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    159857 | PA      | $159226.60    | 0.12%             | 2029-04-16      | Fixed         | 2.39%                 | Yes           |                  2 | On Loan: No      |
| HCA INC                                                                      | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    228000 | PA      | $146277.38    | 0.11%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                               | Var Energi ASA                                                                  | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $203720.36    | 0.16%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Credito Real USA Auto Receivables Trust                                      | Credito Real USA Auto Receivables Trust 2021-1                                  | CUSIP: 22551EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    263021 | PA      | $257074.20    | 0.20%             | 2027-02-16      | Fixed         | 1.35%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 3140X7VZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    239270 | PA      | $204196.49    | 0.16%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2022-SFR3 Trust                                            | CUSIP: 74331UAA6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $226611.75    | 0.17%             | 2039-04-17      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                     | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177827.06    | 0.14%             | 2027-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CAPITAL CORPORA                                                     | Owl Rock Capital Corp III                                                       | CUSIP: 69122JAC0<br>LEI: 5493003BCZ22YM5BRK17 | Long             | DBT              | CORP              | US        |    681000 | PA      | $560594.08    | 0.43%             | 2027-04-13      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| SECURITY BENEFIT GL FUND                                                     | Security Benefit Global Funding                                                 | CUSIP: 81412DAA1<br>LEI: 5493003C0JW6BY7YFF93 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281452.06    | 0.22%             | 2024-05-17      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DX98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1551199 | PA      | $1383562.69   | 1.06%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                           | PINAL CNTY AZ REVENUE OBLGS                                                     | CUSIP: 72205RFF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $113375.54    | 0.09%             | 2024-08-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                       | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAJ2<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    270000 | PA      | $279773.53    | 0.21%             | 2032-11-22      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                                                         | Western Digital Corp                                                            | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    175000 | PA      | $135392.25    | 0.10%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    245000 | PA      | $218144.41    | 0.17%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                                                            | Tractor Supply Co                                                               | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    100000 | PA      | $76784.35     | 0.06%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                           | REGL TRANSPRTN DIST CO SALES TAX REVENUE                                        | CUSIP: 759136VE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $148309.49    | 0.11%             | 2027-11-01      | Fixed         | 1.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | United States Treasury Note/Bond                                                | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4918000 | PA      | $3754969.82   | 2.88%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                     | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $760562.21    | 0.58%             | 2026-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                                            | Expedia Group Inc                                                               | CUSIP: 30212PBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $316586.44    | 0.24%             | 2027-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                                                 | CUSIP: 31418DVX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1823112 | PA      | $1630608.19   | 1.25%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FIRST-CITIZENS BANK/TRST                                                     | First-Citizens Bank & Trust Co                                                  | CUSIP: 125581HA9<br>LEI: L9VVX1KT5TFTKS0MLF66 | Long             | DBT              | CORP              | US        |    402000 | PA      | $398506.70    | 0.31%             | 2024-06-19      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                                | Aircastle Ltd                                                                   | CUSIP: 00928QAT8<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    206000 | PA      | $198117.97    | 0.15%             | 2025-08-11      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    230000 | PA      | $156405.47    | 0.12%             | 2042-07-21      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                                           | Cenovus Energy Inc                                                              | CUSIP: 15135UAP4<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    395000 | PA      | $359830.82    | 0.28%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** Homestead Funds Trust

**Signature:** Amy DiMauro

**Name of Signer:** Amy DiMauro

**Title:** Treasurer