# EDGAR Filing Document

**Accession Number:** 0000777535
**File Stem:** 0000777535-26-000027
**Filing Date:** 2026-2
**Character Count:** 93729
**Document Hash:** 8f1c8efdb8b47e041aeeb77584e0385f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000777535-26-000027.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000777535-26-000027

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLLEGE RETIREMENT EQUITIES FUND
- **CENTRAL INDEX KEY:** 0000777535

**ORGANIZATION NAME:**
- **EIN:** 136022042
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04415
- **FILM NUMBER:** 26680768

**BUSINESS ADDRESS:**
- **STREET 1:** 730 THIRD AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2129164905

**MAIL ADDRESS:**
- **STREET 1:** 730 THIRD AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### Inflation-Linked Bond Account (Series ID: S000005085)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000154488 | Class R1     | QCILRX          |
| C000154489 | Class R2     | QCILPX          |
| C000154490 | Class R3     | QCILIX          |
| C000234676 | Class R4     | QCILFX          |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** College Retirement Equities Fund

- **b. Investment Company Act file number:** 811-04415

- **c. CIK number of Registrant:** 0000777535

- **d. LEI of Registrant:** 549300W86TWR1A52Z652

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

  - **Street Address 1:** 730 Third Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-490-9000

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

- **a. Name of Series:** College Retirement Equities Fund - Inflation-Linked Bond Account

- **b. EDGAR series identifier (if any):** S000005085

- **c. LEI of Series:** 549300UHFZ6YCGMQ2F56

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $8206326196.00

**Total Liabilities:** $3713103.00

**Net Assets:** $8202613093.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -12484.16000000 | **1-Year:** -497727.95000000 | **5-Year:** -1653700.71000000 | **10-Year:** -1256622.36000000 | **30-Year:** -26202.59000000

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

- **3-Month:** -1702.04000000 | **1-Year:** -4727.34000000 | **5-Year:** -20073.24000000 | **10-Year:** -4366.60000000 | **30-Year:** -790.23000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234676 | 0.17%                | 0.41%                | -0.27%               |
| Class ID C000154488 | 0.15%                | 0.39%                | -0.30%               |
| Class ID C000154490 | 0.16%                | 0.40%                | -0.28%               |
| Class ID C000154489 | 0.15%                | 0.40%                | -0.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $25522.43                | $-17306359.83                              |
| Month 2  | $-495495.20              | $3375240.27                                |
| Month 3  | $43934.68                | $-49273981.51                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Trust                                                                     | BX TRUST                                                                    | CUSIP: 05610FAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1999143.40   | 0.02%             | 2039-01-17      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 20754EAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   6324200 | PA      | $6667316.94   | 0.08%             | 2043-07-25      | Variable      | 9.19%                 | Yes           |                  2 | On Loan: No      |
| NYCT Trust 2024-3ELV                                                         | NYC Trust                                                                   | CUSIP: 62956HAC0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2004890.80   | 0.02%             | 2029-08-15      | Variable      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 299434740 | PA      | $283982050.92 | 3.46%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                          | MRCD Mortgage Trust                                                         | CUSIP: 55348UAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1787500.00   | 0.02%             | 2036-12-15      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                                                         | Saudi Arabian Oil Co                                                        | CUSIP: 80414L2N4<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   2950000 | PA      | $3036013.15   | 0.04%             | 2034-07-17      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                        | Duke Energy Carolinas LLC                                                   | CUSIP: 26442CBB9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1841033.84   | 0.02%             | 2031-04-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                  | CitiBank NA                                                                 | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2020396.64   | 0.02%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                                         | Petronas Capital Ltd                                                        | CUSIP: 716743AV1<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   3480000 | PA      | $3592460.55   | 0.04%             | 2031-01-03      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                                                         | Bank of America Corp                                                        | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3097062.90   | 0.04%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 151305643 | PA      | $152789608.20 | 1.86%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Turk Telekomunikasyon AS                                                     | Turk Telekomunikasyon AS.                                                   | CUSIP: 90011QAE0<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |   4500000 | PA      | $4598280.00   | 0.06%             | 2032-10-07      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                                                | ARDN Mortgage Trust                                                         | CUSIP: 039961AG2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3012097.20   | 0.04%             | 2035-06-15      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 3617Q8L67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |  29348854 | PA      | $25105814.39  | 0.31%             | 2037-07-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 20754NAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $155517.09    | 0.00%             | 2042-05-25      | Variable      | 8.21%                 | Yes           |                  2 | On Loan: No      |
| PKHL Commercial Mortgage Trust                                               | PKHL Commercial Mortgage Trust                                              | CUSIP: 69356GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1889858.60   | 0.02%             | 2038-07-15      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL AMERICAN BANK                                                        | Central American Bank for Economic Integration                              | CUSIP: 15238PAH9<br>LEI: 549300OLDAMXBPSHIC05 | Long             | DBT              | NUSS              | N/A       |   6250000 | PA      | $6254291.81   | 0.08%             | 2026-02-09      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                          | Freddie Mac STACR REMIC Trust                                               | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-CBDO         | CORP              | US        |  17000000 | PA      | $17551092.40  | 0.21%             | 2042-05-25      | Variable      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol SA                                                                 | Ecopetrol S.A.                                                              | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4000000 | PA      | $4116360.00   | 0.05%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                          | COMM Mortgage Trust                                                         | CUSIP: 12631DBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5130062 | PA      | $4992933.32   | 0.06%             | 2047-05-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS Health Corp                                                             | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1913189.44   | 0.02%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2024-C                                                   | CNH Equipment Trust                                                         | CUSIP: 18978GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4925000 | PA      | $4941227.88   | 0.06%             | 2030-01-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Banco Nacional de Comercio Exterior SNC/Cayman Islands                       | Banco Nacional de Comercio Exterior SNC                                     | CUSIP: 05974TAA5<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |   1450000 | PA      | $1498865.00   | 0.02%             | 2030-05-07      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 161474923 | PA      | $147536981.28 | 1.80%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg                                               | DBJPMortgage Trust                                                          | CUSIP: 23312LAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2949000 | PA      | $2923018.13   | 0.04%             | 2049-05-10      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL DPR FUNDING LTD.                                                  | Industrial DPR Funding Ltd                                                  | CUSIP: 45605PAZ1<br>LEI: 549300MBUJF25SSFY437 | Long             | ABS-O            | CORP              | KY        |   2867985 | PA      | $2605564.42   | 0.03%             | 2034-04-15      | Fixed         | 5.38%                 | Yes           |                  3 | On Loan: No      |
| ZURN LLC                                                                     | Zurn Holdings, Inc., Term Loan B                                            | CUSIP: 76168JAS5<br>LEI: 549300XLZXRC2KJ6VK87 | Long             | LON              | CORP              | US        |   2620227 | PA      | $2642053.76   | 0.03%             | 2028-10-04      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| INTOWN 2025-STAY Mortgage Trust                                              | INTOWN Mortgage Trust                                                       | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5016382.00   | 0.06%             | 2042-03-15      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                       | Albertsons Cos, Inc                                                         | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3505000 | PA      | $3580062.52   | 0.04%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DK Trust                                                                     | DK Trust                                                                    | CUSIP: 23292LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3700000 | PA      | $3711654.63   | 0.05%             | 2037-08-15      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2024-REV1                                       | Ford Credit Auto Owner Trust                                                | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18000000 | PA      | $18458929.80  | 0.23%             | 2036-08-15      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                          | Kinetik Holdings LP                                                         | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5044798.40   | 0.06%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2024-4                    | GM Financial Consumer Automobile Receivables Trust                          | CUSIP: 38014AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9900000 | PA      | $9974234.16   | 0.12%             | 2029-08-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 335056276 | PA      | $312303552.97 | 3.81%             | 2031-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                                         | Petronas Capital Ltd                                                        | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   2000000 | PA      | $2079931.70   | 0.03%             | 2035-04-03      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| EQT Corp                                                                     | EQT Corp                                                                    | CUSIP: 26884LAT6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2038562.98   | 0.02%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                                               | JP Morgan Chase Commercial Mortgage Securities Trust                        | CUSIP: 46652BBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $940000.00    | 0.01%             | 2037-01-16      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 215676928 | PA      | $214795311.89 | 2.62%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                                     | Ferrellgas LP                                                               | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2402258.85   | 0.03%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R06                                 | Connecticut Avenue Securities Trust                                         | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    918000 | PA      | $944413.06    | 0.01%             | 2043-07-25      | Variable      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| HCA INC                                                                      | HCA, Inc                                                                    | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2061551.34   | 0.03%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 20755AAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   6235000 | PA      | $6469366.17   | 0.08%             | 2043-01-25      | Variable      | 7.71%                 | Yes           |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                                               | Oak Street Investment Grade Net Lease Fund Series                           | CUSIP: 67181DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5518457 | PA      | $5029128.44   | 0.06%             | 2051-11-20      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                             | T-Mobile USA, Inc                                                           | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2040903.08   | 0.02%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60646298 | PA      | $60118194.89  | 0.73%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                        | DB Master Finance LLC                                                       | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   5664000 | PA      | $5360246.48   | 0.07%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc                                                                 | Enbridge, Inc                                                               | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1050876.59   | 0.01%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                                              | Gruma SAB de C.V.                                                           | CUSIP: 400131AH1<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | DBT              | CORP              | MX        |   3000000 | PA      | $3083970.09   | 0.04%             | 2034-12-09      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                          | Freddie Mac STACR REMIC Trust                                               | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |   4355000 | PA      | $4583533.85   | 0.06%             | 2042-06-25      | Variable      | 8.37%                 | Yes           |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                                               | JPMBB Commercial Mortgage Securities Trust                                  | CUSIP: 46643ABK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2140481.64   | 0.03%             | 2047-09-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912828N71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  82248225 | PA      | $82055132.12  | 1.00%             | 2026-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 320551460 | PA      | $322122979.11 | 3.93%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                                                               | 101B.C. Unlimited Liability Company, Term Loan B6                           | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   2771355 | PA      | $2778283.10   | 0.03%             | 2030-09-23      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2025-B33RP                             | Wells Fargo Commercial Mortgage Trust                                       | CUSIP: 95004RAA4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4400000 | PA      | $4404237.20   | 0.05%             | 2042-08-15      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                       | US 10YR NOTE (CBT)Mar26                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1166 | NC      | $131102125.00 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                                              | Antofagasta plc                                                             | CUSIP: 03718NAD8<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |   1175000 | PA      | $1209662.50   | 0.01%             | 2035-09-09      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                                             | Transnet SOC Ltd                                                            | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |   5460000 | PA      | $5763528.77   | 0.07%             | 2028-02-06      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 197455630 | PA      | $195014144.45 | 2.38%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 148375800 | PA      | $149485832.00 | 1.82%             | 2027-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 20753DAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4500000 | PA      | $4774376.70   | 0.06%             | 2042-09-25      | Variable      | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                               | Morgan Stanley                                                              | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044985.26   | 0.01%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                           | Energy Transfer LP                                                          | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1620314.81   | 0.02%             | 2030-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                                              | Trans Union, LLC, Term Loan B9                                              | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1503605 | PA      | $1508153.90   | 0.02%             | 2031-06-24      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                                      | EIG Pearl Holdings Sarl                                                     | CUSIP: 28249NAA9<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |   2950353 | PA      | $2732248.15   | 0.03%             | 2036-08-31      | Fixed         | 3.54%                 | Yes           |                  2 | On Loan: No      |
| Bimbo Bakeries USA Inc                                                       | Bimbo Bakeries USA, Inc                                                     | CUSIP: 09031WAD5<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3270366.00   | 0.04%             | 2034-01-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 207932AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |  10855000 | PA      | $11348897.07  | 0.14%             | 2042-12-25      | Variable      | 8.11%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                       | CCO Holdings LLC                                                            | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4993126.90   | 0.06%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Antofagasta PLC                                                              | Antofagasta plc                                                             | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |   1575000 | PA      | $1696515.98   | 0.02%             | 2034-05-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DK Trust                                                                     | DK Trust                                                                    | CUSIP: 23292LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1154253.16   | 0.01%             | 2037-08-15      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | Petroleos Mexicanos                                                         | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2375000 | PA      | $2368659.27   | 0.03%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FLUIDRA FINCO SL                                                             | Fluidra, S.A., Term Loan B                                                  | CUSIP: 98975VAM8<br>LEI: 9598001EJ2RDDXG5CK22 | Long             | LON              | CORP              | ES        |   1920000 | PA      | $1932960.00   | 0.02%             | 2029-01-29      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust Series 2024-5                                           | Verizon Master Trust Series                                                 | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25000000 | PA      | $25767355.00  | 0.31%             | 2032-06-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Meta Platforms Inc                                                           | Meta Platforms, Inc                                                         | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    950000 | PA      | $948727.01    | 0.01%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                | UBS Commercial Mortgage Trust                                               | CUSIP: 90276EAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7165000 | PA      | $6874876.97   | 0.08%             | 2050-06-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 141081760 | PA      | $139434215.67 | 1.70%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                    | Sunoco LP                                                                   | CUSIP: 86765KAK5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3060157.59   | 0.04%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 280094773 | PA      | $272997745.45 | 3.33%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se                                               | Natixis Commercial Mortgage Securities Trust                                | CUSIP: 63875FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2162058.50   | 0.03%             | 2036-07-15      | Variable      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 148458497 | PA      | $153219467.47 | 1.87%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                                                  | Petrobras Global Finance BV                                                 | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |   4000000 | PA      | $3919721.60   | 0.05%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                                                   | Grupo Aeromexico SAB de C.V.                                                | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2500000 | PA      | $2552325.00   | 0.03%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| MONTEFIORE MEDICAL CENT                                                      | Montefiore Medical Center                                                   | CUSIP: 61237WAC0<br>LEI: 549300LVC84TCICWUW24 | Long             | DBT              | CORP              | US        |  10645000 | PA      | $9532197.04   | 0.12%             | 2032-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                            | Fannie Mae REMICS                                                           | CUSIP: 3136BVAP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |   4945942 | PA      | $4988310.30   | 0.06%             | 2054-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                       | US 5YR NOTE (CBT) Mar26                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1635 | NC      | $178713164.88 | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                                                | ARDN Mortgage Trust                                                         | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5016262.50   | 0.06%             | 2035-06-15      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 121532648 | PA      | $120076299.19 | 1.46%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 166510528 | PA      | $163485114.96 | 1.99%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                   | Verus Securitization Trust                                                  | CUSIP: 92538QAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5933278 | PA      | $5253354.81   | 0.06%             | 2066-10-25      | Variable      | 2.24%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                          | JPMorgan Chase & Co                                                         | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2090237.26   | 0.03%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                                                   | Verizon Communications, Inc                                                 | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2032775.88   | 0.02%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bidvest Group UK PLC/The                                                     | Bidvest Group UK plc                                                        | CUSIP: 088932AA6<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |   2250000 | PA      | $2292446.25   | 0.03%             | 2032-09-17      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Crocs Inc                                                                    | Crocs, Inc., Term Loan                                                      | CUSIP: 22704NAF9<br>LEI: 549300B0J6YCXD63OG72 | Long             | LON              | CORP              | US        |    680000 | PA      | $685358.40    | 0.01%             | 2029-02-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| SCG Trust 2025-SNIP                                                          | SCG Trust                                                                   | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $2106497.82   | 0.03%             | 2042-09-15      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Gen Digital Inc                                                              | Gen Digital Inc., Term Loan B                                               | CUSIP: 66877AAF5<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |   1680800 | PA      | $1685354.97   | 0.02%             | 2029-09-12      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America Inc                                             | Reinsurance Group of America, Inc                                           | CUSIP: 759351AS8<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2085764.74   | 0.03%             | 2034-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 248199900 | PA      | $239112842.49 | 2.92%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust 2024-B                                                | Tesla Auto Lease Trust                                                      | CUSIP: 881934AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16425000 | PA      | $16492087.91  | 0.20%             | 2027-10-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                                     | BX Commercial Mortgage Trust                                                | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5277870 | PA      | $5274453.05   | 0.06%             | 2038-12-15      | Variable      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                        | DB Master Finance LLC                                                       | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   4224000 | PA      | $3760712.10   | 0.05%             | 2051-11-20      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                                              | Antofagasta plc                                                             | CUSIP: 03718NAB2<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $624060.00    | 0.01%             | 2032-05-13      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| OCP SA                                                                       | OCP S.A.                                                                    | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   2300000 | PA      | $2477466.57   | 0.03%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                        | DB Master Finance LLC                                                       | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   2880000 | PA      | $2825034.05   | 0.03%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                          | MRCD Mortgage Trust                                                         | CUSIP: 55348UAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1882500.00   | 0.02%             | 2036-12-15      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                                               | BBCMS Trust                                                                 | CUSIP: 05547HAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3285000 | PA      | $3235846.87   | 0.04%             | 2035-08-10      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50625024 | PA      | $55874694.71  | 0.68%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANCO DE CHILE                                                               | Banco de Chile                                                              | CUSIP: 059520AC0<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | DBT              | CORP              | CL        |   1625000 | PA      | $1482326.63   | 0.02%             | 2031-12-09      | Fixed         | 2.99%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54146323 | PA      | $58318649.90  | 0.71%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | Amgen, Inc                                                                  | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2046780.28   | 0.02%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Embraer Netherlands Finance BV                                               | Embraer Netherlands Finance BV                                              | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    875000 | PA      | $929818.75    | 0.01%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                        | Freeport Indonesia PT                                                       | CUSIP: 69377FAB2<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |   2500000 | PA      | $2548860.00   | 0.03%             | 2032-04-14      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 382312563 | PA      | $389061721.45 | 4.74%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UnitedHealth Group, Inc                                                     | CUSIP: 91324PEH1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998009.62   | 0.02%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                                       | Indian Railway Finance Corp Ltd                                             | CUSIP: 45434L2H6<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |   1500000 | PA      | $1423765.26   | 0.02%             | 2032-01-21      | Fixed         | 3.57%                 | Yes           |                  2 | On Loan: —       |
| PRIME SECSRVC BRW/FINANC                                                     | Prime Security Services Borrower LLC                                        | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    278000 | PA      | $278099.59    | 0.00%             | 2026-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Latam Airlines Group SA                                                      | Latam Airlines Group S.A.                                                   | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   2000000 | PA      | $2099864.96   | 0.03%             | 2031-01-07      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Amcor Group Finance PLC                                                      | Amcor Group Finance plc                                                     | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |   1750000 | PA      | $1809045.58   | 0.02%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 136328393 | PA      | $143014570.22 | 1.74%             | 2028-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Corp Nacional del Cobre de Chile                                             | Corp Nacional del Cobre de Chile                                            | CUSIP: 21987BBL1<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   1500000 | PA      | $1600500.00   | 0.02%             | 2035-01-13      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX | BBVA Mexico S.A. Institucion De Banca Multiple Grupo Financiero BBVA Mexico | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   1825000 | PA      | $1916250.00   | 0.02%             | 2035-02-11      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| STATE STR NAVIGATOR SECS L TR                                                | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2311809 | NS      | $2311808.59   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 272071968 | PA      | $255229184.14 | 3.11%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 390840906 | PA      | $399077502.89 | 4.87%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                                      | Reliance Industries Ltd                                                     | CUSIP: 759470AW7<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | US        |    328947 | PA      | $328699.32    | 0.00%             | 2026-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                     | Hilcorp Energy I LP                                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4858520.50   | 0.06%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                     | Healthcare Realty Holdings LP                                               | CUSIP: 42225UAF1<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993177.23    | 0.01%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 360990575 | PA      | $346356074.85 | 4.22%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2023-DNA2                                      | Freddie Mac STACR REMIC Trust                                               | CUSIP: 35564KT66<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-CBDO         | CORP              | US        |  10605000 | PA      | $11046011.05  | 0.13%             | 2043-04-25      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Jazz Financing Lux Sarl                                                      | Jazz Financing Lux S.a.r.l., First Lien Term Loan B                         | CUSIP: N/A<br>LEI: 635400WUEO2NSG5OIU34       | Long             | LON              | CORP              | LU        |   1544587 | PA      | $1553059.40   | 0.02%             | 2028-05-05      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                                                | MTN Commercial Mortgage Trust                                               | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8497000 | PA      | $8495278.51   | 0.10%             | 2039-03-15      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 254084600 | PA      | $249595728.03 | 3.04%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 174585327 | PA      | $164753009.84 | 2.01%             | 2030-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                                               | Core & Main LP, Term Loan B                                                 | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |   2066614 | PA      | $2075666.27   | 0.03%             | 2028-07-27      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R08                                 | Connecticut Avenue Securities Trust                                         | CUSIP: 20755CAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4510000 | PA      | $4719505.29   | 0.06%             | 2043-10-25      | Variable      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 347437012 | PA      | $348803509.06 | 4.25%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 20755DAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4000000 | PA      | $4137998.40   | 0.05%             | 2042-07-25      | Variable      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  74569023 | PA      | $74132357.99  | 0.90%             | 2026-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                                            | TSMC Arizona Corp                                                           | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1548141.78   | 0.02%             | 2026-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank NA                                               | Morgan Stanley Private Bank NA                                              | CUSIP: 61776NZW6<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2957723.01   | 0.04%             | 2031-11-19      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 3617A4PK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   6527558 | PA      | $6386848.83   | 0.08%             | 2032-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                              | MVW LLC                                                                     | CUSIP: 55400KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1865316 | PA      | $1778091.83   | 0.02%             | 2039-05-20      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60163536 | PA      | $61953649.67  | 0.76%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                    | Boeing Co                                                                   | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1965697.02   | 0.02%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 36181DYS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |  12723938 | PA      | $12455964.00  | 0.15%             | 2031-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                             | Wells Fargo & Co                                                            | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2064406.26   | 0.03%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sitios Latinoamerica SAB de CV                                               | Sitios Latinoamerica SAB de C.V.                                            | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |   3550000 | PA      | $3679575.00   | 0.04%             | 2029-11-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-XL5                                        | BX Commercial Mortgage Trust                                                | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4549573 | PA      | $4556986.51   | 0.06%             | 2041-03-15      | Variable      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                                                         | Bank of America Corp                                                        | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1563896.79   | 0.02%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BX Trust 2021-SDMF                                                           | BX Trust                                                                    | CUSIP: 12434CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1855952 | PA      | $1849949.35   | 0.02%             | 2034-09-15      | Variable      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 219545028 | PA      | $217503707.19 | 2.65%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                             | Connecticut Avenue Securities Trust                                         | CUSIP: 20753YCK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $368906.22    | 0.00%             | 2042-03-25      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                             | Comision Federal de Electricidad                                            | CUSIP: 200447AN0<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   1700000 | PA      | $1730855.00   | 0.02%             | 2030-01-24      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                     | Occidental Petroleum Corp                                                   | CUSIP: 674599CS2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4825774.50   | 0.06%             | 2029-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2024-D Owner Trust                                   | Toyota Auto Receivables Owner Trust                                         | CUSIP: 89239TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18650000 | PA      | $18779703.29  | 0.23%             | 2029-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                          | COMM Mortgage Trust                                                         | CUSIP: 12624XAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    706540 | PA      | $701115.00    | 0.01%             | 2046-03-10      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                     | Florida Power & Light Co                                                    | CUSIP: 341081GQ4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2038866.32   | 0.02%             | 2033-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU                                               | WFRBS Commercial Mortgage Trust                                             | CUSIP: 92937EAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1951000 | PA      | $1893182.51   | 0.02%             | 2045-03-15      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                     | Benchmark Mortgage Trust                                                    | CUSIP: 08161CAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1554600.20   | 0.02%             | 2051-02-15      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | Ecopetrol S.A.                                                              | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2275000 | PA      | $2037972.98   | 0.02%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 304247500 | PA      | $281882673.74 | 3.44%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2024-C                                          | Ford Credit Auto Owner Trust                                                | CUSIP: 34532UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14055000 | PA      | $14098392.00  | 0.17%             | 2029-07-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 133934772 | PA      | $135001234.32 | 1.65%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                          | COMM Mortgage Trust                                                         | CUSIP: 12593QBH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1939789 | PA      | $1916268.92   | 0.02%             | 2048-10-10      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                          | COMM Mortgage Trust                                                         | CUSIP: 12630DBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1758053 | PA      | $1721309.96   | 0.02%             | 2047-02-10      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R04                                 | Connecticut Avenue Securities Trust                                         | CUSIP: 20754QAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4465000 | PA      | $4685404.90   | 0.06%             | 2043-05-25      | Variable      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                                     | BX Commercial Mortgage Trust                                                | CUSIP: 05609KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12600000 | PA      | $12595506.83  | 0.15%             | 2038-10-15      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                             | Fixed Income Clearing Corporation                                           | CUSIP: RPER0WZK0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | RA               | CORP              | US        |  21740000 | PA      | $21740000.00  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SMR 2022-IND Mortgage Trust                                                  | SMR Mortgage Trust                                                          | CUSIP: 78458MAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7325417 | PA      | $7348969.83   | 0.09%             | 2039-02-15      | Variable      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| TX Trust 2024-HOU                                                            | TX Trust                                                                    | CUSIP: 90216DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5009330.00   | 0.06%             | 2039-06-15      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 437516648 | PA      | $435008027.92 | 5.30%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                                                  | Corp Nacional del Cobre de Chile                                            | CUSIP: 21987BBF4<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   4700000 | PA      | $4724853.60   | 0.06%             | 2033-02-02      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Alphabet Inc                                                                 | Alphabet, Inc                                                               | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003068.98   | 0.01%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                                                           | Sunnova Helios VIII Issuer LLC                                              | CUSIP: 86745AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3808062 | PA      | $3207065.47   | 0.04%             | 2049-02-22      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp                                                                  | Oracle Corp                                                                 | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    975000 | PA      | $934128.72    | 0.01%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Select Medical Corp                                                          | Select Medical Corporation, Term Loan B                                     | CUSIP: BL4807634<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |    526751 | PA      | $526750.96    | 0.01%             | 2031-12-03      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Coherent Corp                                                                | Coherent Corp, Term Loan B2                                                 | CUSIP: 45173JAT1<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    144643 | PA      | $145185.98    | 0.00%             | 2029-07-02      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                                        | Sociedad Quimica y Minera de Chile S.A.                                     | CUSIP: 833636AN3<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |   1275000 | PA      | $1385262.00   | 0.02%             | 2033-11-07      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Ford Otomotiv Sanayi AS                                                      | Ford Otomotiv Sanayi AS.                                                    | CUSIP: 345409AC0<br>LEI: 7890006XJG6ZE2H34671 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $2068753.28   | 0.03%             | 2029-04-25      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust 2024-1                              | GM Financial Revolving Receivables Trust                                    | CUSIP: 36269KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $11312092.00  | 0.14%             | 2036-12-11      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 190221840 | PA      | $191600558.39 | 2.34%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CPH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  56909206 | PA      | $56037297.98  | 0.68%             | 2030-10-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 912810FS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15460582 | PA      | $15432135.58  | 0.19%             | 2026-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                     | AT&T, Inc                                                                   | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1706940.50   | 0.02%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 3617QULJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |  20252590 | PA      | $15957821.12  | 0.19%             | 2042-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MF1 2025-FL19 LLC                                                            | MF1 LLC                                                                     | CUSIP: 55287KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5750000 | PA      | $5767836.79   | 0.07%             | 2042-05-18      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                | JP Morgan Chase Commercial Mortgage Securities Trust                        | CUSIP: 466330AL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2391000 | PA      | $2392505.85   | 0.03%             | 2038-04-15      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                     | Hilcorp Energy I LP                                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1882763.60   | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                                      | Invesco Senior Loan ETF                                                     | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |    475737 | NS      | $9990477.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                                     | Israel Electric Corp Ltd                                                    | CUSIP: BU3987486<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |   1450000 | PA      | $1354071.32   | 0.02%             | 2032-02-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                                                | MTN Commercial Mortgage Trust                                               | CUSIP: 62475WAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6555000 | PA      | $6562253.11   | 0.08%             | 2039-03-15      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                          | JPMorgan Chase & Co                                                         | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3613667.58   | 0.04%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 3617A0A63<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |   2299930 | PA      | $2214809.95   | 0.03%             | 2036-10-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 3617LYQM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |  22878630 | PA      | $21564820.90  | 0.26%             | 2045-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                                 | SK Hynix, Inc                                                               | CUSIP: 78392BAF4<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |   1715000 | PA      | $1888057.01   | 0.02%             | 2033-01-17      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| TSY INFL IX N/B                                                              | United States Treasury Inflation Indexed Bonds                              | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 295919595 | PA      | $291315151.20 | 3.55%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                               | Ginnie Mae I Pool                                                           | CUSIP: 36181PGX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   1692940 | PA      | $1606381.08   | 0.02%             | 2035-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                     | Mars, Inc                                                                   | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2043925.26   | 0.02%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                               | United States Treasury Inflation Indexed Bonds                              | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 310299118 | PA      | $309468305.02 | 3.77%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                                                         | Flutter Financing B.V., Term Loan B                                         | CUSIP: BL4862100<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | IE        |   2401000 | PA      | $2401996.42   | 0.03%             | 2030-11-29      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                     | AerCap Ireland Capital DAC                                                  | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2000000 | PA      | $1938977.30   | 0.02%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** COLLEGE RETIREMENT EQUITIES FUND

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting