# EDGAR Filing Document

**Accession Number:** 0000004904
**File Stem:** 0000004904-26-000041
**Filing Date:** 2026-6
**Character Count:** 141362
**Document Hash:** da2fe8ffbf69d1f52adf9b7057bae4bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000004904-26-000041.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000004904-26-000041

**CONFORMED SUBMISSION TYPE**: 11-K

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN ELECTRIC POWER CO INC
- **CENTRAL INDEX KEY:** 0000004904
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 134922640
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-03525
- **FILM NUMBER:** 261119217

**BUSINESS ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-716-1000

**MAIL ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KINGSPORT UTILITIES INC
- **DATE OF NAME CHANGE:** 19660906

?xml version='1.0' encoding='ASCII'? aep-20260625

---

| | |
|:---|:---|
| UNITED STATES | UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION | SECURITIES AND EXCHANGE COMMISSION |
| WASHINGTON, D.C. 20549 | WASHINGTON, D.C. 20549 |
| FORM 11-K | FORM 11-K |
| (Mark One) | (Mark One) |
| ⌧ | ANNUAL REPORT PURSUANT TO SECTION 15(d) |
| | OF THE SECURITIES EXCHANGE ACT OF 1934 |
| | For the year ended December 31, 2025 |
| | OR |
| □ | TRANSITION REPORT PURSUANT TO SECTION 15(d) |
| | OF THE SECURITIES EXCHANGE ACT OF 1934 |
| | For the transition period from __________ to __________ |
| | Commission File Number: 1 - 3525 |
| | AEP RETIREMENT SAVINGS 401(K) PLAN |
| | (Full title of the plan) |
| | AMERICAN ELECTRIC POWER COMPANY, INC. |
| | 1 Riverside Plaza, Columbus, Ohio 43215 |
| | (Name of issuer of the securities held |
| | pursuant to the plan and the address |
| | of its principal executive office) |

---

------

**AEP RETIREMENT SAVINGS 401(K) PLAN** 

**INDEX**

**December 31, 2025 and 2024**

---

| | |
|:---|:---|
| | **Page<br>Number** |
| Signatures | [2](#i22c65d6898a14479a9632a126735248a_10) |
| Report of Independent Registered Public Accounting Firm | [3](#i22c65d6898a14479a9632a126735248a_13) |
| Financial Statements |  |
| Statements of Net Assets Available for Benefits | [4](#i22c65d6898a14479a9632a126735248a_19) |
| Statements of Changes in Net Assets Available for Benefits | [5](#i22c65d6898a14479a9632a126735248a_22) |
| Notes to Financial Statements | [6](#i22c65d6898a14479a9632a126735248a_25) |
| Supplemental Schedule |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule of Assets (Held at End of Year) | [20](#i22c65d6898a14479a9632a126735248a_61) |
| Exhibit Index | [62](#i22c65d6898a14479a9632a126735248a_64) |
| Exhibit 23(1) |  |
| Note: Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting with Disclosure under the Employee Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not applicable. | Note: Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting with Disclosure under the Employee Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not applicable. |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Benefits Finance Committee has duly caused this annual report to be signed by the undersigned thereunto duly authorized.

AEP Retirement Savings 401(k) Plan

<u>/s/ Matthew Fransen</u> 

Matthew Fransen, Senior Vice President and Treasurer

June 25, 2026

------

**Report of Independent Registered Public Accounting Firm**

Benefits Finance Committee and Plan Participants

AEP Retirement Savings 401(k) Plan

Columbus, Ohio

**Opinion on the Financial Statements**

We have audited the accompanying statements of net assets available for benefits of the AEP Retirement Savings 401(k) Plan (the "Plan") as of December 31, 2025 and 2024, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively, the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by the Plan's management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. 

**Supplemental Information**

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but included supplemental information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ BDO USA, P.C.

We have served as the Plan's auditor since 2021.

Columbus, Ohio

June 25, 2026

------

**AEP RETIREMENT SAVINGS 401(K) PLAN**

**STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS**

**December 31, 2025 and 2024**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
| | **2025** | **2025** | **2024** | **2024** |
| **ASSETS** |  |  |  |  |
| Investments at Fair Value | $5249093358 | 5249093358 | $4719489317 | 4719489317 |
| Investments at Contract Value | 393801492 | 393801492 | 445310916 | 445310916 |
| Notes Receivable from Participants | 69932112 | 69932112 | 67017058 | 67017058 |
| **Total Assets** |  | 5712826962 |  | 5231817291 |
| Pending Trades, Net |  | (3096352) |  | (6106165) |
| **Total Liabilities** |  | (3096352) |  | (6106165) |
| **NET ASSETS AVAILABLE FOR BENEFITS** | $5709730610 | 5709730610 | $5225711126 | 5225711126 |
| *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* | *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* | *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* | *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* | *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* |

---

------

**AEP RETIREMENT SAVINGS 401(K) PLAN**

**STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS**

**For the Years Ended December 31, 2025 and 2024** 

---

| | | |
|:---|:---|:---|
| | **Years Ended December 31,** | **Years Ended December 31,** |
| | **2025** | **2024** |
| **INVESTMENT INCOME** |  |  |
| Net Appreciation in Fair Value of Investments | $760317913 | $622671212 |
| Interest and Dividend Income | 21891838 | 25397228 |
| **Total Investment Income** | 782209751 | 648068440 |
| **CONTRIBUTIONS** |  |  |
| Participants | 207888939 | 200333063 |
| Employer | 83432138 | 81284557 |
| **Total Contributions** | 291321077 | 281617620 |
| **INTEREST INCOME ON NOTES RECEIVABLE FROM PARTICIPANTS** | 5337855 | 4652415 |
| **DISTRIBUTIONS TO PARTICIPANTS** | (588772112) | (900385835) |
| **ADMINISTRATIVE AND MANAGEMENT FEES** |  |  |
| Professional Fees | (485045) | (494679) |
| Investment Advisory and Management Fees | (5225642) | (6116490) |
| Other Fees | (366400) | (352025) |
| **Total Administrative and Management Fees** | (6077087) | (6963194) |
| **NET INCREASE** | 484019484 | 26989446 |
| **NET ASSETS AVAILABLE FOR BENEFITS BEGINNING OF YEAR** | $5225711126 | $5198721680 |
| **NET ASSETS AVAILABLE FOR BENEFITS END OF YEAR** | $5709730610 | $5225711126 |
| *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* | *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* | *See Notes to Financial Statements beginning on page [6](#i22c65d6898a14479a9632a126735248a_25).* |

---

------

**AEP RETIREMENT SAVINGS 401(K) PLAN**

**NOTES TO FINANCIAL STATEMENTS**

**For the Years Ended December 31, 2025 and 2024**

**1. <u>PLAN DESCRIPTION</u>**

The following description of the AEP Retirement Savings 401(k) Plan (Plan) is provided for general information purposes only. Participants should refer to the Plan documents for a more complete description of the Plan's information. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).

***General***

The Plan is a defined contribution plan that became effective and commenced operations on January 1, 1978. The Plan covers full-time and part-time employees of the participating subsidiaries of American Electric Power Company, Inc. (AEP or the Company) who are not excluded by the terms of the Plan, such as pursuant to a unionized collective bargaining agreement. American Electric Power Service Corporation (AEPSC) is the plan administrator (Plan Administrator) and plan sponsor (Plan Sponsor). AEPSC is a wholly-owned subsidiary of AEP. The Bank of New York Mellon (BNY) (Trustee) is the primary trustee. Empower Annuity Insurance Company of America (Empower Retirement) is the Plan record keeper. AEPSC appointed Empower Trust Company, LLC as the trustee/custodian for certain cash held on behalf of the Plan pending investment or disbursement.

***Contributions***

Newly eligible employees are automatically enrolled with a 6% pretax deferral. Such deferrals automatically increase each year by 1% to a maximum of 10%. Employees may opt out of the automatic enrollment or revise their elections after they are notified of their right not to have such pretax deferrals made on their behalf and how their account will be invested in the absence of their making an investment election. Generally, eligible employees participating in the Plan may make contributions (pretax, after-tax or Roth 401(k) contributions) in 1% increments up to 50% of their eligible pay (within Internal Revenue Service (IRS) limits), although pretax and Roth 401(k) amounts are limited to $23,500 for 2025 and $23,000 for 2024. Participants who are age 50 and older are eligible to contribute additional pretax or Roth 401(k) amounts as catch-up contributions. The catch-up contribution limit are subject to certain IRS limitations. An employee who is eligible to participate in the Plan also may roll eligible retirement benefits into the Plan. Effective December 1, 2025 the Plan also allows in-Plan Roth rollover conversions. During the Plan years ended 2025 and 2024, employees rolled in amounts totaling $20,488,612 and $14,050,608, respectively, which are included in participant contributions on the Statements of Changes in Net Assets Available for Benefits. The participating employers contribute to the Plan, on behalf of each participant, an amount equal to 100% of the participant's non-rollover contributions up to 1% of the participant's eligible compensation for each payroll period, plus 70% of the participant's contributions for the next 5% of the participant's eligible compensation for each payroll period, subject to certain limitations. All contributions that are withheld from a participant's pay or are made by the participating employers are deposited in the AEP Retirement Savings 401(k) Plan Trust after each pay period. The Plan, in a manner consistent with the requirements under Section 401 of the Internal Revenue Code (IRC), restricts the amount that certain participants who are deemed highly compensated may contribute to the Plan, provided that it is AEPSC's intent that the Plan include a "qualified automatic contribution arrangement" (as defined in Section 401(k)(13) of the IRC), such that only the after-tax contributions made by such highly compensated participants may be subject to such restrictions.

***Notes Receivable from Participants***

Participants generally may borrow from their plan accounts a minimum of $1,000 but no more than the lesser of $50,000 or 50% of their account balance. Loan terms range from 12 months to 60 months (or up to 180 months for certain residential loans), or any monthly increment in-between. Interest rates, fixed for the life of the loan, are calculated by adding 1% to the prime rate, as reported in the Wall Street Journal as of the first business day of the calendar month in which the loan is taken. Active employees repay principal and interest payments through payroll deductions.

------

Participant loans and the accrued interest are collateralized by the account balance, and upon default, the outstanding balance is subject to income taxes and possible tax penalty. No allowance for credit losses has been recorded at December 31, 2025 or 2024.

***Participant Accounts***

Individual accounts are maintained for each Plan participant. Each participant's account is credited with the participant's contributions, the Company's contributions and investment earnings and losses and charged with benefit payments and allocations of Plan expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant's account.

Participants may transfer the value of their cumulative contributions, in any whole percentage or dollar amount, among investments, and change their investment elections on a daily basis. Participants may change their payroll contribution elections coinciding with the Company's payroll periods.

Participants may make investments in 1% increments among various unitized funds established by the Plan including index funds, bond funds, growth funds, value funds, target date funds, and a stable value fund. The assets of each of the funds are held in the custody of the Trustee, and record-kept at the participant level by Empower Retirement. As the Plan owns the underlying assets of each of these funds, the financial statements present the underlying investments of these unitized funds. In the absence of a participant-directed investment, contributions are invested in a target date fund based on the participant's date of birth which corresponds to an estimated retirement date.

The AEP Stock Fund is an investment option in the Plan. Participants can elect to have dividends generated from their unitized holdings in the AEP Stock Fund paid out in cash, rather than automatically reinvested in the fund. The dividend payouts are made periodically (at least annually) and are treated as ordinary income to the participants for tax purposes.

In addition to the above, the Plan offers a self-directed brokerage account (SDB) option that allows participants to invest in retail mutual funds, exchange traded funds, equities traded on a national securities exchange (other than AEP Stock), preferred stock traded on a national securities exchange and fixed income securities (other than those issued by an affiliate of the Company).

***Vesting and Distribution***

Participants are immediately vested in their pretax, after-tax, Roth 401(k) and the Company contributions, including earnings thereon. Certain matching contributions made to participants of the AEP Energy, Inc. 401(k) Retirement Plan may be only partially vested in accordance with existing vesting positions of this plan. Excluding participants' pretax and Roth 401(k) contributions, profit sharing contributions, and post-2008 Company matching contributions, all participants may make an unlimited number of withdrawals of their interest in the Plan at any time, including their pre-2009 Company matching contributions. Pretax, Roth 401(k) and profit sharing contributions are eligible for withdrawal by participants only after age 59-1/2, or earlier upon hardship (as defined by the Plan), or following termination of employment. Post-2008 Company matching contributions are eligible for withdrawal by participants only after age 59-1/2, or earlier following earlier termination of employment, but not upon hardship.

------

**2. <u>ACCOUNTING POLICIES</u>**

***Basis of Accounting***

The accompanying financial statements are prepared on an accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (GAAP).

&nbsp;&nbsp;&nbsp;&nbsp;

***Investment Valuation and Income Recognition***

Participants direct the investment of their plan accounts among various investment options offered by the Plan. Investments in securities are reported at fair value while fully benefit-responsive investment contracts are reported at contract value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Purchases and sales of securities have been recorded on a trade-date basis. Net appreciation (depreciation) in fair value of investments includes the Plan's gains or losses on investments bought or sold as well as held throughout the year. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date. These amounts are reinvested by the Trustee in the funds that generated such income with the exception of the AEP Stock Fund, which pays or reinvests dividends at the direction of each participant.

***Notes Receivable from Participants***

Notes Receivable from Participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent participant loans are not recorded as distributions until actually distributed based on the terms of the Plan document.

***Administrative and Management Fees***

Administrative and Management Fees incurred relating to Empower Retirement and BNY during 2025 and 2024 totaled $594,376 and $592,677, respectively. The Plan directly pays for administrative, record keeping and management fees. Fees related to the administration of Notes Receivable from Participants are charged directly to the participant's account and are included in administrative fees. Investment related expenses are included in Investment Advisory and Management Fees.

***Distributions to Participants***

Distributions to participants are recorded when paid.

***Use of Estimates***

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein and disclosure of contingent assets. The estimates and assumptions used are based upon management's evaluation of the relevant facts and circumstances as of the date of the financial statements. Actual results could differ from the estimates.

***Fair Value Measurements of Assets***

The accounting guidance for "Fair Value Measurements and Disclosures" establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Plan Administrator staff independently monitors valuation policies and procedures and provides members of the Benefits Finance Committee (BFC) and its Investment Subcommittee (IC) various monthly and quarterly reports, regarding compliance with policies and procedures.

------

The Plan utilizes its Trustee's external pricing service to estimate the fair value of the underlying investments held in the Plan. The Plan's investment managers review and validate the prices utilized by the Trustee to determine fair value. The Plan Administrator performs its own valuation testing to verify the fair values of the securities, in part by reviewing audit reports of the Trustee's operating controls and valuation processes.

Assets in the Plan are classified using the following methods. Equities are classified as Level 1 holdings if they are actively traded on exchanges. Items classified as Level 1 are investments in equity securities, exchange traded funds, certain cash equivalents, such as money market funds, or insured deposit programs and registered investment companies. They are valued based on observable inputs primarily unadjusted quoted prices in active markets for identical assets. Level 2 investments consist of significant other observable inputs other than Level 1 prices, such as quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Investments with unobservable valuation inputs are classified as Level 3 investments. Investments classified as "Other" are valued using Net Asset Value (NAV) as a practical expedient. The practical expedient is not used when it is determined to be probable that the investments will sell for an amount different than the reported NAV. Items classified as Other are primarily common/collective trusts and may include certain cash equivalents, such as money market funds or insured deposit programs. These investments do not have a readily determinable fair value or they contain redemption restrictions which may include the right to suspend redemptions under certain circumstances. Redemption restrictions on common/collective trusts may also prevent certain investments from being redeemed at the reporting date for the underlying value. There are no unfunded commitments for investments in common/collective trusts.

------

**3. <u>PLAN TERMINATION</u>**

Although it has not expressed any intent to do so, AEPSC has the right to take such actions as will allow contributions to the Plan to be discontinued at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, affected participants would be made 100 percent vested in their accounts.

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**4. <u>INVESTMENT CONTRACTS</u>**

The Plan's Managed Income Fund provides a stable value investment option that includes fully benefit-responsive synthetic investment wrap contracts which assure the book value of investments in that fund for Plan participants. The fund's underlying assets, which are held in a trust, utilize wrap contracts issued by four financial institutions as of December 31, 2025 and 2024. The fund's underlying investments, a portfolio owned by the Plan, consist primarily of high quality, intermediate term fixed income securities and guaranteed investment contracts. The contracts provide that participants execute plan transactions at contract value. Contract value represents contributions made to the fund, plus credited interest, less participant withdrawals, without regard to changes in the fair value of the investments and securities underlying the fund. The rates for crediting interest are reset periodically based on market rates of other similar investments, the current yield of the underlying investments and the spread between the market value and contract value. The interest crediting rate cannot be less than 0%. Certain events initiated by the Plan Sponsor, such as a plan termination or a plan merger, would limit the ability of the Plan to administer participant-level transactions at contract value or may allow for the termination of the wrap contract at market value, rather than contract value.

The Plan Sponsor does not believe that any events that may limit the ability of the Plan to transact at contract value are probable as of December 31, 2025 or the date these financial statements are issued.

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**5. <u>RELATED PARTY AND PARTY-IN-INTEREST TRANSACTIONS</u>**

Certain transactions involving the Plan and its assets during 2025 and 2024 involved parties in interest with respect to the Plan, but those transactions were not prohibited transactions under ERISA because of the applicability of one or more exemptions. The exempt party-in-interest transactions involving the Plan included the following: (1) BNY has acted as trustee and custodian under the Plan, while Mellon, an affiliate has acted as an investment manager in connection with the index funds held under the Plan's investment options and (2) Empower Trust Company, LLC has been acting as a trustee and custodian under the Plan, while its affiliates have acted as (a) the Plan's record keeper and (b) investment advisor or investment manager for a number of plan participants with respect to the amounts held in their Plan accounts. Notes receivable from participants held by the Plan are also considered party-in-interest transactions. Certain investments within the self-directed brokerage account are considered party-in-interest transactions.

As of December 31, 2025 and 2024, the Plan held 2,468,439 and 2,754,068 shares, respectively, of common stock of American Electric Power Company, Inc., the parent company of the Plan Sponsor, with a cost basis of $155,820,501 and $165,165,921, respectively. During the year ended December 31, 2025, the Plan acquired 174,947 shares of that common stock with a fair value of $18,839,862 and disposed of 382,880 shares with a fair value of $41,516,019. During the year ended December 31, 2024, the Plan acquired 128,344 shares of that common stock with a fair value of $11,315,945 and disposed of 665,124 shares with a fair value of $39,431,676. During the years ended December 31, 2025 and 2024, the Plan recorded dividend income of $9,650,745 and $11,081,160, respectively, related to its investment in that common stock.

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**6. <u>FAIR VALUE MEASUREMENTS</u>**

For a discussion of fair value accounting and the classification of assets within the fair value hierarchy, see the "Fair Value Measurements of Assets" section of Note 2.

**Plan Assets within the Fair Value Hierarchy as of December 31, 2025**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Other** | **Total** |
|<br>**Equities** | | | | | |
| Corporate Stocks | $455137837 | $— | $— | $— | $455137837 |
| AEP Stock | 284635701 |  |  |  | 284635701 |
| **Subtotal Equities** | 739773538 |  |  |  | 739773538 |
| **Common/Collective Trusts** |  |  |  |  |  |
| Mellon Capital Small Cap Stock Index Fund (a) |  |  |  | 184851859 | 184851859 |
| Mellon Capital Mid Cap Stock Index Fund (a) |  |  |  | 497527654 | 497527654 |
| Mellon Capital Stock Index Fund (a) |  |  |  | 1636050967 | 1636050967 |
| Mellon Capital International Stock Index Fund (a) |  |  |  | 808582002 | 808582002 |
| Mellon Capital Aggregate Bond Index Fund (a) |  |  |  | 563690929 | 563690929 |
| Mellon Capital Treasury Inflation-Protected Securities Fund (a) |  |  |  | 25940172 | 25940172 |
| JPMorgan Strategic Property Fund (a) |  |  |  | 100832017 | 100832017 |
| Mellon Capital Emerging Markets Stock Index Fund (a) |  |  |  | 78733000 | 78733000 |
| William Blair Large Cap Growth I (a) |  |  |  | 220689466 | 220689466 |
| Sands Capital International Growth CIT (a) |  |  |  | 25266348 | 25266348 |
| MetWest Total Return Bond Fund (a) |  |  |  | 65767921 | 65767921 |
| William Blair SMID Cap Growth CIT (a) |  |  |  | 46456678 | 46456678 |
| Conestoga SMID Cap Growth CIT (a) |  |  |  | 46320299 | 46320299 |
| **Subtotal Common/Collective Trusts** |  |  |  | 4300709312 | 4300709312 |
| Self-Directed Brokerage Account (a) | 149520188 |  |  |  | 149520188 |
| Registered Investment Companies | 25678572 |  |  |  | 25678572 |
| Money Market Fund | 33411748 |  |  |  | 33411748 |
| **Total Assets Reflecting Investments at Fair Value** | $948384046 | $— | $— | $4300709312 | $5249093358 |

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(a)Amounts in "Other" column represent investments for which fair value is measured using net asset value per share as practical expedient.

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**Plan Assets within the Fair Value Hierarchy as of December 31, 2024**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Other** | **Total** |
|<br>**Equities** | | | | | |
| Corporate Stocks | $554966516 | $— | $— | $— | $554966516 |
| AEP Stock | 254007692 |  |  |  | 254007692 |
| **Subtotal Equities** | 808974208 |  |  |  | 808974208 |
| **Common/Collective Trusts** |  |  |  |  |  |
| Mellon Capital Small Cap Stock Index Fund (a) |  |  |  | 169951861 | 169951861 |
| Mellon Capital Mid Cap Stock Index Fund (a) |  |  |  | 459321305 | 459321305 |
| Mellon Capital Stock Index Fund (a) |  |  |  | 1429311150 | 1429311150 |
| Mellon Capital International Stock Index Fund (a) |  |  |  | 690699519 | 690699519 |
| Mellon Capital Aggregate Bond Index Fund (a) |  |  |  | 511889594 | 511889594 |
| Mellon Capital Treasury Inflation-Protected Securities Fund (a) |  |  |  | 24183840 | 24183840 |
| JPMorgan Strategic Property Fund (a) |  |  |  | 84071443 | 84071443 |
| Mellon Capital Emerging Markets Stock Index Fund (a) |  |  |  | 65013298 | 65013298 |
| William Blair Large Cap Growth I (a) |  |  |  | 214753054 | 214753054 |
| Sands Capital International Growth CIT (a) |  |  |  | 22073747 | 22073747 |
| MetWest Total Return Bond Fund (a) |  |  |  | 59886326 | 59886326 |
| **Subtotal Common/Collective Trusts** |  |  |  | 3731155137 | 3731155137 |
| Self-Directed Brokerage Account (a) | 107255995 |  |  | 13195992 | 120451987 |
| Registered Investment Companies | 22131794 |  |  |  | 22131794 |
| Money Market Fund | 36776191 |  |  |  | 36776191 |
| **Total Assets Reflecting Investments at Fair Value** | $975138188 | $— | $— | $3744351129 | $4719489317 |

---

(a)Amounts in "Other" column represent investments for which fair value is measured using net asset value per share as practical expedient.

------

The following tables set forth a summary of the Plan's investments measured at Net Asset Value as a practical expedient as of December 31, 2025 and 2024:

**Fair Value Estimated Using Net Asset Value per Share as of December 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
| | **Fair Value** | **Redemption<br>Frequency<br>(If currently<br>eligible)** | **Redemption<br>Notice Period** |
| Mellon Capital Small Cap Stock Index Fund | $184851859 | Daily | Trade Date + 1 |
| Mellon Capital Mid Cap Stock Index Fund | 497527654 | Daily | Trade Date + 1 |
| Mellon Capital Stock Index Fund | 1636050967 | Daily | Trade Date + 1 |
| Mellon Capital International Stock Index Fund | 808582002 | Daily | Trade Date + 1 |
| Mellon Capital Aggregate Bond Index Fund | 563690929 | Daily | Trade Date + 1 |
| Mellon Capital Treasury Inflation-Protected Securities Fund | 25940172 | Daily | Trade Date + 1 |
| JPMorgan Strategic Property Fund | 100832017 | Quarterly | 30 Days |
| Mellon Capital Emerging Markets Stock Index Fund | 78733000 | Daily | Trade Date + 1 |
| William Blair Large Cap Growth I | 220689466 | Daily | Trade Date + 1 |
| Sands Capital International Growth CIT | 25266348 | Daily | Trade Date + 1 |
| MetWest Total Return Bond Fund | 65767921 | Daily | Trade Date + 1 |
| William Blair SMID Cap Growth CIT | 46456678 | Daily | Trade Date - 1 |
| Conestoga SMID Cap Growth CIT | 46320299 | Daily | Trade Date + 1 |
| **Total Assets** | $4300709312 |  |  |

---

**Fair Value Estimated Using Net Asset Value per Share as of December 31, 2024**

---

| | | | |
|:---|:---|:---|:---|
| | **Fair Value** | **Redemption<br>Frequency<br>(If currently<br>eligible)** | **Redemption<br>Notice Period** |
| Mellon Capital Small Cap Stock Index Fund | $169951861 | Daily | Trade Date + 1 |
| Mellon Capital Mid Cap Stock Index Fund | 459321305 | Daily | Trade Date + 1 |
| Mellon Capital Stock Index Fund | 1429311150 | Daily | Trade Date + 1 |
| Mellon Capital International Stock Index Fund | 690699519 | Daily | Trade Date + 1 |
| Mellon Capital Aggregate Bond Index Fund | 511889594 | Daily | Trade Date + 1 |
| Mellon Capital Treasury Inflation-Protected Securities Fund | 24183840 | Daily | Trade Date + 1 |
| JPMorgan Strategic Property Fund | 84071443 | Quarterly | 30 Days |
| Mellon Capital Emerging Markets Stock Index Fund | 65013298 | Daily | Trade Date + 1 |
| William Blair Large Cap Growth I | 214753054 | Daily | Trade Date + 1 |
| Sands Capital International Growth CIT | 22073747 | Daily | Trade Date + 1 |
| MetWest Total Return Bond Fund | 59886326 | Daily | Trade Date + 1 |
| Self-Directed Brokerage Account | 13195992 | Daily | Trade Date + 1 |
| **Total Assets** | $3744351129 |  |  |

---

It is the Plan's policy to record transfers in and transfers out of each level at the end of each reporting period. There have been no transfers between Level 1, Level 2, and Level 3 during the years ended December 31, 2025 and 2024.

------

**7. <u>RISK AND UNCERTAINTIES</u>**

The Plan invests in various investment instruments, and investment securities are exposed to various risks, such as interest rate, credit and market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the financial statements.

------

**8. <u>FEDERAL INCOME TAX</u>**

The IRS has issued a favorable determination letter dated December 8, 2017 with respect to the Plan. A favorable determination letter indicates that, in the opinion of the IRS, the terms of the Plan meet the requirements of Section 401(a) of the IRC, and thereby recognizes the exempt status of the Plan's trust pursuant to Section 501(a) of the IRC.

The Plan has been amended subsequent to the issuance of that IRS determination letter. Plan management believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC and that the Plan's trust continues to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan's financial statements.

The Plan Administrator is required to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more than likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2025, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

------

**9. SUBSEQUENT EVENTS**

The Plan evaluated subsequent events from December 31, 2025 through June 25, 2026, the date these financial statements were issued. The Plan is not aware of any subsequent events that would require recognition or disclosure in the financial statements.

------

**10. <u>RECONCILIATION OF FINANCIAL STATEMENTS TO THE FORM 5500</u>**

The following tables are reconciliations of participant loans and net assets available for benefits per the financial statements to the Form 5500.

---

| | | |
|:---|:---|:---|
| | **January 1,** | **January 1,** |
|<br>**Participant Loans - Schedule H, Part I, Line 1c(8), Column (a)** | **2025** | **2024** |
| Beginning Balance per Financial Statements | $67017058 | $62856728 |
| Less: Loans Deemed Distributed with No Post-Default Payments | (6643113) | (5988759) |
| **Beginning Balance Reported on Form 5500** | $60373945 | $56867969 |

---

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
|<br>**Participant Loans - Schedule H, Part I, Line 1c(8), Column (b)** | **2025** | **2024** |
| Ending Balance per Financial Statements | $69932112 | $67017058 |
| Less: Assets and Activity Related to Loans Deemed Distributed with No Post-Default Payments | (6919406) | (6643113) |
| **Balance Reported on Form 5500** | $63012706 | $60373945 |

---

---

| | | |
|:---|:---|:---|
| | **January 1,** | **January 1,** |
|<br>**Net Assets - Schedule H, Part I, Line 1l, Column (a)** | **2025** | **2024** |
| Beginning Balance per Financial Statements | $5225711126 | $5198721680 |
| Less: Loans Deemed Distributed with No Post-Default Payments | (6643113) | (5988759) |
| **Beginning Balance Reported on Form 5500** | $5219068013 | $5192732921 |

---

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
|<br>**Net Assets - Schedule H, Part I, Line 1l, Column (b)** | **2025** | **2024** |
| Ending Balance per Financial Statements | $5709730610 | $5225711126 |
| Less: Assets and Activity Related to Loans Deemed Distributed with No Post-Default Payments | (6919406) | (6643113) |
| **Balance Reported on Form 5500** | $5702811204 | $5219068013 |

---

---

| | | |
|:---|:---|:---|
| | **December 31,** | **December 31,** |
|<br>**Increase (Decrease) in Net Assets - Schedule H, Part II, Line 2k** | **2025** | **2024** |
| Per Financial Statements | $484019484 | $26989446 |
| Less: Loans Deemed Distributed | (276293) | (654354) |
| **Reported on Form 5500** | $483743191 | $26335092 |

---

------

---

| |
|:---|
| **AEP RETIREMENT SAVINGS 401(K) PLAN** |
| **Plan #002 EIN #13-4922641** |
| **SCHEDULE H, LINE 4I - SCHEDULE OF ASSETS (HELD AT END OF YEAR)** |
| **DECEMBER 31, 2025** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (a) | **(b) Identity of Issuer, Borrower, Lessor or Similar Party** | **(c) Description of Investment** | **Maturity Date** | **Rate of Interest** | **Collateral, Par, or Maturity Value** | **(e) Current Value** |
|  | **MANAGED INCOME FUND** |  |  |  |  |  |
|  | **MONEY MARKET FUND** |  |  |  |  |  |
|  | JP Morgan US Government Money Market |  |  |  |  | $4064985 |
|  | **TOTAL MONEY MARKET FUND** |  |  |  |  | $4064985 |
|  | **U.S. GOVERNMENT SECURITIES** |  |  |  |  |  |
|  | CES MU2 LLC | FIXED | 5/13/2027 | 1.9940% | $240834 | $237488 |
|  | EXIM Bank of the United States | FIXED | 6/30/2027 | 2.4150% | 248768 | 245148 |
|  | Fannie Mae Pool | FIXED | 11/1/2045 | 3.5000% | 772754 | 737136 |
|  | Fannie Mae Pool | FIXED | 2/1/2047 | 3.5000% | 56804 | 53919 |
|  | Fannie Mae Pool | FIXED | 7/1/2056 | 4.0000% | 195195 | 183577 |
|  | Fannie Mae Pool | FIXED | 8/1/2048 | 4.5000% | 241061 | 240022 |
|  | Fannie Mae Pool | FIXED | 11/1/2028 | 1.3900% | 320000 | 299499 |
|  | Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 731734 | 601613 |
|  | Fannie Mae Pool | FIXED | 1/1/2052 | 2.5000% | 1198541 | 1034225 |
|  | Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 554815 | 455875 |
|  | Fannie Mae Pool | FIXED | 2/1/2052 | 2.0000% | 1316050 | 1086249 |
|  | Fannie Mae Pool | FIXED | 8/1/2029 | 4.3700% | 810000 | 823774 |
|  | Fannie Mae Pool | FIXED | 10/1/2029 | 4.0800% | 320000 | 320972 |
|  | Fannie Mae Pool | FIXED | 11/1/2031 | 4.1400% | 360000 | 359749 |
|  | Fannie Mae Pool | FIXED | 1/1/2030 | 4.3000% | 60000 | 60839 |
|  | Fannie Mae Pool | FIXED | 2/1/2030 | 4.2800% | 220000 | 222910 |
|  | Fannie Mae Pool | FIXED | 1/1/2032 | 4.6200% | 1030000 | 1049087 |
|  | Fannie Mae Pool | FIXED | 12/1/2050 | 2.5000% | 2454257 | 2126698 |
|  | Fannie Mae Pool | FIXED | 1/1/2052 | 2.5000% | 590887 | 510616 |
|  | Fannie Mae Pool | FIXED | 7/1/2052 | 4.0000% | 1643879 | 1576565 |
|  | Fannie Mae Pool | FIXED | 10/1/2052 | 5.0000% | 2202795 | 2232550 |
|  | Fannie Mae Pool | FIXED | 4/1/2047 | 3.0000% | 432044 | 393869 |
|  | Fannie Mae Pool | FIXED | 1/1/2035 | 2.5000% | 208179 | 198806 |
|  | Fannie Mae Pool | FIXED | 12/1/2031 | 3.5000% | 297444 | 294112 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fannie Mae Pool | FIXED | 7/1/2047 | 3.5000% | 498653 | 472776 |
| Fannie Mae Pool | FIXED | 9/1/2049 | 3.5000% | 197335 | 185327 |
| Fannie Mae Pool | FIXED | 1/1/2028 | 2.5000% | 43295 | 42814 |
| Fannie Mae Pool | FIXED | 1/1/2046 | 3.5000% | 639963 | 609009 |
| Fannie Mae Pool | FIXED | 2/1/2031 | 3.0000% | 233458 | 229867 |
| Fannie Mae Pool | FIXED | 8/1/2046 | 4.0000% | 210309 | 206273 |
| Fannie Mae Pool | FIXED | 8/1/2056 | 3.5000% | 405098 | 373564 |
| Fannie Mae Pool | FIXED | 7/1/2056 | 4.0000% | 855817 | 809118 |
| Fannie Mae Pool | FIXED | 2/1/2057 | 4.0000% | 368921 | 347617 |
| Fannie Mae Pool | FIXED | 11/1/2040 | 4.0000% | 246877 | 244572 |
| Fannie Mae Pool | FIXED | 2/1/2035 | 2.5000% | 45158 | 43308 |
| Fannie Mae Pool | FIXED | 4/1/2048 | 4.0000% | 55686 | 54073 |
| Fannie Mae Pool | FIXED | 8/1/2047 | 3.5000% | 455454 | 432622 |
| Fannie Mae Pool | FIXED | 9/1/2049 | 3.0000% | 161800 | 145767 |
| Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 766113 | 633876 |
| Fannie Mae Pool | FIXED | 1/1/2029 | 5.0900% | 395000 | 408863 |
| Fannie Mae Pool | FIXED | 3/1/2029 | 4.8800% | 923000 | 949836 |
| Fannie Mae Pool | FIXED | 10/1/2029 | 5.2300% | 610000 | 636795 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3600% | 140000 | 142279 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3400% | 230000 | 233569 |
| Fannie Mae Pool | FIXED | 5/1/2031 | 4.8500% | 480000 | 495299 |
| Fannie Mae Pool | FIXED | 11/1/2030 | 3.9400% | 1140000 | 1133408 |
| Fannie Mae Pool | FIXED | 12/1/2050 | 2.5000% | 3519822 | 3050046 |
| Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 1324141 | 1093547 |
| Fannie Mae Pool | FIXED | 5/1/2052 | 4.0000% | 678702 | 653587 |
| Fannie Mae Pool | FIXED | 10/1/2052 | 4.5000% | 997662 | 987134 |
| Fannie Mae Pool | FIXED | 3/1/2055 | 5.5000% | 293109 | 302454 |
| Fannie Mae Pool | FLOATING | 9/1/2047 | 6.3700% | 10697 | 11186 |
| Fannie Mae Pool | FLOATING | 9/1/2047 | 6.3700% | 4656 | 4839 |
| Fannie Mae Pool | FLOATING | 10/1/2047 | 6.3500% | 12419 | 13019 |
| Fannie Mae Pool | FIXED | 6/1/2056 | 4.5000% | 239757 | 233827 |
| Fannie Mae Pool | FIXED | 6/1/2056 | 4.5000% | 480888 | 471375 |
| Fannie Mae Pool | FIXED | 9/1/2060 | 3.0000% | 815683 | 717235 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fannie Mae Pool | FIXED | 11/1/2046 | 3.5000% | 338700 | 321901 |
| Fannie Mae Pool | FIXED | 7/1/2046 | 3.5000% | 256558 | 244072 |
| Fannie Mae Pool | FIXED | 3/1/2049 | 4.0000% | 560613 | 543574 |
| Fannie Mae Pool | FIXED | 7/1/2049 | 3.5000% | 266029 | 249925 |
| Fannie Mae Pool | FIXED | 5/1/2051 | 4.0000% | 1187740 | 1147215 |
| Fannie Mae Pool | FIXED | 3/1/2051 | 4.0000% | 973107 | 941181 |
| Fannie Mae Pool | FIXED | 6/1/2047 | 4.0000% | 317659 | 309761 |
| Fannie Mae Pool | FIXED | 10/1/2047 | 4.0000% | 580128 | 563389 |
| Fannie Mae Pool | FIXED | 8/1/2056 | 5.0000% | 700081 | 708969 |
| Fannie Mae Pool | FIXED | 2/1/2035 | 2.5000% | 35116 | 33677 |
| Fannie Mae Pool | FIXED | 2/1/2035 | 2.5000% | 50248 | 48189 |
| Fannie Mae Pool | FIXED | 1/1/2051 | 4.5000% | 1089946 | 1071109 |
| Fannie Mae Pool | FIXED | 10/1/2030 | 2.8500% | 1005000 | 954672 |
| Fannie Mae Pool | FIXED | 4/1/2029 | 4.4700% | 650000 | 662392 |
| Fannie Mae Pool | FIXED | 5/1/2031 | 4.5700% | 1250000 | 1272212 |
| Fannie Mae Pool | FIXED | 7/1/2030 | 4.6800% | 957137 | 980912 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.2550% | 50000 | 50613 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3200% | 300000 | 304425 |
| Fannie Mae Pool | FIXED | 1/1/2031 | 4.4500% | 880000 | 894750 |
| Fannie Mae Pool | FIXED | 3/1/2030 | 4.9000% | 720000 | 743897 |
| Fannie Mae Pool | FIXED | 5/1/2031 | 4.7300% | 540000 | 555592 |
| Fannie Mae Pool | FIXED | 12/1/2030 | 5.2400% | 478245 | 499346 |
| Fannie Mae Pool | FIXED | 12/1/2030 | 4.5900% | 1055000 | 1077918 |
| Fannie Mae Pool | FIXED | 6/1/2031 | 4.2350% | 1145000 | 1152184 |
| Fannie Mae Pool | FIXED | 10/1/2027 | 3.0000% | 12831 | 12780 |
| Fannie Mae Pool | FIXED | 11/1/2048 | 4.5000% | 687986 | 686014 |
| Fannie Mae Pool | FIXED | 12/1/2049 | 3.0000% | 363336 | 328542 |
| Fannie Mae Pool | FIXED | 5/1/2052 | 3.0000% | 636267 | 572248 |
| Fannie Mae Pool | FIXED | 5/1/2052 | 3.5000% | 872868 | 820785 |
| Fannie Mae Pool | FIXED | 1/1/2041 | 4.0000% | 41962 | 41674 |
| Fannie Mae Pool | FIXED | 4/1/2041 | 4.0000% | 315950 | 313001 |
| Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 1563102 | 1293290 |
| Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 325079 | 268186 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fannie Mae Pool | FIXED | 12/1/2051 | 2.5000% | 424462 | 366269 |
| Fannie Mae Pool | FIXED | 12/1/2051 | 2.0000% | 715990 | 590386 |
| Fannie Mae Pool | FIXED | 1/1/2052 | 2.0000% | 382938 | 314712 |
| Fannie Mae Pool | FIXED | 1/1/2052 | 2.5000% | 1956230 | 1692482 |
| Fannie Mae Pool | FIXED | 3/1/2055 | 5.5000% | 160645 | 165687 |
| Fannie Mae Pool | FIXED | 5/1/2027 | 3.0000% | 5521 | 5493 |
| Fannie Mae Pool | FLOATING | 3/1/2044 | 6.4810% | 74725 | 78083 |
| Fannie Mae Pool | FLOATING | 5/1/2047 | 6.6090% | 361548 | 378438 |
| Fannie Mae Pool | FLOATING | 4/1/2048 | 6.6200% | 99072 | 103574 |
| Fannie Mae Pool | FLOATING | 5/1/2052 | 3.0750% | 626748 | 611135 |
| Fannie Mae Pool | FLOATING | 6/1/2052 | 2.5430% | 530546 | 510365 |
| Fannie Mae Pool | FLOATING | 9/1/2052 | 3.4810% | 653630 | 644980 |
| Fannie Mae Pool | FLOATING | 10/1/2052 | 4.5700% | 449508 | 454120 |
| Fannie Mae Pool | FIXED | 1/1/2029 | 5.0900% | 530000 | 548601 |
| Fannie Mae Pool | FIXED | 6/1/2026 | 4.0000% | 13812 | 13820 |
| Fannie Mae Pool | FLOATING | 6/1/2045 | 6.3500% | 22583 | 23470 |
| Fannie Mae Pool | FLOATING | 6/1/2047 | 6.2810% | 227130 | 237625 |
| Fannie Mae Pool | FLOATING | 8/1/2052 | 4.5280% | 302937 | 305843 |
| Fannie Mae Pool | FLOATING | 12/1/2052 | 4.8460% | 362421 | 368251 |
| Fannie Mae Pool | FIXED | 10/1/2028 | 5.3800% | 920000 | 958446 |
| Fannie Mae Pool | FIXED | 12/1/2028 | 5.3300% | 640000 | 666755 |
| Fannie Mae Pool | FIXED | 12/1/2028 | 5.1800% | 280000 | 290263 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3200% | 210000 | 213098 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3400% | 160000 | 162482 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3600% | 100000 | 101628 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3000% | 40000 | 40559 |
| Fannie Mae Pool | FLOATING | 8/1/2042 | 6.4300% | 45945 | 48296 |
| Fannie Mae Pool | FIXED | 12/1/2031 | 3.5000% | 467411 | 462176 |
| Fannie Mae Pool | FLOATING | 6/1/2047 | 6.3740% | 158190 | 165318 |
| Fannie Mae Pool | FLOATING | 7/1/2042 | 6.3710% | 83241 | 87421 |
| Fannie Mae Pool | FLOATING | 7/1/2045 | 6.2330% | 157193 | 164228 |
| Fannie Mae Pool | FLOATING | 7/1/2052 | 3.5950% | 283064 | 279319 |
| Fannie Mae Pool | FLOATING | 6/1/2052 | 3.7790% | 582407 | 577696 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fannie Mae Pool | FLOATING | 7/1/2052 | 3.8460% | 751081 | 746150 |
| Fannie Mae Pool | FLOATING | 8/1/2052 | 4.0890% | 410898 | 410579 |
| Fannie Mae Pool | FLOATING | 6/1/2052 | 2.4710% | 455282 | 437630 |
| Fannie Mae Pool | FIXED | 3/1/2028 | 4.7900% | 200000 | 202759 |
| Fannie Mae Pool | FIXED | 10/1/2028 | 4.9200% | 1060000 | 1090747 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.2550% | 30000 | 30368 |
| Fannie Mae Pool | FIXED | 12/1/2029 | 4.3500% | 210000 | 212941 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.3250% | 320000 | 324188 |
| Fannie Mae Pool | FIXED | 12/1/2029 | 4.5150% | 770000 | 784624 |
| Fannie Mae Pool | FIXED | 1/1/2030 | 4.6300% | 300000 | 307195 |
| FN 4.28 MultiFam FWD FEB 2025 | FIXED | 1/1/2030 | 4.8600% | 250000 | 258191 |
| FN 4.28 MultiFam FWD FEB 2025 | FIXED | 1/1/2030 | 4.8600% | 600000 | 619658 |
| FN 4.34 MultiFam FWD JAN 2025 | FIXED | 2/1/2030 | 4.2800% | 160000 | 162117 |
| FN 4.34 MultiFam FWD JAN 2025 | FIXED | 1/1/2033 | 3.9500% | 310000 | 302500 |
| FN 4.62 MultiFam FWD JAN 2025 | FIXED | 1/1/2033 | 3.9700% | 415000 | 405597 |
| FN 4.63 MultiFam FWD JAN 2025 | FIXED | 5/1/2049 | 3.5000% | 196941 | 185462 |
| FN 4.86 MultiFam FWD JAN 2025 | FIXED | 4/1/2047 | 3.5000% | 1087122 | 1034988 |
| FN 4.86 MultiFam FWD JAN 2025 | FIXED | 6/1/2048 | 4.0000% | 764743 | 743673 |
| Freddie Mac Gold Pool | FIXED | 9/1/2047 | 4.0000% | 229636 | 222626 |
| Freddie Mac Gold Pool | FIXED | 8/1/2048 | 4.5000% | 429761 | 428857 |
| Freddie Mac Gold Pool | FIXED | 11/1/2048 | 4.5000% | 537205 | 536741 |
| Freddie Mac Gold Pool | FIXED | 10/1/2045 | 3.5000% | 98690 | 94308 |
| Freddie Mac Gold Pool | FIXED | 8/1/2046 | 3.5000% | 758197 | 720823 |
| Freddie Mac Gold Pool | FIXED | 9/1/2047 | 4.0000% | 511844 | 497689 |
| Freddie Mac Gold Pool | FIXED | 1/1/2048 | 4.0000% | 144561 | 140601 |
| Freddie Mac Gold Pool | FIXED | 11/1/2048 | 4.5000% | 329039 | 328619 |
| Freddie Mac Gold Pool | FIXED | 10/1/2047 | 4.0000% | 353882 | 343857 |
| Freddie Mac Gold Pool | FIXED | 2/1/2047 | 3.5000% | 284093 | 270101 |
| Freddie Mac Gold Pool | FIXED | 12/1/2047 | 3.5000% | 222342 | 211636 |
| Freddie Mac Gold Pool | FIXED | 1/1/2048 | 3.5000% | 260137 | 247139 |
| Freddie Mac Gold Pool | FIXED | 3/1/2048 | 3.5000% | 547988 | 519188 |
| Freddie Mac Gold Pool | FIXED | 5/1/2049 | 3.5000% | 349380 | 329392 |
| Freddie Mac Gold Pool | FIXED | 1/1/2028 | 2.5000% | 48323 | 47702 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Freddie Mac Gold Pool | FIXED | 7/1/2026 | 4.0000% | 10162 | 10178 |
| Freddie Mac Multifam Struct PT Cert | VARIABLE | 1/25/2046 | 5.9851% | 22170 | 22199 |
| Freddie Mac Multifamily Structured PT Cert | FIXED | 9/25/2028 | 4.8500% | 1100000 | 1131947 |
| Freddie Mac Multifamily Structured PT Cert | VARIABLE | 11/25/2054 | 4.9500% | 475067 | 484018 |
| Freddie Mac Multifamily Structured PT Cert | VARIABLE | 8/25/2028 | 4.7400% | 375000 | 383927 |
| Freddie Mac Multifamily Structured PT Cert | FIXED | 10/25/2028 | 4.8600% | 370000 | 380462 |
| Freddie Mac Multifamily Structured PT Certificates | VARIABLE | 5/25/2051 | 1.2347% | 852220 | 846423 |
| Freddie Mac Non Gold Pool | FLOATING | 8/1/2047 | 6.3640% | 23850 | 24932 |
| Freddie Mac Non Gold Pool | FLOATING | 8/1/2045 | 6.3360% | 77424 | 80805 |
| Freddie Mac Non Gold Pool | FLOATING | 7/1/2052 | 3.4930% | 430952 | 422875 |
| Freddie Mac Non Gold Pool | FLOATING | 8/1/2052 | 3.9950% | 578641 | 575049 |
| Freddie Mac Non Gold Pool | FLOATING | 12/1/2052 | 4.8600% | 423301 | 429219 |
| Freddie Mac Non Gold Pool | FLOATING | 10/1/2043 | 6.2960% | 58234 | 60907 |
| Freddie Mac Non Gold Pool | FLOATING | 5/1/2047 | 6.4480% | 186808 | 194498 |
| Freddie Mac Non Gold Pool | FLOATING | 9/1/2047 | 6.3900% | 127691 | 133618 |
| Freddie Mac Non Gold Pool | FLOATING | 6/1/2052 | 4.2550% | 537681 | 538089 |
| Freddie Mac Non Gold Pool | FLOATING | 9/1/2052 | 4.1480% | 238960 | 238261 |
| Freddie Mac Non Gold Pool | FLOATING | 8/1/2045 | 6.3700% | 92777 | 97129 |
| Freddie Mac Non Gold Pool | FLOATING | 9/1/2046 | 6.3900% | 27901 | 29101 |
| Freddie Mac Non Gold Pool | FLOATING | 5/1/2047 | 6.6400% | 107745 | 112014 |
| Freddie Mac Non Gold Pool | FLOATING | 8/1/2048 | 6.3900% | 69991 | 73086 |
| Freddie Mac Non Gold Pool | FLOATING | 6/1/2052 | 3.9480% | 753337 | 748131 |
| Freddie Mac Non Gold Pool | FLOATING | 7/1/2052 | 4.2390% | 549796 | 549789 |
| Freddie Mac Non Gold Pool | FLOATING | 9/1/2052 | 4.0430% | 940954 | 936347 |
| Freddie Mac Non Gold Pool | FLOATING | 9/1/2052 | 4.6970% | 266105 | 268879 |
| Freddie Mac Non Gold Pool | FLOATING | 10/1/2052 | 4.2860% | 363190 | 363477 |
| Freddie Mac Non Gold Pool | FLOATING | 11/1/2052 | 4.5710% | 316497 | 318960 |
| Freddie Mac Pool | FIXED | 9/1/2049 | 3.0000% | 111751 | 100747 |
| Freddie Mac Pool | FIXED | 4/1/2050 | 3.0000% | 589809 | 536248 |
| Freddie Mac Pool | FIXED | 12/1/2051 | 2.0000% | 939544 | 773872 |
| Freddie Mac Pool | FIXED | 1/1/2035 | 2.5000% | 183024 | 174776 |
| Freddie Mac Pool | FIXED | 2/1/2035 | 2.5000% | 64782 | 61705 |
| Freddie Mac Pool | FIXED | 8/1/2049 | 3.5000% | 171476 | 161078 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Freddie Mac Pool | FIXED | 1/1/2055 | 5.5000% | 1172575 | 1214505 |
| Freddie Mac Pool | FIXED | 12/1/2051 | 2.0000% | 523725 | 432881 |
| Freddie Mac Pool | FIXED | 12/1/2051 | 2.0000% | 751396 | 618153 |
| Freddie Mac Pool | FIXED | 1/1/2035 | 2.5000% | 133767 | 127735 |
| Freddie Mac Pool | FIXED | 9/1/2051 | 2.5000% | 365789 | 317409 |
| Freddie Mac Pool | FIXED | 12/1/2051 | 2.5000% | 2494063 | 2164686 |
| Freddie Mac Pool | FIXED | 11/1/2049 | 3.0000% | 2245700 | 2031060 |
| Freddie Mac Pool | FIXED | 1/1/2050 | 3.0000% | 1313567 | 1188004 |
| Freddie Mac Pool | FIXED | 3/1/2052 | 3.0000% | 1316114 | 1183900 |
| Freddie Mac Pool | FIXED | 11/1/2051 | 2.5000% | 819712 | 709206 |
| Freddie Mac Pool | FIXED | 11/1/2051 | 2.5000% | 112314 | 97159 |
| Freddie Mac Pool | FIXED | 12/1/2051 | 2.5000% | 482547 | 416393 |
| Freddie Mac Pool | FIXED | 2/1/2052 | 2.5000% | 1338094 | 1156328 |
| Freddie Mac Pool | FIXED | 1/1/2052 | 2.0000% | 2363792 | 1957859 |
| GNMA | FLOATING | 10/20/2065 | 4.7641% | 275853 | 276668 |
| GNMA | FIXED | 5/20/2040 | 4.5000% | 9786 | 9832 |
| GNMA | FLOATING | 12/20/2066 | 5.1141% | 517505 | 521681 |
| Government National Mortgage Association | FLOATING | 1/20/2069 | 4.8341% | 759003 | 762231 |
| Rimon LLC | FIXED | 6/25/2026 | 2.6230% | 64130 | 63721 |
| SBA Small Business Investment Cos | FIXED | 3/10/2029 | 3.1130% | 262165 | 258699 |
| SBA Small Business Investment Cos | FIXED | 3/10/2031 | 1.6670% | 654359 | 604239 |
| SBA Small Business Investment Cos | FIXED | 3/10/2032 | 2.9380% | 2170116 | 2093750 |
| SBA Small Business Investment Cos | FIXED | 9/10/2031 | 1.3040% | 1202250 | 1076421 |
| SBA Small Business Investment Cos | FIXED | 3/10/2035 | 4.9630% | 710000 | 732725 |
| SBA Small Business Investment Cos | FIXED | 3/10/2030 | 2.0780% | 764447 | 729832 |
| SBA Small Business Investment Cos | FIXED | 9/10/2028 | 3.5480% | 332784 | 332818 |
| SBA Small Business Investment Cos | FIXED | 3/10/2026 | 2.5070% | 542170 | 545160 |
| SBA Small Business Investment Cos | FIXED | 9/10/2027 | 2.5180% | 132561 | 130526 |
| SBA Small Business Investment Cos | FIXED | 3/10/2033 | 5.1680% | 354799 | 368525 |
| SBA Small Business Investment Cos | FIXED | 9/10/2033 | 5.6880% | 2730257 | 2861915 |
| SBA Small Business Investment Cos | FIXED | 3/10/2035 | 4.9630% | 455000 | 469563 |
| SBA Small Business Investment Cos | FIXED | 3/10/2034 | 5.0350% | 199441 | 205552 |
| Seasoned Credit Risk Transfer Trust | FIXED | 9/25/2060 | 2.5000% | 351477 | 328413 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Seasoned Credit Risk Transfer Trust Series 2018-2 | FIXED | 11/25/2057 | 3.5000% | 100011 | 98625 |
| Seasoned Credit Risk Transfer Trust Series 2018-3 | VARIABLE | 8/25/2057 | 3.5000% | 83236 | 81969 |
| Seasoned Credit Risk Transfer Trust Series 2019-1 | FIXED | 7/25/2058 | 4.0000% | 372851 | 358965 |
| Seasoned Credit Risk Transfer Trust Series 2019-2 | FIXED | 8/25/2058 | 4.0000% | 434628 | 415753 |
| Seasoned Credit Risk Transfer Trust Series 2019-3 | FIXED | 10/25/2058 | 4.0000% | 266695 | 253455 |
| Seasoned Credit Risk Transfer Trust Series 2020-2 | FIXED | 11/25/2059 | 2.5000% | 396137 | 352796 |
| Seasoned Credit Risk Transfer Trust Series 2020-3 | FIXED | 5/25/2060 | 2.5000% | 171531 | 160835 |
| Seasoned Credit Risk Transfer Trust Series 2020-3 | FIXED | 5/25/2060 | 2.5000% | 172036 | 150702 |
| United States Small Business Administration | FIXED | 12/1/2047 | 4.7100% | 1160370 | 1168449 |
| United States Small Business Administration | FIXED | 12/1/2048 | 5.2800% | 1578360 | 1627233 |
| United States Small Business Administration | FIXED | 4/1/2049 | 5.3800% | 653952 | 683837 |
| United States Small Business Administration | FIXED | 9/1/2049 | 4.4500% | 353856 | 353138 |
| United States Small Business Administration | FIXED | 11/1/2047 | 5.1300% | 696891 | 718292 |
| United States Small Business Administration | FIXED | 2/1/2030 | 4.1400% | 69351 | 70508 |
| United States Small Business Administration | FIXED | 1/1/2049 | 5.0500% | 748912 | 778537 |
| United States Small Business Administration | FIXED | 7/1/2038 | 3.5400% | 385776 | 379194 |
| United States Small Business Administration | FIXED | 8/1/2047 | 3.8000% | 393569 | 379619 |
| United States Small Business Administration | FIXED | 2/1/2048 | 4.6100% | 3786442 | 3829749 |
| United States Small Business Administration | FIXED | 11/1/2032 | 2.0900% | 100278 | 94641 |
| United States Small Business Administration | FIXED | 6/1/2037 | 2.8100% | 212107 | 200770 |
| United States Small Business Administration | FIXED | 6/1/2038 | 3.6000% | 257714 | 249964 |
| United States Small Business Administration | FIXED | 6/1/2047 | 4.0100% | 1721924 | 1663126 |
| United States Small Business Administration | FIXED | 7/1/2037 | 2.9800% | 168582 | 162076 |
| United States Small Business Administration | FIXED | 2/1/2030 | 4.1400% | 69351 | 70508 |
| United States Treasury Note/Bond | FIXED | 5/31/2032 | 4.1250% | 2665000 | 2713389 |
| United States Treasury Note/Bond | FIXED | 8/15/2035 | 4.2500% | 2910000 | 2983995 |
| United States Treasury Note/Bond | FIXED | 11/30/2031 | 4.1250% | 4765000 | 4860083 |
| United States Treasury Note/Bond | FIXED | 12/31/2027 | 3.3750% | 1120000 | 1118091 |
| United States Treasury Note/Bond | FIXED | 2/15/2035 | 4.6250% | 1740000 | 1840200 |
| United States Treasury Note/Bond | FIXED | 11/15/2034 | 4.2500% | 4070000 | 4143492 |
| United States Treasury Note/Bond | FIXED | 5/15/2035 | 4.2500% | 755000 | 767070 |
| United States Treasury Note/Bond | FIXED | 11/30/2027 | 3.3750% | 4530000 | 4535300 |
| United States Treasury Note/Bond | FIXED | 11/30/2030 | 3.5000% | 6380000 | 6341311 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| United States Treasury Note/Bond | FIXED | 11/15/2035 | 4.0000% | 1130000 | 1122097 |
| United States Treasury Note/Bond | FIXED | 9/15/2028 | 3.3750% | 7885000 | 7934518 |
| United States Treasury Note/Bond | FIXED | 8/15/2028 | 3.6250% | 3500000 | 3557768 |
| United States Treasury Note/Bond | FIXED | 10/15/2028 | 3.5000% | 4705000 | 4736980 |
| United States Treasury Note/Bond | FIXED | 11/15/2028 | 3.5000% | 5365000 | 5385190 |
| United States Treasury Note/Bond | FIXED | 12/15/2028 | 3.5000% | 5395000 | 5399604 |
| **TOTAL U.S. GOVERNMENT SECURITIES** |  |  |  |  | $185204363 |
| **CORPORATE DEBT INSTRUMENTS - PREFERRED** |  |  |  |  |  |
| Advocate Health & Hospitals Corp | FIXED | 8/15/2028 | 3.8290% | $325000 | $329185 |
| Alabama Federal Aid Highway Finance Authority | FIXED | 9/1/2027 | 1.5470% | 300000 | 291488 |
| Ameren Illinois Co | FIXED | 9/1/2032 | 3.8500% | 300000 | 292329 |
| American Express Co | VARIABLE | 1/30/2031 | 5.0850% | 140000 | 147394 |
| American Express Co | VARIABLE | 4/25/2031 | 5.0160% | 140000 | 145683 |
| American Express Co | VARIABLE | 10/30/2031 | 6.4890% | 50000 | 55195 |
| American Express Co | VARIABLE | 2/16/2028 | 5.0980% | 120000 | 123713 |
| American Express Co | VARIABLE | 7/26/2028 | 5.0430% | 80000 | 83098 |
| American Express Co | VARIABLE | 7/20/2029 | 4.3510% | 50000 | 51325 |
| Ascension Health | FIXED | 11/15/2029 | 2.5320% | 672000 | 637902 |
| Ascension Health | FIXED | 11/15/2035 | 4.9230% | 125000 | 126063 |
| Ascension Health | FIXED | 11/15/2028 | 4.0780% | 275000 | 277344 |
| Bank of America Corp | VARIABLE | 6/14/2029 | 2.0870% | 600000 | 573117 |
| Bank of America Corp | VARIABLE | 5/9/2029 | 4.6230% | 190000 | 193849 |
| Bank of America Corp | VARIABLE | 1/24/2031 | 5.1620% | 160000 | 168906 |
| Bank of America Corp | VARIABLE | 4/22/2032 | 2.6870% | 270000 | 249407 |
| Bank of America Corp | VARIABLE | 7/21/2028 | 3.5930% | 330000 | 333035 |
| Bank of America Corp | VARIABLE | 12/20/2028 | 3.4190% | 330000 | 326590 |
| Bank of America Corp | VARIABLE | 4/27/2028 | 4.3760% | 240000 | 242850 |
| Bank of America Corp | VARIABLE | 1/24/2029 | 4.9790% | 260000 | 270584 |
| Bank of America Corp | VARIABLE | 5/9/2029 | 4.6230% | 60000 | 61216 |
| Bank of Montreal | VARIABLE | 9/22/2031 | 4.3500% | 115000 | 116322 |
| Bank of Montreal | VARIABLE | 9/10/2030 | 4.6400% | 280000 | 287734 |
| Bank of Montreal | VARIABLE | 1/27/2029 | 5.0040% | 160000 | 166501 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| \* | Bank of New York Mellon/The | VARIABLE | 4/20/2029 | 4.7290% | 250000 | 256447 |
|  | Bank of Nova Scotia/The | FIXED | 2/1/2030 | 4.8500% | 50000 | 52211 |
|  | Bank of Nova Scotia/The | VARIABLE | 9/15/2031 | 4.3380% | 95000 | 95960 |
|  | Bank of Nova Scotia/The | VARIABLE | 2/14/2031 | 5.1300% | 230000 | 241650 |
|  | Bank of Nova Scotia/The | VARIABLE | 2/14/2029 | 4.9320% | 290000 | 301083 |
|  | Bank of Nova Scotia/The | VARIABLE | 9/8/2028 | 4.4040% | 160000 | 163053 |
|  | Bank of Nova Scotia/The | VARIABLE | 9/15/2028 | 4.0430% | 65000 | 65788 |
|  | BHP Billiton Finance USA Ltd | FIXED | 2/21/2030 | 5.0000% | 290000 | 304702 |
|  | BHP Billiton Finance USA Ltd | FIXED | 9/8/2028 | 5.1000% | 70000 | 73277 |
|  | BMW US Capital LLC | FIXED | 8/13/2029 | 4.6500% | 170000 | 175179 |
|  | BMW US Capital LLC | FIXED | 8/11/2030 | 4.5000% | 60000 | 61396 |
|  | BMW US Capital LLC | FIXED | 3/21/2030 | 5.0500% | 65000 | 67690 |
|  | BMW US Capital LLC | FIXED | 3/21/2028 | 4.7500% | 110000 | 113082 |
|  | BMW US Capital LLC | FIXED | 8/14/2028 | 3.9500% | 110000 | 111416 |
|  | BPCE SA | FIXED | 1/11/2028 | 3.2500% | 250000 | 249721 |
|  | Cedars-Sinai Health System | FIXED | 8/15/2031 | 2.2880% | 250000 | 227731 |
|  | CenterPoint Energy Houston Electric LLC | FIXED | 10/1/2032 | 4.4500% | 340000 | 342918 |
|  | CenterPoint Energy Houston Electric LLC | FIXED | 10/1/2028 | 5.2000% | 140000 | 146412 |
|  | CenterPoint Energy Houston Electric LLC | FIXED | 3/15/2030 | 4.8000% | 80000 | 83123 |
|  | CHRISTUS Health | FIXED | 7/1/2028 | 4.3410% | 400000 | 410274 |
|  | City of Charlotte NC | FIXED | 6/1/2028 | 4.1690% | 290000 | 294227 |
|  | City of New York NY | FIXED | 2/1/2027 | 4.5420% | 145000 | 149033 |
|  | CLEVELAND CLINIC HEALTH SYSTEM | FIXED | 1/1/2031 | 2.7850% | 790000 | 757219 |
|  | Commonwealth of Massachusetts | FIXED | 7/15/2031 | 4.1100% | 148364 | 151133 |
|  | Connecticut Light and Power Co/The | FIXED | 1/15/2030 | 4.9500% | 200000 | 209885 |
|  | Connecticut Light and Power Co/The | FIXED | 7/1/2031 | 2.0500% | 140000 | 125937 |
|  | Connecticut Light and Power Co/The | FIXED | 1/15/2030 | 4.9500% | 220000 | 230874 |
|  | Consumers 2023 Securitization Funding LLC | FIXED | 9/1/2030 | 5.2100% | 460000 | 482385 |
|  | Corebridge Global Funding | FIXED | 1/12/2029 | 5.2000% | 320000 | 336234 |
|  | Corebridge Global Funding | FIXED | 9/19/2028 | 5.9000% | 200000 | 212293 |
|  | Corebridge Global Funding | FIXED | 8/21/2028 | 4.2500% | 90000 | 91642 |
|  | Corebridge Global Funding | FIXED | 9/19/2028 | 5.9000% | 150000 | 159220 |
|  | Cornell University | FIXED | 6/15/2035 | 4.7330% | 310000 | 312144 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Cornell University | FIXED | 6/15/2030 | 4.1690% | 155000 | 156023 |
| County of Bexar TX | FIXED | 6/15/2031 | 2.0210% | 390000 | 351421 |
| Dominion Energy South Carolina Inc | FIXED | 12/1/2031 | 2.3000% | 250000 | 223783 |
| DTE Electric Securitization Funding II LLC | FIXED | 3/1/2032 | 5.9700% | 335935 | 363151 |
| Duke Energy Carolinas LLC | FIXED | 3/15/2032 | 2.8500% | 300000 | 277651 |
| Duke Energy Carolinas LLC | FIXED | 8/15/2029 | 2.4500% | 160000 | 153060 |
| Duke Energy Florida LLC | FIXED | 12/1/2030 | 4.2000% | 35000 | 35193 |
| Duke Energy Progress LLC | FIXED | 4/1/2032 | 3.4000% | 250000 | 238883 |
| Evergy Metro Inc | FIXED | 6/1/2030 | 2.2500% | 280000 | 258924 |
| Goldman Sachs Group Inc | VARIABLE | 7/23/2030 | 5.0490% | 130000 | 136177 |
| Goldman Sachs Group Inc/The | VARIABLE | 9/10/2027 | 1.5420% | 460000 | 454172 |
| Goldman Sachs Group Inc/The | VARIABLE | 2/24/2028 | 2.6400% | 150000 | 149071 |
| Goldman Sachs Group Inc/The | VARIABLE | 8/23/2028 | 4.4820% | 240000 | 245541 |
| Goldman Sachs Group Inc/The | VARIABLE | 9/10/2027 | 1.5420% | 450000 | 444299 |
| Goldman Sachs Group Inc/The | VARIABLE | 2/24/2028 | 2.6400% | 140000 | 139133 |
| Indianapolis Power & Light Co | FIXED | 8/15/2035 | 5.0500% | 300000 | 308237 |
| Johns Hopkins Health System Corp/The | FIXED | 1/1/2030 | 2.4200% | 260000 | 245324 |
| JPMorgan Chase & Co | VARIABLE | 7/22/2030 | 4.9950% | 460000 | 482746 |
| JPMorgan Chase & Co | VARIABLE | 12/5/2029 | 4.4520% | 310000 | 314256 |
| JPMorgan Chase & Co | VARIABLE | 7/23/2029 | 4.2030% | 120000 | 122586 |
| JPMorgan Chase & Co | VARIABLE | 6/14/2030 | 4.5650% | 120000 | 121742 |
| JPMorgan Chase & Co | VARIABLE | 7/22/2028 | 4.9790% | 110000 | 114079 |
| JPMorgan Chase & Co | VARIABLE | 7/25/2028 | 4.8510% | 40000 | 41360 |
| JPMorgan Chase & Co | VARIABLE | 1/23/2028 | 5.0400% | 220000 | 227163 |
| JPMorgan Chase & Co | VARIABLE | 1/24/2029 | 4.9150% | 140000 | 145649 |
| JPMorgan Chase & Co | VARIABLE | 4/26/2028 | 4.3230% | 50000 | 50602 |
| JPMorgan Chase & Co | VARIABLE | 4/22/2028 | 5.5710% | 290000 | 298896 |
| JPMorgan Chase & Co | VARIABLE | 6/1/2028 | 2.1820% | 350000 | 342002 |
| Leland Stanford Junior University/The | FIXED | 8/1/2030 | 4.1460% | 765000 | 782000 |
| Louisiana Local Govt Env Fac. & Comm Dev Auth | FIXED | 2/1/2031 | 4.1450% | 600000 | 610831 |
| Louisiana Local Govt Env Fac. & Comm Dev Auth | FIXED | 6/1/2031 | 5.0810% | 296995 | 303866 |
| Louisiana Local Govt Env Fac. & Comm Dev Auth | FIXED | 2/1/2027 | 3.6150% | 242783 | 245792 |
| Mars Inc | FIXED | 3/1/2030 | 4.8000% | 280000 | 290805 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Mars Inc | FIXED | 3/1/2032 | 5.0000% | 80000 | 83910 |
| Mars Inc | FIXED | 3/1/2028 | 4.6000% | 170000 | 174981 |
| MassMutual Global Funding II | FIXED | 10/22/2027 | 4.3000% | 200000 | 203017 |
| MassMutual Global Funding II | FIXED | 5/30/2029 | 5.1500% | 200000 | 206968 |
| Mercedes-Benz Finance North America LLC | FIXED | 8/3/2028 | 5.1000% | 150000 | 157130 |
| Mercedes-Benz Finance North America LLC | FIXED | 1/11/2029 | 4.8500% | 150000 | 156340 |
| Mercedes-Benz Finance North America LLC | FIXED | 8/1/2027 | 4.7500% | 250000 | 258021 |
| Merck & Co Inc | FIXED | 3/15/2031 | 4.1500% | 245000 | 245312 |
| Meta Platforms Inc | FIXED | 11/15/2030 | 4.2000% | 40000 | 40408 |
| Metropolitan Life Global Funding I | FIXED | 3/21/2029 | 3.3000% | 170000 | 167260 |
| MidAmerican Energy Co | FIXED | 4/15/2029 | 3.6500% | 210000 | 209255 |
| Mid-Atlantic Interstate Transmission LLC | FIXED | 5/15/2028 | 4.1000% | 200000 | 201227 |
| Morgan Stanley | VARIABLE | 10/18/2030 | 4.6540% | 250000 | 255546 |
| Morgan Stanley | VARIABLE | 1/15/2031 | 5.2300% | 135000 | 142622 |
| Morgan Stanley | VARIABLE | 1/16/2030 | 5.1730% | 180000 | 189166 |
| Morgan Stanley | VARIABLE | 1/21/2028 | 2.4750% | 100000 | 99476 |
| Morgan Stanley | VARIABLE | 7/20/2029 | 5.4490% | 110000 | 116258 |
| Morgan Stanley | VARIABLE | 7/19/2030 | 5.0420% | 130000 | 136356 |
| Morgan Stanley | VARIABLE | 4/17/2031 | 5.1920% | 250000 | 260641 |
| Morgan Stanley | VARIABLE | 4/20/2028 | 4.2100% | 310000 | 313312 |
| Morgan Stanley | VARIABLE | 4/13/2028 | 5.6520% | 80000 | 82565 |
| Morgan Stanley | VARIABLE | 5/4/2027 | 1.5930% | 110000 | 109324 |
| Morgan Stanley | VARIABLE | 1/21/2028 | 2.4750% | 370000 | 368060 |
| Morgan Stanley | VARIABLE | 4/12/2029 | 4.9940% | 80000 | 82486 |
| Morgan Stanley Bank NA | VARIABLE | 1/14/2028 | 4.9520% | 310000 | 320049 |
| Morgan Stanley Bank NA | VARIABLE | 7/14/2028 | 4.9680% | 250000 | 259293 |
| Mutual of Omaha Cos Global Funding | FIXED | 10/15/2029 | 4.7500% | 110000 | 112899 |
| Mutual of Omaha Cos Global Funding | FIXED | 12/12/2028 | 5.4500% | 300000 | 311336 |
| Mutual of Omaha Cos Global Funding | FIXED | 4/9/2027 | 5.3500% | 235000 | 241398 |
| Mutual of Omaha Cos Global Funding | FIXED | 6/9/2028 | 4.5140% | 50000 | 50609 |
| Mutual of Omaha Cos Global Funding | FIXED | 12/12/2028 | 5.4500% | 100000 | 103779 |
| New York Hospital for Special Surgery | FIXED | 4/1/2028 | 3.7370% | 80000 | 80197 |
| NLG Global Funding | FIXED | 1/23/2030 | 5.4000% | 230000 | 242077 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| NLG Global Funding | FIXED | 9/15/2030 | 4.3500% | 115000 | 115113 |
| North Dakota Public Finance Authority | FIXED | 12/1/2030 | 4.0500% | 250000 | 251281 |
| Northwestern Mutual Global Funding | FIXED | 4/4/2029 | 3.3000% | 220000 | 215459 |
| Nuveen LLC | FIXED | 11/1/2028 | 4.0000% | 180000 | 181278 |
| NYC Transitional Fin Auth Future Tax Secured Rev | FIXED | 11/1/2026 | 3.8950% | 250000 | 250140 |
| OhioHealth Corp | FIXED | 11/15/2031 | 2.2970% | 325000 | 292899 |
| Oklahoma Development Finance Authority | FIXED | 2/1/2032 | 4.2850% | 65716 | 66672 |
| Oklahoma Development Finance Authority | FIXED | 12/1/2033 | 4.1350% | 206771 | 206272 |
| Oklahoma Development Finance Authority | FIXED | 5/1/2032 | 3.8770% | 328252 | 324885 |
| Oncor Electric Delivery Co LLC | FIXED | 6/1/2032 | 4.1500% | 500000 | 491733 |
| Oncor Electric Delivery Co LLC | FIXED | 11/1/2029 | 4.6500% | 370000 | 379150 |
| Oncor Electric Delivery Co LLC | FIXED | 11/15/2028 | 3.7000% | 120000 | 119807 |
| Orlando Health Obligated Group | FIXED | 10/1/2028 | 3.7770% | 225000 | 224617 |
| PNC Bank NA | FIXED | 10/22/2029 | 2.7000% | 250000 | 237553 |
| President and Fellows of Harvard College | FIXED | 3/15/2030 | 4.8870% | 80000 | 83728 |
| President and Fellows of Harvard College | FIXED | 3/15/2030 | 4.8870% | 100000 | 104660 |
| Principal Life Global Funding II | FIXED | 1/25/2029 | 5.1000% | 290000 | 303525 |
| Principal Life Global Funding II | FIXED | 8/19/2027 | 4.6000% | 310000 | 318179 |
| Principal Life Global Funding II | FIXED | 8/18/2028 | 4.2500% | 100000 | 101951 |
| Prologis LP | FIXED | 1/15/2031 | 4.7500% | 50000 | 52705 |
| Protective Life Global Funding | FIXED | 7/6/2027 | 4.7140% | 150000 | 155051 |
| Protective Life Global Funding | FIXED | 9/13/2027 | 4.3350% | 150000 | 152966 |
| Public Service Co of New Hampshire | FIXED | 7/1/2028 | 4.4000% | 290000 | 299431 |
| Puget Sound Energy Inc | FIXED | 6/15/2034 | 5.3300% | 220000 | 227338 |
| Royal Bank of Canada | VARIABLE | 2/4/2031 | 5.1530% | 100000 | 105159 |
| Royal Bank of Canada | VARIABLE | 10/18/2030 | 4.6500% | 280000 | 286763 |
| Royal Bank of Canada | VARIABLE | 1/24/2029 | 4.9650% | 380000 | 395371 |
| Royal Bank of Canada | VARIABLE | 10/18/2028 | 4.5220% | 250000 | 254769 |
| San Diego Community College District | FIXED | 8/1/2033 | 2.3830% | 675000 | 602282 |
| Stanford Health Care | FIXED | 8/15/2030 | 3.3100% | 325000 | 318460 |
| State of Hawaii | FIXED | 8/1/2029 | 1.8920% | 685000 | 645834 |
| State of Oregon | FIXED | 6/1/2027 | 5.8920% | 344934 | 352219 |
| State of Texas | FIXED | 4/1/2033 | 4.6310% | 500000 | 504794 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| State Street Corp | VARIABLE | 2/7/2033 | 2.6230% | 110000 | 100642 |
| State Street Corp | VARIABLE | 2/7/2028 | 2.2030% | 240000 | 237776 |
| State Street Corp | VARIABLE | 2/20/2029 | 4.5300% | 180000 | 185318 |
| Texas Natural Gas Securitization Finance Corp | FIXED | 4/1/2035 | 5.1020% | 715898 | 744036 |
| Toronto-Dominion Bank/The | FIXED | 1/31/2028 | 4.8610% | 290000 | 300746 |
| Toronto-Dominion Bank/The | FIXED | 6/2/2028 | 4.5740% | 250000 | 254101 |
| Toyota Motor Credit Corp | FIXED | 3/21/2031 | 5.1000% | 100000 | 105393 |
| Trinity Health | FIXED | 12/1/2034 | 3.0840% | 620000 | 568912 |
| Truist Bank | VARIABLE | 7/24/2028 | 4.4200% | 250000 | 256304 |
| UBS Group AG | VARIABLE | 8/10/2027 | 1.4940% | 280000 | 277186 |
| UBS Group AG | VARIABLE | 2/11/2033 | 2.7460% | 200000 | 181737 |
| UBS Group AG | FIXED | 3/23/2028 | 4.2530% | 200000 | 202370 |
| UBS Group AG | VARIABLE | 8/10/2027 | 1.4940% | 220000 | 217789 |
| UBS Group AG | VARIABLE | 5/12/2028 | 4.7510% | 200000 | 202938 |
| UnitedHealth Group Inc | FIXED | 12/15/2028 | 3.8750% | 100000 | 100134 |
| UnitedHealth Group Inc | FIXED | 1/15/2029 | 4.2500% | 80000 | 82216 |
| US Bancorp | VARIABLE | 1/23/2030 | 5.3840% | 160000 | 169596 |
| US Bancorp | VARIABLE | 7/23/2030 | 5.1000% | 150000 | 157955 |
| US Bancorp | VARIABLE | 10/21/2033 | 5.8500% | 40000 | 43353 |
| US Bancorp | VARIABLE | 7/22/2028 | 4.5480% | $210000 | $215988 |
| US Bank NA/Cincinnati OH | VARIABLE | 5/15/2028 | 4.7300% | $250000 | $254083 |
| Virginia Power Fuel Securitization LLC | FIXED | 5/1/2031 | 4.8770% | $485000 | $500279 |
| Virginia Power Fuel Securitization LLC | FIXED | 5/1/2031 | 4.8770% | $225000 | $232088 |
| Voya Global Funding | FIXED | 11/24/2030 | 4.6000% | $45000 | $45471 |
| Wells Fargo & Co | VARIABLE | 1/24/2031 | 5.2440% | $115000 | $121790 |
| Wells Fargo & Co | VARIABLE | 1/23/2030 | 5.1980% | $200000 | $210683 |
| Wells Fargo & Co | VARIABLE | 7/25/2029 | 5.5740% | $140000 | $148441 |
| Wells Fargo & Co | VARIABLE | 3/2/2033 | 3.3500% | $460000 | $435009 |
| Wells Fargo & Co | VARIABLE | 7/25/2028 | 4.8080% | $330000 | $340625 |
| Wells Fargo & Co | VARIABLE | 3/24/2028 | 3.5260% | $320000 | $320992 |
| Wells Fargo & Co | VARIABLE | 1/24/2028 | 4.9000% | $100000 | $102987 |
| Wells Fargo & Co | VARIABLE | 4/23/2029 | 4.9700% | $200000 | $205665 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Wells Fargo & Co | VARIABLE | 1/23/2030 | 5.1980% | $130000 | $136944 |
| Williamsburg Economic Development Authority | FIXED | 11/1/2035 | 4.9570% | $95000 | $96121 |
| Yale University | FIXED | 4/15/2032 | 4.7010% | $335000 | $348288 |
| **TOTAL CORPORATE DEBT INSTRUMENTS - PREFERRED** |  |  |  |  | $43987865 |
| **CORPORATE DEBT INSTRUMENTS - ALL OTHER** |  |  |  |  |  |
| Agilent Technologies Inc | FIXED | 9/9/2027 | 4.2000% | 190000 | 193473 |
| Agree LP | FIXED | 6/15/2028 | 2.0000% | 150000 | 143100 |
| ALA Trust 2025-OANA | FLOATING | 6/15/2040 | 5.4936% | 370000 | 372347 |
| ALA Trust 2025-OANA | FLOATING | 6/15/2040 | 5.4936% | 160000 | 161015 |
| Albemarle Corp | FIXED | 6/1/2027 | 4.6500% | 200000 | 202059 |
| Albemarle Corp | FIXED | 6/1/2027 | 4.6500% | 130000 | 131338 |
| Alexandria Real Estate Equities Inc | FIXED | 7/1/2030 | 4.7000% | 130000 | 133892 |
| Alexandria Real Estate Equities Inc | FIXED | 7/30/2029 | 4.5000% | 80000 | 81602 |
| Alliant Energy Finance LLC | FIXED | 6/6/2027 | 5.4000% | 200000 | 203482 |
| Ally Auto Receivables Trust 2024-1 | FIXED | 12/15/2028 | 5.0800% | 317301 | 320151 |
| Ally Auto Receivables Trust 2024-2 | FIXED | 7/16/2029 | 4.1400% | 263446 | 264362 |
| Ally Auto Receivables Trust 2025-1 | FIXED | 3/15/2030 | 3.9600% | 320000 | 321586 |
| American Express Credit Account Master Trust | FIXED | 4/15/2029 | 5.2300% | 930000 | 949784 |
| American Express Credit Account Master Trust | FIXED | 7/15/2030 | 4.3000% | 410000 | 416216 |
| American Express Credit Account Master Trust | FIXED | 4/15/2030 | 4.2800% | 265000 | 268586 |
| American Honda Finance Corp | FIXED | 3/5/2030 | 4.8000% | 190000 | 197194 |
| American Honda Finance Corp | FIXED | 9/5/2029 | 4.4000% | 230000 | 235853 |
| American Honda Finance Corp | FIXED | 7/9/2027 | 4.9000% | 60000 | 62222 |
| American Honda Finance Corp | FIXED | 3/3/2028 | 4.5500% | 190000 | 194859 |
| American Honda Finance Corp | FIXED | 1/12/2028 | 4.7000% | 150000 | 155385 |
| American International Group Inc | FIXED | 5/7/2030 | 4.8500% | 70000 | 72298 |
| Americredit Automobile Receivables Trust 2023-1 | FIXED | 11/18/2027 | 5.6200% | 152110 | 152869 |
| AmeriCredit Automobile Receivables Trust 2024-1 | FIXED | 1/18/2029 | 5.4300% | 119746 | 120886 |
| AMEX Credit Account Master Trust 2024-3 | FIXED | 7/15/2029 | 4.6500% | 615000 | 624736 |
| Amrize Finance US LLC | FIXED | 4/7/2030 | 4.9500% | 180000 | 186270 |
| Amrize Finance US LLC | FIXED | 4/7/2027 | 4.6000% | 70000 | 71221 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Amrize Finance US LLC | FIXED | 4/7/2028 | 4.7000% | 110000 | 112512 |
| Anglo American Capital PLC | FIXED | 9/10/2030 | 2.6250% | 350000 | 325771 |
| Anglo American Capital PLC | FIXED | 4/10/2027 | 4.7500% | 200000 | 203690 |
| Aon Corp / Aon Global Holdings PLC | FIXED | 3/1/2029 | 5.1500% | 220000 | 230208 |
| ARI Fleet Lease Trust 2023-A | FIXED | 2/17/2032 | 5.4100% | 14803 | 14845 |
| ARI Fleet Lease Trust 2024-B | FIXED | 4/15/2033 | 5.5400% | 116624 | 117751 |
| AT&T Inc | FIXED | 5/15/2035 | 4.5000% | 340000 | 329158 |
| AT&T Inc | FIXED | 2/1/2032 | 2.2500% | 430000 | 381679 |
| AT&T Inc | FIXED | 2/1/2028 | 1.6500% | 490000 | 470552 |
| AT&T Inc | FIXED | 6/1/2027 | 2.3000% | 90000 | 88127 |
| AvalonBay Communities Inc | FIXED | 12/1/2030 | 4.3500% | 100000 | 100663 |
| BA Credit Card Trust | FIXED | 5/15/2029 | 4.9300% | 545000 | 554763 |
| BA Credit Card Trust | FIXED | 5/15/2029 | 4.9300% | 600000 | 610748 |
| BA Credit Card Trust | FIXED | 5/15/2030 | 4.3100% | 370000 | 375245 |
| BAE Systems PLC | FIXED | 2/15/2031 | 1.9000% | 290000 | 259567 |
| BAE Systems PLC | FIXED | 3/26/2029 | 5.1250% | 610000 | 635613 |
| BAE Systems PLC | FIXED | 3/26/2027 | 5.0000% | 200000 | 205062 |
| BANK 2017-BNK5 | FIXED | 6/15/2060 | 3.1310% | 709413 | 703051 |
| BANK 2017-BNK6 | FIXED | 7/15/2060 | 3.2540% | 428549 | 424799 |
| BANK 2017-BNK6 | FIXED | 7/15/2060 | 3.5180% | 680000 | 675046 |
| BANK 2017-BNK8 | FIXED | 11/15/2050 | 3.2290% | 368949 | 364816 |
| BANK 2018-BNK11 | FIXED | 3/15/2061 | 3.7840% | 876888 | 872962 |
| Bank of America Commercial Mtg Trust 2017-BNK3 | FIXED | 2/15/2050 | 3.3110% | 465104 | 462637 |
| Barings Equipment Finance LLC 2025-B | FIXED | 10/13/2032 | 4.1300% | 200000 | 200919 |
| Baxter International Inc | FIXED | 2/1/2027 | 1.9150% | 227000 | 223338 |
| Baxter International Inc | FIXED | 12/1/2028 | 2.2720% | 120000 | 113607 |
| Bayer US Finance II LLC | FIXED | 12/15/2028 | 4.3750% | 350000 | 351091 |
| Becton Dickinson & Co | FIXED | 2/8/2029 | 4.8740% | 150000 | 155949 |
| Black Hills Corp | FIXED | 1/15/2027 | 3.1500% | 140000 | 140658 |
| Black Hills Corp | FIXED | 1/31/2031 | 4.5500% | 115000 | 116433 |
| Black Hills Corp | FIXED | 1/15/2026 | 3.9500% | 460000 | 468273 |
| BLP Commercial Mortgage Trust 2025-IND2 | FLOATING | 12/15/2042 | 5.2501% | 115000 | 115392 |
| BMP 2024-MF23 | FLOATING | 6/15/2041 | 5.1221% | 405000 | 406612 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| BMP 2024-MF23 | FLOATING | 6/15/2041 | 5.1221% | 230000 | 230915 |
| BNP Paribas SA | VARIABLE | 9/30/2028 | 1.9040% | 250000 | 241788 |
| BNP Paribas SA | VARIABLE | 5/9/2029 | 4.7920% | 260000 | 264790 |
| BNP Paribas Sec Corp | VARIABLE | 6/30/2027 | 1.6750% | 350000 | 345645 |
| BOCA Commercial Mortgage Trust 2025-BOCA | FLOATING | 12/15/2042 | 5.4500% | 190000 | 190603 |
| BOCA Commercial Mortgage Trust 2025-BOCA | FLOATING | 12/15/2042 | 5.4500% | 130000 | 130413 |
| Boeing Co/The | FIXED | 5/1/2030 | 5.1500% | 230000 | 238534 |
| Boeing Co/The | FIXED | 2/4/2026 | 2.1960% | 20000 | 20141 |
| Boeing Co/The | FIXED | 2/1/2027 | 2.7000% | 450000 | 448544 |
| Boeing Co/The | FIXED | 5/1/2027 | 5.0400% | 15000 | 15281 |
| Boeing Co/The | FIXED | 2/4/2026 | 2.1960% | 70000 | 70495 |
| BofA Auto Trust 2025-1 | FIXED | 11/20/2029 | 4.3500% | 285000 | 287288 |
| Brazos Education Loan Authority | FLOATING | 1/25/2072 | 4.5462% | 341954 | 337440 |
| Brazos Education Loan Authority Inc | FLOATING | 11/25/2071 | 4.4262% | 645183 | 635609 |
| Broadcom Inc | FIXED | 2/15/2030 | 4.3500% | 210000 | 214998 |
| Broadcom Inc | FIXED | 7/12/2029 | 5.0500% | 180000 | 189723 |
| BX Commercial Mortgage Trust 2022-AHP | FLOATING | 1/17/2039 | 4.7401% | 535000 | 535872 |
| BX Commercial Mortgage Trust 2024-AIRC | FLOATING | 8/15/2041 | 5.4414% | 491502 | 493682 |
| BX Commercial Mortgage Trust 2024-AIRC | FLOATING | 8/15/2041 | 5.4414% | 196601 | 197473 |
| BX Commercial Mortgage Trust 2024-GPA2 | FLOATING | 11/15/2041 | 5.2925% | 405000 | 406388 |
| BX Commercial Mortgage Trust 2024-GPA3 | FLOATING | 12/15/2039 | 5.0429% | 156518 | 156891 |
| BX Commercial Mortgage Trust 2024-GPA3 | FLOATING | 12/15/2039 | 5.0429% | 224744 | 225280 |
| BX Commercial Mortgage Trust 2024-XL5 | FLOATING | 3/15/2041 | 5.1418% | 323047 | 324030 |
| BX Commercial Mortgage Trust 2024-XL5 | FLOATING | 3/15/2041 | 5.1418% | 117777 | 118136 |
| BX Trust 2021-BXMF | FLOATING | 10/15/2026 | 4.5004% | 179056 | 179169 |
| BX Trust 2021-RISE | FLOATING | 11/15/2036 | 4.6120% | 338132 | 338556 |
| BX Trust 2021-RISE | FLOATING | 11/15/2036 | 4.6120% | 207106 | 207365 |
| BX Trust 2022-IND | FLOATING | 4/15/2037 | 5.2411% | 471943 | 473546 |
| BX Trust 2024-BIO | FLOATING | 2/15/2041 | 5.3921% | 580000 | 580219 |
| BX Trust 2024-VLT4 | FLOATING | 6/15/2041 | 5.2415% | 190000 | 190411 |
| BX Trust 2024-VLT4 | FLOATING | 6/15/2041 | 5.2415% | 145000 | 145314 |
| BX Trust 2025-ARIA | VARIABLE | 12/13/2042 | 5.0311% | 230000 | 233272 |
| BX Trust 2025-DELC | VARIABLE | 12/13/2042 | 5.0311% | 155000 | 157205 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| BX Trust 2025-DIME | FLOATING | 12/15/2042 | 5.5072% | 100000 | 100360 |
| BX Trust 2025-GW | FLOATING | 2/15/2035 | 4.9001% | 160000 | 159971 |
| BX Trust 2025-GW | FLOATING | 7/15/2042 | 5.3500% | 280000 | 281232 |
| BX Trust 2025-ROIC | FLOATING | 7/15/2042 | 5.3500% | 190000 | 190836 |
| BX Trust 2025-ROIC | FLOATING | 3/15/2030 | 4.8940% | 433310 | 433770 |
| Canadian National Railway Co | FLOATING | 3/15/2030 | 4.8940% | 293854 | 294166 |
| Canadian National Railway Co | FIXED | 3/12/2031 | 4.2000% | 200000 | 200972 |
| Canadian Natural Resources Ltd | FIXED | 3/12/2031 | 4.2000% | 110000 | 110535 |
| Canadian Pacific Railway Co | FIXED | 6/1/2027 | 3.8500% | 240000 | 240142 |
| Canadian Pacific Railway Co | FIXED | 3/30/2030 | 4.8000% | 270000 | 279517 |
| Capital One Financial Corp | FIXED | 6/1/2028 | 4.0000% | 190000 | 190750 |
| Capital One Financial Corp | VARIABLE | 3/1/2030 | 3.2730% | 140000 | 137449 |
| Capital One Financial Corp | VARIABLE | 9/11/2031 | 4.4930% | 95000 | 96234 |
| Capital One Financial Corp | VARIABLE | 2/1/2029 | 5.4680% | 120000 | 125982 |
| Capital One Financial Corp | VARIABLE | 5/10/2028 | 4.9270% | 100000 | 101890 |
| Capital One Prime Auto Receivables Trust 2025-1 | VARIABLE | 11/2/2027 | 1.8780% | 100000 | 98433 |
| Carmax Auto Owner Trust 2024-3 | FIXED | 7/15/2030 | 3.8500% | 305000 | 305733 |
| Carmax Auto Owner Trust 2025-1 | FIXED | 7/16/2029 | 4.8900% | 255000 | 258682 |
| Carmax Auto Owner Trust 2025-2 | FIXED | 1/15/2030 | 4.8400% | 195000 | 198299 |
| Carmax Auto Owner Trust 2025-4 | FIXED | 3/15/2030 | 4.4800% | 270000 | 273517 |
| CGMS Commercial Mortgage Trust 2017-B1 | FIXED | 12/16/2030 | 3.9700% | 235000 | 235849 |
| Chase Auto Owner Trust 2024-2A | FIXED | 8/15/2050 | 3.1970% | 1075299 | 1062346 |
| Chase Auto Owner Trust 2024-3 | FIXED | 6/25/2029 | 5.5200% | 228005 | 231392 |
| Chase Auto Owner Trust 2024-4 | FIXED | 7/25/2029 | 5.2200% | 255000 | 258210 |
| Chase Auto Owner Trust 2025-1 | FIXED | 7/25/2029 | 4.9400% | 370000 | 373889 |
| Chase Auto Owner Trust 2025-2 | FIXED | 6/25/2030 | 4.2900% | 280000 | 282567 |
| Citibank Credit Card Issuance Trust | FIXED | 10/25/2030 | 3.8600% | 410000 | 410643 |
| Citigroup Commercial Mortgage Trust 2015-GC31 | FIXED | 6/21/2030 | 4.3000% | 225000 | 227940 |
| Citigroup Commercial Mortgage Trust 2016-P6 | FIXED | 6/10/2048 | 3.7620% | 59371 | 58613 |
| Citigroup Commercial Mortgage Trust 2018-B2 | FIXED | 12/10/2049 | 3.4580% | 425668 | 424678 |
| Citigroup Inc | FIXED | 3/10/2051 | 4.0090% | 450000 | 449403 |
| Citigroup Inc | VARIABLE | 3/17/2033 | 3.7850% | 90000 | 86927 |
| Citigroup Inc | VARIABLE | 7/24/2028 | 3.6680% | 730000 | 737124 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Citigroup Inc | VARIABLE | 6/9/2027 | 1.4620% | 240000 | 237472 |
| Citigroup Inc | VARIABLE | 9/11/2031 | 4.5030% | 125000 | 127262 |
| Citigroup Inc | VARIABLE | 7/24/2028 | 3.6680% | 440000 | 444294 |
| Citigroup Inc | VARIABLE | 6/9/2027 | 1.4620% | 200000 | 197893 |
| Citigroup Inc | VARIABLE | 5/24/2028 | 4.6580% | 60000 | 60799 |
| Citigroup Inc | VARIABLE | 2/24/2028 | 3.0700% | 220000 | 219900 |
| Citigroup Inc | VARIABLE | 10/27/2028 | 3.5200% | 400000 | 398990 |
| Citizens Bank NA/Providence RI | VARIABLE | 8/9/2028 | 4.5750% | 500000 | 512825 |
| Citizens Bank NA/Providence RI | VARIABLE | 8/9/2028 | 4.5750% | 400000 | 410260 |
| CNH Equipment Trust 2024-C | FIXED | 1/15/2030 | 4.0300% | 345000 | 346776 |
| CNH Equipment Trust 2025-A | FIXED | 8/15/2030 | 4.3600% | 230000 | 232889 |
| CNH Industrial Capital LLC | FIXED | 4/20/2029 | 5.1000% | 310000 | 320178 |
| CNH Industrial Capital LLC | FIXED | 7/15/2026 | 1.4500% | 300000 | 297571 |
| CNH Industrial Capital LLC | FIXED | 3/21/2028 | 4.7500% | 135000 | 138359 |
| Comcast Corp | FIXED | 5/15/2032 | 4.9500% | 210000 | 216712 |
| Comcast Corp | FIXED | 5/1/2028 | 3.5500% | 70000 | 69856 |
| Comcast Corp | FIXED | 10/15/2028 | 4.1500% | 100000 | 101408 |
| COMM 2016-COR1 Mortgage Trust | FIXED | 10/10/2049 | 2.8260% | 557323 | 554523 |
| CommonSpirit Health | FIXED | 9/1/2030 | 4.3520% | 125000 | 125599 |
| Cooperatieve Rabobank UA | VARIABLE | 8/22/2028 | 4.6550% | 280000 | 287527 |
| Cooperatieve Rabobank UA | VARIABLE | 2/28/2029 | 5.5640% | 310000 | 324985 |
| Cooperatieve Rabobank UA | VARIABLE | 4/6/2028 | 3.6490% | 440000 | 441601 |
| Coterra Energy Inc | FIXED | 5/15/2027 | 3.9000% | 190000 | 190250 |
| Coterra Energy Inc | FIXED | 5/15/2027 | 3.9000% | 200000 | 200263 |
| CRH SMW Finance DAC | FIXED | 1/9/2030 | 5.1250% | 200000 | 211207 |
| CRH SMW Finance DAC | FIXED | 1/9/2030 | 5.1250% | 200000 | 211207 |
| CSAIL 2018-C14 Commercial Mortgage Trust | VARIABLE | 11/15/2051 | 4.4216% | 565000 | 564235 |
| CubeSmart LP | FIXED | 12/15/2028 | 2.2500% | 210000 | 199508 |
| CubeSmart LP | FIXED | 2/15/2029 | 4.3750% | 80000 | 81581 |
| CVS Health Corp | FIXED | 3/25/2028 | 4.3000% | 75000 | 76128 |
| CVS Health Corp | FIXED | 2/21/2030 | 5.1250% | 370000 | 387252 |
| CVS Health Corp | FIXED | 8/21/2027 | 1.3000% | 340000 | 326897 |
| CVS Health Corp | FIXED | 2/20/2026 | 5.0000% | 240000 | 244458 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| CVS Health Corp | FIXED | 6/1/2026 | 2.8750% | 130000 | 129655 |
| Daimler Truck Finance North America LLC | FIXED | 4/7/2027 | 3.6500% | 200000 | 200733 |
| Daimler Truck Finance North America LLC | FIXED | 10/12/2030 | 4.6500% | 150000 | 152724 |
| Daimler Truck Finance North America LLC | FIXED | 1/15/2027 | 5.0000% | 150000 | 154914 |
| Daimler Truck Finance North America LLC | FIXED | 1/13/2028 | 4.9500% | 150000 | 155724 |
| Daimler Truck Finance North America LLC | FIXED | 8/12/2027 | 4.3000% | 150000 | 153171 |
| DBJPM 16-C1 Mortgage Trust | FIXED | 5/10/2049 | 3.0150% | 68640 | 68725 |
| Dell Equipment Finance Trust 2025-2 | FIXED | 3/24/2031 | 4.1200% | 230000 | 231011 |
| Digital Realty Trust LP | FIXED | 7/15/2028 | 4.4500% | 150000 | 154093 |
| DLLAA 2023-1 LLC | FIXED | 2/22/2028 | 5.6400% | 404719 | 409709 |
| DLLAD 2021-1 LLC | FIXED | 6/20/2029 | 0.9000% | 184176 | 183436 |
| DLLST 2024-1 LLC | FIXED | 8/20/2027 | 5.0500% | 195498 | 196646 |
| DOC DR LLC | FIXED | 11/1/2031 | 2.6250% | 150000 | 135702 |
| DOC DR LLC | FIXED | 3/15/2027 | 4.3000% | 180000 | 182552 |
| Eastman Chemical Co | FIXED | 8/1/2029 | 5.0000% | 100000 | 104158 |
| Eastman Chemical Co | FIXED | 12/1/2028 | 4.5000% | 160000 | 161856 |
| eBay Inc | FIXED | 3/6/2029 | 4.2500% | 85000 | 85850 |
| ECMC Group Student Loan Trust 2018-2 | FLOATING | 9/25/2068 | 4.7887% | 524781 | 521379 |
| ELM Trust 2024-ELM | VARIABLE | 6/10/2039 | 5.8009% | 240000 | 242435 |
| ELM Trust 2024-ELM | VARIABLE | 6/10/2039 | 5.8009% | 260000 | 262638 |
| EMD Finance LLC | FIXED | 10/15/2030 | 4.3750% | 170000 | 172143 |
| EMD Finance LLC | FIXED | 8/15/2028 | 4.1250% | 170000 | 173081 |
| Enbridge Inc | FIXED | 11/15/2029 | 3.1250% | 150000 | 144342 |
| Enbridge Inc | FIXED | 4/5/2029 | 5.3000% | 100000 | 104420 |
| Enbridge Inc | FIXED | 11/15/2029 | 3.1250% | 100000 | 96228 |
| Enbridge Inc | FIXED | 6/20/2028 | 4.6000% | 40000 | 40483 |
| Enbridge Inc | FIXED | 7/15/2027 | 3.7000% | 100000 | 101200 |
| Energy Transfer LP | FIXED | 12/1/2028 | 6.1000% | 230000 | 242949 |
| Energy Transfer LP | FIXED | 4/1/2030 | 5.2000% | 50000 | 52198 |
| Energy Transfer LP | FIXED | 5/15/2030 | 3.7500% | 260000 | 254530 |
| Energy Transfer LP | FIXED | 12/1/2026 | 6.0500% | 250000 | 255291 |
| Energy Transfer LP | FIXED | 3/15/2027 | 4.4000% | 60000 | 60967 |
| Enterprise Fleet Financing 2023-3 LLC | FIXED | 3/20/2030 | 6.4000% | 296166 | 300388 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Enterprise Fleet Financing 2024-2 LLC | FIXED | 4/20/2028 | 5.6100% | 250000 | 254681 |
| Enterprise Fleet Financing 2024-3 LLC | FIXED | 8/21/2028 | 4.9800% | 365000 | 370718 |
| Enterprise Fleet Financing 2025-1 LLC | FIXED | 2/20/2029 | 4.8200% | 210000 | 213897 |
| Enterprise Fleet Financing 2025-2 LLC | FIXED | 6/20/2029 | 4.4100% | 235000 | 237795 |
| Enterprise Fleet Financing 2025-3 LLC | FIXED | 9/20/2029 | 4.4600% | 295000 | 299159 |
| Enterprise Fleet Financing 2025-4 LLC | FIXED | 12/20/2029 | 4.1100% | 460000 | 462645 |
| Enterprise Products Operating LLC | FIXED | 1/15/2031 | 4.6000% | 170000 | 176374 |
| EOG Resources Inc | FIXED | 1/15/2031 | 4.4000% | 125000 | 126185 |
| Equifax Inc | FIXED | 12/15/2027 | 5.1000% | 130000 | 132778 |
| Equifax Inc | FIXED | 9/15/2029 | 4.8000% | 90000 | 92785 |
| Equifax Inc | FIXED | 9/15/2031 | 2.3500% | 170000 | 152546 |
| Equifax Inc | FIXED | 6/1/2028 | 5.1000% | 90000 | 92365 |
| Equifax Inc | FIXED | 9/15/2029 | 4.8000% | 160000 | 164952 |
| Evergy Kansas Central Inc | FIXED | 3/13/2028 | 4.7000% | 150000 | 154451 |
| Evergy Missouri West Inc | FIXED | 12/15/2027 | 5.1500% | 200000 | 204345 |
| Extended Stay America Trust 2025-ESH | FLOATING | 10/15/2042 | 5.0501% | 340000 | 341342 |
| Extended Stay America Trust 2025-ESH | FLOATING | 10/15/2042 | 5.0501% | 205000 | 205809 |
| Extra Space Storage LP | FIXED | 1/15/2031 | 5.9000% | 200000 | 217738 |
| Extra Space Storage LP | FIXED | 1/15/2033 | 4.9500% | 40000 | 41262 |
| Extra Space Storage LP | FIXED | 4/1/2028 | 5.7000% | 100000 | 104769 |
| Extra Space Storage LP | FIXED | 6/15/2029 | 4.0000% | 150000 | 148901 |
| Federal Realty OP LP | FIXED | 7/15/2027 | 3.2500% | 140000 | 140449 |
| Federal Realty OP LP | FIXED | 5/1/2028 | 5.3750% | 160000 | 165494 |
| Federal Realty OP LP | FIXED | 7/15/2027 | 3.2500% | 250000 | 250802 |
| Federal Realty OP LP | FIXED | 6/15/2029 | 3.2000% | 110000 | 106500 |
| FedEx Corp | FIXED | 8/5/2029 | 3.1000% | 250000 | 243597 |
| FedEx Corp | FIXED | 2/15/2028 | 3.4000% | 180000 | 179750 |
| Fifth Third Bancorp | VARIABLE | 4/25/2033 | 4.3370% | 30000 | 29610 |
| Fifth Third Bancorp | VARIABLE | 4/25/2028 | 4.0550% | 130000 | 130868 |
| Fifth Third Bancorp | VARIABLE | 7/28/2030 | 4.7720% | 270000 | 278889 |
| Fifth Third Bancorp | VARIABLE | 4/25/2028 | 4.0550% | 50000 | 50334 |
| Fifth Third Bank NA | FIXED | 3/15/2026 | 3.8500% | 200000 | 202111 |
| FirstEnergy Pennsylvania Electric Co | FIXED | 4/1/2028 | 5.2000% | 160000 | 165480 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| FirstEnergy Pennsylvania Electric Co | FIXED | 3/30/2026 | 5.1500% | 140000 | 142154 |
| FirstEnergy Transmission LLC | FIXED | 9/15/2028 | 2.8660% | 100000 | 97555 |
| Fiserv Inc | FIXED | 2/15/2031 | 4.5500% | 60000 | 60490 |
| Fiserv Inc | FIXED | 3/15/2030 | 4.7500% | 180000 | 183540 |
| Fiserv Inc | FIXED | 7/1/2029 | 3.5000% | 180000 | 177823 |
| Fiserv Inc | FIXED | 7/1/2029 | 3.5000% | 60000 | 59274 |
| Fiserv Inc | FIXED | 10/1/2028 | 4.2000% | 280000 | 282314 |
| Ford Credit Auto Lease Trust 2025-B | FIXED | 12/15/2028 | 4.2300% | 310000 | 312627 |
| Ford Credit Auto Owner Trust 2022-REV1 | FIXED | 11/15/2034 | 3.8800% | 260000 | 260490 |
| Ford Credit Auto Owner Trust 2025-REV2 | STEP | 2/15/2038 | 4.3700% | 480000 | 485306 |
| Ford Credit Auto Owner Trust/Ford Credit | STEP | 8/15/2037 | 4.8600% | 495000 | 510108 |
| Ford Credit Floorplan Master Owner Trust A | FIXED | 4/15/2029 | 5.2900% | 275000 | 280524 |
| Ford Credit Floorplan Master Owner Trust A | FIXED | 9/15/2030 | 4.0600% | 210000 | 211065 |
| Ford Motor Credit Co LLC | FIXED | 9/6/2029 | 5.3030% | 200000 | 204907 |
| Ford Motor Credit Co LLC | FIXED | 11/5/2026 | 5.1250% | 200000 | 202696 |
| GE HealthCare Technologies Inc | FIXED | 3/15/2030 | 5.8570% | 130000 | 139814 |
| GE HealthCare Technologies Inc | FIXED | 11/15/2027 | 5.6500% | 200000 | 207373 |
| General Mills Inc | FIXED | 4/17/2028 | 4.2000% | 190000 | 192300 |
| General Motors Financial Co Inc | FIXED | 4/6/2029 | 4.3000% | 260000 | 262255 |
| General Motors Financial Co Inc | FIXED | 4/9/2027 | 5.0000% | 140000 | 143111 |
| General Motors Financial Co Inc | FIXED | 10/15/2028 | 2.4000% | 210000 | 201378 |
| General Motors Financial Co Inc | FIXED | 4/4/2028 | 5.0500% | 120000 | 123713 |
| General Motors Financial Co Inc | FIXED | 4/10/2028 | 2.4000% | 70000 | 67774 |
| General Motors Financial Co Inc | FIXED | 5/8/2027 | 5.4000% | 210000 | 215131 |
| GM Financial Revolving Receivables Trust 2023-2 | FIXED | 8/11/2036 | 5.7700% | 720000 | 758214 |
| GM Financial Revolving Receivables Trust 2024-1 | FIXED | 12/11/2036 | 4.9800% | 365000 | 376530 |
| GM Financial Revolving Receivables Trust 2024-2 | FIXED | 3/11/2037 | 4.5200% | 700000 | 713575 |
| GM Financial Revolving Receivables Trust 2025-1 | FIXED | 12/11/2037 | 4.6400% | 460000 | 470576 |
| GMCAR Trust 2025-2 | FIXED | 4/16/2030 | 4.2800% | 305000 | 307884 |
| Great Wolf Trust 2024-WLF2 A | FLOATING | 5/15/2041 | 5.4414% | 240000 | 241285 |
| GS Mortgage Securities Trust 2017-GS5 | FIXED | 3/10/2050 | 3.6740% | 480000 | 476100 |
| GS Mortgage Securities Trust 2017-GS5 | FIXED | 3/10/2050 | 3.4090% | 612426 | 609263 |
| GS Mortgage Securities Trust 2017-GS6 | FIXED | 5/10/2050 | 3.1640% | 563561 | 557397 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| GS Mortgage Securities Trust 2017-GS8 | FIXED | 11/10/2050 | 3.2050% | 1125000 | 1112546 |
| GS Mortgage Securities Trust 2019-GC42 | FIXED | 9/10/2052 | 2.7488% | 315000 | 300007 |
| Halliburton Co | FIXED | 3/1/2030 | 2.9200% | 440000 | 420916 |
| Health Care Service Corp A Mutual Legal Reserve Co | FIXED | 6/15/2029 | 5.2000% | 280000 | 287850 |
| Health Care Service Corp A Mutual Legal Reserve Co | FIXED | 6/15/2029 | 5.2000% | 110000 | 113084 |
| Healthpeak OP LLC | FIXED | 12/1/2028 | 2.1250% | 90000 | 85197 |
| Healthpeak OP LLC | FIXED | 12/1/2028 | 2.1250% | 170000 | 160928 |
| Hewlett Packard Enterprise Co | FIXED | 10/15/2030 | 4.4000% | 205000 | 207226 |
| Hewlett Packard Enterprise Co | FIXED | 10/15/2029 | 4.5500% | 400000 | 407260 |
| Hewlett Packard Enterprise Co | FIXED | 9/25/2027 | 4.4000% | 170000 | 172852 |
| Hewlett Packard Enterprise Co | FIXED | 9/15/2028 | 4.1500% | 140000 | 141883 |
| Hewlett Packard Enterprise Co | FIXED | 9/15/2027 | 4.0500% | 105000 | 106284 |
| Hexcel Corp | FIXED | 2/15/2027 | 4.2000% | 330000 | 334538 |
| Honda Auto Receivables 2023-4 Owner Trust | FIXED | 2/21/2030 | 5.6600% | 75000 | 76636 |
| Honda Auto Receivables 2024-3 Owner Trust | FIXED | 3/21/2029 | 4.5700% | 680000 | 686041 |
| Honda Auto Receivables 2025-2 Owner Trust | FIXED | 10/15/2029 | 4.1500% | 200000 | 201613 |
| Honda Motor Co Ltd | FIXED | 7/8/2028 | 4.4360% | 170000 | 175453 |
| HP Inc | FIXED | 4/15/2029 | 4.0000% | 220000 | 219659 |
| HP Inc | FIXED | 1/15/2028 | 4.7500% | 70000 | 72318 |
| HSBC Holdings PLC | VARIABLE | 6/19/2029 | 4.5830% | 200000 | 202222 |
| HSBC Holdings PLC | VARIABLE | 3/13/2028 | 4.0410% | 540000 | 545851 |
| HSBC Holdings PLC | VARIABLE | 3/3/2031 | 5.1300% | 200000 | 208506 |
| HSBC Holdings PLC | VARIABLE | 9/22/2028 | 2.0130% | 400000 | 388317 |
| HSBC Holdings PLC | VARIABLE | 3/3/2029 | 4.8990% | 210000 | 216499 |
| Huntington Auto Trust 2024-1 | FIXED | 1/16/2029 | 5.2300% | 533379 | 539828 |
| Huntington Bancshares Inc/OH | VARIABLE | 8/4/2028 | 4.4430% | 160000 | 163798 |
| Huntington Bancshares Inc/OH | VARIABLE | 8/4/2028 | 4.4430% | 90000 | 92136 |
| Huntington National Bank/The | FIXED | 1/10/2030 | 5.6500% | 250000 | 268814 |
| Hyundai Auto Lease Securitization Trust 2024-C | FIXED | 4/17/2028 | 4.6200% | 605000 | 610034 |
| Hyundai Auto Lease Securitization Trust 2025-A | FIXED | 1/18/2028 | 4.8300% | 225000 | 227763 |
| Hyundai Auto Lease Securitization Trust 2025-B | FIXED | 4/17/2028 | 4.5300% | 330000 | 333659 |
| Hyundai Auto Lease Securitization Trust 2025-C | FIXED | 7/17/2028 | 4.3600% | 365000 | 368709 |
| Hyundai Auto Receivables Trust 2023-C | FIXED | 10/16/2028 | 5.5400% | 517687 | 524179 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Hyundai Auto Receivables Trust 2024-B | FIXED | 3/15/2029 | 4.8400% | 250000 | 253338 |
| Hyundai Auto Receivables Trust 2025-D | FIXED | 9/16/2030 | 3.9900% | 520000 | 523032 |
| Hyundai Capital America | FIXED | 1/8/2030 | 5.3000% | 220000 | 232467 |
| Hyundai Capital America | FIXED | 9/24/2027 | 4.3000% | 130000 | 131897 |
| Hyundai Capital America | FIXED | 1/7/2028 | 5.0000% | 190000 | 197622 |
| Hyundai Floorplan Master Owner Trust | FIXED | 10/15/2030 | 4.0100% | 205000 | 205858 |
| Ingredion Inc | FIXED | 6/1/2030 | 2.9000% | 360000 | 340065 |
| Ingredion Inc | FIXED | 10/1/2026 | 3.2000% | 140000 | 140174 |
| Interstate Power and Light Co | FIXED | 4/1/2029 | 3.6000% | 60000 | 59356 |
| INTOWN 2025-STAY Mortgage Trust | FLOATING | 3/15/2042 | 5.1000% | 415000 | 416518 |
| INTOWN 2025-STAY Mortgage Trust | FLOATING | 3/15/2042 | 5.1000% | 290000 | 291061 |
| John Deere Owner Trust 2024 | FIXED | 11/15/2028 | 4.9600% | 275000 | 278018 |
| JPMBB Commercial Mortgage Securities Trust 2016-C1 | FIXED | 3/17/2049 | 3.5761% | 230737 | 231002 |
| JPMDB Commercial Mortgage Securities Trust 2016-C4 | FIXED | 12/15/2049 | 2.8822% | 386617 | 384564 |
| KeyBank NA/Cleveland OH | FIXED | 4/13/2029 | 3.9000% | 370000 | 366435 |
| KeyBank NA/Cleveland OH | FIXED | 4/13/2029 | 3.9000% | 250000 | 247591 |
| Kinder Morgan Inc | FIXED | 6/1/2030 | 5.1500% | 110000 | 114317 |
| Kinder Morgan Inc | FIXED | 2/1/2029 | 5.0000% | 220000 | 229790 |
| Kinder Morgan Inc | FIXED | 11/15/2026 | 1.7500% | 100000 | 98390 |
| Kinder Morgan Inc | FIXED | 2/1/2029 | 5.0000% | 210000 | 219345 |
| Kubota Credit Owner Trust 2024-1 | FIXED | 7/17/2028 | 5.1900% | 270000 | 273666 |
| Kubota Credit Owner Trust 2024-2 | FIXED | 11/15/2028 | 5.2600% | 185000 | 188478 |
| L3Harris Technologies Inc | FIXED | 6/1/2029 | 5.0500% | 180000 | 185736 |
| L3Harris Technologies Inc | FIXED | 6/15/2028 | 4.4000% | 100000 | 100967 |
| Laboratory Corp of America Holdings | FIXED | 4/1/2030 | 4.3500% | 180000 | 182375 |
| LAD Auto Receivables Trust 2025-3 | FIXED | 1/15/2031 | 4.0300% | 295000 | 296696 |
| Lennox International Inc | FIXED | 9/15/2028 | 5.5000% | 250000 | 262129 |
| Lennox International Inc | FIXED | 9/15/2028 | 5.5000% | 260000 | 272614 |
| Life 2022-BMR Mortgage Trust | FLOATING | 5/15/2039 | 5.0454% | 245000 | 236860 |
| Life 2022-BMR Mortgage Trust | FLOATING | 5/15/2039 | 5.0454% | 140000 | 135349 |
| M&T Bank Auto Receivables Trust 2024-1 | FIXED | 2/17/2032 | 5.2200% | 277724 | 281419 |
| Manufacturers & Traders Trust Co | VARIABLE | 7/6/2028 | 4.7620% | 250000 | 258719 |
| Marathon Petroleum Corp | FIXED | 3/1/2030 | 5.1500% | 280000 | 293250 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Marathon Petroleum Corp | FIXED | 4/1/2028 | 3.8000% | 230000 | 230904 |
| Masco Corp | FIXED | 11/15/2027 | 3.5000% | 160000 | 159098 |
| Masco Corp | FIXED | 11/15/2027 | 3.5000% | 110000 | 109380 |
| Mercedes-Benz Auto Lease Trust 2025-A | FIXED | 4/16/2029 | 4.6100% | 365000 | 370604 |
| Mercedes-Benz Auto Lease Trust 2025-B | FIXED | 4/16/2029 | 3.8800% | 485000 | 486355 |
| Mercedes-Benz Auto Receivables Trust 2024-1 | FIXED | 4/16/2029 | 4.8000% | 250440 | 252722 |
| Microchip Technology Inc | FIXED | 2/15/2030 | 5.0500% | 170000 | 176818 |
| Microchip Technology Inc | FIXED | 3/15/2029 | 5.0500% | 280000 | 289844 |
| Microchip Technology Inc | FIXED | 3/15/2028 | 4.9000% | 150000 | 154263 |
| Mid-America Apartments LP | FIXED | 6/15/2028 | 4.2000% | 50000 | 50334 |
| Mitsubishi UFJ Financial Group Inc | VARIABLE | 1/16/2031 | 5.1970% | 200000 | 211227 |
| MMAF Equipment Finance LLC 2021-A | FIXED | 11/13/2030 | 1.0400% | 530000 | 527284 |
| MMAF Equipment Finance LLC 2021-A | FIXED | 6/13/2028 | 0.5600% | 10974 | 10964 |
| MMAF Equipment Finance LLC 2022-A | FIXED | 6/13/2044 | 3.3200% | 580000 | 580057 |
| MMAF Equipment Finance LLC 2024-A | FIXED | 7/14/2031 | 4.9500% | 460000 | 468667 |
| Mondelez International Inc | FIXED | 5/6/2028 | 4.2500% | 240000 | 242907 |
| Monongahela Power Co | FIXED | 5/15/2027 | 3.5500% | 170000 | 169760 |
| Morgan Stanley BAML Trust 2016-C29 | FIXED | 5/15/2049 | 3.0580% | 106859 | 106844 |
| Morgan Stanley BAML Trust 2016-C31 | FIXED | 11/15/2049 | 2.8400% | 455989 | 453758 |
| Morgan Stanley BAML Trust 2016-C32 | FIXED | 12/15/2049 | 3.7200% | 310000 | 308488 |
| Morgan Stanley Capital I Trust 2018-H3 | FIXED | 7/15/2051 | 4.1770% | 495000 | 496075 |
| Mosaic Co/The | FIXED | 11/15/2030 | 4.6000% | 150000 | 151337 |
| Mosaic Co/The | FIXED | 11/15/2027 | 4.0500% | 130000 | 130618 |
| Mosaic Co/The | FIXED | 1/15/2029 | 4.3500% | 40000 | 40354 |
| Motorola Solutions Inc | FIXED | 4/15/2029 | 5.0000% | 70000 | 72506 |
| MPLX LP | FIXED | 3/1/2026 | 1.7500% | 180000 | 180341 |
| MPLX LP | FIXED | 9/1/2032 | 4.9500% | 100000 | 102466 |
| MPLX LP | FIXED | 2/15/2031 | 4.8000% | 180000 | 185460 |
| MPLX LP | FIXED | 3/15/2028 | 4.0000% | 120000 | 121193 |
| MPLX LP | FIXED | 3/1/2026 | 1.7500% | 280000 | 280530 |
| Navient Private Education Refi Loan Trust 2021-E | FIXED | 12/16/2069 | 0.9700% | 274231 | 247549 |
| Navient Private Education Refi Loan Trust 2021-G | FIXED | 4/15/2070 | 1.5800% | 616743 | 560938 |
| Navient Private Education Refi Loan Trust 2022-A | FIXED | 7/15/2070 | 2.2300% | 185460 | 170180 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Navient Refinance Loan Trust 2025-A | FIXED | 2/16/2055 | 5.1500% | 341878 | 347539 |
| Navient Refinance Loan Trust 2025-A | FIXED | 2/16/2055 | 5.1500% | 234784 | 238671 |
| Navient Refinance Loan Trust 2025-C | FIXED | 10/15/2055 | 4.8000% | 223003 | 224014 |
| Navient Student Loan Trust 2021-1 | FLOATING | 12/26/2069 | 4.5887% | 487422 | 481127 |
| Navient Student Loan Trust 2021-1 | FLOATING | 12/26/2069 | 4.5887% | 337795 | 333432 |
| Navistar Financial Dealer Note Master Owner Trust | FIXED | 4/25/2029 | 5.5900% | 55000 | 55312 |
| Nebraska Investment Finance Authority | FIXED | 9/1/2053 | 6.0000% | 350000 | 372299 |
| Nelnet Student Loan Trust 2021-A | FIXED | 4/20/2062 | 1.3600% | 354003 | 335104 |
| Nelnet Student Loan Trust 2021-A | FIXED | 4/20/2062 | 1.3600% | 245190 | 232101 |
| Nelnet Student Loan Trust 2021-A | FLOATING | 4/20/2062 | 4.6484% | 119102 | 119041 |
| Nelnet Student Loan Trust 2021-B | FLOATING | 4/20/2062 | 4.6284% | 228757 | 228852 |
| Nelnet Student Loan Trust 2021-C | FIXED | 4/20/2062 | 1.3200% | 98373 | 92444 |
| Nelnet Student Loan Trust 2021-C | FLOATING | 4/20/2062 | 4.5884% | 359140 | 358666 |
| Nelnet Student Loan Trust 2021-D | FIXED | 4/20/2062 | 1.6300% | 489930 | 467818 |
| Nelnet Student Loan Trust 2021-D | FLOATING | 4/20/2062 | 4.5384% | 277350 | 276483 |
| New York State Electric & Gas Corp | FIXED | 8/15/2028 | 5.6500% | 90000 | 95570 |
| Newmont Corp / Newcrest Finance Pty Ltd | FIXED | 3/15/2034 | 5.3500% | 60000 | 63754 |
| Nissan Auto Lease Trust 2024-B | FIXED | 11/15/2027 | 4.9200% | 600000 | 607223 |
| Nissan Auto Lease Trust 2025-A | FIXED | 3/15/2028 | 4.7500% | 330000 | 334731 |
| Nissan Auto Lease Trust 2025-B | FIXED | 11/15/2028 | 4.3200% | 345000 | 348746 |
| Nissan Auto Receivables 2023-B Owner Trust | FIXED | 10/15/2030 | 5.9600% | 440000 | 451495 |
| Nissan Auto Receivables 2025-A Owner Trust | FIXED | 12/17/2029 | 4.4900% | 465000 | 472067 |
| Nissan Auto Receivables 2025-B Owner Trust | FIXED | 4/15/2030 | 3.9900% | 780000 | 784696 |
| Nissan Master Owner Trust Receivables | FIXED | 2/15/2029 | 5.0500% | 200000 | 202843 |
| NNN REIT Inc | FIXED | 10/15/2028 | 4.3000% | 70000 | 71052 |
| NNN REIT Inc | FIXED | 10/15/2027 | 3.5000% | 120000 | 119846 |
| Norfolk Southern Corp | FIXED | 11/1/2029 | 2.5500% | 220000 | 208855 |
| North Texas Higher Education Authority Inc | FLOATING | 10/25/2061 | 4.4162% | 458135 | 453534 |
| North Texas Higher Education Authority Inc | FLOATING | 9/25/2061 | 4.4162% | 363126 | 361734 |
| NorthWestern Corp | FIXED | 3/21/2030 | 5.0730% | 270000 | 280900 |
| NorthWestern Corp | FIXED | 3/21/2030 | 5.0730% | 70000 | 72826 |
| NTT Finance Corp | FIXED | 7/2/2029 | 5.1100% | 310000 | 326227 |
| NTT Finance Corp | FIXED | 7/16/2030 | 4.8760% | 270000 | 281243 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| NTT Finance Corp | FIXED | 7/16/2028 | 4.6200% | 200000 | 206963 |
| NTT Finance Corp | FIXED | 7/2/2027 | 5.1040% | 200000 | 208235 |
| Nutrien Ltd | FIXED | 5/13/2030 | 2.9500% | 130000 | 123448 |
| Nutrien Ltd | FIXED | 3/12/2027 | 4.5000% | 130000 | 132530 |
| Nutrien Ltd | FIXED | 6/21/2027 | 5.2000% | 190000 | 193409 |
| NXP BV / NXP Funding LLC / NXP USA Inc | FIXED | 1/15/2033 | 5.0000% | 200000 | 208124 |
| NXP BV / NXP Funding LLC / NXP USA Inc | FIXED | 2/15/2032 | 2.6500% | 150000 | 136415 |
| NXP BV / NXP Funding LLC / NXP USA Inc | FIXED | 8/19/2032 | 4.8500% | 120000 | 122943 |
| NXP BV / NXP Funding LLC / NXP USA Inc | FIXED | 6/1/2027 | 4.4000% | 200000 | 201626 |
| NXP BV / NXP Funding LLC / NXP USA Inc | FIXED | 8/19/2028 | 4.3000% | 50000 | 50989 |
| ONEOK Inc | FIXED | 10/15/2029 | 4.4000% | 150000 | 151986 |
| ONEOK Inc | FIXED | 10/15/2032 | 4.9500% | 80000 | 82008 |
| ONEOK Inc | FIXED | 9/24/2027 | 4.2500% | 120000 | 121792 |
| ONEOK Inc | FIXED | 10/15/2029 | 4.4000% | 140000 | 141853 |
| ONNI Commerical Mortgage Trust 2024-APT | VARIABLE | 7/15/2039 | 5.5674% | 175000 | 179132 |
| ONNI Commerical Mortgage Trust 2024-APT | VARIABLE | 7/15/2039 | 5.5674% | 130000 | 133069 |
| Oracle Corp | FIXED | 11/9/2029 | 6.1500% | 70000 | 73756 |
| Oracle Corp | FIXED | 4/1/2030 | 2.9500% | 370000 | 344689 |
| Oracle Corp | FIXED | 9/26/2035 | 5.2000% | 65000 | 63314 |
| Oracle Corp | FIXED | 9/27/2029 | 4.2000% | 220000 | 218167 |
| Oracle Corp | FIXED | 9/26/2032 | 4.8000% | 65000 | 63888 |
| Oracle Corp | FIXED | 3/25/2028 | 2.3000% | 180000 | 172803 |
| Oracle Corp | FIXED | 8/3/2028 | 4.8000% | 135000 | 138389 |
| Oracle Corp | FIXED | 9/26/2030 | 4.4500% | 60000 | 59446 |
| Oracle Corp | FIXED | 11/15/2027 | 3.2500% | 200000 | 196513 |
| Oshkosh Corp | FIXED | 5/15/2028 | 4.6000% | 190000 | 193499 |
| Packaging Corp of America | FIXED | 12/1/2033 | 5.7000% | 200000 | 212369 |
| PeaceHealth Obligated Group | FIXED | 11/15/2028 | 4.3350% | 70000 | 70738 |
| PFS Financing Corp | FIXED | 2/15/2029 | 4.9500% | 420000 | 425310 |
| PFS Financing Corp | FIXED | 8/15/2029 | 4.7500% | 105000 | 106431 |
| PHEAA Student Loan Trust 2014-2 | FLOATING | 2/25/2043 | 4.5587% | 304126 | 301525 |
| Phillips 66 | FIXED | 3/15/2028 | 3.9000% | 250000 | 251888 |
| Phillips 66 Co | FIXED | 6/15/2031 | 5.2500% | 250000 | 260703 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Phillips 66 Co | FIXED | 3/1/2028 | 3.7500% | 150000 | 150885 |
| Plains All American Pipeline LP / PAA Finance Corp | FIXED | 1/15/2031 | 4.7000% | 155000 | 158302 |
| Plains All American Pipeline LP / PAA Finance Corp | FIXED | 12/15/2029 | 3.5500% | 70000 | 68165 |
| PNC Financial Services Group Inc/The | VARIABLE | 5/13/2031 | 4.8990% | 140000 | 144338 |
| PNC Financial Services Group Inc/The | VARIABLE | 1/29/2031 | 5.2220% | 130000 | 137479 |
| PNC Financial Services Group Inc/The | VARIABLE | 10/20/2027 | 6.6150% | 100000 | 103306 |
| PNC Financial Services Group Inc/The | VARIABLE | 7/23/2027 | 5.1020% | 230000 | 236440 |
| Porsche Innovative Lease Owner Trust 2025-1 | FIXED | 10/20/2028 | 4.6100% | 305000 | 308919 |
| PPG Industries Inc | FIXED | 3/15/2031 | 4.3750% | 195000 | 196302 |
| PPG Industries Inc | FIXED | 8/15/2029 | 2.8000% | 140000 | 135384 |
| Realty Income Corp | FIXED | 2/1/2029 | 3.9500% | 80000 | 80529 |
| Regions Financial Corp | FIXED | 8/12/2028 | 1.8000% | 390000 | 371478 |
| Revvity Inc | FIXED | 9/15/2028 | 1.9000% | 380000 | 359609 |
| ROCK Trust 2024-CNTR | FIXED | 11/13/2041 | 5.3883% | 330000 | 340723 |
| Rogers Communications Inc | FIXED | 3/15/2027 | 3.2000% | 230000 | 229891 |
| Rogers Communications Inc | FIXED | 3/15/2027 | 3.2000% | 240000 | 239887 |
| Roper Technologies Inc | FIXED | 9/15/2030 | 4.4500% | 120000 | 122729 |
| Roper Technologies Inc | FIXED | 10/15/2029 | 4.5000% | 120000 | 122394 |
| RTX Corp | FIXED | 11/16/2028 | 4.1250% | 80000 | 80707 |
| RTX Corp | FIXED | 5/4/2027 | 3.1250% | 340000 | 338099 |
| Ryder System Inc | FIXED | 3/1/2027 | 2.8500% | 240000 | 239193 |
| Ryder System Inc | FIXED | 3/15/2027 | 5.3000% | 80000 | 82402 |
| Sabine Pass Liquefaction LLC | FIXED | 3/15/2028 | 4.2000% | 200000 | 202713 |
| Santander Drive Auto Receivables Trust 2023-5 | FIXED | 9/15/2028 | 6.0200% | 110980 | 111588 |
| Santander Drive Auto Receivables Trust 2025-3 | FIXED | 1/15/2030 | 4.3800% | 285000 | 286939 |
| Sealed Air Corp | FIXED | 10/15/2026 | 1.5730% | 210000 | 206222 |
| SFS Auto Receivables Securitization Trust 2024-1 | FIXED | 5/21/2029 | 4.9500% | 340414 | 343014 |
| SFS Auto Receivables Securitization Trust 2024-2 | FIXED | 11/20/2029 | 5.3300% | 396091 | 401017 |
| SFS Auto Receivables Securitization Trust 2025-3 | FIXED | 4/21/2031 | 4.1200% | 275000 | 276594 |
| Sherwin-Williams Co/The | FIXED | 8/15/2030 | 4.5000% | 120000 | 123509 |
| Sherwin-Williams Co/The | FIXED | 8/15/2029 | 2.9500% | 80000 | 77589 |
| Sherwin-Williams Co/The | FIXED | 8/15/2028 | 4.3000% | 180000 | 184410 |
| Sherwin-Williams Co/The | FIXED | 6/1/2027 | 3.4500% | 70000 | 69674 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| SHR Trust 2024-LXRY | FLOATING | 10/15/2041 | 5.7001% | 455000 | 457172 |
| SHRN Trust 2025-MF18 | FLOATING | 10/15/2040 | 4.9501% | 240000 | 240710 |
| SHRN Trust 2025-MF18 | FLOATING | 10/15/2040 | 4.9501% | 280000 | 280828 |
| SLM Student Loan Trust 2003-10 | FLOATING | 12/17/2068 | 5.0638% | 496078 | 495195 |
| SLM Student Loan Trust 2003-10 | FLOATING | 12/17/2068 | 5.0638% | 498418 | 497531 |
| SMRT 2022-MINI | FLOATING | 1/15/2039 | 4.7510% | 165000 | 165370 |
| SMRT 2022-MINI | FLOATING | 1/15/2039 | 4.7510% | 110000 | 110247 |
| Smurfit Kappa Treasury ULC | FIXED | 1/15/2030 | 5.2000% | 210000 | 221535 |
| Starbucks Corp | FIXED | 5/15/2028 | 4.5000% | 200000 | 203204 |
| Steel Dynamics Inc | FIXED | 12/15/2028 | 4.0000% | 70000 | 70264 |
| Stellantis Financial Enhanced Lease Trust 2025-A | FIXED | 7/20/2028 | 4.4700% | 390000 | 393254 |
| Stellantis Financial Enhanced Lease Trust 2025-B | FIXED | 1/22/2029 | 4.2700% | 290000 | 291970 |
| Stellantis Financial Enhanced Lease Trust 2025-C | FIXED | 4/20/2029 | 4.1100% | 530000 | 532134 |
| Sumitomo Mitsui Financial Group Inc | FIXED | 9/14/2028 | 5.7160% | 200000 | 211776 |
| Sumitomo Mitsui Financial Group Inc | FIXED | 9/17/2028 | 1.9020% | 200000 | 190089 |
| SWCH Commercial Mortgage Trust 2025-DATA | FLOATING | 2/15/2042 | 5.1930% | 265000 | 263182 |
| SWCH Commercial Mortgage Trust 2025-DATA | FLOATING | 2/15/2042 | 5.1930% | 165000 | 163868 |
| Synchrony Card Funding LLC | FIXED | 10/15/2029 | 5.7400% | 560000 | 569494 |
| Synchrony Card Funding LLC | FIXED | 3/15/2030 | 5.0400% | 285000 | 289622 |
| Take-Two Interactive Software Inc | FIXED | 6/12/2029 | 5.4000% | 195000 | 202395 |
| Take-Two Interactive Software Inc | FIXED | 3/28/2028 | 4.9500% | 280000 | 289057 |
| TCO 2024-DPM A | FLOATING | 12/15/2039 | 4.9930% | 370000 | 371675 |
| TCO 2024-DPM A | FLOATING | 12/15/2039 | 4.9930% | 260000 | 261177 |
| Tesla Auto Lease Trust 2024-A | FIXED | 6/21/2027 | 5.3000% | 137366 | 138035 |
| Tesla Electric Vehicle Trust 2023-1 | FIXED | 6/20/2028 | 5.3800% | 378666 | 382139 |
| T-Mobile USA Inc | FIXED | 2/15/2031 | 2.5500% | 260000 | 240230 |
| T-Mobile USA Inc | FIXED | 3/15/2029 | 2.4000% | 220000 | 210049 |
| T-Mobile USA Inc | FIXED | 4/15/2030 | 3.8750% | 190000 | 188595 |
| T-Mobile USA Inc | FIXED | 2/15/2026 | 2.2500% | 80000 | 80497 |
| T-Mobile USA Inc | FIXED | 4/15/2026 | 2.6250% | 160000 | 160253 |
| Towd Point Mortgage Trust 2017-6 | VARIABLE | 10/25/2057 | 2.7500% | 76916 | 76092 |
| Towd Point Mortgage Trust 2018-2 | VARIABLE | 3/25/2058 | 3.2500% | 46626 | 46341 |
| Towd Point Mortgage Trust 2018-2 | VARIABLE | 3/25/2058 | 3.2500% | 98922 | 98319 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Towd Point Mortgage Trust 2018-3 | VARIABLE | 5/25/2058 | 3.7500% | 142001 | 140368 |
| Towd Point Mortgage Trust 2018-3 | VARIABLE | 5/25/2058 | 3.7500% | 140226 | 138614 |
| Towd Point Mortgage Trust 2019-4 | VARIABLE | 10/25/2059 | 2.9000% | 488832 | 472826 |
| Towd Point Mortgage Trust 2021-1 | VARIABLE | 11/25/2061 | 2.2500% | 321224 | 303507 |
| Towd Point Mortgage Trust 2022-1 | VARIABLE | 7/25/2062 | 3.7500% | 595540 | 574570 |
| Towd Point Mortgage Trust 2022-4 | FIXED | 9/25/2062 | 3.7500% | 527091 | 509916 |
| Toyota Auto Loan Extended Note Trust 2024-1 | FIXED | 11/25/2036 | 5.1600% | 1045000 | 1084436 |
| Toyota Auto Loan Extended Note Trust 2025-1 | FIXED | 5/25/2038 | 4.6500% | 660000 | 674269 |
| Toyota Auto Receivables 2024-C Owner Trust | FIXED | 3/15/2029 | 4.8800% | 260000 | 263298 |
| Toyota Auto Receivables 2025-B Owner Trust | FIXED | 11/15/2029 | 4.3400% | 290000 | 292866 |
| Toyota Lease Owner Trust 2025-B | FIXED | 11/20/2028 | 3.9600% | 280000 | 281076 |
| Trane Technologies Financing Ltd | FIXED | 3/21/2029 | 3.8000% | 100000 | 100394 |
| Truist Bank | FIXED | 3/11/2030 | 2.2500% | 250000 | 230888 |
| Truist Financial Corp | VARIABLE | 5/20/2031 | 5.0710% | 110000 | 113739 |
| Truist Financial Corp | VARIABLE | 1/26/2029 | 4.8730% | 250000 | 259279 |
| UBS Commercial Mortgage Trust 2017-C3 | FIXED | 8/15/2050 | 3.1670% | 520000 | 516219 |
| UBS Commercial Mortgage Trust 2017-C6 | FIXED | 12/15/2050 | 3.5795% | 545000 | 537743 |
| UBS Commercial Mortgage Trust 2017-C7 | FIXED | 12/15/2050 | 3.6790% | 485000 | 482554 |
| UBS Commercial Mortgage Trust 2018-C8 | FIXED | 2/15/2051 | 3.9830% | 600000 | 598570 |
| UDR Inc | FIXED | 1/15/2030 | 3.2000% | 270000 | 263623 |
| UDR Inc | FIXED | 1/15/2028 | 3.5000% | 200000 | 201008 |
| UDR Inc | FIXED | 1/26/2029 | 4.4000% | 80000 | 81934 |
| USAA Auto Owner Trust 2024-A | FIXED | 3/15/2029 | 5.0300% | 324381 | 327654 |
| USAA Auto Owner Trust 2025-A | FIXED | 12/17/2029 | 3.9500% | 280000 | 281225 |
| Ventas Realty LP | FIXED | 1/15/2029 | 4.4000% | 150000 | 153750 |
| Ventas Realty LP | FIXED | 4/1/2027 | 3.8500% | 100000 | 100712 |
| Ventas Realty LP | FIXED | 1/15/2029 | 4.4000% | 80000 | 82000 |
| Ventas Realty LP | FIXED | 3/1/2028 | 4.0000% | 100000 | 101231 |
| Verizon Communications Inc | FIXED | 3/15/2032 | 2.3550% | 623000 | 554165 |
| Verizon Communications Inc | FIXED | 3/22/2028 | 2.1000% | 310000 | 299503 |
| Verizon Master Trust | FIXED | 8/20/2030 | 4.1700% | 765000 | 770707 |
| Verizon Master Trust | FIXED | 11/20/2029 | 5.6700% | 490000 | 498714 |
| Verizon Master Trust | FIXED | 8/20/2031 | 3.9600% | 215000 | 215817 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Verizon Master Trust Series 2024-5 | FIXED | 6/21/2032 | 5.0000% | 505000 | 521537 |
| Volkswagen Auto Lease Trust 2025-A | FIXED | 6/20/2028 | 4.5000% | 370000 | 374226 |
| Volkswagen Auto Lease Trust 2025-B | FIXED | 1/22/2029 | 4.0100% | 210000 | 211098 |
| Volkswagen Auto Loan Enhanced Trust 2025-2 | FIXED | 3/20/2030 | 3.9200% | 460000 | 461777 |
| Volkswagen Group of America Finance LLC | FIXED | 6/8/2027 | 4.3500% | 200000 | 200879 |
| Volkswagen Group of America Finance LLC | FIXED | 9/12/2028 | 5.6500% | 450000 | 471788 |
| Volkswagen Group of America Finance LLC | FIXED | 9/12/2026 | 5.7000% | 240000 | 246648 |
| Volkswagen Group of America Finance LLC | FIXED | 8/15/2027 | 4.8500% | 200000 | 205599 |
| Vulcan Materials Co | FIXED | 12/1/2029 | 4.9500% | 110000 | 113388 |
| Warnermedia Holdings Inc | FIXED | 3/15/2027 | 3.7550% | 54000 | 54234 |
| Warnermedia Holdings Inc | FIXED | 3/15/2032 | 4.2790% | 128000 | 113974 |
| Warnermedia Holdings Inc | FIXED | 3/15/2029 | 4.0540% | 260000 | 254654 |
| Warnermedia Holdings Inc | FIXED | 3/15/2027 | 3.7550% | 98000 | 98424 |
| WEC Energy Group Inc | FIXED | 10/15/2027 | 1.3750% | 130000 | 124652 |
| Wells Fargo Commercial Mortgage Trust 2016-C35 | FIXED | 7/15/2048 | 2.6740% | 523771 | 522466 |
| Wells Fargo Commercial Mortgage Trust 2016-LC24 | FIXED | 10/15/2049 | 2.6840% | 600158 | 597422 |
| Wells Fargo Commercial Mortgage Trust 2016-NXS6 | FIXED | 11/15/2049 | 2.6420% | 458834 | 458920 |
| Wells Fargo Commercial Mortgage Trust 2017-C38 | FIXED | 7/15/2050 | 3.1900% | 350675 | 347363 |
| Wells Fargo Commercial Mortgage Trust 2017-C39 | FIXED | 9/15/2050 | 3.1570% | 305000 | 300907 |
| Wells Fargo Commercial Mortgage Trust 2017-C39 | FIXED | 9/15/2050 | 3.4180% | 515000 | 507545 |
| Wells Fargo Commercial Mortgage Trust 2017-C39 | FIXED | 9/15/2050 | 3.1570% | 635000 | 626479 |
| Wells Fargo Commercial Mortgage Trust 2017-C40 | FIXED | 10/15/2050 | 3.3170% | 760000 | 752784 |
| Wells Fargo Commercial Mortgage Trust 2018-C43 | VARIABLE | 3/15/2051 | 4.0120% | 1020000 | 1019024 |
| Welltower OP LLC | FIXED | 1/15/2032 | 2.7500% | 120000 | 110842 |
| Weyerhaeuser Co | FIXED | 5/15/2026 | 4.7500% | 100000 | 100812 |
| WFCIT 2024-A1 A | FIXED | 2/15/2029 | 4.9400% | 285000 | 289407 |
| WHARF Commercial Mortgage Trust 2025-DC | VARIABLE | 7/15/2040 | 5.3495% | 350000 | 361509 |
| Wheels Fleet Lease Funding 1 LLC | FIXED | 4/18/2038 | 5.8000% | 131239 | 132351 |
| Wheels Fleet Lease Funding 1 LLC | FIXED | 4/18/2038 | 5.8000% | 152603 | 153897 |
| Wheels Fleet Lease Funding 1 LLC | FIXED | 5/18/2040 | 4.4100% | 205000 | 206977 |
| Wheels Fleet Lease Funding 1 LLC | FIXED | 8/18/2038 | 6.4600% | 358762 | 363809 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Wheels Fleet Lease Funding 1 LLC | FIXED | 2/18/2039 | 5.4900% | 144153 | 146224 |
| Williams Cos Inc/The | FIXED | 3/15/2033 | 5.6500% | 170000 | 181920 |
| Williams Cos Inc/The | FIXED | 3/15/2029 | 4.9000% | 90000 | 93233 |
| Williams Cos Inc/The | FIXED | 3/15/2029 | 4.9000% | 90000 | 93233 |
| WMRK Commercial Mortgage Trust 2022-WMRK | FLOATING | 11/15/2027 | 6.5391% | 310534 | 313251 |
| World Omni Auto Receivables Trust 2024-B | FIXED | 9/17/2029 | 5.2700% | 325379 | 329142 |
| World Omni Auto Receivables Trust 2024-C | FIXED | 12/17/2029 | 4.4300% | 475000 | 478783 |
| World Omni Auto Receivables Trust 2025-B | FIXED | 9/16/2030 | 4.3400% | 460000 | 465000 |
| World Omni Auto Receivables Trust 2025-C | FIXED | 11/15/2030 | 4.0800% | 225000 | 226713 |
| World Omni Auto Receivables Trust 2025-D | FIXED | 3/17/2031 | 3.9500% | 460000 | 462216 |
| World Omni Select Auto Trust 2024-A | FIXED | 2/15/2030 | 4.9800% | 280000 | 282023 |
| WRKCo Inc | FIXED | 6/1/2028 | 3.9000% | 200000 | 199659 |
| **TOTAL CORPORATE DEBT INSTRUMENTS - ALL OTHER** |  |  |  |  | 146367730 |
| **TOTAL - INVESTMENT CONTRACTS** |  |  |  |  | $379624943 |
| **ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE** |  |  |  |  | $14176549 |
| **TOTAL - INVESTMENT CONTRACTS AT CONTRACT VALUE** |  |  |  |  | $393801492 |

---

------

---

| |
|:---|
| **AEP RETIREMENT SAVINGS 401(K) PLAN** |
| **Plan #002 EIN #13-4922641** |
| **SCHEDULE H, LINE 4I - SCHEDULE OF ASSETS (HELD AT END OF YEAR) (continued)** |
| **DECEMBER 31, 2025** |

---

---

| | | | |
|:---|:---|:---|:---|
| (a) | **(b) Identity of Issuer, Borrower, Lessor or Similar Party** | **(c) Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value** | **(e) Current Value** |
|  | **MONEY MARKET FUND** |  |  |
|  | JP MORGAN US GOVT MM FUND 3164 |  | $33411748 |
|  | **TOTAL MONEY MARKET FUND** |  | $**33411748** |
|  | **COMMON / COLLECTIVE TRUSTS** |  |  |
| **\*** | BK OF NY MELLON/EB DL NON SL MID CA |  | $497527654 |
| **\*** | BK OF NY MELLON/EB DL NON SL SMALL |  | 184851859 |
| **\*** | BK OF NY MELLON/EB DL NON SL STK IX |  | 1636050967 |
| **\*** | BK OF NY MELLON/EB DL NON-SL AGGREG |  | 563690929 |
| **\*** | BK OF NY MELLON/EB DL NON-SL TREAS |  | 25940172 |
| **\*** | BK OF NY MELLON/MELLON BK DL NON-SL INTL STK INDEX |  | 808582002 |
| **\*** | BK OF NY MELLON/MELLON BK EB DL NON-SL EMERG MKTS |  | 78733000 |
|  | JPM STRATEGIC PROPERTY FUND AEP |  | 100832017 |
|  | METWEST TOTAL RETURN BD FD CL C |  | 65767921 |
|  | SANDS CAP COLLECTIVE INVT TR INTL GROWTH CIT CL C |  | 25266348 |
|  | WILLIAM BLAIR COLLECTIVE INVT TR LARGE CAP GR INVT FD CLA |  | 220689466 |
|  | WILLIAM BLAIR SMID G |  | 46456678 |
|  | CONESTOGA SMID GR |  | 46320299 |
|  | **TOTAL COMMON / COLLECTIVE TRUSTS** |  | $**4300709312** |
|  | **AEP STOCK** |  |  |
| **\*** | AMERICAN ELECTRIC POWER CO INC |  | $284635701 |
|  | **TOTAL AEP STOCK** |  | $**284635701** |
|  | **CORPORATE STOCKS** |  |  |
|  | 3M CO |  | $187637 |
|  | A O SMITH CORP |  | 115903 |
|  | ABBVIE INC |  | 544035 |
|  | ABM INDUSTRIES INC |  | 200671 |
|  | ACADEMY SPORTS & OUTDOORS INC |  | 270983 |
|  | ACUITY INC |  | 192621 |
|  | ADIDAS AG ADR |  | 1351576 |
|  | ADVANCED MICRO DEVICES INC |  | 3340254 |
|  | AECOM |  | 201242 |
|  | AERCAP HOLDINGS NV |  | 576046 |
|  | AES CORP/THE |  | 2408762 |
|  | AGCO CORP |  | 175884 |
|  | AGILENT TECHNOLOGIES INC |  | 486450 |
|  | ALBERTSONS COS INC |  | 2055077 |
|  | ALIGN TECHNOLOGY INC |  | 165675 |
|  | ALLEGION PLC |  | 345507 |
|  | ALLIANT ENERGY CORP |  | 1023257 |
|  | ALLISON TRANSMISSION HOLDINGS |  | 215674 |
|  | ALLY FINANCIAL INC |  | 624866 |

---

------

---

| | |
|:---|:---|
| ALPHABET INC | 8384108 |
| ALPHABET INC | 8381201 |
| ALPHABET INC | 2713710 |
| ALPHABET INC | 1077972 |
| ALTRIA GROUP INC | 497145 |
| AMAZON.COM INC | 15895188 |
| AMCOR PLC | 108428 |
| AMERIPRISE FINANCIAL INC | 583995 |
| AMETEK INC | 488638 |
| AMPHENOL CORP | 2219134 |
| AMPHENOL CORP | 1102742 |
| APPLE INC | 13796895 |
| APPLIED MATERIALS INC | 1757812 |
| APPLOVIN CORP | 2354327 |
| ARAMARK | 168229 |
| ARCHROCK INC | 191767 |
| ARCOSA INC | 797932 |
| ARES CAPITAL CORP | 183446 |
| ARES MANAGEMENT CORP | 319219 |
| ARISTA NETWORKS INC | 1039985 |
| ARROW ELECTRONICS INC | 214851 |
| ASSURANT INC | 240850 |
| ASSURED GUARANTY LTD | 402707 |
| AUTODESK INC | 1056756 |
| AUTOLIV INC | 190632 |
| AUTONATION INC | 594456 |
| AVANTOR INC | 111724 |
| AVNET INC | 199099 |
| AXCELIS TECHNOLOGIES INC | 196753 |
| AXIS CAPITAL HOLDINGS LTD | 232814 |
| AXON ENTERPRISE INC | 1023410 |
| AXON ENTERPRISE INC | 366315 |
| AXOS FINANCIAL INC | 192481 |
| AZZ INC | 148016 |
| BAKER HUGHES CO | 165811 |
| BANK OF AMERICA CORP | 2157925 |
| BERKSHIRE HATHAWAY INC | 2739443 |
| BGC GROUP INC | 168482 |
| BIOGEN INC | 195349 |
| BJ'S WHOLESALE CLUB HOLDINGS I | 519023 |
| BLUE OWL CAPITAL CORP | 161441 |
| BLUE OWL CAPITAL INC | 351314 |
| BOEING CO/THE | 3703416 |
| BOISE CASCADE CO | 202842 |
| BOOKING HOLDINGS INC | 610508 |
| BOOT BARN HOLDINGS INC | 508763 |
| BORGWARNER INC | 191235 |
| BOSTON SCIENTIFIC CORP | 1549247 |
| BOYD GAMING CORP | 627707 |
| BOYD GAMING CORP | 216339 |
| BP PLC ADR | 180006 |
| BP PLC ADR | 1754386 |
| BRINK'S CO/THE | 362447 |
| BRISTOL-MYERS SQUIBB CO | 587838 |
| BROADCOM INC | 11682952 |

---

------

---

| | |
|:---|:---|
| BUILDERS FIRSTSOURCE INC | 100935 |
| BUILDERS FIRSTSOURCE INC | 282433 |
| BUNGE GLOBAL SA | 111261 |
| BURLINGTON STORES INC | 1096186 |
| CADENCE BANK | 238447 |
| CADENCE BANK | 601259 |
| CADENCE DESIGN SYSTEMS INC | 1017448 |
| CADENCE DESIGN SYSTEMS INC | 4017591 |
| CAPITAL ONE FINANCIAL CORP | 2164275 |
| CARDINAL HEALTH INC | 555261 |
| CARGURUS INC | 327471 |
| CARLISLE COS INC | 193835 |
| CARNIVAL CORP | 241877 |
| CARNIVAL CORP | 688463 |
| CASEY'S GENERAL STORES INC | 588083 |
| CATALYST PHARMACEUTICALS INC | 134602 |
| CAVCO INDUSTRIES INC | 289463 |
| CDW CORP/DE | 154178 |
| CENCORA INC | 502572 |
| CENTENE CORP | 335002 |
| CF INDUSTRIES HOLDINGS INC | 114463 |
| CH ROBINSON WORLDWIDE INC | 344509 |
| CHECK POINT SOFTWARE TECHNOLOG | 276484 |
| CHECK POINT SOFTWARE TECHNOLOG | 1768387 |
| CHORD ENERGY CORP | 191055 |
| CIENA CORP | 260765 |
| CIRRUS LOGIC INC | 184031 |
| CISCO SYSTEMS INC | 1098448 |
| CITIGROUP INC | 2256785 |
| CITIGROUP INC | 626159 |
| CIVITAS RESOURCES INC | 175950 |
| CMS ENERGY CORP | 1006642 |
| COCA-COLA CONSOLIDATED INC | 498532 |
| COGNIZANT TECHNOLOGY SOLUTIONS | 1162332 |
| COHERENT CORP | 592470 |
| COLUMBIA BANKING SYSTEM INC | 202805 |
| COMMERCIAL METALS CO | 261790 |
| CONCENTRIX CORP | 152308 |
| CONSTELLATION ENERGY CORP | 3475824 |
| CONSTRUCTION PARTNERS INC | 753337 |
| CORE & MAIN INC | 201540 |
| COSTCO WHOLESALE CORP | 3295001 |
| COTERRA ENERGY INC | 2117049 |
| COVISTA INC | 281128 |
| CRANE CO | 497961 |
| CROWDSTRIKE HOLDINGS INC | 3172099 |
| CROWN HOLDINGS INC | 231785 |
| CSX CORP | 205030 |
| CSX CORP | 2237894 |
| CUMMINS INC | 198565 |
| CURTISS-WRIGHT CORP | 1094822 |
| CURTISS-WRIGHT CORP | 901326 |
| CUSHMAN & WAKEFIELD LTD | 732678 |
| CVS HEALTH CORP | 537743 |
| DATADOG INC | 1443942 |

---

------

---

| | |
|:---|:---|
| DAVITA INC | 510677 |
| DAVITA INC | 151897 |
| DELL TECHNOLOGIES INC | 1033349 |
| DEVON ENERGY CORP | 176703 |
| DEXCOM INC | 1388792 |
| DILLARD'S INC | 499018 |
| DOORDASH INC | 737192 |
| DOUBLEVERIFY HOLDINGS INC | 136067 |
| DOVER CORP | 203831 |
| DR HORTON INC | 406885 |
| DROPBOX INC | 1029406 |
| DTE ENERGY CO | 292914 |
| EAST WEST BANCORP INC | 383812 |
| EASTMAN CHEMICAL CO | 112213 |
| EDWARDS LIFESCIENCES CORP | 2288622 |
| ELEMENT SOLUTIONS INC | 211915 |
| ELI LILLY & CO | 9680717 |
| EMCOR GROUP INC | 190878 |
| EMERSON ELECTRIC CO | 195231 |
| ENERSYS | 340313 |
| EOG RESOURCES INC | 174842 |
| EOS ENERGY ENTERPRISES INC | 392906 |
| EPAM SYSTEMS INC | 269827 |
| EQT CORP | 2122828 |
| EQUITABLE HOLDINGS INC | 117171 |
| ESSENT GROUP LTD | 219019 |
| ESSENTIAL PROPERTIES REALTY TR | 173007 |
| EURONET WORLDWIDE INC | 160288 |
| EVERCORE INC | 720309 |
| EVERGY INC | 1007249 |
| EVERGY INC | 278289 |
| EXPEDIA GROUP INC | 641414 |
| F&G ANNUITIES & LIFE INC | 17060 |
| FABRINET | 973844 |
| FABRINET | 157072 |
| FEDERAL AGRICULTURAL MORTGAGE | 263531 |
| FIDELITY NATIONAL FINANCIAL IN | 503975 |
| FIDELITY NATIONAL INFORMATION | 2357004 |
| FIRST ADVANTAGE CORP | 218633 |
| FIRST AMERICAN FINANCIAL CORP | 305480 |
| FIRST HORIZON CORP | 175498 |
| FIRST INDUSTRIAL REALTY TRUST | 184180 |
| FIRSTCASH HOLDINGS INC | 585562 |
| FIRSTENERGY CORP | 297138 |
| FLEX LTD | 386205 |
| FLEX LTD | 1546752 |
| FLOOR & DECOR HOLDINGS INC | 290750 |
| FLOWSERVE CORP | 793013 |
| FRANKLIN RESOURCES INC | 571568 |
| FRONTDOOR INC | 497922 |
| GAP INC/THE | 183424 |
| GARMIN LTD | 623561 |
| GATES INDUSTRIAL CORP PLC | 184191 |
| GCI LIBERTY INC SR ESCROW |  |
| GE AEROSPACE | 4030265 |

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| | |
|:---|:---|
| GE HEALTHCARE TECHNOLOGIES INC | 554783 |
| GE HEALTHCARE TECHNOLOGIES INC | 2033686 |
| GE VERNOVA INC | 290839 |
| GEN DIGITAL INC | 444665 |
| GENERAL MOTORS CO | 2147661 |
| GENERAL MOTORS CO | 603069 |
| GENUINE PARTS CO | 177431 |
| GIBRALTAR INDUSTRIES INC | 145304 |
| GILDAN ACTIVEWEAR INC | 613670 |
| GILEAD SCIENCES INC | 529132 |
| GOLDMAN SACHS GROUP INC/THE | 558165 |
| GOLDMAN SACHS GROUP INC/THE | 2320560 |
| GRAND CANYON EDUCATION INC | 357567 |
| GRANITE CONSTRUCTION INC | 336245 |
| GREEN BRICK PARTNERS INC | 142552 |
| GROUP 1 AUTOMOTIVE INC | 251319 |
| HALLIBURTON CO | 181486 |
| HALLIBURTON CO | 245466 |
| HALOZYME THERAPEUTICS INC | 179691 |
| HANCOCK WHITNEY CORP | 230140 |
| HARMONY BIOSCIENCES HOLDINGS I | 178082 |
| HARTFORD INSURANCE GROUP INC/T | 570079 |
| HASBRO INC | 600568 |
| HCA HEALTHCARE INC | 513546 |
| HELIOS TECHNOLOGIES INC | 710615 |
| HERC HOLDINGS INC | 827219 |
| HEXCEL CORP | 731241 |
| HILTON WORLDWIDE HOLDINGS INC | 2671425 |
| HNI CORP | 220416 |
| HOME BANCSHARES INC/AR | 186876 |
| HOULIHAN LOKEY INC | 171055 |
| HUBBELL INC | 1421152 |
| HUNTINGTON INGALLS INDUSTRIES | 1800671 |
| HURON CONSULTING GROUP INC | 355330 |
| ICON PLC | 264948 |
| INCYTE CORP | 2323564 |
| INGREDION INC | 113237 |
| INGREDION INC | 273114 |
| INSTALLED BUILDING PRODUCTS IN | 109203 |
| INTERDIGITAL INC | 1043331 |
| INTERDIGITAL INC | 217454 |
| INTUIT INC | 1137375 |
| INTUITIVE SURGICAL INC | 2751943 |
| INVESCO LTD | 603658 |
| IQVIA HOLDINGS INC | 778792 |
| JABIL INC | 1171567 |
| JACKSON FINANCIAL INC | 609611 |
| JACOBS SOLUTIONS INC | 175377 |
| JACOBS SOLUTIONS INC | 182530 |
| JAZZ PHARMACEUTICALS PLC | 529380 |
| JEFFERIES FINANCIAL GROUP INC | 156536 |
| JOHNSON & JOHNSON | 514892 |
| JONES LANG LASALLE INC | 379875 |
| KBR INC | 232034 |
| KEYSIGHT TECHNOLOGIES INC | 1083612 |

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| | |
|:---|:---|
| KEYSIGHT TECHNOLOGIES INC | 2488062 |
| KIMCO REALTY CORP | 190335 |
| KINDER MORGAN INC | 2369638 |
| KLA CORP | 1183488 |
| KONTOOR BRANDS INC | 225972 |
| KORN FERRY | 166568 |
| KYNDRYL HOLDINGS INC | 1992133 |
| KYNDRYL HOLDINGS INC | 136173 |
| LABCORP HOLDINGS INC | 475919 |
| LAM RESEARCH CORP | 1146050 |
| LAMAR ADVERTISING CO | 190376 |
| LAS VEGAS SANDS CORP | 594402 |
| LAUREATE EDUCATION INC | 420269 |
| LCI INDUSTRIES | 229454 |
| LEAR CORP | 210176 |
| LEAR CORP | 201811 |
| LEGALZOOM.COM INC | 263999 |
| LEIDOS HOLDINGS INC | 1037300 |
| LIFE TIME GROUP HOLDINGS INC | 632551 |
| LINCOLN ELECTRIC HOLDINGS INC | 784821 |
| LITHIA MOTORS INC | 291786 |
| LITTELFUSE INC | 133795 |
| LIVERAMP HOLDINGS INC | 148319 |
| LOUISIANA-PACIFIC CORP | 109268 |
| LYONDELLBASELL INDUSTRIES NV | 111801 |
| MACY'S INC | 550897 |
| MAGNITE INC | 417403 |
| MAPLEBEAR INC | 223641 |
| MARVELL TECHNOLOGY INC | 688763 |
| MARVELL TECHNOLOGY INC | 2148719 |
| MASCO CORP | 199074 |
| MASCO CORP | 693301 |
| MASTERCARD INC | 4978074 |
| MATSON INC | 217324 |
| MATSON INC | 217324 |
| MAXIMUS INC | 256198 |
| MCKESSON CORP | 492174 |
| MERCADOLIBRE INC | 1117914 |
| MERCK & CO INC | 665348 |
| META PLATFORMS INC | 8925077 |
| META PLATFORMS INC | 1192783 |
| METHANEX CORP | 301515 |
| METLIFE INC | 588813 |
| MICROSOFT CORP | 14841331 |
| MICROSOFT CORP | 1079440 |
| MIDDLEBY CORP/THE | 206503 |
| MIRION TECHNOLOGIES INC | 550370 |
| MODINE MANUFACTURING CO | 160212 |
| MOHAWK INDUSTRIES INC | 1748254 |
| MOLINA HEALTHCARE INC | 170416 |
| MONOLITHIC POWER SYSTEMS INC | 1044127 |
| MOSAIC CO/THE | 107152 |
| MUELLER INDUSTRIES INC | 203311 |
| MURPHY OIL CORP | 180781 |
| MURPHY USA INC | 321605 |

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| | |
|:---|:---|
| NASDAQ INC | 1011609 |
| NESTLE SA ADR | 1824467 |
| NETAPP INC | 242452 |
| NETAPP INC | 1072506 |
| NETFLIX INC | 5242122 |
| NEUROCRINE BIOSCIENCES INC | 166934 |
| NEW YORK TIMES CO/THE | 649008 |
| NEWMONT CORP | 1440336 |
| NEXTPOWER INC | 1080251 |
| NISOURCE INC | 192806 |
| NOV INC | 184997 |
| NRG ENERGY INC | 290931 |
| NUCOR CORP | 111893 |
| NUCOR CORP | 710344 |
| NVIDIA CORP | 19722935 |
| OCCIDENTAL PETROLEUM CORP | 177351 |
| OGE ENERGY CORP | 139971 |
| OPTION CARE HEALTH INC | 307290 |
| ORACLE CORP | 2467171 |
| O'REILLY AUTOMOTIVE INC | 1970683 |
| OSHKOSH CORP | 184299 |
| OVINTIV INC | 172122 |
| OWENS CORNING | 103517 |
| PACKAGING CORP OF AMERICA | 112808 |
| PARKER-HANNIFIN CORP | 646036 |
| PARKER-HANNIFIN CORP | 199524 |
| PAYCHEX INC | 1125614 |
| PEGASYSTEMS INC | 243478 |
| PENNYMAC FINANCIAL SERVICES IN | 246145 |
| PERFORMANCE FOOD GROUP CO | 697779 |
| PERMIAN RESOURCES CORP | 182166 |
| PFIZER INC | 528129 |
| PINNACLE FINANCIAL PARTNERS IN | 199979 |
| PPL CORP | 296094 |
| PREFERRED BANK/LOS ANGELES CA | 210768 |
| PRIMO BRANDS CORP | 156911 |
| PRINCIPAL FINANCIAL GROUP INC | 610590 |
| PRUDENTIAL FINANCIAL INC | 573318 |
| PUBLIC SERVICE ENTERPRISE GROU | 2708519 |
| PVH CORP | 438311 |
| QNITY ELECTRONICS INC | 105002 |
| QORVO INC | 247192 |
| QUALCOMM INC | 2482791 |
| QUEST DIAGNOSTICS INC | 331269 |
| QXO INC | 1850200 |
| RALPH LAUREN CORP | 617403 |
| RANGE RESOURCES CORP | 215086 |
| REGENERON PHARMACEUTICALS INC | 3353775 |
| REGENERON PHARMACEUTICALS INC | 578131 |
| REGIONS FINANCIAL CORP | 589588 |
| RELIANCE INC | 106304 |
| RELIANCE INC | 211742 |
| RENAISSANCERE HOLDINGS LTD | 432705 |
| ROBINHOOD MARKETS INC | 573983 |
| ROCKET COS INC | 657756 |

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| | |
|:---|:---|
| ROCKWELL AUTOMATION INC | 480501 |
| ROYAL CARIBBEAN CRUISES LTD | 202217 |
| ROYAL GOLD INC | 150490 |
| ROYALTY PHARMA PLC | 569206 |
| RYDER SYSTEM INC | 196175 |
| SALESFORCE INC | 2539162 |
| SANDISK CORP/DE | 283669 |
| SEAGATE TECHNOLOGY HOLDINGS PL | 1105691 |
| SENSATA TECHNOLOGIES HOLDING P | 279969 |
| SERVICENOW INC | 2702578 |
| SHARKNINJA INC | 617688 |
| SHARKNINJA INC | 499969 |
| SHELL PLC ADR | 184655 |
| SHOPIFY INC | 3065030 |
| SLB LTD | 191516 |
| SLM CORP | 572157 |
| SM ENERGY CO | 173349 |
| SNAP-ON INC | 189875 |
| SNOWFLAKE INC | 3717713 |
| SOLVENTUM CORP | 532968 |
| SONOCO PRODUCTS CO | 120534 |
| SOUTH BOW CORP | 240610 |
| SOUTHWEST AIRLINES CO | 2695749 |
| SOUTHWEST GAS HOLDINGS INC | 289432 |
| SPOTIFY TECHNOLOGY SA | 1623665 |
| SS&C TECHNOLOGIES HOLDINGS INC | 227379 |
| SS&C TECHNOLOGIES HOLDINGS INC | 1131302 |
| STATE STREET CORP | 612410 |
| STEEL DYNAMICS INC | 110990 |
| STERLING INFRASTRUCTURE INC | 158627 |
| STEVEN MADDEN LTD | 199622 |
| STIFEL FINANCIAL CORP | 147760 |
| STONEX GROUP INC | 301847 |
| SYNCHRONY FINANCIAL | 606202 |
| SYNCHRONY FINANCIAL | 416733 |
| TAIWAN SEMICONDUCTOR MANUFACTU ADR | 3500509 |
| TALEN ENERGY CORP | 307369 |
| TALEN ENERGY CORP | 151061 |
| TAPESTRY INC | 620451 |
| TAYLOR MORRISON HOME CORP | 201159 |
| TD SYNNEX CORP | 460305 |
| TD SYNNEX CORP | 1078501 |
| TE CONNECTIVITY PLC | 1100921 |
| TECHNIPFMC PLC | 778240 |
| TECHNIPFMC PLC | 507316 |
| TELEFLEX INC | 556380 |
| TENET HEALTHCARE CORP | 375581 |
| TENET HEALTHCARE CORP | 495806 |
| TESLA INC | 8233024 |
| TEVA PHARMACEUTICAL INDUSTRIES ADR | 3334789 |
| TEXAS INSTRUMENTS INC | 1851312 |
| TIMKEN CO/THE | 203763 |
| T-MOBILE US INC | 298672 |
| TOAST INC | 1381836 |
| TOLL BROTHERS INC | 623364 |

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| | |
|:---|:---|
| TOPBUILD CORP | 180643 |
| TOTALENERGIES SE | 182064 |
| TWILIO INC | 366552 |
| UBER TECHNOLOGIES INC | 1918714 |
| UBER TECHNOLOGIES INC | 571643 |
| UFP INDUSTRIES INC | 114632 |
| UGI CORP | 288960 |
| UNITED PARCEL SERVICE INC | 200959 |
| UNITED RENTALS INC | 194237 |
| UNITED THERAPEUTICS CORP | 538899 |
| UNIVERSAL HEALTH SERVICES INC | 275359 |
| UNUM GROUP | 547228 |
| UNUM GROUP | 179645 |
| UPWORK INC | 377472 |
| URBAN OUTFITTERS INC | 582061 |
| URBAN OUTFITTERS INC | 228941 |
| US FOODS HOLDING CORP | 375847 |
| VALLEY NATIONAL BANCORP | 559227 |
| VALMONT INDUSTRIES INC | 400308 |
| VALVOLINE INC | 187146 |
| VERIZON COMMUNICATIONS INC | 280589 |
| VERTEX PHARMACEUTICALS INC | 2590046 |
| VERTIV HOLDINGS CO | 174161 |
| VIATRIS INC | 605008 |
| VIPER ENERGY INC | 419406 |
| VISA INC | 5417417 |
| VISTEON CORP | 182117 |
| VONTIER CORP | 179394 |
| VONTIER CORP | 200103 |
| VOYA FINANCIAL INC | 466531 |
| VOYA FINANCIAL INC | 614021 |
| VULCAN MATERIALS CO | 740146 |
| WALMART INC | 4308113 |
| WALT DISNEY CO/THE | 2571202 |
| WALT DISNEY CO/THE | 3280103 |
| WALT DISNEY CO/THE | 656680 |
| WARNER BROS DISCOVERY INC | 809986 |
| WEATHERFORD INTERNATIONAL PLC | 191972 |
| WEATHERFORD INTERNATIONAL PLC | 180233 |
| WEBSTER FINANCIAL CORP | 223878 |
| WEC ENERGY GROUP INC | 1010307 |
| WELLS FARGO & CO | 2237732 |
| WESCO INTERNATIONAL INC | 210390 |
| WESTERN ALLIANCE BANCORP | 599419 |
| WEX INC | 175200 |
| WHITE MOUNTAINS INSURANCE GROU | 234817 |
| WILLIS TOWERS WATSON PLC | 1754724 |
| WINTRUST FINANCIAL CORP | 204277 |
| WYNDHAM HOTELS & RESORTS INC | 149382 |
| WYNN RESORTS LTD | 532340 |
| XPO INC | 383946 |
| ZIMMER BIOMET HOLDINGS INC | 2019603 |
| ZIONS BANCORP NA | 595001 |
| ZIONS BANCORP NA | 1236658 |
| ZOOM COMMUNICATIONS INC | 1125638 |

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| | | |
|:---|:---|:---|
| | **TOTAL CORPORATE STOCKS** | $455137837 |
| | **REGISTERED INVESTMENT COMPANIES** | |
| | DODGE & COX INTL STCK-X | $25678572 |
| | **TOTAL REGISTERED INVESTMENT COMPANIES** | $25678572 |
| | **SELF DIRECTED BROKERAGE ACCOUNT** | |
| **\*** | RETAIL MUTUAL FUNDS, EXCHANGE TRADED FUNDS, EQUITIES (OTHER THAN AEP STOCK) AND PREFERRED STOCK TRADED ON A NATIONAL SECURITIES EXCHANGE, AND FIXED INCOME SECURITIES (OTHER THAN THOSE ISSUED BY AN AFFILIATE OF THE COMPANY). | $149520188 |
|  | **TOTAL SELF-DIRECTED BROKERAGE ACCOUNT** | $149520188 |
|  | **TOTAL ASSETS AT FAIR VALUE** | $5249093358 |
| **\*** | **PARTICIPANT LOANS (Interest rates ranging from 4.25% to 10.5%, maturing through May 2048)** | $63012706 |
|  | **TOTAL NET ASSETS** | $5312106064 |
| **\*** | Party-in-interest to the Plan |  |
| Note: (d) Historical Cost is not required as all investments are participant-directed. | Note: (d) Historical Cost is not required as all investments are participant-directed. | Note: (d) Historical Cost is not required as all investments are participant-directed. |

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**AEP RETIREMENT SAVINGS 401(K) PLAN**

**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 23.1 | <u>[Consent of BDO USA, P.C.](a202511-kex231.htm)</u> |

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## Exhibit 23.1

Exhibit 23.1

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (333-178044) of American Electric Power Company, Inc. of our report dated June 25, 2026, relating to the financial statements and supplemental schedule of AEP Retirement Savings 401(k) Plan which appear in this Form 11-K for the year ended December 31, 2025.

/s/ BDO USA, P.C.

Columbus, Ohio

June 25, 2026

<br>