# EDGAR Filing Document

**Accession Number:** 0000930007
**File Stem:** 0001752724-23-067990
**Filing Date:** 2023-3
**Character Count:** 121048
**Document Hash:** 6a59a2f284bfa3efe4baca55e7e1425a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067990.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067990

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PACE SELECT ADVISORS TRUST
- **CENTRAL INDEX KEY:** 0000930007
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08764
- **FILM NUMBER:** 23764244

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC.
- **STREET 2:** 787 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-821-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC.
- **STREET 2:** 787 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UBS PACE SELECT ADVISORS TRUST
- **DATE OF NAME CHANGE:** 20020716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAINEWEBBER PACE SELECT ADVISORS TRUST
- **DATE OF NAME CHANGE:** 19980212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGED ACCOUNTS SERVICES PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 19941212

## Series and Classes Contracts Data

### PACE Intermediate Fixed Income Investments (Series ID: S000002697)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007354 | Class P      | PCIFX           |
| C000007355 | Class A      | PIFAX           |
| C000007358 | Class Y      | PIFYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PACE SELECT ADVISORS TRUST

- **b. Investment Company Act file number:** 811-08764

- **c. CIK number of Registrant:** 0000930007

- **d. LEI of Registrant:** 549300TPB2UX3QR3SC50

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

  - **Street Address 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC.

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 212-821-3000

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

- **a. Name of Series:** PACE Intermediate Fixed Income Investments

- **b. EDGAR series identifier (if any):** S000002697

- **c. LEI of Series:** 5493004WT2PUPHDKF193

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $250549410.81

**Total Liabilities:** $18126355.84

**Net Assets:** $232423054.97

**Delayed Delivery Securities:** $10017647.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -358.97000000 | **1-Year:** -10823.75000000 | **5-Year:** -36130.71000000 | **10-Year:** -27572.71000000 | **30-Year:** -7245.77000000

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

- **3-Month:** -64.80000000 | **1-Year:** -3489.44000000 | **5-Year:** -8435.17000000 | **10-Year:** -3196.61000000 | **30-Year:** -1902.65000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007355 | 3.58%                | -0.49%               | 3.75%                |
| Class ID C000007358 | 3.50%                | -0.37%               | 3.77%                |
| Class ID C000007354 | 3.60%                | -0.37%               | 3.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1638755.69             | $8918768.42                                |
| Month 2  | $-652420.02              | $-885852.99                                |
| Month 3  | $-288306.05              | $7605582.21                                |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays U.S. Aggregate (Returns Universe)

- **Index Identifier:** LEHM.MC.LEHM000001UUSD

### Schedule of Portfolio Investments

| Name                                              | Title                                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DNB BANK ASA                                      | DNB Bank ASA                                                                      | CUSIP: 25601B2D6<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   1385000 | PA      | $1342821.29   | 0.58%             | 2025-03-28      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                            | Canadian Imperial Bank of Commerce                                                | CUSIP: 13607HR61<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1340441.55   | 0.58%             | 2027-04-07      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                       | Target Corp.                                                                      | CUSIP: 87612EBP0<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1522915.98   | 0.66%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| New Jersey Transportation Trust Fund Authority    | New Jersey Transportation Trust Fund Authority                                    | CUSIP: 646136XR7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    105000 | PA      | $121331.93    | 0.05%             | 2040-12-15      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                          | Thermo Fisher Scientific, Inc.                                                    | CUSIP: 883556CT7<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    595000 | PA      | $610917.92    | 0.26%             | 2027-11-21      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| CONSTELLATION BRANDS INC                          | Constellation Brands, Inc.                                                        | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1399610.60   | 0.60%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM LLC                              | EnLink Midstream LLC                                                              | CUSIP: 29336TAD2<br>LEI: 54930000GY1H533OBE23 | Long             | DBT              | CORP              | US        |    895000 | PA      | $911781.25    | 0.39%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Bankers Healthcare Group Securitization Trust     | BHG Securitization Trust                                                          | CUSIP: 08860DAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1740877.95   | 0.75%             | 2035-10-17      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Seasoned Loan Trust                 | Credit Suisse Seasoned Loan Trust                                                 | CUSIP: 22545UAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9101 | PA      | $9081.41      | 0.00%             | 2034-10-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                  | SMB Private Education Loan Trust                                                  | CUSIP: 83208AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    176894 | PA      | $153874.68    | 0.07%             | 2053-01-15      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC       | Barclays Commercial Mortgage Trust                                                | CUSIP: 05550MAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90000 | PA      | $79102.20     | 0.03%             | 2052-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1257813.72   | 0.54%             | 2028-08-23      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                          | Capital One Financial Corp.                                                       | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    164000 | PA      | $160808.59    | 0.07%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: —       |
| MET LIFE GLOB FUNDING I                           | Metropolitan Life Global Funding I                                                | CUSIP: 59217GFD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1659298.31   | 0.71%             | 2029-08-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                | Roche Holdings, Inc.                                                              | CUSIP: 771196BV3<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1338477.68   | 0.58%             | 2027-03-10      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2020-AA                           | Delta Air Lines Pass-Through Trust                                                | CUSIP: 247361ZV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55283 | PA      | $48410.85     | 0.02%             | 2028-06-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                               | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17650000 | PA      | $12858300.69  | 5.53%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                      | ams-OSRAM AG                                                                      | CUSIP: 03217CAA4<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   1265000 | PA      | $1217603.90   | 0.52%             | 2025-07-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                          | Northwestern Mutual Global Funding                                                | CUSIP: 66815L2K4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    740000 | PA      | $732948.81    | 0.32%             | 2027-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Loan Issue No. 1, LLC | EDvestinU Private Education Loan Issue No. 3 LLC                                  | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67881 | PA      | $59144.90     | 0.03%             | 2045-11-25      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                           | HCA, Inc.                                                                         | CUSIP: 404119BQ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    473000 | PA      | $473484.72    | 0.20%             | 2025-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                   | SBA Tower Trust                                                                   | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |   2300000 | PA      | $2396232.23   | 1.03%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                 | Credit Acceptance Auto Loan Trust                                                 | CUSIP: 22535BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395000 | PA      | $373097.05    | 0.16%             | 2030-10-15      | Fixed         | 1.26%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                  | NMEF Funding LLC                                                                  | CUSIP: 62890MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2380000 | PA      | $2389584.74   | 1.03%             | 2029-06-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-1 AA PTT                          | American Airlines Pass-Through Trust                                              | CUSIP: 023761AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30084 | PA      | $27472.65     | 0.01%             | 2029-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Monroe Capital ABS Funding LTD                    | Monroe Capital ABS Funding II Ltd.                                                | CUSIP: 61035MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1699704.03   | 0.73%             | 2033-04-22      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup, Inc.                                                                   | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1256546.79   | 0.54%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co.                                                              | CUSIP: 46647PBH8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    502000 | PA      | $472240.48    | 0.20%             | 2026-03-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                            | Mosaic Solar Loan Trust                                                           | CUSIP: 61946QAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180771 | PA      | $156842.23    | 0.07%             | 2053-01-20      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Medline Borrower, LP                              | Medline Borrower LP                                                               | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   1236884 | PA      | $1199604.72   | 0.52%             | 2028-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                            | Blackstone Private Credit Fund                                                    | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    209000 | PA      | $182825.71    | 0.08%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                          | Teachers Insurance & Annuity Association of America                               | CUSIP: 878091BD8<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1459821.36   | 0.63%             | 2044-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                  | SMB Private Education Loan Trust                                                  | CUSIP: 78448YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $89954.08     | 0.04%             | 2053-01-15      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                          | RenaissanceRe Holdings Ltd.                                                       | CUSIP: 75968NAD3<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |   1440000 | PA      | $1336488.94   | 0.58%             | 2029-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                      | MPH Acquisition Holdings LLC                                                      | CUSIP: 55328HAK7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   1296717 | PA      | $1163596.19   | 0.50%             | 2028-09-01      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                            | Harvest Midstream I LP                                                            | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1185418.75   | 0.51%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                  | SMB Private Education Loan Trust                                                  | CUSIP: 83189DAC4<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |     80745 | PA      | $79727.75     | 0.03%             | 2035-10-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                          | F&G Annuities & Life, Inc.                                                        | CUSIP: 30190AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2162554.95   | 0.93%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | Future                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        65 | NC      | $56395.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC Trust                                                                        | CUSIP: 12659RAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $110478.04    | 0.05%             | 2031-07-15      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust             | Westlake Automobile Receivables Trust                                             | CUSIP: 96043JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325237 | PA      | $323251.14    | 0.14%             | 2024-09-16      | Fixed         | 0.57%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137FHQ22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    539380 | PA      | $524769.66    | 0.23%             | 2025-07-25      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    578000 | PA      | $550420.93    | 0.24%             | 2028-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                  | ASB Bank Ltd.                                                                     | CUSIP: 04342JAA5<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   1500000 | PA      | $1446726.36   | 0.62%             | 2032-06-17      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC              | SoFi Professional Loan Program LLC                                                | CUSIP: 83406EAC9<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |     64224 | PA      | $61893.78     | 0.03%             | 2042-02-25      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                                | Diageo Capital PLC                                                                | CUSIP: 25243YBH1<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    585000 | PA      | $633272.36    | 0.27%             | 2033-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAE Systems Holdings Inc                          | BAE Systems Holdings, Inc.                                                        | CUSIP: 05523UAK6<br>LEI: MF62XBVMNYTYMC18DL76 | Long             | DBT              | CORP              | US        |   1681000 | PA      | $1648370.80   | 0.71%             | 2024-10-07      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuers LLC                  | Aligned Data Centers Issuer LLC                                                   | CUSIP: 01627AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2373376.21   | 1.02%             | 2047-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                          | Benchmark Mortgage Trust                                                          | CUSIP: 08160KAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    111000 | PA      | $87993.31     | 0.04%             | 2072-12-15      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                    | Morgan Stanley Capital I Trust                                                    | CUSIP: 61691MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290000 | PA      | $286360.01    | 0.12%             | 2035-07-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| One Bryant Park Trust                             | One Bryant Park Trust                                                             | CUSIP: 68236JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $1948931.22   | 0.84%             | 2054-09-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 AA PTT                          | United Airlines Pass-Through Trust                                                | CUSIP: 909318AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16182 | PA      | $14380.18     | 0.01%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                  | SMB Private Education Loan Trust                                                  | CUSIP: 78449PAC3<br>LEI: 549300QHI21JZK7YIR34 | Long             | ABS-O            | CORP              | US        |    285805 | PA      | $280955.78    | 0.12%             | 2036-02-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd                                  | Enstar Group Ltd.                                                                 | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   1400000 | PA      | $1311887.50   | 0.56%             | 2029-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT                            | American Airlines Pass-Through Trust                                              | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     38757 | PA      | $35445.49     | 0.02%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                        | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1343140.34   | 0.58%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                                 | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    905000 | PA      | $986550.74    | 0.42%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending             | Cantor Commercial Real Estate Lending                                             | CUSIP: 12529TBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101000 | PA      | $83200.09     | 0.04%             | 2053-01-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                               | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1325000 | PA      | $1011709.96   | 0.44%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                 | State Street Corp.                                                                | CUSIP: 857477BY8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    555000 | PA      | $582946.03    | 0.25%             | 2028-11-04      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137BBBE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2287434 | PA      | $20163.04     | 0.01%             | 2024-03-25      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                      | State Street Navigator Securities Lending Government Money Market Portfolio       | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   6075808 | NS      | $6075807.50   | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137H7QH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    605000 | PA      | $537384.66    | 0.23%             | 2032-05-25      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust 2022-LPFL           | MTN Commercial Mortgage Trust                                                     | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1961842.20   | 0.84%             | 2039-03-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                          | Penske Truck Leasing Co. LP/PTL Finance Corp.                                     | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    760000 | PA      | $779215.98    | 0.34%             | 2028-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC Trust                                                                        | CUSIP: 12652FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $240885.63    | 0.10%             | 2032-11-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust                                                                          | CUSIP: 05608UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    950000 | PA      | $947621.20    | 0.41%             | 2039-10-15      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| CenturyLink, Inc.                                 | CenturyLink, Inc.                                                                 | CUSIP: 15669GAF1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   1074933 | PA      | $1052982.79   | 0.45%             | 2025-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                           | Duke Energy Florida LLC                                                           | CUSIP: 26444HAN1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    880000 | PA      | $997032.59    | 0.43%             | 2052-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                               | JPMorgan Chase & Co.                                                              | CUSIP: 46647PAP1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    820000 | PA      | $816969.09    | 0.35%             | 2024-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER                        | Elara HGV Timeshare Issuer LLC                                                    | CUSIP: 28415PAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24309 | PA      | $24144.87     | 0.01%             | 2028-04-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                            | Bank of New York Mellon Corp.                                                     | CUSIP: 06406RAB3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1340777.17   | 0.58%             | 2028-02-07      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                               | CommonSpirit Health                                                               | CUSIP: 20268JAK9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    965000 | PA      | $1006057.71   | 0.43%             | 2027-11-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust                                                      | CUSIP: 12434FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215000 | PA      | $210493.34    | 0.09%             | 2038-12-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                    | Morgan Stanley Capital I Trust                                                    | CUSIP: 61765DAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $502131.24    | 0.22%             | 2048-05-15      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                            | HAT Holdings I LLC/HAT Holdings II LLC                                            | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              |  | US        |   1515000 | PA      | $1344562.50   | 0.58%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                         | Nelnet Student Loan Trust                                                         | CUSIP: 64035DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473433 | PA      | $423073.33    | 0.18%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT                          | American Airlines Pass-Through Trust                                              | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39572 | PA      | $35252.58     | 0.02%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica | FRESB Mortgage Trust                                                              | CUSIP: 30308GAH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    188851 | PA      | $178187.19    | 0.08%             | 2039-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust            | Santander Drive Auto Receivables Trust                                            | CUSIP: 80287FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2306777.22   | 0.99%             | 2031-03-17      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                           | CarMax Auto Owner Trust                                                           | CUSIP: 14317HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    287406 | PA      | $284722.16    | 0.12%             | 2025-05-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| ENSTAR FINANCE LLC                                | Enstar Finance LLC                                                                | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1237199.63   | 0.53%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                     | New Jersey Turnpike Authority                                                     | CUSIP: 646140EA7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |     25000 | PA      | $19412.57     | 0.01%             | 2040-01-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                               | Arbor Realty SR, Inc.                                                             | CUSIP: 03881NAC1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |   1790000 | PA      | $1795876.52   | 0.77%             | 2027-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                       | Southern Co.                                                                      | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    480000 | PA      | $511708.21    | 0.22%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137H73P6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    385000 | PA      | $337145.96    | 0.15%             | 2032-03-25      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                         | College Ave Student Loans LLC                                                     | CUSIP: 19424KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59011 | PA      | $57493.64     | 0.02%             | 2051-07-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                         | College Ave Student Loans LLC                                                     | CUSIP: 19424WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115310 | PA      | $101931.39    | 0.04%             | 2055-07-26      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| Jazz Financing Lux S.a.r.l.                       | Jazz Financing Lux Sarl                                                           | CUSIP: 000000000<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |   1186660 | PA      | $1184986.84   | 0.51%             | 2028-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust  | GoodLeap Sustainable Home Solutions Trust                                         | CUSIP: 38237HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106484 | PA      | $86773.10     | 0.04%             | 2048-10-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Verscend Holding Corp.                            | Verscend Holding Corp.                                                            | CUSIP: 92531HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    847848 | PA      | $845423.25    | 0.36%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust                                                      | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291915 | PA      | $283786.04    | 0.12%             | 2038-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| STEWART INFORMATION SERV                          | Stewart Information Services Corp.                                                | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1341453.00   | 0.58%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                             | Truist Financial Corp.                                                            | CUSIP: 89788MAK8<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    580000 | PA      | $632043.41    | 0.27%             | 2033-10-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                          | Marsh & McLennan Cos., Inc.                                                       | CUSIP: 571748BR2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1577598.94   | 0.68%             | 2032-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                       | Extended Stay America Trust                                                       | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400239 | PA      | $394506.83    | 0.17%             | 2038-07-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                       | Cargill, Inc.                                                                     | CUSIP: 141781BZ6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    810000 | PA      | $844475.21    | 0.36%             | 2032-10-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                | New York State Dormitory Authority                                                | CUSIP: 64990FD92<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    120000 | PA      | $103725.56    | 0.04%             | 2030-03-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                | Regional Management Issuance Trust                                                | CUSIP: 75907UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $208056.99    | 0.09%             | 2033-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                                     | Sutter Health                                                                     | CUSIP: 86944BAG8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16822.81     | 0.01%             | 2030-08-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1128000 | PA      | $966652.90    | 0.42%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust                                                                          | CUSIP: 05608UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $998747.80    | 0.43%             | 2039-10-15      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                          | Connect Finco SARL/Connect U.S. Finco LLC                                         | CUSIP: 20752TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1255000 | PA      | $1200093.75   | 0.52%             | 2026-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                 | Credit Acceptance Auto Loan Trust                                                 | CUSIP: 22535MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67035 | PA      | $66457.25     | 0.03%             | 2029-07-16      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust       | Arbor Multifamily Mortgage Securities Trust                                       | CUSIP: 03881BAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465000 | PA      | $407075.42    | 0.18%             | 2053-05-15      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND C                          | Archer-Daniels-Midland Co.                                                        | CUSIP: 039482AD6<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1330365.84   | 0.57%             | 2032-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                            | Protective Life Global Funding                                                    | CUSIP: 74368CBL7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1342840.94   | 0.58%             | 2025-03-28      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust         | Taubman Centers Commercial Mortgage Trust                                         | CUSIP: 87666YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $254320.79    | 0.11%             | 2037-05-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                           | Dell International LLC/EMC Corp.                                                  | CUSIP: 24703DBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1174076.16   | 0.51%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                | Realty Income Corp.                                                               | CUSIP: 756109BR4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    500000 | PA      | $500874.76    | 0.22%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | Future                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        45 | NC      | $22058.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                          | Benchmark Mortgage Trust                                                          | CUSIP: 08160KAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $178426.46    | 0.08%             | 2072-12-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                         | Boeing Co.                                                                        | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1493640.58   | 0.64%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                               | Nestle Holdings, Inc.                                                             | CUSIP: 641062BE3<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $2023928.46   | 0.87%             | 2053-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                  | Tharaldson Hotel Portfolio Trust                                                  | CUSIP: 88327HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     81008 | PA      | $79172.02     | 0.03%             | 2034-11-11      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                               | COMM Mortgage Trust                                                               | CUSIP: 12591VAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $142186.88    | 0.06%             | 2047-04-10      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                                | CUSIP: 29273RAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     74000 | PA      | $74000.00     | 0.03%             | 2023-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SESAC Finance, LLC                                | Sesac Finance LLC                                                                 | CUSIP: 78396YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115800 | PA      | $107389.10    | 0.05%             | 2049-07-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                 | NatWest Group PLC                                                                 | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1030000 | PA      | $1089560.91   | 0.47%             | 2026-11-10      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                          | Capital One Financial Corp.                                                       | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1382109.34   | 0.59%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                               | JPMorgan Chase & Co.                                                              | CUSIP: 46647PBA3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    495000 | PA      | $483594.77    | 0.21%             | 2027-01-29      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| AON CORP                                          | Aon Corp.                                                                         | CUSIP: 037389BE2<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    361000 | PA      | $319628.25    | 0.14%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                     | Nordstrom, Inc.                                                                   | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1183436.75   | 0.51%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                       | Equinor ASA                                                                       | CUSIP: 29446MAK8<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |   1555000 | PA      | $1369546.45   | 0.59%             | 2030-05-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                  | OneMain Financial Issuance Trust                                                  | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1610000 | PA      | $1623976.57   | 0.70%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power           | Los Angeles Department of Water & Power                                           | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    145000 | PA      | $180772.38    | 0.08%             | 2045-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                            | Lendmark Funding Trust                                                            | CUSIP: 52607MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $182765.39    | 0.08%             | 2031-11-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust  | GoodLeap Sustainable Home Solutions Trust                                         | CUSIP: 38237TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    219664 | PA      | $209262.74    | 0.09%             | 2049-07-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                        | Navient Private Education Refi Loan Trust                                         | CUSIP: 63942CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329526 | PA      | $306497.10    | 0.13%             | 2060-04-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                              | Bank of America Corp.                                                             | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    840000 | PA      | $808665.18    | 0.35%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                              | Westpac Banking Corp.                                                             | CUSIP: 961214FK4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1150000 | PA      | $1198377.04   | 0.52%             | 2027-11-18      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA, Inc.                                                                         | CUSIP: 404119CF4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    596000 | PA      | $529234.73    | 0.23%             | 2032-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                            | Mosaic Solar Loans LLC                                                            | CUSIP: 61946GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50554 | PA      | $48487.63     | 0.02%             | 2043-06-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                            | SLM Private Education Loan Trust                                                  | CUSIP: 78445QAE1<br>LEI: 549300JEA36NHBYED811 | Long             | ABS-O            | CORP              | US        |    399879 | PA      | $429719.01    | 0.18%             | 2041-10-15      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust             | Wells Fargo Commercial Mortgage Trust                                             | CUSIP: 95001JAX5<br>LEI: 549300AGZIS1CJS4RM30 | Long             | ABS-MBS          | CORP              | US        |    445000 | PA      | $433255.29    | 0.19%             | 2051-05-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                            | Verizon Communications, Inc.                                                      | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    774000 | PA      | $702923.84    | 0.30%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                            | Santander Holdings USA, Inc.                                                      | CUSIP: 80282KBE5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    855000 | PA      | $864177.30    | 0.37%             | 2026-09-09      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                       | KeyBank NA                                                                        | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1131773.29   | 0.49%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                          | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1420000 | PA      | $1349400.88   | 0.58%             | 2028-03-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST                         | Nelnet Student Loan Trust                                                         | CUSIP: 64035GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    427223 | PA      | $417899.15    | 0.18%             | 2062-04-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                   | NGPL PipeCo LLC                                                                   | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                          | Benchmark Mortgage Trust                                                          | CUSIP: 08163RBQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $267003.84    | 0.11%             | 2055-05-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                       | PepsiCo, Inc.                                                                     | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1353185.59   | 0.58%             | 2032-07-18      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                               | American Express Co.                                                              | CUSIP: 025816DB2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1110576.23   | 0.48%             | 2027-11-05      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                          | CUSIP: 539439AW9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $696874.30    | 0.30%             | 2033-11-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust                                                                          | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535000 | PA      | $517801.68    | 0.22%             | 2036-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                            | Blackstone Private Credit Fund                                                    | CUSIP: 09261HAH0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1357401.58   | 0.58%             | 2024-11-22      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137H7M91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    270000 | PA      | $237955.05    | 0.10%             | 2032-04-25      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust       | MF1 Trust                                                                         | CUSIP: 55284DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $348353.37    | 0.15%             | 2034-12-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust                                                                          | CUSIP: 05609XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2020000 | PA      | $2006920.50   | 0.86%             | 2027-10-13      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                 | Newell Brands, Inc.                                                               | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1000164.05   | 0.43%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Banc of America Merrill Lynch Large Loan Inc      | BAMLL Commercial Mortgage Securities Trust                                        | CUSIP: 054966AL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1108227.06   | 0.48%             | 2032-11-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                          | Corebridge Financial, Inc.                                                        | CUSIP: 21871XAN9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1273266.82   | 0.55%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2019-XL              | BX Commercial Mortgage Trust                                                      | CUSIP: 056054AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    318375 | PA      | $316985.15    | 0.14%             | 2036-10-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137F83S0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1187623 | PA      | $70844.68     | 0.03%             | 2030-10-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | Future                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       145 | NC      | $172196.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fanniemae-Aces                                    | Federal National Mortgage Association-Aces                                        | CUSIP: 3136BLN89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    325000 | PA      | $275039.28    | 0.12%             | 2034-01-01      | Variable      | 2.37%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | Future                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        29 | NC      | $-10950.69    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                            | CNH Industrial Capital LLC                                                        | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    775000 | PA      | $787713.36    | 0.34%             | 2025-10-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp.                                                             | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    836000 | PA      | $749752.31    | 0.32%             | 2030-07-23      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| State of California                               | State of California                                                               | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $93214.87     | 0.04%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                          | Svenska Handelsbanken AB                                                          | CUSIP: 86959LAL7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1400000 | PA      | $1367738.20   | 0.59%             | 2027-06-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust             | Wells Fargo Commercial Mortgage Trust                                             | CUSIP: 95001QAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $130890.42    | 0.06%             | 2051-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                 | Credit Acceptance Auto Loan Trust                                                 | CUSIP: 22534LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | PA      | $485894.67    | 0.21%             | 2032-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust     | JP Morgan Chase Commercial Mortgage Securities Trust                              | CUSIP: 46593EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $351890.78    | 0.15%             | 2039-03-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Issuance Trust                                                            | CUSIP: 68378PAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2290000 | PA      | $2287872.13   | 0.98%             | 2030-01-08      | Fixed         | 8.53%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                          | Toyota Motor Credit Corp.                                                         | CUSIP: 89236TKL8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2394351.65   | 1.03%             | 2027-11-10      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co.                                                                 | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1344747.50   | 0.58%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                              | Royal Bank of Canada                                                              | CUSIP: 78016FZU1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1295000 | PA      | $1367981.40   | 0.59%             | 2027-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                               | Southern California Edison Co.                                                    | CUSIP: 842400HT3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    585000 | PA      | $636778.53    | 0.27%             | 2032-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                         | College Ave Student Loans LLC                                                     | CUSIP: 19424WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $85823.31     | 0.04%             | 2055-07-26      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                    | Mariner Finance Issuance Trust                                                    | CUSIP: 56848DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $156962.54    | 0.07%             | 2036-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC/CCO Holdings Capital Corp.                                       | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $671675.00    | 0.29%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                | One New York Plaza Trust                                                          | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $228091.34    | 0.10%             | 2036-01-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Funding                    | Golub Capital Partners ABS Funding Ltd.                                           | CUSIP: 38179EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1910000 | PA      | $1797773.37   | 0.77%             | 2030-07-22      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                     | Starwood Property Trust, Inc.                                                     | CUSIP: 85570DAH5<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |    765000 | PA      | $759583.80    | 0.33%             | 2027-11-18      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| UGI Energy Services, LLC                          | UGI Energy Services LLC                                                           | CUSIP: 90276DAB5<br>LEI: 5493001O7RUKEUP5XR11 | Long             | LON              | CORP              | US        |   1181938 | PA      | $1181016.07   | 0.51%             | 2026-08-13      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                           | University of Minnesota                                                           | CUSIP: 914460WT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     78000 | PA      | $73263.24     | 0.03%             | 2052-04-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust       | MF1 Trust                                                                         | CUSIP: 55284DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $96030.06     | 0.04%             | 2034-12-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                             | American Homes 4 Rent Trust                                                       | CUSIP: 02665XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    428476 | PA      | $418117.19    | 0.18%             | 2036-12-17      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily WI Certificates                 | Federal Home Loan Mortgage Corp. Multifamily WI Certificates Series               | CUSIP: 3137H74J9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    170000 | PA      | $155241.79    | 0.07%             | 2032-07-25      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| SWISS RE FINANCE LUX                              | Swiss Re Finance Luxembourg SA                                                    | CUSIP: 87089NAA8<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |   2600000 | PA      | $2512406.00   | 1.08%             | 2049-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                            | Fairfax Financial Holdings Ltd.                                                   | CUSIP: 303901BK7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1362682.73   | 0.59%             | 2032-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                            | Blackstone Mortgage Trust, Inc.                                                   | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |   1345000 | PA      | $1186370.70   | 0.51%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137F84J9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    720000 | PA      | $46933.06     | 0.02%             | 2029-12-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                  | SMB Private Education Loan Trust                                                  | CUSIP: 78449QAC1<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |    363765 | PA      | $357120.78    | 0.15%             | 2035-11-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| University of Michigan                            | University of Michigan                                                            | CUSIP: 914455UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     93000 | PA      | $79090.26     | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1374976.00   | 0.59%             | 2030-03-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                        | Navient Private Education Refi Loan Trust                                         | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     63626 | PA      | $56229.33     | 0.02%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                             | MidAmerican Energy Co.                                                            | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    204000 | PA      | $196214.35    | 0.08%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC              | SoFi Professional Loan Program LLC                                                | CUSIP: 83390UAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100450 | PA      | $90947.66     | 0.04%             | 2046-02-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                | City of Houston                                                                   | CUSIP: 4423313K8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     85000 | PA      | $77849.53     | 0.03%             | 2047-03-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2019-1AA                          | Delta Air Lines Pass-Through Trust                                                | CUSIP: 24737BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $99926.70     | 0.04%             | 2024-04-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust     | JP Morgan Chase Commercial Mortgage Securities Trust                              | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85041 | PA      | $83873.22     | 0.04%             | 2038-04-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| NFAS, Llc                                         | NFAS2 LLC                                                                         | CUSIP: 62909JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1090000 | PA      | $1090449.73   | 0.47%             | 2028-09-15      | Fixed         | 7.59%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp.                                                             | CUSIP: 06051GJD2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    870000 | PA      | $796847.18    | 0.34%             | 2026-06-19      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                        | Navient Private Education Refi Loan Trust                                         | CUSIP: 63942AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $82339.84     | 0.04%             | 2069-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                      | State Street Institutional US Government Money Market Fund                        | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   7283560 | NS      | $7283560.45   | 3.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                           | Scentre Group Trust 1/Scentre Group Trust 2                                       | CUSIP: 80622GAE4<br>LEI: N/A                  | Long             | DBT              |  | AU        |   1363000 | PA      | $1273713.77   | 0.55%             | 2030-05-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                    | Morgan Stanley                                                                    | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1343291.70   | 0.58%             | 2028-07-22      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                 | Credit Acceptance Auto Loan Trust                                                 | CUSIP: 22537CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540000 | PA      | $521456.29    | 0.22%             | 2030-02-15      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                                | CUSIP: 29273VAH3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2280850.00   | 0.98%             | 2023-02-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY DIRECT                             | Morgan Stanley Direct Lending Fund                                                | CUSIP: 61774AAD5<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $969873.79    | 0.42%             | 2027-02-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                         | Nelnet Student Loan Trust                                                         | CUSIP: 64034QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    673185 | PA      | $660529.36    | 0.28%             | 2062-04-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                        | Navient Private Education Refi Loan Trust                                         | CUSIP: 63941CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155423 | PA      | $153581.78    | 0.07%             | 2059-12-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                          | Hess Midstream Operations LP                                                      | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1398915.00   | 0.60%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                        | BFLD Trust                                                                        | CUSIP: 054970AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $345166.33    | 0.15%             | 2034-10-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME COR                          | OWL Rock Core Income Corp.                                                        | CUSIP: 69120VAN1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    710000 | PA      | $715369.80    | 0.31%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                             | Athene Global Funding                                                             | CUSIP: 04685A2N0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1482382.75   | 0.64%             | 2025-06-29      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                                   | Nevada Power Co.                                                                  | CUSIP: 641423CF3<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    935000 | PA      | $1067715.24   | 0.46%             | 2053-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust     | JP Morgan Chase Commercial Mortgage Securities Trust                              | CUSIP: 46591JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    111882 | PA      | $108357.15    | 0.05%             | 2029-09-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                               | JPMorgan Chase & Co.                                                              | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    793000 | PA      | $762236.52    | 0.33%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                      | Oxford Finance Funding Trust                                                      | CUSIP: 69145CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1970000 | PA      | $1970000.00   | 0.85%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                             | Truist Financial Corp.                                                            | CUSIP: 89788MAG7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1339950.45   | 0.58%             | 2028-06-06      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                 | Credit Acceptance Auto Loan Trust                                                 | CUSIP: 22535GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $269090.42    | 0.12%             | 2030-05-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | Future                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        30 | NC      | $-33046.86    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                           | Bristol-Myers Squibb Co.                                                          | CUSIP: 110122DW5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1331694.80   | 0.57%             | 2052-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                       | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1178470.75   | 0.51%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                        | Navient Student Loan Trust                                                        | CUSIP: 63890BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27209 | PA      | $26563.46     | 0.01%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                          | Huntington National Bank                                                          | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1290189.12   | 0.56%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| State of Texas                                    | State of Texas                                                                    | CUSIP: 882724YC5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     50000 | PA      | $37897.68     | 0.02%             | 2041-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freedom Financial                                 | FREED ABS Trust                                                                   | CUSIP: 35634JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2150000 | PA      | $2156499.24   | 0.93%             | 2029-12-18      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup, Inc.                                                                   | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    742000 | PA      | $689727.95    | 0.30%             | 2028-02-24      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 AA PTT                          | American Airlines Pass-Through Trust                                              | CUSIP: 023771R91<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     93158 | PA      | $81781.32     | 0.04%             | 2028-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                           | Public Service Electric & Gas Co.                                                 | CUSIP: 74456QCJ3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1326480.47   | 0.57%             | 2032-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                  | ASB Bank Ltd.                                                                     | CUSIP: 00216LAF0<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   1260000 | PA      | $1287958.90   | 0.55%             | 2027-11-29      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                      | CD Mortgage Trust                                                                 | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $285155.37    | 0.12%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                    | Mariner Finance Issuance Trust                                                    | CUSIP: 56847QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1830000 | PA      | $1846068.13   | 0.79%             | 2037-10-20      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Bank                                              | Bank                                                                              | CUSIP: 06541MBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $217914.36    | 0.09%             | 2055-06-15      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                    | Morgan Stanley Capital I Trust                                                    | CUSIP: 61692AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241000 | PA      | $232087.68    | 0.10%             | 2036-12-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                    | Morgan Stanley                                                                    | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    885000 | PA      | $972874.53    | 0.42%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2015-1 AA PTT                          | United Airlines Pass-Through Trust                                                | CUSIP: 90932LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32228 | PA      | $29212.26     | 0.01%             | 2027-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                      | AutoZone, Inc.                                                                    | CUSIP: 053332BB7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1350008.03   | 0.58%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                         | College Ave Student Loans LLC                                                     | CUSIP: 19424WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228911 | PA      | $221320.61    | 0.10%             | 2055-07-26      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                 | Credit Acceptance Auto Loan Trust                                                 | CUSIP: 22534QAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2363411.41   | 1.02%             | 2033-02-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                          | First American Financial Corp.                                                    | CUSIP: 31847RAH5<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $964489.88    | 0.41%             | 2031-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| COMERICA BANK                                     | Comerica Bank                                                                     | CUSIP: 200339EX3<br>LEI: 70WY0ID1N53Q4254VH70 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1273148.58   | 0.55%             | 2033-08-25      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                          | Elanco Animal Health, Inc.                                                        | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1225131.00   | 0.53%             | 2028-08-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: —       |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1300450.00   | 0.56%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup, Inc.                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1198000 | PA      | $1016637.55   | 0.44%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| WMRK Commercial Mortgage Trust                    | WMRK Commercial Mortgage Trust                                                    | CUSIP: 929342AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2330000 | PA      | $2328531.40   | 1.00%             | 2027-11-15      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                               | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11845000 | PA      | $7181493.92   | 3.09%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                  | SMB Private Education Loan Trust                                                  | CUSIP: 78448YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540149 | PA      | $523736.95    | 0.23%             | 2053-01-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                           | Atlantica Sustainable Infrastructure PLC                                          | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |   1110000 | PA      | $987900.00    | 0.43%             | 2028-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                               | Ashtead Capital, Inc.                                                             | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504567.35   | 0.65%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-1 AA PTT                          | United Airlines Pass-Through Trust                                                | CUSIP: 90931CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57991 | PA      | $53368.11     | 0.02%             | 2031-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Cold Storage Trust                                | Cold Storage Trust                                                                | CUSIP: 193051AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530815 | PA      | $522834.66    | 0.22%             | 2037-11-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust  | GoodLeap Sustainable Home Solutions Trust                                         | CUSIP: 38237GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190026 | PA      | $145385.56    | 0.06%             | 2048-07-20      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                | Athene Holding Ltd.                                                               | CUSIP: 04686JAF8<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | BM        |   1175000 | PA      | $1241457.73   | 0.53%             | 2033-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                      | Ford Credit Auto Lease Trust                                                      | CUSIP: 34528LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    363830 | PA      | $360766.41    | 0.16%             | 2024-10-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                               | Fifth Third Bancorp                                                               | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    925000 | PA      | $978752.67    | 0.42%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                      | DNB Bank ASA                                                                      | CUSIP: 23341CAC7<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   1175000 | PA      | $1188724.51   | 0.51%             | 2026-10-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-1 AA PTT                          | American Airlines Pass-Through Trust                                              | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     48344 | PA      | $43781.70     | 0.02%             | 2028-01-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                    | Home Depot, Inc.                                                                  | CUSIP: 437076CS9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1275325.83   | 0.55%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| AIR CANADA 2017-1AA PTT                           | Air Canada Pass-Through Trust                                                     | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     43098 | PA      | $37713.82     | 0.02%             | 2030-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                         | College Ave Student Loans LLC                                                     | CUSIP: 19425AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74984 | PA      | $64626.02     | 0.03%             | 2052-06-25      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust           | Capital One Multi-Asset Execution Trust                                           | CUSIP: 14041NGA3<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   1189000 | PA      | $1162894.20   | 0.50%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| INTACT FINANCIAL CORP                             | Intact Financial Corp.                                                            | CUSIP: 45823TAL0<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | DBT              | CORP              | CA        |    915000 | PA      | $934410.88    | 0.40%             | 2032-09-22      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                | Regional Management Issuance Trust                                                | CUSIP: 75907JAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2360000 | PA      | $2417884.19   | 1.04%             | 2032-11-17      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                               | COMM Mortgage Trust                                                               | CUSIP: 12593PAV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249876 | PA      | $241814.64    | 0.10%             | 2048-08-10      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                          | Store Master Funding I-VII XIV XIX XX                                             | CUSIP: 86190BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1011925 | PA      | $862358.04    | 0.37%             | 2051-06-20      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                      | ING Groep NV                                                                      | CUSIP: 456837BA0<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1359715.91   | 0.59%             | 2026-03-28      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                      | GS Mortgage Securities Corp. Trust                                                | CUSIP: 36269CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $318442.24    | 0.14%             | 2036-08-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1217000 | PA      | $1115882.88   | 0.48%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                | New York State Dormitory Authority                                                | CUSIP: 64990FE26<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    165000 | PA      | $140784.30    | 0.06%             | 2031-03-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 AA PTT                          | United Airlines Pass-Through Trust                                                | CUSIP: 90932JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44226 | PA      | $36868.26     | 0.02%             | 2032-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                          | Avolon Holdings Funding Ltd.                                                      | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1474459.53   | 0.63%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bills                                                               | CUSIP: 912796YU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    775000 | PA      | $768085.57    | 0.33%             | 2023-04-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                                 | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1800000 | PA      | $1523113.02   | 0.66%             | 2031-06-04      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust 2022-1                          | T-Mobile U.S. Trust                                                               | CUSIP: 87267WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2308220.43   | 0.99%             | 2028-05-22      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                          | Western Midstream Operating LP                                                    | CUSIP: 958667AB3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1346550.00   | 0.58%             | 2025-02-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Prodigy Finance Designated Activity Co            | Prodigy Finance CM2021-1 DAC                                                      | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |    203468 | PA      | $199240.80    | 0.09%             | 2051-07-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** PACE SELECT ADVISORS TRUST

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer