# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0001752724-25-148542
**Filing Date:** 2025-6
**Character Count:** 105315
**Document Hash:** f0af517a937026acae87fa9a376621fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-148542.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-148542

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001048702

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08495
- **FILM NUMBER:** 251057096

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19991015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE INVESTING FOUNDATION III
- **DATE OF NAME CHANGE:** 19971029

## Series and Classes Contracts Data

### Nationwide Invesco Core Plus Bond Fund (Series ID: S000039094)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000120179 | Class A                     | NWCPX           |
| C000120180 | Institutional Service Class | NWCSX           |
| C000120181 | Class R6                    | NWCIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Mutual Funds

- **b. Investment Company Act file number:** 811-08495

- **c. CIK number of Registrant:** 0001048702

- **d. LEI of Registrant:** 549300NXDT8MH8Z3PQ44

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

  - **Street Address 1:** One Nationwide Plaza

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** Nationwide BNY Mellon Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000039094

- **c. LEI of Series:** 549300JU8OD8JPWTAH16

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $23247259.34

**Total Liabilities:** $732565.21

**Net Assets:** $22514694.13

**Cash Not Reported:** $155100.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1.62745500 | **1-Year:** 385.20457700 | **5-Year:** 2643.58123700 | **10-Year:** 4673.87821700 | **30-Year:** 881.00900600

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

- **3-Month:** 1.12611900 | **1-Year:** 92.98972400 | **5-Year:** 332.74111700 | **10-Year:** 72.41273500 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000120180 | 2.13%                | -0.33%               | 0.22%                |
| Class ID C000120181 | 2.13%                | -0.33%               | 0.22%                |
| Class ID C000120179 | 2.14%                | -0.33%               | 0.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-36096.06               | $407837.24                                 |
| Month 2  | $8824.88                 | $-146729.60                                |
| Month 3  | $1391.84                 | $-64340.58                                 |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Total Return

- **Index Identifier:** LEHM.MC.LEHMRT00001UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Co.                                                          | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    189000 | PA      | $194960.47    | 0.87%             | 2033-09-14      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| EnFin Residential Solar Receivables Trust                 | EnFin Residential Solar Receivables Trust, Series 2024-2A, Class A            | CUSIP: 29281EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139265 | PA      | $131509.36    | 0.58%             | 2055-09-20      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline LP                           | Plains All American Pipeline LP                                               | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $36758.33     | 0.16%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                                       | Suzano Austria GmbH                                                           | CUSIP: 86964WAJ1<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |     59000 | PA      | $53330.92     | 0.24%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                               | ONEOK, Inc.                                                                   | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12461.77     | 0.06%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Romania                                                   | Romania Government Bond                                                       | CUSIP: 77586RAV2<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     70000 | PA      | $62035.40     | 0.28%             | 2035-03-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                         | Philip Morris International, Inc.                                             | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     27000 | PA      | $28297.66     | 0.13%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AES Corp. (The)                                           | AES Corp. (The)                                                               | CUSIP: 00130HCG8<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    216000 | PA      | $184879.56    | 0.82%             | 2031-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: —       |
| United Kingdom of Great Britain and Northern Ireland      | U.K. Treasury                                                                 | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |    600000 | PA      | $368065.09    | 1.63%             | 2053-07-31      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                              | Santander Holdings USA, Inc.                                                  | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41472.54     | 0.18%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                            | EPR Properties                                                                | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44606.11     | 0.20%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                  | Angel Oak Mortgage Trust, Series 2024-3, Class A2                             | CUSIP: 03466HAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110982 | PA      | $109722.91    | 0.49%             | 2068-11-26      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Store Capital LLC                                         | Store Capital LLC                                                             | CUSIP: 862123AA4<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56851.65     | 0.25%             | 2030-04-30      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd.                                   | Rockford Tower CLO Ltd., Series 2025-1A, Class A1                             | CUSIP: 77341AAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248750.00    | 1.10%             | 2038-03-31      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3138EPKD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.29         | 0.00%             | 2033-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group, Inc.                     | Public Service Enterprise Group, Inc.                                         | CUSIP: 744573AX4<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57800.88     | 0.26%             | 2033-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | Alexandria Real Estate Equities, Inc.                                         | CUSIP: 015271BA6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     36000 | PA      | $33750.22     | 0.15%             | 2035-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP | Phillips Edison Grocery Center Operating Partnership I LP                     | CUSIP: 71845JAB4<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57660.16     | 0.26%             | 2034-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                 | Nippon Life Insurance Co.                                                     | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202906.66    | 0.90%             | 2055-04-30      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Exelon Corp.                                              | Exelon Corp.                                                                  | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20878.37     | 0.09%             | 2055-03-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                      | GNMA, Series 2019-131, Class AD                                               | CUSIP: 38380NPN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         0 | PA      | $0.06         | 0.00%             | 2060-08-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                            | Citizens Financial Group, Inc.                                                | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52874.88     | 0.23%             | 2032-07-23      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Ltd.                                        | Vale Overseas Ltd.                                                            | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |     40000 | PA      | $38633.48     | 0.17%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners LLC                      | Howard Midstream Energy Partners LLC                                          | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $44688.48     | 0.20%             | 2028-07-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3138E2JY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    264003 | PA      | $247247.96    | 1.10%             | 2041-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                 | SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A2A          | CUSIP: 78398AAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.06         | 0.00%             | 2027-03-22      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3128MJYY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    299536 | PA      | $266493.80    | 1.18%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Williams Scotsman, Inc.                                   | Williams Scotsman, Inc.                                                       | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20267.62     | 0.09%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Domino's Pizza Master Issuer LLC                          | Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I                   | CUSIP: 25755TAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92388 | PA      | $86007.39     | 0.38%             | 2051-04-25      | Fixed         | 2.66%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                                        | VICI Properties LP                                                            | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20999.38     | 0.09%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                 | Sunoco LP                                                                     | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13981.15     | 0.06%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                 | South Bow USA Infrastructure Holdings LLC                                     | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55538.04     | 0.25%             | 2029-10-01      | Fixed         | 5.03%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132DPBW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    343734 | PA      | $349296.79    | 1.55%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                         | BAT Capital Corp.                                                             | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     59000 | PA      | $63061.62     | 0.28%             | 2030-08-02      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross Mortgage Trust, Series 2024-H2, Class A3                                | CUSIP: 22757BAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78335 | PA      | $78920.38     | 0.35%             | 2069-04-25      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| NEW Residential Mortgage Loan Trust                       | NEW Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1               | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-MBS          | CORP              | US        |     98582 | PA      | $99223.52     | 0.44%             | 2065-05-25      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| NiSource, Inc.                                            | NiSource, Inc.                                                                | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15326.95     | 0.07%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                            | DTE Energy Co.                                                                | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75772.31     | 0.34%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                      | Clear Channel Outdoor Holdings, Inc.                                          | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43752.93     | 0.19%             | 2027-08-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Rexford Industrial Realty LP                              | Rexford Industrial Realty LP                                                  | CUSIP: 76169XAB0<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |    105000 | PA      | $87655.78     | 0.39%             | 2031-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                               | Capital One Financial Corp.                                                   | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22713.57     | 0.10%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| CF SECURED LLC                                            | Treasury Repurchase Agreement                                                 | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |    242540 | PA      | $242540.00    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EnFin Residential Solar Receivables Trust                 | EnFin Residential Solar Receivables Trust, Series 2024-1A, Class A            | CUSIP: 29281LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88878 | PA      | $87848.22     | 0.39%             | 2055-02-20      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                        | State Street Corp., Series I                                                  | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52183.56     | 0.23%             | 2029-03-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                       | RCKT Mortgage Trust, Series 2024-CES2, Class A2                               | CUSIP: 74938PAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101159.92    | 0.45%             | 2044-04-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3128MJTL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2043-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140QPH59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31970 | PA      | $30180.87     | 0.13%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harbour Energy plc                                        | Harbour Energy plc                                                            | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |     35000 | PA      | $33261.81     | 0.15%             | 2035-04-01      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                         | Philip Morris International, Inc.                                             | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     90000 | PA      | $80355.13     | 0.36%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Kite Realty Group LP                                      | Kite Realty Group LP                                                          | CUSIP: 49803XAA1<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37618.40     | 0.17%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                                  | Marathon Petroleum Corp.                                                      | CUSIP: 56585ABL5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |     81000 | PA      | $79205.53     | 0.35%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Vornado Realty LP                                         | Vornado Realty LP                                                             | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43389.18     | 0.19%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140LS2C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192556 | PA      | $153855.78    | 0.68%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                          | Goodyear Tire & Rubber Co. (The)                                              | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47557.85     | 0.21%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132CWTD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2036-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                            | Morgan Stanley                                                                | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    289000 | PA      | $241093.96    | 1.07%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Unum Group                                                | Unum Group                                                                    | CUSIP: 91529YAT3<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34136.05     | 0.15%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132DMBH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295287 | PA      | $259925.56    | 1.15%             | 2049-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | U.S. Treasury 10 Year Ultra Note                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -1 | NC      | $-251.77      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                  | U.S. Treasury Notes                                                           | CUSIP: 91282CMR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    165000 | PA      | $166959.38    | 0.74%             | 2032-02-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Snap, Inc.                                                | Snap, Inc.                                                                    | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34955.74     | 0.16%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3138X13A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    262394 | PA      | $245733.85    | 1.09%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners LLC                      | Howard Midstream Energy Partners LLC                                          | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21495.36     | 0.10%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                    | Santander Drive Auto Receivables Trust, Series 2025-1, Class C                | CUSIP: 80288DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43000 | PA      | $43423.00     | 0.19%             | 2031-03-17      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                          | CCO Holdings LLC                                                              | CUSIP: 1248EPCJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    143000 | PA      | $127052.45    | 0.56%             | 2032-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp.                      | Viking Baked Goods Acquisition Corp.                                          | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42745.29     | 0.19%             | 2031-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| NXP BV                                                    | NXP BV                                                                        | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $66699.29     | 0.30%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                           | BRAVO Residential Funding Trust, Series 2023-NQM5, Class A2                   | CUSIP: 10569UAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68925 | PA      | $69612.25     | 0.31%             | 2063-06-25      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                        | General Motors Financial Co., Inc.                                            | CUSIP: 37045XFC5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59544.54     | 0.26%             | 2035-01-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                 | Chesapeake Funding II LLC, Series 2023-2A, Class A1                           | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.04         | 0.00%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| NiSource, Inc.                                            | NiSource, Inc.                                                                | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64422.47     | 0.29%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    186000 | PA      | $185692.82    | 0.82%             | 2027-06-15      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 31418AYE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.20         | 0.00%             | 2033-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XGQ69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    296533 | PA      | $260326.61    | 1.16%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                              | Nasdaq, Inc.                                                                  | CUSIP: 63111XAH4<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     38000 | PA      | $39058.36     | 0.17%             | 2028-06-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                                 | Auxilior Term Funding LLC, Series 2023-1A, Class A2                           | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2028-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                        | Energy Transfer LP                                                            | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18993.95     | 0.08%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                     | Global Payments, Inc.                                                         | CUSIP: 37940XAQ5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54688.32     | 0.24%             | 2032-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                     | United Airlines, Inc.                                                         | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21604.10     | 0.10%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Notes                                                           | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    365000 | PA      | $378687.50    | 1.68%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GreenSky Home Improvement Issuer Trust                    | GreenSky Home Improvement Issuer Trust, Series 2024-2, Class A4               | CUSIP: 39571XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256437 | PA      | $257672.81    | 1.14%             | 2059-10-27      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | CDI                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    500000 | PA      | $-317.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Indiana Michigan Power Co.                                | Indiana Michigan Power Co.                                                    | CUSIP: 454889AV8<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11554.08     | 0.05%             | 2053-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| J M Smucker Co. (The)                                     | J M Smucker Co. (The)                                                         | CUSIP: 832696AZ1<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32960.59     | 0.15%             | 2053-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                     | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27149.85     | 0.12%             | 2055-08-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                      | Carrier Global Corp.                                                          | CUSIP: 14448CBD5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8392.74      | 0.04%             | 2054-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co.                                     | Kraft Heinz Foods Co.                                                         | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     90000 | PA      | $72910.86     | 0.32%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CDI                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    270000 | PA      | $1892.74      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                            | Enterprise Fleet Financing LLC, Series 2025-2, Class A3                       | CUSIP: 29375TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50006.57     | 0.22%             | 2029-06-20      | Fixed         | 4.41%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                              | Oracle Corp.                                                                  | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    119000 | PA      | $105471.68    | 0.47%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                        | Ryder System, Inc.                                                            | CUSIP: 78355HLF4<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90211.17     | 0.40%             | 2030-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                               | Intel Corp.                                                                   | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10688.54     | 0.05%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                         | Eversource Energy                                                             | CUSIP: 30040WAU2<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128131.10    | 0.57%             | 2033-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                       | Sirius XM Radio LLC                                                           | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     66000 | PA      | $62087.98     | 0.28%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Eversource Energy                                         | Eversource Energy                                                             | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     38000 | PA      | $38004.21     | 0.17%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                      | Glencore Funding LLC                                                          | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50624.85     | 0.22%             | 2030-04-01      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                 | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198797.04    | 0.88%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 31418BFY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.05         | 0.00%             | 2034-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bimbo Bakeries USA, Inc.                                  | Bimbo Bakeries USA, Inc.                                                      | CUSIP: 09031WAE3<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    207000 | PA      | $201944.15    | 0.90%             | 2036-01-09      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                     | Cheniere Energy, Inc.                                                         | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38842.57     | 0.17%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CITGO Petroleum Corp.                                     | CITGO Petroleum Corp.                                                         | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58028.19     | 0.26%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                            | Citizens Financial Group, Inc.                                                | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52870.60     | 0.23%             | 2035-04-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XMSS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    674386 | PA      | $563721.33    | 2.50%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                               | Amgen, Inc.                                                                   | CUSIP: 031162BP4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     53000 | PA      | $49954.66     | 0.22%             | 2043-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII Trust                 | Bayview Opportunity Master Fund VII Trust, Series 2024-SN1, Class C           | CUSIP: 072926AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    336000 | PA      | $340961.78    | 1.51%             | 2028-12-15      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | Forward Foreign Currency Contract                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-13419.69    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                               | Caesars Entertainment, Inc.                                                   | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45235.71     | 0.20%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NYMT Loan Trust                                           | NYMT Loan Trust, Series 2024-BPL2, Class A1                                   | CUSIP: 67120TAA8<br>LEI: 254900HCG7N4R7AWFZ60 | Long             | ABS-MBS          | CORP              | US        |    137000 | PA      | $138365.40    | 0.61%             | 2039-05-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                     | Las Vegas Sands Corp.                                                         | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37084.91     | 0.16%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| US Bank NA                                                | US Bank NA, Series 2023-1, Class B                                            | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103211 | PA      | $104555.91    | 0.46%             | 2032-08-25      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                       | Forward Foreign Currency Contract                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $42283.58     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                              | Hess Midstream Operations LP                                                  | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $33198.05     | 0.15%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                        | United Airlines Pass-Through Trust, Series 2016-1, Class B                    | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38044 | PA      | $37500.16     | 0.17%             | 2026-01-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America, Inc.                       | Amcor Flexibles North America, Inc.                                           | CUSIP: 02344AAD0<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36286.01     | 0.16%             | 2030-03-17      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Bonds                                                           | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    294000 | PA      | $290922.19    | 1.29%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | U.S. Treasury Ultra Bond                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -1 | NC      | $-2767.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $107446.16    | 0.48%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Coterra Energy, Inc.                                      | Coterra Energy, Inc.                                                          | CUSIP: 127097AN3<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50009.02     | 0.22%             | 2055-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                 | HCA, Inc.                                                                     | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50604.61     | 0.22%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                        | General Motors Financial Co., Inc.                                            | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51600.49     | 0.23%             | 2032-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                | AT&T, Inc.                                                                    | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    215000 | PA      | $177425.45    | 0.79%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| CVR Energy, Inc.                                          | CVR Energy, Inc.                                                              | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91262.78     | 0.41%             | 2028-02-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 31419AKZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.22         | 0.00%             | 2040-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                       | Kinder Morgan, Inc.                                                           | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20191.07     | 0.09%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XHQK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    293788 | PA      | $283373.11    | 1.26%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                             | Smyrna Ready Mix Concrete LLC                                                 | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70792.69     | 0.31%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                         | Clarios Global LP                                                             | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     54000 | PA      | $54934.20     | 0.24%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Boston Properties LP                                      | Boston Properties LP                                                          | CUSIP: 10112RBJ2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59173.17     | 0.26%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                               | Intel Corp.                                                                   | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70595.04     | 0.31%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132E0FL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    588577 | PA      | $492053.61    | 2.19%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 31418BLE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    211016 | PA      | $207021.85    | 0.92%             | 2029-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                | J.P. Morgan Mortgage Trust, Series 2024-CES1, Class A2                        | CUSIP: 46658CAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60123 | PA      | $60566.35     | 0.27%             | 2054-06-25      | Variable      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XJ4X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | U.S. Treasury 10 Year Note                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         3 | NC      | $5417.40      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp.                                                | Olin Corp.                                                                    | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42698.34     | 0.19%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3142GSFR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    583569 | PA      | $594037.40    | 2.64%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140MMZB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    337606 | PA      | $315275.87    | 1.40%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                            | Citizens Financial Group, Inc.                                                | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40946.16     | 0.18%             | 2030-01-23      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3133B0SS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    188283 | PA      | $149592.95    | 0.66%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                               | ONEOK, Inc.                                                                   | CUSIP: 682680BK8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     37000 | PA      | $38310.23     | 0.17%             | 2030-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| New England Power Co.                                     | New England Power Co.                                                         | CUSIP: 644188BH6<br>LEI: 549300DTVRGN9GYD5U85 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50036.62     | 0.22%             | 2052-11-25      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Nasdaq, Inc.                                              | Nasdaq, Inc.                                                                  | CUSIP: 63111XAK7<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11071.93     | 0.05%             | 2053-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| YPF SA                                                    | YPF SA                                                                        | CUSIP: 984245AY6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | NUSS              | AR        |     20000 | PA      | $20214.52     | 0.09%             | 2031-09-11      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3128PUHH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         1 | PA      | $1.08         | 0.00%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cousins Properties LP                                     | Cousins Properties LP                                                         | CUSIP: 222793AB7<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44597.12     | 0.20%             | 2032-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132DNEP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                    | Truist Financial Corp.                                                        | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    128000 | PA      | $131141.11    | 0.58%             | 2034-06-08      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                     | Westlake Automobile Receivables Trust, Series 2025-1A, Class C                | CUSIP: 96043VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25049.24     | 0.11%             | 2030-10-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3132J4CU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.06         | 0.00%             | 2035-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                      | GNMA, Series 2018-17, Class MA                                                | CUSIP: 38380UUL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         0 | PA      | $0.01         | 0.00%             | 2052-05-16      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                     | Bank of America Corp.                                                         | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250679.38    | 1.11%             | 2034-04-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Bonds                                                           | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1586000 | PA      | $1233300.86   | 5.48%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                          | Boeing Co. (The)                                                              | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $64081.43     | 0.28%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3128MJUN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd.                        | Macquarie Airfinance Holdings Ltd.                                            | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $49924.05     | 0.22%             | 2028-03-27      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140E0E35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    298688 | PA      | $275953.46    | 1.23%             | 2045-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                          | Paramount Global                                                              | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     51000 | PA      | $43232.45     | 0.19%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                        | MetroNet Infrastructure Issuer LLC, Series 2024-1A, Class A2                  | CUSIP: 59170JAG3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    132370 | PA      | $136008.37    | 0.60%             | 2054-04-20      | Fixed         | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Asbury Automotive Group, Inc.                             | Asbury Automotive Group, Inc.                                                 | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45566.53     | 0.20%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                            | Southern California Edison Co.                                                | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13122.95     | 0.06%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | Forward Foreign Currency Contract                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-8469.27     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Notes                                                           | CUSIP: 91282CGV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     23000 | PA      | $22966.53     | 0.10%             | 2026-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                         | BAT Capital Corp.                                                             | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22818.99     | 0.10%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                           | Goldman Sachs Group, Inc. (The)                                               | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129568.26    | 0.58%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 31427MSQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59703 | PA      | $60336.28     | 0.27%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                   | CF Hippolyta Issuer LLC, Series 2020-1, Class A1                              | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust        | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class A2 | CUSIP: 61778GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58000 | PA      | $58317.85     | 0.26%             | 2058-03-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                              | Exelon Corp.                                                                  | CUSIP: 30161NBN0<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27387.25     | 0.12%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Tenneco, Inc.                                             | Tenneco, Inc.                                                                 | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23882.85     | 0.11%             | 2028-11-17      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                              | Oracle Corp.                                                                  | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     24000 | PA      | $21981.33     | 0.10%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3133AJL27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    346430 | PA      | $280034.61    | 1.24%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities XXXI CLO Ltd.               | Fortress Credit Opportunities XXXI CLO Ltd., Series 2025-31A, Class A1        | CUSIP: 34990GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149510.40    | 0.66%             | 2033-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Fiserv, Inc.                                              | Fiserv, Inc.                                                                  | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36665.02     | 0.16%             | 2033-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CDI                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    165000 | PA      | $730.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                     | DB Master Finance LLC, Series 2021-1A, Class A2II                             | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    344430 | PA      | $317962.14    | 1.41%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                  | COLT Mortgage Loan Trust, Series 2023-3, Class A2                             | CUSIP: 19688RAB5<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |     71157 | PA      | $72223.18     | 0.32%             | 2068-09-25      | Variable      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140QF2E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    113400 | PA      | $99571.04     | 0.44%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | CDI                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    582000 | PA      | $-5986.07     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Kite Realty Group LP                                      | Kite Realty Group LP                                                          | CUSIP: 49803XAE3<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13016.52     | 0.06%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                       | Exeter Automobile Receivables Trust, Series 2025-1A, Class C                  | CUSIP: 30167MAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114000 | PA      | $114767.68    | 0.51%             | 2031-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                          | Ventas Realty LP                                                              | CUSIP: 92277GAM9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    136000 | PA      | $134122.58    | 0.60%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                            | Enbridge, Inc.                                                                | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    104000 | PA      | $104485.42    | 0.46%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                    | Truist Financial Corp.                                                        | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     44000 | PA      | $47502.94     | 0.21%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Global Partners LP                                        | Global Partners LP                                                            | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29910.50     | 0.13%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Intel Corp.                                               | Intel Corp.                                                                   | CUSIP: 458140CG3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17687.35     | 0.08%             | 2033-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3132HLNH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2042-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | U.S. Treasury Notes                                                           | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1090000 | PA      | $1104135.94   | 4.90%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XQYK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82374 | PA      | $79042.44     | 0.35%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Global Partners LP                                        | Global Partners LP                                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66171.30     | 0.29%             | 2032-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                          | Brixmor Operating Partnership LP                                              | CUSIP: 11120VAN3<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55966.54     | 0.25%             | 2032-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                        | CyrusOne Data Centers Issuer I LLC, Series 2025-1A, Class A2                  | CUSIP: 23284BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45000 | PA      | $45942.55     | 0.20%             | 2050-02-20      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 31418B3U8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.12         | 0.00%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AES Corp. (The)                                           | AES Corp. (The)                                                               | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46629.47     | 0.21%             | 2055-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Dell International LLC                                    | Dell International LLC                                                        | CUSIP: 24703DBH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     88000 | PA      | $58139.72     | 0.26%             | 2051-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                 | HCA, Inc.                                                                     | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     36000 | PA      | $35084.64     | 0.16%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| Kite Realty Group LP                                      | Kite Realty Group LP                                                          | CUSIP: 49803XAF0<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |     64000 | PA      | $63269.16     | 0.28%             | 2031-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                      | Cross Mortgage Trust, Series 2025-H2, Class A2                                | CUSIP: 22758PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98886 | PA      | $98954.52     | 0.44%             | 2070-03-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132DN3Z4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    532703 | PA      | $530177.07    | 2.35%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                | US Bancorp                                                                    | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48525.27     | 0.22%             | 2034-06-12      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3128CUXV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.04         | 0.00%             | 2034-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                        | Southern Co. (The), Series 2025                                               | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     58000 | PA      | $59085.12     | 0.26%             | 2055-03-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Cos. LLC                                   | Anheuser-Busch Cos. LLC                                                       | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $87006.85     | 0.39%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                  | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29792.21     | 0.13%             | 2028-06-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                            | NCL Corp. Ltd.                                                                | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     55000 | PA      | $53704.17     | 0.24%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Argentine Republic (The)                                  | Argentine Republic (The)                                                      | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     40000 | PA      | $24140.59     | 0.11%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Paychex, Inc.                                             | Paychex, Inc.                                                                 | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19351.08     | 0.09%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                    | Cleveland-Cliffs, Inc.                                                        | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     82000 | PA      | $77037.83     | 0.34%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                 | Towd Point Mortgage Trust, Series 2023-1, Class A1                            | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.03         | 0.00%             | 2063-01-25      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                | UMBS                                                                          | CUSIP: 3132DU3E5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    278364 | PA      | $274995.24    | 1.22%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140QUZY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192503 | PA      | $195966.71    | 0.87%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DT Midstream, Inc.                                        | DT Midstream, Inc.                                                            | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44578.62     | 0.20%             | 2034-12-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Triton Container International Ltd.                       | Triton Container International Ltd.                                           | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |     56000 | PA      | $48177.95     | 0.21%             | 2031-06-15      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| VMware LLC                                                | VMware LLC                                                                    | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    157000 | PA      | $133487.97    | 0.59%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent LP                                  | American Homes 4 Rent LP                                                      | CUSIP: 02666TAJ6<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48714.39     | 0.22%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DT Midstream, Inc.                                        | DT Midstream, Inc.                                                            | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $51461.68     | 0.23%             | 2032-04-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline LP                           | Plains All American Pipeline LP                                               | CUSIP: 72650RBQ4<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58039.08     | 0.26%             | 2035-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                     | FHLMC                                                                         | CUSIP: 3128MJYT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    296886 | PA      | $264381.47    | 1.17%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Niagara Mohawk Power Corp.                                | Niagara Mohawk Power Corp.                                                    | CUSIP: 65364UAU0<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26429.27     | 0.12%             | 2054-01-17      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XJEL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | U.S. Treasury 2 Year Note                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         4 | NC      | $2572.54      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                           | Citigroup, Inc.                                                               | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58159.71     | 0.26%             | 2036-01-24      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                         | Wells Fargo & Co.                                                             | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145591.97    | 0.65%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                      | Steel Dynamics, Inc.                                                          | CUSIP: 858119BT6<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21835.32     | 0.10%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                                | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAM1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $31261.98     | 0.14%             | 2052-04-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| New York State Electric & Gas Corp.                       | New York State Electric & Gas Corp.                                           | CUSIP: 649840CV5<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51929.80     | 0.23%             | 2033-08-15      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                      | UMBS                                                                          | CUSIP: 3140XQRF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    392995 | PA      | $395946.39    | 1.76%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group, Inc.                     | Public Service Enterprise Group, Inc.                                         | CUSIP: 744573AZ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71768.57     | 0.32%             | 2034-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                               | Merchants Fleet Funding LLC, Series 2024-1A, Class D                          | CUSIP: 588926AJ4<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |    176000 | PA      | $178641.37    | 0.79%             | 2037-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Tecpetrol SA                                              | Tecpetrol SA                                                                  | CUSIP: 87876TAG9<br>LEI: 529900C0GOV3UC7ZMZ16 | Long             | DBT              | CORP              | AR        |     70000 | PA      | $70140.00     | 0.31%             | 2033-01-22      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| DR Horton, Inc.                                           | DR Horton, Inc.                                                               | CUSIP: 23331ABU2<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76078.86     | 0.34%             | 2035-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                   | Micron Technology, Inc.                                                       | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    214000 | PA      | $181227.73    | 0.80%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes                  | Huntington Bank Auto Credit-Linked Notes, Series 2024-2, Class B1             | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200927 | PA      | $201932.13    | 0.90%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                          | Omega Healthcare Investors, Inc.                                              | CUSIP: 681936BH2<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45000.70     | 0.20%             | 2026-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | U.S. Treasury 5 Year Note                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        22 | NC      | $10282.59     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Nationwide Mutual Funds

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer