# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-160107
**Filing Date:** 2025-6
**Character Count:** 186227
**Document Hash:** 79e054a627a2ca9a0ecc8c2d0f0c3ef0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160107.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160107

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251080045

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Ultra Short-Term Bond Fund (Formerly USAA Ultra Short-Term Bond Fund) (Series ID: S000030169)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000092834 | Victory Ultra Short-Term Bond Fund Shares               | UUSTX           |
| C000130753 | Victory Ultra Short-Term Bond Fund Institutional Shares | UUSIX           |
| C000179382 | Victory Ultra Short-Term Bond Fund Class R6             | URUSX           |
| C000220636 | Victory Ultra Short-Term Bond Fund Class A              | USBAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Ultra Short-Term Bond Fund

- **b. EDGAR series identifier (if any):** S000030169

- **c. LEI of Series:** 549300P1NJ5UMBQKCB83

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

- **a. Date of fiscal year-end:** 2025-04-30

- **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:** $293034554.67

**Total Liabilities:** $8605629.22

**Net Assets:** $284428925.45

**Cash Not Reported:** $978276.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1722.86196728 | **1-Year:** -17325.83590934 | **5-Year:** -9948.85136023 | **10-Year:** -1000.87564810 | **30-Year:** -659.11160014

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

- **3-Month:** -183.25465514 | **1-Year:** -2053.74466962 | **5-Year:** -1086.67417911 | **10-Year:** -677.02251099 | **30-Year:** -328.82328408

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130753 | 0.48%                | 0.32%                | 0.21%                |
| Class ID C000220636 | 0.47%                | 0.29%                | 0.29%                |
| Class ID C000179382 | 0.50%                | 0.23%                | 0.32%                |
| Class ID C000092834 | 0.49%                | 0.31%                | 0.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35248.87                | $261455.00                                 |
| Month 2  | $50387.77                | $-376245.85                                |
| Month 3  | $75986.01                | $-444626.66                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| THE BANK OF NOVA SCOTIA                                                                        | BANK OF NOVA SCOTIA THE                            | CUSIP: 06418GAR8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $993680.31    | 0.35%             | 2029-02-14      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| METLIFE, INC.                                                                                  | METLIFE INC                                        | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495113.94    | 0.17%             | 2199-12-31      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| THE SOUTHERN COMPANY                                                                           | SOUTHERN CO THE                                    | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493331.59    | 0.17%             | 2051-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OHIO MET HSG AUTH GEN REV                                                             | COLUMBUS METROPOLITAN HOUSING AUTHORITY            | CUSIP: 19951AAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $432785.81    | 0.15%             | 2028-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                                                          | HPEFS EQUIPMENT TRUST 2022 3                       | CUSIP: 403951AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $736482.12    | 0.26%             | 2029-08-20      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                                    | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137HHSN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    911811 | PA      | $920214.71    | 0.32%             | 2051-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEXT ABS LLC                                                                                   | DEXT ABS 2023 1 LLC                                | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    415105 | PA      | $416553.33    | 0.15%             | 2032-03-15      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS, INC.                                                                        | ARROW ELECTRONICS INC                              | CUSIP: 04273LS22<br>LEI: 549300YNNLBXT8N8R512 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499866.65    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                                 | CITIZENS FINANCIAL GROUP INC                       | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    850000 | PA      | $842705.57    | 0.30%             | 2199-12-31      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CONN'S RECEIVABLES FUNDING LLC                                                                 | CONN S RECEIVABLES FUNDING 2023 A LLC              | CUSIP: 20824CAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36335 | PA      | $36409.32     | 0.01%             | 2028-01-17      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| EPR PROPERTIES                                                                                 | EPR PROPERTIES                                     | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491881.08    | 0.17%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LG ENERGY SOLUTION, LTD.                                                                       | LG ENERGY SOLUTION LTD                             | CUSIP: 50205MAF6<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $1003923.61   | 0.35%             | 2028-04-02      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX COMMERCIAL MORTGAGE TRUST 2021 VOLT             | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $739236.40    | 0.26%             | 2036-09-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182292 | PA      | $182588.71    | 0.06%             | 2032-12-15      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| RIO TINTO FINANCE (USA) PLC                                                                    | RIO TINTO FINANCE USA PLC                          | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1001162.15   | 0.35%             | 2028-03-14      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| MANUFACTURERS AND TRADERS TRUST COMPANY                                                        | MANUFACTURERS TRADERS TRUST CO                     | CUSIP: 55279HAT7<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300742.86    | 0.11%             | 2025-11-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                                                            | NISSAN MOTOR ACCEPTANCE CO LLC                     | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481111.71    | 0.17%             | 2026-03-09      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: —       |
| United States of America                                                                       | U S TREASURY NOTE                                  | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $758789.06    | 0.27%             | 2026-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX TRUST                                           | CUSIP: 05608WAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    438369 | PA      | $435722.92    | 0.15%             | 2038-06-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| American Airlines 2017-2B Class B Pass Through Trust                                           | AMERICAN AIRLINES TRUST                            | CUSIP: 02377DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    219192 | PA      | $216127.08    | 0.08%             | 2027-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HYT COMMERCIAL MORTGAGE TRUST                                                                  | HYT COMMERCIAL MORTGAGE TRUST 2024 RGCY            | CUSIP: 449173AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497688.24    | 0.17%             | 2041-09-15      | Floating      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST                                                       | GS MORTGAGE SECURITIES CORP TRUST 2017 GPTX        | CUSIP: 36257CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    848541 | PA      | $731045.48    | 0.26%             | 2034-05-10      | Fixed         | 2.86%                 | Yes           |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                                                          | HPEFS EQUIPMENT TRUST 2023 2                       | CUSIP: 44328UAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1007115.34   | 0.35%             | 2031-01-21      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST                                                                        | CARMAX AUTO OWNER TRUST 2023 1                     | CUSIP: 14318DAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $507308.71    | 0.18%             | 2029-11-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                                              | CROWN CASTLE INTL CORP                             | CUSIP: 22823PT37<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |    750000 | PA      | $746464.50    | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384DJU2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    296161 | PA      | $296440.06    | 0.10%             | 2047-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                                                                    | BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC        | CUSIP: 05492NAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $58108.18     | 0.02%             | 2034-11-15      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                                                           | GLOBAL PAYMENTS INC                                | CUSIP: 37961CS94<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1498154.40   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PAWNEE EQUIPMENT RECEIVABLES LLC                                                               | PAWNEEE EQUIPMENT RECEIVABLES SERIES 2022 1 LLC    | CUSIP: 70410DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725000 | PA      | $727112.59    | 0.26%             | 2028-07-17      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX COMMERCIAL MORTGAGE TRUST 2021 XL2              | CUSIP: 05609KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $693028.35    | 0.24%             | 2038-10-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                                          | BANCO SANTANDER SA                                 | CUSIP: 05964HBC8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1500000 | PA      | $1505247.47   | 0.53%             | 2028-03-14      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| CLOUD CAPITAL DATA CENTERS                                                                     | CLOUD CAPITAL HOLDCO LP                            | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502670.45    | 0.18%             | 2049-11-22      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                                                      | COREBRIDGE GLOBAL FUNDING                          | CUSIP: 00138CBE7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992650.11    | 0.35%             | 2028-01-07      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                          | CCG RECEIVABLES TRUST                              | CUSIP: 12511QAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319074 | PA      | $323256.49    | 0.11%             | 2032-04-14      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD.                                                                | PALMER SQUARE LOAN FUNDING 2022 3 LTD              | CUSIP: 69690CAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499750.00    | 0.18%             | 2031-04-15      | Floating      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CREDIT FUND                                                                 | BLACKSTONE PRIVATE CRE                             | CUSIP: 09261HBA4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    750000 | PA      | $754827.81    | 0.27%             | 2025-09-29      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| VERDANT RECEIVABLES LLC                                                                        | VERDANT RECEIVABLES 2024 1 LLC                     | CUSIP: 92339MAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $408743.23    | 0.14%             | 2031-12-12      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TEGNA INC.                                                                                     | TEGNA INC                                          | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1194675.69   | 0.42%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD.                                                                | PALMER SQUARE LOAN FUNDING 2024 3 LTD              | CUSIP: 69690EAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $748311.75    | 0.26%             | 2032-08-08      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                            | COMM 2024 277P MORTGAGE TRUST                      | CUSIP: 12654FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $314181.84    | 0.11%             | 2044-08-10      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                                        | SASOL FINANCING USA LLC                            | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478821.43    | 0.17%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OSCAR US FUNDING TRUST                                                                         | OSCAR US FUNDING XVII LLC                          | CUSIP: 68784BAC8<br>LEI: 549300GTSLUONMR77U11 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $748001.04    | 0.26%             | 2029-03-12      | Fixed         | 4.47%                 | Yes           |                  2 | On Loan: No      |
| NP SPE X L P                                                                                   | NP SPE II LLC                                      | CUSIP: 62947AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    346000 | PA      | $335563.96    | 0.12%             | 2049-11-19      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                                                                  | MELCO RESORTS FINANCE LTD                          | CUSIP: 58547DAA7<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $498869.28    | 0.18%             | 2025-06-06      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                          | CCG RECEIVABLES TRUST 2023 1                       | CUSIP: 12512XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    341524 | PA      | $342998.50    | 0.12%             | 2030-09-16      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| BBCMS TRUST                                                                                    | BBCMS 2020 BID MORTGAGE TRUST                      | CUSIP: 05493BAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1470000 | PA      | $1471837.50   | 0.52%             | 2037-10-15      | Floating      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| M&T EQUIPTMENT LLC                                                                             | M T EQUIPMENT 2023 LEAF1 NOTES                     | CUSIP: 551925AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53614 | PA      | $53633.52     | 0.02%             | 2030-07-15      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                                                           | GLOBAL PAYMENTS INC                                | CUSIP: 37961CS78<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |    750000 | PA      | $749284.13    | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                                            | EXETER AUTOMOBILE RECEIVABLES TRUST 2023 4         | CUSIP: 30166TAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520234 | PA      | $521086.08    | 0.18%             | 2027-10-15      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                                                | NORDEA BANK ABP                                    | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    750000 | PA      | $747942.50    | 0.26%             | 2028-03-17      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| BMW US CAPITAL, LLC                                                                            | BMW US CAPITAL LLC                                 | CUSIP: 05565ECX1<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996546.95    | 0.35%             | 2028-03-21      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| TRILLIUM CREDIT CARD TRUST II                                                                  | TRILLIUM CREDIT CARD TR                            | CUSIP: 89621ABU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003294.48   | 0.35%             | 2028-08-28      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                                                                | PRESTIGE AUTO RECEIVABLES TRUST 2023 2             | CUSIP: 74113VAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1511858.24   | 0.53%             | 2027-12-15      | Fixed         | 6.64%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                                   | SANTANDER HOLDINGS USA INC                         | CUSIP: 80282KBE5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002812.80   | 0.35%             | 2026-09-09      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                        | BPCE SA                                            | CUSIP: 05571AAP0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $507104.70    | 0.18%             | 2027-10-19      | Floating      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| QUANTA SERVICES, INC.                                                                          | QUANTA SERVICES INC                                | CUSIP: 74767GS29<br>LEI: SHVRXXEACT60MMH07S24 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499867.20    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                                                                      | NATIONAL FUEL GAS CO                               | CUSIP: 63616JSF0<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | STIV             | CORP              | US        |    500000 | PA      | $498985.95    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE RELATED SECURITIES                                                         | COMM MORTGAGE TRUST                                | CUSIP: 20048GAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1306276.83   | 0.46%             | 2034-06-15      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                                                                 | CHARLES SCHWAB CORP THE                            | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747557.24    | 0.26%             | 2026-05-13      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                                                                   | DELL EQUIPMENT FINANCE TRUST 2023 1                | CUSIP: 24702HAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003904.62   | 0.35%             | 2028-09-28      | Fixed         | 6.22%                 | Yes           |                  2 | On Loan: No      |
| ARES CAPITAL CORPORATION.                                                                      | ARES CAPITAL CORP                                  | CUSIP: 04010LAZ6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991291.40    | 0.35%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                                                | POST ROAD EQUIPMENT FINANCE 2025 1 LLC             | CUSIP: 73747LAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164000 | PA      | $165401.56    | 0.06%             | 2031-05-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| SHR TRUST                                                                                      | SHR TRUST 2024 LXRY                                | CUSIP: 784234AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496093.75    | 0.17%             | 2041-10-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| VW CREDIT, INC.                                                                                | VW CREDIT INC                                      | CUSIP: 91842JSE0<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249544.58    | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST                                                                    | EXTENDED STAY AMERICA TRUST                        | CUSIP: 30227FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    334243 | PA      | $332645.24    | 0.12%             | 2038-07-15      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES CORP.                                                                          | TARGA RESOURCES CORP                               | CUSIP: 87613ES14<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1499797.20   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                                             | F G GLOBAL FUNDING                                 | CUSIP: 30321L2G6<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512586.29    | 0.18%             | 2027-06-10      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GUADALUPE VALLEY ELECTRIC COOPERATIVE, INC.                                                    | GUADALUPE VAL ELEC                                 | CUSIP: 40064AT30<br>LEI: TBXDF1BZ4WKPIZYR5I09 | Long             | STIV             | CORP              | US        |    750000 | PA      | $746880.00    | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| QUANTA SERVICES, INC.                                                                          | QUANTA SERVICES INC                                | CUSIP: 74767GS11<br>LEI: SHVRXXEACT60MMH07S24 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999734.60   | 0.70%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                                                           | ENDEAVOUR MINING PLC                               | CUSIP: 29261HAA3<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $488582.13    | 0.17%             | 2026-10-14      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRIX CORPORATION                                                                         | CONCENTRIX CORP                                    | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509651.57    | 0.18%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                                                                     | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    250218 | NS      | $250217.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE FUNDING LLC                                                                         | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183DA9<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    563059 | PA      | $565467.30    | 0.20%             | 2035-10-15      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                          | CCG RECEIVABLES TRUST                              | CUSIP: 12511QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $516454.94    | 0.18%             | 2032-04-14      | Fixed         | 6.21%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                                                | POST ROAD EQUIPMENT FINANCE 2025 1 LLC             | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $503986.68    | 0.18%             | 2031-05-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                                                               | NMEF FUNDING 2024 A LLC                            | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    427076 | PA      | $428472.17    | 0.15%             | 2031-12-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                                                         | NISSAN MOTOR CO LTD                                | CUSIP: 654744AB7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    416000 | PA      | $412056.55    | 0.14%             | 2025-09-17      | Fixed         | 3.52%                 | Yes           |                  2 | On Loan: No      |
| BROOKFIELD CORPORATE TREASURY LTD.                                                             | BROOKFIELD COR TREASURY                            | CUSIP: 11271ETJ7<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |   1000000 | PA      | $993520.70    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bacardi-Martini B.V.                                                                           | BACARDI USA INC                                    | CUSIP: 05634ESV5<br>LEI: 5493002XXBV8B88K2408 | Long             | STIV             | CORP              | NL        |   1000000 | PA      | $996086.70    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                                                                   | DELL EQUIPMENT FINANCE TRUST 2025 1                | CUSIP: 24703UAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301981.08    | 0.11%             | 2031-02-24      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| APA CORPORATION                                                                                | APA CORP                                           | CUSIP: 00188AS10<br>LEI: 549300VCIWLRHYVSHC79 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999720.40   | 0.70%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SUNTRUST CAPITAL I                                                                             | SUNTRUST CAPITAL                                   | CUSIP: 86787XAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    717000 | PA      | $701926.66    | 0.25%             | 2027-05-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORPORATION.                                                                      | ARES CAPITAL CORP                                  | CUSIP: 04010LAY9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498015.45    | 0.18%             | 2025-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384PYV6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    423429 | PA      | $422784.95    | 0.15%             | 2064-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS, LLC                                                                  | FORTITUDE GROUP HOLDINGS LLC                       | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253424.02    | 0.09%             | 2030-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                                                                 | MORGAN STANLEY CAPITAL I TRUST                     | CUSIP: 61692AAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1153846 | PA      | $737978.68    | 0.26%             | 2036-12-15      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| SHR TRUST                                                                                      | SHR TRUST 2024 LXRY                                | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421053 | PA      | $419610.16    | 0.15%             | 2041-10-15      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                                          | DOMINION ENERGY INC                                | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486024.14    | 0.17%             | 2199-12-31      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LIMITED PARTNERSHIP                                                          | BOSTON PROPERTIES LP                               | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494570.78    | 0.17%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                                                              | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023 1           | CUSIP: 224927AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $509302.18    | 0.18%             | 2033-05-16      | Fixed         | 7.02%                 | Yes           |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                                           | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    250218 | NS      | $250217.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                                                                     | JABIL INC                                          | CUSIP: 46652LS57<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999287.80    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                          | CCG RECEIVABLES TRUST 2025 1                       | CUSIP: 12515XAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750151.99    | 0.26%             | 2032-10-14      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HOLDINGS LIMITED                                                          | MACQUARIE AIRFINANCE HOLDINGS LTD                  | CUSIP: 55609NAA6<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   1005000 | PA      | $1047089.40   | 0.37%             | 2028-05-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING LTD                                                                               | CIFC FUNDING 2017 IV LTD                           | CUSIP: 12551JAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215612 | PA      | $215610.97    | 0.08%             | 2030-10-24      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II                                                                 | PACIFIC LIFE GF II                                 | CUSIP: 6944PL2G3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99965.32     | 0.04%             | 2026-06-04      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                                                     | ALBERTSONS COS LLC SAFEW                           | CUSIP: 013092AB7<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749932.37    | 0.26%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SANDS CHINA LTD.                                                                               | SANDS CHINA LTD                                    | CUSIP: 80007RAF2<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $998403.20    | 0.35%             | 2025-08-08      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                                             | CNO GLOBAL FUNDING                                 | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008892.11   | 0.35%             | 2027-12-10      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| TESLA AUTO LEASE TRUST                                                                         | TESLA AUTO LEASE TRUST 2023 B                      | CUSIP: 88167QAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    683077 | PA      | $685505.29    | 0.24%             | 2026-09-21      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ASSURANT, INC.                                                                                 | ASSURANT INC                                       | CUSIP: 04621XAP3<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    882000 | PA      | $884427.70    | 0.31%             | 2026-02-27      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                                         | AMUR EQUIPMENT FINANCE RECEIVABLES X LLC           | CUSIP: 03236VAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20639 | PA      | $20582.79     | 0.01%             | 2027-10-20      | Fixed         | 1.64%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                                          | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    250218 | NS      | $250217.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES PASS THROUGH TRUST 2020-1                                                      | UNITED AIR 2020 1 B PTT                            | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    667077 | PA      | $660907.77    | 0.23%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PAWNEE EQUIPMENT RECEIVABLES LLC                                                               | PAWNEE EQUIPMENT RECEIVABLES                       | CUSIP: 704100AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256584 | PA      | $255911.16    | 0.09%             | 2027-07-15      | Fixed         | 1.82%                 | Yes           |                  2 | On Loan: No      |
| TECHNIPFMC PLC                                                                                 | TECHNIPFMC PLC                                     | CUSIP: 87854XAE1<br>LEI: 549300D5I93QWCJTCK36 | Long             | DBT              | CORP              | GB        |   1350000 | PA      | $1348379.59   | 0.47%             | 2026-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| OVINTIV INC.                                                                                   | OVINTIV INC                                        | CUSIP: 69047JSW9<br>LEI: 2549003MEX7YMKLGI239 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $995875.00    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL, LLC                                                                    | AVIS BUDGET CAR RENTAL LLC                         | CUSIP: 05377JAR3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |    989556 | PA      | $964817.22    | 0.34%             | 2027-08-06      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUB WKS BRD LEASE REV                                                            | CALIFORNIA STATE PUBLIC WORKS BOARD                | CUSIP: 13068XNS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $377677.63    | 0.13%             | 2027-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES                                                                     | PEAC SOLUTIONS RECEIVABLES 2025 1 LLC              | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    419000 | PA      | $416967.36    | 0.15%             | 2032-07-20      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                                                    | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    424602 | PA      | $427030.35    | 0.15%             | 2036-05-20      | Fixed         | 7.21%                 | Yes           |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNERS, LP                                                                  | ENLINK MIDSTREAM PARTNERS LP                       | CUSIP: 29336UAE7<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499041.22    | 0.18%             | 2025-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                                              | CROWN CASTLE INTL CORP                             | CUSIP: 22823PT45<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |    500000 | PA      | $497573.50    | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                                                        | SECURITIZED TERM AUTO RECEIVABLES TRUST            | CUSIP: 81378RAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    438754 | PA      | $441335.33    | 0.16%             | 2031-07-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE CORPORATION                                                                  | CREDIT ACCEPTANCE CORP                             | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    429000 | PA      | $454117.51    | 0.16%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| FARM CREDIT BANK OF TEXAS                                                                      | FARM CREDIT BANK OF TEXAS                          | CUSIP: 30767EAD1<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247358.54    | 0.09%             | 2199-12-31      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| CROSSROADS ASSET TRUST                                                                         | CROSSROADS ASSET TRUST 2024 A                      | CUSIP: 227927AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840016 | PA      | $848545.03    | 0.30%             | 2030-08-20      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                                              | LAMAR MEDIA CORP                                   | CUSIP: 513076BB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $996250.00    | 0.35%             | 2027-02-08      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                                                                   | NEW YORK LIFE GLOBAL FUNDING                       | CUSIP: 64953BBA5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    750000 | PA      | $753500.42    | 0.26%             | 2026-04-02      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                                                                       | SONOCO PRODUCTS COMPANY                            | CUSIP: 83549RSC9<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | STIV             | CORP              | US        |   1250000 | PA      | $1247866.25   | 0.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PHOENIX GROUP HOLDINGS PLC                                                                     | PHOENIX GROUP HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 2138001P49OLAEU33T68       | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $991886.88    | 0.35%             | 2027-07-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORPORATION                                                                            | CENTENE CORP                                       | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1221162.34   | 0.43%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384YNM9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    908560 | PA      | $896878.10    | 0.32%             | 2062-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES, INC.                                                            | HUNTINGTON INGALLS INDUS                           | CUSIP: 44641LS56<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1499015.25   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                                         | AMUR EQUIPMENT FINANCE RECEIVABLES X LLC           | CUSIP: 03236VAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $401716.89    | 0.14%             | 2028-01-20      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| GREATAMERICA LEASING RECEIVABLES FUNDING, L.L.C.                                               | GREATAMERICA LEASING RECEIVABLES FUNDING LLC       | CUSIP: 39154GAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502384.50    | 0.18%             | 2029-04-16      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST                                                        | UNITED AUTO CREDIT SECURITIZATION TRUST 2025 1     | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000494.95   | 0.35%             | 2028-02-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384EYV1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    437228 | PA      | $437501.88    | 0.15%             | 2048-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENEL Finance International N.V.                                                                | ENEL FINANCE INTERNATIONAL NV                      | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $503924.70    | 0.18%             | 2025-10-14      | Variable      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS, INC.                                                                        | ARROW ELECTRONICS INC                              | CUSIP: 04273LS14<br>LEI: 549300YNNLBXT8N8R512 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999866.80    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BBVA GLOBAL FINANCE LTD.                                                                       | BBVA GLOBAL FINANCE LTD                            | CUSIP: 055291AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1053000 | PA      | $1061292.15   | 0.37%             | 2025-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA), INC.                                                           | UNITED RENTALS NORTH AMERICA INC                   | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965674.90    | 0.34%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                                          | SWITCH ABS ISSUER LLC                              | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $242976.31    | 0.09%             | 2055-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CREDIT FUND                                                                 | BLACKSTONE PRIVATE CREDIT FUND                     | CUSIP: 09261HBP1<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495276.34    | 0.17%             | 2027-09-26      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                                                          | WHIRLPOOL CORP                                     | CUSIP: 96332US92<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499366.95    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                          | CCG RECEIVABLES TRUST 2025 1                       | CUSIP: 12515XAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496973.36    | 0.17%             | 2032-10-14      | Fixed         | 4.89%                 | Yes           |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING LLC                                                                         | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183CW2<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    132000 | PA      | $132769.94    | 0.05%             | 2035-05-15      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                                                    | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $228943.83    | 0.08%             | 2037-04-20      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| INTERSTATE POWER AND LIGHT COMPANY                                                             | INTERSTATE POWER LIGHT                             | CUSIP: 46107JS12<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999746.40   | 0.70%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                                                                      | BPR TRUST 2022 STAR                                | CUSIP: 055980AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1241915.32   | 0.44%             | 2039-08-15      | Floating      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC                                                                 | ENTERPRISE FLEET FINANCING 2022 4 LLC              | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262841 | PA      | $263998.60    | 0.09%             | 2029-10-22      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                                                                   | DELL EQUIPMENT FINANCE TRUST                       | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254000 | PA      | $254198.35    | 0.09%             | 2031-02-24      | Fixed         | 5.29%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX COMMERCIAL MORTGAGE TRUST 2021 CIP              | CUSIP: 12434FAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    916139 | PA      | $910637.87    | 0.32%             | 2038-12-15      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST                                                                      | KUBOTA CREDIT OWNER TRUST 2025 1                   | CUSIP: 50117FAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750692.34    | 0.26%             | 2027-12-15      | Fixed         | 4.61%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                                             | CANADIAN NAT RES                                   | CUSIP: 13638WS11<br>LEI: 549300T15RIMIKZC5Q38 | Long             | STIV             | CORP              | CA        |    400000 | PA      | $399947.52    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BROOKFIELD CORPORATE TREASURY LTD.                                                             | BROOKFIELD COR TREASURY                            | CUSIP: 11271ESN9<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |    750000 | PA      | $747731.25    | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTER ISSUER LLC                                                                | CYRUSONE DATA CENTERS ISSUER I LLC                 | CUSIP: 23284BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224490 | PA      | $229095.08    | 0.08%             | 2050-02-20      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                                                      | COREBRIDGE GLOBAL FUNDING                          | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    295000 | PA      | $296808.71    | 0.10%             | 2026-09-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                                  | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502992.57    | 0.18%             | 2026-03-06      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                                      | SUNOCO LP SUNOCO FINANCE CORP                      | CUSIP: 86765LAQ0<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996706.00    | 0.35%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                                                 | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377REQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497151.65    | 0.17%             | 2026-08-20      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                                                                    | WESTPAC BANKING CORP                               | CUSIP: 961214ES8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1500000 | PA      | $1499850.03   | 0.53%             | 2026-06-03      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL FUNDING                                                                 | PROTECTIVE LIFE GLOBAL FUNDING                     | CUSIP: 74368CBS2<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007485.93   | 0.35%             | 2026-04-14      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| HCA INC.                                                                                       | HCA INC                                            | CUSIP: 404119CX5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1246789.57   | 0.44%             | 2028-03-01      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING LLC                                                                         | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183CX0<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $151292.55    | 0.05%             | 2035-05-15      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                                                                | FMC CORP                                           | CUSIP: 34410WS29<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499859.65    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HIKMA FINANCE USA LLC                                                                          | HIKMA FINANCE USA LLC                              | CUSIP: N/A<br>LEI: 213800BU7YH2WTM1QL87       | Long             | DBT              | CORP              | US        |    500000 | PA      | $498057.62    | 0.18%             | 2025-07-09      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MONONGAHELA POWER COMPANY                                                                      | MONONGAHELA POWER CO                               | CUSIP: 610202BR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    968000 | PA      | $951991.36    | 0.33%             | 2027-05-15      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                                                          | WHIRLPOOL CORP                                     | CUSIP: 96332USD3<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499087.60    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                                            | INTESA SANPAOLO SPA                                | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1420000 | PA      | $1420374.84   | 0.50%             | 2026-01-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                                                                      | BPR TRUST 2021 TY                                  | CUSIP: 05592AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435000 | PA      | $430661.70    | 0.15%             | 2038-09-15      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                                                                    | QBE INSURANCE GROUP LTD                            | CUSIP: 74728GAE0<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $249817.39    | 0.09%             | 2199-12-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                                                          | WHIRLPOOL CORP                                     | CUSIP: 96332USC5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |    750000 | PA      | $748735.95    | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                                                               | NMEF FUNDING 2015 A LLC                            | CUSIP: 62890QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    323816 | PA      | $326182.44    | 0.11%             | 2030-06-17      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                                            | FIFTH THIRD BANCORP                                | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    227000 | PA      | $224378.13    | 0.08%             | 2199-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80280BAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    434000 | PA      | $433945.71    | 0.15%             | 2033-01-18      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                           | JPMORGAN CHASE CO                                  | CUSIP: 46647PCQ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998608.33    | 0.35%             | 2027-09-22      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                                    | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137HFNP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    271324 | PA      | $268583.26    | 0.09%             | 2051-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                   | BARCLAYS PLC                                       | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |    500000 | PA      | $505545.00    | 0.18%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX COMMERCIAL MORTGAGE TRUST 2021 CIP              | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458069 | PA      | $455604.95    | 0.16%             | 2038-12-15      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SERVICES                                                                    | DISCOVER FINANCIAL SERVICES                        | CUSIP: 254709AQ1<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499317.51    | 0.18%             | 2199-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                                                              | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023 3           | CUSIP: 224936AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    474000 | PA      | $487077.06    | 0.17%             | 2033-10-17      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                                                              | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023 1           | CUSIP: 224927AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    881821 | PA      | $886752.60    | 0.31%             | 2033-03-15      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| LITTLE COMPANY OF MARY HOSPITAL OF INDIANA, INC.                                               | LITTLE CO OF MARY HOSPITAL OF INDIANA INC          | CUSIP: 53706RAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $659849.50    | 0.23%             | 2025-11-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| EQT CORPORATION                                                                                | EQT CORP                                           | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1270543.84   | 0.45%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                                                                 | CHARLES SCHWAB CORP THE                            | CUSIP: 808513BD6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498955.00    | 0.18%             | 2199-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                                                                 | COMMONWEALTH BANK OF AUSTRALIA                     | CUSIP: 2027A0KE8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   1500000 | PA      | $1500610.71   | 0.53%             | 2026-06-15      | Floating      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| ING Groep N.V.                                                                                 | ING GROEP NV                                       | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $503554.98    | 0.18%             | 2027-09-11      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                   | BARCLAYS PLC                                       | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |   1000000 | PA      | $1010315.21   | 0.36%             | 2027-05-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                                         | STANDARD CHARTERED PLC                             | CUSIP: 853254CV0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $505033.36    | 0.18%             | 2027-07-06      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                                                  | VISTRA OPERATIONS CO LLC                           | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999076.00    | 0.35%             | 2027-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                                                                | PRESTIGE AUTO RECEIVABLES TRUST 2025 1             | CUSIP: 74113UAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501278.48    | 0.18%             | 2028-11-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST                                                                     | CPS AUTO RECEIVABLES TRUST 2022 D                  | CUSIP: 12663UAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210009 | PA      | $210314.66    | 0.07%             | 2029-01-16      | Fixed         | 6.84%                 | Yes           |                  2 | On Loan: No      |
| SMRT COMMERCIAL MORTGAGE TRUST                                                                 | SMRT 2022 MINI                                     | CUSIP: 78457JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $984364.87    | 0.35%             | 2039-01-15      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| VENTURE CLO LIMITED                                                                            | VENTURE 49 CLO LTD                                 | CUSIP: 922972AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631579 | PA      | $630884.22    | 0.22%             | 2037-04-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BROOKFIELD CORPORATE TREASURY LTD.                                                             | BROOKFIELD COR TREASURY                            | CUSIP: 11271ES66<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |   1000000 | PA      | $999216.90    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                     | LAD AUTO RECEIVABLES TRUST 2023 3                  | CUSIP: 50168BAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1013162.27   | 0.36%             | 2028-06-15      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| WEIR GROUP PLC(THE)                                                                            | WEIR GROUP PLC THE                                 | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $872641.00    | 0.31%             | 2026-05-13      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST                                                                   | FORD CREDIT AUTO LEASE TRUST 2023 A                | CUSIP: 345287AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300060.88    | 0.11%             | 2026-06-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                                                          | HPEFS EQUIPMENT TRUST 2024 1                       | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $525904.42    | 0.18%             | 2031-12-22      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| GUADALUPE VALLEY ELECTRIC COOPERATIVE, INC.                                                    | GUADALUPE VAL ELEC                                 | CUSIP: 40064ASD9<br>LEI: TBXDF1BZ4WKPIZYR5I09 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998410.00    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                                          | ATHENE GLOBAL FUNDING                              | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508049.27    | 0.18%             | 2027-03-25      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80280BAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    573000 | PA      | $571227.31    | 0.20%             | 2033-01-18      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS PHASE I SPONSOR LLC                                                         | NEW ECONOMY ASSETS PHASE 1 SPONSOR LLC             | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    293000 | PA      | $266217.34    | 0.09%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| ANTARES HOLDINGS LP                                                                            | ANTARES HOLDINGS LP                                | CUSIP: 03666HAC5<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1465353.97   | 0.52%             | 2026-07-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199787 | PA      | $200503.00    | 0.07%             | 2033-06-15      | Fixed         | 7.08%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                       | U S TREASURY NOTE                                  | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $506171.88    | 0.18%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40509 | PA      | $40641.93     | 0.01%             | 2032-12-15      | Fixed         | 8.20%                 | Yes           |                  2 | On Loan: No      |
| PEACEHEALTH                                                                                    | PEACEHEALTH OBLIGATED GROUP                        | CUSIP: 70462GAB4<br>LEI: PLDU35L52IYZUL5SMS69 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979237.37    | 0.34%             | 2025-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                                             | CANADIAN NAT RES                                   | CUSIP: 13638WSE3<br>LEI: 549300T15RIMIKZC5Q38 | Long             | STIV             | CORP              | CA        |   1000000 | PA      | $998158.20    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United Airlines Pass Through Trust 2013-1A-O                                                   | UNITED AIR 13 1 CLs A Ptt                          | CUSIP: 909319AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    598071 | PA      | $595906.81    | 0.21%             | 2027-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CCC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    361732 | PA      | $363861.80    | 0.13%             | 2033-12-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST                                                                  | MHC COMMERCIAL MORTGAGE TRUST 2021 MHC             | CUSIP: 55316VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $797269.32    | 0.28%             | 2038-04-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS                                                                           | ALIGNED DATA CENTERS ISSUER LLC                    | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1434509.60   | 0.50%             | 2046-08-15      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| AVOLON TLB BORROWER 1 (US) LLC                                                                 | AVOLON TLB BORROWER 1 US LLC                       | CUSIP: 05400KAF7<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |    997382 | PA      | $992604.74    | 0.35%             | 2027-02-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST                                                       | GS MORTGAGE SECURITIES CORP II                     | CUSIP: 36270GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $596355.14    | 0.21%             | 2026-09-06      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                     | LAD AUTO RECEIVABLES TRUST 2021 1                  | CUSIP: 501683AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    303758 | PA      | $302539.65    | 0.11%             | 2027-04-15      | Fixed         | 2.35%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                       | BX TRUST                                           | CUSIP: 12433EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496163.72    | 0.17%             | 2039-01-15      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                                          | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025 1       | CUSIP: 96043VAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997386.63    | 0.35%             | 2028-01-15      | Floating      | 9.14%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                                          | ATHENE GLOBAL FUNDING                              | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005892.64   | 0.35%             | 2027-03-25      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                                 | CARVANA AUTO RECEIVABLES TRUST 2021 N2             | CUSIP: 14686KAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54487 | PA      | $52599.07     | 0.02%             | 2028-03-10      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                     | LAD AUTO RECEIVABLES TRUST 2023 2                  | CUSIP: 505713AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $753835.99    | 0.27%             | 2028-09-15      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1                                                                          | SCENTRE GROUP TRUST 1 SCENTRE GROUP TRUST 2        | CUSIP: 80622GAD6<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              | CORP              | AU        |    715000 | PA      | $709859.28    | 0.25%             | 2026-01-28      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST                                                    | NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST  | CUSIP: 63938PBX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $262705.01    | 0.09%             | 2029-04-25      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| EVERGY MISSOURI WEST, INC.                                                                     | EVERGY MISSOURI WEST INC                           | CUSIP: 30037MS14<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | STIV             | CORP              | US        |   2500000 | PA      | $2499683.00   | 0.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                                            | SOCIETE GENERALE SA                                | CUSIP: 83367TBR9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $995977.20    | 0.35%             | 2025-11-24      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                                    | FEDERAL HOME LOAN BANK                             | CUSIP: 3130B0RE1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1000540.00   | 0.35%             | 2027-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                        | BPCE SA                                            | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $513089.56    | 0.18%             | 2027-10-19      | Fixed         | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Nationwide Building Society                                                                    | NATIONWIDE BUILDING SOCIETY                        | CUSIP: 63861VAG2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1402550.02   | 0.49%             | 2028-02-16      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                                                   | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1250000 | PA      | $1251590.89   | 0.44%             | 2026-08-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| U S BANK NATIONAL ASSOCIATION                                                                  | US BANK NA                                         | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    487157 | PA      | $492987.11    | 0.17%             | 2032-08-25      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                               | DEUTSCHE BANK AG NEW YORK NY                       | CUSIP: 251526CN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    781000 | PA      | $775526.58    | 0.27%             | 2027-11-16      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| ESSENT GROUP LTD                                                                               | ESSENT GROUP LTD                                   | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $512856.01    | 0.18%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WINGSPIRE EQUIPMENT FINANCE LLC                                                                | WINGSPIRE EQUIPMENT FINANCE 2024 1 LLC             | CUSIP: 97415AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291789 | PA      | $290835.02    | 0.10%             | 2032-09-20      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FINANCE LP                                                                | NORTHRIVER MIDSTREAM FIN                           | CUSIP: 66679NAA8<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $994279.68    | 0.35%             | 2026-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                                                 | ELEMENT FLEET MANAGEMENT CORP                      | CUSIP: 286181AH5<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $508568.97    | 0.18%             | 2026-06-26      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Citibank National Association                                                                  | CITIBANK NA                                        | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999205.67    | 0.35%             | 2027-11-19      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST                                                                         | CHASE AUTO OWNER TRUST                             | CUSIP: 16144LAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $520255.20    | 0.18%             | 2031-09-25      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| ROCKET MORTGAGE, LLC                                                                           | ROCKET MORTGAGE LLC ROCKET MORTGAGE CO ISSUER IN   | CUSIP: 77313LAA1<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1206718.77   | 0.42%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                                                 | ELEMENT FLEET MANAGEMENT CORP                      | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $508748.77    | 0.18%             | 2027-03-13      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC.                                                        | INTL FLAVORS FRAGNANCE                             | CUSIP: 4595A2SM2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | STIV             | CORP              | US        |    500000 | PA      | $498647.05    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC                                                                 | ENTERPRISE FLEET FINANCING 2022 2 LLC              | CUSIP: 29374JAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16731 | PA      | $16724.45     | 0.01%             | 2029-05-21      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                     | LAD AUTO RECEIVABLES TRUST 2022 1                  | CUSIP: 501687AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65966 | PA      | $65963.66     | 0.02%             | 2027-06-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                                                                | FMC CORP                                           | CUSIP: 34410WSV5<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $995823.40    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                                                               | NMEF FUNDING 2025 A LLC                            | CUSIP: 62919VAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709091 | PA      | $702748.46    | 0.25%             | 2032-04-25      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| COTY INC.                                                                                      | COTY INC                                           | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1242807.67   | 0.44%             | 2026-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II                                                                    | MASTER CREDIT CARD TRUST II                        | CUSIP: 576339DH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501369.25    | 0.18%             | 2027-06-21      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| MOLEX ELECTRONIC TECHNOLOGIES, LLC                                                             | MOLEX ELECTRONIC TECHNOLOGIES LLC                  | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |    750000 | PA      | $756096.97    | 0.27%             | 2028-04-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                          | BANK OF AMERICA NA                                 | CUSIP: 06428CAB0<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501700.66    | 0.18%             | 2026-08-18      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| MGIC INVESTMENT CORPORATION                                                                    | MGIC INVESTMENT CORP                               | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498652.22    | 0.18%             | 2028-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                                                           | GLOBAL PAYMENTS INC                                | CUSIP: 37961CS52<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499659.30    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SYNCHRONY BANK                                                                                 | SYNCHRONY BANK                                     | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    752000 | PA      | $751055.20    | 0.26%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GREATAMERICA LEASING RECEIVABLES FUNDING, L.L.C.                                               | GREATAMERICA LEASING RECEIVABLES FUNDING LLC       | CUSIP: 39154GAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750205.91    | 0.26%             | 2027-10-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING LLC                                                                         | CHESAPEAKE FUNDING II LLC                          | CUSIP: 165183CU6<br>LEI: 549300LG5AUFDML64706 | Long             | ABS-MBS          | CORP              | US        |    227764 | PA      | $228970.81    | 0.08%             | 2035-05-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST                                                              | PROGRESS RESIDENTIAL TRUST                         | CUSIP: 74333FAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $582434.28    | 0.20%             | 2026-07-16      | Fixed         | 1.66%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCK FINANCE NORTH AMERICA LLC                                                        | DAIMLER TRUCK FINANCE NORTH AMERICA LLC            | CUSIP: 233853AX8<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748487.00    | 0.26%             | 2027-09-25      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| SK hynix Inc.                                                                                  | SK HYNIX INC                                       | CUSIP: 78392BAD9<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    750000 | PA      | $757946.95    | 0.27%             | 2026-01-17      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECHNOLOGY PLC                                                              | INTERNATIONAL GAME TECHNOLOGY PLC                  | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1030000 | PA      | $1016246.30   | 0.36%             | 2026-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                                                                     | AVIATION CAPITAL GROUP LLC                         | CUSIP: 05367AAH6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998733.34    | 0.35%             | 2025-10-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Nordea Bank Abp                                                                                | NORDEA BANK ABP                                    | CUSIP: 65558RAB5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    500000 | PA      | $500110.28    | 0.18%             | 2025-06-06      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                                                              | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023 3           | CUSIP: 224936AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $758764.14    | 0.27%             | 2033-08-15      | Fixed         | 6.39%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                                                               | NMEF FUNDING 2024 A LLC                            | CUSIP: 62919UAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $647734.66    | 0.23%             | 2031-12-15      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| GRAY OAK PIPELINE, LLC                                                                         | GRAY OAK PIPELINE LLC                              | CUSIP: 38937LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984751.03    | 0.35%             | 2025-10-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                                            | NATWEST MARKETS PLC                                | CUSIP: 63906YAE8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $998093.27    | 0.35%             | 2026-09-29      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| AIR CANADA 2013-1 PASS THROUGH TRUST                                                           | AIR CANADA 2013 1 CLASS A PTT                      | CUSIP: 009089AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    942643 | PA      | $940109.05    | 0.33%             | 2026-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC                                                                      | AUXILIOR TERM FUNDING 2024 1 LLC                   | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    560268 | PA      | $563951.18    | 0.20%             | 2027-03-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                                                                | BLACKSTONE SECURED LENDING FUND                    | CUSIP: 09261LAC2<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988702.17    | 0.35%             | 2026-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY, INC.                                                         | GENERAL MOTORS FINANCIAL CO INC                    | CUSIP: 37045XFF8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983741.75    | 0.35%             | 2028-04-04      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bank                                                                             | TEXAS CAPITAL BANK NA DALLAS TX                    | CUSIP: 88224PJS9<br>LEI: 38PG5GG0OEQK4QMSKE59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995443.40    | 0.35%             | 2026-01-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES                                                                     | PEAC SOLUTIONS RECEIVABLES 2024 2 LLC              | CUSIP: 69392BAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    571000 | PA      | $568863.66    | 0.20%             | 2031-10-20      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Viper Energy, Inc.                                                                             | VIPER ENERGY PARTNERS LP                           | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1244754.55   | 0.44%             | 2027-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS, INC.                                                                        | ARROW ELECTRONICS INC                              | CUSIP: 04273LS55<br>LEI: 549300YNNLBXT8N8R512 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999330.80    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TTAN MHC                                                                                       | TTAN                                               | CUSIP: 87303TAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285645 | PA      | $284462.21    | 0.10%             | 2038-03-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON AUTO TRUST                                                                          | HUNTINGTON BANK AUTO CREDIT LINKED NOTES SERIES 20 | CUSIP: 44644NAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700442 | PA      | $699399.04    | 0.25%             | 2032-10-20      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE LLC                                                                | POST ROAD EQUIPMENT FINANCE 2025 1 LLC             | CUSIP: 73747LAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259000 | PA      | $261017.07    | 0.09%             | 2031-05-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                                              | CROWN CASTLE INTL CORP                             | CUSIP: 22823PSL8<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |    500000 | PA      | $498634.45    | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHASE AUTO CREDIT LINKED NOTES                                                                 | JPMORGAN CHASE BANK NA CACLN                       | CUSIP: 46591HCE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1532 | PA      | $1527.33      | 0.00%             | 2029-02-26      | Fixed         | 0.86%                 | Yes           |                  2 | On Loan: No      |
| DLLAA LLC                                                                                      | DLLAA 2025 1 LLC                                   | CUSIP: 233249AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    521739 | PA      | $529308.59    | 0.19%             | 2029-09-20      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II                                                                    | MASTER CREDIT CARD TRUST II                        | CUSIP: 576339DK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    308000 | PA      | $308748.31    | 0.11%             | 2027-01-21      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                                       | AMERICAN EXPRESS CO                                | CUSIP: 025816EE5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    750000 | PA      | $753152.34    | 0.26%             | 2029-04-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                             | CREDIT AGRICOLE SA                                 | CUSIP: 22535WAM9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $499761.39    | 0.18%             | 2028-09-11      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| BLUE BRIDGE FUNDING LLC                                                                        | BLUE BRIDGE FUNDING 2023 1 LLC                     | CUSIP: 09531MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    269143 | PA      | $270664.24    | 0.10%             | 2030-11-15      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDING II                                                                   | MASSMUTUAL GLOBAL FUNDING II                       | CUSIP: 57629TBS5<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749440.35    | 0.26%             | 2027-04-09      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                                 | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    250218 | NS      | $250217.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                                  | FORD MOTOR CREDIT CO LLC                           | CUSIP: 345397F99<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735619.49    | 0.26%             | 2026-11-05      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUB SVCS AUTH REV                                                            | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY            | CUSIP: 8371516S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505168.30    | 0.18%             | 2027-12-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING LLC                                                                 | WHEELS FLEET LEASE FUNDING 1 LLC                   | CUSIP: 96328GBN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    673065 | PA      | $674277.54    | 0.24%             | 2039-02-18      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                                                        | CANADIAN IMPERIAL BANK OF COMMERCE                 | CUSIP: 13607LWU3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1006266.94   | 0.35%             | 2026-10-02      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                                                             | ABN AMRO BANK NV                                   | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1009297.18   | 0.35%             | 2027-09-18      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LIMITED                                                                | NATIONAL AUSTRALIA BANK LTD                        | CUSIP: 6325C0EC1<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   1250000 | PA      | $1251782.22   | 0.44%             | 2027-01-12      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| SONOCO PRODUCTS COMPANY.                                                                       | SONOCO PRODUCTS COMPANY                            | CUSIP: 83549RSF2<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1496776.65   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                                        | HYUNDAI CAPITAL AMERICA                            | CUSIP: 44891ACZ8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998029.94    | 0.35%             | 2027-03-19      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| VOYA CLO                                                                                       | VOYA CLO 2019 2 LTD                                | CUSIP: 92917RAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451693 | PA      | $451278.22    | 0.16%             | 2032-07-20      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                                                               | NMEF FUNDING 2022 B LLC                            | CUSIP: 62890MAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175697 | PA      | $176075.12    | 0.06%             | 2029-06-15      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| AIR CANADA                                                                                     | AIR CANADA                                         | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $490788.46    | 0.17%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                                                             | AMERICAN HONDA FINANCE CORP                        | CUSIP: 02665WFW6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996885.13    | 0.35%             | 2028-03-05      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| FCCU AUTO RECEIVABLES TRUST                                                                    | FCCU AUTO RECEIVABLES TRUST 2024 1                 | CUSIP: 30336CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    646400 | PA      | $657671.85    | 0.23%             | 2030-04-15      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| OVINTIV INC.                                                                                   | OVINTIV INC                                        | CUSIP: 69047JTW8<br>LEI: 2549003MEX7YMKLGI239 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1486453.80   | 0.52%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $504687.50    | 0.18%             | 2032-05-15      | Fixed         | 9.96%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                                        | GA GLOBAL FUNDING TRUST                            | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497810.00    | 0.18%             | 2027-09-23      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST                                                                 | SWCH COMMERCIAL MORTGAGE TRUST 2025 DATA           | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $736524.11    | 0.26%             | 2042-03-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                                    | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3134HAF40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1001034.24   | 0.35%             | 2027-11-26      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                   | UBS GROUP AG                                       | CUSIP: 902613AM0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $999808.57    | 0.35%             | 2026-05-12      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     81019 | PA      | $81185.35     | 0.03%             | 2032-12-15      | Fixed         | 6.99%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                                                | AVOLON HOLDINGS FNDG LTD                           | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $500466.56    | 0.18%             | 2026-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384CNA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    366355 | PA      | $368734.67    | 0.13%             | 2047-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                                          | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023 2       | CUSIP: 959926AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501701.11    | 0.18%             | 2028-03-15      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER UK GROUP HOLDINGS PLC                                                                | SANTANDER UK GROUP HOLDINGS PLC                    | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $505080.00    | 0.18%             | 2026-11-21      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| FMC CORPORATION                                                                                | FMC CORP                                           | CUSIP: 34410WS11<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999859.70    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC                                                                             | HAT HOLDINGS I LLC HAT HOLDINGS II LLC             | CUSIP: 418751AL7<br>LEI: 254900YE1WH1XG7Y4E44 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1286212.24   | 0.45%             | 2027-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                             | ENERGY TRANSFER LP                                 | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497509.75    | 0.17%             | 2199-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST                                                                | PRESTIGE AUTO RECEIVABLES TRUST 2025 1             | CUSIP: 74113UAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    177000 | PA      | $177794.04    | 0.06%             | 2030-02-15      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                               | DEUTSCHE BANK AG NEW YORK NY                       | CUSIP: 25160PAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150235.29    | 0.05%             | 2026-07-14      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                                         | AMUR EQUIPMENT FINANCE RECEIVABLES XII LLC         | CUSIP: 03236YAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257487 | PA      | $260115.71    | 0.09%             | 2029-12-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP.                                                                   | OWL ROCK CORE INCOME CORP                          | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1444749.81   | 0.51%             | 2026-09-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                                                                       | STATE STREET CORP                                  | CUSIP: 857477CB7<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000152.00   | 0.35%             | 2026-05-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                                         | AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC          | CUSIP: 03236XAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166595 | PA      | $166833.08    | 0.06%             | 2028-06-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST                                                                            | DT AUTO OWNER TRUST                                | CUSIP: 26253WAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10116 | PA      | $10101.22     | 0.00%             | 2027-09-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST                                                    | NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST  | CUSIP: 63938PBU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    413793 | PA      | $415416.75    | 0.15%             | 2028-08-25      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| LBA TRUST                                                                                      | LBA TRUST 2024 7IND                                | CUSIP: 52109XAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497943.86    | 0.18%             | 2041-10-15      | Floating      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| CEDR COMMERCIAL MORTGAGE TRUST                                                                 | CEDR TRUST                                         | CUSIP: 12524AAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $940085.42    | 0.33%             | 2039-02-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| The Huntington National Bank                                                                   | HUNTINGTON NATIONAL BANK THE                       | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004069.49   | 0.35%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                                                 | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RFW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $759906.85    | 0.27%             | 2027-04-20      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP INC.                                                                   | AMERICAN NATIONAL GROUP INC                        | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508080.00    | 0.18%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                                             | CREDIT AGRICOLE SA                                 | CUSIP: 22534PAF0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    750000 | PA      | $754107.73    | 0.27%             | 2026-07-05      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                                        | ROYAL BANK OF CANADA                               | CUSIP: 78016EYD3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $498957.74    | 0.18%             | 2026-11-02      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| DEXT ABS LLC                                                                                   | DEXT ABS 2025 1 LLC                                | CUSIP: 252154AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994208.86    | 0.35%             | 2035-08-15      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST                                         | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES COR | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    944897 | PA      | $943017.74    | 0.33%             | 2038-04-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| DEXT ABS LLC                                                                                   | DEXT ABS 2023 2 LLC                                | CUSIP: 25216CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $765588.55    | 0.27%             | 2034-05-15      | Fixed         | 6.41%                 | Yes           |                  2 | On Loan: No      |
| VERDANT RECEIVABLES LLC                                                                        | VERDANT RECEIVABLES 2023 1 LLC                     | CUSIP: 92339GAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    469829 | PA      | $476417.36    | 0.17%             | 2031-01-13      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                     | LAD AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 505710AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300649.42    | 0.11%             | 2027-08-16      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST, INC.                                                                  | STARWOOD PROPERTY TRUST INC                        | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488157.71    | 0.17%             | 2026-07-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX 2021 LBA3 MORTGAGE TRUST                        | CUSIP: 05609PAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $984611.19    | 0.35%             | 2036-10-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORPORATION                                                                          | WHIRLPOOL CORP                                     | CUSIP: 96332US84<br>LEI: WHENKOULSSK7WUM60H03 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998873.90    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GUAM INTL ARPT AUTH REV                                                                        | ANTONIO B WON PAT INTERNATIONAL AIRPORT AUTHORITY  | CUSIP: 40064REC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296662.90    | 0.10%             | 2025-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| THE CHEMOURS COMPANY                                                                           | CHEMOURS CO THE                                    | CUSIP: 16384YAJ6<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |   1464523 | PA      | $1424248.17   | 0.50%             | 2028-08-18      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES                                                       | HUNTINGTON BANK AUTO CREDIT LINKED NOTES SERIES 20 | CUSIP: 44644NAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    804895 | PA      | $802908.03    | 0.28%             | 2032-05-20      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10181 | PA      | $10178.20     | 0.00%             | 2032-05-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                 | MORGAN STANLEY                                     | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001082.59   | 0.35%             | 2028-04-13      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                                 | ING GROEP NV                                       | CUSIP: 456837AX1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $500244.97    | 0.18%             | 2027-04-01      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                     | LAD AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1009283.74   | 0.35%             | 2027-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORPORATION                                                                   | OWL ROCK CAPITAL CORP                              | CUSIP: 69121KAC8<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1294052.70   | 0.45%             | 2025-07-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY LENDING, INC.                                                           | SIXTH STREET SPECIALTY LENDING INC                 | CUSIP: 83012AAA7<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $966080.40    | 0.34%             | 2026-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BROWN UNIVERSITY HEALTH                                                                        | BROWN UNIVERSITY HEALTH                            | CUSIP: 53229UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251236.31    | 0.09%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP.                                                                          | TARGA RESOURCES CORP                               | CUSIP: 87613ES63<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999184.30    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                                                                  | MELCO RESORTS FINANCE LTD                          | CUSIP: 58547DAB5<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    750000 | PA      | $738859.75    | 0.26%             | 2026-04-26      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44560 | PA      | $44808.45     | 0.02%             | 2032-12-15      | Fixed         | 11.37%                | Yes           |                  2 | On Loan: No      |
| NP SPE II LLC                                                                                  | NP SPE II LLC                                      | CUSIP: 62946AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91572 | PA      | $88863.44     | 0.03%             | 2047-10-21      | Fixed         | 3.37%                 | Yes           |                  2 | On Loan: No      |
| RELIANCE STANDARD LIFE GLOBAL FUNDING II                                                       | RELIANCE STANDARD LIFE GLOBAL FUNDING II           | CUSIP: 75951ACY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1301722.93   | 0.46%             | 2026-02-02      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX TRUST                                           | CUSIP: 05608WAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    438369 | PA      | $434964.67    | 0.15%             | 2038-06-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                                             | CANADIAN NAT RES                                   | CUSIP: 13638WSF0<br>LEI: 549300T15RIMIKZC5Q38 | Long             | STIV             | CORP              | CA        |   1000000 | PA      | $998026.30    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AUTONATION, INC.                                                                               | AUTONATION INC                                     | CUSIP: 05330LS12<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1499791.65   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                                                   | FORD CREDIT AUTO OWNER TRUST FORD CREDIT           | CUSIP: 345285AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $239480.22    | 0.08%             | 2034-05-15      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                   | BX TRUST                                           | CUSIP: 05608KAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $695001.10    | 0.24%             | 2038-05-15      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| JERSEY CENTRAL POWER & LIGHT COMPANY                                                           | JERSEY CENTRAL POWER LIGHT CO                      | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   1248000 | PA      | $1241555.00   | 0.44%             | 2026-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD.                                                                | PALMER SQUARE LOAN FUNDING LTD                     | CUSIP: 69701CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000795.00   | 0.35%             | 2030-04-15      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                                                      | REGAL REXNORD CORP                                 | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1409030.00   | 0.50%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                                                                          | PAYPAL HOLDINGS INC                                | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748668.23    | 0.26%             | 2028-03-06      | Floating      | 5.02%                 | No            |                  2 | On Loan: —       |
| BPR TRUST                                                                                      | BPR TRUST 2022 OANA                                | CUSIP: 05592DAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996788.26    | 0.35%             | 2037-04-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD.                                                                | PALMER SQUARE LOAN FUNDING 2022 3 LTD              | CUSIP: 69690CAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499650.00    | 0.18%             | 2031-04-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST                                                                       | ONE NEW YORK PLAZA TRUST 2020 1NYP                 | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $844491.02    | 0.30%             | 2036-01-15      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| FMC CORPORATION                                                                                | FMC CORP                                           | CUSIP: 34410WST0<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |    350000 | PA      | $348641.83    | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                                        | BANK OF NOVA SCOTIA THE                            | CUSIP: 064159VJ2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $498804.99    | 0.18%             | 2199-12-31      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                                                        | SECURITIZED TERM AUTO RECEIVABLES TRUST            | CUSIP: 81378RAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189779 | PA      | $191069.30    | 0.07%             | 2031-07-25      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38384D7Z4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    657944 | PA      | $664738.57    | 0.23%             | 2199-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCE US INC.                                                                     | STELLANTIS FINANCE US INC                          | CUSIP: 85855CAM2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503619.95    | 0.18%             | 2028-03-17      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                                                    | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $507332.42    | 0.18%             | 2037-04-20      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| BLP COMMERCIAL MORTGAGE TRUST                                                                  | BLP COMMERCIAL MORTGAGE TRUST 2025 IND             | CUSIP: 05625BAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $732974.41    | 0.26%             | 2042-03-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Hawaiian Airlines 2013-1 Pass Through Trusts                                                   | HAWAIIAN AIRLINES 2013 1 CLASS A PASS THROUGH CERT | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1313495 | PA      | $1267824.39   | 0.45%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                                         | STANDARD CHARTERED PLC                             | CUSIP: 85325C2F8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $750727.23    | 0.26%             | 2029-01-21      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING LLC                                                                               | NMEF FUNDING 2025 A LLC                            | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498214.70    | 0.18%             | 2032-04-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital, L.P.                                                                              | GLP CAPITAL LP FIN II                              | CUSIP: 361841AH2<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1495154.09   | 0.53%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CYRUSONE DATA CENTER ISSUER LLC                                                                | CYRUSONE DATA CENTERS ISSUER I LLC                 | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    233000 | PA      | $225307.45    | 0.08%             | 2049-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                                    | FEDERAL HOME LOAN BANK                             | CUSIP: 3130B32L6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $994970.00    | 0.35%             | 2027-10-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMERGENT AUTO RECEIVABLES TRUST                                                                | ENT AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 293601AE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $758248.10    | 0.27%             | 2029-01-16      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                       | U S TREASURY NOTE                                  | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1266113.28   | 0.45%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                                           | GLENCORE FUNDING LLC                               | CUSIP: 378272BW7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001890.37   | 0.35%             | 2027-04-04      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                                       | CELANESE US HOLDINGS LLC                           | CUSIP: 15089XAP4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | LON              | CORP              | US        |   1250000 | PA      | $1250000.00   | 0.44%             | 2026-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORPORATION                                                                        | HF SINCLAIR CORP                                   | CUSIP: 403949AP5<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1260297.93   | 0.44%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico | BANCO SANTANDER MEXICO SA INSTITUCION              | CUSIP: 05969BAF0<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |    337000 | PA      | $341824.63    | 0.12%             | 2029-12-10      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                                              | CROWN CASTLE INTL CORP                             | CUSIP: 22823PS12<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999866.00    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                       | BX TRUST 2025 ROIC                                 | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    389286 | PA      | $381507.88    | 0.13%             | 2030-03-15      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| GUADALUPE VALLEY ELECTRIC COOPERATIVE, INC.                                                    | GUADALUPE VAL ELEC                                 | CUSIP: 40064AS64<br>LEI: TBXDF1BZ4WKPIZYR5I09 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999260.00    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Smithfield Foods, Inc.                                                                         | SMITHFIELD FOODS INC                               | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988321.75    | 0.35%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                                                        | MERCEDES BENZ FINANCE NORTH AMERICA LLC            | CUSIP: 58769JBF3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998343.13    | 0.35%             | 2028-03-31      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL SECURITIES CLEARING CORPORATION                                                       | NATIONAL SECURITIES CLEARING CORP                  | CUSIP: 637639AJ4<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750269.53    | 0.26%             | 2025-05-30      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                              | HSBC HOLDINGS PLC                                  | CUSIP: 404280DY2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $605370.90    | 0.21%             | 2027-08-14      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| CLARUS CAPITAL FUNDING LLC                                                                     | CLARUS CAPITAL FUNDING 2024 1 LLC                  | CUSIP: 18271JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $239224.60    | 0.08%             | 2032-08-20      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                                  | GOLDMAN SACHS GROUP INC THE                        | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003557.07   | 0.35%             | 2028-04-23      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc.                                                                              | MARKEL GROUP INC                                   | CUSIP: 570535AW4<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249078.71    | 0.09%             | 2199-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC.                                                        | INTL FLAVORS FRAGNANCE                             | CUSIP: 4595A2SG5<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | STIV             | CORP              | US        |   2200000 | PA      | $2195481.42   | 0.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                                                              | ALGONQUIN POWER UTILITIES CORP                     | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1006651.04   | 0.35%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| BX TRUST                                                                                       | BX TRUST                                           | CUSIP: 12433EAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $991159.40    | 0.35%             | 2039-01-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                                 | CARVANA AUTO RECEIVABLES TRUST 2021 N1             | CUSIP: 14687DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89692 | PA      | $87086.57     | 0.03%             | 2028-01-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES                                                                     | PEAC SOLUTIONS RECEIVABLES 2025 1 LLC              | CUSIP: 69392HAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500357.62    | 0.18%             | 2028-10-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| BANQUE DE MONTREAL                                                                             | BANK OF MONTREAL                                   | CUSIP: 06368FAD1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | RF                | CA        |   1500000 | PA      | $1498046.51   | 0.53%             | 2026-09-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| EMERGENT AUTO RECEIVABLES TRUST                                                                | ENT AUTO RECEIVABLES TRUST 2023 1                  | CUSIP: 293601AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $258934.14    | 0.09%             | 2030-01-15      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                                    | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3137HJZZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    999954 | PA      | $1000059.82   | 0.35%             | 2029-11-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                                                             | ABN AMRO BANK NV                                   | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    480000 | PA      | $490738.56    | 0.17%             | 2027-09-18      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| LOBEL AUTOMOBILE RECEIVABLES TRUST                                                             | LOBEL AUTOMOBILE RECEIVABLES TRUST 2025 1          | CUSIP: 53948RAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    675000 | PA      | $681148.08    | 0.24%             | 2030-01-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                                                          | NEXTERA ENERGY CAPITAL HOLDINGS INC                | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999320.60    | 0.35%             | 2028-02-04      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                                          | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023 2       | CUSIP: 959926AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $505086.03    | 0.18%             | 2028-03-15      | Fixed         | 6.29%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                           | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180866 | PA      | $182638.91    | 0.06%             | 2033-12-15      | Fixed         | 6.66%                 | Yes           |                  2 | On Loan: No      |
| DLLAA LLC                                                                                      | DLLAA 2023 1 LLC                                   | CUSIP: 23292HAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139237 | PA      | $139434.00    | 0.05%             | 2026-07-20      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                                                     | GLS AUTO RECEIVABLES ISSUER TRUST 2021 3           | CUSIP: 36263LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1218980.67   | 0.43%             | 2028-10-16      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                                   | SANTANDER HOLDINGS USA INC                         | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401574.80    | 0.14%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| American Airlines 2016-1 Pass Through Trusts                                                   | AMERICAN AIRLINES 2016 1 CLASS AA                  | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268052 | PA      | $257468.60    | 0.09%             | 2029-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                                    | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JCX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    507000 | PA      | $511943.15    | 0.18%             | 2029-05-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                                            | EXETER AUTOMOBILE RECEIVABLES TRUST 2020 3         | CUSIP: 30166NAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $749868.83    | 0.26%             | 2027-06-15      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| APA CORPORATION                                                                                | APA CORP                                           | CUSIP: 00188AS93<br>LEI: 549300VCIWLRHYVSHC79 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998739.80    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                                                                     | TORONTO DOMINION BANK THE                          | CUSIP: 89114TZH8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1497061.12   | 0.53%             | 2026-09-10      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| CP EF ASSET SECURITIZATION I, LLC                                                              | CP EF ASSET SECURITIZATION II LLC                  | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420769 | PA      | $424857.08    | 0.15%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                                  | FEDERAL FARM CREDIT BANK                           | CUSIP: 3133ETBK2<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    750000 | PA      | $749145.00    | 0.26%             | 2029-04-02      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| LOBEL AUTOMOBILE RECEIVABLES TRUST                                                             | LOBEL AUTOMOBILE RECEIVABLES TRUST 2025 1          | CUSIP: 53948RAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501407.65    | 0.18%             | 2028-04-17      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| ONE MORTGAGE TRUST                                                                             | ONE 2021 PARK MORTGAGE TRUST                       | CUSIP: 682413AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $954237.53    | 0.34%             | 2036-03-15      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                                | DANSKE BANK A S                                    | CUSIP: 23636ABE0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    500000 | PA      | $502593.71    | 0.18%             | 2026-09-22      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                                                            | NISSAN MOTOR ACCEPTANCE CO LLC                     | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490150.43    | 0.17%             | 2027-09-13      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                       | LLOYDS BANKING GROUP PLC                           | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $503524.77    | 0.18%             | 2027-08-07      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BX TRUST                                                                                       | BX TRUST 2021 RISE                                 | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    422665 | PA      | $419279.80    | 0.15%             | 2036-11-15      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUB SVCS AUTH REV                                                            | SOUTH CAROLINA PUBLIC SERVICE AUTHORITY            | CUSIP: 8371516R5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502712.10    | 0.18%             | 2026-12-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS, INC.                                                                             | NMI HOLDINGS INC                                   | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253003.06    | 0.09%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                                                   | ROCKIES EXPRESS PIPELINE LLC                       | CUSIP: 77340RAS6<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748948.82    | 0.26%             | 2025-05-15      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                                     | FLAGSHIP CREDIT AUTO TRUST 2019 4                  | CUSIP: 33845FAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    619347 | PA      | $615846.20    | 0.22%             | 2027-03-15      | Fixed         | 4.11%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                                                    | MERCHANTS FLEET FUNDING LLC                        | CUSIP: 588926AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    387765 | PA      | $390499.40    | 0.14%             | 2037-04-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| DELOS AIRCRAFT DESIGNATED ACTIVITY COMPANY                                                     | DELOS AIRCRAFT LEASING DAC                         | CUSIP: L2324EAF8<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    857143 | PA      | $856834.30    | 0.30%             | 2027-10-31      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer