# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046749
**Filing Date:** 2023-2
**Character Count:** 85955
**Document Hash:** e447168787a22fe0f0b65adb84467cdd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046749.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING CAPITAL FUNDS
- **CENTRAL INDEX KEY:** 0000889284
- **IRS NUMBER:** 043331055
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06719
- **FILM NUMBER:** 23683006

**BUSINESS ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612
- **BUSINESS PHONE:** 8002281872

**MAIL ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T FUNDS /
- **DATE OF NAME CHANGE:** 20010419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T MUTUAL FUNDS GROUP
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Sterling Capital Ultra Short Bond Fund (Series ID: S000039047)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000119973 | A CLASS             | BUSRX           |
| C000119975 | INSTITUTIONAL CLASS | BUSIX           |

## Nport-Ex

Sterling

Capital

Ultra

Short

Bond

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

See

accompanying

Notes

to

the

Schedule

of

Portfolio

Investments.

Principal

Amount

Fair

Value

ASSET

BACKED

SECURITIES

—

19.9%

$

100,000

Ally

Auto

Receivables

Trust,

Series

2022-3,

Class

A2,

5.290%,

6/16/25

..........

$

100,133

350,000

AmeriCredit

Automobile

Receivables

Trust,

Series

2019-3,

Class

C,

2.320%,

7/18/25

.......................

343,723

54,953

AmeriCredit

Automobile

Receivables

Trust,

Series

2021-3,

Class

A2,

0.410%,

2/18/25

.......................

54,589

245,406

AmeriCredit

Automobile

Receivables

Trust,

Series

2022-1,

Class

A2,

2.050%,

1/20/26

.......................

242,502

122,208

ARI

Fleet

Lease

Trust,

Series

2018-B,

Class

A3,

3.430%,

8/16/27(a)

........

122,158

261,226

ARI

Fleet

Lease

Trust,

Series

2020-A,

Class

A3,

1.800%,

8/15/28(a)

........

260,552

250,476

ARI

Fleet

Lease

Trust,

Series

2021-A,

Class

A2,

0.370%,

3/15/30(a)

........

246,025

525,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2018-1A,

Class

A,

3.700%,

9/20/24(a)

.....................

519,799

275,000

Carmax

Auto

Owner

Trust,

Series

2022-4,

Class

A2A,

5.340%,

12/15/25

.......

275,737

88,807

Carvana

Auto

Receivables

Trust,

Series

2021-P2,

Class

A3,

0.490%,

3/10/26

...

85,543

15,659

Chesapeake

Funding

II,

LLC,

Series

2019-

2A,

Class

A1,

1.950%,

9/15/31(a)

.....

15,649

425,016

Chesapeake

Funding

II,

LLC,

Series

2020-

1A,

Class

A1,

0.870%,

8/15/32(a)

.....

419,101

655

Citicorp

Residential

Mortgage

Trust,

STEP,

Series

2007-2,

Class

A6,

4.730%,

6/25/37

.......................

649

120,000

Enterprise

Fleet

Financing,

LLC,

Series

2020-1,

Class

A3,

1.860%,

12/22/25(a)

.

116,952

203,809

Enterprise

Fleet

Financing,

LLC,

Series

2020-2,

Class

A2,

0.610%,

7/20/26(a)

..

198,576

241,122

Enterprise

Fleet

Financing,

LLC,

Series

2021-2,

Class

A2,

0.480%,

5/20/27(a)

..

229,808

208,447

Fifth

Third

Auto

Trust,

Series

2019-1,

Class

A4,

2.690%,

11/16/26

.............

208,288

400,000

Ford

Credit

Auto

Owner

Trust

2018-

REV2,

Series

2018-2,

Class

A,

3.470%,

1/15/30(a)

.....................

394,561

311,413

GreatAmerica

Leasing

Receivables

Funding,

LLC,

Series

2021-1,

Class

A3,

0.340%,

8/15/24(a)

...............

303,092

225,000

Hertz

Vehicle

Financing,

LLC,

Series

2021-1A,

Class

A,

1.210%,

12/26/25(a)

207,954

5,907

Nissan

Auto

Receivables

Owner

Trust,

Series

2019-C,

Class

A3,

1.930%,

7/15/24

.......................

5,886

324,000

OneMain

Financial

Issuance

Trust,

Series

2018-2A,

Class

A,

3.570%,

3/14/33(a)

.

317,631

135,027

OneMain

Financial

Issuance

Trust,

Series

2020-1A,

Class

A,

3.840%,

5/14/32(a)

.

134,042

Principal

Amount

Fair

Value

ASSET

BACKED

SECURITIES

—

(continued)

$

283,060

Santander

Consumer

Auto

Receivables

Trust

2021-A,

Series

2021-AA,

Class

A3,

0.330%,

10/15/25(a)

...........

$

278,076

122,122

Santander

Drive

Auto

Receivables

Trust,

Series

2021-1,

Class

C,

0.750%,

2/17/26

120,010

296,635

Santander

Drive

Auto

Receivables

Trust,

Series

2021-3,

Class

B,

0.600%,

12/15/25

.......................

294,409

320,000

World

Omni

Auto

Receivables

Trust,

Series

2021-B,

Class

A3,

0.420%,

6/15/26

...

307,149

22,653

World

Omni

Select

Auto

Trust,

Series

2021-A,

Class

A2,

0.290%,

2/18/25

...

22,608

Total

Asset

Backed

Securities

(Cost

$5,911,312)

................

5,825,202

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

0.5%

5,905

Freddie

Mac,

Series

4172,

Class

PB,

1.500%,

7/15/40

.................

5,882

159,728

JP

Morgan

Mortgage

Trust,

Series

2017-5,

Class

A1B,

3.211%,

10/26/48(a)(b)

...

151,867

Total

Collateralized

Mortgage

Obligations

(Cost

$167,846)

.................

157,749

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

14.1%

174,000

BX

2021-LBA3

Mortgage

Trust,

Series

2021-PAC,

Class

B,

5.217%,

(LIBOR

USD

1-Month

plus

0.90%),

10/15/36(a)

(c) ...........................

164,617

123,672

BX

Commercial

Mortgage

Trust,

Series

2021-21M,

Class

C,

5.495%,

(LIBOR

USD

1-Month

plus

1.18%),

10/15/36(a)

(c) ...........................

115,956

172,000

BX

Commercial

Mortgage

Trust,

Series

2021-ACNT,

Class

C,

5.818%,

(LIBOR

USD

1-Month

plus

1.50%),

11/15/38(a)

(c) ...........................

163,360

202,000

BX

Commercial

Mortgage

Trust,

Series

2021-CIP,

Class

B,

5.589%,

(LIBOR

USD

1-Month

plus

1.27%),

12/15/38(a)

(c) ...........................

193,895

134,374

BX

Commercial

Mortgage

Trust,

Series

2021-XL2,

Class

C,

5.515%,

(LIBOR

USD

1-Month

plus

1.20%),

10/15/38(a)

(c) ...........................

127,465

202,389

BX

Commercial

Mortgage

Trust,

Series

2022-LP2,

Class

B,

5.648%,

(TSFR1M

plus

1.31%),

2/15/39(a)(c)

..........

191,944

173,000

BX

Trust,

Series

2021-RISE,

Class

C,

5.768%,

(LIBOR

USD

1-Month

plus

1.45%),

11/15/36(a)(c)

............

163,564

Sterling

Capital

Ultra

Short

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

(continued)

$

300,000

Citigroup

Commercial

Mortgage

Trust,

Series

2013-GC15,

Class

A4,

4.371%,

9/10/46(b)

.....................

$

296,908

25,000

Citigroup

Commercial

Mortgage

Trust,

Series

2013-GC17,

Class

A4,

4.131%,

11/10/46

.......................

24,639

195,000

COMM

2013-CCRE12

Mortgage

Trust,

Series

2013-CR12,

Class

A4,

4.046%,

10/10/46

.......................

191,351

350,000

COMM

2013-CCRE13

Mortgage

Trust,

Series

2013-CR13,

Class

A4,

4.194%,

11/10/46(b)

....................

343,861

179,463

COMM

2013-CCRE6

Mortgage

Trust,

Series

2013-CR6,

Class

A4,

3.101%,

3/10/46

.......................

178,886

290,807

COMM

2013-CCRE8

Mortgage

Trust,

Series

2013-CR8,

Class

A5,

3.612%,

6/10/46(b)

.....................

288,961

155,000

ELP

Commercial

Mortgage

Trust,

Series

2021-ELP,

Class

C,

5.638%,

(LIBOR

USD

1-Month

plus

1.32%),

11/15/38(a)

(c) ...........................

147,226

100,000

GS

Mortgage

Securities

Trust,

Series

2013-

GC16,

Class

A4,

4.271%,

11/10/46

....

98,779

367,000

GS

Mortgage

Securities

Trust

2013-GCJ12,

Series

2013-GC12,

Class

A4,

3.135%,

6/10/46

.......................

363,860

364,000

GS

Mortgage

Securities

Trust

2013-GCJ14,

Series

2013-GC14,

Class

A5,

4.243%,

8/10/46

.......................

360,393

300,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2014-C20,

Class

A5,

3.805%,

7/15/47

..............

291,361

168,000

Med

Trust,

Series

2021-MDLN,

Class

C,

6.118%,

(LIBOR

USD

1-Month

plus

1.80%),

11/15/38(a)(c)

............

159,609

128,850

OPG

Trust,

Series

2021-PORT,

Class

C,

5.150%,

(LIBOR

USD

1-Month

plus

0.83%),

10/15/36(a)(c)

............

120,448

145,653

SMR

Mortgage

Trust,

Series

2022-IND,

Class

A,

5.986%,

(TSFR1M

plus

1.65%),

2/15/39(a)(c)

...................

137,618

25,000

WFRBS

Commercial

Mortgage

Trust,

Series

2013-C13,

Class

A4,

3.001%,

5/15/45

.......................

24,826

Total

Commercial

Mortgage-Backed

Securities

(Cost

$4,400,289)

................

4,149,527

CORPORATE

BONDS

—

51.7%

Aerospace

&

Defense

—

1.3%

270,000

Boeing

Co.

(The),

4.508%,

5/1/23

......

269,498

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Aerospace

&

Defense

—

(continued)

$

100,000

Bombardier,

Inc.,

7.500%,

12/1/24(a)

....

$

100,087

369,585

Automobiles

—

1.4%

250,000

General

Motors

Financial

Co.,

Inc.,

4.416%,

(SOFR

plus

0.62%),

10/15/24(c)

.....................

242,991

155,000

Hyundai

Capital

America,

2.375%,

2/10/23(a)

.....................

154,651

397,642

Banks

—

11.9%

350,000

Bank

of

America

Corp.,

MTN,

4.684%,

(SOFR

plus

0.73%),

10/24/24(c)

.....

346,753

250,000

BPCE

SA,

4.000%,

9/12/23(a)

........

246,775

325,000

Citigroup,

Inc.,

0.776%,

(SOFR

plus

0.69%),

10/30/24(d)

..............

311,472

250,000

Cooperatieve

Rabobank

UA,

3.875%,

9/26/23(a)

.....................

247,421

250,000

Discover

Bank,

BKNT,

3.350%,

2/6/23

..

249,538

200,000

Federation

des

Caisses

Desjardins

du

Quebec,

4.618%,

(SOFR

plus

0.43%),

5/21/24(a)(c)

...................

197,699

275,000

Goldman

Sachs

Group,

Inc.

(The),

5.442%,

(LIBOR

USD

3-Month

plus

0.75%),

2/23/23(c)

.....................

275,138

100,000

KeyBank

N.A.,

BKNT,

4.626%,

(SOFRINDX

plus

0.32%),

6/14/24(c)

..

99,331

150,000

Macquarie

Group,

Ltd.,

4.498%,

(SOFR

plus

0.71%),

10/14/25(a)(c)

.........

146,461

250,000

Mizuho

Financial

Group,

Inc.,

0.849%,

(SOFR

plus

0.87%),

9/8/24(d)

.......

241,316

325,000

Morgan

Stanley,

MTN,

0.529%,

(SOFR

plus

0.46%),

1/25/24(d)

............

322,826

250,000

Nationwide

Building

Society,

2.000%,

1/27/23(a)

.....................

249,498

300,000

Santander

UK

PLC,

2.100%,

1/13/23

....

299,770

252,000

Sumitomo

Mitsui

Trust

Bank,

Ltd.,

0.800%,

9/12/23(a)

...............

244,432

3,478,430

Chemicals

—

0.7%

200,000

Air

Liquide

Finance

SA,

2.250%,

9/27/23(a)

.....................

195,630

Commercial

Services

&

Supplies

—

0.7%

209,000

Republic

Services,

Inc.,

4.750%,

5/15/23

.

208,624

Construction

Materials

—

1.3%

183,000

Koppers,

Inc.,

6.000%,

2/15/25(a)

......

173,850

210,000

Martin

Marietta

Materials,

Inc.,

0.650%,

7/15/23

.......................

204,580

378,430

Diversified

Financial

Services

—

3.0%

150,000

Air

Lease

Corp.,

2.250%,

1/15/23(e)

....

149,857

Sterling

Capital

Ultra

Short

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Diversified

Financial

Services

—

(continued)

$

350,000

Ares

Capital

Corp.,

3.500%,

2/10/23

....

$

349,242

210,000

Capital

One

Financial

Corp.,

5.135%,

(LIBOR

USD

3-Month

plus

0.72%),

1/30/23(c)

.....................

210,000

175,000

OneMain

Finance

Corp.,

6.125%,

3/15/24

169,319

878,418

Electric

Utilities

—

7.1%

115,000

American

Electric

Power

Co.,

Inc.,

2.031%,

3/15/24(e)

.....................

110,917

260,000

Consumers

Energy

Co.,

0.350%,

6/1/23

..

255,185

125,000

Dominion

Energy,

Inc.,

2.450%,

1/15/23(a)

124,870

300,000

Entergy

Louisiana,

LLC,

0.950%,

10/1/24

279,385

120,000

Florida

Power

&

Light

Co.,

4.370%,

(SOFRINDX

plus

0.25%),

5/10/23(c)

..

119,799

319,000

Indiana

Michigan

Power

Co.,

Series

J,

3.200%,

3/15/23

.................

317,903

250,000

Korea

East-West

Power

Co.,

Ltd.,

3.875%,

7/19/23(a)

.....................

248,409

200,000

Public

Service

Electric

&

Gas

Co.,

MTN,

3.250%,

9/1/23

..................

197,668

300,000

Vistra

Operations

Co.,

LLC,

4.875%,

5/13/24(a)

.....................

293,955

137,000

WESCO

Distribution,

Inc.,

7.125%,

6/15/25(a)

.....................

138,713

2,086,804

Electrical

Equipment

—

0.4%

130,000

Carlisle

Cos.,

Inc.,

0.550%,

9/1/23

......

125,785

Energy

Equipment

&

Services

—

4.9%

300,000

DCP

Midstream

Operating

L.P.,

3.875%,

3/15/23

.......................

298,296

300,000

Enbridge,

Inc.,

2.150%,

2/16/24

.......

289,573

210,000

Energy

Transfer

L.P.,

4.250%,

3/15/23

...

209,487

95,000

Genesis

Energy

L.P./Genesis

Energy

Finance

Corp.,

5.625%,

6/15/24

......

91,674

300,000

Kinder

Morgan,

Inc.,

3.150%,

1/15/23

...

299,740

250,000

Plains

All

American

Pipeline

L.P./PAA

Finance

Corp.,

3.850%,

10/15/23

.....

246,473

1,435,243

Entertainment

—

0.9%

280,000

Warnermedia

Holdings,

Inc.,

3.528%,

3/15/24(a)(e)

...................

271,420

Equity

Real

Estate

Investment

Trusts

(REITS)

—

2.7%

205,000

Public

Storage,

4.363%,

(SOFR

plus

0.47%),

4/23/24(c)

...............

203,551

225,000

SBA

Tower

Trust,

STEP,

Series

2014-2A,

Class

C,

3.869%,

10/15/49(a)

........

215,068

210,000

Simon

Property

Group

L.P.,

4.155%,

(SOFRINDX

plus

0.43%),

1/11/24(c)

..

208,047

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Equity

Real

Estate

Investment

Trusts

(REITS)

—

(continued)

$

179,000

Starwood

Property

Trust,

Inc.,

5.500%,

11/1/23(a)

.....................

$

177,442

804,108

Gas

Utilities

—

1.2%

350,000

Connecticut

Light

&

Power

Co.

(The),

2.500%,

1/15/23

.................

349,787

Health

Care

Equipment

&

Services

—

0.7%

210,000

Humana,

Inc.,

0.650%,

8/3/23

.........

204,578

Insurance

—

4.3%

100,000

Brighthouse

Financial

Global

Funding,

0.600%,

6/28/23(a)

...............

97,528

75,000

Brighthouse

Financial

Global

Funding,

4.499%,

(SOFR

plus

0.76%),

4/12/24(a)

(c) ...........................

74,271

260,000

Five

Corners

Funding

Trust,

4.419%,

11/15/23(a)

.....................

257,747

272,000

John

Hancock

Life

Insurance

Co.,

7.375%,

2/15/24(a)

.....................

277,240

300,000

Nationwide

Mutual

Insurance

Co.,

7.059%,

(LIBOR

USD

3-Month

plus

2.29%),

12/15/24(a)(b)

..................

299,210

250,000

Reliance

Standard

Life

Global

Funding

II,

3.850%,

9/19/23(a)

...............

246,736

1,252,732

Metals

&

Mining

—

0.6%

175,000

Freeport-McMoRan,

Inc.,

3.875%,

3/15/23

174,522

Oil,

Gas

&

Consumable

Fuels

—

2.9%

250,000

CenterPoint

Energy

Resources

Corp.,

0.700%,

3/2/23

..................

248,197

350,000

HF

Sinclair

Corp.,

2.625%,

10/1/23

.....

342,701

250,000

Southern

California

Gas

Co.,

5.103%,

(LIBOR

USD

3-Month

plus

0.35%),

9/14/23(c)

.....................

249,288

840,186

Semiconductors

&

Semiconductor

Equipment

—

0.8%

250,000

Microchip

Technology,

Inc.,

4.333%,

6/1/23

........................

248,929

Software

—

0.9%

61,000

Dell

International,

LLC/EMC

Corp.,

5.450%,

6/15/23

.................

61,038

215,000

VMware,

Inc.,

0.600%,

8/15/23

........

209,376

270,414

Specialty

Retail

—

1.2%

210,000

7-Eleven,

Inc.,

0.625%,

2/10/23(a)

......

208,924

161,000

Nordstrom,

Inc.,

2.300%,

4/8/24

.......

150,567

359,491

Sterling

Capital

Ultra

Short

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Telecommunication

Services

—

2.8%

$

250,000

AT&T,

Inc.,

4.963%,

(SOFRINDX

plus

0.64%),

3/25/24(c)

...............

$

248,805

281,251

Sprint

Spectrum

Co.,

LLC/Sprint

Spectrum

Co.

II,

LLC/Sprint

Spectrum

Co.

III,

LLC,

4.738%,

3/20/25(a)

...........

278,045

300,000

Verizon

Communications,

Inc.,

5.706%,

(LIBOR

USD

3-Month

plus

1.10%),

5/15/25(c)

.....................

302,379

829,229

Total

Corporate

Bonds

(Cost

$15,369,703)

...............

15,159,987

U.S.

TREASURY

NOTES

—

9.3%

1,000,000

1.375%,

2/15/23

.................

996,577

1,750,000

1.750%,

5/15/23

.................

1,731,680

Total

U.S.

Treasury

Notes

(Cost

$2,731,107)

................

2,728,257

COMMERCIAL

PAPER

—

1.0%

Insurance

—

1.0%

300,000

Constellation,

Inc.,

5.074%,

1/18/23

....

299,217

Total

Commercial

Paper

(Cost

$299,285)

.................

299,217

Shares

MONEY

MARKET

FUND

—

2.8%

812,173

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(f)

........

812,173

Total

Money

Market

Fund

(Cost

$812,173)

.................

812,173

Total

Investments

—

99.3%

(Cost

$29,691,715)

............................

29,132,112

Net

Other

Assets

(Liabilities)

—

0.7%

...............

214,316

NET

ASSETS

—

100.0%

.......................

$

29,346,428

(a) Rule

144A,

Section

4(2)

or

other

security

that

is

restricted

as

to

resale

to

qualified

institutional

investors.

The

Advisor,

using

Board

approved

procedures,

has

deemed

these

securities

or

a

portion

of

these

securities

to

be

liquid.

(b) The

interest

rate

for

this

variable

rate

note,

which

will

change

periodically,

is

based

either

on

the

prime

rate

or

an

index

of

market

rates.

The

reflected

rate

is

in

effect

as

of

December

31,

2022. The

maturity

date

reflected

is

the

final

maturity

date.

(c) The

interest

rate

for

this

floating

rate

note,

which

will

change

periodically,

is

based

either

on

the

prime

rate

or

an

index

of

market

rates.

The

reflected

rate

is

in

effect

as

of

December

31,

2022. The

maturity

date

reflected

is

the

final

maturity

date.

(d) Security

is

a

fix-to-float

security,

which

carries

a

fixed

coupon

until

a

certain

date,

upon

which

it

switches

to

a

floating

rate.

Rate

shown

is

the

fixed

rate.

(e) All

or

a

portion

of

the

securities

are

held

in

a

separate

collateral

account

at

US

Bank.

(f) Represents

the

current

yield

as

of

report

date.

BKNT

Bank

Note

MTN

Medium

Term

Note

STEP

Step

Coupon

Bond

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Ultra

Short

Bond

Fund

December

31,

2022

(Unaudited)

1. Organization:

Sterling

Capital

Funds

(the

"Trust")

commenced

operations

on

October

5,

1992

and

is

registered

under

the

Investment

Company

Act

of

1940,

as

amended

("the

1940

Act"),

as

an

open-end

investment

company

established

as

a

Massachusetts

business

trust.

The

Trust

offers

shares

of

Sterling

Capital

Ultra

Short

Bond

Fund

(referred

to

as

a

"Fund").

The

Fund

is

a

"diversified"

fund

as

defined

in

the

1940

Act.

2. Significant

Accounting

Policies:

The

Fund

is

an

investment

company

and

accordingly

follows

the

investment

company

accounting

and

reporting

guidance

of

the

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standard

Codification

Topic

946

Financial

Services-

Investment

Companies.

The

following

is

a

summary

of

significant

accounting

policies

followed

by

the

Fund.

The

policies

are

in

conformity

with

United

States

generally

accepted

accounting

principles

("U.S.

GAAP").

The

preparation

of

this

schedule

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of

contingent

assets

and

liabilities

at

the

date

of

the

schedule

and

the

reported

amount

of

income

and

expense

for

the

reporting

period.

Actual

result

could

differ

from

those

estimates.

Securities

Valuation

—

Investments

of

the

Fund

in

securities

traded

on

a

national

securities

exchange

or

in

the

over-the-

counter

market

are

valued

at

the

closing

price

on

the

principal

exchange

or

market

(including

the

NASDAQ

Closing

Price

for

securities

traded

on

NASDAQ),

typically

4:00

PM

ET

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

Fund

may

also

use

an

independent

pricing

service

approved

by

the

Board

of

Trustees

(the

"Board")

to

value

certain

securities,

including

the

use

of

electronic

and

matrix

techniques.

Investments

in

open-end

investment

companies

are

valued

at

their

respective

net

asset

values

as

reported

by

such

companies.

Investments

in

closed-end

investment

companies

and

exchange-traded

funds

are

valued

at

their

market

values

based

upon

the

latest

available

sale

price

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

differences

between

cost

and

fair

value

of

investments

are

reflected

as

either

unrealized

appreciation

or

depreciation.

Securities

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable

(e.g.,

an

approved

pricing

service

does

not

provide

a

price,

a

furnished

price

is

in

error,

certain

stale

prices,

or

an

event

occurs

that

materially

affects

the

furnished

price)

will

be

fair

valued

in

accordance

with

procedures

established

in

good

faith

under

the

general

supervision

of

the

Board.

Fair

Value

Measurements

—

The

objective

of

a

fair

value

measurement

is

to

determine

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(an

exit

price).

Accordingly,

the

fair

value

hierarchy

gives

the

highest

priority

to

quoted

prices

(unadjusted)

in

active

markets

for

identical

assets

or

liabilities

(Level

1)

and

the

lowest

priority

to

unobservable

inputs

(Level

3).

The

three

levels

of

the

fair

value

hierarchy

are

described

as

follows:

Level

–

quoted

prices

in

active

markets

for

identical

securities

Level

–

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.)

Level

–

based

on

significant

unobservable

inputs

(including

a

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

During

the

period

ended

December

31,

2022

,

there

were

no

significant

changes

to

the

valuation

policies

and

procedures.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Ultra

Short

Bond

Fund

—

(continued)

December

31,

2022

(Unaudited)

The

summary

of

inputs

used

to

determine

the

fair

value

of

the

Fund's

investments

as

of

December

31,

2022

is

as

follows:

Cash

and

Cash

Equivalents

—

The

Fund

considers

liquid

assets

deposited

with

a

bank,

and

certain

short

term

debt

instruments

with

original

maturities

of

three

months

or

less

to

be

cash

equivalents.

These

investments

represent

amounts

held

with

financial

institutions

that

are

readily

accessible

to

pay

Fund

expenses

or

investments.

The

Fund

may

invest

its

excess

cash

in

the

Federated

Treasury

Obligations

Fund

or

a

similar

money

market

fund

or

other

short-term

investment.

Credit

Enhancements

—

Certain

obligations

held

in

the

Fund

have

credit

enhancement

or

liquidity

features

that

may,

under

certain

circumstances,

provide

for

repayment

of

principal

and

interest

on

the

obligation

upon

demand

date,

interest

rate

reset

date

or

final

maturity.

These

enhancements

may

include:

letters

of

credit;

liquidity

guarantees;

security

purchase

agreements;

tender

option

purchase

agreements;

and

third

party

insurance

(i.e.,

AMBAC).

Foreign

Currency

Translation

—

The

accounting

records

of

the

Fund

are

maintained

in

U.S.

dollars.

Foreign

currency

amounts

are

translated

into

U.S.

dollars

at

the

latest

foreign

exchange

bid

quotation

(from

an

approved

pricing

vendor)

to

determine

the

fair

value

of

investments,

assets

and

liabilities.

Purchases

and

sales

of

securities,

income

and

expenses

are

translated

at

the

prevailing

rate

of

exchange,

on

the

respective

dates

of

such

transactions.

Such

fluctuations

are

included

with

the

net

realized

and

unrealized

gain

or

loss

from

investments

and

foreign

currencies.

Forward

Foreign

Currency

Exchange

Contracts

—

The

Fund

may

enter

into

forward

foreign

currency

exchange

contracts

(foreign

currency

exchange

risk)

in

connection

with

planned

purchases

or

sales

of

securities

or

to

hedge

the

U.S.

dollar

value

of

Funds

securities

denominated

in

a

particular

currency.

A

foreign

currency

exchange

contract

is

an

agreement

between

two

parties

to

buy

and

sell

a

currency

at

a

set

exchange

rate

on

a

future

date.

The

Fund

can

be

exposed

to

risks

if

the

counterparties

to

the

contracts

are

unable

to

meet

the

terms

of

their

contracts

and

from

unanticipated

movements

in

the

value

of

a

foreign

currency

relative

to

the

U.S.

dollar.

In

the

event

of

default

by

the

counterparty

to

the

transaction,

the

Fund's

maximum

amount

of

loss,

as

either

the

buyer

or

seller,

is

the

unrealized

gain

of

the

contract.

The

forward

foreign

currency

exchange

contracts

are

adjusted

by

the

daily

exchange

rate

of

the

underlying

currency

and

any

gains

or

losses

are

recorded

for

purposes

of

this

schedule

as

unrealized

gains

or

losses

until

the

contract

settlement

date.

When

the

contract

is

closed,

the

Fund

records

a

realized

gain

(loss)

equal

to

the

difference

between

the

value

at

the

time

it

was

opened

and

the

value

at

the

time

it

was

closed.

Mortgage

Dollar

Rolls

—

The

Fund

may

sell

mortgage-backed

securities

for

delivery

in

the

current

month

and

simultaneously

contract

to

repurchase

substantially

similar

(same

type,

coupon

and

maturity)

securities

on

a

specific

future

date

at

an

agreed-upon

price.

The

market

value

of

the

securities

that

a

Fund

is

required

to

purchase

may

decline

below

the

agreed

upon

repurchase

price

of

those

securities.

Pools

of

mortgages

collateralizing

those

securities

may

have

different

prepayment

histories

than

those

sold.

During

the

period

between

the

sale

and

repurchase,

a

Fund

will

not

be

entitled

to

receive

interest

and

principal

payments

on

the

securities

sold.

Proceeds

of

the

sale

will

be

invested

in

additional

instruments

for

a

Fund,

and

the

income

from

these

investments

will

generate

income

for

a

Fund.

If

such

income

does

not

exceed

the

income,

capital

appreciation

and

gain

or

loss

that

would

have

been

realized

on

the

securities

sold

as

part

of

the

dollar

roll,

the

use

of

this

technique

will

diminish

the

investment

performance

of

a

Fund

compared

with

what

the

performance

would

have

been

without

the

use

of

dollar

rolls.

The

Fund

accounts

for

mortgage

dollar

roll

transactions

as

purchases

and

sales.

The

Fund

did

not

hold

any

mortgage

dollar

rolls

during

the

period.

Risks

Associated

with

Foreign

Securities

and

Currencies

—

Investments

in

securities

of

foreign

issuers

carry

certain

risks

not

ordinarily

associated

with

investments

in

securities

of

domestic

issuers.

Such

risks

include

future

political

and

economic

developments

and

the

possible

imposition

of

exchange

controls

or

other

foreign

governmental

laws

and

restrictions.

In

Level

1-

Quoted

Prices

Level

2-

Other

Significant

Observable

Inputs

Level

3-

Significant

Unobservable

Inputs

Total

Assets:

Investments

in

Securities

Sterling

Capital

Ultra

Short

Bond

Fund

................

$

812,173(a)

$

28,319,939(b)

$

—

$

29,132,112

(a) Represents

money

market

funds

and/or

certain

preferred

stocks.

(b) Industries,

countries

or

security

types

are

disclosed

in

the

Schedule

of

Portfolio

Investments.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Ultra

Short

Bond

Fund

—

(continued)

December

31,

2022

(Unaudited)

addition,

with

respect

to

certain

countries,

there

is

the

possibility

of

expropriation

of

assets,

confiscatory

taxation,

political

or

social

instability

or

diplomatic

developments

which

could

adversely

affect

investments

in

those

countries.

Certain

foreign

investments

may

also

be

subject

to

foreign

withholding

taxes.

When-Issued

—

The

Fund

may

purchase

securities

on

a

"when-issued"

basis.

The

Fund

records

when-issued

securities

on

the

trade

date

and

pledge

assets

with

a

value

at

least

equal

to

the

purchase

commitment

for

payment

of

the

securities

purchased.

The

value

of

the

securities

underlying

when-issued

or

forward

commitments

to

purchase

securities,

and

any

subsequent

fluctuation

in

their

value,

is

taken

into

account

when

determining

the

net

asset

value

of

the

Fund

commencing

with

the

date

the

Fund

agrees

to

purchase

the

securities.

The

Fund

does

not

accrue

interest

or

dividends

on

"when-issued"

securities

until

the

underlying

securities

are

received.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Sterling Capital Funds

- **b. Investment Company Act file number:** 811-06719

- **c. CIK number of Registrant:** 0000889284

- **d. LEI of Registrant:** 54930017VPAACVI5ZX74

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

  - **Street Address 1:** 3605 Glenwood Avenue

  - **City:** Raleigh

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27612

  - **Telephone number:** 800-228-1872

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

- **a. Name of Series:** Sterling Capital Ultra Short Bond Fund

- **b. EDGAR series identifier (if any):** S000039047

- **c. LEI of Series:** 5493003CGWDU62832881

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $29294896.24

**Total Liabilities:** $90083.50

**Net Assets:** $29204812.74

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 364.12354000 | **1-Year:** 1330.08821000 | **5-Year:** 477.36570000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 3.81367000 | **1-Year:** 94.47003000 | **5-Year:** 11.49482000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119975 | 0.11%                | 0.45%                | 0.47%                |
| Class ID C000119973 | 0.08%                | 0.43%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5346.12                | $-26931.87                                 |
| Month 2  | $-1431.80                | $70566.18                                  |
| Month 3  | $-4971.26                | $75389.72                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund                                      | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |    812173 | NS      | $812172.83    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DCP MIDSTREAM OPERATING                    | DCP Midstream Operating LP                                                      | CUSIP: 23311VAD9<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298296.00    | 1.02%             | 2023-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                        | Consumers Energy Co                                                             | CUSIP: 210518DM5<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    260000 | PA      | $255184.74    | 0.87%             | 2023-06-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-ACNT                                          | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172000 | PA      | $163359.92    | 0.56%             | 2038-11-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                    | American Electric Power Co Inc                                                  | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110917.34    | 0.38%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Financing 2020-1 LLC                                           | CUSIP: 29373KAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $116952.29    | 0.40%             | 2025-12-22      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                    | Connecticut Light and Power Co/The                                              | CUSIP: 207597EF8<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349786.87    | 1.20%             | 2023-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWU4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275137.80    | 0.94%             | 2023-02-23      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Financing 2021-2 LLC                                           | CUSIP: 29374YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241122 | PA      | $229807.61    | 0.79%             | 2027-05-20      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                          | Kinder Morgan Inc                                                               | CUSIP: 49456BAM3<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299740.34    | 1.03%             | 2023-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| INDIANA MICHIGAN POWER                     | Indiana Michigan Power Co                                                       | CUSIP: 454889AP1<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |    319000 | PA      | $317902.97    | 1.09%             | 2023-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                             | Air Lease Corp                                                                  | CUSIP: 00914AAD4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149857.34    | 0.51%             | 2023-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                      | Republic Services Inc                                                           | CUSIP: 760759AM2<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    209000 | PA      | $208623.91    | 0.71%             | 2023-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust             | Carvana Auto Receivables Trust 2021-P2                                          | CUSIP: 14687TAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88807 | PA      | $85542.81     | 0.29%             | 2026-03-10      | Fixed         | 0.49%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-XL2                                           | CUSIP: 05609KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134374 | PA      | $127464.94    | 0.44%             | 2038-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II                     | Reliance Standard Life Global Funding II                                        | CUSIP: 75951AAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $246736.17    | 0.84%             | 2023-09-19      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                     | CenterPoint Energy Resources Corp                                               | CUSIP: 15189WAM2<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248196.72    | 0.85%             | 2023-03-02      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F             | Ford Credit Auto Owner Trust 2018-REV2                                          | CUSIP: 34528HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $394560.84    | 1.35%             | 2030-01-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    325000 | PA      | $322825.55    | 1.11%             | 2024-01-25      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                    | Public Service Electric and Gas Co                                              | CUSIP: 74456QBW5<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197668.51    | 0.68%             | 2023-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                          | Ares Capital Corp                                                               | CUSIP: 04010LAU7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349241.62    | 1.20%             | 2023-02-10      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M3D4<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99330.82     | 0.34%             | 2024-06-14      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967MT5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    325000 | PA      | $311471.56    | 1.07%             | 2024-10-30      | Fixed         | 0.78%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                              | Nordstrom Inc                                                                   | CUSIP: 655664AX8<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    161000 | PA      | $150567.20    | 0.52%             | 2024-04-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2020-A                                         | CUSIP: 68269LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135027 | PA      | $134042.16    | 0.46%             | 2032-05-14      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                             | Bombardier Inc                                                                  | CUSIP: 097751BR1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100087.36    | 0.34%             | 2024-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                | Ally Auto Receivables Trust 2022-3                                              | CUSIP: 02008DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100132.55    | 0.34%             | 2025-06-16      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                      | Southern California Gas Co                                                      | CUSIP: 842434CV2<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249288.03    | 0.85%             | 2023-09-14      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2013-GCJ12                                         | CUSIP: 36197XAK0<br>LEI: 549300SSCQUZ3RRV2T53 | Long             | ABS-MBS          | CORP              | US        |    367000 | PA      | $363859.58    | 1.25%             | 2046-06-10      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912828Z86<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996577.61    | 3.41%             | 2023-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2013-GCJ14                                         | CUSIP: 36198FAE2<br>LEI: 549300ITVQSU1IHX4H03 | Long             | ABS-MBS          | CORP              | US        |    364000 | PA      | $360393.34    | 1.23%             | 2046-08-10      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2013-CCRE12 Mortgage Trust                                                 | CUSIP: 12591KAE5<br>LEI: 549300MGZ5FI5VFL1177 | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $191350.89    | 0.66%             | 2046-10-10      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                    | Simon Property Group LP                                                         | CUSIP: 828807DR5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    210000 | PA      | $208046.85    | 0.71%             | 2024-01-11      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                 | Humana Inc                                                                      | CUSIP: 444859BP6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    210000 | PA      | $204577.70    | 0.70%             | 2023-08-03      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| MED Trust                                  | Med Trust 2021-MDLN                                                             | CUSIP: 58403YAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168000 | PA      | $159608.90    | 0.55%             | 2038-11-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                | Hertz Vehicle Financing LLC                                                     | CUSIP: 42806MAA7<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $207954.11    | 0.71%             | 2025-12-26      | Fixed         | 1.21%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust               | World Omni Select Auto Trust 2021-A                                             | CUSIP: 98163HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22653 | PA      | $22607.54     | 0.08%             | 2025-02-18      | Fixed         | 0.29%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2013-CCRE6 Mortgage Trust                                                  | CUSIP: 12624XAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179463 | PA      | $178886.34    | 0.61%             | 2046-03-10      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                      | Entergy Louisiana LLC                                                           | CUSIP: 29364WBK3<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    300000 | PA      | $279384.61    | 0.96%             | 2024-10-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| OPG Trust                                  | OPG Trust 2021-PORT                                                             | CUSIP: 67118AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128850 | PA      | $120448.24    | 0.41%             | 2036-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner              | Nissan Auto Receivables 2019-C Owner Trust                                      | CUSIP: 65479JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5907 | PA      | $5886.28      | 0.02%             | 2024-07-15      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                              | CUSIP: 29278NAL7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209486.56    | 0.72%             | 2023-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                  | Boeing Co/The                                                                   | CUSIP: 097023CS2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    270000 | PA      | $269497.61    | 0.92%             | 2023-05-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-21M                                           | CUSIP: 05609CAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123672 | PA      | $115956.56    | 0.40%             | 2036-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                   | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDE1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $247420.77    | 0.85%             | 2023-09-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RMH2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248805.08    | 0.85%             | 2024-03-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Citicorp Residential Mortgage              | Citicorp Residential Mortgage Trust Series 2007-2                               | CUSIP: 17312HAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       655 | PA      | $648.73       | 0.00%             | 2037-06-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                  | Chesapeake Funding II LLC                                                       | CUSIP: 165183CD4<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |     15659 | PA      | $15649.58     | 0.05%             | 2031-09-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-CIP                                           | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202000 | PA      | $193895.01    | 0.66%             | 2038-12-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2013-GC16                                          | CUSIP: 36248GAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $98778.80     | 0.34%             | 2046-11-10      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl             | Santander Drive Auto Receivables Trust 2021-3                                   | CUSIP: 80287EAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296635 | PA      | $294409.09    | 1.01%             | 2025-12-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                       | Freeport-McMoRan Inc                                                            | CUSIP: 35671DAZ8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174522.25    | 0.60%             | 2023-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl             | Santander Drive Auto Receivables Trust 2021-1                                   | CUSIP: 80286NAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122122 | PA      | $120010.33    | 0.41%             | 2026-02-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INC 0 CP 18/01/2023          | CONSTELLATION INC 0 CP 18/01/2023                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $299217.36    | 1.02%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp                                                                | CUSIP: 403949AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $342701.15    | 1.17%             | 2023-10-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                     | Mizuho Financial Group Inc                                                      | CUSIP: 60687YBJ7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $241316.43    | 0.83%             | 2024-09-08      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                   | Sumitomo Mitsui Trust Bank Ltd                                                  | CUSIP: 86563VAQ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    252000 | PA      | $244432.29    | 0.84%             | 2023-09-12      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU             | WFRBS Commercial Mortgage Trust 2013-C13                                        | CUSIP: 92937UAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $24825.59     | 0.09%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                     | Federation des Caisses Desjardins du Quebec                                     | CUSIP: 31429KAF0<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $197699.42    | 0.68%             | 2024-05-21      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                    | Nationwide Building Society                                                     | CUSIP: 63859UBE2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $249498.37    | 0.85%             | 2023-01-27      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2018-2                                         | CUSIP: 68269CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    324000 | PA      | $317630.74    | 1.09%             | 2033-03-14      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GJJ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $346753.33    | 1.19%             | 2024-10-24      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB             | GreatAmerica Leasing Receivables Funding LLC Series 2021-1                      | CUSIP: 39154TBJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    311413 | PA      | $303092.26    | 1.04%             | 2024-08-15      | Fixed         | 0.34%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                    | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     61000 | PA      | $61038.08     | 0.21%             | 2023-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                   | Capital One Financial Corp                                                      | CUSIP: 14040HBV6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210000.00    | 0.72%             | 2023-01-30      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RCY8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $519798.62    | 1.78%             | 2024-09-20      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                    | BPCE SA                                                                         | CUSIP: 05583JAF9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $246775.00    | 0.84%             | 2023-09-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust 2021-RISE                                                              | CUSIP: 12434EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173000 | PA      | $163563.82    | 0.56%             | 2036-11-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK PLC                           | Santander UK PLC                                                                | CUSIP: 80283LAY9<br>LEI: PTCQB104N23FMNK2RZ28 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $299769.53    | 1.03%             | 2023-01-13      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912828VB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1750000 | PA      | $1731679.69   | 5.93%             | 2023-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                   | JP Morgan Mortgage Trust 2017-5                                                 | CUSIP: 46590YAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    159728 | PA      | $151867.31    | 0.52%             | 2048-10-26      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $246472.94    | 0.84%             | 2023-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| KOREA EAST-WEST POWER CO                   | Korea East-West Power Co Ltd                                                    | CUSIP: 5006EPAJ0<br>LEI: 549300VDRGYGX9NBTB52 | Long             | DBT              | CORP              | KR        |    250000 | PA      | $248409.03    | 0.85%             | 2023-07-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                        | Macquarie Group Ltd                                                             | CUSIP: 55608JBB3<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $146461.38    | 0.50%             | 2025-10-14      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137AYJZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5905 | PA      | $5881.81      | 0.02%             | 2040-07-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                      | ARI Fleet Lease Trust 2018-B                                                    | CUSIP: 04033BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122208 | PA      | $122158.26    | 0.42%             | 2027-08-16      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                   | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AJ6<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299210.18    | 1.02%             | 2024-12-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/GENESI                   | Genesis Energy LP / Genesis Energy Finance Corp                                 | CUSIP: 37185LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $91674.48     | 0.31%             | 2024-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2022-LP2                                           | CUSIP: 05610HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202389 | PA      | $191943.93    | 0.66%             | 2039-02-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX 2021-LBA3 Mortgage Trust                                                     | CUSIP: 05609PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    174000 | PA      | $164617.36    | 0.56%             | 2036-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2013-CCRE8 Mortgage Trust                                                  | CUSIP: 12625KAE5<br>LEI: 549300NGGFIEJ2ER3D22 | Long             | ABS-MBS          | CORP              | US        |    290807 | PA      | $288961.41    | 0.99%             | 2046-06-10      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                    | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $275737.28    | 0.94%             | 2025-12-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                             | Public Storage                                                                  | CUSIP: 74460WAB3<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203551.38    | 0.70%             | 2024-04-23      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| SMR 2022-IND Mortgage Trust                | SMR 2022-IND Mortgage Trust                                                     | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145653 | PA      | $137618.09    | 0.47%             | 2039-02-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                               | 7-Eleven Inc                                                                    | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    210000 | PA      | $208923.66    | 0.72%             | 2023-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                    | Starwood Property Trust Inc                                                     | CUSIP: 85571BAS4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    179000 | PA      | $177441.76    | 0.61%             | 2023-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                   | Microchip Technology Inc                                                        | CUSIP: 595017AP9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248929.22    | 0.85%             | 2023-06-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| JOHN HANCOCK LIFE INS C0                   | John Hancock Life Insurance Co                                                  | CUSIP: 41020VAA9<br>LEI: 5493007TRSDJMZ8TBY32 | Long             | DBT              | CORP              | US        |    272000 | PA      | $277239.50    | 0.95%             | 2024-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ELP 2021-ELP                               | ELP Commercial Mortgage Trust 2021-ELP                                          | CUSIP: 26863LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $147225.73    | 0.50%             | 2038-11-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                   | Florida Power & Light Co                                                        | CUSIP: 341081GD3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119799.06    | 0.41%             | 2023-05-10      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20                   | CUSIP: 46642CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $291360.69    | 1.00%             | 2047-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | Comm 2013-CCRE13 Mortgage Trust                                                 | CUSIP: 12630BBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $343860.58    | 1.18%             | 2046-11-10      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva             | AmeriCredit Automobile Receivables Trust 2021-3                                 | CUSIP: 03066JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54952 | PA      | $54589.43     | 0.19%             | 2025-02-18      | Fixed         | 0.41%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                     | WESCO Distribution Inc                                                          | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    137000 | PA      | $138713.09    | 0.47%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                   | Vistra Operations Co LLC                                                        | CUSIP: 92840VAK8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293955.00    | 1.01%             | 2024-05-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr             | World Omni Auto Receivables Trust 2021-B                                        | CUSIP: 98163LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $307149.18    | 1.05%             | 2026-06-15      | Fixed         | 0.42%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva             | Americredit Automobile Receivables Trust 2022-1                                 | CUSIP: 03066TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245406 | PA      | $242502.09    | 0.83%             | 2026-01-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                   | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    281251 | PA      | $278044.94    | 0.95%             | 2025-03-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                    | Brighthouse Financial Global Funding                                            | CUSIP: 10921U2D9<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97528.45     | 0.33%             | 2023-06-28      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva             | AmeriCredit Automobile Receivables Trust 2019-3                                 | CUSIP: 03066NAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $343722.89    | 1.18%             | 2025-07-18      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| DISCOVER BANK                              | Discover Bank                                                                   | CUSIP: 25466AAK7<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249537.63    | 0.85%             | 2023-02-06      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receiv             | Santander Consumer Auto Receivables Trust 2021-A                                | CUSIP: 80282YAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283060 | PA      | $278075.69    | 0.95%             | 2025-10-15      | Fixed         | 0.33%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                  | Chesapeake Funding II LLC                                                       | CUSIP: 165183CJ1<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    425016 | PA      | $419100.65    | 1.44%             | 2032-08-15      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| FIVE CORNERS FUNDING TRS                   | Five Corners Funding Trust                                                      | CUSIP: 33829TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $257746.74    | 0.88%             | 2023-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                      | ARI Fleet Lease Trust 2020-A                                                    | CUSIP: 00217TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    261226 | PA      | $260552.15    | 0.89%             | 2028-08-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Fifth Third Auto Trust                     | Fifth Third Auto Trust 2019-1                                                   | CUSIP: 31680YAE7<br>LEI: 549300EMGYBMVWMPNI56 | Long             | ABS-O            | CORP              | US        |    208447 | PA      | $208288.06    | 0.71%             | 2026-11-16      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Financing 2020-2 LLC                                           | CUSIP: 29375MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    203809 | PA      | $198576.47    | 0.68%             | 2026-07-20      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                           | Carlisle Cos Inc                                                                | CUSIP: 142339AK6<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    130000 | PA      | $125784.67    | 0.43%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| AIR LIQUIDE FINANCE                        | Air Liquide Finance SA                                                          | CUSIP: 00913RAC0<br>LEI: 549300YGXL5Z3R14K812 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $195630.02    | 0.67%             | 2023-09-27      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                         | CUSIP: 44891ABE6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154650.69    | 0.53%             | 2023-02-10      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                        | Dominion Energy Inc                                                             | CUSIP: 25746UDC0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124869.70    | 0.43%             | 2023-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                       | OneMain Finance Corp                                                            | CUSIP: 85172FAP4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $169319.06    | 0.58%             | 2024-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                            | SBA Tower Trust                                                                 | CUSIP: 78403DAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $215068.16    | 0.74%             | 2049-10-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                      | ARI Fleet Lease Trust 2021-A                                                    | CUSIP: 00217FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250476 | PA      | $246024.53    | 0.84%             | 2030-03-15      | Fixed         | 0.37%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust 2013-GC15                                   | CUSIP: 17321JAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $296907.39    | 1.02%             | 2046-09-10      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                     | General Motors Financial Co Inc                                                 | CUSIP: 37045XDN3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242991.65    | 0.83%             | 2024-10-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VEP5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302378.96    | 1.04%             | 2025-05-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| KOPPERS INC                                | Koppers Inc                                                                     | CUSIP: 500605AH3<br>LEI: LTO4ZL5EBDR1NE6FGJ36 | Long             | DBT              | CORP              | US        |    183000 | PA      | $173850.00    | 0.60%             | 2025-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust 2013-GC17                                   | CUSIP: 17321RAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $24639.23     | 0.08%             | 2046-11-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                   | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAB9<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    280000 | PA      | $271420.48    | 0.93%             | 2024-03-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                 | VMware Inc                                                                      | CUSIP: 928563AG0<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    215000 | PA      | $209376.15    | 0.72%             | 2023-08-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                    | Brighthouse Financial Global Funding                                            | CUSIP: 10921U2B3<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74270.97     | 0.25%             | 2024-04-12      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                   | Martin Marietta Materials Inc                                                   | CUSIP: 573284AY2<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    210000 | PA      | $204579.50    | 0.70%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                               | Enbridge Inc                                                                    | CUSIP: 29250NBK0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $289572.70    | 0.99%             | 2024-02-16      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Sterling Capital Funds

**Signature:** Todd Miller

**Name of Signer:** Todd Miller

**Title:** Treasurer and Secretary