# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046765
**Filing Date:** 2023-2
**Character Count:** 189223
**Document Hash:** 11f77240defa0e7c7a56c65b00dfc62c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046765.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046765

**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:** 23683019

**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 TOTAL RETURN BOND FUND (Series ID: S000003549)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009863 | INSTITUTIONAL CLASS | BIBTX           |
| C000009864 | A CLASS             | BICAX           |
| C000009866 | C CLASS             | BICCX           |
| C000199532 | Class R6            | STRDX           |

## Nport-Ex

Sterling

Capital

Total

Return

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

—

14.2%

$

31,731

Aegis

Asset

Backed

Securities

Trust,

Series

2005-5,

Class

1A4,

5.089%,

(LIBOR

USD

1-Month

plus

0.70%),

12/25/35(a)

$

31,670

8,200,000

AmeriCredit

Automobile

Receivables

Trust,

Series

2020-3,

Class

B,

0.760%,

12/18/25

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

7,910,380

406,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2017-2A,

Class

A,

2.970%,

3/20/24(b)

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

404,628

9,318,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2019-2A,

Class

A,

3.350%,

9/22/25(b)

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

9,004,783

2,030,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2019-3A,

Class

A,

2.360%,

3/20/26(b)

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

1,890,388

2,500,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2020-2A,

Class

A,

2.020%,

2/20/27(b)

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

2,267,714

6,250,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2021-1A,

Class

A,

1.380%,

8/20/27(b)

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

5,447,839

8,720,000

Carvana

Auto

Receivables

Trust,

Series

2021-P2,

Class

B,

1.270%,

3/10/27

....

7,537,213

4,527,142

Chesapeake

Funding

II,

LLC,

Series

2020-

1A,

Class

A1,

0.870%,

8/15/32(b)

....

4,464,132

4,791,000

Citibank

Credit

Card

Issuance

Trust,

Series

2007-A3,

Class

A3,

6.150%,

6/15/39

..

5,272,205

2,892

Citicorp

Residential

Mortgage

Trust,

STEP,

Series

2007-2,

Class

A6,

4.730%,

6/25/37

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

2,863

6,041,000

Enterprise

Fleet

Financing,

LLC,

Series

2020-1,

Class

A3,

1.860%,

12/22/25(b)

.

5,887,573

7,000,000

Enterprise

Fleet

Financing,

LLC,

Series

2022-1,

Class

A3,

3.270%,

1/20/28(b)

..

6,591,751

6,943,000

Enterprise

Fleet

Funding,

LLC,

Series

2021-1,

Class

A3,

0.700%,

12/21/26(b)

.

6,440,058

10,559,000

Ford

Credit

Auto

Owner

Trust

2021-

REV2,

Series

2021-2,

Class

A,

1.530%,

5/15/34(b)

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

9,165,585

3,750,000

GM

Financial

Revolving

Receivables

Trust,

Series

2021-1,

Class

A,

1.170%,

6/12/34(b)

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

3,263,012

15,735,000

Hertz

Vehicle

Financing

III

L.P.,

Series

2021-2A,

Class

A,

1.680%,

12/27/27(b)

13,712,538

7,000,000

Hertz

Vehicle

Financing,

LLC,

Series

2022-2A,

Class

A,

2.330%,

6/26/28(b)

.

6,144,641

436,539

New

Century

Home

Equity

Loan

Trust,

Series

2003-4,

Class

M1,

5.514%,

(LIBOR

USD

1-Month

plus

1.13%),

10/25/33(a)(c)

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

421,995

14,500,000

OneMain

Direct

Auto

Receivables

Trust

2021-1,

Series

2021-1A,

Class

A,

0.870%,

7/14/28(b)

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

13,411,057

3,950,000

OneMain

Financial

Issuance

Trust,

Series

2022-S1,

Class

A,

4.130%,

5/14/35(b)

.

3,727,640

Principal

Amount

Fair

Value

ASSET

BACKED

SECURITIES

—

(continued)

$

20,805,000

OneMain

Financial

Issuance

Trust

2021-1,

Series

2021-1A,

Class

A1,

1.550%,

6/16/36(b)

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

$

17,726,549

4,507,860

Santander

Drive

Auto

Receivables

Trust,

Series

2021-1,

Class

C,

0.750%,

2/17/26

4,429,911

8,858,000

Santander

Drive

Auto

Receivables

Trust,

Series

2021-4,

Class

B,

0.880%,

6/15/26

8,664,696

2,228,666

Saxon

Asset

Securities

Trust,

Series

2004-

3,

Class

M1,

5.289%,

(LIBOR

USD

1-Month

plus

0.90%),

12/26/34(a)

....

2,085,451

Total

Asset

Backed

Securities

(Cost

$159,957,329)

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

145,906,272

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

1.8%

17,755

Adjustable

Rate

Mortgage

Trust,

Series

2004-5,

Class

4A1,

2.883%,

4/25/35(d)

.

17,669

214,114

Banc

of

America

Funding

Trust,

Series

2006-2,

Class

3A1,

6.000%,

3/25/36

...

186,512

9,251

Citigroup

Mortgage

Loan

Trust,

Inc.,

Series

2004-NCM2,

Class

3CB2,

6.500%,

8/25/19(c)

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

9,147

49,324

Countrywide

Home

Loan

Mortgage

Pass-

Through

Trust,

Series

2004-3,

Class

A4,

5.750%,

4/25/34

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

47,106

136,719

Credit

Suisse

First

Boston

Mortgage-

Backed

Pass-Through

Certificates,

Series

2004-1,

Class

2A1,

6.500%,

2/25/34

...

134,191

763,124

Fannie

Mae,

Series

2011-38,

Class

D,

4.500%,

5/25/41(c)

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

746,515

2,158,826

Fannie

Mae,

Series

2013-16,

Class

A,

1.750%,

1/25/40

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

2,065,838

891,000

Fannie

Mae,

Series

2013-70,

Class

CY,

3.500%,

7/25/43

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

751,781

922,551

Fannie

Mae,

Series

2014-39,

Class

VP,

3.000%,

8/25/27

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

897,049

149,380

Fannie

Mae,

Series

2017-64,

Class

PD,

2.500%,

7/25/47

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

131,691

321,838

Freddie

Mac,

Series

3632,

Class

PK,

5.000%,

2/15/40

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

319,588

730,000

Freddie

Mac,

Series

3762,

Class

LN,

4.000%,

11/15/40

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

692,559

181,208

Freddie

Mac,

Series

3768,

Class

V,

4.000%,

11/15/23

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

180,451

493,531

Freddie

Mac,

Series

4077,

Class

PJ,

3.500%,

11/15/40

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

481,630

1,249,961

Freddie

Mac,

Series

4100,

Class

PA,

3.000%,

1/15/42

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

1,172,620

507,000

Freddie

Mac,

Series

4120,

Class

YK,

2.000%,

10/15/32

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

409,527

418,498

Freddie

Mac,

Series

4136,

Class

HZ,

3.500%,

11/15/27

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

391,441

324,000

Freddie

Mac,

Series

4160,

Class

HH,

2.500%,

12/15/32

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

290,961

743,632

Freddie

Mac,

Series

4287,

Class

V,

4.500%,

10/15/26

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

739,431

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

(continued)

$

373,939

Freddie

Mac,

Series

4328,

Class

KD,

3.000%,

8/15/43

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

$

352,739

1,655,973

Freddie

Mac,

Series

4427,

Class

KA,

2.250%,

7/15/44

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

1,507,690

1,204,410

Freddie

Mac,

Series

4654,

Class

KA,

3.000%,

6/15/45

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

1,133,669

1,912,498

Freddie

Mac,

Series

4655,

Class

GV,

3.500%,

12/15/36

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

1,894,435

312,218

Freddie

Mac,

Series

4710,

Class

GA,

3.000%,

3/15/44

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

304,287

153,448

Ginnie

Mae,

Series

2008-51,

Class

PG,

5.000%,

6/20/38

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

152,410

3,125,783

Ginnie

Mae,

Series

2014-2,

Class

AG,

2.272%,

3/20/40(d)

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

2,758,319

360,049

MASTR

Alternative

Loan

Trust,

Series

2003-5,

Class

8A1,

5.500%,

6/25/33

...

334,093

218,950

MASTR

Alternative

Loan

Trust,

Series

2004-13,

Class

3A1,

6.500%,

1/25/35

..

160,897

RAAC

Trust,

Series

2004-SP3,

Class

AI5,

4.890%,

12/25/32(d)

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

60,283

RAAC

Trust,

STEP,

Series

2004-SP1,

Class

AI3,

6.118%,

3/25/34

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

58,301

88,525

Residential

Asset

Securitization

Trust,

Series

2004-IP2,

Class

4A,

4.269%,

12/25/34(d)

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

79,338

Total

Collateralized

Mortgage

Obligations

(Cost

$19,978,912)

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

18,401,892

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

15.6%

6,730,000

BX

2021-LBA3

Mortgage

Trust,

Series

2021-PAC,

Class

C,

5.417%,

(LIBOR

USD

1-Month

plus

1.10%),

10/15/36(a)

(b) ...........................

6,324,909

4,926,016

BX

Commercial

Mortgage

Trust,

Series

2021-21M,

Class

C,

5.495%,

(LIBOR

USD

1-Month

plus

1.18%),

10/15/36(a)

(b) ...........................

4,618,703

6,834,000

BX

Commercial

Mortgage

Trust,

Series

2021-ACNT,

Class

C,

5.818%,

(LIBOR

USD

1-Month

plus

1.50%),

11/15/38(a)

(b) ...........................

6,490,708

2,972,000

BX

Commercial

Mortgage

Trust,

Series

2021-CIP,

Class

B,

5.589%,

(LIBOR

USD

1-Month

plus

1.27%),

12/15/38(a)

(b) ...........................

2,852,753

4,687,000

BX

Commercial

Mortgage

Trust,

Series

2021-CIP,

Class

C,

5.789%,

(LIBOR

USD

1-Month

plus

1.47%),

12/15/38(a)

(b) ...........................

4,451,933

Principal

Amount

Fair

Value

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

(continued)

$

5,247,061

BX

Commercial

Mortgage

Trust,

Series

2021-XL2,

Class

C,

5.515%,

(LIBOR

USD

1-Month

plus

1.20%),

10/15/38(a)

(b) ...........................

$

4,977,286

4,208,392

BX

Commercial

Mortgage

Trust,

Series

2022-LP2,

Class

B,

5.648%,

(TSFR1M

plus

1.31%),

2/15/39(a)(b)

..........

3,991,201

1,637,000

BX

Trust,

Series

2021-ARIA,

Class

A,

5.217%,

(LIBOR

USD

1-Month

plus

0.90%),

10/15/36(a)(b)

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

1,556,938

6,776,000

BX

Trust,

Series

2021-RISE,

Class

C,

5.768%,

(LIBOR

USD

1-Month

plus

1.45%),

11/15/36(a)(b)

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

6,406,407

4,314,000

CD

Mortgage

Trust,

Series

2016-CD2,

Class

A4,

3.526%,

11/10/49(d)

.......

4,014,927

530,000

CD

Mortgage

Trust,

Series

2017-CD3,

Class

A4,

3.631%,

2/10/50

..........

493,493

3,447,000

CFCRE

Commercial

Mortgage

Trust,

Series

2016-C7,

Class

A3,

3.839%,

12/10/54

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

3,215,009

1,337,000

Citigroup

Commercial

Mortgage

Trust,

Series

2017-P7,

Class

A4,

3.712%,

4/14/50

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

1,254,489

3,159,000

COMM

2013-CCRE12

Mortgage

Trust,

Series

2013-CR12,

Class

A4,

4.046%,

10/10/46

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

3,099,884

795,000

COMM

Mortgage

Trust,

Series

2014-

CR16,

Class

A4,

4.051%,

4/10/47

.....

774,849

1,643,000

COMM

Mortgage

Trust,

Series

2014-

CR20,

Class

A4,

3.590%,

11/10/47

....

1,584,764

1,208,000

COMM

Mortgage

Trust,

Series

2014-

LC17,

Class

A5,

3.917%,

10/10/47

....

1,171,356

1,070,000

COMM

Mortgage

Trust,

Series

2014-

UBS4,

Class

A5,

3.694%,

8/10/47

....

1,034,753

7,155,000

COMM

Mortgage

Trust,

Series

2017-

COR2,

Class

A3,

3.510%,

9/10/50

....

6,581,156

1,337,000

CSAIL

Commercial

Mortgage

Trust,

Series

2015-C4,

Class

A4,

3.808%,

11/15/48

..

1,274,162

6,168,000

ELP

Commercial

Mortgage

Trust,

Series

2021-ELP,

Class

C,

5.638%,

(LIBOR

USD

1-Month

plus

1.32%),

11/15/38(a)

(b) ...........................

5,858,634

3,355,993

Fannie

Mae-Aces,

Series

2017-M8,

Class

A2,

3.061%,

5/25/27(d)

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

3,162,030

1,957,550

Fannie

Mae-Aces,

Series

2019-M9,

Class

A2,

2.937%,

6/25/29

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

1,793,501

3,386,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K153,

Class

A3,

3.117%,

10/25/31(d)

...........

3,058,953

8,536,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

Series

K155,

Class

A3,

3.750%,

4/25/33

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

8,024,567

5,227,875

FRESB

Mortgage

Trust,

Series

2018-SB52,

Class

A10F,

3.460%,

6/25/28(d)

......

4,970,976

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

(continued)

$

382,171

GS

Mortgage

Securities

Trust,

Series

2010-

C1,

Class

B,

5.148%,

8/10/43(b)

.....

$

377,124

2,249,000

GS

Mortgage

Securities

Trust,

Series

2014-

GC24,

Class

A5,

3.931%,

9/10/47

....

2,173,069

2,209,000

GS

Mortgage

Securities

Trust,

Series

2016-

GS4,

Class

A4,

3.442%,

11/10/49(d)

...

2,056,807

2,436,160

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2011-C3,

Class

B,

5.013%,

2/15/46(b)(d)

...........

2,330,784

1,497,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2013-C10,

Class

AS,

3.372%,

12/15/47

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

1,493,286

1,517,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2016-JP4,

Class

A4,

3.648%,

12/15/49(d)

...........

1,417,042

1,245,000

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2014-C23,

Class

A5,

3.934%,

9/15/47

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

1,206,274

3,742,000

JPMCC

Commercial

Mortgage

Securities

Trust,

Series

2017-JP5,

Class

A5,

3.723%,

3/15/50

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

3,494,493

6,719,000

Med

Trust,

Series

2021-MDLN,

Class

C,

6.118%,

(LIBOR

USD

1-Month

plus

1.80%),

11/15/38(a)(b)

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

6,383,406

589,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

Series

2014-C18,

Class

A4,

3.923%,

10/15/47

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

569,444

5,198,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

Series

2016-C32,

Class

A4,

3.720%,

12/15/49

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

4,871,043

2,562,000

Morgan

Stanley

Capital

I

Trust,

Series

2016-BNK2,

Class

A4,

3.049%,

11/15/49

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

2,342,629

9,850,000

Morgan

Stanley

Capital

I

Trust,

Series

2018-H3,

Class

A5,

4.177%,

7/15/51

..

9,296,569

8,910,000

Morgan

Stanley

Capital

I,

Inc.,

Series

2017-HR2,

Class

A4,

3.587%,

12/15/50

8,232,808

5,093,015

OPG

Trust,

Series

2021-PORT,

Class

C,

5.150%,

(LIBOR

USD

1-Month

plus

0.83%),

10/15/36(a)(b)

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

4,760,909

5,035,162

SMR

Mortgage

Trust,

Series

2022-IND,

Class

A,

5.986%,

(TSFR1M

plus

1.65%),

2/15/39(a)(b)

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

4,757,394

2,812,000

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2015-P2,

Class

A4,

3.809%,

12/15/48

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

2,676,189

723,000

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2016-C37,

Class

A5,

3.794%,

12/15/49

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

682,243

8,591,000

Wells

Fargo

Commercial

Mortgage

Trust,

Series

2017-C40,

Class

A4,

3.581%,

10/15/50

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

7,964,783

Principal

Amount

Fair

Value

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

(continued)

$

899,000

WFRBS

Commercial

Mortgage

Trust,

Series

2014-C23,

Class

A5,

3.917%,

10/15/57

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

$

871,189

Total

Commercial

Mortgage-Backed

Securities

(Cost

$173,618,125)

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

160,995,826

CORPORATE

BONDS

—

23.4%

Aerospace

&

Defense

—

0.7%

3,575,000

Boeing

Co.

(The),

5.705%,

5/1/40

......

3,409,125

2,679,000

L3Harris

Technologies,

Inc.,

3.832%,

4/27/25

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

2,603,526

1,670,000

Raytheon

Technologies

Corp.,

4.500%,

6/1/42

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

1,513,827

7,526,478

Automobiles

—

0.3%

2,295,000

Daimler

Trucks

Finance

North

America,

LLC,

2.000%,

12/14/26(b)

..........

2,024,590

1,604,000

General

Motors

Financial

Co.,

Inc.,

2.750%,

6/20/25

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

1,502,688

3,527,278

Banks

—

5.2%

2,921,000

Bank

of

America

Corp.,

3.419%,

(LIBOR

USD

3-Month

plus

1.04%),

12/20/28(e)

2,645,270

3,311,000

Bank

of

America

Corp.,

4.640%,

(SOFR

plus

0.69%),

4/22/25(a)

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

3,268,286

2,593,000

Barclays

PLC,

4.338%,

(LIBOR

USD

3-Month

plus

1.36%),

5/16/24(e)

.....

2,575,208

2,691,000

BPCE

SA,

2.375%,

1/14/25(b)

........

2,511,531

4,726,000

Citigroup,

Inc.,

4.734%,

(SOFR

plus

0.67%),

5/1/25(a)

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

4,654,100

2,614,000

Commonwealth

Bank

of

Australia,

4.092%,

(SOFR

plus

0.40%),

7/7/25(a)(b)

.....

2,579,140

3,216,000

First

Citizens

BancShares,

Inc.,

3.375%,

(TSFR3M

plus

2.47%),

3/15/30(e)

....

3,039,029

2,468,000

Huntington

Bancshares,

Inc.,

2.625%,

8/6/24

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

2,369,820

4,025,000

JPMorgan

Chase

&

Co.,

2.083%,

(SOFR

plus

1.85%),

4/22/26(e)

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

3,734,512

3,787,000

JPMorgan

Chase

&

Co.,

4.778%,

(SOFR

plus

0.89%),

4/22/27(a)

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

3,705,047

2,810,000

Lloyds

Banking

Group

PLC,

4.582%,

12/10/25

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

2,716,141

1,948,000

Macquarie

Group,

Ltd.,

1.340%,

(SOFR

plus

1.07%),

1/12/27(b)(e)

..........

1,699,611

2,533,000

Morgan

Stanley,

0.790%,

(SOFR

plus

0.53%),

5/30/25(e)

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

2,360,169

2,748,000

PNC

Financial

Services

Group,

Inc.

(The),

Series

O,

8.118%,

(LIBOR

USD

3-Month

plus

3.68%)(d)(f)

..........

2,741,130

2,599,000

Royal

Bank

of

Canada,

GMTN,

4.538%,

(SOFRINDX

plus

0.57%),

4/27/26(a)

..

2,517,060

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Banks

—

(continued)

$

3,172,000

Sumitomo

Mitsui

Financial

Group,

Inc.,

2.130%,

7/8/30

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

$

2,515,243

2,884,000

Toronto-Dominion

Bank

(The),

3.625%,

(5

yr.

Swap

Semi

30/360

USD

plus

2.21%),

9/15/31(d)

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

2,659,667

1,144,000

Visa,

Inc.,

2.700%,

4/15/40

...........

872,466

3,524,000

Wells

Fargo

&

Co.,

3.068%,

(SOFR

plus

2.53%),

4/30/41(e)

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

2,516,587

1,812,000

Westpac

Banking

Corp.,

GMTN,

4.322%,

(USD

Swap

Rate

11:00

am

NY

plus

2.24%),

11/23/31(d)

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

1,707,610

53,387,627

Beverages

—

0.5%

2,218,000

Anheuser-Busch

InBev

Worldwide,

Inc.,

5.800%,

1/23/59

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

2,303,697

2,525,000

Bacardi,

Ltd.,

4.450%,

5/15/25(b)

......

2,451,871

4,755,568

Capital

Goods

—

0.3%

2,610,000

Keysight

Technologies,

Inc.,

4.550%,

10/30/24

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

2,571,195

Capital

Markets

—

0.3%

2,958,000

Morgan

Stanley,

2.188%,

(SOFR

plus

1.99%),

4/28/26(e)

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

2,750,849

Chemicals

—

0.4%

2,856,000

Albemarle

Corp.,

5.450%,

12/1/44(c)

....

2,592,206

1,267,000

FMC

Corp.,

3.450%,

10/1/29

.........

1,120,599

3,712,805

Commercial

Services

&

Supplies

—

0.2%

3,652,000

Waste

Connections,

Inc.,

2.950%,

1/15/52

2,417,210

Construction

Materials

—

0.1%

1,741,000

Vulcan

Materials

Co.,

4.500%,

6/15/47

..

1,454,413

Diversified

Financial

Services

—

2.4%

3,315,000

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust,

4.450%,

10/1/25(c)

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

3,187,137

2,843,000

Avolon

Holdings

Funding,

Ltd.,

2.875%,

2/15/25(b)

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

2,625,031

2,860,000

Bain

Capital

Specialty

Finance,

Inc.,

2.950%,

3/10/26

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

2,473,240

3,378,000

Barings

BDC,

Inc.,

3.300%,

11/23/26

...

2,866,873

3,509,000

BlackRock,

Inc.,

1.900%,

1/28/31(c)

....

2,848,456

3,657,000

Blue

Owl

Finance,

LLC,

4.125%,

10/7/51(b)

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

2,165,164

2,605,000

Charles

Schwab

Corp.

(The),

4.646%,

(SOFRINDX

plus

0.52%),

5/13/26(a)

..

2,527,855

1,723,000

Goldman

Sachs

Group,

Inc.

(The),

Series

VAR,

1.093%,

(SOFR

plus

0.79%),

12/9/26(e)

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

1,522,391

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Diversified

Financial

Services

—

(continued)

$

2,008,000

Jefferies

Financial

Group,

Inc.,

4.150%,

1/23/30

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

$

1,789,949

2,987,000

Owl

Rock

Capital

Corp.,

3.400%,

7/15/26

2,611,747

24,617,843

Diversified

Telecommunication

Services

—

0.7%

2,324,250

Sprint

Spectrum

Co.,

LLC/Sprint

Spectrum

Co.

II,

LLC/Sprint

Spectrum

Co.

III,

LLC,

4.738%,

3/20/25(b)

...........

2,297,757

2,743,000

T-Mobile

USA,

Inc.,

3.500%,

4/15/25

...

2,639,672

2,801,000

Verizon

Communications,

Inc.,

1.450%,

3/20/26

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

2,517,158

7,454,587

Electric

Utilities

—

1.8%

1,287,000

American

Electric

Power

Co.,

Inc.,

5.750%,

11/1/27

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

1,324,148

2,819,000

CenterPoint

Energy,

Inc.,

2.950%,

3/1/30

.

2,429,575

3,631,000

Dominion

Energy,

Inc.,

STEP,

3.071%,

8/15/24

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

3,500,267

3,707,000

Duke

Energy

Progress,

LLC,

3.600%,

9/15/47

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

2,799,014

2,734,000

Entergy

Mississippi,

LLC,

3.100%,

7/1/23

2,704,946

3,256,000

Indiana

Michigan

Power

Co.,

Series

K,

4.550%,

3/15/46

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

2,739,244

1,000,000

Korea

East-West

Power

Co.,

Ltd.,

1.750%,

5/6/25(b)

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

922,903

2,641,000

NextEra

Energy

Capital

Holdings,

Inc.,

2.440%,

1/15/32

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

2,140,698

18,560,795

Energy

Equipment

&

Services

—

1.5%

2,828,000

Aker

BP

ASA,

3.750%,

1/15/30(b)

.....

2,494,440

2,929,000

Cheniere

Corpus

Christi

Holdings,

LLC,

3.700%,

11/15/29

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

2,652,801

1,849,000

Enterprise

Products

Operating,

LLC,

5.950%,

2/1/41

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

1,859,800

1,537,000

Hess

Corp.,

7.875%,

10/1/29(c)

........

1,707,635

228,000

NuStar

Logistics

L.P.,

6.000%,

6/1/26(c)

.

219,543

1,955,000

Plains

All

American

Pipeline

LP/PAA

Finance

Corp.,

4.900%,

2/15/45

......

1,533,463

2,384,000

Sabine

Pass

Liquefaction,

LLC,

5.625%,

3/1/25

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

2,388,413

2,880,000

Sempra

Global,

3.250%,

1/15/32(b)

.....

2,303,932

15,160,027

Equity

Real

Estate

Investment

Trusts

(REITS)

—

1.2%

3,279,000

American

Tower

Trust,

3.652%,

3/23/28(b)

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

2,971,196

1,130,000

Invitation

Homes

Operating

Partnership

L.P.,

4.150%,

4/15/32

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

991,976

2,074,000

LXP

Industrial

Trust,

2.700%,

9/15/30

...

1,655,989

5,037,000

SBA

Tower

Trust,

Series

2014-2A,

Class

C,

3.869%,

10/15/49(b)

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

4,814,659

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Equity

Real

Estate

Investment

Trusts

(REITS)

—

(continued)

$

3,178,000

Tanger

Properties

L.P.,

2.750%,

9/1/31

...

$

2,308,847

12,742,667

Food

&

Staples

Retailing

—

0.3%

2,918,000

AbbVie,

Inc.,

4.875%,

11/14/48

........

2,677,562

Gas

Utilities

—

0.3%

3,960,000

Sempra

Energy,

3.800%,

2/1/38

........

3,258,667

Health

Care

Equipment

&

Services

—

0.3%

974,000

HCA,

Inc.,

3.125%,

3/15/27(b)

........

888,197

2,537,000

HCA,

Inc.,

5.000%,

3/15/24

..........

2,523,261

3,411,458

Health

Care

Providers

&

Services

—

0.3%

2,644,000

CVS

Health

Corp.,

2.700%,

8/21/40

....

1,838,171

2,031,000

Elevance

Health,

Inc.,

3.600%,

3/15/51(c)

1,529,807

3,367,978

Insurance

—

2.3%

2,080,000

Aspen

Insurance

Holdings,

Ltd.,

4.650%,

11/15/23

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

2,063,636

2,769,000

Athene

Global

Funding,

2.500%,

1/14/25(b)

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

2,594,888

1,664,000

AXIS

Specialty

Finance,

LLC,

3.900%,

7/15/29

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

1,481,509

3,300,000

Enstar

Group,

Ltd.,

3.100%,

9/1/31

.....

2,417,657

2,298,000

KKR

Group

Finance

Co.

III,

LLC,

5.125%,

6/1/44(b)

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

1,996,769

3,364,000

Meiji

Yasuda

Life

Insurance

Co.,

5.200%,

(5

yr.

Swap

Semi

30/360

USD

plus

4.23%),

10/20/45(b)(d)

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

3,255,343

3,109,000

Nationwide

Mutual

Insurance

Co.,

4.350%,

4/30/50(b)

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

2,338,606

3,352,000

Sammons

Financial

Group,

Inc.,

3.350%,

4/16/31(b)

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

2,559,330

3,076,000

SBL

Holdings,

Inc.,

5.000%,

2/18/31(b)

..

2,425,955

1,870,000

Transatlantic

Holdings,

Inc.,

8.000%,

11/30/39

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

2,328,934

23,462,627

Internet

&

Direct

Marketing

Retail

—

0.2%

3,517,000

Amazon.com,

Inc.,

2.700%,

6/3/60(c)

...

2,139,590

Machinery

—

0.3%

3,011,000

Deere

&

Co.,

3.750%,

4/15/50

.........

2,563,586

Media

—

0.5%

2,036,000

Discovery

Communications,

LLC,

5.200%,

9/20/47

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

1,521,613

1,303,000

FactSet

Research

Systems,

Inc.,

2.900%,

3/1/27

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

1,184,392

2,217,000

Time

Warner

Cable,

LLC,

6.550%,

5/1/37

2,119,235

4,825,240

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Multi-Utilities

—

0.4%

$

2,310,000

CMS

Energy

Corp.,

4.700%,

3/31/43

....

$

1,948,126

2,946,000

Puget

Sound

Energy,

Inc.,

4.223%,

6/15/48

2,403,585

4,351,711

Oil,

Gas

&

Consumable

Fuels

—

1.0%

386,000

Aker

BP

ASA,

3.100%,

7/15/31(b)

.....

316,867

2,455,000

Halliburton

Co.,

7.450%,

9/15/39

......

2,775,724

1,453,000

Hess

Corp.,

5.800%,

4/1/47

...........

1,396,961

1,725,000

HF

Sinclair

Corp.,

4.500%,

10/1/30

.....

1,518,562

2,149,000

HF

Sinclair

Corp.,

5.875%,

4/1/26

......

2,153,023

2,807,000

Schlumberger

Investment

SA,

2.650%,

6/26/30

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

2,416,394

10,577,531

Pharmaceuticals

—

0.2%

2,559,000

SC

Johnson

&

Son,

Inc.,

4.750%,

10/15/46(b)

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

2,280,026

Road

&

Rail

—

0.5%

2,244,000

Burlington

Northern

Santa

Fe,

LLC,

4.950%,

9/15/41

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

2,152,542

3,334,000

Kansas

City

Southern,

4.200%,

11/15/69

.

2,482,610

4,635,152

Semiconductors

&

Semiconductor

Equipment

—

0.4%

1,713,000

Broadcom,

Inc.,

4.926%,

5/15/37(b)

....

1,498,429

2,910,000

TSMC

Global,

Ltd.,

1.250%,

4/23/26(b)

.

2,610,286

4,108,715

Software

—

0.1%

1,490,000

Dell

International,

LLC/EMC

Corp.,

6.020%,

6/15/26

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

1,523,349

Specialty

Retail

—

0.2%

3,201,000

ERAC

USA

Finance,

LLC,

4.200%,

11/1/46(b)

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

2,502,536

Telecommunication

Services

—

0.5%

3,783,000

AT&T,

Inc.,

3.550%,

9/15/55(c)

........

2,535,532

3,858,000

AT&T,

Inc.,

3.850%,

6/1/60(c)

........

2,691,108

5,226,640

Total

Corporate

Bonds

(Cost

$281,272,272)

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

241,551,710

MORTGAGE-BACKED

SECURITIES

—

22.8%

Fannie

Mae

—

13.0%

11,554

5.000%,

9/1/25,

Pool

#255892

.........

11,455

1,099,732

4.000%,

12/1/33,

Pool

#MA1689

.......

1,066,129

643,868

4.000%,

6/1/34,

Pool

#MA1922

........

620,763

603,150

4.000%,

3/1/35,

Pool

#MA2211

........

580,387

263,058

5.500%,

8/1/37,

Pool

#995082

.........

271,941

2,731,029

3.500%,

8/1/38,

Pool

#FM2472

........

2,614,339

98,111

4.500%,

10/1/39,

Pool

#AC2645

.......

96,786

101,588

5.000%,

6/1/40,

Pool

#AD4927

........

102,958

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

MORTGAGE-BACKED

SECURITIES

—

(continued)

Fannie

Mae

—

(continued)

$

93,517

5.000%,

6/1/40,

Pool

#AD8718

........

$

94,782

6,761,152

4.000%,

8/1/40,

Pool

#FM4673

........

6,556,061

12,671,379

1.500%,

12/1/40,

Pool

#MA4202

.......

10,385,268

213,955

4.500%,

12/1/40,

Pool

#AH1100

.......

212,317

132,733

4.500%,

3/1/41,

Pool

#AB2467

........

131,717

260,668

4.500%,

5/1/41,

Pool

#AI1023

.........

257,173

157,126

4.500%,

11/1/41,

Pool

#AJ4994

........

155,923

184,110

4.500%,

12/1/41,

Pool

#AJ7696

........

182,171

446,549

3.500%,

6/1/42,

Pool

#AB5373

........

418,592

817,817

3.500%,

5/1/43,

Pool

#AL3605

........

758,320

412,651

3.500%,

5/1/43,

Pool

#AB9368

........

386,402

10,045,408

3.000%,

8/1/43,

Pool

#AL9500

........

9,154,491

1,103,490

3.500%,

8/1/43,

Pool

#AU0613

........

1,031,158

250,357

4.500%,

11/1/44,

Pool

#MA2100

.......

246,195

636,826

4.500%,

1/1/45,

Pool

#MA2158

........

626,238

804,658

4.000%,

3/1/45,

Pool

#MA2217(c)

......

771,702

702,112

4.000%,

6/1/46,

Pool

#MA2653

........

672,914

646,898

4.500%,

7/1/46,

Pool

#AS7568

........

636,140

871,650

4.000%,

11/1/46,

Pool

#MA2808

.......

834,682

1,233,172

4.000%,

5/1/47,

Pool

#BE9598

........

1,179,215

1,307,680

4.000%,

8/1/47,

Pool

#BH5117

........

1,250,263

3,414,614

4.000%,

4/1/48,

Pool

#BM3900

........

3,258,366

1,403,090

5.000%,

8/1/48,

Pool

#CA2219

........

1,407,964

3,277,805

3.000%,

11/1/48,

Pool

#BM5822

.......

2,936,467

4,285,135

3.500%,

10/1/49,

Pool

#CA4431

.......

3,939,769

11,584,569

3.000%,

3/1/50,

Pool

#FM2870

........

10,282,041

6,583,381

3.000%,

3/1/50,

Pool

#FM2714

........

5,840,346

3,129,329

2.500%,

5/1/50,

Pool

#FM3287

........

2,679,233

7,350,926

2.000%,

7/1/50,

Pool

#CA6301

........

6,045,009

9,479,578

2.500%,

9/1/50,

Pool

#BQ0538

........

8,087,919

3,770,858

2.500%,

9/1/50,

Pool

#BQ2883

........

3,220,415

3,999,855

3.000%,

10/1/50,

Pool

#CA7381

.......

3,529,843

4,876,350

3.000%,

11/1/51,

Pool

#CB2170

.......

4,286,103

16,103,647

3.500%,

4/1/52,

Pool

#FS1475

........

14,792,100

13,638,684

3.500%,

4/1/52,

Pool

#FS1185

........

12,427,034

9,958,566

4.500%,

6/1/52,

Pool

#FS2157

........

9,694,361

133,733,452

Freddie

Mac

—

9.8%

15,481

5.000%,

7/1/25,

Pool

#ZA1892

........

15,349

85,246

2.500%,

1/1/28,

Pool

#ZK4918

........

81,180

253,375

3.500%,

7/1/30,

Pool

#ZS8575

........

247,622

35,952

5.000%,

3/1/36,

Pool

#ZS4230

........

36,746

1,029,244

4.000%,

4/1/36,

Pool

#ZA2413

........

992,256

1,298,153

3.500%,

6/1/36,

Pool

#ZA2414(c)

......

1,242,680

9,935

5.000%,

7/1/36,

Pool

#ZS1139

........

10,154

764,432

3.500%,

8/1/36,

Pool

#ZA2425

........

731,761

106,999

6.500%,

9/1/36,

Pool

#ZS4257

........

112,099

2,063,657

3.500%,

11/1/36,

Pool

#ZA2439

.......

1,964,402

38,996

5.000%,

2/1/37,

Pool

#ZI5759

.........

39,858

1,528,251

4.000%,

5/1/37,

Pool

#ZA2461

........

1,473,309

37,050

4.500%,

10/1/39,

Pool

#ZI9349

........

36,527

4,983,711

3.000%,

5/1/40,

Pool

#RB5049

........

4,531,368

109,342

5.000%,

6/1/40,

Pool

#ZA1049

........

110,818

284,652

5.000%,

7/1/40,

Pool

#ZJ0194

.........

288,494

Principal

Amount

Fair

Value

MORTGAGE-BACKED

SECURITIES

—

(continued)

Freddie

Mac

—

(continued)

$

31,111

5.000%,

9/1/40,

Pool

#ZA1066

........

$

31,531

6,483,683

2.000%,

12/1/40,

Pool

#RB5090

.......

5,531,265

402,014

4.000%,

12/1/42,

Pool

#ZS3671

.......

384,760

308,351

3.500%,

5/1/43,

Pool

#ZL5915

........

288,683

179,674

4.000%,

5/1/44,

Pool

#ZA4468

........

172,312

81,089

4.000%,

7/1/44,

Pool

#ZS4573

........

77,766

140,145

4.000%,

9/1/44,

Pool

#ZL8439

........

134,402

1,952,160

3.500%,

1/1/45,

Pool

#ZL8964

........

1,823,021

1,610,488

3.500%,

5/1/46,

Pool

#ZS4663

........

1,510,397

459,617

4.000%,

8/1/46,

Pool

#ZS4673

........

440,308

1,102,679

3.500%,

9/1/46,

Pool

#ZS4678

........

1,029,048

2,484,502

3.500%,

9/1/47,

Pool

#ZM4305

........

2,305,726

650,334

3.500%,

1/1/48,

Pool

#ZM5375

........

603,335

603,181

4.000%,

2/1/48,

Pool

#ZT1639

........

576,696

558,977

4.000%,

6/1/48,

Pool

#ZT0541

........

534,344

6,448,907

2.500%,

11/1/49,

Pool

#QA4396

.......

5,522,783

2,738,077

3.000%,

11/1/49,

Pool

#QA4336

.......

2,445,432

2,542,688

3.500%,

6/1/50,

Pool

#RA2794

........

2,331,726

10,075,489

2.500%,

7/1/50,

Pool

#RA2970

........

8,618,114

11,900,707

2.500%,

11/1/50,

Pool

#QB5838

.......

10,133,104

251,011

3.000%,

1/1/51,

Pool

#SD8123

........

221,156

1,382,995

3.000%,

12/1/51,

Pool

#SD8184

.......

1,217,540

4,360,830

3.500%,

4/1/52,

Pool

#RA7191

........

3,972,546

10,558,912

4.000%,

5/1/52,

Pool

#RA7306

........

9,974,848

10,464,091

4.500%,

8/1/52,

Pool

#SD1515

........

10,089,485

10,757,564

5.000%,

9/1/52,

Pool

#RA7936

........

10,617,663

9,044,186

5.000%,

10/1/52,

Pool

#SD1710

.......

8,959,930

101,462,544

Ginnie

Mae

—

0.0%

54,841

5.000%,

2/15/40,

Pool

#737037

........

55,992

Total

Mortgage-Backed

Securities

(Cost

$262,882,063)

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

235,251,988

MUNICIPAL

BONDS

—

4.5%

Alabama

—

0.2%

2,675,000

Alabama

Economic

Settlement

Authority,

Economic

Imports,

Taxable

BP

-

Settlement

Revenue,

Series

B,

4.263%,

9/15/32(c)

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

2,486,760

California

—

0.7%

2,675,000

Municipal

Improvement

Corp.

of

Los

Angeles,

Advance

Refunding

Revenue

Bonds,

Series

A,

1.448%,

11/1/27

.....

2,265,511

2,230,000

Municipal

Improvement

Corp.

of

Los

Angeles,

Advance

Refunding

Revenue

Bonds,

Series

A,

1.648%,

11/1/28

.....

1,842,515

2,370,000

San

Diego

County

Water

Authority,

Taxable

Green

Bonds,

Advance

Refunding

Revenue

Bonds,

Series

A,

1.531%,

5/1/30

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

1,871,020

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

MUNICIPAL

BONDS

—

(continued)

California

—

(continued)

$

1,145,000

State

of

California,

Build

America

Bonds,

School

Improvements

G.O.,

7.625%,

3/1/40(c)

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

$

1,445,998

7,425,044

Florida

—

0.3%

1,905,000

Reedy

Creek

Improvement

District,

Advance

Refunding,

Taxable

Revenue

Bonds,

G.O.,

Series

A,

2.147%,

6/1/29

.

1,560,367

1,810,000

Reedy

Creek

Improvement

District,

Advance

Refunding,

Taxable

Revenue

Bonds,

G.O.,

Series

A,

2.197%,

6/1/30

.

1,437,176

2,997,543

Illinois

—

0.9%

7,155,000

Sales

Tax

Securitization

Corp.,

Second

Lien,

Current

Refunding,

Taxable

Revenue

Bonds,

Series

B,

3.057%,

1/1/34

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

5,675,346

1,605,000

State

of

Illinois

Sales

Tax

Revenue,

Public

Improvements,

Taxable

Building

Revenue,

3.481%,

6/15/26

..........

1,501,156

2,790,000

State

of

Illinois

Sales

Tax

Revenue,

Public

Improvements,

Taxable

Revenue,

Series

B,

2.620%,

6/15/26

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

2,535,106

9,711,608

New

York

—

1.2%

4,630,000

Metropolitan

Transportation

Authority,

Taxable

Green

Bonds,

Green

Purpose

Revenue

Bonds,

Series

C2,

5.175%,

11/15/49

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

3,995,690

2,695,000

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue,

Public

Improvements,

Taxable

Revenue,

Callable

2/1/27

@

100,

3.330%,

2/1/28

.

2,467,623

7,130,000

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

Bonds,

Public

Improvements,

Taxable

Revenue,

Sub

Series

B3,

Callable

11/1/29

@

100,

3.000%,

11/1/33

.....

5,774,444

12,237,757

North

Carolina

—

0.2%

2,317,000

Duke

University,

3.299%,

10/1/46

......

1,738,569

Pennsylvania

—

0.5%

2,320,000

City

of

Pittsburgh,

PA,

Refunding,

Taxable

Revenue

Bonds,

G.O.,

Series

B,

1.189%,

9/1/26

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

2,043,572

3,898,000

Lehigh

University,

3.479%,

11/15/46

....

2,940,624

4,984,196

Principal

Amount

Fair

Value

MUNICIPAL

BONDS

—

(continued)

Texas

—

0.5%

$

1,580,000

Dallas

Area

Rapid

Transit,

Advance

Refunding,

Taxable

Revenue

Bonds,

Series

C,

Callable

12/1/29

@

100,

1.846%,

12/1/30

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

$

1,264,916

4,605,000

Tarrant

Regional

Water

District,

Advance

Refunding

Revenue

Bonds,

Series

S,

1.450%,

9/1/29

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

3,734,425

4,999,341

Total

Municipal

Bonds

(Cost

$57,101,974)

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

46,580,818

U.S.

GOVERNMENT

AGENCIES

—

0.5%

Federal

Farm

Credit

Banks

Funding

Corp.

—

0.5%

4,769,000

4.125%,

12/15/32

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

4,670,037

Total

U.S.

Government

Agencies

(Cost

$4,772,089)

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

4,670,037

U.S.

TREASURY

BONDS

—

9.5%

51,289,800

2.500%,

2/15/45

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

38,912,129

105,854,700

1.375%,

8/15/50

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

59,431,625

Total

U.S.

Treasury

Bonds

(Cost

$112,815,358)

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

98,343,754

U.S.

TREASURY

NOTES

—

6.7%

8,420,000

0.125%,

1/31/23

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

8,394,625

10,985,000

0.250%,

7/31/25

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

9,920,399

20,513,100

1.625%,

1/31/27

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

18,545,925

34,879,800

2.625%,

2/15/29

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

32,307,415

Total

U.S.

Treasury

Notes

(Cost

$70,506,664)

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

69,168,364

Shares

MONEY

MARKET

FUND

—

0.5%

5,596,899

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(g)

.......

5,596,899

Total

Money

Market

Fund

(Cost

$5,596,899)

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

5,596,899

Total

Investments

—

99.5%

(Cost

$1,148,501,685)

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

1,026,467,560

Net

Other

Assets

(Liabilities)

—

0.5%

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

5,480,778

NET

ASSETS

—

100.0%

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

$

1,031,948,338

(a) 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.

Sterling

Capital

Total

Return

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

(b) 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.

(c) All

or

a

portion

of

the

securities

are

held

in

a

separate

collateral

account

at

US

Bank.

(d) 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.

(e) 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.

(f) Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

(g) Represents

the

current

yield

as

of

report

date.

GMTN

Global

Medium

Term

Note

G.O.

General

Obligation

STEP

Step

Coupon

Bond

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Total

Return

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

Total

Return

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

Total

Return

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

Total

Return

Bond

Fund

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

$

5,596,899(a)

$

1,020,870,661(b)

$

—

$

1,026,467,560

(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

Total

Return

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 Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000003549

- **c. LEI of Series:** 549300C78F4HQ4ZBDC92

**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:** $1034767629.48

**Total Liabilities:** $5779013.15

**Net Assets:** $1028988616.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1140.15641000 | **1-Year:** 50926.41589000 | **5-Year:** 201650.98316000 | **10-Year:** 167736.50379000 | **30-Year:** 22998.43610000

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

- **3-Month:** 0.15184000 | **1-Year:** 135.61934000 | **5-Year:** 212.40416000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009863 | -1.83%               | 3.40%                | 0.04%                |
| Class ID C000009864 | -1.85%               | 3.27%                | 0.02%                |
| Class ID C000199532 | -1.82%               | 3.30%                | 0.16%                |
| Class ID C000009866 | -1.91%               | 3.31%                | -0.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12159260.94            | $-8568124.97                               |
| Month 2  | $-1363564.03             | $32684362.56                               |
| Month 3  | $-1058319.16             | $-775190.23                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140J8KN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3414614 | PA      | $3258366.37   | 0.32%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MUNI IMPT CORPL             | Municipal Improvement Corp of Los Angeles                                       | CUSIP: 5445872V9<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2265511.00   | 0.22%             | 2027-11-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                  | Chesapeake Funding II LLC                                                       | CUSIP: 165183CJ1<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   4527142 | PA      | $4464132.28   | 0.43%             | 2032-08-15      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132ADZC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    603181 | PA      | $576695.62    | 0.06%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140KKS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9479578 | PA      | $8087919.36   | 0.79%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A5FT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1102679 | PA      | $1029048.08   | 0.10%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL              | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64971XMN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7130000 | PA      | $5774444.40   | 0.56%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2014-CCRE16 Mortgage Trust                                                 | CUSIP: 12591VAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795000 | PA      | $774849.21    | 0.08%             | 2047-04-10      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KPDK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10558912 | PA      | $9974848.20   | 0.97%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA Inc                                                                         | CUSIP: 404119CD9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    974000 | PA      | $888196.60    | 0.09%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CAPITAL CORP                      | Owl Rock Capital Corp                                                           | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2987000 | PA      | $2611746.77   | 0.25%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418BKN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250357 | PA      | $246194.68    | 0.02%             | 2044-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131WJMG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     38996 | PA      | $39858.01     | 0.00%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA MUNI IMPT CORPL             | Municipal Improvement Corp of Los Angeles                                       | CUSIP: 5445872W7<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $1842515.20   | 0.18%             | 2028-11-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA Inc                                                                         | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2537000 | PA      | $2523261.03   | 0.25%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Government National Mortgage Association                                        | CUSIP: 38378YP37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3125783 | PA      | $2758319.01   | 0.27%             | 2040-03-20      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329KVE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1029244 | PA      | $992255.68    | 0.10%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KPY93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10757564 | PA      | $10617662.60  | 1.03%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust             | Morgan Stanley Capital I 2017-HR2                                               | CUSIP: 61691NAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8910000 | PA      | $8232807.92   | 0.80%             | 2050-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 31398WSD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    321838 | PA      | $319588.09    | 0.03%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSATLANTIC HOLDINGS                     | Transatlantic Holdings Inc                                                      | CUSIP: 893521AB0<br>LEI: RN37QJVS1BV19MNIC295 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $2328933.92   | 0.23%             | 2039-11-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                     | Puget Sound Energy Inc                                                          | CUSIP: 745332CH7<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |   2946000 | PA      | $2403585.10   | 0.23%             | 2048-06-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance              | Citibank Credit Card Issuance Trust                                             | CUSIP: 17305EDT9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   4791000 | PA      | $5272204.69   | 0.51%             | 2039-06-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| New Century Home Equity Loan T             | New Century Home Equity Loan Trust Series 2003-4                                | CUSIP: 64352VDK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    436539 | PA      | $421994.90    | 0.04%             | 2033-10-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER INVESTMENT                    | Schlumberger Investment SA                                                      | CUSIP: 806854AJ4<br>LEI: 529900EZ29I5KXPV2J32 | Long             | DBT              | CORP              | LU        |   2807000 | PA      | $2416394.36   | 0.23%             | 2030-06-26      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                       | Blue Owl Finance LLC                                                            | CUSIP: 09581JAC0<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   3657000 | PA      | $2165163.90   | 0.21%             | 2051-10-07      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                        | Elevance Health Inc                                                             | CUSIP: 036752AS2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2031000 | PA      | $1529807.53   | 0.15%             | 2051-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                   | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   2929000 | PA      | $2652801.04   | 0.26%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31339U3D0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6448907 | PA      | $5522782.71   | 0.54%             | 2049-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QB4R6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4285135 | PA      | $3939768.50   | 0.38%             | 2049-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX 2021-LBA3 Mortgage Trust                                                     | CUSIP: 05609PAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6730000 | PA      | $6324909.19   | 0.61%             | 2036-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RCU6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    406000 | PA      | $404627.60    | 0.04%             | 2024-03-20      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34879800 | PA      | $32307414.75  | 3.14%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                  | Hess Corp                                                                       | CUSIP: 023551AF1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   1537000 | PA      | $1707635.33   | 0.17%             | 2029-10-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                  | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32                     | CUSIP: 61691GAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5198000 | PA      | $4871043.20   | 0.47%             | 2049-12-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2017-COR2 Mortgage Trust                                                   | CUSIP: 12595EAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7155000 | PA      | $6581156.12   | 0.64%             | 2050-09-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                   | FMC Corp                                                                        | CUSIP: 302491AU9<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   1267000 | PA      | $1120598.71   | 0.11%             | 2029-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138E0RS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    184110 | PA      | $182171.27    | 0.02%             | 2041-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2267714.25   | 0.22%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                   | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MCB4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3172000 | PA      | $2515242.86   | 0.24%             | 2030-07-08      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A9Q42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    253375 | PA      | $247621.52    | 0.02%             | 2030-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-21M                                           | CUSIP: 05609CAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4926016 | PA      | $4618703.32   | 0.45%             | 2036-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132DNVG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10464091 | PA      | $10089485.47  | 0.98%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418WVL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93517 | PA      | $94781.50     | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                             | Halliburton Co                                                                  | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2775724.37   | 0.27%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137AXUF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    324000 | PA      | $290961.43    | 0.03%             | 2032-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131X8PB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85246 | PA      | $81180.40     | 0.01%             | 2028-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31416XW55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    132733 | PA      | $131716.88    | 0.01%             | 2041-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas             | FRESB 2018-SB52 Mortgage Trust                                                  | CUSIP: 30297CAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5227875 | PA      | $4970976.13   | 0.48%             | 2028-06-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                   | Duke Energy Progress LLC                                                        | CUSIP: 26442UAE4<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   3707000 | PA      | $2799013.94   | 0.27%             | 2047-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $3734511.81   | 0.36%             | 2026-04-22      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136ACRN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2158826 | PA      | $2065837.62   | 0.20%             | 2040-01-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418A2X5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1099732 | PA      | $1066129.37   | 0.10%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU             | WFRBS Commercial Mortgage Trust 2014-C23                                        | CUSIP: 92939HAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    899000 | PA      | $871188.72    | 0.08%             | 2057-10-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                   | First Citizens BancShares Inc/NC                                                | CUSIP: 31946MAA1<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   3216000 | PA      | $3039028.86   | 0.30%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                              | State of California                                                             | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1445997.60   | 0.14%             | 2040-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329JFF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31111 | PA      | $31531.27     | 0.00%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINAN NA                    | Daimler Trucks Finance North America LLC                                        | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2024589.88   | 0.20%             | 2026-12-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST                   | Reedy Creek Improvement District                                                | CUSIP: 758449SB9<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1437176.20   | 0.14%             | 2030-06-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Ginnie Mae I Pool                                                               | CUSIP: 3620AQZA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     54841 | PA      | $55991.80     | 0.01%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2014-GC24                                          | CUSIP: 36253GAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2249000 | PA      | $2173069.04   | 0.21%             | 2047-09-10      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                   | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   2218000 | PA      | $2303696.87   | 0.22%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                     | American Tower Trust #1                                                         | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |   3279000 | PA      | $2971195.35   | 0.29%             | 2028-03-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| LEHIGH UNIVERSITY                          | Lehigh University                                                               | CUSIP: 525015AA1<br>LEI: 549300FZSN0WQ20I3T65 | Long             | DBT              | CORP              | US        |   3898000 | PA      | $2940623.56   | 0.29%             | 2046-11-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329M6D7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    179674 | PA      | $172312.09    | 0.02%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2016-GS4                                           | CUSIP: 36251XAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2209000 | PA      | $2056806.75   | 0.20%             | 2049-11-10      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31417L5F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98111 | PA      | $96786.10     | 0.01%             | 2039-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust             | Morgan Stanley Capital I Trust 2018-H3                                          | CUSIP: 61767YAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9850000 | PA      | $9296568.89   | 0.90%             | 2051-07-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PCF1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3787000 | PA      | $3705047.46   | 0.36%             | 2027-04-22      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag             | Wells Fargo Commercial Mortgage Trust 2016-C37                                  | CUSIP: 95000PAE4<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |    723000 | PA      | $682243.41    | 0.07%             | 2049-12-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| INDIANA MICHIGAN POWER                     | Indiana Michigan Power Co                                                       | CUSIP: 454889AQ9<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |   3256000 | PA      | $2739244.64   | 0.27%             | 2046-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                        | Charles Schwab Corp/The                                                         | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2527854.88   | 0.25%             | 2026-05-13      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund                                      | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |   5596899 | NS      | $5596899.01   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138AWRQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    157126 | PA      | $155922.94    | 0.02%             | 2041-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377REH3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   6250000 | PA      | $5447839.38   | 0.53%             | 2027-08-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                     | CenterPoint Energy Inc                                                          | CUSIP: 15189TAX5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   2819000 | PA      | $2429575.16   | 0.24%             | 2030-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VGG3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2801000 | PA      | $2517158.12   | 0.24%             | 2026-03-20      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp                                                                 | CUSIP: 126650DP2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2644000 | PA      | $1838170.62   | 0.18%             | 2040-08-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2013-CCRE12 Mortgage Trust                                                 | CUSIP: 12591KAE5<br>LEI: 549300MGZ5FI5VFL1177 | Long             | ABS-MBS          | CORP              | US        |   3159000 | PA      | $3099884.37   | 0.30%             | 2046-10-10      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CBG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8420000 | PA      | $8394624.90   | 0.82%             | 2023-01-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418B5P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    702112 | PA      | $672914.34    | 0.07%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitizati             | Residential Asset Securitization Trust 2004-IP2                                 | CUSIP: 45660LAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88525 | PA      | $79337.94     | 0.01%             | 2034-12-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KJJP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10075489 | PA      | $8618114.50   | 0.84%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329KWW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1528251 | PA      | $1473309.34   | 0.14%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131XXYA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2484502 | PA      | $2305725.87   | 0.22%             | 2047-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva             | AmeriCredit Automobile Receivables Trust 2020-3                                 | CUSIP: 03066PAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8200000 | PA      | $7910380.10   | 0.77%             | 2025-12-18      | Fixed         | 0.76%                 | 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        |   4507860 | PA      | $4429911.38   | 0.43%             | 2026-02-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138WZVF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1103490 | PA      | $1031158.40   | 0.10%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132DN3T8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9044186 | PA      | $8959929.75   | 0.87%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE              | State of Illinois Sales Tax Revenue                                             | CUSIP: 452227FR7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1501156.50   | 0.15%             | 2026-06-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140Q9PD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1403090 | PA      | $1407964.24   | 0.14%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A1HQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9935 | PA      | $10154.22     | 0.00%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AK1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2748000 | PA      | $2741129.86   | 0.27%             | N/A             | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                   | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2244000 | PA      | $2152542.26   | 0.21%             | 2041-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JOHNSON (S.C.) & SON INC                   | SC Johnson & Son Inc                                                            | CUSIP: 478165AH6<br>LEI: PH5ZFDENRYXEVLP50443 | Long             | DBT              | CORP              | US        |   2559000 | PA      | $2280026.42   | 0.22%             | 2046-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust              | Citigroup Mortgage Loan Trust Inc                                               | CUSIP: 17307GHE1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |      9251 | PA      | $9147.03      | 0.00%             | 2019-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XHMF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9958566 | PA      | $9694360.92   | 0.94%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                | Hertz Vehicle Financing LLC                                                     | CUSIP: 42806MAN9<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6144641.30   | 0.60%             | 2028-06-26      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132ACS68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    558977 | PA      | $534343.55    | 0.05%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-CIP                                           | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2972000 | PA      | $2852752.36   | 0.28%             | 2038-12-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132DWAY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    251011 | PA      | $221156.09    | 0.02%             | 2051-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133ACPX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11900707 | PA      | $10133103.79  | 0.98%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust               | CD 2017-CD3 Mortgage Trust                                                      | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530000 | PA      | $493492.49    | 0.05%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                      | Time Warner Cable LLC                                                           | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   2217000 | PA      | $2119234.51   | 0.21%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                | Aker BP ASA                                                                     | CUSIP: 00973RAF0<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   2828000 | PA      | $2494439.69   | 0.24%             | 2030-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com Inc                                                                  | CUSIP: 023135BU9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   3517000 | PA      | $2139590.37   | 0.21%             | 2060-06-03      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Adjustable Rate Mortgage Trust             | Adjustable Rate Mortgage Trust 2004-5                                           | CUSIP: 007036ER3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17755 | PA      | $17669.38     | 0.00%             | 2035-04-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X6FL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11584569 | PA      | $10282040.71  | 1.00%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F             | Ford Credit Auto Owner Trust 2021-REV2                                          | CUSIP: 345285AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10559000 | PA      | $9165584.73   | 0.89%             | 2034-05-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140FVUY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1233172 | PA      | $1179215.48   | 0.11%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAAC Series                                | RAAC Series 2004-SP3 Trust                                                      | CUSIP: 76112BFB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         7 | PA      | $6.76         | 0.00%             | 2032-12-25      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X6AQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6583381 | PA      | $5840346.36   | 0.57%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie Inc                                                                      | CUSIP: 00287YBD0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2918000 | PA      | $2677561.61   | 0.26%             | 2048-11-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                              | BlackRock Inc                                                                   | CUSIP: 09247XAR2<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |   3509000 | PA      | $2848455.94   | 0.28%             | 2031-01-28      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X6UM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3129329 | PA      | $2679233.12   | 0.26%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137ASZE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1249961 | PA      | $1172620.03   | 0.11%             | 2042-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137BGAW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1655973 | PA      | $1507689.64   | 0.15%             | 2044-07-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                             | Albemarle Corp                                                                  | CUSIP: 012725AD9<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   2856000 | PA      | $2592206.59   | 0.25%             | 2044-12-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                  | Hess Corp                                                                       | CUSIP: 42809HAH0<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   1453000 | PA      | $1396960.46   | 0.14%             | 2047-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31416BM70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    263058 | PA      | $271940.86    | 0.03%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                    | Jefferies Financial Group Inc                                                   | CUSIP: 47233JBH0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2008000 | PA      | $1789949.33   | 0.17%             | 2030-01-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1955000 | PA      | $1533463.29   | 0.15%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                      | Waste Connections Inc                                                           | CUSIP: 94106BAD3<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   3652000 | PA      | $2417209.79   | 0.23%             | 2052-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138ELAF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    817817 | PA      | $758320.51    | 0.07%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X8FP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6761152 | PA      | $6556061.08   | 0.64%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140JAPG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3277805 | PA      | $2936467.03   | 0.29%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329KV84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2063657 | PA      | $1964401.71   | 0.19%             | 2036-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl             | Santander Drive Auto Receivables Trust 2021-4                                   | CUSIP: 80285VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8858000 | PA      | $8664695.41   | 0.84%             | 2026-06-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                   | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   3109000 | PA      | $2338606.25   | 0.23%             | 2050-04-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A5CJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81089 | PA      | $77766.13     | 0.01%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A4CG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    402014 | PA      | $384760.22    | 0.04%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A             | Government National Mortgage Association                                        | CUSIP: 38375QX87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    153448 | PA      | $152410.26    | 0.01%             | 2038-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA WTR AUTH                 | San Diego County Water Authority                                                | CUSIP: 797412DS9<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $1871020.20   | 0.18%             | 2030-05-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YEA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2533000 | PA      | $2360169.00   | 0.23%             | 2025-05-30      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QMMU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4876350 | PA      | $4286102.72   | 0.42%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                       | Tanger Properties LP                                                            | CUSIP: 875484AL1<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |   3178000 | PA      | $2308847.32   | 0.22%             | 2031-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                             | Fannie Mae-Aces                                                                 | CUSIP: 3136AW7J0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3355993 | PA      | $3162030.27   | 0.31%             | 2027-05-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                        | Vulcan Materials Co                                                             | CUSIP: 929160AV1<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   1741000 | PA      | $1454412.49   | 0.14%             | 2047-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aegis Asset Backed Securities              | Aegis Asset Backed Securities Trust 2005-5                                      | CUSIP: 00764MHC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31731 | PA      | $31670.08     | 0.00%             | 2035-12-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                   | Federal Farm Credit Banks Funding Corp                                          | CUSIP: 3133EN4C1<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4769000 | PA      | $4670036.86   | 0.45%             | 2032-12-15      | Fixed         | 4.12%                 | 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        |   6168000 | PA      | $5858634.09   | 0.57%             | 2038-11-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                            | CMS Energy Corp                                                                 | CUSIP: 125896BL3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $1948126.05   | 0.19%             | 2043-03-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP              | Sales Tax Securitization Corp                                                   | CUSIP: 79467BDH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7155000 | PA      | $5675346.00   | 0.55%             | 2034-01-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31339UY95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2738077 | PA      | $2445431.66   | 0.24%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                            | TSMC Global Ltd                                                                 | CUSIP: 872882AH8<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |   2910000 | PA      | $2610285.54   | 0.25%             | 2026-04-23      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P             | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137BXHC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3386000 | PA      | $3058953.03   | 0.30%             | 2031-10-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                    | Entergy Mississippi LLC                                                         | CUSIP: 29364NAR9<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |   2734000 | PA      | $2704946.19   | 0.26%             | 2023-07-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                  | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18                     | CUSIP: 61763XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    589000 | PA      | $569443.90    | 0.06%             | 2047-10-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137A4DK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181208 | PA      | $180451.55    | 0.02%             | 2023-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                            | SBA Tower Trust                                                                 | CUSIP: 78403DAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5037000 | PA      | $4814659.26   | 0.47%             | 2049-10-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-CIP                                           | CUSIP: 12434FAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4687000 | PA      | $4451933.36   | 0.43%             | 2038-12-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-ACNT                                          | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6834000 | PA      | $6490707.68   | 0.63%             | 2038-11-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138WHMS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    646898 | PA      | $636139.72    | 0.06%             | 2046-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JPMCC Commercial Mortgage Securities Trust 2017-JP5                             | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3742000 | PA      | $3494492.89   | 0.34%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20513100 | PA      | $18545925.71  | 1.80%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138AED59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    260668 | PA      | $257172.53    | 0.02%             | 2041-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VISA INC                                   | Visa Inc                                                                        | CUSIP: 92826CAK8<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   1144000 | PA      | $872465.58    | 0.08%             | 2040-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| DUKE UNIVERSITY                            | Duke University                                                                 | CUSIP: 26442TAE7<br>LEI: FY5ICUIRRDCHN4HHL592 | Long             | DBT              | CORP              | US        |   2317000 | PA      | $1738569.43   | 0.17%             | 2046-10-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                     | Commonwealth Bank of Australia                                                  | CUSIP: 2027A0KG3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   2614000 | PA      | $2579140.27   | 0.25%             | 2025-07-07      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QFFX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3999855 | PA      | $3529842.56   | 0.34%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A4VX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35952 | PA      | $36746.22     | 0.00%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust             | Morgan Stanley Capital I Trust 2016-BNK2                                        | CUSIP: 61690YBU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2562000 | PA      | $2342629.26   | 0.23%             | 2049-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418BMG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    636826 | PA      | $626237.54    | 0.06%             | 2045-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                              | Sempra Energy                                                                   | CUSIP: 816851BH1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3960000 | PA      | $3258666.89   | 0.32%             | 2038-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                | Aker BP ASA                                                                     | CUSIP: 55037AAB4<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    386000 | PA      | $316867.32    | 0.03%             | 2031-07-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                   | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAH4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2843000 | PA      | $2625030.63   | 0.26%             | 2025-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE              | Metropolitan Transportation Authority                                           | CUSIP: 59261AG76<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4630000 | PA      | $3995690.00   | 0.39%             | 2049-11-15      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                   | Lloyds Banking Group PLC                                                        | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2810000 | PA      | $2716141.14   | 0.26%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST                   | Reedy Creek Improvement District                                                | CUSIP: 758449SA1<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1560366.45   | 0.15%             | 2029-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                   | Discovery Communications LLC                                                    | CUSIP: 25470DAT6<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   2036000 | PA      | $1521612.87   | 0.15%             | 2047-09-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P             | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FG6T7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8536000 | PA      | $8024567.27   | 0.78%             | 2033-04-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131XY6L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    650334 | PA      | $603335.23    | 0.06%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINANCE                     | AXIS Specialty Finance LLC                                                      | CUSIP: 05463HAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1664000 | PA      | $1481508.67   | 0.14%             | 2029-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                      | Toronto-Dominion Bank/The                                                       | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2884000 | PA      | $2659666.76   | 0.26%             | 2031-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE              | State of Illinois Sales Tax Revenue                                             | CUSIP: 452227LE9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2535105.60   | 0.25%             | 2026-06-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329KVF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1298153 | PA      | $1242679.92   | 0.12%             | 2036-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KJC75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2542688 | PA      | $2331725.56   | 0.23%             | 2050-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140GTVK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1307680 | PA      | $1250263.45   | 0.12%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                   | Meiji Yasuda Life Insurance Co                                                  | CUSIP: 585270AA9<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   3364000 | PA      | $3255342.80   | 0.32%             | 2045-10-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                             | Fannie Mae-Aces                                                                 | CUSIP: 3136B4VT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1957550 | PA      | $1793500.98   | 0.17%             | 2029-06-25      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CAB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10985000 | PA      | $9920399.05   | 0.96%             | 2025-07-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 105854700 | PA      | $59431624.86  | 5.78%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VAT0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1859799.71   | 0.18%             | 2041-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDL5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   9318000 | PA      | $9004782.88   | 0.88%             | 2025-09-22      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131XQ5Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1952160 | PA      | $1823021.20   | 0.18%             | 2045-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus             | CFCRE Commercial Mortgage Trust 2016-C7                                         | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3447000 | PA      | $3215008.63   | 0.31%             | 2054-12-10      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                    | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1523348.44   | 0.15%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus             | CSAIL 2015-C4 Commercial Mortgage Trust                                         | CUSIP: 12635RAX6<br>LEI: 54930025J96YEH8FQE77 | Long             | ABS-MBS          | CORP              | US        |   1337000 | PA      | $1274162.47   | 0.12%             | 2048-11-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| OPG Trust                                  | OPG Trust 2021-PORT                                                             | CUSIP: 67118AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5093015 | PA      | $4760908.78   | 0.46%             | 2036-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA                              | City of Pittsburgh PA                                                           | CUSIP: 725209PA2<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2043572.00   | 0.20%             | 2026-09-01      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                    | Sammons Financial Group Inc                                                     | CUSIP: 79588TAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3352000 | PA      | $2559329.57   | 0.25%             | 2031-04-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                   | Aspen Insurance Holdings Ltd                                                    | CUSIP: 04530DAD4<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |   2080000 | PA      | $2063636.22   | 0.20%             | 2023-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                         | Raytheon Technologies Corp                                                      | CUSIP: 913017BT5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1513827.08   | 0.15%             | 2042-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2921000 | PA      | $2645269.99   | 0.26%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays PLC                                                                    | CUSIP: 06738EBB0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2593000 | PA      | $2575207.79   | 0.25%             | 2024-05-16      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137FA4K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    312218 | PA      | $304286.71    | 0.03%             | 2044-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RKB7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3858000 | PA      | $2691108.39   | 0.26%             | 2060-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                        | Dominion Energy Inc                                                             | CUSIP: 25746UDB2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3631000 | PA      | $3500266.68   | 0.34%             | 2024-08-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2014-LC17 Mortgage Trust                                                   | CUSIP: 12592MBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1208000 | PA      | $1171355.44   | 0.11%             | 2047-10-10      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                    | American Electric Power Co Inc                                                  | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1287000 | PA      | $1324147.71   | 0.13%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418DU42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12671379 | PA      | $10385268.00  | 1.01%             | 2040-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBZ2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2641000 | PA      | $2140698.02   | 0.21%             | 2032-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31417B6K8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    446548 | PA      | $418592.09    | 0.04%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X5XA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2731029 | PA      | $2614338.86   | 0.25%             | 2038-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALABAMA ECON SETTLEMENT AUTH B             | Alabama Economic Settlement Authority                                           | CUSIP: 01026CAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2486760.25   | 0.24%             | 2032-09-15      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31417GMS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    412651 | PA      | $386401.86    | 0.04%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                           | Enstar Group Ltd                                                                | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   3300000 | PA      | $2417657.02   | 0.23%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140KNFZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3770858 | PA      | $3220415.11   | 0.31%             | 2050-09-01      | Fixed         | 2.50%                 | 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        |   6041000 | PA      | $5887573.10   | 0.57%             | 2025-12-22      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                   | Bain Capital Specialty Finance Inc                                              | CUSIP: 05684BAB3<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2473239.97   | 0.24%             | 2026-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AXWH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    149380 | PA      | $131690.82    | 0.01%             | 2047-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS                   | FactSet Research Systems Inc                                                    | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |   1303000 | PA      | $1184392.14   | 0.12%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2021-1                                         | CUSIP: 68269MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20805000 | PA      | $17726548.65  | 1.72%             | 2036-06-16      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 31397UBQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    763124 | PA      | $746514.87    | 0.07%             | 2041-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust 2021-ARIA                                                              | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1637000 | PA      | $1556938.26   | 0.15%             | 2036-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KN7C1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4360830 | PA      | $3972546.13   | 0.39%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY SOUTHERN                       | Kansas City Southern/Old                                                        | CUSIP: 485170BC7<br>LEI: 5493008C12PZMWP3WY03 | Long             | DBT              | CORP              | US        |   3334000 | PA      | $2482609.86   | 0.24%             | 2069-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                        | NuStar Logistics LP                                                             | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    228000 | PA      | $219542.85    | 0.02%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KOREA EAST-WEST POWER CO                   | Korea East-West Power Co Ltd                                                    | CUSIP: 5006EPAK7<br>LEI: 549300VDRGYGX9NBTB52 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $922902.88    | 0.09%             | 2025-05-06      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| RAAC Series                                | RAAC Series 2004-SP1 Trust                                                      | CUSIP: 7609855T4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60283 | PA      | $58300.96     | 0.01%             | 2034-03-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Financing LLC                                                  | CUSIP: 29375JAC8<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6591750.90   | 0.64%             | 2028-01-20      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137AVJR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    507000 | PA      | $409527.27    | 0.04%             | 2032-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138ERRW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10045408 | PA      | $9154491.00   | 0.89%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva             | GM Financial Revolving Receivables Trust 2021-1                                 | CUSIP: 36263HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3263012.25   | 0.32%             | 2034-06-12      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                           | SBL Holdings Inc                                                                | CUSIP: 78397DAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3076000 | PA      | $2425955.04   | 0.24%             | 2031-02-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Funding 2021-1 LLC                                             | CUSIP: 29374EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6943000 | PA      | $6440058.11   | 0.63%             | 2026-12-21      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T Inc                                                                        | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3783000 | PA      | $2535531.99   | 0.25%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51289800 | PA      | $38912128.99  | 3.78%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418BPB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    804658 | PA      | $771701.84    | 0.07%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131XMSC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    308351 | PA      | $288682.61    | 0.03%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418BN51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    603150 | PA      | $580386.55    | 0.06%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                    | BPCE SA                                                                         | CUSIP: 05583JAG7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2691000 | PA      | $2511531.48   | 0.24%             | 2025-01-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corpor             | Banc of America Funding 2006-2 Trust                                            | CUSIP: 05949QBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214114 | PA      | $186512.39    | 0.02%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage              | Citigroup Commercial Mortgage Trust 2017-P7                                     | CUSIP: 17325HBP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1337000 | PA      | $1254488.78   | 0.12%             | 2050-04-14      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132DWCV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1382995 | PA      | $1217540.40   | 0.12%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                | Hertz Vehicle Financing III LP                                                  | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15735000 | PA      | $13712537.97  | 1.33%             | 2027-12-27      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| BARINGS BDC INC                            | Barings BDC Inc                                                                 | CUSIP: 06759LAC7<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |   3378000 | PA      | $2866873.13   | 0.28%             | 2026-11-23      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                      | Athene Global Funding                                                           | CUSIP: 04685A2L4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2769000 | PA      | $2594888.38   | 0.25%             | 2025-01-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418SPM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101588 | PA      | $102958.35    | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp                                                                | CUSIP: 403949AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1518562.38   | 0.15%             | 2030-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co                                                                | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3524000 | PA      | $2516587.07   | 0.24%             | 2041-04-30      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                          | L3Harris Technologies Inc                                                       | CUSIP: 413875AR6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   2679000 | PA      | $2603525.79   | 0.25%             | 2025-04-27      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust               | Saxon Asset Securities Trust 2004-3                                             | CUSIP: 805564QV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2228666 | PA      | $2085450.48   | 0.20%             | 2034-12-26      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 6174468Q5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2958000 | PA      | $2750849.40   | 0.27%             | 2026-04-28      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137B6Z87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    743632 | PA      | $739431.33    | 0.07%             | 2026-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                     | CHL Mortgage Pass-Through Trust 2004-3                                          | CUSIP: 12669FPC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49324 | PA      | $47105.59     | 0.00%             | 2034-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A5FN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    459617 | PA      | $440308.16    | 0.04%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                       | Royal Bank of Canada                                                            | CUSIP: 78016EZR1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2599000 | PA      | $2517059.98   | 0.24%             | 2026-04-27      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust               | CD 2016-CD2 Mortgage Trust                                                      | CUSIP: 12515ABE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4314000 | PA      | $4014927.20   | 0.39%             | 2049-11-10      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| KKR GROUP FINANCE CO III                   | KKR Group Finance Co III LLC                                                    | CUSIP: 48250AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2298000 | PA      | $1996769.15   | 0.19%             | 2044-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MED Trust                                  | Med Trust 2021-MDLN                                                             | CUSIP: 58403YAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6719000 | PA      | $6383406.11   | 0.62%             | 2038-11-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu             | JPMBB Commercial Mortgage Securities Trust 2014-C23                             | CUSIP: 46643ABE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1245000 | PA      | $1206274.15   | 0.12%             | 2047-09-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3                    | CUSIP: 46635TAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2436160 | PA      | $2330784.33   | 0.23%             | 2046-02-15      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KYUP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6483683 | PA      | $5531265.17   | 0.54%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                     | General Motors Financial Co Inc                                                 | CUSIP: 37045XCX2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1604000 | PA      | $1502687.93   | 0.15%             | 2025-06-20      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XGJ75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13638684 | PA      | $12427034.17  | 1.21%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131XQLU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    140145 | PA      | $134401.64    | 0.01%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GJU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3311000 | PA      | $3268285.85   | 0.32%             | 2025-04-22      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                        | Macquarie Group Ltd                                                             | CUSIP: 55608JAR9<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   1948000 | PA      | $1699610.52   | 0.17%             | 2027-01-12      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2010-C1                                            | CUSIP: 36249KAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    382171 | PA      | $377124.34    | 0.04%             | 2043-08-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivable             | OneMain Direct Auto Receivables Trust 2021-1                                    | CUSIP: 682687AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14500000 | PA      | $13411057.25  | 1.30%             | 2028-07-14      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag             | Wells Fargo Commercial Mortgage Trust 2017-C40                                  | CUSIP: 95000YAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8591000 | PA      | $7964783.11   | 0.77%             | 2050-10-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329KC51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15481 | PA      | $15348.88     | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2014-UBS4 Mortgage Trust                                                   | CUSIP: 12591QAR3<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1034752.38   | 0.10%             | 2047-08-10      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AE2J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    891000 | PA      | $751781.25    | 0.07%             | 2043-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418CDN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    871650 | PA      | $834681.81    | 0.08%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust              | MASTR Alternative Loan Trust 2003-5                                             | CUSIP: 576434FK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360049 | PA      | $334092.75    | 0.03%             | 2033-06-25      | Fixed         | 5.50%                 | 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        |   2324250 | PA      | $2297757.22   | 0.22%             | 2025-03-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329KVS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    764432 | PA      | $731760.75    | 0.07%             | 2036-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-XL2                                           | CUSIP: 05609KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5247061 | PA      | $4977286.19   | 0.48%             | 2038-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131WQGB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    284652 | PA      | $288493.89    | 0.03%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3138A2GJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    213955 | PA      | $212317.39    | 0.02%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A4WS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    106999 | PA      | $112099.46    | 0.01%             | 2036-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3315000 | PA      | $3187137.43   | 0.31%             | 2025-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10                   | CUSIP: 46639JAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1497000 | PA      | $1493285.34   | 0.15%             | 2047-12-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137BVUA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1204410 | PA      | $1133668.90   | 0.11%             | 2045-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                      | Keysight Technologies Inc                                                       | CUSIP: 49338LAB9<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2571195.38   | 0.25%             | 2024-10-30      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                           | T-Mobile USA Inc                                                                | CUSIP: 87264ABB0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2743000 | PA      | $2639671.79   | 0.26%             | 2025-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                      | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AQ7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   2468000 | PA      | $2369820.22   | 0.23%             | 2024-08-06      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137AWH81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    418498 | PA      | $391441.24    | 0.04%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XGT90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16103647 | PA      | $14792099.50  | 1.44%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 31329JEW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    109342 | PA      | $110817.86    | 0.01%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                            | CUSIP: 961214DF7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1812000 | PA      | $1707610.19   | 0.17%             | 2031-11-23      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3131WNL69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37050 | PA      | $36527.20     | 0.00%             | 2039-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31371MF93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11554 | PA      | $11454.91     | 0.00%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust 2021-RISE                                                              | CUSIP: 12434EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6776000 | PA      | $6406407.15   | 0.62%             | 2036-11-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137A3QD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    730000 | PA      | $692558.67    | 0.07%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137ASCR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    493531 | PA      | $481629.67    | 0.05%             | 2040-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1723000 | PA      | $1522391.40   | 0.15%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                | Bacardi Ltd                                                                     | CUSIP: 067316AE9<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   2525000 | PA      | $2451871.23   | 0.24%             | 2025-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust             | Carvana Auto Receivables Trust 2021-P2                                          | CUSIP: 14687TAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8720000 | PA      | $7537213.10   | 0.73%             | 2027-03-10      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                       | LXP Industrial Trust                                                            | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   2074000 | PA      | $1655988.81   | 0.16%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 31418BD45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    643868 | PA      | $620762.68    | 0.06%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                       | ERAC USA Finance LLC                                                            | CUSIP: 26884TAS1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   3201000 | PA      | $2502536.33   | 0.24%             | 2046-11-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag             | Wells Fargo Commercial Mortgage Trust 2015-P2                                   | CUSIP: 95000AAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2812000 | PA      | $2676188.55   | 0.26%             | 2048-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AKMW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    922551 | PA      | $897049.36    | 0.09%             | 2027-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                               | Broadcom Inc                                                                    | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1713000 | PA      | $1498429.50   | 0.15%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDQ4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2030000 | PA      | $1890387.97   | 0.18%             | 2026-03-20      | Fixed         | 2.36%                 | 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        |   5035162 | PA      | $4757393.53   | 0.46%             | 2039-02-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor             | CSFB Mortgage-Backed Pass-Through Certificates Series 2004-1                    | CUSIP: 22541SAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136719 | PA      | $134190.70    | 0.01%             | 2034-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                  | Boeing Co/The                                                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3575000 | PA      | $3409124.90   | 0.33%             | 2040-05-01      | Fixed         | 5.71%                 | 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        |      2892 | PA      | $2862.89      | 0.00%             | 2037-06-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2022-S1                                        | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3950000 | PA      | $3727640.28   | 0.36%             | 2035-05-14      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                            | Deere & Co                                                                      | CUSIP: 244199BK0<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |   3011000 | PA      | $2563585.81   | 0.25%             | 2050-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                   | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AM8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   2384000 | PA      | $2388413.05   | 0.23%             | 2025-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3132A5FC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1610488 | PA      | $1510397.42   | 0.15%             | 2046-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP4                   | CUSIP: 46645UAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1517000 | PA      | $1417042.29   | 0.14%             | 2049-12-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2022-LP2                                           | CUSIP: 05610HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4208392 | PA      | $3991200.90   | 0.39%             | 2039-02-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SEMPRA GLOBAL                              | Sempra Global                                                                   | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2303931.92   | 0.22%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137BVEF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1912498 | PA      | $1894435.04   | 0.18%             | 2036-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                        | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $991975.82    | 0.10%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| TARRANT TX REGL WTR DIST WTR T             | Tarrant Regional Water District                                                 | CUSIP: 876448EB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4605000 | PA      | $3734424.75   | 0.36%             | 2029-09-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S             | Dallas Area Rapid Transit                                                       | CUSIP: 235241TU0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1264916.40   | 0.12%             | 2030-12-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137B9S55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    373939 | PA      | $352738.87    | 0.03%             | 2043-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967MW8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4726000 | PA      | $4654099.82   | 0.45%             | 2025-05-01      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL              | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64971W5E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2467622.85   | 0.24%             | 2028-02-01      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust              | MASTR Alternative Loan Trust 2004-13                                            | CUSIP: 576434ZS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    218950 | PA      | $160897.04    | 0.02%             | 2035-01-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp                                                                | CUSIP: 403949AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2149000 | PA      | $2153022.39   | 0.21%             | 2026-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac Pool                                                                | CUSIP: 3133KYTE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4983711 | PA      | $4531368.01   | 0.44%             | 2040-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2014-CCRE20 Mortgage Trust                                                 | CUSIP: 12592LBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1643000 | PA      | $1584764.03   | 0.15%             | 2047-11-10      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QEAB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7350926 | PA      | $6045008.84   | 0.59%             | 2050-07-01      | Fixed         | 2.00%                 | 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