# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027792
**Filing Date:** 2025-11
**Character Count:** 178049
**Document Hash:** abb37d1c3cb4f8687768f6654d5406fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027792.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027792

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08090
- **FILM NUMBER:** 251504984

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### LVIP Macquarie Diversified Floating Rate Fund (Series ID: S000028581)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000087494 | Standard Class |  |
| C000087495 | Service Class  |  |

## Nport-Ex

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>| **Value** <br>**(U.S. $)**<br>|
| **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–2.04%** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–2.04%** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–2.04%** |
| •Federal Home Loan Mortgage Corp. STACR REMICS Trust | •Federal Home Loan Mortgage Corp. STACR REMICS Trust | •Federal Home Loan Mortgage Corp. STACR REMICS Trust |
| &nbsp;&nbsp;&nbsp; Series 2023-HQA3 Class A1 <br> 6.21% (30 day USD SOFR <br> Average + 1.85%) 11/25/43<br>| 2659494 | $2689651 |
| &nbsp;&nbsp;&nbsp; Series 2024-DNA3 Class M1 <br> 5.36% (30 day USD SOFR <br> Average + 1.00%) 10/25/44<br>| 691993 | 691887 |
| &nbsp;&nbsp;&nbsp; Series 2025-DNA2 Class M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 5/25/45<br>| 605000 | 605394 |
| &nbsp;&nbsp;&nbsp; Series 2025-DNA3 Class M2 <br> 5.87% (30 day USD SOFR <br> Average + 1.50%) 9/25/45<br>| 730000 | 730456 |
| &nbsp;&nbsp;&nbsp; Series 2025-HQA1 Class M2 <br> 6.01% (30 day USD SOFR <br> Average + 1.65%) 2/25/45<br>| 800000 | 803021 |
| &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust | &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust | &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust |
| &nbsp;&nbsp;&nbsp; Series 2023-R07 Class 2M1 <br> 6.31% (30 day USD SOFR <br> Average + 1.95%) 9/25/43<br>| 2013595 | 2023612 |
| &nbsp;&nbsp;&nbsp; Series 2023-R08 Class 1M1 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 10/25/43<br>| 1120500 | 1124500 |
| &nbsp;&nbsp;&nbsp; Series 2024-R04 Class 1A1 <br> 5.36% (30 day USD SOFR <br> Average + 1.00%) 5/25/44<br>| 1819464 | 1822284 |
| &nbsp;&nbsp;&nbsp; Series 2025-R01 Class 1M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 1/25/45<br>| 1670000 | 1672432 |
| &nbsp;&nbsp;&nbsp; Series 2025-R02 Class 1M2 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 2/25/45<br>| 1570000 | 1573383 |
| &nbsp;&nbsp;&nbsp; Series 2025-R03 Class 2M1 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 3/25/45<br>| 146793 | 147635 |
| &nbsp;&nbsp;&nbsp; Series 2025-R04 Class 1M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 5/25/45<br>| 1445000 | 1444994 |
| &nbsp;&nbsp;&nbsp; Series 2025-R05 Class 2M2 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 7/25/45<br>| 710000 | 711165 |
| **Total Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $15,981,895)** | **Total Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $15,981,895)** | **16040414** |
| **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.78%** | **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.78%** | **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.78%** |
| &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates |
| &nbsp;&nbsp;&nbsp; ♦Series K144 Class A2 2.45% <br> 4/25/32<br>| 1250000 | 1125389 |
| &nbsp;&nbsp;&nbsp; ♦•Series K-150 Class A2 3.71% <br> 9/25/32<br>| 1500000 | 1445308 |
| &nbsp;&nbsp;&nbsp; ♦•Series K-170 Class A2 5.00% <br> 2/25/35<br>| 2450000 | 2555532 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** <br> **(continued)** | **AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** <br> **(continued)** | **AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** <br> **(continued)** |
| &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates (continued) | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates (continued) | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates (continued) |
| &nbsp;&nbsp;&nbsp; ♦Series K753 Class A2 4.40% <br> 10/25/30<br>| 1000000 | $1014066 |
| **Total Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $6,016,115)** | **Total Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $6,016,115)** | **6140295** |
| **AGENCY MORTGAGE-BACKED SECURITIES–9.05%** | **AGENCY MORTGAGE-BACKED SECURITIES–9.05%** | **AGENCY MORTGAGE-BACKED SECURITIES–9.05%** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; 4.50% 5/1/38 | 6194097 | 6194263 |
| &nbsp;&nbsp; 4.50% 10/1/52 | 3416335 | 3329074 |
| &nbsp;&nbsp; 5.00% 6/1/53 | 8063459 | 8031996 |
| &nbsp;&nbsp; 5.50% 7/1/43 | 2434538 | 2482502 |
| &nbsp;&nbsp; 5.50% 11/1/52 | 2104777 | 2134607 |
| &nbsp;&nbsp; 6.00% 9/1/53 | 6156746 | 6307275 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 4.50% 10/1/52 | 4753501 | 4635522 |
| &nbsp;&nbsp; 5.50% 3/1/53 | 3898529 | 3947416 |
| &nbsp;&nbsp; 5.50% 2/1/55 | 17157161 | 17304988 |
| &nbsp;&nbsp; 6.00% 12/1/52 | 5426092 | 5581645 |
| &nbsp;&nbsp; 6.00% 6/1/53 | 1206241 | 1237340 |
| &nbsp;&nbsp; 6.00% 2/1/54 | 6903352 | 7069041 |
| &nbsp;&nbsp; Government National <br> Mortgage Association 5.00% <br> 9/20/52<br>| 3024943 | 3027118 |
| **Total Agency Mortgage-Backed Securities** <br>**(Cost $70,169,149)** | **Total Agency Mortgage-Backed Securities** <br>**(Cost $70,169,149)** | **71282787** |
| **CORPORATE BONDS–12.23%** | **CORPORATE BONDS–12.23%** | **CORPORATE BONDS–12.23%** |
| **Aerospace & Defense–0.20%** | **Aerospace & Defense–0.20%** | **Aerospace & Defense–0.20%** |
| Boeing Co. 6.39% 5/1/31 | 280000 | 304952 |
| Bombardier, Inc. |  |  |
| &nbsp;&nbsp; 7.00% 6/1/32 | 405000 | 423299 |
| &nbsp;&nbsp; 7.25% 7/1/31 | 405000 | 429313 |
| TransDigm, Inc. 6.63% 3/1/32 | 405000 | 416966 |
|  |  | **1574530** |
| **Agriculture–0.18%** | **Agriculture–0.18%** | **Agriculture–0.18%** |
| &nbsp;&nbsp; Bunge Ltd. Finance Corp. <br> 4.20% 9/17/29<br>| 1445000 | 1440041 |
|  |  | **1440041** |
| **Apparel–0.25%** | **Apparel–0.25%** | **Apparel–0.25%** |
| &nbsp;&nbsp; Gildan Activewear, Inc. 4.70% <br> 10/7/30<br>| 1980000 | 1977013 |
|  |  | **1977013** |
| **Auto Manufacturers–0.08%** | **Auto Manufacturers–0.08%** | **Auto Manufacturers–0.08%** |
| &nbsp;&nbsp; General Motors Financial Co., <br> Inc.<br>|  |  |
| &nbsp;&nbsp; 5.60% 6/18/31 | 291000 | 301153 |
| &nbsp;&nbsp; 5.63% 4/4/32 | 360000 | 371558 |
|  |  | **672711** |

---

*LVIP Macquarie Diversified Floating Rate Fund–1*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Banks–4.55%** | **Banks–4.55%** | **Banks–4.55%** |
| μBank of America Corp. |  |  |
| &nbsp;&nbsp; 6.20% 11/10/28 | 1315000 | $1370360 |
| &nbsp;&nbsp; 6.25% 7/26/30 | 1400000 | 1417887 |
| &nbsp;&nbsp; 6.63% 5/1/30 | 575000 | 598281 |
| Citibank NA 5.44% 4/30/26 | 595000 | 599021 |
| μCitigroup, Inc. |  |  |
| &nbsp;&nbsp; 4.50% 9/11/31 | 1185000 | 1185641 |
| &nbsp;&nbsp; 6.75% 2/15/30 | 915000 | 928968 |
| &nbsp;&nbsp; 6.88% 8/15/30 | 505000 | 520431 |
| &nbsp;&nbsp; μCredit Agricole SA 4.82% <br> 9/25/33<br>| 1315000 | 1306918 |
| μDeutsche Bank AG |  |  |
| &nbsp;&nbsp; 5.30% 5/9/31 | 730000 | 747785 |
| &nbsp;&nbsp; 6.82% 11/20/29 | 252000 | 269554 |
| &nbsp;&nbsp; 7.15% 7/13/27 | 640000 | 653697 |
| &nbsp;&nbsp; μFirst Citizens BancShares, <br> Inc. 5.60% 9/5/35<br>| 228000 | 227398 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; •5.00% (1 day USD SOFR + <br> 0.81%) 3/9/27<br>| 2705000 | 2707890 |
| μ6.48% 10/24/29 | 1085000 | 1154635 |
| &nbsp;&nbsp; μHuntington Bancshares, Inc. <br> 6.25% 10/15/30<br>| 710000 | 708130 |
| μJPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp; 5.10% 4/22/31 | 975000 | 1007292 |
| &nbsp;&nbsp; 5.14% 1/24/31 | 670000 | 691930 |
| &nbsp;&nbsp; 5.57% 4/22/28 | 850000 | 868565 |
| &nbsp;&nbsp; 5.57% 4/22/36 | 297000 | 313045 |
| &nbsp;&nbsp; 5.58% 7/23/36 | 750000 | 777511 |
| μMorgan Stanley |  |  |
| &nbsp;&nbsp; 6.14% 10/16/26 | 4755000 | 4758027 |
| &nbsp;&nbsp; 6.41% 11/1/29 | 1005000 | 1068180 |
| &nbsp;&nbsp; μMorgan Stanley Private Bank <br> NA 4.73% 7/18/31<br>| 480000 | 487168 |
| &nbsp;&nbsp; μNatWest Group PLC 5.12% <br> 5/23/31<br>| 365000 | 374266 |
| &nbsp;&nbsp; μNordea Bank Abp 6.75% <br> 11/10/33<br>| 580000 | 588407 |
| μPNC Bank NA 4.43% 7/21/28 | 2270000 | 2281491 |
| Popular, Inc. 7.25% 3/13/28 | 555000 | 579837 |
| &nbsp;&nbsp; μSociete Generale SA 5.44% <br> 10/3/36<br>| 1065000 | 1065000 |
| &nbsp;&nbsp; μToronto-Dominion Bank <br> 6.35% 10/31/85<br>| 510000 | 511275 |
| &nbsp;&nbsp; μTruist Financial Corp. 1.89% <br> 6/7/29<br>| 810000 | 763331 |
| μU.S. Bancorp |  |  |
| &nbsp;&nbsp; 5.05% 2/12/31 | 895000 | 917941 |
| &nbsp;&nbsp; 5.73% 10/21/26 | 175000 | 175118 |
| &nbsp;&nbsp; 6.79% 10/26/27 | 435000 | 446654 |
| μUBS Group AG |  |  |
| &nbsp;&nbsp; 4.40% 9/23/31 | 500000 | 498304 |
| &nbsp;&nbsp; 5.01% 3/23/37 | 1055000 | 1049913 |
| μWells Fargo & Co. |  |  |
| &nbsp;&nbsp; 4.08% 9/15/29 | 600000 | 598129 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp; μWells Fargo & <br> Co. (continued)<br>|  |  |
| &nbsp;&nbsp; 4.89% 9/15/36 | 1575000 | $1571852 |
| &nbsp;&nbsp; 5.15% 4/23/31 | 60000 | 61878 |
|  |  | **35851710** |
| **Building Materials–0.05%** | **Building Materials–0.05%** | **Building Materials–0.05%** |
| &nbsp;&nbsp; Standard Building Solutions, <br> Inc. 6.25% 8/1/33<br>| 422000 | 427649 |
|  |  | **427649** |
| **Commercial Services–0.25%** | **Commercial Services–0.25%** | **Commercial Services–0.25%** |
| Block, Inc. 6.00% 8/15/33 | 862000 | 882722 |
| &nbsp;&nbsp; Quanta Services, Inc. 4.30% <br> 8/9/28<br>| 1075000 | 1080073 |
|  |  | **1962795** |
| **Computers–0.17%** | **Computers–0.17%** | **Computers–0.17%** |
| &nbsp;&nbsp; Amentum Holdings, Inc. <br> 7.25% 8/1/32<br>| 810000 | 841077 |
| Leidos, Inc. 5.40% 3/15/32 | 460000 | 477886 |
|  |  | **1318963** |
| **Distribution/Wholesale–0.04%** | **Distribution/Wholesale–0.04%** | **Distribution/Wholesale–0.04%** |
| &nbsp;&nbsp; Resideo Funding, Inc. 6.50% <br> 7/15/32<br>| 306000 | 313621 |
|  |  | **313621** |
| **Diversified Financial Services–1.46%** | **Diversified Financial Services–1.46%** | **Diversified Financial Services–1.46%** |
| &nbsp;&nbsp; AerCap Ireland Capital <br> DAC/AerCap Global Aviation <br> Trust<br>|  |  |
| &nbsp;&nbsp; 2.45% 10/29/26 | 630000 | 618965 |
| &nbsp;&nbsp; 3.65% 7/21/27 | 1530000 | 1516296 |
| &nbsp;&nbsp; 4.63% 10/15/27 | 440000 | 443296 |
| Air Lease Corp. |  |  |
| μ4.13% 12/15/26 | 550000 | 531586 |
| &nbsp;&nbsp; 4.63% 10/1/28 | 4000 | 4019 |
| &nbsp;&nbsp; 5.10% 3/1/29 | 3000 | 3046 |
| &nbsp;&nbsp; Aviation Capital Group LLC <br> 4.80% 10/24/30<br>| 780000 | 779286 |
| &nbsp;&nbsp; Avolon Holdings Funding Ltd. <br> 4.95% 1/15/28<br>| 635000 | 641375 |
| &nbsp;&nbsp; CrossCountry Intermediate <br> HoldCo LLC 6.50% 10/1/30<br>| 2000000 | 2007359 |
| &nbsp;&nbsp; Jefferies Financial Group, <br> Inc.<br>|  |  |
| &nbsp;&nbsp; 2.63% 10/15/31 | 405000 | 360216 |
| &nbsp;&nbsp; 5.88% 7/21/28 | 1123000 | 1169222 |
| &nbsp;&nbsp; OneMain Finance Corp. 7.13% <br> 9/15/32<br>| 1535000 | 1585713 |
| &nbsp;&nbsp; PennyMac Financial Services, <br> Inc. 6.88% 5/15/32<br>| 1545000 | 1600924 |

---

*LVIP Macquarie Diversified Floating Rate Fund–2*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| &nbsp;&nbsp; Rocket Cos., Inc. 6.38% <br> 8/1/33<br>| 203000 | $209519 |
|  |  | **11470822** |
| **Electric–0.24%** | **Electric–0.24%** | **Electric–0.24%** |
| &nbsp;&nbsp; μAmerican Electric Power Co., <br> Inc. 5.80% 3/15/56<br>| 715000 | 712494 |
| &nbsp;&nbsp; Black Hills Corp. 4.55% <br> 1/31/31<br>| 615000 | 614971 |
| &nbsp;&nbsp; μDominion Energy, Inc. 6.20% <br> 2/15/56<br>| 535000 | 538501 |
|  |  | **1865966** |
| **Entertainment–0.10%** | **Entertainment–0.10%** | **Entertainment–0.10%** |
| &nbsp;&nbsp; Caesars Entertainment, Inc. <br> 6.50% 2/15/32<br>| 810000 | 826190 |
|  |  | **826190** |
| **Food–0.07%** | **Food–0.07%** | **Food–0.07%** |
| Sysco Corp. 5.10% 9/23/30 | 555000 | 572205 |
|  |  | **572205** |
| **Health Care Services–0.06%** | **Health Care Services–0.06%** | **Health Care Services–0.06%** |
| &nbsp;&nbsp; Global Medical Response, <br> Inc. 7.38% 10/1/32<br>| 448000 | 461131 |
|  |  | **461131** |
| **Insurance–0.35%** | **Insurance–0.35%** | **Insurance–0.35%** |
| &nbsp;&nbsp; Chubb INA Holdings LLC <br> 4.90% 8/15/35<br>| 710000 | 714221 |
| &nbsp;&nbsp; New York Life Global Funding <br> 5.45% 9/18/26<br>| 1215000 | 1232152 |
| &nbsp;&nbsp; μSumitomo Life Insurance Co. <br> 5.88% 9/10/55<br>| 780000 | 794123 |
|  |  | **2740496** |
| **Investment Companies–0.23%** | **Investment Companies–0.23%** | **Investment Companies–0.23%** |
| &nbsp;&nbsp; Apollo Debt Solutions BDC <br> 6.70% 7/29/31<br>| 375000 | 397429 |
| &nbsp;&nbsp; ARES Capital Corp. 5.10% <br> 1/15/31<br>| 790000 | 784302 |
| &nbsp;&nbsp; Blackstone Private Credit <br> Fund 5.05% 9/10/30<br>| 610000 | 602902 |
|  |  | **1784633** |
| **Iron & Steel–0.10%** | **Iron & Steel–0.10%** | **Iron & Steel–0.10%** |
| &nbsp;&nbsp; Cleveland-Cliffs, Inc. 7.00% <br> 3/15/32<br>| 810000 | 818072 |
|  |  | **818072** |
| **Media–0.39%** | **Media–0.39%** | **Media–0.39%** |
| &nbsp;&nbsp; Midcontinent <br> Communications 8.00% <br> 8/15/32<br>| 830000 | 855151 |
| &nbsp;&nbsp; Sirius XM Radio LLC 4.13% <br> 7/1/30<br>| 930000 | 872256 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp; Time Warner Cable LLC 6.55% <br> 5/1/37<br>| 1275000 | $1326334 |
|  |  | **3053741** |
| **Mining–0.26%** | **Mining–0.26%** | **Mining–0.26%** |
| Fortescue Treasury Pty. Ltd. |  |  |
| &nbsp;&nbsp; 5.88% 4/15/30 | 415000 | 425323 |
| &nbsp;&nbsp; 6.13% 4/15/32 | 415000 | 428841 |
| &nbsp;&nbsp; Rio Tinto Finance USA PLC <br> 4.50% 3/14/28<br>| 1150000 | 1162613 |
|  |  | **2016777** |
| **Office Business Equipment–0.12%** | **Office Business Equipment–0.12%** | **Office Business Equipment–0.12%** |
| &nbsp;&nbsp; CDW LLC/CDW Finance Corp. <br> 3.28% 12/1/28<br>| 965000 | 932142 |
|  |  | **932142** |
| **Oil & Gas–0.33%** | **Oil & Gas–0.33%** | **Oil & Gas–0.33%** |
| &nbsp;&nbsp; EOG Resources, Inc. 5.00% <br> 7/15/32<br>| 1491000 | 1525582 |
| &nbsp;&nbsp; Exxon Mobil Corp. 2.28% <br> 8/16/26<br>| 310000 | 305894 |
| &nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp <br> Finance Co.<br>|  |  |
| &nbsp;&nbsp; 6.00% 2/1/31 | 425000 | 409301 |
| &nbsp;&nbsp; 6.25% 4/15/32 | 405000 | 388536 |
|  |  | **2629313** |
| **Pharmaceuticals–0.06%** | **Pharmaceuticals–0.06%** | **Pharmaceuticals–0.06%** |
| &nbsp;&nbsp; CVS Health Corp. 5.00% <br> 9/15/32<br>| 485000 | 490935 |
|  |  | **490935** |
| **Pipelines–0.77%** | **Pipelines–0.77%** | **Pipelines–0.77%** |
| Enbridge, Inc. 4.90% 6/20/30 | 480000 | 490866 |
| μEnergy Transfer LP |  |  |
| &nbsp;&nbsp; 6.50% 2/15/56 | 1370000 | 1363578 |
| &nbsp;&nbsp; 6.75% 2/15/56 | 1405000 | 1402468 |
| ONEOK, Inc. 5.65% 11/1/28 | 310000 | 321471 |
| &nbsp;&nbsp; Targa Resources <br> Partners LP/Targa <br> Resources Partners Finance <br> Corp. 5.00% 1/15/28<br>| 1645000 | 1646838 |
| &nbsp;&nbsp; Venture Global Calcasieu <br> Pass LLC 3.88% 11/1/33<br>| 925000 | 833448 |
|  |  | **6058669** |
| **Private Equity–0.25%** | **Private Equity–0.25%** | **Private Equity–0.25%** |
| &nbsp;&nbsp; Brookfield Finance, Inc. <br> 5.33% 1/15/36<br>| 1165000 | 1171150 |
| KKR & Co., Inc. 5.10% 8/7/35 | 780000 | 781410 |
|  |  | **1952560** |
| **Real Estate Investment Trusts–0.49%** | **Real Estate Investment Trusts–0.49%** | **Real Estate Investment Trusts–0.49%** |
| &nbsp;&nbsp; Crown Castle, Inc. 1.05% <br> 7/15/26<br>| 3025000 | 2949619 |

---

*LVIP Macquarie Diversified Floating Rate Fund–3*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp; Simon Property Group LP <br> 4.38% 10/1/30<br>| 890000 | $892036 |
|  |  | **3841655** |
| **Retail–0.15%** | **Retail–0.15%** | **Retail–0.15%** |
| &nbsp;&nbsp; Lowe's Cos., Inc. 4.25% <br> 3/15/31<br>| 765000 | 760049 |
| &nbsp;&nbsp; QXO Building Products, Inc. <br> 6.75% 4/30/32<br>| 379000 | 392415 |
|  |  | **1152464** |
| **Semiconductors–0.22%** | **Semiconductors–0.22%** | **Semiconductors–0.22%** |
| Entegris, Inc. 4.75% 4/15/29 | 740000 | 733653 |
| &nbsp;&nbsp; Foundry JV Holdco LLC 6.10% <br> 1/25/36<br>| 935000 | 993346 |
|  |  | **1726999** |
| **Software–0.10%** | **Software–0.10%** | **Software–0.10%** |
| Oracle Corp. |  |  |
| &nbsp;&nbsp; 4.45% 9/26/30 | 605000 | 604703 |
| &nbsp;&nbsp; 5.80% 11/10/25 | 190000 | 190268 |
|  |  | **794971** |
| **Telecommunications–0.71%** | **Telecommunications–0.71%** | **Telecommunications–0.71%** |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp; 1.70% 3/25/26 | 3790000 | 3745410 |
| &nbsp;&nbsp; 2.30% 6/1/27 | 510000 | 494931 |
| Softbank Corp. 4.70% 7/9/30 | 1350000 | 1360299 |
|  |  | **5600640** |
| **Total Corporate Bonds** <br>**(Cost $95,366,288)** | **Total Corporate Bonds** <br>**(Cost $95,366,288)** | **96329414** |
| **LOAN AGREEMENTS–4.11%** | **LOAN AGREEMENTS–4.11%** | **LOAN AGREEMENTS–4.11%** |
| &nbsp;&nbsp; •Alliance Laundry <br> Systems LLC 6.39% (1 mo. <br> USD Term SOFR + 2.25%) <br> 8/19/31<br>| 701205 | 700244 |
| &nbsp;&nbsp; •Amentum Government <br> Services Holdings LLC 6.41% <br> (1 mo. USD Term SOFR + <br> 2.25%) 9/29/31<br>| 1199999 | 1198572 |
| &nbsp;&nbsp; •AmWINS Group, Inc. 6.25% (3 <br> mo. USD Term SOFR + <br> 2.25%) 1/30/32<br>| 2084250 | 2082874 |
| &nbsp;&nbsp; •Ardonagh Midco 3 PLC 6.95% <br> (6 mo. USD Term SOFR + <br> 2.75%) 2/15/31<br>| 995006 | 989205 |
| &nbsp;&nbsp; •Avantor Funding, Inc. 6.26% <br> (1 mo. USD Term SOFR + <br> 2.00%) 11/8/27<br>| 77721 | 78012 |
| &nbsp;&nbsp; •Azorra Soar TLB Finance Ltd. <br> 6.79% (3 mo. USD Term <br> SOFR + 2.75%) 10/18/29<br>| 394152 | 394152 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **LOAN AGREEMENTS (continued)** | **LOAN AGREEMENTS (continued)** | **LOAN AGREEMENTS (continued)** |
| &nbsp;&nbsp; •Calpine Corp. 5.91% (1 mo. <br> USD Term SOFR + 1.75%) <br> 1/31/31<br>| 2042000 | $2039591 |
| &nbsp;&nbsp; •Celsius Holdings, Inc. 7.29% <br> (3 mo. USD Term SOFR + <br> 3.00%) 4/1/32<br>| 1496250 | 1497657 |
| &nbsp;&nbsp; •Charter Communications <br> Operating LLC 6.54% (3 mo. <br> USD Term SOFR + 2.25%) <br> 12/15/31<br>| 1681779 | 1680938 |
| Clydesdale Acquisition Holdings, Inc. | Clydesdale Acquisition Holdings, Inc. | Clydesdale Acquisition Holdings, Inc. |
| ✠0.00% 4/1/32 | 18899 | 18865 |
| &nbsp;&nbsp;&nbsp; •7.41% (1 mo. USD Term <br> SOFR + 3.25%) 4/1/32<br>| 1078397 | 1076445 |
| &nbsp;&nbsp; •Colossus Acquireco LLC <br> 5.87% (3 mo. USD Term <br> SOFR + 1.75%) 7/30/32<br>| 750000 | 745193 |
| &nbsp;&nbsp; •Cotiviti Corp. 7.03% (1 mo. <br> USD Term SOFR + 2.75%) <br> 5/1/31<br>| 1488722 | 1460808 |
| &nbsp;&nbsp; •Dragon Buyer, Inc. 6.75% (3 <br> mo. USD Term SOFR + <br> 2.75%) 9/30/31<br>| 788015 | 788322 |
| &nbsp;&nbsp; •Flutter Financing BV 5.75% (3 <br> mo. USD Term SOFR + <br> 1.75%) 11/30/30<br>| 1965000 | 1956649 |
| &nbsp;&nbsp; •Instructure Holdings, Inc. <br> 6.75% (3 mo. USD Term <br> SOFR + 2.75%) 11/13/31<br>| 710000 | 708779 |
| June Purchaser LLC | June Purchaser LLC | June Purchaser LLC |
| ✠0.00% 11/28/31 | 214286 | 214821 |
| &nbsp;&nbsp;&nbsp; •7.00% (3 mo. USD Term <br> SOFR + 3.00%) 11/28/31<br>| 1279286 | 1282484 |
| &nbsp;&nbsp; •Lightning Power LLC 6.25% <br> (3 mo. USD Term SOFR + <br> 2.25%) 8/18/31<br>| 1488722 | 1486682 |
| &nbsp;&nbsp; •Opal Bidco SAS 7.25% (3 mo. <br> USD Term SOFR + 3.25%) <br> 4/28/32<br>| 1500000 | 1503000 |
| &nbsp;&nbsp; •Quikrete Holdings, Inc. 6.41% <br> (1 mo. USD Term SOFR + <br> 2.25%) 4/14/31<br>| 992500 | 991934 |
| &nbsp;&nbsp; •Roper Industrial Products <br> Investment Co. LLC 6.75% <br> (3 mo. USD Term SOFR + <br> 2.75%) 11/22/29<br>| 1488750 | 1490001 |
| &nbsp;&nbsp; •SPX Flow, Inc. 6.91% (1 mo. <br> USD Term SOFR + 2.75%) <br> 4/5/29<br>| 1000000 | 1003750 |
| &nbsp;&nbsp; •Standard Industries, Inc. <br> 5.89% (1 mo. USD Term <br> SOFR + 1.75%) 9/22/28<br>| 577837 | 578444 |
| &nbsp;&nbsp; •Stonepeak Nile Parent LLC <br> 7.08% (3 mo. USD Term <br> SOFR + 2.75%) 4/9/32<br>| 1500000 | 1498875 |

---

*LVIP Macquarie Diversified Floating Rate Fund–4*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **LOAN AGREEMENTS (continued)** | **LOAN AGREEMENTS (continued)** | **LOAN AGREEMENTS (continued)** |
| &nbsp;&nbsp; •Trans Union LLC 5.91% (1 mo. <br> USD Term SOFR + 1.75%) <br> 6/24/31<br>| 1975000 | $1973084 |
| &nbsp;&nbsp; •UKG, Inc. 6.81% (3 mo. USD <br> Term SOFR + 2.50%) <br> 2/10/31<br>| 905980 | 904812 |
| ∞Valvoline, Inc. 0.00% 3/19/32 | 1000000 | 1002920 |
| &nbsp;&nbsp; •Vistra Operations Co. LLC <br> 5.91% (1 mo. USD Term <br> SOFR + 1.75%) 12/20/30<br>| 992424 | 993208 |
| **Total Loan Agreements** <br>**(Cost $32,293,254)** | **Total Loan Agreements** <br>**(Cost $32,293,254)** | **32340321** |
| **MUNICIPAL BOND–0.19%** | **MUNICIPAL BOND–0.19%** | **MUNICIPAL BOND–0.19%** |
| &nbsp;&nbsp; Public Finance Authority (SR <br> 400 Peach Partners) Series <br> 2025 6.50% 12/31/65<br>| 1330000 | 1455046 |
| **Total Municipal Bond** <br>**(Cost $1,365,599)** | **Total Municipal Bond** <br>**(Cost $1,365,599)** | **1455046** |
| **NON-AGENCY ASSET-BACKED SECURITIES–10.30%** | **NON-AGENCY ASSET-BACKED SECURITIES–10.30%** | **NON-AGENCY ASSET-BACKED SECURITIES–10.30%** |
| &nbsp;&nbsp; •AGL CLO 17 Ltd. Series <br> 2022-17A Class AR 5.28% (3 <br> mo. USD Term SOFR + <br> 0.95%) 1/21/35<br>| 1550000 | 1550335 |
| &nbsp;&nbsp; •AIMCO CLO 15 Ltd. Series <br> 2021-15A Class D1R 7.07% (3 <br> mo. USD Term SOFR + <br> 2.75%) 4/17/38<br>| 550000 | 557088 |
| &nbsp;&nbsp; ARI Fleet Lease Trust Series <br> 2024-B Class A2 5.54% <br> 4/15/33<br>| 4969840 | 5009457 |
| &nbsp;&nbsp; •Bain Capital Credit CLO Ltd. <br> Series 2021-7A Class A1R <br> 5.31% (3 mo. USD Term <br> SOFR + 0.98%) 1/22/35<br>| 800000 | 800315 |
| &nbsp;&nbsp; •Ballyrock CLO 18 Ltd. Series <br> 2021-18A Class C1R 7.17% (3 <br> mo. USD Term SOFR + <br> 2.85%) 4/15/38<br>| 650000 | 653932 |
| &nbsp;&nbsp; •Ballyrock CLO 27 Ltd. Series <br> 2024-27A Class A1A 5.67% (3 <br> mo. USD Term SOFR + <br> 1.35%) 10/25/37<br>| 1250000 | 1253506 |
| &nbsp;&nbsp; •Canyon Capital CLO Ltd. <br> Series 2019-2A Class AR2 <br> 5.33% (3 mo. USD Term <br> SOFR + 1.01%) 10/15/34<br>| 850000 | 850171 |
| &nbsp;&nbsp; •Canyon CLO Ltd. Series <br> 2020-2A Class AR2 5.35% (3 <br> mo. USD Term SOFR + <br> 1.03%) 10/15/34<br>| 1150000 | 1143500 |
| &nbsp;&nbsp; •Carlyle Global Market <br> Strategies CLO Ltd. Series <br> 2014-2RA Class A1 5.52% (3 <br> mo. USD Term SOFR + <br> 1.31%) 5/15/31<br>| 150072 | 150112 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; Chase Issuance Trust Series <br> 2024-A1 Class A 4.60% <br> 1/15/29<br>| 4480000 | $4522417 |
| &nbsp;&nbsp; •CIFC Funding Ltd. Series <br> 2025-1A Class D1 6.78% (3 <br> mo. USD Term SOFR + <br> 2.50%) 4/23/38<br>| 550000 | 551734 |
| CNH Equipment Trust | CNH Equipment Trust | CNH Equipment Trust |
| &nbsp;&nbsp;&nbsp; Series 2024-A Class A2 5.19% <br> 7/15/27<br>| 298554 | 298667 |
| &nbsp;&nbsp;&nbsp; •Series 2024-B Class A2B <br> 4.77% (30 day USD SOFR <br> Average + 0.40%) 10/15/27<br>| 2286000 | 2286944 |
| &nbsp;&nbsp; Dell Equipment Finance <br> Trust Series 2023-1 Class A3 <br> 5.65% 9/22/28<br>| 1009035 | 1010537 |
| &nbsp;&nbsp; •Dryden 109 CLO Ltd. Series <br> 2022-109A Class DR 7.02% (3 <br> mo. USD Term SOFR + <br> 2.70%) 4/15/38<br>| 550000 | 550821 |
| &nbsp;&nbsp; •Elmwood CLO 22 Ltd. Series <br> 2023-1A Class D1R 7.12% (3 <br> mo. USD Term SOFR + <br> 2.80%) 4/17/38<br>| 550000 | 553839 |
| &nbsp;&nbsp; Enterprise Fleet <br> Financing LLC Series 2022-4 <br> Class A2 5.76% 10/22/29<br>| 878452 | 882665 |
| &nbsp;&nbsp; Ford Credit Auto Lease Trust <br> Series 2024-A Class A3 5.06% <br> 5/15/27<br>| 68885 | 69056 |
| &nbsp;&nbsp; Ford Credit Floorplan Master <br> Owner Trust A Series 2024-1 <br> Class A1 5.29% 4/15/29<br>| 8000000 | 8151295 |
| &nbsp;&nbsp; •Generate CLO 10 Ltd. Series <br> 2022-10A Class D1R 7.18% (3 <br> mo. USD Term SOFR + <br> 2.85%) 1/22/38<br>| 1200000 | 1201181 |
| &nbsp;&nbsp; Huntington Auto Trust Series <br> 2024-1A Class A3 5.23% <br> 1/16/29<br>| 10000000 | 10110589 |
| &nbsp;&nbsp; Hyundai Auto Lease <br> Securitization Trust Series <br> 2024-A Class A3 5.02% <br> 3/15/27<br>| 4727418 | 4740645 |
| &nbsp;&nbsp; •ICG U.S. CLO Ltd. Series <br> 2014-1A Class A1A2 5.79% (3 <br> mo. USD Term SOFR + <br> 1.46%) 10/20/34<br>| 2000000 | 2002256 |
| &nbsp;&nbsp; •Madison Park Funding XXVII <br> Ltd. Series 2018-27A <br> Class D1R 7.18% (3 mo. USD <br> Term SOFR + 2.85%) <br> 4/20/38<br>| 550000 | 556733 |
| &nbsp;&nbsp; •Magnetite XL Ltd. Series <br> 2024-40A Class A1 5.77% (3 <br> mo. USD Term SOFR + <br> 1.45%) 7/15/37<br>| 2000000 | 2008716 |

---

*LVIP Macquarie Diversified Floating Rate Fund–5*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; •Magnetite XLV Ltd. Series <br> 2025-45A Class D1 6.79% (3 <br> mo. USD Term SOFR + <br> 2.50%) 4/15/38<br>| 550000 | $551653 |
| &nbsp;&nbsp; •Marathon CLO Ltd. Series <br> 2021-16A Class A1AR 5.43% <br> (3 mo. USD Term SOFR + <br> 1.11%) 4/15/34<br>| 2000000 | 2001022 |
| &nbsp;&nbsp; •Mercedes-Benz Auto Lease <br> Trust Series 2024-A <br> Class A2B 4.79% (30 day <br> USD SOFR Average + 0.42%) <br> 2/16/27<br>| 2728167 | 2729293 |
| &nbsp;&nbsp; •Neuberger Berman CLO XX <br> Ltd. Series 2015-20A <br> Class D1R3 6.97% (3 mo. <br> USD Term SOFR + 2.65%) <br> 4/15/39<br>| 250000 | 251754 |
| &nbsp;&nbsp; •Oaktree CLO Ltd. Series <br> 2020-1A Class D1RR 6.92% <br> (3 mo. USD Term SOFR + <br> 2.60%) 1/15/38<br>| 500000 | 500349 |
| &nbsp;&nbsp; •Octagon Investment Partners <br> 51 Ltd. Series 2021-1A <br> Class AR 5.32% (3 mo. USD <br> Term SOFR + 0.99%) <br> 7/20/34<br>| 1700000 | 1702088 |
| &nbsp;&nbsp; •OHA Credit Partners VII Ltd. <br> Series 2012-7A Class D1R4 <br> 6.70% (3 mo. USD Term <br> SOFR + 2.50%) 2/20/38<br>| 550000 | 546487 |
| &nbsp;&nbsp; PFS Financing Corp. Series <br> 2024-B Class A 4.95% <br> 2/15/29<br>| 5000000 | 5058886 |
| &nbsp;&nbsp; Santander Drive Auto <br> Receivables Trust Series <br> 2025-1 Class D 5.43% <br> 3/17/31<br>| 2350000 | 2385022 |
| &nbsp;&nbsp; •Signal Peak CLO 5 Ltd. Series <br> 2018-5A Class A1R 5.87% (3 <br> mo. USD Term SOFR + <br> 1.55%) 4/25/37<br>| 500000 | 501723 |
| &nbsp;&nbsp; •Steele Creek CLO Ltd. Series <br> 2017-1A Class A 5.83% (3 <br> mo. USD Term SOFR + <br> 1.51%) 10/15/30<br>| 135051 | 135089 |
| &nbsp;&nbsp; •TCW CLO Ltd. Series 2019-2A <br> Class D1R2 7.33% (3 mo. <br> USD Term SOFR + 3.00%) <br> 1/20/38<br>| 500000 | 497913 |
| Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust |
| &nbsp;&nbsp;&nbsp; Series 2024-A Class A3 4.83% <br> 10/16/28<br>| 1000000 | 1006666 |
| &nbsp;&nbsp;&nbsp; Series 2024-B Class A3 5.33% <br> 1/16/29<br>| 3500000 | 3553282 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; •Venture 42 CLO Ltd. Series <br> 2021-42A Class A1A 5.71% (3 <br> mo. USD Term SOFR + <br> 1.39%) 4/15/34<br>| 1500000 | $1500954 |
| &nbsp;&nbsp; •Volkswagen Auto Loan <br> Enhanced Trust Series <br> 2023-2 Class A2B 5.02% (30 <br> day USD SOFR Average + <br> 0.63%) 3/22/27<br>| 542552 | 542711 |
| &nbsp;&nbsp; Wheels Fleet Lease Funding 1 <br> LLC Series 2024-3A Class A1 <br> 4.80% 9/19/39<br>| 3868049 | 3906165 |
| &nbsp;&nbsp; •Zais CLO 16 Ltd. Series <br> 2020-16A Class A1R2 5.46% <br> (3 mo. USD Term SOFR + <br> 1.13%) 10/20/34<br>| 2300000 | 2300225 |
| **Total Non-Agency Asset-Backed Securities** <br>**(Cost $80,563,445)** | **Total Non-Agency Asset-Backed Securities** <br>**(Cost $80,563,445)** | **81137793** |
| **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATION–0.02%** | **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATION–0.02%** | **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATION–0.02%** |
| &nbsp;&nbsp; •Radnor Re Ltd. Series 2024-1 <br> Class M1B 7.26% (30 day <br> USD SOFR Average + 2.90%) <br> 9/25/34<br>| 150000 | 151580 |
| **Total Non-Agency Collateralized Mortgage** <br> **Obligation** <br>**(Cost $150,000)** | **Total Non-Agency Collateralized Mortgage** <br> **Obligation** <br>**(Cost $150,000)** | **151580** |
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–6.93%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–6.93%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–6.93%** |
| &nbsp;&nbsp; •1301 Trust Series 2025-1301 <br> Class A 5.23% 8/11/42<br>| 6800000 | 6891818 |
| &nbsp;&nbsp; Bank Series 2020-BN25 <br> Class A5 2.65% 1/15/63<br>| 4000000 | 3687658 |
| &nbsp;&nbsp; BBCMS Mortgage Trust Series <br> 2020-C7 Class A5 2.04% <br> 4/15/53<br>| 2000000 | 1778830 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp;&nbsp; Series 2019-B15 Class A5 <br> 2.93% 12/15/72<br>| 5185000 | 4834346 |
| &nbsp;&nbsp;&nbsp; Series 2020-B17 Class A5 <br> 2.29% 3/15/53<br>| 8000000 | 7169977 |
| &nbsp;&nbsp;&nbsp; Series 2020-B18 Class A5 <br> 1.93% 7/15/53<br>| 2250000 | 1981292 |
| &nbsp;&nbsp;&nbsp; Series 2020-B19 Class A5 <br> 1.85% 9/15/53<br>| 5855000 | 5144680 |
| &nbsp;&nbsp;&nbsp; Series 2021-B24 Class A5 <br> 2.58% 3/15/54<br>| 2500000 | 2229460 |
| &nbsp;&nbsp;&nbsp; •Series 2022-B32 Class A5 <br> 3.00% 1/15/55<br>| 5000000 | 4448121 |
| &nbsp;&nbsp; Citigroup Commercial <br> Mortgage Trust Series <br> 2019-C7 Class A4 3.10% <br> 12/15/72<br>| 8000000 | 7568311 |

---

*LVIP Macquarie Diversified Floating Rate Fund–6*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES (continued)** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES (continued)** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES (continued)** |
| &nbsp;&nbsp; JPM-BB Commercial <br> Mortgage Securities Trust <br> Series 2015-C33 Class A4 <br> 3.77% 12/15/48<br>| 4197067 | $4186511 |
| &nbsp;&nbsp; •MAD Commercial Mortgage <br> Trust Series 2025-11MD <br> Class A 4.75% 10/15/42<br>| 2175000 | 2170697 |
| &nbsp;&nbsp; Wells Fargo Commercial <br> Mortgage Trust Series <br> 2021-C61 Class A4 2.66% <br> 11/15/54<br>| 2780000 | 2478706 |
| **Total Non-Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $60,208,968)** | **Total Non-Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $60,208,968)** | **54570407** |
| **ΔREGIONAL BONDS–2.73%** | **ΔREGIONAL BONDS–2.73%** | **ΔREGIONAL BONDS–2.73%** |
| **Canada—2.73%** | **Canada—2.73%** | **Canada—2.73%** |
| &nbsp;&nbsp; Province of British Columbia <br> Canada 4.20% 7/6/33<br>| 8500000 | 8440849 |
| &nbsp;&nbsp; Province of Manitoba Canada <br> 4.30% 7/27/33<br>| 8000000 | 7960212 |
| &nbsp;&nbsp; Province of Quebec Canada <br> 4.50% 4/3/29<br>| 5000000 | 5114461 |
|  |  | **21515522** |
| **Total Regional Bonds** <br>**(Cost $21,470,503)** | **Total Regional Bonds** <br>**(Cost $21,470,503)** | **21515522** |
| **ΔSOVEREIGN BONDS–2.38%** | **ΔSOVEREIGN BONDS–2.38%** | **ΔSOVEREIGN BONDS–2.38%** |
| **Australia—0.50%** | **Australia—0.50%** | **Australia—0.50%** |
| &nbsp;&nbsp; Export Finance & Insurance <br> Corp. 4.63% 10/26/27<br>| 3900000 | 3965899 |
|  |  | **3965899** |
| **Canada—1.88%** | **Canada—1.88%** | **Canada—1.88%** |
| &nbsp;&nbsp; OMERS Finance Trust 1.10% <br> 3/26/26<br>| 5000000 | 4929690 |
| &nbsp;&nbsp; Ontario Teachers' Finance <br> Trust 3.00% 4/13/27<br>| 10000000 | 9882027 |
|  |  | **14811717** |
| **Total Sovereign Bonds** <br>**(Cost $18,887,307)** | **Total Sovereign Bonds** <br>**(Cost $18,887,307)** | **18777616** |
| **SUPRANATIONAL BANKS–7.61%** | **SUPRANATIONAL BANKS–7.61%** | **SUPRANATIONAL BANKS–7.61%** |
| •Inter-American Development Bank | •Inter-American Development Bank | •Inter-American Development Bank |
| &nbsp;&nbsp;&nbsp; 4.47% (1 day USD SOFR <br> Index + 0.20%) 2/10/26<br>| 6000000 | 5999640 |
| &nbsp;&nbsp;&nbsp; 4.56% (1 day USD SOFR <br> Index + 0.30%) 2/15/29<br>| 10000000 | 9982700 |
| &nbsp;&nbsp;&nbsp; 4.56% (1 day USD SOFR <br> Index + 0.36%) 6/10/31<br>| 7000000 | 6967660 |
| •International Bank for Reconstruction & Development | •International Bank for Reconstruction & Development | •International Bank for Reconstruction & Development |
| &nbsp;&nbsp;&nbsp; 4.36% (1 day USD SOFR <br> Index + 0.18%) 6/15/26<br>| 12000000 | 12005040 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **SUPRANATIONAL BANKS (continued)** | **SUPRANATIONAL BANKS (continued)** | **SUPRANATIONAL BANKS (continued)** |
| •International Bank for Reconstruction & Development (continued) | •International Bank for Reconstruction & Development (continued) | •International Bank for Reconstruction & Development (continued) |
| &nbsp;&nbsp;&nbsp; 4.53% (1 day USD SOFR <br> Index + 0.29%) 11/22/28<br>| 7000000 | $6987960 |
| &nbsp;&nbsp;&nbsp; 4.56% (1 day USD SOFR <br> Index + 0.30%) 5/15/28<br>| 8000000 | 8006071 |
| &nbsp;&nbsp;&nbsp; 4.64% (1 day USD SOFR <br> Index + 0.37%) 2/11/31<br>| 10000000 | 9969200 |
| **Total Supranational Banks** <br>**(Cost $60,000,000)** | **Total Supranational Banks** <br>**(Cost $60,000,000)** | **59918271** |
| **U.S. TREASURY OBLIGATIONS–29.67%** | **U.S. TREASURY OBLIGATIONS–29.67%** | **U.S. TREASURY OBLIGATIONS–29.67%** |
| &nbsp;&nbsp; •U.S. Treasury Floating Rate <br> Notes 4.06% 4/30/27 (3 mo. <br> Treasury money market <br> yield + 0.16%)<br>| 207645000 | 207530137 |
| &nbsp;&nbsp; U.S. Treasury Inflation <br> Indexed Notes 2.13% <br> 1/15/35<br>| 22954006 | 23629915 |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| &nbsp;&nbsp; 3.88% 6/30/30 | 1090000 | 1096685 |
| &nbsp;&nbsp; 4.25% 8/15/35 | 1340000 | 1350887 |
| **Total U.S. Treasury Obligations** <br>**(Cost $233,736,422)** | **Total U.S. Treasury Obligations** <br>**(Cost $233,736,422)** | **233607624** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>|  |
| **COMMON STOCK–0.01%** | **COMMON STOCK–0.01%** | **COMMON STOCK–0.01%** |
| †MNSN Holdings, Inc. | 852 | 51120 |
| **Total Common Stock** <br>**(Cost $0)** | **Total Common Stock** <br>**(Cost $0)** | **51120** |
| **PREFERRED STOCK–0.07%** | **PREFERRED STOCK–0.07%** | **PREFERRED STOCK–0.07%** |
| &nbsp;&nbsp; †SVB Financial Trust 11.00% <br> 11/7/29<br>| 971 | 529195 |
| **Total Preferred Stock** <br>**(Cost $548,050)** | **Total Preferred Stock** <br>**(Cost $548,050)** | **529195** |
| **MONEY MARKET FUND–4.11%** | **MONEY MARKET FUND–4.11%** | **MONEY MARKET FUND–4.11%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 32383151 | 32383151 |
| **Total Money Market Fund** <br>**(Cost $32,383,151)** | **Total Money Market Fund** <br>**(Cost $32,383,151)** | **32383151** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>|  |
| **SHORT-TERM INVESTMENTS—7.02%** | **SHORT-TERM INVESTMENTS—7.02%** | **SHORT-TERM INVESTMENTS—7.02%** |
| **U.S. Treasury Obligations–7.02%** | **U.S. Treasury Obligations–7.02%** | **U.S. Treasury Obligations–7.02%** |
| ≠U.S. Treasury Bills | ≠U.S. Treasury Bills | ≠U.S. Treasury Bills |
| &nbsp;&nbsp; 4.12% 11/4/25 | 31715000 | 31594110 |
| &nbsp;&nbsp; 4.29% 10/21/25 | 23725000 | 23669701 |
| **Total Short-Term** <br> **Investments** <br>**(Cost $55,263,810)**<br>|  | **55263811** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*LVIP Macquarie Diversified Floating Rate Fund–7*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–99.25% (Cost $784,403,956)** | **$781494367** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **RECEIVABLES AND OTHER ASSETS NET OF LIABILITIES–0.75%** | **5938092** |
| **NET ASSETS APPLICABLE TO 77,911,747 SHARES OUTSTANDING–100.00%** | **$787432459** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| °Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; •Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at September 30, 2025. For securities based on a <br> published reference rate and spread, the reference rate and spread are indicated in their description above and may be subject to caps <br> and/or floors or include a multiplier. Certain variable rate securities are not based on a published reference rate and spread but are <br> determined by the issuer or agent and are based on current market conditions such as changes in current interest rate and prepayments <br> on the underlying pool of assets. These securities do not indicate a reference rate and spread in their description above. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ♦Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the <br> counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
| μFixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2025. Rate will reset at a future date. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ✠All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the <br> time of funding. |
| ∞Delayed settlement. Interest rate to be determined upon settlement date. |
| ΔSecurities have been classified by country of origin. |
| †Non-income producing. |
| ≠The rate shown is the effective yield at the time of purchase. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following futures contracts and swap contracts were outstanding at September 30, 2025:<br>

**Futures Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy (Sell)** | **Contracts to Buy (Sell)** | **Notional** <br>**Amount**<br>| **Notional** <br>**Cost (Proceeds)**<br>| **Expiration** <br>**Date**<br>| **Value/** <br>**Unrealized** <br>**Appreciation**<sup>1</sup> <br>| **Value/** <br>**Unrealized** <br>**Depreciation**<sup>1</sup> <br>|
| **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** |
| (46) | CBOT 10 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; $(5175000)<br>| &nbsp;&nbsp; $(5217301)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; $42301 | &nbsp;&nbsp; $— |
| (28) | CBOT U.S. Long Bond Futures | &nbsp;&nbsp; (3264625)<br>| &nbsp;&nbsp; (3275915)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; 11290 | &nbsp;&nbsp; — |
| (179) | Ultra 10 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; (20598984)<br>| &nbsp;&nbsp; (20687666)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; 88682 | &nbsp;&nbsp; — |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | &nbsp;&nbsp; $142273 | &nbsp;&nbsp; $— |

---

**Swap Contracts**

**Interest Rate Swap (IRS) Contracts** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br> **Amount**<sup>2</sup> <br>| **Fixed**<br> **Interest**<br> **Rate**<br>| **Floating**<br> **Rate Index**<br>| **Pay/Receive**<br> **Floating**<br> **Rate**<br>| **Payment**<br> **Frequency (Fixed**<br> **Rate/Floating Rate)**<br>| **Termination**<br> **Date**<br>| **Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Unrealized**<br> **Appreciation**<sup>1</sup> <br>| **Unrealized**<br> **Depreciation**<sup>1</sup> <br>|
| **Centrally Cleared** |  |  |  |  |  |  |  |  |  |
| 6795000 | 4.56 | SOFR12M | Receive | Annual | 10/24/30 | $(377217) | $— | $— | $(377217) |
| 8585000 | 4.27 | SOFR12M | Receive | Annual | 11/13/28 | (226137) |  |  | (226137) |
| 19415000 | 3.52 | SOFR12M | Receive | Annual | 12/28/30 | 11770 |  | 11770 |  |
| 20315000 | 4.14 | SOFR12M | Receive | Annual | 12/28/25 | 28298 |  | 28298 |  |
| 37820000 | 4.13 | SOFR12M | Receive | Annual | 6/12/31 | (1347476) |  |  | (1347476) |
| 30245000 | 4.74 | SOFR12M | Receive | Annual | 6/12/26 | (231968) |  |  | (231968) |
| 13075000 | 3.27 | SOFR12M | Receive | Annual | 9/30/31 | 123876 |  | 123876 |  |
| 12065000 | 3.51 | SOFR12M | Receive | Annual | 10/18/31 | 60911 |  | 60911 |  |
| 8190000 | 3.75 | SOFR12M | Receive | Annual | 5/9/35 | (58140) |  |  | (58140) |
| 19280000 | 3.18 | SOFR12M | Receive | Annual | 9/11/28 | 101976 |  | 101976 |  |
| 19825000 | 0.72 | SOFR12M | Receive | Annual | 3/25/26 | 676021 |  | 676021 |  |
| 3605000 | 3.68 | SOFR12M | Receive | Annual | 6/13/28 | (22815) |  |  | (22815) |
| 49175000 | 3.58 | SOFR12M | Receive | Annual | 7/29/28 | (231567) |  |  | (231567) |
| 6810000 | 3.61 | SOFR12M | Receive | Annual | 7/29/30 | (60127) |  |  | (60127) |

---

*LVIP Macquarie Diversified Floating Rate Fund–8*

------

**LVIP Macquarie Diversified Floating Rate Fund**

**Schedule of Investments (continued)**

**Swap Contracts**

**Interest Rate Swap (IRS) Contracts (continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional**<br> **Amount**<sup>2</sup><br>| **Fixed**<br> **Interest**<br> **Rate**<br>| **Floating**<br> **Rate Index**<br>| **Pay/Receive**<br> **Floating**<br> **Rate**<br>| **Payment**<br> **Frequency (Fixed**<br> **Rate/Floating Rate)**<br>| **Termination**<br> **Date**<br>| **Value** | **Upfront**<br> **Payments**<br> **Paid**<br> **(Received)**<br>| **Unrealized**<br> **Appreciation**<sup>1</sup><br>| **Unrealized**<br> **Depreciation**<sup>1</sup><br>|
| **Centrally Cleared:**<br> **(continued)** |  |  |  |  |  |  |  |  |  |
| 3485000 | 4.10 | SOFR12M | Receive | Annual | 7/29/40 | $(89648) | $— | $— | $(89648) |
| 23490000 | 3.74 | SOFR12M | Receive | Annual | 8/15/35 | (148816) |  |  | (148816) |
| **Total IRS Contracts** | **Total IRS Contracts** | **Total IRS Contracts** | **Total IRS Contracts** | **Total IRS Contracts** | **Total IRS Contracts** |  | $— | $1002852 | $(2793911) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The use of futures contracts and swap contracts involves elements of market risk and risks in excess of the amounts recognized in the financial <br> statements. The notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized <br> appreciation (depreciation) is reflected in the Fund's net assets.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Includes cumulative appreciation (depreciation) of futures contracts from the date the contracts were opened through September 30, 2025. |
| &nbsp;&nbsp;&nbsp;&nbsp; <sup>2</sup> Notional amount shown is stated in U.S. dollars unless noted that the swap is denominated in another currency. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Summary of Abbreviations:** |
| CBOT–Chicago Board of Trade |
| CLO–Collateralized Loan Obligation |
| IRS–Interest Rate Swap |
| JPM-BB–JPMorgan Barclays Bank |
| REMIC–Real Estate Mortgage Investment Conduits |
| SOFR–Secured Overnight Financing Rate |
| SOFR12M–Secured Overnight Financing Rate 12 Months |
| STACR–Structured Agency Credit Risk |

---

*LVIP Macquarie Diversified Floating Rate Fund–9*

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

- **b. Investment Company Act file number:** 811-08090

- **c. CIK number of Registrant:** 0000914036

- **d. LEI of Registrant:** 3EICVM5HD7FVBIM8WO57

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 260-455-2000

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

- **a. Name of Series:** LVIP Macquarie Diversified Floating Rate Fund

- **b. EDGAR series identifier (if any):** S000028581

- **c. LEI of Series:** QZP45OZ911ZCPRF1PX25

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $798147398.06

**Total Liabilities:** $11246741.64

**Net Assets:** $786900656.42

**Delayed Delivery Securities:** $4491379.57

**Cash Not Reported:** $3757916.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1845.15000000 | **1-Year:** -21805.22000000 | **5-Year:** -57595.11000000 | **10-Year:** -20352.91000000 | **30-Year:** -943.96000000

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

- **3-Month:** -63.49000000 | **1-Year:** -2518.23000000 | **5-Year:** -14591.72000000 | **10-Year:** -4555.36000000 | **30-Year:** -2216.57000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087495 | 0.43%                | 0.44%                | 0.46%                |
| Class ID C000087494 | 0.45%                | 0.47%                | 0.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $582057.83               | $-1362756.72                               |
| Month 2  | $17045.04                | $2956014.70                                |
| Month 3  | $169410.56               | $500816.23                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    750000 | PA      | $777511.50    | 0.10%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                              | Ballyrock CLO 27 Ltd                                                                                                  | CUSIP: 05874UAA3<br>LEI: 254900WCB773D35B5908 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1253506.25   | 0.16%             | 2037-10-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                      | Time Warner Cable LLC                                                                                                 | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1326333.69   | 0.17%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                                                       | CUSIP: 3140W0VA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17157161 | PA      | $17304988.03  | 2.20%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                   | Amentum Government Services Holdings LLC 2024 Term Loan B                                                             | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |   1200000 | PA      | $1198571.60   | 0.15%             | 2031-09-29      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Zais Matrix CDO I                                          | Zais Clo 16 Ltd                                                                                                       | CUSIP: 98875JBJ2<br>LEI: 549300AH84CSK4XX3T86 | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2300225.40   | 0.29%             | 2034-10-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                                                       | CUSIP: 31418EP38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3898529 | PA      | $3947415.64   | 0.50%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                       | Flutter Financing BV 2024 Term Loan B                                                                                 | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1965000 | PA      | $1956648.75   | 0.25%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                                                              | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $409300.59    | 0.05%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1007291.94   | 0.13%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SUMITOMO LIFE INSUR                                        | Sumitomo Life Insurance Co                                                                                            | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |    780000 | PA      | $794122.68    | 0.10%             | 2055-09-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                           | Crown Castle Inc                                                                                                      | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   3025000 | PA      | $2949618.51   | 0.37%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                    | Morgan Stanley Private Bank NA                                                                                        | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    480000 | PA      | $487167.97    | 0.06%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Avenue of Americas                                         | 1301 Trust 2025-AOA                                                                                                   | CUSIP: 682461AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6800000 | PA      | $6891817.68   | 0.88%             | 2042-08-11      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                            | Oaktree CLO 2020-1 Ltd                                                                                                | CUSIP: 67402FBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500348.50    | 0.06%             | 2038-01-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                          | EOG Resources Inc                                                                                                     | CUSIP: 26875PAY7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1525582.58   | 0.19%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2019-B15 Mortgage Trust                                                                                     | CUSIP: 08160KAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5185000 | PA      | $4834346.23   | 0.61%             | 2072-12-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                          | Magnetite XL Ltd                                                                                                      | CUSIP: 55955RAA7<br>LEI: 5299008V4F49IY3SSP69 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2008716.00   | 0.26%             | 2037-07-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                | BBCMS Mortgage Trust 2020-C7                                                                                          | CUSIP: 05492VAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1778830.20   | 0.23%             | 2053-04-15      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 22 Ltd                                         | Elmwood CLO 22 Ltd                                                                                                    | CUSIP: 29001YAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $553839.00    | 0.07%             | 2038-04-17      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac STACR REMIC Trust 2024-DNA3                                                                               | CUSIP: 35564NEZ2<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |    691993 | PA      | $691887.10    | 0.09%             | 2044-10-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                                                      | CUSIP: 3133KYZJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2434538 | PA      | $2482501.95   | 0.32%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MNSN Holdings Inc                                          | MNSN Holdings Inc                                                                                                     | CUSIP: 55339C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       852 | NS      | $51120.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                                                                  | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1370360.37   | 0.17%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                 | JPMBB Commercial Mortgage Securities Trust 2015-C33                                                                   | CUSIP: 46645JAD4<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |   4197067 | PA      | $4186510.81   | 0.53%             | 2048-12-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                             | Mercedes-Benz Auto Lease Trust 2024-A                                                                                 | CUSIP: 58770JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2728167 | PA      | $2729292.96   | 0.35%             | 2027-02-16      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                   | Fortescue Treasury Pty Ltd                                                                                            | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    415000 | PA      | $425322.71    | 0.05%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                          | Generate CLO 10 Ltd                                                                                                   | CUSIP: 37148DAY2<br>LEI: 549300HJXIXJNOK1KU82 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1201180.80   | 0.15%             | 2038-01-22      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                    | International Bank for Reconstruction & Development                                                                   | CUSIP: 459058KD4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   7000000 | PA      | $6987960.00   | 0.89%             | 2028-11-22      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                    | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1154634.58   | 0.15%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                     | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XEY8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    291000 | PA      | $301152.70    | 0.04%             | 2031-06-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                      | Huntington Bancshares Inc/OH                                                                                          | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    710000 | PA      | $708129.86    | 0.09%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                                                                    | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1402467.49   | 0.18%             | 2056-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                          | NatWest Group PLC                                                                                                     | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    365000 | PA      | $374265.91    | 0.05%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                                                                  | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    575000 | PA      | $598281.18    | 0.08%             | 2030-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20755TAC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1445000 | PA      | $1444994.08   | 0.18%             | 2045-05-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                     | Canyon Capital CLO 2019-2 Ltd                                                                                         | CUSIP: 13887WAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $850170.85    | 0.11%             | 2034-10-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                               | UBS Group AG                                                                                                          | CUSIP: 225401BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    500000 | PA      | $498303.68    | 0.06%             | 2031-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Connecticut Avenue Securities Trust 2025-R05                                                                          | CUSIP: 20753CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    710000 | PA      | $711165.39    | 0.09%             | 2045-07-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                      | Caesars Entertainment Inc                                                                                             | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    810000 | PA      | $826190.28    | 0.10%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE6P0MY6 IRS USD R V 12MSOFR BIE6P0MY6_FLO CCPOIS / Short: BIE6P0MY6 IRS USD P F  3.17944 BIE6P0MY6_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  19280000 | OU      | $90155.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20753BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2013595 | PA      | $2023611.59   | 0.26%             | 2043-09-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                      | Foundry JV Holdco LLC                                                                                                 | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    935000 | PA      | $993346.48    | 0.13%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                    | Inter-American Development Bank                                                                                       | CUSIP: 4581X0EC8<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |  10000000 | PA      | $9982700.00   | 1.27%             | 2029-02-15      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                      | Charter Communications Operating LLC 2024 Term Loan B5                                                                | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   1681779 | PA      | $1680937.89   | 0.21%             | 2031-12-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                     | Bunge Ltd Finance Corp                                                                                                | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1440041.38   | 0.18%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                             | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    630000 | PA      | $618965.41    | 0.08%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                                                                  | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1417887.17   | 0.18%             | 2030-07-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Floating Rate Notes                                                                                     | CUSIP: 91282CMX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 207645000 | PA      | $207530137.02 | 26.37%            | 2027-04-30      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| AZORRA SOAR TLB FINANCE LTD                                | Azorra Soar TLB Finance Ltd 2025 Term Loan B                                                                          | CUSIP: 000000000<br>LEI: 254900W0D3E1W7DRS089 | Long             | LON              | CORP              | KY        |    394152 | PA      | $394152.30    | 0.05%             | 2029-10-18      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                    | International Bank for Reconstruction & Development                                                                   | CUSIP: 459058KG7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |  12000000 | PA      | $12005040.00  | 1.53%             | 2026-06-15      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE5MLL67 IRS USD R V 00MSOFR BIE5MLL67_FLO CCPOIS / Short: BIE5MLL67 IRS USD P F  3.50850 BIE5MLL67_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  12065000 | OU      | $-43036.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                                                            | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    435000 | PA      | $446654.36    | 0.06%             | 2027-10-26      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS' FINANC                                   | Ontario Teachers' Finance Trust                                                                                       | CUSIP: 68329AAL2<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |  10000000 | PA      | $9882026.60   | 1.26%             | 2027-04-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EXPORT FIN & INS CORP                                      | Export Finance & Insurance Corp                                                                                       | CUSIP: 30220L2B9<br>LEI: 213800XAAULSUYWPBB61 | Long             | DBT              | NUSS              | AU        |   3900000 | PA      | $3965899.04   | 0.50%             | 2027-10-26      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                       | MAD Commercial Mortgage Trust 2025-11MD                                                                               | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2175000 | PA      | $2170697.42   | 0.28%             | 2042-10-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE5A22P1 IRS USD R V 12MSOFR BIE5A22P1_FLO CCPOIS / Short: BIE5A22P1 IRS USD P F  4.74200 BIE5A22P1_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  30245000 | OU      | $-193597.34   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                        | Dominion Energy Inc                                                                                                   | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    535000 | PA      | $538500.88    | 0.07%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                            | CVS Health Corp                                                                                                       | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    485000 | PA      | $490934.70    | 0.06%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                                                              | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3790000 | PA      | $3745410.04   | 0.48%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWFH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2104777 | PA      | $2134606.94   | 0.27%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT LLC                                  | Stonepeak Nile Parent LLC Term Loan B                                                                                 | CUSIP: 86184XAB0<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1498875.00   | 0.19%             | 2032-04-09      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                   | Madison Park Funding XXVII Ltd                                                                                        | CUSIP: 55820YAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $556733.10    | 0.07%             | 2038-04-20      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                    | International Bank for Reconstruction & Development                                                                   | CUSIP: 459058JU8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |  10000000 | PA      | $9969200.00   | 1.27%             | 2031-02-11      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                 | Leidos Inc                                                                                                            | CUSIP: 52532XAK1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    460000 | PA      | $477886.23    | 0.06%             | 2032-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                    | Inter-American Development Bank                                                                                       | CUSIP: 4581X0DW5<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   7000000 | PA      | $6967660.00   | 0.89%             | 2031-06-10      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                              | Citigroup Inc                                                                                                         | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    915000 | PA      | $928968.48    | 0.12%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE4PTGV1 IRS USD R V 00MSOFR BIE4PTGV1_FLO CCPOIS / Short: BIE4PTGV1 IRS USD P F  4.55603 BIE4PTGV1_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   6795000 | OU      | $-366629.93   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                              | Vistra Operations Company LLC 1st Lien Term Loan B3                                                                   | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    992424 | PA      | $993208.27    | 0.13%             | 2030-12-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                                                          | CUSIP: 3137H9C98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1445307.90   | 0.18%             | 2032-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                      | QXO Building Products Inc                                                                                             | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    379000 | PA      | $392415.16    | 0.05%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US LONG BOND(CBT) DEC25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -28 | NC      | $11289.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                                                      | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61878.06     | 0.01%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                               | UBS Group AG                                                                                                          | CUSIP: 225401BP2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1055000 | PA      | $1049913.35   | 0.13%             | 2037-03-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                                                       | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4753502 | PA      | $4635522.30   | 0.59%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                                                         | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    405000 | PA      | $416965.73    | 0.05%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                   | Neuberger Berman CLO XX Ltd                                                                                           | CUSIP: 64130TBS3<br>LEI: 549300NPF57YF6WBDP72 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251754.25    | 0.03%             | 2039-04-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                   | PUBLIC FIN AUTH WI TOLL REVENUE                                                                                       | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1455045.67   | 0.18%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                                           | Marathon CLO 2021-16 Ltd                                                                                              | CUSIP: 56580KAS4<br>LEI: 549300VP041FQCCCOP44 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001022.00   | 0.25%             | 2034-04-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                               | Dell Equipment Finance Trust 2023-1                                                                                   | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1009035 | PA      | $1010537.13   | 0.13%             | 2028-09-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                    | American Electric Power Co Inc                                                                                        | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    715000 | PA      | $712494.64    | 0.09%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                           | Black Hills Corp                                                                                                      | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    615000 | PA      | $614970.76    | 0.08%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                           | Bain Capital Credit CLO 2021-7 Ltd                                                                                    | CUSIP: 05682NAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800315.20    | 0.10%             | 2035-01-22      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                     | General Motors Financial Co Inc                                                                                       | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    360000 | PA      | $371558.57    | 0.05%             | 2032-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                        | Sirius XM Radio LLC                                                                                                   | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    930000 | PA      | $872255.90    | 0.11%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                               | Ford Credit Auto Lease Trust 2024-A                                                                                   | CUSIP: 345290AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68885 | PA      | $69056.47     | 0.01%             | 2027-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                                                       | CUSIP: 31418EM23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5426092 | PA      | $5581645.49   | 0.71%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                   | Venture Global Calcasieu Pass LLC                                                                                     | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    925000 | PA      | $833447.99    | 0.11%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                    | Hyundai Auto Lease Securitization Trust 2024-A                                                                        | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4727418 | PA      | $4740644.59   | 0.60%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20755CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1120500 | PA      | $1124499.59   | 0.14%             | 2043-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                                                          | CUSIP: 3137HB2L7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1014066.00   | 0.13%             | 2030-10-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Aimco                                                      | Aimco CLO 15 Ltd                                                                                                      | CUSIP: 00889BAH4<br>LEI: 254900QER1MDK5C1YE06 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $557088.40    | 0.07%             | 2038-04-17      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE6HDPV0 IRS USD R V 00MSOFR BIE6HDPV0_FLO CCPOIS / Short: BIE6HDPV0 IRS USD P F  3.61222 BIE6HDPV0_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   6810000 | OU      | $-68827.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                       | Signal Peak CLO 5 Ltd                                                                                                 | CUSIP: 82666VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501723.50    | 0.06%             | 2037-04-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                       | Chase Issuance Trust                                                                                                  | CUSIP: 161571HV9<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   4480000 | PA      | $4522417.09   | 0.57%             | 2029-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1090000 | PA      | $1096684.76   | 0.14%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2022-B32 Mortgage Trust                                                                                     | CUSIP: 08163NBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4448121.00   | 0.57%             | 2055-01-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                     | Canyon CLO 2020-2 Ltd                                                                                                 | CUSIP: 13876NAW3<br>LEI: 2549001ZLWJBJYTM8I33 | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1143500.20   | 0.15%             | 2034-10-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                         | Credit Agricole SA                                                                                                    | CUSIP: 22535WAS6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1315000 | PA      | $1306917.84   | 0.17%             | 2033-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                        | Citigroup Commercial Mortgage Trust 2019-C7                                                                           | CUSIP: 17328CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $7568311.20   | 0.96%             | 2072-12-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                                       | Steele Creek Clo 2017-1 Ltd                                                                                           | CUSIP: 85816VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    135051 | PA      | $135089.09    | 0.02%             | 2030-10-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                   | Fortescue Treasury Pty Ltd                                                                                            | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    415000 | PA      | $428841.50    | 0.05%             | 2032-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                              | Radnor Re 2024-1 Ltd                                                                                                  | CUSIP: 75049AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $151580.15    | 0.02%             | 2034-09-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                      | Quikrete Holdings Inc 2025 Term Loan B1                                                                               | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    992500 | PA      | $991934.28    | 0.13%             | 2031-04-14      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWHE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8063459 | PA      | $8031995.54   | 1.02%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3416335 | PA      | $3329073.89   | 0.42%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                        | CDW LLC / CDW Finance Corp                                                                                            | CUSIP: 12513GBH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    965000 | PA      | $932142.32    | 0.12%             | 2028-12-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                                                        | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1068180.29   | 0.14%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE4V2QA8 IRS USD R V 12MSOFR BIE4V2QA8_FLO CCPOIS / Short: BIE4V2QA8 IRS USD P F  3.52060 BIE4V2QA8_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  19415000 | OU      | $-108341.33   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                   | First Citizens BancShares Inc/NC                                                                                      | CUSIP: 319626AA5<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    228000 | PA      | $227397.56    | 0.03%             | 2035-09-05      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                                                      | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1571851.97   | 0.20%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE67Q9R9 IRS USD R V 12MSOFR BIE67Q9R9_FLO CCPOIS / Short: BIE67Q9R9 IRS USD P F  3.75476 BIE67Q9R9_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   8190000 | OU      | $-76859.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                   | Ginnie Mae II Pool                                                                                                    | CUSIP: 36179XFJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3024943 | PA      | $3027117.92   | 0.38%             | 2052-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                   | New York Life Global Funding                                                                                          | CUSIP: 64953BBF4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1232152.07   | 0.16%             | 2026-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                               | SPX Flow Inc 2025 Term Loan                                                                                           | CUSIP: 78470DAW8<br>LEI: 5493003YXEKRBINIEM78 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1003750.00   | 0.13%             | 2029-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                     | Blackstone Private Credit Fund                                                                                        | CUSIP: 09261HBY2<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    610000 | PA      | $602901.49    | 0.08%             | 2030-09-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund                                                            | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  32383151 | NS      | $32383151.08  | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CIFC Funding Ltd                                           | CIFC Funding 2025-I Ltd                                                                                               | CUSIP: 12572VAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $551734.15    | 0.07%             | 2038-04-23      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                        | Calpine Corporation 2024 Term Loan B10                                                                                | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |   2042000 | PA      | $2039590.44   | 0.26%             | 2031-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| OMERS FINANCE TRUST                                        | OMERS Finance Trust                                                                                                   | CUSIP: 682142AF1<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | NUSS              | CA        |   5000000 | PA      | $4929690.25   | 0.63%             | 2026-03-26      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                      | PennyMac Financial Services Inc                                                                                       | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1600924.38   | 0.20%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                      | Wells Fargo Commercial Mortgage Trust 2021-C61                                                                        | CUSIP: 95003QAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2780000 | PA      | $2478706.38   | 0.31%             | 2054-11-15      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust                                      | Huntington Auto Trust 2024-1                                                                                          | CUSIP: 446144AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10110589.00  | 1.28%             | 2029-01-16      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Lightning Power LLC                                        | Lightning Power LLC Term Loan B                                                                                       | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |   1488722 | PA      | $1486682.25   | 0.19%             | 2031-08-18      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                             | Air Lease Corp                                                                                                        | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    550000 | PA      | $531585.73    | 0.07%             | 2026-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20753GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1819464 | PA      | $1822283.74   | 0.23%             | 2044-05-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                        | PFS Financing Corp                                                                                                    | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5058886.00   | 0.64%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                                                            | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175117.59    | 0.02%             | 2026-10-21      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                                     | Brookfield Finance Inc                                                                                                | CUSIP: 11271LAQ5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |   1165000 | PA      | $1171149.95   | 0.15%             | 2036-01-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                      | ARI Fleet Lease Trust 2024-B                                                                                          | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4969840 | PA      | $5009457.15   | 0.64%             | 2033-04-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE4V2QE0 IRS USD R V 12MSOFR BIE4V2QE0_FLO CCPOIS / Short: BIE4V2QE0 IRS USD P F  4.13740 BIE4V2QE0_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  20315000 | OU      | $-1664.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                   | Targa Resources Partners LP / Targa Resources Partners Finance Corp                                                   | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1646838.22   | 0.21%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                                                                  | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    810000 | PA      | $818071.65    | 0.10%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Connecticut Avenue Securities Series 2025-R01                                                                         | CUSIP: 20755JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1670000 | PA      | $1672431.85   | 0.21%             | 2045-01-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc                                    | Standard Industries Inc 2021 Term Loan B                                                                              | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |    577837 | PA      | $578444.21    | 0.07%             | 2028-09-22      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                           | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    252000 | PA      | $269553.97    | 0.03%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                              | Citigroup Inc                                                                                                         | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    505000 | PA      | $520431.29    | 0.07%             | 2030-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                                                          | CUSIP: 3137HLJ52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2450000 | PA      | $2555532.04   | 0.32%             | 2035-02-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                                   | Province of British Columbia Canada                                                                                   | CUSIP: 11070TAM0<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |   8500000 | PA      | $8440849.10   | 1.07%             | 2033-07-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 51 Ltd                         | Octagon Investment Partners 51 Ltd                                                                                    | CUSIP: 675943AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1702087.60   | 0.22%             | 2034-07-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                         | CrossCountry Intermediate HoldCo LLC                                                                                  | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2007359.40   | 0.26%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                             | Air Lease Corp                                                                                                        | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4018.45      | 0.00%             | 2028-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                                                          | CUSIP: 3137H7M91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1250000 | PA      | $1125389.38   | 0.14%             | 2032-04-25      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2020-B17 Mortgage Trust                                                                                     | CUSIP: 08162MAX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $7169976.80   | 0.91%             | 2053-03-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                             | Rocket Cos Inc                                                                                                        | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    867000 | PA      | $894842.84    | 0.11%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                                                                    | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1363578.40   | 0.17%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                                                      | CUSIP: 3132DWJG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6156746 | PA      | $6307274.75   | 0.80%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| POPULAR INC                                                | Popular Inc                                                                                                           | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | PR        |    555000 | PA      | $579836.81    | 0.07%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                                    | UKG Inc 2024 Term Loan B                                                                                              | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    905980 | PA      | $904811.51    | 0.11%             | 2031-02-10      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    670000 | PA      | $691929.66    | 0.09%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                             | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    440000 | PA      | $443296.33    | 0.06%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                                    | Global Medical Response Inc                                                                                           | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    448000 | PA      | $461130.88    | 0.06%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SWAP CCPC JP MORGAN COC                                    | SWAP CCPC JP MORGAN COC                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   5802718 | NS      | $5802718.25   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                              | Boeing Co/The                                                                                                         | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    280000 | PA      | $304952.17    | 0.04%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                                                              | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    510000 | PA      | $494930.35    | 0.06%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                                                                  | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1585713.01   | 0.20%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                        | Toyota Auto Receivables 2024-B Owner Trust                                                                            | CUSIP: 89237NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3553281.55   | 0.45%             | 2029-01-16      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                      | Gildan Activewear Inc                                                                                                 | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |   1980000 | PA      | $1977012.46   | 0.25%             | 2030-10-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                                                          | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    740000 | PA      | $733652.80    | 0.09%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                    | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GXX7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2707890.13   | 0.34%             | 2027-03-09      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1340000 | PA      | $1350887.50   | 0.17%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1570000 | PA      | $1573382.72   | 0.20%             | 2045-02-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CELSIUS HOLDINGS INC                                       | Celsius Holdings Inc Term Loan                                                                                        | CUSIP: 15118XAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1496250 | PA      | $1497656.48   | 0.19%             | 2032-04-01      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                    | Inter-American Development Bank                                                                                       | CUSIP: 4581X0DT2<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   6000000 | PA      | $5999640.00   | 0.76%             | 2026-02-10      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE6HDPY4 IRS USD R V 00MSOFR BIE6HDPY4_FLO CCPOIS / Short: BIE6HDPY4 IRS USD P F  4.09950 BIE6HDPY4_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   3485000 | OU      | $-91081.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                         | Province of Quebec Canada                                                                                             | CUSIP: 748148M91<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |   5000000 | PA      | $5114460.30   | 0.65%             | 2029-04-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                           | AmWINS Group Inc 2025 Term Loan B                                                                                     | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   2084250 | PA      | $2082874.40   | 0.26%             | 2032-01-30      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                        | Resideo Funding Inc                                                                                                   | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    306000 | PA      | $313620.93    | 0.04%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COTIVITI CORPORATION                                       | Cotiviti Corporation 2024 Term Loan                                                                                   | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1488722 | PA      | $1460808.27   | 0.19%             | 2031-05-01      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2020-B18 Mortgage Trust                                                                                     | CUSIP: 08163AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $1981291.95   | 0.25%             | 2053-07-15      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                    | Jefferies Financial Group Inc                                                                                         | CUSIP: 47233WBM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1123000 | PA      | $1169222.31   | 0.15%             | 2028-07-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                        | CNH Equipment Trust 2024-B                                                                                            | CUSIP: 18978JAC2<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |   2286000 | PA      | $2286943.66   | 0.29%             | 2027-10-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| SVB FINANCIAL TRUST                                        | SVB Financial Trust                                                                                                   | CUSIP: 78500B205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       971 | NS      | $529195.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                             | CUSIP: 00774MAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1530000 | PA      | $1516295.77   | 0.19%             | 2027-07-21      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2021-B24 Mortgage Trust                                                                                     | CUSIP: 08163CBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2229459.50   | 0.28%             | 2054-03-15      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                                               | KKR & Co Inc                                                                                                          | CUSIP: 48251WAB0<br>LEI: 54930013V5I303TF9571 | Long             | DBT              | CORP              | US        |    780000 | PA      | $781410.23    | 0.10%             | 2035-08-07      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                                | PNC Bank NA                                                                                                           | CUSIP: 69353RFZ6<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2281491.35   | 0.29%             | 2028-07-21      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                                                       | CUSIP: 31418E2E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6903352 | PA      | $7069041.40   | 0.90%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2020-B19 Mortgage Trust                                                                                     | CUSIP: 08162WBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5855000 | PA      | $5144679.60   | 0.65%             | 2053-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                     | Santander Drive Auto Receivables Trust 2025-1                                                                         | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2385021.82   | 0.30%             | 2031-03-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                    | Exxon Mobil Corp                                                                                                      | CUSIP: 30231GBD3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    310000 | PA      | $305893.67    | 0.04%             | 2026-08-16      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                             | Air Lease Corp                                                                                                        | CUSIP: 00914AAV4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3045.89      | 0.00%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                        | Avantor Funding Inc 2024 Term Loan B6                                                                                 | CUSIP: 05350NAP9<br>LEI: 5493003VM0XB4U8YD238 | Long             | LON              | CORP              | US        |     77721 | PA      | $78012.10     | 0.01%             | 2027-11-08      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                              | VALVOLINE INC TERM LOAN B                                                                                             | CUSIP: 92048DAF9<br>LEI: 549300CMHPBEY6VPOT75 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1002920.00   | 0.13%             | 2032-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                          | Ares Capital Corp                                                                                                     | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    790000 | PA      | $784301.92    | 0.10%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                    | Jefferies Financial Group Inc                                                                                         | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    405000 | PA      | $360215.63    | 0.05%             | 2031-10-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 10YR NOTE (CBT)DEC25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -46 | NC      | $42301.37     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                               | Enbridge Inc                                                                                                          | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    480000 | PA      | $490865.87    | 0.06%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block Inc                                                                                                             | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    862000 | PA      | $882722.48    | 0.11%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                    | Dryden 109 CLO Ltd                                                                                                    | CUSIP: 26248KAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    550000 | PA      | $550820.60    | 0.07%             | 2038-04-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                                              | SOFTBANK CORP                                                                                                         | CUSIP: 83405KAA0<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |   1350000 | PA      | $1360299.02   | 0.17%             | 2030-07-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Inflation-Indexed Notes                                                                                 | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22954006 | PA      | $23629914.68  | 3.00%             | 2035-01-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                   | Standard Building Solutions Inc                                                                                       | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    422000 | PA      | $427648.54    | 0.05%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                            | OHA Credit Partners VII Ltd                                                                                           | CUSIP: 67102QBT4<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $546487.15    | 0.07%             | 2038-02-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE4DD5N9 IRS USD R V 00MSOFR BIE4DD5N9_FLO CCPOIS / Short: BIE4DD5N9 IRS USD P F  3.68000 BIE4DD5N9_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   3605000 | OU      | $-29986.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    297000 | PA      | $313045.35    | 0.04%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                        | Quanta Services Inc                                                                                                   | CUSIP: 74762EAM4<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1080072.80   | 0.14%             | 2028-08-09      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                             | Enterprise Fleet Financing 2022-4 LLC                                                                                 | CUSIP: 29374GAB7<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    878452 | PA      | $882665.22    | 0.11%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                        | CNH Equipment Trust 2024-A                                                                                            | CUSIP: 18978FAB2<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |    298554 | PA      | $298666.99    | 0.04%             | 2027-07-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                            | Trans Union LLC 2024 Term Loan B8                                                                                     | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1975000 | PA      | $1973084.25   | 0.25%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Bank                                                       | BANK 2020-BNK25                                                                                                       | CUSIP: 06539WBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3687658.40   | 0.47%             | 2063-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                                                      | CUSIP: 3133WKN51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6194098 | PA      | $6194263.09   | 0.79%             | 2038-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                          | Magnetite Xlv Ltd                                                                                                     | CUSIP: 55956CAJ0<br>LEI: 529900IK6R4NURGLMB37 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $551653.30    | 0.07%             | 2038-04-15      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE5KTW29 IRS USD R V 00MSOFR BIE5KTW29_FLO CCPOIS / Short: BIE5KTW29 IRS USD P F  3.26497 BIE5KTW29_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  13075000 | OU      | $123551.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                        | Toyota Auto Receivables 2024-A Owner Trust                                                                            | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006666.10   | 0.13%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems LLC                               | Alliance Laundry Systems LLC 2024 Term Loan B                                                                         | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |    701205 | PA      | $700244.17    | 0.09%             | 2031-08-19      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                           | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    730000 | PA      | $747785.34    | 0.10%             | 2031-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                                                        | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4755000 | PA      | $4758027.03   | 0.60%             | 2026-10-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                                                            | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    895000 | PA      | $917941.17    | 0.12%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                    | International Bank for Reconstruction & Development                                                                   | CUSIP: 459058LG6<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   8000000 | PA      | $8006071.36   | 1.02%             | 2028-05-15      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                                                           | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    605000 | PA      | $604703.16    | 0.08%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac Stacr Remic Trust 2025-Dna3                                                                               | CUSIP: 35564UAS6<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |    730000 | PA      | $730456.25    | 0.09%             | 2045-09-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                             | ICG US CLO 2014-1 Ltd                                                                                                 | CUSIP: 44928XAY0<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002256.00   | 0.25%             | 2034-10-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                               | AGL CLO 17 Ltd                                                                                                        | CUSIP: 00120DAJ5<br>LEI: 254900ISUA07JPVCOS18 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1550334.80   | 0.20%             | 2035-01-21      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                             | Opal Bidco SAS USD Term Loan B                                                                                        | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1503000.00   | 0.19%             | 2032-04-28      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                        | Volkswagen Auto Loan Enhanced Trust 2023-2                                                                            | CUSIP: 92867YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542552 | PA      | $542710.62    | 0.07%             | 2027-03-22      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                              | Ballyrock CLO 18 Ltd                                                                                                  | CUSIP: 05875YAQ9<br>LEI: 2549009NE3IA6DAH4G62 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $653931.85    | 0.08%             | 2038-04-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| SWAP CCPC JP MORGAN COC                                    | SWAP CCPC JP MORGAN COC                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |  -2495584 | NS      | $-2495583.97  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bills                                                                                                   | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  23725000 | PA      | $23669701.06  | 3.01%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac Stacr Remic Trust 2025-Hqa1                                                                               | CUSIP: 35564NHA4<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $803021.28    | 0.10%             | 2045-02-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                | Citibank NA                                                                                                           | CUSIP: 17325FBF4<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    595000 | PA      | $599020.58    | 0.08%             | 2026-04-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                                                                   | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    850000 | PA      | $868565.02    | 0.11%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                                   | Midcontinent Communications                                                                                           | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    830000 | PA      | $855151.49    | 0.11%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                       | Amentum Holdings Inc                                                                                                  | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    810000 | PA      | $841076.46    | 0.11%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE6HDPS7 IRS USD R V 00MSOFR BIE6HDPS7_FLO CCPOIS / Short: BIE6HDPS7 IRS USD P F  3.57600 BIE6HDPS7_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  49175000 | OU      | $-297565.30   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE5A22H9 IRS USD R V 12MSOFR BIE5A22H9_FLO CCPOIS / Short: BIE5A22H9 IRS USD P F  4.12877 BIE5A22H9_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  37820000 | OU      | $-1371004.88  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                                                              | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $388536.22    | 0.05%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                    | Simon Property Group LP                                                                                               | CUSIP: 828807DZ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    890000 | PA      | $892036.49    | 0.11%             | 2030-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                   | Ford Credit Floorplan Master Owner Trust A                                                                            | CUSIP: 34528QJA3<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8151295.20   | 1.04%             | 2029-04-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                        | Clydesdale Acquisition Holdings Inc 2025 Delayed Draw Term Loan                                                       | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     18900 | PA      | $18866.13     | 0.00%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                   | Avolon Holdings Funding Ltd                                                                                           | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    635000 | PA      | $641375.05    | 0.08%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                                                        | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    405000 | PA      | $429313.07    | 0.05%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Roper Industrial Products Investment Company LLC           | Roper Industrial Products Investment Company LLC 2024 USD 1st Lien Term Loan B                                        | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   1488750 | PA      | $1490000.55   | 0.19%             | 2029-11-22      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                            | Nordea Bank Abp                                                                                                       | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    580000 | PA      | $588406.52    | 0.07%             | 2033-11-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac STACR REMIC Trust 2023-HQA3                                                                               | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |   2659494 | PA      | $2689650.49   | 0.34%             | 2043-11-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                             | Bombardier Inc                                                                                                        | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    405000 | PA      | $423299.11    | 0.05%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                                                              | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    146793 | PA      | $147635.38    | 0.02%             | 2045-03-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                  | ONEOK Inc                                                                                                             | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    310000 | PA      | $321471.31    | 0.04%             | 2028-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE6KN5J3 IRS USD R V 00MSOFR BIE6KN5J3_FLO CCPOIS / Short: BIE6KN5J3 IRS USD P F  3.73781 BIE6KN5J3_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  23490000 | OU      | $-166852.76   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dragon Buyer, Inc                                          | Dragon Buyer Inc Term Loan B                                                                                          | CUSIP: 26143FAB5<br>LEI: 2549006V6EIUFGF2Y127 | Long             | LON              | CORP              | US        |    788015 | PA      | $788322.41    | 0.10%             | 2031-09-30      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                           | Deutsche Bank AG/New York NY                                                                                          | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    640000 | PA      | $653697.26    | 0.08%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                             | Lowe's Cos Inc                                                                                                        | CUSIP: 548661EV5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    765000 | PA      | $760049.14    | 0.10%             | 2031-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                      | Truist Financial Corp                                                                                                 | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    810000 | PA      | $763330.75    | 0.10%             | 2029-06-07      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| June Purchaser LLC                                         | June Purchaser LLC Delayed Draw Term Loan                                                                             | CUSIP: 48171UAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    214286 | PA      | $214821.42    | 0.03%             | 2031-11-28      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                                                      | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598128.55    | 0.08%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                                     | Colossus Acquireco LLC Term Loan B                                                                                    | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    750000 | PA      | $745192.50    | 0.09%             | 2032-07-30      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                     | Aviation Capital Group LLC                                                                                            | CUSIP: 05369AAT8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    780000 | PA      | $779285.77    | 0.10%             | 2030-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bills                                                                                                   | CUSIP: 912797RM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  31715000 | PA      | $31594109.40  | 4.02%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                        | Clydesdale Acquisition Holdings Inc 2025 Term Loan B                                                                  | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   1078397 | PA      | $1076445.01   | 0.14%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| INSTRUCTURE HOLDINGS INC                                   | Instructure Holdings Inc 2025 Repriced Term Loan                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    710000 | PA      | $708778.80    | 0.09%             | 2031-11-13      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 10YR ULTRA FUT DEC25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -74 | NC      | $57749.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORPORATION                                          | Sysco Corp                                                                                                            | CUSIP: 871829BU0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    555000 | PA      | $572205.16    | 0.07%             | 2030-09-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd                                            | SkyMiles IP Ltd 2020 Skymiles Term Loan B                                                                             | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |    275963 | PA      | $275998.67    | 0.04%             | 2027-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                      | Toronto-Dominion Bank/The                                                                                             | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    510000 | PA      | $511275.00    | 0.06%             | 2085-10-31      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                             | Wheels Fleet Lease Funding 1 LLC                                                                                      | CUSIP: 96328GBZ9<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3868049 | PA      | $3906164.51   | 0.50%             | 2039-09-19      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac STACR REMIC Trust 2025-DNA2                                                                               | CUSIP: 35564NJA2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |    605000 | PA      | $605394.40    | 0.08%             | 2045-05-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| June Purchaser LLC                                         | June Purchaser LLC Term Loan                                                                                          | CUSIP: 48171UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1279286 | PA      | $1282483.92   | 0.16%             | 2031-11-28      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                      | RIO TINTO FIN USA PLC                                                                                                 | CUSIP: 76720AAR7<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1150000 | PA      | $1162613.12   | 0.15%             | 2028-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MANITOBA (PROVINCE OF)                                     | Province of Manitoba Canada                                                                                           | CUSIP: 563469VC6<br>LEI: 5493003QILFOB3JRKE30 | Long             | DBT              | NUSS              | CA        |   8000000 | PA      | $7960212.08   | 1.01%             | 2033-07-27      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE2LMDY1 IRS USD R V 12MSOFR BIE2LMDY1_FLO CCPOIS / Short: BIE2LMDY1 IRS USD P F   .72295 BIE2LMDY1_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | AU        |  19825000 | OU      | $298657.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                     | Chubb INA Holdings LLC                                                                                                | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    710000 | PA      | $714220.63    | 0.09%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                   | Apollo Debt Solutions BDC                                                                                             | CUSIP: 03770DAD5<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    375000 | PA      | $397429.32    | 0.05%             | 2031-07-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                                                           | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190267.93    | 0.02%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                                                       | CUSIP: 31418ES68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1206241 | PA      | $1237339.64   | 0.16%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                           | Carlyle Global Market Strategies CLO 2014-2R Ltd                                                                      | CUSIP: 14314LAC9<br>LEI: 549300K65HYRGER5BW54 | Long             | ABS-CBDO         | CORP              | KY        |    150072 | PA      | $150112.39    | 0.02%             | 2031-05-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 PLC                                       | Ardonagh Midco 3 PLC 2024 USD Term Loan B                                                                             | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |    997500 | PA      | $991684.58    | 0.13%             | 2031-02-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                              | Citigroup Inc                                                                                                         | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1185640.59   | 0.15%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                | Long: BIE4RDLJ5 IRS USD R V 00MSOFR BIE4RDLJ5_FLO CCPOIS / Short: BIE4RDLJ5 IRS USD P F  4.26835 BIE4RDLJ5_FIX CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   8585000 | OU      | $-233575.53   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TCW Ltd                                                    | TCW CLO 2019-2 Ltd                                                                                                    | CUSIP: 87242BBQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $497913.00    | 0.06%             | 2038-01-20      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                            | Venture 42 CLO Ltd                                                                                                    | CUSIP: 923260AC7<br>LEI: 5493005OM8P21GK6YE73 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500954.00   | 0.19%             | 2034-04-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP