# EDGAR Filing Document

**Accession Number:** 0000887340
**File Stem:** 0001752724-23-044305
**Filing Date:** 2023-2
**Character Count:** 130282
**Document Hash:** abab947e19a60e2ddf3710b8a7802559
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044305.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044305

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MAINSTAY VP FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000887340
- **IRS NUMBER:** 133186036
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03833-01
- **FILM NUMBER:** 23679264

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125767000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY VP SERIES FUND INC
- **DATE OF NAME CHANGE:** 20010518

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW YORK LIFE MFA SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### MainStay VP Bond Portfolio (Series ID: S000009445)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000025820 | Initial Class |  |
| C000025821 | Service Class |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MAINSTAY VP FUNDS TRUST

- **b. Investment Company Act file number:** 811-03833-01

- **c. CIK number of Registrant:** 0000887340

- **d. LEI of Registrant:** 549300AG6K4RXYNOVN04

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** MainStay VP Bond Portfolio

- **b. EDGAR series identifier (if any):** S000009445

- **c. LEI of Series:** 549300KB0UVVQINXSS10

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $748678070.20

**Total Liabilities:** $68507184.61

**Net Assets:** $680170885.59

**Delayed Delivery Securities:** $14330868.21

**Cash Not Reported:** $36949844.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.02000000 | **1-Year:** -18653.04000000 | **5-Year:** -78542.45000000 | **10-Year:** -109128.61000000 | **30-Year:** -172687.34000000

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

- **3-Month:** 0.00000000 | **1-Year:** -508.12000000 | **5-Year:** -2498.88000000 | **10-Year:** -4036.85000000 | **30-Year:** -2592.60000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025820 | -1.48%               | 3.69%                | -0.68%               |
| Class ID C000025821 | -1.50%               | 3.67%                | -0.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12963359.64            | $3273286.71                                |
| Month 2  | $-8549743.35             | $29522919.62                               |
| Month 3  | $237198.85               | $-6655322.76                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate

- **Index Identifier:** LHMN0001

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP Texas, Inc.                                    | AEP Texas, Inc.                                                                 | CUSIP: 00108WAQ3<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57376.41     | 0.01%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 20 Year                                                                   | CUSIP: 3140XHAL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2808870 | PA      | $2481077.14   | 0.36%             | 2042-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XFV32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3088765 | PA      | $2727872.54   | 0.40%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                                      | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1489000 | PA      | $1415989.89   | 0.21%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                        | ONEOK, Inc.                                                                     | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1394930.99   | 0.21%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                            | CUSIP: 606822CN2<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   2490000 | PA      | $2470194.47   | 0.36%             | 2028-09-13      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Mortgage Acquisition Trust                | JPMorgan Mortgage Acquisition Trust, Series 2007-CH2, Class AF3                 | CUSIP: 46630MAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    426932 | PA      | $233487.76    | 0.03%             | 2030-10-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 20 Year                                                                   | CUSIP: 3132D9CA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3282480 | PA      | $3064584.52   | 0.45%             | 2040-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F020612<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -3750000 | PA      | $-3050475.98  | -0.45%            | 2053-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6618875 | PA      | $5925452.18   | 0.87%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC Gold Pools, 30 Year                                                       | CUSIP: 3128LXFL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2276 | PA      | $2334.17      | 0.00%             | 2035-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31418DPR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2153224 | PA      | $2097475.21   | 0.31%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                             | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8305000 | PA      | $8316678.91   | 1.22%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                      | MetLife, Inc.                                                                   | CUSIP: 59156RAY4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    660000 | PA      | $677888.73    | 0.10%             | 2041-02-06      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 10 Year Notes                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -86 | NC      | $95916.62     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| College Ave Student Loans LLC                      | College Avenue Student Loans LLC, Series 2021-C, Class A2                       | CUSIP: 19424WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2676995 | PA      | $2286199.43   | 0.34%             | 2055-07-26      | Fixed         | 2.32%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                           | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2392000 | PA      | $1827219.62   | 0.27%             | 2031-10-24      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Net Lease Fund         | Oak Street Investment Grade Net Lease Fund, Series 2021-2A, Class A1            | CUSIP: 67181DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2355464 | PA      | $2066969.56   | 0.30%             | 2051-11-20      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| Prudential Financial, Inc.                         | Prudential Financial, Inc.                                                      | CUSIP: 74432QCF0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    240000 | PA      | $183136.80    | 0.03%             | 2051-03-13      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA I, 30 Year                                                                 | CUSIP: 36178GJ62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     23607 | PA      | $22734.90     | 0.00%             | 2044-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XCRF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4705111 | PA      | $4329772.41   | 0.64%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CARS-DB5 LP                                        | CARS-DB5 LP, Series 2021-1A, Class A3                                           | CUSIP: 12510HAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2496354 | PA      | $2141792.45   | 0.31%             | 2051-08-15      | Fixed         | 1.92%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DVLH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2812445 | PA      | $2322478.68   | 0.34%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC, REMIC, Series 4682, Class KZ                                             | CUSIP: 3137BXZD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2734811 | PA      | $2501205.70   | 0.37%             | 2046-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                         | CSMC Trust, Series 2019-UVIL, Class A                                           | CUSIP: 12656DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1342525.97   | 0.20%             | 2041-12-15      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 36179T7L3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3356252 | PA      | $3297357.07   | 0.48%             | 2048-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                              | CUSIP: 15189WAP5<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1486029.84   | 0.22%             | 2032-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                 | General Motors Co.                                                              | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    540000 | PA      | $501658.00    | 0.07%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                            | CUSIP: 46647PDM5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2960000 | PA      | $2960052.01   | 0.44%             | 2025-12-15      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                       | Exelon Corp.                                                                    | CUSIP: 30161NBF7<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    585000 | PA      | $467452.33    | 0.07%             | 2052-03-15      | Fixed         | 4.10%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                     | Southern California Edison Co., Series 20C                                      | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1596181.66   | 0.23%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA I, 30 Year                                                                 | CUSIP: 36295WJE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    139264 | PA      | $138371.61    | 0.02%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QQVB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1989902 | PA      | $1999848.12   | 0.29%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                        | Apple, Inc.                                                                     | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2975000 | PA      | $1961944.97   | 0.29%             | 2051-02-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA I, 30 Year                                                                 | CUSIP: 36182LDS3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    137654 | PA      | $131952.77    | 0.02%             | 2044-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                           | UnitedHealth Group, Inc.                                                        | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    835000 | PA      | $906090.96    | 0.13%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC Gold Pools, 30 Year                                                       | CUSIP: 3128KUMZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13689 | PA      | $14153.88     | 0.00%             | 2037-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                         | Warnermedia Holdings, Inc.                                                      | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    565000 | PA      | $410736.03    | 0.06%             | 2052-03-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                          | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBG8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1632633.73   | 0.24%             | 2032-03-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Thirax 1 LLC                                       | Thirax 1 LLC                                                                    | CUSIP: 88410XAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1553225 | PA      | $1277471.22   | 0.19%             | 2033-01-14      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                         | Corebridge Financial, Inc.                                                      | CUSIP: 21871XAJ8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    195000 | PA      | $159968.08    | 0.02%             | 2042-04-05      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                             | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34295000 | PA      | $34996975.78  | 5.15%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Grippen Park CLO Ltd.                              | Grippen Park CLO Ltd., Series 2017-1A, Class B                                  | CUSIP: 39862EAB0<br>LEI: 549300P7KR0IARP7PG22 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $733719.75    | 0.11%             | 2030-01-20      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 2 Year Notes                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -48 | NC      | $1329.41      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                              | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3345000 | PA      | $3402343.64   | 0.50%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QKW95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2898481 | PA      | $2497155.98   | 0.37%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd.                                      | Voya CLO Ltd., Series 2022-4A, Class B                                          | CUSIP: 92920LAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1976376.00   | 0.29%             | 2033-10-20      | Floating      | 7.49%                 | Yes           |                  2 | On Loan: No      |
| Georgia Power Co.                                  | Georgia Power Co.                                                               | CUSIP: 373334JW2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1741000 | PA      | $1494879.91   | 0.22%             | 2042-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XH5A1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1797116 | PA      | $1530711.79   | 0.23%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                      | Comcast Corp.                                                                   | CUSIP: 20030NCL3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    750000 | PA      | $692878.37    | 0.10%             | 2038-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Co.                                 | NSTAR Electric Co.                                                              | CUSIP: 67021CAS6<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $971929.74    | 0.14%             | 2052-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3133KH2K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2633544 | PA      | $2258697.24   | 0.33%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                    | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    645000 | PA      | $459523.32    | 0.07%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. LLC                | Blackstone Holdings Finance Co. LLC                                             | CUSIP: 09261BAJ9<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |   3045000 | PA      | $3067799.10   | 0.45%             | 2027-11-03      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                   | Boeing Co. (The)                                                                | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1657341.50   | 0.24%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                               | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2415000 | PA      | $2538045.17   | 0.37%             | 2028-11-03      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| Danaher Corp.                                      | Danaher Corp.                                                                   | CUSIP: 235851AW2<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    570000 | PA      | $376633.30    | 0.06%             | 2051-12-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DMZW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2164666 | PA      | $2004555.71   | 0.29%             | 2051-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XGJQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4033085 | PA      | $3589076.94   | 0.53%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                           | Enel Finance America LLC                                                        | CUSIP: 29280HAA0<br>LEI: 549300EGNLVUJX1DEC60 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2357655.16   | 0.35%             | 2027-10-14      | Fixed         | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                  | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $733463.25    | 0.11%             | 2033-10-18      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, Single Family, 30 Year                                                 | CUSIP: 21H022614<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3050000 | PA      | $2642392.08   | 0.39%             | 2053-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                    | Phillips 66 Co.                                                                 | CUSIP: 718547AJ1<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2119863.18   | 0.31%             | 2029-12-15      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31413HNX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26602 | PA      | $27796.03     | 0.00%             | 2037-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XF7L9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2351984 | PA      | $2067889.85   | 0.30%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                                        | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1764663.96   | 0.26%             | 2033-10-28      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                            | Simon Property Group LP                                                         | CUSIP: 828807DL8<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $1685019.86   | 0.25%             | 2028-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                       | NVIDIA Corp.                                                                    | CUSIP: 67066GAM6<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   1004000 | PA      | $857281.79    | 0.13%             | 2028-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 36179W2X5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2382992 | PA      | $2255138.59   | 0.33%             | 2052-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                            | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3123645.05   | 0.46%             | 2027-04-22      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| CSMC OA LLC                                        | CSMC OA LLC, Series 2014-USA, Class A1                                          | CUSIP: 12649AAA7<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   2590022 | PA      | $2334237.23   | 0.34%             | 2037-09-15      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| FFCB                                               | FFCB                                                                            | CUSIP: 3133ELHN7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   3800000 | PA      | $3443670.43   | 0.51%             | 2028-01-21      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| FHLB                                               | FHLB                                                                            | CUSIP: 3130ARYA3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   5840000 | PA      | $5620748.24   | 0.83%             | 2027-05-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                       | Pacific Gas and Electric Co.                                                    | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2090550.66   | 0.31%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                                 | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2235000 | PA      | $2305719.76   | 0.34%             | 2033-11-17      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3138WQAT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    251773 | PA      | $214570.43    | 0.03%             | 2043-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nucor Corp.                                        | Nucor Corp.                                                                     | CUSIP: 670346AR6<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1465753.26   | 0.22%             | 2025-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citizens Bank NA                                   | Citizens Bank NA                                                                | CUSIP: 75524KPT5<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1769702.22   | 0.26%             | 2025-10-24      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| TICP CLO XV Ltd.                                   | TICP CLO XV Ltd., Series 2020-15A, Class A                                      | CUSIP: 87250RAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1969496.00   | 0.29%             | 2033-04-20      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| LYB International Finance III LLC                  | LYB International Finance III LLC                                               | CUSIP: 50249AAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    908000 | PA      | $810032.39    | 0.12%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                            | Texas Instruments, Inc.                                                         | CUSIP: 882508BD5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2035294.24   | 0.30%             | 2048-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Queens Center Mortgage Trust                       | Queens Center Mortgage Trust, Series 2013-QCA, Class A                          | CUSIP: 74824DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2769181.80   | 0.41%             | 2037-01-11      | Fixed         | 3.27%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F020612<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6750000 | PA      | $5490856.76   | 0.81%             | 2053-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                     | Southern California Edison Co.                                                  | CUSIP: 842400HT3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2329800.71   | 0.34%             | 2032-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                        | Swedbank AB                                                                     | CUSIP: 87020PAT4<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   2770000 | PA      | $2747119.11   | 0.40%             | 2027-09-20      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC, Multifamily Structured Pass-Through Certificates, Series K-150, Class A2 | CUSIP: 3137H9C98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4500000 | PA      | $4216947.30   | 0.62%             | 2032-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                                   | Salesforce, Inc.                                                                | CUSIP: 79466LAK0<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1184783.15   | 0.17%             | 2041-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 36179WG28<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5646063 | PA      | $4752270.51   | 0.70%             | 2051-06-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DNWJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    879875 | PA      | $800440.25    | 0.12%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                         | Warnermedia Holdings, Inc.                                                      | CUSIP: 55903VAN3<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $818637.95    | 0.12%             | 2042-03-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DMVD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2858517 | PA      | $2468987.32   | 0.36%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC               | Charter Communications Operating LLC                                            | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1205524.21   | 0.18%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                        | ONEOK, Inc.                                                                     | CUSIP: 682680AV5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    215000 | PA      | $179089.57    | 0.03%             | 2048-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140L5B47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3773236 | PA      | $3081483.86   | 0.45%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                    | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1647529.82   | 0.24%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QPPP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2697773 | PA      | $2600094.72   | 0.38%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                              | PayPal Holdings, Inc.                                                           | CUSIP: 70450YAM5<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    370000 | PA      | $335028.40    | 0.05%             | 2052-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| College Avenue Student Loans LLC                   | College Avenue Student Loans LLC, Series 2021-B, Class A2                       | CUSIP: 19425AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2362927 | PA      | $1961960.36   | 0.29%             | 2052-06-25      | Fixed         | 1.76%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XDEG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3150313 | PA      | $2845294.49   | 0.42%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                               | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1664646.95   | 0.24%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3133BS6S6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2750000 | PA      | $2776300.18   | 0.41%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                                 | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2711008.21   | 0.40%             | 2029-05-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Galaxy XXI CLO Ltd.                                | Galaxy XXI CLO Ltd., Series 2015-21A, Class BR                                  | CUSIP: 36320WAN6<br>LEI: 549300BW4412X0TZDD77 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1435338.00   | 0.21%             | 2031-04-20      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Chase Funding Trust                                | Chase Funding Trust, Series 2002-2, Class 1A5                                   | CUSIP: 161551FS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20298 | PA      | $20066.25     | 0.00%             | 2032-04-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31410PF57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10879 | PA      | $11384.75     | 0.00%             | 2036-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC Gold Pools, 15 Year                                                       | CUSIP: 31294L6W8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8854 | PA      | $8913.05      | 0.00%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                 | Southern Co. (The)                                                              | CUSIP: 842587DM6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    980000 | PA      | $986340.01    | 0.15%             | 2025-10-06      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                       | AbbVie, Inc.                                                                    | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1446125.35   | 0.21%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO Ltd.                               | 522 Funding CLO Ltd., Series 2019-4A, Class BR                                  | CUSIP: 33834WAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2902179.00   | 0.43%             | 2030-04-20      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Nestle Holdings, Inc.                              | Nestle Holdings, Inc.                                                           | CUSIP: 641062BC7<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2592159.25   | 0.38%             | 2029-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                  | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2630000 | PA      | $2584909.75   | 0.38%             | 2026-07-17      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                      | CUSIP: 89352HAZ2<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    625000 | PA      | $566617.11    | 0.08%             | 2049-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 36179VFQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3545415 | PA      | $3289860.38   | 0.48%             | 2050-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WRKCo, Inc.                                        | WRKCo, Inc.                                                                     | CUSIP: 96145DAF2<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1765010.48   | 0.26%             | 2025-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31413FHQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1907 | PA      | $1954.25      | 0.00%             | 2037-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                                 | CUSIP: 65558RAD1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   3085000 | PA      | $3099232.09   | 0.46%             | 2027-09-22      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                                 | CUSIP: 00914AAL6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1487736.20   | 0.22%             | 2024-02-15      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Marlin Receivables LLC                             | Marlin Receivables LLC, Series 2022-1A, Class A2                                | CUSIP: 57119HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2363433.84   | 0.35%             | 2025-09-20      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                             | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35125000 | PA      | $34932910.16  | 5.14%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                               | Meta Platforms, Inc.                                                            | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    430000 | PA      | $341699.81    | 0.05%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| THL Credit Wind River CLO Ltd.                     | THL Credit Wind River CLO Ltd., Series 2017-4A, Class A                         | CUSIP: 87249LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2243000 | PA      | $2211396.13   | 0.33%             | 2030-11-20      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan Trust                 | Morgan Stanley Mortgage Loan Trust, Series 2006-17XS, Class A3A                 | CUSIP: 61751DAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    789616 | PA      | $237374.37    | 0.03%             | 2046-10-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, Single Family, 30 Year                                                 | CUSIP: 21H052611<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1250000 | PA      | $1256989.50   | 0.18%             | 2053-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLB                                               | FHLB                                                                            | CUSIP: 3130ARQH7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1775000 | PA      | $1647749.65   | 0.24%             | 2032-04-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QERV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3776989 | PA      | $3100853.36   | 0.46%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DVLF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2573382 | PA      | $2212756.38   | 0.33%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F060618<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -3000000 | PA      | $-3044268.18  | -0.45%            | 2053-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QNN40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4317008 | PA      | $3708110.93   | 0.55%             | 2047-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                                 | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4770000 | PA      | $4790401.19   | 0.70%             | 2026-09-29      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                         | Tennessee Valley Authority                                                      | CUSIP: 880591EH1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $2080889.12   | 0.31%             | 2039-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                       | AbbVie, Inc.                                                                    | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    560000 | PA      | $464735.68    | 0.07%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC               | Charter Communications Operating LLC                                            | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    910000 | PA      | $732438.32    | 0.11%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III LLC                    | Hertz Vehicle Financing III LLC, Series 2022-3A, Class B                        | CUSIP: 42806MAU3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2436484.00   | 0.36%             | 2025-03-25      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered plc                             | Standard Chartered plc                                                          | CUSIP: 853254CL2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2100000 | PA      | $2162784.69   | 0.32%             | 2025-11-16      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| Entergy Mississippi LLC                            | Entergy Mississippi LLC                                                         | CUSIP: 29366WAA4<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $938777.60    | 0.14%             | 2049-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140K0E79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3529131 | PA      | $3033228.65   | 0.45%             | 2049-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                              | CUSIP: 05964HAS4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2200000 | PA      | $2147984.52   | 0.32%             | 2027-08-18      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | FNMA, Other                                                                     | CUSIP: 3140FXED0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1380375 | PA      | $1262639.36   | 0.19%             | 2056-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3133AQP92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2727323 | PA      | $2321261.76   | 0.34%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                    | Microsoft Corp.                                                                 | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $1533254.10   | 0.23%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                              | Lockheed Martin Corp.                                                           | CUSIP: 539830BW8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2123912.28   | 0.31%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                                 | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $1845642.19   | 0.27%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Waste Connections, Inc.                            | Waste Connections, Inc.                                                         | CUSIP: 94106BAA9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   1810000 | PA      | $1543272.83   | 0.23%             | 2030-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.               | Anheuser-Busch InBev Worldwide, Inc.                                            | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1774533.14   | 0.26%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                             | Home Depot, Inc. (The)                                                          | CUSIP: 437076CT7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1046226.21   | 0.15%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 15 Year                                                                   | CUSIP: 31416LMH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38654 | PA      | $38543.70     | 0.01%             | 2024-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                    | Eli Lilly & Co.                                                                 | CUSIP: 532457BV9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2432977.74   | 0.36%             | 2029-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                   | CVS Health Corp.                                                                | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1041152.07   | 0.15%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                                     | QUALCOMM, Inc.                                                                  | CUSIP: 747525BR3<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    750000 | PA      | $656823.85    | 0.10%             | 2052-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC, Multifamily Structured Pass-Through Certificates, Series K108, Class X1  | CUSIP: 3137FTBP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  27582593 | PA      | $2594214.55   | 0.38%             | 2030-03-25      | Variable      | 1.69%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd.                                      | Voya CLO Ltd., Series 2019-1A, Class BR                                         | CUSIP: 92917NAL2<br>LEI: 549300KSCKXTOBY0IP86 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1908440.00   | 0.28%             | 2031-04-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| NXP BV                                             | NXP BV                                                                          | CUSIP: 62954HAV0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1132743.31   | 0.17%             | 2029-06-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                           | Bristol-Myers Squibb Co.                                                        | CUSIP: 110122DS4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $782967.39    | 0.12%             | 2050-11-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                          | Ford Motor Credit Co. LLC                                                       | CUSIP: 345397WW9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1714968.00   | 0.25%             | 2024-09-08      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                           | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1632744.43   | 0.24%             | 2033-04-27      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                    | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    490000 | PA      | $424423.54    | 0.06%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DVL86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1822031 | PA      | $1615289.81   | 0.24%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC, Multifamily Structured Pass-Through Certificates, Series K119, Class X1  | CUSIP: 3137F6GV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  54721198 | PA      | $2958129.45   | 0.43%             | 2030-09-25      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                             | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2140000 | PA      | $1633923.43   | 0.24%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                            | MPLX LP                                                                         | CUSIP: 55336VBU3<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    890000 | PA      | $834540.79    | 0.12%             | 2032-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DWCX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3591829 | PA      | $3270070.97   | 0.48%             | 2051-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DPAL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1937454 | PA      | $1829367.88   | 0.27%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                   | GE HealthCare Technologies, Inc.                                                | CUSIP: 36267VAL7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    460000 | PA      | $488571.42    | 0.07%             | 2052-11-22      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                     | Southern California Edison Co.                                                  | CUSIP: 842400HB2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1152063.03   | 0.17%             | 2024-04-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc.                                                                | CUSIP: 023135BT2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $787763.55    | 0.12%             | 2050-06-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 20 Year                                                                   | CUSIP: 3140XG6X2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4779692 | PA      | $4183086.87   | 0.62%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                             | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4540000 | PA      | $2875451.59   | 0.42%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                              | Global Payments, Inc.                                                           | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1744702.54   | 0.26%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                         | Corebridge Financial, Inc.                                                      | CUSIP: 21871XAE9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    375000 | PA      | $341552.87    | 0.05%             | 2029-04-05      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corp.                             | Norfolk Southern Corp.                                                          | CUSIP: 655844AX6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1430545.89   | 0.21%             | 2029-05-17      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                    | AstraZeneca plc                                                                 | CUSIP: 046353AW8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |   2900000 | PA      | $2291076.04   | 0.34%             | 2030-08-06      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                             | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3660000 | PA      | $2932575.00   | 0.43%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.              | Alexandria Real Estate Equities, Inc.                                           | CUSIP: 015271AZ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $748252.26    | 0.11%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                          | HCA, Inc.                                                                       | CUSIP: 404119CG2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    905000 | PA      | $704357.51    | 0.10%             | 2052-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                  | Lowe's Cos., Inc.                                                               | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    635000 | PA      | $607882.50    | 0.09%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                 | Southern Co. (The)                                                              | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    470000 | PA      | $480793.73    | 0.07%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                    | Intercontinental Exchange, Inc.                                                 | CUSIP: 45866FAY0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    570000 | PA      | $537781.89    | 0.08%             | 2062-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co.                              | Kraft Heinz Foods Co.                                                           | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    280000 | PA      | $243052.03    | 0.04%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                   | SMB Private Education Loan Trust, Series 2021-A, Class B                        | CUSIP: 78448YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $3708272.90   | 0.55%             | 2053-01-15      | Fixed         | 2.31%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31374TAG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4732 | PA      | $4735.68      | 0.00%             | 2028-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 36179WLR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1199220 | PA      | $1101987.11   | 0.16%             | 2051-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury Ultra Bonds                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       295 | NC      | $-1267858.62  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square CLO Ltd.                             | Palmer Square CLO Ltd., Series 2015-2A, Class A2R2                              | CUSIP: 69689CAY2<br>LEI: 549300PACXK2KP6J2T91 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1940526.00   | 0.29%             | 2030-07-20      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 15 Year                                                                   | CUSIP: 31416H4E2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2536 | PA      | $2550.04      | 0.00%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                     | Broadcom, Inc.                                                                  | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2945000 | PA      | $2595548.24   | 0.38%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31413Y7B1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3847 | PA      | $4021.61      | 0.00%             | 2037-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DN5P4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2983012 | PA      | $3035892.61   | 0.45%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Aventura  Mall Trust                               | Aventura Mall Trust, Series 2018-AVM, Class A                                   | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $2906558.85   | 0.43%             | 2040-07-05      | Variable      | 4.11%                 | Yes           |                  2 | On Loan: No      |
| Regatta XIV Funding Ltd.                           | Regatta XIV Funding Ltd., Series 2018-3A, Class A                               | CUSIP: 75888MAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1961462.00   | 0.29%             | 2031-10-25      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                              | PayPal Holdings, Inc.                                                           | CUSIP: 70450YAN3<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    350000 | PA      | $317910.11    | 0.05%             | 2062-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd.                                      | Voya CLO Ltd., Series 2022-4A, Class A                                          | CUSIP: 92920LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1996656.00   | 0.29%             | 2033-10-20      | Floating      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| Walmart, Inc.                                      | Walmart, Inc.                                                                   | CUSIP: 931142CB7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1431269.51   | 0.21%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3133KQEV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4828650 | PA      | $4766726.00   | 0.70%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QQU86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1879600 | PA      | $1854988.00   | 0.27%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                   | Paramount Global                                                                | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1146528.42   | 0.17%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | Energy Transfer LP                                                              | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    460000 | PA      | $367508.18    | 0.05%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                    | Intercontinental Exchange, Inc.                                                 | CUSIP: 45866FAV6<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1595286.00   | 0.23%             | 2029-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                       | UBS Group AG                                                                    | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1415000 | PA      | $1239187.79   | 0.18%             | 2027-01-30      | Variable      | 1.36%                 | Yes           |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                             | Keurig Dr Pepper, Inc.                                                          | CUSIP: 49271VAQ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    485000 | PA      | $441180.55    | 0.06%             | 2032-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                  | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1113332.74   | 0.16%             | 2033-07-20      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Cook Park CLO Ltd.                                 | Cook Park CLO Ltd., Series 2018-1A, Class B                                     | CUSIP: 21623PAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2889711.00   | 0.42%             | 2030-04-17      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                       | Santander Holdings USA, Inc.                                                    | CUSIP: 80282KBE5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1369588.42   | 0.20%             | 2026-09-09      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F052615<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3200000 | PA      | $3207893.12   | 0.47%             | 2053-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                        | Amgen, Inc.                                                                     | CUSIP: 031162DK3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    810000 | PA      | $718367.93    | 0.11%             | 2053-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F052615<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -3200000 | PA      | $-3207893.12  | -0.47%            | 2053-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, Single Family, 30 Year                                                 | CUSIP: 21H020618<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5000000 | PA      | $4189176.30   | 0.62%             | 2053-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                               | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2724286.85   | 0.40%             | 2026-08-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corp.                             | Unilever Capital Corp.                                                          | CUSIP: 904764BQ9<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1005725.02   | 0.15%             | 2031-08-12      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F022618<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3050000 | PA      | $2581868.65   | 0.38%             | 2053-01-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AEP Transmission Co. LLC                           | AEP Transmission Co. LLC, Series O                                              | CUSIP: 00115AAP4<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    740000 | PA      | $650856.75    | 0.10%             | 2052-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                            | CUSIP: 78016FZR8<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3395000 | PA      | $3433865.04   | 0.50%             | 2024-10-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140M2FB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3998860 | PA      | $3414612.84   | 0.50%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA I, 30 Year                                                                 | CUSIP: 36297KZU8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    340618 | PA      | $338936.14    | 0.05%             | 2039-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 24 Ltd.         | Neuberger Berman Loan Advisers CLO 24 Ltd., Series 2017-24A, Class BR           | CUSIP: 64130HAN1<br>LEI: 549300E610NX15ZSSH14 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $973176.00    | 0.14%             | 2030-04-19      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust, Series 2018-AUS, Class A                 | CUSIP: 94990EAA2<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2660791.50   | 0.39%             | 2036-08-17      | Variable      | 4.06%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                  | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1496841.57   | 0.22%             | 2028-10-18      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Banco del Estado de Chile                          | Banco del Estado de Chile                                                       | CUSIP: 05965MAG8<br>LEI: 5493004R4EJC0W0XVQ72 | Long             | DBT              | NUSS              | CL        |   1275000 | PA      | $1201525.26   | 0.18%             | 2025-01-09      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XF7J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2783287 | PA      | $2476141.74   | 0.36%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 10 Year Ultra Bonds                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -247 | NC      | $658389.73    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc.                                                                | CUSIP: 023135CJ3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    720000 | PA      | $595931.39    | 0.09%             | 2052-04-13      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QEN32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3128096 | PA      | $2697293.15   | 0.40%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                                      | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1012000 | PA      | $675250.60    | 0.10%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                               | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    370000 | PA      | $328325.48    | 0.05%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lunar Structured Aircraft Portfolio Notes          | Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A               | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2447836 | PA      | $1962088.18   | 0.29%             | 2046-10-15      | Fixed         | 2.64%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XJHA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3948122 | PA      | $3499149.91   | 0.51%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund | Texas Transportation Commission State Highway Fund                              | CUSIP: 88283LHU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2192993.55   | 0.32%             | 2030-04-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F050619<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -4850000 | PA      | $-4778323.84  | -0.70%            | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                      | PepsiCo, Inc.                                                                   | CUSIP: 713448FF0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $924933.99    | 0.14%             | 2041-10-21      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                            | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $1717333.66   | 0.25%             | 2033-01-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| N/A                                                | U.S. Treasury 5 Year Notes                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       175 | NC      | $-184469.25   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                               | UMBS, 20 Year                                                                   | CUSIP: 3140XHHA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2403320 | PA      | $2025848.75   | 0.30%             | 2042-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XIV Ltd.                      | Neuberger Berman CLO XIV Ltd., Series 2013-14A, Class BR2                       | CUSIP: 64129JBG4<br>LEI: 549300Z5ZNFT7IECFZ07 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $968879.00    | 0.14%             | 2030-01-28      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| FFCB                                               | FFCB                                                                            | CUSIP: 3133ENWW6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2175000 | PA      | $2078483.55   | 0.31%             | 2032-05-17      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                                | CUSIP: 74256LEP0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1950850.94   | 0.29%             | 2026-08-16      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                            | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    820000 | PA      | $780743.98    | 0.11%             | 2033-07-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                  | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    905000 | PA      | $827494.74    | 0.12%             | 2037-04-20      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                                    | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $897564.99    | 0.13%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc.                                                                | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $747817.10    | 0.11%             | 2051-05-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Houston Galleria Mall Trust                        | Houston Galleria Mall Trust, Series 2015-HGLR, Class A1A1                       | CUSIP: 44217NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $2990853.45   | 0.44%             | 2037-03-05      | Fixed         | 3.09%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                               | CUSIP: 404280DS5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1269695.54   | 0.19%             | 2033-11-03      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC                                                                           | CUSIP: 3134GXTF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   2400000 | PA      | $2344430.90   | 0.34%             | 2027-05-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31371NLU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       295 | PA      | $314.42       | 0.00%             | 2037-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                                 | CUSIP: 38141GZV9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3916060.20   | 0.58%             | 2024-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                        | United Parcel Service, Inc.                                                     | CUSIP: 911312BW5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    525000 | PA      | $544738.15    | 0.08%             | 2050-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F040610<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5600000 | PA      | $5250895.66   | 0.77%             | 2053-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F050619<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4850000 | PA      | $4778323.84   | 0.70%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 31410RQV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11268 | PA      | $11544.65     | 0.00%             | 2036-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                    | Virginia Electric and Power Co., Series C                                       | CUSIP: 927804GJ7<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    969000 | PA      | $845618.02    | 0.12%             | 2052-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FHLMC                                              | FHLMC Gold Pools, 15 Year                                                       | CUSIP: 3128MMHY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       134 | PA      | $134.22       | 0.00%             | 2023-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co.                              | Appalachian Power Co., Series BB                                                | CUSIP: 037735DA2<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    820000 | PA      | $764559.60    | 0.11%             | 2032-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F042616<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4700000 | PA      | $4522604.56   | 0.66%             | 2053-01-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XCTE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3519091 | PA      | $3111262.70   | 0.46%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                      | UMBS, Single Family, 30 Year                                                    | CUSIP: 01F060618<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3044268.18   | 0.45%             | 2053-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                   | Oaktree CLO Ltd., Series 2021-2A, Class A                                       | CUSIP: 67389BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2914104.00   | 0.43%             | 2035-01-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Dayton Power & Light Co. (The)                     | Dayton Power & Light Co. (The)                                                  | CUSIP: 240019BV0<br>LEI: 1ELKY8G44MKGCQWG6864 | Long             | DBT              | CORP              | US        |    505000 | PA      | $390528.32    | 0.06%             | 2049-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                 | T-Mobile USA, Inc.                                                              | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    335000 | PA      | $324242.92    | 0.05%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                | Kinder Morgan, Inc.                                                             | CUSIP: 49456BAW1<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    395000 | PA      | $354543.60    | 0.05%             | 2052-08-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3133KKK24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4600317 | PA      | $3963960.66   | 0.58%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QEDX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2374829 | PA      | $2116308.67   | 0.31%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                 | T-Mobile USA, Inc.                                                              | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2390000 | PA      | $2023208.61   | 0.30%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QPSX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2612172 | PA      | $2516785.28   | 0.37%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                   | Boeing Co. (The)                                                                | CUSIP: 097023CH6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1811357.03   | 0.27%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                             | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $438359.38    | 0.06%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                                 | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    375000 | PA      | $296088.52    | 0.04%             | 2032-10-21      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                         | AerCap Ireland Capital DAC                                                      | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1670000 | PA      | $1399084.73   | 0.21%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                                      | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    740000 | PA      | $499452.77    | 0.07%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                        | Amgen, Inc.                                                                     | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    880000 | PA      | $814112.70    | 0.12%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                     | Blackstone Private Credit Fund                                                  | CUSIP: 09261HAY3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1879976.57   | 0.28%             | 2025-09-29      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                             | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  64210000 | PA      | $64212508.04  | 9.44%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                         | Warnermedia Holdings, Inc.                                                      | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    540000 | PA      | $467165.92    | 0.07%             | 2029-03-15      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| GCAT Trust                                         | GCAT Trust, Series 2022-NQM3, Class A1                                          | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2385224 | PA      | $2280447.02   | 0.34%             | 2067-04-25      | Variable      | 4.35%                 | Yes           |                  2 | On Loan: No      |
| MetLife, Inc.                                      | MetLife, Inc.                                                                   | CUSIP: 59156RCC0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    710000 | PA      | $675883.95    | 0.10%             | 2052-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                   | Boeing Co. (The)                                                                | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    575000 | PA      | $533126.11    | 0.08%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                        | ONEOK, Inc.                                                                     | CUSIP: 682680BD4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3270000 | PA      | $3309161.68   | 0.49%             | 2026-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                            | CUSIP: 46647PDF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1232532.17   | 0.18%             | 2030-06-14      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                                    | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $797248.82    | 0.12%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140XADW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3967101 | PA      | $3273115.20   | 0.48%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | Energy Transfer LP                                                              | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1218058.20   | 0.18%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3133KQEW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3193419 | PA      | $3208768.33   | 0.47%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDR2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1495000 | PA      | $1434871.92   | 0.21%             | 2028-08-22      | Variable      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140QPK48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3438387 | PA      | $3225340.65   | 0.47%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                                     | NiSource, Inc.                                                                  | CUSIP: 65473QBD4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    595000 | PA      | $580544.91    | 0.09%             | 2045-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                | Union Pacific Corp.                                                             | CUSIP: 907818GB8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1784419.04   | 0.26%             | 2033-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC               | Charter Communications Operating LLC                                            | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1045847.16   | 0.15%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 15 Year                                                                   | CUSIP: 31416BTX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2733 | PA      | $2748.91      | 0.00%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARES XXXVIII CLO Ltd.                              | ARES XXXVIII CLO Ltd., Series 2015-38A, Class BR                                | CUSIP: 04015UAJ7<br>LEI: 6354004TAEXDOTEJZN31 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1911670.00   | 0.28%             | 2030-04-20      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Notes                                                             | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  47275000 | PA      | $46957371.09  | 6.90%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                           | CUSIP: 06051GJZ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1682988.16   | 0.25%             | 2029-06-14      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                           | San Antonio Water System                                                        | CUSIP: 79642BHT3<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055592.00   | 0.30%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA II, 30 Year                                                                | CUSIP: 3622AA4W1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5294099 | PA      | $4536413.09   | 0.67%             | 2051-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                               | UMBS, 30 Year                                                                   | CUSIP: 3140X8QX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3644637 | PA      | $2978744.36   | 0.44%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                                    | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1506454.86   | 0.22%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                               | GNMA I, 30 Year                                                                 | CUSIP: 36178STM0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     68015 | PA      | $65798.12     | 0.01%             | 2045-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                         | UMBS, 30 Year                                                                   | CUSIP: 3132DV7J8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3473772 | PA      | $2841482.61   | 0.42%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States of America                           | U.S. Treasury Bonds                                                             | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3770000 | PA      | $2664624.24   | 0.39%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** MAINSTAY VP FUNDS TRUST

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer