# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0001752724-23-040513
**Filing Date:** 2023-2
**Character Count:** 109531
**Document Hash:** 15f52e1d9ee6f25b9d50b5702ee487e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040513.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040513

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03213
- **FILM NUMBER:** 23667703

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19860226

## Series and Classes Contracts Data

### NVIT Short Term Bond Fund (Series ID: S000021040)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000059825 | Class I      |  |
| C000059826 | Class II     |  |
| C000059827 | Class Y      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Variable Insurance Trust

- **b. Investment Company Act file number:** 811-03213

- **c. CIK number of Registrant:** 0000353905

- **d. LEI of Registrant:** 549300WLMVM3JP578846

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

  - **Street Address 1:** One Nationwide Plaza Location:N0900

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

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

- **b. EDGAR series identifier (if any):** S000021040

- **c. LEI of Series:** 549300UQ781MJCK8JH31

**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:** $1187973247.24

**Total Liabilities:** $11289837.79

**Net Assets:** $1176683409.45

**Cash Not Reported:** $54388612.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2336.09944600 | **1-Year:** 43432.54258500 | **5-Year:** 42730.20808600 | **10-Year:** 74779.76559700 | **30-Year:** 5836.97372000

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

- **3-Month:** 106.28462300 | **1-Year:** 2547.53146300 | **5-Year:** 4753.54839000 | **10-Year:** 37.96948000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059825 | -0.31%               | 1.05%                | 0.42%                |
| Class ID C000059826 | -0.32%               | 1.06%                | 0.36%                |
| Class ID C000059827 | -0.21%               | 1.05%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4138762.30             | $-1195062.82                               |
| Month 2  | $-2198459.87             | $13661413.89                               |
| Month 3  | $-2424640.48             | $2884558.72                                |

**Designated Index Information**

- **Index Name:** Portfolio excl Derivatives

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| British Airways Pass-Through Trust                                 | British Airways Pass-Through Trust, Series 2021-1, Class B                                     | CUSIP: 11042CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4303784 | PA      | $3551881.44   | 0.30%             | 2031-09-15      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| PTC, Inc.                                                          | PTC, Inc.                                                                                      | CUSIP: 69370CAB6<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1285781.45   | 0.11%             | 2025-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                   | Amazon.com, Inc.                                                                               | CUSIP: 023135CM6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5003487.55   | 0.43%             | 2024-11-29      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NRZ Advance Receivables Trust                                      | NRZ Advance Receivables Trust, Series 2020-T2, Class AT2                                       | CUSIP: 62942QCW1<br>LEI: 549300RNWDDBV4LFKJ17 | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $8667943.20   | 0.74%             | 2053-09-15      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                | U.S. Treasury 5 Year Note                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -343 | NC      | $31333.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp.                                        | Raytheon Technologies Corp.                                                                    | CUSIP: 913017DB2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2596000 | PA      | $2574148.43   | 0.22%             | 2023-08-16      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CCT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50250000 | PA      | $46944492.19  | 3.99%             | 2024-08-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| LCM 37 Ltd.                                                        | LCM 37 Ltd., Series 37A, Class A1                                                              | CUSIP: 50204JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1677179.20   | 0.14%             | 2034-04-15      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| LL ABS Trust                                                       | LL ABS Trust, Series 2022-1A, Class A                                                          | CUSIP: 50203YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1780833 | PA      | $1744025.07   | 0.15%             | 2029-11-15      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                          | Vistra Operations Co. LLC                                                                      | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1660159.38   | 0.14%             | 2027-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Ares LVI CLO Ltd.                                                  | Ares LVI CLO Ltd., Series 2020-56A, Class AR                                                   | CUSIP: 04018NAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2631606.30   | 0.22%             | 2034-10-25      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                | U.S. Treasury 10 Year Note                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -236 | NC      | $146933.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodgreen                                                          | Goodgreen, Series 2022-1A, Class A                                                             | CUSIP: 38218JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2093989 | PA      | $1826964.44   | 0.16%             | 2056-10-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| Goodgreen Trust                                                    | Goodgreen Trust, Series 2017-1A, Class A                                                       | CUSIP: 38217VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250425 | PA      | $231976.20    | 0.02%             | 2052-10-15      | Fixed         | 3.74%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                         | UMBS                                                                                           | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5860320 | PA      | $5641032.63   | 0.48%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                        | Intel Corp.                                                                                    | CUSIP: 458140BD1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1948223.62   | 0.17%             | 2024-05-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| GSAA Trust                                                         | GSAA Trust, Series 2004-NC1, Class AF6                                                         | CUSIP: 36228FC38<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1862 | PA      | $1724.67      | 0.00%             | 2033-11-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                          | Williams Cos., Inc. (The)                                                                      | CUSIP: 96950FAQ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4382236.40   | 0.37%             | 2025-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| Var Energi ASA                                                     | Var Energi ASA                                                                                 | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1000000 | PA      | $1018601.78   | 0.09%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Fells Point Funding Trust                                          | Fells Point Funding Trust                                                                      | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4277428.59   | 0.36%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 912828K74<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5665546.86   | 0.48%             | 2025-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                                 | Royalty Pharma plc                                                                             | CUSIP: 78081BAG8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   9957000 | PA      | $9646193.04   | 0.82%             | 2023-09-02      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| BPCE SA                                                            | BPCE SA                                                                                        | CUSIP: 05578QAB9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2620000 | PA      | $2564745.43   | 0.22%             | 2024-07-21      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Wellman Park CLO Ltd.                                              | Wellman Park CLO Ltd., Series 2021-1A, Class A                                                 | CUSIP: 949723AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9782580.00   | 0.83%             | 2034-07-15      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| RASC Trust                                                         | RASC Trust, Series 2005-KS12, Class M2                                                         | CUSIP: 753910AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2786990 | PA      | $2768594.52   | 0.24%             | 2036-01-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                             | Credit Suisse Group AG                                                                         | CUSIP: 225401AM0<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1500000 | PA      | $1326090.65   | 0.11%             | 2025-09-11      | Variable      | 2.59%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                                          | HCA, Inc.                                                                                      | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    650000 | PA      | $649213.05    | 0.06%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RR 19 Ltd.                                                         | RR 19 Ltd., Series 2021-19A, Class A1                                                          | CUSIP: 74983AAA1<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-CBDO         | CORP              | KY        |   8750000 | PA      | $8567501.25   | 0.73%             | 2035-10-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                  | Philip Morris International, Inc.                                                              | CUSIP: 718172CT4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3003965.46   | 0.26%             | 2024-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| New Residential Mortgage Loan Trust                                | New Residential Mortgage Loan Trust, Series 2016-3A, Class A1                                  | CUSIP: 64829HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2056-09-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                                                 | VICI Properties LP                                                                             | CUSIP: 92564RAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1272820.50   | 0.11%             | 2025-02-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: —       |
| Hyundai Capital America                                            | Hyundai Capital America                                                                        | CUSIP: 44891ABN6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5396508.12   | 0.46%             | 2025-10-15      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 912828XT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $15415624.96  | 1.31%             | 2024-05-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                                        | Visio Trust, Series 2019-2, Class A1                                                           | CUSIP: 92837DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4193030 | PA      | $3888144.66   | 0.33%             | 2054-11-25      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CBV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $15140000.00  | 1.29%             | 2024-04-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Soundview Home Loan Trust                                          | Soundview Home Loan Trust, Series 2006-WF2, Class M1                                           | CUSIP: 83612MAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15847 | PA      | $15828.06     | 0.00%             | 2036-12-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2020-SFR2, Class C                                         | CUSIP: 89613JAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $826290.90    | 0.07%             | 2039-11-17      | Fixed         | 2.03%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1003750.00   | 0.09%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2686523.43   | 0.23%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                   | Bank of Montreal, Series H                                                                     | CUSIP: 06368LAP1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9866786.70   | 0.84%             | 2024-09-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Cedar Funding VIII CLO Ltd.                                        | Cedar Funding VIII CLO Ltd., Series 2017-8A, Class A1R                                         | CUSIP: 15032EAL3<br>LEI: 549300PTCF9P2JDL1E69 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1511820.40   | 0.13%             | 2034-10-17      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| LCM 34 Ltd.                                                        | LCM 34 Ltd., Series 34A, Class A1                                                              | CUSIP: 50203CAA1<br>LEI: 54930038DJKYPKSVRB29 | Long             | ABS-CBDO         | CORP              | KY        |  11450000 | PA      | $11178795.30  | 0.95%             | 2034-10-20      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                                           | John Deere Capital Corp.                                                                       | CUSIP: 24422EWM7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4999342.45   | 0.42%             | 2024-10-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| FNMA                                                               | UMBS                                                                                           | CUSIP: 31418EKR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3492556 | PA      | $3174003.08   | 0.27%             | 2052-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dryden 76 CLO Ltd.                                                 | Dryden 76 CLO Ltd., Series 2019-76A, Class A1R                                                 | CUSIP: 26252WAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $194461.40    | 0.02%             | 2034-10-20      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                                   | Boeing Co. (The)                                                                               | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2719688.26   | 0.23%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: —       |
| PRPM LLC                                                           | PRPM LLC, Series 2021-RPL2, Class M1                                                           | CUSIP: 69357QAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900000 | PA      | $1639150.71   | 0.14%             | 2051-10-25      | Variable      | 2.93%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CEU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24000000 | PA      | $23196562.56  | 1.97%             | 2025-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                | GS Mortgage-Backed Securities Trust, Series 2022-NQM1, Class A16                               | CUSIP: 36264EBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3777342 | PA      | $3301053.81   | 0.28%             | 2062-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CANTOR FITZGERAL & CO                                              | Government Agency Repurchase Agreement                                                         | CUSIP: N/A<br>LEI: 5493004J7H4GCPG6OB62       | Long             | RA               | CORP              | US        |   4722834 | PA      | $4722833.50   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SPGN Mortgage Trust                                                | SPGN Mortgage Trust, Series 2022-TFLM, Class D                                                 | CUSIP: 78473HAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5730000 | PA      | $5298584.29   | 0.45%             | 2039-02-15      | Floating      | 7.84%                 | Yes           |                  2 | On Loan: No      |
| Bacardi Ltd.                                                       | Bacardi Ltd.                                                                                   | CUSIP: 067316AE9<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4851517.90   | 0.41%             | 2025-05-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                | CDI                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        | 110000000 | PA      | $-752304.34   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                          | Vistra Operations Co. LLC                                                                      | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1601631.22   | 0.14%             | 2024-07-15      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                           | Lumen Technologies, Inc.                                                                       | CUSIP: 156700BC9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1186433.51   | 0.10%             | 2027-02-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| E3                                                                 | E3, Series 2019-1, Class A                                                                     | CUSIP: 269330AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1283287 | PA      | $1099678.02   | 0.09%             | 2055-09-20      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Daimler Trucks Finance North America LLC                           | Daimler Trucks Finance North America LLC                                                       | CUSIP: 233853AB6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4803451.75   | 0.41%             | 2023-12-14      | Fixed         | 1.12%                 | Yes           |                  2 | On Loan: —       |
| National Australia Bank Ltd.                                       | National Australia Bank Ltd.                                                                   | CUSIP: 63254ABG2<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |   2500000 | PA      | $2510062.05   | 0.21%             | 2024-11-22      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| Walt Disney Co. (The)                                              | Walt Disney Co. (The)                                                                          | CUSIP: 254687CZ7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5869688.28   | 0.50%             | 2024-09-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $929062.50    | 0.08%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Citizens Bank NA                                                   | Citizens Bank NA                                                                               | CUSIP: 75524KPT5<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4045033.64   | 0.34%             | 2025-10-24      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.                          | Carlyle Global Market Strategies CLO Ltd., Series 2016-1A, Class A1R2                          | CUSIP: 14312HAU0<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $681349.90    | 0.06%             | 2034-04-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MassMutual Global Funding II                                       | MassMutual Global Funding II                                                                   | CUSIP: 57629WCU2<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6870874.15   | 0.58%             | 2023-06-09      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24000000 | PA      | $20452500.00  | 1.74%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank NA                                                | Fifth Third Bank NA                                                                            | CUSIP: 31677QBT5<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5050495.85   | 0.43%             | 2025-10-27      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                              | United Airlines, Inc.                                                                          | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    255000 | PA      | $222027.40    | 0.02%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                                   | CSC Holdings LLC                                                                               | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $1778417.95   | 0.15%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                        | Toronto-Dominion Bank (The)                                                                    | CUSIP: 89114TZE5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9306421.10   | 0.79%             | 2024-09-10      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                         | Verus Securitization Trust, Series 2022-3, Class A1                                            | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4654382 | PA      | $4393648.77   | 0.37%             | 2067-02-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Golden Bear LLC                                                    | Golden Bear LLC, Series 2016-1A, Class A                                                       | CUSIP: 38081EAA9<br>LEI: 549300T04S4BVE82F105 | Long             | ABS-O            | CORP              | US        |    606962 | PA      | $532425.99    | 0.05%             | 2047-09-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust                         | Mercury Financial Credit Card Master Trust, Series 2022-1A, Class A                            | CUSIP: 58940BAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8081106.40   | 0.69%             | 2026-09-21      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                          | Towd Point Mortgage Trust, Series 2018-3, Class A1                                             | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414415 | PA      | $391782.65    | 0.03%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating LLC                               | Charter Communications Operating LLC                                                           | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3920403.92   | 0.33%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                       | UBS Group AG                                                                                   | CUSIP: 902613AB4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4000000 | PA      | $3889384.88   | 0.33%             | 2024-07-30      | Variable      | 1.01%                 | Yes           |                  2 | On Loan: No      |
| Reese Park CLO Ltd.                                                | Reese Park CLO Ltd., Series 2020-1A, Class AR                                                  | CUSIP: 758465BA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1264348.80   | 0.11%             | 2034-10-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2019-SFR1, Class A                                         | CUSIP: 89612LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5157129 | PA      | $4724728.07   | 0.40%             | 2038-03-17      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                         | Warnermedia Holdings, Inc.                                                                     | CUSIP: 55903VAC7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9707682.70   | 0.83%             | 2024-03-15      | Fixed         | 3.43%                 | Yes           |                  2 | On Loan: —       |
| Air Canada                                                         | Air Canada                                                                                     | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    595000 | PA      | $527010.95    | 0.04%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MassMutual Global Funding II                                       | MassMutual Global Funding II                                                                   | CUSIP: 57629WDK3<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4891035.20   | 0.42%             | 2025-08-26      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: —       |
| Viasat, Inc.                                                       | Viasat, Inc.                                                                                   | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1226272.50   | 0.10%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding XII CLO Ltd.                                         | Cedar Funding XII CLO Ltd., Series 2020-12A, Class A1R                                         | CUSIP: 15033TAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3203280.30   | 0.27%             | 2034-10-25      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| UBS AG                                                             | UBS AG                                                                                         | CUSIP: 870836AC7<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   5000000 | PA      | $5176422.15   | 0.44%             | 2025-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GoldentTree Loan Management US CLO 1 Ltd.                          | GoldentTree Loan Management US CLO 1 Ltd., Series 2021-9A, Class A                             | CUSIP: 38138JAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9782340.00   | 0.83%             | 2033-01-20      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| FCI Funding LLC                                                    | FCI Funding LLC, Series 2021-1A, Class A                                                       | CUSIP: 30260GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1352012 | PA      | $1320410.90   | 0.11%             | 2033-04-15      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2019-SFR1, Class E                                         | CUSIP: 89612LAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1787213.80   | 0.15%             | 2038-03-17      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                            | BPCE SA                                                                                        | CUSIP: 05583JAF9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $2961300.00   | 0.25%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                              | NextEra Energy Capital Holdings, Inc.                                                          | CUSIP: 65339KCF5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8881374.87   | 0.75%             | 2024-06-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co.                                                      | HB Fuller Co.                                                                                  | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    250000 | PA      | $230625.00    | 0.02%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| UnitedHealth Group, Inc.                                           | UnitedHealth Group, Inc.                                                                       | CUSIP: 91324PDR0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4807981.15   | 0.41%             | 2024-08-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| Calpine Corp.                                                      | Calpine Corp.                                                                                  | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1204170.57   | 0.10%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CDN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  89000000 | PA      | $83298437.50  | 7.08%             | 2024-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                     | Morgan Stanley                                                                                 | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4914277.10   | 0.42%             | 2026-07-17      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 912828M56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3785937.52   | 0.32%             | 2025-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cedar Funding VII CLO Ltd.                                         | Cedar Funding VII CLO Ltd., Series 2018-7A, Class A1                                           | CUSIP: 15032FAA4<br>LEI: 549300G87EGFMLOYN341 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2962305.00   | 0.25%             | 2031-01-20      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding XII CLO Ltd.                                         | Cedar Funding XII CLO Ltd., Series 2020-12A, Class BR                                          | CUSIP: 15033TAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $659824.20    | 0.06%             | 2034-10-25      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I Ltd.                                                | Owl Rock CLO I Ltd., Series 2019-1A, Class A                                                   | CUSIP: 69122DAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9766670.00   | 0.83%             | 2031-05-20      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Partners LP                                        | Targa Resources Partners LP                                                                    | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3815834.36   | 0.32%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Apple, Inc.                                                        | Apple, Inc.                                                                                    | CUSIP: 037833CG3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4900014.80   | 0.42%             | 2024-02-09      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| BPCE SA                                                            | BPCE SA                                                                                        | CUSIP: 05578QAA1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   6800000 | PA      | $6748755.61   | 0.57%             | 2023-10-22      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: —       |
| Huntington National Bank (The)                                     | Huntington National Bank (The)                                                                 | CUSIP: 44644MAH4<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5009929.35   | 0.43%             | 2025-11-18      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                               | American Airlines Pass-Through Trust, Series 2013-2, Class A                                   | CUSIP: 02377UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1235200 | PA      | $1233513.15   | 0.10%             | 2023-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                               | American Airlines Pass-Through Trust, Series 2015-2, Class B                                   | CUSIP: 02377BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2480992 | PA      | $2438421.16   | 0.21%             | 2023-09-22      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                                        | AREIT Trust, Series 2022-CRE6, Class A                                                         | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2661921 | PA      | $2542005.39   | 0.22%             | 2037-01-16      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                                  | HSBC Holdings plc                                                                              | CUSIP: 404280CS6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1851764.20   | 0.16%             | 2025-05-24      | Variable      | 0.98%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                              | Bank of America Corp.                                                                          | CUSIP: 06051GJH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9588534.60   | 0.81%             | 2024-10-24      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                 | United Airlines Pass-Through Trust, Series 2016-1, Class B                                     | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.10         | 0.00%             | 2026-01-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                          | Vistra Operations Co. LLC                                                                      | CUSIP: 92840VAL6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1955440.00   | 0.17%             | 2025-05-13      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| International Game Technology plc                                  | International Game Technology plc                                                              | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1750000 | PA      | $1632145.20   | 0.14%             | 2026-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2017-SFR2, Class A                                         | CUSIP: 89613FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12724696 | PA      | $12337881.37  | 1.05%             | 2036-01-17      | Fixed         | 2.93%                 | Yes           |                  2 | On Loan: No      |
| JBS USA LUX SA                                                     | JBS USA LUX SA                                                                                 | CUSIP: 46590XAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3045000 | PA      | $2520177.81   | 0.21%             | 2029-02-02      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                               | UMBS                                                                                           | CUSIP: 31418ECU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2978693 | PA      | $2649244.35   | 0.23%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 38 Ltd.                         | Neuberger Berman Loan Advisers CLO 38 Ltd., Series 2020-38A, Class AR                          | CUSIP: 64133RAJ5<br>LEI: 549300SM4FYZ8US63U33 | Long             | ABS-CBDO         | CORP              | KY        |   9300000 | PA      | $9075051.60   | 0.77%             | 2035-10-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                                    | Citigroup, Inc.                                                                                | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3514969.43   | 0.30%             | 2026-09-29      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                  | Wells Fargo & Co.                                                                              | CUSIP: 94974BFN5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6958084.63   | 0.59%             | 2023-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| New Residential Mortgage Loan Trust                                | New Residential Mortgage Loan Trust, Series 2014-3A, Class AFX3                                | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2054-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| 37 Capital CLO I                                                   | 37 Capital CLO I, Series 2021-1A, Class A                                                      | CUSIP: 88430TAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9400000 | PA      | $9044839.80   | 0.77%             | 2034-10-15      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                           | Angel Oak Mortgage Trust, Series 2020-1, Class A1                                              | CUSIP: 03464RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2382893 | PA      | $2225639.30   | 0.19%             | 2059-12-25      | Variable      | 2.47%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                               | FNMA                                                                                           | CUSIP: 31410DWE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28313 | PA      | $27925.50     | 0.00%             | 2036-08-01      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| FCI Funding LLC                                                    | FCI Funding LLC, Series 2019-1A, Class A                                                       | CUSIP: 30259MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52826 | PA      | $52775.61     | 0.00%             | 2031-02-18      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                                             | WEC Energy Group, Inc.                                                                         | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999490.50   | 0.17%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                         | Verus Securitization Trust, Series 2022-1, Class A2                                            | CUSIP: 92538WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3191793 | PA      | $2685507.92   | 0.23%             | 2067-01-25      | Variable      | 3.03%                 | Yes           |                  2 | On Loan: No      |
| Triton Container International Ltd.                                | Triton Container International Ltd.                                                            | CUSIP: 89680YAB1<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9248173.60   | 0.79%             | 2024-06-07      | Fixed         | 1.15%                 | Yes           |                  2 | On Loan: No      |
| Five Corners Funding Trust                                         | Five Corners Funding Trust                                                                     | CUSIP: 33829TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7577000 | PA      | $7511733.77   | 0.64%             | 2023-11-15      | Fixed         | 4.42%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                               | FNMA                                                                                           | CUSIP: 31403FFL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    185029 | PA      | $183496.66    | 0.02%             | 2034-07-01      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                                        | Targa Resources Partners LP                                                                    | CUSIP: 87612BBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1358558.95   | 0.12%             | 2027-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Verus Securitization Trust                                         | Verus Securitization Trust, Series 2022-1, Class A3                                            | CUSIP: 92538WAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3175424 | PA      | $2579445.86   | 0.22%             | 2067-01-25      | Variable      | 3.29%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes                                              | Tricon American Homes, Series 2020-SFR1, Class B                                               | CUSIP: 89613GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4760000 | PA      | $4178965.36   | 0.36%             | 2038-07-17      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 32 Ltd.                         | Neuberger Berman Loan Advisers CLO 32 Ltd., Series 2019-32A, Class AR                          | CUSIP: 64132DAJ7<br>LEI: 5493007YBEOXQIHH3C54 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1966842.00   | 0.17%             | 2032-01-20      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                               | Government Agency Repurchase Agreement                                                         | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | RA               | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2020-SFR2, Class D                                         | CUSIP: 89613JAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5764000 | PA      | $4747909.40   | 0.40%             | 2039-11-17      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 912828ZF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 100000000 | PA      | $91843750.00  | 7.81%             | 2025-03-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                               | UMBS                                                                                           | CUSIP: 3140JHAG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2602690 | PA      | $2484860.44   | 0.21%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                               | FNMA                                                                                           | CUSIP: 31413MRL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64062 | PA      | $63169.38     | 0.01%             | 2037-09-01      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2020-SFR2, Class E1                                        | CUSIP: 89613JAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2826000 | PA      | $2311226.58   | 0.20%             | 2039-11-17      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corp.                                                      | Comcast Corp.                                                                                  | CUSIP: 20030NCR0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7385676.45   | 0.63%             | 2024-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| VICI Properties LP                                                 | VICI Properties LP                                                                             | CUSIP: 92564RAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2099351.20   | 0.18%             | 2024-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| Morgan Stanley Bank of America Merrill Lynch Trust                 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C8, Class XA                   | CUSIP: 61761QAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1151008 | PA      | $1.15         | 0.00%             | 2048-12-15      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| ARES XLIV CLO Ltd.                                                 | ARES XLIV CLO Ltd., Series 2017-44A, Class A1R                                                 | CUSIP: 04016NAM5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10500000 | PA      | $10227136.50  | 0.87%             | 2034-04-15      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                                         | Verus Securitization Trust, Series 2022-3, Class A2                                            | CUSIP: 92538UAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6206757 | PA      | $5609793.58   | 0.48%             | 2067-02-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Continental Resources, Inc.                                        | Continental Resources, Inc.                                                                    | CUSIP: 212015AL5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   2810000 | PA      | $2803199.80   | 0.24%             | 2023-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| BAT International Finance plc                                      | BAT International Finance plc                                                                  | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   2250000 | PA      | $2083862.79   | 0.18%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Renew                                                              | Renew, Series 2018-1, Class A                                                                  | CUSIP: 75973FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1812904 | PA      | $1665335.49   | 0.14%             | 2053-09-20      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                                     | Avant Credit Card Master Trust, Series 2021-1A, Class A                                        | CUSIP: 05351KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2058467.40   | 0.17%             | 2027-04-15      | Fixed         | 1.37%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                              | FHLMC                                                                                          | CUSIP: 3128S4WH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    156956 | PA      | $157221.04    | 0.01%             | 2037-06-01      | Variable      | 2.59%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XXXIII                                                  | Apidos CLO XXXIII, Series 2020-33A, Class AR                                                   | CUSIP: 03768MAJ6<br>LEI: 549300DDYHDQJDDDWB27 | Long             | ABS-CBDO         | CORP              | KY        |  12500000 | PA      | $12190375.00  | 1.04%             | 2034-10-24      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                              | Lockheed Martin Corp.                                                                          | CUSIP: 539830BU2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3525290.62   | 0.30%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Siemens Financieringsmaatschappij NV                               | Siemens Financieringsmaatschappij NV                                                           | CUSIP: 82620KAS2<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $4887344.70   | 0.42%             | 2024-03-16      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                   | CCO Holdings LLC                                                                               | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1304898.00   | 0.11%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| AMSR Trust                                                         | AMSR Trust, Series 2020-SFR3, Class E1                                                         | CUSIP: 001807AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2082000 | PA      | $1854478.21   | 0.16%             | 2037-09-17      | Fixed         | 2.56%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                | U.S. Treasury 2 Year Note                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       987 | NC      | $63647.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Automobile Receivables Trust                              | Westlake Automobile Receivables Trust, Series 2022-1A, Class B                                 | CUSIP: 96042WAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $481674.25    | 0.04%             | 2027-03-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                 | United Airlines Pass-Through Trust, Series 2020-1, Class A                                     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2371150 | PA      | $2337825.62   | 0.20%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies BV                                            | Sensata Technologies BV                                                                        | CUSIP: 81725WAH6<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    650000 | PA      | $643747.00    | 0.05%             | 2024-11-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| International Business Machines Corp.                              | International Business Machines Corp.                                                          | CUSIP: 459200KS9<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4918857.25   | 0.42%             | 2025-07-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                        | Toronto-Dominion Bank (The)                                                                    | CUSIP: 89115A2J0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3458967.02   | 0.29%             | 2024-09-13      | Fixed         | 4.29%                 | No            |                  2 | On Loan: —       |
| American Airlines Pass-Through Trust                               | American Airlines Pass-Through Trust, Series 2016-3, Class B                                   | CUSIP: 023771S41<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.04         | 0.00%             | 2025-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                                | Carlyle US CLO Ltd., Series 2020-2A, Class BR                                                  | CUSIP: 14315GAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $135368.40    | 0.01%             | 2035-01-25      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Ares LXIII CLO Ltd.                                                | Ares LXIII CLO Ltd., Series 2022-63A, Class A1A                                                | CUSIP: 039937AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4873485.00   | 0.41%             | 2035-04-20      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley ABS Capital I, Inc. Trust                           | Morgan Stanley ABS Capital I, Inc. Trust, Series 2005-NC1, Class A2C                           | CUSIP: 61744CMH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1296950 | PA      | $1291975.70   | 0.11%             | 2035-01-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                  | Wells Fargo & Co.                                                                              | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2939877.90   | 0.25%             | 2026-08-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: —       |
| Sequoia Mortgage Trust                                             | Sequoia Mortgage Trust, Series 2017-CH1, Class A2                                              | CUSIP: 81746HAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71366 | PA      | $65171.96     | 0.01%             | 2047-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                               | Royal Bank of Canada                                                                           | CUSIP: 78016FZR8<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5057238.65   | 0.43%             | 2024-10-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: —       |
| Renew                                                              | Renew, Series 2017-2A, Class A                                                                 | CUSIP: 75973KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1620151 | PA      | $1420796.27   | 0.12%             | 2053-09-22      | Fixed         | 3.22%                 | Yes           |                  2 | On Loan: No      |
| Continental Resources, Inc.                                        | Continental Resources, Inc.                                                                    | CUSIP: 212015AN1<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3889709.16   | 0.33%             | 2024-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| Equifax, Inc.                                                      | Equifax, Inc.                                                                                  | CUSIP: 294429AQ8<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4765927.75   | 0.41%             | 2024-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                           | UnitedHealth Group, Inc.                                                                       | CUSIP: 91324PEM0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5021220.15   | 0.43%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                               | JPMorgan Chase & Co.                                                                           | CUSIP: 46647PBS4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9643475.80   | 0.82%             | 2024-09-16      | Variable      | 0.65%                 | No            |                  2 | On Loan: —       |
| Vistra Operations Co. LLC                                          | Vistra Operations Co. LLC                                                                      | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $911821.68    | 0.08%             | 2027-01-30      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                               | JPMorgan Chase & Co.                                                                           | CUSIP: 46647PAY2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2896000 | PA      | $2852800.11   | 0.24%             | 2024-12-05      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                   | GE HealthCare Technologies, Inc.                                                               | CUSIP: 36267VAA1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9032402.34   | 0.77%             | 2024-11-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: —       |
| Credit Agricole SA                                                 | Credit Agricole SA                                                                             | CUSIP: 225313AF2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   7470000 | PA      | $7205897.03   | 0.61%             | 2025-03-17      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                            | Mercedes-Benz Finance North America LLC                                                        | CUSIP: 58769JAA5<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2765543.61   | 0.24%             | 2024-11-27      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FREED ABS Trust                                                    | FREED ABS Trust, Series 2022-2CP, Class A                                                      | CUSIP: 35633LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    690873 | PA      | $686610.91    | 0.06%             | 2029-05-18      | Fixed         | 3.03%                 | Yes           |                  2 | On Loan: No      |
| Linde, Inc.                                                        | Linde, Inc.                                                                                    | CUSIP: 53522KAA1<br>LEI: ZU69GUVJQGZ6Z1UOOO79 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4010982.68   | 0.34%             | 2024-12-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates | Park Place Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-WCH1, Class M4 | CUSIP: 70069FFL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453546 | PA      | $443266.29    | 0.04%             | 2036-01-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                    | Citigroup, Inc.                                                                                | CUSIP: 172967MX6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4682203.75   | 0.40%             | 2025-05-01      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29281640.70  | 2.49%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                     | Citizens Financial Group, Inc.                                                                 | CUSIP: 174610AK1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3152307.54   | 0.27%             | 2025-12-03      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RALI Trust                                                         | RALI Trust, Series 2003-QS20, Class CB                                                         | CUSIP: 76110HMB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29635 | PA      | $19262.46     | 0.00%             | 2018-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                 | United Airlines Pass-Through Trust, Series 2019-2, Class B                                     | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132309 | PA      | $113884.26    | 0.01%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SPGN Mortgage Trust                                                | SPGN Mortgage Trust, Series 2022-TFLM, Class C                                                 | CUSIP: 78473HAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270000 | PA      | $1185882.19   | 0.10%             | 2039-02-15      | Floating      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                                | Carlyle US CLO Ltd., Series 2020-2A, Class A1R                                                 | CUSIP: 14315GAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $145522.65    | 0.01%             | 2035-01-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential Trust                                           | Tricon Residential Trust, Series 2022-SFR1, Class D                                            | CUSIP: 89616QAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2050032.15   | 0.17%             | 2039-04-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                | New Residential Mortgage Loan Trust, Series 2016-2A, Class A1                                  | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4030618 | PA      | $3731441.35   | 0.32%             | 2035-11-26      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXXV                                                    | Apidos CLO XXXV, Series 2021-35A, Class A                                                      | CUSIP: 03768UAA7<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |   7600000 | PA      | $7394480.80   | 0.63%             | 2034-04-20      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                              | FHLMC                                                                                          | CUSIP: 3128JN3K9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    106063 | PA      | $104843.52    | 0.01%             | 2037-10-01      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating LP                                       | Sun Communities Operating LP                                                                   | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   1786000 | PA      | $1486800.81   | 0.13%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Goodgreen                                                          | Goodgreen, Series 2019-2A, Class A                                                             | CUSIP: 38218EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4935077 | PA      | $4243960.35   | 0.36%             | 2055-04-15      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| Eleven Madison Mortgage Trust                                      | Eleven Madison Mortgage Trust, Series 2015-11MD, Class A                                       | CUSIP: 556227AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2025000 | PA      | $1870235.53   | 0.16%             | 2035-09-10      | Variable      | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Atalaya Equipment Leasing Trust                                    | Atalaya Equipment Leasing Trust, Series 2021-1A, Class A2                                      | CUSIP: 046497AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1490333 | PA      | $1447342.13   | 0.12%             | 2026-05-15      | Fixed         | 1.23%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XXXII Ltd.                                               | Magnetite XXXII Ltd., Series 2022-32A, Class A                                                 | CUSIP: 55953WAA8<br>LEI: 549300QUG3I8PF6T6C52 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9862700.00   | 0.84%             | 2035-04-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| HERO Funding Trust                                                 | HERO Funding Trust, Series 2015-2A, Class A                                                    | CUSIP: 42770UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288122 | PA      | $272776.06    | 0.02%             | 2040-09-20      | Fixed         | 3.99%                 | Yes           |                  2 | On Loan: No      |
| AMSR Trust                                                         | AMSR Trust, Series 2020-SFR3, Class E2                                                         | CUSIP: 001807AF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3718000 | PA      | $3312942.86   | 0.28%             | 2037-09-17      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| Shire Acquisitions Investments Ireland DAC                         | Shire Acquisitions Investments Ireland DAC                                                     | CUSIP: 82481LAC3<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |   4060000 | PA      | $3989917.25   | 0.34%             | 2023-09-23      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                     | DTE Energy Co.                                                                                 | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   9250000 | PA      | $9092273.07   | 0.77%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| FNMA                                                               | UMBS                                                                                           | CUSIP: 31418EGJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3913219 | PA      | $3670749.04   | 0.31%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                        | Tricon American Homes Trust, Series 2018-SFR1, Class E                                         | CUSIP: 89613TAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6250000 | PA      | $5846106.88   | 0.50%             | 2037-05-17      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                              | Ashtead Capital, Inc.                                                                          | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   3726000 | PA      | $3397083.66   | 0.29%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                | New Residential Mortgage Loan Trust, Series 2018-5A, Class A1                                  | CUSIP: 64829XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2057-12-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Moog, Inc.                                                         | Moog, Inc.                                                                                     | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1850000.00   | 0.16%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| BNP Paribas SA                                                     | BNP Paribas SA                                                                                 | CUSIP: 09659W2J2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $4736391.90   | 0.40%             | 2025-11-19      | Variable      | 2.82%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                                         | Verus Securitization Trust, Series 2022-1, Class A1                                            | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9592607 | PA      | $8337051.43   | 0.71%             | 2067-01-25      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Amsted Industries, Inc.                                            | Amsted Industries, Inc.                                                                        | CUSIP: 032177AH0<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1992186.00   | 0.17%             | 2027-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Invesco CLO Ltd.                                                   | Invesco CLO Ltd., Series 2021-2A, Class A                                                      | CUSIP: 46149MAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9710280.00   | 0.83%             | 2034-07-15      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                              | Westlake Automobile Receivables Trust, Series 2022-1A, Class C                                 | CUSIP: 96042WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3050000 | PA      | $2901178.30   | 0.25%             | 2027-03-15      | Fixed         | 3.11%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                                    | Citigroup, Inc.                                                                                | CUSIP: 172967NQ0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4903187.70   | 0.42%             | 2025-05-24      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Air Canada Pass-Through Trust                                      | Air Canada Pass-Through Trust, Series 2015-1, Class B                                          | CUSIP: 009090AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   5390985 | PA      | $5352921.76   | 0.45%             | 2023-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NRZ Advance Receivables Trust                                      | NRZ Advance Receivables Trust, Series 2020-T2, Class BT2                                       | CUSIP: 62942QCX9<br>LEI: 549300RNWDDBV4LFKJ17 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $575670.66    | 0.05%             | 2053-09-15      | Fixed         | 1.72%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corp.                                       | Chase Mortgage Finance Corp., Series 2016-SH1, Class M2                                        | CUSIP: 16163YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725291 | PA      | $607633.58    | 0.05%             | 2045-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding II CLO Ltd.                                          | Cedar Funding II CLO Ltd., Series 2013-1A, Class ARR                                           | CUSIP: 15032TBE5<br>LEI: 254900Q56WTD2BRLBE32 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4837895.00   | 0.41%             | 2034-04-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Invesco CLO Ltd.                                                   | Invesco CLO Ltd., Series 2021-1A, Class A1                                                     | CUSIP: 46090XAA9<br>LEI: 25490016C8NV86EY2059 | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | PA      | $1312047.45   | 0.11%             | 2034-04-15      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Pricoa Global Funding I                                            | Pricoa Global Funding I                                                                        | CUSIP: 74153WCR8<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2939730.81   | 0.25%             | 2025-08-28      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                           | U.S. Treasury Notes                                                                            | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20000781.20  | 1.70%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Open Text Corp.                                                    | Open Text Corp., Term Loan                                                                     | CUSIP: 68371YAJ2<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |    923655 | PA      | $901524.54    | 0.08%             | 2025-05-30      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Cedar Funding X CLO Ltd.                                           | Cedar Funding X CLO Ltd., Series 2019-10A, Class AR                                            | CUSIP: 15033XAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2683450.00   | 0.23%             | 2032-10-20      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                                | Carlyle US CLO Ltd., Series 2021-1A, Class A1                                                  | CUSIP: 14316MAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $6845300.00   | 0.58%             | 2034-04-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                               | American Airlines Pass-Through Trust, Series 2015-1, Class B                                   | CUSIP: 023770AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1396418 | PA      | $1381263.53   | 0.12%             | 2023-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO LLC                                             | Southwick Park CLO LLC, Series 2019-4A, Class A1R                                              | CUSIP: 846031AN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4907895.00   | 0.42%             | 2032-07-20      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 40 Ltd.                         | Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A                           | CUSIP: 64134JAA1<br>LEI: 549300Y2YE54ON4DJE28 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4920185.00   | 0.42%             | 2033-04-16      | Floating      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.                       | Fidelity National Information Services, Inc.                                                   | CUSIP: 31620MBV7<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3922218.52   | 0.33%             | 2025-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                            | Level 3 Financing, Inc.                                                                        | CUSIP: 527298BN2<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    650000 | PA      | $541125.00    | 0.05%             | 2027-09-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Atalaya Equipment Leasing Trust                                    | Atalaya Equipment Leasing Trust, Series 2021-1A, Class B                                       | CUSIP: 046497AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $562491.60    | 0.05%             | 2027-02-15      | Fixed         | 2.08%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XXVIII Ltd.                                              | Magnetite XXVIII Ltd., Series 2020-28A, Class AR                                               | CUSIP: 55955LAJ1<br>LEI: 54930077HHZ1QV5CPQ30 | Long             | ABS-CBDO         | CORP              | KY        |  10600000 | PA      | $10305150.40  | 0.88%             | 2035-01-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| RR 1 LLC                                                           | RR 1 LLC, Series 2017-1A, Class A1AB                                                           | CUSIP: 78108YAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4900000 | PA      | $4790867.20   | 0.41%             | 2035-07-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Eversource Energy                                                  | Eversource Energy                                                                              | CUSIP: 30040WAS7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8895684.24   | 0.76%             | 2024-06-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                                   | Principal Life Global Funding II                                                               | CUSIP: 74256LBJ7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5666561.88   | 0.48%             | 2024-11-21      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Kite Realty Group Trust                                            | Kite Realty Group Trust                                                                        | CUSIP: 76131VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7650000 | PA      | $7276805.77   | 0.62%             | 2025-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                               | UMBS                                                                                           | CUSIP: 31418EKU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3451597.45   | 0.29%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                              | Bank of America Corp.                                                                          | CUSIP: 06051GHR3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4867279.70   | 0.41%             | 2025-03-15      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Nationwide Variable Insurance Trust

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer