# EDGAR Filing Document

**Accession Number:** 0000063075
**File Stem:** 0001752724-23-068530
**Filing Date:** 2023-3
**Character Count:** 215985
**Document Hash:** 875939552a27eefdb23fb9d41e5e79fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068530.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068530

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST IX
- **CENTRAL INDEX KEY:** 0000063075
- **IRS NUMBER:** 042535629
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02464
- **FILM NUMBER:** 23766983

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST IX /MA/
- **DATE OF NAME CHANGE:** 19951218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST IX
- **DATE OF NAME CHANGE:** 19950207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS BOND FUND
- **DATE OF NAME CHANGE:** 19930408

## Series and Classes Contracts Data

### MFS Corporate Bond Fund (Series ID: S000002492)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006711 | A            | MFBFX           |
| C000006712 | R4           | MFBJX           |
| C000006716 | B            | MFBBX           |
| C000006717 | C            | MFBCX           |
| C000006718 | I            | MBDIX           |
| C000006720 | R1           | MFBGX           |
| C000006722 | R2           | MBRRX           |
| C000006723 | R3           | MFBHX           |
| C000070424 | R6           | MFBKX           |

## Nport-Ex

![](img56eab69c1.gif)

### Quarterly Report
January 31, 2023

MFS<sup>®</sup> Corporate Bond Fund

![](imgdab3e15e2.gif)

MFB-Q3

------

### Portfolio of Investments
1/31/23 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – 93.8% | Bonds – 93.8% | Bonds – 93.8% |
| Aerospace & Defense – 2.2% | Aerospace & Defense – 2.2% | Aerospace & Defense – 2.2% |
| Boeing Co., 2.196%, 2/04/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;8727000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8068356 |
| Boeing Co., 5.15%, 5/01/2030 | &nbsp;&nbsp;15937000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16063137 |
| Boeing Co., 5.805%, 5/01/2050 | &nbsp;&nbsp;29257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29868427 |
| General Dynamics Corp., 3.625%, 4/01/2030 | &nbsp;&nbsp;13022000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12566084 |
| Raytheon Technologies Corp., 1.9%, 9/01/2031 | &nbsp;&nbsp;&nbsp;&nbsp;8393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6840709 |
| Raytheon Technologies Corp., 2.375%, 3/15/2032 | &nbsp;&nbsp;12664000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10648736 |
| Raytheon Technologies Corp., 3.03%, 3/15/2052 | &nbsp;&nbsp;12664000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9345465 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$93400914 |
| Apparel Manufacturers – 0.5% | Apparel Manufacturers – 0.5% | Apparel Manufacturers – 0.5% |
| Tapestry, Inc., 4.125%, 7/15/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;2710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2605825 |
| Tapestry, Inc., 3.05%, 3/15/2032 | &nbsp;&nbsp;20283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16625731 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19231556 |
| Asset-Backed & Securitized – 2.8% | Asset-Backed & Securitized – 2.8% | Asset-Backed & Securitized – 2.8% |
| 3650R Commercial Mortgage Trust, 2021-PF1, "XA", 1.029%, 11/15/2054 (i) | $112878267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6400423 |
| ACREC 2021-FL1 Ltd., "A", FLR, 5.62% (LIBOR - 1mo. + 1.15%), 10/16/2036 (n) | &nbsp;&nbsp;18928000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18109932 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "AS", FLR, 6.154% (LIBOR - 1mo. + 1.7%), 11/15/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;4841000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4753597 |
| Bayview Financial Revolving Mortgage Loan Trust, FLR, 6.147% (LIBOR - 1mo. + 1.6%), 12/28/2040 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394906 |
| BDS 2021-FL7 Ltd., "B", FLR, 5.97% (LIBOR - 1mo. + 1.5%), 6/16/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;4505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4243985 |
| Benchmark 2021-B27 Mortgage Trust, "XA", 1.267%, 7/15/2054 (i) | 199891593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14430834 |
| JPMorgan Chase Commercial Mortgage Securities Corp., 5.708%, 7/15/2042 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392157 |
| KREF 2018-FT1 Ltd., "A", FLR, 5.535% (LIBOR - 1mo. + 1.1%), 2/15/2039 (n) | &nbsp;&nbsp;&nbsp;&nbsp;8257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8003543 |
| KREF 2018-FT1 Ltd., "AS", FLR, 5.764% (LIBOR - 1mo. + 1.3%), 2/15/2039 (n) | &nbsp;&nbsp;&nbsp;&nbsp;9074500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8645557 |
| MF1 2022-FL8 Ltd., "A", FLR, 5.66% (SOFR - 1mo. + 1.35%), 2/19/2037 (n) | &nbsp;&nbsp;13072227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12579169 |
| PFP III 2021-8 Ltd., "A", FLR, 5.454% (LIBOR - 1mo. + 1%), 8/09/2037 (n) | &nbsp;&nbsp;13976695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13445385 |
| PFP III 2021-8 Ltd., "AS", FLR, 5.704% (LIBOR - 1mo. + 1.25%), 8/09/2037 (n) | &nbsp;&nbsp;17557000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16532180 |
| ReadyCap Commercial Mortgage Trust, 2021-FL5, "A", FLR, 5.505% (LIBOR - 1mo. + 1%), 4/25/2038 (n) | &nbsp;&nbsp;&nbsp;&nbsp;9273245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8974638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$116906306 |
| Automotive – 0.5% | Automotive – 0.5% | Automotive – 0.5% |
| Hyundai Capital America, 2%, 6/15/2028 (n) | $&nbsp;&nbsp;22197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18815890 |
| Hyundai Capital America, 6.375%, 4/08/2030 (n) | &nbsp;&nbsp;&nbsp;&nbsp;2929000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3078492 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21894382 |
| Broadcasting – 2.3% | Broadcasting – 2.3% | Broadcasting – 2.3% |
| Activision Blizzard, Inc., 2.5%, 9/15/2050 | $&nbsp;&nbsp;14610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9817174 |
| Discovery Communications LLC, 4%, 9/15/2055 | &nbsp;&nbsp;&nbsp;&nbsp;8715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5994276 |
| Discovery, Inc., 4.125%, 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;7075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6503989 |
| Discovery, Inc., 5.3%, 5/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp;9152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7740895 |
| Prosus N.V., 3.832%, 2/08/2051 (n) | &nbsp;&nbsp;16220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10575436 |
| Walt Disney Co., 3.5%, 5/13/2040 | &nbsp;&nbsp;32182000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27528677 |
| Walt Disney Co., 3.6%, 1/13/2051 | &nbsp;&nbsp;&nbsp;&nbsp;9908000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8180950 |
| Warnermedia Holdings, Inc., 4.279%, 3/15/2032 (n) | &nbsp;&nbsp;12860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11444819 |
| Warnermedia Holdings, Inc., 5.391%, 3/15/2062 (n) | &nbsp;&nbsp;12184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10138889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$97925105 |
| Brokerage & Asset Managers – 1.8% | Brokerage & Asset Managers – 1.8% | Brokerage & Asset Managers – 1.8% |
| Brookfield Finance, Inc., 2.34%, 1/30/2032 | $&nbsp;&nbsp;25919000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20965880 |
| Intercontinental Exchange, Inc., 2.1%, 6/15/2030 | &nbsp;&nbsp;24198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20426016 |
| Intercontinental Exchange, Inc., 1.85%, 9/15/2032 | &nbsp;&nbsp;10946000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8616647 |
| Intercontinental Exchange, Inc., 5.2%, 6/15/2062 | &nbsp;&nbsp;&nbsp;&nbsp;8600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8482775 |
| LPL Holdings, Inc., 4.625%, 11/15/2027 (n) | &nbsp;&nbsp;&nbsp;&nbsp;4366000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4154860 |
| LPL Holdings, Inc., 4%, 3/15/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;8732000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7815140 |
| LPL Holdings, Inc., 4.375%, 5/15/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;4366000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3822913 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$74284231 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Building – 0.3% | Building – 0.3% | Building – 0.3% |
| Vulcan Materials Co., 3.5%, 6/01/2030 | $&nbsp;&nbsp;&nbsp;&nbsp;379000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$346311 |
| Vulcan Materials Co., 4.5%, 6/15/2047 | 15485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13847427 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14193738 |
| Business Services – 3.2% | Business Services – 3.2% | Business Services – 3.2% |
| Equifax, Inc., 3.1%, 5/15/2030 | $&nbsp;&nbsp;6833000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5995374 |
| Equifax, Inc., 2.35%, 9/15/2031 | 20940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17248707 |
| Equinix, Inc., 2.625%, 11/18/2024 | 12928000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12414766 |
| Equinix, Inc., 2.5%, 5/15/2031 | 22738000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19001277 |
| Equinix, Inc., 3%, 7/15/2050 | &nbsp;&nbsp;8061000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5545509 |
| Fiserv, Inc., 2.25%, 6/01/2027 | 18340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16687710 |
| Fiserv, Inc., 4.4%, 7/01/2049 | 13643000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11710320 |
| Iron Mountain, Inc., 4.5%, 2/15/2031 (n) | 28959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24814677 |
| Visa, Inc., 4.15%, 12/14/2035 | 12578000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12429414 |
| Visa, Inc., 3.65%, 9/15/2047 | &nbsp;&nbsp;9718000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8569798 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$134417552 |
| Cable TV – 1.4% | Cable TV – 1.4% | Cable TV – 1.4% |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.375%, 5/01/2047 | $18073000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15428286 |
| Comcast Corp., 1.95%, 1/15/2031 | &nbsp;&nbsp;3102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2596220 |
| Comcast Corp., 2.887%, 11/01/2051 | 25068000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17500006 |
| Sirius XM Radio, Inc., 4.125%, 7/01/2030 (n) | 20836000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17869579 |
| Time Warner Cable, Inc., 4.5%, 9/15/2042 | &nbsp;&nbsp;5172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4113570 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$57507661 |
| Chemicals – 0.1% | Chemicals – 0.1% | Chemicals – 0.1% |
| RPM International, Inc., 4.55%, 3/01/2029 | $&nbsp;&nbsp;3753000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3573763 |
| RPM International, Inc., 4.25%, 1/15/2048 | &nbsp;&nbsp;1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1511149 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5084912 |
| Computer Software – 0.9% | Computer Software – 0.9% | Computer Software – 0.9% |
| Cisco Systems, Inc., 5.5%, 1/15/2040 | $&nbsp;&nbsp;6838000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7550740 |
| Microsoft Corp., 3.45%, 8/08/2036 | &nbsp;&nbsp;9522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8813731 |
| Microsoft Corp., 2.525%, 6/01/2050 | 15025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10707012 |
| VeriSign, Inc., 4.75%, 7/15/2027 | 10277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10187863 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$37259346 |
| Computer Software - Systems – 0.9% | Computer Software - Systems – 0.9% | Computer Software - Systems – 0.9% |
| Apple, Inc., 2.05%, 9/11/2026 (f) | $16887000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15663229 |
| Apple, Inc., 1.7%, 8/05/2031 | &nbsp;&nbsp;4970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4090975 |
| Apple, Inc., 3.85%, 8/04/2046 | &nbsp;&nbsp;8346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7512901 |
| Apple, Inc., 2.7%, 8/05/2051 | 14930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10615156 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$37882261 |
| Conglomerates – 1.8% | Conglomerates – 1.8% | Conglomerates – 1.8% |
| Otis Worldwide Corp., 2.565%, 2/15/2030 | $12283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10721046 |
| Regal Rexnord Corp., 6.05%, 4/15/2028 (n) | 10547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10707479 |
| Regal Rexnord Corp., 6.3%, 2/15/2030 (n) | &nbsp;&nbsp;9040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9217754 |
| Regal Rexnord Corp., 6.4%, 4/15/2033 (n) | 13183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13516867 |
| Westinghouse Air Brake Technologies Corp., 3.2%, 6/15/2025 | &nbsp;&nbsp;5611000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5308637 |
| Westinghouse Air Brake Technologies Corp., 4.95%, 9/15/2028 | 28747000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28555425 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$78027208 |
| Consumer Products – 1.1% | Consumer Products – 1.1% | Consumer Products – 1.1% |
| Hasbro, Inc., 3.9%, 11/19/2029 | $22915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20946176 |
| Mattel, Inc., 3.75%, 4/01/2029 (n) | 27311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24536202 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$45482378 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Consumer Services – 0.5% | Consumer Services – 0.5% | Consumer Services – 0.5% |
| Booking Holdings, Inc., 3.6%, 6/01/2026 | $18768000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18243289 |
| Booking Holdings, Inc., 3.55%, 3/15/2028 | &nbsp;&nbsp;2201000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107334 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20350623 |
| Electrical Equipment – 1.3% | Electrical Equipment – 1.3% | Electrical Equipment – 1.3% |
| Arrow Electronics, Inc., 3.875%, 1/12/2028 | $11461000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10776260 |
| Ciena Corp., 4%, 1/31/2030 (n) | 24699000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21611625 |
| Commscope, Inc., 4.75%, 9/01/2029 (n) | 28608000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23812155 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56200040 |
| Electronics – 2.7% | Electronics – 2.7% | Electronics – 2.7% |
| Broadcom, Inc., 3.469%, 4/15/2034 (n) | $18382000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15241022 |
| Lam Research Corp., 1.9%, 6/15/2030 | &nbsp;&nbsp;3948000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3319569 |
| Lam Research Corp., 4.875%, 3/15/2049 | &nbsp;&nbsp;7369000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7395264 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 2.5%, 5/11/2031 | 15364000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12619931 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 3.25%, 5/11/2041 | 18128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13449527 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 3.125%, 2/15/2042 | 15080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10840652 |
| Qualcomm, Inc., 3.25%, 5/20/2027 | &nbsp;&nbsp;8045000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7753531 |
| Sensata Technologies, Inc., 4.375%, 2/15/2030 (n) | 24078000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21796850 |
| Sensata Technologies, Inc., 3.75%, 2/15/2031 (n) | &nbsp;&nbsp;3352000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2845336 |
| TSMC Arizona Corp., 3.875%, 4/22/2027 | &nbsp;&nbsp;8004000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7860705 |
| TSMC Arizona Corp., 3.125%, 10/25/2041 | 15915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13099623 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$116222010 |
| Emerging Market Quasi-Sovereign – 0.9% | Emerging Market Quasi-Sovereign – 0.9% | Emerging Market Quasi-Sovereign – 0.9% |
| Korea Hydro & Nuclear Power Co. Ltd., 4.25%, 7/27/2027 (n) | $21936000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21413924 |
| Qatar Petroleum, 3.125%, 7/12/2041 (n) | 22244000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17603679 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$39017603 |
| Emerging Market Sovereign – 0.3% | Emerging Market Sovereign – 0.3% | Emerging Market Sovereign – 0.3% |
| United Mexican States, 4.28%, 8/14/2041 | $14843000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12169296 |
| Energy - Independent – 0.5% | Energy - Independent – 0.5% | Energy - Independent – 0.5% |
| EQT Corp., 3.625%, 5/15/2031 (n) | $&nbsp;&nbsp;8166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7147537 |
| Hess Corp., 5.8%, 4/01/2047 | 13418000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13595568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20743105 |
| Energy - Integrated – 1.0% | Energy - Integrated – 1.0% | Energy - Integrated – 1.0% |
| BP Capital Markets America, Inc., 1.749%, 8/10/2030 | $&nbsp;&nbsp;6943000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5780430 |
| BP Capital Markets America, Inc., 3.001%, 3/17/2052 | &nbsp;&nbsp;5851000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4221837 |
| Eni S.p.A., 4.75%, 9/12/2028 (n) | 14052000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13903554 |
| Eni S.p.A., 4.25%, 5/09/2029 (n) | 18279000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17367815 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41273636 |
| Entertainment – 0.5% | Entertainment – 0.5% | Entertainment – 0.5% |
| Royal Caribbean Cruises Ltd., 4.25%, 7/01/2026 (n) | $26029000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22580157 |
| Financial Institutions – 2.3% | Financial Institutions – 2.3% | Financial Institutions – 2.3% |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.65%, 7/21/2027 | $24891000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23127296 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.3%, 1/30/2032 | &nbsp;&nbsp;7581000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6365077 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.85%, 10/29/2041 | &nbsp;&nbsp;6037000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4709689 |
| Air Lease Corp., 2.875%, 1/15/2032 | 21184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17400119 |
| Avolon Holdings Funding Ltd., 5.5%, 1/15/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744110 |
| Avolon Holdings Funding Ltd., 4.375%, 5/01/2026 (n) | 11590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11014860 |
| Avolon Holdings Funding Ltd., 3.25%, 2/15/2027 (n) | 13674000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12341230 |
| Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n) | 23742000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20454555 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$96156936 |

---

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Portfolio of Investments (unaudited) – continued

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| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Food & Beverages – 3.3% | Food & Beverages – 3.3% | Food & Beverages – 3.3% |
| Anheuser-Busch InBev Worldwide, Inc., 4.375%, 4/15/2038 | $&nbsp;&nbsp;8822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8366590 |
| Anheuser-Busch InBev Worldwide, Inc., 4.75%, 4/15/2058 | 15286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14635821 |
| Constellation Brands, Inc., 2.25%, 8/01/2031 | 21758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17952138 |
| Constellation Brands, Inc., 4.75%, 5/09/2032 | 13091000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13087359 |
| Constellation Brands, Inc., 3.75%, 5/01/2050 | &nbsp;&nbsp;5973000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4824741 |
| Diageo Capital PLC, 2.375%, 10/24/2029 | 11730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10322176 |
| Diageo Capital PLC, 2%, 4/29/2030 | 11475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9789406 |
| JBS USA Lux S.A./JBS USA Finance, Inc., 5.5%, 1/15/2030 (n) | &nbsp;&nbsp;8667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8422157 |
| JBS USA Lux S.A./JBS USA Finance, Inc., 3.75%, 12/01/2031 (n) | &nbsp;&nbsp;8667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7321691 |
| Kraft Heinz Foods Co., 4.875%, 10/01/2049 | 12944000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12106586 |
| Kraft Heinz Foods Co., 5.5%, 6/01/2050 | 12522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12779895 |
| SYSCO Corp., 2.4%, 2/15/2030 | &nbsp;&nbsp;4205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3645304 |
| SYSCO Corp., 2.45%, 12/14/2031 | &nbsp;&nbsp;8332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6989803 |
| SYSCO Corp., 4.45%, 3/15/2048 | &nbsp;&nbsp;9063000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8030936 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$138274603 |
| Gaming & Lodging – 2.3% | Gaming & Lodging – 2.3% | Gaming & Lodging – 2.3% |
| Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032 (n) | $28373000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23826227 |
| Marriott International, Inc., 4%, 4/15/2028 | 31912000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30650196 |
| Marriott International, Inc., 2.85%, 4/15/2031 | 17655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15026545 |
| VICI Properties LP / VICI Note Co., Inc., 4.25%, 12/01/2026 (n) | &nbsp;&nbsp;4173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3938273 |
| VICI Properties LP / VICI Note Co., Inc., 4.125%, 8/15/2030 (n) | &nbsp;&nbsp;7346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6570900 |
| VICI Properties LP, REIT, 4.75%, 2/15/2028 | 19861000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19231944 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$99244085 |
| Insurance – 1.0% | Insurance – 1.0% | Insurance – 1.0% |
| Corebridge Financial, Inc., 3.9%, 4/05/2032 (n) | $16695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15206455 |
| Corebridge Financial, Inc., 4.35%, 4/05/2042 (n) | &nbsp;&nbsp;2707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2349033 |
| Equitable Holdings, Inc., 5.594%, 1/11/2033 | 23973000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24544710 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$42100198 |
| Insurance - Health – 1.6% | Insurance - Health – 1.6% | Insurance - Health – 1.6% |
| Humana, Inc., 2.15%, 2/03/2032 | $&nbsp;&nbsp;8302000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6739758 |
| Humana, Inc., 4.95%, 10/01/2044 | 13471000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12985231 |
| UnitedHealth Group, Inc., 5.3%, 2/15/2030 | 11253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11831608 |
| UnitedHealth Group, Inc., 4.625%, 7/15/2035 | 18120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18300443 |
| UnitedHealth Group, Inc., 3.5%, 8/15/2039 | &nbsp;&nbsp;6918000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6010370 |
| UnitedHealth Group, Inc., 5.875%, 2/15/2053 | 11845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13562522 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69429932 |
| Insurance - Property & Casualty – 1.6% | Insurance - Property & Casualty – 1.6% | Insurance - Property & Casualty – 1.6% |
| Aon Corp., 3.75%, 5/02/2029 | $25796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24495627 |
| Aon Corp./Aon Global Holdings PLC, 2.05%, 8/23/2031 | 13364000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10938408 |
| Aon Corp./Aon Global Holdings PLC, 2.6%, 12/02/2031 | &nbsp;&nbsp;3253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2758098 |
| Fairfax Financial Holdings Ltd., 5.625%, 8/16/2032 (n) | 32074000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31219061 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69411194 |
| International Market Quasi-Sovereign – 0.4% | International Market Quasi-Sovereign – 0.4% | International Market Quasi-Sovereign – 0.4% |
| Ontario Teachers' Cadillac Fairview Properties, 2.5%, 10/15/2031 (n) | $19995000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15698749 |
| International Market Sovereign – 0.5% | International Market Sovereign – 0.5% | International Market Sovereign – 0.5% |
| Government of Bermuda, 5%, 7/15/2032 (n) | $21773000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21860808 |
| Machinery & Tools – 0.9% | Machinery & Tools – 0.9% | Machinery & Tools – 0.9% |
| Ashtead Capital, Inc., 5.55%, 5/30/2033 (n) | $&nbsp;&nbsp;4817000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4834781 |
| CNH Industrial Capital LLC, 5.45%, 10/14/2025 | 17462000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17748453 |
| CNH Industrial N.V., 3.85%, 11/15/2027 | 14189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13788799 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36372033 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Major Banks – 16.6% | Major Banks – 16.6% | Major Banks – 16.6% |
| Australia and New Zealand Banking Group Ltd., 2.57% to 11/25/2030, FLR (CMT - 5yr. + 1.7%) to 11/25/2035 (n) | $&nbsp;&nbsp;3516000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2711574 |
| Bank of America Corp., 2.496% to 2/13/2030, FLR (LIBOR - 3mo. + 0.99%) to 2/13/2031 | &nbsp;&nbsp;6090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5180308 |
| Bank of America Corp., 2.676% to 6/19/2040, FLR (SOFR - 1 day + 1.93%) to 6/19/2041 | 33510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24703565 |
| Bank of America Corp., 3.311% to 4/22/2041, FLR (SOFR - 1 day + 1.58%) to 4/22/2042 | 33183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26702235 |
| Bank of New York Mellon Corp., 5.802% to 10/25/2027, FLR (SOFR - 1 day + 1.802%) to 10/25/2028 | 10798000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11353124 |
| Bank of New York Mellon Corp., 5.834% to 10/25/2032, FLR (SOFR - 1 day + 2.074%) to 10/25/2033 | 11847000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12830684 |
| Barclays PLC, 2.894% to 11/24/2031, FLR (CMT - 1yr. + 1.3%) to 11/24/2032 | 29866000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24381393 |
| Commonwealth Bank of Australia, 3.61% to 9/12/2029, FLR (CMT - 1yr. + 2.05%) to 9/12/2034 (n) | 12534000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10839130 |
| Commonwealth Bank of Australia, 3.305%, 3/11/2041 (n) | 18459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13595473 |
| Credit Agricole S.A., 1.247% to 1/26/2026, FLR (SOFR - 1 day + 0.89162%) to 1/26/2027 (n) | 26499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23693579 |
| Goldman Sachs Group, Inc., 2.6%, 2/07/2030 | 18400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16003564 |
| Goldman Sachs Group, Inc., 2.65% to 10/21/2031, FLR (SOFR - 1 day + 1.264%) to 10/21/2032 | 30415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25089160 |
| Goldman Sachs Group, Inc., 3.102% to 2/24/2032, FLR (SOFR - 1 day + 1.41%) to 2/24/2033 | 12528000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10736017 |
| HSBC Holdings PLC, 2.357% to 8/18/2030, FLR (SOFR - 1 day + 1.947%) to 8/18/2031 | 25595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20709154 |
| HSBC Holdings PLC, 2.871% to 11/22/2031, FLR (SOFR - 1 day + 1.41%) to 11/22/2032 | &nbsp;&nbsp;7186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5886734 |
| JPMorgan Chase & Co., 3.782% to 2/01/2027, FLR (LIBOR - 3mo. + 1.337%) to 2/01/2028 | 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12495681 |
| JPMorgan Chase & Co., 3.54%, 5/01/2028 | 18887000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17881481 |
| JPMorgan Chase & Co., 2.545% to 11/08/2031, FLR (SOFR - 1 day + 1.18%) to 11/08/2032 | 26194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21743621 |
| JPMorgan Chase & Co., 3.897% to 1/23/2048, FLR (LIBOR - 3mo. + 1.22%) to 1/23/2049 | 18149000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15495959 |
| Mitsubishi UFJ Financial Group, Inc., 1.64% to 10/13/2026, FLR (CMT - 1yr. + 0.67%) to 10/13/2027 | &nbsp;&nbsp;8042000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7088875 |
| Mitsubishi UFJ Financial Group, Inc., 2.494% to 10/13/2031, FLR (CMT - 1yr. + 0.97%) to 10/13/2032 | 15409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12560987 |
| Morgan Stanley, 0.985% to 12/10/2025, FLR (SOFR - 1 day + 0.72%) to 12/10/2026 | &nbsp;&nbsp;6246000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5557973 |
| Morgan Stanley, 4.431% to 1/23/2029, FLR (LIBOR - 3mo. + 1.63%) to 1/23/2030 | &nbsp;&nbsp;3224000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3141729 |
| Morgan Stanley, 2.699% to 1/22/2030, FLR (SOFR - 1 day + 1.143%) to 1/22/2031 | 34056000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29552906 |
| Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031 | 41896000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38536777 |
| Morgan Stanley, 3.217% to 4/22/2041, FLR (SOFR - 1 day + 1.485%) to 4/22/2042 | &nbsp;&nbsp;2556000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2041634 |
| National Australia Bank Ltd., 3.347% to 1/12/2032, FLR (CMT - 5yr. + 1.7%) to 1/12/2037 (n) | 30295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24462409 |
| Nordea Bank Abp, 1.5%, 9/30/2026 (n) | 39033000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34494218 |
| Royal Bank of Canada, 2.3%, 11/03/2031 | 21758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18057277 |
| Royal Bank of Canada, 5%, 2/01/2033 | 23730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24088601 |
| Société Générale S.A., 2.797% to 1/19/2027, FLR (CMT - 1yr. + 1.3%) to 1/19/2028 (n) | &nbsp;&nbsp;6283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5661710 |
| Sumitomo Mitsui Financial Group, Inc., 1.71%, 1/12/2031 | 29330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23065666 |
| Toronto-Dominion Bank, 4.108%, 6/08/2027 | 14123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13892592 |
| Toronto-Dominion Bank, 4.693%, 9/15/2027 | 15916000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16002856 |
| Toronto-Dominion Bank, 2%, 9/10/2031 | 37368000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30607019 |
| Toronto-Dominion Bank, 4.456%, 6/08/2032 | &nbsp;&nbsp;4816000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4727142 |
| UBS Group AG, 3.126% to 8/13/2029, FLR (LIBOR - 3mo. + 1.468%) to 8/13/2030 (n) | &nbsp;&nbsp;9856000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8684051 |
| UBS Group AG, 3.179% to 2/11/2042, FLR (CMT - 1yr. + 1.1%) to 2/11/2043 (n) | 11560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8871744 |
| UBS Group AG, 4.375% to 2/10/2031, FLR (CMT - 1yr. + 3.313%) to 8/10/2171 (n) | 24966000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20469623 |
| UniCredit S.p.A., 2.569% to 9/22/2025, FLR (CMT - 1yr. + 2.3%) to 9/22/2026 (n) | 13700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12428750 |
| UniCredit S.p.A., 1.982% to 6/03/2026, FLR (CMT - 1yr. + 1.2%) to 6/03/2027 (n) | &nbsp;&nbsp;4551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4012481 |
| Wells Fargo & Co., 3.908% to 4/25/2025, FLR (SOFR - 1 day + 1.32%) to 4/25/2026 | &nbsp;&nbsp;9887000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9659302 |
| Wells Fargo & Co., 3.35% to 3/02/2032, FLR (SOFR - 1 day + 1.5%) to 3/02/2033 | 48203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42505484 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$702204242 |
| Medical & Health Technology & Services – 2.2% | Medical & Health Technology & Services – 2.2% | Medical & Health Technology & Services – 2.2% |
| Alcon Finance Corp., 2.6%, 5/27/2030 (n) | $26216000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22924425 |
| Alcon Finance Corp., 5.375%, 12/06/2032 (n) | &nbsp;&nbsp;4611000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4825164 |
| Alcon Finance Corp., 3.8%, 9/23/2049 (n) | &nbsp;&nbsp;6904000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5655893 |
| Becton, Dickinson and Co., 2.823%, 5/20/2030 | &nbsp;&nbsp;5566000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4951143 |
| Becton, Dickinson and Co., 4.298%, 8/22/2032 | &nbsp;&nbsp;3494000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3410651 |
| Becton, Dickinson and Co., 4.685%, 12/15/2044 | &nbsp;&nbsp;6838000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6499137 |
| Becton, Dickinson and Co., 4.669%, 6/06/2047 | 17690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16693881 |
| HCA, Inc., 5.875%, 2/01/2029 | 17391000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17887882 |
| Thermo Fisher Scientific, Inc., 2%, 10/15/2031 | &nbsp;&nbsp;8016000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6727984 |
| Thermo Fisher Scientific, Inc., 2.8%, 10/15/2041 | &nbsp;&nbsp;7023000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5514457 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$95090617 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Medical Equipment – 0.6% | Medical Equipment – 0.6% | Medical Equipment – 0.6% |
| Boston Scientific Corp., 2.65%, 6/01/2030 | $&nbsp;&nbsp;9471000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8406516 |
| Danaher Corp., 2.6%, 10/01/2050 | 22327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15422907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23829423 |
| Metals & Mining – 2.8% | Metals & Mining – 2.8% | Metals & Mining – 2.8% |
| Anglo American Capital PLC, 2.25%, 3/17/2028 (n) | $11184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9783878 |
| Anglo American Capital PLC, 2.625%, 9/10/2030 (n) | 22275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18927660 |
| Anglo American Capital PLC, 2.875%, 3/17/2031 (n) | 13073000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11228578 |
| Coeur Mining, Inc., 5.125%, 2/15/2029 (n) | &nbsp;&nbsp;8988000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7237171 |
| First Quantum Minerals Ltd., 6.875%, 3/01/2026 (n) | &nbsp;&nbsp;2794000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2717025 |
| First Quantum Minerals Ltd., 6.875%, 10/15/2027 (n) | 15286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14817866 |
| FMG Resources Ltd., 4.375%, 4/01/2031 (n) | 15250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13420000 |
| Glencore Funding LLC, 2.5%, 9/01/2030 (n) | &nbsp;&nbsp;8339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7066324 |
| Glencore Funding LLC, 2.85%, 4/27/2031 (n) | 17132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14672845 |
| Novelis Corp., 4.75%, 1/30/2030 (n) | 20408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18469240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$118340587 |
| Midstream – 4.5% | Midstream – 4.5% | Midstream – 4.5% |
| Cheniere Corpus Christi Holdings LLC, 3.7%, 11/15/2029 | $10673000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10023009 |
| Enbridge, Inc., 3.4%, 8/01/2051 | 15739000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11736642 |
| Energy Transfer LP, 4%, 10/01/2027 | &nbsp;&nbsp;8335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7982738 |
| Energy Transfer LP, 5.55%, 2/15/2028 | &nbsp;&nbsp;6520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6625820 |
| Energy Transfer LP, 3.75%, 5/15/2030 | &nbsp;&nbsp;8604000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7885547 |
| Energy Transfer LP, 5.75%, 2/15/2033 | &nbsp;&nbsp;7532000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7740636 |
| Energy Transfer LP, 7.125% to 5/15/2030, FLR (CMT - 5yr. + 5.306%) to 5/15/2171 | 14243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13010980 |
| EQM Midstream Partners LP, 4.5%, 1/15/2029 (n) | 16502000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14473244 |
| Galaxy Pipeline Assets Bidco Ltd., 1.75%, 9/30/2027 (n) | 30534072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28317740 |
| Galaxy Pipeline Assets Bidco Ltd., 2.16%, 3/31/2034 (n) | 12899931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11130656 |
| Plains All American Pipeline, 4.9%, 2/15/2045 | &nbsp;&nbsp;8649000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7280423 |
| Plains All American Pipeline LP/PAA Finance Corp., 4.65%, 10/15/2025 | &nbsp;&nbsp;8441000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8352716 |
| Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/2029 | 12959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11655270 |
| Sabine Pass Liquefaction LLC, 4.2%, 3/15/2028 | 13455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13039859 |
| Sabine Pass Liquefaction LLC, 4.5%, 5/15/2030 | &nbsp;&nbsp;5013000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4866090 |
| Targa Resources Corp., 4.2%, 2/01/2033 | 11478000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10401940 |
| Targa Resources Corp., 4.95%, 4/15/2052 | 20184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17282422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$191805732 |
| Municipals – 0.4% | Municipals – 0.4% | Municipals – 0.4% |
| Golden State, CA, Tobacco Securitization Corp., Tobacco Settlement Rev., Taxable, "B", 2.746%, 6/01/2034 | $&nbsp;&nbsp;9830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8302464 |
| Golden State, CA, Tobacco Securitization Corp., Tobacco Settlement Rev., Taxable, "B", 3%, 6/01/2046 | &nbsp;&nbsp;8380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7792895 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16095359 |
| Natural Gas - Distribution – 0.1% | Natural Gas - Distribution – 0.1% | Natural Gas - Distribution – 0.1% |
| NiSource, Inc., 5.65%, 2/01/2045 | $&nbsp;&nbsp;3597000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3762216 |
| Natural Gas - Pipeline – 0.4% | Natural Gas - Pipeline – 0.4% | Natural Gas - Pipeline – 0.4% |
| APA Infrastructure Ltd., 4.25%, 7/15/2027 (n) | $&nbsp;&nbsp;5122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4904748 |
| APA Infrastructure Ltd., 5%, 3/23/2035 (n) | 12850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12102629 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17007377 |
| Network & Telecom – 0.4% | Network & Telecom – 0.4% | Network & Telecom – 0.4% |
| AT&T, Inc., 2.75%, 6/01/2031 | $16934000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14604398 |
| Verizon Communications, Inc., 2.1%, 3/22/2028 | &nbsp;&nbsp;4562000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4068421 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18672819 |
| Oils – 0.4% | Oils – 0.4% | Oils – 0.4% |
| Puma International Financing S.A., 5%, 1/24/2026 | $17131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15762233 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Other Banks & Diversified Financials – 0.8% | Other Banks & Diversified Financials – 0.8% | Other Banks & Diversified Financials – 0.8% |
| American Express Co., 4.989% to 5/26/2032, FLR (SOFR - 1 day + 2.255%) to 5/26/2033 | $21439000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21250105 |
| Mizrahi Tefahot Bank Ltd., 3.077% to 4/07/2026, FLR (CMT - 5yr. + 2.25%) to 4/07/2031 (n) | 11682000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10507959 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$31758064 |
| Pharmaceuticals – 0.5% | Pharmaceuticals – 0.5% | Pharmaceuticals – 0.5% |
| AstraZeneca PLC, 1.375%, 8/06/2030 | $&nbsp;&nbsp;8756000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7187275 |
| Merck & Co., Inc., 2.75%, 12/10/2051 | &nbsp;&nbsp;7976000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5744009 |
| Pfizer, Inc., 2.55%, 5/28/2040 | &nbsp;&nbsp;7976000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6137788 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19069072 |
| Pollution Control – 0.3% | Pollution Control – 0.3% | Pollution Control – 0.3% |
| Waste Connections, Inc., 4.2%, 1/15/2033 | $14186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13780954 |
| Railroad & Shipping – 0.4% | Railroad & Shipping – 0.4% | Railroad & Shipping – 0.4% |
| Canadian Pacific Railway Co., 3%, 12/02/2041 | $&nbsp;&nbsp;5600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4444872 |
| Canadian Pacific Railway Co., 3.1%, 12/02/2051 | 14624000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10782275 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15227147 |
| Real Estate - Apartment – 0.3% | Real Estate - Apartment – 0.3% | Real Estate - Apartment – 0.3% |
| American Homes 4 Rent LP, REIT, 2.375%, 7/15/2031 | $17332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14145971 |
| Real Estate - Office – 0.8% | Real Estate - Office – 0.8% | Real Estate - Office – 0.8% |
| Corporate Office Property LP, REIT, 2%, 1/15/2029 | $18241000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14463923 |
| Corporate Office Property LP, REIT, 2.75%, 4/15/2031 | 27392000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21379944 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$35843867 |
| Real Estate - Other – 0.9% | Real Estate - Other – 0.9% | Real Estate - Other – 0.9% |
| EPR Properties, REIT, 3.6%, 11/15/2031 | $12888000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9963411 |
| Lexington Realty Trust Co., 2.375%, 10/01/2031 | 21349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16800028 |
| W.P. Carey, Inc., REIT, 2.45%, 2/01/2032 | 15439000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12601184 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$39364623 |
| Real Estate - Retail – 1.0% | Real Estate - Retail – 1.0% | Real Estate - Retail – 1.0% |
| Brixmor Operating Partnership LP, REIT, 4.125%, 5/15/2029 | $&nbsp;&nbsp;1293000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1195876 |
| Brixmor Operating Partnership LP, REIT, 2.5%, 8/16/2031 | 13341000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10677922 |
| Spirit Realty, LP, REIT, 4.45%, 9/15/2026 | &nbsp;&nbsp;6660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6443166 |
| Spirit Realty, LP, REIT, 3.2%, 2/15/2031 | 10444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8792218 |
| STORE Capital Corp., REIT, 2.7%, 12/01/2031 | 20734000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15634597 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$42743779 |
| Retailers – 1.7% | Retailers – 1.7% | Retailers – 1.7% |
| Alimentation Couche-Tard, Inc., 3.8%, 1/25/2050 (n) | $18119000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13553916 |
| Amazon.com, Inc., 3.6%, 4/13/2032 | 20868000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19854157 |
| AutoZone, Inc., 4.75%, 8/01/2032 | 10050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10050060 |
| Home Depot, Inc., 3.3%, 4/15/2040 | 19715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16697768 |
| Nordstrom, Inc., 4.25%, 8/01/2031 | 15709000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11796045 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$71951946 |
| Specialty Chemicals – 0.5% | Specialty Chemicals – 0.5% | Specialty Chemicals – 0.5% |
| International Flavors & Fragrances, Inc., 1.23%, 10/01/2025 (n) | $&nbsp;&nbsp;3923000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3527695 |
| International Flavors & Fragrances, Inc., 1.832%, 10/15/2027 (n) | &nbsp;&nbsp;3953000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3420885 |
| International Flavors & Fragrances, Inc., 2.3%, 11/01/2030 (n) | &nbsp;&nbsp;8297000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6876715 |
| International Flavors & Fragrances, Inc., 3.268%, 11/15/2040 (n) | 12028000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9218816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23044111 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Specialty Stores – 0.6% | Specialty Stores – 0.6% | Specialty Stores – 0.6% |
| DICK'S Sporting Goods, 3.15%, 1/15/2032 | $15280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12502403 |
| DICK'S Sporting Goods, 4.1%, 1/15/2052 | 17941000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12629077 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25131480 |
| Telecommunications - Wireless – 3.6% | Telecommunications - Wireless – 3.6% | Telecommunications - Wireless – 3.6% |
| Cellnex Finance Co. S.A., 3.875%, 7/07/2041 (n) | $24203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17865619 |
| Crown Castle International Corp., REIT, 4%, 3/01/2027 | &nbsp;&nbsp;9286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9006962 |
| Crown Castle, Inc., REIT, 4.45%, 2/15/2026 | 10709000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10580394 |
| Crown Castle, Inc., REIT, 3.65%, 9/01/2027 | &nbsp;&nbsp;8862000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8455710 |
| Millicom International Cellular S.A., 4.5%, 4/27/2031 (n) | 15857000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13422951 |
| Rogers Communications, Inc., 3.8%, 3/15/2032 (n) | 11639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10476552 |
| Rogers Communications, Inc., 4.5%, 3/15/2042 (n) | 12354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10746998 |
| Rogers Communications, Inc., 4.55%, 3/15/2052 (n) | 13360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11230151 |
| T-Mobile USA, Inc., 2.05%, 2/15/2028 | 18236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16062755 |
| T-Mobile USA, Inc., 3%, 2/15/2041 | 30674000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22874174 |
| Vodafone Group PLC, 4.125% to 6/04/2031, FLR (CMT - 1yr. + 2.767%) to 6/04/2051, FLR (CMT - 1yr. + 3.517%) to 6/04/2081 | 28683000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23221757 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$153944023 |
| Tobacco – 0.1% | Tobacco – 0.1% | Tobacco – 0.1% |
| Philip Morris International, Inc., 5.625%, 11/17/2029 | $&nbsp;&nbsp;5491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5734884 |
| Transportation - Services – 0.1% | Transportation - Services – 0.1% | Transportation - Services – 0.1% |
| ERAC USA Finance LLC, 7%, 10/15/2037 (n) | $&nbsp;&nbsp;4480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5210128 |
| U.S. Treasury Obligations – 4.6% | U.S. Treasury Obligations – 4.6% | U.S. Treasury Obligations – 4.6% |
| U.S. Treasury Bonds, 2.375%, 2/15/2042 | $95964000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$77633377 |
| U.S. Treasury Bonds, 2.875%, 5/15/2052 | 34828600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30012458 |
| U.S. Treasury Notes, 2.625%, 4/15/2025 | 12368000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11982466 |
| U.S. Treasury Notes, 4.125%, 9/30/2027 | &nbsp;&nbsp;9702000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9898693 |
| U.S. Treasury Notes, 3.875%, 9/30/2029 | 46297000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47089113 |
| U.S. Treasury Notes, 4.125%, 11/15/2032 | 15800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16622094 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$193238201 |
| Utilities - Electric Power – 7.8% | Utilities - Electric Power – 7.8% | Utilities - Electric Power – 7.8% |
| American Transmission Systems, Inc., 2.65%, 1/15/2032 (n) | $&nbsp;&nbsp;5287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4500595 |
| CenterPoint Energy, Inc., 2.65%, 6/01/2031 | 17210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14723753 |
| Duke Energy Carolinas LLC, 2.45%, 2/01/2030 | 25541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22402557 |
| Duke Energy Corp., 3.3%, 6/15/2041 | &nbsp;&nbsp;9512000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7394749 |
| Duke Energy Corp., 3.75%, 9/01/2046 | 21247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16864184 |
| Enel Finance International N.V., 4.625%, 6/15/2027 (n) | 16585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16223300 |
| Enel Finance International N.V., 2.25%, 7/12/2031 (n) | &nbsp;&nbsp;7340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5727464 |
| Enel Finance International N.V., 7.75%, 10/14/2052 (n) | &nbsp;&nbsp;7693000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9157988 |
| Evergy, Inc., 2.9%, 9/15/2029 | 28950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25745172 |
| FirstEnergy Corp., 4.15%, 7/15/2027 | 14231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13599855 |
| FirstEnergy Corp., 2.65%, 3/01/2030 | 12338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10542081 |
| FirstEnergy Corp., 3.4%, 3/01/2050 | 29978000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21296671 |
| Florida Power & Light Co., 2.85%, 4/01/2025 | &nbsp;&nbsp;8281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7984359 |
| Florida Power & Light Co., 2.45%, 2/03/2032 | 16909000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14587606 |
| Florida Power & Light Co., 3.95%, 3/01/2048 | &nbsp;&nbsp;8281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7299241 |
| Georgia Power Co., 5.125%, 5/15/2052 | 13035000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13056811 |
| Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n) | 26559000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22476576 |
| NextEra Energy Capital Holdings, Inc., 2.44%, 1/15/2032 | &nbsp;&nbsp;2720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2271597 |
| NextEra Energy Capital Holdings, Inc., 3.8% to 3/15/2027, FLR (CMT - 5yr. + 2.547%) to 3/15/2082 | 16087000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14053743 |
| Pacific Gas & Electric Co., 5.45%, 6/15/2027 | &nbsp;&nbsp;9661000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9699761 |
| Pacific Gas & Electric Co., 2.5%, 2/01/2031 | 27538000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22218867 |
| Southern California Edison Co., 4.5%, 9/01/2040 | &nbsp;&nbsp;7827000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7083731 |
| Southern California Edison Co., 3.65%, 2/01/2050 | &nbsp;&nbsp;7945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6245438 |
| Southern Co., 3.7%, 4/30/2030 | 23946000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22401144 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Utilities - Electric Power – continued | Utilities - Electric Power – continued | Utilities - Electric Power – continued |
| Virginia Electric & Power Co., 2.875%, 7/15/2029 | &nbsp;&nbsp;11354000 | &nbsp;&nbsp;&nbsp;$10299257 |
| Xcel Energy, Inc., 4.6%, 6/01/2032 | &nbsp;&nbsp;&nbsp;&nbsp;3557000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3521879 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$331378379 |
| **Total Bonds** |  | &nbsp;&nbsp;**$3974739792** |
| Investment Companies (h) – 5.5% | Investment Companies (h) – 5.5% | Investment Companies (h) – 5.5% |
| Money Market Funds – 5.5% | Money Market Funds – 5.5% |  |
| MFS Institutional Money Market Portfolio, 4.29% (v) | 233039214 | &nbsp;&nbsp;&nbsp;$233062517 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Underlying/Expiration Date/Exercise Price** | &nbsp;&nbsp;**Put/Call** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;&nbsp;**Par Amount/<br> Number of<br> Contracts** |  |
| Purchased Options – 0.0% | Purchased Options – 0.0% | Purchased Options – 0.0% | Purchased Options – 0.0% | Purchased Options – 0.0% |  |
| Market Index Securities – 0.0% | Market Index Securities – 0.0% | Market Index Securities – 0.0% | Market Index Securities – 0.0% | Market Index Securities – 0.0% |  |
| Markit CDX North America High Yield Series 39 Index Credit Default Swap - Fund pays 5%, Fund receives notional amount upon a defined credit event of an Index constituent – March 2023 @ $98 | &nbsp;&nbsp;Put | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;$82685300 | &nbsp;&nbsp;&nbsp; $80000000 | &nbsp;&nbsp;&nbsp;&nbsp;$172401 |
| Markit CDX North America High Yield Series 39 Index Credit Default Swap - Fund pays 5%, Fund receives notional amount upon a defined credit event of an Index constituent – April 2023 @ $99 | &nbsp;&nbsp;Put | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;&nbsp; 144182491 | &nbsp;&nbsp;&nbsp; 139500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934305 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** |  | &nbsp;&nbsp;**$1106706** |

---

---

| | |
|:---|:---|
| Written Options (see table below) – (0.0)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(265450) |
| Other Assets, Less Liabilities – 0.7% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28640158 |
| **Net Assets – 100.0%** | &nbsp;&nbsp;&nbsp;**$4237283723** |

---

(f) All or a portion of the security has been segregated as collateral for open futures contracts.

(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end,
the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $233,062,517 and $3,975,846,498, respectively.

(i) Interest only security for which the fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the cost of the
security.

(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from
registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $1,204,454,726, representing 28.4% of net assets.

(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized
seven-day yield of the fund at period end.

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported may not be the current rate. All reference rates are USD unless otherwise noted. |
| LIBOR | London Interbank Offered Rate |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below: |
| EUR | Euro |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** |
| **Written Options** | **Written Options** | **Written Options** | **Written Options** | **Written Options** | **Written Options** | **Written Options** | **Written Options** |
| **Underlying** | &nbsp;&nbsp;**Put/<br> Call** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Par Amount/<br> Number of<br> Contracts** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Exercise<br> Price** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value** |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Market Index Securities*** | ***Market Index Securities*** | ***Market Index Securities*** | ***Market Index Securities*** | ***Market Index Securities*** |  |  |  |
| Markit CDX North America High Yield Series 39 Index Credit Default Swap - Fund pays 5%, Fund receives notional amount upon a defined credit event of an Index constituent | &nbsp;&nbsp;Put | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;$(80000000) | &nbsp;&nbsp;$(82685300) | &nbsp;&nbsp; $91.00 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;$(45018) |
| Markit CDX North America High Yield Series 39 Index Credit Default Swap - Fund pays 5%, Fund receives notional amount upon a defined credit event of an Index constituent | &nbsp;&nbsp;Put | &nbsp;&nbsp;Merrill Lynch International | &nbsp;&nbsp;(139500000) | &nbsp;&nbsp;&nbsp;(144182491) | &nbsp;&nbsp; 92.00 | &nbsp;&nbsp;April – 2023 | &nbsp;&nbsp;&nbsp;(220432) |
|  |  |  |  |  |  |  | &nbsp;&nbsp;$(265450) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** |
| **Currency<br> Purchased** | **Currency<br> Purchased** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Settlement<br> Date** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| EUR | &nbsp;&nbsp;708617 | &nbsp;&nbsp;USD | &nbsp;&nbsp;769537 | &nbsp;&nbsp;Brown Brothers Harriman | &nbsp;&nbsp;4/21/2023 | &nbsp;&nbsp;$4545 |
| USD | &nbsp;&nbsp;775591 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;708617 | &nbsp;&nbsp;State Street Bank Corp. | &nbsp;&nbsp;4/21/2023 | &nbsp;&nbsp;&nbsp;&nbsp;1509 |
|  |  |  |  |  |  | &nbsp;&nbsp;$6054 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | &nbsp;&nbsp;**Long/<br> Short** | &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Contracts** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Note 2 yr | &nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;2161 | &nbsp;&nbsp;$444406275 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;$1552376 |
| U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;1375 | &nbsp;&nbsp;194906250 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;&nbsp;&nbsp;8341694 |
|  |  |  |  |  |  | &nbsp;&nbsp;$9894070 |
| **Liabilities Derivatives** | **Liabilities Derivatives** | **Liabilities Derivatives** | **Liabilities Derivatives** | **Liabilities Derivatives** | **Liabilities Derivatives** | **Liabilities Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Note 5 yr | &nbsp;&nbsp;Short | &nbsp;&nbsp;USD | &nbsp;&nbsp;1094 | &nbsp;&nbsp;$119510954 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;$(1327732) |
| U.S. Treasury Ultra Note 10 yr | &nbsp;&nbsp;Short | &nbsp;&nbsp;USD | &nbsp;&nbsp;4809 | &nbsp;&nbsp;582865828 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;&nbsp;&nbsp;(8410484) |
|  |  |  |  |  |  | &nbsp;&nbsp;$(9738216) |

---

At January 31, 2023, the fund had liquid securities with an aggregate value of $11,442,938 to cover any collateral or margin obligations for certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

### Supplemental Information
1/31/23 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(1) Investment Valuations

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. Effective September 8, 2022, and in accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Exchange-traded options are generally valued at the last sale or official closing price on their primary exchange as provided by a third-party pricing service. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation on their primary exchange as provided by a third-party pricing service. For put options, the position may be valued at the last daily ask quotation if there are no trades reported during the day. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided by a third-party pricing service. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service. Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

Supplemental Information (unaudited) – continued

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts, forward foreign currency exchange contracts, and written options. The following is a summary of the levels used as of January 31, 2023 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$193238201 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$193238201 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88746456 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88746456 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16095359 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16095359 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2522927181 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2522927181 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69310911 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69310911 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47595395 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47595395 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1037932995 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1037932995 |
| Mutual Funds | &nbsp;&nbsp;&nbsp;&nbsp;233062517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233062517 |
| Total | &nbsp;&nbsp;&nbsp;$233062517 | &nbsp;&nbsp;&nbsp;$3975846498 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$4208909015 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Asset Derivatives | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9894070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9894070 |
| Futures Contracts – Liabilities Derivatives | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9738216) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9738216) |
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6054 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6054 |
| Written Options - Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(265450) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(265450) |

---

For further information regarding security characteristics, see the Portfolio of Investments.

(2) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Beginning<br> Value** | &nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation or<br> Depreciation** | &nbsp;&nbsp;**Ending<br> Value** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$107526013 | &nbsp;&nbsp;$1097079353 | &nbsp;&nbsp;$971547255 | &nbsp;&nbsp;$(24308) | &nbsp;&nbsp;$28714 | &nbsp;&nbsp;$233062517 |

---

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Dividend<br> Income** | &nbsp;&nbsp;**Capital Gain<br> Distributions** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$3305146 | &nbsp;&nbsp;$— |

---

(3) Issuer Country Weightings

Issuer country weighting percentages of portfolio holdings based on net assets, as of January 31, 2023, are as follows:

---

| | |
|:---|:---|
| United States | 73.1% |
| Canada | 5.9% |
| United Kingdom | 3.8% |
| Australia | 2.5% |
| Italy | 1.9% |
| Ireland | 1.9% |
| Switzerland | 1.7% |
| China | 1.1% |
| Japan | 1.0% |
| Other Countries | 7.1% |

---

The issuer country weighting percentages include both accrued interest amounts and the equivalent exposure from any derivative holdings, if applicable.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Series Trust IX

- **b. Investment Company Act file number:** 811-02464

- **c. CIK number of Registrant:** 0000063075

- **d. LEI of Registrant:** 549300IJONSVWD5I9F62

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000002492

- **c. LEI of Series:** 4YECUOR03M3ILWFMIX10

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $4253407203.12

**Total Liabilities:** $16126647.29

**Net Assets:** $4237280555.83

**Cash Not Reported:** $0.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2870.37709930 | **1-Year:** -101131.45219140 | **5-Year:** -693609.06278230 | **10-Year:** -1294627.55712220 | **30-Year:** -637019.63313950

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

- **3-Month:** -29.23586650 | **1-Year:** -20374.90113070 | **5-Year:** -109642.18792720 | **10-Year:** -115721.48637390 | **30-Year:** -73709.06448750

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006720 | 4.86%                | -0.68%               | 4.37%                |
| Class ID C000006718 | 4.94%                | -0.60%               | 4.54%                |
| Class ID C000006712 | 4.93%                | -0.60%               | 4.53%                |
| Class ID C000006723 | 4.91%                | -0.62%               | 4.51%                |
| Class ID C000070424 | 4.95%                | -0.59%               | 4.55%                |
| Class ID C000006711 | 4.92%                | -0.54%               | 4.42%                |
| Class ID C000006722 | 4.89%                | -0.64%               | 4.49%                |
| Class ID C000006716 | 4.86%                | -0.68%               | 4.46%                |
| Class ID C000006717 | 4.87%                | -0.68%               | 4.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31228473.42            | $222900860.09                              |
| Month 2  | $-24847419.45            | $-14650132.95                              |
| Month 3  | $-20083556.28            | $193396902.00                              |

**Designated Index Information**

- **Index Name:** BBG Barclays US Credit

- **Index Identifier:** LUCRTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UniCredit SpA                                        | UniCredit SpA                                                                  | CUSIP: 904678AU3<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   13700000 | PA      | $12428749.87  | 0.29%             | 2026-09-22      | Variable      | 2.57%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Credit Index Swaption                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |  -80000000 | PA      | $-45017.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                              | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   48203000 | PA      | $42505484.45  | 1.00%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                      | Plains All American Pipeline LP                                                | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    8649000 | PA      | $7280422.63   | 0.17%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Ciena Corp.                                          | Ciena Corp.                                                                    | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |   24699000 | PA      | $21611625.00  | 0.51%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JBS USA LUX SA                                       | JBS USA LUX SA                                                                 | CUSIP: 46590XAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    8667000 | PA      | $7321691.36   | 0.17%             | 2031-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Corporate Office Properties LP                       | Corporate Office Properties LP                                                 | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   18241000 | PA      | $14463922.77  | 0.34%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                           | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   13000000 | PA      | $12495680.60  | 0.29%             | 2028-02-01      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| Tapestry, Inc.                                       | Tapestry, Inc.                                                                 | CUSIP: 876030AA5<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |   20283000 | PA      | $16625730.89  | 0.39%             | 2032-03-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 5 Year Note                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -1094 | NC      | $-1327732.00  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                         | Hasbro, Inc.                                                                   | CUSIP: 418056AZ0<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |   22915000 | PA      | $20946175.74  | 0.49%             | 2029-11-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Equifax, Inc.                                        | Equifax, Inc.                                                                  | CUSIP: 294429AT2<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   20940000 | PA      | $17248706.85  | 0.41%             | 2031-09-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                          | Raytheon Technologies Corp.                                                    | CUSIP: 75513ECP4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   12664000 | PA      | $9345464.65   | 0.22%             | 2052-03-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                        | Equinix, Inc.                                                                  | CUSIP: 29444UBC9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   12928000 | PA      | $12414766.03  | 0.29%             | 2024-11-18      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                         | Royal Caribbean Cruises Ltd.                                                   | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   26029000 | PA      | $22580157.50  | 0.53%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                    | Philip Morris International, Inc.                                              | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    5491000 | PA      | $5734883.75   | 0.14%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                       | AutoZone, Inc.                                                                 | CUSIP: 053332BB7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   10050000 | PA      | $10050059.80  | 0.24%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                             | CUSIP: 86765BAU3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    8335000 | PA      | $7982737.98   | 0.19%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp.            | Westinghouse Air Brake Technologies Corp.                                      | CUSIP: 960386AQ3<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    5611000 | PA      | $5308636.96   | 0.13%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   13674000 | PA      | $12341230.23  | 0.29%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                   | T-Mobile USA, Inc.                                                             | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   30674000 | PA      | $22874174.18  | 0.54%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                   | Crown Castle, Inc.                                                             | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    8862000 | PA      | $8455709.65   | 0.20%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                            | CUSIP: 91282CFL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   46297000 | PA      | $47089112.97  | 1.11%             | 2029-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Spirit Realty LP                                     | Spirit Realty LP                                                               | CUSIP: 84861TAG3<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              | CORP              | US        |   10444000 | PA      | $8792217.90   | 0.21%             | 2031-02-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                 | Royal Bank of Canada                                                           | CUSIP: 78016FZX5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   23730000 | PA      | $24088600.88  | 0.57%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp.                                  | Alcon Finance Corp.                                                            | CUSIP: 01400EAE3<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    4611000 | PA      | $4825163.52   | 0.11%             | 2032-12-06      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Apple, Inc.                                          | Apple, Inc.                                                                    | CUSIP: 037833CD0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    8346000 | PA      | $7512900.78   | 0.18%             | 2046-08-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                                   | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   29866000 | PA      | $24381393.42  | 0.58%             | 2032-11-24      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                  | Iron Mountain, Inc.                                                            | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   28959000 | PA      | $24814677.51  | 0.59%             | 2031-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Otis Worldwide Corp.                                 | Otis Worldwide Corp.                                                           | CUSIP: 68902VAK3<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |   12283000 | PA      | $10721046.43  | 0.25%             | 2030-02-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                            | CUSIP: 91282CEH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   12368000 | PA      | $11982466.19  | 0.28%             | 2025-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio             | MFS Institutional Money Market Portfolio, Class A                              | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  232218396 | NS      | $232241618.25 | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co.                             | Becton Dickinson and Co.                                                       | CUSIP: 075887BX6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   17690000 | PA      | $16693880.70  | 0.39%             | 2047-06-06      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   24891000 | PA      | $23127295.67  | 0.55%             | 2027-07-21      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp.                                  | Alcon Finance Corp.                                                            | CUSIP: 01400EAC7<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    6904000 | PA      | $5655893.29   | 0.13%             | 2049-09-23      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd.                    | Galaxy Pipeline Assets Bidco Ltd.                                              | CUSIP: 36321PAA8<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   30534072 | PA      | $28317740.16  | 0.67%             | 2027-09-30      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                           | AT&T, Inc.                                                                     | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   16934000 | PA      | $14604398.09  | 0.34%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                   | Crown Castle, Inc.                                                             | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   10709000 | PA      | $10580394.44  | 0.25%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                | Targa Resources Corp.                                                          | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   20184000 | PA      | $17282422.03  | 0.41%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Xcel Energy, Inc.                                    | Xcel Energy, Inc.                                                              | CUSIP: 98388MAD9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    3557000 | PA      | $3521879.18   | 0.08%             | 2032-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class AS      | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4841000 | PA      | $4753596.71   | 0.11%             | 2036-11-15      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Alcon Finance Corp.                                  | Alcon Finance Corp.                                                            | CUSIP: 01400EAD5<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   26216000 | PA      | $22924424.95  | 0.54%             | 2030-05-27      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.                          | Rogers Communications, Inc.                                                    | CUSIP: 775109CD1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |   13360000 | PA      | $11230150.67  | 0.27%             | 2052-03-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| LXP Industrial Trust                                 | LXP Industrial Trust                                                           | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   21349000 | PA      | $16800028.09  | 0.40%             | 2031-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                   | Crown Castle, Inc.                                                             | CUSIP: 22822VAE1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    9286000 | PA      | $9006962.48   | 0.21%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APA Infrastructure Ltd.                              | APA Infrastructure Ltd.                                                        | CUSIP: 00205GAD9<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |    5122000 | PA      | $4904747.81   | 0.12%             | 2027-07-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                       | Thermo Fisher Scientific, Inc.                                                 | CUSIP: 883556CL4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    8016000 | PA      | $6727984.15   | 0.16%             | 2031-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                            | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9702000 | PA      | $9898692.91   | 0.23%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Puma International Financing SA                      | Puma International Financing SA                                                | CUSIP: N/A<br>LEI: 222100YFBPO7IDRUBR17       | Long             | DBT              | CORP              | LU        |   17131000 | PA      | $15762233.10  | 0.37%             | 2026-01-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                     | Brixmor Operating Partnership LP                                               | CUSIP: 11120VAL7<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   13341000 | PA      | $10677922.54  | 0.25%             | 2031-08-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                   | CUSIP: 902613AL2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   11560000 | PA      | $8871744.31   | 0.21%             | 2043-02-11      | Variable      | 3.18%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                          | Toronto-Dominion Bank (The)                                                    | CUSIP: 89115A2E1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    4816000 | PA      | $4727141.96   | 0.11%             | 2032-06-08      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                  | Regal Rexnord Corp.                                                            | CUSIP: 758750AE3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    9040000 | PA      | $9217753.52   | 0.22%             | 2030-02-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Intercontinental Exchange, Inc.                                                | CUSIP: 45866FAK0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   24198000 | PA      | $20426015.76  | 0.48%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                           | Corebridge Financial, Inc.                                                     | CUSIP: 21871XAJ8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    2707000 | PA      | $2349032.60   | 0.06%             | 2042-04-05      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                            | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   15800000 | PA      | $16622093.75  | 0.39%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd.                    | Galaxy Pipeline Assets Bidco Ltd.                                              | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   12899932 | PA      | $11130656.11  | 0.26%             | 2034-03-31      | Fixed         | 2.16%                 | Yes           |                  2 | On Loan: No      |
| Georgia Power Co.                                    | Georgia Power Co.                                                              | CUSIP: 373334KR1<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   13035000 | PA      | $13056811.20  | 0.31%             | 2052-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                  | Regal Rexnord Corp.                                                            | CUSIP: 758750AF0<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   13183000 | PA      | $13516867.25  | 0.32%             | 2033-04-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Aon Corp.                                            | Aon Corp.                                                                      | CUSIP: 03740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   13364000 | PA      | $10938407.67  | 0.26%             | 2031-08-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                          | Toronto-Dominion Bank (The)                                                    | CUSIP: 89114TZJ4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   37368000 | PA      | $30607019.34  | 0.72%             | 2031-09-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KBZ2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    2720000 | PA      | $2271596.71   | 0.05%             | 2032-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard, Inc.                       | Alimentation Couche-Tard, Inc.                                                 | CUSIP: 01626PAN6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |   18119000 | PA      | $13553915.96  | 0.32%             | 2050-01-25      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Prosus NV                                            | Prosus NV                                                                      | CUSIP: 74365PAE8<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |   16220000 | PA      | $10575436.43  | 0.25%             | 2051-02-08      | Fixed         | 3.83%                 | Yes           |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.            | Golden State Tobacco Securitization Corp.                                      | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    9830000 | PA      | $8302464.20   | 0.20%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   18400000 | PA      | $16003563.58  | 0.38%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                          | First Quantum Minerals Ltd.                                                    | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   15286000 | PA      | $14817866.25  | 0.35%             | 2027-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Aon Corp.                                            | Aon Corp.                                                                      | CUSIP: 037389BC6<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |   25796000 | PA      | $24495626.48  | 0.58%             | 2029-05-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.            | Golden State Tobacco Securitization Corp.                                      | CUSIP: 38122NB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    8380000 | PA      | $7792894.69   | 0.18%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Diageo Capital plc                                   | Diageo Capital plc                                                             | CUSIP: 25243YBB4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   11730000 | PA      | $10322176.31  | 0.24%             | 2029-10-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                 | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    6246000 | PA      | $5557972.93   | 0.13%             | 2026-12-10      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                         | Pfizer, Inc.                                                                   | CUSIP: 717081EZ2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    7976000 | PA      | $6137788.03   | 0.14%             | 2040-05-28      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Spirit Realty LP                                     | Spirit Realty LP                                                               | CUSIP: 84861TAC2<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              | CORP              | US        |    6660000 | PA      | $6443165.65   | 0.15%             | 2026-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent LP                             | American Homes 4 Rent LP                                                       | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   17332000 | PA      | $14145971.10  | 0.33%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                 | Cheniere Corpus Christi Holdings LLC                                           | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   10673000 | PA      | $10023009.28  | 0.24%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                                | Walt Disney Co. (The)                                                          | CUSIP: 254687FZ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    9908000 | PA      | $8180949.50   | 0.19%             | 2051-01-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                   | CUSIP: 902613AA6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    9856000 | PA      | $8684050.54   | 0.20%             | 2030-08-13      | Variable      | 3.13%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                         | Pacific Gas and Electric Co.                                                   | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    9661000 | PA      | $9699760.51   | 0.23%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance I UK plc                          | Brookfield Finance I UK plc                                                    | CUSIP: 11272BAA1<br>LEI: 213800JCKNPJE9FDCJ76 | Long             | DBT              | CORP              | GB        |   25919000 | PA      | $20965879.62  | 0.49%             | 2032-01-30      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Activision Blizzard, Inc.                            | Activision Blizzard, Inc.                                                      | CUSIP: 00507VAQ2<br>LEI: 549300TPQQDBP9GNOF40 | Long             | DBT              | CORP              | US        |   14610000 | PA      | $9817173.58   | 0.23%             | 2050-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                   | LPL Holdings, Inc.                                                             | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    8732000 | PA      | $7815140.00   | 0.18%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Equifax, Inc.                                        | Equifax, Inc.                                                                  | CUSIP: 294429AS4<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    6833000 | PA      | $5995374.24   | 0.14%             | 2030-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                                   | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   24966000 | PA      | $20469623.40  | 0.48%             | 2031-02-10      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance International NV                        | Enel Finance International NV                                                  | CUSIP: 29278GAP3<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    7340000 | PA      | $5727463.88   | 0.14%             | 2031-07-12      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                           | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   18887000 | PA      | $17881481.24  | 0.42%             | 2028-05-01      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| NXP BV                                               | NXP BV                                                                         | CUSIP: 62954HAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   15080000 | PA      | $10840652.19  | 0.26%             | 2042-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                         | Pacific Gas and Electric Co.                                                   | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   27538000 | PA      | $22218866.77  | 0.52%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                            | Florida Power & Light Co.                                                      | CUSIP: 341081FZ5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    8281000 | PA      | $7984358.60   | 0.19%             | 2025-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                     | Amazon.com, Inc.                                                               | CUSIP: 023135CH7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   20868000 | PA      | $19854156.60  | 0.47%             | 2032-04-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                        | Novelis Corp.                                                                  | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   20408000 | PA      | $18469240.00  | 0.44%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Intercontinental Exchange, Inc.                                                | CUSIP: 45866FAN4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   10946000 | PA      | $8616647.42   | 0.20%             | 2032-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                | United Mexican States                                                          | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   14843000 | PA      | $12169296.27  | 0.29%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                         | Marriott International, Inc., Series HH                                        | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   17655000 | PA      | $15026544.79  | 0.35%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                   | LPL Holdings, Inc.                                                             | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    4366000 | PA      | $4154860.24   | 0.10%             | 2027-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                             | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    8604000 | PA      | $7885547.07   | 0.19%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                 | Royal Bank of Canada                                                           | CUSIP: 78016EYH4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   21758000 | PA      | $18057277.30  | 0.43%             | 2031-11-03      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Vodafone Group plc                                   | Vodafone Group plc                                                             | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   28683000 | PA      | $23221756.80  | 0.55%             | 2081-06-04      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Credit Index Swaption                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |  139500000 | PA      | $934305.57    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trust                      | 3650R Commercial Mortgage Trust, Series 2021-PF1, Class XA                     | CUSIP: 88581EAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  112878267 | PA      | $6400423.48   | 0.15%             | 2054-11-15      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                      | Plains All American Pipeline LP                                                | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   12959000 | PA      | $11655269.65  | 0.28%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co.                             | Becton Dickinson and Co.                                                       | CUSIP: 075887CP2<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    3494000 | PA      | $3410650.63   | 0.08%             | 2032-08-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VAS2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   12184000 | PA      | $10138888.80  | 0.24%             | 2062-03-15      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| FirstEnergy Corp.                                    | FirstEnergy Corp.                                                              | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   12338000 | PA      | $10542080.72  | 0.25%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                       | Southern California Edison Co.                                                 | CUSIP: 842400FQ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    7827000 | PA      | $7083731.49   | 0.17%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                           | Anglo American Capital plc                                                     | CUSIP: 034863AX8<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   22275000 | PA      | $18927659.57  | 0.45%             | 2030-09-10      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Becton Dickinson and Co.                             | Becton Dickinson and Co.                                                       | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    5566000 | PA      | $4951143.24   | 0.12%             | 2030-05-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    6918000 | PA      | $6010370.51   | 0.14%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RPM International, Inc.                              | RPM International, Inc.                                                        | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    3753000 | PA      | $3573763.10   | 0.08%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                            | KREF Ltd., Series 2021-FL2, Class A                                            | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    8257000 | PA      | $8003543.13   | 0.19%             | 2039-02-15      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                          | Raytheon Technologies Corp.                                                    | CUSIP: 75513ECN9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   12664000 | PA      | $10648736.14  | 0.25%             | 2032-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                           | Constellation Brands, Inc.                                                     | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   21758000 | PA      | $17952138.07  | 0.42%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ACREC Ltd.                                           | ACREC Ltd., Series 2021-FL1, Class A                                           | CUSIP: 00500RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   18928000 | PA      | $18109931.84  | 0.43%             | 2036-10-16      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Eni SpA                                              | Eni SpA, Series X-R                                                            | CUSIP: 26874RAE8<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |   14052000 | PA      | $13903554.39  | 0.33%             | 2028-09-12      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                                 | Glencore Funding LLC                                                           | CUSIP: 378272AY4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    8339000 | PA      | $7066323.50   | 0.17%             | 2030-09-01      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Sabine Pass Liquefaction LLC                         | Sabine Pass Liquefaction LLC                                                   | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   13455000 | PA      | $13039859.03  | 0.31%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.             | International Flavors & Fragrances, Inc.                                       | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    8297000 | PA      | $6876714.56   | 0.16%             | 2030-11-01      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| MF1 Ltd.                                             | MF1 Ltd., Series 2022-FL8, Class A                                             | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   13072227 | PA      | $12579168.74  | 0.30%             | 2037-02-19      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| WP Carey, Inc.                                       | WP Carey, Inc.                                                                 | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   15439000 | PA      | $12601183.97  | 0.30%             | 2032-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.                 | Anheuser-Busch InBev Worldwide, Inc.                                           | CUSIP: 035240AP5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   15286000 | PA      | $14635820.84  | 0.35%             | 2058-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                                | Sirius XM Radio, Inc.                                                          | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   20836000 | PA      | $17869578.68  | 0.42%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Vulcan Materials Co.                                 | Vulcan Materials Co.                                                           | CUSIP: 929160AV1<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   15485000 | PA      | $13847426.72  | 0.33%             | 2047-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Visa, Inc.                                           | Visa, Inc.                                                                     | CUSIP: 92826CAE2<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   12578000 | PA      | $12429414.33  | 0.29%             | 2035-12-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                      | Microsoft Corp.                                                                | CUSIP: 594918BS2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    9522000 | PA      | $8813731.36   | 0.21%             | 2036-08-08      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Enel Finance International NV                        | Enel Finance International NV                                                  | CUSIP: 29278GBB3<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    7693000 | PA      | $9157987.61   | 0.22%             | 2052-10-14      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                 | CUSIP: 61772BAC7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    2556000 | PA      | $2041633.65   | 0.05%             | 2042-04-22      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                              | CUSIP: 95000U2X0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    9887000 | PA      | $9659301.50   | 0.23%             | 2026-04-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                  | FMG Resources August 2006 Pty. Ltd.                                            | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   15250000 | PA      | $13420000.00  | 0.32%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FirstEnergy Corp.                                    | FirstEnergy Corp., Series C                                                    | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   29978000 | PA      | $21296670.98  | 0.50%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Visa, Inc.                                           | Visa, Inc.                                                                     | CUSIP: 92826CAJ1<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    9718000 | PA      | $8569798.18   | 0.20%             | 2047-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                           | CUSIP: 46647PAN6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   18149000 | PA      | $15495958.49  | 0.37%             | 2049-01-23      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Sysco Corp.                                          | Sysco Corp.                                                                    | CUSIP: 871829BQ9<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    8332000 | PA      | $6989802.70   | 0.16%             | 2031-12-14      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                   | VICI Properties LP                                                             | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4173000 | PA      | $3938273.17   | 0.09%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                  | Hilton Domestic Operating Co., Inc.                                            | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   28373000 | PA      | $23826226.75  | 0.56%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                   | Credit Agricole SA                                                             | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   26499000 | PA      | $23693578.69  | 0.56%             | 2027-01-26      | Variable      | 1.25%                 | Yes           |                  2 | On Loan: No      |
| APA Infrastructure Ltd.                              | APA Infrastructure Ltd.                                                        | CUSIP: 00205GAC1<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |   12850000 | PA      | $12102629.48  | 0.29%             | 2035-03-23      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                            | HCA, Inc.                                                                      | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   17391000 | PA      | $17887882.43  | 0.42%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                          | Apple, Inc.                                                                    | CUSIP: 037833DN7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   16887000 | PA      | $15663228.83  | 0.37%             | 2026-09-11      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| QatarEnergy                                          | QatarEnergy                                                                    | CUSIP: 74730DAE3<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | NUSS              | QA        |   22244000 | PA      | $17603679.16  | 0.42%             | 2041-07-12      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.             | International Flavors & Fragrances, Inc.                                       | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    3923000 | PA      | $3527695.34   | 0.08%             | 2025-10-01      | Fixed         | 1.23%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                           | Sensata Technologies, Inc.                                                     | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   24078000 | PA      | $21796850.28  | 0.51%             | 2030-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Lam Research Corp.                                   | Lam Research Corp.                                                             | CUSIP: 512807AT5<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    7369000 | PA      | $7395263.48   | 0.17%             | 2049-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                              | Arrow Electronics, Inc.                                                        | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   11461000 | PA      | $10776260.38  | 0.25%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                 | ERAC USA Finance LLC                                                           | CUSIP: 26882PBE1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    4480000 | PA      | $5210128.09   | 0.12%             | 2037-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Eni SpA                                              | Eni SpA                                                                        | CUSIP: 26874RAJ7<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |   18279000 | PA      | $17367815.25  | 0.41%             | 2029-05-09      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Walt Disney Co. (The)                                | Walt Disney Co. (The)                                                          | CUSIP: 254687FY7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   32182000 | PA      | $27528676.86  | 0.65%             | 2040-05-13      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                 | JPMorgan Chase & Co.                                                           | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   26194000 | PA      | $21743620.80  | 0.51%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                            | Duke Energy Carolinas LLC                                                      | CUSIP: 26442CBA1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   25541000 | PA      | $22402556.91  | 0.53%             | 2030-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                         | Discovery Communications LLC                                                   | CUSIP: 25470DBL2<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    8715000 | PA      | $5994276.09   | 0.14%             | 2055-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                      | Nordea Bank Abp                                                                | CUSIP: 65559CAE1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   39033000 | PA      | $34494218.17  | 0.81%             | 2026-09-30      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                       | Broadcom, Inc.                                                                 | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   18382000 | PA      | $15241021.34  | 0.36%             | 2034-04-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| Bermuda                                              | Bermuda Government Bond                                                        | CUSIP: 085209AJ3<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |   21773000 | PA      | $21860808.11  | 0.52%             | 2032-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC                                           | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   18073000 | PA      | $15428285.56  | 0.36%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                      | Plains All American Pipeline LP                                                | CUSIP: 72650RBJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    8441000 | PA      | $8352715.58   | 0.20%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                         | Evergy, Inc.                                                                   | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   28950000 | PA      | $25745172.47  | 0.61%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                     | Jersey Central Power & Light Co.                                               | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   26559000 | PA      | $22476576.27  | 0.53%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4545.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                 | Glencore Funding LLC                                                           | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   17132000 | PA      | $14672844.97  | 0.35%             | 2031-04-27      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| Sysco Corp.                                          | Sysco Corp.                                                                    | CUSIP: 871829BH9<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    9063000 | PA      | $8030935.56   | 0.19%             | 2048-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                 | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   34056000 | PA      | $29552905.90  | 0.70%             | 2031-01-22      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy, Inc.                             | CenterPoint Energy, Inc.                                                       | CUSIP: 15189TBB2<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   17210000 | PA      | $14723753.22  | 0.35%             | 2031-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                      | Microsoft Corp.                                                                | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   15025000 | PA      | $10707011.68  | 0.25%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX SA                                       | JBS USA LUX SA                                                                 | CUSIP: 46590XAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    8667000 | PA      | $8422157.25   | 0.20%             | 2030-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                     | Brixmor Operating Partnership LP                                               | CUSIP: 11120VAH6<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    1293000 | PA      | $1195875.75   | 0.03%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                         | National Australia Bank Ltd.                                                   | CUSIP: 632525BB6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   30295000 | PA      | $24462409.38  | 0.58%             | 2037-01-12      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                     | BP Capital Markets America, Inc.                                               | CUSIP: 10373QBS8<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    5851000 | PA      | $4221836.62   | 0.10%             | 2052-03-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                 | American Express Co.                                                           | CUSIP: 025816CX5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   21439000 | PA      | $21250104.62  | 0.50%             | 2033-05-26      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   11845000 | PA      | $13562521.56  | 0.32%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ontario Teachers' Cadillac Fairview Properties Trust | Ontario Teachers' Cadillac Fairview Properties Trust                           | CUSIP: 68327LAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   19995000 | PA      | $15698748.53  | 0.37%             | 2031-10-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Hess Corp.                                           | Hess Corp.                                                                     | CUSIP: 42809HAH0<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   13418000 | PA      | $13595568.31  | 0.32%             | 2047-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                           | CUSIP: 606822CB8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   15409000 | PA      | $12560987.04  | 0.30%             | 2032-10-13      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                   | T-Mobile USA, Inc.                                                             | CUSIP: 87264ACA1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   18236000 | PA      | $16062755.15  | 0.38%             | 2028-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                          | Toronto-Dominion Bank (The)                                                    | CUSIP: 89115A2C5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   14123000 | PA      | $13892592.43  | 0.33%             | 2027-06-08      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Ready Capital Mortgage Financing LLC                 | Ready Capital Mortgage Financing LLC, Series 2021-FL5, Class A                 | CUSIP: 75574YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    9273245 | PA      | $8974637.71   | 0.21%             | 2038-04-25      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Bonds                                                            | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   95964000 | PA      | $77633377.04  | 1.83%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Equitable Holdings, Inc.                             | Equitable Holdings, Inc.                                                       | CUSIP: 29452EAC5<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   23973000 | PA      | $24544710.26  | 0.58%             | 2033-01-11      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| NXP BV                                               | NXP BV                                                                         | CUSIP: 62954HAU2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   18128000 | PA      | $13449526.85  | 0.32%             | 2041-05-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                                       | QUALCOMM, Inc.                                                                 | CUSIP: 747525AU7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    8045000 | PA      | $7753531.26   | 0.18%             | 2027-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Credit Index Swaption                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       | -139500000 | PA      | $-220431.99   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                           | Corebridge Financial, Inc.                                                     | CUSIP: 21871XAG4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   16695000 | PA      | $15206455.60  | 0.36%             | 2032-04-05      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                               | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   15937000 | PA      | $16063137.53  | 0.38%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     757000 | PA      | $744110.58    | 0.02%             | 2026-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AstraZeneca plc                                      | AstraZeneca plc                                                                | CUSIP: 046353AW8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    8756000 | PA      | $7187274.86   | 0.17%             | 2030-08-06      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                 | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   41896000 | PA      | $38536777.04  | 0.91%             | 2031-04-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Bonds                                                            | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   34828600 | PA      | $30012457.66  | 0.71%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Intercontinental Exchange, Inc.                                                | CUSIP: 45866FAY0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    8600000 | PA      | $8482775.12   | 0.20%             | 2062-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co.                                | Kraft Heinz Foods Co.                                                          | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   12944000 | PA      | $12106585.98  | 0.29%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TSMC Arizona Corp.                                   | TSMC Arizona Corp.                                                             | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    8004000 | PA      | $7860705.19   | 0.19%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                    | Duke Energy Corp.                                                              | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   21247000 | PA      | $16864184.14  | 0.40%             | 2046-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury Ultra Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       1375 | NC      | $8341694.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                               | Booking Holdings, Inc.                                                         | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    2201000 | PA      | $2107334.31   | 0.05%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                           | CNH Industrial Capital LLC                                                     | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   17462000 | PA      | $17748452.59  | 0.42%             | 2025-10-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                      | Air Lease Corp.                                                                | CUSIP: 00914AAS1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   21184000 | PA      | $17400119.00  | 0.41%             | 2032-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                                 | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    3224000 | PA      | $3141729.16   | 0.07%             | 2030-01-23      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 2 Year Note                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       2161 | NC      | $1552375.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.           | Australia & New Zealand Banking Group Ltd.                                     | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    3516000 | PA      | $2711574.36   | 0.06%             | 2035-11-25      | Variable      | 2.57%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                                   | VICI Properties LP                                                             | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   19861000 | PA      | $19231944.53  | 0.45%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                        | Comcast Corp.                                                                  | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   25068000 | PA      | $17500006.15  | 0.41%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PCQ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   18120000 | PA      | $18300442.77  | 0.43%             | 2035-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Booking Holdings, Inc.                               | Booking Holdings, Inc.                                                         | CUSIP: 741503AZ9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |   18768000 | PA      | $18243289.14  | 0.43%             | 2026-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                    | Merck & Co., Inc.                                                              | CUSIP: 58933YBF1<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    7976000 | PA      | $5744009.24   | 0.14%             | 2051-12-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                   | Millicom International Cellular SA                                             | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |   15857000 | PA      | $13422950.50  | 0.32%             | 2031-04-27      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Danaher Corp.                                        | Danaher Corp.                                                                  | CUSIP: 235851AV4<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |   22327000 | PA      | $15422907.53  | 0.36%             | 2050-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                           | Anglo American Capital plc                                                     | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   13073000 | PA      | $11228577.88  | 0.26%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.                          | Rogers Communications, Inc.                                                    | CUSIP: 775109BZ3<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |   12354000 | PA      | $10746997.49  | 0.25%             | 2042-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                         | Canadian Pacific Railway Co.                                                   | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    5600000 | PA      | $4444872.54   | 0.10%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                               | General Dynamics Corp.                                                         | CUSIP: 369550BM9<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   13022000 | PA      | $12566084.41  | 0.30%             | 2030-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                         | Discovery Communications LLC                                                   | CUSIP: 25470DBF5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    7075000 | PA      | $6503989.20   | 0.15%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                         | Canadian Pacific Railway Co.                                                   | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   14624000 | PA      | $10782274.62  | 0.25%             | 2051-12-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                               | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    8727000 | PA      | $8068355.77   | 0.19%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                       | EPR Properties                                                                 | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   12888000 | PA      | $9963411.22   | 0.24%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                  | Societe Generale SA                                                            | CUSIP: 83368RBH4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    6283000 | PA      | $5661709.88   | 0.13%             | 2028-01-19      | Variable      | 2.80%                 | Yes           |                  2 | On Loan: No      |
| Anglo American Capital plc                           | Anglo American Capital plc                                                     | CUSIP: 034863AZ3<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   11184000 | PA      | $9783878.06   | 0.23%             | 2028-03-17      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                       | Commonwealth Bank of Australia                                                 | CUSIP: 202712BK0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   12534000 | PA      | $10839129.83  | 0.26%             | 2034-09-12      | Variable      | 3.61%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Commercial Mortgage Securities Trust  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2005-LDP2, Class H | CUSIP: 46625YNY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     482773 | PA      | $392157.51    | 0.01%             | 2042-07-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                             | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    6520000 | PA      | $6625819.60   | 0.16%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   12528000 | PA      | $10736017.31  | 0.25%             | 2033-02-24      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                         | Fiserv, Inc.                                                                   | CUSIP: 337738AV0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   13643000 | PA      | $11710319.52  | 0.28%             | 2049-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                           | Constellation Brands, Inc.                                                     | CUSIP: 21036PBG2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    5973000 | PA      | $4824740.80   | 0.11%             | 2050-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VeriSign, Inc.                                       | VeriSign, Inc.                                                                 | CUSIP: 92343EAL6<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |   10277000 | PA      | $10187862.95  | 0.24%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                  | Bank of New York Mellon Corp. (The)                                            | CUSIP: 06406RBL0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   10798000 | PA      | $11353123.78  | 0.27%             | 2028-10-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                          | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    6090000 | PA      | $5180308.44   | 0.12%             | 2031-02-13      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   16087000 | PA      | $14053743.00  | 0.33%             | 2082-03-15      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| NXP BV                                               | NXP BV                                                                         | CUSIP: 62954HBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   15364000 | PA      | $12619931.22  | 0.30%             | 2031-05-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $1509.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                      | Virginia Electric and Power Co., Series A                                      | CUSIP: 927804GB4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   11354000 | PA      | $10299256.77  | 0.24%             | 2029-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.             | International Flavors & Fragrances, Inc.                                       | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    3953000 | PA      | $3420885.48   | 0.08%             | 2027-10-15      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| Florida Power & Light Co.                            | Florida Power & Light Co.                                                      | CUSIP: 341081FQ5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    8281000 | PA      | $7299241.41   | 0.17%             | 2048-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 10 Year Ultra Note                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -4809 | NC      | $-8410484.15  | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                                    | FirstEnergy Corp., Series B                                                    | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   14231000 | PA      | $13599855.15  | 0.32%             | 2027-07-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                      | Fairfax Financial Holdings Ltd.                                                | CUSIP: 303901BK7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   32074000 | PA      | $31219061.44  | 0.74%             | 2032-08-16      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                              | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   25595000 | PA      | $20709153.56  | 0.49%             | 2031-08-18      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                         | Marriott International, Inc., Series X                                         | CUSIP: 571903AY9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   31912000 | PA      | $30650195.69  | 0.72%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                         | Mattel, Inc.                                                                   | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   27311000 | PA      | $24536202.40  | 0.58%             | 2029-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.                          | Rogers Communications, Inc.                                                    | CUSIP: 775109CC3<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |   11639000 | PA      | $10476552.20  | 0.25%             | 2032-03-15      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Equinix, Inc.                                        | Equinix, Inc.                                                                  | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   22738000 | PA      | $19001277.10  | 0.45%             | 2031-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EQM Midstream Partners LP                            | EQM Midstream Partners LP                                                      | CUSIP: 26885BAK6<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   16502000 | PA      | $14473244.12  | 0.34%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Apple, Inc.                                          | Apple, Inc.                                                                    | CUSIP: 037833EK2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   14930000 | PA      | $10615156.54  | 0.25%             | 2051-08-05      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                | Time Warner Cable LLC                                                          | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    5172000 | PA      | $4113569.75   | 0.10%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAZ8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    6037000 | PA      | $4709688.82   | 0.11%             | 2041-10-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                          | Raytheon Technologies Corp.                                                    | CUSIP: 75513ECM1<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    8393000 | PA      | $6840709.45   | 0.16%             | 2031-09-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                          | Dick's Sporting Goods, Inc.                                                    | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   17941000 | PA      | $12629076.98  | 0.30%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP, Series G                                                   | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   14243000 | PA      | $13010980.50  | 0.31%             | 2030-05-15      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Sysco Corp.                                          | Sysco Corp.                                                                    | CUSIP: 871829BK2<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    4205000 | PA      | $3645304.07   | 0.09%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                         | Humana, Inc.                                                                   | CUSIP: 444859BE1<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   13471000 | PA      | $12985231.29  | 0.31%             | 2044-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                          | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   33510000 | PA      | $24703565.30  | 0.58%             | 2041-06-19      | Variable      | 2.68%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                       | Enbridge, Inc.                                                                 | CUSIP: 29250NBE4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   15739000 | PA      | $11736641.71  | 0.28%             | 2051-08-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                  | Regal Rexnord Corp.                                                            | CUSIP: 758750AD5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   10547000 | PA      | $10707478.51  | 0.25%             | 2028-04-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                          | Dick's Sporting Goods, Inc.                                                    | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   15280000 | PA      | $12502402.82  | 0.30%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                         | Verizon Communications, Inc.                                                   | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    4562000 | PA      | $4068420.61   | 0.10%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   12860000 | PA      | $11444819.11  | 0.27%             | 2032-03-15      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| Nordstrom, Inc.                                      | Nordstrom, Inc.                                                                | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   15709000 | PA      | $11796045.19  | 0.28%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Aon Corp.                                            | Aon Corp.                                                                      | CUSIP: 03740LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3253000 | PA      | $2758098.08   | 0.07%             | 2031-12-02      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                       | Southern California Edison Co.                                                 | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    7945000 | PA      | $6245438.10   | 0.15%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAG6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   11590000 | PA      | $11014860.04  | 0.26%             | 2026-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                             | Benchmark Mortgage Trust, Series 2021-B27, Class XA                            | CUSIP: 08163HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  199891593 | PA      | $14430833.77  | 0.34%             | 2054-07-15      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction LLC                         | Sabine Pass Liquefaction LLC                                                   | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    5013000 | PA      | $4866089.62   | 0.11%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Korea Hydro & Nuclear Power Co. Ltd.                 | Korea Hydro & Nuclear Power Co. Ltd.                                           | CUSIP: 50064YAQ6<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | NUSS              | KR        |   21936000 | PA      | $21413923.42  | 0.51%             | 2027-07-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                | Ashtead Capital, Inc.                                                          | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    4817000 | PA      | $4834781.18   | 0.11%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Constellation Brands, Inc.                           | Constellation Brands, Inc.                                                     | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   13091000 | PA      | $13087358.87  | 0.31%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp.                              | Boston Scientific Corp.                                                        | CUSIP: 101137BA4<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    9471000 | PA      | $8406515.95   | 0.20%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                               | Home Depot, Inc. (The)                                                         | CUSIP: 437076CC4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   19715000 | PA      | $16697768.30  | 0.39%             | 2040-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                            | EQT Corp.                                                                      | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    8166000 | PA      | $7147536.48   | 0.17%             | 2031-05-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                           | CUSIP: 606822BZ6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    8042000 | PA      | $7088875.19   | 0.17%             | 2027-10-13      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                  | Cisco Systems, Inc.                                                            | CUSIP: 17275RAF9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    6838000 | PA      | $7550739.65   | 0.18%             | 2040-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                    | CNH Industrial NV                                                              | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |   14189000 | PA      | $13788798.97  | 0.33%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                          | First Quantum Minerals Ltd.                                                    | CUSIP: 335934AR6<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    2794000 | PA      | $2717025.30   | 0.06%             | 2026-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CommScope, Inc.                                      | CommScope, Inc.                                                                | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   28608000 | PA      | $23812154.88  | 0.56%             | 2029-09-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. (The)                                   | Southern Co. (The), Series A                                                   | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   23946000 | PA      | $22401144.40  | 0.53%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                            | KREF Ltd., Series 2021-FL2, Class AS                                           | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    9074500 | PA      | $8645557.46   | 0.20%             | 2039-02-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp.            | Westinghouse Air Brake Technologies Corp.                                      | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   25995000 | PA      | $25821765.16  | 0.61%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TSMC Arizona Corp.                                   | TSMC Arizona Corp.                                                             | CUSIP: 872898AD3<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |   15915000 | PA      | $13099623.29  | 0.31%             | 2041-10-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                        | CUSIP: 44891ABL0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    2929000 | PA      | $3078492.29   | 0.07%             | 2030-04-08      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance International NV                        | Enel Finance International NV                                                  | CUSIP: 29278GAW8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   16585000 | PA      | $16223299.56  | 0.38%             | 2027-06-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Cellnex Finance Co. SA                               | Cellnex Finance Co. SA                                                         | CUSIP: 15118JAA3<br>LEI: 549300OUROMFTRFA7T23 | Long             | DBT              | CORP              | ES        |   24203000 | PA      | $17865619.44  | 0.42%             | 2041-07-07      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                | Sumitomo Mitsui Financial Group, Inc.                                          | CUSIP: 86562MCE8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   29330000 | PA      | $23065665.46  | 0.54%             | 2031-01-12      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| Diageo Capital plc                                   | Diageo Capital plc                                                             | CUSIP: 25243YBD0<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   11475000 | PA      | $9789405.81   | 0.23%             | 2030-04-29      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RPM International, Inc.                              | RPM International, Inc.                                                        | CUSIP: 749685AW3<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1511148.87   | 0.04%             | 2048-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   23742000 | PA      | $20454554.95  | 0.48%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                        | CUSIP: 44891ABX4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   22197000 | PA      | $18815889.92  | 0.44%             | 2028-06-15      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.                 | Anheuser-Busch InBev Worldwide, Inc.                                           | CUSIP: 035240AM2<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    8822000 | PA      | $8366590.01   | 0.20%             | 2038-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                        | Comcast Corp.                                                                  | CUSIP: 20030NDM0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    3102000 | PA      | $2596220.48   | 0.06%             | 2031-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co.                                | Kraft Heinz Foods Co.                                                          | CUSIP: 50077LBJ4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   12522000 | PA      | $12779895.35  | 0.30%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFP Ltd.                                             | PFP Ltd., Series 2021-8, Class AS                                              | CUSIP: 69357XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   17557000 | PA      | $16532180.35  | 0.39%             | 2037-08-09      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                          | Toronto-Dominion Bank (The)                                                    | CUSIP: 89115A2H4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   15916000 | PA      | $16002856.32  | 0.38%             | 2027-09-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   30415000 | PA      | $25089159.53  | 0.59%             | 2032-10-21      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.             | International Flavors & Fragrances, Inc.                                       | CUSIP: 459506AR2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   12028000 | PA      | $9218815.50   | 0.22%             | 2040-11-15      | Fixed         | 3.27%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies, Inc.                           | Sensata Technologies, Inc.                                                     | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    3352000 | PA      | $2845336.25   | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                   | LPL Holdings, Inc.                                                             | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    4366000 | PA      | $3822913.26   | 0.09%             | 2031-05-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Becton Dickinson and Co.                             | Becton Dickinson and Co.                                                       | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    6838000 | PA      | $6499136.69   | 0.15%             | 2044-12-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                         | Humana, Inc.                                                                   | CUSIP: 444859BR2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    8302000 | PA      | $6739758.12   | 0.16%             | 2032-02-03      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    7581000 | PA      | $6365076.66   | 0.15%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                        | Equinix, Inc.                                                                  | CUSIP: 29444UBJ4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    8061000 | PA      | $5545508.68   | 0.13%             | 2050-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                       | Commonwealth Bank of Australia                                                 | CUSIP: 202712BQ7<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   18459000 | PA      | $13595473.26  | 0.32%             | 2041-03-11      | Fixed         | 3.31%                 | Yes           |                  2 | On Loan: No      |
| PFP Ltd.                                             | PFP Ltd., Series 2021-8, Class A                                               | CUSIP: 69357XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   13976695 | PA      | $13445384.73  | 0.32%             | 2037-08-09      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Lam Research Corp.                                   | Lam Research Corp.                                                             | CUSIP: 512807AV0<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    3948000 | PA      | $3319568.65   | 0.08%             | 2030-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                     | BP Capital Markets America, Inc.                                               | CUSIP: 10373QBM1<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    6943000 | PA      | $5780429.43   | 0.14%             | 2030-08-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                  | Bank of New York Mellon Corp. (The)                                            | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   11847000 | PA      | $12830683.78  | 0.30%             | 2033-10-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                               | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   29257000 | PA      | $29868426.54  | 0.70%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                       | Thermo Fisher Scientific, Inc.                                                 | CUSIP: 883556CM2<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    7023000 | PA      | $5514457.42   | 0.13%             | 2041-10-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                         | Discovery Communications LLC                                                   | CUSIP: 25470DBG3<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    9152000 | PA      | $7740895.40   | 0.18%             | 2049-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                            | Florida Power & Light Co.                                                      | CUSIP: 341081GG6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   16909000 | PA      | $14587605.66  | 0.34%             | 2032-02-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                             | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    7532000 | PA      | $7740636.40   | 0.18%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Waste Connections, Inc.                              | Waste Connections, Inc.                                                        | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   14186000 | PA      | $13780953.81  | 0.33%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Coeur Mining, Inc.                                   | Coeur Mining, Inc.                                                             | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |    8988000 | PA      | $7237171.22   | 0.17%             | 2029-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                          | CUSIP: 06051GJW0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   33183000 | PA      | $26702235.00  | 0.63%             | 2042-04-22      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Credit Index Swaption                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   80000000 | PA      | $172400.78    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties LP                                   | VICI Properties LP                                                             | CUSIP: 92564RAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    7346000 | PA      | $6570899.89   | 0.16%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Corp.                                | Targa Resources Corp.                                                          | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   11478000 | PA      | $10401940.37  | 0.25%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                                       | NiSource, Inc.                                                                 | CUSIP: 65473QBD4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    3597000 | PA      | $3762216.36   | 0.09%             | 2045-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Bayview Financial Revolving Asset Trust              | Bayview Financial Revolving Asset Trust, Series 2005-E, Class M1               | CUSIP: 073250BW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     317231 | PA      | $394906.02    | 0.01%             | 2040-12-28      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Corporate Office Properties LP                       | Corporate Office Properties LP                                                 | CUSIP: 22003BAM8<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   27392000 | PA      | $21379943.85  | 0.50%             | 2031-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                  | STORE Capital Corp.                                                            | CUSIP: 862121AD2<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |   20734000 | PA      | $15634597.52  | 0.37%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                             | BDS Ltd., Series 2021-FL7, Class B                                             | CUSIP: 05493FAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4505000 | PA      | $4243984.81   | 0.10%             | 2036-06-16      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| American Transmission Systems, Inc.                  | American Transmission Systems, Inc.                                            | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    5287000 | PA      | $4500594.54   | 0.11%             | 2032-01-15      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   11253000 | PA      | $11831608.10  | 0.28%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                        | UniCredit SpA                                                                  | CUSIP: 904678AW9<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    4551000 | PA      | $4012480.67   | 0.09%             | 2027-06-03      | Variable      | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp.                                    | Duke Energy Corp.                                                              | CUSIP: 26441CBM6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    9512000 | PA      | $7394749.41   | 0.17%             | 2041-06-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd.                            | Mizrahi Tefahot Bank Ltd.                                                      | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | DBT              | CORP              | IL        |   11682000 | PA      | $10507959.00  | 0.25%             | 2031-04-07      | Variable      | 3.08%                 | Yes           |                  2 | On Loan: No      |
| Tapestry, Inc.                                       | Tapestry, Inc.                                                                 | CUSIP: 189754AC8<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    2710000 | PA      | $2605824.62   | 0.06%             | 2027-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                          | Apple, Inc.                                                                    | CUSIP: 037833EJ5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    4970000 | PA      | $4090974.99   | 0.10%             | 2031-08-05      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                              | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    7186000 | PA      | $5886734.12   | 0.14%             | 2032-11-22      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                         | Fiserv, Inc.                                                                   | CUSIP: 337738BB3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   18340000 | PA      | $16687709.60  | 0.39%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co.                                 | Vulcan Materials Co.                                                           | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |     379000 | PA      | $346311.25    | 0.01%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** MFS Series Trust IX

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer