# EDGAR Filing Document

**Accession Number:** 0000777535
**File Stem:** 0001752724-25-207043
**Filing Date:** 2025-8
**Character Count:** 96160
**Document Hash:** fb0fc7d146208d48be3e4e649be16f88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207043.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLLEGE RETIREMENT EQUITIES FUND
- **CENTRAL INDEX KEY:** 0000777535

**ORGANIZATION NAME:**
- **EIN:** 136022042
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04415
- **FILM NUMBER:** 251260687

**BUSINESS ADDRESS:**
- **STREET 1:** 730 THIRD AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2129164905

**MAIL ADDRESS:**
- **STREET 1:** 730 THIRD AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### Inflation-Linked Bond Account (Series ID: S000005085)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000154488 | Class R1     | QCILRX          |
| C000154489 | Class R2     | QCILPX          |
| C000154490 | Class R3     | QCILIX          |
| C000234676 | Class R4     | QCILFX          |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** College Retirement Equities Fund

- **b. Investment Company Act file number:** 811-04415

- **c. CIK number of Registrant:** 0000777535

- **d. LEI of Registrant:** 549300W86TWR1A52Z652

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

  - **Street Address 1:** 730 Third Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-490-9000

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

- **a. Name of Series:** College Retirement Equities Fund - Inflation-Linked Bond Account

- **b. EDGAR series identifier (if any):** S000005085

- **c. LEI of Series:** 549300UHFZ6YCGMQ2F56

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7797300889.00

**Total Liabilities:** $8821353.00

**Net Assets:** $7788479536.00

**Delayed Delivery Securities:** $2000000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -16106.51000000 | **1-Year:** -472062.21000000 | **5-Year:** -1541539.03000000 | **10-Year:** -1215064.30000000 | **30-Year:** -39602.19000000

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

- **3-Month:** -1605.89000000 | **1-Year:** -4450.05000000 | **5-Year:** -19094.44000000 | **10-Year:** -6016.47000000 | **30-Year:** -889.18000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234676 | 0.54%                | -0.33%               | 0.91%                |
| Class ID C000154488 | 0.51%                | -0.35%               | 0.90%                |
| Class ID C000154490 | 0.53%                | -0.34%               | 0.90%                |
| Class ID C000154489 | 0.53%                | -0.34%               | 0.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $131559.96               | $-84339.56                                 |
| Month 2  | $-546829.58              | $-47707561.62                              |
| Month 3  | $-4697153.35             | $40421389.80                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Trust                                                                    | BX TRUST                                                                      | CUSIP: 05610FAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1995241.60   | 0.03%             | 2039-01-17      | Variable      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 20754EAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   6324200 | PA      | $6691480.44   | 0.09%             | 2043-07-25      | Variable      | 9.19%                 | Yes           |                  2 | On Loan: No      |
| NYCT Trust 2024-3ELV                                                        | NYC Trust                                                                     | CUSIP: 62956HAC0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2000000.40   | 0.03%             | 2029-08-15      | Variable      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 294007744 | PA      | $277454308.31 | 3.56%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                         | MRCD Mortgage Trust                                                           | CUSIP: 55348UAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1753500.00   | 0.02%             | 2036-12-15      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| ELP 2021-ELP                                                                | ELP Commercial Mortgage Trust                                                 | CUSIP: 26863LAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1997675 | PA      | $1996677.52   | 0.03%             | 2038-11-15      | Variable      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                                                        | Saudi Arabian Oil Co                                                          | CUSIP: 80414L2N4<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   2950000 | PA      | $2980665.25   | 0.04%             | 2034-07-17      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                       | Duke Energy Carolinas LLC                                                     | CUSIP: 26442CBB9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1809778.22   | 0.02%             | 2031-04-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                 | CitiBank NA                                                                   | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2010984.30   | 0.03%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                                        | Petronas Capital Ltd                                                          | CUSIP: 716743AV1<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   4480000 | PA      | $4569054.96   | 0.06%             | 2031-01-03      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                                                        | Bank of America Corp                                                          | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3074848.71   | 0.04%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 149068324 | PA      | $150897845.81 | 1.94%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                                               | ARDN Mortgage Trust                                                           | CUSIP: 039961AG2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3011090.40   | 0.04%             | 2035-06-15      | Variable      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 3617Q8L67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |  30470536 | PA      | $25809376.86  | 0.33%             | 2037-07-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 20754NAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $156981.68    | 0.00%             | 2042-05-25      | Variable      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| PKHL Commercial Mortgage Trust                                              | PKHL Commercial Mortgage Trust                                                | CUSIP: 69356GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1892789.80   | 0.02%             | 2038-07-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL AMERICAN BANK                                                       | Central American Bank for Economic Integration                                | CUSIP: 15238PAH9<br>LEI: 549300OLDAMXBPSHIC05 | Long             | DBT              | NUSS              | N/A       |   6250000 | PA      | $6266566.94   | 0.08%             | 2026-02-09      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                         | Freddie Mac STACR REMIC Trust                                                 | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-CBDO         | CORP              | US        |  17000000 | PA      | $17678640.00  | 0.23%             | 2042-05-25      | Variable      | 7.66%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol SA                                                                | Ecopetrol S.A.                                                                | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4000000 | PA      | $3931008.28   | 0.05%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                         | COMM Mortgage Trust                                                           | CUSIP: 12631DBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5155651 | PA      | $4980086.72   | 0.06%             | 2047-05-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                             | CVS Health Corp                                                               | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1875044.12   | 0.02%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2024-C                                                  | CNH Equipment Trust                                                           | CUSIP: 18978GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4925000 | PA      | $4917214.56   | 0.06%             | 2030-01-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Banco Nacional de Comercio Exterior SNC/Cayman Islands                      | Banco Nacional de Comercio Exterior SNC                                       | CUSIP: 05974TAA5<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |   1450000 | PA      | $1469009.50   | 0.02%             | 2030-05-07      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CBOT 5 Year US Treasury Note                                                | US 5YR NOTE (CBT) Sep25                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1293 | NC      | $140937000.00 | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 159086847 | PA      | $144182021.16 | 1.85%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| ELP 2021-ELP                                                                | ELP Commercial Mortgage Trust                                                 | CUSIP: 26863LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4070262 | PA      | $4067216.54   | 0.05%             | 2038-11-15      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| INDUSTRIAL DPR FUNDING LTD.                                                 | Industrial DPR Funding Ltd                                                    | CUSIP: 45605PAZ1<br>LEI: 549300MBUJF25SSFY437 | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $2681070.00   | 0.03%             | 2034-04-15      | Fixed         | 5.38%                 | Yes           |                  3 | On Loan: No      |
| ZURN LLC                                                                    | Zurn Holdings, Inc., Term Loan B                                              | CUSIP: 76168JAS5<br>LEI: 549300XLZXRC2KJ6VK87 | Long             | LON              | CORP              | US        |   2620227 | PA      | $2640101.69   | 0.03%             | 2028-10-04      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| INTOWN 2025-STAY Mortgage Trust                                             | INTOWN Mortgage Trust                                                         | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4992765.50   | 0.06%             | 2042-03-15      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                      | Albertsons Cos, Inc                                                           | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3505000 | PA      | $3588519.24   | 0.05%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| PARKLAND CORP                                                               | Parkland Corp                                                                 | CUSIP: 70137WAL2<br>LEI: 549300Q72GWZCL8MQC95 | Long             | DBT              | CORP              | CA        |   3150000 | PA      | $3016318.19   | 0.04%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                         | JPMorgan Chase & Co                                                           | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1575883.23   | 0.02%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2024-REV1                                      | Ford Credit Auto Owner Trust                                                  | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18000000 | PA      | $18344406.60  | 0.24%             | 2036-08-15      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                         | Kinetik Holdings LP                                                           | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5042400.00   | 0.06%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2024-4                   | GM Financial Consumer Automobile Receivables Trust                            | CUSIP: 38014AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9900000 | PA      | $9928504.08   | 0.13%             | 2029-08-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 291378334 | PA      | $269957821.86 | 3.47%             | 2031-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                                        | Petronas Capital Ltd                                                          | CUSIP: 716743AW9<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |   2000000 | PA      | $2048266.54   | 0.03%             | 2035-04-03      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                                              | JP Morgan Chase Commercial Mortgage Securities Trust                          | CUSIP: 46652BBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $840020.00    | 0.01%             | 2037-01-16      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 196446943 | PA      | $196077278.97 | 2.52%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                                    | Ferrellgas LP                                                                 | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2312923.75   | 0.03%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R06                                | Connecticut Avenue Securities Trust                                           | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    918000 | PA      | $948722.16    | 0.01%             | 2043-07-25      | Variable      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 20755AAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   6235000 | PA      | $6509696.64   | 0.08%             | 2043-01-25      | Variable      | 7.66%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                            | Bank of New York Mellon Corp                                                  | CUSIP: RPER0CP58<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | RA               | CORP              | US        |  84972101 | PA      | $84972100.72  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                                              | Oak Street Investment Grade Net Lease Fund Series                             | CUSIP: 67181DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6253709 | PA      | $5963659.17   | 0.08%             | 2051-11-20      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                            | T-Mobile USA, Inc                                                             | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013553.98   | 0.03%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 141085738 | PA      | $139517711.60 | 1.79%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                       | DB Master Finance LLC                                                         | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   5693500 | PA      | $5271797.26   | 0.07%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc                                                                | Enbridge, Inc                                                                 | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2624506.20   | 0.03%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                                             | Gruma SAB de C.V.                                                             | CUSIP: 400131AH1<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | DBT              | CORP              | MX        |   3725000 | PA      | $3740262.93   | 0.05%             | 2034-12-09      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Banc of America Merrill Lynch                                               | BAMLL Commercial Mortgage Securities Trust                                    | CUSIP: 05530SAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4987983 | PA      | $4947170.17   | 0.06%             | 2039-01-15      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                         | Freddie Mac STACR REMIC Trust                                                 | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |   4355000 | PA      | $4632244.09   | 0.06%             | 2042-06-25      | Variable      | 8.81%                 | Yes           |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                                              | JPMBB Commercial Mortgage Securities Trust                                    | CUSIP: 46643ABK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2056921.02   | 0.03%             | 2047-09-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828N71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 175527298 | PA      | $174562672.37 | 2.24%             | 2026-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75900483 | PA      | $76445783.95  | 0.98%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                                                              | 101B.C. Unlimited Liability Company, Term Loan B6                             | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   2909806 | PA      | $2901018.81   | 0.04%             | 2030-09-20      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                         | Petroleos Mexicanos                                                           | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $960241.60    | 0.01%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                                            | Transnet SOC Ltd                                                              | CUSIP: 89378TAD5<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |   5460000 | PA      | $5647494.00   | 0.07%             | 2028-02-06      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TELEFONICA MOVILES CHILE                                                    | Telefonica Moviles Chile S.A.                                                 | CUSIP: 87938XAB7<br>LEI: 549300PDWJ2U6A15B785 | Long             | DBT              | CORP              | CL        |   1500000 | PA      | $926751.21    | 0.01%             | 2031-11-18      | Fixed         | 3.54%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 210468980 | PA      | $207591860.62 | 2.67%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 146180700 | PA      | $148000209.71 | 1.90%             | 2027-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                                               | Citigroup Commercial Mortgage Trust                                           | CUSIP: 17291HAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $7483984.50   | 0.10%             | 2038-10-15      | Variable      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 20753DAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4500000 | PA      | $4824953.10   | 0.06%             | 2042-09-25      | Variable      | 9.06%                 | Yes           |                  2 | On Loan: No      |
| Banc of America Merrill Lynch                                               | BAMLL Commercial Mortgage Securities Trust                                    | CUSIP: 05530SAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2267265 | PA      | $2249657.13   | 0.03%             | 2039-01-15      | Variable      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                            | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2155288.60   | 0.03%             | 2030-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                                             | Trans Union, LLC, Term Loan B9                                                | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1507393 | PA      | $1510618.73   | 0.02%             | 2031-06-24      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL                                                     | EIG Pearl Holdings Sarl                                                       | CUSIP: 28249NAA9<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |   2977929 | PA      | $2650225.78   | 0.03%             | 2036-08-31      | Fixed         | 3.54%                 | Yes           |                  2 | On Loan: No      |
| Bimbo Bakeries USA Inc                                                      | Bimbo Bakeries USA, Inc                                                       | CUSIP: 09031WAD5<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4484163.60   | 0.06%             | 2034-01-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 207932AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |  10855000 | PA      | $11461585.00  | 0.15%             | 2042-12-25      | Variable      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                      | CCO Holdings LLC                                                              | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4983915.15   | 0.06%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Antofagasta PLC                                                             | Antofagasta plc                                                               | CUSIP: 03718NAC0<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |   1575000 | PA      | $1651363.88   | 0.02%             | 2034-05-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| BX Commercial Mortgage Trust 2021-21M                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05609CAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $2099431.53   | 0.03%             | 2036-10-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                         | Petroleos Mexicanos                                                           | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2375000 | PA      | $2206559.78   | 0.03%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FLUIDRA FINCO SL                                                            | Fluidra, S.A., Term Loan B                                                    | CUSIP: 98975VAM8<br>LEI: 9598001EJ2RDDXG5CK22 | Long             | LON              | CORP              | ES        |   1930000 | PA      | $1932904.65   | 0.02%             | 2029-01-29      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust Series 2024-5                                          | Verizon Master Trust Series                                                   | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25000000 | PA      | $25633072.50  | 0.33%             | 2032-06-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                               | UBS Commercial Mortgage Trust                                                 | CUSIP: 90276EAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7165000 | PA      | $6754823.10   | 0.09%             | 2050-06-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 153418590 | PA      | $151341240.92 | 1.94%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 275950872 | PA      | $267971101.29 | 3.44%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se                                              | Natixis Commercial Mortgage Securities Trust                                  | CUSIP: 63875FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2109965.25   | 0.03%             | 2036-07-15      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 146262600 | PA      | $152178151.37 | 1.95%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 36291FDR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |   4839911 | PA      | $4824067.41   | 0.06%             | 2045-10-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                                                  | Grupo Aeromexico SAB de C.V.                                                  | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2500000 | PA      | $2387875.00   | 0.03%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| MONTEFIORE MEDICAL CENT                                                     | Montefiore Medical Center                                                     | CUSIP: 61237WAC0<br>LEI: 549300LVC84TCICWUW24 | Long             | DBT              | CORP              | US        |  11380000 | PA      | $10007394.13  | 0.13%             | 2032-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                           | Fannie Mae REMICS                                                             | CUSIP: 3136BVAP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |   5929331 | PA      | $5948008.17   | 0.08%             | 2054-08-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                                               | ARDN Mortgage Trust                                                           | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5011616.50   | 0.06%             | 2035-06-15      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE                                                                  | Federal National Mortgage Association                                         | CUSIP: 3136G42Q5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   9000000 | PA      | $6798996.81   | 0.09%             | 2035-08-24      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 119734545 | PA      | $118273278.27 | 1.52%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 150414344 | PA      | $147264706.74 | 1.89%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                  | Verus Securitization Trust                                                    | CUSIP: 92538QAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6375588 | PA      | $5552243.64   | 0.07%             | 2066-10-25      | Variable      | 2.24%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                    | Charter Communications Operating LLC                                          | CUSIP: 161175CJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1883144.62   | 0.02%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Crocs Inc                                                                   | Crocs, Inc., Term Loan                                                        | CUSIP: 22704NAF9<br>LEI: 549300B0J6YCXD63OG72 | Long             | LON              | CORP              | US        |    680000 | PA      | $684596.80    | 0.01%             | 2029-02-19      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc                                                             | Gen Digital Inc., Term Loan B                                                 | CUSIP: 66877AAF5<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |   1694000 | PA      | $1693584.97   | 0.02%             | 2029-09-12      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America Inc                                            | Reinsurance Group of America, Inc                                             | CUSIP: 759351AS8<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2052865.74   | 0.03%             | 2034-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 244528050 | PA      | $234813302.69 | 3.01%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust 2024-B                                               | Tesla Auto Lease Trust                                                        | CUSIP: 881934AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16425000 | PA      | $16499433.17  | 0.21%             | 2027-10-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                                    | BX Commercial Mortgage Trust                                                  | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5277870 | PA      | $5277198.07   | 0.07%             | 2038-12-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications, Inc                                                   | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1723995.08   | 0.02%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                       | DB Master Finance LLC                                                         | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   4246000 | PA      | $3702309.89   | 0.05%             | 2051-11-20      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828XL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    946827 | PA      | $946380.10    | 0.01%             | 2025-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                                             | Antofagasta plc                                                               | CUSIP: 03718NAB2<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $610362.60    | 0.01%             | 2032-05-13      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Coherent Corp                                                               | II-VI Incorporated, First Lien Term Loan B                                    | CUSIP: BL4843142<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    281566 | PA      | $282328.81    | 0.00%             | 2029-07-02      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                                      | OCP S.A.                                                                      | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   2300000 | PA      | $2382319.30   | 0.03%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                       | DB Master Finance LLC                                                         | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   2895000 | PA      | $2787065.43   | 0.04%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                         | MRCD Mortgage Trust                                                           | CUSIP: 55348UAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1853050.00   | 0.02%             | 2036-12-15      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49876236 | PA      | $55515568.93  | 0.71%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANCO DE CHILE                                                              | Banco de Chile                                                                | CUSIP: 059520AC0<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | DBT              | CORP              | CL        |   1625000 | PA      | $1447916.93   | 0.02%             | 2031-12-09      | Fixed         | 2.99%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  53345535 | PA      | $58237825.31  | 0.75%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                   | Amgen, Inc                                                                    | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2298963.92   | 0.03%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Embraer Netherlands Finance BV                                              | Embraer Netherlands Finance BV                                                | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    875000 | PA      | $901950.00    | 0.01%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                       | Freeport Indonesia PT                                                         | CUSIP: 69377FAB2<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |   2500000 | PA      | $2506350.00   | 0.03%             | 2032-04-14      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 270494532 | PA      | $274907393.32 | 3.53%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CBOT 10 Year US Treasury Note                                               | US 10YR NOTE (CBT)Sep25                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       988 | NC      | $110779500.00 | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                      | UnitedHealth Group, Inc                                                       | CUSIP: 91324PEH1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1482982.40   | 0.02%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                                               | Citigroup Commercial Mortgage Trust                                           | CUSIP: 17291HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5650000 | PA      | $5633632.52   | 0.07%             | 2038-10-15      | Variable      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                                      | Indian Railway Finance Corp Ltd                                               | CUSIP: 45434L2H6<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |   1500000 | PA      | $1379256.75   | 0.02%             | 2032-01-21      | Fixed         | 3.57%                 | Yes           |                  2 | On Loan: —       |
| PRIME SECSRVC BRW/FINANC                                                    | Prime Security Services Borrower LLC                                          | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3148000 | PA      | $3164325.53   | 0.04%             | 2026-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EQT Corp                                                                    | EQT Corp                                                                      | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    680000 | PA      | $692371.89    | 0.01%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Latam Airlines Group SA                                                     | Latam Airlines Group S.A.                                                     | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   2000000 | PA      | $2007500.00   | 0.03%             | 2031-01-07      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Banco Bradesco SA/Cayman Islands                                            | Banco Bradesco S.A.                                                           | CUSIP: 05947KBB5<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |   1125000 | PA      | $1177762.50   | 0.02%             | 2030-01-22      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Amcor Group Finance PLC                                                     | Amcor Group Finance plc                                                       | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |   1750000 | PA      | $1799333.25   | 0.02%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 134311543 | PA      | $142818387.27 | 1.83%             | 2028-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BBVA Bancomer SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | BBVA Bancomer S.A. Institucion de Banca Multiple Grupo Financiero BBVA Mexico | CUSIP: 072912AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   1825000 | PA      | $1873910.00   | 0.02%             | 2035-02-11      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| STATE STR NAVIGATOR SECS L TR                                               | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5423414 | NS      | $5423413.61   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 253310506 | PA      | $236269008.31 | 3.03%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 377841880 | PA      | $387998580.08 | 4.98%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                                     | Reliance Industries Ltd                                                       | CUSIP: 759470AW7<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | US        |    657895 | PA      | $654037.98    | 0.01%             | 2026-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                    | Hilcorp Energy I LP                                                           | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4860718.50   | 0.06%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                    | Healthcare Realty Holdings LP                                                 | CUSIP: 42225UAF1<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986036.67    | 0.01%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 355650028 | PA      | $339836227.57 | 4.36%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2023-DNA2                                     | Freddie Mac STACR REMIC Trust                                                 | CUSIP: 35564KT66<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-CBDO         | CORP              | US        |  10605000 | PA      | $11126543.30  | 0.14%             | 2043-04-25      | Variable      | 7.56%                 | Yes           |                  2 | On Loan: No      |
| Jazz Financing Lux Sarl                                                     | Jazz Financing Lux S.a.r.l., First Lien Term Loan B                           | CUSIP: N/A<br>LEI: 635400WUEO2NSG5OIU34       | Long             | LON              | CORP              | LU        |   1557119 | PA      | $1565667.24   | 0.02%             | 2028-05-05      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34519003 | PA      | $34068293.21  | 0.44%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                                               | MTN Commercial Mortgage Trust                                                 | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8497000 | PA      | $8496624.43   | 0.11%             | 2039-03-15      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 250325075 | PA      | $245666117.32 | 3.15%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 172001984 | PA      | $161568206.14 | 2.07%             | 2030-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                                              | Core & Main LP, Term Loan B                                                   | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |   2078801 | PA      | $2082709.37   | 0.03%             | 2028-07-27      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R08                                | Connecticut Avenue Securities Trust                                           | CUSIP: 20755CAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4510000 | PA      | $4757591.78   | 0.06%             | 2043-10-25      | Variable      | 7.86%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 342297064 | PA      | $342559503.16 | 4.40%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 20755DAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4000000 | PA      | $4176773.20   | 0.05%             | 2042-07-25      | Variable      | 7.91%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 121438928 | PA      | $120387729.07 | 1.55%             | 2026-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                                           | TSMC Arizona Corp                                                             | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1523981.56   | 0.02%             | 2026-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 3617A4PK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   6990492 | PA      | $6799918.94   | 0.09%             | 2032-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                             | MVW LLC                                                                       | CUSIP: 55400KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2229763 | PA      | $2105619.48   | 0.03%             | 2039-05-20      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  59273784 | PA      | $61483356.56  | 0.79%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                                         | Avantor Funding, Inc., Term Loan                                              | CUSIP: 05350NAP9<br>LEI: 5493003VM0XB4U8YD238 | Long             | LON              | CORP              | US        |    150334 | PA      | $151116.48    | 0.00%             | 2027-11-08      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                   | Boeing Co                                                                     | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1939869.38   | 0.02%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 36181DYS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |  13703156 | PA      | $13335018.07  | 0.17%             | 2031-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                            | Wells Fargo & Co                                                              | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2048326.04   | 0.03%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sitios Latinoamerica SAB de CV                                              | Sitios Latinoamerica SAB de C.V.                                              | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |   3550000 | PA      | $3614752.00   | 0.05%             | 2029-11-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-XL5                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5253069 | PA      | $5264039.49   | 0.07%             | 2041-03-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                                                        | Bank of America Corp                                                          | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1542321.78   | 0.02%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BX Trust 2021-SDMF                                                          | BX Trust                                                                      | CUSIP: 12434CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1883841 | PA      | $1866376.00   | 0.02%             | 2034-09-15      | Variable      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 270293094 | PA      | $267190864.24 | 3.43%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                            | Connecticut Avenue Securities Trust                                           | CUSIP: 20753YCK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $371116.04    | 0.00%             | 2042-03-25      | Variable      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                            | Comision Federal de Electricidad                                              | CUSIP: 200447AN0<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   1700000 | PA      | $1697450.00   | 0.02%             | 2030-01-24      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                    | Occidental Petroleum Corp                                                     | CUSIP: 674599CS2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4647788.00   | 0.06%             | 2029-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2024-D Owner Trust                                  | Toyota Auto Receivables Owner Trust                                           | CUSIP: 89239TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18650000 | PA      | $18728663.84  | 0.24%             | 2029-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                         | COMM Mortgage Trust                                                           | CUSIP: 12624XAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    706540 | PA      | $676286.55    | 0.01%             | 2046-03-10      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                                   | Coca-Cola Femsa SAB de C.V.                                                   | CUSIP: 191241AK4<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |   2100000 | PA      | $2086854.00   | 0.03%             | 2035-05-06      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                    | Florida Power & Light Co                                                      | CUSIP: 341081GQ4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3007729.14   | 0.04%             | 2033-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU                                              | WFRBS Commercial Mortgage Trust                                               | CUSIP: 92937EAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1951000 | PA      | $1867506.96   | 0.02%             | 2045-03-15      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                              | MSC Trust                                                                     | CUSIP: 62479WAJ0<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   3986816 | PA      | $3984032.55   | 0.05%             | 2036-11-15      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                    | Benchmark Mortgage Trust                                                      | CUSIP: 08161CAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1605541.20   | 0.02%             | 2051-02-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                | Ecopetrol S.A.                                                                | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2275000 | PA      | $1921402.89   | 0.02%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 281795016 | PA      | $259304019.83 | 3.33%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2024-C                                         | Ford Credit Auto Owner Trust                                                  | CUSIP: 34532UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14055000 | PA      | $14035434.03  | 0.18%             | 2029-07-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 131953687 | PA      | $134163589.49 | 1.72%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                         | COMM Mortgage Trust                                                           | CUSIP: 12593QBH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2457562.00   | 0.03%             | 2048-10-10      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                         | COMM Mortgage Trust                                                           | CUSIP: 12630DBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2882269 | PA      | $2777628.56   | 0.04%             | 2047-02-10      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R04                                | Connecticut Avenue Securities Trust                                           | CUSIP: 20754QAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |   4365000 | PA      | $4613539.17   | 0.06%             | 2043-05-25      | Variable      | 7.86%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                                    | BX Commercial Mortgage Trust                                                  | CUSIP: 05609KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12600000 | PA      | $12601202.03  | 0.16%             | 2038-10-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Nexa Resources SA                                                           | Nexa Resources S.A.                                                           | CUSIP: 65290DAB9<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |    650000 | PA      | $678951.65    | 0.01%             | 2034-04-09      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| SMR 2022-IND Mortgage Trust                                                 | SMR Mortgage Trust                                                            | CUSIP: 78458MAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7325417 | PA      | $7344387.05   | 0.09%             | 2039-02-15      | Variable      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| TX Trust 2024-HOU                                                           | TX Trust                                                                      | CUSIP: 90216DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4976543.50   | 0.06%             | 2039-06-15      | Variable      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                              | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 448783262 | PA      | $444854259.28 | 5.71%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 91282CAQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13598420 | PA      | $13551159.51  | 0.17%             | 2025-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| EQT Corp                                                                    | EQT Corp                                                                      | CUSIP: 26884LAS8<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2045064.92   | 0.03%             | 2027-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC                                                                 | Corp Nacional del Cobre de Chile                                              | CUSIP: 21987BBF4<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |   4700000 | PA      | $4570484.45   | 0.06%             | 2033-02-02      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Helios Issuer, LLC                                                          | Sunnova Helios VIII Issuer LLC                                                | CUSIP: 86745AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3906510 | PA      | $3263593.45   | 0.04%             | 2049-02-22      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| Select Medical Corp                                                         | Select Medical Corporation, Term Loan B                                       | CUSIP: BL4807634<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |    529411 | PA      | $531730.14    | 0.01%             | 2031-12-03      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                                       | Sociedad Quimica y Minera de Chile S.A.                                       | CUSIP: 833636AN3<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |   1275000 | PA      | $1353613.95   | 0.02%             | 2033-11-07      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Ford Otomotiv Sanayi AS                                                     | Ford Otomotiv Sanayi AS.                                                      | CUSIP: 345409AC0<br>LEI: 7890006XJG6ZE2H34671 | Long             | DBT              | CORP              | TR        |   2000000 | PA      | $2001500.00   | 0.03%             | 2029-04-25      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust 2024-1                             | GM Financial Revolving Receivables Trust                                      | CUSIP: 36269KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $11243193.50  | 0.14%             | 2036-12-11      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 187407864 | PA      | $189797042.52 | 2.44%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CBOT 2 Year US Treasury Note Future                                         | US 2YR NOTE (CBT) Sep25                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1024 | NC      | $213016000.51 | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 912810FS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  71634076 | PA      | $71758118.75  | 0.92%             | 2026-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                    | AT&T, Inc                                                                     | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1673812.02   | 0.02%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 3617QULJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |  20769675 | PA      | $16128512.54  | 0.21%             | 2042-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MF1 2025-FL19 LLC                                                           | MF1 LLC                                                                       | CUSIP: 55287KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5750000 | PA      | $5762569.50   | 0.07%             | 2042-05-18      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC               | JP Morgan Chase Commercial Mortgage Securities Trust                          | CUSIP: 466330AL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2391000 | PA      | $2394534.38   | 0.03%             | 2038-04-15      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                    | Hilcorp Energy I LP                                                           | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1909743.60   | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                                     | Invesco Senior Loan ETF                                                       | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |    475737 | NS      | $9952418.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| ISRAEL ELECTRIC CORP LTD                                                    | Israel Electric Corp Ltd                                                      | CUSIP: BU3987486<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |   1450000 | PA      | $1295937.50   | 0.02%             | 2032-02-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                                               | MTN Commercial Mortgage Trust                                                 | CUSIP: 62475WAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6555000 | PA      | $6554476.91   | 0.08%             | 2039-03-15      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                         | JPMorgan Chase & Co                                                           | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3586814.67   | 0.05%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 3617A0A63<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |   2383322 | PA      | $2283426.26   | 0.03%             | 2036-10-15      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 3617LYQM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGSE             | US        |  23319626 | PA      | $21796935.79  | 0.28%             | 2045-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                                | SK Hynix, Inc                                                                 | CUSIP: 78392BAF4<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |   1715000 | PA      | $1852922.20   | 0.02%             | 2033-01-17      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| TSY INFL IX N/B                                                             | United States Treasury Inflation Indexed Bonds                                | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 291540735 | PA      | $287006305.74 | 3.69%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                              | Ginnie Mae I Pool                                                             | CUSIP: 36181PGX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   1766148 | PA      | $1665805.66   | 0.02%             | 2035-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                    | Mars, Inc                                                                     | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2026399.86   | 0.03%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                                | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012207.58   | 0.01%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                                | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3587953.74   | 0.05%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                                                   | Flutter Financing B.V., Term Loan B                                           | CUSIP: BL4862100<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | IE        |   2413250 | PA      | $2410233.44   | 0.03%             | 2030-11-30      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                    | AerCap Ireland Capital DAC                                                    | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2250000 | PA      | $2143518.57   | 0.03%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** COLLEGE RETIREMENT EQUITIES FUND

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting