# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001145549-23-008137
**Filing Date:** 2023-2
**Character Count:** 92374
**Document Hash:** c52c95e641d030147551d2bc18a94a48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008137.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-008137

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030
- **IRS NUMBER:** 566415270
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05037
- **FILM NUMBER:** 23652367

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7363

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVONDALE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19910529

## Series and Classes Contracts Data

### Osterweis Total Return Fund (Series ID: S000055991)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000176327 | Investor Class | OSTRX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OSTERWEIS TOTAL RETURN FUND** | **OSTERWEIS TOTAL RETURN FUND** | **OSTERWEIS TOTAL RETURN FUND** |
| SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) | SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) | SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) |
| **Principal Amount** | **Principal Amount** | **Value** |
| **Bonds: 74.0%** | **Bonds: 74.0%** |  |
| **Corporate Bonds: 20.0%** | **Corporate Bonds: 20.0%** |  |
| **Aerospace & Defense: 0.7%** | **Aerospace & Defense: 0.7%** |  |
|  | The Boeing Company |  |
| $1013000 | &nbsp;&nbsp;&nbsp; 1.167%, 02/04/2023 | $1009145 |
| **Air Freight & Logistics: 1.5%** | **Air Freight & Logistics: 1.5%** |  |
|  | American Airlines 2019-1 Class B Pass Through Trust |  |
| 762530 | &nbsp;&nbsp;&nbsp; 3.850%, 08/15/2029 | 643086 |
|  | British Airways 2021-1 Class A Pass Through Trust |  |
| 1776158 | &nbsp;&nbsp;&nbsp; 2.900%, 09/15/2036 | 1453905 |
|  |  | 2096991 |
| **Airlines: 1.6%** | **Airlines: 1.6%** |  |
|  | Air Canada 2020-2 Class A Pass Through Trust |  |
| 830190 | &nbsp;&nbsp;&nbsp; 5.250%, 10/01/2030 | 786491 |
|  | British Airways 2020-1 Class A Pass Through Trust |  |
| 537202 | &nbsp;&nbsp;&nbsp; 4.250%, 05/15/2034 | 483035 |
|  | United Airlines 2020-1 Class A Pass Through Trust |  |
| 980075 | &nbsp;&nbsp;&nbsp; 5.875%, 10/15/2027 | 968408 |
|  |  | 2237934 |
| **Automobiles: 0.8%** | **Automobiles: 0.8%** |  |
|  | General Motors Co. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 6.125%, 10/01/2025 | 1019604 |
| **Banks: 3.7%** | **Banks: 3.7%** |  |
|  | Bank of America Corp. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 4.250%, 10/22/2026 | 968687 |
|  | Citigroup, Inc. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 5.586% (SOFR + 1.372%), 05/24/2025 <sup>2</sup> | 997832 |
|  | The PNC Financial Services Group, Inc. |  |
| 1120000 | &nbsp;&nbsp;&nbsp; 8.118% (3 Month LIBOR USD + 3.678%), 02/01/2023 <sup>1,2</sup> | 1121118 |
| 1000000 | &nbsp;&nbsp;&nbsp; 6.000% (5 Year CMT Rate + 3.000%), 05/15/2027 <sup>1,2,10</sup> | 942122 |
|  | Santander UK Group Holdings Plc |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 6.833% (SOFR + 2.749%), 11/21/2026 <sup>2,10</sup> | 1012774 |
|  |  | 5042533 |
| **Biotechnology: 0.8%** | **Biotechnology: 0.8%** |  |
|  | Amgen, Inc. |  |
| 1500000 | &nbsp;&nbsp;&nbsp; 3.150%, 02/21/2040 | 1115176 |
| **Capital Markets: 1.8%** | **Capital Markets: 1.8%** |  |
|  | Morgan Stanley |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 4.350%, 09/08/2026 | 973137 |
| 2000000 | &nbsp;&nbsp;&nbsp; 2.484% (SOFR + 1.360%), 09/16/2036 <sup>2,10</sup> | 1459716 |
|  |  | 2432853 |
| **Chemicals: 0.7%** | **Chemicals: 0.7%** |  |
|  | Celanese US Holdings LLC |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 5.900%, 07/05/2024 | 1000670 |
| **Diversified Financial Services: 0.6%** | **Diversified Financial Services: 0.6%** |  |
|  | Aviation Capital Group LLC |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 1.950%, 01/30/2026 | 872979 |
| **Diversified Telecommunication Services: 0.5%** | **Diversified Telecommunication Services: 0.5%** |  |
|  | AT&T, Inc. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 3.500%, 09/15/2053 | 678867 |
| **Electric Utilities: 1.9%** | **Electric Utilities: 1.9%** |  |
|  | Edison International |  |
| 760000 | &nbsp;&nbsp;&nbsp; 5.000% (5 Year CMT Rate + 3.901%), 12/15/2026 <sup>1,2,10</sup> | 640300 |
|  | PacifiCorp |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 5.350%, 12/01/2053 | 1007323 |
|  | Southern California Edison Co. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 0.975%, 08/01/2024 | 936117 |
|  |  | 2583740 |
| **Electronic Equipment, Instruments & Components: 0.7%** | **Electronic Equipment, Instruments & Components: 0.7%** |  |
|  | TD SYNNEX Corp. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 1.250%, 08/09/2024 | 929094 |
| **Insurance: 1.5%** | **Insurance: 1.5%** |  |
|  | Metropolitan Life Global Funding I |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 2.800%, 03/21/2025 | 960276 |
|  | New York Life Insurance Co. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 5.875%, 05/15/2033 | 1038914 |
|  | SBL Holdings, Inc. |  |
| 25000 | &nbsp;&nbsp;&nbsp; 6.500% (5 Year CMT Rate + 5.620%), 11/13/2026 <sup>1,2,10</sup> | 19375 |
|  |  | 2018565 |
| **Media: 1.0%** | **Media: 1.0%** |  |
|  | Comcast Corp. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 2.887%, 11/01/2051 | 1301110 |
| **Oil, Gas & Consumable Fuels: 0.6%** | **Oil, Gas & Consumable Fuels: 0.6%** |  |
|  | Energy Transfer L.P. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 6.500% (5 Year CMT Rate + 5.694%), 11/15/2026 <sup>1,2,10</sup> | 866652 |
| **Software: 0.5%** | **Software: 0.5%** |  |
|  | Oracle Corp. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 3.650%, 03/25/2041 | 745390 |
| **Tobacco: 0.8%** | **Tobacco: 0.8%** |  |
|  | Philip Morris International, Inc. |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 5.750%, 11/17/2032 | 1025708 |
| **Trading Companies & Distributors: 0.3%** | **Trading Companies & Distributors: 0.3%** |  |
|  | Air Lease Corp. |  |
| 520000 | &nbsp;&nbsp;&nbsp; 4.125% (5 Year CMT Rate + 3.149%), 12/15/2026 <sup>1,2,10</sup> | 357500 |
| **Total Corporate Bonds** | **Total Corporate Bonds** |  |
| &nbsp;&nbsp;&nbsp; (Cost $28,994,258) | &nbsp;&nbsp;&nbsp; (Cost $28,994,258) | 27334511 |
| **Asset Backed Securities: 15.4%** | **Asset Backed Securities: 15.4%** |  |
|  | Aaset 2021-2 Trust 2021-2 |  |
| 939792 | &nbsp;&nbsp;&nbsp; 2.798%, 01/15/2047 <sup>2</sup> | 759899 |
|  | American Credit Acceptance Receivables Trust 2021-1 |  |
| 1500000 | &nbsp;&nbsp;&nbsp; 1.140%, 03/15/2027 | 1414999 |
|  | American Credit Acceptance Receivables Trust 2021-2 |  |
| 912122 | &nbsp;&nbsp;&nbsp; 0.970%, 07/13/2027 | 895539 |
|  | Carvana Auto Receivables Trust 2021-N1 |  |
| 567929 | &nbsp;&nbsp;&nbsp; 1.300%, 01/10/2028 | 523379 |
|  | Carvana Auto Receivables Trust 2021-N2 |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 1.270%, 03/10/2028 | 946206 |
|  | CLI Funding VIII LLC |  |
| 2032202 | &nbsp;&nbsp;&nbsp; 1.640%, 02/18/2046 <sup>1</sup> | 1738304 |
|  | CPS Auto Receivables Trust 2019-C |  |
| 71964 | &nbsp;&nbsp;&nbsp; 3.170%, 06/16/2025 | 71746 |
|  | Credit Acceptance Auto Loan Trust 2021-3 |  |
| 750000 | &nbsp;&nbsp;&nbsp; 1.380%, 07/15/2030 | 688742 |
|  | DT Auto Owner Trust 2019-1 |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 4.940%, 02/17/2026 | 996131 |
|  | DT Auto Owner Trust 2021-1 |  |
| 500000 | &nbsp;&nbsp;&nbsp; 0.840%, 10/15/2026 | 480130 |
|  | FCI Funding 2021-1 LLC 2021-1 |  |
| 164318 | &nbsp;&nbsp;&nbsp; 1.130%, 04/15/2033 | 160525 |
|  | Flagship Credit Auto Trust 2018-2 |  |
| 123740 | &nbsp;&nbsp;&nbsp; 4.230%, 09/16/2024 | 123444 |
|  | Flagship Credit Auto Trust 2019-2 |  |
| 73938 | &nbsp;&nbsp;&nbsp; 3.090%, 05/15/2025 | 73579 |
|  | Flagship Credit Auto Trust 2020-4 |  |
| 500000 | &nbsp;&nbsp;&nbsp; 1.280%, 02/16/2027 | 478574 |
|  | Flagship Credit Auto Trust 2021-2 |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 1.270%, 06/15/2027 | 928305 |
|  | HERO Funding Trust 2021-1 |  |
| 595556 | &nbsp;&nbsp;&nbsp; 2.240%, 09/20/2051 | 521538 |
|  | MVW 2021-1W LLC |  |
| 283981 | &nbsp;&nbsp;&nbsp; 1.440%, 01/22/2041 | 257501 |
|  | Navigator Aircraft ABS Ltd. |  |
| 1388393 | &nbsp;&nbsp;&nbsp; 2.771%, 11/15/2046 | 1170750 |
|  | Nyctl 2021-A Trust 2021-A |  |
| 498350 | &nbsp;&nbsp;&nbsp; 2.100%, 11/10/2034 | 476524 |
|  | Progress Residential 2021-SFR1 |  |
| 500000 | &nbsp;&nbsp;&nbsp; 1.555%, 04/17/2038 | 427942 |
|  | Santander Drive Auto Receivables Trust 2019-2 |  |
| 1327017 | &nbsp;&nbsp;&nbsp; 3.220%, 07/15/2025 | 1318798 |
|  | Santander Drive Auto Receivables Trust 2021-2 |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 1.350%, 07/15/2027 | 935711 |
|  | Stonepeak 2021-1 ABS 2021-1 |  |
| 843003 | &nbsp;&nbsp;&nbsp; 2.301%, 02/28/2033 | 751021 |
|  | Thrust Engine Leasing 2021 DAC |  |
| 1893378 | &nbsp;&nbsp;&nbsp; 4.163%, 07/15/2040 | 1397961 |
|  | Triton Container Finance VIII LLC |  |
| 1702500 | &nbsp;&nbsp;&nbsp; 1.860%, 03/20/2046 | 1424940 |
|  | Westlake Automobile Receivables Trust 2019-2 |  |
| 965000 | &nbsp;&nbsp;&nbsp; 4.020%, 04/15/2025 | 961174 |
|  | Westlake Automobile Receivables Trust 2020-1 |  |
| 138012 | &nbsp;&nbsp;&nbsp; 2.520%, 04/15/2025 | 137561 |
|  | Westlake Automobile Receivables Trust 2020-3 |  |
| 87000 | &nbsp;&nbsp;&nbsp; 1.240%, 11/17/2025 | 84832 |
|  | Westlake Automobile Receivables Trust 2021-2 |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 1.230%, 12/15/2026 | 911552 |
|  |  | 21057307 |
| **Total Asset Backed Securities** | **Total Asset Backed Securities** |  |
| &nbsp;&nbsp;&nbsp; (Cost $23,346,348) | &nbsp;&nbsp;&nbsp; (Cost $23,346,348) | 21057307 |
| **Commercial Mortgage-Backed Securities: 1.4%** | **Commercial Mortgage-Backed Securities: 1.4%** |  |
|  | BX Commercial Mortgage Trust 2021-VOLT |  |
|  | Series BX 2021-VOLT C |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 5.418% (1 Month LIBOR USD + 1.100%), 09/15/2036 <sup>2</sup> | 941235 |
|  | Life 2021-BMR Mortgage Trust |  |
|  | Series LIFE 2021-BMR C |  |
| 982970 | &nbsp;&nbsp;&nbsp; 5.418% (1 Month LIBOR USD + 1.100%), 03/15/2038 <sup>2</sup> | 936108 |
|  |  | 1877343 |
| **Total Commercial Mortgage-Backed Securities** | **Total Commercial Mortgage-Backed Securities** |  |
| &nbsp;&nbsp;&nbsp; (Cost $1,982,970) | &nbsp;&nbsp;&nbsp; (Cost $1,982,970) | 1877343 |
| **Mortgage Backed Securities: 15.4%** | **Mortgage Backed Securities: 15.4%** |  |
|  | **Federal Home Loan Mortgage Corporation: 5.1%** |  |
|  | FR SD8258 |  |
| 7019325 | &nbsp;&nbsp;&nbsp; 5.000%, 10/01/2052 | 6933167 |
|  | **Federal Home Loan Mortgage Corporation REMICS: 1.9%** |  |
|  | Series FHR 2512 SI |  |
| 104540 | &nbsp;&nbsp;&nbsp; 3.182% (1 Month LIBOR USD + 7.500%), 04/15/2024 <sup>2,3,8</sup> | 901 |
|  | Series FHR 4048 IK |  |
| 1683093 | &nbsp;&nbsp;&nbsp; 3.000%, 05/15/2027 <sup>3</sup> | 64665 |
|  | Series FHR 4093 DS |  |
| 3501496 | &nbsp;&nbsp;&nbsp; 1.982% (1 Month LIBOR USD + 6.300%), 08/15/2027 <sup>2,3,8</sup> | 111467 |
|  | Series FHR 4216 EI |  |
| 2014453 | &nbsp;&nbsp;&nbsp; 3.000%, 06/15/2028 <sup>3</sup> | 112785 |
|  | Series FHR 4360 BI |  |
| 872648 | &nbsp;&nbsp;&nbsp; 2.500%, 11/15/2028 <sup>3</sup> | 25185 |
|  | Series FHR 4341 MI |  |
| 1052333 | &nbsp;&nbsp;&nbsp; 4.000%, 11/15/2031 <sup>3</sup> | 91650 |
|  | Series FHR 4093 IB |  |
| 1240374 | &nbsp;&nbsp;&nbsp; 4.000%, 08/15/2032 <sup>3</sup> | 116583 |
|  | Series FHR 4114 MI |  |
| 1618255 | &nbsp;&nbsp;&nbsp; 3.500%, 10/15/2032 <sup>3</sup> | 160351 |
|  | Series FHR 4170 IU |  |
| 2570327 | &nbsp;&nbsp;&nbsp; 3.000%, 02/15/2033 <sup>3</sup> | 231525 |
|  | Series FHR 3171 OJ |  |
| 714171 | &nbsp;&nbsp;&nbsp; N/A%, 06/15/2036 <sup>4,5</sup> | 564951 |
|  | Series FHR 3824 LS |  |
| 473590 | &nbsp;&nbsp;&nbsp; 2.782% (1 Month LIBOR USD + 7.100%), 08/15/2036 <sup>2,3,8</sup> | 56664 |
|  | Series FHR 3236 KF |  |
| 58854 | &nbsp;&nbsp;&nbsp; 4.618% (1 Month LIBOR USD + 0.300%), 11/15/2036 <sup>2</sup> | 57600 |
|  | Series FHR 3339 JS |  |
| 27756 | &nbsp;&nbsp;&nbsp; 14.769% (1 Month LIBOR USD + 42.835%), 07/15/2037 <sup>2,8</sup> | 37277 |
|  | Series FHR 3380 FM |  |
| 140745 | &nbsp;&nbsp;&nbsp; 4.908% (1 Month LIBOR USD + 0.590%), 10/15/2037 <sup>2</sup> | 139415 |
|  | Series FHR 3721 FB |  |
| 108938 | &nbsp;&nbsp;&nbsp; 4.818% (1 Month LIBOR USD + 0.500%), 09/15/2040 <sup>2</sup> | 107226 |
|  | Series FHR 4105 LS |  |
| 2055342 | &nbsp;&nbsp;&nbsp; 1.832% (1 Month LIBOR USD + 6.150%), 08/15/2041 <sup>2,3,8</sup> | 82630 |
|  | Series FHR 3933 QS |  |
| 1501211 | &nbsp;&nbsp;&nbsp; 1.732% (1 Month LIBOR USD + 6.050%), 10/15/2041 <sup>2,3,8</sup> | 98083 |
|  | Series FHR 4340 US |  |
| 1028254 | &nbsp;&nbsp;&nbsp; 2.282% (1 Month LIBOR USD + 6.600%), 05/15/2042 <sup>2,3,8</sup> | 138234 |
|  | Series FHR 4076 LF |  |
| 146126 | &nbsp;&nbsp;&nbsp; 4.618% (1 Month LIBOR USD + 0.300%), 07/15/2042 <sup>2</sup> | 142802 |
|  | Series FHR 4495 PI |  |
| 181623 | &nbsp;&nbsp;&nbsp; 4.000%, 09/15/2043 <sup>3</sup> | 16803 |
|  | Series FHR 4313 CS |  |
| 1934711 | &nbsp;&nbsp;&nbsp; 1.732% (1 Month LIBOR USD + 6.050%), 03/15/2044 <sup>2,3,8</sup> | 188327 |
|  | Series FHR 4911 IH |  |
| 681918 | &nbsp;&nbsp;&nbsp; 4.000%, 04/15/2049 <sup>3</sup> | 56667 |
|  |  | 2601791 |
|  | **Federal Home Loan Mortgage Corporation Strips: 0.2%** |  |
|  | Series FHS 288 IO |  |
| 1123281 | &nbsp;&nbsp;&nbsp; 3.000%, 10/15/2027 <sup>3</sup> | 54346 |
|  | Series FHS 272 F2 |  |
| 200048 | &nbsp;&nbsp;&nbsp; 4.868% (1 Month LIBOR USD + 0.550%), 08/15/2042 <sup>2</sup> | 195674 |
|  |  | 250020 |
|  | **Federal National Mortgage Association Interest Strips: 0.3%** |  |
|  | Pool FNS 419 C1 |  |
| 2377916 | &nbsp;&nbsp;&nbsp; 2.500%, 09/25/2028 <sup>3</sup> | 112102 |
|  | Pool FNS 419 C2 |  |
| 2845609 | &nbsp;&nbsp;&nbsp; 3.000%, 05/25/2029 <sup>3</sup> | 147213 |
|  | Pool FNS 421 C4 |  |
| 1119228 | &nbsp;&nbsp;&nbsp; 4.500%, 01/25/2030 <sup>3</sup> | 84030 |
|  | Pool FNS 421 C3 |  |
| 82869 | &nbsp;&nbsp;&nbsp; 4.000%, 07/25/2030 <sup>3</sup> | 6524 |
|  | Pool FNS 387 7 |  |
| 309901 | &nbsp;&nbsp;&nbsp; 5.500%, 04/25/2038 <sup>3</sup> | 92757 |
|  |  | 442626 |
|  | **Federal National Mortgage Association Pool: 1.9%** |  |
|  | FN AL2519 |  |
| 649179 | &nbsp;&nbsp;&nbsp; 4.500%, 07/01/2040 | 644818 |
|  | FN AS5460 |  |
| 613270 | &nbsp;&nbsp;&nbsp; 3.500%, 07/01/2045 | 571597 |
|  | FN AS6520 |  |
| 818788 | &nbsp;&nbsp;&nbsp; 3.500%, 01/01/2046 | 758428 |
|  | FN MA3101 |  |
| 668231 | &nbsp;&nbsp;&nbsp; 4.500%, 08/01/2047 | 657399 |
|  |  | 2632242 |
|  | **Federal National Mortgage Association REMICS: 3.4%** |  |
|  | Series FNR 1996-45 SI |  |
| 62192 | &nbsp;&nbsp;&nbsp; 2.861% (1 Month LIBOR USD + 7.250%), 02/25/2024 <sup>2,3,8</sup> | 643 |
|  | Series FNR 1997-65 SI |  |
| 356455 | &nbsp;&nbsp;&nbsp; 4.096% (1 Month LIBOR USD + 8.000%), 09/17/2027 <sup>2,3,8</sup> | 14635 |
|  | Series FNR 2012-139 DI |  |
| 2636108 | &nbsp;&nbsp;&nbsp; 3.000%, 12/25/2027 <sup>3</sup> | 106226 |
|  | Series FNR 2013-29 BI |  |
| 3294468 | &nbsp;&nbsp;&nbsp; 2.500%, 04/25/2028 <sup>3</sup> | 152977 |
|  | Series FNR 2015-34 AI |  |
| 101250 | &nbsp;&nbsp;&nbsp; 4.500%, 06/25/2030 <sup>2,3</sup> | 353 |
|  | Series FNR 2010-119 PS |  |
| 1974950 | &nbsp;&nbsp;&nbsp; 2.311% (1 Month LIBOR USD + 6.700%), 09/25/2030 <sup>2,3,8</sup> | 82890 |
|  | Series FNR 2016-8 CI |  |
| 4902978 | &nbsp;&nbsp;&nbsp; 3.000%, 03/25/2031 <sup>3</sup> | 342637 |
|  | Series FNR 2013-51 PI |  |
| 1800550 | &nbsp;&nbsp;&nbsp; 3.000%, 11/25/2032 <sup>3</sup> | 167381 |
|  | Series FNR 2014-81 TI |  |
| 312141 | &nbsp;&nbsp;&nbsp; 4.500%, 12/25/2034 <sup>3</sup> | 27413 |
|  | Series FNR 2016-24 IB |  |
| 3933863 | &nbsp;&nbsp;&nbsp; 3.500%, 05/25/2036 <sup>3</sup> | 423612 |
|  | Series FNR 2007-2 FT |  |
| 146832 | &nbsp;&nbsp;&nbsp; 4.639% (1 Month LIBOR USD + 0.250%), 02/25/2037 <sup>2</sup> | 143110 |
|  | Series FNR 2016-78 CS |  |
| 2383677 | &nbsp;&nbsp;&nbsp; 1.711% (1 Month LIBOR USD + 6.100%), 05/25/2039 <sup>2,3,8</sup> | 169065 |
|  | Series FNR 2012-82 PS |  |
| 1536386 | &nbsp;&nbsp;&nbsp; 1.711% (1 Month LIBOR USD + 6.100%), 08/25/2041 <sup>2,3,8</sup> | 54163 |
|  | Series FNR 2011-100 S |  |
| 2683335 | &nbsp;&nbsp;&nbsp; 2.061% (1 Month LIBOR USD + 6.450%), 10/25/2041 <sup>2,3,8</sup> | 278580 |
|  | Series FNR 2012-15 SW |  |
| 2953686 | &nbsp;&nbsp;&nbsp; 1.561% (1 Month LIBOR USD + 5.950%), 03/25/2042 <sup>2,3,8</sup> | 287212 |
|  | Series FNR 2012-79 FM |  |
| 112946 | &nbsp;&nbsp;&nbsp; 4.839% (1 Month LIBOR USD + 0.450%), 07/25/2042 <sup>2</sup> | 110046 |
|  | Series FNR 2012-128 ST |  |
| 1035390 | &nbsp;&nbsp;&nbsp; 1.761% (1 Month LIBOR USD + 6.150%), 11/25/2042 <sup>2,3,8</sup> | 162560 |
|  | Series FNR 2013-22 TO |  |
| 331991 | &nbsp;&nbsp;&nbsp; N/A%, 03/25/2043 <sup>4,5</sup> | 210465 |
|  | Series FNR 2013-20 QS |  |
| 4112329 | &nbsp;&nbsp;&nbsp; 1.761% (1 Month LIBOR USD + 6.150%), 03/25/2043 <sup>2,3,8</sup> | 454358 |
|  | Series FNR 2014-37 PI |  |
| 648740 | &nbsp;&nbsp;&nbsp; 5.500%, 06/25/2044 <sup>3</sup> | 76409 |
|  | Series FNR 2014-50 WS |  |
| 440719 | &nbsp;&nbsp;&nbsp; 1.811% (1 Month LIBOR USD + 6.200%), 08/25/2044 <sup>2,3,8</sup> | 28094 |
|  | Series FNR 2016-83 BS |  |
| 342668 | &nbsp;&nbsp;&nbsp; 1.711% (1 Month LIBOR USD + 6.100%), 11/25/2046 <sup>2,3,8</sup> | 32804 |
|  | Series FNR 2018-51 IO |  |
| 450230 | &nbsp;&nbsp;&nbsp; 6.500%, 07/25/2048 <sup>3</sup> | 60996 |
|  | Series FNR 2019-41 SB |  |
| 1113291 | &nbsp;&nbsp;&nbsp; 1.661% (1 Month LIBOR USD + 6.050%), 08/25/2049 <sup>2,3,8</sup> | 119429 |
|  | Series FNR 2020-88 QI |  |
| 10892353 | &nbsp;&nbsp;&nbsp; 2.000%, 05/25/2050 <sup>3</sup> | 1083181 |
|  |  | 4589239 |
|  | **Goldman Sachs Mortgage-Backed Securities Corp Trust: 0.3%** |  |
|  | Series GSMBS 2020-PJ4 A2 |  |
| 494998 | &nbsp;&nbsp;&nbsp; 3.000%, 01/25/2051 | 419333 |
|  | **Government National Mortgage Association: 0.5%** |  |
|  | Series GNR 2014-74 GI |  |
| 109530 | &nbsp;&nbsp;&nbsp; 4.000%, 05/16/2029 <sup>3</sup> | 3226 |
|  | Series GNR 2010-47 BX |  |
| 249514 | &nbsp;&nbsp;&nbsp; 2.224% (1 Month LIBOR USD + 6.550%), 08/16/2034 <sup>2,3,8</sup> | 10247 |
|  | Series GNR 2011-61 WS |  |
| 2879251 | &nbsp;&nbsp;&nbsp; 2.117% (1 Month LIBOR USD + 6.470%), 02/20/2038 <sup>2,3,8</sup> | 115930 |
|  | Series GNR 2010-6 FG |  |
| 105155 | &nbsp;&nbsp;&nbsp; 4.926% (1 Month LIBOR USD + 0.600%), 01/16/2040 <sup>2</sup> | 104607 |
|  | Series GNR 2016-31 CS |  |
| 3380235 | &nbsp;&nbsp;&nbsp; 1.897% (1 Month LIBOR USD + 6.250%), 07/20/2044 <sup>2,3,8</sup> | 359323 |
|  | Series GNR 2016-112 WI |  |
| 4216128 | &nbsp;&nbsp;&nbsp; 0.184%, 03/20/2045 <sup>3</sup> | 80608 |
|  |  | 673941 |
|  | **JP Morgan Mortgage Trust: 0.3%** |  |
|  | Series JPMMT 2014-IVR3 3A1 |  |
| 162782 | &nbsp;&nbsp;&nbsp; 3.063%, 09/25/2044 | 159391 |
|  | Series JPMMT 2020-7 A3 |  |
| 330116 | &nbsp;&nbsp;&nbsp; 3.000%, 01/25/2051 | 273930 |
|  |  | 433321 |
|  | **RCKT Mortgage Trust 2021-6 - 0: 1.1%** |  |
|  | Series RCKT 2021-6 A1 |  |
| 1838799 | &nbsp;&nbsp;&nbsp; 2.500%, 12/25/2051 | 1487512 |
|  | **Wells Fargo Mortgage Backed Securities Trust: 0.4%** |  |
|  | Series WFMBS 2019-4 A17 |  |
| 57074 | &nbsp;&nbsp;&nbsp; 3.500%, 09/25/2049 | 49320 |
|  | Series WFMBS 2020-3 A3 |  |
| 145828 | &nbsp;&nbsp;&nbsp; 3.000%, 06/25/2050 | 139021 |
|  | Series WFMBS 2020-4 A1 |  |
| 448630 | &nbsp;&nbsp;&nbsp; 3.000%, 07/25/2050 | 378354 |
|  |  | 566695 |
| **Total Mortgage Backed Securities** | **Total Mortgage Backed Securities** |  |
| &nbsp;&nbsp;&nbsp; (Cost $25,785,165) | &nbsp;&nbsp;&nbsp; (Cost $25,785,165) | 21029887 |
| **United States Government Securities: 21.8%** | **United States Government Securities: 21.8%** |  |
|  | United States Treasury Notes/Bonds |  |
| 5000000 | &nbsp;&nbsp;&nbsp; 2.750%, 04/30/2023 | 4972150 |
| 2000000 | &nbsp;&nbsp;&nbsp; 1.375%, 09/30/2023 | 1951329 |
| 5000000 | &nbsp;&nbsp;&nbsp; 0.375%, 10/31/2023 | 4821875 |
| 3000000 | &nbsp;&nbsp;&nbsp; 2.375%, 03/31/2029 | 2734512 |
| 4000000 | &nbsp;&nbsp;&nbsp; 3.250%, 06/30/2029 | 3837500 |
| 4000000 | &nbsp;&nbsp;&nbsp; 2.250%, 05/15/2041 | 3030625 |
| 2500000 | &nbsp;&nbsp;&nbsp; 2.000%, 11/15/2041 | 1799365 |
| 4000000 | &nbsp;&nbsp;&nbsp; 3.000%, 11/15/2044 | 3329531 |
| 4000000 | &nbsp;&nbsp;&nbsp; 3.000%, 02/15/2047 | 3304688 |
|  |  | 29781575 |
| **Total United States Government Securities** | **Total United States Government Securities** |  |
| &nbsp;&nbsp;&nbsp; (Cost $30,459,984) | &nbsp;&nbsp;&nbsp; (Cost $30,459,984) | 29781575 |
| **Total Bonds** | **Total Bonds** |  |
| &nbsp;&nbsp;&nbsp; (Cost $110,568,725) | &nbsp;&nbsp;&nbsp; (Cost $110,568,725) | 101080623 |
| **Short-Term Investments: 32.2%** | **Short-Term Investments: 32.2%** |  |
| **Commercial Paper: 17.6%** | **Commercial Paper: 17.6%** |  |
| **Automobiles: 1.5%** | **Automobiles: 1.5%** |  |
|  | Harley-Davidson FDG Corp. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 5.176%, 01/04/2023 <sup>7</sup> | 1998709 |
| **Beverages: 1.5%** | **Beverages: 1.5%** |  |
|  | Bacardi-Martini BV |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 5.424%, 01/11/2023 <sup>7</sup> | 1996936 |
| **Diversified Financial Services: 1.4%** | **Diversified Financial Services: 1.4%** |  |
|  | VW Credit, Inc. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 4.950%, 01/23/2023 <sup>7</sup> | 1993776 |
| **Electric Utilities: 1.5%** | **Electric Utilities: 1.5%** |  |
|  | Constellation Energy Generation LLC |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 4.860%, 01/06/2023 <sup>7</sup> | 1998038 |
| **Electronic Equipment, Instruments & Components: 1.5%** | **Electronic Equipment, Instruments & Components: 1.5%** |  |
|  | Jabil, Inc. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 5.616%, 01/03/2023 <sup>7</sup> | 1998880 |
| **Food & Staples Retailing: 2.9%** | **Food & Staples Retailing: 2.9%** |  |
|  | Walgreens Boots Alliance, Inc. |  |
| 4000000 | &nbsp;&nbsp;&nbsp; 5.094%, 01/23/2023 <sup>7</sup> | 3987365 |
| **Health Care Providers & Services: 1.5%** | **Health Care Providers & Services: 1.5%** |  |
|  | McKesson Corp. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 5.196%, 01/06/2023 <sup>7</sup> | 1998225 |
| **Multiline Retail: 1.5%** | **Multiline Retail: 1.5%** |  |
|  | Dollarama, Inc. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 5.169%, 01/17/2023 <sup>7</sup> | 1995368 |
| **Oil, Gas & Consumable Fuels: 1.4%** | **Oil, Gas & Consumable Fuels: 1.4%** |  |
|  | Enbridge, Inc. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 4.991%, 01/17/2023 <sup>7</sup> | 1995216 |
| **Textiles, Apparel & Luxury Goods: 1.4%** | **Textiles, Apparel & Luxury Goods: 1.4%** |  |
|  | VF Corp. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 4.777%, 01/18/2023 <sup>7</sup> | 1995324 |
| **Wireless Telecommunication Services: 1.5%** | **Wireless Telecommunication Services: 1.5%** |  |
|  | Rogers Communications, Inc. |  |
| 2000000 | &nbsp;&nbsp;&nbsp; 4.985%, 01/05/2023 <sup>7</sup> | 1998481 |
| **Total Commercial Paper** | **Total Commercial Paper** |  |
| &nbsp;&nbsp;&nbsp; (Cost $23,961,086) | &nbsp;&nbsp;&nbsp; (Cost $23,961,086) | 23956318 |
| **United States Treasury Bills: 5.4%** | **United States Treasury Bills: 5.4%** |  |
|  | United States Treasury Bills |  |
| 1500000 | &nbsp;&nbsp;&nbsp; 2.884%, 01/12/2023 <sup>7</sup> | 1498700 |
| 5000000 | &nbsp;&nbsp;&nbsp; 4.456%, 06/29/2023 <sup>7</sup> | 4889435 |
| 1000000 | &nbsp;&nbsp;&nbsp; 0.000%, 10/05/2023 <sup>7,9</sup> | 966251 |
| **Total United States Treasury Bills** | **Total United States Treasury Bills** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $7,353,176)** | &nbsp;&nbsp;&nbsp; **(Cost $7,353,176)** | 7354386 |
| **Shares** | **Shares** |  |
| **Money Market Funds: 9.2%** | **Money Market Funds: 9.2%** |  |
| 12493886 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional Liquidity Funds - Government Portfolio, 4.110%<sup>6</sup> | 12493886 |
| **Total Money Market Funds** | **Total Money Market Funds** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $12,493,886)** | &nbsp;&nbsp;&nbsp; **(Cost $12,493,886)** | 12493886 |
| **Total Short-Term Investments** | **Total Short-Term Investments** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $43,808,148)** | &nbsp;&nbsp;&nbsp; **(Cost $43,808,148)** | 43804590 |
| **Total Investments in Securities: 106.2%** | **Total Investments in Securities: 106.2%** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $154,376,873)** | &nbsp;&nbsp;&nbsp; **(Cost $154,376,873)** | 144885213 |
| Liabilities in Excess of Other Assets: (6.2)% | Liabilities in Excess of Other Assets: (6.2)% | (8471473) |
| **Total Net Assets: 100.0%** | **Total Net Assets: 100.0%** | $136413740 |

---

---

| | |
|:---|:---|
| CMT- | Constant Maturity Treasury Rate |
| LIBOR- | London Interbank Offered Rate |
| SOFR- | Secured Overnight Financing Rate |
| USD- | United States Dollar |
| <sup>1</sup>  | Perpetual call date security. Date shown is next call date. |
| <sup>2</sup>  | Variable rate security; rate shown is the rate in effect on December 31, 2022. |
| <sup>3</sup>  | Interest only security. |
| <sup>4</sup>  | Zero coupon security. |
| <sup>5</sup>  | Principal only security. |
| <sup>6</sup>  | Annualized seven-day effective yield as of December 31, 2022. |
| <sup>7</sup>  | Rate represents the yield to maturity from purchase price. |
| <sup>8</sup>  | Inverse floading rate security. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a ceiling or floor. |
| <sup>9</sup>  | The security or a portion of the security has been deposited as initial margin on open futures contracts and another portion is designated as collateral for futures contracts. As of December 31, 2022, <br> the value of securities designated as collateral was $950,000, or 0.7% of net assets. |
| <sup>10</sup>  | Fixed-to-variable or fixed-to float bond; rate shown is the rate in effect on December 31, 2022. |
| <sup>11</sup>  | Step-up bond. The interest rate will step up if the issuer does not redeem the bond by an expected redemption date. The interest rate shown is the rate in effect as of December 31, 2022. |

---

------

---

| |
|:---|
| **Summary of Fair Value Disclosure at December 31, 2022 (Unaudited)** |
| The Osterweis Total Return Fund, (the "Fund") utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.<br> • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments as of December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Assets: | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Corporate Bonds<sup>1</sup> | $– | $27334511 | $– | $27334511 |
| Asset Backed Securities | – | 21057307 | – | 21057307 |
| Commercial Mortgage-Backed Securities | – | 1877343 | – | 1877343 |
| Mortgage Backed Securities | – | 21029887 | – | 21029887 |
| United States Government Notes/Bonds | – | 29781575 | – | 29781575 |
| Short-Term Investments | 12493886 | 31310704 | – | 43804590 |
| Total Assets: | $12493886 | $132391327 | $– | $144885213 |
| Other Financial Instruments <sup>2</sup>: |  |  |  |  |
| Interest Rate Contracts - Futures | 117968 | – | – | 117968 |
| Total Other Financial Instruments | $117968 | $– | $– | $117968 |
| <sup>1</sup> See Schedule of Investments for industry breakouts. |  |  |  |  |
| <sup>2</sup> Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are | <sup>2</sup> Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are | <sup>2</sup> Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are | <sup>2</sup> Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are | <sup>2</sup> Other Financial Instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are |
| presented at the unrealized appreciation/(depreciation) on the investment. | presented at the unrealized appreciation/(depreciation) on the investment. |  |  |  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **OSTERWEIS TOTAL RETURN FUND** | **OSTERWEIS TOTAL RETURN FUND** | **OSTERWEIS TOTAL RETURN FUND** | **OSTERWEIS TOTAL RETURN FUND** | **OSTERWEIS TOTAL RETURN FUND** |
| SCHEDULE OF FUTURES CONTRACTS at DECEMBER 31, 2022 (Unaudited) | SCHEDULE OF FUTURES CONTRACTS at DECEMBER 31, 2022 (Unaudited) | SCHEDULE OF FUTURES CONTRACTS at DECEMBER 31, 2022 (Unaudited) | SCHEDULE OF FUTURES CONTRACTS at DECEMBER 31, 2022 (Unaudited) | SCHEDULE OF FUTURES CONTRACTS at DECEMBER 31, 2022 (Unaudited) |
| The Fund had the following futures contracts outstanding with ADM: | The Fund had the following futures contracts outstanding with ADM: | The Fund had the following futures contracts outstanding with ADM: |  |  |
|  |  |  | Unrealized |  |
|  | Number of | Notional | Appreciation | Notional |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short Futures Contracts Outstanding | Contracts | Amount | (Depreciation) | Value |
| US 2 Year Note CBT (3/2023) | (100) | $(20625781) | $117968 | $(20507813 |
|  |  | $(20625781) | $117968 | $(20507813 |
| CBT - Chicago Board of Trades |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Professionally Managed Portfolios

- **b. Investment Company Act file number:** 811-05037

- **c. CIK number of Registrant:** 0000811030

- **d. LEI of Registrant:** 254900BPISCYGRJD2727

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1523

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

- **a. Name of Series:** Osterweis Total Return Fund

- **b. EDGAR series identifier (if any):** S000055991

- **c. LEI of Series:** 254900ULC7XXPRWAXF15

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

- **a. Date of fiscal year-end:** 2023-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $136514715.76

**Total Liabilities:** $348645.45

**Net Assets:** $136166070.31

**Cash Not Reported:** $4621.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1141.230000000000 | **1-Year:** 2331.920000000000 | **5-Year:** 5856.710000000000 | **10-Year:** 16882.840000000000 | **30-Year:** 20396.880000000000

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

- **3-Month:** -3891.530000000000 | **1-Year:** 71.380000000000 | **5-Year:** 764.840000000000 | **10-Year:** 4.330000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176327 | -0.12%               | 1.38%                | -0.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-849442.87              | $3504.13                                   |
| Month 2  | $17420.00                | $1321896.97                                |
| Month 3  | $168039.28               | $-786369.58                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Agg Total Return Value Unhedged USD

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T INC                       | AT&T Inc                                            | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $678866.54    | 0.50%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust             | Aaset 2021-2 Trust                                  | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    939792 | PA      | $759898.68    | 0.56%             | 2047-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-2A PTT         | Air Canada 2020-2 Class A Pass Through Trust        | CUSIP: 00909DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    830190 | PA      | $786491.32    | 0.58%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                      | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    520000 | PA      | $357500.00    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1B PTT         | American Airlines 2019-1 Class B Pass Through Trust | CUSIP: 02379DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    762530 | PA      | $643085.74    | 0.47%             | 2028-02-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2021-1 | CUSIP: 02528BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1414999.20   | 1.04%             | 2027-03-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2021-2 | CUSIP: 025291AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    912122 | PA      | $895538.40    | 0.66%             | 2027-07-13      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                  | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   1000000 | PA      | $866651.71    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136ADLH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3294468 | PA      | $152976.96    | 0.11%             | 2028-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AECG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1800550 | PA      | $167381.31    | 0.12%             | 2032-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AKHA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    648740 | PA      | $76408.65     | 0.06%             | 2044-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AKXM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    440719 | PA      | $28093.78     | 0.02%             | 2044-08-25      | Floating      | 1.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136ALZP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    312141 | PA      | $27413.16     | 0.02%             | 2034-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AN2Z9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101250 | PA      | $353.60       | 0.00%             | 2030-06-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136ARRT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4902978 | PA      | $342637.25    | 0.25%             | 2031-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136ASET9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3933863 | PA      | $423611.72    | 0.31%             | 2036-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AUDM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    342668 | PA      | $32804.11     | 0.02%             | 2046-11-25      | Floating      | 1.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AUEP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2383677 | PA      | $169064.93    | 0.12%             | 2039-05-25      | Floating      | 1.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136B2KT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    450230 | PA      | $60995.62     | 0.04%             | 2048-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136B5SN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1113291 | PA      | $119428.96    | 0.09%             | 2049-08-25      | Floating      | 1.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136BDBK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10892353 | PA      | $1083181.30   | 0.80%             | 2050-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                | Fannie Mae Interest Strip                           | CUSIP: 3136FEZ39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    309901 | PA      | $92756.88     | 0.07%             | 2038-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137A7SW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    473590 | PA      | $56663.64     | 0.04%             | 2036-08-15      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137AFU83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1501211 | PA      | $98082.40     | 0.07%             | 2041-10-15      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137AQUW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1683093 | PA      | $64664.61     | 0.05%             | 2027-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137ASEM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    146126 | PA      | $142802.02    | 0.10%             | 2042-07-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137ASST2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3501496 | PA      | $111466.64    | 0.08%             | 2027-08-15      | Floating      | 1.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137AST38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1240374 | PA      | $116583.09    | 0.09%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137AUDU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2055342 | PA      | $82629.67     | 0.06%             | 2041-08-15      | Floating      | 1.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137AURX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1618255 | PA      | $160351.32    | 0.12%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137AYWR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2570327 | PA      | $231525.25    | 0.17%             | 2033-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137B2TJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2014453 | PA      | $112785.20    | 0.08%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137B8RW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1934711 | PA      | $188327.27    | 0.14%             | 2044-03-15      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137BAMK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1052333 | PA      | $91650.29     | 0.07%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137BAWF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1028254 | PA      | $138234.38    | 0.10%             | 2042-05-15      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137BCGH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    872648 | PA      | $25185.33     | 0.02%             | 2028-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr | Credit Acceptance Auto Loan Trust 2021-3            | CUSIP: 22535GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $688742.03    | 0.51%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2019-1                          | CUSIP: 23343GAJ1<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996130.90    | 0.73%             | 2026-02-17      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2021-1                          | CUSIP: 23344GAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $480130.15    | 0.35%             | 2026-10-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| DOLLARAMA INC                  | DOLLARAMA INC                                       | CUSIP: 25675MNH1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1995368.00   | 1.47%             | 2023-01-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |    760000 | PA      | $640300.00    | 0.47%             | 2026-12-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE U S INC DISC COML PAP | ENBRIDGE U S INC DISC COML PAP                      | CUSIP: 29251VNH5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1995216.00   | 1.47%             | 2023-01-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FCI Funding, LLC               | FCI Funding 2021-1 LLC                              | CUSIP: 30260GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    164318 | PA      | $160525.17    | 0.12%             | 2033-04-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip               | Freddie Mac Strips                                  | CUSIP: 31283BCB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1123281 | PA      | $54345.76     | 0.04%             | 2027-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip               | Freddie Mac Strips                                  | CUSIP: 3128HXYS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    200048 | PA      | $195674.57    | 0.14%             | 2042-08-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                    | CUSIP: 3132DWE74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7019325 | PA      | $6933166.93   | 5.09%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 31359KZP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62192 | PA      | $643.42       | 0.00%             | 2024-02-25      | Floating      | 2.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 31359QF66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    356455 | PA      | $14634.76     | 0.01%             | 2027-09-17      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136A1UT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2683335 | PA      | $278580.11    | 0.20%             | 2041-10-25      | Floating      | 2.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136A4KR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2953686 | PA      | $287211.67    | 0.21%             | 2042-03-25      | Floating      | 1.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136A7LX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    112946 | PA      | $110046.51    | 0.08%             | 2042-07-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136A7NC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1536386 | PA      | $54162.67     | 0.04%             | 2041-08-25      | Floating      | 1.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136A9QG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1035390 | PA      | $162560.14    | 0.12%             | 2042-11-25      | Floating      | 1.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136AAKZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2636108 | PA      | $106225.65    | 0.08%             | 2027-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136ACVN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4112329 | PA      | $454358.10    | 0.33%             | 2043-03-25      | Floating      | 1.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 3136ACY70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    331991 | PA      | $210464.90    | 0.15%             | 2043-03-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137FNP53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    681918 | PA      | $56667.22     | 0.04%             | 2049-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137GAD20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    108938 | PA      | $107226.02    | 0.08%             | 2040-09-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                     | CUSIP: 3138EJYR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    649179 | PA      | $644817.72    | 0.47%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                     | CUSIP: 3138WFB62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    613270 | PA      | $571597.30    | 0.42%             | 2045-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                     | CUSIP: 3138WGG65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    818788 | PA      | $758427.93    | 0.56%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 31392WCE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    104540 | PA      | $900.56       | 0.00%             | 2024-04-15      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                | Fannie Mae Interest Strip                           | CUSIP: 31395Q5N6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2377916 | PA      | $112102.25    | 0.08%             | 2028-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                | Fannie Mae Interest Strip                           | CUSIP: 31395Q5P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2845609 | PA      | $147212.50    | 0.11%             | 2029-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 31396PJX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146832 | PA      | $143110.19    | 0.11%             | 2037-02-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 31396TUR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    714171 | PA      | $564951.27    | 0.41%             | 2036-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 31397CB99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     58854 | PA      | $57599.96     | 0.04%             | 2036-11-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 31397JZ64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27756 | PA      | $37276.82     | 0.03%             | 2037-07-15      | Floating      | 14.77%                | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 31397KTJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    140745 | PA      | $139415.07    | 0.10%             | 2037-10-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                | Fannie Mae Interest Strip                           | CUSIP: 31397VGA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82869 | PA      | $6523.52      | 0.00%             | 2030-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                | Fannie Mae Interest Strip                           | CUSIP: 31397VGB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1119228 | PA      | $84030.37     | 0.06%             | 2030-01-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                                   | CUSIP: 31398NZK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1974950 | PA      | $82890.02     | 0.06%             | 2030-09-25      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                     | CUSIP: 31418CNT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    668231 | PA      | $657398.70    | 0.48%             | 2047-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2018-2                   | CUSIP: 33844NAG5<br>LEI: 549300A2KXZJ0K08VV65 | Long             | ABS-O            | CORP              | US        |    123740 | PA      | $123443.79    | 0.09%             | 2024-09-16      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2021-2                   | CUSIP: 33844WAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $928305.10    | 0.68%             | 2027-06-15      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2019-2                   | CUSIP: 33845WAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73938 | PA      | $73578.73     | 0.05%             | 2025-05-15      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2020-4                   | CUSIP: 33845XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $478574.10    | 0.35%             | 2027-02-16      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp Trust 2020-PJ4   | CUSIP: 36259VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    494998 | PA      | $419333.03    | 0.31%             | 2051-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO              | General Motors Co                                   | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019604.31   | 0.75%             | 2025-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association            | CUSIP: 38376TSC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    105155 | PA      | $104607.06    | 0.08%             | 2040-01-16      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association            | CUSIP: 38376YU41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    249514 | PA      | $10247.23     | 0.01%             | 2034-08-16      | Floating      | 2.22%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association            | CUSIP: 38377VQW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2879251 | PA      | $115929.59    | 0.09%             | 2038-02-20      | Floating      | 2.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association            | CUSIP: 38379BXT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109530 | PA      | $3226.25      | 0.00%             | 2029-05-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association            | CUSIP: 38379VVS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3380235 | PA      | $359322.73    | 0.26%             | 2044-07-20      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association            | CUSIP: 38379YUX4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4216128 | PA      | $80607.72     | 0.06%             | 2045-03-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FDG CORP       | HARLEY-DAVIDSON FDG CORP                            | CUSIP: 41282KN46<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998708.88   | 1.47%             | 2023-01-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust             | HERO Funding Trust 2021-1                           | CUSIP: 42770AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    595556 | PA      | $521537.97    | 0.38%             | 2051-09-20      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-7                     | CUSIP: 46591XAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330116 | PA      | $273930.25    | 0.20%             | 2051-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2014-IVR3                  | CUSIP: 46643BAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162782 | PA      | $159391.04    | 0.12%             | 2044-09-25      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| JABIL INC DISC COML PAPER      | JABIL INC DISC COML PAPER                           | CUSIP: 46652MN35<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998880.22   | 1.47%             | 2023-01-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust  | Life 2021-BMR Mortgage Trust                        | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    982970 | PA      | $936108.23    | 0.69%             | 2038-03-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2021-1W LLC                                     | CUSIP: 55389TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283981 | PA      | $257501.26    | 0.19%             | 2041-01-22      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                  | MCKESSON CORP                                       | CUSIP: 58155LN67<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998224.72   | 1.47%             | 2023-01-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I        | Metropolitan Life Global Funding I                  | CUSIP: 59217GEW5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960276.01    | 0.71%             | 2025-03-21      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                      | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973136.71    | 0.71%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                          | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  12493886 | NS      | $12493885.93  | 9.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                      | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1459715.80   | 1.07%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| New York City Tax Lien         | Nyctl 2021-A Trust                                  | CUSIP: 62955UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    498350 | PA      | $476524.30    | 0.35%             | 2034-11-10      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC     | Navigator Aircraft ABS Ltd                          | CUSIP: 63943BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1388393 | PA      | $1170750.01   | 0.86%             | 2046-11-15      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE        | New York Life Insurance Co                          | CUSIP: 64952GAE8<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038914.07   | 0.76%             | 2033-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                         | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $745390.11    | 0.55%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                  | CUSIP: 3137BKQV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181623 | PA      | $16803.23     | 0.01%             | 2043-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                | CUSIP: 693475AK1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   1120000 | PA      | $1121118.17   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   1000000 | PA      | $942122.20    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                          | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007323.64   | 0.74%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                     | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025707.98   | 0.75%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust     | Progress Residential 2021-SFR1                      | CUSIP: 74331FAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $427942.30    | 0.31%             | 2038-04-17      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2021-6                          | CUSIP: 74939KAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1838799 | PA      | $1487511.94   | 1.09%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC      | ROGERS COMMUNICATIONS INC                           | CUSIP: 77511MN56<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998481.34   | 1.47%             | 2023-01-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC               | SBL Holdings Inc                                    | CUSIP: 78397DAC2<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     25000 | PA      | $19375.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Stonepeak                      | Stonepeak 2021-1 ABS                                | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    843003 | PA      | $751020.49    | 0.55%             | 2033-02-28      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                     | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1012773.83   | 0.74%             | 2026-11-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2019-2       | CUSIP: 80286GAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1327017 | PA      | $1318797.93   | 0.97%             | 2025-07-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2021-2       | CUSIP: 80286XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $935711.00    | 0.69%             | 2027-07-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                       | CUSIP: 842400HK2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936116.69    | 0.69%             | 2024-08-01      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                 | TD SYNNEX Corp                                      | CUSIP: 87162WAD2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $929093.79    | 0.68%             | 2024-08-09      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Thrust Engine Leasing          | Thrust Engine Leasing 2021 DAC                      | CUSIP: 88603UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1893378 | PA      | $1397960.87   | 1.03%             | 2040-07-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC   | Triton Container Finance VIII LLC                   | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1702500 | PA      | $1424939.55   | 1.05%             | 2046-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT        | United Airlines 2020-1 Class A Pass Through Trust   | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    980075 | PA      | $968407.72    | 0.71%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1498699.68   | 1.10%             | 2023-01-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912796YJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $966251.39    | 0.71%             | 2023-10-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3329531.24   | 2.45%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3304687.52   | 2.43%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3030625.00   | 2.23%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $1799365.23   | 1.32%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 9128284L1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4972149.90   | 3.65%             | 2023-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 912828T26<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1951329.00   | 1.43%             | 2023-09-30      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2734511.73   | 2.01%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                    | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3837500.00   | 2.82%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| V F CORP                       | V F CORP                                            | CUSIP: 91820NNJ1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1995323.88   | 1.47%             | 2023-01-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                  | VW CREDIT INC                                       | CUSIP: 91842KNP7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1993776.00   | 1.46%             | 2023-01-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE INC   | WALGREENS BOOTS ALLIANCE INC                        | CUSIP: 93142XNP2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3987365.32   | 2.93%             | 2023-01-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2019-4 Trust | CUSIP: 95002FAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57074 | PA      | $49319.52     | 0.04%             | 2049-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-3 Trust | CUSIP: 95002TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145828 | PA      | $139021.50    | 0.10%             | 2050-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-4 Trust | CUSIP: 95002VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448630 | PA      | $378353.95    | 0.28%             | 2050-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2019-2        | CUSIP: 96041LAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    965000 | PA      | $961174.35    | 0.71%             | 2025-04-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2020-1        | CUSIP: 96042KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138012 | PA      | $137560.76    | 0.10%             | 2025-04-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2020-3        | CUSIP: 96042QAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87000 | PA      | $84831.56     | 0.06%             | 2025-11-17      | Fixed         | 1.24%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2021-2        | CUSIP: 96042RAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $911552.40    | 0.67%             | 2026-12-15      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Mar23                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -100 | NC      | $117506.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                           | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1115176.04   | 0.82%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                          | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $872979.06    | 0.64%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2021-VOLT              | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $941235.10    | 0.69%             | 2036-09-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BACARDI MARTINI B V DISC COML  | BACARDI MARTINI B V DISC COML                       | CUSIP: 05634FNB1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1996936.00   | 1.47%             | 2023-01-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968687.04    | 0.71%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                       | CUSIP: 097023DD4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1009145.23   | 0.74%             | 2023-02-04      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 21-1 A PPT         | British Airways 2021-1 Class A Pass Through Trust   | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1776158 | PA      | $1453904.97   | 1.07%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 A PTT         | British Airways 2020-1 Class A Pass Through Trust   | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    537202 | PA      | $483035.37    | 0.35%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                | CLI Funding VIII LLC                                | CUSIP: 12565KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2032202 | PA      | $1738304.08   | 1.28%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2019-C                   | CUSIP: 12596UAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71964 | PA      | $71746.26     | 0.05%             | 2025-06-16      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N2              | CUSIP: 14686KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $946206.40    | 0.69%             | 2028-03-10      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N1              | CUSIP: 14687DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    567929 | PA      | $523379.30    | 0.38%             | 2028-01-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                            | CUSIP: 15089QAR5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000670.16   | 0.73%             | 2024-07-05      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                       | CUSIP: 172967NR8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997831.60    | 0.73%             | 2025-05-24      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                        | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1301109.76   | 0.96%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GEN LLC   | CONSTELLATION ENERGY GEN LLC                        | CUSIP: 21038QN67<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998038.06   | 1.47%             | 2023-01-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-21

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Melissa Breitzman

**Name of Signer:** Melissa Breitzman

**Title:** Assistant Treasurer