# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027735
**Filing Date:** 2025-11
**Character Count:** 291661
**Document Hash:** 8a169bd959ce9e820d5f7cd4c7974a8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027735.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027735

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08090
- **FILM NUMBER:** 251504923

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### LVIP Macquarie Wealth Builder Fund (Series ID: S000025133)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000074974 | Standard Class |  |
| C000074975 | Service Class  |  |

## Nport-Ex

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>| **Value** <br>**(U.S. $)**<br>|
| **COMMON STOCK–52.06%** | **COMMON STOCK–52.06%** | **COMMON STOCK–52.06%** |
| **U.S. MARKETS–50.17%** | **U.S. MARKETS–50.17%** | **U.S. MARKETS–50.17%** |
| **Aerospace & Defense–0.63%** | **Aerospace & Defense–0.63%** | **Aerospace & Defense–0.63%** |
| Lockheed Martin Corp. | 349 | $174224 |
| Northrop Grumman Corp. | 1005 | 612367 |
|  |  | **786591** |
| **Air Freight & Logistics–0.27%** | **Air Freight & Logistics–0.27%** | **Air Freight & Logistics–0.27%** |
| &nbsp;&nbsp; United Parcel Service, Inc. <br> Class B<br>| 4014 | 335289 |
|  |  | **335289** |
| **Banks–3.48%** | **Banks–3.48%** | **Banks–3.48%** |
| Bank of America Corp. | 14328 | 739182 |
| &nbsp;&nbsp; Citizens Financial Group, <br> Inc.<br>| 12570 | 668221 |
| Fifth Third Bancorp | 5740 | 255717 |
| Huntington Bancshares, Inc. | 22182 | 383083 |
| JPMorgan Chase & Co. | 181 | 57093 |
| KeyCorp | 28458 | 531880 |
| &nbsp;&nbsp; PNC Financial Services <br> Group, Inc.<br>| 1445 | 290344 |
| Regions Financial Corp. | 5998 | 158167 |
| Truist Financial Corp. | 14183 | 648447 |
| Wells Fargo & Co. | 7300 | 611886 |
|  |  | **4344020** |
| **Biotechnology–1.17%** | **Biotechnology–1.17%** | **Biotechnology–1.17%** |
| AbbVie, Inc. | 3781 | 875453 |
| Gilead Sciences, Inc. | 5318 | 590298 |
|  |  | **1465751** |
| **Broadline Retail–0.27%** | **Broadline Retail–0.27%** | **Broadline Retail–0.27%** |
| eBay, Inc. | 3664 | 333241 |
|  |  | **333241** |
| **Building Products–0.35%** | **Building Products–0.35%** | **Building Products–0.35%** |
| Masco Corp. | 6172 | 434447 |
|  |  | **434447** |
| **Capital Markets–2.79%** | **Capital Markets–2.79%** | **Capital Markets–2.79%** |
| Ameriprise Financial, Inc. | 863 | 423949 |
| &nbsp;&nbsp; Artisan Partners Asset <br> Management, Inc. Class A<br>| 4147 | 179980 |
| &nbsp;&nbsp; Bank of New York Mellon <br> Corp.<br>| 6251 | 681109 |
| Blackrock, Inc. | 545 | 635399 |
| Blackstone, Inc. | 2952 | 504349 |
| Charles Schwab Corp. | 7100 | 677837 |
| State Street Corp. | 3319 | 385037 |
|  |  | **3487660** |
| **Chemicals–1.11%** | **Chemicals–1.11%** | **Chemicals–1.11%** |
| Dow, Inc. | 7652 | 175460 |
| DuPont de Nemours, Inc. | 8033 | 625771 |
| PPG Industries, Inc. | 5600 | 588616 |
|  |  | **1389847** |
| **Communications Equipment–0.97%** | **Communications Equipment–0.97%** | **Communications Equipment–0.97%** |
| Cisco Systems, Inc. | 17743 | 1213976 |
|  |  | **1213976** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Shares**<br>| **Value**<br> **(U.S. $)**<br>|
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** |
| **Consumer Finance–0.47%** | **Consumer Finance–0.47%** | **Consumer Finance–0.47%** |
| Synchrony Financial | 8291 | $589076 |
|  |  | **589076** |
| **Containers & Packaging–0.15%** | **Containers & Packaging–0.15%** | **Containers & Packaging–0.15%** |
| Amcor PLC | 22404 | 183265 |
|  |  | **183265** |
| **Distributors–0.54%** | **Distributors–0.54%** | **Distributors–0.54%** |
| Genuine Parts Co. | 4849 | 672071 |
|  |  | **672071** |
| **Diversified Telecommunication Services–0.97%** | **Diversified Telecommunication Services–0.97%** | **Diversified Telecommunication Services–0.97%** |
| AT&T, Inc. | 22795 | 643731 |
| &nbsp;&nbsp; Verizon Communications, <br> Inc.<br>| 13034 | 572844 |
|  |  | **1216575** |
| **Electric Utilities–0.78%** | **Electric Utilities–0.78%** | **Electric Utilities–0.78%** |
| Duke Energy Corp. | 4732 | 585585 |
| Edison International | 7058 | 390166 |
|  |  | **975751** |
| **Electronic Equipment, Instruments & Components–0.93%** | **Electronic Equipment, Instruments & Components–0.93%** | **Electronic Equipment, Instruments & Components–0.93%** |
| CDW Corp. | 3295 | 524827 |
| †Teledyne Technologies, Inc. | 1094 | 641128 |
|  |  | **1165955** |
| **Entertainment–0.64%** | **Entertainment–0.64%** | **Entertainment–0.64%** |
| Electronic Arts, Inc. | 3953 | 797320 |
|  |  | **797320** |
| **Financial Services–0.79%** | **Financial Services–0.79%** | **Financial Services–0.79%** |
| Corebridge Financial, Inc. | 14568 | 466904 |
| &nbsp;&nbsp; Fidelity National Information <br> Services, Inc.<br>| 7341 | 484066 |
| Pluxee NV | 2073 | 36775 |
|  |  | **987745** |
| **Food Products–0.81%** | **Food Products–0.81%** | **Food Products–0.81%** |
| Cal-Maine Foods, Inc. | 3798 | 357392 |
| Hershey Co. | 3500 | 654675 |
|  |  | **1012067** |
| **Ground Transportation–0.55%** | **Ground Transportation–0.55%** | **Ground Transportation–0.55%** |
| CSX Corp. | 19316 | 685911 |
|  |  | **685911** |
| **Health Care Equipment & Supplies–0.15%** | **Health Care Equipment & Supplies–0.15%** | **Health Care Equipment & Supplies–0.15%** |
| Coloplast AS Class B | 1011 | 86343 |
| Smith & Nephew PLC | 5617 | 101039 |
|  |  | **187382** |
| **Health Care Providers & Services–1.69%** | **Health Care Providers & Services–1.69%** | **Health Care Providers & Services–1.69%** |
| Cardinal Health, Inc. | 3201 | 502429 |
| Cencora, Inc. | 1760 | 550053 |
| Cigna Group | 1703 | 490890 |
| McKesson Corp. | 731 | 564726 |
|  |  | **2108098** |

---

*LVIP Macquarie Wealth Builder Fund–1*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Shares**<br>| **Value**<br> **(U.S. $)**<br>|
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** |
| **Hotels, Restaurants & Leisure–0.67%** | **Hotels, Restaurants & Leisure–0.67%** | **Hotels, Restaurants & Leisure–0.67%** |
| Amadeus IT Group SA | 1395 | $110552 |
| Booking Holdings, Inc. | 97 | 523729 |
| Starbucks Corp. | 2395 | 202617 |
|  |  | **836898** |
| **Household Durables–0.40%** | **Household Durables–0.40%** | **Household Durables–0.40%** |
| PulteGroup, Inc. | 3818 | 504472 |
|  |  | **504472** |
| **Industrial REITs–0.51%** | **Industrial REITs–0.51%** | **Industrial REITs–0.51%** |
| Prologis, Inc. | 5600 | 641312 |
|  |  | **641312** |
| **Insurance–2.63%** | **Insurance–2.63%** | **Insurance–2.63%** |
| &nbsp;&nbsp; American Financial Group, <br> Inc.<br>| 3507 | 511040 |
| &nbsp;&nbsp; Fidelity National Financial, <br> Inc.<br>| 6588 | 398508 |
| Marsh & McLennan Cos., Inc. | 3020 | 608621 |
| MetLife, Inc. | 6145 | 506164 |
| &nbsp;&nbsp; Principal Financial Group, <br> Inc.<br>| 5506 | 456503 |
| Prudential Financial, Inc. | 1695 | 175839 |
| Travelers Cos., Inc. | 2238 | 624894 |
|  |  | **3281569** |
| **Interactive Media & Services–2.42%** | **Interactive Media & Services–2.42%** | **Interactive Media & Services–2.42%** |
| Alphabet, Inc. Class A | 6073 | 1476346 |
| Alphabet, Inc. Class C | 1949 | 474679 |
| Meta Platforms, Inc. Class A | 1471 | 1080273 |
|  |  | **3031298** |
| **IT Services–0.24%** | **IT Services–0.24%** | **IT Services–0.24%** |
| Accenture PLC Class A | 1219 | 300605 |
|  |  | **300605** |
| **Life Sciences Tools & Services–0.52%** | **Life Sciences Tools & Services–0.52%** | **Life Sciences Tools & Services–0.52%** |
| &nbsp;&nbsp; Thermo Fisher Scientific, <br> Inc.<br>| 1350 | 654777 |
|  |  | **654777** |
| **Machinery–1.09%** | **Machinery–1.09%** | **Machinery–1.09%** |
| Dover Corp. | 3343 | 557713 |
| Otis Worldwide Corp. | 2892 | 264415 |
| REV Group, Inc. | 9571 | 542389 |
|  |  | **1364517** |
| **Media–0.06%** | **Media–0.06%** | **Media–0.06%** |
| &nbsp;&nbsp; Interpublic Group of Cos., <br> Inc.<br>| 2701 | 75385 |
|  |  | **75385** |
| **Oil, Gas & Consumable Fuels–2.00%** | **Oil, Gas & Consumable Fuels–2.00%** | **Oil, Gas & Consumable Fuels–2.00%** |
| Chevron Corp. | 5419 | 841516 |
| EOG Resources, Inc. | 832 | 93284 |
| Expand Energy Corp. | 2003 | 212799 |
| Exxon Mobil Corp. | 11976 | 1350294 |
|  |  | **2497893** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Shares**<br>| **Value**<br> **(U.S. $)**<br>|
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** |
| **Personal Care Products–0.35%** | **Personal Care Products–0.35%** | **Personal Care Products–0.35%** |
| Kenvue, Inc. | 26900 | $436587 |
|  |  | **436587** |
| **Pharmaceuticals–2.44%** | **Pharmaceuticals–2.44%** | **Pharmaceuticals–2.44%** |
| Bristol-Myers Squibb Co. | 9396 | 423760 |
| Johnson & Johnson | 3384 | 627461 |
| Merck & Co., Inc. | 12583 | 1056091 |
| Novo Nordisk AS Class B | 1503 | 81473 |
| Pfizer, Inc. | 19862 | 506084 |
| SIGA Technologies, Inc. | 39366 | 360199 |
|  |  | **3055068** |
| **Professional Services–0.84%** | **Professional Services–0.84%** | **Professional Services–0.84%** |
| Jacobs Solutions, Inc. | 4140 | 620420 |
| Paychex, Inc. | 3379 | 428322 |
|  |  | **1048742** |
| **Residential REITs–0.43%** | **Residential REITs–0.43%** | **Residential REITs–0.43%** |
| Equity Residential | 8341 | 539913 |
|  |  | **539913** |
| **Semiconductors & Semiconductor Equipment–6.95%** | **Semiconductors & Semiconductor Equipment–6.95%** | **Semiconductors & Semiconductor Equipment–6.95%** |
| Analog Devices, Inc. | 2865 | 703930 |
| Applied Materials, Inc. | 1982 | 405795 |
| Broadcom, Inc. | 3935 | 1298196 |
| Lam Research Corp. | 5488 | 734843 |
| Micron Technology, Inc. | 3185 | 532914 |
| &nbsp;&nbsp; Monolithic Power Systems, <br> Inc.<br>| 551 | 507273 |
| NVIDIA Corp. | 21219 | 3959041 |
| QUALCOMM, Inc. | 3307 | 550153 |
|  |  | **8692145** |
| **Software–2.27%** | **Software–2.27%** | **Software–2.27%** |
| Microsoft Corp. | 5473 | 2834740 |
|  |  | **2834740** |
| **Specialty Retail–2.01%** | **Specialty Retail–2.01%** | **Specialty Retail–2.01%** |
| Best Buy Co., Inc. | 5428 | 410465 |
| Buckle, Inc. | 1330 | 78018 |
| Home Depot, Inc. | 679 | 275124 |
| Lowe's Cos., Inc. | 2565 | 644610 |
| Ross Stores, Inc. | 2898 | 441626 |
| TJX Cos., Inc. | 4548 | 657368 |
|  |  | **2507211** |
| **Technology Hardware, Storage & Peripherals–3.81%** | **Technology Hardware, Storage & Peripherals–3.81%** | **Technology Hardware, Storage & Peripherals–3.81%** |
| Apple, Inc. | 9716 | 2473985 |
| &nbsp;&nbsp; Dell Technologies, Inc. <br> Class C<br>| 3476 | 492793 |
| HP, Inc. | 13422 | 365481 |
| NetApp, Inc. | 4290 | 508193 |
| &nbsp;&nbsp; Seagate Technology Holdings <br> PLC<br>| 3924 | 926300 |
|  |  | **4766752** |
| **Textiles, Apparel & Luxury Goods–0.51%** | **Textiles, Apparel & Luxury Goods–0.51%** | **Textiles, Apparel & Luxury Goods–0.51%** |
| NIKE, Inc. Class B | 9175 | 639773 |
|  |  | **639773** |

---

*LVIP Macquarie Wealth Builder Fund–2*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Shares**<br>| **Value**<br> **(U.S. $)**<br>|
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** | **U.S. MARKETS (continued)** |
| **Tobacco–0.51%** | **Tobacco–0.51%** | **Tobacco–0.51%** |
| &nbsp;&nbsp; Philip Morris International, <br> Inc.<br>| 3905 | $633391 |
|  |  | **633391** |
| **Total U.S. Markets** <br>**(Cost $40,481,921)** | **Total U.S. Markets** <br>**(Cost $40,481,921)** | **62715086** |
| **§DEVELOPED MARKETS–1.89%** | **§DEVELOPED MARKETS–1.89%** | **§DEVELOPED MARKETS–1.89%** |
| **Air Freight & Logistics–0.05%** | **Air Freight & Logistics–0.05%** | **Air Freight & Logistics–0.05%** |
| DSV AS | 325 | 64637 |
|  |  | **64637** |
| **Beverages–0.15%** | **Beverages–0.15%** | **Beverages–0.15%** |
| Anheuser-Busch InBev SA | 1403 | 83677 |
| Asahi Group Holdings Ltd. | 1700 | 20410 |
| Diageo PLC | 3351 | 80018 |
|  |  | **184105** |
| **Chemicals–0.06%** | **Chemicals–0.06%** | **Chemicals–0.06%** |
| Air Liquide SA | 377 | 78281 |
|  |  | **78281** |
| **Commercial Services & Supplies–0.09%** | **Commercial Services & Supplies–0.09%** | **Commercial Services & Supplies–0.09%** |
| Securitas AB Class B | 7038 | 105857 |
|  |  | **105857** |
| **Consumer Staples Distribution & Retail–0.08%** | **Consumer Staples Distribution & Retail–0.08%** | **Consumer Staples Distribution & Retail–0.08%** |
| &nbsp;&nbsp; Koninklijke Ahold Delhaize <br> NV<br>| 1848 | 74744 |
| Seven & i Holdings Co. Ltd. | 1700 | 22888 |
|  |  | **97632** |
| **Food Products–0.03%** | **Food Products–0.03%** | **Food Products–0.03%** |
| Nestle SA | 443 | 40663 |
|  |  | **40663** |
| **Hotels, Restaurants & Leisure–0.07%** | **Hotels, Restaurants & Leisure–0.07%** | **Hotels, Restaurants & Leisure–0.07%** |
| Sodexo SA | 1343 | 84435 |
|  |  | **84435** |
| **Machinery–0.18%** | **Machinery–0.18%** | **Machinery–0.18%** |
| Atlas Copco AB Class B | 2502 | 37459 |
| Knorr-Bremse AG | 434 | 40687 |
| Kone OYJ Class B | 1022 | 69593 |
| Makita Corp. | 2300 | 74746 |
|  |  | **222485** |
| **Media–0.03%** | **Media–0.03%** | **Media–0.03%** |
| Publicis Groupe SA | 428 | 41044 |
|  |  | **41044** |
| **Personal Care Products–0.09%** | **Personal Care Products–0.09%** | **Personal Care Products–0.09%** |
| Kao Corp. | 1600 | 69795 |
| Unilever PLC | 806 | 47695 |
|  |  | **117490** |
| **Pharmaceuticals–0.08%** | **Pharmaceuticals–0.08%** | **Pharmaceuticals–0.08%** |
| Roche Holding AG | 286 | 93375 |
|  |  | **93375** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Shares**<br>| **Value**<br> **(U.S. $)**<br>|
| **COMMON STOCK (continued)** | **COMMON STOCK (continued)** | **COMMON STOCK (continued)** |
| **§DEVELOPED MARKETS (continued)** | **§DEVELOPED MARKETS (continued)** | **§DEVELOPED MARKETS (continued)** |
| **Professional Services–0.12%** | **Professional Services–0.12%** | **Professional Services–0.12%** |
| Intertek Group PLC | 1097 | $69666 |
| Wolters Kluwer NV | 607 | 82774 |
|  |  | **152440** |
| **Semiconductors & Semiconductor Equipment–0.08%** | **Semiconductors & Semiconductor Equipment–0.08%** | **Semiconductors & Semiconductor Equipment–0.08%** |
| ASML Holding NV | 103 | 100140 |
|  |  | **100140** |
| **Software–0.09%** | **Software–0.09%** | **Software–0.09%** |
| SAP SE | 421 | 112645 |
|  |  | **112645** |
| **Specialty Retail–0.03%** | **Specialty Retail–0.03%** | **Specialty Retail–0.03%** |
| &nbsp;&nbsp; H & M Hennes & Mauritz AB <br> Class B<br>| 2294 | 42703 |
|  |  | **42703** |
| **Textiles, Apparel & Luxury Goods–0.14%** | **Textiles, Apparel & Luxury Goods–0.14%** | **Textiles, Apparel & Luxury Goods–0.14%** |
| adidas AG | 204 | 42967 |
| Kering SA | 144 | 47769 |
| &nbsp;&nbsp; LVMH Moet Hennessy Louis <br> Vuitton SE<br>| 135 | 82498 |
|  |  | **173234** |
| **Tobacco–0.50%** | **Tobacco–0.50%** | **Tobacco–0.50%** |
| Altria Group, Inc. | 9448 | 624135 |
|  |  | **624135** |
| **Wireless Telecommunication Services–0.02%** | **Wireless Telecommunication Services–0.02%** | **Wireless Telecommunication Services–0.02%** |
| KDDI Corp. | 1800 | 28731 |
|  |  | **28731** |
| **Total Developed Markets** <br>**(Cost $1,765,393)** | **Total Developed Markets** <br>**(Cost $1,765,393)** | **2364032** |
| **Total Common Stock** <br>**(Cost $42,247,314)** | **Total Common Stock** <br>**(Cost $42,247,314)** | **65079118** |
| **PREFERRED STOCK–0.06%** | **PREFERRED STOCK–0.06%** | **PREFERRED STOCK–0.06%** |
| Henkel AG & Co. KGaA 2.97% | 919 | 74124 |
| **Total Preferred Stock** <br>**(Cost $73,044)** | **Total Preferred Stock** <br>**(Cost $73,044)** | **74124** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>|  |
| **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–0.88%** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–0.88%** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–0.88%** |
| •Federal Home Loan Mortgage Corp. STACR REMICS Trust | •Federal Home Loan Mortgage Corp. STACR REMICS Trust | •Federal Home Loan Mortgage Corp. STACR REMICS Trust |
| &nbsp;&nbsp;&nbsp; Series 2023-HQA3 Class A1 <br> 6.21% (30 day USD SOFR <br> Average + 1.85%) 11/25/43<br>| 132975 | 134483 |
| &nbsp;&nbsp;&nbsp; Series 2024-DNA3 Class M2 <br> 5.81% (30 day USD SOFR <br> Average + 1.45%) 10/25/44<br>| 240000 | 240214 |
| &nbsp;&nbsp;&nbsp; Series 2025-DNA2 Class M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 5/25/45<br>| 35000 | 35023 |
| &nbsp;&nbsp;&nbsp; Series 2025-DNA3 Class M2 <br> 5.87% (30 day USD SOFR <br> Average + 1.50%) 9/25/45<br>| 50000 | 50031 |

---

*LVIP Macquarie Wealth Builder Fund–3*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** |
| &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust | &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust | &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust |
| &nbsp;&nbsp;&nbsp; Series 2023-R08 Class 1M1 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 10/25/43<br>| 224100 | $224900 |
| &nbsp;&nbsp;&nbsp; Series 2025-R01 Class 1M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 1/25/45<br>| 30000 | 30044 |
| &nbsp;&nbsp;&nbsp; Series 2025-R02 Class 1M2 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 2/25/45<br>| 180000 | 180388 |
| &nbsp;&nbsp;&nbsp; Series 2025-R03 Class 2M1 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 3/25/45<br>| 40776 | 41010 |
| &nbsp;&nbsp;&nbsp; Series 2025-R04 Class 1M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 5/25/45<br>| 120000 | 119999 |
| &nbsp;&nbsp;&nbsp; Series 2025-R05 Class 2M2 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 7/25/45<br>| 50000 | 50082 |
| &nbsp;&nbsp; Federal National Mortgage <br> Association Grantor Trust <br> Series 2001-T7 Class A1 <br> 7.50% 2/25/41<br>| 12 | 12 |
| **Total Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $1,102,862)** | **Total Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $1,102,862)** | **1106186** |
| **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.33%** | **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.33%** | **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.33%** |
| &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured <br> Pass-Through Certificates |
| &nbsp;&nbsp;&nbsp; ♦Series K144 Class A2 2.45% <br> 4/25/32<br>| 250000 | 225078 |
| &nbsp;&nbsp;&nbsp; ♦•Series K-150 Class A2 3.71% <br> 9/25/32<br>| 100000 | 96354 |
| &nbsp;&nbsp;&nbsp; ♦Series K753 Class A2 4.40% <br> 10/25/30<br>| 60000 | 60844 |
| &nbsp;&nbsp; •FREMF Mortgage Trust Series <br> 2017-K71 Class B 3.88% <br> 11/25/50<br>| 35000 | 34350 |
| **Total Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $410,688)** | **Total Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $410,688)** | **416626** |
| **AGENCY MORTGAGE-BACKED SECURITIES–14.33%** | **AGENCY MORTGAGE-BACKED SECURITIES–14.33%** | **AGENCY MORTGAGE-BACKED SECURITIES–14.33%** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; 2.00% 8/1/42 | 131899 | 113956 |
| &nbsp;&nbsp; 2.50% 6/1/41 | 428063 | 384536 |
| &nbsp;&nbsp; 2.50% 5/1/51 | 115272 | 98751 |
| &nbsp;&nbsp; 2.50% 8/1/51 | 44635 | 37751 |
| &nbsp;&nbsp; 2.50% 10/1/51 | 260393 | 222833 |
| &nbsp;&nbsp; 2.50% 12/1/51 | 93307 | 80148 |
| &nbsp;&nbsp; 2.50% 1/1/52 | 392510 | 335418 |
| &nbsp;&nbsp; 3.00% 3/1/35 | 107322 | 103310 |
| &nbsp;&nbsp; 3.00% 6/1/42 | 166067 | 153636 |
| &nbsp;&nbsp; 3.00% 8/1/48 | 54954 | 49648 |
| &nbsp;&nbsp; 3.00% 11/1/49 | 6081 | 5405 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY MORTGAGE-BACKED SECURITIES (continued)** | **AGENCY MORTGAGE-BACKED SECURITIES (continued)** | **AGENCY MORTGAGE-BACKED SECURITIES (continued)** |
| Federal Home Loan Mortgage Corp. (continued) | Federal Home Loan Mortgage Corp. (continued) | Federal Home Loan Mortgage Corp. (continued) |
| &nbsp;&nbsp; 3.00% 1/1/50 | 24642 | $22142 |
| &nbsp;&nbsp; 3.00% 8/1/51 | 60696 | 54041 |
| &nbsp;&nbsp; 3.50% 11/1/48 | 281068 | 263089 |
| &nbsp;&nbsp; 4.00% 10/1/47 | 64340 | 61652 |
| &nbsp;&nbsp; 4.00% 8/1/52 | 482860 | 457399 |
| &nbsp;&nbsp; 4.00% 9/1/52 | 306578 | 290317 |
| &nbsp;&nbsp; 4.50% 9/1/37 | 190029 | 189866 |
| &nbsp;&nbsp; 4.50% 8/1/48 | 137066 | 135529 |
| &nbsp;&nbsp; 4.50% 1/1/49 | 55826 | 54997 |
| &nbsp;&nbsp; 4.50% 3/1/49 | 18863 | 18594 |
| &nbsp;&nbsp; 4.50% 8/1/49 | 56823 | 56213 |
| &nbsp;&nbsp; 4.50% 9/1/52 | 212033 | 207427 |
| &nbsp;&nbsp; 4.50% 10/1/52 | 354975 | 345909 |
| &nbsp;&nbsp; 4.50% 11/1/52 | 90295 | 87980 |
| &nbsp;&nbsp; 5.00% 11/1/42 | 113772 | 115676 |
| &nbsp;&nbsp; 5.00% 7/1/52 | 260253 | 261823 |
| &nbsp;&nbsp; 5.00% 9/1/52 | 276714 | 277023 |
| &nbsp;&nbsp; 5.00% 11/1/52 | 35418 | 35332 |
| &nbsp;&nbsp; 5.00% 6/1/53 | 663268 | 660811 |
| &nbsp;&nbsp; 5.50% 9/1/41 | 27594 | 28746 |
| &nbsp;&nbsp; 5.50% 9/1/52 | 392226 | 400177 |
| &nbsp;&nbsp; 5.50% 11/1/52 | 106856 | 108871 |
| &nbsp;&nbsp; 5.50% 11/1/54 | 591740 | 597031 |
| &nbsp;&nbsp; 6.00% 1/1/53 | 63462 | 65837 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 2.00% 3/1/41 | 103399 | 89380 |
| &nbsp;&nbsp; 2.00% 6/1/50 | 744024 | 606398 |
| &nbsp;&nbsp; 2.00% 3/1/51 | 716663 | 582310 |
| &nbsp;&nbsp; 2.50% 7/1/36 | 231301 | 218092 |
| &nbsp;&nbsp; 2.50% 8/1/50 | 99050 | 85249 |
| &nbsp;&nbsp; 2.50% 1/1/51 | 115637 | 98433 |
| &nbsp;&nbsp; 2.50% 5/1/51 | 18806 | 15965 |
| &nbsp;&nbsp; 2.50% 7/1/51 | 24698 | 21084 |
| &nbsp;&nbsp; 2.50% 8/1/51 | 134498 | 115161 |
| &nbsp;&nbsp; 2.50% 12/1/51 | 145668 | 123264 |
| &nbsp;&nbsp; 2.50% 2/1/52 | 307807 | 261888 |
| &nbsp;&nbsp; 2.50% 4/1/52 | 116170 | 98832 |
| &nbsp;&nbsp; 3.00% 11/1/33 | 13165 | 12811 |
| &nbsp;&nbsp; 3.00% 7/1/47 | 378752 | 341345 |
| &nbsp;&nbsp; 3.00% 10/1/47 | 26916 | 23757 |
| &nbsp;&nbsp; 3.00% 2/1/48 | 247550 | 224486 |
| &nbsp;&nbsp; 3.00% 3/1/48 | 113247 | 102344 |
| &nbsp;&nbsp; 3.00% 11/1/48 | 27280 | 24654 |
| &nbsp;&nbsp; 3.00% 3/1/50 | 4177 | 3751 |
| &nbsp;&nbsp; 3.00% 7/1/50 | 82924 | 74654 |
| &nbsp;&nbsp; 3.00% 12/1/51 | 251106 | 223161 |
| &nbsp;&nbsp; 3.00% 2/1/52 | 111733 | 99296 |
| &nbsp;&nbsp; 3.00% 6/1/52 | 137512 | 122248 |
| &nbsp;&nbsp; 3.50% 7/1/47 | 71451 | 67434 |
| &nbsp;&nbsp; 3.50% 12/1/47 | 1238205 | 1153043 |
| &nbsp;&nbsp; 3.50% 9/1/52 | 401194 | 371900 |
| &nbsp;&nbsp; 4.00% 8/1/42 | 231788 | 226575 |
| &nbsp;&nbsp; 4.00% 9/1/42 | 217058 | 212176 |
| &nbsp;&nbsp; 4.00% 6/1/48 | 42722 | 41257 |
| &nbsp;&nbsp; 4.00% 5/1/51 | 187699 | 179758 |
| &nbsp;&nbsp; 4.00% 9/1/52 | 31822 | 30100 |
| &nbsp;&nbsp; 4.50% 7/1/40 | 5967 | 5896 |

---

*LVIP Macquarie Wealth Builder Fund–4*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY MORTGAGE-BACKED SECURITIES (continued)** | **AGENCY MORTGAGE-BACKED SECURITIES (continued)** | **AGENCY MORTGAGE-BACKED SECURITIES (continued)** |
| Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) |
| &nbsp;&nbsp; 4.50% 8/1/41 | 10651 | $10661 |
| &nbsp;&nbsp; 4.50% 5/1/46 | 23687 | 23752 |
| &nbsp;&nbsp; 4.50% 4/1/48 | 22080 | 22180 |
| &nbsp;&nbsp; 4.50% 12/1/48 | 22674 | 22359 |
| &nbsp;&nbsp; 4.50% 1/1/49 | 37130 | 36600 |
| &nbsp;&nbsp; 4.50% 1/1/50 | 79390 | 79024 |
| &nbsp;&nbsp; 4.50% 4/1/50 | 26073 | 25733 |
| &nbsp;&nbsp; 4.50% 10/1/52 | 548237 | 534630 |
| &nbsp;&nbsp; 4.50% 2/1/53 | 391488 | 381408 |
| &nbsp;&nbsp; 5.00% 1/1/51 | 90558 | 91334 |
| &nbsp;&nbsp; 5.50% 5/1/44 | 194339 | 202222 |
| &nbsp;&nbsp; 5.50% 11/1/52 | 163025 | 166308 |
| &nbsp;&nbsp; 5.50% 7/1/53 | 227375 | 229615 |
| &nbsp;&nbsp; 5.50% 2/1/55 | 1638765 | 1652885 |
| &nbsp;&nbsp; 6.00% 1/1/42 | 37760 | 39790 |
| &nbsp;&nbsp; 6.00% 5/1/53 | 88754 | 90921 |
| &nbsp;&nbsp; 6.00% 6/1/53 | 138909 | 142490 |
| &nbsp;&nbsp; 6.00% 9/1/53 | 802070 | 821731 |
| &nbsp;&nbsp; 6.00% 4/1/55 | 777919 | 795012 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; 3.00% 3/15/50 | 14482 | 12817 |
| &nbsp;&nbsp; 3.00% 12/20/51 | 127701 | 114209 |
| &nbsp;&nbsp; 5.00% 9/20/52 | 62768 | 62813 |
| &nbsp;&nbsp; 5.50% 2/20/54 | 113814 | 115406 |
| **Total Agency Mortgage-Backed Securities** <br>**(Cost $18,301,257)** | **Total Agency Mortgage-Backed Securities** <br>**(Cost $18,301,257)** | **17912476** |
| **CORPORATE BONDS–17.03%** | **CORPORATE BONDS–17.03%** | **CORPORATE BONDS–17.03%** |
| **Aerospace & Defense–0.31%** | **Aerospace & Defense–0.31%** | **Aerospace & Defense–0.31%** |
| Boeing Co. 6.86% 5/1/54 | 210000 | 239547 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| &nbsp;&nbsp; 4.03% 10/15/47 | 100000 | 81479 |
| &nbsp;&nbsp; 4.75% 6/1/43 | 15000 | 13885 |
| &nbsp;&nbsp; 5.20% 6/1/54 | 55000 | 52367 |
|  |  | **387278** |
| **Agriculture–0.12%** | **Agriculture–0.12%** | **Agriculture–0.12%** |
| &nbsp;&nbsp; Bunge Ltd. Finance Corp. <br> 4.20% 9/17/29<br>| 145000 | 144502 |
|  |  | **144502** |
| **Apparel–0.12%** | **Apparel–0.12%** | **Apparel–0.12%** |
| &nbsp;&nbsp; Gildan Activewear, Inc. 4.70% <br> 10/7/30<br>| 145000 | 144781 |
|  |  | **144781** |
| **Auto Manufacturers–0.16%** | **Auto Manufacturers–0.16%** | **Auto Manufacturers–0.16%** |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 5.45% 9/6/34 | 60000 | 60357 |
| &nbsp;&nbsp; 5.60% 6/18/31 | 17000 | 17593 |
| &nbsp;&nbsp; 5.63% 4/4/32 | 115000 | 118693 |
|  |  | **196643** |
| **Banks–4.24%** | **Banks–4.24%** | **Banks–4.24%** |
| μBank of America Corp. | μBank of America Corp. | μBank of America Corp. |
| &nbsp;&nbsp; 5.16% 1/24/31 | 80000 | 82567 |
| &nbsp;&nbsp; 5.52% 10/25/35 | 161000 | 164912 |
| &nbsp;&nbsp; 5.82% 9/15/29 | 25000 | 26142 |
| &nbsp;&nbsp; 5.87% 9/15/34 | 25000 | 26788 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| μBank of America Corp. (continued) | μBank of America Corp. (continued) | μBank of America Corp. (continued) |
| &nbsp;&nbsp; 6.20% 11/10/28 | 110000 | $114631 |
| &nbsp;&nbsp; 6.25% 7/26/30 | 145000 | 146853 |
| &nbsp;&nbsp; 6.63% 5/1/30 | 40000 | 41619 |
| μBank of New York Mellon Corp. | μBank of New York Mellon Corp. | μBank of New York Mellon Corp. |
| &nbsp;&nbsp; 4.94% 2/11/31 | 65000 | 66764 |
| &nbsp;&nbsp; 5.80% 10/25/28 | 19000 | 19670 |
| Citibank NA 5.57% 4/30/34 | 250000 | 264948 |
| μCitigroup, Inc. | μCitigroup, Inc. | μCitigroup, Inc. |
| &nbsp;&nbsp; 4.50% 9/11/31 | 85000 | 85046 |
| &nbsp;&nbsp; 6.02% 1/24/36 | 55000 | 57617 |
| &nbsp;&nbsp; μFirst Citizens BancShares, <br> Inc. 5.60% 9/5/35<br>| 16000 | 15958 |
| μGoldman Sachs Group, Inc. | μGoldman Sachs Group, Inc. | μGoldman Sachs Group, Inc. |
| &nbsp;&nbsp; 5.02% 10/23/35 | 65000 | 65432 |
| &nbsp;&nbsp; 5.22% 4/23/31 | 130000 | 134434 |
| &nbsp;&nbsp; 6.48% 10/24/29 | 55000 | 58530 |
| μJPMorgan Chase & Co. | μJPMorgan Chase & Co. | μJPMorgan Chase & Co. |
| &nbsp;&nbsp; 5.10% 4/22/31 | 110000 | 113643 |
| &nbsp;&nbsp; 5.14% 1/24/31 | 45000 | 46473 |
| &nbsp;&nbsp; 5.57% 4/22/28 | 45000 | 45983 |
| &nbsp;&nbsp; 5.57% 4/22/36 | 16000 | 16864 |
| &nbsp;&nbsp; 5.58% 7/23/36 | 55000 | 57017 |
| &nbsp;&nbsp; 6.25% 10/23/34 | 21000 | 23140 |
| KeyBank NA 3.40% 5/20/26 | 250000 | 248622 |
| μM&T Bank Corp. 5.18% 7/8/31 | 45000 | 46085 |
| μMorgan Stanley | μMorgan Stanley | μMorgan Stanley |
| &nbsp;&nbsp; 2.48% 9/16/36 | 172000 | 149404 |
| &nbsp;&nbsp; 5.19% 4/17/31 | 40000 | 41304 |
| &nbsp;&nbsp; 5.66% 4/17/36 | 70000 | 73854 |
| &nbsp;&nbsp; 5.83% 4/19/35 | 77000 | 82085 |
| &nbsp;&nbsp; 6.14% 10/16/26 | 210000 | 210134 |
| &nbsp;&nbsp; 6.30% 10/18/28 | 74000 | 77114 |
| &nbsp;&nbsp; 6.41% 11/1/29 | 52000 | 55269 |
| &nbsp;&nbsp; μNatWest Group PLC 5.12% <br> 5/23/31<br>| 600000 | 615232 |
| μPNC Financial Services Group, Inc. | μPNC Financial Services Group, Inc. | μPNC Financial Services Group, Inc. |
| &nbsp;&nbsp; 3.40% 9/15/26 | 65000 | 63000 |
| &nbsp;&nbsp; 4.90% 5/13/31 | 35000 | 35742 |
| &nbsp;&nbsp; 5.58% 1/29/36 | 40000 | 41736 |
| &nbsp;&nbsp; 5.68% 1/22/35 | 35000 | 36909 |
| &nbsp;&nbsp; 6.88% 10/20/34 | 155000 | 175608 |
| &nbsp;&nbsp; μRegions Financial Corp. 5.50% <br> 9/6/35<br>| 285000 | 293000 |
| State Street Corp. | State Street Corp. | State Street Corp. |
| &nbsp;&nbsp; 4.83% 4/24/30 | 35000 | 35931 |
| &nbsp;&nbsp; 4.99% 3/18/27 | 50000 | 50770 |
| μ6.45% 9/15/30 | 60000 | 61906 |
| μTruist Bank 4.63% 9/17/29 | 522000 | 525902 |
| μU.S. Bancorp | μU.S. Bancorp | μU.S. Bancorp |
| &nbsp;&nbsp; 2.49% 11/3/36 | 30000 | 25863 |
| &nbsp;&nbsp; 4.65% 2/1/29 | 35000 | 35387 |
| &nbsp;&nbsp; 5.05% 2/12/31 | 65000 | 66666 |
| &nbsp;&nbsp; 5.68% 1/23/35 | 35000 | 36851 |
| &nbsp;&nbsp; 5.73% 10/21/26 | 9000 | 9006 |
| &nbsp;&nbsp; 6.79% 10/26/27 | 20000 | 20536 |
| μUBS Group AG 6.85% 9/10/29 | 200000 | 206237 |

---

*LVIP Macquarie Wealth Builder Fund–5*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| μWells Fargo & Co. | μWells Fargo & Co. | μWells Fargo & Co. |
| &nbsp;&nbsp; 4.08% 9/15/29 | 45000 | $44860 |
| &nbsp;&nbsp; 4.89% 9/15/36 | 115000 | 114770 |
| &nbsp;&nbsp; 5.15% 4/23/31 | 5000 | 5156 |
| &nbsp;&nbsp; 5.24% 1/24/31 | 50000 | 51730 |
| &nbsp;&nbsp; 5.61% 4/23/36 | 90000 | 94451 |
|  |  | **5306151** |
| **Beverages–0.11%** | **Beverages–0.11%** | **Beverages–0.11%** |
| &nbsp;&nbsp; Anheuser-Busch InBev <br> Worldwide, Inc. 5.55% <br> 1/23/49<br>| 140000 | 141550 |
|  |  | **141550** |
| **Biotechnology–0.29%** | **Biotechnology–0.29%** | **Biotechnology–0.29%** |
| Amgen, Inc. 5.15% 3/2/28 | 245000 | 250719 |
| &nbsp;&nbsp; Gilead Sciences, Inc. 4.80% <br> 4/1/44<br>| 35000 | 32692 |
| &nbsp;&nbsp; Royalty Pharma PLC 1.75% <br> 9/2/27<br>| 90000 | 85991 |
|  |  | **369402** |
| **Chemicals–0.11%** | **Chemicals–0.11%** | **Chemicals–0.11%** |
| &nbsp;&nbsp; Dow Chemical Co. 5.65% <br> 3/15/36<br>| 140000 | 140697 |
|  |  | **140697** |
| **Commercial Services–0.06%** | **Commercial Services–0.06%** | **Commercial Services–0.06%** |
| &nbsp;&nbsp; Quanta Services, Inc. 4.30% <br> 8/9/28<br>| 80000 | 80377 |
|  |  | **80377** |
| **Computers–0.37%** | **Computers–0.37%** | **Computers–0.37%** |
| Accenture Capital, Inc. | Accenture Capital, Inc. | Accenture Capital, Inc. |
| &nbsp;&nbsp; 4.05% 10/4/29 | 130000 | 129876 |
| &nbsp;&nbsp; 4.25% 10/4/31 | 65000 | 64903 |
| Leidos, Inc. | Leidos, Inc. | Leidos, Inc. |
| &nbsp;&nbsp; 5.40% 3/15/32 | 145000 | 150638 |
| &nbsp;&nbsp; 5.50% 3/15/35 | 110000 | 113974 |
|  |  | **459391** |
| **Diversified Financial Services–1.59%** | **Diversified Financial Services–1.59%** | **Diversified Financial Services–1.59%** |
| &nbsp;&nbsp; AerCap Ireland Capital <br> DAC/AerCap Global Aviation <br> Trust 4.45% 4/3/26<br>| 325000 | 324962 |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| &nbsp;&nbsp; 2.88% 1/15/26 | 410000 | 408188 |
| &nbsp;&nbsp; 4.63% 10/1/28 | 49000 | 49226 |
| &nbsp;&nbsp; 5.10% 3/1/29 | 36000 | 36551 |
| Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC |
| &nbsp;&nbsp; 3.50% 11/1/27 | 165000 | 162046 |
| &nbsp;&nbsp; 4.80% 10/24/30 | 250000 | 249771 |
| &nbsp;&nbsp; 5.38% 7/15/29 | 45000 | 46093 |
| &nbsp;&nbsp; Avolon Holdings Funding Ltd. <br> 4.95% 1/15/28<br>| 35000 | 35351 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| &nbsp;&nbsp; 2.63% 10/15/31 | 500000 | 444711 |
| &nbsp;&nbsp; 5.88% 7/21/28 | 15000 | 15617 |
| &nbsp;&nbsp; 6.45% 6/8/27 | 25000 | 25874 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Jefferies Financial Group, Inc. (continued) | Jefferies Financial Group, Inc. (continued) | Jefferies Financial Group, Inc. (continued) |
| &nbsp;&nbsp; 6.50% 1/20/43 | 15000 | $16101 |
| &nbsp;&nbsp; TPG Operating Group II LP <br> 5.38% 1/15/36<br>| 170000 | 170438 |
|  |  | **1984929** |
| **Electric–1.54%** | **Electric–1.54%** | **Electric–1.54%** |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| &nbsp;&nbsp; 3.45% 1/15/50 | 20000 | 13863 |
| &nbsp;&nbsp; 5.40% 6/1/33 | 20000 | 20568 |
| &nbsp;&nbsp; μAmerican Electric Power Co., <br> Inc. 5.80% 3/15/56<br>| 50000 | 49825 |
| &nbsp;&nbsp; Baltimore Gas & Electric Co. <br> 4.55% 6/1/52<br>| 100000 | 86661 |
| &nbsp;&nbsp; Berkshire Hathaway Energy <br> Co. 2.85% 5/15/51<br>| 50000 | 31734 |
| &nbsp;&nbsp; Black Hills Corp. 4.55% <br> 1/31/31<br>| 45000 | 44998 |
| &nbsp;&nbsp; Constellation Energy <br> Generation LLC 5.75% <br> 3/15/54<br>| 135000 | 136786 |
| μDominion Energy, Inc. | μDominion Energy, Inc. | μDominion Energy, Inc. |
| &nbsp;&nbsp; 6.20% 2/15/56 | 40000 | 40262 |
| &nbsp;&nbsp; 6.63% 5/15/55 | 35000 | 36222 |
| &nbsp;&nbsp; 7.00% 6/1/54 | 185000 | 200593 |
| DTE Energy Co. 5.10% 3/1/29 | 45000 | 46109 |
| &nbsp;&nbsp; Duke Energy Carolinas LLC <br> 4.95% 1/15/33<br>| 110000 | 113091 |
| &nbsp;&nbsp; Entergy Mississippi LLC <br> 2.85% 6/1/28<br>| 165000 | 160154 |
| &nbsp;&nbsp; Nevada Power Co. 3.13% <br> 8/1/50<br>| 165000 | 108881 |
| NRG Energy, Inc. | NRG Energy, Inc. | NRG Energy, Inc. |
| &nbsp;&nbsp; 4.73% 10/15/30 | 70000 | 69978 |
| &nbsp;&nbsp; 5.41% 10/15/35 | 55000 | 55187 |
| &nbsp;&nbsp; Oglethorpe Power Corp. <br> 6.20% 12/1/53<br>| 210000 | 221036 |
| &nbsp;&nbsp; Southwestern Electric Power <br> Co. 4.10% 9/15/28<br>| 460000 | 458522 |
| &nbsp;&nbsp; Vistra Operations Co. LLC <br> 6.00% 4/15/34<br>| 20000 | 21086 |
| &nbsp;&nbsp; WEC Energy Group, Inc. <br> 1.80% 10/15/30<br>| 14000 | 12393 |
|  |  | **1927949** |
| **Electronics–0.15%** | **Electronics–0.15%** | **Electronics–0.15%** |
| &nbsp;&nbsp; Amphenol Corp. 2.20% <br> 9/15/31<br>| 205000 | 181925 |
|  |  | **181925** |
| **Food–0.23%** | **Food–0.23%** | **Food–0.23%** |
| &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. |
| &nbsp;&nbsp; 5.50% 1/15/36 | 60000 | 61273 |
| &nbsp;&nbsp; 6.25% 3/1/56 | 55000 | 56397 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 5.20% 3/1/35 | 75000 | 76660 |
| &nbsp;&nbsp; 5.65% 5/1/45 | 50000 | 50721 |

---

*LVIP Macquarie Wealth Builder Fund–6*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Sysco Corp. 5.10% 9/23/30 | 40000 | $41240 |
|  |  | **286291** |
| **Health Care Products–0.05%** | **Health Care Products–0.05%** | **Health Care Products–0.05%** |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| &nbsp;&nbsp; 4.80% 1/15/31 | 30000 | 30492 |
| &nbsp;&nbsp; 5.50% 6/15/35 | 30000 | 31098 |
|  |  | **61590** |
| **Health Care Services–0.21%** | **Health Care Services–0.21%** | **Health Care Services–0.21%** |
| HCA, Inc. | HCA, Inc. | HCA, Inc. |
| &nbsp;&nbsp; 5.45% 9/15/34 | 65000 | 66676 |
| &nbsp;&nbsp; 6.20% 3/1/55 | 190000 | 196134 |
|  |  | **262810** |
| **Insurance–1.07%** | **Insurance–1.07%** | **Insurance–1.07%** |
| Aon Corp./Aon Global Holdings PLC | Aon Corp./Aon Global Holdings PLC | Aon Corp./Aon Global Holdings PLC |
| &nbsp;&nbsp; 2.90% 8/23/51 | 85000 | 53658 |
| &nbsp;&nbsp; 5.00% 9/12/32 | 150000 | 154385 |
| Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. |
| &nbsp;&nbsp; 5.30% 3/1/31 | 20000 | 20831 |
| &nbsp;&nbsp; 5.75% 3/1/54 | 10000 | 10071 |
| Athene Holding Ltd. | Athene Holding Ltd. | Athene Holding Ltd. |
| &nbsp;&nbsp; 6.63% 5/19/55 | 55000 | 58858 |
| μ6.88% 6/28/55 | 55000 | 56335 |
| &nbsp;&nbsp; Chubb INA Holdings LLC <br> 4.90% 8/15/35<br>| 50000 | 50297 |
| &nbsp;&nbsp; Henneman Trust 6.58% <br> 5/15/55<br>| 100000 | 106653 |
| &nbsp;&nbsp; Marsh & McLennan Cos., Inc. <br> 5.35% 11/15/44<br>| 265000 | 262773 |
| &nbsp;&nbsp; New York Life Global Funding <br> 5.45% 9/18/26<br>| 145000 | 147047 |
| &nbsp;&nbsp; Pacific Life Insurance Co. <br> 5.95% 9/15/55<br>| 60000 | 62002 |
| &nbsp;&nbsp; Prudential Financial, Inc. <br> 5.20% 3/14/35<br>| 145000 | 149048 |
| &nbsp;&nbsp; μSumitomo Life Insurance Co. <br> 5.88% 9/10/55<br>| 200000 | 203621 |
|  |  | **1335579** |
| **Internet–0.29%** | **Internet–0.29%** | **Internet–0.29%** |
| &nbsp;&nbsp; Amazon.com, Inc. 1.50% <br> 6/3/30<br>| 375000 | 336019 |
| &nbsp;&nbsp; Meta Platforms, Inc. 5.40% <br> 8/15/54<br>| 30000 | 29640 |
|  |  | **365659** |
| **Investment Companies–0.62%** | **Investment Companies–0.62%** | **Investment Companies–0.62%** |
| &nbsp;&nbsp; Apollo Debt Solutions BDC <br> 6.70% 7/29/31<br>| 205000 | 217261 |
| ARES Capital Corp. | ARES Capital Corp. | ARES Capital Corp. |
| &nbsp;&nbsp; 5.10% 1/15/31 | 100000 | 99279 |
| &nbsp;&nbsp; 5.80% 3/8/32 | 102000 | 103899 |
| Blackstone Private Credit Fund | Blackstone Private Credit Fund | Blackstone Private Credit Fund |
| &nbsp;&nbsp; 5.05% 9/10/30 | 45000 | 44476 |
| &nbsp;&nbsp; 5.60% 11/22/29 | 120000 | 122106 |
| &nbsp;&nbsp; 6.00% 1/29/32 | 35000 | 36116 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Investment Companies (continued)** | **Investment Companies (continued)** | **Investment Companies (continued)** |
| Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. |
| &nbsp;&nbsp; 5.80% 3/15/30 | 71000 | $71998 |
| &nbsp;&nbsp; 6.60% 9/15/29 | 50000 | 52128 |
| &nbsp;&nbsp; HPS Corporate Lending Fund <br> 5.95% 4/14/32<br>| 25000 | 25412 |
|  |  | **772675** |
| **Machinery Construction & Mining–0.10%** | **Machinery Construction & Mining–0.10%** | **Machinery Construction & Mining–0.10%** |
| Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. |
| &nbsp;&nbsp; 5.20% 5/15/35 | 70000 | 72423 |
| &nbsp;&nbsp; 5.50% 5/15/55 | 55000 | 56168 |
|  |  | **128591** |
| **Media–0.32%** | **Media–0.32%** | **Media–0.32%** |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating <br> Capital 6.70% 12/1/55<br>| 45000 | 45538 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| &nbsp;&nbsp; 6.55% 5/1/37 | 170000 | 176844 |
| &nbsp;&nbsp; 7.30% 7/1/38 | 165000 | 180294 |
|  |  | **402676** |
| **Mining–0.13%** | **Mining–0.13%** | **Mining–0.13%** |
| &nbsp;&nbsp; Freeport-McMoRan, Inc. <br> 5.45% 3/15/43<br>| 175000 | 168557 |
|  |  | **168557** |
| **Miscellaneous Manufacturing–0.05%** | **Miscellaneous Manufacturing–0.05%** | **Miscellaneous Manufacturing–0.05%** |
| &nbsp;&nbsp; Teledyne Technologies, Inc. <br> 2.75% 4/1/31<br>| 65000 | 59707 |
|  |  | **59707** |
| **Office Business Equipment–0.15%** | **Office Business Equipment–0.15%** | **Office Business Equipment–0.15%** |
| &nbsp;&nbsp; CDW LLC/CDW Finance Corp. <br> 3.28% 12/1/28<br>| 195000 | 188360 |
|  |  | **188360** |
| **Oil & Gas–0.55%** | **Oil & Gas–0.55%** | **Oil & Gas–0.55%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| &nbsp;&nbsp; 4.81% 2/13/33 | 55000 | 55647 |
| &nbsp;&nbsp; 5.23% 11/17/34 | 90000 | 92960 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| &nbsp;&nbsp; 5.00% 1/15/35 | 225000 | 227936 |
| &nbsp;&nbsp; 5.50% 1/15/55 | 45000 | 44084 |
| EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. |
| &nbsp;&nbsp; 5.00% 7/15/32 | 108000 | 110505 |
| &nbsp;&nbsp; 5.95% 7/15/55 | 85000 | 88989 |
| &nbsp;&nbsp; Woodside Finance Ltd. 5.70% <br> 5/19/32<br>| 60000 | 62295 |
|  |  | **682416** |
| **Packaging & Containers–0.04%** | **Packaging & Containers–0.04%** | **Packaging & Containers–0.04%** |
| &nbsp;&nbsp; Amcor Flexibles North <br> America, Inc. 5.50% 3/17/35<br>| 45000 | 46337 |
|  |  | **46337** |
| **Pharmaceuticals–0.31%** | **Pharmaceuticals–0.31%** | **Pharmaceuticals–0.31%** |
| AbbVie, Inc. 5.35% 3/15/44 | 25000 | 25080 |

---

*LVIP Macquarie Wealth Builder Fund–7*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| &nbsp;&nbsp; 5.00% 9/15/32 | 35000 | $35428 |
| &nbsp;&nbsp; 5.45% 9/15/35 | 60000 | 61056 |
| &nbsp;&nbsp; 6.20% 9/15/55 | 55000 | 56608 |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| &nbsp;&nbsp; 5.10% 2/12/35 | 65000 | 67241 |
| &nbsp;&nbsp; 5.50% 2/12/55 | 145000 | 148107 |
|  |  | **393520** |
| **Pipelines–1.05%** | **Pipelines–1.05%** | **Pipelines–1.05%** |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| &nbsp;&nbsp; 4.90% 6/20/30 | 35000 | 35792 |
| &nbsp;&nbsp; 5.25% 4/5/27 | 60000 | 60907 |
| &nbsp;&nbsp; 5.55% 6/20/35 | 55000 | 56720 |
| μ5.75% 7/15/80 | 20000 | 20192 |
| μ7.20% 6/27/54 | 200000 | 212086 |
| &nbsp;&nbsp; Energy Transfer LP 6.25% <br> 4/15/49<br>| 230000 | 232164 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| &nbsp;&nbsp; 3.30% 2/15/53 | 5000 | 3404 |
| &nbsp;&nbsp; 4.60% 1/15/31 | 60000 | 60622 |
| &nbsp;&nbsp; Kinder Morgan, Inc. 5.95% <br> 8/1/54<br>| 60000 | 60426 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| &nbsp;&nbsp; 5.70% 11/1/54 | 95000 | 89687 |
| &nbsp;&nbsp; 6.10% 11/15/32 | 180000 | 192881 |
| &nbsp;&nbsp; Targa Resources Partners LP/Targa Resources Partners Finance <br> Corp. | &nbsp;&nbsp; Targa Resources Partners LP/Targa Resources Partners Finance <br> Corp. | &nbsp;&nbsp; Targa Resources Partners LP/Targa Resources Partners Finance <br> Corp. |
| &nbsp;&nbsp; 4.00% 1/15/32 | 105000 | 99576 |
| &nbsp;&nbsp; 5.00% 1/15/28 | 185000 | 185207 |
|  |  | **1309664** |
| **Private Equity–0.30%** | **Private Equity–0.30%** | **Private Equity–0.30%** |
| &nbsp;&nbsp; Blackstone Reg Finance Co. <br> LLC 5.00% 12/6/34<br>| 60000 | 60626 |
| &nbsp;&nbsp; Brookfield Finance, Inc. <br> 5.33% 1/15/36<br>| 145000 | 145766 |
| KKR & Co., Inc. 5.10% 8/7/35 | 175000 | 175316 |
|  |  | **381708** |
| **Real Estate Investment Trusts–0.49%** | **Real Estate Investment Trusts–0.49%** | **Real Estate Investment Trusts–0.49%** |
| &nbsp;&nbsp; Crown Castle, Inc. 1.05% <br> 7/15/26<br>| 70000 | 68256 |
| &nbsp;&nbsp; Extra Space Storage LP 5.40% <br> 2/1/34<br>| 75000 | 77178 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| &nbsp;&nbsp; 4.38% 10/1/30 | 125000 | 125286 |
| &nbsp;&nbsp; 5.13% 10/1/35 | 45000 | 45524 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP |
| &nbsp;&nbsp; 4.95% 2/15/30 | 235000 | 237726 |
| &nbsp;&nbsp; 5.63% 4/1/35 | 30000 | 30717 |
| &nbsp;&nbsp; VICI Properties LP/VICI <br> Note Co., Inc. 4.63% 12/1/29<br>| 25000 | 24754 |
|  |  | **609441** |
| **Retail–0.09%** | **Retail–0.09%** | **Retail–0.09%** |
| Home Depot, Inc. | Home Depot, Inc. | Home Depot, Inc. |
| &nbsp;&nbsp; 4.88% 6/25/27 | 15000 | 15248 |
| &nbsp;&nbsp; 4.95% 6/25/34 | 45000 | 46079 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| &nbsp;&nbsp; Lowe's Cos., Inc. 4.25% <br> 3/15/31<br>| 55000 | $54644 |
|  |  | **115971** |
| **Semiconductors–0.53%** | **Semiconductors–0.53%** | **Semiconductors–0.53%** |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| &nbsp;&nbsp; 3.19% 11/15/36 | 125000 | 106672 |
| &nbsp;&nbsp; 4.20% 10/15/30 | 60000 | 59898 |
| &nbsp;&nbsp; 4.90% 7/15/32 | 35000 | 35805 |
| &nbsp;&nbsp; 5.05% 7/12/29 | 165000 | 169964 |
| &nbsp;&nbsp; 5.20% 7/15/35 | 35000 | 36071 |
| Entegris, Inc. 4.75% 4/15/29 | 40000 | 39657 |
| &nbsp;&nbsp; Foundry JV Holdco LLC 6.10% <br> 1/25/36<br>| 200000 | 212480 |
|  |  | **660547** |
| **Software–0.34%** | **Software–0.34%** | **Software–0.34%** |
| Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 4.70% 9/27/34 | 65000 | 63478 |
| &nbsp;&nbsp; 5.20% 9/26/35 | 80000 | 80440 |
| &nbsp;&nbsp; 5.88% 9/26/45 | 50000 | 50136 |
| &nbsp;&nbsp; 5.95% 9/26/55 | 60000 | 59815 |
| &nbsp;&nbsp; 6.00% 8/3/55 | 25000 | 25098 |
| Workday, Inc. 3.80% 4/1/32 | 150000 | 143231 |
|  |  | **422198** |
| **Telecommunications–0.77%** | **Telecommunications–0.77%** | **Telecommunications–0.77%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| &nbsp;&nbsp; 3.50% 9/15/53 | 175000 | 121048 |
| &nbsp;&nbsp; 5.38% 8/15/35 | 30000 | 30898 |
| &nbsp;&nbsp; 5.55% 11/1/45 | 45000 | 44553 |
| &nbsp;&nbsp; 5.70% 11/1/54 | 45000 | 44476 |
| &nbsp;&nbsp; 6.05% 8/15/56 | 30000 | 31096 |
| &nbsp;&nbsp; 6.30% 1/15/38 | 35000 | 38091 |
| &nbsp;&nbsp; Rogers Communications, Inc. <br> 5.30% 2/15/34<br>| 205000 | 207970 |
| Softbank Corp. 4.70% 7/9/30 | 200000 | 201526 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 5.13% 5/15/32 | 25000 | 25729 |
| &nbsp;&nbsp; 5.88% 11/15/55 | 50000 | 51073 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| &nbsp;&nbsp; 2.88% 11/20/50 | 35000 | 22339 |
| &nbsp;&nbsp; 5.25% 4/2/35 | 145000 | 147452 |
|  |  | **966251** |
| **Transportation–0.17%** | **Transportation–0.17%** | **Transportation–0.17%** |
| &nbsp;&nbsp; Burlington Northern Santa <br> Fe LLC 5.80% 3/15/56<br>| 60000 | 62779 |
| Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. |
| &nbsp;&nbsp; 5.10% 2/20/35 | 60000 | 61687 |
| &nbsp;&nbsp; 5.60% 12/1/54 | 85000 | 86319 |
|  |  | **210785** |
| **Total Corporate Bonds** <br>**(Cost $21,290,790)** | **Total Corporate Bonds** <br>**(Cost $21,290,790)** | **21296908** |

---

*LVIP Macquarie Wealth Builder Fund–8*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES–2.73%** | **NON-AGENCY ASSET-BACKED SECURITIES–2.73%** | **NON-AGENCY ASSET-BACKED SECURITIES–2.73%** |
| &nbsp;&nbsp; •AIMCO CLO 17 Ltd. Series <br> 2022-17A Class CR 6.23% (3 <br> mo. USD Term SOFR + <br> 1.90%) 7/20/37<br>| 250000 | $250610 |
| •Ballyrock CLO 27 Ltd. | •Ballyrock CLO 27 Ltd. | •Ballyrock CLO 27 Ltd. |
| &nbsp;&nbsp;&nbsp; Series 2024-27A Class A1A <br> 5.67% (3 mo. USD Term <br> SOFR + 1.35%) 10/25/37<br>| 300000 | 300842 |
| &nbsp;&nbsp;&nbsp; Series 2024-27A Class B <br> 6.22% (3 mo. USD Term <br> SOFR + 1.90%) 10/25/37<br>| 150000 | 150264 |
| &nbsp;&nbsp; Diamond Infrastructure <br> Funding LLC Series 2021-1A <br> Class A 1.76% 4/15/49<br>| 215000 | 206197 |
| &nbsp;&nbsp; Domino's Pizza Master <br> Issuer LLC Series 2021-1A <br> Class A2I 2.66% 4/25/51<br>| 340375 | 321776 |
| &nbsp;&nbsp; Ford Credit Auto Owner Trust <br> Series 2023-C Class A3 5.53% <br> 9/15/28<br>| 534386 | 540057 |
| &nbsp;&nbsp; GM Financial Automobile <br> Leasing Trust Series 2024-1 <br> Class A3 5.09% 3/22/27<br>| 497214 | 498808 |
| &nbsp;&nbsp; GMF Floorplan Owner <br> Revolving Trust Series <br> 2023-1 Class A1 5.34% <br> 6/15/28<br>| 170000 | 171457 |
| &nbsp;&nbsp; •Man GLG U.S. CLO Series <br> 2018-1A Class A1R 5.73% (3 <br> mo. USD Term SOFR + <br> 1.40%) 4/22/30<br>| 9604 | 9605 |
| &nbsp;&nbsp; PFS Financing Corp. Series <br> 2024-B Class A 4.95% <br> 2/15/29<br>| 600000 | 607066 |
| &nbsp;&nbsp; •TCW CLO Ltd. Series 2024-2A <br> Class C 6.47% (3 mo. USD <br> Term SOFR + 2.15%) <br> 7/17/37<br>| 250000 | 251252 |
| &nbsp;&nbsp; Toyota Auto Loan Extended <br> Note Trust Series 2022-1A <br> Class A 3.82% 4/25/35<br>| 100000 | 99737 |
| **Total Non-Agency Asset-Backed Securities** <br>**(Cost $3,422,558)** | **Total Non-Agency Asset-Backed Securities** <br>**(Cost $3,422,558)** | **3407671** |
| **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATIONS–0.18%** | **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATIONS–0.18%** | **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATIONS–0.18%** |
| &nbsp;&nbsp; •GS Mortgage-Backed <br> Securities Trust Series <br> 2021-PJ7 Class A2 2.50% <br> 1/25/52<br>| 75558 | 62631 |
| •JP Morgan Mortgage Trust | •JP Morgan Mortgage Trust | •JP Morgan Mortgage Trust |
| &nbsp;&nbsp;&nbsp; Series 2014-2 Class B2 3.38% <br> 6/25/29<br>| 31567 | 30638 |
| &nbsp;&nbsp;&nbsp; Series 2021-10 Class A3 <br> 2.50% 12/25/51<br>| 75473 | 62560 |
| &nbsp;&nbsp; •Morgan Stanley Residential <br> Mortgage Loan Trust Series <br> 2021-4 Class A3 2.50% <br> 7/25/51<br>| 72966 | 60482 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** |
| &nbsp;&nbsp; •Sequoia Mortgage Trust <br> Series 2015-1 Class B2 3.94% <br> 1/25/45<br>| 3026 | $2947 |
| **Total Non-Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $262,375)** | **Total Non-Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $262,375)** | **219258** |
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–3.73%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–3.73%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–3.73%** |
| &nbsp;&nbsp; •1301 Trust Series 2025-1301 <br> Class A 5.23% 8/11/42<br>| 305000 | 309118 |
| Bank | Bank | Bank |
| &nbsp;&nbsp;&nbsp; Series 2017-BNK5 Class A5 <br> 3.39% 6/15/60<br>| 70000 | 68956 |
| &nbsp;&nbsp;&nbsp; •Series 2017-BNK5 Class B <br> 3.90% 6/15/60<br>| 50000 | 48231 |
| &nbsp;&nbsp;&nbsp; Series 2019-BN20 Class A3 <br> 3.01% 9/15/62<br>| 395000 | 370007 |
| &nbsp;&nbsp;&nbsp; Series 2019-BN21 Class A5 <br> 2.85% 10/17/52<br>| 225000 | 211179 |
| &nbsp;&nbsp;&nbsp; Series 2020-BN25 Class A5 <br> 2.65% 1/15/63<br>| 500000 | 460957 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp;&nbsp; •Series 2019-B10 Class B <br> 4.18% 3/15/62<br>| 225000 | 205305 |
| &nbsp;&nbsp;&nbsp; Series 2020-B20 Class A5 <br> 2.03% 10/15/53<br>| 50000 | 43958 |
| &nbsp;&nbsp;&nbsp; Series 2021-B24 Class A5 <br> 2.58% 3/15/54<br>| 47000 | 41914 |
| &nbsp;&nbsp;&nbsp; •Series 2022-B32 Class B <br> 3.20% 1/15/55<br>| 250000 | 208843 |
| &nbsp;&nbsp;&nbsp; Series 2022-B33 Class A5 <br> 3.46% 3/15/55<br>| 275000 | 254260 |
| &nbsp;&nbsp;&nbsp; •Series 2022-B34 Class A5 <br> 3.79% 4/15/55<br>| 35000 | 32590 |
| &nbsp;&nbsp;&nbsp; •Series 2022-B35 Class A5 <br> 4.59% 5/15/55<br>| 125000 | 122216 |
| &nbsp;&nbsp;&nbsp; •Series 2022-B36 Class A5 <br> 4.47% 7/15/55<br>| 25000 | 24520 |
| &nbsp;&nbsp; Cantor Commercial Real <br> Estate Lending Series <br> 2019-CF1 Class A5 3.79% <br> 5/15/52<br>| 155000 | 151317 |
| CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust |
| &nbsp;&nbsp;&nbsp; Series 2016-CD2 Class A3 <br> 3.25% 11/10/49<br>| 56780 | 56216 |
| &nbsp;&nbsp;&nbsp; Series 2019-CD8 Class A4 <br> 2.91% 8/15/57<br>| 400000 | 369897 |
| &nbsp;&nbsp; CFCRE Commercial Mortgage <br> Trust Series 2016-C7 <br> Class A3 3.84% 12/10/54<br>| 95000 | 93958 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp; Series 2016-P3 Class A4 <br> 3.33% 4/15/49<br>| 145000 | 143695 |
| &nbsp;&nbsp;&nbsp; Series 2020-555 Class A <br> 2.65% 12/10/41<br>| 100000 | 90363 |

---

*LVIP Macquarie Wealth Builder Fund–9*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES (continued)** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES (continued)** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES (continued)** |
| &nbsp;&nbsp; COMM Mortgage Trust Series <br> 2016-CR28 Class A4 3.76% <br> 2/10/49<br>| 44523 | $44445 |
| &nbsp;&nbsp; DB-JPM Mortgage Trust <br> Series 2016-C1 Class A4 <br> 3.28% 5/10/49<br>| 75000 | 74418 |
| &nbsp;&nbsp; Grace Trust Series <br> 2020-GRCE Class A 2.35% <br> 12/10/40<br>| 600000 | 532479 |
| GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp; Series 2017-GS5 Class A4 <br> 3.67% 3/10/50<br>| 65000 | 64194 |
| &nbsp;&nbsp;&nbsp; Series 2019-GC39 Class A4 <br> 3.57% 5/10/52<br>| 20000 | 18805 |
| JP Morgan Chase Commercial Mortgage Securities Trust | JP Morgan Chase Commercial Mortgage Securities Trust | JP Morgan Chase Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp; Series 2015-JP1 Class A5 <br> 3.91% 1/15/49<br>| 26833 | 26675 |
| &nbsp;&nbsp;&nbsp; Series 2016-JP2 Class AS <br> 3.06% 8/15/49<br>| 60000 | 57533 |
| &nbsp;&nbsp; JPM-BB Commercial <br> Mortgage Securities Trust <br> Series 2015-C33 Class A4 <br> 3.77% 12/15/48<br>| 115419 | 115129 |
| JPM-DB Commercial Mortgage Securities Trust | JPM-DB Commercial Mortgage Securities Trust | JPM-DB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp; Series 2016-C2 Class A4 <br> 3.14% 6/15/49<br>| 75000 | 72757 |
| &nbsp;&nbsp;&nbsp; Series 2017-C7 Class A5 <br> 3.41% 10/15/50<br>| 195000 | 190440 |
| &nbsp;&nbsp; Morgan Stanley Bank of <br> America Merrill Lynch Trust <br> Series 2015-C26 Class A5 <br> 3.53% 10/15/48<br>| 7501 | 7461 |
| &nbsp;&nbsp; Morgan Stanley Capital I <br> Trust Series 2019-L3 <br> Class A4 3.13% 11/15/52<br>| 100000 | 94320 |
| &nbsp;&nbsp; Wells Fargo Commercial <br> Mortgage Trust Series <br> 2016-BNK1 Class A3 2.65% <br> 8/15/49<br>| 60000 | 59053 |
| **Total Non-Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $4,932,723)** | **Total Non-Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $4,932,723)** | **4665209** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **U.S. TREASURY OBLIGATIONS–4.97%** | **U.S. TREASURY OBLIGATIONS–4.97%** | **U.S. TREASURY OBLIGATIONS–4.97%** |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| &nbsp;&nbsp; 2.25% 8/15/46 | 1485000 | $990773 |
| &nbsp;&nbsp; 5.00% 5/15/45 | 230000 | 238841 |
| &nbsp;&nbsp; U.S. Treasury Inflation <br> Indexed Notes 2.13% 1/15/35 <br>| 3326667 | 3424625 |
| &nbsp;&nbsp; U.S. Treasury Notes 3.63% <br> 8/15/28 <br>| 1300000 | 1300000 |
| &nbsp;&nbsp; ^U.S. Treasury STRIPS <br> Principal 0.00% 5/15/44 <br>| 635000 | 260650 |
| **Total U.S. Treasury Obligations** <br>**(Cost $6,548,831)** | **Total U.S. Treasury Obligations** <br>**(Cost $6,548,831)** | **6214889** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>|  |
| **EXCHANGE-TRADED FUND–0.78%** | **EXCHANGE-TRADED FUND–0.78%** | **EXCHANGE-TRADED FUND–0.78%** |
| Vanguard S&P 500 ETF  | 1579 | 966948 |
| **Total Exchange-Traded Fund**<br> **(Cost $791,399)** | **Total Exchange-Traded Fund**<br> **(Cost $791,399)** | **966948** |
| **MONEY MARKET FUND–0.31%** | **MONEY MARKET FUND–0.31%** | **MONEY MARKET FUND–0.31%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 391223 | 391223 |
| **Total Money Market Fund**<br> **(Cost $391,223)** | **Total Money Market Fund**<br> **(Cost $391,223)** | **391223** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>|  |
| **SHORT-TERM INVESTMENTS—2.44%** | **SHORT-TERM INVESTMENTS—2.44%** | **SHORT-TERM INVESTMENTS—2.44%** |
| **DISCOUNTED COMMERCIAL PAPER–2.44%** | **DISCOUNTED COMMERCIAL PAPER–2.44%** | **DISCOUNTED COMMERCIAL PAPER–2.44%** |
| &nbsp;&nbsp; ≠Kinder Morgan, Inc. 4.33% <br> 10/1/25<br>| 1500000 | 1500000 |
| &nbsp;&nbsp; ≠Wisconsin Gas LLC 4.22% <br> 10/1/25<br>| 1550000 | 1550000 |
|  |  | **3050000** |
| **Total Short-Term Investments**<br> **(Cost $3,050,000)** | **Total Short-Term Investments**<br> **(Cost $3,050,000)** | **3050000** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–99.83% (Cost $102,825,064)** | **124800636** |
| **RECEIVABLES AND OTHER ASSETS NET OF LIABILITIES–0.17%** | **215748** |
| **NET ASSETS APPLICABLE TO 9,898,442 SHARES OUTSTANDING–100.00%** | **$125016384** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| †Non-income producing. |
| §Developed Markets – countries that are thought to be most developed and therefore less risky than emerging markets. |
| °Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; •Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at September 30, 2025. For securities based on a <br> published reference rate and spread, the reference rate and spread are indicated in their description above and may be subject to caps <br> and/or floors or include a multiplier. Certain variable rate securities are not based on a published reference rate and spread but are <br> determined by the issuer or agent and are based on current market conditions such as changes in current interest rate and prepayments <br> on the underlying pool of assets. These securities do not indicate a reference rate and spread in their description above. |

---

*LVIP Macquarie Wealth Builder Fund–10*

------

**LVIP Macquarie Wealth Builder Fund**

**Schedule of Investments (continued)**

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ♦Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the <br> counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
| μFixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2025. Rate will reset at a future date. |
| ^Zero coupon security. |
| ≠The rate shown is the effective yield at the time of purchase. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following futures contracts were outstanding at September 30, 2025:<br>

**Futures Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy (Sell)** | **Contracts to Buy (Sell)** | **Notional** <br>**Amount**<br>| **Notional** <br>**Cost (Proceeds)**<br>| **Expiration** <br>**Date**<br>| **Value/** <br>**Unrealized** <br>**Appreciation**<sup>1</sup> <br>| **Value/** <br>**Unrealized** <br>**Depreciation**<sup>1</sup> <br>|
| **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** |
| 15 | CBOT 10 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; $1687500 | &nbsp;&nbsp; $1680034 | &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; $7466 | &nbsp;&nbsp; $— |
| 11 | CBOT 5 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; 1201148 | &nbsp;&nbsp; 1209346 | &nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp; — | &nbsp;&nbsp; (8198)<br>|
| 20 | CBOT U.S. Long Bond Futures | &nbsp;&nbsp; 2331875 | &nbsp;&nbsp; 2358703 | &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; — | &nbsp;&nbsp; (26828)<br>|
| (17) | Ultra 10 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; (1956328)<br>| &nbsp;&nbsp; (1968102)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; 11774 | &nbsp;&nbsp; — |
| 5 | Ultra U.S. Treasury Bond Futures | &nbsp;&nbsp; 600313 | &nbsp;&nbsp; 583717 | &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; 16596 | &nbsp;&nbsp; — |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | &nbsp;&nbsp; $35836 | &nbsp;&nbsp; $(35026)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The use of futures contracts involves elements of market risk and risks in excess of the amounts recognized in the financial statements. The <br> notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation <br> (depreciation) is reflected in the Fund's net assets.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Includes cumulative appreciation (depreciation) of futures contracts from the date the contracts were opened through September 30, 2025.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Summary of Abbreviations:** |
| CBOT–Chicago Board of Trade |
| CLO–Collateralized Loan Obligation |
| DB-JPM–Deutsche Bank JPMorgan |
| ETF–Exchange-Traded Fund |
| FREMF–Freddie Mac Multifamily |
| GS–Goldman Sachs |
| IT–Information Technology |
| JPM-BB–JPMorgan Barclays Bank |
| JPM-DB–JPMorgan Deutsche Bank |
| REMIC–Real Estate Mortgage Investment Conduits |
| S&P–Standard & Poor's |
| SOFR–Secured Overnight Financing Rate |
| STACR–Structured Agency Credit Risk |

---

*LVIP Macquarie Wealth Builder Fund–11*

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

- **b. Investment Company Act file number:** 811-08090

- **c. CIK number of Registrant:** 0000914036

- **d. LEI of Registrant:** 3EICVM5HD7FVBIM8WO57

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 260-455-2000

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

- **a. Name of Series:** LVIP Macquarie Wealth Builder Fund

- **b. EDGAR series identifier (if any):** S000025133

- **c. LEI of Series:** 3Y6BP5A2QPZ3SM05XC85

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **Yes**

### Fund Information

**Total Assets:** $125544756.03

**Total Liabilities:** $502713.80

**Net Assets:** $125042042.23

**Delayed Delivery Securities:** $314662.60

**Cash Not Reported:** $102054.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -108.17000000 | **1-Year:** -1451.11000000 | **5-Year:** -5997.82000000 | **10-Year:** -6169.36000000 | **30-Year:** -2739.37000000

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

- **3-Month:** -0.30000000 | **1-Year:** -20.61000000 | **5-Year:** -72.55000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000074974 | 0.81%                | 2.59%                | 1.98%                |
| Class ID C000074975 | 0.78%                | 2.58%                | 1.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-361058.46              | $1177993.48                                |
| Month 2  | $-532091.92              | $3357369.88                                |
| Month 3  | $233403.60               | $1866628.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X5FW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27280 | PA      | $24653.91     | 0.02%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57017.51     | 0.05%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                              | Ballyrock CLO 27 Ltd                                                            | CUSIP: 05874UAA3<br>LEI: 254900WCB773D35B5908 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300841.50    | 0.24%             | 2037-10-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                   | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76660.24     | 0.06%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    172000 | PA      | $149403.79    | 0.12%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82566.82     | 0.07%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                   | Ginnie Mae II Pool                                                              | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    127701 | PA      | $114208.86    | 0.09%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                              | Boeing Co/The                                                                   | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    210000 | PA      | $239547.65    | 0.19%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                      | Time Warner Cable LLC                                                           | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176844.49    | 0.14%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                    | Jefferies Financial Group Inc                                                   | CUSIP: 472319AE2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25874.10     | 0.02%             | 2027-06-08      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VCB7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |      5000 | PA      | $3403.73      | 0.00%             | 2053-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                               | Broadcom Inc                                                                    | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    125000 | PA      | $106672.19    | 0.09%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XH5W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70129 | PA      | $59172.19     | 0.05%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140W0VA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1638765 | PA      | $1652885.07   | 1.32%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DPK49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     88498 | PA      | $84274.02     | 0.07%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                        | LVMH Moet Hennessy Louis Vuitton SE                                             | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       135 | NS      | $82497.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                          | Cisco Systems Inc                                                               | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     17743 | NS      | $1213976.06   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                                    | Dow Inc                                                                         | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      7652 | NS      | $175460.36    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113643.19    | 0.09%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Kone Oyj                                                   | Kone Oyj                                                                        | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      1022 | NS      | $69593.03     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Gold Pool                                                           | CUSIP: 31335BZT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27594 | PA      | $28745.59     | 0.02%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO LIFE INSUR                                        | Sumitomo Life Insurance Co                                                      | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203621.20    | 0.16%             | 2055-09-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                                   | HPS Corporate Lending Fund                                                      | CUSIP: 40440VAK1<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25412.05     | 0.02%             | 2032-04-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                           | Crown Castle Inc                                                                | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     70000 | PA      | $68255.64     | 0.05%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc                                              | Blackrock Inc                                                                   | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       545 | NS      | $635399.15    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                              | Accenture PLC                                                                   | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      1219 | NS      | $300605.40    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XPHG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    401194 | PA      | $371900.15    | 0.30%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Equity Residential                                         | Equity Residential                                                              | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |      8341 | NS      | $539912.93    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial Inc                            | Fidelity National Financial Inc                                                 | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      6588 | NS      | $398508.12    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Avenue of Americas                                         | 1301 Trust 2025-AOA                                                             | CUSIP: 682461AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    305000 | PA      | $309118.29    | 0.25%             | 2042-08-11      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                               | GS Mortgage Securities Trust 2017-GS5                                           | CUSIP: 36252HAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65000 | PA      | $64193.92     | 0.05%             | 2050-03-10      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                          | EOG Resources Inc                                                               | CUSIP: 26875PAY7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    108000 | PA      | $110504.98    | 0.09%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XGTV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    187699 | PA      | $179758.47    | 0.14%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                        | GS Mortgage-Backed Securities Trust 2021-PJ7                                    | CUSIP: 36262CAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75558 | PA      | $62630.55     | 0.05%             | 2052-01-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                     | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              |  | US        |     25000 | PA      | $24753.77     | 0.02%             | 2029-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Teledyne Technologies Inc                                  | Teledyne Technologies Inc                                                       | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      1094 | NS      | $641127.76    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                                              | DTE Energy Co                                                                   | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46109.26     | 0.04%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                           | Genuine Parts Co                                                                | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      4849 | NS      | $672071.40    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Time Warner Cable LLC                                      | Time Warner Cable LLC                                                           | CUSIP: 88732JAN8<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    165000 | PA      | $180294.04    | 0.14%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133BMRK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    289804 | PA      | $295457.12    | 0.24%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94450.60     | 0.08%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114630.91    | 0.09%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                 | JPMBB Commercial Mortgage Securities Trust 2015-C33                             | CUSIP: 46645JAD4<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |    115419 | PA      | $115129.07    | 0.09%             | 2048-12-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                          | State Street Corp                                                               | CUSIP: 857477DB6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35931.47     | 0.03%             | 2030-04-24      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418D2S0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    231301 | PA      | $218092.16    | 0.17%             | 2036-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                          | Johnson & Johnson                                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3495 | NS      | $648042.90    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                                 | NetApp Inc                                                                      | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      4290 | NS      | $508193.40    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58529.86     | 0.05%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                     | General Motors Financial Co Inc                                                 | CUSIP: 37045XEY8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17593.11     | 0.01%             | 2031-06-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ASML Holding NV                                            | ASML Holding NV                                                                 | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       103 | NS      | $100139.83    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | Philip Morris International Inc                                                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3905 | NS      | $633391.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XCB80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24699 | PA      | $21083.59     | 0.02%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                          | NatWest Group PLC                                                               | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $615231.63    | 0.49%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                          | EOG Resources Inc                                                               | CUSIP: 26875PBA8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88989.24     | 0.07%             | 2055-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41619.56     | 0.03%             | 2030-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20755TAC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    120000 | PA      | $119999.51    | 0.10%             | 2045-05-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                           | Wells Fargo & Co                                                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      7300 | NS      | $611886.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X4W77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22080 | PA      | $22180.42     | 0.02%             | 2048-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QKQH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18806 | PA      | $15964.51     | 0.01%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Connecticut Avenue Securities Trust 2025-R05                                    | CUSIP: 20753CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $50082.07     | 0.04%             | 2045-07-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE INSURANCE C                                   | Pacific Life Insurance Co                                                       | CUSIP: 69448FAB7<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62001.92     | 0.05%             | 2055-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                     | Regions Financial Corp                                                          | CUSIP: 7591EPAV2<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    285000 | PA      | $292999.76    | 0.23%             | 2035-09-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140Q7SL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26916 | PA      | $23757.33     | 0.02%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                                | Paychex Inc                                                                     | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      3379 | NS      | $428322.04    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                     | ConocoPhillips Co                                                               | CUSIP: 20826FBL9<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227935.99    | 0.18%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60622.34     | 0.05%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                            | Caterpillar Inc                                                                 | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72422.64     | 0.06%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QNUY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116170 | PA      | $98832.11     | 0.08%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust              | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2                   | CUSIP: 46590MAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $57532.56     | 0.05%             | 2049-08-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132D6CX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    190029 | PA      | $189865.58    | 0.15%             | 2037-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                 | AbbVie Inc                                                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      3781 | NS      | $875452.74    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                      | Foundry JV Holdco LLC                                                           | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $212480.53    | 0.17%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Asahi Group Holdings Ltd                                   | Asahi Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |      1700 | NS      | $20410.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                                         | Publicis Groupe SA                                                              | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |       428 | NS      | $41043.68     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132CWKJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    107322 | PA      | $103310.21    | 0.08%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                     | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBL0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19670.27     | 0.02%             | 2028-10-25      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KPY85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    276714 | PA      | $277023.10    | 0.22%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings PLC                            | Seagate Technology Holdings PLC                                                 | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      3924 | NS      | $926299.44    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418FJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    777919 | PA      | $795012.05    | 0.64%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Unilever PLC                                               | Unilever PLC                                                                    | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |       806 | NS      | $47695.51     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                   | AT&T Inc                                                                        | CUSIP: 00206RAG7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     35000 | PA      | $38091.50     | 0.03%             | 2038-01-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Artisan Partners Asset Management Inc                      | Artisan Partners Asset Management Inc                                           | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      4147 | NS      | $179979.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FannieMae Grantor Trust                                    | Fannie Mae Grantor Trust 2001-T7                                                | CUSIP: 31359S6X3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        12 | PA      | $12.49        | 0.00%             | 2041-02-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SAP SE                                                     | SAP SE                                                                          | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       421 | NS      | $112645.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                          | State Street Corp                                                               | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61906.02     | 0.05%             | 2030-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                     | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144502.42    | 0.12%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                                        | Amadeus IT Group SA                                                             | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |      1395 | NS      | $110551.55    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                        | Citigroup Commercial Mortgage Trust 2020-555                                    | CUSIP: 17328EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $90362.66     | 0.07%             | 2041-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                   | Rogers Communications Inc                                                       | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $207969.52    | 0.17%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146852.60    | 0.12%             | 2030-07-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                          | Kinder Morgan Inc                                                               | CUSIP: 49455LX13<br>LEI: 549300WR7IX8XE0TBO16 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1500000.00   | 1.20%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                               | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1350 | NS      | $654777.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                     | Blue Owl Credit Income Corp                                                     | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52128.07     | 0.04%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                       | WEC Energy Group Inc                                                            | CUSIP: 92939UAE6<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     14000 | PA      | $12392.55     | 0.01%             | 2030-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41736.07     | 0.03%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN                                   | Teledyne Technologies Inc                                                       | CUSIP: 879360AE5<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59707.22     | 0.05%             | 2031-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                   | Ginnie Mae I Pool                                                               | CUSIP: 3617MN3S0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14482 | PA      | $12817.30     | 0.01%             | 2050-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                     | Aviation Capital Group LLC                                                      | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    165000 | PA      | $162045.51    | 0.13%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                            | Caterpillar Inc                                                                 | CUSIP: 149123CM1<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56168.20     | 0.04%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Masco Corp                                                 | Masco Corp                                                                      | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      6172 | NS      | $434447.08    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418DXR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    103399 | PA      | $89380.35     | 0.07%             | 2041-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Notes                                                             | CUSIP: 91282CNU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1300000.00   | 1.04%             | 2028-08-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                                             | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1485000 | PA      | $990773.44    | 0.79%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                                   | eBay Inc                                                                        | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      3664 | NS      | $333240.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG Resources Inc                                                               | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       832 | NS      | $93283.84     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                      | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20535.83     | 0.02%             | 2027-10-26      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                                            | Nevada Power Co                                                                 | CUSIP: 641423CE6<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    165000 | PA      | $108881.20    | 0.09%             | 2050-08-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                                                   | NIKE Inc                                                                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     11248 | NS      | $784323.04    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Commercial Mortgage Trust                               | CD 2019-CD8 Mortgage Trust                                                      | CUSIP: 12515BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $369897.04    | 0.30%             | 2057-08-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XK2J8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16535 | PA      | $16517.25     | 0.01%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                    | Simon Property Group LP                                                         | CUSIP: 828807EA1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |     45000 | PA      | $45524.24     | 0.04%             | 2035-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                              | AEP Texas Inc                                                                   | CUSIP: 00108WAR1<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20567.60     | 0.02%             | 2033-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                        | COMM 2016-CR28 Mortgage Trust                                                   | CUSIP: 12593YBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44523 | PA      | $44445.16     | 0.04%             | 2049-02-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                        | Dominion Energy Inc                                                             | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40261.75     | 0.03%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                            | CVS Health Corp                                                                 | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35428.28     | 0.03%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                              | Ballyrock CLO 27 Ltd                                                            | CUSIP: 05874UAG0<br>LEI: 254900WCB773D35B5908 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $150264.30    | 0.12%             | 2037-10-25      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1445 | NS      | $290343.85    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY INC                                                | Workday Inc                                                                     | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143230.99    | 0.11%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         5 | NC      | $16596.07     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                                   | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61272.60     | 0.05%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    802070 | PA      | $821730.52    | 0.66%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    155000 | PA      | $175607.68    | 0.14%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                        | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30897.85     | 0.02%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                      | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25863.03     | 0.02%             | 2036-11-03      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                   | Prudential Financial Inc                                                        | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149048.07    | 0.12%             | 2035-03-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                 | Leidos Inc                                                                      | CUSIP: 52532XAK1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150638.05    | 0.12%             | 2032-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PPG Industries Inc                                         | PPG Industries Inc                                                              | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      5600 | NS      | $588616.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS INC                                                 | Leidos Inc                                                                      | CUSIP: 52532XAL9<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113973.83    | 0.09%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buckle Inc/The                                             | Buckle Inc/The                                                                  | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |      7229 | NS      | $424053.14    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DWFG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35418 | PA      | $35332.46     | 0.03%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE REG FINANCE                                     | Blackstone Reg Finance Co LLC                                                   | CUSIP: 092914AA8<br>LEI: 254900S2G1V55FTA4590 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60626.22     | 0.05%             | 2034-12-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2022-B34 Mortgage Trust                                               | CUSIP: 08161YBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35000 | PA      | $32590.25     | 0.03%             | 2055-04-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                     | Extra Space Storage LP                                                          | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     75000 | PA      | $77178.05     | 0.06%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                      | Truist Financial Corp                                                           | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     14183 | NS      | $648446.76    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51730.39     | 0.04%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc/OH                               | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     22182 | NS      | $383083.14    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC                                        | Dominion Energy Inc                                                             | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    185000 | PA      | $200593.10    | 0.16%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                    | HCA Inc                                                                         | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66676.38     | 0.05%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137H9C98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $96353.86     | 0.08%             | 2032-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5156.50      | 0.00%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Dell Technologies Inc                                      | Dell Technologies Inc                                                           | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      3476 | NS      | $492792.52    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | Alphabet Inc                                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5822 | NS      | $1415328.20   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| OGLETHORPE POWER CORP                                      | Oglethorpe Power Corp                                                           | CUSIP: 677050AU0<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221036.07    | 0.18%             | 2053-12-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                   | Ginnie Mae II Pool                                                              | CUSIP: 3622AC5Q9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    113814 | PA      | $115406.19    | 0.09%             | 2054-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Man GLG US CLO 2018-1 Ltd                                  | Man GLG US CLO                                                                  | CUSIP: 26829CAY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      9604 | PA      | $9604.98      | 0.01%             | 2030-04-22      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                               | CD 2016-CD2 Mortgage Trust                                                      | CUSIP: 12515ABD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56780 | PA      | $56215.81     | 0.04%             | 2049-11-10      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    548237 | PA      | $534630.24    | 0.43%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                     | Blue Owl Credit Income Corp                                                     | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71997.74     | 0.06%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                                               | Prologis Inc                                                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      5600 | NS      | $641312.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                                        | Henkel AG & Co KGaA                                                             | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |       919 | NS      | $74124.04     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DPCK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    106856 | PA      | $108871.02    | 0.09%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                                             | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    230000 | PA      | $238840.63    | 0.19%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sodexo SA                                                  | Sodexo SA                                                                       | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      1343 | NS      | $84434.96     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                           | Roche Holding AG                                                                | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       286 | NS      | $93375.29     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitas AB                                               | Securitas AB                                                                    | CUSIP: 000000000<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |      7038 | NS      | $105857.07    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2020-B20 Mortgage Trust                                               | CUSIP: 08162XBG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $43957.71     | 0.04%             | 2053-10-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                    | American Electric Power Co Inc                                                  | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49824.80     | 0.04%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                           | Black Hills Corp                                                                | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44997.86     | 0.04%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                   | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141549.79    | 0.11%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                          | Lam Research Corp                                                               | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5643 | NS      | $755597.70    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X6MU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42722 | PA      | $41256.54     | 0.03%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                      | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36851.20     | 0.03%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                           | Novo Nordisk A/S                                                                | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      1503 | NS      | $81472.93     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DWFF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     90295 | PA      | $87979.61     | 0.07%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                          | State Street Corp                                                               | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      3319 | NS      | $385037.19    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINL CO                                     | General Motors Financial Co Inc                                                 | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118692.32    | 0.09%             | 2032-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                                       | Lockheed Martin Corp                                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       349 | NS      | $174224.29    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                            | CFCRE Commercial Mortgage Trust 2016-C7                                         | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95000 | PA      | $93957.79     | 0.08%             | 2054-12-10      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QEKE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99050 | PA      | $85248.54     | 0.07%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| H & M Hennes & Mauritz AB                                  | H & M Hennes & Mauritz AB                                                       | CUSIP: 000000000<br>LEI: 529900O5RR7R39FRDM42 | Long             | EC               | CORP              | SE        |      2294 | NS      | $42703.04     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                             | Lowe's Cos Inc                                                                  | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2565 | NS      | $644610.15    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DQPF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125649 | PA      | $125288.29    | 0.10%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418EGF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    231788 | PA      | $226575.12    | 0.18%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                  | ONEOK Inc                                                                       | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    180000 | PA      | $192881.15    | 0.15%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2022-B33 Mortgage Trust                                               | CUSIP: 08163PBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275000 | PA      | $254260.16    | 0.20%             | 2055-03-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Kao Corp                                                   | Kao Corp                                                                        | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |      1600 | NS      | $69794.77     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                                | CDW Corp/DE                                                                     | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      3295 | NS      | $524827.60    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20755CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    224100 | PA      | $224899.93    | 0.18%             | 2043-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                         | Union Pacific Corp                                                              | CUSIP: 907818GH5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86319.05     | 0.07%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HB2L7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60000 | PA      | $60843.96     | 0.05%             | 2030-10-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                             | Microsoft Corp                                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5473 | NS      | $2834740.35   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418EHF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    217058 | PA      | $212175.97    | 0.17%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                         | Union Pacific Corp                                                              | CUSIP: 907818GG7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61686.83     | 0.05%             | 2035-02-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26142.38     | 0.02%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                         | VICI Properties LP                                                              | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |     30000 | PA      | $30717.29     | 0.02%             | 2035-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Kering SA                                                  | Kering SA                                                                       | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |       144 | NS      | $47768.83     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE CAPITAL INC                                      | Accenture Capital Inc                                                           | CUSIP: 00440KAC7<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64902.96     | 0.05%             | 2031-10-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc                                      | Applied Materials Inc                                                           | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1982 | NS      | $405794.68    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Gracechurch Mortgage Finance Plc                           | Grace Trust 2020-GRCE                                                           | CUSIP: 38406JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $532478.88    | 0.43%             | 2040-12-10      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                  | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55187.06     | 0.04%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31822 | PA      | $30100.00     | 0.02%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                   | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62778.76     | 0.05%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                                | NVIDIA Corp                                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     21292 | NS      | $3972661.36   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                            | Best Buy Co Inc                                                                 | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      5428 | NS      | $410465.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | Chevron Corp                                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5419 | NS      | $841516.51    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GM Financial Automobile Leasing Trust                      | GM Financial Automobile Leasing Trust 2024-1                                    | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497213 | PA      | $498807.52    | 0.40%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                    | KeyCorp                                                                         | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     28458 | NS      | $531880.02    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DWHE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    537621 | PA      | $535522.77    | 0.43%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KPZH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    102422 | PA      | $104720.32    | 0.08%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                           | T-Mobile USA Inc                                                                | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25728.94     | 0.02%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    354975 | PA      | $345908.50    | 0.28%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                        | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $188360.37    | 0.15%             | 2028-12-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     52000 | PA      | $55269.03     | 0.04%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DNGF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    392510 | PA      | $335417.99    | 0.27%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                   | First Citizens BancShares Inc/NC                                                | CUSIP: 319626AA5<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15957.72     | 0.01%             | 2035-09-05      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114770.14    | 0.09%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                               | Alphabet Inc                                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1949 | NS      | $474678.95    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    325000 | PA      | $324962.45    | 0.26%             | 2026-04-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                   | Ginnie Mae II Pool                                                              | CUSIP: 36179XFJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     62768 | PA      | $62812.70     | 0.05%             | 2052-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                   | New York Life Global Funding                                                    | CUSIP: 64953BBF4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147046.95    | 0.12%             | 2026-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Cigna Group/The                                            | Cigna Group/The                                                                 | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1703 | NS      | $490889.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XMYJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137512 | PA      | $122248.46    | 0.10%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73854.21     | 0.06%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                     | Blackstone Private Credit Fund                                                  | CUSIP: 09261HBY2<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44476.34     | 0.04%             | 2030-09-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund                      | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    391223 | NS      | $391223.26    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Bank                                                | Truist Bank                                                                     | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    522000 | PA      | $525902.35    | 0.42%             | 2029-09-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours Inc                                      | DuPont de Nemours Inc                                                           | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      8033 | NS      | $625770.70    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                                                  | adidas AG                                                                       | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |       204 | NS      | $42967.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KPN95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    115255 | PA      | $115498.48    | 0.09%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Gold Pool                                                           | CUSIP: 31335BWN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    137066 | PA      | $135528.95    | 0.11%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos Inc                                   | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      3020 | NS      | $608620.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                              | Principal Financial Group Inc                                                   | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      5506 | NS      | $456502.46    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                                  | ONEOK Inc                                                                       | CUSIP: 682680CF8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     95000 | PA      | $89686.68     | 0.07%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KYX79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    113772 | PA      | $115676.08    | 0.09%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                         | Smith & Nephew PLC                                                              | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |      5617 | NS      | $101038.77    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XLL71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37760 | PA      | $39790.34     | 0.03%             | 2042-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                     | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31097.57     | 0.02%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140J9T68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    247550 | PA      | $224485.92    | 0.18%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DVLV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    115272 | PA      | $98751.00     | 0.08%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Gas LLC                                          | Wisconsin Gas LLC                                                               | CUSIP: 97670RX18<br>LEI: 549300FGW43XR75F1O70 | Long             | STIV             | CORP              | US        |   1550000 | PA      | $1550000.00   | 1.24%             | 2025-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26787.65     | 0.02%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| REV Group Inc                                              | REV Group Inc                                                                   | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     10142 | NS      | $574747.14    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                           | Exxon Mobil Corp                                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     11976 | NS      | $1350294.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Credit Auto Owner Trust                               | Ford Credit Auto Owner Trust 2023-C                                             | CUSIP: 344940AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    534386 | PA      | $540056.87    | 0.43%             | 2028-09-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                        | CUSIP: 00206RNE8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44476.44     | 0.04%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                        | PFS Financing Corp                                                              | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $607066.32    | 0.49%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                      | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9006.05      | 0.01%             | 2026-10-21      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Air Liquide SA                                             | Air Liquide SA                                                                  | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       377 | NS      | $78281.26     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD FINANCE INC                                     | Brookfield Finance Inc                                                          | CUSIP: 11271LAQ5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $145765.44    | 0.12%             | 2036-01-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Nestle SA                                                  | Nestle SA                                                                       | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |       443 | NS      | $40663.29     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41303.70     | 0.03%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3138ESAD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    165882 | PA      | $172590.44    | 0.14%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                   | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $185206.73    | 0.15%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Connecticut Avenue Securities Series 2025-R01                                   | CUSIP: 20755JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     30000 | PA      | $30043.69     | 0.02%             | 2045-01-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                                          | Wolters Kluwer NV                                                               | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |       607 | NS      | $82774.15     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140J76A8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    378752 | PA      | $341344.77    | 0.27%             | 2047-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US LONG BOND(CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        20 | NC      | $-26828.46    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                            | American Financial Group Inc/OH                                                 | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      3507 | NS      | $511040.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                        | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44552.64     | 0.04%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2022-B35 Mortgage Trust                                               | CUSIP: 08163RBQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $122215.68    | 0.10%             | 2055-05-15      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                     | General Motors Financial Co Inc                                                 | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60357.13     | 0.05%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac STACR REMIC Trust 2024-DNA3                                         | CUSIP: 35564NFA6<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |    240000 | PA      | $240214.13    | 0.19%             | 2044-10-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                                       | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168556.61    | 0.13%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                      | Aon North America Inc                                                           | CUSIP: 03740MAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20831.07     | 0.02%             | 2031-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                | Citibank NA                                                                     | CUSIP: 17325FBG2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264947.63    | 0.21%             | 2034-04-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                    | HCA Inc                                                                         | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196133.66    | 0.16%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                        | Dow Chemical Co/The                                                             | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140697.54    | 0.11%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                 | JPMDB Commercial Mortgage Securities Trust 2016-C2                              | CUSIP: 46590LAT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $72757.19     | 0.06%             | 2049-06-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                            | TJX Cos Inc/The                                                                 | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4548 | NS      | $657367.92    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                             | Air Lease Corp                                                                  | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49225.99     | 0.04%             | 2028-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                        | Gilead Sciences Inc                                                             | CUSIP: 375558AX1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32691.55     | 0.03%             | 2044-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.           | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137H7M91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $225077.88    | 0.18%             | 2032-04-25      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                         | Athene Holding Ltd                                                              | CUSIP: 04686JAM3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56335.13     | 0.05%             | 2055-06-28      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                      | Cantor Commercial Real Estate Lending 2019-CF1                                  | CUSIP: 12529MAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $151317.36    | 0.12%             | 2052-05-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                            | CVS Health Corp                                                                 | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56607.71     | 0.05%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QADH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22674 | PA      | $22359.11     | 0.02%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DSV A/S                                                    | DSV A/S                                                                         | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |       325 | NS      | $64636.56     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                             | Hershey Co/The                                                                  | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      3500 | NS      | $654675.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134433.74    | 0.11%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust              | JP Morgan Chase Commercial Mortgage Securities Trust 2015-JP1                   | CUSIP: 46590KAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26833 | PA      | $26674.97     | 0.02%             | 2049-01-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                    | Southwestern Electric Power Co                                                  | CUSIP: 845437BR2<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    460000 | PA      | $458521.66    | 0.37%             | 2028-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46472.89     | 0.04%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| SWAP JP MORGAN BOC                                         | SWAP JP MORGAN BOC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | GB        |      2172 | NS      | $2549.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                     | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63477.80     | 0.05%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                     | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66763.84     | 0.05%             | 2031-02-11      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XK2G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26073 | PA      | $25733.00     | 0.02%             | 2050-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59815.43     | 0.05%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QGPL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    115637 | PA      | $98432.66     | 0.08%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                     | ConocoPhillips Co                                                               | CUSIP: 20826FBM7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44084.14     | 0.04%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                      | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBJ2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113091.07    | 0.09%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank                                                       | BANK 2017-BNK5                                                                  | CUSIP: 06541WBB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $48231.37     | 0.04%             | 2060-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                   | AT&T Inc                                                                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     22795 | NS      | $643730.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Gold Pool                                                           | CUSIP: 31335B5H5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    281068 | PA      | $263089.11    | 0.21%             | 2048-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Aimco                                                      | AIMCO CLO 17 Ltd                                                                | CUSIP: 00889JAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250609.50    | 0.20%             | 2037-07-20      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                               | Broadcom Inc                                                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      3935 | NS      | $1298195.85   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust                       | Toyota Auto Loan Extended Note Trust 2022-1                                     | CUSIP: 89231EAA1<br>LEI: 549300VJ12IVOF78MZ11 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99737.47     | 0.08%             | 2035-04-25      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                       | Bank of America Corp                                                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     14328 | NS      | $739181.52    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                      | Gildan Activewear Inc                                                           | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $144781.22    | 0.12%             | 2030-10-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418DXK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    716663 | PA      | $582310.28    | 0.47%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                               | Entegris Inc                                                                    | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39656.91     | 0.03%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31416YJD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5967 | PA      | $5895.94      | 0.00%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X6Q38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71451 | PA      | $67434.20     | 0.05%             | 2047-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                             | Home Depot Inc/The                                                              | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46078.92     | 0.04%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1238205 | PA      | $1153042.77   | 0.92%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    180000 | PA      | $180387.83    | 0.14%             | 2045-02-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XQFW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88754 | PA      | $90920.63     | 0.07%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                                         | Home Depot Inc/The                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1103 | NS      | $446924.57    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                      | CUSIP: 91159HJK7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35387.18     | 0.03%             | 2029-02-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                   | Corebridge Financial Inc                                                        | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     14568 | NS      | $466904.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Infrastructure Funding LLC                         | Diamond Infrastructure Funding LLC                                              | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $206197.08    | 0.16%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DNVR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    482860 | PA      | $457398.47    | 0.37%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                              | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57617.17     | 0.05%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KPR34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    144998 | PA      | $146323.52    | 0.12%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                    | Jefferies Financial Group Inc                                                   | CUSIP: 47233WBM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15617.40     | 0.01%             | 2028-07-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                     | BP Capital Markets America Inc                                                  | CUSIP: 10373QCA6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92959.47     | 0.07%             | 2034-11-17      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                                 | Anheuser-Busch InBev SA/NV                                                      | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      1403 | NS      | $83677.41     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                               | Enbridge Inc                                                                    | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $60907.38     | 0.05%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                              | Koninklijke Ahold Delhaize NV                                                   | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      1848 | NS      | $74744.29     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC                                        | Dominion Energy Inc                                                             | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36222.48     | 0.03%             | 2055-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Jacobs Solutions Inc                                       | Jacobs Solutions Inc                                                            | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4648 | NS      | $696549.28    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                        | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31095.73     | 0.02%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2021-B24 Mortgage Trust                                               | CUSIP: 08163CBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47000 | PA      | $41913.84     | 0.03%             | 2054-03-15      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        11 | NC      | $-8197.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                               | Enbridge Inc                                                                    | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $20192.26     | 0.02%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DVKS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56823 | PA      | $56213.01     | 0.04%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                               | Broadcom Inc                                                                    | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59897.66     | 0.05%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                        | Synchrony Financial                                                             | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      8291 | NS      | $589075.55    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                                               | KKR & Co Inc                                                                    | CUSIP: 48251WAB0<br>LEI: 54930013V5I303TF9571 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175316.40    | 0.14%             | 2035-08-07      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KYVG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    428063 | PA      | $384536.36    | 0.31%             | 2041-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                     | Blackstone Private Credit Fund                                                  | CUSIP: 09261HBU0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122105.90    | 0.10%             | 2029-11-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc                                                 | Kenvue Inc                                                                      | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     26900 | NS      | $436587.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KMJG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60696 | PA      | $54040.70     | 0.04%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132ADXY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     55826 | PA      | $54997.33     | 0.04%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36908.75     | 0.03%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Gold Pool                                                           | CUSIP: 31335BXV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54954 | PA      | $49647.65     | 0.04%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                               | Enbridge Inc                                                                    | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $212085.60    | 0.17%             | 2054-06-27      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X5TL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23134 | PA      | $22751.79     | 0.02%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank                                                       | BANK 2019-BNK20                                                                 | CUSIP: 06540AAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    395000 | PA      | $370007.09    | 0.30%             | 2062-09-15      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                     | BP Capital Markets America Inc                                                  | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55646.89     | 0.04%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                                   | CSX Corp                                                                        | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     19316 | NS      | $685911.16    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2019-B10 Mortgage Trust                                               | CUSIP: 08162VAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $205305.48    | 0.16%             | 2062-03-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QLRB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     95408 | PA      | $81690.83     | 0.07%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QQSQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85425 | PA      | $87140.14     | 0.07%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                             | Atlas Copco AB                                                                  | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |      2502 | NS      | $37459.31     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP                                             | Air Lease Corp                                                                  | CUSIP: 00914AAV4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36550.64     | 0.03%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                 | Fidelity National Information Services Inc                                      | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      7341 | NS      | $484065.54    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS                                     | Verizon Communications Inc                                                      | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     35000 | PA      | $22338.61     | 0.02%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                             | Home Depot Inc/The                                                              | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15248.26     | 0.01%             | 2027-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TCW Ltd                                                    | TCW CLO 2024-2 Ltd                                                              | CUSIP: 87252GAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251252.25    | 0.20%             | 2037-07-17      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                       | FREMF 2017-K71 Mortgage Trust                                                   | CUSIP: 35708WAS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     35000 | PA      | $34350.62     | 0.03%             | 2050-11-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                      | Wells Fargo Commercial Mortgage Trust 2016-BNK1                                 | CUSIP: 95000GAY0<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $59053.28     | 0.05%             | 2049-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc                                         | Analog Devices Inc                                                              | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2865 | NS      | $703930.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                                   | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56396.45     | 0.05%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                          | Ares Capital Corp                                                               | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99278.72     | 0.08%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                    | Charles Schwab Corp/The                                                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      7100 | NS      | $677837.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                                | MetLife Inc                                                                     | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      6145 | NS      | $506163.65    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                    | Jefferies Financial Group Inc                                                   | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $444710.66    | 0.36%             | 2031-10-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                               | Broadcom Inc                                                                    | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36071.04     | 0.03%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury STRIPS Principal                                                  | CUSIP: 912803EH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    635000 | PA      | $260649.84    | 0.21%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2022-B36 Mortgage Trust                                               | CUSIP: 08163QBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $24519.49     | 0.02%             | 2055-07-15      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                           | Duke Energy Corp                                                                | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4732 | NS      | $585585.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                               | Enbridge Inc                                                                    | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $35792.30     | 0.03%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                   | AT&T Inc                                                                        | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    175000 | PA      | $121048.02    | 0.10%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                         | Meta Platforms Inc                                                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1471 | NS      | $1080272.98   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                                 | Pfizer Inc                                                                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     19862 | NS      | $506083.76    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                            | Ross Stores Inc                                                                 | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2898 | NS      | $441626.22    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                     | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25097.67     | 0.02%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                                              | SOFTBANK CORP                                                                   | CUSIP: 83405KAA0<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201525.78    | 0.16%             | 2030-07-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                   | Mars Inc                                                                        | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50721.31     | 0.04%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                                 | Verizon Communications Inc                                                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     13034 | NS      | $572844.30    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Inflation-Indexed Notes                                           | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3326668 | PA      | $3424625.32   | 2.74%             | 2035-01-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                    | Jefferies Financial Group Inc                                                   | CUSIP: 472319AM4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     15000 | PA      | $16100.71     | 0.01%             | 2043-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Makita Corp                                                | Makita Corp                                                                     | CUSIP: 000000000<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |      2300 | NS      | $74745.92     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16864.40     | 0.01%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                   | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45537.76     | 0.04%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QAJA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37130 | PA      | $36599.81     | 0.03%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                        | Quanta Services Inc                                                             | CUSIP: 74762EAM4<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80377.51     | 0.06%             | 2028-08-09      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                     | Verizon Communications Inc                                                      | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147452.51    | 0.12%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pluxee NV                                                  | Pluxee NV                                                                       | CUSIP: 000000000<br>LEI: 213800RQNIQT48SEEO85 | Long             | EC               | CORP              | NL        |      2073 | NS      | $36774.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                             | Blackstone Inc                                                                  | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      2952 | NS      | $504349.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                                 | Dover Corp                                                                      | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      3343 | NS      | $557712.69    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                        | Cardinal Health Inc                                                             | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3201 | NS      | $502428.96    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                                | Cencora Inc                                                                     | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1760 | NS      | $550052.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133B0SH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93307 | PA      | $80147.75     | 0.06%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank                                                       | BANK 2020-BNK25                                                                 | CUSIP: 06539WBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $460957.30    | 0.37%             | 2063-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QMVA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145668 | PA      | $123263.94    | 0.10%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                     | Blackstone Private Credit Fund                                                  | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36115.62     | 0.03%             | 2032-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HENNEMAN TRUST                                             | Henneman Trust                                                                  | CUSIP: 425911AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $106652.45    | 0.09%             | 2055-05-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                          | Ares Capital Corp                                                               | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    102000 | PA      | $103899.26    | 0.08%             | 2032-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                        | Citigroup Commercial Mortgage Trust 2016-P3                                     | CUSIP: 29429CAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $143695.07    | 0.11%             | 2049-04-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                           | Altria Group Inc                                                                | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      9448 | NS      | $624134.88    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210133.69    | 0.17%             | 2026-10-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                 | US Bancorp                                                                      | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66666.12     | 0.05%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TPG OPERATING GROUP II                                     | TPG Operating Group II LP                                                       | CUSIP: 872652AB8<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170438.16    | 0.14%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 10YR NOTE (CBT)DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        15 | NC      | $7465.80      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP                                             | Air Lease Corp                                                                  | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    410000 | PA      | $408188.05    | 0.33%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                          | Kinder Morgan Inc                                                               | CUSIP: 49456BBA8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60426.25     | 0.05%             | 2054-08-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                                             | Starbucks Corp                                                                  | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      2395 | NS      | $202617.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP                                              | Amphenol Corp                                                                   | CUSIP: 032095AL5<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    205000 | PA      | $181924.69    | 0.15%             | 2031-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                               | Citizens Financial Group Inc                                                    | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     12570 | NS      | $668221.20    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac Stacr Remic Trust 2025-Dna3                                         | CUSIP: 35564UAS6<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $50031.25     | 0.04%             | 2045-09-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                                | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248622.17    | 0.20%             | 2026-05-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KPYT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    218080 | PA      | $206042.82    | 0.16%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X4W69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23687 | PA      | $23751.71     | 0.02%             | 2046-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140J9T84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    113247 | PA      | $102343.54    | 0.08%             | 2048-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                             | Morgan Stanley Capital I Trust 2019-L3                                          | CUSIP: 61691UBE8<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $94320.18     | 0.08%             | 2052-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                                   | Berkshire Hathaway Energy Co                                                    | CUSIP: 084659BC4<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $31733.91     | 0.03%             | 2051-05-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| PulteGroup Inc                                             | PulteGroup Inc                                                                  | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3964 | NS      | $523763.32    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                                         | Meta Platforms Inc                                                              | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29639.45     | 0.02%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DPNP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     63462 | PA      | $65837.06     | 0.05%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                           | Bank of New York Mellon Corp/The                                                | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      6251 | NS      | $681108.96    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                           | T-Mobile USA Inc                                                                | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51073.19     | 0.04%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 31329QHG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18863 | PA      | $18593.78     | 0.01%             | 2049-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XCLU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39090 | PA      | $33469.92     | 0.03%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     77000 | PA      | $82085.31     | 0.07%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X65P2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82924 | PA      | $74654.33     | 0.06%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                          | State Street Corp                                                               | CUSIP: 857477CL5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50769.62     | 0.04%             | 2027-03-18      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45982.85     | 0.04%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                       | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46084.79     | 0.04%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Monolithic Power Systems Inc                               | Monolithic Power Systems Inc                                                    | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       551 | NS      | $507272.64    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                               | QUALCOMM Inc                                                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      3307 | NS      | $550152.52    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES LP                                         | VICI Properties LP                                                              | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    235000 | PA      | $237725.71    | 0.19%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust                    | DBJPM 16-C1 Mortgage Trust                                                      | CUSIP: 23312LAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75000 | PA      | $74417.70     | 0.06%             | 2049-05-10      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KPYY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    212033 | PA      | $207427.22    | 0.17%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Diageo PLC                                                 | Diageo PLC                                                                      | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |      3351 | NS      | $80017.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418EPB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    391488 | PA      | $381408.07    | 0.31%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133APYB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44635 | PA      | $37750.65     | 0.03%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                            | CVS Health Corp                                                                 | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61056.14     | 0.05%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35741.67     | 0.03%             | 2031-05-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                         | Energy Transfer LP                                                              | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232164.39    | 0.19%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                        | JPMorgan Chase & Co                                                             | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     21000 | PA      | $23140.42     | 0.02%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                   | Constellation Energy Generation LLC                                             | CUSIP: 210385AF7<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136786.08    | 0.11%             | 2054-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                  | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250719.51    | 0.20%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                    | Simon Property Group LP                                                         | CUSIP: 828807DZ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    125000 | PA      | $125286.02    | 0.10%             | 2030-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                                   | Ameriprise Financial Inc                                                        | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       863 | NS      | $423948.75    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                      | Northrop Grumman Corp                                                           | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52366.96     | 0.04%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KYWX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    166067 | PA      | $153636.38    | 0.12%             | 2042-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                             | Morgan Stanley                                                                  | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     74000 | PA      | $77114.58     | 0.06%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                     | Aviation Capital Group LLC                                                      | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46092.73     | 0.04%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                   | Benchmark 2022-B32 Mortgage Trust                                               | CUSIP: 08163NBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $208843.10    | 0.17%             | 2055-01-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp                                        | Otis Worldwide Corp                                                             | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      4428 | NS      | $404852.04    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XHBG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    251106 | PA      | $223161.22    | 0.18%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140J7RS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15682 | PA      | $16316.26     | 0.01%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                      | Northrop Grumman Corp                                                           | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1005 | NS      | $612366.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                                        | Electronic Arts Inc                                                             | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      3953 | NS      | $797320.10    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                              | McKesson Corp                                                                   | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       731 | NS      | $564726.74    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140QQUN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77600 | PA      | $79167.78     | 0.06%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                               | UBS Group AG                                                                    | CUSIP: 902613BN7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $206236.60    | 0.16%             | 2029-09-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    227375 | PA      | $229614.49    | 0.18%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corp                                     | Regions Financial Corp                                                          | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      5998 | NS      | $158167.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODSIDE FINANCE LTD                                       | Woodside Finance Ltd                                                            | CUSIP: 980236AU7<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     60000 | PA      | $62295.07     | 0.05%             | 2032-05-19      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                            | Knorr-Bremse AG                                                                 | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |       434 | NS      | $40686.61     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                   | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     35000 | PA      | $35351.38     | 0.03%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                      | Aon North America Inc                                                           | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10070.81     | 0.01%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                               | Enbridge Inc                                                                    | CUSIP: 29250NCK9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $56719.49     | 0.05%             | 2035-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust             | Morgan Stanley Residential Mortgage Loan Trust 2021-4                           | CUSIP: 61772MAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72966 | PA      | $60481.82     | 0.05%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac STACR REMIC Trust 2023-HQA3                                         | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |    132975 | PA      | $134482.53    | 0.11%             | 2043-11-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                  | Apple Inc                                                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     12985 | NS      | $3306370.55   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                     | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50135.75     | 0.04%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                                   | Aon Corp / Aon Global Holdings PLC                                              | CUSIP: 03740LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     85000 | PA      | $53657.78     | 0.04%             | 2051-08-23      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                     | Sequoia Mortgage Trust 2015-1                                                   | CUSIP: 81745QCB6<br>LEI: 5493007E0SBYHIR7SU85 | Long             | ABS-MBS          | CORP              | US        |      3026 | PA      | $2946.53      | 0.00%             | 2045-01-25      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                   | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $99576.12     | 0.08%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XFU74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    237678 | PA      | $202716.43    | 0.16%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XHWY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    111733 | PA      | $99296.42     | 0.08%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KDDI Corp                                                  | KDDI Corp                                                                       | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |      1800 | NS      | $28731.11     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                             | NRG Energy Inc                                                                  | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69977.85     | 0.06%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62999.81     | 0.05%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                           | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     40776 | PA      | $41009.84     | 0.03%             | 2045-03-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                                   | Aon Corp / Aon Global Holdings PLC                                              | CUSIP: 03740LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    150000 | PA      | $154385.03    | 0.12%             | 2032-09-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co Ltd                                  | Seven & i Holdings Co Ltd                                                       | CUSIP: 000000000<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |      1700 | NS      | $22887.38     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                            | Domino's Pizza Master Issuer LLC                                                | CUSIP: 25755TAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340375 | PA      | $321776.03    | 0.26%             | 2051-04-25      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XGTC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90558 | PA      | $91333.48     | 0.07%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                  | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C26                     | CUSIP: 61690VAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7501 | PA      | $7460.52      | 0.01%             | 2048-10-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                   | Vistra Operations Co LLC                                                        | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21086.14     | 0.02%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133A0K78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24642 | PA      | $22142.36     | 0.02%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                | Oracle Corp                                                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80440.51     | 0.06%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                                   | Prudential Financial Inc                                                        | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      1695 | NS      | $175839.30    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC                                             | Lowe's Cos Inc                                                                  | CUSIP: 548661EV5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54644.06     | 0.04%             | 2031-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                   | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAH1<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46336.83     | 0.04%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                             | Eli Lilly & Co                                                                  | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148106.97    | 0.12%             | 2055-02-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                   | JP Morgan Mortgage Trust 2021-10                                                | CUSIP: 46654AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75473 | PA      | $62560.20     | 0.05%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    591740 | PA      | $597031.39    | 0.48%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                        | Fifth Third Bancorp                                                             | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      5740 | NS      | $255717.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE CAPITAL INC                                      | Accenture Capital Inc                                                           | CUSIP: 00440KAB9<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129876.05    | 0.10%             | 2029-10-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                               | GS Mortgage Securities Trust 2019-GC39                                          | CUSIP: 36260JAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20000 | PA      | $18804.74     | 0.02%             | 2052-05-10      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                      | Wells Fargo & Co                                                                | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44859.64     | 0.04%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Interpublic Group of Cos Inc/The                           | Interpublic Group of Cos Inc/The                                                | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |      2701 | NS      | $75384.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECH INC                                     | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAB3<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30492.55     | 0.02%             | 2031-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Travelers Cos Inc/The                                      | Travelers Cos Inc/The                                                           | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      2238 | NS      | $624894.36    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XF5E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39721 | PA      | $39755.38     | 0.03%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140XGUS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13165 | PA      | $12811.25     | 0.01%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                     | Aviation Capital Group LLC                                                      | CUSIP: 05369AAT8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249771.08    | 0.20%             | 2030-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                       | Bank of America Corp                                                            | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    161000 | PA      | $164912.08    | 0.13%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -24 | NC      | $18976.53     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418DP97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    744024 | PA      | $606398.25    | 0.48%             | 2050-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                          | Sysco Corp                                                                      | CUSIP: 871829BU0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41240.01     | 0.03%             | 2030-09-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Bank                                                       | BANK 2019-BNK21                                                                 | CUSIP: 06540BBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $211178.70    | 0.17%             | 2052-10-17      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Vanguard S&P 500 ETF                                       | Vanguard S&P 500 ETF                                                            | CUSIP: 922908363<br>LEI: 549300D8V8ZP5GRJOC71 | Long             | EC               | RF                | US        |      1579 | NS      | $966948.02    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                       | Booking Holdings Inc                                                            | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        97 | NS      | $523729.19    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD                                         | Athene Holding Ltd                                                              | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58857.90     | 0.05%             | 2055-05-19      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3133KMZB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    260393 | PA      | $222833.41    | 0.18%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                             | Merck & Co Inc                                                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     12583 | NS      | $1056091.19   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                                        | Freddie Mac STACR REMIC Trust 2025-DNA2                                         | CUSIP: 35564NJA2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |     35000 | PA      | $35022.82     | 0.03%             | 2045-05-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65432.17     | 0.05%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Bank                                                       | BANK 2017-BNK5                                                                  | CUSIP: 06541WAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70000 | PA      | $68956.23     | 0.06%             | 2060-06-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| SIGA Technologies Inc                                      | SIGA Technologies Inc                                                           | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60461 | NS      | $553218.15    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                         | Expand Energy Corp                                                              | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2003 | NS      | $212798.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                                              | Coloplast A/S                                                                   | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      1011 | NS      | $86342.98     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Mississippi LLC                                    | Entergy Mississippi LLC                                                         | CUSIP: 29364NAT5<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160153.80    | 0.13%             | 2028-06-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                              | AEP Texas Inc                                                                   | CUSIP: 00108WAK6<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |     20000 | PA      | $13863.24     | 0.01%             | 2050-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132D9RQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    131899 | PA      | $113955.96    | 0.09%             | 2042-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140J9FX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12775 | PA      | $13315.83     | 0.01%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                        | JPMorgan Chase & Co                                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       181 | NS      | $57092.83     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 31346YFR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6081 | PA      | $5405.30      | 0.00%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                               | Broadcom Inc                                                                    | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35804.57     | 0.03%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HP Inc                                                     | HP Inc                                                                          | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     13422 | NS      | $365481.06    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                   | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CE0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    265000 | PA      | $262773.19    | 0.21%             | 2044-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                               | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169964.17    | 0.14%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                     | Chubb INA Holdings LLC                                                          | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50297.23     | 0.04%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                   | Apollo Debt Solutions BDC                                                       | CUSIP: 03770DAD5<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    205000 | PA      | $217261.36    | 0.17%             | 2031-07-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                 | JPMDB Commercial Mortgage Securities Trust 2017-C7                              | CUSIP: 46648KAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $190440.32    | 0.15%             | 2050-10-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                      | Northrop Grumman Corp                                                           | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $81478.85     | 0.07%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| General Motors                                             | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $171457.36    | 0.14%             | 2028-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31418ES68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    138909 | PA      | $142490.35    | 0.11%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Intertek Group PLC                                         | Intertek Group PLC                                                              | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |      1097 | NS      | $69666.25     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                    | Bristol-Myers Squibb Co                                                         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      9396 | NS      | $423759.60    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                                             | Amazon.com Inc                                                                  | CUSIP: 023135BS4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    375000 | PA      | $336019.27    | 0.27%             | 2030-06-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 31410LFB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10651 | PA      | $10660.65     | 0.01%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                   | JP Morgan Mortgage Trust 2014-2                                                 | CUSIP: 46641YAQ6<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     31567 | PA      | $30638.46     | 0.02%             | 2029-06-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                         | Royalty Pharma PLC                                                              | CUSIP: 78081BAJ2<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     90000 | PA      | $85991.04     | 0.07%             | 2027-09-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                | Freddie Mac Pool                                                                | CUSIP: 3132A5HR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     64340 | PA      | $61651.58     | 0.05%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                             | Eli Lilly & Co                                                                  | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67240.67     | 0.05%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                              | Citigroup Inc                                                                   | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85045.95     | 0.07%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                 | Fannie Mae Pool                                                                 | CUSIP: 3140X6FL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4177 | PA      | $3750.69      | 0.00%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                 | AbbVie Inc                                                                      | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25080.47     | 0.02%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                        | Gilead Sciences Inc                                                             | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      5318 | NS      | $590298.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                      | Northrop Grumman Corp                                                           | CUSIP: 666807BH4<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13885.02     | 0.01%             | 2043-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                                   | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EP1<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86661.20     | 0.07%             | 2052-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-18

**Name of Applicant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP