# EDGAR Filing Document

**Accession Number:** 0000889284
**File Stem:** 0001752724-23-046763
**Filing Date:** 2023-2
**Character Count:** 100178
**Document Hash:** c966b4cd7c287e5eacfe2d26825d03f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046763.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046763

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING CAPITAL FUNDS
- **CENTRAL INDEX KEY:** 0000889284
- **IRS NUMBER:** 043331055
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06719
- **FILM NUMBER:** 23683016

**BUSINESS ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612
- **BUSINESS PHONE:** 8002281872

**MAIL ADDRESS:**
- **STREET 1:** 3605 GLENWOOD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T FUNDS /
- **DATE OF NAME CHANGE:** 20010419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BB&T MUTUAL FUNDS GROUP
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### STERLING CAPITAL SHORT DURATION BOND FUND (Series ID: S000003547)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009857 | INSTITUTIONAL CLASS | BBSGX           |
| C000009858 | A CLASS             | BSGAX           |
| C000112497 | C Shares            | BBSCX           |
| C000225245 | R6 Shares           | SHTRX           |

## Nport-Ex

Sterling

Capital

Short

Duration

Bond

Fund

Schedule

of

Portfolio

Investments

December

31,

2022

(Unaudited)

See

accompanying

Notes

to

the

Schedule

of

Portfolio

Investments.

Principal

Amount

Fair

Value

ASSET

BACKED

SECURITIES

—

18.2%

$

205,000

Ally

Auto

Receivables

Trust,

Series

2022-3,

Class

A4,

5.070%,

6/15/31

..........

$

205,376

359,217

AmeriCredit

Automobile

Receivables

Trust,

Series

2018-3,

Class

C,

3.740%,

10/18/24

.......................

358,930

2,309,000

AmeriCredit

Automobile

Receivables

Trust,

Series

2021-1,

Class

B,

0.680%,

10/19/26

.......................

2,197,440

854,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2019-2A,

Class

A,

3.350%,

9/22/25(a)

.....................

825,293

975,000

Avis

Budget

Rental

Car

Funding

AESOP,

LLC,

Series

2020-2A,

Class

A,

2.020%,

2/20/27(a)

.....................

884,409

753,000

BA

Credit

Card

Trust,

Series

2022-A2,

Class

A2,

5.000%,

4/17/28

..........

760,950

1,000,000

CarMax

Auto

Owner

Trust,

Series

2022-1,

Class

A4,

1.700%,

8/16/27

..........

911,195

421,427

CarMax

Auto

Owner

Trust,

Series

2022-2,

Class

A2A,

2.810%,

5/15/25

........

417,276

1,150,000

CarMax

Auto

Owner

Trust,

Series

2022-4,

Class

A3,

5.340%,

8/16/27

..........

1,161,850

723,776

Carvana

Auto

Receivables

Trust,

Series

2021-P2,

Class

A3,

0.490%,

3/10/26

...

697,174

786,131

Chesapeake

Funding

II,

LLC,

Series

2021-

1A,

Class

A1,

0.470%,

4/15/33(a)

.....

773,719

514

Citicorp

Residential

Mortgage

Trust,

STEP,

Series

2007-2,

Class

A6,

4.730%,

6/25/37

.......................

509

187,986

Citigroup

Mortgage

Loan

Trust,

Inc.,

Series

2005-HE1,

Class

M3,

5.364%,

(LIBOR

USD

1-Month

plus

0.98%),

5/25/35(b)

(c) ...........................

186,010

753,000

Discover

Card

Execution

Note

Trust,

Series

2022-A4,

Class

A,

5.030%,

10/15/27

..

761,121

651,002

Enterprise

Fleet

Financing,

LLC,

Series

2020-2,

Class

A2,

0.610%,

7/20/26(a)

..

634,288

1,500,000

Enterprise

Fleet

Funding,

LLC,

Series

2021-1,

Class

A3,

0.700%,

12/21/26(a)

.

1,391,342

1,500,000

Ford

Credit

Auto

Owner

Trust

2020-

REV2,

Series

2020-2,

Class

A,

1.060%,

4/15/33(a)

.....................

1,344,317

1,000,000

GreatAmerica

Leasing

Receivables

Funding,

LLC,

Series

2021-2,

Class

A3,

0.670%,

7/15/25(a)

...............

934,086

1,590,000

Hertz

Vehicle

Financing,

LLC,

Series

2021-1A,

Class

A,

1.210%,

12/26/25(a)

1,469,542

1,250,000

Mercedes-Benz

Auto

Receivables

Trust,

Series

2022-1,

Class

A3,

5.210%,

8/16/27

.......................

1,261,565

1,078,000

OneMain

Direct

Auto

Receivables

Trust

2019-1,

Series

2019-1A,

Class

A,

3.630%,

9/14/27(a)

...............

1,035,070

450,090

OneMain

Financial

Issuance

Trust,

Series

2020-1A,

Class

A,

3.840%,

5/14/32(a)

.

446,807

Principal

Amount

Fair

Value

ASSET

BACKED

SECURITIES

—

(continued)

$

775,000

OneMain

Financial

Issuance

Trust

2022-

2,

Series

2022-2A,

Class

A,

4.890%,

10/14/34(a)

.....................

$

757,035

700,000

OneMain

Financial

Issuance

Trust

2022-

3,

Series

2022-3A,

Class

A,

5.940%,

5/15/34(a)

.....................

695,746

600,000

Santander

Drive

Auto

Receivables

Trust,

Series

2022-7,

Class

A3,

5.750%,

4/15/27

.......................

603,579

1,600,000

Verizon

Master

Trust,

Series

2021-1,

Class

A,

0.500%,

5/20/27

...............

1,503,184

1,250,000

World

Omni

Auto

Receivables

Trust,

Series

2022-D,

Class

A3,

5.610%,

2/15/28

...

1,263,848

1,290,000

World

Omni

Select

Auto

Trust,

Series

2021-A,

Class

A3,

0.530%,

3/15/27

...

1,246,298

Total

Asset

Backed

Securities

(Cost

$24,981,717)

...............

24,727,959

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

2.4%

750,105

Chase

Home

Lending

Mortgage

Trust,

Series

2019-ATR2,

Class

A3,

3.500%,

7/25/49(a)(d)

...................

668,459

83,277

Fannie

Mae,

Series

2012-152,

Class

PC,

1.750%,

8/25/42

.................

80,145

576,494

Fannie

Mae,

Series

2013-35,

Class

CB,

2.000%,

2/25/43

.................

540,210

44,413

Fannie

Mae,

Series

2013-72,

Class

NA,

2.500%,

8/25/42

.................

42,543

469,700

Fannie

Mae,

Series

2015-71,

Class

PD,

2.500%,

3/25/43

.................

450,961

305,368

Fannie

Mae,

Series

2016-100,

Class

DA,

3.000%,

2/25/43

.................

291,917

479,882

Freddie

Mac,

Series

4828,

Class

QA,

3.500%,

3/15/47

.................

461,450

790,371

JP

Morgan

Mortgage

Trust,

Series

2017-5,

Class

A1B,

3.211%,

10/26/48(a)(d)

...

751,475

Total

Collateralized

Mortgage

Obligations

(Cost

$3,537,854)

................

3,287,160

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

9.2%

862,000

BX

2021-LBA3

Mortgage

Trust,

Series

2021-PAC,

Class

B,

5.217%,

(LIBOR

USD

1-Month

plus

0.90%),

10/15/36(a)

(b) ...........................

815,518

630,280

BX

Commercial

Mortgage

Trust,

Series

2021-21M,

Class

C,

5.495%,

(LIBOR

USD

1-Month

plus

1.18%),

10/15/36(a)

(b) ...........................

590,959

869,000

BX

Commercial

Mortgage

Trust,

Series

2021-ACNT,

Class

C,

5.818%,

(LIBOR

USD

1-Month

plus

1.50%),

11/15/38(a)

(b) ...........................

825,348

Sterling

Capital

Short

Duration

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

(continued)

$

953,000

BX

Commercial

Mortgage

Trust,

Series

2021-CIP,

Class

B,

5.589%,

(LIBOR

USD

1-Month

plus

1.27%),

12/15/38(a)

(b) ...........................

$

914,762

668,162

BX

Commercial

Mortgage

Trust,

Series

2021-XL2,

Class

C,

5.515%,

(LIBOR

USD

1-Month

plus

1.20%),

10/15/38(a)

(b) ...........................

633,809

613,666

BX

Commercial

Mortgage

Trust,

Series

2022-LP2,

Class

B,

5.648%,

(TSFR1M

plus

1.31%),

2/15/39(a)(b)

..........

581,995

208,000

BX

Trust,

Series

2021-ARIA,

Class

A,

5.217%,

(LIBOR

USD

1-Month

plus

0.90%),

10/15/36(a)(b)

............

197,827

862,000

BX

Trust,

Series

2021-RISE,

Class

C,

5.768%,

(LIBOR

USD

1-Month

plus

1.45%),

11/15/36(a)(b)

............

814,983

454,000

COMM

2013-CCRE11

Mortgage

Trust,

Series

2013-CR11,

Class

A4,

4.258%,

8/10/50

.......................

448,991

1,100,000

COMM

Mortgage

Trust,

Series

2014-

LC15,

Class

A4,

4.006%,

4/10/47

.....

1,075,154

789,000

ELP

Commercial

Mortgage

Trust,

Series

2021-ELP,

Class

C,

5.638%,

(LIBOR

USD

1-Month

plus

1.32%),

11/15/38(a)

(b) ...........................

749,426

42,892

GS

Mortgage

Securities

Trust,

Series

2010-

C1,

Class

B,

5.148%,

8/10/43(a)

......

42,326

223,648

GS

Mortgage

Securities

Trust,

Series

2014-

GC24,

Class

AAB,

3.650%,

9/10/47

...

219,413

1,000,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust,

Series

2014-C20,

Class

A5,

3.805%,

7/15/47

..............

971,202

300,000

JPMBB

Commercial

Mortgage

Securities

Trust,

Series

2014-C23,

Class

A5,

3.934%,

9/15/47

.................

290,669

859,000

Med

Trust,

Series

2021-MDLN,

Class

C,

6.118%,

(LIBOR

USD

1-Month

plus

1.80%),

11/15/38(a)(b)

............

816,096

1,121,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

Series

2014-C18,

Class

A4,

3.923%,

10/15/47

................

1,083,780

641,510

OPG

Trust,

Series

2021-PORT,

Class

C,

5.150%,

(LIBOR

USD

1-Month

plus

0.83%),

10/15/36(a)(b)

............

599,678

440,818

SMR

Mortgage

Trust,

Series

2022-IND,

Class

A,

5.986%,

(TSFR1M

plus

1.65%),

2/15/39(a)(b)

...................

416,500

Principal

Amount

Fair

Value

COMMERCIAL

MORTGAGE-BACKED

SECURITIES

—

(continued)

$

500,000

WFRBS

Commercial

Mortgage

Trust,

Series

2014-C21,

Class

A5,

3.678%,

8/15/47

.......................

$

482,974

Total

Commercial

Mortgage-Backed

Securities

(Cost

$13,082,025)

...............

12,571,410

CORPORATE

BONDS

—

40.6%

Aerospace

&

Defense

—

0.2%

292,000

Bombardier,

Inc.,

7.500%,

12/1/24(a)

....

292,255

Automobiles

—

2.1%

815,000

BMW

U.S.

Capital,

LLC,

3.150%,

4/18/24(a)

.....................

795,063

825,000

Daimler

Trucks

Finance

North

America,

LLC,

3.500%,

4/7/25(a)

............

791,981

540,000

Ford

Motor

Credit

Co.,

LLC,

2.300%,

2/10/25

.......................

487,715

800,000

Hyundai

Capital

America,

0.800%,

1/8/24(a)

......................

761,258

2,836,017

Banks

—

10.6%

1,075,000

Bank

of

America

Corp.,

MTN,

0.981%,

(SOFR

plus

0.91%),

9/25/25(e)

......

989,747

800,000

Bank

of

Nova

Scotia

(The),

1.450%,

1/10/25

.......................

744,515

700,000

BNP

Paribas

SA,

4.705%,

(LIBOR

USD

3-Month

plus

2.24%),

1/10/25(a)(e)

...

693,193

825,000

Citigroup,

Inc.,

3.352%,

(LIBOR

USD

3-Month

plus

0.90%),

4/24/25(e)

.....

799,339

605,000

Credit

Suisse

AG,

MTN,

3.625%,

9/9/24

.

564,376

800,000

Danske

Bank

A/S,

0.976%,

(1-Year

Treasury

Constant

Maturity

plus

0.55%),

9/10/25(a)(d)

...................

730,727

1,003,000

Goldman

Sachs

Group,

Inc.

(The),

4.000%,

3/3/24

........................

989,823

625,000

HSBC

Holdings

PLC,

2.999%,

(SOFR

plus

1.43%),

3/10/26(e)

...............

587,838

650,000

Huntington

National

Bank

(The),

4.008%,

(SOFR

plus

1.21%),

5/16/25(e)

......

636,550

817,000

Mitsubishi

UFJ

Financial

Group,

Inc.,

0.848%,

(1-Year

Treasury

Constant

Maturity

plus

0.68%),

9/15/24(d)

.....

788,655

1,045,000

Morgan

Stanley,

MTN,

1.164%,

(SOFR

plus

0.56%),

10/21/25(e)

...........

960,500

850,000

NatWest

Markets

PLC,

5.083%,

(SOFR

plus

0.76%),

9/29/26(a)(b)

..........

811,918

842,000

PNC

Financial

Services

Group,

Inc.

(The),

Series

O,

8.118%,

(LIBOR

USD

3-Month

plus

3.68%)(d)(f)

..........

839,895

823,000

Standard

Chartered

PLC,

0.991%,

(1-Year

Treasury

Constant

Maturity

plus

0.78%),

1/12/25(a)(d)

...................

776,623

Sterling

Capital

Short

Duration

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Banks

—

(continued)

$

925,000

State

Street

Corp.,

5.751%,

(SOFR

plus

1.35%),

11/4/26(e)

...............

$

947,692

800,000

Sumitomo

Mitsui

Trust

Bank,

Ltd.,

0.850%,

3/25/24(a)

...............

756,896

800,000

Swedbank

AB,

3.356%,

4/4/25(a)

......

768,349

1,100,000

Wells

Fargo

&

Co.,

MTN,

0.805%,

(SOFR

plus

0.51%),

5/19/25(e)

............

1,030,043

14,416,679

Chemicals

—

0.8%

696,000

NOVA

Chemicals

Corp.,

4.875%,

6/1/24(a)

673,373

500,000

Westlake

Corp.,

0.875%,

8/15/24

.......

464,461

1,137,834

Commercial

Services

&

Supplies

—

0.4%

554,000

GFL

Environmental,

Inc.,

4.250%,

6/1/25(a)

......................

529,083

Construction

Materials

—

0.8%

558,000

Koppers,

Inc.,

6.000%,

2/15/25(a)

......

530,100

575,000

Martin

Marietta

Materials,

Inc.,

4.250%,

7/2/24

........................

567,502

1,097,602

Diversified

Financial

Services

—

5.9%

826,000

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust,

3.150%,

2/15/24

.

798,718

860,000

Air

Lease

Corp.,

MTN,

0.700%,

2/15/24

.

812,160

800,000

Ally

Financial,

Inc.,

5.750%,

11/20/25

...

775,178

775,000

American

Express

Co.,

2.250%,

3/4/25(c)

731,863

825,000

Blackstone

Private

Credit

Fund,

1.750%,

9/15/24

.......................

758,767

880,000

Element

Fleet

Management

Corp.,

1.600%,

4/6/24(a)

......................

833,924

753,000

ERAC

USA

Finance,

LLC,

3.850%,

11/15/24(a)

.....................

727,912

581,000

FS

KKR

Capital

Corp.,

1.650%,

10/12/24

524,035

483,000

OneMain

Finance

Corp.,

6.125%,

3/15/24

467,321

741,000

Owl

Rock

Capital

Corp.,

5.250%,

4/15/24

730,832

825,000

Park

Aerospace

Holdings,

Ltd.,

5.500%,

2/15/24(a)

.....................

814,489

7,975,199

Diversified

Telecommunication

Services

—

0.4%

550,688

Sprint

Spectrum

Co.,

LLC/Sprint

Spectrum

Co.

II,

LLC/Sprint

Spectrum

Co.

III,

LLC,

4.738%,

3/20/25(a)

...........

544,410

Electric

Utilities

—

3.9%

285,000

American

Electric

Power

Co.,

Inc.,

2.031%,

3/15/24

.......................

274,882

805,000

CMS

Energy

Corp.,

3.875%,

3/1/24

.....

787,635

750,000

Duke

Energy

Progress,

LLC,

3.250%,

8/15/25

.......................

723,252

459,000

Entergy

Louisiana,

LLC,

0.620%,

11/17/23

441,890

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Electric

Utilities

—

(continued)

$

300,000

Korea

East-West

Power

Co.,

Ltd.,

3.600%,

5/6/25(a)

......................

$

290,276

1,045,000

Puget

Energy,

Inc.,

3.650%,

5/15/25

....

994,683

825,000

Sempra

Energy,

3.300%,

4/1/25

........

791,720

600,000

Southern

Co.

(The),

Series

21-A,

0.600%,

2/26/24

.......................

569,288

471,000

WESCO

Distribution,

Inc.,

7.125%,

6/15/25(a)

.....................

476,890

5,350,516

Energy

Equipment

&

Services

—

1.4%

313,000

Genesis

Energy

L.P./Genesis

Energy

Finance

Corp.,

5.625%,

6/15/24

......

302,043

843,000

Plains

All

American

Pipeline

L.P./PAA

Finance

Corp.,

3.600%,

11/1/24

......

815,424

805,000

Williams

Cos.,

Inc.

(The),

4.500%,

11/15/23

.......................

799,019

1,916,486

Entertainment

—

0.4%

525,000

Mattel,

Inc.,

3.375%,

4/1/26(a)

........

482,688

Equity

Real

Estate

Investment

Trusts

(REITS)

—

2.6%

790,000

American

Tower

Corp.,

5.000%,

2/15/24

.

787,325

775,000

Kimco

Realty

Corp.,

2.700%,

3/1/24

....

750,274

730,000

Ladder

Capital

Finance

Holdings

LLLP/

Ladder

Capital

Finance

Corp.,

5.250%,

10/1/25(a)

.....................

685,865

825,000

Retail

Opportunity

Investments

Partnership

L.P.,

5.000%,

12/15/23

............

815,664

518,000

Starwood

Property

Trust,

Inc.,

3.750%,

12/31/24(a)

.....................

486,410

3,525,538

Food

&

Staples

Retailing

—

0.5%

750,000

Cargill,

Inc.,

3.500%,

4/22/25(a)

.......

725,781

Hotels,

Restaurants

&

Leisure

—

0.5%

668,000

Prime

Security

Services

Borrower,

LLC/

Prime

Finance,

Inc.,

5.250%,

4/15/24(a)

656,183

Household

Products

—

0.5%

750,000

GSK

Consumer

Healthcare

Capital

UK

PLC,

3.125%,

3/24/25

.............

713,761

Insurance

—

3.9%

825,000

Apollo

Management

Holdings

L.P.,

4.000%,

5/30/24(a)

...............

800,635

875,000

Athene

Global

Funding,

1.716%,

1/7/25(a)

807,818

825,000

F&G

Global

Funding,

0.900%,

9/20/24(a)

754,218

880,000

GA

Global

Funding

Trust,

0.800%,

9/13/24(a)

.....................

804,472

625,000

Jackson

National

Life

Global

Funding,

3.875%,

6/11/25(a)

...............

600,440

750,000

John

Hancock

Life

Insurance

Co.,

7.375%,

2/15/24(a)

.....................

764,447

Sterling

Capital

Short

Duration

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Principal

Amount

Fair

Value

CORPORATE

BONDS

—

(continued)

Insurance

—

(continued)

$

815,000

Security

Benefit

Global

Funding,

1.250%,

5/17/24(a)

.....................

$

764,895

5,296,925

Media

—

0.6%

757,000

Discovery

Communications,

LLC,

3.800%,

3/13/24

.......................

739,683

Oil,

Gas

&

Consumable

Fuels

—

2.2%

1,000,000

Aker

BP

ASA,

3.000%,

1/15/25(a)(c)

....

948,820

445,000

ConocoPhillips

Co.,

2.125%,

3/8/24

....

430,101

800,000

Devon

Energy

Corp.,

5.250%,

9/15/24

...

801,015

830,000

EQT

Corp.,

5.678%,

10/1/25

..........

826,530

3,006,466

Semiconductors

&

Semiconductor

Equipment

—

1.1%

750,000

Broadcom

Corp./Broadcom

Cayman

Finance,

Ltd.,

3.625%,

1/15/24

.......

737,350

803,000

Microchip

Technology,

Inc.,

4.250%,

9/1/25

........................

780,147

1,517,497

Software

—

0.3%

375,000

Oracle

Corp.,

5.800%,

11/10/25

.......

383,564

Specialty

Retail

—

1.1%

865,000

7-Eleven,

Inc.,

0.800%,

2/10/24(a)

......

823,041

717,000

Nordstrom,

Inc.,

2.300%,

4/8/24

.......

670,539

1,493,580

Tobacco

—

0.4%

550,000

BAT

Capital

Corp.,

3.222%,

8/15/24

....

529,793

Total

Corporate

Bonds

(Cost

$58,182,963)

...............

55,167,540

MUNICIPAL

BONDS

—

3.9%

California

—

1.4%

650,000

Beverly

Hills

Public

Financing

Authority,

CA,

Advance

Refunding,

Taxable

Revenue

Bonds,

Series

B,

0.730%,

6/1/24

........................

615,420

590,000

Port

of

Oakland,

CA,

Port,

Airport

&

Marina

Revenue,

Advance

Refunding

Revenue

Bonds,

Series

R,

1.081%,

5/1/24

........................

560,819

750,000

University

of

California,

Current

Refunding,

Taxable

Revenue

Revenue

Bonds,

Series

AX,

Callable

4/1/25

@

100,

3.063%,

7/1/25

..............

721,245

1,897,484

Principal

Amount

Fair

Value

MUNICIPAL

BONDS

—

(continued)

Hawaii

—

0.1%

$

240,000

State

of

Hawaii,

HI,

Public

Improvements,

Cash

Flow

Management

G.O.,

0.802%,

10/1/24

.......................

$

224,971

Illinois

—

0.6%

815,000

Chicago

O'Hare

International

Airport,

IL,

Refunding,

Taxable

Revenue

Bonds,

Series

D,

1.168%,

1/1/24

...........

787,412

New

Jersey

—

0.2%

235,000

New

Jersey

Turnpike

Authority,

Advance

Refunding

Revenue

Bonds,

Series

B,

0.638%,

1/1/24

..................

226,072

Pennsylvania

—

0.4%

515,000

Pennsylvania

State

University

(The),

PA,

Refunding

Notes,

Taxable

Revenue

Bonds,

Series

D,

1.353%,

9/1/23

.....

505,359

Texas

—

1.2%

970,000

City

of

Houston,

TX,

Airport

System

Revenue,

Refunding,

Taxable

Revenue

Bonds,

Series

C,

1.054%,

7/1/23

.....

951,745

750,000

City

of

Houston,

TX,

Combined

Utility

System

Revenue,

Taxable

Revenue,

First

Lien-Series

C,

Advance

Refunding

Revenue

Bonds,

1.746%,

11/15/23

....

732,465

1,684,210

Total

Municipal

Bonds

(Cost

$5,488,570)

................

5,325,508

U.S.

GOVERNMENT

AGENCIES

—

2.0%

Federal

Home

Loan

Banks

—

2.0%

2,700,000

4.875%,

6/14/24

...................

2,704,125

Total

U.S.

Government

Agencies

(Cost

$2,700,907)

................

2,704,125

U.S.

TREASURY

NOTES

—

21.5%

3,940,000

2.875%,

6/30/24

.................

3,847,041

21,240,000

1.125%,

1/15/25

.................

19,888,439

5,700,000

3.000%,

7/15/25

.................

5,525,215

Total

U.S.

Treasury

Notes

(Cost

$29,455,229)

...............

29,260,695

Sterling

Capital

Short

Duration

Bond

Fund

Schedule

of

Portfolio

Investments

—

(continued)

December

31,

2022

(Unaudited)

Continued

Shares

Fair

Value

MONEY

MARKET

FUND

—

1.7%

2,270,751

Federated

Treasury

Obligations

Fund,

Institutional

Shares,

4.14%(g)

.......

$

2,270,751

Total

Money

Market

Fund

(Cost

$2,270,751)

................

2,270,751

Total

Investments

—

99.5%

(Cost

$139,700,016)

...........................

135,315,148

Net

Other

Assets

(Liabilities)

—

0.5%

...............

739,237

NET

ASSETS

—

100.0%

.......................

$

136,054,385

(a) Rule

144A,

Section

4(2)

or

other

security

that

is

restricted

as

to

resale

to

qualified

institutional

investors.

The

Advisor,

using

Board

approved

procedures,

has

deemed

these

securities

or

a

portion

of

these

securities

to

be

liquid.

(b) The

interest

rate

for

this

floating

rate

note,

which

will

change

periodically,

is

based

either

on

the

prime

rate

or

an

index

of

market

rates.

The

reflected

rate

is

in

effect

as

of

December

31,

2022. The

maturity

date

reflected

is

the

final

maturity

date.

(c) All

or

a

portion

of

the

securities

are

held

in

a

separate

collateral

account

at

US

Bank.

(d) The

interest

rate

for

this

variable

rate

note,

which

will

change

periodically,

is

based

either

on

the

prime

rate

or

an

index

of

market

rates.

The

reflected

rate

is

in

effect

as

of

December

31,

2022. The

maturity

date

reflected

is

the

final

maturity

date.

(e) Security

is

a

fix-to-float

security,

which

carries

a

fixed

coupon

until

a

certain

date,

upon

which

it

switches

to

a

floating

rate.

Rate

shown

is

the

fixed

rate.

(f) Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

(g) Represents

the

current

yield

as

of

report

date.

G.O.

General

Obligation

MTN

Medium

Term

Note

STEP

Step

Coupon

Bond

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Short

Duration

Bond

Fund

December

31,

2022

(Unaudited)

1. Organization:

Sterling

Capital

Funds

(the

"Trust")

commenced

operations

on

October

5,

1992

and

is

registered

under

the

Investment

Company

Act

of

1940,

as

amended

("the

1940

Act"),

as

an

open-end

investment

company

established

as

a

Massachusetts

business

trust.

The

Trust

offers

shares

of

Sterling

Capital

Short

Duration

Bond

Fund

(referred

to

as

a

"Fund").

The

Fund

is

a

"diversified"

fund

as

defined

in

the

1940

Act.

2. Significant

Accounting

Policies:

The

Fund

is

an

investment

company

and

accordingly

follows

the

investment

company

accounting

and

reporting

guidance

of

the

Financial

Accounting

Standards

Board

("FASB")

Accounting

Standard

Codification

Topic

946

Financial

Services-

Investment

Companies.

The

following

is

a

summary

of

significant

accounting

policies

followed

by

the

Fund.

The

policies

are

in

conformity

with

United

States

generally

accepted

accounting

principles

("U.S.

GAAP").

The

preparation

of

this

schedule

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of

contingent

assets

and

liabilities

at

the

date

of

the

schedule

and

the

reported

amount

of

income

and

expense

for

the

reporting

period.

Actual

result

could

differ

from

those

estimates.

Securities

Valuation

—

Investments

of

the

Fund

in

securities

traded

on

a

national

securities

exchange

or

in

the

over-the-

counter

market

are

valued

at

the

closing

price

on

the

principal

exchange

or

market

(including

the

NASDAQ

Closing

Price

for

securities

traded

on

NASDAQ),

typically

4:00

PM

ET

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

Fund

may

also

use

an

independent

pricing

service

approved

by

the

Board

of

Trustees

(the

"Board")

to

value

certain

securities,

including

the

use

of

electronic

and

matrix

techniques.

Investments

in

open-end

investment

companies

are

valued

at

their

respective

net

asset

values

as

reported

by

such

companies.

Investments

in

closed-end

investment

companies

and

exchange-traded

funds

are

valued

at

their

market

values

based

upon

the

latest

available

sale

price

or,

absent

such

a

price,

by

reference

to

the

latest

available

bid

prices

in

the

principal

market

in

which

such

securities

are

normally

traded.

The

differences

between

cost

and

fair

value

of

investments

are

reflected

as

either

unrealized

appreciation

or

depreciation.

Securities

for

which

market

quotations

are

not

readily

available

or

deemed

unreliable

(e.g.,

an

approved

pricing

service

does

not

provide

a

price,

a

furnished

price

is

in

error,

certain

stale

prices,

or

an

event

occurs

that

materially

affects

the

furnished

price)

will

be

fair

valued

in

accordance

with

procedures

established

in

good

faith

under

the

general

supervision

of

the

Board.

Fair

Value

Measurements

—

The

objective

of

a

fair

value

measurement

is

to

determine

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(an

exit

price).

Accordingly,

the

fair

value

hierarchy

gives

the

highest

priority

to

quoted

prices

(unadjusted)

in

active

markets

for

identical

assets

or

liabilities

(Level

1)

and

the

lowest

priority

to

unobservable

inputs

(Level

3).

The

three

levels

of

the

fair

value

hierarchy

are

described

as

follows:

Level

–

quoted

prices

in

active

markets

for

identical

securities

Level

–

based

on

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

prepayment

speeds,

credit

risk,

etc.)

Level

–

based

on

significant

unobservable

inputs

(including

a

Fund's

own

assumptions

in

determining

the

fair

value

of

investments)

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

During

the

period

ended

December

31,

2022

,

there

were

no

significant

changes

to

the

valuation

policies

and

procedures.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Short

Duration

Bond

Fund

—

(continued)

December

31,

2022

(Unaudited)

The

summary

of

inputs

used

to

determine

the

fair

value

of

the

Fund's

investments

as

of

December

31,

2022

is

as

follows:

Cash

and

Cash

Equivalents

—

The

Fund

considers

liquid

assets

deposited

with

a

bank,

and

certain

short

term

debt

instruments

with

original

maturities

of

three

months

or

less

to

be

cash

equivalents.

These

investments

represent

amounts

held

with

financial

institutions

that

are

readily

accessible

to

pay

Fund

expenses

or

investments.

The

Fund

may

invest

its

excess

cash

in

the

Federated

Treasury

Obligations

Fund

or

a

similar

money

market

fund

or

other

short-term

investment.

Credit

Enhancements

—

Certain

obligations

held

in

the

Fund

have

credit

enhancement

or

liquidity

features

that

may,

under

certain

circumstances,

provide

for

repayment

of

principal

and

interest

on

the

obligation

upon

demand

date,

interest

rate

reset

date

or

final

maturity.

These

enhancements

may

include:

letters

of

credit;

liquidity

guarantees;

security

purchase

agreements;

tender

option

purchase

agreements;

and

third

party

insurance

(i.e.,

AMBAC).

Foreign

Currency

Translation

—

The

accounting

records

of

the

Fund

are

maintained

in

U.S.

dollars.

Foreign

currency

amounts

are

translated

into

U.S.

dollars

at

the

latest

foreign

exchange

bid

quotation

(from

an

approved

pricing

vendor)

to

determine

the

fair

value

of

investments,

assets

and

liabilities.

Purchases

and

sales

of

securities,

income

and

expenses

are

translated

at

the

prevailing

rate

of

exchange,

on

the

respective

dates

of

such

transactions.

Such

fluctuations

are

included

with

the

net

realized

and

unrealized

gain

or

loss

from

investments

and

foreign

currencies.

Forward

Foreign

Currency

Exchange

Contracts

—

The

Fund

may

enter

into

forward

foreign

currency

exchange

contracts

(foreign

currency

exchange

risk)

in

connection

with

planned

purchases

or

sales

of

securities

or

to

hedge

the

U.S.

dollar

value

of

Funds

securities

denominated

in

a

particular

currency.

A

foreign

currency

exchange

contract

is

an

agreement

between

two

parties

to

buy

and

sell

a

currency

at

a

set

exchange

rate

on

a

future

date.

The

Fund

can

be

exposed

to

risks

if

the

counterparties

to

the

contracts

are

unable

to

meet

the

terms

of

their

contracts

and

from

unanticipated

movements

in

the

value

of

a

foreign

currency

relative

to

the

U.S.

dollar.

In

the

event

of

default

by

the

counterparty

to

the

transaction,

the

Fund's

maximum

amount

of

loss,

as

either

the

buyer

or

seller,

is

the

unrealized

gain

of

the

contract.

The

forward

foreign

currency

exchange

contracts

are

adjusted

by

the

daily

exchange

rate

of

the

underlying

currency

and

any

gains

or

losses

are

recorded

for

purposes

of

this

schedule

as

unrealized

gains

or

losses

until

the

contract

settlement

date.

When

the

contract

is

closed,

the

Fund

records

a

realized

gain

(loss)

equal

to

the

difference

between

the

value

at

the

time

it

was

opened

and

the

value

at

the

time

it

was

closed.

Mortgage

Dollar

Rolls

—

The

Fund

may

sell

mortgage-backed

securities

for

delivery

in

the

current

month

and

simultaneously

contract

to

repurchase

substantially

similar

(same

type,

coupon

and

maturity)

securities

on

a

specific

future

date

at

an

agreed-upon

price.

The

market

value

of

the

securities

that

a

Fund

is

required

to

purchase

may

decline

below

the

agreed

upon

repurchase

price

of

those

securities.

Pools

of

mortgages

collateralizing

those

securities

may

have

different

prepayment

histories

than

those

sold.

During

the

period

between

the

sale

and

repurchase,

a

Fund

will

not

be

entitled

to

receive

interest

and

principal

payments

on

the

securities

sold.

Proceeds

of

the

sale

will

be

invested

in

additional

instruments

for

a

Fund,

and

the

income

from

these

investments

will

generate

income

for

a

Fund.

If

such

income

does

not

exceed

the

income,

capital

appreciation

and

gain

or

loss

that

would

have

been

realized

on

the

securities

sold

as

part

of

the

dollar

roll,

the

use

of

this

technique

will

diminish

the

investment

performance

of

a

Fund

compared

with

what

the

performance

would

have

been

without

the

use

of

dollar

rolls.

The

Fund

accounts

for

mortgage

dollar

roll

transactions

as

purchases

and

sales.

The

Fund

did

not

hold

any

mortgage

dollar

rolls

during

the

period.

Risks

Associated

with

Foreign

Securities

and

Currencies

—

Investments

in

securities

of

foreign

issuers

carry

certain

risks

not

ordinarily

associated

with

investments

in

securities

of

domestic

issuers.

Such

risks

include

future

political

and

economic

developments

and

the

possible

imposition

of

exchange

controls

or

other

foreign

governmental

laws

and

restrictions.

In

Level

1-

Quoted

Prices

Level

2-

Other

Significant

Observable

Inputs

Level

3-

Significant

Unobservable

Inputs

Total

Assets:

Investments

in

Securities

Sterling

Capital

Short

Duration

Bond

Fund

.............

$

2,270,751(a)

$

133,044,397(b)

$

—

$

135,315,148

(a) Represents

money

market

funds

and/or

certain

preferred

stocks.

(b) Industries,

countries

or

security

types

are

disclosed

in

the

Schedule

of

Portfolio

Investments.

Sterling

Capital

Funds

Notes

to

Schedule

of

Portfolio

Investments

-

Sterling

Capital

Short

Duration

Bond

Fund

—

(continued)

December

31,

2022

(Unaudited)

addition,

with

respect

to

certain

countries,

there

is

the

possibility

of

expropriation

of

assets,

confiscatory

taxation,

political

or

social

instability

or

diplomatic

developments

which

could

adversely

affect

investments

in

those

countries.

Certain

foreign

investments

may

also

be

subject

to

foreign

withholding

taxes.

When-Issued

—

The

Fund

may

purchase

securities

on

a

"when-issued"

basis.

The

Fund

records

when-issued

securities

on

the

trade

date

and

pledge

assets

with

a

value

at

least

equal

to

the

purchase

commitment

for

payment

of

the

securities

purchased.

The

value

of

the

securities

underlying

when-issued

to

purchase

securities,

and

any

subsequent

fluctuation

in

their

value,

is

taken

into

account

when

determining

the

net

asset

value

of

the

Fund

commencing

with

the

date

the

Fund

agrees

to

purchase

the

securities.

The

Fund

does

not

accrue

interest

or

dividends

on

"when-issued"

securities

until

the

underlying

securities

are

received.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Sterling Capital Funds

- **b. Investment Company Act file number:** 811-06719

- **c. CIK number of Registrant:** 0000889284

- **d. LEI of Registrant:** 54930017VPAACVI5ZX74

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

  - **Street Address 1:** 3605 Glenwood Avenue

  - **City:** Raleigh

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27612

  - **Telephone number:** 800-228-1872

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

- **a. Name of Series:** Sterling Capital Short Duration Bond Fund

- **b. EDGAR series identifier (if any):** S000003547

- **c. LEI of Series:** 549300P0GHWWG707JA78

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $136603080.83

**Total Liabilities:** $788086.36

**Net Assets:** $135814994.47

**Cash Not Reported:** $203.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 246.76968000 | **1-Year:** 12085.67192000 | **5-Year:** 5451.75490000 | **10-Year:** 104.64732000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 752.36632000 | **5-Year:** 181.41491000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009858 | -0.05%               | 0.82%                | 0.45%                |
| Class ID C000009857 | -0.03%               | 0.72%                | 0.47%                |
| Class ID C000225245 | -0.02%               | 0.85%                | 0.48%                |
| Class ID C000112497 | -0.11%               | 0.64%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-101513.25              | $-151450.30                                |
| Month 2  | $-155022.97              | $904810.05                                 |
| Month 3  | $-54523.53               | $296193.48                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| F&G GLOBAL FUNDING                         | F&G Global Funding                                                              | CUSIP: 30321L2B7<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    825000 | PA      | $754217.93    | 0.56%             | 2024-09-20      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| SECURITY BENEFIT GL FUND                   | Security Benefit Global Funding                                                 | CUSIP: 81412DAA1<br>LEI: 5493003C0JW6BY7YFF93 | Long             | DBT              | CORP              | US        |    815000 | PA      | $764895.28    | 0.56%             | 2024-05-17      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                         | BMW US Capital LLC                                                              | CUSIP: 05565EBH7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    815000 | PA      | $795063.32    | 0.59%             | 2024-04-18      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                | Southern Co/The                                                                 | CUSIP: 842587DG9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $569288.38    | 0.42%             | 2024-02-26      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136ADTK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    576494 | PA      | $540210.58    | 0.40%             | 2043-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDL5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    854000 | PA      | $825293.47    | 0.61%             | 2025-09-22      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co                                                                | CUSIP: 95000U2T9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1030042.67   | 0.76%             | 2025-05-19      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr             | BA Credit Card Trust                                                            | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    753000 | PA      | $760949.50    | 0.56%             | 2028-04-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                    | CarMax Auto Owner Trust 2022-1                                                  | CUSIP: 14317CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $911195.00    | 0.67%             | 2027-08-16      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2010-C1                                            | CUSIP: 36249KAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42892 | PA      | $42325.96     | 0.03%             | 2043-08-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                   | Huntington National Bank/The                                                    | CUSIP: 44644MAD3<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    650000 | PA      | $636549.76    | 0.47%             | 2025-05-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor             | JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20                   | CUSIP: 46642CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $971202.30    | 0.72%             | 2047-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                              | Westlake Corp                                                                   | CUSIP: 960413AX0<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |    500000 | PA      | $464461.05    | 0.34%             | 2024-08-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                        | FS KKR Capital Corp                                                             | CUSIP: 302635AJ6<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    581000 | PA      | $524035.04    | 0.39%             | 2024-10-12      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Funding 2021-1 LLC                                             | CUSIP: 29374EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1391341.95   | 1.02%             | 2026-12-21      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AAQ65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83277 | PA      | $80144.92     | 0.06%             | 2042-08-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                    | GA Global Funding Trust                                                         | CUSIP: 36143L2C8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    880000 | PA      | $804472.31    | 0.59%             | 2024-09-13      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp              | CUSIP: 505742AG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $685864.72    | 0.50%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust 2021-RISE                                                              | CUSIP: 12434EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862000 | PA      | $814982.73    | 0.60%             | 2036-11-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                       | OneMain Finance Corp                                                            | CUSIP: 85172FAP4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    483000 | PA      | $467320.60    | 0.34%             | 2024-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CDS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21240000 | PA      | $19888439.12  | 14.64%            | 2025-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES             | University of California                                                        | CUSIP: 91412GU94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $721245.00    | 0.53%             | 2025-07-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                | Cargill Inc                                                                     | CUSIP: 141781BU7<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    750000 | PA      | $725781.11    | 0.53%             | 2025-04-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                              | CUSIP: 3137FJ5G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    479882 | PA      | $461449.63    | 0.34%             | 2047-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                | Swedbank AB                                                                     | CUSIP: 87020PAQ0<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    800000 | PA      | $768348.80    | 0.57%             | 2025-04-04      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                               | 7-Eleven Inc                                                                    | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    865000 | PA      | $823041.17    | 0.61%             | 2024-02-10      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                  | State of Hawaii                                                                 | CUSIP: 419792ZK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $224971.20    | 0.17%             | 2024-10-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                   | Element Fleet Management Corp                                                   | CUSIP: 286181AF9<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    880000 | PA      | $833924.21    | 0.61%             | 2024-04-06      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINAN NA                    | Daimler Trucks Finance North America LLC                                        | CUSIP: 233853AL4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    825000 | PA      | $791980.50    | 0.58%             | 2025-04-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T             | Discover Card Execution Note Trust                                              | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    753000 | PA      | $761121.41    | 0.56%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2022-2                                         | CUSIP: 68268VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775000 | PA      | $757034.49    | 0.56%             | 2034-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva             | Americredit Automobile Receivables Trust 2018-3                                 | CUSIP: 03066MAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    359217 | PA      | $358929.99    | 0.26%             | 2024-10-18      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                  | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18                     | CUSIP: 61763XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1121000 | PA      | $1083780.33   | 0.80%             | 2047-10-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                       | ERAC USA Finance LLC                                                            | CUSIP: 26884TAL6<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    753000 | PA      | $727911.86    | 0.54%             | 2024-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr             | World Omni Auto Receivables Trust 2022-D                                        | CUSIP: 98163VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1263847.75   | 0.93%             | 2028-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                   | Microchip Technology Inc                                                        | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    803000 | PA      | $780146.44    | 0.57%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2014-GC24                                          | CUSIP: 36253GAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223648 | PA      | $219412.97    | 0.16%             | 2047-09-10      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva             | AmeriCredit Automobile Receivables Trust 2021-1                                 | CUSIP: 03063FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2309000 | PA      | $2197439.97   | 1.62%             | 2026-10-19      | Fixed         | 0.68%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX 2021-LBA3 Mortgage Trust                                                     | CUSIP: 05609PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862000 | PA      | $815518.20    | 0.60%             | 2036-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora             | Chase Home Lending Mortgage Trust 2019-ATR2                                     | CUSIP: 16159GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750105 | PA      | $668459.10    | 0.49%             | 2049-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| KOPPERS INC                                | Koppers Inc                                                                     | CUSIP: 500605AH3<br>LEI: LTO4ZL5EBDR1NE6FGJ36 | Long             | DBT              | CORP              | US        |    558000 | PA      | $530100.00    | 0.39%             | 2025-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELP 2021-ELP                               | ELP Commercial Mortgage Trust 2021-ELP                                          | CUSIP: 26863LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    789000 | PA      | $749426.44    | 0.55%             | 2038-11-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                   | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B85<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    540000 | PA      | $487714.58    | 0.36%             | 2025-02-10      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/GENESI                   | Genesis Energy LP / Genesis Energy Finance Corp                                 | CUSIP: 37185LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    313000 | PA      | $302043.30    | 0.22%             | 2024-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co                                                             | CUSIP: 025816CQ0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    775000 | PA      | $731863.39    | 0.54%             | 2025-03-04      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                         | CUSIP: 44891ABR7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    800000 | PA      | $761258.33    | 0.56%             | 2024-01-08      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust              | Citigroup Mortgage Loan Trust Inc                                               | CUSIP: 17307GQR2<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    187986 | PA      | $186010.02    | 0.14%             | 2035-05-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                    | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1161849.83   | 0.86%             | 2027-08-16      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2013-CCRE11 Mortgage Trust                                                 | CUSIP: 12626LAE2<br>LEI: 549300BCCWSDWINK2593 | Long             | ABS-MBS          | CORP              | US        |    454000 | PA      | $448991.61    | 0.33%             | 2050-08-10      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA             | Chicago O'Hare International Airport                                            | CUSIP: 167593S60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $787412.25    | 0.58%             | 2024-01-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                   | Jackson National Life Global Funding                                            | CUSIP: 46849LTC5<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    625000 | PA      | $600440.11    | 0.44%             | 2025-06-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                          | CUSIP: 853254BY5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    823000 | PA      | $776622.93    | 0.57%             | 2025-01-12      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                        | NOVA Chemicals Corp                                                             | CUSIP: 66977WAQ2<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    696000 | PA      | $673373.27    | 0.50%             | 2024-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                      | Entergy Louisiana LLC                                                           | CUSIP: 29364WBF4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    459000 | PA      | $441889.66    | 0.33%             | 2023-11-17      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| OPG Trust                                  | OPG Trust 2021-PORT                                                             | CUSIP: 67118AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    641510 | PA      | $599678.46    | 0.44%             | 2036-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                           | BAT Capital Corp                                                                | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    550000 | PA      | $529792.68    | 0.39%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                        | Bank of Nova Scotia/The                                                         | CUSIP: 06417XAB7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $744515.19    | 0.55%             | 2025-01-10      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                     | Williams Cos Inc/The                                                            | CUSIP: 96950FAL8<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    805000 | PA      | $799018.88    | 0.59%             | 2023-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                | Ally Auto Receivables Trust 2022-3                                              | CUSIP: 02008DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $205375.66    | 0.15%             | 2031-06-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl             | Santander Drive Auto Receivables Trust 2022-7                                   | CUSIP: 80287FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $603578.70    | 0.44%             | 2027-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                   | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    843000 | PA      | $815423.98    | 0.60%             | 2024-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MED Trust                                  | Med Trust 2021-MDLN                                                             | CUSIP: 58403YAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    859000 | PA      | $816095.53    | 0.60%             | 2038-11-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                | Aker BP ASA                                                                     | CUSIP: 00973RAE3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   1000000 | PA      | $948819.62    | 0.70%             | 2025-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup Inc                                                                   | CUSIP: 172967MF5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    825000 | PA      | $799339.57    | 0.59%             | 2025-04-24      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                      | Athene Global Funding                                                           | CUSIP: 04685A3F6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    875000 | PA      | $807817.70    | 0.59%             | 2025-01-07      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST UNIV                       | Pennsylvania State University/The                                               | CUSIP: 709235S22<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    515000 | PA      | $505359.20    | 0.37%             | 2023-09-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp                                                            | CUSIP: 06051GJG5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $989746.79    | 0.73%             | 2025-09-25      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                    | American Electric Power Co Inc                                                  | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    285000 | PA      | $274882.11    | 0.20%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| PORT OF OAKLAND CA                         | Port of Oakland                                                                 | CUSIP: 735000TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $560818.60    | 0.41%             | 2024-05-01      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-21M                                           | CUSIP: 05609CAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630280 | PA      | $590959.32    | 0.44%             | 2036-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU             | New Jersey Turnpike Authority                                                   | CUSIP: 646140DM2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    235000 | PA      | $226072.35    | 0.17%             | 2024-01-01      | Fixed         | 0.64%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2022-3                                         | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $695746.24    | 0.51%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                   | EQT Corp                                                                        | CUSIP: 26884LAP4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    830000 | PA      | $826529.98    | 0.61%             | 2025-10-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivable             | OneMain Direct Auto Receivables Trust 2019-1                                    | CUSIP: 68267EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1078000 | PA      | $1035070.05   | 0.76%             | 2027-09-14      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AUG39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    305368 | PA      | $291916.60    | 0.21%             | 2043-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2022-LP2                                           | CUSIP: 05610HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    613666 | PA      | $581995.10    | 0.43%             | 2039-02-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                           | Puget Energy Inc                                                                | CUSIP: 745310AH5<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $994682.82    | 0.73%             | 2025-05-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp                                                                     | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383564.03    | 0.28%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                | BNP Paribas SA                                                                  | CUSIP: 09659W2G8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $693193.01    | 0.51%             | 2025-01-10      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GVM3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1003000 | PA      | $989822.84    | 0.73%             | 2024-03-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JOHN HANCOCK LIFE INS C0                   | John Hancock Life Insurance Co                                                  | CUSIP: 41020VAA9<br>LEI: 5493007TRSDJMZ8TBY32 | Long             | DBT              | CORP              | US        |    750000 | PA      | $764447.15    | 0.56%             | 2024-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Trust 2021-ARIA                                                              | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    208000 | PA      | $197827.22    | 0.15%             | 2036-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                          | State Street Corp                                                               | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    925000 | PA      | $947692.08    | 0.70%             | 2026-11-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                    | Starwood Property Trust Inc                                                     | CUSIP: 85571BAW5<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    518000 | PA      | $486410.05    | 0.36%             | 2024-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                   | Prime Security Services Borrower LLC / Prime Finance Inc                        | CUSIP: 74166MAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    668000 | PA      | $656182.93    | 0.48%             | 2024-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                     | Credit Suisse AG/New York NY                                                    | CUSIP: 22546QAP2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    605000 | PA      | $564375.83    | 0.42%             | 2024-09-09      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Citicorp Residential Mortgage              | Citicorp Residential Mortgage Trust Series 2007-2                               | CUSIP: 17312HAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       514 | PA      | $509.19       | 0.00%             | 2037-06-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                            | CMS Energy Corp                                                                 | CUSIP: 125896BM1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    805000 | PA      | $787635.43    | 0.58%             | 2024-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES             | Mercedes-Benz Auto Receivables Trust 2022-1                                     | CUSIP: 58768PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1261564.75   | 0.93%             | 2027-08-16      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-ACNT                                          | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    869000 | PA      | $825347.52    | 0.61%             | 2038-11-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                   | Discovery Communications LLC                                                    | CUSIP: 25470DAM1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    757000 | PA      | $739683.06    | 0.54%             | 2024-03-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru             | OneMain Financial Issuance Trust 2020-A                                         | CUSIP: 68269LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450090 | PA      | $446807.21    | 0.33%             | 2032-05-14      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU             | WFRBS Commercial Mortgage Trust 2014-C21                                        | CUSIP: 92939FAU3<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $482973.55    | 0.36%             | 2047-08-15      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YEG6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $960499.91    | 0.71%             | 2025-10-21      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB             | GreatAmerica Leasing Receivables Funding LLC Series 2021-2                      | CUSIP: 39154TBQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $934085.60    | 0.69%             | 2025-07-15      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-XL2                                           | CUSIP: 05609KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668162 | PA      | $633808.43    | 0.47%             | 2038-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                   | Devon Energy Corp                                                               | CUSIP: 25179MBC6<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801015.58    | 0.59%             | 2024-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CAPITAL CORP                      | Owl Rock Capital Corp                                                           | CUSIP: 69121KAA2<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    741000 | PA      | $730831.75    | 0.54%             | 2024-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust               | World Omni Select Auto Trust 2021-A                                             | CUSIP: 98163HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1290000 | PA      | $1246298.41   | 0.92%             | 2027-03-15      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                     | Blackstone Private Credit Fund                                                  | CUSIP: 09261HAB3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    825000 | PA      | $758767.26    | 0.56%             | 2024-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F             | Ford Credit Auto Owner Trust 2020-REV2                                          | CUSIP: 34532JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1344316.95   | 0.99%             | 2033-04-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                   | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550688 | PA      | $544410.53    | 0.40%             | 2025-03-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                    | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    750000 | PA      | $737350.34    | 0.54%             | 2024-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                         | Ally Financial Inc                                                              | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $775178.13    | 0.57%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu             | JPMBB Commercial Mortgage Securities Trust 2014-C23                             | CUSIP: 46643ABE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $290668.47    | 0.21%             | 2047-09-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                              | Nordstrom Inc                                                                   | CUSIP: 655664AX8<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    717000 | PA      | $670538.40    | 0.49%             | 2024-04-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AQER7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    469700 | PA      | $450960.84    | 0.33%             | 2043-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SMR 2022-IND Mortgage Trust                | SMR 2022-IND Mortgage Trust                                                     | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440818 | PA      | $416499.78    | 0.31%             | 2039-02-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings PLC                                                               | CUSIP: 404280DA4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    625000 | PA      | $587838.44    | 0.43%             | 2026-03-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                | Hertz Vehicle Financing LLC                                                     | CUSIP: 42806MAA7<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |   1590000 | PA      | $1469542.40   | 1.08%             | 2025-12-26      | Fixed         | 1.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                               | CUSIP: 3136AFEC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44413 | PA      | $42543.47     | 0.03%             | 2042-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                   | Duke Energy Progress LLC                                                        | CUSIP: 26442UAA2<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    750000 | PA      | $723251.78    | 0.53%             | 2025-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BEVERLY HILLS CA PUBLIC FING A             | Beverly Hills Public Financing Authority                                        | CUSIP: 088006JY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $615420.00    | 0.45%             | 2024-06-01      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                             | Air Lease Corp                                                                  | CUSIP: 00914AAL6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    860000 | PA      | $812159.82    | 0.60%             | 2024-02-15      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Financing 2020-2 LLC                                           | CUSIP: 29375MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    651002 | PA      | $634287.92    | 0.47%             | 2026-07-20      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                  | Chesapeake Funding II LLC                                                       | CUSIP: 165183CP7<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    786131 | PA      | $773719.34    | 0.57%             | 2033-04-15      | Fixed         | 0.47%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                          | Kimco Realty Corp                                                               | CUSIP: 49446RAR0<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |    775000 | PA      | $750274.34    | 0.55%             | 2024-03-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                     | Federal Home Loan Banks                                                         | CUSIP: 3130ATVC8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2700000 | PA      | $2704125.20   | 1.99%             | 2024-06-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust             | Carvana Auto Receivables Trust 2021-P2                                          | CUSIP: 14687TAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    723776 | PA      | $697173.90    | 0.51%             | 2026-03-10      | Fixed         | 0.49%                 | No            |                  2 | On Loan: No      |
| BX Trust                                   | BX Commercial Mortgage Trust 2021-CIP                                           | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    953000 | PA      | $914762.11    | 0.67%             | 2038-12-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| PARK AEROSPACE HOLDINGS                    | Park Aerospace Holdings Ltd                                                     | CUSIP: 70014LAB6<br>LEI: 635400CPI3EOIFF6OC33 | Long             | DBT              | CORP              | KY        |    825000 | PA      | $814489.05    | 0.60%             | 2024-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                              | Sempra Energy                                                                   | CUSIP: 816851BN8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    825000 | PA      | $791720.54    | 0.58%             | 2025-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                        | NatWest Markets PLC                                                             | CUSIP: 63906YAE8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $811917.82    | 0.60%             | 2026-09-29      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                        | American Tower Corp                                                             | CUSIP: 03027XAD2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    790000 | PA      | $787324.91    | 0.58%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                      | GFL Environmental Inc                                                           | CUSIP: 36168QAJ3<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    554000 | PA      | $529083.33    | 0.39%             | 2025-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                     | WESCO Distribution Inc                                                          | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    471000 | PA      | $476889.54    | 0.35%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                        | COMM 2014-LC15 Mortgage Trust                                                   | CUSIP: 12591TAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1075153.64   | 0.79%             | 2047-04-10      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AK1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    842000 | PA      | $839894.96    | 0.62%             | N/A             | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                   | JP Morgan Mortgage Trust 2017-5                                                 | CUSIP: 46590YAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790371 | PA      | $751475.15    | 0.55%             | 2048-10-26      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                     | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822BV5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    817000 | PA      | $788654.97    | 0.58%             | 2024-09-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                             | Bombardier Inc                                                                  | CUSIP: 097751BR1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    292000 | PA      | $292255.10    | 0.22%             | 2024-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Treasury Obligations Fund | Federated Hermes Treasury Obligations Fund                                      | CUSIP: 60934N500<br>LEI: 254900WUIGYHOH89FC60 | Long             | STIV             | RF                | US        |   2270751 | NS      | $2270751.38   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL INC                                 | Mattel Inc                                                                      | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    525000 | PA      | $482687.53    | 0.36%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                     | ConocoPhillips Co                                                               | CUSIP: 20826FAT3<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    445000 | PA      | $430100.59    | 0.32%             | 2024-03-08      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                    | CarMax Auto Owner Trust 2022-2                                                  | CUSIP: 14317HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    421427 | PA      | $417276.13    | 0.31%             | 2025-05-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    826000 | PA      | $798718.29    | 0.59%             | 2024-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                | City of Houston TX Airport System Revenue                                       | CUSIP: 442349EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $951744.60    | 0.70%             | 2023-07-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5700000 | PA      | $5525214.86   | 4.07%             | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                            | Danske Bank A/S                                                                 | CUSIP: 23636ABA8<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    800000 | PA      | $730726.80    | 0.54%             | 2025-09-10      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                       | Verizon Master Trust                                                            | CUSIP: 92348KAA1<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1503184.00   | 1.11%             | 2027-05-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding             | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $884408.56    | 0.65%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| RETAIL OPPORTUNITY IN                      | Retail Opportunity Investments Partnership LP                                   | CUSIP: 76132FAA5<br>LEI: 549300KH0PNTJK9NTE57 | Long             | DBT              | CORP              | US        |    825000 | PA      | $815663.84    | 0.60%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                   | Martin Marietta Materials Inc                                                   | CUSIP: 573284AN6<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    575000 | PA      | $567502.22    | 0.42%             | 2024-07-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                   | Sumitomo Mitsui Trust Bank Ltd                                                  | CUSIP: 86563VAU3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $756896.53    | 0.56%             | 2024-03-25      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3940000 | PA      | $3847040.63   | 2.83%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE             | City of Houston TX Combined Utility System Revenue                              | CUSIP: 44244CXM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $732465.00    | 0.54%             | 2023-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KOREA EAST-WEST POWER CO                   | Korea East-West Power Co Ltd                                                    | CUSIP: 5006EPAL5<br>LEI: 549300VDRGYGX9NBTB52 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $290276.13    | 0.21%             | 2025-05-06      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                    | GSK Consumer Healthcare Capital UK PLC                                          | CUSIP: 36264NAB0<br>LEI: 5493004B26DRJNN0OV17 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $713760.86    | 0.53%             | 2025-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN                   | Apollo Management Holdings LP                                                   | CUSIP: 03765HAA9<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    825000 | PA      | $800634.54    | 0.59%             | 2024-05-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Sterling Capital Funds

**Signature:** Todd Miller

**Name of Signer:** Todd Miller

**Title:** Treasurer and Secretary