# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0001752724-23-040501
**Filing Date:** 2023-2
**Character Count:** 133808
**Document Hash:** c5c7af19d0bafcb3c815577ae18f6c0c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040501.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-040501

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03213
- **FILM NUMBER:** 23667688

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19860226

## Series and Classes Contracts Data

### NVIT Core Bond Fund (Series ID: S000021031)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000059797 | Class I      |  |
| C000059798 | Class II     |  |
| C000059799 | Class Y      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Variable Insurance Trust

- **b. Investment Company Act file number:** 811-03213

- **c. CIK number of Registrant:** 0000353905

- **d. LEI of Registrant:** 549300WLMVM3JP578846

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

  - **Street Address 1:** One Nationwide Plaza Location:N0900

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** NVIT Core Bond Fund

- **b. EDGAR series identifier (if any):** S000021031

- **c. LEI of Series:** 549300QCVK3NHYLE2575

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

- **a. Date of fiscal year-end:** 2022-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1376682601.93

**Total Liabilities:** $17397718.89

**Net Assets:** $1359284883.04

**Cash Not Reported:** $22924826.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 403.53746500 | **1-Year:** 17638.07871200 | **5-Year:** 131833.95059300 | **10-Year:** 300160.25498400 | **30-Year:** 58131.14062000

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

- **3-Month:** 0.00000000 | **1-Year:** 111.13311700 | **5-Year:** 2162.63860900 | **10-Year:** 1492.59304200 | **30-Year:** 499.99747300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059799 | -1.44%               | 3.70%                | -0.62%               |
| Class ID C000059797 | -1.44%               | 3.59%                | -0.55%               |
| Class ID C000059798 | -1.56%               | 3.61%                | -0.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2564905.07             | $-20721764.87                              |
| Month 2  | $-3149723.32             | $49383635.88                               |
| Month 3  | $-5942296.57             | $-5945628.17                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Total Return

- **Index Identifier:** LBUSTRUU Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                                           | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2025310.91   | 0.15%             | 2033-09-14      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corp.                                        | Chase Mortgage Finance Corp., Series 2016-SH2, Class M2                                        | CUSIP: 16164AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4707771 | PA      | $4099172.63   | 0.30%             | 2045-12-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                  | British Airways Pass-Through Trust, Series 2021-1, Class B                                     | CUSIP: 11042CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7950978 | PA      | $6561883.44   | 0.48%             | 2031-09-15      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Kite Realty Group Trust                                             | Kite Realty Group Trust                                                                        | CUSIP: 76131VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2124000 | PA      | $1869833.73   | 0.14%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                              | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2527193.34   | 0.19%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                              | CVS Pass-Through Trust                                                                         | CUSIP: 126650BP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3716186 | PA      | $3660546.41   | 0.27%             | 2028-12-10      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| NRZ Advance Receivables Trust                                       | NRZ Advance Receivables Trust, Series 2020-T2, Class AT2                                       | CUSIP: 62942QCW1<br>LEI: 549300RNWDDBV4LFKJ17 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1444657.20   | 0.11%             | 2053-09-15      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132D53H3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4189490 | PA      | $3932428.86   | 0.29%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CityLine Commercial Mortgage Trust                                  | CityLine Commercial Mortgage Trust, Series 2016-CLNE, Class A                                  | CUSIP: 178772AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7388000 | PA      | $7113252.10   | 0.52%             | 2031-11-10      | Variable      | 2.78%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1913906.24   | 0.14%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                          | Alliant Energy Finance LLC                                                                     | CUSIP: 01882YAB2<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   7525000 | PA      | $6957513.11   | 0.51%             | 2028-06-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities Trust                        | Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A                         | CUSIP: 63874TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $741313.39    | 0.05%             | 2038-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                                    | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2030557.16   | 0.15%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                   | Philip Morris International, Inc.                                                              | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    945000 | PA      | $958682.10    | 0.07%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LCM 37 Ltd.                                                         | LCM 37 Ltd., Series 37A, Class A1                                                              | CUSIP: 50204JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1874494.40   | 0.14%             | 2034-04-15      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| AutoZone, Inc.                                                      | AutoZone, Inc.                                                                                 | CUSIP: 053332BB7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4845926.15   | 0.36%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings plc                                                   | HSBC Holdings plc                                                                              | CUSIP: 404280CM9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3500000 | PA      | $3017740.11   | 0.22%             | 2027-05-24      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DV4B8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1919669 | PA      | $1822781.07   | 0.13%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP                           | Invitation Homes Operating Partnership LP                                                      | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   5525000 | PA      | $4027968.71   | 0.30%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Ares LVI CLO Ltd.                                                   | Ares LVI CLO Ltd., Series 2020-56A, Class AR                                                   | CUSIP: 04018NAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2050000 | PA      | $1998071.45   | 0.15%             | 2034-10-25      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DWE41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15819370 | PA      | $14376367.14  | 1.06%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goodgreen                                                           | Goodgreen, Series 2022-1A, Class A                                                             | CUSIP: 38218JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1466676 | PA      | $1279645.98   | 0.09%             | 2056-10-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| HERO Funding Trust                                                  | HERO Funding Trust, Series 2015-3A, Class A                                                    | CUSIP: 42771TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    724328 | PA      | $691432.11    | 0.05%             | 2041-09-20      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| Goodgreen Trust                                                     | Goodgreen Trust, Series 2017-1A, Class A                                                       | CUSIP: 38217VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356507 | PA      | $330242.82    | 0.02%             | 2052-10-15      | Fixed         | 3.74%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch Cos. LLC                                             | Anheuser-Busch Cos. LLC                                                                        | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4090838.49   | 0.30%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Silgan Holdings, Inc.                                               | Silgan Holdings, Inc.                                                                          | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2073292.48   | 0.15%             | 2026-04-01      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Var Energi ASA                                                      | Var Energi ASA                                                                                 | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    800000 | PA      | $814881.42    | 0.06%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Fells Point Funding Trust                                           | Fells Point Funding Trust                                                                      | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13750000 | PA      | $12513753.86  | 0.92%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 22 Ltd.                                                    | AMMC CLO 22 Ltd., Series 2018-22A, Class A                                                     | CUSIP: 00177HAA7<br>LEI: 549300ZW9D4NPX7LOC22 | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $8866458.00   | 0.65%             | 2031-04-25      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Wellman Park CLO Ltd.                                               | Wellman Park CLO Ltd., Series 2021-1A, Class A                                                 | CUSIP: 949723AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4891290.00   | 0.36%             | 2034-07-15      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                               | Lockheed Martin Corp.                                                                          | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    600000 | PA      | $519039.56    | 0.04%             | 2042-12-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                                                  | HERO Funding Trust, Series 2014-2A, Class A                                                    | CUSIP: 42770QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    627974 | PA      | $586434.73    | 0.04%             | 2040-09-21      | Fixed         | 3.99%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6768398.42   | 0.50%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| RASC Trust                                                          | RASC Trust, Series 2005-KS12, Class M2                                                         | CUSIP: 753910AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1914799 | PA      | $1902160.44   | 0.14%             | 2036-01-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                        | CUSIP: 44891ABP1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5080000 | PA      | $4346108.55   | 0.32%             | 2027-10-15      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3138W7NQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    869119 | PA      | $812784.15    | 0.06%             | 2043-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Moody's Corp.                                                       | Moody's Corp.                                                                                  | CUSIP: 615369AT2<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $1795230.81   | 0.13%             | 2050-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                               | International Business Machines Corp.                                                          | CUSIP: 459200KU4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $3959360.50   | 0.29%             | 2032-07-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  52733904 | PA      | $42938159.26  | 3.16%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140J6GM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3589732 | PA      | $3429485.98   | 0.25%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $12852421.92  | 0.95%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DWCS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7591693 | PA      | $5850371.99   | 0.43%             | 2051-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                                 | Union Pacific Corp.                                                                            | CUSIP: 907818FG8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2162948.48   | 0.16%             | 2060-03-20      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CBV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7570000.00   | 0.56%             | 2024-04-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1382343.75   | 0.10%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26000000 | PA      | $23283203.06  | 1.71%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                     | Citigroup, Inc.                                                                                | CUSIP: 172967NN7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1411231.06   | 0.10%             | 2033-03-17      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Evergy Missouri West, Inc.                                          | Evergy Missouri West, Inc.                                                                     | CUSIP: 30037EAA1<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $2754707.40   | 0.20%             | 2032-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418DET5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5031874 | PA      | $4652167.14   | 0.34%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                                | LXP Industrial Trust                                                                           | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $3982755.55   | 0.29%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                                         | Raytheon Technologies Corp.                                                                    | CUSIP: 913017CA5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1667292.00   | 0.12%             | 2045-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Cedar Funding VIII CLO Ltd.                                         | Cedar Funding VIII CLO Ltd., Series 2017-8A, Class A1R                                         | CUSIP: 15032EAL3<br>LEI: 549300PTCF9P2JDL1E69 | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1755662.40   | 0.13%             | 2034-10-17      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CAP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $964726.56    | 0.07%             | 2023-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                      | Citizens Financial Group, Inc.                                                                 | CUSIP: 174610AW5<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $4601962.52   | 0.34%             | 2032-09-30      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                        | Exelon Corp.                                                                                   | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    695000 | PA      | $645236.37    | 0.05%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                                                    | S&P Global, Inc.                                                                               | CUSIP: 78409VBC7<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4691247.83   | 0.35%             | 2032-03-01      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| ING Groep NV                                                        | ING Groep NV                                                                                   | CUSIP: 456837BC6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $880412.47    | 0.06%             | 2033-03-28      | Variable      | 4.25%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CEU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $8698710.96   | 0.64%             | 2025-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                            | CUSIP: 592643BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2537954.80   | 0.19%             | 2047-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERAL & CO                                               | Government Agency Repurchase Agreement                                                         | CUSIP: N/A<br>LEI: 5493004J7H4GCPG6OB62       | Long             | RA               | CORP              | US        |   6768330 | PA      | $6768330.00   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DV6V2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8399167 | PA      | $7401455.33   | 0.54%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                           | CUSIP: 31381RN91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    814795 | PA      | $809425.26    | 0.06%             | 2028-06-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                            | CUSIP: 592643AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7371550.20   | 0.54%             | 2046-10-01      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                           | CUSIP: 31381MQW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2279202 | PA      | $2272440.03   | 0.17%             | 2028-04-01      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                         | Amgen, Inc.                                                                                    | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1565327.67   | 0.12%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CBR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26000000 | PA      | $24648203.06  | 1.81%             | 2024-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| E3                                                                  | E3, Series 2019-1, Class A                                                                     | CUSIP: 269330AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    733967 | PA      | $628952.58    | 0.05%             | 2055-09-20      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corp.                                                       | Comcast Corp.                                                                                  | CUSIP: 20030NDA6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   3905000 | PA      | $3378288.56   | 0.25%             | 2030-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3133B93G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9628835 | PA      | $8162933.66   | 0.60%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                                         | Targa Resources Partners LP                                                                    | CUSIP: 87612BBU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4420000 | PA      | $3718943.80   | 0.27%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GE Capital Funding LLC                                              | GE Capital Funding LLC                                                                         | CUSIP: 36166NAK9<br>LEI: 549300XAGH9TOLX5XM67 | Long             | DBT              | CORP              | US        |   1207000 | PA      | $1145730.40   | 0.08%             | 2032-05-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5574375.00   | 0.41%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                 | Kinder Morgan, Inc.                                                                            | CUSIP: 49456BAS0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    395000 | PA      | $255017.15    | 0.02%             | 2050-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.                           | Carlyle Global Market Strategies CLO Ltd., Series 2016-1A, Class A1R2                          | CUSIP: 14312HAU0<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $778685.60    | 0.06%             | 2034-04-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | CDI                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        | 104300000 | PA      | $-713321.29   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                       | PepsiCo, Inc.                                                                                  | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4714451.20   | 0.35%             | 2032-07-18      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| Kinder Morgan, Inc.                                                 | Kinder Morgan, Inc.                                                                            | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    450000 | PA      | $410315.12    | 0.03%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140XHHT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8714150 | PA      | $7111315.46   | 0.52%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                   | Philip Morris International, Inc.                                                              | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1503653.65   | 0.11%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Amazon.com, Inc.                                                    | Amazon.com, Inc.                                                                               | CUSIP: 023135CR5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   4175000 | PA      | $4132524.09   | 0.30%             | 2032-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21309062.50  | 1.57%             | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                        | Pacific Gas and Electric Co.                                                                   | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    735000 | PA      | $570276.55    | 0.04%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                | Charter Communications Operating LLC                                                           | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $364840.64    | 0.03%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                          | US Bancorp                                                                                     | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $380485.85    | 0.03%             | 2036-11-03      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DV6Q3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8701715 | PA      | $7118859.19   | 0.52%             | 2050-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                          | Tennessee Valley Authority                                                                     | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |  11793000 | PA      | $12932720.33  | 0.95%             | 2036-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54800000 | PA      | $38107405.98  | 2.80%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                          | Verus Securitization Trust, Series 2022-3, Class A1                                            | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720844 | PA      | $680462.91    | 0.05%             | 2067-02-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Partners LP                                         | Targa Resources Partners LP                                                                    | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1720119.75   | 0.13%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Golden Bear LLC                                                     | Golden Bear LLC, Series 2016-1A, Class A                                                       | CUSIP: 38081EAA9<br>LEI: 549300T04S4BVE82F105 | Long             | ABS-O            | CORP              | US        |   2080655 | PA      | $1825145.37   | 0.13%             | 2047-09-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK BRANCH                                       | Treasury Repurchase Agreement                                                                  | CUSIP: N/A<br>LEI: ANGGYXNX0JLX3X63JN86       | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| BPCE SA                                                             | BPCE SA                                                                                        | CUSIP: 05578QAF0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3750000 | PA      | $2736245.81   | 0.20%             | 2032-10-19      | Variable      | 3.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 10 Year Note                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       443 | NC      | $-483422.58   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                                               | Gilead Sciences, Inc.                                                                          | CUSIP: 375558AX1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2544667.12   | 0.19%             | 2044-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Reese Park CLO Ltd.                                                 | Reese Park CLO Ltd., Series 2020-1A, Class AR                                                  | CUSIP: 758465BA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1507492.80   | 0.11%             | 2034-10-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXXIV                                                    | Apidos CLO XXXIV, Series 2020-34A, Class A1R                                                   | CUSIP: 03768WAL9<br>LEI: 5493001VH1Y9SEPJKZ47 | Long             | ABS-CBDO         | CORP              | KY        |   4100000 | PA      | $3994404.50   | 0.29%             | 2035-01-20      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CDL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $9552382.84   | 0.70%             | 2028-11-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                         | Tricon American Homes Trust, Series 2019-SFR1, Class A                                         | CUSIP: 89612LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7582931 | PA      | $6947138.93   | 0.51%             | 2038-03-17      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                           | CUSIP: 3138L72F2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1474103 | PA      | $1605723.79   | 0.12%             | 2030-01-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                   | Duke Energy Corp.                                                                              | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   3955000 | PA      | $3805594.61   | 0.28%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| FMR LLC                                                             | FMR LLC                                                                                        | CUSIP: 30251BAE8<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $877542.60    | 0.06%             | 2043-02-01      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                  | British Airways Pass-Through Trust, Series 2013-1, Class A                                     | CUSIP: 11042AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3640032 | PA      | $3533902.85   | 0.26%             | 2024-06-20      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                   | Piedmont Operating Partnership LP                                                              | CUSIP: 720198AD2<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   9050000 | PA      | $8891281.64   | 0.65%             | 2024-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                        | CUSIP: 44891ABT3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    672000 | PA      | $551105.27    | 0.04%             | 2028-01-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: —       |
| FCI Funding LLC                                                     | FCI Funding LLC, Series 2021-1A, Class A                                                       | CUSIP: 30260GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    901780 | PA      | $880701.88    | 0.06%             | 2033-04-15      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                               | Dominion Energy, Inc., Series A                                                                | CUSIP: 25746UCZ0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2943321.19   | 0.22%             | 2049-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NYMT Loan Trust                                                     | NYMT Loan Trust, Series 2022-CP1, Class M2                                                     | CUSIP: 62955VAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1839000 | PA      | $1499432.51   | 0.11%             | 2061-07-25      | Fixed         | 3.51%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXII                                                     | Apidos CLO XXII, Series 2015-22A, Class A1R                                                    | CUSIP: 03765XAG1<br>LEI: 5493003SQW0Q40KVFQ19 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4924260.00   | 0.36%             | 2031-04-20      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CAJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $17984375.00  | 1.32%             | 2025-08-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Valero Energy Partners LP                                           | Valero Energy Partners LP                                                                      | CUSIP: 91914JAB8<br>LEI: 549300WH1375KZXLJ231 | Long             | DBT              | CORP              | US        |    320000 | PA      | $310265.20    | 0.02%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                  | VICI Properties LP                                                                             | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3611205.00   | 0.27%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CDN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $46796875.00  | 3.44%             | 2024-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| WP Carey, Inc.                                                      | WP Carey, Inc.                                                                                 | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $3711694.13   | 0.27%             | 2032-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140MM3V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9944407 | PA      | $8730849.21   | 0.64%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cargill, Inc.                                                       | Cargill, Inc.                                                                                  | CUSIP: 141781BZ6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5008780.55   | 0.37%             | 2032-10-11      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | FNMA, Series 2009-78, Class BM                                                                 | CUSIP: 31398FLA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25424 | PA      | $25293.87     | 0.00%             | 2039-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DWCP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  30196955 | PA      | $25629652.83  | 1.89%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                                       | Walmart, Inc.                                                                                  | CUSIP: 931142EY5<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4870720.20   | 0.36%             | 2032-09-09      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| Targa Resources Partners LP                                         | Targa Resources Partners LP                                                                    | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1430937.89   | 0.11%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| PPL Capital Funding, Inc.                                           | PPL Capital Funding, Inc.                                                                      | CUSIP: 69352PAQ6<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    472000 | PA      | $435865.08    | 0.03%             | 2030-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                   | BAT Capital Corp.                                                                              | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3371832.72   | 0.25%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                    | Bank of Montreal                                                                               | CUSIP: 06368DH72<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4750000 | PA      | $3591492.91   | 0.26%             | 2037-01-10      | Variable      | 3.09%                 | No            |                  2 | On Loan: —       |
| BPCE SA                                                             | BPCE SA                                                                                        | CUSIP: 05578QAA1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $2977392.18   | 0.22%             | 2023-10-22      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132D6CU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15000001 | PA      | $14354146.84  | 1.06%             | 2037-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Newell Brands, Inc.                                                 | Newell Brands, Inc.                                                                            | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1046000 | PA      | $833739.37    | 0.06%             | 2046-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3133KNEE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9922705 | PA      | $8399431.44   | 0.62%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                                         | AREIT Trust, Series 2022-CRE6, Class A                                                         | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2186578 | PA      | $2088075.86   | 0.15%             | 2037-01-16      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies BV                                             | Sensata Technologies BV, Term Loan                                                             | CUSIP: 81727PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    986651 | PA      | $980484.80    | 0.07%             | 2026-09-20      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                    | GE HealthCare Technologies, Inc.                                                               | CUSIP: 36267VAG8<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5116808.60   | 0.38%             | 2030-03-15      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                  | United Airlines Pass-Through Trust, Series 2016-1, Class B                                     | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.08         | 0.00%             | 2026-01-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BB-UBS Trust                                                        | BB-UBS Trust, Series 2012-SHOW, Class B                                                        | CUSIP: 05538UAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4637794.50   | 0.34%             | 2036-11-05      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    908673 | PA      | $840431.11    | 0.06%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                         | Tricon American Homes Trust, Series 2017-SFR2, Class A                                         | CUSIP: 89613FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12530795 | PA      | $12149875.59  | 0.89%             | 2036-01-17      | Fixed         | 2.93%                 | Yes           |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                   | Exxon Mobil Corp.                                                                              | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1693873.13   | 0.12%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                          | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2125257.54   | 0.16%             | 2030-02-07      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418ECU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10748442 | PA      | $9559646.75   | 0.70%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132D56Z0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18488019 | PA      | $16015741.41  | 1.18%             | 2036-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                                   | Georgia Power Co.                                                                              | CUSIP: 373334KQ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4579283.81   | 0.34%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 38 Ltd.                          | Neuberger Berman Loan Advisers CLO 38 Ltd., Series 2020-38A, Class AR                          | CUSIP: 64133RAJ5<br>LEI: 549300SM4FYZ8US63U33 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4879060.00   | 0.36%             | 2035-10-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                                        | AbbVie, Inc.                                                                                   | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1120344.94   | 0.08%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140J7WR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1456638 | PA      | $1350250.23   | 0.10%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                      | Commonwealth Bank of Australia                                                                 | CUSIP: 202712BS3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   4000000 | PA      | $3297133.24   | 0.24%             | 2032-03-14      | Fixed         | 3.78%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3133BGVR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  29529558 | PA      | $27706193.57  | 2.04%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                                         | Continental Resources, Inc.                                                                    | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1219427.02   | 0.09%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Black Hills Corp.                                                   | Black Hills Corp.                                                                              | CUSIP: 092113AR0<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1145093.85   | 0.08%             | 2029-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                                        | Evergy, Inc.                                                                                   | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   3505000 | PA      | $3026703.53   | 0.22%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                                    | Jersey Central Power & Light Co.                                                               | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |    170000 | PA      | $137281.05    | 0.01%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                            | Angel Oak Mortgage Trust, Series 2020-1, Class A1                                              | CUSIP: 03464RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    949456 | PA      | $886798.55    | 0.07%             | 2059-12-25      | Variable      | 2.47%                 | Yes           |                  2 | On Loan: No      |
| MassMutual Global Funding II                                        | MassMutual Global Funding II                                                                   | CUSIP: 57629WCW8<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1541211.44   | 0.11%             | 2030-10-09      | Fixed         | 1.55%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp., Series L                                                                | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3794002.48   | 0.28%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: —       |
| FCI Funding LLC                                                     | FCI Funding LLC, Series 2019-1A, Class A                                                       | CUSIP: 30259MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52826 | PA      | $52775.62     | 0.00%             | 2031-02-18      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury Ultra Bond                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -10 | NC      | $6929.13      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3138WHYE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5321195 | PA      | $4762854.37   | 0.35%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                        | Verizon Communications, Inc.                                                                   | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2467075.68   | 0.18%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                        | Verizon Communications, Inc.                                                                   | CUSIP: 92343VFD1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3345000 | PA      | $2616993.36   | 0.19%             | 2050-03-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                            | HP, Inc.                                                                                       | CUSIP: 40434LAC9<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $847088.24    | 0.06%             | 2030-06-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                  | Energy Transfer LP                                                                             | CUSIP: 29273RAR0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2322687.88   | 0.17%             | 2042-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 32 Ltd.                          | Neuberger Berman Loan Advisers CLO 32 Ltd., Series 2019-32A, Class AR                          | CUSIP: 64132DAJ7<br>LEI: 5493007YBEOXQIHH3C54 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $983421.00    | 0.07%             | 2032-01-20      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Continental Resources, Inc.                                         | Continental Resources, Inc.                                                                    | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    865000 | PA      | $792564.90    | 0.06%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Appalachian Power Co.                                               | Appalachian Power Co., Series Z                                                                | CUSIP: 037735CY1<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |   2805000 | PA      | $2042859.62   | 0.15%             | 2050-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA N.A.                                                | Government Agency Repurchase Agreement                                                         | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | RA               | CORP              | US        |   4000000 | PA      | $4000000.00   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                                           | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1212909.73   | 0.09%             | 2031-11-19      | Variable      | 1.76%                 | No            |                  2 | On Loan: —       |
| Schlumberger Holdings Corp.                                         | Schlumberger Holdings Corp.                                                                    | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   4389000 | PA      | $4089180.08   | 0.30%             | 2028-05-17      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                  | T-Mobile USA, Inc.                                                                             | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3960000 | PA      | $2642676.38   | 0.19%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ITC Holdings Corp.                                                  | ITC Holdings Corp.                                                                             | CUSIP: 465685AR6<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2189308.34   | 0.16%             | 2027-09-22      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140Q9W74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1943855 | PA      | $1853448.43   | 0.14%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                       | Comcast Corp.                                                                                  | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   5432000 | PA      | $3359286.28   | 0.25%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                                     | NGPL PipeCo LLC                                                                                | CUSIP: 62928CAA0<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $4392376.20   | 0.32%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $41993359.10  | 3.09%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                    | BP Capital Markets America, Inc.                                                               | CUSIP: 10373QBP4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1185124.73   | 0.09%             | 2051-06-04      | Fixed         | 2.94%                 | No            |                  2 | On Loan: —       |
| Southern California Edison Co.                                      | Southern California Edison Co.                                                                 | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2161502.83   | 0.16%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140MA2R4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19964302 | PA      | $17527994.04  | 1.29%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Finance, Inc.                                  | Anheuser-Busch InBev Finance, Inc.                                                             | CUSIP: 035242AN6<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1545427.87   | 0.11%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4837918 | PA      | $4248161.04   | 0.31%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Entergy Arkansas LLC                                                | Entergy Arkansas LLC                                                                           | CUSIP: 29364DAV2<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3550960.35   | 0.26%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARES XLIV CLO Ltd.                                                  | ARES XLIV CLO Ltd., Series 2017-44A, Class A1R                                                 | CUSIP: 04016NAM5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4870065.00   | 0.36%             | 2034-04-15      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140H5DW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2188581 | PA      | $2029394.53   | 0.15%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DV6R1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3473340 | PA      | $2841943.58   | 0.21%             | 2050-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6375000 | PA      | $5107968.75   | 0.38%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NYMT Loan Trust                                                     | NYMT Loan Trust, Series 2022-CP1, Class A2                                                     | CUSIP: 62955VAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2723000 | PA      | $2249331.70   | 0.17%             | 2061-07-25      | Fixed         | 3.01%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418CFD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6963876 | PA      | $6218293.23   | 0.46%             | 2047-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                          | Verus Securitization Trust, Series 2022-3, Class A2                                            | CUSIP: 92538UAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    958686 | PA      | $866479.54    | 0.06%             | 2067-02-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                           | Vistra Operations Co. LLC                                                                      | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1263885.25   | 0.09%             | 2029-07-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3138WJM96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2278336 | PA      | $2046224.50   | 0.15%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Renew                                                               | Renew, Series 2018-1, Class A                                                                  | CUSIP: 75973FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2719355 | PA      | $2498003.12   | 0.18%             | 2053-09-20      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                      | Southern Co. Gas Capital Corp.                                                                 | CUSIP: 001192AM5<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1163589.49   | 0.09%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                                         | Apple, Inc.                                                                                    | CUSIP: 037833EP1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   8350000 | PA      | $7579946.97   | 0.56%             | 2032-08-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132D56U1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14563905 | PA      | $12616445.14  | 0.93%             | 2036-01-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                              | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1424299.68   | 0.10%             | 2033-07-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: —       |
| Dignity Health                                                      | Dignity Health                                                                                 | CUSIP: 254010AD3<br>LEI: TFVG45LTYVO3XKPZWP18 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3878008.72   | 0.29%             | 2024-11-01      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 2 Year Note                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       444 | NC      | $110036.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aventura Mall Trust                                                 | Aventura Mall Trust, Series 2018-AVM, Class A                                                  | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1252056.12   | 0.09%             | 2040-07-05      | Variable      | 4.11%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury Long Bond                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -108 | NC      | $96772.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Pass-Through Trust                                  | United Airlines Pass-Through Trust, Series 2020-1, Class A                                     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4979415 | PA      | $4909433.80   | 0.36%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                | Charter Communications Operating LLC                                                           | CUSIP: 161175BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1187100.70   | 0.09%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ares LXIII CLO Ltd.                                                 | Ares LXIII CLO Ltd., Series 2022-63A, Class A1A                                                | CUSIP: 039937AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4873485.00   | 0.36%             | 2035-04-20      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140Q9N25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1050525 | PA      | $1029387.78   | 0.08%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                                      | Huntington National Bank (The)                                                                 | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2015267.56   | 0.15%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| Bacardi Ltd.                                                        | Bacardi Ltd.                                                                                   | CUSIP: 067316AH2<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   2325000 | PA      | $2070718.61   | 0.15%             | 2048-05-15      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Var Energi ASA                                                      | Var Energi ASA                                                                                 | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   5665623 | PA      | $5308890.28   | 0.39%             | 2027-05-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GlaxoSmithKline Capital, Inc.                                       | GlaxoSmithKline Capital, Inc.                                                                  | CUSIP: 377372AN7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2397032.10   | 0.18%             | 2028-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                      | Southern Co. Gas Capital Corp.                                                                 | CUSIP: 001192AL7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6752172.14   | 0.50%             | 2025-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                           | Vistra Operations Co. LLC                                                                      | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5470930.08   | 0.40%             | 2027-01-30      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| Spirit Realty LP                                                    | Spirit Realty LP                                                                               | CUSIP: 84861TAH1<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2853690.56   | 0.21%             | 2028-03-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140FTMF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4370284 | PA      | $4056560.92   | 0.30%             | 2047-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                                    | Jersey Central Power & Light Co.                                                               | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1931713.50   | 0.14%             | 2026-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                  | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C18, Class 300B                | CUSIP: 61763XBH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10500000 | PA      | $9631218.45   | 0.71%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 10 Year Ultra Note                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -184 | NC      | $183230.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| METROPOLITAN LIFE INSURANCE COMPANY                                 | Treasury Repurchase Agreement                                                                  | CUSIP: N/A<br>LEI: 549300H7EXFMRS487544       | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                               | Westpac Banking Corp.                                                                          | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   4750000 | PA      | $3531469.44   | 0.26%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                        | AbbVie, Inc.                                                                                   | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $1906617.51   | 0.14%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                | Glencore Funding LLC                                                                           | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    420000 | PA      | $380137.50    | 0.03%             | 2025-09-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Intel Corp.                                                         | Intel Corp.                                                                                    | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $1949393.02   | 0.14%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates  | Park Place Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-WCH1, Class M4 | CUSIP: 70069FFL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    544255 | PA      | $531919.51    | 0.04%             | 2036-01-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Dryden 77 CLO Ltd.                                                  | Dryden 77 CLO Ltd., Series 2020-77A, Class AR                                                  | CUSIP: 26252VAS0<br>LEI: 254900XGNUOV0Y3IBA68 | Long             | ABS-CBDO         | CORP              | KY        |   6600000 | PA      | $6418308.60   | 0.47%             | 2034-05-20      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| BXP Trust                                                           | BXP Trust, Series 2017-GM, Class B                                                             | CUSIP: 056083AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3900000 | PA      | $3335753.07   | 0.25%             | 2039-06-13      | Variable      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23000000 | PA      | $19621875.00  | 1.44%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9760546.90   | 0.72%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                               | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4044055.37   | 0.30%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| New Residential Mortgage Loan Trust                                 | New Residential Mortgage Loan Trust, Series 2014-2A, Class A3                                  | CUSIP: 64828YAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    517904 | PA      | $471650.22    | 0.03%             | 2054-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                          | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2897848.14   | 0.21%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | U.S. Treasury 5 Year Note                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       156 | NC      | $-23600.89    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NYMT Loan Trust                                                     | NYMT Loan Trust, Series 2022-CP1, Class M1                                                     | CUSIP: 62955VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2723000 | PA      | $2244395.44   | 0.17%             | 2061-07-25      | Fixed         | 3.21%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                                           | CUSIP: 31381RA46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1096633 | PA      | $1134221.69   | 0.08%             | 2041-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418EJ43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14860415 | PA      | $13504947.15  | 0.99%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 9128282R0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $13875585.90  | 1.02%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating LP                                        | Sun Communities Operating LP                                                                   | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   4226000 | PA      | $3518040.45   | 0.26%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                            | UnitedHealth Group, Inc.                                                                       | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2516489.06   | 0.19%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140EUFW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2412992 | PA      | $2311262.16   | 0.17%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                          | Warnermedia Holdings, Inc.                                                                     | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $4777835.49   | 0.35%             | 2032-03-15      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                                           | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1071142.66   | 0.08%             | 2033-07-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3138WJXN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2351366 | PA      | $2100998.59   | 0.15%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                  | British Airways Pass-Through Trust, Series 2021-1, Class A                                     | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.13         | 0.00%             | 2035-03-15      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| Goodgreen                                                           | Goodgreen, Series 2019-2A, Class A                                                             | CUSIP: 38218EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3873653 | PA      | $3331179.57   | 0.25%             | 2055-04-15      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                                 | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2194461.19   | 0.16%             | 2037-04-20      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                               | CUSIP: 097023CP8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1520995.58   | 0.11%             | 2035-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140Q8V28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4587237 | PA      | $4257824.68   | 0.31%             | 2048-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                                           | CUSIP: 3132DWDD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14263955 | PA      | $12078113.72  | 0.89%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Magnetite XXXII Ltd.                                                | Magnetite XXXII Ltd., Series 2022-32A, Class A                                                 | CUSIP: 55953WAA8<br>LEI: 549300QUG3I8PF6T6C52 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4931350.00   | 0.36%             | 2035-04-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Citigroup, Inc.                                                     | Citigroup, Inc.                                                                                | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2984463.98   | 0.22%             | 2031-03-31      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                                                  | HERO Funding Trust, Series 2015-2A, Class A                                                    | CUSIP: 42770UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1729103 | PA      | $1637008.14   | 0.12%             | 2040-09-20      | Fixed         | 3.99%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  43616588 | PA      | $35513025.51  | 2.61%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CSL Finance plc                                                     | CSL Finance plc                                                                                | CUSIP: 12661PAC3<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $6591349.80   | 0.48%             | 2032-04-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| AT&T, Inc.                                                          | AT&T, Inc.                                                                                     | CUSIP: 00206RKA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   6120000 | PA      | $4310390.79   | 0.32%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                                           | CUSIP: 46647PBV7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1209489.93   | 0.09%             | 2041-11-19      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                              | Home Depot, Inc. (The)                                                                         | CUSIP: 437076CN0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2984676.00   | 0.22%             | 2027-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2007-6, Class PA                                                                  | CUSIP: 31396PRK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38098 | PA      | $37046.06     | 0.00%             | 2037-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                               | Ashtead Capital, Inc.                                                                          | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1550657.08   | 0.11%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| Ashtead Capital, Inc.                                               | Ashtead Capital, Inc.                                                                          | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $5926206.07   | 0.44%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| Appalachian Power Co.                                               | Appalachian Power Co., Series BB                                                               | CUSIP: 037735DA2<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2652648.87   | 0.20%             | 2032-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                                        | CUSIP: 44891ABL0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1753007.06   | 0.13%             | 2030-04-08      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| Continental Resources, Inc.                                         | Continental Resources, Inc.                                                                    | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   3155000 | PA      | $2336871.30   | 0.17%             | 2032-04-01      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                 | New Residential Mortgage Loan Trust, Series 2018-5A, Class A1                                  | CUSIP: 64829XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2057-12-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Invesco CLO Ltd.                                                    | Invesco CLO Ltd., Series 2021-2A, Class A                                                      | CUSIP: 46149MAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4855140.00   | 0.36%             | 2034-07-15      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Broad River Bsl Funding CLO Ltd.                                    | Broad River Bsl Funding CLO Ltd., Series 2020-1A, Class AR                                     | CUSIP: 11124TAJ3<br>LEI: 5493000KEEYM16WOW109 | Long             | ABS-CBDO         | CORP              | KY        |   6600000 | PA      | $6388034.40   | 0.47%             | 2034-07-20      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                                          | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1918763.75   | 0.14%             | 2031-07-23      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Cytec Industries, Inc.                                              | Cytec Industries, Inc.                                                                         | CUSIP: 232820AK6<br>LEI: 549300CC16G1Y2NHCH33 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5546589.04   | 0.41%             | 2025-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Air Canada Pass-Through Trust                                       | Air Canada Pass-Through Trust, Series 2015-1, Class B                                          | CUSIP: 009090AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   6115428 | PA      | $6072249.82   | 0.45%             | 2023-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NRZ Advance Receivables Trust                                       | NRZ Advance Receivables Trust, Series 2020-T2, Class BT2                                       | CUSIP: 62942QCX9<br>LEI: 549300RNWDDBV4LFKJ17 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $191890.22    | 0.01%             | 2053-09-15      | Fixed         | 1.72%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11500000 | PA      | $10082265.63  | 0.74%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Edison Co.                                             | Metropolitan Edison Co.                                                                        | CUSIP: 591894CC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5631552.30   | 0.41%             | 2029-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $4953867.17   | 0.36%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                              | CVS Pass-Through Trust                                                                         | CUSIP: 126650BQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7079304 | PA      | $7208376.87   | 0.53%             | 2030-01-10      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corp.                                        | Chase Mortgage Finance Corp., Series 2016-SH1, Class M2                                        | CUSIP: 16163YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725291 | PA      | $607633.57    | 0.04%             | 2045-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 3140XGFW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  33917247 | PA      | $28784805.82  | 2.12%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Invesco CLO Ltd.                                                    | Invesco CLO Ltd., Series 2021-1A, Class A1                                                     | CUSIP: 46090XAA9<br>LEI: 25490016C8NV86EY2059 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1506424.85   | 0.11%             | 2034-04-15      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                                            | CUSIP: 912810EP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1003152.76   | 0.07%             | 2023-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| New Residential Mortgage Loan Trust                                 | New Residential Mortgage Loan Trust, Series 2019-2A, Class A1                                  | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2057-12-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FMR LLC                                                             | FMR LLC                                                                                        | CUSIP: 30251BAC2<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2056008.34   | 0.15%             | 2040-12-14      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                                                    | CVS Health Corp.                                                                               | CUSIP: 126650DL1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    115000 | PA      | $91530.18     | 0.01%             | 2050-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                                 | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4586253.25   | 0.34%             | 2028-07-22      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                                 | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $686815.82    | 0.05%             | 2029-01-24      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                             | Level 3 Financing, Inc.                                                                        | CUSIP: 527298BN2<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    575000 | PA      | $478687.50    | 0.04%             | 2027-09-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Waste Connections, Inc.                                             | Waste Connections, Inc.                                                                        | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4643720.25   | 0.34%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 912828ZN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $861054.69    | 0.06%             | 2027-04-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Magnetite XXVIII Ltd.                                               | Magnetite XXVIII Ltd., Series 2020-28A, Class AR                                               | CUSIP: 55955LAJ1<br>LEI: 54930077HHZ1QV5CPQ30 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4860920.00   | 0.36%             | 2035-01-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                                            | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1861171.88   | 0.14%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                        | UBS Group AG                                                                                   | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $9569757.90   | 0.70%             | 2028-05-12      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RR 1 LLC                                                            | RR 1 LLC, Series 2017-1A, Class A1AB                                                           | CUSIP: 78108YAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $4888640.00   | 0.36%             | 2035-07-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Northern California Power Agency                                    | Northern California Power Agency                                                               | CUSIP: 664845DQ4<br>LEI: 549300QYTU4PHD2XHS96 | Long             | DBT              | MUN               | US        |   3885000 | PA      | $4538554.90   | 0.33%             | 2040-06-01      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust, Inc.                                 | Citigroup Mortgage Loan Trust, Inc., Series 2018-RP1, Class A1                                 | CUSIP: 17326QAA1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    350978 | PA      | $334725.70    | 0.02%             | 2064-09-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                                           | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19523338 | PA      | $18792794.60  | 1.38%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Nationwide Variable Insurance Trust

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer