# EDGAR Filing Document

**Accession Number:** 0001131013
**File Stem:** 0002066578-25-000490
**Filing Date:** 2025-8
**Character Count:** 85401
**Document Hash:** ce67a2636c0fa552b6d412823b04ee25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-000490.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0002066578-25-000490

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GuideStone Funds
- **CENTRAL INDEX KEY:** 0001131013

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10263
- **FILM NUMBER:** 251256360

**BUSINESS ADDRESS:**
- **STREET 1:** 5005 LYNDON B. JOHNSON FREEWAY
- **STREET 2:** SUITE 2200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75244-6152
- **BUSINESS PHONE:** 214-720-2148

**MAIL ADDRESS:**
- **STREET 1:** 5005 LYNDON B. JOHNSON FREEWAY
- **STREET 2:** SUITE 2200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75244-6152

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AB FUNDS TRUST/DE
- **DATE OF NAME CHANGE:** 20010405

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANNUITY BOARD FUNDS TRUST
- **DATE OF NAME CHANGE:** 20010102

## Series and Classes Contracts Data

### Defensive Market Strategies Fund (Series ID: S000033730)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000104139 | Institutional | GDMYX           |
| C000104140 | Investor      | GDMZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GuideStone Funds

- **b. Investment Company Act file number:** 811-10263

- **c. CIK number of Registrant:** 0001131013

- **d. LEI of Registrant:** 5493004CCGXMXJDWX424

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

  - **Street Address 1:** 5005 LBJ Freeway, Ste. 2200

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75244

  - **Telephone number:** 214-720-1170

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

- **a. Name of Series:** Defensive Market Strategies Fund

- **b. EDGAR series identifier (if any):** S000033730

- **c. LEI of Series:** 549300LIWRSF6O8WSR16

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1399843830.12

**Total Liabilities:** $3136338.03

**Net Assets:** $1396707492.09

**Cash Not Reported:** $1073357.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 96.250547529140 | **1-Year:** 1601.421624396412 | **5-Year:** 2606.179033162219 | **10-Year:** 89.875400979911 | **30-Year:** 0.000000000000

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

- **3-Month:** 132.038738778030 | **1-Year:** 5146.563332986937 | **5-Year:** 15167.482144887064 | **10-Year:** 430.991830784735 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000104139 | -0.87%               | 3.24%                | 2.64%                |
| Class ID C000104140 | -0.96%               | 3.25%                | 2.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5721067.61             | $2933280.41                                |
| Month 2  | $-1922258.98             | $18764809.19                               |
| Month 3  | $1905478.67              | $9801133.18                                |

**Designated Index Information**

- **Index Name:** 50% SNP500NR2/ 50% LTBILL1-3M

- **Index Identifier:** SNPLTBUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Guidestone Funds                         | Guidestone Funds MONEY MKT INSTL              | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |  21187473 | NS      | $21187473.15  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                          | JBTM 0.25 05/15/26                            | CUSIP: 477839AB0<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |    418000 | PA      | $416787.80    | 0.03%             | 2026-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Exact Sciences Corporation               | EXAS 2 03/01/30                               | CUSIP: 30063PAD7<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |    591000 | PA      | $599865.00    | 0.04%             | 2030-03-01      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.                     | NCLH 1.125 02/15/27                           | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1847000 | PA      | $1819295.00   | 0.13%             | 2027-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Halozyme Therapeutics Inc                | HALO 1 08/15/28                               | CUSIP: 40637HAF6<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |   1261000 | PA      | $1438801.00   | 0.10%             | 2028-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Inc                      | FOUR 0.5 08/01/27                             | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    788000 | PA      | $847100.00    | 0.06%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Lumentum Holdings Inc.                   | LITE 0.5 06/15/28                             | CUSIP: 55024UAF6<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   1233000 | PA      | $1278621.00   | 0.09%             | 2028-06-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                      | COIN 0.5 06/01/26                             | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1515670.00   | 0.11%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                       | POST 2.5 08/15/27                             | CUSIP: 737446AT1<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    723000 | PA      | $827112.00    | 0.06%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Itron, Inc.                              | ITRI 0 03/15/26                               | CUSIP: 465741AN6<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |    484000 | PA      | $547041.00    | 0.04%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership        | VTR 3.75 06/01/26                             | CUSIP: 92277GAZ0<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    878000 | PA      | $1051844.00   | 0.08%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bentley Systems Incorporated             | BSY 0.125 01/15/26                            | CUSIP: 08265TAB5<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1219331.00   | 0.09%             | 2026-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Spotify USA Inc                          | SPOT 0 03/15/26                               | CUSIP: 84921RAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1553000 | PA      | $2356522.20   | 0.17%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.               | NOG 3.625 04/15/29                            | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    511000 | PA      | $534633.75    | 0.04%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | BNP 0.125 06/17/27 000J                       | CUSIP: 05612DVY3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    897000 | PA      | $1097300.10   | 0.08%             | 2027-06-17      | Fixed         | 1.50%                 | No            |                  3 | On Loan: No      |
| Uber Technologies Inc                    | UBER 0 12/15/25                               | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $1248679.50   | 0.09%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| The Greenbrier Companies, Inc.           | GBX 2.875 04/15/28                            | CUSIP: 393657AM3<br>LEI: 5493001GAGGFR30BP390 | Long             | DBT              | CORP              | US        |    503000 | PA      | $535720.15    | 0.04%             | 2028-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                   | ON 0 05/01/27                                 | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    831000 | PA      | $986937.15    | 0.07%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rivian Automotive Inc                    | RIVN 4.625 03/15/29                           | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1432221.88   | 0.10%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MP Materials Corp                        | MPUS 3 03/01/30                               | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |    376000 | PA      | $652548.00    | 0.05%             | 2030-03-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp                         | DUK 4.125 04/15/26                            | CUSIP: 26441CBY0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1822000 | PA      | $1929953.50   | 0.14%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies, Inc.                | AKAM 0.375 09/01/27                           | CUSIP: 00971TAL5<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1171561.25   | 0.08%             | 2027-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Shopify Inc                              | SHOPCN 0.125 11/01/25                         | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |    443000 | PA      | $449423.50    | 0.03%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Jazz Investments I LTD                   | JAZZ 2 06/15/26                               | CUSIP: 472145AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1171000 | PA      | $1186515.75   | 0.08%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Middleby Corp.                           | MIDD 1 09/01/25                               | CUSIP: 596278AB7<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | DBT              | CORP              | US        |    792000 | PA      | $890208.00    | 0.06%             | 2025-09-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| H World Group Ltd.                       | HTHT 3 05/01/26                               | CUSIP: 44332NAB2<br>LEI: 549300Y5ML31FVN83730 | Long             | DBT              | CORP              | KY        |    504000 | PA      | $533232.00    | 0.04%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dropbox Inc                              | DBX 0 03/01/28                                | CUSIP: 26210CAD6<br>LEI: 549300JCDF7UAR6TJR51 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1428254.00   | 0.10%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| Progress Software Corp.                  | PRGS 1 04/15/26                               | CUSIP: 743312AB6<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |    405000 | PA      | $483975.00    | 0.03%             | 2026-04-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Lumentum Holdings Inc.                   | LITE 1.5 12/15/29                             | CUSIP: 55024UAH2<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |    472000 | PA      | $724992.00    | 0.05%             | 2029-12-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Lumentum Holdings Inc.                   | LITE 0.5 12/15/26                             | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   1078000 | PA      | $1271787.53   | 0.09%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Liberty Media Corp Del                   | SIRI 3.75 03/15/28                            | CUSIP: 531229AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    687000 | PA      | $715510.50    | 0.05%             | 2028-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty L P            | REXR 4.125 03/15/29                           | CUSIP: 76169XAE4<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |    907000 | PA      | $888406.50    | 0.06%             | 2029-03-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Halozyme Therapeutics Inc                | HALO 0.25 03/01/27                            | CUSIP: 40637HAD1<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |    601000 | PA      | $600248.75    | 0.04%             | 2027-03-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                       | F 0 03/15/26                                  | CUSIP: 345370CZ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1657000 | PA      | $1641258.50   | 0.12%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cloudflare Inc                           | NET 0 08/15/26                                | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |   1371000 | PA      | $1624429.35   | 0.12%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Super Micro Computer Inc.                | SMCI 2.25 07/15/28                            | CUSIP: 86800UAC8<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |    664000 | PA      | $778880.55    | 0.06%             | 2028-07-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Etsy Inc                                 | ETSY 0.125 10/01/26                           | CUSIP: 29786AAJ5<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |    377000 | PA      | $365218.75    | 0.03%             | 2026-10-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc.                          | SABHLD 7.32 08/01/26                          | CUSIP: 78573NAK8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    407000 | PA      | $449938.50    | 0.03%             | 2026-08-01      | Fixed         | 7.32%                 | No            |                  2 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.              | IONS 1.75 06/15/28                            | CUSIP: 462222AF7<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |    613000 | PA      | $645565.63    | 0.05%             | 2028-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Liberty Media Corp Del                   | FWONK 2.25 08/15/27                           | CUSIP: 531229AQ5<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | DBT              | CORP              | US        |    475000 | PA      | $632462.50    | 0.05%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Corporate Office Properties LP           | CDP 5.25 09/15/28                             | CUSIP: 22003BAQ9<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    312000 | PA      | $352902.67    | 0.03%             | 2028-09-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Tetra Tech Inc                           | TTEK 2.25 08/15/28                            | CUSIP: 88162GAB9<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | DBT              | CORP              | US        |    564000 | PA      | $636615.00    | 0.05%             | 2028-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Varonis Systems Inc                      | VRNS 1 09/15/29                               | CUSIP: 922280AC6<br>LEI: 549300SHIVNRRH7STS26 | Long             | DBT              | CORP              | US        |   1516000 | PA      | $1542151.00   | 0.11%             | 2029-09-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Cloudflare Inc                           | NET 0 06/15/30                                | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |    938000 | PA      | $1014447.00   | 0.07%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Nutanix Inc                              | NTNX 0.25 10/01/27                            | CUSIP: 67059NAH1<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |    272000 | PA      | $384064.00    | 0.03%             | 2027-10-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies, Inc.                | AKAM 1.125 02/15/29                           | CUSIP: 00971TAN1<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |    795000 | PA      | $756442.50    | 0.05%             | 2029-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Jazz Investments I LTD                   | JAZZ 3.125 09/15/30                           | CUSIP: 472145AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1040000 | PA      | $1107600.00   | 0.08%             | 2030-09-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: —       |
| MP Materials Corp                        | MPUS 0.25 04/01/26                            | CUSIP: 553368AA9<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |    596000 | PA      | $617977.50    | 0.04%             | 2026-04-01      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Tyler Technologies Inc.                  | TYL 0.25 03/15/26                             | CUSIP: 902252AB1<br>LEI: 25490040SMU4Z8LBCW70 | Long             | DBT              | CORP              | US        |   1483000 | PA      | $1830022.00   | 0.13%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                      | ASND 2.25 04/01/28                            | CUSIP: 04351PAD3<br>LEI: 549300B66JN3W3J8GH73 | Long             | DBT              | CORP              | DK        |    648000 | PA      | $812576.41    | 0.06%             | 2028-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Merit Medical Systems Inc.               | MMSI 3 02/01/29                               | CUSIP: 589889AA2<br>LEI: 549300OYTY138SP2CE83 | Long             | DBT              | CORP              | US        |    782000 | PA      | $979276.92    | 0.07%             | 2029-02-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Golar LNG Limited                        | GLNG 2.75 12/15/30                            | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $256652.50    | 0.02%             | 2030-12-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Bridgebio Pharma Inc                     | BBIO 2.5 03/15/27                             | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |    612000 | PA      | $764157.76    | 0.05%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Inc                      | FOUR 0 12/15/25                               | CUSIP: 82452JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $785850.00    | 0.06%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IREN Ltd.                                | IREN 3.5 12/15/29 IREN                        | CUSIP: 46270CAC3<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   1243000 | PA      | $1613414.00   | 0.12%             | 2029-12-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Trip.com Group Ltd.                      | TCOM 0.75 06/15/29                            | CUSIP: 89677QAB3<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   1538000 | PA      | $1714101.00   | 0.12%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Itron, Inc.                              | ITRI 1.375 07/15/30                           | CUSIP: 465741AQ9<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |    826000 | PA      | $986244.00    | 0.07%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                   | ON 0.5 03/01/29                               | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    844000 | PA      | $783189.80    | 0.06%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Unity Software Inc                       | U 0 03/15/30                                  | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |    826000 | PA      | $846237.00    | 0.06%             | 2030-03-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Rubrik Inc.                              | RBRK 0 06/15/30                               | CUSIP: 781154AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    739000 | PA      | $775488.13    | 0.06%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Guidestone Funds                         | Guidestone Funds MONEY MKT INSTL              | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |    114259 | NS      | $114258.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.             | ALNY 1 09/15/27                               | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1439459.00   | 0.10%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Wayfair Inc                              | W 3.25 09/15/27                               | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |    611000 | PA      | $697762.00    | 0.05%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding Inc.                 | PPL 2.875 03/15/28                            | CUSIP: 69352PAS2<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |   1051000 | PA      | $1137762.92   | 0.08%             | 2028-03-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Cytokinetics Inc                         | CYTK 3.5 07/01/27                             | CUSIP: 23282WAC4<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |    516000 | PA      | $550314.00    | 0.04%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                        | BACR 1 02/16/29 MSFT                          | CUSIP: 06744EDH7<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |   2970000 | PA      | $3238339.50   | 0.23%             | 2029-02-16      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| Granite Construction Inc                 | GVA 3.25 06/15/30                             | CUSIP: 387328AF4<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |    404000 | PA      | $553278.00    | 0.04%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| UGI Corp                                 | UGI 5 06/01/28                                | CUSIP: 902681AB1<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | DBT              | CORP              | US        |    671000 | PA      | $927975.06    | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes             | T 1.125 02/28/27                              | CUSIP: 912828ZB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  81000000 | PA      | $77541679.89  | 5.55%             | 2027-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes             | T 0.75 01/31/28                               | CUSIP: 91282CBJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  84000000 | PA      | $77946093.96  | 5.58%             | 2028-01-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes             | T 4.125 06/15/26                              | CUSIP: 91282CHH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  85300000 | PA      | $85412897.11  | 6.12%             | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes             | T 4.625 03/15/26                              | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 110900000 | PA      | $111298651.12 | 7.97%             | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes             | T 3.5 09/15/25                                | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 123300000 | PA      | $123171513.39 | 8.82%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Guidestone Funds                         | Guidestone Funds MONEY MKT INSTL              | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |  30839801 | NS      | $30839801.09  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes             | T 4 12/15/25                                  | CUSIP: 91282CGA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 127000000 | PA      | $126918736.51 | 9.09%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Citigroup Global Markets Holdings Inc.   | C 0.125 04/18/28                              | CUSIP: 173074SW6<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   1671000 | PA      | $1963328.76   | 0.14%             | 2028-04-18      | Fixed         |  | Yes           |                  3 | On Loan: No      |
| Global Payments Inc                      | GPN 1.5 03/01/31                              | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   2134000 | PA      | $1916332.00   | 0.14%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: —       |
| NCL Corporation Ltd.                     | NCLH 0.875 04/15/30                           | CUSIP: 62886HBS9<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    585000 | PA      | $628509.38    | 0.04%             | 2030-04-15      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Transocean Inc.                          | RIG 4.625 09/30/29 *                          | CUSIP: 893830BW8<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    841000 | PA      | $892721.50    | 0.06%             | 2029-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Gamestop Corp                            | GME 0 04/01/30                                | CUSIP: 36467WAD1<br>LEI: 549300505KLOET039L77 | Long             | DBT              | CORP              | US        |    640000 | PA      | $692800.00    | 0.05%             | 2030-04-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Hims & Hers Health Inc                   | HIMHER 0 05/15/30                             | CUSIP: 433000AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $413043.00    | 0.03%             | 2030-05-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Tandem Diabetes Care Inc                 | TNDM 1.5 03/15/29 2024                        | CUSIP: 875372AD6<br>LEI: 549300JEPFOD0K4D3I05 | Long             | DBT              | CORP              | US        |    301000 | PA      | $290536.91    | 0.02%             | 2029-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LivaNova PLC                             | LIVN 2.5 03/15/29                             | CUSIP: 53802LAB8<br>LEI: 2138001K2FX6SHK2B339 | Long             | DBT              | CORP              | GB        |    379000 | PA      | $386701.39    | 0.03%             | 2029-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                      | COIN 0.25 04/01/30                            | CUSIP: 19260QAF4<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1331000 | PA      | $1744275.50   | 0.12%             | 2030-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Irhythm Technologies Inc                 | IRTC 1.5 09/01/29                             | CUSIP: 450056AB2<br>LEI: 549300FJI72RJGDQS384 | Long             | DBT              | CORP              | US        |    684000 | PA      | $879282.00    | 0.06%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                    | UBER 0 05/15/28                               | CUSIP: 90353TAR1<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1082000 | PA      | $1151789.00   | 0.08%             | 2028-05-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Guardant Health Inc                      | GH 1.25 02/15/31                              | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |    859000 | PA      | $1003454.15   | 0.07%             | 2031-02-15      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Integer Holdings Corp.                   | ITGR 1.875 03/15/30                           | CUSIP: 45826HAC3<br>LEI: 549300SUD2ED5XG6X569 | Long             | DBT              | CORP              | US        |   1071000 | PA      | $1118124.00   | 0.08%             | 2030-03-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| LCI Industries                           | LCII 3 03/01/30                               | CUSIP: 501812AC5<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |    489000 | PA      | $490833.75    | 0.04%             | 2030-03-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Parsons Corporation                      | PSN 2.625 03/01/29                            | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   1413000 | PA      | $1509084.00   | 0.11%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Alkami Technology Inc.                   | ALKTEC 1.5 03/15/30                           | CUSIP: 01644JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    343000 | PA      | $404568.50    | 0.03%             | 2030-03-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Vertex Inc                               | VERX 0.75 05/01/29                            | CUSIP: 92538JAB2<br>LEI: 549300QMYW171MP1PL50 | Long             | DBT              | CORP              | US        |   1144000 | PA      | $1373392.40   | 0.10%             | 2029-05-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Southern Co.                             | SO 4.5 06/15/27                               | CUSIP: 842587DZ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   3343000 | PA      | $3694051.81   | 0.26%             | 2027-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chubb Ltd.                               | Chubb Ltd. ORD CHF24.15                       | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     42425 | NS      | $12291371.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                           | S&P Global Inc COM USD1                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     25804 | NS      | $13606191.16  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.             | Honeywell International Inc. COM USD1         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     54774 | NS      | $12755769.12  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                 | American Express Company COM USD0.20          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     41183 | NS      | $13136553.34  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                               | Apple Inc. COM USD0.00001                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     50577 | NS      | $10376883.09  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                      | Danaher Corporation COM USD0.01               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     62713 | NS      | $12388326.02  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                               | Intuit Inc COM USD0.01                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     20868 | NS      | $16436262.84  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                          | Eli Lilly & Co. COM NPV                       | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     12766 | NS      | $9951479.98   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.         | Marsh & McLennan Companies, Inc. COM USD1.00  | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     65128 | NS      | $14239585.92  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                          | Microsoft Corp. COM USD0.00000625             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     31521 | NS      | $15678860.61  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                             | Broadcom Inc COM USD0.001                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     60237 | NS      | $16604329.05  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                | Linde PLC COM EUR0.001                        | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     32160 | NS      | $15088828.80  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                            | Alphabet Inc. CAP STK USD0.001 CL A           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     51194 | NS      | $9021918.62   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                          | OSIS 2.25 08/01/29                            | CUSIP: 671044AE5<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |    472000 | PA      | $641448.00    | 0.05%             | 2029-08-01      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Workiva Inc                              | WK 1.25 08/15/28                              | CUSIP: 98139AAD7<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |    745000 | PA      | $691918.75    | 0.05%             | 2028-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Snowflake Inc                            | SNOW 0 10/01/27                               | CUSIP: 833445AA7<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |    784000 | PA      | $1193248.00   | 0.09%             | 2027-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Akamai Technologies, Inc.                | AKAM 0.25 05/15/33                            | CUSIP: 00971TAP6<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   1492000 | PA      | $1547950.00   | 0.11%             | 2033-05-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Travere Therapeutics Inc                 | TVTX 2.25 03/01/29                            | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $262630.86    | 0.02%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                    | WEC 4.375 06/01/27                            | CUSIP: 92939UAP1<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    893000 | PA      | $1010340.20   | 0.07%             | 2027-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Financial Co LLC          | JPM 0.5 06/15/27                              | CUSIP: 48133DL24<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |    698000 | PA      | $806888.00    | 0.06%             | 2027-06-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Advanced Energy Industries, Inc.         | AEIS 2.5 09/15/28                             | CUSIP: 007973AE0<br>LEI: 549300756XI3QLFT2U27 | Long             | DBT              | CORP              | US        |    625000 | PA      | $751812.50    | 0.05%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Box Inc.                                 | BOX 1.5 09/15/29                              | CUSIP: 10316TAC8<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |    643000 | PA      | $663897.50    | 0.05%             | 2029-09-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| CMS Energy Corporation                   | CMS 3.375 05/01/28                            | CUSIP: 125896BX7<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    870000 | PA      | $926985.00    | 0.07%             | 2028-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                      | MTH 1.75 05/15/28                             | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    603000 | PA      | $586854.69    | 0.04%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JD.com Inc.                              | JD 0.25 06/01/29                              | CUSIP: 47215PAJ5<br>LEI: 549300HVTWB0GJZ16V92 | Long             | DBT              | CORP              | KY        |   2032000 | PA      | $2124456.00   | 0.15%             | 2029-06-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| DoorDash Inc                             | DASH 0 05/15/30                               | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |    546000 | PA      | $592877.05    | 0.04%             | 2030-05-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bloom Energy Corporation                 | BE 3 06/01/29                                 | CUSIP: 093712AM9<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |    600000 | PA      | $847631.71    | 0.06%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation              | JBLU 2.5 09/01/29                             | CUSIP: 477143AQ4<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |    492000 | PA      | $453624.00    | 0.03%             | 2029-09-01      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Core Scientific Inc                      | CORZ 3 09/01/29                               | CUSIP: 21874AAC0<br>LEI: 549300NY2WTA02KF7L12 | Long             | DBT              | CORP              | US        |    797000 | PA      | $1375622.00   | 0.10%             | 2029-09-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| MKS Inc.                                 | MKSI 1.25 06/01/30                            | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |   1304000 | PA      | $1291612.00   | 0.09%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| Rapid7 Inc.                              | RPD 1.25 03/15/29                             | CUSIP: 753422AH7<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |    424000 | PA      | $376300.00    | 0.03%             | 2029-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| Centerpoint Energy Inc                   | CNP 4.25 08/15/26                             | CUSIP: 15189TBD8<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    640000 | PA      | $694080.00    | 0.05%             | 2026-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Spectrum Brands, Inc.                    | SPB 3.375 06/01/29                            | CUSIP: 84762LAZ8<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |    231000 | PA      | $210556.50    | 0.02%             | 2029-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Alarm.com Holdings Inc.                  | ALRM 2.25 06/01/29                            | CUSIP: 011642AD7<br>LEI: 549300HIH92U1EKIHZ32 | Long             | DBT              | CORP              | US        |    534000 | PA      | $519343.70    | 0.04%             | 2029-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Haemonetics Corp                         | HAE 2.5 06/01/29                              | CUSIP: 405024AD2<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | DBT              | CORP              | US        |    739000 | PA      | $736972.71    | 0.05%             | 2029-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| WEC Energy Group Inc.                    | WEC 4.375 06/01/29                            | CUSIP: 92939UAR7<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    874000 | PA      | $1010781.00   | 0.07%             | 2029-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Life360 Inc.                             | LIF 0 06/01/30                                | CUSIP: 532206AB5<br>LEI: 254900VO9VDOQBQAHF07 | Long             | DBT              | CORP              | US        |    304000 | PA      | $322430.00    | 0.02%             | 2030-06-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: —       |
| Cyberark Software Ltd.                   | CYBR 0 06/15/30                               | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |    752000 | PA      | $774560.00    | 0.06%             | 2030-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| American Water Capital Corp              | AWK 3.625 06/15/26                            | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $1113825.60   | 0.08%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CSG Systems International Inc.           | CSGS 3.875 09/15/28                           | CUSIP: 126349AH2<br>LEI: 549300D7FJZUOHHXUA81 | Long             | DBT              | CORP              | US        |    618000 | PA      | $699267.00    | 0.05%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Snowflake Inc                            | SNOW 0 10/01/29                               | CUSIP: 833445AC3<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |    364000 | PA      | $567066.50    | 0.04%             | 2029-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Mirion Technologies Inc                  | MIR 0.25 06/01/30                             | CUSIP: 60471AAA9<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |    695000 | PA      | $803072.50    | 0.06%             | 2030-06-01      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Blackline Inc                            | BL 1 06/01/29                                 | CUSIP: 09239BAF6<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |   1473000 | PA      | $1571813.91   | 0.11%             | 2029-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Guidestone Funds                         | Guidestone Funds MONEY MKT INSTL              | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |    214794 | NS      | $214794.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                       | Coca-Cola Co (The) COM USD0.25                | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    199757 | NS      | $14132807.75  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                         | McDonald's Corp. COM USD0.01                  | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     49568 | NS      | $14482282.56  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation             | Northrop Grumman Corporation COM USD1         | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     22747 | NS      | $11373045.06  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                 | The Procter & Gamble Co. COM NPV              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     78597 | NS      | $12522074.04  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                      | Stryker Corporation COM USD0.10               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     29409 | NS      | $11635082.67  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated           | Texas Instruments Incorporated COM USD1.00    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     72658 | NS      | $15085253.96  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                | Union Pacific Corporation COM USD2.50         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     18979 | NS      | $4366688.32   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                   | The TJX Companies Inc. COM USD1               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    127465 | NS      | $15740652.85  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                            | Accenture PLC CLS'A'USD0.0000225              | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     37560 | NS      | $11226308.40  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                              | Zoetis Inc. COM USD0.01 CL 'A'                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     29537 | NS      | $4606295.15   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                  | MasterCard Incorporated COM USD0.0001 CLASS A | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     25627 | NS      | $14400836.38  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa Inc COM STK USD0.0001                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     32461 | NS      | $11525278.05  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidestone Funds                         | Guidestone Funds MONEY MKT INSTL              | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |   3805435 | NS      | $3805434.89   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc                      | CORZ 0 06/15/31                               | CUSIP: 21874AAE6<br>LEI: 549300NY2WTA02KF7L12 | Long             | DBT              | CORP              | US        |    392000 | PA      | $427770.00    | 0.03%             | 2031-06-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Semtech Corporation                      | SMTC 1.625 11/01/27                           | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |    298000 | PA      | $429994.73    | 0.03%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| IREN Ltd.                                | IREN 3.25 06/15/30                            | CUSIP: 46270CAA7<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |    481000 | PA      | $526454.50    | 0.04%             | 2030-06-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Uber Technologies Inc                    | UBER 0.875 12/01/28 2028                      | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1949000 | PA      | $2789993.50   | 0.20%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 07/10/25                                  | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70000000 | PA      | $69926733.10  | 5.01%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 09/02/25                                  | CUSIP: 912797QM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  95000000 | PA      | $94291983.05  | 6.75%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| Guidestone Funds                         | Guidestone Funds MONEY MKT INSTL              | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |  27528272 | NS      | $27528272.23  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                      | TCOM 1.5 07/01/27 MTN                         | CUSIP: G9066FAA9<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |    506000 | PA      | $553150.91    | 0.04%             | 2027-07-01      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Uniti Group Inc                          | UNIT 7.5 12/01/27                             | CUSIP: 91325VAA6<br>LEI: 549300V3NU625PJUVA84 | Long             | DBT              | CORP              | US        |    322000 | PA      | $355971.00    | 0.03%             | 2027-12-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Synaptics Incorporated                   | SYNA 0.75 12/01/31                            | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    320000 | PA      | $303175.85    | 0.02%             | 2031-12-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Repligen Corporation                     | RGEN 1 12/15/28                               | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |    629000 | PA      | $626169.50    | 0.04%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Riot Platforms Inc                       | RIOT 0.75 01/15/30                            | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $1139840.00   | 0.08%             | 2030-01-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc. | MTSI 0 12/15/29                               | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    759000 | PA      | $811750.50    | 0.06%             | 2029-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: —       |
| Wayfair Inc                              | W 3.5 11/15/28                                | CUSIP: 94419LAR2<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |    587000 | PA      | $794432.50    | 0.06%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Affirm Holdings Inc                      | AFRM 0.75 12/15/29                            | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    947000 | PA      | $1003346.50   | 0.07%             | 2029-12-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Progress Software Corp.                  | PRGS 3.5 03/01/30                             | CUSIP: 743312AD2<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |    463000 | PA      | $537774.50    | 0.04%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| Ormat Technologies Inc.                  | ORA 2.5 07/15/27                              | CUSIP: 686688AB8<br>LEI: 5493000TSHHWY24VHM09 | Long             | DBT              | CORP              | US        |    452000 | PA      | $495392.00    | 0.04%             | 2027-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Guidewire Software Inc                   | GWRE 1.25 11/01/29                            | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   1137000 | PA      | $1343365.50   | 0.10%             | 2029-11-01      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: —       |
| Upstart Holdings Inc                     | UPST 1 11/15/30                               | CUSIP: 91680MAE7<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |    476000 | PA      | $486115.00    | 0.03%             | 2030-11-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Evergy Inc                               | EVRG 4.5 12/15/27                             | CUSIP: 30034WAD8<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   1478000 | PA      | $1731292.25   | 0.12%             | 2027-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mara Holdings Inc                        | MARA 0 06/01/31                               | CUSIP: 565788AG1<br>LEI: 549300M8ISKPTX2W7F94 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1153930.50   | 0.08%             | 2031-06-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Nutanix Inc                              | NTNX 0.5 12/15/29                             | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |    849000 | PA      | $964204.83    | 0.07%             | 2029-12-15      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| MicroStrategy Incorporated               | MSTR 0 03/01/30                               | CUSIP: 594972AT8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   2143000 | PA      | $2520953.15   | 0.18%             | 2030-03-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Bridgebio Pharma Inc                     | BBIO 1.75 03/01/31                            | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |    576000 | PA      | $673056.00    | 0.05%             | 2031-03-01      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Rivian Automotive Inc                    | RIVN 3.625 10/15/30                           | CUSIP: 76954AAD5<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   1589000 | PA      | $1429504.13   | 0.10%             | 2030-10-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Fluor Corporation                        | FLR 1.125 08/15/29                            | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |    851000 | PA      | $1117575.75   | 0.08%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Cheesecake Factory Inc                   | CAKE 2 03/15/30                               | CUSIP: 163072AB7<br>LEI: 529900872XMLK10SY247 | Long             | DBT              | CORP              | US        |    699000 | PA      | $759288.75    | 0.05%             | 2030-03-15      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Alliant Energy Corporation               | LNT 3.875 03/15/26                            | CUSIP: 018802AC2<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    604000 | PA      | $621818.00    | 0.04%             | 2026-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Enovis Corporation                       | ENOV 3.875 10/15/28                           | CUSIP: 194014AB2<br>LEI: 635400OP2DYYYMOIYL17 | Long             | DBT              | CORP              | US        |    444000 | PA      | $439338.00    | 0.03%             | 2028-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.               | DLR 1.875 11/15/29                            | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   1848000 | PA      | $1947607.20   | 0.14%             | 2029-11-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.          | LYV 2.875 01/15/30                            | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1487850.00   | 0.11%             | 2030-01-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Lyft Inc                                 | LYFT 0.625 03/01/29                           | CUSIP: 55087PAD6<br>LEI: 549300H7I5VN334XVZ52 | Long             | DBT              | CORP              | US        |    490000 | PA      | $524790.00    | 0.04%             | 2029-03-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc      | NEE 3 03/01/27                                | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1173685.00   | 0.08%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| World Kinect Corporation                 | WKC 3.25 07/01/28                             | CUSIP: 98149GAB6<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | DBT              | CORP              | US        |    663000 | PA      | $772461.30    | 0.06%             | 2028-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vishay Intertechnology, Inc.             | VSH 2.25 09/15/30                             | CUSIP: 928298AR9<br>LEI: 5493009O8F3QQJTCQR75 | Long             | DBT              | CORP              | US        |    603000 | PA      | $542700.00    | 0.04%             | 2030-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MicroStrategy Incorporated               | MSTR 0 12/01/29                               | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   1569000 | PA      | $1488196.50   | 0.11%             | 2029-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                           | SATS 3.875 11/30/30                           | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1937396 | PA      | $2286127.28   | 0.16%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Alphatec Holdings Inc.                   | ATEC 0.75 03/15/30                            | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |    415000 | PA      | $421361.69    | 0.03%             | 2030-03-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Li Auto Inc.                             | LI 0.25 05/01/28                              | CUSIP: 50202MAB8<br>LEI: 2549003R73Q70J5H4I65 | Long             | DBT              | CORP              | KY        |    647000 | PA      | $769686.84    | 0.06%             | 2028-05-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Welltower OP LLC                         | WELL 3.125 07/15/29                           | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    985000 | PA      | $1308080.00   | 0.09%             | 2029-07-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: —       |
| Mara Holdings Inc                        | MARA 0 03/01/30                               | CUSIP: 565788AE6<br>LEI: 549300M8ISKPTX2W7F94 | Long             | DBT              | CORP              | US        |   1541000 | PA      | $1389211.50   | 0.10%             | 2030-03-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Datadog Inc                              | DDOG 0 12/01/29                               | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   1597000 | PA      | $1533918.50   | 0.11%             | 2029-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: —       |
| International Monetary Market            | FUT. EMINI S&P SEP25                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        73 | NC      | $22826187.50  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                   | FUT. YR T-NOTES SEP25                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       170 | NC      | $19061250.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                   | FUT. U.S. T-BONDS SEP25                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        69 | NC      | $7967343.75   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                   | SEP 25 5 YR T NOTESEP 25                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       535 | NC      | $58315000.00  | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                   | SEP 25 US 2YR SEP 25                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       320 | NC      | $66567499.97  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6040 11/7/25                | OPT. S&P 5 P 6040 11/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -57 | NC      | $-72960.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6090 25/7/25                | OPT. S&P 5 P 6090 25/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -143 | NC      | $-676390.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6130 25/7/25                | OPT. S&P 5 P 6130 25/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -25 | NC      | $-142875.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6150 25/7/25                | OPT. S&P 5 P 6150 25/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -16 | NC      | $-99840.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 5975 25/7/25                | OPT. S&P 5 P 5975 25/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -4 | NC      | $-11180.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 5995 18/7/25                | OPT. S&P 5 P 5995 18/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -4 | NC      | $-7680.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 5985 18/7/25                | OPT. S&P 5 P 5985 18/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -1 | NC      | $-1815.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6000 11/7/25                | OPT. S&P 5 P 6000 11/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -55 | NC      | $-50600.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6000 18/7/25                | OPT. S&P 5 P 6000 18/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -7 | NC      | $-13860.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6000 25/7/25                | OPT. S&P 5 P 6000 25/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -9 | NC      | $-28170.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6020 11/7/25                | OPT. S&P 5 P 6020 11/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -35 | NC      | $-38150.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6030 11/7/25                | OPT. S&P 5 P 6030 11/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -51 | NC      | $-59925.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 5 P 6030 18/7/25                | OPT. S&P 5 P 6030 18/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -9 | NC      | $-21195.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 50 P 6060 3/7/25                | OPT. S&P 50 P 6060 3/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        -3 | NC      | $-682.50      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 50 P 6000 3/7/25                | OPT. S&P 50 P 6000 3/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -79 | NC      | $-5925.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 50 P 6150 1/8/25                | OPT. S&P 50 P 6150 1/8/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -81 | NC      | $-622485.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. S&P 50 P 6110 3/7/25                | OPT. S&P 50 P 6110 3/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -36 | NC      | $-21384.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| FLEX OPTSP C 5450 11/6/29                | FLEX OPTSP C 5450 11/6/29                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       225 | NC      | $39130281.25  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 INDEX PM/EUR FLEX                | S&P 500 INDEX PM/EUR FLEX                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       270 | NC      | $40004994.01  | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| OPT. S&P 5 P 5975 18/7/25                | OPT. S&P 5 P 5975 18/7/25                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -179 | NC      | $-306985.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds             | Northern Institutional Funds LIQ ASET PORTF   | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   7496763 | NS      | $7496763.44   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** GuideStone Funds

**Signature:** Patrick Pattison

**Name of Signer:** Patrick Pattison

**Title:** Vice President & Treasurer