# EDGAR Filing Document

**Accession Number:** 0001547580
**File Stem:** 0001752724-23-041044
**Filing Date:** 2023-2
**Character Count:** 187669
**Document Hash:** 2525b91aa4f2ef4ad677dbe1189cf337
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041044.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041044

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios II
- **CENTRAL INDEX KEY:** 0001547580
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22696
- **FILM NUMBER:** 23670834

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 216-898-2411

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD, 4TH FLOOR
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Compass EMP Funds Trust
- **DATE OF NAME CHANGE:** 20120417

## Series and Classes Contracts Data

### VictoryShares ESG Core Plus Bond ETF (Series ID: S000073698)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000230774 | VictoryShares ESG Core Plus Bond ETF | UBND            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios II

- **b. Investment Company Act file number:** 811-22696

- **c. CIK number of Registrant:** 0001547580

- **d. LEI of Registrant:** 5493002SUQLUY3T5P040

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

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** VictoryShares ESG Core Plus Bond ETF

- **b. EDGAR series identifier (if any):** S000073698

- **c. LEI of Series:** 549300H4LTQRRZ6YWC27

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

- **a. Date of fiscal year-end:** 2023-06-30

- **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:** $211268873.50

**Total Liabilities:** $1413378.50

**Net Assets:** $209855495.00

**Cash Not Reported:** $1188427.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -269.97393644 | **1-Year:** -7019.03855250 | **5-Year:** -23263.46313660 | **10-Year:** -35151.22680252 | **30-Year:** -7651.90827186

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

- **3-Month:** -23.90496941 | **1-Year:** -1111.31148733 | **5-Year:** -3271.36125922 | **10-Year:** -2260.60161739 | **30-Year:** -0.61202536

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230774 | -1.01%               | 3.63%                | -0.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1425694.61             | $-1189066.55                               |
| Month 2  | $-1285120.67             | $7665186.29                                |
| Month 3  | $-623086.05              | $-764161.09                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TOLL BROTHERS FINANCE CORP.                                                             | TOLL BROTHERS FINANCE CORP                         | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $571221.90    | 0.27%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST, SYNCHRONY                                                | SYNCHRONY CARD FUNDING LLC                         | CUSIP: 87166PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $211850.18    | 0.10%             | 2028-04-17      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| ILLUMINA, INC.                                                                          | ILLUMINA INC                                       | CUSIP: 452327AM1<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    500000 | PA      | $400110.00    | 0.19%             | 2031-03-23      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                                | BENCHMARK 2020 B19 MORTGAGE TRUST                  | CUSIP: 08162WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $741995.05    | 0.35%             | 2053-09-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                          | MORGAN STANLEY                                     | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $188885.00    | 0.09%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| VENTURE CLO LIMITED                                                                     | VENTURE 46 CLO LTD                                 | CUSIP: 92326CAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $423488.15    | 0.20%             | 2035-07-20      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                                                | VULCAN MATERIALS CO                                | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    750000 | PA      | $661125.00    | 0.32%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                                            | FORD CREDIT AUTO OWNER TRUST FORD CREDIT           | CUSIP: 345285AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $427413.75    | 0.20%             | 2034-05-15      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                                                          | MORGAN STANLEY CAPITAL I TRUST 2021 PLZA           | CUSIP: 61773PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $518285.55    | 0.25%             | 2031-11-09      | Variable      | 2.81%                 | Yes           |                  2 | On Loan: No      |
| NETFLIX, INC.                                                                           | NETFLIX INC                                        | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     56000 | PA      | $52370.64     | 0.02%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| HCA INC.                                                                                | HCA INC                                            | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $430200.00    | 0.20%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                                      | METROPOLITAN LIFE GLOBAL FUNDING I                 | CUSIP: 59217GET2<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $403040.00    | 0.19%             | 2032-01-11      | Fixed         | 2.40%                 | Yes           |                  2 | On Loan: No      |
| AUTODESK, INC.                                                                          | AUTODESK INC                                       | CUSIP: 052769AH9<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    350000 | PA      | $280703.50    | 0.13%             | 2031-12-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| OAKTREE CLO LTD                                                                         | OAKTREE CLO LTD                                    | CUSIP: 67402LAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $319973.71    | 0.15%             | 2033-05-15      | Floating      | 3.08%                 | Yes           |                  2 | On Loan: No      |
| MURPHY OIL USA, INC.                                                                    | MURPHY OIL USA INC                                 | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    173000 | PA      | $144046.72    | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II                                                             | MASTER CREDIT CARD TRUST                           | CUSIP: 576339CS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312000 | PA      | $276144.37    | 0.13%             | 2028-07-21      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| RELIANCE STEEL & ALUMINUM CO.                                                           | RELIANCE STEEL ALUMINUM CO                         | CUSIP: 759509AG7<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    355000 | PA      | $280453.55    | 0.13%             | 2030-08-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                                      | SEAGATE HDD CAYMAN                                 | CUSIP: 81180WBG5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   1155450 | PA      | $1267008.70   | 0.60%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY NOTE                                  | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3700000 | PA      | $3368156.25   | 1.60%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST                                                           | MHC COMMERCIAL MORTGAGE TRUST 2021 MHC             | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $242518.03    | 0.12%             | 2038-04-15      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                                                   | HPEFS EQUIPMENT TRUST                              | CUSIP: 40441RAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $305348.74    | 0.15%             | 2029-11-20      | Fixed         | 2.40%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                                                  | MACQUARIE BANK LTD                                 | CUSIP: 556079AD3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    750000 | PA      | $544140.00    | 0.26%             | 2036-03-03      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC.                                                               | BAXTER INTERNATIONAL INC                           | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    250000 | PA      | $213387.50    | 0.10%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                    | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    293478 | PA      | $293360.61    | 0.14%             | 2032-12-15      | Fixed         | 8.20%                 | Yes           |                  2 | On Loan: No      |
| MILEAGE PLUS HOLDINGS, LLC                                                              | MILEAGE PLUS HOLDINGS LLC                          | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    426316 | PA      | $437932.90    | 0.21%             | 2027-06-20      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| BPR TRUST                                                                               | BPR TRUST 2021 TY                                  | CUSIP: 05592AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $471465.75    | 0.22%             | 2023-09-23      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| HOMEWOOD ALA EDL BLDG AUTH REV                                                          | HOMEWOOD EDUCATIONAL BUILDING AUTHORITY            | CUSIP: 437887HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $204759.75    | 0.10%             | 2029-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                                                             | HEALTHPEAK PROPERTIES INC                          | CUSIP: 42250PAD5<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $420415.00    | 0.20%             | 2028-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                     | COMM MORTGAGE TRUST                                | CUSIP: 12656KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825000 | PA      | $639429.33    | 0.30%             | 2046-11-10      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING, LLC                                                                  | DIRECTV FINANCING LLC                              | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    422064 | PA      | $410018.62    | 0.20%             | 2027-07-22      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                                                    | GLOBAL PAYMENTS INC                                | CUSIP: 37940XAC6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    750000 | PA      | $535777.50    | 0.26%             | 2049-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                                            | TRUIST FINANCIAL CORP                              | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $479660.00    | 0.23%             | 2199-12-31      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS, LTD.                                                       | OCTAGON INVESTMENT PARTNERS 48 LTD                 | CUSIP: 67577UAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $479930.00    | 0.23%             | 2034-10-20      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                             | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JCA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $249412.23    | 0.12%             | 2026-11-15      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                                                     | CITIGROUP COMMERCIAL MORTGAGE TRUST 2019 SMRT      | CUSIP: 29429MAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615000 | PA      | $594035.27    | 0.28%             | 2036-01-10      | Variable      | 4.74%                 | Yes           |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                                  | AMUR EQUIPMENT FINANCE RECEIVABLES X LLC           | CUSIP: 03236VAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    676000 | PA      | $611450.35    | 0.29%             | 2028-01-20      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| KEYCORP                                                                                 | KEYCORP                                            | CUSIP: 49326EEN9<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    189000 | PA      | $178553.97    | 0.09%             | 2033-06-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY NOTE                                  | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2850000 | PA      | $2243039.06   | 1.07%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| YARA INTERNATIONAL ASA                                                                  | YARA INTERNATIONAL ASA                             | CUSIP: 984851AH8<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $261070.00    | 0.12%             | 2032-11-14      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| XPO ESCROW SUB, LLC                                                                     | XPO ESCROW SUB LLC                                 | CUSIP: 98379JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $504515.00    | 0.24%             | 2027-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY BOND                                  | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14650000 | PA      | $10042117.19  | 4.79%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDN7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43319.50     | 0.02%             | 2030-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| STRATUS CLO LTD.                                                                        | STRATUS CLO 2021 3 LTD                             | CUSIP: 86315WAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205000 | PA      | $197882.20    | 0.09%             | 2029-12-29      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                                                | DISH NETWORK CORP                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257085.00    | 0.12%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX TRUST                                           | CUSIP: 056054AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1215500 | PA      | $1175356.29   | 0.56%             | 2036-10-15      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| BP CAPITAL MARKETS P.L.C.                                                               | BP CAPITAL MARKETS PLC                             | CUSIP: 05565QDU9<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $476245.00    | 0.23%             | 2199-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                    | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    341915 | PA      | $340395.12    | 0.16%             | 2032-08-16      | Fixed         | 8.68%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES L.P.                                                                    | VICI PROPERTIES NOTE                               | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    664000 | PA      | $580355.92    | 0.28%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                                   | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2021 3       | CUSIP: 96043JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $467723.15    | 0.22%             | 2027-01-15      | Fixed         | 1.58%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                                                               | BPR TRUST 2022 OANA                                | CUSIP: 05592DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $984711.02    | 0.47%             | 2037-04-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                                                      | HUNTINGTON BANCSHARES INC OH                       | CUSIP: 446150AX2<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $723830.00    | 0.34%             | 2036-08-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY BOND                                  | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $1626953.13   | 0.78%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                                                  | HILTON DOMESTIC OPERATING CO INC                   | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    250000 | PA      | $210560.00    | 0.10%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| HOUSTON GALLERIA MALL TRUST                                                             | HOUSTON GALLERIA MALL TRUST                        | CUSIP: 44217NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $229664.52    | 0.11%             | 2037-03-05      | Fixed         | 3.09%                 | Yes           |                  2 | On Loan: No      |
| MILEAGE PLUS HOLDINGS, LLC                                                              | MILEAGE PLUS HLDINGS LLC                           | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125072 | PA      | $1120965.99   | 0.53%             | 2027-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                                                     | LITHIA MOTORS INC                                  | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $206047.50    | 0.10%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO LTD                                                                        | 720 EAST CLO 2022 I LTD                            | CUSIP: 81785AAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $348317.90    | 0.17%             | 2036-01-20      | Floating      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| TTAN MHC                                                                                | TTAN                                               | CUSIP: 87303TAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    690781 | PA      | $659761.95    | 0.31%             | 2038-03-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| ONE MANHATTAN WEST                                                                      | MANHATTAN WEST                                     | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $427325.26    | 0.20%             | 2040-09-10      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| ALBEMARLE CORPORATION                                                                   | ALBEMARLE CORP                                     | CUSIP: 012653AE1<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235607.50    | 0.11%             | 2032-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                             | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JCB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $395595.72    | 0.19%             | 2026-11-15      | Fixed         | 7.44%                 | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                                                              | CSMC SERIES 2019 UVIL                              | CUSIP: 12656DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302000 | PA      | $246428.67    | 0.12%             | 2041-12-15      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| DRIVETIME AUTO OWNER TRUST                                                              | DT AUTO OWNER TRUST 2020 2                         | CUSIP: 23343RAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $490264.48    | 0.23%             | 2026-03-16      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| CONN'S RECEIVABLES FUNDING LLC                                                          | CONN FUNDING II LP                                 | CUSIP: 20825YAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $495884.97    | 0.24%             | 2026-12-15      | Fixed         | 9.52%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                    | CARNIVAL CORP                                      | CUSIP: 143658BJ0<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    500000 | PA      | $473625.00    | 0.23%             | 2027-08-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST                                                                   | ARI FLEET LEASE TRUST 2022 A                       | CUSIP: 00217QAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $182199.76    | 0.09%             | 2031-01-15      | Fixed         | 3.43%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO CREDIT LINKED NOTES                                                          | JPMORGAN CHASE BANK NA                             | CUSIP: 46591HAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117408 | PA      | $114761.14    | 0.05%             | 2028-02-25      | Fixed         | 1.14%                 | Yes           |                  2 | On Loan: No      |
| MHP COMMERCIAL MORTGAGE TRUST                                                           | MERIT 2020                                         | CUSIP: 55293DAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485829 | PA      | $452297.55    | 0.22%             | 2027-01-15      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY BOND                                  | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $2961562.50   | 1.41%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                                | BENCHMARK MORTGAGE TRUST                           | CUSIP: 08163QBK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10001000 | PA      | $497085.00    | 0.24%             | 2055-07-15      | Variable      | 0.64%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    488083 | PA      | $469801.14    | 0.22%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                                                       | CREDIT ACCEPTANCE AUTO LOAN TRUST 2021 4           | CUSIP: 22535BAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $291853.11    | 0.14%             | 2030-12-16      | Fixed         | 1.74%                 | Yes           |                  2 | On Loan: No      |
| UKG INC.                                                                                | UKG INC                                            | CUSIP: 90385KAK7<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    246253 | PA      | $233940.48    | 0.11%             | 2026-05-03      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP, LLC                                                               | GREAT OUTDOORS GROUP LLC                           | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | DBT              | CORP              | US        |    495000 | PA      | $474581.25    | 0.23%             | 2028-03-05      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                                         | HERTZ VEHICLE FINANCING LLC                        | CUSIP: 42806MBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $656939.54    | 0.31%             | 2026-09-25      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                                  | CREDIT SUISSE GROUP AG                             | CUSIP: 225401AU2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    500000 | PA      | $347180.00    | 0.17%             | 2032-05-14      | Fixed         | 3.09%                 | Yes           |                  2 | On Loan: No      |
| SOTHEBY'S                                                                               | SOTHEBY S                                          | CUSIP: 08883CAE8<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    243750 | PA      | $237229.69    | 0.11%             | 2027-01-15      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST                                                                        | SLG OFFICE TRUST 2021 OVA                          | CUSIP: 78449RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $398594.40    | 0.19%             | 2041-07-15      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| AVERY DENNISON CORPORATION                                                              | AVERY DENNISON CORP                                | CUSIP: 053611AM1<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |    250000 | PA      | $190440.00    | 0.09%             | 2032-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MONTANA FAC FIN AUTH REV                                                                | MONTANA FACILITY FINANCE AUTHORITY                 | CUSIP: 61204KPG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $198045.75    | 0.09%             | 2031-08-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| BXP TRUST                                                                               | BXP TRUST 2017 GM                                  | CUSIP: 05607TAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $169607.43    | 0.08%             | 2044-01-15      | Variable      | 2.78%                 | Yes           |                  2 | On Loan: No      |
| U.S. BANCORP                                                                            | US BANCORP                                         | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237650.00    | 0.11%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO LTD                                                                          | AB BSL CLO 1 LTD                                   | CUSIP: 00038KAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $232647.50    | 0.11%             | 2035-01-15      | Floating      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                              | ROGERS COMMUNICATIONS INC                          | CUSIP: 775109CD1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $195007.50    | 0.09%             | 2052-03-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO LTD                                                                        | 720 EAST CLO 2022 I LTD                            | CUSIP: 81785AAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $487544.00    | 0.23%             | 2036-01-20      | Floating      | 10.67%                | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST                                  | JP MORGAN CHASE COMMERCIAL MORTGAGE SEC TRUST      | CUSIP: 46640JAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    338000 | PA      | $332089.63    | 0.16%             | 2046-01-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BPR TRUST                                                                               | BPR TRUST 2022 STAR                                | CUSIP: 055980AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211364 | PA      | $209149.79    | 0.10%             | 2024-08-15      | Floating      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE, L.P.                                                      | PLAINS ALL AMERICAN PIPELINE LP                    | CUSIP: 72650RBN1<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    250000 | PA      | $217347.50    | 0.10%             | 2030-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                                               | SCF EQUIPMENT LEASING 2021 1 LLC                   | CUSIP: 783897AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $420256.73    | 0.20%             | 2030-09-20      | Fixed         | 1.93%                 | Yes           |                  2 | On Loan: No      |
| MAGELLAN MIDSTREAM PARTNERS, L.P.                                                       | MAGELLAN MIDSTREAM PARTNERS LP                     | CUSIP: 559080AG1<br>LEI: MZF5TI8NFVZZNUSKDL39 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435015.00    | 0.21%             | 2043-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AUTONATION, INC.                                                                        | AUTONATION INC                                     | CUSIP: 05329WAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $359200.00    | 0.17%             | 2031-08-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                                                        | NRG ENERGY INC                                     | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $440740.00    | 0.21%             | 2029-06-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN TRUST CORPORATION                                                              | NORTHERN TRUST CORP                                | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264280.00    | 0.13%             | 2032-11-02      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS MORTGAGE TRUST                                                             | HUDSON YARDS 2019 30HY MORTGAGE TRUST              | CUSIP: 44421GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1031843.45   | 0.49%             | 2039-07-10      | Fixed         | 3.23%                 | Yes           |                  2 | On Loan: No      |
| TRINITY RAIL LEASING LLC                                                                | TRINITY RAIL LEASING 2022 LLC                      | CUSIP: 89656RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    492615 | PA      | $447486.55    | 0.21%             | 2052-05-20      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| AUTONATION, INC.                                                                        | AUTONATION INC                                     | CUSIP: 05329RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $599475.00    | 0.29%             | 2032-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                             | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JBT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391000 | PA      | $362710.25    | 0.17%             | 2026-10-15      | Fixed         | 1.15%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND ISSUER LLC                                                                      | DIAMOND ISSUER                                     | CUSIP: 25267TAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    654000 | PA      | $532584.57    | 0.25%             | 2051-11-20      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS, L.P.                                                             | HOST HOTELS RESORTS LP                             | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $206227.50    | 0.10%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                                                      | NEW YORK CITY HOUSING DEVELOPMENT CORP             | CUSIP: 64966WHC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228514.00    | 0.11%             | 2029-01-01      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY COMPANY                                                                  | TRACTOR SUPPLY CO                                  | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    750000 | PA      | $576135.00    | 0.27%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                                                      | ORACLE CORP                                        | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $170552.50    | 0.08%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LIMITED PARTNERSHIP                                                   | BOSTON PROPERTIES LP                               | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $795487.00    | 0.38%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| OEG BORROWER, LLC                                                                       | OEG BORROWER LLC                                   | CUSIP: 67115HAB9<br>LEI: 254900UUVX9EYPUMP391 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486250.00    | 0.23%             | 2029-06-18      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                                      | F G GLOBAL FUNDING                                 | CUSIP: 30321L2C5<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $414285.00    | 0.20%             | 2028-09-20      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| PULTEGROUP, INC.                                                                        | PULTEGROUP INC                                     | CUSIP: 745867AT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $716947.50    | 0.34%             | 2035-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                                     | SOCIETE GENERALE SA                                | CUSIP: 83368RBJ0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $392725.00    | 0.19%             | 2033-01-21      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC.                                                                    | DENTSPLY SIRONA INC                                | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    250000 | PA      | $207062.50    | 0.10%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BXP TRUST                                                                               | BXP TRUST 2017 GM                                  | CUSIP: 05607TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $782740.21    | 0.37%             | 2044-01-15      | Variable      | 2.78%                 | Yes           |                  2 | On Loan: No      |
| AVENTURA MALL VENTURE                                                                   | AVENTURA MALL TRUST                                | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790000 | PA      | $706212.37    | 0.34%             | 2040-07-05      | Variable      | 4.11%                 | Yes           |                  2 | On Loan: No      |
| KNDL KNSQ MORTGAGE TRUST                                                                | KNDL MORTGAGE TRUST                                | CUSIP: 482598AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $245544.95    | 0.12%             | 2036-05-15      | Floating      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| EQUINIX, INC.                                                                           | EQUINIX INC                                        | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221432.50    | 0.11%             | 2032-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY                                       | BRITISH TELECOMMUNICATIO                           | CUSIP: 11102AAE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1062450.00   | 0.51%             | 2029-11-08      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| STRATUS STATIC CLO LTD                                                                  | STRATUS CLO 2022 1 LTD                             | CUSIP: 86317WAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $243210.75    | 0.12%             | 2030-07-20      | Floating      | 4.59%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE CLO LTD                                                                         | OAKTREE CLO 2022 2 LTD                             | CUSIP: 67402RAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $490324.00    | 0.23%             | 2033-07-15      | Floating      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                                   | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2019 2       | CUSIP: 96041LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1240386.99   | 0.59%             | 2025-04-15      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT IP CAYMAN LTD.                                                                   | SPIRIT LOYALTY KY LTD                              | CUSIP: 84859BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    800000 | PA      | $803328.00    | 0.38%             | 2025-09-20      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                    | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    708862 | PA      | $692405.04    | 0.33%             | 2032-05-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| OSCAR US FUNDING TRUST                                                                  | OSCAR US FUNDING XIV LLC                           | CUSIP: 68784HAD3<br>LEI: 549300GTSLUONMR77U11 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $924818.90    | 0.44%             | 2029-04-10      | Fixed         | 2.82%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                                                          | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC           | CUSIP: 05377RFW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501028.58    | 0.24%             | 2027-04-20      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC                                                          | ENTERPRISE FLEET FINANCING 2022 4 LLC              | CUSIP: 29374GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $251551.12    | 0.12%             | 2029-10-22      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EHL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    471764 | PA      | $479023.52    | 0.23%             | 2052-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AOA MORTGAGE TRUST                                                                      | AOA 2021 1177 MORTGAGE TRUST                       | CUSIP: 00192NAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $272634.92    | 0.13%             | 2036-10-15      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES, LP                                                                | RHP HOTEL PROPERTIES LP RHP FINANCE CORP           | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    400000 | PA      | $346292.00    | 0.17%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY BOND                                  | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1117773.44   | 0.53%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                | LLOYDS BANKING GROUP PLC                           | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $230497.50    | 0.11%             | 2028-03-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC.                                                               | WILLIS NORTH AMERICA INC                           | CUSIP: 970648AJ0<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $420485.00    | 0.20%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN, INC.                                                                     | BROWN BROWN INC                                    | CUSIP: 115236AE1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $433240.00    | 0.21%             | 2032-03-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                                 | BROOKFIELD FINANCE INC                             | CUSIP: 11271LAH5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $480216.00    | 0.23%             | 2031-04-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPITAL COMPANY LLC                                                   | MIDWEST CONNECTOR CAPIT                            | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $225567.50    | 0.11%             | 2029-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY NOTE                                  | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $3653437.50   | 1.74%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                             | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JBW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $244657.85    | 0.12%             | 2026-07-15      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| 7-ELEVEN, INC.                                                                          | 7 ELEVEN INC                                       | CUSIP: 817826AG5<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $830196.00    | 0.40%             | 2051-02-10      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| BBCMS TRUST                                                                             | BBCMS MORTGAGE TRUST 2022 C16                      | CUSIP: 05552YAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135135 | PA      | $121595.82    | 0.06%             | 2055-06-15      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                                               | HUB INTERNATIONAL                                  | CUSIP: 44332EAV8<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123507.50    | 0.06%             | 2029-11-10      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO LTD                                                                          | AB BSL CLO 1 LTD                                   | CUSIP: 00038KAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $477398.00    | 0.23%             | 2035-01-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BANQUE DE MONTREAL                                                                      | BANK OF MONTREAL                                   | CUSIP: 06368DH72<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | RF                | CA        |    500000 | PA      | $379530.00    | 0.18%             | 2037-01-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORPORATION                                                                     | ENTERGY CORP                                       | CUSIP: 29364GAP8<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    250000 | PA      | $198165.00    | 0.09%             | 2031-06-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX COMMERCIAL MORTGAGE TRUST 2021 VOLT             | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $236460.30    | 0.11%             | 2023-09-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME CORP.                                                              | OWL ROCK CORE INCOME CORP                          | CUSIP: 69120VAJ0<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485375.00    | 0.23%             | 2025-03-21      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021 SAVE    | CUSIP: 95003LAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227255 | PA      | $207979.91    | 0.10%             | 2040-02-15      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| DELTA AIR LINES, INC.                                                                   | DELTA AIR LINES 2020 A                             | CUSIP: 247361ZW1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    123856 | PA      | $104152.12    | 0.05%             | 2029-12-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                    | UNITED FINANCIAL BANCORP                           | CUSIP: 910304AA2<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289917.00    | 0.14%             | 2024-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRILLIUM CREDIT CARD TRUST II                                                           | TRILLIUM CREDIT CARD TRUST II                      | CUSIP: 89621ABB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    744000 | PA      | $658596.39    | 0.31%             | 2029-10-26      | Fixed         | 2.42%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD.                                                         | PALMER SQUARE LOAN FUNDING LTD                     | CUSIP: 69702QAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $239479.50    | 0.11%             | 2035-07-15      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| BIO-RAD LABORATORIES, INC.                                                              | BIO RAD LABORATORIES INC                           | CUSIP: 090572AQ1<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $428515.00    | 0.20%             | 2032-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES, INC.                                                              | ALBERTSONS COS SAFEWAY                             | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $223017.50    | 0.11%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                                            | MARRIOTT INTERNATIONAL INC MD                      | CUSIP: 571903BH5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $191695.00    | 0.09%             | 2033-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX TRUST                                           | CUSIP: 05608WAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    248120 | PA      | $233788.70    | 0.11%             | 2038-06-15      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| ILPT COMMERCIAL MORTGAGE TRUST                                                          | ILPT COMMERCIAL MORTGAGE TRUST 2022 LPF2           | CUSIP: 449652AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100866.12    | 0.05%             | 2039-10-15      | Floating      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORPORATION                                                                      | ORACLE CORP                                        | CUSIP: 68389XBH7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    750000 | PA      | $613537.50    | 0.29%             | 2036-07-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST                                  | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU | CUSIP: 46639JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    449000 | PA      | $442683.50    | 0.21%             | 2047-12-15      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO.                                                                  | SOUTHWEST AIRLINES CO                              | CUSIP: 844741BF4<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $206895.00    | 0.10%             | 2030-02-10      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST                                              | BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2015 20 | CUSIP: 05526QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $688410.14    | 0.33%             | 2033-04-14      | Fixed         | 3.49%                 | Yes           |                  2 | On Loan: No      |
| PENFED AUTO RECEIVABLES OWNER TRUST                                                     | PENFED AUTO RECEIVABLES OWNER TRUST 2022 A         | CUSIP: 706874AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76000 | PA      | $72955.08     | 0.03%             | 2030-06-17      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                          | CARVANA AUTO RECEIVABLES TRUST                     | CUSIP: 14686UAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138250 | PA      | $137152.81    | 0.07%             | 2025-01-15      | Fixed         | 3.28%                 | Yes           |                  2 | On Loan: No      |
| GOLDEN CREDIT CARD TRUST                                                                | GOLDEN CREDIT CARD TRUST                           | CUSIP: 380881FD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $174231.70    | 0.08%             | 2028-08-15      | Fixed         | 1.74%                 | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC.                                                     | ANHEUSER BUSCH INBEV WORLDWIDE INC                 | CUSIP: 03523TBQ0<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $199972.50    | 0.10%             | 2042-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EAGLE MATERIALS INC.                                                                    | EAGLE MATERIALS INC                                | CUSIP: 26969PAB4<br>LEI: 529900KRXRGXL61SG039 | Long             | DBT              | CORP              | US        |    881000 | PA      | $688977.24    | 0.33%             | 2031-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST                                                           | MHC COMMERCIAL MORTGAGE TRUST 2021 MHC             | CUSIP: 55316VAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $473877.35    | 0.23%             | 2026-04-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST                                                          | HYUNDAI AUTO RECEIVABLES TRUST 2021 C              | CUSIP: 44935FAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $441463.16    | 0.21%             | 2028-06-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| ENEL - SPA                                                                              | ENEL SPA                                           | CUSIP: 29265WAA6<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | DBT              | CORP              | IT        |    700000 | PA      | $700889.00    | 0.33%             | 2073-09-24      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| NXP B.V.                                                                                | NXP BV NXP FUNDING LLC NXP USA INC                 | CUSIP: 62954HAJ7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $391090.00    | 0.19%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY BOND                                  | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $540937.50    | 0.26%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| REYNOLDS CONSUMER PRODUCTS LLC                                                          | REYNOLDS CONSUMER PRODUCTS LLC                     | CUSIP: 76171JAB7<br>LEI: 549300DWNZYMOSR1X343 | Long             | DBT              | CORP              | US        |    495646 | PA      | $491076.21    | 0.23%             | 2027-02-04      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                | LLOYDS BANKING GROUP PLC                           | CUSIP: 539439AW9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    152000 | PA      | $161089.60    | 0.08%             | 2033-11-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE I (UK) PLC                                                           | BROOKFIELD FINANCE I UK PLC                        | CUSIP: 11272BAA1<br>LEI: 213800JCKNPJE9FDCJ76 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $190130.00    | 0.09%             | 2032-01-30      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| CAMB COMMERCIAL MORTGAGE TRUST                                                          | CAMB COMMERCIAL MORTGAGE TRUST                     | CUSIP: 12477BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $791275.52    | 0.38%             | 2046-11-10      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST                                                                   | ARI FLEET LEASE TRUST 2022 A                       | CUSIP: 00217QAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $229918.55    | 0.11%             | 2031-01-15      | Fixed         | 4.17%                 | Yes           |                  2 | On Loan: No      |
| BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST                                              | BAMLL COMMERCIAL MORT SECURITIES TRUST             | CUSIP: 05526QAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $663869.69    | 0.32%             | 2033-04-14      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| FLATIRON CLO LTD                                                                        | FLATIRON CLO LTD                                   | CUSIP: 33883MAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $720142.50    | 0.34%             | 2033-11-20      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| THE DOW CHEMICAL COMPANY                                                                | DOW CHEMICAL CO THE                                | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    231000 | PA      | $251990.97    | 0.12%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| GLP Capital, L.P.                                                                       | GLP CAPITAL LP GLP FINANCING II INC                | CUSIP: 361841AR0<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    483000 | PA      | $386496.60    | 0.18%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                                                           | GLOBAL ATLANTIC FIN CO                             | CUSIP: 37959GAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $183270.00    | 0.09%             | 2031-06-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| CARDS II TRUST                                                                          | CARDS II TRUST                                     | CUSIP: 14161GCA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540000 | PA      | $506163.38    | 0.24%             | 2027-04-15      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EHF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    482808 | PA      | $458636.30    | 0.22%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST                                                                    | FIRSTKEY HOMES 2020 SFR1 TRUST                     | CUSIP: 33768JBL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    741926 | PA      | $643300.40    | 0.31%             | 2038-12-17      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC.                                                                              | AMGEN INC                                          | CUSIP: 031162DC1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    350000 | PA      | $224962.50    | 0.11%             | 2052-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ferguson Finance Plc                                                                    | FERGUSON FINANCE PLC                               | CUSIP: 314890AD6<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $228150.00    | 0.11%             | 2032-04-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST                                                               | KUBOTA CREDIT OWNER TRUST                          | CUSIP: 50117EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $471112.04    | 0.22%             | 2026-10-15      | Fixed         | 2.67%                 | Yes           |                  2 | On Loan: No      |
| Ontario Teachers' Cadillac Fairview Properties Trust                                    | ONTARIO TEACHERS CADILLAC FAIRVIEW PROP            | CUSIP: 68327LAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1992000 | PA      | $1499856.48   | 0.71%             | 2031-10-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY | LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54627RAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $134915.93    | 0.06%             | 2039-08-01      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                             | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWET6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    290782 | PA      | $286451.14    | 0.14%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORPORATION                                                               | ALCON FINANCE CORP                                 | CUSIP: 01400EAF0<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253610.00    | 0.12%             | 2052-12-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX TRUST                                           | CUSIP: 05605NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $379737.68    | 0.18%             | 2044-03-09      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| DOLLAR TREE, INC.                                                                       | DOLLAR TREE INC                                    | CUSIP: 256746AJ7<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $403370.00    | 0.19%             | 2031-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                               | INVITATION HOMES OPERATING PARTNERSHIP LP          | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    500000 | PA      | $365890.00    | 0.17%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP, INC.                                                          | CITIZENS FINANCIAL GROUP                           | CUSIP: 174610AW5<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $369175.00    | 0.18%             | 2032-09-30      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                                                            | NEW YORK LIFE GLOBAL FUNDING                       | CUSIP: 64952WEG4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1260960.00   | 0.60%             | 2031-08-01      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                              | FLAGSHIP CREDIT AUTO TRUST 2019 4                  | CUSIP: 33845FAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1265000 | PA      | $1155895.72   | 0.55%             | 2027-03-15      | Fixed         | 4.11%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                                                           | GLOBAL ATLANTIC FIN CO                             | CUSIP: 37959GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $626782.50    | 0.30%             | 2029-10-15      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                                                            | DRIVE AUTO RECEIVABLES TRUST                       | CUSIP: 26208VAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    253832 | PA      | $251811.03    | 0.12%             | 2026-08-17      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                                                           | REGIONS FINANCIAL CORP                             | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    399000 | PA      | $389930.73    | 0.19%             | 2199-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO. IV LLC                                                                 | ARES FINANCE CO IV LLC                             | CUSIP: 039936AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $308485.00    | 0.15%             | 2052-02-01      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                     | COMM 2014 277P MORTGAGE TRUST                      | CUSIP: 12592FAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $305064.32    | 0.15%             | 2049-08-10      | Variable      | 3.61%                 | Yes           |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                               | KRAFT HEINZ FOODS CO                               | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225842.50    | 0.11%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC                                                               | ZOOMINFO TECHNOLOGIES LLC ZOOMINFO FINANCE CORP    | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |    250000 | PA      | $210670.00    | 0.10%             | 2029-02-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1916625 | PA      | $1796533.56   | 0.86%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PAWNEE EQUIPMENT RECEIVABLES LLC                                                        | PAWNEE EQUIPMENT RECEIVABLES                       | CUSIP: 704100AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136000 | PA      | $123078.85    | 0.06%             | 2027-07-15      | Fixed         | 1.82%                 | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                                                             | WESTPAC BANKING CORP                               | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    750000 | PA      | $554865.00    | 0.26%             | 2036-11-18      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO LTD                                                                           | AIMCO CLO 17 LTD                                   | CUSIP: 00889JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $245544.00    | 0.12%             | 2035-07-20      | Floating      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                                               | SCF EQUIPMENT LEASING 2022 2 LLC                   | CUSIP: 78397WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329793 | PA      | $303667.19    | 0.14%             | 2032-10-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EF21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1440335 | PA      | $1386383.37   | 0.66%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                | 5 YEAR US TREASURY NOTE FUTURE MAR23               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         8 | NC      | $-1469.64     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX COMMERCIAL MORTGAGE TRUST 2022 CSMO             | CUSIP: 05610MAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $988940.87    | 0.47%             | 2027-06-15      | Floating      | 8.22%                 | Yes           |                  2 | On Loan: No      |
| WESTERN DIGITAL CORPORATION                                                             | WESTERN DIGITAL CORP                               | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    450000 | PA      | $323586.00    | 0.15%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LP                                                                | VIPER ENERGY PARTNERS LP                           | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475595.00    | 0.23%             | 2027-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST                                                            | FORD CREDIT AUTO LEASE TRUST 2022 A                | CUSIP: 34528LAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321000 | PA      | $311872.47    | 0.15%             | 2025-08-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Becle, S.A.B. de C.V.                                                                   | BECLE SAB DE CV                                    | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $385740.00    | 0.18%             | 2031-10-14      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                | BX TRUST 2021 RISE                                 | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $478448.48    | 0.23%             | 2036-11-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                      | ENERGY TRANSFER PART LP                            | CUSIP: 29277FN31<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | STIV             | CORP              | US        |    600000 | PA      | $599677.07    | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CBRE SERVICES, INC.                                                                     | CBRE SERVICES INC                                  | CUSIP: 12505BAE0<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    250000 | PA      | $197590.00    | 0.09%             | 2031-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP, L.P.                                                              | SIMON PROPERTY GROUP INC                           | CUSIP: 828807DQ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $778400.00    | 0.37%             | 2032-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                                               | HUB INTERNATIONAL LTD                              | CUSIP: 44332EAU0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    244962 | PA      | $242456.24    | 0.12%             | 2025-04-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC.                                                                    | GLOBAL PAYMENTS INC                                | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    500000 | PA      | $395155.00    | 0.19%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| APTARGROUP, INC.                                                                        | APTARGROUP INC                                     | CUSIP: 038336AA1<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |    507000 | PA      | $420536.22    | 0.20%             | 2032-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TRIMARAN CAVU LTD                                                                       | TRIMARAN CAVU LLC                                  | CUSIP: 89624GAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $693309.00    | 0.33%             | 2035-01-18      | Floating      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corporation                                                                   | OPEN TEXT CORP                                     | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    294000 | PA      | $296434.32    | 0.14%             | 2027-12-01      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| AOA MORTGAGE TRUST                                                                      | AOA 2021 1177 MORTGAGE TRUST                       | CUSIP: 00192NAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $234872.73    | 0.11%             | 2036-10-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                                            | TENET HEALTHCARE CORP                              | CUSIP: 88033GDL1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    250000 | PA      | $216452.50    | 0.10%             | 2029-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                | BX TRUST                                           | CUSIP: 05608RAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $229011.41    | 0.11%             | 2036-10-15      | Floating      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EGU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    481745 | PA      | $483064.28    | 0.23%             | 2052-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                          | CARVANA AUTO RECEIVABLES TRUST                     | CUSIP: 14687KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $420849.99    | 0.20%             | 2028-02-10      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TRUST                                                               | FELLS POINT FUNDING TRUST                          | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $455390.00    | 0.22%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| TRESTLES CLO LTD                                                                        | TRESTLES CLO III LTD                               | CUSIP: 89532TAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $472806.50    | 0.23%             | 2033-01-20      | Floating      | 6.49%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                | BX TRUST 2022 CLS                                  | CUSIP: 05609XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $246756.96    | 0.12%             | 2027-10-13      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                                  | AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC          | CUSIP: 03236XAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $493088.52    | 0.23%             | 2028-06-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                                                                    | BLUE OWL FINANCE LLC                               | CUSIP: 09581JAA4<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $921862.50    | 0.44%             | 2031-06-10      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                                                 | BANK OF NEW YORK MELLON CORP THE                   | CUSIP: 064058AH3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239505.00    | 0.11%             | 2199-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                                         | SBA TOWER TRUST                                    | CUSIP: 78403DAX8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $383791.50    | 0.18%             | 2056-10-15      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                             | VERIZON COMMUNICATIONS INC                         | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    250000 | PA      | $157675.00    | 0.08%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINANCE CO. L.L.C.                                                  | BLACKSTONE HOLDINGS FINANCE CO LLC                 | CUSIP: 09261BAA8<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $363160.00    | 0.17%             | 2031-03-30      | Fixed         | 1.60%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO CREDIT LINKED NOTES                                                          | JPMORGAN CHASE BANK NA CACLN                       | CUSIP: 48128U2M0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107756 | PA      | $102982.95    | 0.05%             | 2028-12-26      | Fixed         | 0.89%                 | Yes           |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                                                   | HPEFS EQUIPMENT TRUST 2022 2                       | CUSIP: 40441TAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1254125.65   | 0.60%             | 2030-03-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC.                                                                           | BROADCOM INC                                       | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200670.00    | 0.10%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                                     | EXETER AUTOMOBILE RECEIVABLES TRUST 2019 4         | CUSIP: 30167GAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202093 | PA      | $197078.40    | 0.09%             | 2025-09-15      | Fixed         | 2.58%                 | Yes           |                  2 | On Loan: No      |
| BBCMS TRUST                                                                             | BBCMS 2020 BID MORTGAGE TRUST                      | CUSIP: 05493BAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $293758.34    | 0.14%             | 2037-10-15      | Floating      | 7.96%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX COMMERCIAL MORTGAGE TRUST 2022 CSMO             | CUSIP: 05610MAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $492626.64    | 0.23%             | 2027-06-15      | Floating      | 8.67%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS PHASE I SPONSOR LLC                                                  | NEW ECONOMY ASSETS PHASE 1 SPONSOR LLC             | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    677000 | PA      | $572044.49    | 0.27%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST                                                                   | ARI FLEET LEASE TRUST 2022 A                       | CUSIP: 00217QAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    116000 | PA      | $107928.51    | 0.05%             | 2031-01-15      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: No      |
| VANTAGE DATA CENTERS ISSUER LLC                                                         | VANTAGE DATA CENTERS LLC                           | CUSIP: 92212KAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    453000 | PA      | $370789.37    | 0.18%             | 2045-09-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| LIFE MORTGAGE TRUST                                                                     | LIFE MORTGAGE TRUST US                             | CUSIP: 53218DAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $241741.48    | 0.12%             | 2039-05-15      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| SYMPHONY CLO, LTD.                                                                      | SYMPHONY CLO XXIX LTD                              | CUSIP: 87168GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $483847.50    | 0.23%             | 2034-01-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST                                                                | TRICON RESIDENTIAL 2022 SFR2 TRUST                 | CUSIP: 89616TAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $188939.40    | 0.09%             | 2040-07-17      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| ArcelorMittal SA                                                                        | ARCELORMITTAL SA                                   | CUSIP: 03938LBF0<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $249235.00    | 0.12%             | 2032-11-29      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES, INC.                                                                   | SKYMILES IP LTD                                    | CUSIP: 24736CBS2<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $509000.00    | 0.24%             | 2027-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES, INC.                                                         | UNIVERSAL HEALTH SERVICES INC                      | CUSIP: 913903AY6<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    393000 | PA      | $298562.10    | 0.14%             | 2032-01-15      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    245409 | PA      | $230031.86    | 0.11%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL, INC.                                                                   | ASHTEAD CAPITAL INC                                | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239597.50    | 0.11%             | 2032-08-11      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HUDSON YARDS MORTGAGE TRUST                                                             | HUDSON YARDS 2019 55HY MORTGAGE TRUST              | CUSIP: 44421MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $838892.27    | 0.40%             | 2041-12-10      | Variable      | 2.94%                 | Yes           |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                                                            | DRIVE AUTO RECEIVABLES TRUST 2021 3                | CUSIP: 262081AE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $471725.22    | 0.22%             | 2027-01-15      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS, INC.                                                                | OPEN TEXT CORP OPEN TEXT HOLDINGS INC              | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $194827.50    | 0.09%             | 2031-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNATIONAL, INC.                                                    | SCIENTIFIC GAMES INTERNATIONAL INC                 | CUSIP: 80875AAT8<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    248125 | PA      | $244137.63    | 0.12%             | 2029-04-16      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| SODEXO, INC.                                                                            | SODEXO INC                                         | CUSIP: 833794AB6<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $791280.00    | 0.38%             | 2031-04-16      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| PENFED AUTO RECEIVABLES OWNER TRUST                                                     | PENFED AUTO RECEIVABLES OWNER TRUST 2022 A         | CUSIP: 706874AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $245718.22    | 0.12%             | 2028-12-15      | Fixed         | 4.18%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE CLO LTD                                                                         | OAKTREE CLO 2022 3 LTD                             | CUSIP: 67401RAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $249354.75    | 0.12%             | 2035-07-15      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                    | SANTANDER BANK NA SBCLN                            | CUSIP: 80290CAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420637 | PA      | $404582.36    | 0.19%             | 2031-12-15      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST                                                 | UNITED AUTO CREDIT SECURITIZATION TRUST 2022 1     | CUSIP: 90944DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $240329.10    | 0.11%             | 2027-06-10      | Fixed         | 2.61%                 | Yes           |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                          | BLACKSTONE PRIVATE CREDIT FUND                     | CUSIP: 09261HAY3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247745.00    | 0.12%             | 2025-09-29      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                                | CELANESE US HOLDINGS LLC                           | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    128000 | PA      | $124586.24    | 0.06%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                                      | BOEING CO THE                                      | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $930400.00    | 0.44%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                                       | CROWN CASTLE INTL CORP                             | CUSIP: 22822VAX9<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $342950.00    | 0.16%             | 2041-04-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                                                             | BBCMS 2020 BID MORTGAGE TRUST                      | CUSIP: 05493BAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $488635.86    | 0.23%             | 2037-10-15      | Floating      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                                         | SBA TOWER TRUST                                    | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    211000 | PA      | $210484.46    | 0.10%             | 2052-11-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| VMWARE, INC.                                                                            | VMWARE INC                                         | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    500000 | PA      | $379085.00    | 0.18%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORPORATION                                                             | PILGRIM S PRIDE CORP                               | CUSIP: 72147KAG3<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $195415.00    | 0.09%             | 2032-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES, INC.                                                          | TEXAS CAPITAL BANCSHARES                           | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $437300.00    | 0.21%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES, LP                                                                 | BOARDWALK PIPELINES LP                             | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    250000 | PA      | $209297.50    | 0.10%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SREIT COMMERCIAL MORTGAGE TRUST                                                         | STWD TRUST                                         | CUSIP: 85236WCL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    760000 | PA      | $715703.19    | 0.34%             | 2036-11-15      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                                                                 | MICRON TECHNOLOGY INC                              | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    250000 | PA      | $187550.00    | 0.09%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                    | SANTANDER BANK AUTO CREDIT LINKED NOTES SERIES 202 | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    708862 | PA      | $692041.04    | 0.33%             | 2032-05-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                                              | MAGALLANES INC                                     | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $824520.00    | 0.39%             | 2032-03-15      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY NOTE                                  | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $1729445.32   | 0.82%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| KENNAMETAL INC.                                                                         | KENNAMETAL INC                                     | CUSIP: 489170AE0<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234835.00    | 0.11%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021 SAVE    | CUSIP: 95003LAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227255 | PA      | $206399.36    | 0.10%             | 2040-02-15      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES, INC.                                                   | ALEXANDRIA REAL ESTATE EQUITIES INC                | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $745060.00    | 0.36%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FEDEX CORPORATION                                                                       | FEDEX CORP                                         | CUSIP: 31428XBQ8<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    302000 | PA      | $229399.20    | 0.11%             | 2048-02-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                                            | ROYAL CARIBBEAN CRUISES LTD                        | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $79881.00     | 0.04%             | 2028-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE CLO LTD                                                                         | OAKTREE CLO 2022 3 LTD                             | CUSIP: 67401RAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $246688.25    | 0.12%             | 2035-07-15      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD.                                                              | AMERICAN AIRLINES INC AADVAN                       | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    250000 | PA      | $228715.00    | 0.11%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                                                        | FIRST INVESTORS AUTO OWNER TRUST 2019 1            | CUSIP: 32059TAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214534 | PA      | $213641.35    | 0.10%             | 2025-04-15      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                                                          | MORGAN STANLEY CAPITAL I TRUST 2021 PLZA           | CUSIP: 61773PAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $365072.41    | 0.17%             | 2031-11-09      | Variable      | 2.90%                 | Yes           |                  2 | On Loan: No      |
| CENT CLO LIMITED                                                                        | COLUMBIA CENT CLO 29 LTD                           | CUSIP: 197363AY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $474461.00    | 0.23%             | 2034-10-20      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| TIBCO SOFTWARE INC.                                                                     | TIBCO SOFTWARE INC                                 | CUSIP: 88632NAX8<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $441875.00    | 0.21%             | 2028-09-30      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II                                                             | MASTER CREDIT CARD TRUST                           | CUSIP: 576339CR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $452052.45    | 0.22%             | 2028-07-21      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| HILTON USA TRUST                                                                        | HILTON USA TRUST 2016 HHV                          | CUSIP: 43300LAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $318952.86    | 0.15%             | 2038-11-05      | Variable      | 4.19%                 | Yes           |                  2 | On Loan: No      |
| WarnerMedia Holdings, Inc.                                                              | MAGALLANES INC                                     | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    100000 | PA      | $73428.00     | 0.03%             | 2052-03-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL COMPANY                                                                | ALLEGIANT TRAVEL CO                                | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475950.00    | 0.23%             | 2027-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME CORP.                                                              | OWL ROCK CORE INCOME CORP                          | CUSIP: 69120VAE1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    375000 | PA      | $336067.50    | 0.16%             | 2027-02-08      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| JBS USA Lux S.A.                                                                        | JBS USA LUX SA JBS USA FOOD CO                     | CUSIP: 46590XAD8<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $191787.50    | 0.09%             | 2032-05-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                                      | BOEING CO THE                                      | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $218810.00    | 0.10%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST                                                                    | VERIZON MASTER TRUST                               | CUSIP: 92348KAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $457728.30    | 0.22%             | 2028-04-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORPORATION                                                                     | CENTENE CORP                                       | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    750000 | PA      | $586777.50    | 0.28%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                             | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWE74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    244724 | PA      | $241078.80    | 0.11%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SREIT COMMERCIAL MORTGAGE TRUST                                                         | STWD TRUST                                         | CUSIP: 85236WCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $476850.43    | 0.23%             | 2036-11-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                       | HSBC HOLDINGS PLC                                  | CUSIP: 404280DS5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $264937.50    | 0.13%             | 2033-11-03      | Fixed         | 8.11%                 | No            |                  2 | On Loan: No      |
| 37 CAPITAL CLO LTD                                                                      | PUTNM                                              | CUSIP: 88430TAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $228787.00    | 0.11%             | 2034-10-15      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                                                                       | CSC HOLDINGS LLC                                   | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $163087.50    | 0.08%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| STRATUS STATIC CLO LTD                                                                  | STRATUS CLO 2022 2 LTD                             | CUSIP: 86317YAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $244770.50    | 0.12%             | 2030-07-20      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                                     | SOCIETE GENERALE SA                                | CUSIP: 83368RBK7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $338870.00    | 0.16%             | 2043-01-21      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                                            | MARRIOTT INTERNATIONAL                             | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $207805.00    | 0.10%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                                         | HERTZ VEHICLE FINANCING LLC                        | CUSIP: 42806MAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $856759.33    | 0.41%             | 2028-06-26      | Variable      | 2.65%                 | Yes           |                  2 | On Loan: No      |
| TRIMARAN CAVU LTD                                                                       | TRIMARAN CAVU 2021 2 LTD                           | CUSIP: 89624UAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $467425.50    | 0.22%             | 2034-10-25      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| GXO LOGISTICS, INC.                                                                     | GXO LOGISTICS INC                                  | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $741250.00    | 0.35%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO LTD                                                          | GOLUB CAPITAL PARTNERS CLO LTD                     | CUSIP: 38177JAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $472088.50    | 0.22%             | 2034-01-20      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORPORATION                                                            | UNILEVER CAPITAL CORP                              | CUSIP: 904764BR7<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $162612.50    | 0.08%             | 2051-08-12      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS PHASE I SPONSOR LLC                                                  | NEW ECONOMY ASSETS PHASE 1 SPONSOR LLC             | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    366000 | PA      | $300674.42    | 0.14%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| MTN COMMERCIAL MORTGAGE TRUST                                                           | MTN COMMERCIAL MORTGAGE TRUST                      | CUSIP: 62475WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $239020.80    | 0.11%             | 2039-03-15      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                                            | FORD CREDIT AUTO OWNER TRUST 2022 REV1             | CUSIP: 34528EAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    950000 | PA      | $911275.44    | 0.43%             | 2034-11-15      | Variable      | 2.33%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                             | BANK OF AMERICA CORP                               | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    750000 | PA      | $620325.00    | 0.30%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BALLYROCK CLO LTD                                                                       | BALLYROCK CLO 18 LTD                               | CUSIP: 05875YAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $714338.25    | 0.34%             | 2035-01-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX 2021 LBA3 MORTGAGE TRUST                        | CUSIP: 05609PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $235974.92    | 0.11%             | 2036-10-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                                                               | BPR TRUST 2022 OANA                                | CUSIP: 05592DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $458416.02    | 0.22%             | 2037-04-15      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| TSMC ARIZONA CORPORATION                                                                | TSMC ARIZONA CORP                                  | CUSIP: 872898AC5<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $410785.00    | 0.20%             | 2031-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BALLYROCK CLO LTD                                                                       | BALLYROCK CLO 20 LTD                               | CUSIP: 05876CAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $248106.25    | 0.12%             | 2034-07-15      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                                   | CCG RECEIVABLES TRUST 2021 2                       | CUSIP: 12511EAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $226542.68    | 0.11%             | 2029-03-14      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST                                                | AMERICREDIT AUTOMOBILE RECEIVABLES                 | CUSIP: 03066JAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $452718.35    | 0.22%             | 2027-08-18      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                              | ROGERS COMMUNICATIONS IN                           | CUSIP: 775109CC3<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $215760.00    | 0.10%             | 2032-03-15      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| THE PNC FINANCIAL SERVICES GROUP, INC.                                                  | PNC FINANCIAL SERVICES                             | CUSIP: 693475BE4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $462885.00    | 0.22%             | 2033-06-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                            | BARCLAYS PLC                                       | CUSIP: 06738EBP9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | RF                | GB        |    750000 | PA      | $574807.50    | 0.27%             | 2035-09-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| CENT CLO LIMITED                                                                        | CENT CLO                                           | CUSIP: 19737TAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $224258.25    | 0.11%             | 2034-07-20      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                  | CVS HEALTH CORP                                    | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $391585.00    | 0.19%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                              | FLAGSHIP CREDIT AUTO TRUST 2018 3                  | CUSIP: 33844PAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282676 | PA      | $280226.69    | 0.13%             | 2024-12-16      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINANCE CO. L.L.C.                                                  | BLACKSTONE HOLDINGS FINA                           | CUSIP: 09261BAK6<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252070.00    | 0.12%             | 2033-04-22      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| CULLEN/FROST BANKERS, INC.                                                              | CULLEN FROST BANKERS INC                           | CUSIP: 229899AB5<br>LEI: 529900V2E9G9AY665O34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482350.00    | 0.23%             | 2027-03-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH REV                                                                   | PORT OF SEATTLE WA                                 | CUSIP: 735389X37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $461926.50    | 0.22%             | 2030-08-01      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                                                   | MICROSOFT CORP                                     | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $666410.00    | 0.32%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                             | VERIZON COMMUNICATIONS INC                         | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    750000 | PA      | $617250.00    | 0.29%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP.                                                                       | IRB HOLDING CORP                                   | CUSIP: 44988LAH0<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |    243696 | PA      | $236202.72    | 0.11%             | 2027-12-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| BPR TRUST                                                                               | BPR TRUST 2021 TY                                  | CUSIP: 05592AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $474912.32    | 0.23%             | 2023-09-23      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                    | JPMORGAN CHASE CO                                  | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $411670.00    | 0.20%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST                                                                        | SLG OFFICE TRUST 2021 OVA                          | CUSIP: 78449RAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $379929.90    | 0.18%             | 2041-07-15      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING, LLC                                                   | CHARTER COMMUNICATIONS OPERATING LLC               | CUSIP: 161175CJ1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    500000 | PA      | $428500.00    | 0.20%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                                     | COMM 2014 277P MORTGAGE TRUST                      | CUSIP: 12592FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1235000 | PA      | $1168758.14   | 0.56%             | 2049-08-10      | Variable      | 3.61%                 | Yes           |                  2 | On Loan: No      |
| CHARLESTON CNTY S C SPL SOURCE REV                                                      | COUNTY OF CHARLESTON SC                            | CUSIP: 160130BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $203300.75    | 0.10%             | 2029-12-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies Inc.                                                         | GE HEALTHCARE HOLDING LLC                          | CUSIP: 36267VAJ2<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259387.50    | 0.12%             | 2032-11-22      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                                     | FIFTH THIRD BANCORP                                | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    217000 | PA      | $198756.81    | 0.09%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC.                                                                           | BROADCOM INC                                       | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $374795.00    | 0.18%             | 2033-02-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST                                             | ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST 2020 M | CUSIP: 03882LAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $429606.89    | 0.20%             | 2054-12-15      | Variable      | 3.29%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                    | JPMORGAN CHASE CO                                  | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245665.00    | 0.12%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America, Inc                                                      | AMCOR FLEXIBLES NORTH AMERICA INC                  | CUSIP: 02344AAA6<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $812570.00    | 0.39%             | 2031-05-25      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| EATON VANCE CLO LTD                                                                     | EATON VANCE CLO 2020 2 LTD                         | CUSIP: 27829PAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $475233.50    | 0.23%             | 2035-01-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                          | CARVANA AUTO RECEIVABLES TRUST                     | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $785238.55    | 0.37%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| DELTA 2 LUX SARL                                                                        | DELTA 2 LUX SARL                                   | CUSIP: L2465BAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $499375.00    | 0.24%             | 2030-01-15      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                            | MIZUHO FINANCIAL GROUP INC                         | CUSIP: 60687YBU2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $382315.00    | 0.18%             | 2031-09-13      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| JAB Holdings B.V.                                                                       | JAB HOLDINGS BV                                    | CUSIP: 46653KAB4<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $206955.00    | 0.10%             | 2051-05-28      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                          | BLACKSTONE PRIVATE CREDIT FUND                     | CUSIP: 09261HAJ6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    750000 | PA      | $632047.50    | 0.30%             | 2027-03-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                             | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JBU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319000 | PA      | $295601.80    | 0.14%             | 2026-10-15      | Fixed         | 1.42%                 | Yes           |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST                                                                    | FIRSTKEY HOMES 2020 SFR1 TRUST                     | CUSIP: 33768JBP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $633135.60    | 0.30%             | 2038-12-17      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                                                  | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $830502.60    | 0.40%             | 2052-02-15      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| DUNKIN BRANDS                                                                           | DB MASTER FINANCE LLC                              | CUSIP: 233046AQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1336500 | PA      | $1089469.29   | 0.52%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                                               | SCF EQUIPMENT LEASING 2022 2 LLC                   | CUSIP: 78397WAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196294 | PA      | $190780.38    | 0.09%             | 2032-08-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME CORP.                                                              | OWL ROCK CORE INCOME CORP                          | CUSIP: 69120VAN1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    152000 | PA      | $151233.92    | 0.07%             | 2027-09-16      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC.                                                                      | NEWELL BRANDS INC                                  | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    273000 | PA      | $269453.73    | 0.13%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST                                                                | TRICON RESIDENTIAL 2022 SFR1 TRUST                 | CUSIP: 89616QAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $697671.44    | 0.33%             | 2039-04-17      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MILLS, INC.                                                                     | GENERAL MILLS INC                                  | CUSIP: 370334CQ5<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200497.50    | 0.10%             | 2031-10-14      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                | 10 YEAR US TREASURY NOTE FUTURE MAR23              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        60 | NC      | $-35200.67    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                                                                | STATE STREET CORP                                  | CUSIP: 857477BV4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    750000 | PA      | $692265.00    | 0.33%             | 2033-08-04      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| HILTON USA TRUST                                                                        | HILTON USA TRUST 2016 HHV                          | CUSIP: 43300LAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $180098.22    | 0.09%             | 2038-11-05      | Variable      | 4.19%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG (New York Branch)                                                      | DEUTSCHE BANK AG NEW YORK NY                       | CUSIP: 25160PAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $715880.00    | 0.34%             | 2033-01-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                            | TCF NATIONAL BANK                                  | CUSIP: 87227RQE7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    750000 | PA      | $724365.00    | 0.35%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                | U S TREASURY NOTE                                  | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10650000 | PA      | $9032531.25   | 4.30%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                                                      | T MOBILE USA INC                                   | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $433035.00    | 0.21%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                              | FLAGSHIP CREDIT AUTO TRUST 2021 4                  | CUSIP: 33845AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $455317.11    | 0.22%             | 2027-12-15      | Fixed         | 1.96%                 | Yes           |                  2 | On Loan: No      |
| SkyMiles IP Ltd.                                                                        | DELTA AIR LINES SKYMILES                           | CUSIP: 830867AB3<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $470955.00    | 0.22%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                    | CARNIVAL CORP                                      | CUSIP: 143658BS0<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    250000 | PA      | $204335.00    | 0.10%             | 2030-06-01      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX COMMERCIAL MORTGAGE TRUST 2020 VIV3             | CUSIP: 05608EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $201464.38    | 0.10%             | 2044-03-09      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| BXP TRUST                                                                               | BXP TRUST 2017 GM                                  | CUSIP: 05607TAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $352961.60    | 0.17%             | 2044-01-15      | Variable      | 2.78%                 | Yes           |                  2 | On Loan: No      |
| AIRCASTLE LIMITED                                                                       | AIRCASTLE LTD                                      | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $235370.00    | 0.11%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SMRT COMMERCIAL MORTGAGE TRUST                                                          | SMRT 2022 MINI                                     | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $228748.81    | 0.11%             | 2024-01-15      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN CLO LTD                                                                          | DRYDEN 112 CLO LTD                                 | CUSIP: 26243DAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $245440.75    | 0.12%             | 2034-08-15      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL, INC.                                                                   | ASHTEAD CAPITAL INC                                | CUSIP: 045054AP8<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $193052.50    | 0.09%             | 2031-08-12      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                                                             | HEALTHPEAK PROPERTIES INC                          | CUSIP: 42250PAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $208905.00    | 0.10%             | 2031-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OSCAR US FUNDING TRUST                                                                  | OSCAR US FUNDING XII LLC                           | CUSIP: 68785AAD7<br>LEI: 549300GTSLUONMR77U11 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $228228.43    | 0.11%             | 2028-04-10      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| WORKDAY, INC.                                                                           | WORKDAY INC                                        | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    250000 | PA      | $220627.50    | 0.11%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                                                      | KOHL S CORP                                        | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    700000 | PA      | $491435.00    | 0.23%             | 2031-05-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                                               | SOTHEBY S                                          | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472390.00    | 0.23%             | 2027-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III, LLC                                                      | LYB INTERNATIONAL FINANCE III LLC                  | CUSIP: 50249AAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $177555.00    | 0.08%             | 2040-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                                                          | SYNCHRONY BANK                                     | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244112.50    | 0.12%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ACUITY BRANDS LIGHTING, INC.                                                            | ACUITY BRANDS LIGHTING                             | CUSIP: 00510RAD5<br>LEI: 549300OTPVPFLUC38K21 | Long             | DBT              | CORP              | US        |    500000 | PA      | $384190.00    | 0.18%             | 2030-12-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| THE TIMKEN COMPANY                                                                      | TIMKEN CO THE                                      | CUSIP: 887389AL8<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445605.00    | 0.21%             | 2032-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK, N.A.                                                                    | SANTANDER BANK NA SBCLN                            | CUSIP: 80290CAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    394347 | PA      | $380723.19    | 0.18%             | 2031-12-15      | Fixed         | 3.27%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corp                                                                      | BAUSCH LOMB INCORPORATED                           | CUSIP: C0787FAB8<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    498750 | PA      | $473503.28    | 0.23%             | 2027-05-10      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                                                             | RESORTS WORLD LAS VEGAS LLC                        | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $335230.00    | 0.16%             | 2031-04-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                                                          | CHARLES SCHWAB CORP THE                            | CUSIP: 808513BD6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1470240.00   | 0.70%             | 2199-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corporation                                                            | TRUIST FINANCIAL CORP                              | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232167.50    | 0.11%             | 2199-12-31      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS, INC.                                                           | DUQUESNE LIGHT HOLDINGS INC                        | CUSIP: 266233AJ4<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $391655.00    | 0.19%             | 2032-01-07      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| GRAY TELEVISION, INC.                                                                   | GRAY TELEVISION INC                                | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    250000 | PA      | $180887.50    | 0.09%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| STERIS IRISH FINCO UNLIMITED COMPANY                                                    | STERIS IRISH FINCO UNLTD CO                        | CUSIP: 85917PAA5<br>LEI: 549300BRDKZ1HFI2J358 | Long             | DBT              | CORP              | IE        |    650000 | PA      | $528092.50    | 0.25%             | 2031-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS, INC.                                                                     | LITHIA MOTORS INC                                  | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $205157.50    | 0.10%             | 2031-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| LCM LTD.                                                                                | LCM LP                                             | CUSIP: 50190LAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $698940.75    | 0.33%             | 2034-01-15      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES, INC.                                            | FIDELITY NATIONAL INFORMATION SERVICES INC         | CUSIP: 31620MBY1<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482390.00    | 0.23%             | 2032-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO, LTD.                                                                      | SYMPHONY CLO XXII LTD                              | CUSIP: 87167GBC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $473538.50    | 0.23%             | 2033-04-18      | Floating      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                            | BX COMMERCIAL MORTGAGE TRUST 2021 XL2              | CUSIP: 05609KAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231679 | PA      | $219974.11    | 0.10%             | 2036-10-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| COSTAR GROUP, INC.                                                                      | COSTAR GROUP INC                                   | CUSIP: 22160NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $204815.00    | 0.10%             | 2030-07-15      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| Whatabrands LLC                                                                         | WHATABRANDS LLC                                    | CUSIP: 96244UAF4<br>LEI: 254900HMMX4HTWIP0085 | Long             | DBT              | CORP              | US        |    491869 | PA      | $474756.63    | 0.23%             | 2028-07-21      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT INC.                                                                     | CENTRAL PARENT INC                                 | CUSIP: 15477BAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247442.50    | 0.12%             | 2029-07-06      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| TSTAT LTD                                                                               | TSTAT 2022 1 LTD                                   | CUSIP: 872899AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $244265.00    | 0.12%             | 2031-07-20      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| MASTER CREDIT CARD TRUST II                                                             | MASTER CREDIT CARD TRUST                           | CUSIP: 576339CL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $929087.70    | 0.44%             | 2025-11-21      | Fixed         | 1.06%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                | 30 YEAR US TREASURY BOND FUTURE MAR23              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        27 | NC      | $-5008.87     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| VERTICAL BRIDGE CC LLC                                                                  | VB S1 ISSUER LLC VBTEL                             | CUSIP: 91823AAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $789459.60    | 0.38%             | 2052-02-15      | Fixed         | 3.71%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC.                                                                               | AT T INC                                           | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227380.00    | 0.11%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                   | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EJ84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    973521 | PA      | $976188.18    | 0.47%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST                                               | SANTANDER CONSUMER AUTO RECEIVABLES TRUST          | CUSIP: 80281MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $246723.20    | 0.12%             | 2026-04-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                                                | VULCAN MATERIALS CO                                | CUSIP: 929160AV1<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    545000 | PA      | $455505.55    | 0.22%             | 2047-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS MORTGAGE TRUST                                                             | HUDSON YARDS                                       | CUSIP: 44421GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    365000 | PA      | $285835.92    | 0.14%             | 2039-07-10      | Variable      | 3.44%                 | Yes           |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST                                                                    | FIRSTKEY HOMES 2020 SFR1 TRUST                     | CUSIP: 33768JBM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $434169.82    | 0.21%             | 2038-12-17      | Fixed         | 2.44%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                          | MORGAN STANLEY                                     | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    600000 | PA      | $437658.00    | 0.21%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST                                                | GS MORTGAGE SECURITIES CORP TRUST 2022 SHIP        | CUSIP: 36269CAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $969568.70    | 0.46%             | 2024-08-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| ILPT COMMERCIAL MORTGAGE TRUST                                                          | COMMERCIAL MORTGAGE PASS THROUGH                   | CUSIP: 449653AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $585157.46    | 0.28%             | 2032-03-15      | Variable      | 3.82%                 | Yes           |                  2 | On Loan: No      |
| SUMIT MORTGAGE TRUST                                                                    | SUMIT 2022 BVUE MORTGAGE TRUST                     | CUSIP: 865592AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    363636 | PA      | $269615.73    | 0.13%             | 2041-02-12      | Variable      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS, INC.                                                                   | PRESTIGE BRANDS INC                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    209000 | PA      | $172872.26    | 0.08%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                                                  | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2021 4      | CUSIP: 80285VAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $237811.45    | 0.11%             | 2027-02-16      | Fixed         | 1.26%                 | No            |                  2 | On Loan: No      |
| EVERGREEN CREDIT CARD TRUST                                                             | EVERGREEN CREDIT CARD TRUST                        | CUSIP: 30023JBV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $244638.08    | 0.12%             | 2026-07-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| NORDSTROM, INC.                                                                         | NORDSTROM INC                                      | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    250000 | PA      | $180342.50    | 0.09%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CNT HOLDINGS I CORP                                                                     | CNT HOLDINGS I CORP                                | CUSIP: 12656AAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    249367 | PA      | $240950.95    | 0.11%             | 2027-11-08      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO                                                                         | SOUND POINT CLO LTD                                | CUSIP: 83616AAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $470550.00    | 0.22%             | 2034-10-25      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Pentair Finance S.a r.l.                                                                | PENTAIR FINANCE SARL                               | CUSIP: 709629AS8<br>LEI: 549300H2U8U8TZPV3T89 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $247742.50    | 0.12%             | 2032-07-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                                                   | AIR LEASE CORP                                     | CUSIP: 00914AAS1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $398855.00    | 0.19%             | 2032-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                              | FLAGSHIP CREDIT AUTO TRUST                         | CUSIP: 33845DAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433905 | PA      | $430513.85    | 0.21%             | 2024-12-16      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| METLIFE, INC.                                                                           | METLIFE INC                                        | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    250000 | PA      | $291892.50    | 0.14%             | 2068-04-08      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                                                                | GROUP 1 AUTOMOTIVE INC                             | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85020.00     | 0.04%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Victory Portfolios II

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer