# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-25-020542
**Filing Date:** 2025-12
**Character Count:** 120529
**Document Hash:** d1f6e3325aead24545a47dc5cb4c9d45
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020542.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020542

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 251615095

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### AAM Low Duration Preferred and Income Securities ETF (Series ID: S000066987)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000215601 | AAM Low Duration Preferred and Income Securities ETF | PFLD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** AAM Low Duration Preferred and Income Securities ETF

- **b. EDGAR series identifier (if any):** S000066987

- **c. LEI of Series:** 5493002CPVU78CYSG396

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $513927482.13

**Total Liabilities:** $29224431.29

**Net Assets:** $484703050.84

**Cash Not Reported:** $40562.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 219.622244000000 | **1-Year:** 8545.800698000000 | **5-Year:** 20032.091684000000 | **10-Year:** 121.072911000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 89.746324000000 | **1-Year:** 3046.790142000000 | **5-Year:** 11399.142823000000 | **10-Year:** 91.831022000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215601 | 0.71%                | 0.93%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-48741.02               | $1466080.74                                |
| Month 2  | $273430.81               | $1818666.24                                |
| Month 3  | $385346.79               | $-784288.90                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BAC CAPITAL TRUST XIV                     | BAC Capital Trust XIV                                     | CUSIP: 05518VAA3<br>LEI: 549300QO5OB3VGJT6S64 | Long             | DBT              | CORP              | US        |    655000 | PA      | $556554.33    | 0.11%             | 2025-11-18      | Variable      | 4.70%                 | No            | 2                  | On Loan: No      |
| B RILEY FINANCIAL INC                     | B Riley Financial Inc                                     | CUSIP: 05580M827<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     10341 | NS      | $250872.66    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| B RILEY FINANCIAL INC                     | B Riley Financial Inc                                     | CUSIP: 05580M835<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     22551 | NS      | $290907.90    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| BABCOCK & WILCOX ENTERPR                  | Babcock & Wilcox Enterprises Inc                          | CUSIP: 05614L506<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |       105 | NS      | $2447.55      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BANC OF CALIFORNIA INC                    | Banc of California Inc                                    | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |     52249 | NS      | $1301522.59   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505179<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     54319 | NS      | $1406318.91   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505195<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     43769 | NS      | $1092036.55   | 0.23%             |  |  |  | No            | 1                  | On Loan: —       |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     69845 | NS      | $1771967.65   | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505583<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     20079 | NS      | $409410.81    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505591<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      9712 | NS      | $205894.40    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PJ4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    715000 | PA      | $740368.20    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2220000 | PA      | $2289925.56   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1900000 | PA      | $1933063.80   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2540000 | PA      | $2612938.64   | 0.54%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRST CITIZENS BANCSHARE                  | First Citizens BancShares Inc/NC                          | CUSIP: 31959XAA1<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |    840000 | PA      | $857850.00    | 0.18%             |  |  |  | No            | 2                  | On Loan: —       |
| FIRST HORIZON CORP                        | First Horizon Corp                                        | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     13751 | NS      | $340337.25    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                           | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |   2540000 | PA      | $2514160.83   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                           | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |   1295000 | PA      | $1296012.69   | 0.27%             |  |  |  | No            | 2                  | On Loan: —       |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                           | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |   1290000 | PA      | $1294120.26   | 0.27%             |  |  |  | No            | 2                  | On Loan: —       |
| GLADSTONE INVESTMENT COR                  | Gladstone Investment Corp                                 | CUSIP: 376546800<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     13019 | NS      | $328208.99    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| MFA FINANCIAL INC                         | MFA Financial Inc                                         | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     27992 | NS      | $664810.00    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| MFA FINANCIAL INC                         | MFA Financial Inc                                         | CUSIP: 55272X706<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     11704 | NS      | $292248.88    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MELLON CAPITAL IV                         | Mellon Capital IV                                         | CUSIP: 58551TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1100298.79   | 0.23%             | 2025-12-03      | Variable      | 4.83%                 | No            | 2                  | On Loan: No      |
| MERCHANTS BANCORP                         | Merchants Bancorp/IN                                      | CUSIP: 58844R884<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |     14505 | NS      | $355082.40    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                               | CUSIP: 59156R504<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     61072 | NS      | $1458399.36   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                               | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     79354 | NS      | $1945760.08   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                               | CUSIP: 59156RBT4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1295000 | PA      | $1327062.91   | 0.27%             |  |  |  | No            | 2                  | On Loan: —       |
| MIDLAND STATES BANCORP                    | Midland States Bancorp Inc                                | CUSIP: 597742303<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EP               | CORP              | US        |     11704 | NS      | $276799.60    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61745VAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    775000 | PA      | $776211.33    | 0.16%             |  |  |  | No            | 2                  | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61747S504<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    111969 | NS      | $2346870.24   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    101792 | NS      | $2560068.80   | 0.53%             |  |  |  | No            | 1                  | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     87796 | NS      | $2245821.68   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    101792 | NS      | $2482706.88   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61762VAA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1035000 | PA      | $1032880.42   | 0.21%             |  |  |  | No            | 2                  | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     86519 | NS      | $2182009.18   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| NATIONAL RURAL UTIL COOP                  | National Rural Utilities Cooperative Finance Corp         | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    905000 | PA      | $897906.16    | 0.19%             | 2046-04-20      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| NEVADA POWER CO                           | Nevada Power Co                                           | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    775000 | PA      | $789277.83    | 0.16%             | 2055-05-15      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| NEW MOUNTAIN FINANCE COR                  | New Mountain Finance Corp                                 | CUSIP: 647551308<br>LEI: 549300L1MPTT1H7SES77 | Long             | EP               | CORP              | US        |     11704 | NS      | $293068.16    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| FLAGSTAR BANK NA                          | Flagstar Bank NA                                          | CUSIP: 649445202<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EP               | CORP              | US        |     52424 | NS      | $1139173.52   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   1840000 | PA      | $1911824.40   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| STIFEL FINANCIAL CORP                     | Stifel Financial Corp                                     | CUSIP: 860630706<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     14672 | NS      | $363865.60    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| SYNOVUS FINANCIAL CORP                    | Synovus Financial Corp                                    | CUSIP: 87161C600<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |     20358 | NS      | $517296.78    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| TELUS CORP                                | TELUS Corp                                                | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |   1775000 | PA      | $1831173.30   | 0.38%             | 2055-10-15      | Variable      | 6.62%                 | No            | 2                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  26941924 | NS      | $26941923.75  | 5.56%             |  |  |  | No            | N/A                | On Loan: No      |
| FTAI AVIATION LTD                         | FTAI Aviation Ltd                                         | CUSIP: EP0602243<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     10694 | NS      | $273766.40    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| GASLOG PARTNERS LP                        | GasLog Partners LP                                        | CUSIP: EP0528133<br>LEI: 5299004R0RSGEG82BS06 | Long             | EP               | CORP              | MH        |     12938 | NS      | $331212.80    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| ASSOC BANC-CORP                           | Associated Banc-Corp                                      | CUSIP: 045487600<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |     30538 | NS      | $754288.60    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| ASSURANT INC                              | Assurant Inc                                              | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1063261.26   | 0.22%             | 2048-03-27      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                                        | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     50896 | NS      | $1306500.32   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                                        | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     58528 | NS      | $1477832.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                                        | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     87796 | NS      | $2190510.20   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| ATLANTIC UNION BANKSHARE                  | Atlantic Union Bankshares Corp                            | CUSIP: 04911A206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15717 | NS      | $393082.17    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ATLANTICUS HOLDINGS CORP                  | Atlanticus Holdings Corp                                  | CUSIP: 04914Y300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15087 | NS      | $372196.29    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ATLANTICUS HOLDINGS CORP                  | Atlanticus Holdings Corp                                  | CUSIP: 04914Y409<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     16844 | NS      | $430364.20    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BP CAPITAL MARKETS PLC                    | BP Capital Markets PLC                                    | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   6220000 | PA      | $6217836.68   | 1.28%             | 2030-03-22      | Variable      | 4.88%                 | No            | 2                  | On Loan: No      |
| B RILEY FINANCIAL INC                     | B Riley Financial Inc                                     | CUSIP: 05580M793<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     20985 | NS      | $367237.50    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| B RILEY FINANCIAL INC                     | B Riley Financial Inc                                     | CUSIP: 05580M801<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     18373 | NS      | $356987.39    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| B RILEY FINANCIAL INC                     | B Riley Financial Inc                                     | CUSIP: 05580M819<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     40802 | NS      | $417404.46    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2195000 | PA      | $2158802.69   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2630000 | PA      | $2661110.27   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   3940000 | PA      | $4101540.00   | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   3250000 | PA      | $3305965.00   | 0.68%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     50896 | NS      | $1311080.96   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   2490000 | PA      | $2475545.05   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1510000 | PA      | $1497491.92   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   3255000 | PA      | $3189563.43   | 0.66%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AN0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1295000 | PA      | $1333795.80   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1285000 | PA      | $1304625.81   | 0.27%             |  |  |  | No            | 2                  | On Loan: —       |
| BELL CANADA                               | Bell Telephone Co of Canada or Bell Canada                | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   2495000 | PA      | $2603782.00   | 0.54%             | 2055-09-15      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| BROOKFIELD INFRA FIN ULC                  | Brookfield Infrastructure Finance ULC                     | CUSIP: 11276BAA7<br>LEI: 984500CDDWC47U7DBA74 | Long             | DBT              | CORP              | CA        |    775000 | PA      | $788429.20    | 0.16%             | 2055-03-15      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| BRUNSWICK CORP                            | Brunswick Corp/DE                                         | CUSIP: 117043406<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |     17195 | NS      | $430046.95    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BRUNSWICK CORP                            | Brunswick Corp/DE                                         | CUSIP: 117043604<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |     21934 | NS      | $540234.42    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     42751 | NS      | $1075615.16   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R704<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     50129 | NS      | $1249214.68   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R803<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     52679 | NS      | $1345948.45   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                  | Capital One Financial Corp                                | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   2480000 | PA      | $2437151.30   | 0.50%             |  |  |  | No            | 2                  | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                  | Capital One Financial Corp                                | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   1475000 | PA      | $1475118.00   | 0.30%             |  |  |  | No            | 2                  | On Loan: —       |
| CENTERPOINT ENERGY INC                    | CenterPoint Energy Inc                                    | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1081810.98   | 0.22%             | 2055-02-15      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| CENTERPOINT ENERGY INC                    | CenterPoint Energy Inc                                    | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1332920.88   | 0.27%             | 2055-05-15      | Variable      | 6.70%                 | No            | 2                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     33083 | NS      | $794322.83    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     26467 | NS      | $586244.05    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     20358 | NS      | $490424.22    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q869<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     12160 | NS      | $301932.80    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| CION INVESTMENT CORP                      | CION Investment Corp                                      | CUSIP: 17259U303<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |     15268 | NS      | $384142.88    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1905000 | PA      | $1920828.65   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1905000 | PA      | $1901229.62   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2925000 | PA      | $2905984.58   | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1270000 | PA      | $1247683.81   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1585000 | PA      | $1642186.80   | 0.34%             |  |  |  | No            | 2                  | On Loan: —       |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1905000 | PA      | $1993201.50   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| DIAMONDROCK HOSPITALITY                   | DiamondRock Hospitality Co                                | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |     12115 | NS      | $307721.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| DILLARDS CAP TRUST I                      | Dillard's Capital Trust I                                 | CUSIP: 25406P200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20358 | NS      | $524829.24    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| DOMINION ENERGY INC                       | Dominion Energy Inc                                       | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EP               | CORP              | US        |   1840000 | PA      | $1809726.66   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                       | Dominion Energy Inc                                       | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2076777.06   | 0.43%             | 2056-02-15      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                          | CUSIP: 26441C402<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |     50709 | NS      | $1236285.42   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                          | CUSIP: 26441C501<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |    101792 | NS      | $2548871.68   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                          | CUSIP: 26441CBP9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1245915.62   | 0.26%             | 2082-01-15      | Variable      | 3.25%                 | No            | 2                  | On Loan: No      |
| DYNEX CAPITAL INC                         | Dynex Capital Inc                                         | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |     10524 | NS      | $271413.96    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |   2905000 | PA      | $2876174.27   | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |   1305000 | PA      | $1272834.23   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1331367.72   | 0.27%             | 2053-06-15      | Variable      | 8.12%                 | No            | 2                  | On Loan: —       |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1193888.24   | 0.25%             | 2054-06-15      | Variable      | 7.88%                 | No            | 2                  | On Loan: No      |
| ELLINGTON FINANCIAL                       | Ellington Financial Inc                                   | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     11704 | NS      | $295526.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ELLINGTON FINANCIAL                       | Ellington Financial Inc                                   | CUSIP: 28852N307<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     12265 | NS      | $288227.50    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ELLINGTON FINANCIAL                       | Ellington Financial Inc                                   | CUSIP: 28852N406<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     10182 | NS      | $257808.24    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| EMERA INC                                 | Emera Inc                                                 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   3010000 | PA      | $3024348.67   | 0.62%             | 2076-06-15      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1890000 | PA      | $1895617.08   | 0.39%             | 2077-01-15      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2565000 | PA      | $2555974.79   | 0.53%             | 2077-07-15      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2150000 | PA      | $2172157.90   | 0.45%             | 2078-03-01      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2540000 | PA      | $2557211.04   | 0.53%             | 2080-07-15      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1295000 | PA      | $1334494.91   | 0.28%             | 2083-01-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   1425000 | PA      | $1422808.49   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   2230000 | PA      | $2239374.92   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1069662.15   | 0.22%             | 2054-10-01      | Variable      | 7.12%                 | No            | 2                  | On Loan: —       |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2972828.10   | 0.61%             | 2056-02-15      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| ENSTAR FINANCE LLC                        | Enstar Finance LLC                                        | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1280012.32   | 0.26%             | 2042-01-15      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| ENTERGY CORP                              | Entergy Corp                                              | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   3010000 | PA      | $3162345.13   | 0.65%             | 2054-12-01      | Variable      | 7.12%                 | No            | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                  | Enterprise Products Operating LLC                         | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2533090.44   | 0.52%             | 2077-08-16      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                  | Enterprise Products Operating LLC                         | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1701655.20   | 0.35%             | 2078-02-15      | Variable      | 5.38%                 | No            | 2                  | On Loan: No      |
| EVERGY INC                                | Evergy Inc                                                | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1332141.90   | 0.27%             | 2055-06-01      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| FAT BRANDS INC                            | FAT Brands Inc                                            | CUSIP: 30258N501<br>LEI: 549300TZCVF3UHX37729 | Long             | EP               | CORP              | US        |     21399 | NS      | $49003.71     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                       | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     45806 | NS      | $1168053.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                       | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     20272 | NS      | $505178.24    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                       | CUSIP: 316773CM0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   1550000 | PA      | $1553146.50   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128B655<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    111828 | NS      | $2822538.72   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2010000 | PA      | $2018805.81   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2415000 | PA      | $2416357.23   | 0.50%             |  |  |  | No            | 2                  | On Loan: —       |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   3250000 | PA      | $3210111.78   | 0.66%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   4080000 | PA      | $4298463.60   | 0.89%             |  |  |  | No            | 2                  | On Loan: No      |
| KEMPER CORP                               | Kemper Corp                                               | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |     15268 | NS      | $361240.88    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     25448 | NS      | $636708.96    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |   1295000 | PA      | $1288483.69   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261FAL8<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |   1035000 | PA      | $1039253.85   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |   1295000 | PA      | $1248587.72   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| SOLUNA HOLDINGS INC                       | Soluna Holdings Inc                                       | CUSIP: 583543202<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     12604 | NS      | $138896.08    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| NEWTEKONE INC                             | NewtekOne Inc                                             | CUSIP: 652526708<br>LEI: 549300YLU78IA8GKJ688 | Long             | EP               | CORP              | US        |     11704 | NS      | $292131.84    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KAV2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1389888.33   | 0.29%             | 2077-12-01      | Variable      | 4.80%                 | No            | 2                  | On Loan: —       |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1302342.72   | 0.27%             | 2079-05-01      | Variable      | 5.65%                 | No            | 2                  | On Loan: —       |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1423180.75   | 0.29%             | 2082-03-15      | Variable      | 3.80%                 | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475AQ8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   1355000 | PA      | $1353055.58   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   3755000 | PA      | $3646186.86   | 0.75%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   2490000 | PA      | $2503821.99   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   3135000 | PA      | $3185611.44   | 0.66%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   3755000 | PA      | $3852866.57   | 0.79%             |  |  |  | No            | 2                  | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                  | Plains All American Pipeline LP                           | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | EP               | CORP              | US        |   2000000 | PA      | $2002282.00   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320805<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |     55344 | NS      | $1350947.04   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| SCE TRUST IV                              | SCE Trust IV                                              | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     33083 | NS      | $785721.25    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| SCE TRUST V                               | SCE Trust V                                               | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30538 | NS      | $730163.58    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| SARATOGA INVESTMENT CORP                  | Saratoga Investment Corp                                  | CUSIP: 80349A802<br>LEI: 54930023WJCWPAGSWE41 | Long             | EP               | CORP              | US        |     10737 | NS      | $268102.89    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     76342 | NS      | $1916947.62   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513AR6<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1265000 | PA      | $1237892.32   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   5605000 | PA      | $5256497.92   | 1.08%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   5200000 | PA      | $5152633.72   | 1.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1840000 | PA      | $1840623.76   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2428521.15   | 0.50%             | 2052-04-01      | Variable      | 4.12%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2845623.00   | 0.59%             | 2054-10-01      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1051632.45   | 0.22%             | 2055-04-01      | Variable      | 6.62%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2111532.76   | 0.44%             | 2056-04-01      | Variable      | 6.38%                 | No            | 2                  | On Loan: —       |
| SIERRA PACIFIC POWER CO                   | Sierra Pacific Power Co                                   | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1153892.24   | 0.24%             | 2055-12-15      | Variable      | 6.20%                 | No            | 2                  | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                  | South Bow Canadian Infrastructure Holdings Ltd            | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1145153.90   | 0.24%             | 2055-03-01      | Variable      | 7.62%                 | No            | 2                  | On Loan: No      |
| SOUTHERN CO                               | Southern Co/The                                           | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   3135000 | PA      | $3122117.03   | 0.64%             | 2051-01-15      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| SOUTHERN CO                               | Southern Co/The                                           | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2506644.97   | 0.52%             | 2051-09-15      | Variable      | 3.75%                 | No            | 2                  | On Loan: No      |
| SPIRE INC                                 | Spire Inc                                                 | CUSIP: 84857L309<br>LEI: 549300NXSY15DRY2R511 | Long             | EP               | CORP              | US        |     23890 | NS      | $585066.10    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |     50896 | NS      | $1165518.40   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   3755000 | PA      | $3903269.93   | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   2100000 | PA      | $2204105.40   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| T-MOBILE USA INC                          | T-Mobile USA Inc                                          | CUSIP: 87264A105<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |     38201 | NS      | $953878.97    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                | CUSIP: 880591300<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | USGA              | US        |     26110 | NS      | $624812.30    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TRANSCANADA PIPELINES                     | TransCanada PipeLines Ltd                                 | CUSIP: 89352HBG3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   1845000 | PA      | $1901396.12   | 0.39%             | 2065-06-01      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   3010000 | PA      | $3010159.53   | 0.62%             | 2076-08-15      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAC2<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   3755000 | PA      | $3733572.47   | 0.77%             | 2077-03-15      | Variable      | 5.30%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   2750000 | PA      | $2738295.45   | 0.56%             | 2079-09-15      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| TRINITY CAPITAL INC/MD                    | Trinity Capital Inc                                       | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     11868 | NS      | $302396.64    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TRINITY CAPITAL INC/MD                    | Trinity Capital Inc                                       | CUSIP: 896442704<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     12136 | NS      | $308375.76    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   4260000 | PA      | $4277640.66   | 0.88%             |  |  |  | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   2540000 | PA      | $2537411.49   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   2470000 | PA      | $2476940.70   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     12855 | NS      | $299521.50    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     25856 | NS      | $579950.08    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     24584 | NS      | $579199.04    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B887<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     11704 | NS      | $300792.80    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    101792 | NS      | $1921832.96   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      1469 | NS      | $1160510.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973AZ9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   2540000 | PA      | $2540246.38   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   3755000 | PA      | $3647096.70   | 0.75%             |  |  |  | No            | 2                  | On Loan: —       |
| USB CAPITAL IX                            | USB Capital IX                                            | CUSIP: 91731KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1420287.44   | 0.29%             | 2025-12-03      | Variable      | 5.19%                 | No            | 2                  | On Loan: No      |
| VALLEY NATIONAL BANCORP                   | Valley National Bancorp                                   | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     11704 | NS      | $296930.48    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| VALLEY NATIONAL BANCORP                   | Valley National Bancorp                                   | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     10182 | NS      | $257095.50    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| VALLEY NATIONAL BANCORP                   | Valley National Bancorp                                   | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     15268 | NS      | $391166.16    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| VODAFONE GROUP PLC                        | Vodafone Group PLC                                        | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2485000 | PA      | $2332883.71   | 0.48%             | 2081-06-04      | Variable      | 4.12%                 | No            | 2                  | On Loan: No      |
| VOYA FINANCIAL INC                        | Voya Financial Inc                                        | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |     30538 | NS      | $744821.82    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| VOYA FINANCIAL INC                        | Voya Financial Inc                                        | CUSIP: 929089AF7<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |    880000 | PA      | $840506.30    | 0.17%             | 2048-01-23      | Variable      | 4.70%                 | No            | 2                  | On Loan: No      |
| WEBSTER FINANCIAL CORP                    | Webster Financial Corp                                    | CUSIP: 947890703<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |     13621 | NS      | $334259.34    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                          | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   8770000 | PA      | $8704880.12   | 1.80%             |  |  |  | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                          | CUSIP: 94988U656<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     69972 | NS      | $1726908.96   | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                          | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   5050000 | PA      | $5303777.65   | 1.09%             |  |  |  | No            | 2                  | On Loan: No      |
| WESBANCO INC                              | WesBanco Inc                                              | CUSIP: 950810705<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15516 | NS      | $387124.20    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| WESTERN ALLIANCE BANCORP                  | Western Alliance Bancorp                                  | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     30538 | NS      | $646489.46    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| SIRIUSPOINT LTD                           | SiriusPoint Ltd                                           | CUSIP: EP0598912<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EP               | CORP              | BM        |     20358 | NS      | $518518.26    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| SEAPEAK LLC                               | Seapeak LLC                                               | CUSIP: EP0515908<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | MH        |     12552 | NS      | $321205.68    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| SEAPEAK LLC                               | Seapeak LLC                                               | CUSIP: EP0537951<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | MH        |     16785 | NS      | $429863.85    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1831637.05   | 0.38%             | 2047-09-15      | Variable      | 4.50%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2570139.64   | 0.53%             | 2048-09-15      | Variable      | 5.70%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1835128.88   | 0.38%             | 2050-10-01      | Variable      | 3.70%                 | No            | 2                  | On Loan: No      |
| READY CAPITAL CORP                        | Ready Capital Corp                                        | CUSIP: 75574U606<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |     13425 | NS      | $332940.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| READY CAPITAL CORP                        | Ready Capital Corp                                        | CUSIP: 75574U838<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |     13232 | NS      | $313730.72    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     10717 | NS      | $271675.95    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     28651 | NS      | $717421.04    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     40475 | NS      | $991232.75    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| REGIONS FINANCIAL CORP                    | Regions Financial Corp                                    | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     50896 | NS      | $1255604.32   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| REGIONS FINANCIAL CORP                    | Regions Financial Corp                                    | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     50896 | NS      | $1304464.48   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| REINSURANCE GRP OF AMER                   | Reinsurance Group of America Inc                          | CUSIP: 759351802<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     40714 | NS      | $1014592.88   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| REINSURANCE GRP OF AMER                   | Reinsurance Group of America Inc                          | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     71253 | NS      | $1824076.80   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     33083 | NS      | $842293.18    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     23921 | NS      | $587260.55    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     40974 | NS      | $1029676.62   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     15268 | NS      | $377119.60    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     58528 | NS      | $1455006.08   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                            | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    775000 | PA      | $763491.95    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                            | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    775000 | PA      | $746205.57    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                            | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    775000 | PA      | $749582.02    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY                   | Algonquin Power & Utilities Corp                          | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     35624 | NS      | $912330.64    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY                   | Algonquin Power & Utilities Corp                          | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1840000 | PA      | $1805348.94   | 0.37%             | 2082-01-18      | Variable      | 4.75%                 | No            | 2                  | On Loan: No      |
| ALLIANT ENERGY CORP                       | Alliant Energy Corp                                       | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1871322.35   | 0.39%             | 2056-04-01      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                        | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |   3380000 | PA      | $3309579.39   | 0.68%             |  |  |  | No            | 2                  | On Loan: —       |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                        | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |   2485000 | PA      | $2311343.48   | 0.48%             |  |  |  | No            | 2                  | On Loan: —       |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                            | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1787261.18   | 0.37%             | 2062-02-15      | Variable      | 3.88%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                            | CUSIP: 025537AZ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1086665.13   | 0.22%             | 2054-12-15      | Variable      | 7.05%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                            | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2734930.38   | 0.56%             | 2056-03-15      | Variable      | 5.80%                 | No            | 2                  | On Loan: No      |
| AMERICAN NATIONAL GROUP                   | American National Group Inc                               | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1251028.80   | 0.26%             | 2055-12-01      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                       | American Express Co                                       | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |   4010000 | PA      | $3935166.58   | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN INTL GROUP                       | American International Group Inc                          | CUSIP: 026874DM6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    820000 | PA      | $835908.00    | 0.17%             | 2048-04-01      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc                             | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     45044 | NS      | $1145018.48   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc                             | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     43260 | NS      | $1085393.40   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc                             | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     73289 | NS      | $1861540.60   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| AON CORP                                  | Aon Corp                                                  | CUSIP: 037389AK9<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1352691.78   | 0.28%             | 2027-01-01      | Fixed         | 8.21%                 | No            | 2                  | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                  | Aptiv Swiss Holdings Ltd                                  | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1295000 | PA      | $1322165.22   | 0.27%             | 2054-12-15      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| ARBOR REALTY TRUST INC                    | Arbor Realty Trust Inc                                    | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     28869 | NS      | $636850.14    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1735000 | PA      | $1709484.05   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1865000 | PA      | $1828045.03   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144X609<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     20242 | NS      | $422045.70    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38148BAC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1605000 | PA      | $1603485.04   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1245000 | PA      | $1250794.23   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| GRANITE POINT MTGE TRST                   | Granite Point Mortgage Trust Inc                          | CUSIP: 38741L305<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EP               | CORP              | US        |     20938 | NS      | $404731.54    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| HARTFORD INSUR GRP INC/T                  | Hartford Insurance Group Inc/The                          | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |     35115 | NS      | $885600.30    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |     33083 | NS      | $849571.44    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1295000 | PA      | $1309889.91   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1290000 | PA      | $1264605.96   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1930000 | PA      | $1911881.35   | 0.39%             |  |  |  | No            | 2                  | On Loan: —       |
| INVESCO MORTGAGE CAPITAL                  | Invesco Mortgage Capital Inc                              | CUSIP: 46131B506<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |     17875 | NS      | $439367.50    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   4925000 | PA      | $5111593.48   | 1.05%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    121966 | NS      | $3135745.86   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Government & Agency Po            | Invesco Government & Agency Portfolio                     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   6507644 | NS      | $6507644.47   | 1.34%             | 2031-12-31      | Fixed         | 0.06%                 | No            | 1                  | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                | CUSIP: 880591409<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | USGA              | US        |     21210 | NS      | $509888.40    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| AES CORP/THE                              | AES Corp/The                                              | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2408995.96   | 0.50%             | 2055-01-15      | Variable      | 7.60%                 | No            | 2                  | On Loan: No      |
| AES CORP/THE                              | AES Corp/The                                              | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1252898.00   | 0.26%             | 2055-07-15      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| ACRES COMMERCIAL REALTY                   | ACRES Commercial Realty Corp                              | CUSIP: 00489Q201<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     12213 | NS      | $306546.30    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1840000 | PA      | $1934260.59   | 0.40%             | 2055-03-10      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1295000 | PA      | $1337886.52   | 0.28%             | 2056-01-31      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| AEGON LTD                                 | Aegon Ltd                                                 | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2027704.00   | 0.42%             | 2048-04-11      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505625<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     14499 | NS      | $296069.58    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     15079 | NS      | $321635.07    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505EU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1315000 | PA      | $1318973.93   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2965000 | PA      | $2996850.03   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                                           | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1272227.17   | 0.26%             | 2050-06-01      | Variable      | 4.75%                 | No            | 2                  | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                                           | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $955284.82    | 0.20%             | 2050-12-01      | Variable      | 3.75%                 | No            | 2                  | On Loan: No      |
| CVS HEALTH CORP                           | CVS Health Corp                                           | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5585000 | PA      | $5868053.39   | 1.21%             | 2055-03-10      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   3400000 | PA      | $3503271.60   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     38682 | NS      | $981362.34    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610AP0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    775000 | PA      | $772093.36    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    775000 | PA      | $770036.20    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610BD6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    775000 | PA      | $763996.09    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| CITY OFFICE REIT                          | City Office REIT Inc                                      | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               | CORP              | US        |      9813 | NS      | $244834.35    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAD4<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |   1100000 | PA      | $1068372.91   | 0.22%             | 2027-01-01      | Variable      | 4.25%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAE2<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |   1035000 | PA      | $1037232.50   | 0.21%             | 2027-10-01      | Variable      | 6.45%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAF9<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    775000 | PA      | $792139.13    | 0.16%             | 2029-07-01      | Variable      | 7.25%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    775000 | PA      | $804062.50    | 0.17%             | 2030-01-01      | Variable      | 7.12%                 | No            | 2                  | On Loan: No      |
| COMERICA INC                              | Comerica Inc                                              | CUSIP: 200340701<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |     38682 | NS      | $992580.12    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPASS DIVERSIF HOLDING                  | Compass Diversified Holdings                              | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     19150 | NS      | $354275.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| CONNECTONE BANCORP INC                    | ConnectOne Bancorp Inc                                    | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |     11669 | NS      | $281222.90    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| COREBRIDGE FINANCIAL INC                  | Corebridge Financial Inc                                  | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2550077.05   | 0.53%             | 2052-12-15      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| CRESCENT CAPITAL BDC INC                  | Crescent Capital BDC Inc                                  | CUSIP: 225655208<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EP               | CORP              | US        |     11359 | NS      | $283520.64    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| DENTSPLY SIRONA INC                       | DENTSPLY SIRONA Inc                                       | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1415873.66   | 0.29%             | 2055-09-12      | Variable      | 8.38%                 | No            | 2                  | On Loan: No      |
| GLADSTONE INVESTMENT COR                  | Gladstone Investment Corp                                 | CUSIP: 376546867<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     12876 | NS      | $328080.48    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GLADSTONE INVESTMENT COR                  | Gladstone Investment Corp                                 | CUSIP: 376546883<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     13699 | NS      | $329323.96    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBAL NET LEASE INC                      | Global Net Lease Inc                                      | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     20077 | NS      | $484257.24    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   4775000 | PA      | $4968631.03   | 1.03%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1865000 | PA      | $1834366.07   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38143Y665<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     76062 | NS      | $1580568.36   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144G804<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    136917 | NS      | $2793106.80   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1485000 | PA      | $1489847.04   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAC5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    905000 | PA      | $909613.69    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| KEYCORP                                   | KeyCorp                                                   | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     50896 | NS      | $1265783.52   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| KEYCORP                                   | KeyCorp                                                   | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     61072 | NS      | $1530464.32   | 0.32%             |  |  |  | No            | 1                  | On Loan: —       |
| KEYCORP                                   | KeyCorp                                                   | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   1355000 | PA      | $1344212.98   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| NGL ENERGY PARTNERS LP                    | NGL Energy Partners LP                                    | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     32024 | NS      | $709331.60    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     47333 | NS      | $1164865.13   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     14613 | NS      | $324700.86    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     17131 | NS      | $430844.65    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     15586 | NS      | $337904.48    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2589547.71   | 0.53%             | 2054-09-01      | Variable      | 6.70%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3908245.31   | 0.81%             | 2055-08-15      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                              | NiSource Inc                                              | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1345891.83   | 0.28%             | 2054-11-30      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| NORTHERN TRUST CORP                       | Northern Trust Corp                                       | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |   1290000 | PA      | $1284518.66   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| OFFICE PPTY INCOME TRST                   | Office Properties Income Trust                            | CUSIP: 67623C208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     16687 | NS      | $31037.82     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| OLD NATL BANCORP                          | Old National Bancorp/IN                                   | CUSIP: 68003D204<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |     10993 | NS      | $279222.20    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| OLD NATL BANCORP                          | Old National Bancorp/IN                                   | CUSIP: 68003D303<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |     12469 | NS      | $314966.94    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PG&E CORP                                 | PG&E Corp                                                 | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3862111.38   | 0.80%             | 2055-03-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| PACIFICORP                                | PacifiCorp                                                | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   2105000 | PA      | $2211359.34   | 0.46%             | 2055-09-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| PARTNERRE FINANCE B LLC                   | PartnerRe Finance B LLC                                   | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1230730.45   | 0.25%             | 2050-10-01      | Variable      | 4.50%                 | No            | 2                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust                        | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     11613 | NS      | $278363.61    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust                        | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     19760 | NS      | $477599.20    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust                        | CUSIP: 70931T707<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     17561 | NS      | $444293.30    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust                        | CUSIP: 70931T806<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     10669 | NS      | $274620.06    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PHILLIPS 66 CO                            | Phillips 66 Co                                            | CUSIP: 718547AZ5<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2460234.40   | 0.51%             | 2056-03-15      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| PINNACLE FINANCIAL PARTN                  | Pinnacle Financial Partners Inc                           | CUSIP: 72346Q302<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EP               | CORP              | US        |     21631 | NS      | $545533.82    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| ROGERS COMMUNICATIONS IN                  | Rogers Communications Inc                                 | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   2750000 | PA      | $2875285.82   | 0.59%             | 2055-04-15      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832Q810<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     17561 | NS      | $388800.54    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUIST FIN CORP                           | Truist Financial Corp                                     | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   1290000 | PA      | $1274898.10   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                          | Paramount Global                                          | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1553300.00   | 0.32%             | 2057-02-28      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                          | Paramount Global                                          | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2502003.63   | 0.52%             | 2062-03-30      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| TRITON INTERNATIONAL LTD                  | Triton International Ltd                                  | CUSIP: EP0573691<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     14640 | NS      | $369367.20    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TRITON INTERNATIONAL LTD                  | Triton International Ltd                                  | CUSIP: EP0580365<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     16142 | NS      | $400321.60    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-12-29

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer