# EDGAR Filing Document

**Accession Number:** 0000912900
**File Stem:** 0000910472-26-008727
**Filing Date:** 2026-6
**Character Count:** 412410
**Document Hash:** 01d9184e4c6e46ddc5cc4fd7d2f454c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-008727.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000910472-26-008727

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRAXIS FUNDS
- **CENTRAL INDEX KEY:** 0000912900

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08056
- **FILM NUMBER:** 261048930

**BUSINESS ADDRESS:**
- **STREET 1:** 1110 N. MAIN ST.
- **CITY:** GOSHEN
- **STATE:** IN
- **ZIP:** 46527
- **BUSINESS PHONE:** 8009772947

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 483
- **CITY:** GOSHEN
- **STATE:** IN
- **ZIP:** 46527

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRAXIS MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20110510

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MMA PRAXIS MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19931229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRAXIS MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19931001

## Series and Classes Contracts Data

### Praxis Impact Bond Fund (Series ID: S000003160)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000008547 | Praxis Impact Bond Fund Class A | MIIAX           |
| C000035282 | Praxis Impact Bond Fund Class I | MIIIX           |

## Nport-Ex

**Schedule of Portfolio Investments**

***Praxis Impact Bond Fund***

***March 31, 2026 (Unaudited)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSET BACKED SECURITIES - 6.6%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| Aligned Data Centers Issuer, LLC <sup>(a)</sup> | 6.000% | 08/17/48 | $1510000 | $1517058 |
| Ameren Missouri Securitization Funding I, LLC | 4.850% | 10/01/39 | 2986811 | 2980482 |
| American Tower Trust I <sup>(a)</sup> | 3.652% | 03/23/28 | 2000000 | 1978312 |
| Bank of America Credit Card Trust | 4.980% | 11/15/28 | 4116000 | 4142194 |
| Beacon Container Finance II, LLC <sup>(a)</sup> | 2.250% | 10/22/46 | 3509125 | 3264445 |
| CLI Funding, LLC <sup>(a)</sup> | 2.720% | 01/18/47 | 885189 | 812800 |
| CyrusOne Data Centers Issuer I, LLC <sup>(a)</sup> | 4.500% | 05/20/49 | 2525000 | 2454458 |
| DB Master Finance, LLC <sup>(a)</sup> | 2.493% | 11/20/51 | 1938938 | 1824750 |
| Duke Energy Florida Project Finance, LLC | 3.112% | 09/01/36 | 1500000 | 1286095 |
| Duke Energy Progress NC Storm Funding, LLC | 2.799% | 07/01/41 | 2000000 | 1540500 |
| Duke Energy Progress NC Storm Funding, LLC <sup>(a)</sup> | 5.070% | 01/01/46 | 3000000 | 2925686 |
| Duke Energy Progress SC Storm Funding, LLC | 5.404% | 03/01/44 | 621719 | 623936 |
| Ford Credit Auto Owner Trust | 4.050% | 10/15/30 | 1000000 | 996797 |
| Golden Credit Card Trust <sup>(a)</sup> | 1.140% | 08/15/28 | 1000000 | 989054 |
| GoodLeap Sustainable Home Solutions Trust <sup>(a)</sup> | 6.250% | 06/20/57 | 1458654 | 1416134 |
| Iowa Student Loan Liquidity Corp. Rev. | 1.730% | 08/25/70 | 706050 | 626764 |
| Mosaic Solar Loans, LLC <sup>(a)</sup> | 2.100% | 04/20/46 | 549569 | 484558 |
| Mosaic Solar Loans, LLC <sup>(a)</sup> | 1.640% | 04/22/47 | 605268 | 497552 |
| PG&E Energy Recovery Funding, LLC | 5.256% | 01/15/38 | 1000000 | 1028401 |
| PG&E Energy Recovery Funding, LLC | 2.822% | 07/15/46 | 1633000 | 1203616 |
| PG&E Energy Recovery Funding, LLC | 5.536% | 07/15/47 | 1500000 | 1482876 |
| PG&E Wildfire Recovery Funding, LLC | 5.081% | 06/01/41 | 1000000 | 974589 |
| PG&E Wildfire Recovery Funding, LLC | 4.674% | 12/01/51 | 2400000 | 2116119 |
| PNM Energy Transition Bond Co. I, LLC | 6.028% | 08/15/48 | 500000 | 521429 |
| SBA Tower Trust <sup>(a)</sup> | 4.831% | 10/15/29 | 1750000 | 1755073 |
| SBA Tower Trust <sup>(a)</sup> | 6.599% | 11/15/52 | 880000 | 894879 |
| Sunrun Artemis Issuer, LLC <sup>(a)</sup> | 6.250% | 07/30/59 | 2428809 | 2412214 |
| Swepco Storm Recovery Funding, LLC, Series 2024-A | 4.880% | 09/01/39 | 3770134 | 3765111 |
| Switch ABS Issuer, LLC <sup>(a)</sup> | 6.280% | 03/25/54 | 600000 | 605634 |
| Switch ABS Issuer, LLC <sup>(a)</sup> | 5.036% | 03/25/55 | 1500000 | 1445167 |
| TAL Advantage VII, LLC <sup>(a)</sup> | 2.050% | 09/20/45 | 1499453 | 1437282 |
| Texas Electric Market Stabilization Funding N, LLC <sup>(a)</sup> | 4.966% | 02/01/44 | 4195000 | 4010172 |
| Texas Electric Market Stabilization Funding N, LLC <sup>(a)</sup> | 5.057% | 08/01/46 | 4730000 | 4456334 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSET BACKED SECURITIES - 6.6% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| Textainer Marine Containers VII Ltd. <sup>(a)</sup> | 1.680% | 02/20/46 | $890000 | $836075 |
| TIF Funding II, LLC <sup>(a)</sup> | 1.650% | 02/20/46 | 290417 | 264936 |
| Toyota Auto Receivables Owner Trust | 5.300% | 05/15/26 | 186131 | 186748 |
| Tribute Rail, LLC <sup>(a)</sup> | 4.760% | 05/17/52 | 1589850 | 1588921 |
| Trinity Rail Leasing, L.P., Series 2021-1 <sup>(a)</sup> | 2.260% | 07/19/51 | 1774434 | 1676920 |
| Trinity Rail Leasing, L.P. <sup>(a)</sup> | 5.780% | 05/19/54 | 2800729 | 2801309 |
| Triton Container Finance VIII, LLC <sup>(a)</sup> | 1.860% | 03/20/46 | 3570750 | 3299396 |
| Triton International Finance Funding III, LLC <sup>(a)</sup> | 5.480% | 05/22/34 | 1275000 | 1275347 |
| Triumph Rail, LLC <sup>(a)</sup> | 2.150% | 06/19/51 | 1570465 | 1520280 |
| USQ Rail III, LLC <sup>(a)</sup> | 4.990% | 09/28/54 | 702581 | 687684 |
| Vantage Data Centers Issuer, LLC <sup>(a)</sup> | 2.165% | 10/15/46 | 2300000 | 2263276 |
| Wendy's Funding, LLC <sup>(a)</sup> | 3.884% | 03/15/48 | 1284073 | 1259722 |
| Wendy's Funding, LLC <sup>(a)</sup> | 4.236% | 03/15/52 | 1203125 | 1178632 |
| **TOTAL ASSET BACKED SECURITIES** (COST $78,557,312) | **TOTAL ASSET BACKED SECURITIES** (COST $78,557,312) | **TOTAL ASSET BACKED SECURITIES** (COST $78,557,312) |  | $77309717 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **MUNICIPAL BONDS - 0.9%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| American Municipal Power Ohio, Inc., Rev. Taxable-Hydroelectric Projects, Series 2010-A | 7.334% | 02/15/28 | $520000 | $539534 |
| American National Global Funding <sup>(a)</sup> | 4.875% | 01/23/31 | 1000000 | 980182 |
| Findlay City School District, Series 2010-B | 6.250% | 12/01/37 | 270000 | 271595 |
| Houston, Texas, Independent School District, Series 2009A-2 | 6.168% | 02/15/34 | 1000000 | 1000907 |
| Massachusetts St., Series 2016-F | 3.277% | 06/01/46 | 3100000 | 2487863 |
| University of Texas, Permanent University Fund, Series 2017-A | 3.376% | 07/01/47 | 3000000 | 2259016 |
| University of Texas, Rev., Series 2020 B | 2.439% | 08/15/49 | 1875000 | 1138198 |
| University of Virginia, Rev., Series 2009 | 6.200% | 09/01/39 | 2000000 | 2172497 |
| **TOTAL MUNICIPAL BONDS** (COST $11,733,298) |  |  |  | $10849792 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| AUTOMOTIVE - 0.4% |  |  |  |  |
| BorgWarner, Inc. | 2.650% | 07/01/27 | $601000 | $587322 |
| Honda Motor Co. Ltd. | 2.967% | 03/10/32 | 760000 | 678494 |
| Magna International, Inc. | 2.450% | 06/15/30 | 1250000 | 1146683 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| AUTOMOTIVE - 0.4% (Continued) |  |  |  |  |
| Toyota Motor Corp. | 4.450% | 06/30/30 | $2500000 | $2502086 |
|  |  |  |  | 4914585 |
| BANKING - 2.4% |  |  |  |  |
| American Express Co. | 5.016% | 04/25/31 | 500000 | 508325 |
| Bank of America Corp., Series N (TSFR3M + 157.16) <sup>(b)</sup> | 4.271% | 07/23/29 | 1000000 | 995924 |
| Bank of America Corp., Series N | 2.572% | 10/20/32 | 1500000 | 1334578 |
| Bank of America Corp., Series N | 2.972% | 02/04/33 | 1000000 | 905213 |
| Bank of America Corp., Series N | 5.464% | 05/09/36 | 500000 | 509972 |
| Bank of Montreal | 5.203% | 02/01/28 | 1750000 | 1776247 |
| Bank of New York Mellon Corp. (The), Series J | 4.967% | 04/26/34 | 2000000 | 2005114 |
| Citigroup, Inc. (SOFR + 210.70) <sup>(b)</sup> | 2.572% | 06/03/31 | 2000000 | 1833360 |
| JPMorgan Chase & Co. | 3.200% | 06/15/26 | 2557000 | 2553080 |
| JPMorgan Chase & Co. (SOFR + 151.00) <sup>(b)</sup> | 2.739% | 10/15/30 | 2000000 | 1883623 |
| JPMorgan Chase & Co. | 2.963% | 01/25/33 | 1000000 | 907223 |
| JPMorgan Chase & Co. | 5.572% | 04/22/36 | 500000 | 515242 |
| M&T Bank Corp. | 4.553% | 08/16/28 | 1500000 | 1498944 |
| Mitsubishi UFJ Financial Group, Inc. | 5.159% | 04/24/31 | 2500000 | 2535577 |
| PNC Financial Services Group, Inc. (The) | 5.582% | 06/12/29 | 1000000 | 1024726 |
| State Street Corp. | 7.350% | 06/15/26 | 1000000 | 1005045 |
| State Street Corp. | 4.164% | 08/04/33 | 1000000 | 964712 |
| Toronto-Dominion Bank, Series C | 5.264% | 12/11/26 | 2000000 | 2013448 |
| UBS AG London | 5.650% | 09/11/28 | 550000 | 567578 |
| US Bancorp, Series CC | 5.083% | 05/15/31 | 3000000 | 3043071 |
|  |  |  |  | 28381002 |
| BEVERAGES - 0.1% |  |  |  |  |
| Coca-Cola Co. (The) | 3.450% | 03/25/30 | 500000 | 486881 |
| Coca-Cola Femsa S.A.B. de C.V. | 1.850% | 09/01/32 | 1000000 | 834262 |
|  |  |  |  | 1321143 |
| BIOTECH & PHARMA - 0.3% |  |  |  |  |
| AbbVie, Inc. | 2.950% | 11/21/26 | 500000 | 496392 |
| Amgen, Inc. | 3.000% | 02/22/29 | 2500000 | 2412241 |
|  |  |  |  | 2908633 |
| CABLE & SATELLITE - 0.2% |  |  |  |  |
| Comcast Corp. | 3.300% | 04/01/27 | 500000 | 495119 |
| Comcast Corp. <sup>(c)</sup> | 4.650% | 02/15/33 | 1000000 | 990070 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| CABLE & SATELLITE - 0.2% (Continued) |  |  |  |  |
| Comcast Corp. | 2.937% | 11/01/56 | $672000 | $372265 |
| Time Warner Cable, Inc. | 4.500% | 09/15/42 | 500000 | 375474 |
|  |  |  |  | 2232928 |
| CHEMICALS - 0.4% |  |  |  |  |
| Air Products and Chemicals, Inc. | 4.850% | 02/08/34 | 1000000 | 1001196 |
| Avery Dennison Corp. | 2.650% | 04/30/30 | 1250000 | 1155462 |
| Ecolab, Inc. | 4.800% | 03/24/30 | 140000 | 142213 |
| Ecolab, Inc. | 2.750% | 08/18/55 | 1470000 | 863406 |
| Nutrien Ltd. | 5.875% | 12/01/36 | 840000 | 864718 |
|  |  |  |  | 4026995 |
| CONSTRUCTION MATERIALS - 0.0% <sup>(d)</sup> |  |  |  |  |
| Owens Corning | 3.950% | 08/15/29 | 300000 | 294887 |
| CONSUMER SERVICES - 3.8% |  |  |  |  |
| Andrew W. Mellon Funding | 0.947% | 08/01/27 | 1050000 | 1008921 |
| California Endowment (The) | 2.498% | 04/01/51 | 4500000 | 2646701 |
| Conservation Fund, Series 2019 | 3.474% | 12/15/29 | 535000 | 510224 |
| Ford Foundation (The), Series 2017 <sup>(c)</sup> | 3.859% | 06/01/47 | 4620000 | 3720373 |
| Ford Foundation (The), Series 2020 | 2.415% | 06/01/50 | 235000 | 139096 |
| John D. & Catherine T. MacArthur Foundation, Series 2020 | 1.299% | 12/01/30 | 1500000 | 1292776 |
| Leland Stanford Junior University (The) | 3.460% | 05/01/47 | 2415000 | 1833552 |
| Local Initiatives Support Corp. | 4.649% | 03/01/37 | 1500000 | 1392358 |
| Massachusetts Institute of Technology, Series D-2 | 3.959% | 07/01/38 | 1700000 | 1554964 |
| President & Fellows of Harvard College, Series 2024-A <sup>(c)</sup> | 4.609% | 02/15/35 | 2000000 | 1976621 |
| President & Fellows of Harvard College, Series 2016-B | 3.150% | 07/15/46 | 3961000 | 2823539 |
| President & Fellows of Harvard College, Series 2020-B | 2.517% | 10/15/50 | 1600000 | 963016 |
| President & Fellows of Harvard College, Series 2022-A | 3.745% | 11/15/52 | 3200000 | 2422893 |
| Rockefeller Foundation (The) | 2.492% | 10/01/50 | 4290000 | 2560829 |
| Stanford University California, Series 2017 | 3.647% | 05/01/48 | 750000 | 579195 |
| Stanford University California, Series 2020-A | 2.413% | 06/01/50 | 4400000 | 2613596 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| CONSUMER SERVICES - 3.8% (Continued) |  |  |  |  |
| Trustees of Princeton University (The) | 2.516% | 07/01/50 | $6650000 | $4091692 |
| University of Notre Dame, Series 2017 | 3.394% | 02/15/48 | 3749000 | 2750323 |
| W.K. Kellogg Foundation Trust, Series 2020 <sup>(a)(c)</sup> | 2.443% | 10/01/50 | 7223000 | 4269912 |
| Yale University | 2.402% | 04/15/50 | 8765000 | 5152052 |
|  |  |  |  | 44302633 |
| CONTAINERS & PACKAGING - 0.2% |  |  |  |  |
| CCL Industries, Inc. <sup>(a)</sup> | 3.050% | 06/01/30 | 1750000 | 1633011 |
| Sonoco Products Co. | 5.750% | 11/01/40 | 1000000 | 996369 |
|  |  |  |  | 2629380 |
| DIVERSIFIED INDUSTRIALS - 0.1% |  |  |  |  |
| Illinois Tool Works, Inc. | 3.900% | 09/01/42 | 1000000 | 834735 |
| ELECTRIC UTILITIES - 3.7% |  |  |  |  |
| Ameren Illinois Co. | 5.900% | 12/01/52 | 2250000 | 2267196 |
| Avista Corp. | 4.000% | 04/01/52 | 1000000 | 749520 |
| Caledonia Generating, LLC <sup>(a)</sup> | 1.950% | 02/28/34 | 1305851 | 1129879 |
| CenterPoint Energy, Inc., Series AL | 5.300% | 04/01/53 | 1000000 | 937472 |
| Consolidated Edison Co. | 3.350% | 04/01/30 | 1000000 | 959241 |
| DTE Electric Co. | 4.050% | 05/15/48 | 1750000 | 1374238 |
| DTE Electric Co. | 3.650% | 03/01/52 | 750000 | 543847 |
| DTE Energy Co., Series C | 4.875% | 06/01/28 | 1500000 | 1513463 |
| Duke Energy Carolinas, LLC | 3.550% | 03/15/52 | 2200000 | 1546461 |
| Duke Energy Progress, LLC | 3.450% | 03/15/29 | 1750000 | 1711839 |
| Duke Energy Progress, LLC | 4.000% | 04/01/52 | 1500000 | 1130843 |
| Florida Power & Light Co. | 3.700% | 12/01/47 | 1550000 | 1156297 |
| Florida Power & Light Co. | 2.875% | 12/04/51 | 2000000 | 1243723 |
| Georgia Power Co., Series 2016-A <sup>(c)</sup> | 3.250% | 04/01/26 | 1000000 | 1000000 |
| Interstate Power & Light Co. | 3.600% | 04/01/29 | 1250000 | 1221688 |
| Liberty Utilities Financial Services <sup>(a)</sup> | 2.050% | 09/15/30 | 1355000 | 1215923 |
| MidAmerican Energy Co. | 3.950% | 08/01/47 | 1750000 | 1349616 |
| Narragansett Electric Co. <sup>(a)</sup> | 3.395% | 04/09/30 | 1500000 | 1433908 |
| National Rural Utilities | 1.350% | 03/15/31 | 2000000 | 1710968 |
| Niagara Mohawk Power Corp. <sup>(a)</sup> | 1.960% | 06/27/30 | 1500000 | 1349190 |
| Northern States Power Co. | 2.900% | 03/01/50 | 1500000 | 970198 |
| NSTAR Electric Co. | 3.950% | 04/01/30 | 600000 | 589040 |
| NSTAR Electric Co. | 5.500% | 03/15/40 | 1250000 | 1230476 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| ELECTRIC UTILITIES - 3.7% (Continued) |  |  |  |  |
| NY State Electric & Gas <sup>(a)</sup> | 5.650% | 08/15/28 | $1650000 | $1693162 |
| Potomac Electric Power Co. | 6.500% | 11/15/37 | 1000000 | 1104136 |
| Public Service Co. | 3.700% | 06/15/28 | 2250000 | 2220187 |
| Public Service Electric and Gas Co. | 4.650% | 03/15/33 | 2500000 | 2470349 |
| Puget Energy, Inc. | 4.223% | 06/15/48 | 1000000 | 799497 |
| Rochester Gas & Electric Corp. <sup>(a)</sup> | 1.850% | 12/01/30 | 500000 | 439039 |
| San Diego Gas and Electric Co. | 4.500% | 08/15/40 | 841000 | 756726 |
| Solar Star Funding, LLC <sup>(a)</sup> | 3.950% | 06/30/35 | 1052556 | 999023 |
| Solar Star Funding, LLC <sup>(a)</sup> | 5.375% | 06/30/35 | 324183 | 324137 |
| Southern California Edison | 4.050% | 03/15/42 | 1165000 | 909568 |
| Topaz Solar Farms, LLC <sup>(a)</sup> | 4.875% | 09/30/39 | 183183 | 166308 |
| Topaz Solar Farms, LLC <sup>(a)</sup> | 5.750% | 09/30/39 | 443736 | 439592 |
| Union Electric Co. | 2.625% | 03/15/51 | 2000000 | 1176811 |
| Westar Energy, Inc. | 2.550% | 07/01/26 | 1292000 | 1286643 |
|  |  |  |  | 43120204 |
| ELECTRICAL EQUIPMENT - 0.2% |  |  |  |  |
| Johnson Controls International plc | 1.750% | 09/15/30 | 1800000 | 1597649 |
| Roper Technologies, Inc. | 2.000% | 06/30/30 | 440000 | 392678 |
|  |  |  |  | 1990327 |
| FOOD - 0.6% |  |  |  |  |
| Cargill, Inc. <sup>(a)</sup> | 4.760% | 11/23/45 | 1500000 | 1327623 |
| Hormel Foods Corp. | 1.800% | 06/11/30 | 2250000 | 2022047 |
| Ingredion, Inc. | 2.900% | 06/01/30 | 1000000 | 936862 |
| Mars, Inc. <sup>(a)</sup> | 4.650% | 04/20/31 | 1000000 | 1006981 |
| Mars, Inc. <sup>(a)</sup> | 3.600% | 04/01/34 | 1500000 | 1368754 |
|  |  |  |  | 6662267 |
| GAS & WATER UTILITIES - 0.5% |  |  |  |  |
| American Water Capital Corp. | 2.800% | 05/01/30 | 1500000 | 1408111 |
| Brooklyn Union Gas Co. <sup>(a)</sup> | 4.504% | 03/10/46 | 1250000 | 1017926 |
| Indiana Gas Co., Inc. | 6.550% | 06/30/28 | 250000 | 259051 |
| Southern California Gas Co., Series DDD <sup>(c)</sup> | 5.450% | 06/15/35 | 2500000 | 2558181 |
| Spire Missouri, Inc. | 5.150% | 08/15/34 | 1000000 | 1008583 |
|  |  |  |  | 6251852 |
| HEALTH CARE FACILITIES & SERVICES - 0.1% |  |  |  |  |
| Kaiser Foundation Hospital | 3.150% | 05/01/27 | 1500000 | 1484391 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| HOME & OFFICE PRODUCTS - 0.1% |  |  |  |  |
| HNI Corp. <sup>(a)</sup> | 5.125% | 01/18/29 | $1000000 | $956634 |
| HOME CONSTRUCTION - 0.1% |  |  |  |  |
| NVR, Inc. | 3.000% | 05/15/30 | 1000000 | 941587 |
| INSTITUTIONAL FINANCIAL SERVICES - 0.8% |  |  |  |  |
| Brookfield Finance, Inc. | 4.250% | 06/02/26 | 1570000 | 1568605 |
| Goldman Sachs Group, Inc. (TSFR3M + 156.26) <sup>(b)</sup> | 4.223% | 05/01/29 | 1000000 | 994357 |
| Goldman Sachs Group, Inc. | 3.800% | 03/15/30 | 1500000 | 1457687 |
| Morgan Stanley, Series F | 3.125% | 07/27/26 | 2000000 | 1993092 |
| Morgan Stanley, Series I | 5.449% | 07/20/29 | 1000000 | 1017829 |
| Morgan Stanley, Series I (SOFR + 114.30) <sup>(b)</sup> | 2.699% | 01/22/31 | 1250000 | 1160654 |
| Morgan Stanley, Series I | 5.192% | 04/17/31 | 1000000 | 1014893 |
|  |  |  |  | 9207117 |
| INSURANCE - 3.0% |  |  |  |  |
| Aflac, Inc. | 4.000% | 10/15/46 | 1408000 | 1103964 |
| AIG Global Funding, Series 2024-1 <sup>(a)</sup> | 5.200% | 01/12/29 | 500000 | 507643 |
| Allstate Corp. (The) | 5.250% | 03/30/33 | 1000000 | 1021492 |
| American National Group, Inc. | 5.750% | 10/01/29 | 1850000 | 1869083 |
| Athene Global Funding <sup>(a)</sup> | 5.583% | 01/09/29 | 2000000 | 2018389 |
| F&G Global Funding <sup>(a)</sup> | 2.300% | 04/11/27 | 535000 | 521651 |
| Fidelity National Financial, Inc. | 3.400% | 06/15/30 | 1000000 | 940270 |
| First American Financial Corp. | 2.400% | 08/15/31 | 1500000 | 1290747 |
| GA Global Funding Trust <sup>(a)</sup> | 2.250% | 01/06/27 | 2000000 | 1966434 |
| Horace Mann Educators Corp. | 7.250% | 09/15/28 | 965000 | 1019132 |
| Massachusetts Mutual Life Insurance Co. <sup>(a)</sup> | 3.375% | 04/15/50 | 2500000 | 1684980 |
| Met Life Global Funding I <sup>(a)</sup> | 5.150% | 03/28/33 | 1250000 | 1262360 |
| Mutual of Omaha Global, Series 2023-1 <sup>(a)</sup> | 5.800% | 07/27/26 | 385000 | 386802 |
| Mutual of Omaha Global <sup>(a)</sup> | 5.450% | 12/12/28 | 365000 | 372679 |
| New York Life Global Funding <sup>(a)</sup> | 4.900% | 06/13/28 | 3000000 | 3037155 |
| Northwestern Mutual, Series 2023-3 <sup>(a)</sup> | 4.900% | 06/12/28 | 1740000 | 1759402 |
| Pacific Life Global Funding II, Series 2021-1 <sup>(a)</sup> | 1.450% | 01/20/28 | 1000000 | 950284 |
| Peachtree Corners Funding Trust II <sup>(a)</sup> | 6.012% | 05/15/35 | 400000 | 409219 |
| Pricoa Global Funding I <sup>(a)</sup> | 5.100% | 05/30/28 | 2000000 | 2032176 |
| Primerica, Inc. | 2.800% | 11/19/31 | 1000000 | 894254 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| INSURANCE - 3.0% (Continued) |  |  |  |  |
| Principal Financial Group, Inc. | 3.700% | 05/15/29 | $1250000 | $1219682 |
| Protective Life Global Funding <sup>(a)</sup> | 5.209% | 04/14/26 | 1000000 | 1000388 |
| Prudential Funding Asia plc | 3.125% | 04/14/30 | 750000 | 713569 |
| RGA Global Funding <sup>(a)</sup> | 5.500% | 01/11/31 | 2000000 | 2055559 |
| Sammons Financial Group, Inc. <sup>(a)</sup> | 4.450% | 05/12/27 | 1200000 | 1193185 |
| Sammons Financial Group, Inc. <sup>(a)</sup> | 6.875% | 04/15/34 | 1000000 | 1058766 |
| Trustage Financial Group, Inc. <sup>(a)</sup> | 4.625% | 04/15/32 | 400000 | 382353 |
| Western-Southern Global Funding <sup>(a)</sup> | 4.900% | 05/01/30 | 3000000 | 3017591 |
|  |  |  |  | 35689209 |
| LEISURE FACILITIES & SERVICES - 0.2% |  |  |  |  |
| McDonald's Corp., Series MTN | 3.500% | 07/01/27 | 1000000 | 991081 |
| Starbucks Corp. | 2.450% | 06/15/26 | 1000000 | 996215 |
|  |  |  |  | 1987296 |
| MACHINERY - 0.3% |  |  |  |  |
| Ingersoll-Rand Global Holding Co. Ltd. | 6.391% | 11/15/27 | 655000 | 673579 |
| John Deere Capital Corp. | 1.750% | 03/09/27 | 250000 | 244578 |
| John Deere Capital Corp. | 3.050% | 01/06/28 | 1250000 | 1228654 |
| Xylem, Inc. | 1.950% | 01/30/28 | 1775000 | 1703825 |
|  |  |  |  | 3850636 |
| MEDICAL EQUIPMENT & DEVICES - 0.1% |  |  |  |  |
| Alcon Finance Corp. <sup>(a)</sup> | 2.600% | 05/27/30 | 1250000 | 1156158 |
| PERSONAL PRODUCTS - 0.1% |  |  |  |  |
| Estée Lauder Cos., Inc. (The) | 2.600% | 04/15/30 | 1000000 | 927664 |
| PIPELINES - 0.1% |  |  |  |  |
| Northern Natural Gas Co. <sup>(a)</sup> | 4.100% | 09/15/42 | 1200000 | 957983 |
| REITS - 2.8% |  |  |  |  |
| Agree Ltd. Partnership | 2.900% | 10/01/30 | 650000 | 600383 |
| Agree Ltd. Partnership | 4.800% | 10/01/32 | 715000 | 709869 |
| Alexandria Real Estate Equities, Inc. | 2.950% | 03/15/34 | 1000000 | 845304 |
| Alexandria Real Estate Equities, Inc. | 4.750% | 04/15/35 | 1250000 | 1182087 |
| American Homes 4 Rent, L.P. <sup>(c)</sup> | 5.500% | 02/01/34 | 2000000 | 2017500 |
| Boston Properties, L.P. | 4.500% | 12/01/28 | 1250000 | 1241737 |
| Camden Property Trust | 2.800% | 05/15/30 | 1500000 | 1400694 |

---

**Schedule of Portfolio Investments**

**(Continued) *Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| REITS - 2.8% (Continued) |  |  |  |  |
| Cousins Properties, L.P. | 5.375% | 02/15/32 | $1650000 | $1660265 |
| Digital Realty Trust, L.P. | 5.550% | 01/15/28 | 2250000 | 2289873 |
| ERP Operating, L.P. | 4.150% | 12/01/28 | 1250000 | 1243775 |
| ESSEX Portfolio, L.P. | 2.650% | 03/15/32 | 1500000 | 1318725 |
| ESSEX Portfolio, L.P. | 5.500% | 04/01/34 | 250000 | 253137 |
| Federal Realty Investment Trust | 5.375% | 05/01/28 | 1500000 | 1522847 |
| Kilroy Realty Corp. | 2.500% | 11/15/32 | 1750000 | 1424821 |
| Kimco Realty Corp. | 2.700% | 10/01/30 | 1750000 | 1626880 |
| Lexington Realty Trust | 2.700% | 09/15/30 | 1500000 | 1367626 |
| Mid-America Apartment Communities, Inc. | 3.950% | 03/15/29 | 1750000 | 1731120 |
| Ontario Teachers Cadillac Fairview Properties Trust <sup>(a)</sup> | 2.500% | 10/15/31 | 1255000 | 1109765 |
| Prologis, L.P. | 2.875% | 10/06/29 | 1500000 | 1422328 |
| Prologis, L.P. | 4.625% | 01/15/33 | 1500000 | 1484071 |
| Realty Income Corp. | 4.700% | 12/15/28 | 1000000 | 1005621 |
| Regency Centers, L.P. | 5.000% | 07/15/32 | 348000 | 350589 |
| Rexford Industrial Realty, L.P. | 5.000% | 06/15/28 | 500000 | 504678 |
| Rexford Industrial Realty, L.P. | 2.150% | 09/01/31 | 1750000 | 1517617 |
| Sun Communities Operating, L.P. | 2.700% | 07/15/31 | 500000 | 447242 |
| UDR, Inc. | 1.900% | 03/15/33 | 1500000 | 1227384 |
| WP Carey, Inc. | 2.450% | 02/01/32 | 1500000 | 1306171 |
|  |  |  |  | 32812109 |
| RETAIL - CONSUMER STAPLES - 0.1% |  |  |  |  |
| Kroger Co. (The) | 5.000% | 04/15/42 | 1000000 | 928494 |
| Walmart, Inc. | 1.800% | 09/22/31 | 500000 | 442948 |
|  |  |  |  | 1371442 |
| RETAIL - DISCRETIONARY - 0.2% |  |  |  |  |
| Home Depot, Inc. (The) | 3.625% | 04/15/52 | 1000000 | 713775 |
| Lowe's Cos., Inc. | 4.650% | 04/15/42 | 1000000 | 885797 |
| Lowe's Cos., Inc. | 3.000% | 10/15/50 | 500000 | 308931 |
| Lowe's Cos., Inc. | 5.625% | 04/15/53 | 1000000 | 945373 |
|  |  |  |  | 2853876 |
| SEMICONDUCTORS - 0.1% |  |  |  |  |
| Intel Corp. | 4.150% | 08/05/32 | 1000000 | 953372 |
| Intel Corp. | 3.734% | 12/08/47 | 1000000 | 698772 |
|  |  |  |  | 1652144 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| SOFTWARE - 0.3% |  |  |  |  |
| Microsoft Corp. | 2.525% | 06/01/50 | $4500000 | $2698222 |
| Microsoft Corp. | 2.921% | 03/17/52 | 1000000 | 643128 |
|  |  |  |  | 3341350 |
| SPECIALTY FINANCE - 0.9% |  |  |  |  |
| BlueHub Loan Fund, Inc. | 3.099% | 01/01/30 | 1030000 | 953285 |
| Community Preservation Corp. (The) | 2.867% | 02/01/30 | 2500000 | 2314232 |
| GABX Leasing, LLC <sup>(a)</sup> | 4.625% | 04/15/31 | 2000000 | 1971628 |
| Low Income Investment Fund | 3.386% | 07/01/26 | 115000 | 114666 |
| Low Income Investment Fund, Series 2019 | 3.711% | 07/01/29 | 1985000 | 1919244 |
| USAA Capital Corp. <sup>(a)</sup> | 2.125% | 05/01/30 | 3000000 | 2737019 |
|  |  |  |  | 10010074 |
| TECHNOLOGY HARDWARE - 0.4% |  |  |  |  |
| Apple, Inc. | 3.000% | 06/20/27 | 1000000 | 989210 |
| Apple, Inc. | 2.650% | 05/11/50 | 1000000 | 611873 |
| Apple, Inc. | 2.650% | 02/08/51 | 2000000 | 1210398 |
| HP, Inc. | 4.750% | 01/15/28 | 1100000 | 1104807 |
| HP, Inc. | 4.000% | 04/15/29 | 915000 | 899037 |
|  |  |  |  | 4815325 |
| TECHNOLOGY SERVICES - 0.1% |  |  |  |  |
| Experian Finance plc <sup>(a)</sup> | 2.750% | 03/08/30 | 635000 | 593541 |
| Moody's Corp. | 3.250% | 05/20/50 | 500000 | 329524 |
| Moody's Corp. | 3.750% | 02/25/52 | 1000000 | 721552 |
|  |  |  |  | 1644617 |
| TELECOMMUNICATIONS - 0.6% |  |  |  |  |
| AT&T, Inc. | 5.250% | 03/01/37 | 500000 | 496918 |
| AT&T, Inc. | 4.750% | 05/15/46 | 2000000 | 1680463 |
| Verizon Communications, Inc. | 3.875% | 02/08/29 | 1000000 | 990436 |
| Verizon Communications, Inc. | 1.500% | 09/18/30 | 1000000 | 877355 |
| Verizon Communications, Inc. | 5.875% | 11/30/55 | 2000000 | 1945346 |
| Verizon Communications, Inc. | 2.987% | 10/30/56 | 1799000 | 1055700 |
|  |  |  |  | 7046218 |
| TRANSPORTATION & LOGISTICS - 0.9% |  |  |  |  |
| Burlington Northern Santa Fe, LLC | 5.750% | 05/01/40 | 2078000 | 2157749 |
| Canadian Pacific Railway Co. | 2.050% | 03/05/30 | 1750000 | 1600597 |
| Norfolk Southern Corp. | 4.837% | 10/01/41 | 1000000 | 920058 |
| Norfolk Southern Corp. | 3.050% | 05/15/50 | 1500000 | 962466 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 24.4% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| TRANSPORTATION & LOGISTICS - 0.9% (Continued) |  |  |  |  |
| Penske Truck Leasing Co. <sup>(a)</sup> | 5.750% | 05/24/26 | $500000 | $500369 |
| TTX Co. <sup>(a)</sup> | 4.600% | 02/01/49 | 280000 | 241256 |
| TTX Co. <sup>(a)</sup> | 5.650% | 12/01/52 | 500000 | 499362 |
| Union Pacific Corp. | 4.950% | 09/09/52 | 2000000 | 1794018 |
| United Parcel Service, Inc. | 5.950% | 05/14/55 | 2000000 | 2019983 |
|  |  |  |  | 10695858 |
| TRANSPORTATION EQUIPMENT - 0.1% |  |  |  |  |
| Ryder System, Inc. | 5.650% | 03/01/28 | 1250000 | 1276611 |
| WHOLESALE - CONSUMER STAPLES - 0.1% |  |  |  |  |
| Sysco Corp. | 2.400% | 02/15/30 | 1750000 | 1603108 |
| **TOTAL CORPORATE BONDS** (COST $316,496,767) |  |  |  | $286152978 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE NOTES - 0.8%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| COMMUNITY DEVELOPMENT - 0.8% |  |  |  |  |
| Calvert Impact Capital, Inc. <sup>(e)</sup> | 4.000% | 06/15/28 | $1200000 | $1160710 |
| Calvert Impact Capital, Inc. <sup>(e)</sup> | 5.000% | 12/15/28 | 450000 | 442866 |
| Calvert Impact Capital, Inc. <sup>(e)</sup> | 5.000% | 06/15/29 | 1800000 | 1756214 |
| Calvert Impact Capital, Inc. <sup>(e)</sup> | 4.500% | 12/14/29 | 550000 | 528364 |
| Calvert Impact Capital, Inc. <sup>(e)</sup> | 4.500% | 06/14/30 | 1800000 | 1707385 |
| Calvert Impact Capital, Inc. <sup>(e)</sup> | 4.500% | 12/13/30 | 1000000 | 949115 |
| Calvert Impact Climate, Inc. <sup>(e)</sup> | 5.500% | 12/15/53 | 985802 | 871483 |
| Capital Impact Partners Investment <sup>(e)</sup> | 4.500% | 06/15/26 | 1800000 | 1801509 |
| Capital Impact Partners Investment <sup>(e)</sup> | 5.000% | 12/15/26 | 500000 | 501227 |
| **TOTAL CORPORATE NOTES** (COST $10,085,802) |  |  |  | $9718873 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FOREIGN GOVERNMENTS - 6.2%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| SUPRANATIONAL - 6.2% |  |  |  |  |
| African Development Bank | 3.500% | 09/18/29 | $2000000 | $1974651 |
| Asian Development Bank | 3.125% | 09/26/28 | 1000000 | 983359 |
| Central American Bank <sup>(a)</sup> | 3.750% | 01/22/29 | 200000 | 198408 |
| European Investment Bank | 2.125% | 04/13/26 | 1000000 | 999345 |
| European Investment Bank | 2.375% | 05/24/27 | 4000000 | 3935538 |
| European Investment Bank | 4.375% | 10/10/31 | 5000000 | 5085416 |
| Inter-American Development Bank | 0.625% | 09/16/27 | 7000000 | 6684902 |
| Inter-American Development Bank | 3.500% | 04/12/33 | 3000000 | 2867728 |
| Inter-American Development Bank | 4.375% | 01/24/44 | 3000000 | 2771076 |
| International Bank for Reconstruction & Development | 0.875% | 07/15/26 | 3000000 | 2975153 |
| International Bank for Reconstruction & Development | 3.125% | 06/15/27 | 4000000 | 3966851 |
| International Bank for Reconstruction & Development | 4.625% | 08/01/28 | 6000000 | 6106647 |
| International Bank for Reconstruction & Development | 4.750% | 11/14/33 | 6000000 | 6206551 |
| International Development Association <sup>(a)</sup> | 0.876% | 04/28/26 | 2000000 | 1995505 |
| International Development Association <sup>(a)</sup> | 4.500% | 02/12/35 | 4000000 | 4044733 |
| International Finance Corp., Series GMTN | 2.126% | 04/07/26 | 3000000 | 2998888 |
| International Finance Corp., Series 2622 | 4.375% | 01/15/27 | 1000000 | 1003961 |
| International Finance Corp., Series 2853 | 3.500% | 01/22/29 | 4000000 | 3964776 |
| Kreditanstalt Fur Wiederafbau | 3.500% | 08/09/28 | 6000000 | 5959201 |
| Kreditanstalt Fur Wiederafbau | 4.375% | 02/28/34 | 7500000 | 7574564 |
| **TOTAL FOREIGN GOVERNMENTS** (COST $72,581,587) |  |  |  | $72297253 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0% <sup>(d)</sup>** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| Commercial Mortgage Pass-Through Certificates, Class A-3 (COST $33,471) | 0.000% | 10/17/45 | $32965 | $32760 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **DEVELOPMENT FINANCE CORPORATION - 0.6%** | **DEVELOPMENT FINANCE CORPORATION - 0.6%** | **DEVELOPMENT FINANCE CORPORATION - 0.6%** |  |  |
| DFC | 4.283% | 09/15/26 | $83333 | $83333 |
| DFC | 1.590% | 04/15/28 | 2000000 | 1927016 |
| DFC | 1.650% | 04/15/28 | 3500000 | 3401013 |
| DFC | 3.130% | 04/15/28 | 1000000 | 982951 |
| DFC | 3.540% | 06/15/30 | 250017 | 245222 |
| DFC | 3.520% | 09/20/32 | 464286 | 450929 |
|  |  |  |  | 7090464 |
| **FEDERAL FARM CREDIT BANK - 0.3%** |  |  |  |  |
| FFCB | 1.950% | 08/13/40 | 4937000 | 3343486 |
| **FEDERAL HOME LOAN BANK - 6.6%** |  |  |  |  |
| FHLB | 4.125% | 01/15/27 | 7000000 | 7019962 |
| FHLB | 4.250% | 12/10/27 | 11000000 | 11078221 |
| FHLB | 4.500% | 03/10/28 | 3000000 | 3036392 |
| FHLB | 4.000% | 06/30/28 | 3200000 | 3217652 |
| FHLB | 3.250% | 11/16/28 | 13000000 | 12816565 |
| FHLB | 5.500% | 07/15/36 | 23620000 | 25716947 |
| FHLB | 2.590% | 03/19/40 | 4000000 | 3032234 |
| FHLB | 2.340% | 03/26/40 | 1000000 | 738233 |
| FHLB | 2.070% | 06/29/40 | 1715000 | 1209981 |
| FHLB | 2.010% | 07/16/40 | 2685000 | 1873246 |
| FHLB | 5.250% | 03/11/44 | 7200000 | 7340856 |
|  |  |  |  | 77080289 |
| **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8%** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8%** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8%** |  |  |
| FHLMC | 2.875% | 04/25/26 | 279547 | 278768 |
| FHLMC | 6.000% | 04/01/27 | 5730 | 5847 |
| FHLMC | 2.500% | 10/01/27 | 48822 | 48267 |
| FHLMC | 2.738% | 04/25/29 | 1221214 | 1196725 |
| FHLMC | 2.939% | 04/25/29 | 7000000 | 6732079 |
| FHLMC | 2.412% | 08/25/29 | 5780000 | 5475021 |
| FHLMC | 7.000% | 02/01/30 | 5282 | 5552 |
| FHLMC | 1.234% | 02/25/30 | 931590 | 874798 |
| FHLMC | 1.297% | 06/25/30 | 13000000 | 11565811 |
| FHLMC | 7.500% | 07/01/30 | 6672 | 6800 |
| FHLMC | 1.406% | 08/25/30 | 2000000 | 1780194 |
| FHLMC | 1.503% | 09/25/30 | 5324300 | 4751815 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** |  |  |
| FHLMC | 1.487% | 11/25/30 | $16167800 | $14328834 |
| FHLMC | 1.878% | 01/25/31 | 2720745 | 2453485 |
| FHLMC | 2.000% | 01/25/31 | 3328000 | 3047015 |
| FHLMC | 7.000% | 03/01/31 | 10202 | 10724 |
| FHLMC | 1.777% | 10/25/31 | 5000000 | 4397235 |
| FHLMC | 2.154% | 10/25/31 | 4000000 | 3581418 |
| FHLMC | 2.091% | 11/25/31 | 11700000 | 10383556 |
| FHLMC | 2.127% | 11/25/31 | 9000000 | 8030093 |
| FHLMC | 2.347% | 11/25/31 | 17900000 | 16142915 |
| FHLMC | 2.250% | 01/25/32 | 9000000 | 8043396 |
| FHLMC | 2.350% | 03/25/32 | 14930000 | 13378203 |
| FHLMC | 2.450% | 04/25/32 | 7100000 | 6387866 |
| FHLMC | 2.580% | 05/25/32 | 5013000 | 4533611 |
| FHLMC | 2.650% | 05/25/32 | 12450000 | 11280915 |
| FHLMC | 6.250% | 07/15/32 | 7050000 | 7867139 |
| FHLMC | 3.123% | 08/25/32 | 5710000 | 5297230 |
| FHLMC | 3.000% | 11/01/32 | 239112 | 231543 |
| FHLMC | 3.000% | 11/01/32 | 180889 | 175235 |
| FHLMC | 2.459% | 07/25/33 | 3000000 | 2553467 |
| FHLMC | 5.500% | 11/01/33 | 10842 | 10920 |
| FHLMC (H15T1Y + 223.10) <sup>(b)</sup> | 6.231% | 05/01/34 | 13443 | 13792 |
| FHLMC | 1.783% | 06/25/34 | 2084061 | 1735284 |
| FHLMC | 2.797% | 08/25/34 | 5000000 | 4391955 |
| FHLMC | 5.000% | 07/01/35 | 29223 | 29406 |
| FHLMC | 4.500% | 10/01/35 | 42879 | 42490 |
| FHLMC | 2.438% | 02/25/36 | 4000000 | 3302181 |
| FHLMC | 5.500% | 03/01/36 | 12565 | 12982 |
| FHLMC | 1.500% | 04/01/36 | 3797893 | 3426978 |
| FHLMC | 5.500% | 06/01/36 | 17107 | 17675 |
| FHLMC | 6.000% | 06/01/36 | 16961 | 17606 |
| FHLMC | 2.361% | 10/25/36 | 18750000 | 15143419 |
| FHLMC | 5.500% | 12/01/36 | 14249 | 14722 |
| FHLMC | 2.000% | 02/01/37 | 3079501 | 2834973 |
| FHLMC | 6.000% | 08/01/37 | 6402 | 6705 |
| FHLMC | 5.000% | 03/01/38 | 75920 | 76821 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** |  |  |
| FHLMC | 0.000% | 11/15/38 | $4331000 | $2384105 |
| FHLMC | 4.500% | 06/01/39 | 80044 | 79316 |
| FHLMC | 5.000% | 06/01/39 | 120882 | 122321 |
| FHLMC | 4.500% | 07/01/39 | 78776 | 78059 |
| FHLMC | 4.500% | 11/01/39 | 71981 | 71326 |
| FHLMC | 4.500% | 09/01/40 | 114271 | 113230 |
| FHLMC | 4.500% | 05/01/41 | 229828 | 227735 |
| FHLMC | 4.500% | 07/01/41 | 244245 | 242021 |
| FHLMC | 5.000% | 09/01/41 | 99496 | 100681 |
| FHLMC | 3.500% | 10/01/41 | 121799 | 115701 |
| FHLMC | 4.000% | 10/01/41 | 133800 | 129379 |
| FHLMC | 3.500% | 02/01/42 | 215801 | 204171 |
| FHLMC | 4.000% | 02/01/42 | 56636 | 54768 |
| FHLMC | 3.500% | 06/01/42 | 256699 | 242944 |
| FHLMC | 3.500% | 06/01/42 | 254773 | 240884 |
| FHLMC | 3.500% | 08/01/42 | 301059 | 284460 |
| FHLMC | 3.000% | 11/01/42 | 580390 | 532445 |
| FHLMC | 3.000% | 01/01/43 | 332933 | 305325 |
| FHLMC | 3.000% | 05/01/43 | 433130 | 396872 |
| FHLMC | 3.500% | 10/01/44 | 253176 | 238056 |
| FHLMC | 3.500% | 11/01/44 | 231147 | 217319 |
| FHLMC | 3.500% | 04/01/45 | 291242 | 273469 |
| FHLMC | 3.000% | 05/01/46 | 502564 | 453729 |
| FHLMC | 3.000% | 12/01/46 | 1237909 | 1118837 |
| FHLMC | 3.500% | 03/01/48 | 1358031 | 1272386 |
| FHLMC | 3.500% | 03/01/49 | 380244 | 353224 |
| FHLMC | 3.500% | 07/01/49 | 608085 | 563851 |
| FHLMC | 3.000% | 09/01/49 | 723487 | 644728 |
| FHLMC | 3.000% | 07/01/50 | 1787054 | 1575848 |
| FHLMC | 2.000% | 08/01/50 | 2641618 | 2152525 |
| FHLMC | 2.050% | 08/19/50 | 2500000 | 1341360 |
| FHLMC | 1.500% | 11/01/50 | 6912478 | 5360383 |
| FHLMC | 2.000% | 01/01/51 | 6502344 | 5293045 |
| FHLMC | 2.500% | 04/01/51 | 6365479 | 5396809 |
| FHLMC | 2.000% | 08/01/51 | 2709108 | 2197634 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORPORATION - 25.8% (Continued)** |  |  |
| FHLMC | 2.500% | 09/01/51 | $2492276 | $2103454 |
| FHLMC | 2.000% | 01/01/52 | 4806791 | 3889229 |
| FHLMC | 2.500% | 02/01/52 | 5275047 | 4465642 |
| FHLMC | 2.000% | 04/01/52 | 4017310 | 3249422 |
| FHLMC | 3.000% | 04/01/52 | 4602811 | 4052015 |
| FHLMC | 2.500% | 05/01/52 | 5591483 | 4730014 |
| FHLMC | 3.000% | 05/01/52 | 7857377 | 6917121 |
| FHLMC | 3.000% | 07/01/52 | 14613909 | 12863269 |
| FHLMC | 4.000% | 07/01/52 | 4707640 | 4462648 |
| FHLMC | 4.000% | 08/01/52 | 4766403 | 4507018 |
| FHLMC | 3.500% | 09/01/52 | 10510713 | 9647316 |
| FHLMC | 4.500% | 09/01/52 | 7911266 | 7672931 |
| FHLMC | 4.000% | 10/01/52 | 9619022 | 9090333 |
| FHLMC | 5.500% | 05/01/53 | 5074786 | 5116925 |
|  |  |  |  | 303069749 |
| **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5%** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5%** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5%** |  |  |
| FNMA | 2.910% | 04/01/26 | 3000000 | 2992062 |
| FNMA | 2.500% | 09/01/27 | 46991 | 46463 |
| FNMA | 0.750% | 10/08/27 | 8000000 | 7639801 |
| FNMA | 2.500% | 11/01/27 | 83095 | 82074 |
| FNMA | 2.500% | 01/01/28 | 56735 | 55979 |
| FNMA <sup>(b)</sup> | 3.312% | 06/25/28 | 1573117 | 1549344 |
| FNMA | 3.560% | 09/25/28 | 2816961 | 2781780 |
| FNMA | 2.530% | 05/01/29 | 3949068 | 3768766 |
| FNMA | 2.522% | 08/27/29 | 4768698 | 4533201 |
| FNMA | 0.875% | 08/05/30 | 24000000 | 21093288 |
| FNMA | 6.625% | 11/15/30 | 12750000 | 14171859 |
| FNMA <sup>(b)</sup> | 1.468% | 11/25/30 | 3000000 | 2657374 |
| FNMA | 1.208% | 12/25/30 | 4000000 | 3481046 |
| FNMA <sup>(b)</sup> | 1.391% | 12/25/30 | 4367316 | 3886124 |
| FNMA | 1.245% | 01/25/31 | 16000000 | 14023325 |
| FNMA | 1.410% | 02/01/31 | 3000000 | 2637905 |
| FNMA | 1.375% | 03/25/31 | 1000000 | 877764 |
| FNMA | 1.820% | 06/01/31 | 2000000 | 1769548 |
| FNMA | 1.531% | 09/25/31 | 1125000 | 989661 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5% (Continued)** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5% (Continued)** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5% (Continued)** |  |  |
| FNMA | 2.000% | 01/01/32 | $616758 | $586530 |
| FNMA | 3.759% | 08/25/32 | 9947159 | 9619912 |
| FNMA | 1.684% | 11/25/32 | 5000000 | 4272653 |
| FNMA | 3.000% | 12/01/32 | 271842 | 262000 |
| FNMA | 4.500% | 04/25/33 | 2000000 | 2004325 |
| FNMA | 6.000% | 10/01/33 | 7308 | 7450 |
| FNMA | 5.500% | 02/01/34 | 13233 | 13529 |
| FNMA (H15T1Y + 211.70) <sup>(b)</sup> | 5.842% | 05/01/34 | 11587 | 11738 |
| FNMA | 6.000% | 11/01/34 | 30088 | 31133 |
| FNMA | 5.500% | 01/01/35 | 19588 | 20079 |
| FNMA | 2.500% | 02/01/35 | 712699 | 673782 |
| FNMA | 5.000% | 10/01/35 | 24889 | 25118 |
| FNMA | 5.500% | 10/01/35 | 34645 | 35751 |
| FNMA | 6.000% | 10/01/35 | 16189 | 16601 |
| FNMA | 5.500% | 06/01/36 | 8766 | 9023 |
| FNMA | 6.000% | 06/01/36 | 9412 | 9873 |
| FNMA | 5.500% | 11/01/36 | 13531 | 13963 |
| FNMA (RFUCCT1Y + 156.50) <sup>(b)</sup> | 5.690% | 05/01/37 | 1738 | 1753 |
| FNMA | 5.625% | 07/15/37 | 14250000 | 15509946 |
| FNMA | 2.500% | 10/25/37 | 1261009 | 1119795 |
| FNMA | 4.500% | 09/01/40 | 66037 | 65354 |
| FNMA | 4.500% | 10/01/40 | 65314 | 64639 |
| FNMA | 4.000% | 12/01/40 | 179566 | 172581 |
| FNMA | 4.000% | 01/01/41 | 120265 | 116155 |
| FNMA | 3.500% | 02/01/41 | 181482 | 172223 |
| FNMA | 4.000% | 10/01/41 | 92157 | 89007 |
| FNMA | 4.000% | 11/01/41 | 108652 | 104937 |
| FNMA | 4.000% | 12/01/41 | 129842 | 125403 |
| FNMA | 4.000% | 12/01/41 | 180600 | 174368 |
| FNMA | 4.000% | 01/01/42 | 412515 | 400480 |
| FNMA | 3.500% | 05/01/42 | 217023 | 205007 |
| FNMA | 3.000% | 06/01/42 | 409219 | 374956 |
| FNMA | 3.000% | 08/01/42 | 286312 | 262340 |
| FNMA | 3.000% | 08/01/42 | 330765 | 303071 |
| FNMA | 3.500% | 12/01/42 | 436910 | 412583 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5% (Continued)** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5% (Continued)** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION - 22.5% (Continued)** |  |  |
| FNMA | 3.000% | 06/01/43 | $375520 | $343842 |
| FNMA | 4.000% | 12/01/44 | 489445 | 471790 |
| FNMA | 3.500% | 05/01/45 | 572423 | 538976 |
| FNMA | 3.000% | 04/01/46 | 488637 | 441976 |
| FNMA | 3.500% | 11/01/46 | 819325 | 769357 |
| FNMA | 4.000% | 10/01/48 | 373315 | 357474 |
| FNMA | 4.000% | 11/01/48 | 1069025 | 1017508 |
| FNMA | 3.500% | 05/01/49 | 306614 | 284373 |
| FNMA | 4.000% | 06/01/49 | 472841 | 447864 |
| FNMA | 3.500% | 08/01/49 | 1245962 | 1154727 |
| FNMA | 3.000% | 09/01/49 | 696229 | 620437 |
| FNMA | 3.000% | 06/01/50 | 1441521 | 1280998 |
| FNMA | 2.500% | 07/01/50 | 2403490 | 2045203 |
| FNMA | 2.500% | 08/01/50 | 1701305 | 1446298 |
| FNMA | 3.000% | 08/01/50 | 2547183 | 2261163 |
| FNMA | 2.000% | 11/01/50 | 4383997 | 3570498 |
| FNMA | 2.000% | 01/01/51 | 7841049 | 6382783 |
| FNMA | 2.000% | 02/01/51 | 4655824 | 3787029 |
| FNMA | 2.500% | 04/01/51 | 12906534 | 10942413 |
| FNMA | 2.000% | 08/01/51 | 11055421 | 8968186 |
| FNMA | 2.000% | 11/01/51 | 4600428 | 3727105 |
| FNMA | 2.500% | 12/01/51 | 7405044 | 6260164 |
| FNMA | 2.500% | 05/01/52 | 4786325 | 4050405 |
| FNMA | 3.500% | 05/01/52 | 6541850 | 6004197 |
| FNMA | 3.500% | 05/01/52 | 13558469 | 12444759 |
| FNMA | 3.000% | 07/01/52 | 4064223 | 3577374 |
| FNMA | 4.500% | 07/01/52 | 11273833 | 10914473 |
| FNMA | 4.500% | 08/01/52 | 5289667 | 5125424 |
| FNMA | 3.500% | 09/01/52 | 4050119 | 3717004 |
| FNMA | 4.000% | 09/01/52 | 11795886 | 11179864 |
| FNMA | 4.500% | 10/01/52 | 6045252 | 5863758 |
| FNMA | 5.000% | 04/01/53 | 8544591 | 8467610 |
| FNMA | 5.000% | 06/01/53 | 3444293 | 3412024 |
| FNMA | 5.000% | 10/01/53 | 5844883 | 5784727 |
|  |  |  |  | 263987205 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. GOVERNMENT AGENCIES - 59.3% (Continued)** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 1.5%** | **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 1.5%** | **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 1.5%** |  |  |
| GNMA | 7.000% | 12/20/30 | $3560 | $3665 |
| GNMA | 7.000% | 10/20/31 | 3085 | 3239 |
| GNMA | 7.000% | 03/20/32 | 13899 | 14309 |
| GNMA (H15T1Y + 150.00) <sup>(b)</sup> | 5.625% | 01/20/34 | 9258 | 9367 |
| GNMA | 5.500% | 10/20/38 | 4388 | 4388 |
| GNMA | 6.500% | 11/20/38 | 2686 | 2763 |
| GNMA | 2.500% | 12/20/50 | 12811756 | 11029622 |
| GNMA | 3.500% | 08/20/52 | 3387391 | 3129905 |
| GNMA | 3.500% | 11/20/52 | 4014874 | 3712021 |
|  |  |  |  | 17909279 |
| **SMALL BUSINESS ADMINISTRATION - 0.0% <sup>(d)</sup>** |  |  |  |  |
| SBA (Prime - 2.65) <sup>(b)</sup> | 4.850% | 02/25/32 | 3551 | 3532 |
| **TENNESSEE VALLEY AUTHORITY - 2.0%** |  |  |  |  |
| TVA | 4.250% | 09/15/52 | 5000000 | 4220280 |
| TVA | 5.250% | 02/01/55 | 5500000 | 5416816 |
| TVA | 4.625% | 09/15/60 | 4000000 | 3522665 |
| TVA | 4.250% | 09/15/65 | 13000000 | 10629930 |
|  |  |  |  | 23789691 |
| **TOTAL U.S. GOVERNMENT AGENCIES** (COST $715,260,746) | **TOTAL U.S. GOVERNMENT AGENCIES** (COST $715,260,746) | **TOTAL U.S. GOVERNMENT AGENCIES** (COST $715,260,746) |  | $696273695 |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 1.4%** | **Shares** | **Fair Value** |
| First American Government Obligations Fund - Class X, 3.58% <sup>(f)</sup> (COST $16,905,119) | 16905119 | $16905119 |

---

---

| | | |
|:---|:---|:---|
| **INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 1.0%** | **Shares** | **Fair Value** |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.74% <sup>(f)(g)</sup> (COST $11,391,093) | 11391093 | $11391093 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Impact Bond Fund***

---

| | | |
|:---|:---|:---|
| **INVESTMENT COMPANIES - 0.3%** | **Shares** | **Fair Value** |
| Impax High Yield Bond Fund - Institutional Class (COST $4,199,236) | 530984 | $3201832 |
| **TOTAL INVESTMENTS -** (COST $1,237,244,431) **- 100.9%** |  | $1184133112 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.9%)** |  | (10867162) |
| **NET ASSETS - 100.0%** |  | $1173265950 |

---

<sup>(a)</sup> 144a security may only be resold to qualified institutional investors. These securities were deemed liquid under guidelines established by the Board of Trustees. As of March 31, 2026, these securities have a value of $117,207,987 or 10.0% of net assets.

<sup>(b)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread.

<sup>(c)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $11,180,254.

<sup>(d)</sup> Percentage rounds to less than 0.1%.

<sup>(e)</sup> Illiquid securities are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>Date | Current <br>Cost | Fair <br>Value | % of Net <br>Assets |
| Calvert Impact Capital, Inc., 4.000%, 06/15/28 | 06/15/23 | $1200000 | $1160710 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 12/15/28 | 12/15/23 | 450000 | 442866 | 0.0 %<sup>(d)</sup> |
| Calvert Impact Capital, Inc., 5.000%, 06/15/29 | 06/14/24 | 1800000 | 1756214 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/14/29 | 12/13/24 | 550000 | 528364 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 06/14/30 | 06/13/25 | 1800000 | 1707385 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/13/30 | 12/15/25 | 1000000 | 949115 | 0.1% |
| Calvert Impact Climate, Inc., 5.500%, 12/15/53 | 10/13/23 | 985802 | 871483 | 0.1% |
| Capital Impact Partners Investment, 4.500%, 06/15/26 | 06/17/25 | 1800000 | 1801509 | 0.2% |
| Capital Impact Partners Investment, 5.000%, 12/15/26 | 12/15/23 | 500000 | 501227 | 0.0 %<sup>(d)</sup> |
|  |  | $10085802 | $9718873 | 0.8% |

---

<sup>(f)</sup> The rate shown is the 7-day effective yield as of March 31, 2026.

<sup>(g)</sup> The security was purchased with cash collateral received from securities on loan.

GMTN - Global Medium-Term Note

H15T1Y - U.S. Treasury yield curve rate for U.S. Treasury note with a constant maturity of 1 year

plc - Public Liability Company

REIT - Real Estate Investment Trust

RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

**Schedule of Portfolio Investments** 

***Praxis International Index Fund***

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8%** | **Shares** | **Fair Value** |
| **AUSTRALIA - 3.8%** |  |  |
| ANZ Group Holdings Ltd. | 40646 | $1022054 |
| BlueScope Steel Ltd. | 21201 | 383751 |
| Brambles Ltd. | 133068 | 2088407 |
| Commonwealth Bank of Australia - ADR <sup>(a)</sup> | 2357 | 278173 |
| Commonwealth Bank of Australia | 30237 | 3540960 |
| Computershare Ltd. | 20272 | 399814 |
| CSL Ltd. - ADR | 10020 | 245991 |
| CSL Ltd. | 3640 | 357517 |
| Dexus | 232164 | 957146 |
| Goodman Group | 44189 | 793347 |
| GPT Group (The) | 90335 | 285732 |
| Mirvac Group | 249710 | 308532 |
| National Australia Bank Ltd. | 36653 | 1060213 |
| Scentre Group | 626316 | 1445117 |
| SEEK Ltd. | 39173 | 384939 |
| Stockland | 177423 | 532594 |
| Transurban Group | 324582 | 3166247 |
| Vicinity Centres | 397679 | 648770 |
| Wesfarmers Ltd. | 32429 | 1655695 |
| Westpac Banking Corp. | 37991 | 1049892 |
| Woodside Energy Group Ltd. | 57213 | 1358096 |
|  |  | 21962987 |
| **AUSTRIA - 0.3%** |  |  |
| Erste Group Bank AG | 5331 | 575859 |
| Verbund AG | 6899 | 527195 |
| voestalpine AG | 12072 | 535636 |
|  |  | 1638690 |
| **BELGIUM - 0.9%** |  |  |
| Elia Group S.A. / N.V. | 4796 | 736631 |
| KBC Group N.V. | 12677 | 1551499 |
| Sofina S.A. <sup>(b)</sup> | 1200 | 291379 |
| UCB S.A. | 9252 | 2787482 |
|  |  | 5366991 |
| **BERMUDA - 0.7%** |  |  |
| Credicorp Ltd. | 9750 | 3307005 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **BERMUDA - 0.7% (Continued)** |  |  |
| Orient Overseas International Ltd. | 34000 | $606387 |
|  |  | 3913392 |
| **BRAZIL - 1.4%** |  |  |
| Banco do Brasil S.A. - ADR <sup>(a)</sup> | 196076 | 882342 |
| Banco Santander Brasil S.A. - ADR <sup>(a)</sup> | 65143 | 386298 |
| MBRF Global Foods Co. S.A. - ADR | 1 | 4 |
| Suzano S.A. - ADR | 82037 | 821190 |
| Telefónica Brasil S.A. - ADR <sup>(a)</sup> | 259146 | 4123013 |
| TIM S.A. - ADR <sup>(a)</sup> | 72269 | 1914406 |
|  |  | 8127253 |
| **CANADA - 7.7%** |  |  |
| Agnico Eagle Mines Ltd. | 2236 | 453863 |
| Bank of Montreal | 17350 | 2348149 |
| Bank of Nova Scotia (The) | 10199 | 706893 |
| Brookfield Corp. | 8766 | 354760 |
| Cameco Corp. | 10507 | 1141165 |
| Canadian Imperial Bank of Commerce <sup>(a)</sup> | 25453 | 2411672 |
| Canadian National Railway Co. | 15841 | 1627979 |
| Canadian Pacific Kansas City Ltd. | 16665 | 1310869 |
| CGI, Inc. | 8100 | 592110 |
| Dollarama, Inc. | 5705 | 700035 |
| Franco-Nevada Corp. | 12999 | 3211403 |
| Gildan Activewear, Inc. | 18362 | 1021845 |
| Manulife Financial Corp. | 75463 | 2598946 |
| National Bank of Canada | 10002 | 1294010 |
| Nutrien Ltd. | 7659 | 577948 |
| Pembina Pipeline Corp. <sup>(a)</sup> | 39276 | 1757994 |
| RB Global, Inc. | 6407 | 614111 |
| Restaurant Brands International, Inc. | 11589 | 856427 |
| Royal Bank of Canada | 26330 | 4259667 |
| Shopify, Inc. - Class A <sup>(b)</sup> | 16669 | 1977277 |
| Stantec, Inc. | 7587 | 655517 |
| Sun Life Financial, Inc. | 28402 | 1776829 |
| Teck Resources Ltd. - Class B | 42461 | 2197357 |
| Thomson Reuters Corp. | 17868 | 1607763 |
| Toronto-Dominion Bank (The) | 23372 | 2180841 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **CANADA - 7.7% (Continued)** |  |  |
| Wheaton Precious Metals Corp. | 37004 | $4847894 |
| WSP Global, Inc. | 5799 | 902330 |
|  |  | 43985654 |
| **CAYMAN ISLANDS - 3.9%** |  |  |
| Alibaba Group Holding Ltd. - ADR <sup>(a)</sup> | 41484 | 5204583 |
| Baidu, Inc. - ADR <sup>(a)(b)</sup> | 2906 | 323786 |
| BeOne Medicines Ltd. - ADR <sup>(b)</sup> | 2287 | 679170 |
| China Literature Ltd. <sup>(b)</sup> | 97400 | 319297 |
| CK Asset Holdings Ltd. | 133000 | 761020 |
| ENN Energy Holdings Ltd. | 60300 | 491001 |
| Hansoh Pharmaceutical Group Co. Ltd. | 102000 | 466913 |
| JD Health International, Inc. <sup>(b)</sup> | 50500 | 308255 |
| Meituan - ADR <sup>(a)(b)</sup> | 7662 | 167644 |
| NetEase, Inc. - ADR | 13899 | 1555854 |
| Shenzhou International Group Holdings Ltd. | 61800 | 377620 |
| Tencent Holdings Ltd. - ADR | 114280 | 7224782 |
| Trip.com Group Ltd. - ADR <sup>(a)(b)</sup> | 19946 | 993111 |
| Vipshop Holdings Ltd. - ADR | 21137 | 332274 |
| WuXi Biologics Cayman, Inc. <sup>(b)</sup> | 288500 | 1240727 |
| Xiaomi Corp. - ADR <sup>(a)(b)</sup> | 56711 | 1173918 |
| XPeng, Inc. - ADR <sup>(a)(b)</sup> | 27625 | 472664 |
|  |  | 22092619 |
| **CHILE - 0.3%** |  |  |
| Banco de Chile - ADR | 18637 | 690315 |
| Sociedad Quimica y Minera de Chile S.A. - ADR <sup>(b)</sup> | 12932 | 1046716 |
|  |  | 1737031 |
| **CHINA - 3.2%** |  |  |
| Agricultural Bank of China Ltd. - H Shares | 2216000 | 1585160 |
| ANTA Sports Products Ltd. | 61600 | 602198 |
| Bank of China Ltd. - H Shares | 3583000 | 2287938 |
| BYD Co. Ltd. - ADR <sup>(a)</sup> | 35840 | 488499 |
| BYD Co. Ltd. - H Shares | 49500 | 676750 |
| China CITIC Bank Corp. Ltd. - H Shares | 1185000 | 1200339 |
| China Merchants Bank Co. Ltd. - H Shares | 83000 | 527416 |
| China Minsheng Banking Corp. Ltd. - H Shares | 1287000 | 605287 |
| COSCO SHIPPING Holdings Co. Ltd. - H Shares | 186000 | 354204 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **CHINA - 3.2% (Continued)** |  |  |
| Guotai Haitong Securities Co. Ltd. - H Shares | 539200 | $924716 |
| Industrial & Commercial Bank of China Ltd. - H Shares | 1755000 | 1546985 |
| Jiangsu Expressway Co. Ltd. - H Shares | 1248000 | 1609448 |
| PICC Property & Casualty Co. Ltd. - H Shares | 294000 | 541204 |
| Ping An Insurance Group Co. of China Ltd. - H Shares | 334818 | 2574560 |
| Postal Savings Bank of China Co. Ltd. - H Shares | 615000 | 386360 |
| Sinopharm Group Co. Ltd. - H Shares | 382000 | 991075 |
| Weichai Power Co. Ltd. - H Shares | 171000 | 606421 |
| Yum China Holdings, Inc. | 18390 | 897064 |
|  |  | 18405624 |
| **COLOMBIA - 0.6%** |  |  |
| Grupo Cibest S.A. - ADR | 50160 | 3652150 |
| **DENMARK - 1.0%** |  |  |
| A.P. Moller-Maersk A/S - Series B | 317 | 792059 |
| DSV A/S | 4551 | 1099424 |
| Genmab A/S - ADR <sup>(b)</sup> | 6790 | 182175 |
| Novo Nordisk A/S - ADR | 59796 | 2197503 |
| Novonesis Novozymes - B Shares | 4305 | 255839 |
| Orsted A/S - ADR <sup>(a)</sup> | 4207 | 34119 |
| Vestas Wind Systems A/S | 28304 | 854207 |
|  |  | 5415326 |
| **FINLAND - 0.5%** |  |  |
| Neste OYJ | 55141 | 1791873 |
| Nordea Bank Abp | 38441 | 659267 |
| UPM-Kymmene OYJ | 17277 | 540744 |
|  |  | 2991884 |
| **FRANCE - 4.9%** |  |  |
| Acciona S.A. | 2979 | 783333 |
| Accor S.A. | 4739 | 227288 |
| Air Liquide S.A. - ADR | 4 | 166 |
| Air Liquide S.A. | 15036 | 3107790 |
| AXA S.A. | 33469 | 1537889 |
| BNP Paribas S.A. | 5706 | 543552 |
| Bureau Veritas S.A. | 24613 | 736671 |
| Canal+ S.A. | 46775 | 124451 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **FRANCE - 4.9% (Continued)** |  |  |
| Capgemini SE | 5588 | $659348 |
| Cie Generale des Etablissements Michelin SCA | 32714 | 1120699 |
| Danone S.A. | 25456 | 2034032 |
| Dassault Systemes SE | 8424 | 170530 |
| EssilorLuxottica S.A. | 6450 | 1502950 |
| Eurofins Scientific SE | 6072 | 443050 |
| Getlink SE | 46322 | 999534 |
| Hermes International SCA | 830 | 1572247 |
| Kering S.A. | 2777 | 843239 |
| Klepierre S.A. | 20396 | 765679 |
| Legrand S.A. | 15771 | 2449996 |
| Louis Hachette Group | 46775 | 84925 |
| Publicis Groupe S.A. | 12555 | 1039128 |
| Sartorius Stedim Biotech | 1868 | 363801 |
| Schneider Electric SE - ADR | 9820 | 534503 |
| Schneider Electric SE | 17677 | 4814690 |
| Societe Generale S.A. - ADR | 8915 | 130783 |
| Societe Generale S.A. | 12929 | 943996 |
| Vivendi SE | 1 | 2 |
| Wendel SE | 2561 | 230714 |
|  |  | 27764986 |
| **GERMANY - 4.3%** |  |  |
| adidas AG - ADR | 5158 | 413620 |
| adidas AG | 1323 | 214128 |
| Allianz SE - ADR | 76050 | 3197142 |
| Allianz SE | 5268 | 2224682 |
| Aumovio SE <sup>(b)</sup> | 2165 | 84780 |
| Bayerische Motoren Werke AG - ADR | 2 | 61 |
| Bayerische Motoren Werke AG | 4180 | 386662 |
| Commerzbank AG | 24099 | 879079 |
| Continental AG | 4331 | 302322 |
| Covestro AG <sup>(b)</sup> | 2464 | 169450 |
| Deutsche Bank AG | 41119 | 1224524 |
| Deutsche Boerse AG | 8303 | 2432225 |
| Deutsche Post AG - ADR | 19942 | 522680 |
| Deutsche Post AG | 14726 | 776130 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **GERMANY - 4.3% (Continued)** |  |  |
| Deutsche Telekom AG - ADR | 30009 | $1112734 |
| Deutsche Telekom AG | 25629 | 956518 |
| E.ON SE - ADR <sup>(b)</sup> | 9923 | 219695 |
| E.ON SE | 24138 | 528636 |
| Evonik Industries AG | 18750 | 367910 |
| Hannover Rueck SE | 1159 | 364376 |
| Infineon Technologies AG | 10636 | 482494 |
| Mercedes-Benz Group AG | 10751 | 660760 |
| Merck KGaA | 4394 | 558251 |
| Muenchener Rueckversicherungs-Gesellschaft AG - ADR | 94450 | 1187236 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 1968 | 1242822 |
| SAP SE - ADR <sup>(a)</sup> | 2631 | 450454 |
| Siemens AG | 8885 | 2164599 |
| Telefonica Deutschland Holding AG <sup>(b)</sup> | 124863 | 305952 |
| Vonovia SE | 42825 | 1071113 |
|  |  | 24501035 |
| **HONG KONG - 2.3%** |  |  |
| AAC Technologies Holdings, Inc. | 92000 | 394625 |
| AIA Group Ltd. - ADR | 38218 | 1701848 |
| AIA Group Ltd. | 57569 | 639686 |
| BYD Electronic International Co. Ltd. | 86500 | 311157 |
| China Merchants Port Holdings Co. Ltd. | 892000 | 1673819 |
| Fuyao Glass Industry Group Co. Ltd. | 50400 | 379143 |
| Geely Automobile Holdings Ltd. | 541000 | 1465177 |
| Guangdong Investment Ltd. | 350000 | 350568 |
| Hong Kong Exchanges & Clearing Ltd. | 14978 | 755631 |
| Kingsoft Corp. Ltd. | 61000 | 177736 |
| Lenovo Group Ltd. | 754000 | 906870 |
| Link REIT | 167800 | 777744 |
| Nongfu Spring Co. Ltd. - H Shares | 63000 | 380974 |
| Pop Mart International Group Ltd. <sup>(b)</sup> | 14800 | 275337 |
| Sino Land Co. Ltd. | 482000 | 707425 |
| Sun Hung Kai Properties Ltd. | 120500 | 2006482 |
|  |  | 12904222 |
| **INDIA - 3.5%** |  |  |
| HDFC Bank Ltd. - ADR | 183554 | 4566824 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **INDIA - 3.5% (Continued)** |  |  |
| ICICI Bank Ltd. - ADR | 245727 | $6364329 |
| Infosys Ltd. - ADR <sup>(a)</sup> | 333246 | 4502153 |
| Wipro Ltd. - ADR <sup>(a)</sup> | 2224704 | 4716373 |
|  |  | 20149679 |
| **INDONESIA - 0.3%** |  |  |
| Bank Mandiri Persero Tbk PT - ADR | 87101 | 980757 |
| Telkom Indonesia Persero Tbk PT - ADR | 50040 | 934747 |
|  |  | 1915504 |
| **IRELAND - 0.5%** |  |  |
| AIB Group plc | 100681 | 1074737 |
| CRH plc | 11121 | 1169039 |
| Smurfit WestRock plc | 10065 | 401090 |
|  |  | 2644866 |
| **ISRAEL - 0.2%** |  |  |
| Check Point Software Technologies Ltd. <sup>(b)</sup> | 2999 | 428407 |
| ICL Group Ltd. <sup>(a)</sup> | 148461 | 769028 |
|  |  | 1197435 |
| **ITALY - 2.9%** |  |  |
| Enel S.p.A. | 63194 | 690861 |
| Generali | 24438 | 983137 |
| Intesa Sanpaolo S.p.A. - ADR | 2566 | 93890 |
| Intesa Sanpaolo S.p.A. | 455983 | 2757618 |
| Mediobanca Banca di Credito Finanziario S.p.A. | 49451 | 962205 |
| Moncler S.p.A. | 10592 | 637702 |
| Poste Italiane S.p.A. | 51414 | 1210171 |
| Prysmian S.p.A. - ADR | 2358 | 137118 |
| Prysmian S.p.A. | 7509 | 886709 |
| Snam S.p.A. | 250989 | 1901272 |
| Terna - Rete Elettrica Nazionale S.p.A. | 263787 | 3016916 |
| UniCredit S.p.A. | 49517 | 3552391 |
|  |  | 16829990 |
| **JAPAN - 14.9%** |  |  |
| Advantest Corp. | 19200 | 2649595 |
| Aeon Co. Ltd. | 76000 | 908606 |
| Asics Corp. | 16200 | 435517 |
| Astellas Pharma, Inc. | 48100 | 784078 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **JAPAN - 14.9% (Continued)** |  |  |
| Bandai Namco Holdings, Inc. | 22000 | $542722 |
| Bridgestone Corp. | 114112 | 2377777 |
| Brother Industries Ltd. | 29100 | 538702 |
| Canon, Inc. | 21200 | 588214 |
| Chugai Pharmaceutical Co. Ltd. | 15700 | 865788 |
| Dai Nippon Printing Co. Ltd. | 158036 | 2879270 |
| Daifuku Co. Ltd. | 17400 | 614347 |
| Dai-ichi Life Holdings, Inc. | 65384 | 602941 |
| Daiichi Sankyo Co. Ltd. | 28630 | 512184 |
| Daiwa House Industry Co. Ltd. | 58000 | 1819540 |
| Daiwa Securities Group, Inc. | 81800 | 775048 |
| Denso Corp. | 73600 | 922756 |
| Disco Corp. | 2500 | 1018907 |
| ENEOS Holdings, Inc. | 137900 | 1242435 |
| FANUC Corp. | 19900 | 693618 |
| Fast Retailing Co. Ltd. | 4900 | 1935924 |
| FUJIFILM Holdings Corp. - ADR | 15104 | 143941 |
| FUJIFILM Holdings Corp. | 5600 | 106706 |
| Fujikura Ltd. | 44400 | 1221029 |
| Fujitsu Ltd. | 48680 | 995488 |
| Honda Motor Co. Ltd. | 51700 | 418417 |
| Hoya Corp. - ADR | 1273 | 219758 |
| Hoya Corp. | 8261 | 1432058 |
| Hulic Co. Ltd. | 5000 | 58280 |
| Ibiden Co. Ltd. | 23000 | 1150874 |
| Inpex Corp. | 41000 | 1212698 |
| Kao Corp. | 18400 | 719018 |
| KDDI Corp. - ADR | 43814 | 734761 |
| Keyence Corp. | 4500 | 1601502 |
| Kubota Corp. | 88400 | 1416555 |
| Kyocera Corp. | 28900 | 443117 |
| Lasertec Corp. | 400 | 89025 |
| M3, Inc. | 17400 | 178591 |
| Mitsubishi Corp. | 66600 | 2284662 |
| Mitsubishi Estate Co. Ltd. | 36400 | 1010284 |
| Mitsubishi UFJ Financial Group, Inc. - ADR <sup>(a)</sup> | 5599 | 95015 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **JAPAN - 14.9% (Continued)** |  |  |
| Mitsubishi UFJ Financial Group, Inc. | 275109 | $4658443 |
| MS&AD Insurance Group Holdings, Inc. | 31500 | 821969 |
| Murata Manufacturing Co. Ltd. | 80100 | 1797131 |
| NEC Corp. | 51500 | 1281415 |
| Nexon Co. Ltd. | 11600 | 218495 |
| Nintendo Co. Ltd. - ADR <sup>(a)</sup> | 96172 | 1374298 |
| Nintendo Co. Ltd. | 3000 | 171248 |
| Nippon Prologis REIT, Inc. | 1003 | 541060 |
| Nippon Yusen KK | 12200 | 448142 |
| Nitori Holdings Co. Ltd. | 5200 | 82611 |
| Nomura Holdings, Inc. | 51900 | 408642 |
| Nomura Real Estate Holdings, Inc. | 56000 | 363074 |
| Nomura Real Estate Master Fund, Inc. | 271 | 267593 |
| Nomura Research Institute Ltd. | 10900 | 298292 |
| Oracle Corp. Japan | 3200 | 174210 |
| ORIX Corp. | 16800 | 498454 |
| Otsuka Holdings Co. Ltd. | 4100 | 290966 |
| Pan Pacific International Holdings Corp. | 106500 | 649644 |
| PDD Holdings, Inc. - ADR <sup>(b)</sup> | 8644 | 883244 |
| Recruit Holdings Co. Ltd - ADR | 4 | 36 |
| Recruit Holdings Co. Ltd. | 39450 | 1718749 |
| Resona Holdings, Inc. | 85600 | 976454 |
| Ricoh Co. Ltd. | 40800 | 344885 |
| Sekisui House Ltd. | 39500 | 885035 |
| Seven & i Holdings Co. Ltd. | 52200 | 702036 |
| Shimadzu Corp. | 47900 | 1138184 |
| Shimano, Inc. | 3000 | 313193 |
| Shin-Etsu Chemical Co. Ltd. | 17000 | 692185 |
| SoftBank Group Corp. - ADR <sup>(a)</sup> | 1688 | 20408 |
| SoftBank Group Corp. | 49600 | 1207687 |
| Sompo Holdings, Inc. | 12900 | 502149 |
| Sony Financial Group, Inc. - ADR <sup>(a)</sup> | 20338 | 91724 |
| Sony Financial Group, Inc. | 10000 | 9160 |
| Sony Group Corp. - ADR <sup>(a)</sup> | 101690 | 2104983 |
| Sony Group Corp. | 10000 | 208417 |
| Sumitomo Electric Industries Ltd. | 17200 | 977256 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **JAPAN - 14.9% (Continued)** |  |  |
| Sumitomo Mitsui Financial Group, Inc. - ADR <sup>(a)</sup> | 88295 | $1743826 |
| Sumitomo Mitsui Financial Group, Inc. | 39600 | 1301995 |
| Sumitomo Mitsui Trust Group, Inc. | 39200 | 1248717 |
| Takeda Pharmaceutical Co. Ltd. | 32800 | 1207894 |
| TDK Corp. | 79900 | 1037871 |
| Terumo Corp. | 21944 | 294798 |
| Toho Co. Ltd. | 15500 | 162800 |
| Tokio Marine Holdings, Inc. | 53500 | 2511216 |
| Tokyo Electron Ltd. - ADR | 3728 | 455636 |
| Tokyo Electron Ltd. | 7300 | 1813601 |
| TOPPAN Holdings, Inc. | 34400 | 907243 |
| Toray Industries, Inc. | 104200 | 742140 |
| Toyota Motor Corp. - ADR <sup>(a)</sup> | 15291 | 3151322 |
| USS Co. Ltd. | 90440 | 951273 |
| Yamaha Motor Co. Ltd. | 154500 | 1116113 |
| Yokogawa Electric Corp. | 43700 | 1350426 |
|  |  | 85358091 |
| **JERSEY - 0.2%** |  |  |
| Experian plc | 28283 | 978404 |
| **MEXICO - 1.0%** |  |  |
| Fomento Economico Mexicano S.A.B. de C.V. - ADR | 13198 | 1465770 |
| Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR | 5142 | 1269405 |
| Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR | 3153 | 1059818 |
| Grupo Financiero Banorte S.A.B. de C.V. - ADR | 14433 | 800454 |
| Wal-Mart de Mexico S.A.B. de C.V. - ADR | 27641 | 899162 |
|  |  | 5494609 |
| **NETHERLANDS - 2.2%** |  |  |
| Adyen N.V. <sup>(b)</sup> | 421 | 421341 |
| Akzo Nobel N.V. - ADR | 2 | 38 |
| Argenx SE - ADR <sup>(b)</sup> | 1526 | 1114361 |
| ASM International N.V. - ADR | 216 | 162838 |
| ASM International N.V. | 639 | 484312 |
| ASML Holding N.V. | 6705 | 8856165 |
| Havas N.V. <sup>(b)</sup> | 4677 | 81908 |
| Magnum Ice Cream Co. N.V. (The) <sup>(b)</sup> | 5885 | 87981 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **NETHERLANDS - 2.2% (Continued)** |  |  |
| Prosus N.V. | 23786 | $1101141 |
| Stellantis N.V. | 21320 | 153797 |
| Wolters Kluwer N.V. | 1707 | 127488 |
|  |  | 12591370 |
| **NEW ZEALAND - 0.1%** |  |  |
| Auckland International Airport Ltd. | 57418 | 262971 |
| **NORWAY - 1.5%** |  |  |
| Aker BP ASA | 66958 | 2476011 |
| DNB Bank ASA | 30272 | 947417 |
| Equinor ASA - ADR | 40962 | 1728596 |
| Norsk Hydro ASA | 254823 | 2716712 |
| Yara International ASA | 14637 | 855820 |
|  |  | 8724556 |
| **PORTUGAL - 0.3%** |  |  |
| Galp Energia SGPS S.A. | 67137 | 1609717 |
| Jeronimo Martins SGPS S.A. | 12929 | 309137 |
|  |  | 1918854 |
| **SINGAPORE - 1.5%** |  |  |
| BOC Aviation Ltd. | 208100 | 2076835 |
| CapitaLand Integrated Commercial Trust | 1373112 | 2462267 |
| CapitaLand Investment Ltd. | 281500 | 599182 |
| City Developments Ltd. | 152800 | 981475 |
| DBS Group Holdings Ltd. - ADR | 12531 | 2246432 |
|  |  | 8366191 |
| **SOUTH AFRICA - 1.5%** |  |  |
| Bid Corp. Ltd. | 24548 | 591402 |
| FirstRand Ltd. | 265164 | 1357726 |
| Gold Fields Ltd. - ADR | 16571 | 752324 |
| Mr Price Group Ltd. | 70832 | 647153 |
| MTN Group Ltd. | 49082 | 573227 |
| Naspers Ltd. - Class N - ADR <sup>(a)</sup> | 150275 | 1568871 |
| Reinet Investments SCA | 16974 | 551624 |
| Standard Bank Group Ltd. | 126812 | 2296986 |
| Valterra Platinum Ltd. | 4127 | 339082 |
|  |  | 8678395 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **SOUTH KOREA - 5.7%** |  |  |
| Celltrion, Inc. | 6631 | $902933 |
| KB Financial Group, Inc. - ADR <sup>(a)</sup> | 23099 | 2303663 |
| KB Financial Group, Inc. | 3184 | 318292 |
| KT Corp. - ADR | 39515 | 847597 |
| LG Chem Ltd. | 4745 | 987615 |
| LG Display Co. Ltd. - ADR <sup>(b)</sup> | 1 | 4 |
| NAVER Corp. | 10156 | 1408016 |
| POSCO Holdings, Inc. - ADR | 2 | 117 |
| POSCO Holdings, Inc. | 4656 | 1067534 |
| Samsung Electronics Co. Ltd. | 112556 | 13405504 |
| Shinhan Financial Group Co. Ltd. - ADR | 10792 | 661765 |
| Shinhan Financial Group Co. Ltd. | 15559 | 944300 |
| SK Hynix, Inc. | 13300 | 7683980 |
| SK Telecom Co. Ltd. - ADR | 2 | 59 |
| Woori Financial Group, Inc. - ADR | 34279 | 2282981 |
|  |  | 32814360 |
| **SPAIN - 3.1%** |  |  |
| Aena S.M.E. S.A. <sup>(b)</sup> | 55250 | 1634526 |
| Amadeus IT Group S.A. | 10027 | 573328 |
| Banco Bilbao Vizcaya Argentaria S.A. - ADR | 24792 | 536995 |
| Banco Bilbao Vizcaya Argentaria S.A. | 30123 | 650617 |
| Banco Santander S.A. | 51429 | 576532 |
| CaixaBank S.A. | 173802 | 2083393 |
| Cellnex Telecom S.A. | 4435 | 142600 |
| EDP Renovaveis S.A. | 45981 | 736947 |
| Iberdrola S.A. | 112778 | 2581852 |
| Industria de Diseno Textil S.A. | 39262 | 2285299 |
| International Consolidated Airlines Group S.A. | 68747 | 323515 |
| Naturgy Energy Group S.A. | 12657 | 379952 |
| Repsol S.A. | 170518 | 4799622 |
| Telefónica S.A. | 92766 | 405884 |
|  |  | 17711062 |
| **SWEDEN - 1.6%** |  |  |
| Atlas Copco AB - A Shares | 46116 | 813666 |
| Atlas Copco AB - Class A - ADR <sup>(a)</sup> | 5893 | 103776 |
| Boliden AB <sup>(b)</sup> | 39793 | 2085677 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **SWEDEN - 1.6% (Continued)** |  |  |
| Epiroc AB - Class A | 21893 | $538847 |
| Industrivarden AB - A Shares | 23389 | 1164723 |
| Investor AB - B Shares | 74604 | 2825138 |
| Securitas AB - B Shares | 19191 | 321356 |
| SKF AB - B Shares | 23849 | 574808 |
| Telefonaktiebolaget LM Ericsson - B Shares | 76365 | 870435 |
|  |  | 9298426 |
| **SWITZERLAND - 5.0%** |  |  |
| ABB Ltd. - ADR | 58667 | 4721520 |
| ABB Ltd. | 5783 | 470222 |
| Accelleron Industries AG | 1953 | 174637 |
| Amrize Ltd. <sup>(b)</sup> | 8532 | 472920 |
| Chocoladefabriken Lindt & Spruengli AG | 34 | 477445 |
| Galderma Group AG <sup>(b)</sup> | 1318 | 259041 |
| Geberit AG | 1300 | 877573 |
| Givaudan S.A. | 208 | 703379 |
| Holcim Ltd. | 8532 | 705298 |
| Julius Baer Group Ltd. | 9346 | 687462 |
| Logitech International S.A. <sup>(a)</sup> | 4776 | 435189 |
| Lonza Group AG | 2065 | 1324786 |
| Nestlé S.A. - ADR <sup>(a)</sup> | 33581 | 3327877 |
| Nestlé S.A. | 17327 | 1699687 |
| Roche Holding AG - ADR | 72096 | 3583892 |
| Roche Holding AG | 1846 | 736749 |
| Schindler Holding AG | 1446 | 455438 |
| Sika AG | 852 | 141027 |
| Sonova Holding AG | 457 | 104206 |
| Swiss Life Holding AG | 1691 | 1841929 |
| Swiss Re AG | 9611 | 1614490 |
| UBS Group AG | 39428 | 1537489 |
| UBS Group AG | 6351 | 248134 |
| Zurich Insurance Group AG - ADR | 53580 | 1902626 |
| Zurich Insurance Group AG | 492 | 347768 |
|  |  | 28850784 |
| **TAIWAN - 7.5%** |  |  |
| ASE Technology Holding Co. Ltd. - ADR | 223340 | 4842011 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **TAIWAN - 7.5% (Continued)** |  |  |
| AUO Corp. - ADR | 66947 | $284525 |
| Chunghwa Telecom Co. Ltd. - ADR <sup>(a)</sup> | 139591 | 5896324 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 85174 | 28784553 |
| United Microelectronics Corp. - ADR <sup>(a)</sup> | 375334 | 3370499 |
|  |  | 43177912 |
| **TURKEY - 0.2%** |  |  |
| Turkcell Iletisim Hizmetleri A.S. - ADR <sup>(a)</sup> | 155365 | 936851 |
| **UNITED KINGDOM - 8.2%** |  |  |
| 3i Group plc | 68813 | 2242612 |
| Anglo American plc | 16527 | 709573 |
| Antofagasta plc | 39339 | 1764079 |
| AstraZeneca plc - ADR | 23257 | 4586746 |
| Aviva plc | 75450 | 605496 |
| Barratt Redrow plc | 53275 | 185289 |
| Burberry Group plc <sup>(b)</sup> | 26668 | 390196 |
| Coca-Cola Europacific Partners plc | 21706 | 1968083 |
| Compass Group plc | 35682 | 995528 |
| GSK plc - ADR <sup>(a)</sup> | 48475 | 2675335 |
| GSK plc | 17282 | 476025 |
| Haleon plc - ADR <sup>(a)</sup> | 176269 | 1764453 |
| Halma plc - ADR | 618 | 64216 |
| Halma plc | 22626 | 1154584 |
| HSBC Holdings plc - ADR <sup>(a)</sup> | 52192 | 4305318 |
| HSBC Holdings plc | 27340 | 448979 |
| Informa plc | 116498 | 1170035 |
| J Sainsbury plc | 86209 | 388114 |
| Kingfisher plc | 105733 | 402019 |
| Legal & General Group plc | 110502 | 363135 |
| Lloyds Banking Group plc | 437921 | 542757 |
| London Stock Exchange Group plc | 7929 | 936287 |
| Mondi plc | 1 | 11 |
| National Grid plc - ADR | 31874 | 2696541 |
| NatWest Group plc | 148065 | 1096822 |
| PEARSON plc - ADR | 114298 | 1500733 |
| PEARSON plc | 24794 | 326870 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 97.8% (Continued)** | **Shares** | **Fair Value** |
| **UNITED KINGDOM - 8.2% (Continued)** |  |  |
| Reckitt Benckiser Group plc - ADR <sup>(b)</sup> | 19632 | $266995 |
| Reckitt Benckiser Group plc <sup>(b)</sup> | 3083 | 207295 |
| RELX plc - ADR <sup>(a)</sup> | 23055 | 764273 |
| RELX plc | 71603 | 2345807 |
| Rentokil Initial plc | 26851 | 166630 |
| Sage Group plc (The) - ADR | 2320 | 104145 |
| Sage Group plc (The) | 14027 | 157173 |
| Segro plc | 83211 | 713308 |
| Spirax Group plc | 3439 | 308516 |
| Sunbelt Rentals Holdings, Inc. | 15878 | 1012846 |
| Tesco plc - ADR | 293 | 5576 |
| Tesco plc | 162457 | 1021014 |
| Unilever plc - ADR <sup>(a)</sup> | 40800 | 2324376 |
| United Utilities Group plc | 168722 | 2941768 |
| Vodafone Group plc - ADR | 30290 | 454956 |
| Vodafone Group plc | 399124 | 602000 |
|  |  | 47156514 |
| **UNITED STATES - 0.1%** |  |  |
| Palo Alto Networks, Inc. <sup>(b)</sup> | 5153 | 826129 |
| **TOTAL COMMON STOCKS** (COST $310,302,597) |  | $560342797 |

---

---

| | | |
|:---|:---|:---|
| **PREFERRED STOCKS - 0.2%** | **Shares** | **Fair Value** |
| **BRAZIL - 0.2%** | | |
| Itau Unibanco Holding S.A. – ADR (COST $937,757) | 127255 | $1066397 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis International Index Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE NOTES - 0.7%** | **Coupon** | **Maturity** | **Par Value** | **Fair Value** |
| **COMMUNITY DEVELOPMENT - 0.7%** |  |  |  |  |
| Calvert Impact Capital, Inc. <sup>(c)</sup> | 4.000% | 06/15/28 | $620000 | $599701 |
| Calvert Impact Capital, Inc. <sup>(c)</sup> | 5.000% | 12/15/28 | 200000 | 196829 |
| Calvert Impact Capital, Inc. <sup>(c)</sup> | 5.000% | 06/15/29 | 880000 | 858594 |
| Calvert Impact Capital, Inc. <sup>(c)</sup> | 4.500% | 12/14/29 | 180000 | 172919 |
| Calvert Impact Capital, Inc. <sup>(c)</sup> | 4.500% | 06/14/30 | 830000 | 787294 |
| Calvert Impact Capital, Inc. <sup>(c)</sup> | 4.500% | 12/13/30 | 530000 | 503031 |
| Capital Impact Partners Investment <sup>(c)</sup> | 4.500% | 06/15/26 | 830000 | 830696 |
| Capital Impact Partners Investment <sup>(c)</sup> | 5.000% | 12/15/26 | 300000 | 300736 |
| **TOTAL CORPORATE NOTES** (COST $4,370,000) |  |  |  | $4249800 |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 0.8%** | **Shares** | **Fair Value** |
| First American Government Obligations Fund - Class X, 3.58% <sup>(d)</sup> (COST $4,635,198) | 4635198 | $4635198 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis International Index Fund***

---

| | | |
|:---|:---|:---|
| **INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 9.2%** | **Shares** | **Fair Value** |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.74% <sup>(d)(e)</sup> (COST $52,860,301) | 52860301 | $52860301 |
| **TOTAL INVESTMENTS -** (COST $373,105,853) **- 108.7%** |  | $623154493 |
| **LIABILITES IN EXCESS OF OTHER ASSETS - (8.7%)** |  | (50028845) |
| **NET ASSETS - 100.0%** |  | $573125648 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $52,209,718.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> Illiquid securities are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>Date | Current <br>Cost | Fair <br>Value | % of Net <br>Assets |
| Calvert Impact Capital, Inc., 4.000%, 06/15/28 | 06/15/23 | $620000 | $599701 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 12/15/28 | 12/15/23 | 200000 | 196829 | 0.0 %<sup>(f)</sup> |
| Calvert Impact Capital, Inc., 5.000%, 06/15/29 | 06/14/24 | 880000 | 858594 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/14/29 | 12/13/24 | 180000 | 172919 | 0.0 %<sup>(f)</sup> |
| Calvert Impact Capital, Inc., 4.500%, 06/14/30 | 06/13/25 | 830000 | 787294 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/13/30 | 12/15/25 | 530000 | 503031 | 0.1% |
| Capital Impact Partners Investment, 4.500%, 06/15/26 | 06/17/25 | 830000 | 830696 | 0.2% |
| Capital Impact Partners Investment, 5.000%, 12/15/26 | 12/15/23 | 300000 | 300736 | 0.1% |
|  |  | $4370000 | $4249800 | 0.7% |

---

<sup>(d)</sup> The rate shown is the 7-day effective yield as of March 31, 2026.

<sup>(e)</sup> The security was purchased with cash collateral received from securities on loan.

<sup>(f)</sup> Percentage rounds to less than 0.1%.

ADR - American Depositary Receipt

plc - Public Liability Company

REIT - Real Estate Investment Trust

**Schedule of Portfolio Investments**

***Praxis Value Index Fund***

***March 31, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1%** | **Shares** | **Fair Value** |
| AEROSPACE & DEFENSE - 0.7% |  |  |
| HEICO Corp. | 4380 | $1200996 |
| HEICO Corp. - Class A | 11050 | 2332545 |
| Howmet Aerospace, Inc. | 1620 | 373345 |
|  |  | 3906886 |
| APPAREL & TEXTILE PRODUCTS - 0.1% |  |  |
| NIKE, Inc. - Class B | 11783 | 622378 |
| ASSET MANAGEMENT - 1.6% |  |  |
| Ameriprise Financial, Inc. | 1540 | 684376 |
| BlackRock, Inc. | 3332 | 3204418 |
| Charles Schwab Corp. (The) | 35800 | 3364484 |
| KKR & Co., Inc. | 10006 | 925555 |
| Raymond James Financial, Inc. | 2080 | 301163 |
|  |  | 8479996 |
| AUTOMOTIVE - 0.3% |  |  |
| Ford Motor Co. | 123775 | 1428364 |
| Tesla, Inc. <sup>(a)</sup> | 767 | 285132 |
|  |  | 1713496 |
| BANKING - 8.7% |  |  |
| Bank of America Corp. | 173310 | 8448863 |
| Citigroup, Inc. | 50406 | 5716544 |
| Citizens Financial Group, Inc. | 12820 | 768815 |
| Fifth Third Bancorp | 18470 | 858116 |
| Huntington Bancshares, Inc. | 48680 | 761842 |
| JPMorgan Chase & Co. | 71665 | 21080976 |
| KeyCorp | 36140 | 724607 |
| M&T Bank Corp. | 8184 | 1691797 |
| PNC Financial Services Group, Inc. (The) | 11121 | 2314169 |
| Regions Financial Corp. | 36930 | 964612 |
| Truist Financial Corp. | 47920 | 2202882 |
| U.S. Bancorp | 34100 | 1773541 |
|  |  | 47306764 |
| BEVERAGES - 2.7% |  |  |
| Coca-Cola Co. (The) | 105220 | 8001981 |
| Keurig Dr Pepper, Inc. | 35307 | 929634 |
| PepsiCo, Inc. | 36418 | 5655351 |
|  |  | 14586966 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| BIOTECH & PHARMA - 8.5% |  |  |
| AbbVie, Inc. | 45710 | $9941468 |
| Amgen, Inc. | 12830 | 4514235 |
| Biogen, Inc. <sup>(a)</sup> | 3450 | 632489 |
| Bristol-Myers Squibb Co. | 41770 | 2533351 |
| Eli Lilly & Co. | 500 | 459885 |
| Gilead Sciences, Inc. | 34790 | 4848682 |
| Johnson & Johnson | 55943 | 13674707 |
| Merck & Co., Inc. | 63063 | 7585848 |
| Regeneron Pharmaceuticals, Inc. | 2252 | 1739985 |
|  |  | 45930650 |
| CABLE & SATELLITE - 0.7% |  |  |
| Charter Communications, Inc. - Class A <sup>(a)(b)</sup> | 1440 | 310867 |
| Comcast Corp. - Class A | 127800 | 3669138 |
|  |  | 3980005 |
| CHEMICALS - 2.3% |  |  |
| Air Products & Chemicals, Inc. | 3870 | 1124196 |
| Dow, Inc. <sup>(b)</sup> | 21902 | 912218 |
| Ecolab, Inc. | 2840 | 755497 |
| International Flavors & Fragrances, Inc. | 4128 | 299487 |
| Linde plc | 9600 | 4759296 |
| LyondellBasell Industries N.V. - Class A | 50642 | 4079720 |
| Qnity Electronics, Inc. | 3564 | 411214 |
|  |  | 12341628 |
| COMMERCIAL SUPPORT SERVICES - 1.5% |  |  |
| Republic Services, Inc. | 13053 | 2858868 |
| Waste Connections, Inc. | 10535 | 1711305 |
| Waste Management, Inc. | 15231 | 3499932 |
|  |  | 8070105 |
| CONSTRUCTION MATERIALS - 0.4% |  |  |
| CRH plc | 15980 | 1679817 |
| Martin Marietta Materials, Inc. <sup>(b)</sup> | 760 | 447397 |
|  |  | 2127214 |
| CONTAINERS & PACKAGING - 0.2% |  |  |
| International Paper Co. <sup>(b)</sup> | 13162 | 469883 |
| Packaging Corp. of America | 2530 | 536917 |
|  |  | 1006800 |
| DIVERSIFIED INDUSTRIALS - 1.6% |  |  |
| Dover Corp. | 6723 | 1401409 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| DIVERSIFIED INDUSTRIALS - 1.6% (Continued) |  |  |
| Emerson Electric Co. | 19394 | $2541002 |
| Illinois Tool Works, Inc. <sup>(b)</sup> | 19211 | 5000431 |
|  |  | 8942842 |
| E-COMMERCE DISCRETIONARY - 0.3% |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 2544 | 529839 |
| eBay, Inc. | 12910 | 1175068 |
|  |  | 1704907 |
| ELECTRIC UTILITIES - 4.7% |  |  |
| American Electric Power Co., Inc. | 11980 | 1570338 |
| CenterPoint Energy, Inc. | 10020 | 432463 |
| Consolidated Edison, Inc. | 10621 | 1202085 |
| Dominion Energy, Inc. | 17170 | 1061449 |
| DTE Energy Co. | 4300 | 628746 |
| Duke Energy Corp. | 30409 | 3981755 |
| Edison International | 14514 | 1062135 |
| Entergy Corp. | 8670 | 974161 |
| Eversource Energy | 6247 | 432792 |
| Exelon Corp. | 19100 | 936282 |
| FirstEnergy Corp. | 8440 | 427570 |
| NextEra Energy, Inc. | 48316 | 4487590 |
| PPL Corp. | 22540 | 861028 |
| Sempra | 22746 | 2210229 |
| Southern Co. (The) | 34801 | 3358993 |
| Vistra Corp. | 2903 | 436408 |
| WEC Energy Group, Inc. | 4050 | 468869 |
| Xcel Energy, Inc. | 9014 | 716072 |
|  |  | 25248965 |
| ELECTRICAL EQUIPMENT - 3.9% |  |  |
| AMETEK, Inc. | 7484 | 1604270 |
| Carrier Global Corp. | 21394 | 1204696 |
| Fortive Corp. | 20275 | 1120802 |
| Hubbell, Inc. | 1176 | 577110 |
| Johnson Controls International plc | 31287 | 4097033 |
| Keysight Technologies, Inc. <sup>(a)</sup> | 4027 | 1137104 |
| Otis Worldwide Corp. | 13433 | 1035416 |
| Rockwell Automation, Inc. | 9390 | 3369883 |
| TE Connectivity plc | 12870 | 2690088 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| ELECTRICAL EQUIPMENT - 3.9% (Continued) |  |  |
| Trane Technologies plc | 10350 | $4313259 |
|  |  | 21149661 |
| ENTERTAINMENT CONTENT - 1.3% |  |  |
| Electronic Arts, Inc. | 4550 | 927609 |
| Fox Corp. - Class B | 8540 | 453474 |
| Walt Disney Co. (The) | 44280 | 4267706 |
| Warner Bros. Discovery, Inc. <sup>(a)</sup> | 54292 | 1490858 |
|  |  | 7139647 |
| FOOD - 0.9% |  |  |
| Kraft Heinz Co. (The) | 62325 | 1401689 |
| McCormick & Co., Inc. | 5902 | 297697 |
| Mondelez International, Inc. - Class A <sup>(b)</sup> | 52080 | 3001891 |
| Tyson Foods, Inc. - Class A | 4735 | 303372 |
|  |  | 5004649 |
| GAS & WATER UTILITIES - 0.3% |  |  |
| American Water Works Co., Inc. | 12748 | 1734875 |
| HEALTH CARE FACILITIES & SERVICES - 3.2% |  |  |
| Cardinal Health, Inc. | 12030 | 2542059 |
| Cencora, Inc. | 5450 | 1712063 |
| Centene Corp. <sup>(a)</sup> | 19423 | 635909 |
| Cigna Group (The) | 7053 | 1881388 |
| CVS Health Corp. | 31342 | 2250983 |
| Elevance Health, Inc. | 4820 | 1411055 |
| Humana, Inc. | 1613 | 279678 |
| IQVIA Holdings, Inc. <sup>(a)</sup> | 2589 | 441528 |
| Labcorp Holdings, Inc. | 4820 | 1286024 |
| McKesson Corp. | 3834 | 3317790 |
| Quest Diagnostics, Inc. | 8530 | 1671710 |
|  |  | 17430187 |
| HOME CONSTRUCTION - 0.1% |  |  |
| D.R. Horton, Inc. | 1940 | 266207 |
| PulteGroup, Inc. | 4530 | 532773 |
|  |  | 798980 |
| HOUSEHOLD PRODUCTS - 2.7% |  |  |
| Church & Dwight Co., Inc. | 10045 | 937399 |
| Colgate-Palmolive Co. | 21467 | 1829633 |
| Estée Lauder Cos., Inc. (The) - Class A | 10860 | 779422 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| HOUSEHOLD PRODUCTS - 2.7% (Continued) |  |  |
| Kenvue, Inc. | 15405 | $265582 |
| Procter & Gamble Co. (The) | 76006 | 10978307 |
|  |  | 14790343 |
| INDUSTRIAL SUPPORT SERVICES - 0.6% |  |  |
| Fastenal Co. | 13360 | 619904 |
| Ferguson Enterprises, Inc. | 3720 | 867727 |
| United Rentals, Inc. <sup>(b)</sup> | 1120 | 815987 |
| W.W. Grainger, Inc. | 870 | 949005 |
|  |  | 3252623 |
| INSTITUTIONAL FINANCIAL SERVICES - 4.6% |  |  |
| Bank of New York Mellon Corp. (The) | 32984 | 3912892 |
| CME Group, Inc. | 8040 | 2374614 |
| Goldman Sachs Group, Inc. (The) | 8730 | 7385493 |
| Intercontinental Exchange, Inc. | 16126 | 2536297 |
| Morgan Stanley | 32291 | 5314130 |
| Nasdaq, Inc. | 7520 | 638373 |
| Northern Trust Corp. | 10217 | 1425987 |
| State Street Corp. | 8990 | 1137774 |
|  |  | 24725560 |
| INSURANCE - 6.4% |  |  |
| Aflac, Inc. | 21650 | 2375221 |
| Allstate Corp. (The) | 12509 | 2593616 |
| American International Group, Inc. | 19777 | 1488219 |
| Aon plc - Class A | 4406 | 1422169 |
| Arch Capital Group Ltd. <sup>(a)</sup> | 11250 | 1079887 |
| Arthur J. Gallagher & Co. | 5628 | 1218912 |
| Berkley (W.R.) Corp. | 14737 | 976768 |
| Brown & Brown, Inc. | 9530 | 621451 |
| Chubb Ltd. | 12990 | 4233831 |
| Cincinnati Financial Corp. | 8657 | 1362179 |
| Hartford Insurance Group, Inc. (The) | 10830 | 1464541 |
| Loews Corp. | 5440 | 580666 |
| Markel Group, Inc. <sup>(a)</sup> | 853 | 1632702 |
| Marsh & McLennan Cos., Inc. | 13432 | 2329780 |
| MetLife, Inc. | 23723 | 1677691 |
| Principal Financial Group, Inc. | 9570 | 862353 |
| Progressive Corp. (The) | 17931 | 3554641 |
| Prudential Financial, Inc. | 13740 | 1342261 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| INSURANCE - 6.4% (Continued) |  |  |
| Travelers Cos., Inc. (The) | 9403 | $2742667 |
| Willis Towers Watson plc | 3661 | 1064253 |
|  |  | 34623808 |
| INTERNET MEDIA & SERVICES - 0.3% |  |  |
| Alphabet, Inc. - Class C | 3320 | 952375 |
| Booking Holdings, Inc. | 123 | 517869 |
| Meta Platforms, Inc. - Class A | 660 | 377606 |
|  |  | 1847850 |
| LEISURE FACILITIES & SERVICES - 0.6% |  |  |
| Carnival Corp. | 18750 | 485250 |
| McDonald's Corp. | 5076 | 1577570 |
| Royal Caribbean Cruises Ltd. | 2400 | 660432 |
| Starbucks Corp. | 7156 | 641106 |
|  |  | 3364358 |
| MACHINERY - 1.6% |  |  |
| Deere & Co. <sup>(b)</sup> | 8287 | 4668067 |
| Ingersoll-Rand, Inc. | 20600 | 1650472 |
| Veralto Corp. | 5569 | 492411 |
| Xylem, Inc. | 14930 | 1784135 |
|  |  | 8595085 |
| MEDICAL EQUIPMENT & DEVICES - 4.0% |  |  |
| Abbott Laboratories | 38698 | 3973124 |
| Becton, Dickinson and Co. <sup>(b)</sup> | 3317 | 521532 |
| Boston Scientific Corp. <sup>(a)</sup> | 21060 | 1321515 |
| Danaher Corp. | 21642 | 4103323 |
| Edwards Lifesciences Corp. <sup>(a)</sup> | 13783 | 1103743 |
| GE HealthCare Technologies, Inc. | 1910 | 135954 |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 1510 | 696095 |
| Medline, Inc. - Class A <sup>(a)(b)</sup> | 8113 | 361028 |
| Medtronic plc | 33790 | 2927903 |
| Stryker Corp. <sup>(b)</sup> | 3450 | 1133636 |
| Thermo Fisher Scientific, Inc. | 10955 | 5384711 |
| Waters Corp. <sup>(a)</sup> | 448 | 133414 |
|  |  | 21795978 |
| METALS & MINING - 0.8% |  |  |
| Newmont Corp. | 38112 | 4125624 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| OIL & GAS PRODUCERS - 6.8% |  |  |
| ConocoPhillips | 72175 | $9527100 |
| Devon Energy Corp. | 44403 | 2234359 |
| Diamondback Energy, Inc. <sup>(b)</sup> | 6599 | 1305216 |
| EOG Resources, Inc. | 38146 | 5514767 |
| EQT Corp. | 4151 | 264170 |
| Kinder Morgan, Inc. | 124014 | 4158189 |
| ONEOK, Inc. | 19710 | 1781587 |
| Phillips 66 | 25043 | 4562334 |
| Valero Energy Corp. | 17209 | 4252000 |
| Williams Cos., Inc. (The) | 43780 | 3186308 |
|  |  | 36786030 |
| OIL & GAS SERVICES & EQUIPMENT - 1.2% |  |  |
| Baker Hughes Co. | 54184 | 3307933 |
| SLB Ltd. | 64581 | 3318818 |
|  |  | 6626751 |
| PUBLISHING & BROADCASTING - 0.0% <sup>(c)</sup> |  |  |
| TKO Group Holdings, Inc. | 689 | 138937 |
| REAL ESTATE SERVICES - 0.2% |  |  |
| CBRE Group, Inc. - Class A <sup>(a)</sup> | 7370 | 998340 |
| REITS - 2.0% |  |  |
| American Tower Corp. | 6751 | 1165087 |
| Crown Castle, Inc. | 2442 | 198559 |
| Digital Realty Trust, Inc. | 6060 | 1092073 |
| Iron Mountain, Inc. | 12047 | 1230481 |
| Prologis, Inc. | 19841 | 2622583 |
| Public Storage | 1300 | 352144 |
| Realty Income Corp. | 10720 | 655850 |
| Simon Property Group, Inc. | 7319 | 1365213 |
| Ventas, Inc. | 9610 | 785906 |
| Welltower, Inc. | 2990 | 591153 |
| Weyerhaeuser Co. | 21764 | 531694 |
|  |  | 10590743 |
| RENEWABLE ENERGY - 0.1% |  |  |
| First Solar, Inc. <sup>(a)</sup> | 2655 | 523725 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| RETAIL - CONSUMER STAPLES - 3.4% |  |  |
| Costco Wholesale Corp. | 1230 | $1225609 |
| Dollar General Corp. | 3010 | 357377 |
| Dollar Tree, Inc. <sup>(a)</sup> | 4360 | 477464 |
| Kroger Co. (The) <sup>(b)</sup> | 20514 | 1484393 |
| Target Corp. <sup>(b)</sup> | 4974 | 602849 |
| Walmart, Inc. | 114080 | 14177862 |
|  |  | 18325554 |
| RETAIL - DISCRETIONARY - 2.4% |  |  |
| AutoZone, Inc. <sup>(a)</sup> | 156 | 526934 |
| Home Depot, Inc. (The) | 23763 | 7815413 |
| Lowe's Cos., Inc. | 15205 | 3592637 |
| Ross Stores, Inc. | 1881 | 407481 |
| Ulta Beauty, Inc. <sup>(a)</sup> | 981 | 512779 |
|  |  | 12855244 |
| SEMICONDUCTORS - 4.4% |  |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 1679 | 341559 |
| Applied Materials, Inc. | 9057 | 3095592 |
| Broadcom, Inc. | 3344 | 1035001 |
| Intel Corp. <sup>(a)</sup> | 92636 | 4088027 |
| Microchip Technology, Inc. | 4170 | 269424 |
| Micron Technology, Inc. | 25754 | 8700731 |
| NVIDIA Corp. | 1643 | 286539 |
| ON Semiconductor Corp. <sup>(a)</sup> | 6327 | 391768 |
| QUALCOMM, Inc. | 24460 | 3149959 |
| Texas Instruments, Inc. | 12214 | 2371226 |
|  |  | 23729826 |
| SOFTWARE - 1.4% |  |  |
| Microsoft Corp. | 7740 | 2865116 |
| Oracle Corp. | 8432 | 1240432 |
| Roper Technologies, Inc. | 3740 | 1323436 |
| Salesforce, Inc. | 8042 | 1501200 |
| Strategy, Inc. - Class A <sup>(a)(b)</sup> | 3884 | 484723 |
| Zoom Communications, Inc. <sup>(a)</sup> | 3680 | 295835 |
|  |  | 7710742 |
| SPECIALTY FINANCE - 1.2% |  |  |
| American Express Co. | 9744 | 2947365 |
| Capital One Financial Corp. | 15730 | 2869624 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| SPECIALTY FINANCE - 1.2% (Continued) |  |  |
| Synchrony Financial | 9950 | $676799 |
|  |  | 6493788 |
| STEEL - 0.3% |  |  |
| Nucor Corp. | 6410 | 1083931 |
| Steel Dynamics, Inc. | 3010 | 541800 |
|  |  | 1625731 |
| TECHNOLOGY HARDWARE - 3.4% |  |  |
| Apple, Inc. | 4323 | 1097134 |
| Arista Networks, Inc. <sup>(a)</sup> | 2770 | 340101 |
| Cisco Systems, Inc. | 98040 | 7606924 |
| Corning, Inc. | 30320 | 4122610 |
| Dell Technologies, Inc. - Class C | 8240 | 1352431 |
| Hewlett Packard Enterprise Co. | 30160 | 718110 |
| HP, Inc. | 16750 | 321767 |
| Seagate Technology Holdings plc | 2560 | 1002906 |
| Western Digital Corp. | 5923 | 1602112 |
|  |  | 18164095 |
| TECHNOLOGY SERVICES - 1.5% |  |  |
| Accenture plc - Class A | 17477 | 3465514 |
| Automatic Data Processing, Inc. | 6227 | 1265202 |
| Cognizant Technology Solutions Corp. - Class A | 4450 | 273007 |
| Fiserv, Inc. <sup>(a)</sup> | 8480 | 473184 |
| Global Payments, Inc. | 1646 | 110776 |
| Paychex, Inc. | 3334 | 307128 |
| PayPal Holdings, Inc. | 6076 | 274817 |
| S&P Global, Inc. | 2994 | 1273468 |
| Verisk Analytics, Inc. | 2597 | 492781 |
| Visa, Inc. - Class A | 1440 | 435226 |
|  |  | 8371103 |
| TELECOMMUNICATIONS - 2.1% |  |  |
| AT&T, Inc. | 174986 | 5072844 |
| T-Mobile US, Inc. | 4527 | 950806 |
| Verizon Communications, Inc. | 108835 | 5463517 |
|  |  | 11487167 |
| TRANSPORTATION & LOGISTICS - 2.3% |  |  |
| CSX Corp. | 29639 | 1216681 |
| Delta Air Lines, Inc. | 22800 | 1515744 |
| FedEx Corp. | 6170 | 2197630 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.1% (Continued)** | **Shares** | **Fair Value** |
| TRANSPORTATION & LOGISTICS - 2.3% (Continued) |  |  |
| Norfolk Southern Corp. | 5330 | $1529710 |
| Southwest Airlines Co. <sup>(b)</sup> | 24245 | 910885 |
| Union Pacific Corp. | 11880 | 2882326 |
| United Airlines Holdings, Inc. <sup>(a)</sup> | 11600 | 1068012 |
| United Parcel Service, Inc. - Class B | 12242 | 1204368 |
|  |  | 12525356 |
| TRANSPORTATION EQUIPMENT - 0.5% |  |  |
| PACCAR, Inc. | 14850 | 1715175 |
| Westinghouse Air Brake Technologies Corp. | 3020 | 754728 |
|  |  | 2469903 |
| WHOLESALE - CONSUMER STAPLES - 0.3% |  |  |
| Archer-Daniels-Midland Co. | 14071 | 1022821 |
| Sysco Corp. | 7490 | 534262 |
|  |  | 1557083 |
| **TOTAL COMMON STOCKS** (COST $343,201,988) |  | $537328948 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE NOTES - 0.8%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| COMMUNITY DEVELOPMENT - 0.8% |  |  |  |  |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.000% | 06/15/28 | $350000 | $338541 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 5.000% | 12/15/28 | 800000 | 787317 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 5.000% | 06/15/29 | 830000 | 809810 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 12/14/29 | 150000 | 144099 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 06/14/30 | 290000 | 275079 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 12/13/30 | 600000 | 569469 |
| Capital Impact Partners Investment <sup>(d)</sup> | 4.500% | 06/15/26 | 290000 | 290243 |
| Capital Impact Partners Investment <sup>(d)</sup> | 5.000% | 12/15/26 | 1000000 | 1002454 |
| **TOTAL CORPORATE NOTES** (COST $4,310,000) |  |  |  | $4217012 |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 0.0% <sup>(c)</sup>** | **Shares** | **Fair Value** |
| First American Government Obligations Fund - Class X, 3.58% <sup>(e)</sup> (COST $242,992) | 242992 | $242992 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Value Index Fund***

---

| | | |
|:---|:---|:---|
| **INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 2.6%** | **Shares** | **Fair Value** |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.74% <sup>(e)(f)</sup> (COST $13,801,368) | 13801368 | $13801368 |
| **TOTAL INVESTMENTS** - (COST $361,556,348) **- 102.5%** |  | $555590320 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (2.5%)** |  | (13443008) |
| **NET ASSETS - 100.0%** |  | $542147312 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $13,602,278.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

<sup>(d)</sup> Illiquid securities are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>Date | Current <br>Cost | Fair <br>Value | % of Net <br>Assets |
| Calvert Impact Capital, Inc., 4.000%, 06/15/28 | 06/15/23 | $350000 | $338541 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 12/15/28 | 12/15/23 | 800000 | 787317 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 06/15/29 | 06/14/24 | 830000 | 809810 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/14/29 | 12/13/24 | 150000 | 144099 | 0.0 %<sup>(c)</sup> |
| Calvert Impact Capital, Inc., 4.500%, 06/14/30 | 06/13/25 | 290000 | 275079 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/13/30 | 12/15/25 | 600000 | 569469 | 0.1% |
| Capital Impact Partners Investment, 4.500%, 06/15/26 | 06/17/25 | 290000 | 290243 | 0.1% |
| Capital Impact Partners Investment, 5.000%, 12/15/26 | 12/15/23 | 1000000 | 1002454 | 0.2% |
|  |  | $4310000 | $4217012 | 0.8% |

---

<sup>(e)</sup> The rate shown is the 7-day effective yield as of March 31, 2026.

<sup>(f)</sup> The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

**Schedule of Portfolio Investments**

***Praxis Growth Index Fund***

***March 31, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6%** | **Shares** | **Fair Value** |
| ADVERTISING & MARKETING - 0.1% |  |  |
| Trade Desk, Inc. (The) - Class A <sup>(a)</sup> | 22683 | $514677 |
| AEROSPACE & DEFENSE - 0.4% |  |  |
| HEICO Corp. | 3838 | 1052380 |
| Howmet Aerospace, Inc. | 8650 | 1993479 |
|  |  | 3045859 |
| ASSET MANAGEMENT - 0.3% |  |  |
| Robinhood Markets, Inc. - Class A <sup>(a)</sup> | 34060 | 2360358 |
| AUTOMOTIVE - 3.4% |  |  |
| Tesla, Inc. <sup>(a)</sup> | 63006 | 23422481 |
| BEVERAGES - 0.2% |  |  |
| PepsiCo, Inc. | 7760 | 1205050 |
| BIOTECH & PHARMA - 3.6% |  |  |
| AbbVie, Inc. | 7461 | 1622693 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup> | 2970 | 982684 |
| Eli Lilly & Co. | 20910 | 19232391 |
| Insmed, Inc. <sup>(a)</sup> | 2913 | 476334 |
| Merck & Co., Inc. <sup>(b)</sup> | 7191 | 865005 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 4274 | 1908512 |
|  |  | 25087619 |
| CHEMICALS - 0.5% |  |  |
| Linde plc | 7048 | 3494116 |
| COMMERCIAL SUPPORT SERVICES - 0.1% |  |  |
| Cintas Corp. | 3600 | 608904 |
| DIVERSIFIED INDUSTRIALS - 0.1% |  |  |
| Illinois Tool Works, Inc. <sup>(b)</sup> | 1554 | 404491 |
| E-COMMERCE DISCRETIONARY - 4.6% |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 148466 | 30921014 |
| eBay, Inc. | 8540 | 777311 |
|  |  | 31698325 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6% (Continued)** | **Shares** | **Fair Value** |
| ELECTRICAL EQUIPMENT - 2.4% |  |  |
| Amphenol Corp. - Class A | 26986 | $3409681 |
| Bloom Energy Corp. - Class A <sup>(a)</sup> | 5776 | 782590 |
| GE Vernova, Inc. | 5900 | 5150110 |
| Keysight Technologies, Inc. <sup>(a)</sup> | 3981 | 1124115 |
| Rockwell Automation, Inc. | 2288 | 821118 |
| Trane Technologies plc | 5710 | 2379585 |
| Veritiv Holdings Co. - Class A | 10544 | 2642116 |
|  |  | 16309315 |
| ENGINEERING & CONSTRUCTION - 0.3% |  |  |
| Comfort Systems USA, Inc. | 238 | 328200 |
| Quanta Services, Inc. | 3128 | 1717334 |
|  |  | 2045534 |
| ENTERTAINMENT CONTENT - 0.5% |  |  |
| AppLovin Corp. - Class A <sup>(a)</sup> | 6660 | 2650680 |
| Electronic Arts, Inc. | 3445 | 702332 |
|  |  | 3353012 |
| HEALTH CARE FACILITIES & SERVICES - 0.3% |  |  |
| Cencora, Inc. | 2140 | 672259 |
| McKesson Corp. | 1910 | 1652838 |
|  |  | 2325097 |
| HOUSEHOLD PRODUCTS - 0.0% <sup>(c)</sup> |  |  |
| Colgate-Palmolive Co. | 4057 | 345778 |
| INDUSTRIAL SUPPORT SERVICES - 0.5% |  |  |
| Fastenal Co. | 12106 | 561719 |
| W.W. Grainger, Inc. | 2530 | 2759749 |
|  |  | 3321468 |
| INSTITUTIONAL FINANCIAL SERVICES - 0.4% |  |  |
| Coinbase Global, Inc. - Class A <sup>(a)</sup> | 2937 | 512830 |
| Interactive Brokers Group, Inc. - Class A | 25416 | 1704651 |
| Nasdaq, Inc. | 8490 | 720716 |
|  |  | 2938197 |
| INSURANCE - 0.3% |  |  |
| Brown & Brown, Inc. | 10274 | 669967 |
| Progressive Corp. (The) | 5690 | 1127986 |
|  |  | 1797953 |
| INTERNET MEDIA & SERVICES - 17.1% |  |  |
| Airbnb, Inc. - Class A <sup>(a)</sup> | 10831 | 1367739 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6% (Continued)** | **Shares** | **Fair Value** |
| INTERNET MEDIA & SERVICES - 17.1% (Continued) |  |  |
| Alphabet, Inc. - Class A | 124440 | $35783966 |
| Alphabet, Inc. - Class C | 97310 | 27914347 |
| Booking Holdings, Inc. | 1136 | 4782923 |
| DoorDash, Inc. - Class A <sup>(a)(b)</sup> | 10120 | 1519518 |
| Expedia Group, Inc. | 3256 | 751778 |
| GoDaddy, Inc. - Class A <sup>(a)</sup> | 4345 | 359201 |
| Meta Platforms, Inc. - Class A | 50610 | 28955499 |
| Netflix, Inc. <sup>(a)</sup> | 108094 | 10393238 |
| Reddit, Inc. - Class A <sup>(a)</sup> | 4904 | 660324 |
| ROBLOX Corp. - Class A <sup>(a)</sup> | 19330 | 1093305 |
| Uber Technologies, Inc. <sup>(a)</sup> | 50480 | 3631026 |
| VeriSign, Inc. | 4711 | 1170024 |
|  |  | 118382888 |
| LEISURE FACILITIES & SERVICES - 1.5% |  |  |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup> | 25068 | 802427 |
| Hilton Worldwide Holdings, Inc. | 7350 | 2234988 |
| Live Nation Entertainment, Inc. <sup>(a)(b)</sup> | 3326 | 507248 |
| Marriott International, Inc. - Class A | 4660 | 1524146 |
| McDonald's Corp. | 5969 | 1855105 |
| Rocket Lab Corp. <sup>(a)</sup> | 13648 | 876475 |
| Royal Caribbean Cruises Ltd. | 4160 | 1144749 |
| Starbucks Corp. | 13753 | 1232131 |
|  |  | 10177269 |
| LEISURE PRODUCTS - 0.1% |  |  |
| Axon Enterprise, Inc. <sup>(a)</sup> | 1360 | 577578 |
| MACHINERY - 0.4% |  |  |
| Deere & Co. <sup>(b)</sup> | 3936 | 2217149 |
| Veralto Corp. | 8624 | 762534 |
|  |  | 2979683 |
| MEDICAL EQUIPMENT & DEVICES - 2.2% |  |  |
| Agilent Technologies, Inc. | 4905 | 559072 |
| Boston Scientific Corp. <sup>(a)</sup> | 29440 | 1847360 |
| Danaher Corp. | 9764 | 1851254 |
| DexCom, Inc. <sup>(a)</sup> | 5122 | 321662 |
| IDEXX Laboratories, Inc. <sup>(a)</sup> | 1700 | 955213 |
| Intuitive Surgical, Inc. <sup>(a)</sup> | 7448 | 3433454 |
| Mettler-Toledo International, Inc. <sup>(a)</sup> | 550 | 693660 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6% (Continued)** | **Shares** | **Fair Value** |
| MEDICAL EQUIPMENT & DEVICES - 2.2% (Continued) |  |  |
| ResMed, Inc. <sup>(b)</sup> | 2090 | $469163 |
| Stryker Corp. <sup>(b)</sup> | 3549 | 1166166 |
| Thermo Fisher Scientific, Inc. | 6355 | 3123673 |
| Waters Corp. <sup>(a)</sup> | 1646 | 490179 |
|  |  | 14910856 |
| OIL & GAS PRODUCERS - 0.1% |  |  |
| EQT Corp. | 5685 | 361793 |
| OIL & GAS SERVICES & EQUIPMENT - 0.1% |  |  |
| Baker Hughes Co. | 15026 | 917337 |
| OIL, GAS & CONSUMABLE FUELS - 0.2% |  |  |
| Venture Global, Inc. - Class A <sup>(b)</sup> | 66623 | 1049978 |
| REITS - 1.3% |  |  |
| American Tower Corp. | 3920 | 676514 |
| Equinix, Inc. | 3842 | 3766082 |
| Iron Mountain, Inc. | 8670 | 885554 |
| Texas Pacific Land Corp. <sup>(b)</sup> | 1992 | 945323 |
| Welltower, Inc. | 14163 | 2800167 |
|  |  | 9073640 |
| RENEWABLE ENERGY - 0.1% |  |  |
| First Solar, Inc. <sup>(a)</sup> | 3450 | 680547 |
| RETAIL - CONSUMER STAPLES - 1.0% |  |  |
| Costco Wholesale Corp. | 6069 | 6047334 |
| Walmart, Inc. | 7770 | 965655 |
|  |  | 7012989 |
| RETAIL - DISCRETIONARY - 2.7% |  |  |
| AutoZone, Inc. <sup>(a)</sup> | 659 | 2225957 |
| Carvana Co. <sup>(a)</sup> | 3229 | 1015133 |
| Cloudflare, Inc. - Class A <sup>(a)</sup> | 9380 | 1935469 |
| Home Depot, Inc. (The) | 13406 | 4409099 |
| Lowe's Cos., Inc. <sup>(b)</sup> | 6789 | 1604105 |
| Lululemon Athletica, Inc. <sup>(a)</sup> | 3985 | 610104 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 27150 | 2506217 |
| TJX Cos., Inc. (The) | 25503 | 4072829 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6% (Continued)** | **Shares** | **Fair Value** |
| RETAIL - DISCRETIONARY - 2.7% (Continued) |  |  |
| Tractor Supply Co. | 10300 | $466590 |
|  |  | 18845503 |
| SEMICONDUCTORS - 21.9% |  |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 36851 | 7496599 |
| Applied Materials, Inc. | 22816 | 7798281 |
| Broadcom, Inc. | 99575 | 30819458 |
| Intel Corp. <sup>(a)</sup> | 14810 | 653565 |
| KLA Corp. | 3030 | 4461402 |
| Lam Research Corp. | 31227 | 6671961 |
| Marvell Technology, Inc. | 22460 | 2224663 |
| Monolithic Power Systems, Inc. | 1690 | 1847762 |
| NVIDIA Corp. | 495402 | 86398109 |
| QUALCOMM, Inc. | 9790 | 1260756 |
| Teradyne, Inc. | 3018 | 894716 |
| Texas Instruments, Inc. | 5022 | 974971 |
|  |  | 151502243 |
| SOFTWARE - 13.0% |  |  |
| Adobe, Inc. <sup>(a)</sup> | 11702 | 2844522 |
| Atlassian Corp. - Class A <sup>(a)</sup> | 7896 | 538902 |
| Autodesk, Inc. <sup>(a)</sup> | 9191 | 2200325 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 12442 | 3457259 |
| CoreWeave, Inc. - Class A <sup>(a)(b)</sup> | 9775 | 757269 |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 6320 | 2467391 |
| Fortinet, Inc. <sup>(a)</sup> | 23153 | 1892063 |
| HubSpot, Inc. <sup>(a)</sup> | 2898 | 707402 |
| Intuit, Inc. | 7895 | 3413640 |
| Microsoft Corp. | 128238 | 47469861 |
| MongoDB, Inc. <sup>(a)</sup> | 2987 | 731128 |
| Oracle Corp. | 43252 | 6362802 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 21776 | 3491128 |
| Salesforce, Inc. | 14156 | 2642501 |
| ServiceNow, Inc. <sup>(a)</sup> | 35157 | 3675664 |
| Snowflake, Inc. <sup>(a)</sup> | 8540 | 1288003 |
| Synopsys, Inc. <sup>(a)</sup> | 6452 | 2558089 |
| Tyler Technologies, Inc. <sup>(a)</sup> | 3752 | 1284610 |
| Workday, Inc. - Class A <sup>(a)</sup> | 4256 | 552940 |
| Zoom Communications, Inc. <sup>(a)</sup> | 8262 | 664182 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6% (Continued)** | **Shares** | **Fair Value** |
| SOFTWARE - 13.0% (Continued) |  |  |
| Zscaler, Inc. <sup>(a)</sup> | 4667 | $654733 |
|  |  | 89654414 |
| SPECIALTY FINANCE - 0.3% |  |  |
| American Express Co. | 6050 | 1830004 |
| TECHNOLOGY HARDWARE - 14.0% |  |  |
| Apple, Inc. | 328685 | 83416966 |
| Arista Networks, Inc. <sup>(a)</sup> | 29760 | 3653933 |
| Ciena Corp. <sup>(a)</sup> | 1398 | 542745 |
| Cisco Systems, Inc. | 6183 | 479739 |
| Datadog, Inc. - Class A <sup>(a)</sup> | 10068 | 1188527 |
| Lumentum Holdings, Inc. <sup>(a)(b)</sup> | 779 | 547450 |
| NetApp, Inc. | 5800 | 593862 |
| Sandisk Corp. <sup>(a)</sup> | 3493 | 2219243 |
| Seagate Technology Holdings plc | 6383 | 2500604 |
| Western Digital Corp. | 5793 | 1566949 |
|  |  | 96710018 |
| TECHNOLOGY SERVICES - 4.2% |  |  |
| Accenture plc - Class A | 9379 | 1859762 |
| Automatic Data Processing, Inc. | 6970 | 1416165 |
| Broadridge Financial Solutions, Inc. | 2596 | 421798 |
| CoStar Group, Inc. <sup>(a)(b)</sup> | 18734 | 755729 |
| Fair Isaac Corp. <sup>(a)</sup> | 920 | 982137 |
| Fiserv, Inc. <sup>(a)</sup> | 8462 | 472180 |
| Mastercard, Inc. - Class A | 17176 | 8582160 |
| Moody's Corp. | 3375 | 1472344 |
| MSCI, Inc. | 1797 | 968601 |
| S&P Global, Inc. | 1944 | 826861 |
| Visa, Inc. - Class A | 37988 | 11481493 |
|  |  | 29239230 |
| TRANSPORTATION & LOGISTICS - 0.3% |  |  |
| Old Dominion Freight Line, Inc. | 5900 | 1152860 |
| Union Pacific Corp. | 3911 | 948887 |
|  |  | 2101747 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.6% (Continued)** | **Shares** | **Fair Value** |
| WHOLESALE - DISCRETIONARY - 0.1% Copart, Inc. <sup>(a)</sup> | 20652 | $685646 |
| **TOTAL COMMON STOCKS** (COST $252,154,096) |  | $680971597 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE NOTES - 0.8%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| COMMUNITY DEVELOPMENT - 0.8% |  |  |  |  |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.000% | 06/15/28 | $750000 | $725444 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 5.000% | 12/15/28 | 450000 | 442866 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 5.000% | 06/15/29 | 1270000 | 1239107 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 12/14/29 | 450000 | 432298 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 06/14/30 | 760000 | 720896 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 12/13/30 | 950000 | 901660 |
| Capital Impact Partners Investment <sup>(d)</sup> | 4.500% | 06/15/26 | 760000 | 760637 |
| Capital Impact Partners Investment <sup>(d)</sup> | 5.000% | 12/15/26 | 500000 | 501227 |
| **TOTAL CORPORATE NOTES** (COST $5,890,000) |  |  |  | $5724135 |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 0.6%** | **Shares** | **Fair Value** |
| First American Government Obligations Fund - Class X, 3.58% <sup>(e)</sup> (COST $3,854,943) | 3854943 | $3854943 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Growth Index Fund***

---

| | | |
|:---|:---|:---|
| **INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 1.6%** | **Shares** | **Fair Value** |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.74% <sup>(e)(f)</sup> (COST $11,059,339) | 11059339 | $11059339 |
| **TOTAL INVESTMENTS -** (COST $272,958,378) **- 101.6%** |  | $701610014 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.6%)** |  | (11130607) |
| **NET ASSETS - 100.0%** |  | $690479407 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $10,948,358.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

<sup>(d)</sup> Illiquid securities are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>Date | Current <br>Cost | Fair <br>Value | % of Net <br>Assets |
| Calvert Impact Capital, Inc., 4.000%, 06/15/28 | 06/15/23 | $750000 | $725444 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 12/15/28 | 12/15/23 | 450000 | 442866 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 06/15/29 | 06/14/24 | 1270000 | 1239107 | 0.2% |
| Calvert Impact Capital, Inc., 4.500%, 12/14/29 | 12/13/24 | 450000 | 432298 | 0.0 %<sup>(c)</sup> |
| Calvert Impact Capital, Inc., 4.500%, 06/14/30 | 06/13/25 | 760000 | 720896 | 0.1% |
| Capital Impact Capital, Inc., 4.500%, 12/13/30 | 12/15/25 | 950000 | 901660 | 0.1% |
| Capital Impact Partners Investment, 4.500%, 06/15/26 | 06/17/25 | 760000 | 760637 | 0.1% |
| Capital Impact Partners Investment, 5.000%, 12/15/26 | 12/15/23 | 500000 | 501227 | 0.1% |
|  |  | $5890000 | $5724135 | 0.8% |

---

<sup>(e)</sup> The rate shown is the 7-day effective yield as of March 31, 2026.

<sup>(f)</sup> The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

**Schedule of Portfolio Investments**

***Praxis Small Cap Index Fund***

***March 31, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0%** | **Shares** | **Fair Value** |
| ADVERTISING & MARKETING - 0.5% |  |  |
| Compass, Inc. - Class A <sup>(a)</sup> | 22053 | $161207 |
| Omnicom Group, Inc. | 8347 | 628613 |
| Trade Desk, Inc. (The) - Class A <sup>(a)</sup> | 9288 | 210745 |
|  |  | 1000565 |
| AEROSPACE & DEFENSE - 0.3% |  |  |
| Beta Technologies, Inc. - Class A <sup>(a)</sup> | 4358 | 64063 |
| Hexcel Corp. | 2422 | 196012 |
| Loar Holdings, Inc. <sup>(a)</sup> | 3324 | 190432 |
| York Space Systems, Inc. <sup>(a)</sup> | 7461 | 165410 |
|  |  | 615917 |
| APPAREL & TEXTILE PRODUCTS - 1.1% |  |  |
| Kontoor Brands, Inc. <sup>(b)</sup> | 4037 | 283761 |
| Ralph Lauren Corp. | 1138 | 391461 |
| Steven Madden Ltd. | 3894 | 132084 |
| Tapestry, Inc. | 5992 | 845531 |
| Under Armour, Inc. - Class A <sup>(a)</sup> | 20748 | 122621 |
| VF Corp. | 18085 | 307264 |
| Wolverine World Wide, Inc. | 7440 | 121421 |
|  |  | 2204143 |
| ASSET MANAGEMENT - 1.6% |  |  |
| Affiliated Managers Group, Inc. | 879 | 243219 |
| Blue Owl Capital, Inc. <sup>(b)</sup> | 31634 | 288818 |
| Franklin Resources, Inc. | 38148 | 901056 |
| Hamilton Lane, Inc. - Class A | 1565 | 155561 |
| Invesco Ltd. | 15213 | 369524 |
| Janus Henderson Group plc | 4360 | 223973 |
| Opendoor Technologies, Inc. <sup>(a)</sup> | 24811 | 116116 |
| StepStone Group, Inc. - Class A | 3193 | 152370 |
| Stifel Financial Corp. | 4799 | 354742 |
| Virtus Investment Partners, Inc. | 920 | 123602 |
| WisdomTree, Inc. | 18255 | 265793 |
|  |  | 3194774 |
| AUTOMOTIVE - 1.2% |  |  |
| Aptiv plc <sup>(a)</sup> | 6798 | 472053 |
| BorgWarner, Inc. | 7141 | 387471 |
| Dana, Inc. | 7322 | 246385 |
| Dorman Products, Inc. <sup>(a)</sup> | 2127 | 221974 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| AUTOMOTIVE - 1.2% (Continued) |  |  |
| Lear Corp. | 1460 | $176777 |
| Modine Manufacturing Co. <sup>(a)</sup> | 1568 | 339801 |
| Phinia, Inc. <sup>(b)</sup> | 3280 | 224483 |
| Rivian Automotive, Inc. - Class A <sup>(a)</sup> | 27145 | 408532 |
|  |  | 2477476 |
| BANKING - 4.9% |  |  |
| Ameris Bancorp | 4705 | 366943 |
| Associated Banc-Corp | 4207 | 108793 |
| Atlantic Union Bankshares Corp. | 4240 | 151538 |
| Axos Financial, Inc. <sup>(a)</sup> | 3442 | 292880 |
| BancFirst Corp. | 2490 | 270165 |
| Bank of Hawaii Corp. | 1872 | 138996 |
| Banner Corp. <sup>(b)</sup> | 1910 | 115899 |
| Beacon Financial Corp. | 7000 | 210000 |
| Cathay General Bancorp <sup>(b)</sup> | 2773 | 138262 |
| City Holding Co. | 2750 | 328680 |
| Columbia Banking System, Inc. | 7638 | 209510 |
| Cullen/Frost Bankers, Inc. | 1673 | 229335 |
| CVB Financial Corp. | 6528 | 126578 |
| East West Bancorp, Inc. | 3797 | 405368 |
| First BanCorp | 15211 | 324907 |
| First Citizens BancShares, Inc. - Class A | 231 | 435356 |
| First Financial Bancorp | 6798 | 189528 |
| First Hawaiian, Inc. | 5621 | 138501 |
| First Horizon Corp. | 14190 | 322964 |
| Flagstar Bank N.A. | 13220 | 174107 |
| FNB Corp. | 11671 | 195139 |
| Fulton Financial Corp. | 7890 | 160483 |
| Glacier Bancorp, Inc. | 2522 | 112658 |
| Hancock Whitney Corp. | 2130 | 135447 |
| Independent Bank Corp. <sup>(b)</sup> | 2280 | 171479 |
| National Bank Holdings Corp. - Class A | 3270 | 128053 |
| OFG Bancorp | 7230 | 292526 |
| Old National Bancorp | 8517 | 188226 |
| Park National Corp. | 1936 | 316439 |
| Pinnacle Financial Partners, Inc. | 4191 | 361013 |
| Popular, Inc. | 1598 | 214404 |
| Prosperity Bancshares, Inc. | 1344 | 90290 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| BANKING - 4.9% (Continued) |  |  |
| Provident Financial Services, Inc. | 7040 | $148966 |
| ServisFirst Bancshares, Inc. | 3334 | 242815 |
| SouthState Bank Corp. | 1710 | 158209 |
| Texas Capital Bancshares, Inc. <sup>(a)</sup> | 1109 | 105222 |
| Triumph Financial, Inc. <sup>(a)</sup> | 2565 | 153028 |
| Trustmark Corp. | 4750 | 200165 |
| UMB Financial Corp. | 2320 | 261673 |
| United Bankshares, Inc. | 3920 | 162366 |
| United Community Banks, Inc. | 6642 | 209157 |
| Valley National Bancorp | 14113 | 173308 |
| Webster Financial Corp. | 5418 | 376117 |
| Western Alliance Bancorp | 2675 | 189524 |
| Wintrust Financial Corp. | 1799 | 249953 |
| Zions Bancorp N.A. | 4054 | 233591 |
|  |  | 9908561 |
| BEVERAGES - 0.3% |  |  |
| Celsius Holdings, Inc. <sup>(a)(b)</sup> | 6273 | 222566 |
| Coca-Cola Consolidated, Inc. | 1513 | 290103 |
| Primo Brands Corp. | 9763 | 183837 |
|  |  | 696506 |
| BIOTECH & PHARMA - 5.6% |  |  |
| ACADIA Pharmaceuticals, Inc. <sup>(a)</sup> | 3543 | 78867 |
| Alkermes plc <sup>(a)</sup> | 5110 | 180690 |
| Amicus Therapeutics, Inc. <sup>(a)</sup> | 10169 | 147044 |
| Arcellx, Inc. <sup>(a)</sup> | 1888 | 216780 |
| Arrowhead Pharmaceuticals, Inc. <sup>(a)(b)</sup> | 4483 | 281084 |
| Axsome Therapeutics, Inc. <sup>(a)(b)</sup> | 1265 | 213810 |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup> | 5611 | 316965 |
| BridgeBio Pharma, Inc. <sup>(a)(b)</sup> | 5170 | 383924 |
| CG Oncology, Inc. <sup>(a)</sup> | 3744 | 253394 |
| Cogent Biosciences, Inc. <sup>(a)</sup> | 4040 | 155500 |
| Crinetics Pharmaceuticals, Inc. <sup>(a)</sup> | 3836 | 139324 |
| Cytokinetics, Inc. <sup>(a)</sup> | 3853 | 253951 |
| Denali Therapeutics, Inc. <sup>(a)</sup> | 4027 | 77318 |
| Elanco Animal Health, Inc. <sup>(a)</sup> | 17250 | 412793 |
| Exelixis, Inc. <sup>(a)</sup> | 8010 | 343549 |
| Guardant Health, Inc. <sup>(a)</sup> | 4080 | 376870 |
| Halozyme Therapeutics, Inc. <sup>(a)</sup> | 4391 | 283790 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| BIOTECH & PHARMA - 5.6% (Continued) |  |  |
| ImmunityBio, Inc. <sup>(a)(b)</sup> | 11028 | $84585 |
| Incyte Corp. <sup>(a)</sup> | 6840 | 643781 |
| Innoviva, Inc. <sup>(a)</sup> | 9029 | 210376 |
| Insmed, Inc. <sup>(a)</sup> | 3471 | 567578 |
| Ionis Pharmaceuticals, Inc. <sup>(a)</sup> | 6232 | 467961 |
| Jazz Pharmaceuticals plc <sup>(a)</sup> | 1966 | 371672 |
| Krystal Biotech, Inc. <sup>(a)(b)</sup> | 800 | 206656 |
| Kymera Therapeutics, Inc. <sup>(a)</sup> | 2181 | 181655 |
| Ligand Pharmaceuticals, Inc. <sup>(a)</sup> | 509 | 101622 |
| Madrigal Pharmaceuticals, Inc. <sup>(a)</sup> | 540 | 282674 |
| Moderna, Inc. <sup>(a)</sup> | 10380 | 527304 |
| Neurocrine Biosciences, Inc. <sup>(a)</sup> | 3011 | 396669 |
| Praxis Precision Medicines, Inc. <sup>(a)</sup> | 366 | 117922 |
| Prestige Consumer Healthcare, Inc. <sup>(a)</sup> | 3168 | 187767 |
| Protagonist Therapeutics, Inc. <sup>(a)(b)</sup> | 1735 | 182869 |
| PTC Therapeutics, Inc. <sup>(a)</sup> | 2441 | 166305 |
| Revolution Medicines, Inc. <sup>(a)</sup> | 5402 | 525345 |
| Rhythm Pharmaceuticals, Inc. <sup>(a)(b)</sup> | 1798 | 156372 |
| Roivant Sciences Ltd. <sup>(a)</sup> | 13680 | 378936 |
| Sarepta Therapeutics, Inc. <sup>(a)</sup> | 5830 | 126861 |
| Supernus Pharmaceuticals, Inc. <sup>(a)</sup> | 3820 | 197456 |
| TG Therapeutics, Inc. <sup>(a)</sup> | 4624 | 153609 |
| United Therapeutics Corp. <sup>(a)</sup> | 1380 | 818312 |
| Viking Therapeutics, Inc. <sup>(a)(b)</sup> | 3319 | 108000 |
|  |  | 11277940 |
| CABLE & SATELLITE - 0.2% |  |  |
| Liberty Broadband Corp. - Series C <sup>(a)</sup> | 5057 | 254367 |
| Sirius XM Holdings, Inc. | 5535 | 127748 |
|  |  | 382115 |
| CHEMICALS - 3.0% |  |  |
| Albemarle Corp. | 3582 | 643076 |
| Balchem Corp. | 3617 | 613009 |
| Celanese Corp. | 4089 | 268934 |
| Dow, Inc. | 20725 | 863196 |
| DuPont de Nemours, Inc. | 12489 | 571996 |
| Ecovyst, Inc. <sup>(a)</sup> | 12185 | 156699 |
| Element Solutions, Inc. <sup>(b)</sup> | 8154 | 278378 |
| H.B. Fuller Co. | 2550 | 157284 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| CHEMICALS - 3.0% (Continued) |  |  |
| Huntsman Corp. | 17964 | $239101 |
| LyondellBasell Industries N.V. - Class A | 6964 | 561020 |
| Materion Corp. | 1843 | 266590 |
| Mosaic Co. (The) | 10011 | 255281 |
| NewMarket Corp. | 238 | 152546 |
| Qnity Electronics, Inc. | 3213 | 370716 |
| Solstice Advanced Materials, Inc. | 4871 | 370975 |
| WD-40 Co. | 954 | 194559 |
|  |  | 5963360 |
| COMMERCIAL SUPPORT SERVICES - 1.8% |  |  |
| ABM Industries, Inc. | 3590 | 138287 |
| Brady Corp. - Class A | 7062 | 573717 |
| Brink's Co. (The) | 1558 | 161456 |
| Casella Waste Systems, Inc. - Class A <sup>(a)</sup> | 2953 | 234291 |
| CBIZ, Inc. <sup>(a)</sup> | 7686 | 206369 |
| Clean Harbors, Inc. <sup>(a)</sup> | 1585 | 454467 |
| CorVel Corp. <sup>(a)</sup> | 6700 | 366155 |
| First Advantage Corp. <sup>(a)(b)</sup> | 12591 | 148070 |
| FTI Consulting, Inc. <sup>(a)</sup> | 560 | 98991 |
| Huron Consulting Group, Inc. <sup>(a)</sup> | 980 | 124940 |
| Korn Ferry | 5842 | 367754 |
| ManpowerGroup, Inc. | 9068 | 267143 |
| UL Solutions, Inc. - Class A | 2401 | 205790 |
| UniFirst Corp. | 1280 | 322035 |
|  |  | 3669465 |
| CONSTRUCTION MATERIALS - 0.7% |  |  |
| Advanced Drainage Systems, Inc. | 2130 | 292087 |
| Carlisle Cos., Inc. | 1161 | 387333 |
| Knife River Corp. <sup>(a)(b)</sup> | 1579 | 128925 |
| MDU Resources Group, Inc. | 18225 | 377622 |
| Simpson Manufacturing Co., Inc. | 1129 | 193759 |
|  |  | 1379726 |
| CONSUMER SERVICES - 0.4% |  |  |
| Covista, Inc. <sup>(a)</sup> | 2385 | 274871 |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 840 | 142825 |
| Laureate Education, Inc. <sup>(a)</sup> | 3819 | 133054 |
| Strategic Education, Inc. | 1698 | 140866 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| CONSUMER SERVICES - 0.4% (Continued) |  |  |
| Stride, Inc. <sup>(a)</sup> | 2408 | $212314 |
|  |  | 903930 |
| CONTAINERS & PACKAGING - 1.2% |  |  |
| Ball Corp. | 9299 | 549664 |
| Crown Holdings, Inc. | 4210 | 422052 |
| Graphic Packaging Holding Co. <sup>(b)</sup> | 20439 | 203164 |
| Sealed Air Corp. | 7387 | 310623 |
| Silgan Holdings, Inc. <sup>(b)</sup> | 4574 | 177471 |
| Smurfit WestRock plc | 12168 | 484895 |
| Sonoco Products Co. | 4831 | 261309 |
|  |  | 2409178 |
| DIVERSIFIED INDUSTRIALS - 0.5% |  |  |
| ITT, Inc. | 2730 | 520147 |
| Pentair plc | 5469 | 476404 |
|  |  | 996551 |
| E-COMMERCE DISCRETIONARY - 0.4% |  |  |
| Chewy, Inc. - Class A <sup>(a)</sup> | 7960 | 214920 |
| Etsy, Inc. <sup>(a)</sup> | 3893 | 194572 |
| Wayfair, Inc. - Class A <sup>(a)</sup> | 5090 | 382819 |
|  |  | 792311 |
| ELECTRIC UTILITIES - 2.6% |  |  |
| AES Corp. (The) | 22796 | 321196 |
| Avista Corp. | 4680 | 187855 |
| Clearway Energy, Inc. - Class C | 3554 | 139637 |
| Evergy, Inc. | 8550 | 700416 |
| IDACORP, Inc. | 876 | 125242 |
| NorthWestern Energy Group, Inc. | 7369 | 485912 |
| NRG Energy, Inc. | 6199 | 905922 |
| Nuvalent, Inc. - Class A <sup>(a)(b)</sup> | 1536 | 157363 |
| OGE Energy Corp. | 5730 | 274811 |
| Oklo, Inc. <sup>(a)(b)</sup> | 4114 | 204013 |
| Ormat Technologies, Inc. | 2056 | 230107 |
| Pinnacle West Capital Corp. | 5911 | 595533 |
| Portland General Electric Co. | 3996 | 210869 |
| Talen Energy Corp. <sup>(a)</sup> | 1529 | 488103 |
| TXNM Energy, Inc. | 4340 | 253716 |
|  |  | 5280695 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| ELECTRICAL EQUIPMENT - 4.6% |  |  |
| AAON, Inc. | 3590 | $297073 |
| Acuity, Inc. | 790 | 221374 |
| Advanced Energy Industries, Inc. | 2355 | 759982 |
| Alarm.com Holdings, Inc. <sup>(a)</sup> | 2271 | 98084 |
| Allegion plc | 1852 | 269077 |
| APi Group Corp. <sup>(a)</sup> | 12619 | 511322 |
| Argan, Inc. | 214 | 116555 |
| Atmus Filtration Technologies, Inc. | 2194 | 124553 |
| Badger Meter, Inc. | 2075 | 316126 |
| Belden, Inc. | 1091 | 125280 |
| Bloom Energy Corp. - Class A <sup>(a)</sup> | 3943 | 534237 |
| Cognex Corp. | 5408 | 264938 |
| Generac Holdings, Inc. <sup>(a)</sup> | 1704 | 332842 |
| Hayward Holdings, Inc. <sup>(a)</sup> | 6850 | 91653 |
| Hubbell, Inc. | 707 | 346953 |
| Itron, Inc. <sup>(a)</sup> | 2170 | 194497 |
| Lennox International, Inc. | 506 | 234850 |
| Littelfuse, Inc. | 2290 | 777112 |
| Nextpower, Inc. - Class A <sup>(a)</sup> | 5428 | 654345 |
| NuScale Power Corp. <sup>(a)(b)</sup> | 9974 | 108118 |
| nVent Electric plc | 5350 | 632798 |
| OSI Systems, Inc. <sup>(a)</sup> | 1451 | 385255 |
| Ralliant Corp. | 4037 | 167899 |
| Sensata Technologies Holding plc | 5211 | 183531 |
| SPX Technologies, Inc. <sup>(a)</sup> | 4302 | 860142 |
| Trimble, Inc. <sup>(a)</sup> | 3753 | 244808 |
| Vontier Corp. | 3816 | 135354 |
| Watts Water Technologies, Inc. - Class A | 916 | 265906 |
|  |  | 9254664 |
| ENGINEERING & CONSTRUCTION - 3.6% |  |  |
| AECOM | 3491 | 296107 |
| Arcosa, Inc. | 5337 | 566469 |
| Centuri Holdings, Inc. <sup>(a)</sup> | 3402 | 99372 |
| Comfort Systems USA, Inc. | 668 | 921165 |
| Construction Partners, Inc. - Class A <sup>(a)</sup> | 1630 | 181126 |
| Dycom Industries, Inc. <sup>(a)</sup> | 1265 | 428607 |
| EMCOR Group, Inc. | 1240 | 915504 |
| Everus Construction Group, Inc. <sup>(a)</sup> | 1914 | 225967 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| ENGINEERING & CONSTRUCTION - 3.6% (Continued) |  |  |
| Frontdoor, Inc. <sup>(a)</sup> | 5262 | $278149 |
| Granite Construction, Inc. <sup>(b)</sup> | 4296 | 515005 |
| Installed Building Products, Inc. | 1411 | 374127 |
| Jacobs Solutions, Inc. | 2857 | 363639 |
| MasTec, Inc. <sup>(a)</sup> | 2190 | 704611 |
| Primoris Services Corp. | 1889 | 270203 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 1160 | 472433 |
| Tetra Tech, Inc. <sup>(b)</sup> | 8060 | 242767 |
| TopBuild Corp. <sup>(a)(b)</sup> | 930 | 326709 |
|  |  | 7181960 |
| ENTERTAINMENT CONTENT - 0.4% |  |  |
| Lionsgate Studios Corp. <sup>(a)</sup> | 12193 | 116931 |
| Paramount Skydance Corp. - Class B | 13917 | 125531 |
| Sphere Entertainment Co. <sup>(a)</sup> | 1281 | 150389 |
| Versant Media Group, Inc. <sup>(a)</sup> | 4714 | 174512 |
| Warner Music Group Corp. - Class A | 7764 | 198293 |
|  |  | 765656 |
| FOOD - 1.1% |  |  |
| BellRing Brands, Inc. <sup>(a)</sup> | 8386 | 134931 |
| Cal-Maine Foods, Inc. | 2264 | 179196 |
| Darling Ingredients, Inc. <sup>(a)</sup> | 5015 | 310178 |
| Flowers Foods, Inc. | 33337 | 271696 |
| Hormel Foods Corp. | 12364 | 280045 |
| Ingredion, Inc. | 1943 | 218898 |
| J.M. Smucker Co. (The) | 4271 | 411895 |
| Post Holdings, Inc. <sup>(a)</sup> | 2100 | 207606 |
| Seaboard Corp. | 20 | 113080 |
|  |  | 2127525 |
| FORESTRY, PAPER & WOOD PRODUCTS - 0.2% |  |  |
| Boise Cascade Co. | 4194 | 318115 |
| Louisiana-Pacific Corp. | 2036 | 148119 |
|  |  | 466234 |
| GAS & WATER UTILITIES - 1.4% |  |  |
| American States Water Co. | 3640 | 275257 |
| California Water Service Group | 7671 | 347803 |
| Essential Utilities, Inc. | 16832 | 677824 |
| NiSource, Inc. | 8098 | 377853 |
| Southwest Gas Holdings, Inc. | 6850 | 595265 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| GAS & WATER UTILITIES - 1.4% (Continued) |  |  |
| UGI Corp. | 13957 | $508314 |
|  |  | 2782316 |
| HEALTH CARE FACILITIES & SERVICES - 2.1% |  |  |
| Acadia Healthcare Co., Inc. <sup>(a)</sup> | 6801 | 159075 |
| BrightSpring Health Services, Inc. <sup>(a)(b)</sup> | 4258 | 181433 |
| Brookdale Senior Living, Inc. <sup>(a)</sup> | 7498 | 102573 |
| Centene Corp. <sup>(a)</sup> | 9622 | 315024 |
| Charles River Laboratories International, Inc. <sup>(a)</sup> | 1916 | 330510 |
| Chemed Corp. | 502 | 189626 |
| Concentra Group Holdings Parent, Inc. | 15555 | 333655 |
| DaVita, Inc. <sup>(a)(b)</sup> | 1258 | 193342 |
| Encompass Health Corp. | 3302 | 319402 |
| Ensign Group, Inc. (The) <sup>(b)</sup> | 1748 | 352222 |
| Henry Schein, Inc. <sup>(a)</sup> | 3820 | 281534 |
| Medpace Holdings, Inc. <sup>(a)</sup> | 820 | 393756 |
| Molina Healthcare, Inc. <sup>(a)</sup> | 2095 | 279264 |
| Option Care Health, Inc. <sup>(a)</sup> | 5870 | 158020 |
| Pediatrix Medical Group, Inc. <sup>(a)</sup> | 7350 | 157217 |
| RadNet, Inc. <sup>(a)</sup> | 3960 | 221324 |
| Select Medical Holdings Corp. | 12896 | 210076 |
| Sotera Health Co. <sup>(a)</sup> | 7879 | 112985 |
|  |  | 4291038 |
| HOME & OFFICE PRODUCTS - 0.4% |  |  |
| HNI Corp. | 5538 | 184914 |
| Newell Brands, Inc. | 27817 | 95412 |
| Somnigroup International, Inc. | 5890 | 435389 |
|  |  | 715715 |
| HOME CONSTRUCTION - 1.2% |  |  |
| Armstrong World Industries, Inc. | 2600 | 428480 |
| Cavco Industries, Inc. <sup>(a)</sup> | 743 | 359828 |
| Champion Homes, Inc. <sup>(a)</sup> | 1320 | 98168 |
| Griffon Corp. | 2560 | 186061 |
| Interface, Inc. | 6988 | 174141 |
| M/I Homes, Inc. <sup>(a)</sup> | 1817 | 222492 |
| Meritage Homes Corp. | 4450 | 275188 |
| Toll Brothers, Inc. | 2290 | 312516 |
| TRI Pointe Homes, Inc. <sup>(a)</sup> | 9596 | 448421 |
|  |  | 2505295 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| HOUSEHOLD PRODUCTS - 0.4% |  |  |
| Clorox Co. (The) | 4240 | $439391 |
| Quanex Building Products Corp. <sup>(b)</sup> | 6912 | 124209 |
| Spectrum Brands Holdings, Inc. | 3020 | 222574 |
|  |  | 786174 |
| INDUSTRIAL INTERMEDIATE PRODUCTS - 1.2% |  |  |
| AZZ, Inc. | 1430 | 178936 |
| Chart Industries, Inc. <sup>(a)</sup> | 1431 | 295859 |
| Enpro, Inc. | 1560 | 391014 |
| Mueller Industries, Inc. | 3309 | 366637 |
| Proto Labs, Inc. <sup>(a)</sup> | 2998 | 170946 |
| RBC Bearings, Inc. <sup>(a)</sup> | 990 | 537689 |
| Timken Co. (The) | 3660 | 368086 |
| Valmont Industries, Inc. | 473 | 188997 |
|  |  | 2498164 |
| INDUSTRIAL SUPPORT SERVICES - 1.5% |  |  |
| Applied Industrial Technologies, Inc. | 1140 | 302465 |
| Core & Main, Inc. - Class A <sup>(a)</sup> | 5835 | 288249 |
| MSC Industrial Direct Co., Inc. - Class A | 5310 | 489954 |
| RB Global, Inc. | 5653 | 541840 |
| Resideo Technologies, Inc. <sup>(a)</sup> | 6763 | 227981 |
| SiteOne Landscape Supply, Inc. <sup>(a)</sup> | 1412 | 187951 |
| Vaxcyte, Inc. <sup>(a)</sup> | 3120 | 181303 |
| VSE Corp. <sup>(b)</sup> | 712 | 131293 |
| Watsco, Inc. | 574 | 208815 |
| WESCO International, Inc. | 1554 | 425206 |
|  |  | 2985057 |
| INSTITUTIONAL FINANCIAL SERVICES - 1.0% |  |  |
| Evercore, Inc. - Class A <sup>(b)</sup> | 1302 | 388660 |
| Lazard, Inc. | 3959 | 168178 |
| Moelis & Co. - Class A | 3694 | 210558 |
| Piper Sandler Cos. <sup>(b)</sup> | 7436 | 569226 |
| PJT Partners, Inc. - Class A <sup>(b)</sup> | 1721 | 240458 |
| StoneX Group, Inc. <sup>(a)</sup> | 1787 | 144081 |
| Virtu Financial, Inc. - Class A | 6270 | 275755 |
|  |  | 1996916 |
| INSURANCE - 3.2% |  |  |
| American Financial Group, Inc. | 2490 | 317998 |
| Assurant, Inc. | 1350 | 294044 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| INSURANCE - 3.2% (Continued) |  |  |
| Assured Guaranty Ltd. | 3960 | $322661 |
| Axis Capital Holdings Ltd. | 1521 | 154245 |
| Brighthouse Financial, Inc. <sup>(a)</sup> | 1761 | 105449 |
| Corebridge Financial, Inc. | 13243 | 315978 |
| Equitable Holdings, Inc. | 5665 | 210228 |
| Everest Group Ltd. | 679 | 221931 |
| Genworth Financial, Inc. <sup>(a)</sup> | 39408 | 319993 |
| Globe Life, Inc. | 2835 | 394547 |
| Jackson Financial, Inc. - Class A | 4108 | 434298 |
| Kemper Corp. | 4811 | 147024 |
| Lemonade, Inc. <sup>(a)</sup> | 1874 | 117462 |
| Lincoln National Corp. | 7044 | 250062 |
| Mercury General Corp. | 3903 | 344049 |
| Old Republic International Corp. | 5221 | 208318 |
| Primerica, Inc. | 950 | 237956 |
| Radian Group, Inc. | 8239 | 272546 |
| Reinsurance Group of America, Inc. | 1945 | 397091 |
| RenaissanceRe Holdings Ltd. <sup>(b)</sup> | 1171 | 348056 |
| RLI Corp. | 2527 | 144140 |
| SiriusPoint Ltd. <sup>(a)</sup> | 10490 | 225955 |
| Unum Group | 4937 | 360549 |
| Voya Financial, Inc. | 3198 | 218487 |
| White Mountains Insurance Group Ltd. | 64 | 140605 |
|  |  | 6503672 |
| INTERNET MEDIA & SERVICES - 0.9% |  |  |
| CarGurus, Inc. <sup>(a)</sup> | 4745 | 161567 |
| GoDaddy, Inc. - Class A <sup>(a)</sup> | 3140 | 259584 |
| Lyft, Inc. - Class A <sup>(a)(b)</sup> | 14538 | 193355 |
| Maplebear, Inc. <sup>(a)(b)</sup> | 5008 | 187600 |
| Match Group, Inc. | 6341 | 194732 |
| Pinterest, Inc. - Class A <sup>(a)</sup> | 10844 | 198879 |
| Roku Inc. <sup>(a)</sup> | 4219 | 399202 |
| Zillow Group, Inc. - Class A <sup>(a)</sup> | 6605 | 273381 |
|  |  | 1868300 |
| LEISURE FACILITIES & SERVICES - 2.1% |  |  |
| Brinker International, Inc. <sup>(a)</sup> | 2179 | 311096 |
| CAVA Group, Inc. <sup>(a)(b)</sup> | 3117 | 252165 |
| Cheesecake Factory, Inc. (The) | 4578 | 250645 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| LEISURE FACILITIES & SERVICES - 2.1% (Continued) |  |  |
| Choice Hotels International, Inc. <sup>(b)</sup> | 1237 | $128030 |
| Cinemark Holdings, Inc. | 6254 | 178364 |
| Domino's Pizza, Inc. | 454 | 162891 |
| Dutch Bros, Inc. - Class A <sup>(a)(b)</sup> | 4395 | 222651 |
| Hyatt Hotels Corp. - Class A | 1435 | 206339 |
| Life Time Group Holdings, Inc. <sup>(a)</sup> | 4102 | 110508 |
| Madison Square Garden Sports Corp. <sup>(a)</sup> | 938 | 301473 |
| Marriott Vacations Worldwide Corp. | 1336 | 87000 |
| Norwegian Cruise Line Holdings Ltd. <sup>(a)</sup> | 14731 | 275470 |
| Planet Fitness, Inc. - Class A <sup>(a)</sup> | 1618 | 120347 |
| Rocket Lab Corp. <sup>(a)</sup> | 8987 | 577145 |
| Shake Shack, Inc. - Class A <sup>(a)</sup> | 3069 | 271514 |
| Texas Roadhouse, Inc. | 1850 | 305509 |
| Travel + Leisure Co. | 1670 | 115547 |
| Wendy's Co. (The) <sup>(b)</sup> | 19463 | 135268 |
| Wyndham Hotels & Resorts, Inc. | 3458 | 280893 |
|  |  | 4292855 |
| LEISURE PRODUCTS - 0.9% |  |  |
| Acushnet Holdings Corp. | 3196 | 298762 |
| Brunswick Corp. | 3232 | 235160 |
| Callaway Golf Co. <sup>(a)</sup> | 7795 | 108195 |
| Hasbro, Inc. | 5432 | 508435 |
| LCI Industries | 1669 | 205254 |
| Mattel, Inc. <sup>(a)</sup> | 13656 | 198422 |
| Peloton Interactive, Inc. - Class A <sup>(a)</sup> | 19905 | 85392 |
| YETI Holdings, Inc. <sup>(a)</sup> | 2850 | 104281 |
|  |  | 1743901 |
| MACHINERY - 3.8% |  |  |
| AGCO Corp. | 2433 | 281912 |
| Crane Co. | 1594 | 272574 |
| CSW Industrials, Inc. | 626 | 163123 |
| Donaldson Co., Inc. | 4192 | 355775 |
| Enerpac Tool Group Corp. | 8150 | 297231 |
| ESCO Technologies, Inc. | 2052 | 577371 |
| Federal Signal Corp. | 4740 | 512584 |
| Flowserve Corp. | 4587 | 337190 |
| Franklin Electric Co., Inc. | 6300 | 580671 |
| Gates Industrial Corp. plc <sup>(a)</sup> | 11576 | 261733 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| MACHINERY - 3.8% (Continued) |  |  |
| Graco, Inc. | 4275 | $361879 |
| IDEX Corp. | 2674 | 506857 |
| JBT Marel Corp. | 3075 | 393200 |
| Kadant, Inc. | 471 | 137697 |
| Kennametal, Inc. | 3943 | 142461 |
| Lincoln Electric Holdings, Inc. | 1966 | 489691 |
| Lindsay Corp. | 840 | 100019 |
| Middleby Corp. (The) <sup>(a)</sup> | 1490 | 197544 |
| MSA Safety, Inc. | 1259 | 206413 |
| Nordson Corp. | 2090 | 556065 |
| Stanley Black & Decker, Inc. | 2640 | 187598 |
| Tennant Co. <sup>(b)</sup> | 1705 | 113212 |
| Terex Corp. | 3663 | 216483 |
| Toro Co. (The) | 2924 | 273219 |
| Zurn Elkay Water Solutions Corp. | 4762 | 213528 |
|  |  | 7736030 |
| MEDICAL EQUIPMENT & DEVICES - 3.6% |  |  |
| Align Technology, Inc. <sup>(a)</sup> | 1950 | 334288 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(a)</sup> | 384 | 107040 |
| Bio-Techne Corp. | 2219 | 115965 |
| Cooper Cos., Inc. (The) <sup>(a)</sup> | 6454 | 461461 |
| DENTSPLY SIRONA, Inc. | 18382 | 213231 |
| Enovis Corp. <sup>(a)</sup> | 5767 | 131199 |
| Envista Holdings Corp. <sup>(a)</sup> | 8663 | 219780 |
| Glaukos Corp. <sup>(a)</sup> | 3039 | 327179 |
| Globus Medical, Inc. - Class A <sup>(a)</sup> | 3644 | 313967 |
| Haemonetics Corp. <sup>(a)</sup> | 1730 | 97503 |
| Hologic, Inc. <sup>(a)</sup> | 9530 | 720373 |
| ICU Medical, Inc. <sup>(a)</sup> | 907 | 117139 |
| Illumina, Inc. <sup>(a)</sup> | 4504 | 555163 |
| Insulet Corp. <sup>(a)</sup> | 1278 | 268176 |
| Integer Holdings Corp. <sup>(a)(b)</sup> | 2180 | 191840 |
| iRhythm Technologies, Inc. <sup>(a)</sup> | 2590 | 305672 |
| Lantheus Holdings, Inc. <sup>(a)</sup> | 2141 | 162395 |
| Masimo Corp. <sup>(a)</sup> | 1773 | 315363 |
| Merit Medical Systems, Inc. <sup>(a)</sup> | 5690 | 392212 |
| Natera, Inc. <sup>(a)</sup> | 3800 | 759962 |
| Penumbra, Inc. <sup>(a)(b)</sup> | 1280 | 420314 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| MEDICAL EQUIPMENT & DEVICES - 3.6% (Continued) |  |  |
| PROCEPT BioRobotics Corp. <sup>(a)</sup> | 4431 | $110819 |
| Repligen Corp. <sup>(a)</sup> | 1273 | 149985 |
| Revvity, Inc. | 1720 | 150689 |
| Solventum Corp. <sup>(a)</sup> | 4456 | 290977 |
| Tandem Diabetes Care, Inc. <sup>(a)</sup> | 7138 | 136835 |
|  |  | 7369527 |
| METALS & MINING - 1.3% |  |  |
| Alcoa Corp. | 8090 | 536610 |
| Century Aluminum Co. <sup>(a)</sup> | 3551 | 208408 |
| Coeur Mining, Inc. <sup>(a)(b)</sup> | 21730 | 407872 |
| Hecla Mining Co. | 14575 | 271532 |
| MP Materials Corp. <sup>(a)</sup> | 5737 | 276868 |
| Royal Gold, Inc. | 2411 | 613575 |
| Rubrik, Inc. - Class A <sup>(a)</sup> | 4919 | 240884 |
|  |  | 2555749 |
| OIL & GAS PRODUCERS - 2.3% |  |  |
| Antero Midstream Corp. | 16376 | 373373 |
| APA Corp. | 18269 | 775336 |
| California Resources Corp. | 4487 | 310590 |
| CNX Resources Corp. <sup>(a)</sup> | 4216 | 162527 |
| EQT Corp. | 11347 | 722123 |
| Kinetik Holdings, Inc. | 6761 | 327300 |
| Murphy Oil Corp. | 7821 | 322616 |
| Northern Oil and Gas, Inc. <sup>(b)</sup> | 6725 | 196572 |
| Ovintiv, Inc. | 10792 | 640613 |
| SM Energy Co. | 9665 | 301355 |
| Viper Energy, Inc. - Class A | 9286 | 436349 |
|  |  | 4568754 |
| OIL & GAS SERVICES & EQUIPMENT - 0.6% |  |  |
| TechnipFMC plc | 14009 | 968442 |
| Weatherford International plc | 3408 | 322329 |
|  |  | 1290771 |
| PUBLISHING & BROADCASTING - 0.8% |  |  |
| John Wiley & Sons, Inc. - Class A <sup>(b)</sup> | 2851 | 108623 |
| Liberty Media Corp. - Liberty Formula One - Series C <sup>(a)</sup> | 6235 | 530100 |
| New York Times Co. (The) - Class A | 5269 | 441173 |
| Nexstar Media Group, Inc. | 838 | 151535 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| PUBLISHING & BROADCASTING - 0.8% (Continued) |  |  |
| TKO Group Holdings, Inc. | 1818 | $366600 |
|  |  | 1598031 |
| REAL ESTATE OWNERS & DEVELOPERS - 0.1% |  |  |
| McGrath RentCorp | 2414 | 266216 |
| REAL ESTATE SERVICES - 0.4% |  |  |
| AGNC Investment Corp. | 39508 | 396265 |
| Jones Lang LaSalle, Inc. <sup>(a)</sup> | 1492 | 454046 |
|  |  | 850311 |
| REITS - 6.1% |  |  |
| Acadia Realty Trust | 8150 | 155828 |
| Agree Realty Corp. | 2799 | 210989 |
| American Healthcare REIT, Inc. | 5692 | 268435 |
| American Homes 4 Rent - Class A <sup>(b)</sup> | 16096 | 449400 |
| Brixmor Property Group, Inc. | 11669 | 336067 |
| Broadstone Net Lease, Inc. | 9933 | 181476 |
| BXP, Inc. | 6555 | 340204 |
| Camden Property Trust | 3430 | 334974 |
| CareTrust REIT, Inc. | 11472 | 420449 |
| DiamondRock Hospitality Co. | 14240 | 133429 |
| EastGroup Properties, Inc. | 1531 | 283373 |
| EPR Properties | 3010 | 150380 |
| Equity LifeStyle Properties, Inc. | 4900 | 305858 |
| Essential Properties Realty Trust, Inc. <sup>(b)</sup> | 7790 | 236504 |
| Essex Property Trust, Inc. | 1057 | 255794 |
| Federal Realty Investment Trust | 2749 | 291971 |
| First Industrial Realty Trust, Inc. | 4250 | 245862 |
| HA Sustainable Infrastructure Capital, Inc. <sup>(b)</sup> | 3918 | 143987 |
| Healthpeak Properties, Inc. | 22590 | 371154 |
| Host Hotels & Resorts, Inc. | 22009 | 421692 |
| Independence Realty Trust, Inc. | 12613 | 187808 |
| Invitation Homes, Inc. | 15518 | 385622 |
| Kilroy Realty Corp. | 6135 | 173068 |
| Kimco Realty Corp. | 19961 | 448524 |
| Kite Realty Group Trust | 5788 | 142095 |
| Lamar Advertising Co. - Class A | 2846 | 360474 |
| Macerich Co. (The) | 11680 | 220752 |
| Medical Properties Trust, Inc. | 18810 | 87090 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| REITS - 6.1% (Continued) |  |  |
| Mid-America Apartment Communities, Inc. | 2257 | $275625 |
| NNN REIT, Inc. | 5050 | 212252 |
| Omega Healthcare Investors, Inc. | 8620 | 377728 |
| OUTFRONT Media Inc. | 6378 | 169017 |
| Park Hotels & Resorts, Inc. <sup>(b)</sup> | 10556 | 111155 |
| Phillips Edison & Co., Inc. | 3643 | 136321 |
| Regency Centers Corp. | 5103 | 386093 |
| Rexford Industrial Realty, Inc. | 7530 | 246457 |
| Ryman Hospitality Properties, Inc. | 1173 | 108233 |
| Sabra Health Care REIT, Inc. | 6980 | 134225 |
| SL Green Realty Corp. | 5952 | 219867 |
| Sun Communities, Inc. | 3837 | 483309 |
| Tanger, Inc. | 10710 | 363926 |
| Terreno Realty Corp. | 2943 | 180759 |
| Texas Pacific Land Corp. | 854 | 405274 |
| Urban Edge Properties | 9260 | 185015 |
| W.P. Carey, Inc. | 6500 | 441740 |
| Weyerhaeuser Co. | 15124 | 369479 |
|  |  | 12349734 |
| RENEWABLE ENERGY - 0.6% |  |  |
| EnerSys | 1054 | 183101 |
| Enphase Energy, Inc. <sup>(a)</sup> | 2640 | 99819 |
| First Solar, Inc. <sup>(a)</sup> | 1970 | 388602 |
| Plug Power, Inc. <sup>(a)(b)</sup> | 53978 | 121990 |
| Solv Energy, Inc. - Class A <sup>(a)</sup> | 15796 | 474354 |
|  |  | 1267866 |
| RETAIL - CONSUMER STAPLES - 1.4% |  |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(a)(b)</sup> | 3468 | 341320 |
| Casey's General Stores, Inc. | 998 | 726404 |
| Five Below, Inc. <sup>(a)</sup> | 2072 | 473411 |
| Hims & Hers Health, Inc. <sup>(a)(b)</sup> | 7324 | 152046 |
| Murphy USA, Inc. | 1125 | 555716 |
| Ollie's Bargain Outlet Holdings, Inc. <sup>(a)</sup> | 1271 | 116983 |
| PriceSmart, Inc. <sup>(b)</sup> | 1550 | 233275 |
| Sprouts Farmers Market, Inc. <sup>(a)</sup> | 1820 | 140377 |
|  |  | 2739532 |
| RETAIL - DISCRETIONARY - 2.9% |  |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 1384 | 126456 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| RETAIL - DISCRETIONARY - 2.9% (Continued) |  |  |
| Academy Sports & Outdoors, Inc. | 1753 | $98957 |
| Advance Auto Parts, Inc. <sup>(b)</sup> | 4870 | 256892 |
| American Eagle Outfitters, Inc. | 8722 | 145657 |
| Asbury Automotive Group, Inc. <sup>(a)</sup> | 1419 | 277287 |
| AutoNation, Inc. <sup>(a)</sup> | 935 | 182568 |
| Best Buy Co., Inc. <sup>(b)</sup> | 6190 | 397398 |
| Boot Barn Holdings, Inc. <sup>(a)</sup> | 1758 | 257301 |
| Buckle, Inc. (The) | 5380 | 270937 |
| Burlington Stores, Inc. <sup>(a)</sup> | 853 | 277549 |
| CarMax, Inc. <sup>(a)</sup> | 5685 | 236382 |
| Dick's Sporting Goods, Inc. <sup>(b)</sup> | 1719 | 340860 |
| Floor & Decor Holdings, Inc. - Class A <sup>(a)</sup> | 3581 | 181915 |
| Freshpet, Inc. <sup>(a)</sup> | 2410 | 142094 |
| GameStop Corp. - Class A <sup>(a)(b)</sup> | 10988 | 253163 |
| Gap, Inc. (The) | 6511 | 157566 |
| Genuine Parts Co. | 1995 | 210971 |
| Group 1 Automotive, Inc. | 1120 | 370306 |
| La-Z-Boy, Inc. | 3300 | 106062 |
| Macy's, Inc. | 8663 | 156714 |
| Signet Jewelers Ltd. <sup>(b)</sup> | 1576 | 133393 |
| Urban Outfitters, Inc. <sup>(a)</sup> | 5413 | 342914 |
| Valvoline, Inc. <sup>(a)</sup> | 4394 | 147990 |
| Victoria's Secret & Co. <sup>(a)</sup> | 4850 | 224846 |
| Williams-Sonoma, Inc. | 3300 | 601689 |
|  |  | 5897867 |
| SEMICONDUCTORS - 2.6% |  |  |
| Allegro MicroSystems, Inc. <sup>(a)(b)</sup> | 6590 | 207783 |
| Amkor Technology, Inc. | 3208 | 144456 |
| Astera Labs, Inc. <sup>(a)</sup> | 4183 | 458457 |
| Axcelis Technologies, Inc. <sup>(a)</sup> | 2766 | 257459 |
| Diodes, Inc. <sup>(a)</sup> | 3199 | 218364 |
| Entegris, Inc. | 4198 | 492174 |
| FormFactor, Inc. <sup>(a)</sup> | 3694 | 358281 |
| Lattice Semiconductor Corp. <sup>(a)</sup> | 3703 | 343490 |
| MACOM Technology Solutions Holdings, Inc. <sup>(a)(b)</sup> | 2006 | 445472 |
| MKS, Inc. <sup>(b)</sup> | 2100 | 482601 |
| Onto Innovation, Inc. <sup>(a)</sup> | 1667 | 341852 |
| Qorvo, Inc. <sup>(a)</sup> | 3115 | 241101 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| SEMICONDUCTORS - 2.6% (Continued) |  |  |
| Rambus, Inc. <sup>(a)(b)</sup> | 3003 | $258348 |
| Semtech Corp. <sup>(a)</sup> | 3740 | 287569 |
| Silicon Laboratories, Inc. <sup>(a)</sup> | 983 | 204611 |
| SiTime Corp. <sup>(a)</sup> | 822 | 283878 |
| Veeco Instruments, Inc. <sup>(a)(b)</sup> | 5663 | 191749 |
| Vishay Intertechnology, Inc. | 7545 | 135810 |
|  |  | 5353455 |
| SOFTWARE - 5.1% |  |  |
| ACI Worldwide, Inc. <sup>(a)</sup> | 4180 | 171422 |
| Adeia, Inc. | 6147 | 147712 |
| Affirm Holdings, Inc. <sup>(a)</sup> | 7910 | 362436 |
| Akamai Technologies, Inc. <sup>(a)</sup> | 4955 | 569082 |
| Alignment Healthcare, Inc. <sup>(a)</sup> | 6076 | 107059 |
| Box, Inc. - Class A <sup>(a)</sup> | 4810 | 113708 |
| Calix, Inc. <sup>(a)(b)</sup> | 3303 | 161814 |
| Circle Internet Group, Inc. <sup>(a)</sup> | 3563 | 339946 |
| Clear Secure, Inc. - Class A | 2690 | 130223 |
| Clearwater Analytics Holdings, Inc. - Class A <sup>(a)</sup> | 11403 | 269681 |
| Commvault Systems, Inc. <sup>(a)</sup> | 2794 | 217625 |
| Concentrix Corp. <sup>(b)</sup> | 3310 | 90562 |
| DigitalOcean Holdings, Inc. <sup>(a)(b)</sup> | 2455 | 210590 |
| DocuSign, Inc. <sup>(a)</sup> | 3640 | 172572 |
| D-Wave Quantum, Inc. <sup>(a)(b)</sup> | 7345 | 105988 |
| Dynatrace, Inc. <sup>(a)</sup> | 9704 | 358854 |
| Fastly, Inc. - Class A <sup>(a)</sup> | 4436 | 128910 |
| Figma, Inc. - Class A <sup>(a)</sup> | 8356 | 176646 |
| Freshworks, Inc. - Class A <sup>(a)</sup> | 19676 | 157998 |
| Gen Digital, Inc. | 18820 | 354381 |
| Guidewire Software, Inc. <sup>(a)</sup> | 1180 | 176481 |
| HubSpot, Inc. <sup>(a)</sup> | 1437 | 350772 |
| Intapp, Inc. <sup>(a)</sup> | 4006 | 102914 |
| IonQ, Inc. <sup>(a)(b)</sup> | 10061 | 290059 |
| Klaviyo, Inc. - Class A <sup>(a)</sup> | 6920 | 134663 |
| nCino, Inc. <sup>(a)</sup> | 7063 | 105804 |
| Nutanix, Inc. - Class A <sup>(a)</sup> | 8685 | 330117 |
| OKTA, Inc. <sup>(a)</sup> | 5102 | 401578 |
| OneStream, Inc. <sup>(a)</sup> | 9516 | 228384 |
| Pegasystems, Inc. | 3798 | 161643 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| SOFTWARE - 5.1% (Continued) |  |  |
| Planet Labs PBC <sup>(a)</sup> | 8143 | $227597 |
| Privia Health Group, Inc. <sup>(a)</sup> | 5538 | 113917 |
| Procore Technologies, Inc. <sup>(a)</sup> | 5313 | 302841 |
| Progress Software Corp. <sup>(a)</sup> | 3880 | 99522 |
| PTC, Inc. <sup>(a)</sup> | 2824 | 402392 |
| Qualys, Inc. <sup>(a)</sup> | 1389 | 122024 |
| RingCentral, Inc. - Class A | 3751 | 139500 |
| Samsara, Inc. - Class A <sup>(a)</sup> | 5550 | 175879 |
| ServiceTitan, Inc. - Class A <sup>(a)(b)</sup> | 2308 | 146466 |
| SPS Commerce, Inc. <sup>(a)</sup> | 3377 | 187997 |
| Tempus AI, Inc. - Class A <sup>(a)(b)</sup> | 2348 | 106176 |
| Twilio, Inc. - Class A <sup>(a)</sup> | 4512 | 567700 |
| Tyler Technologies, Inc. <sup>(a)</sup> | 1333 | 456392 |
| UiPath, Inc. - Class A <sup>(a)(b)</sup> | 18555 | 205960 |
| Unity Software, Inc. <sup>(a)</sup> | 13488 | 295927 |
| Zeta Global Holdings Corp. - Class A <sup>(a)</sup> | 7637 | 121581 |
|  |  | 10301495 |
| SPECIALTY FINANCE - 2.5% |  |  |
| Air Lease Corp. | 3330 | 216250 |
| Ally Financial, Inc. | 8477 | 332553 |
| Annaly Capital Management, Inc. | 22655 | 479153 |
| ARMOUR Residential REIT, Inc. | 10482 | 174840 |
| BitMine Immersion Technologies, Inc. | 6986 | 138183 |
| Bread Financial Holdings, Inc. | 2710 | 202952 |
| Encore Capital Group, Inc. <sup>(a)</sup> | 3150 | 220878 |
| Essent Group Ltd. | 2482 | 145048 |
| Fidelity National Financial, Inc. | 7088 | 328742 |
| FTAI Aviation Ltd. | 3505 | 858725 |
| GATX Corp. | 1024 | 174838 |
| MGIC Investment Corp. | 5493 | 144191 |
| OneMain Holdings, Inc. | 3730 | 199518 |
| QXO, Inc. <sup>(a)</sup> | 18653 | 362241 |
| SLM Corp. <sup>(b)</sup> | 7698 | 164814 |
| SoFi Technologies, Inc. <sup>(a)</sup> | 38931 | 618224 |
| Starwood Property Trust, Inc. | 8554 | 147300 |
| Walker & Dunlop, Inc. | 2200 | 97636 |
|  |  | 5006086 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| STEEL - 1.2% |  |  |
| ATI, Inc. <sup>(a)</sup> | 4865 | $707663 |
| Carpenter Technology Corp. | 1855 | 731148 |
| Commercial Metals Co. | 3147 | 193320 |
| Reliance, Inc. | 1511 | 459223 |
| Steel Dynamics, Inc. | 1983 | 356940 |
|  |  | 2448294 |
| TECHNOLOGY HARDWARE - 4.2% |  |  |
| Aurora Innovation, Inc. <sup>(a)(b)</sup> | 33419 | 137686 |
| Benchmark Electronics, Inc. | 3940 | 220877 |
| Ciena Corp. <sup>(a)</sup> | 2261 | 877788 |
| Credo Technology Group Holding Ltd. <sup>(a)</sup> | 5837 | 547919 |
| Everpure, Inc. - Class A <sup>(a)</sup> | 9384 | 554032 |
| Extreme Networks, Inc. <sup>(a)</sup> | 6621 | 99845 |
| F5, Inc. <sup>(a)</sup> | 1813 | 524555 |
| Fabrinet <sup>(a)</sup> | 1033 | 538730 |
| Flex Ltd. <sup>(a)</sup> | 9522 | 623310 |
| InterDigital, Inc. <sup>(b)</sup> | 1402 | 423404 |
| Jabil, Inc. | 2627 | 697810 |
| JFrog Ltd. <sup>(a)</sup> | 4430 | 207900 |
| Knowles Corp. <sup>(a)</sup> | 9450 | 242676 |
| Lumentum Holdings, Inc. <sup>(a)(b)</sup> | 1091 | 766711 |
| Pitney Bowes, Inc. | 13600 | 150280 |
| Plexus Corp. <sup>(a)</sup> | 1982 | 401434 |
| Rigetti Computing, Inc. <sup>(a)(b)</sup> | 9684 | 135963 |
| Sanmina Corp. <sup>(a)</sup> | 3583 | 464500 |
| TD SYNNEX Corp. | 2289 | 386177 |
| ViaSat, Inc. <sup>(a)</sup> | 3182 | 145736 |
| Viavi Solutions, Inc. <sup>(a)</sup> | 7046 | 234491 |
| Vicor Corp. <sup>(a)</sup> | 569 | 91609 |
|  |  | 8473433 |
| TECHNOLOGY SERVICES - 2.3% |  |  |
| ASGN, Inc. <sup>(a)</sup> | 4016 | 155459 |
| Chime Financial, Inc. - Class A <sup>(a)</sup> | 8858 | 165910 |
| CSG Systems International, Inc. | 3400 | 271796 |
| EPAM Systems, Inc. <sup>(a)(b)</sup> | 1674 | 226660 |
| ExlService Holdings, Inc. <sup>(a)</sup> | 5772 | 175757 |
| FactSet Research Systems, Inc. | 2139 | 464142 |
| Gartner, Inc. <sup>(a)</sup> | 2862 | 453169 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| TECHNOLOGY SERVICES - 2.3% (Continued) |  |  |
| Genpact Ltd. | 6989 | $260340 |
| HealthEquity, Inc. <sup>(a)</sup> | 2811 | 234915 |
| Insight Enterprises, Inc. <sup>(a)</sup> | 2670 | 178917 |
| Jack Henry & Associates, Inc. | 2488 | 393204 |
| LiveRamp Holdings, Inc. <sup>(a)</sup> | 3836 | 101731 |
| MarketAxess Holdings, Inc. | 1067 | 176034 |
| Morningstar, Inc. | 1903 | 321702 |
| Toast, Inc. - Class A <sup>(a)</sup> | 12360 | 327664 |
| TransUnion | 5781 | 399987 |
| Western Union Co. (The) | 12550 | 109561 |
| WEX, Inc. <sup>(a)</sup> | 1097 | 167885 |
|  |  | 4584833 |
| TELECOMMUNICATIONS - 0.9% |  |  |
| Applied Digital Corp. <sup>(a)(b)</sup> | 6912 | 164091 |
| AST SpaceMobile, Inc. <sup>(a)(b)</sup> | 7417 | 614647 |
| DigitalBridge Group, Inc. | 6776 | 104486 |
| EchoStar Corp. - Class A <sup>(a)</sup> | 3775 | 441939 |
| Lumen Technologies, Inc. <sup>(a)</sup> | 33428 | 232324 |
| Telephone and Data Systems, Inc. | 4416 | 185914 |
|  |  | 1743401 |
| TRANSPORTATION & LOGISTICS - 2.2% |  |  |
| Alaska Air Group, Inc. <sup>(a)</sup> | 4379 | 161060 |
| American Airlines Group, Inc. <sup>(a)</sup> | 26466 | 284245 |
| ArcBest Corp. | 2845 | 279834 |
| C.H. Robinson Worldwide, Inc. | 3573 | 593368 |
| GXO Logistics, Inc. <sup>(a)</sup> | 4540 | 235399 |
| Hub Group, Inc. - Class A | 6960 | 250838 |
| J.B. Hunt Transport Services, Inc. | 2159 | 457492 |
| JetBlue Airways Corp. <sup>(a)</sup> | 22448 | 99220 |
| Kirby Corp. <sup>(a)</sup> | 1388 | 184438 |
| Knight-Swift Transportation Holdings, Inc. | 4899 | 282085 |
| Matson, Inc. | 2746 | 450179 |
| Ryder System, Inc. | 1323 | 270831 |
| Saia, Inc. <sup>(a)</sup> | 330 | 115922 |
| SkyWest, Inc. <sup>(a)</sup> | 2138 | 196333 |
| XPO, Inc. <sup>(a)(b)</sup> | 3265 | 635206 |
|  |  | 4496450 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Fair Value** |
| TRANSPORTATION EQUIPMENT - 0.2% |  |  |
| Greenbrier Cos., Inc. (The) | 2140 | $112671 |
| Trinity Industries, Inc. | 6334 | 203828 |
|  |  | 316499 |
| WHOLESALE - CONSUMER STAPLES - 1.0% |  |  |
| Andersons, Inc. (The) | 4953 | 355526 |
| Bunge Global S.A. | 6257 | 795890 |
| United Natural Foods, Inc. <sup>(a)</sup> | 3759 | 169381 |
| US Foods Holding Corp. <sup>(a)</sup> | 7032 | 648421 |
|  |  | 1969218 |
| WHOLESALE - DISCRETIONARY - 0.4% |  |  |
| Aramark | 7620 | 308915 |
| G-III Apparel Group Ltd. | 4123 | 114207 |
| LKQ Corp. | 7269 | 213490 |
| OPENLANE, Inc. <sup>(a)</sup> | 8420 | 245443 |
|  |  | 882055 |
| **TOTAL COMMON STOCKS** (COST $153,855,548) |  | $199984262 |

---

---

| | | |
|:---|:---|:---|
| **RIGHTS - 0.0% <sup>(c)</sup>** | **Shares** | **Fair Value** |
| ASSET MANAGEMENT - 0.0% <sup>(c)</sup> |  |  |
| Sycamore Partners, LLC <sup>(a)(d)(e)</sup> | 44730 | $23707 |
| BIOTECH & PHARMA - 0.0% <sup>(c)</sup> |  |  |
| Blueprint Medicines Corp. <sup>(a)(d)(e)</sup> | 2090 | 962 |
| MEDICAL EQUIPMENT & DEVICES - 0.0% <sup>(c)</sup> |  |  |
| OmniAb, Inc. <sup>(a)(d)(e)</sup> | 2092 | 440 |
| **TOTAL RIGHTS** (COST $0) |  | $25109 |

---

**Schedule of Portfolio Investments (Continued)**

***Praxis Small Cap Index Fund***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE NOTES - 0.7%** | **Coupon** | **Maturity** | **Principal Amount** | **Fair Value** |
| COMMUNITY DEVELOPMENT - 0.7% |  |  |  |  |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.000% | 06/15/28 | $180000 | $174106 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 5.000% | 12/15/28 | 220000 | 216512 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 5.000% | 06/15/29 | 200000 | 195135 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 12/14/29 | 170000 | 163313 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 06/14/30 | 110000 | 104340 |
| Calvert Impact Capital, Inc. <sup>(d)</sup> | 4.500% | 12/13/30 | 320000 | 303717 |
| Capital Impact Partners Investment <sup>(d)</sup> | 4.500% | 06/15/26 | 110000 | 110092 |
| Capital Impact Partners Investment <sup>(d)</sup> | 5.000% | 12/15/26 | 200000 | 200491 |
| **TOTAL CORPORATE NOTES** (COST $1,510,000) |  |  |  | $1467706 |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 0.2%** | **Shares** | **Fair Value** |
| First American Government Obligations Fund - Class X, 3.58% <sup>(f)</sup> (COST $391,485) | 391485 | $391485 |

---

---

| | | |
|:---|:---|:---|
| **INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 7.2%** | **Shares** | **Fair Value** |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.74% <sup>(f)(g)</sup> (COST $14,611,877) | 14611877 | $14611877 |
| **TOTAL INVESTMENTS -** (COST $170,368,910) **- 107.1%** |  | $216480439 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (7.1%)** |  | (14468984) |
| **NET ASSETS - 100.0%** |  | $202011455 |

---

**Schedule of Portfolio Investments (Continued)** 

***Praxis Small Cap Index Fund***

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $14,954,611.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

<sup>(d)</sup> Illiquid securities are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>Date | Current <br>Cost | Fair <br>Value | % of Net <br>Assets |
| Blueprint Medicines Corp. | 07/21/25 | $– | $962 | 0.0 %<sup>(c)</sup> |
| Calvert Impact Capital, Inc., 4.000%, 06/15/28 | 06/15/23 | 180000 | 174106 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 12/15/28 | 12/15/23 | 220000 | 216512 | 0.1% |
| Calvert Impact Capital, Inc., 5.000%, 06/15/29 | 06/14/24 | 200000 | 195135 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 12/14/29 | 12/13/24 | 170000 | 163313 | 0.1% |
| Calvert Impact Capital, Inc., 4.500%, 06/14/30 | 06/13/25 | 110000 | 104340 | 0.0 %<sup>(c)</sup> |
| Calvert Impact Capital, Inc., 4.500%, 12/13/30 | 12/15/25 | 320000 | 303717 | 0.1% |
| Capital Impact Partners Investment, 4.500%, 06/15/26 | 06/17/25 | 110000 | 110092 | 0.1% |
| Capital Impact Partners Investment, 5.000%, 12/15/26 | 12/15/23 | 200000 | 200491 | 0.1% |
| OmniAb, Inc. | 11/02/22 |  | 440 | 0.0 %<sup>(c)</sup> |
| Sycamore Partners, LLC | 08/28/25 | – | 23707 | 0.0 %<sup>(c)</sup> |
|  |  | $1510000 | $1492815 | 0.7% |

---

<sup>(e)</sup> Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total value of such securities was $25,109 as of March 31, 2026, representing 0.0% <sup>(c)</sup> of net assets.

<sup>(f)</sup> The rate shown is the 7-day effective yield as of March 31, 2026.

<sup>(g)</sup> The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

REIT - Real Estate Investment Trust

**Schedule of Portfolio Investments**

***Praxis Genesis Conservative Portfolio***

***March 31, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| **AFFILIATED MUTUAL FUNDS - 100.0%** | **Shares** | **Fair Value** |
| DEBT FUND - 74.6% |  |  |
| Praxis Impact Bond Fund - Class I | 1884181 | $17824353 |
| EQUITY FUND - 25.4% |  |  |
| Praxis Growth Index Fund - Class I | 37760 | 1895171 |
| Praxis International Index Fund - Class I | 112587 | 1830670 |
| Praxis Small Cap Index Fund - Class I | 40519 | 483397 |
| Praxis Value Index Fund - Class I | 93188 | 1861887 |
|  |  | 6071125 |
| **TOTAL AFFILIATED MUTUAL FUNDS** (COST $20,721,017) |  | $23895478 |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 0.0% <sup>(a)</sup>** | **Shares** | **Fair Value** |
| First American Government Obligations Fund - Class X, 3.58% <sup>(b)</sup> (COST $6,088) | 6088 | $6088 |
| **TOTAL INVESTMENTS -** (COST $20,727,105) **- 100.0%** |  | $23901566 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% <sup>(a)</sup>** |  | 1621 |
| **NET ASSETS - 100.0%** |  | $23903187 |

---

<sup>(a)</sup> Percentage rounds to less than 0.1%.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of March 31, 2026.

**Schedule of Portfolio Investments**

***Praxis Genesis Balanced Portfolio***

***March 31, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| **AFFILIATED MUTUAL FUNDS - 100.0%** | **Shares** | **Fair Value** |
| DEBT FUND - 39.5% |  |  |
| Praxis Impact Bond Fund - Class I | 4227841 | $39995372 |
| EQUITY FUND - 60.5% |  |  |
| Praxis Growth Index Fund - Class I | 328064 | 16465524 |
| Praxis International Index Fund - Class I | 1135511 | 18463414 |
| Praxis Small Cap Index Fund - Class I | 853027 | 10176611 |
| Praxis Value Index Fund - Class I | 809374 | 16171289 |
|  |  | 61276838 |
| **TOTAL INVESTMENTS -** (COST $69,698,373) **- 100.0%** |  | $101272210 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) <sup>(a)</sup>** |  | (28349) |
| **NET ASSETS - 100.0%** |  | $101243861 |

---

<sup>(a)</sup> Percentage rounds to less than 0.1%.

**Schedule of Portfolio Investments**

***Praxis Genesis Growth Portfolio***

***March 31, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| **AFFILIATED MUTUAL FUNDS - 100.0%** | **Shares** | **Fair Value** |
| DEBT FUND - 19.7% |  |  |
| Praxis Impact Bond Fund - Class I | 2575590 | $24365079 |
| EQUITY FUND - 80.3% |  |  |
| Praxis Growth Index Fund - Class I | 512050 | 25699785 |
| Praxis International Index Fund - Class I | 1845008 | 29999835 |
| Praxis Small Cap Index Fund - Class I | 1558792 | 18596384 |
| Praxis Value Index Fund - Class I | 1263243 | 25239589 |
|  |  | 99535593 |
| **TOTAL INVESTMENTS -** (COST $77,366,202) **- 100.0%** |  | $123900672 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) <sup>(a)</sup>** |  | (34846) |
| **NET ASSETS - 100.0%** |  | $123865826 |

---

<sup>(a)</sup> Percentage rounds to less than 0.1%.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Praxis Mutual Funds

- **b. Investment Company Act file number:** 811-08056

- **c. CIK number of Registrant:** 0000912900

- **d. LEI of Registrant:** 5493000A2TZD2B7R2O62

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

  - **Street Address 1:** 1110 N. Main Street

  - **City:** Goshen

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46527

  - **Telephone number:** 800-977-2947

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

- **a. Name of Series:** PRAXIS IMPACT BOND FUND

- **b. EDGAR series identifier (if any):** S000003160

- **c. LEI of Series:** 549300TB7KW4SLKSLR34

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $1180551825.40

**Total Liabilities:** $7285875.45

**Net Assets:** $1173265949.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1284.49442619 | **1-Year:** 38904.60702011 | **5-Year:** 194053.04767724 | **10-Year:** 312888.78986068 | **30-Year:** 140858.47793345

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008547 | -3.45%               | -2.07%               | -5.59%               |
| Class ID C000035282 | 0.31%                | 1.65%                | -1.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $134043.11               | $101669.16                                 |
| Month 2  | $108005.58               | $16696828.16                               |
| Month 3  | $165284.44               | $-25707857.10                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aflac Incorporated                                                                              | Aflac Inc 4.00%, Due 10/15/2046                                           | CUSIP: 001055AR3<br>LEI: 549300N0B7DOGLXWPP39 | Long             | DBT              | CORP              | US        |   1408000 | PA      | $1103964.32   | 0.09%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                                       | Corebridge Glob Funding 5.20%, Due 01/12/2029                             | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507643.16    | 0.04%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                                        | AT&T, Inc. 4.75%, Due 05/15/2046                                          | CUSIP: 00206RCQ3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1680463.48   | 0.14%             | 2046-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                        | AT&T, Inc. 5.25%, Due 03/01/2037                                          | CUSIP: 00206RDR0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496918.07    | 0.04%             | 2037-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                     | Abbvie Inc. 2.95%, Due 11/21/2026                                         | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496392.43    | 0.04%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| African Development Bank                                                                        | African Development Bank 3.50% Due 09/18/2029                             | CUSIP: 00828EFD6<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | US        |   2000000 | PA      | $1974650.96   | 0.17%             | 2029-09-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                                                        | Agree LTD Partnership 2.9% Due 10/1/2030                                  | CUSIP: 008513AA1<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    650000 | PA      | $600382.71    | 0.05%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                                                        | Agree LTD Partnership 4.80%, 10/01/2032                                   | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    715000 | PA      | $709869.43    | 0.06%             | 2032-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Air Products & Chemicals, Inc.                                                                  | AIR PRODUCTS AND CHEMICALS INC 4.85%, DUE 02/08/2034                      | CUSIP: 009158BK1<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001196.38   | 0.09%             | 2034-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp                                                                              | Alcon Finance Corp. 2.60% DUE 05/27/2030                                  | CUSIP: 01400EAD5<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1156157.59   | 0.10%             | 2030-05-27      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                           | Alexandria Real Estate 2.95% Due 3/15/2034                                | CUSIP: 015271AY5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $845303.56    | 0.07%             | 2034-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                           | Alexandria Real Estate Equities, Inc. 4.75% Due 04/15/2035                | CUSIP: 015271BA6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1182087.24   | 0.10%             | 2035-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS ISSUER LLC                                                                 | ALIGNED DATA CENTERS ISSUERS 6.00% 08/17/2048                             | CUSIP: 01627AAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1510000 | PA      | $1517057.74   | 0.13%             | 2048-08-17      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| The Allstate Corporation                                                                        | ALLSTATE CORP 5.25% Due 03/30/2033                                        | CUSIP: 020002BK6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021492.26   | 0.09%             | 2033-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Company                                                                         | AMEREN ILL CO 5.9% Due 12/01/2052                                         | CUSIP: 02361DAZ3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2267196.08   | 0.19%             | 2052-12-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Ameren Missouri Securitization Funding I LLC                                                    | Ameren Missouri 4.85% Due 10/01/2041                                      | CUSIP: 023940AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2986811 | PA      | $2980481.90   | 0.25%             | 2039-10-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                                    | American National Group 5.75% Due 10/01/2029                              | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1869083.03   | 0.16%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                        | American Express Co 5.019% Due 04/25/2031                                 | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508325.45    | 0.04%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent L P                                                                       | American Homes 4 Rent 5.50%, Due 02/01/2034                               | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017499.90   | 0.17%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| AMERICAN MUN PWR OHIO INC                                                                       | American Municipal Power Ohio, Inc., Rev. Taxable-Hydroelectric Projects  | CUSIP: 02765UEP5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    520000 | PA      | $539533.90    | 0.05%             | 2028-02-15      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| American National Global Funding                                                                | American National Global 4.875% Due 01/23/2031                            | CUSIP: 02771D2E3<br>LEI: 63540033TQXTOXKK1L93 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980182.01    | 0.08%             | 2031-01-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| American Tower Trust I                                                                          | American Tower Trust I 3.625%, 03/23/28                                   | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1978312.40   | 0.17%             | 2028-03-23      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| American Water Capital Corp                                                                     | American Water Capital Corporation 2.8%, DUE 05/01/2030                   | CUSIP: 03040WAW5<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1408111.11   | 0.12%             | 2030-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                      | Amgen Incorporated 3.00%, Due 02/22/2029                                  | CUSIP: 031162DD9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2412241.35   | 0.21%             | 2029-02-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Andrew W. Mellon Foundation                                                                     | ANDREW W MELLON FNDTN .947% DUE 08/01/2027                                | CUSIP: 03444RAB4<br>LEI: HVIJIPOQ5TXYVD3NET54 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1008921.27   | 0.09%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                                      | Apple, Inc. 3.0%, Due 06/20/2017                                          | CUSIP: 037833CX6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989210.34    | 0.08%             | 2027-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                                      | Apple, Inc. 2.65%, Due 05/11/2050                                         | CUSIP: 037833DW7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $611872.86    | 0.05%             | 2050-05-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                                      | Apple, Inc. 2.65%, Due 02/08/2051                                         | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1210398.28   | 0.10%             | 2051-02-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                                          | Asian Development Bank 3.125%, Due 09/26/2028                             | CUSIP: 045167EJ8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $983359.00    | 0.08%             | 2028-09-26      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                                           | ATHENE GLOBAL FUNDING 5.5830%, Due 01/09/2029                             | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2018388.96   | 0.17%             | 2029-01-09      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Avery Dennison Corporation                                                                      | Avery Dennison Corp 2.65% DUE 04/30/2030                                  | CUSIP: 053611AK5<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1155461.68   | 0.10%             | 2030-04-30      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Avista Corporation                                                                              | Avista Corp 4% Due 4/1/2052                                               | CUSIP: 05379BAR8<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $749520.21    | 0.06%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                                                            | Bank of America Credit Card Trust 4.98% Due 11/15/2028                    | CUSIP: 05522RDH8<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   4116000 | PA      | $4142193.81   | 0.35%             | 2028-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | Bank of America Corporation 4.271%, Due 07/23/2029                        | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995923.78    | 0.08%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | Bank of America 0.981%, DUE 09/25/2025                                    | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1334578.50   | 0.11%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | Bank of America 2.972% Due 02/04/2033                                     | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905213.09    | 0.08%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | Bank of America 5.464% Due 05/09/2036                                     | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509971.62    | 0.04%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                                | Bank of Montreal 5.203% Due 02/28/2028                                    | CUSIP: 06368LGV2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1776246.69   | 0.15%             | 2028-02-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                               | BANK NEW YORK MELLON CORP 4.967% Due 4/26/34                              | CUSIP: 06406RBR7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005113.88   | 0.17%             | 2034-04-26      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Beacon Container Finance II LLC                                                                 | BEACON CONTAINER FINANCE 2.25%, DUE 10/22/2046                            | CUSIP: 07359BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3509125 | PA      | $3264445.19   | 0.28%             | 2046-10-22      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Bluehub Loan Fund, Inc.                                                                         | Bluehub Loan Fund 3.099% DUE 01/01/2030                                   | CUSIP: 095623AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1030000 | PA      | $953285.18    | 0.08%             | 2030-01-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Leland Stanford Junior University                                                               | LELAND STANFORD JR UNIV CALIF 3.46%, DUE 05/01/2047                       | CUSIP: 09659DAB2<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |   2415000 | PA      | $1833551.55   | 0.16%             | 2047-05-01      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BorgWarner Inc.                                                                                 | Borgwarner Inc 2.65% DUE 07/1/2027                                        | CUSIP: 099724AL0<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    601000 | PA      | $587321.89    | 0.05%             | 2027-07-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                                                            | Boston Properties LP 4.5%, Due 12/01/2028                                 | CUSIP: 10112RBA1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1241737.41   | 0.11%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                                         | Brookfield Finance, Inc. 4.25%, Due 06/02/2026                            | CUSIP: 11271LAA0<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1568604.68   | 0.13%             | 2026-06-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| The Brooklyn Union Gas Company                                                                  | Brooklyn Union Gas Company 4.504%, Due 03/10/2046                         | CUSIP: 114259AP9<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1017925.56   | 0.09%             | 2046-03-10      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                | Burlington Northern Santa Fe, LLC 5.75%, Due 05/01/2040                   | CUSIP: 12189LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2078000 | PA      | $2157748.88   | 0.18%             | 2040-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CCL Industries Inc                                                                              | CCL Industries 3.05% DUE 06/01/2030                                       | CUSIP: 124900AD3<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1633011.28   | 0.14%             | 2030-06-01      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| CLI Funding Llc                                                                                 | CLI Funding 2.72% Due 1/18/2047                                           | CUSIP: 12565KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    885189 | PA      | $812799.86    | 0.07%             | 2047-01-18      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                                       | Commercial Mortgage Pass Through Certificates Series 2012-CR4 Class A3    | CUSIP: 12624QAR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32965 | PA      | $32760.50     | 0.00%             | 2045-10-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Caledonia Generating LLC                                                                        | CALEDONIA GENERA - NEWCAL 1.95%, DUE 02/28/2034                           | CUSIP: 129268AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1305851 | PA      | $1129878.58   | 0.10%             | 2034-02-28      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| California Endowment Inc.                                                                       | CALIFORNIA ENDOWMENT SR BD 2.498%, DUE 04/01/2051                         | CUSIP: 1301ETAA0<br>LEI: 54930046FICHFANLFV69 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $2646701.10   | 0.23%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Capital Inc.                                                                     | Calvert Impact Capital, Inc. 4.00% 06/15/28                               | CUSIP: 13162EKS4<br>LEI: 549300B32FCKBWZSDR33 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1160710.31   | 0.10%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Capital Inc.                                                                     | CALVERT IMPACT CAPITAL 5.00%, Due 12/15/2028                              | CUSIP: 13162EME3<br>LEI: 549300B32FCKBWZSDR33 | Long             | DBT              | CORP              | US        |    450000 | PA      | $442865.79    | 0.04%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Capital Inc.                                                                     | Calvert Impact Capital 5.0% 06/15/2029                                    | CUSIP: 13162ENS1<br>LEI: 549300B32FCKBWZSDR33 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1756214.49   | 0.15%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Capital Inc.                                                                     | Calvert Impact Capital 4.5% Due 12/14/2029                                | CUSIP: 13162EQE9<br>LEI: 549300B32FCKBWZSDR33 | Long             | DBT              | CORP              | US        |    550000 | PA      | $528364.19    | 0.05%             | 2029-12-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Capital Inc.                                                                     | Calvert Impact Capital Inc. 4.5% Due 06/14/2030                           | CUSIP: 13162ERS7<br>LEI: 549300B32FCKBWZSDR33 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1707384.52   | 0.15%             | 2030-06-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Capital Inc.                                                                     | Calvert Impact Capital 4.5% Due 12/13/2030                                | CUSIP: 13162ETE6<br>LEI: 549300B32FCKBWZSDR33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949115.33    | 0.08%             | 2030-12-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Calvert Impact Climate Inc.                                                                     | Calvert Impact Climate 5.50% 12/15/53                                     | CUSIP: 13162GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    985802 | PA      | $871482.52    | 0.07%             | 2053-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Camden Property Trust                                                                           | Camden Property 2.8% DUE 05/15/2030                                       | CUSIP: 133131AZ5<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1400693.78   | 0.12%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                                | Canadian Pacific Railway 2.05% DUE 03/05/2030                             | CUSIP: 13648TAA5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1600597.36   | 0.14%             | 2030-03-05      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Capital Impact Partners                                                                         | CAPITAL IMPACT PARTNERS 5.00%, Due 12/15/2026                             | CUSIP: 14020AEF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $501227.19    | 0.04%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Impact Partners                                                                         | Capital Impact Partners 4.5% Due 06/15/2026                               | CUSIP: 14020AFB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1801509.45   | 0.15%             | 2026-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cargill Inc.                                                                                    | Cargill, Inc. 4.76%, Due 11/23/2045                                       | CUSIP: 141781BF0<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1327622.66   | 0.11%             | 2045-11-23      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                                                         | Centerpoint Energy Houston 5.3% Due 10/01/2053                            | CUSIP: 15189XBC1<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $937471.92    | 0.08%             | 2053-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Central American Bank For Economic Integration - Banco Centroamericano De Integracion Economica | Central American Bank 3.75% Due 01/22/2029                                | CUSIP: 15238PAL0<br>LEI: 549300OLDAMXBPSHIC05 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $198407.97    | 0.02%             | 2029-01-22      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | Citigroup Inc 2.572% DUE 06/03/2031                                       | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1833360.30   | 0.16%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                                              | Coca-Cola Company 3.45% Due 03/25/2030                                    | CUSIP: 191216CT5<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486881.00    | 0.04%             | 2030-03-25      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Coca-Cola FEMSA SAB de CV                                                                       | Coca-Cola Femsa SAB CV 1.850% Due 09/01/2032                              | CUSIP: 191241AJ7<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $834262.30    | 0.07%             | 2032-09-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                             | Comcast Corp. 3.3% Due 04/01/2027                                         | CUSIP: 20030NDK4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495118.58    | 0.04%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                             | Comcast Corporation 4.75%, Due 03/01/2044                                 | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    672000 | PA      | $372264.53    | 0.03%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                             | Comcast Corp. 4.65% Due 02/15/2033                                        | CUSIP: 20030NEC1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990070.06    | 0.08%             | 2033-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Community Preservation Corporation                                                              | Community Preservation 2.867% DUE 02/01/2030                              | CUSIP: 20402CAA3<br>LEI: 254900CWS66ZXCS6P481 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2314232.50   | 0.20%             | 2030-02-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Conservation Fund / Sustainable Conservation Inc                                                | Conservation Fund 3.474% due 12/15/19                                     | CUSIP: 20848FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $510223.62    | 0.04%             | 2029-12-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                                   | Consolidated Edison Co 3.35% DUE 04/01/2030                               | CUSIP: 209111FX6<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $959240.97    | 0.08%             | 2030-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Cousins Properties LP                                                                           | Cousins Properties LP 5.375% Due 02/15/2032                               | CUSIP: 222793AB7<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1660264.72   | 0.14%             | 2032-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                              | CyrusOne Data Centers Issuer 4.50% due 05/20/2049                         | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2525000 | PA      | $2454458.07   | 0.21%             | 2049-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                           | DNKN 2021-1A A2II Mortgage 2.493% Due 11/20/2051                          | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1938938 | PA      | $1824749.59   | 0.16%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| DTE Energy Co.                                                                                  | DTE ENERGY CO 4.875% Due 06/01/2028                                       | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1513463.43   | 0.13%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                                | DTE Electric Co. 4.05%, Due 05/15/2048                                    | CUSIP: 23338VAH9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1374237.87   | 0.12%             | 2048-05-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                                | DTE Electric Company 3.65% Due 3/1/2052                                   | CUSIP: 23338VAR7<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    750000 | PA      | $543847.48    | 0.05%             | 2052-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                                        | John Deere Corp 3.05% DUE 01/06/2028                                      | CUSIP: 24422EUB3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1228653.68   | 0.10%             | 2028-01-06      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                                        | John Deere Capital 1.75% DUE 03/09/2027                                   | CUSIP: 24422EVF3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244578.27    | 0.02%             | 2027-03-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.                                                                      | Digitial Realty Trust L.P. 2.65%, Due 02/08/2051                          | CUSIP: 25389JAV8<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2289872.70   | 0.20%             | 2028-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas  LLC                                                                      | Duke Energy Carolinas 3.55% Due 3/15/2052                                 | CUSIP: 26442CBH6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1546461.12   | 0.13%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                                        | Duke Energy, LLC. 3.450%    Due 03/15/2029                                | CUSIP: 26442UAH7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1711839.40   | 0.15%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                                        | DUKE ENERGY PROGRESS NC 2.799%, DUE 07/01/2041                            | CUSIP: 26442UAP9<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1130843.07   | 0.10%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas NC Storm Funding II LLC                                                   | Duke Energy NC ST FDG II 5.07% Due 01/01/2046                             | CUSIP: 26443UAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2925686.25   | 0.25%             | 2046-01-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress NC Storm Funding LLC                                                       | DUKE ENERGY PROGRESS NC 2.799%, DUE 07/01/2041                            | CUSIP: 26444BAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1540499.86   | 0.13%             | 2041-07-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida Project Finance, LLC                                                        | Duke Energy Florida Project Finance, LLC 3.1120% due 09/01/2036           | CUSIP: 26444GAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1286095.37   | 0.11%             | 2036-09-01      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress SC Storm Funding LLC                                                       | Duke Energy Progress SC Storm Funding LLC 5.404% due 03/01/2044           | CUSIP: 26445CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    621719 | PA      | $623935.90    | 0.05%             | 2044-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ERP Operating Limited Partnership                                                               | ERP Operating L.P. 4.15%, due 12/01/2028                                  | CUSIP: 26884ABK8<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1243774.95   | 0.11%             | 2028-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc.                                                                                     | EcoLab Inc 4.8% DUE 03/24/2030                                            | CUSIP: 278865BE9<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142213.14    | 0.01%             | 2030-03-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc.                                                                                     | Ecolab, Inc. 2.75%, DUE 08/18/2055                                        | CUSIP: 278865BJ8<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $863406.31    | 0.07%             | 2055-08-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio Lp                                                                              | ESSEX Portfolio LP 2.65% DUE 03/15/2032                                   | CUSIP: 29717PAV9<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1318724.84   | 0.11%             | 2032-03-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio Lp                                                                              | Essex Portfolio LP 5.50%, Due 04/01/2034                                  | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253136.65    | 0.02%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| The Estee Lauder Companies Inc.                                                                 | Estee Lauder Co. 2.6% DUE 04/15/2030                                      | CUSIP: 29736RAQ3<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $927663.64    | 0.08%             | 2030-04-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                                        | European Investment Bank 2.125%, Due 04/13/2026                           | CUSIP: 298785HD1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $999345.12    | 0.09%             | 2026-04-13      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                                        | European Investment Bank 2.375%, Due 05/24/2027                           | CUSIP: 298785HM1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | US        |   4000000 | PA      | $3935538.32   | 0.34%             | 2027-05-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                                        | EURO INVTBK SR GLBL  4.375% Due 10/10/31                                  | CUSIP: 298785KE5<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | US        |   5000000 | PA      | $5085415.85   | 0.43%             | 2031-10-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Experian Finance plc                                                                            | Experian Financial PLC 2.750%, DUE 03/08/2030                             | CUSIP: 30217AAC7<br>LEI: 635400RKRK5EGXSPC782 | Long             | DBT              | CORP              | US        |    635000 | PA      | $593540.81    | 0.05%             | 2030-03-08      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| F&G Global Funding                                                                              | F&G GLOBAL FUNDING 2.3%, DUE 04/11/2027                                   | CUSIP: 30321L2D3<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    535000 | PA      | $521651.10    | 0.04%             | 2027-04-11      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G01217                       | CUSIP: 31283HK61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10202 | PA      | $10724.43     | 0.00%             | 2031-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #D99701                       | CUSIP: 3128E6X69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    239112 | PA      | $231542.54    | 0.02%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #A49813                       | CUSIP: 3128KA3W9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16961 | PA      | $17605.71     | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G01890                       | CUSIP: 3128LXC32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42879 | PA      | $42489.62     | 0.00%             | 2035-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G02194                       | CUSIP: 3128LXNK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17107 | PA      | $17674.71     | 0.00%             | 2036-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G02254                       | CUSIP: 3128LXQF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12565 | PA      | $12981.91     | 0.00%             | 2036-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G02408                       | CUSIP: 3128M4AH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14249 | PA      | $14721.98     | 0.00%             | 2036-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G03158                       | CUSIP: 3128M4ZX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6402 | PA      | $6704.77      | 0.00%             | 2037-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G04913                       | CUSIP: 3128M6YJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75920 | PA      | $76821.38     | 0.01%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G05535                       | CUSIP: 3128M7PU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     78776 | PA      | $78058.81     | 0.01%             | 2039-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G06784                       | CUSIP: 3128M82R4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    121799 | PA      | $115701.26    | 0.01%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G06766                       | CUSIP: 3128M8Z72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99496 | PA      | $100680.94    | 0.01%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G07504                       | CUSIP: 3128M9U59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    244245 | PA      | $242021.33    | 0.02%             | 2041-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC GOLD 3.50%  Due 03/01/2049                                          | CUSIP: 3128MJ6B1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    380244 | PA      | $353224.33    | 0.03%             | 2049-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G08348                       | CUSIP: 3128MJL65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    120882 | PA      | $122320.51    | 0.01%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G08636                       | CUSIP: 3128MJV64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    291242 | PA      | $273469.38    | 0.02%             | 2045-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G08609                       | CUSIP: 3128MJVB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    253176 | PA      | $238056.04    | 0.02%             | 2044-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G08615                       | CUSIP: 3128MJVH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    231147 | PA      | $217318.67    | 0.02%             | 2044-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G18446                       | CUSIP: 3128MMP80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48822 | PA      | $48267.41     | 0.00%             | 2027-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C91027                       | CUSIP: 3128P7D83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5730 | PA      | $5846.88      | 0.00%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C91581                       | CUSIP: 3128P7XJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180889 | PA      | $175234.69    | 0.01%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 0.00%, Due 11/15/2038                    | CUSIP: 3128X74S0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   4331000 | PA      | $2384105.36   | 0.20%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C03517                       | CUSIP: 31292K4A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    114271 | PA      | $113230.18    | 0.01%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C03744                       | CUSIP: 31292LER2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56636 | PA      | $54767.69     | 0.00%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C04306                       | CUSIP: 31292LYB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    580390 | PA      | $532444.71    | 0.05%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C09022                       | CUSIP: 31292SAX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    332933 | PA      | $305325.28    | 0.03%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #A86951                       | CUSIP: 312933WL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80044 | PA      | $79315.57     | 0.01%             | 2039-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #A89870                       | CUSIP: 3129366F9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     71981 | PA      | $71325.62     | 0.01%             | 2039-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #A16232                       | CUSIP: 31296Q4R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10842 | PA      | $10920.16     | 0.00%             | 2033-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #A35795                       | CUSIP: 31297RNL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29223 | PA      | $29405.57     | 0.00%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C42981                       | CUSIP: 31298BJ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5282 | PA      | $5551.97      | 0.00%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #C43027                       | CUSIP: 31298BLG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6672 | PA      | $6799.74      | 0.00%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FEDERAL HOME LOAN BANK 3.25%, DUE 11/16/2028                              | CUSIP: 3130AFFX0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  13000000 | PA      | $12816565.19  | 1.09%             | 2028-11-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 2.59%, Due 03/19/2040                              | CUSIP: 3130AJB24<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   4000000 | PA      | $3032233.80   | 0.26%             | 2040-03-19      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 2.34%, DUE 03/26/2040                              | CUSIP: 3130AJD97<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $738233.45    | 0.06%             | 2040-03-26      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 2.07%, Due 06/29/2040                              | CUSIP: 3130AJRH4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1715000 | PA      | $1209980.52   | 0.10%             | 2040-06-29      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 2.01%, Due 07/16/2040                              | CUSIP: 3130AJSU4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2685000 | PA      | $1873246.45   | 0.16%             | 2040-07-16      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FEDERAL HOME LOAN BANKS 4.5% Due 3/10/2028                                | CUSIP: 3130ATS57<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3000000 | PA      | $3036392.19   | 0.26%             | 2028-03-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FEDERAL HOME LOAN BANKS 4.25% Due 12/10/2027                              | CUSIP: 3130ATUS4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  11000000 | PA      | $11078220.78  | 0.94%             | 2027-12-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FEDERAL HOME LOAN BANKS 1.25% Due 12/21/2026                              | CUSIP: 3130AWN63<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3200000 | PA      | $3217652.13   | 0.27%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 4.125%, Due 01/15/2027                             | CUSIP: 3130AYPN0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   7000000 | PA      | $7019961.97   | 0.60%             | 2027-01-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 2.59%, Due 03/19/2040                              | CUSIP: 3130B14R5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   7200000 | PA      | $7340856.48   | 0.63%             | 2044-03-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 1.50%, Due 04/01/2036                    | CUSIP: 3132D57J5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3797893 | PA      | $3426978.21   | 0.29%             | 2036-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC SUPER 30Y FIXED 2% Due 2/1/37                                       | CUSIP: 3132D6BJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3079501 | PA      | $2834972.76   | 0.24%             | 2037-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC 3.5% Due 07/01/2049                                                 | CUSIP: 3132DV3J2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    608085 | PA      | $563851.15    | 0.05%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA 3.0% DUE 09/01/2049                                                  | CUSIP: 3132DV3T0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    723487 | PA      | $644728.24    | 0.05%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Super 30Y Fixed 3% DUE 07/1/2050                                    | CUSIP: 3132DV6K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1787054 | PA      | $1575848.07   | 0.13%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Super 30Y Fixed 2% DUE 08/01/2050                                   | CUSIP: 3132DV7J8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2641618 | PA      | $2152524.62   | 0.18%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Super 30Y 1.5% Due 11/01/2050                                       | CUSIP: 3132DWAD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6912478 | PA      | $5360382.87   | 0.46%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Super 30Y Fixed 3% DUE 07/1/2050                                    | CUSIP: 3132DWAW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6502344 | PA      | $5293045.04   | 0.45%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Super 30Y Fixed 2%, DUE 08/01/2051                                  | CUSIP: 3132DWB51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2709108 | PA      | $2197634.08   | 0.19%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Super 30Y Fixed 0.025                                               | CUSIP: 3132DWBJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6365479 | PA      | $5396808.67   | 0.46%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 2.500%, Due 02/01/2052                   | CUSIP: 3132DWC76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5275047 | PA      | $4465641.85   | 0.38%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp 2.5% Due 9/1/2051                         | CUSIP: 3132DWCC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2492276 | PA      | $2103453.54   | 0.18%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp 3.00% Due 07/01/2052                      | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14613909 | PA      | $12863268.72  | 1.10%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 4.00%, Due 07/01/2052                    | CUSIP: 3132DWD83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4707640 | PA      | $4462647.71   | 0.38%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC 2% Due 4/1/52                                                       | CUSIP: 3132DWDH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4017310 | PA      | $3249421.72   | 0.28%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation 6.25%, Due 07/15/2032              | CUSIP: 3132DWDK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4602811 | PA      | $4052014.68   | 0.35%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 2.50%, Due 05/01/2052                    | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5591483 | PA      | $4730014.32   | 0.40%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 3.00%, Due 05/01/2052                    | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7857377 | PA      | $6917121.29   | 0.59%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC SUPER 30Y FIXED 4% Due 10/1/52                                      | CUSIP: 3132DWE58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9619022 | PA      | $9090332.92   | 0.77%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp 4.00% Due 08/01/2052                      | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4766403 | PA      | $4507018.44   | 0.38%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC SUPER 30Y FIXED 3.5% Due 9/1/52                                     | CUSIP: 3132DWEQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10510713 | PA      | $9647316.34   | 0.82%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC 4.5% Due 09/01/2052                                                 | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7911266 | PA      | $7672931.03   | 0.65%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 5.50%, Due 05/01/2053                    | CUSIP: 3132DWG98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5074786 | PA      | $5116924.58   | 0.44%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q00876                       | CUSIP: 3132GD6M9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    229828 | PA      | $227734.95    | 0.02%             | 2041-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q04096                       | CUSIP: 3132GKGD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    133800 | PA      | $129379.01    | 0.01%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q06065                       | CUSIP: 3132GRCA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    215801 | PA      | $204170.70    | 0.02%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q08998                       | CUSIP: 3132GUKK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    256699 | PA      | $242944.41    | 0.02%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q09005                       | CUSIP: 3132GUKS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    254773 | PA      | $240884.06    | 0.02%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q10381                       | CUSIP: 3132HLM67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    301059 | PA      | $284459.76    | 0.02%             | 2042-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q18259                       | CUSIP: 3132J9TR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    433130 | PA      | $396872.43    | 0.03%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #Q40598                       | CUSIP: 3132WDUY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    502564 | PA      | $453728.52    | 0.04%             | 2046-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G67709                       | CUSIP: 3132XCR64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1358031 | PA      | $1272386.35   | 0.11%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #G60989                       | CUSIP: 31335BC20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1237909 | PA      | $1118837.00   | 0.10%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                       | Federal Farm Credit Bank 1.95% Due 08/13/2040                             | CUSIP: 3133EL3Q5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4937000 | PA      | $3343485.55   | 0.28%             | 2040-08-13      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool FR RA6649                     | CUSIP: 3133KNL68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4806791 | PA      | $3889228.99   | 0.33%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Bank 5.50%, Due 07/15/2036                              | CUSIP: 3133XGAY0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  23620000 | PA      | $25716947.23  | 2.19%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation Pool #FH781632                     | CUSIP: 31349SY56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13443 | PA      | $13791.81     | 0.00%             | 2034-05-01      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation 6.25%, Due 07/15/2032              | CUSIP: 3134A4KX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   7050000 | PA      | $7867138.99   | 0.67%             | 2032-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 2.050%, Due 08/19/2050                   | CUSIP: 3134GWQD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   2500000 | PA      | $1341359.55   | 0.11%             | 2050-08-19      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 6.625%, Due 11/15/2030              | CUSIP: 31359MGK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |  12750000 | PA      | $14171859.47  | 1.21%             | 2030-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association .875% DUE 08/5/2030                 | CUSIP: 3135G05Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |  24000000 | PA      | $21093287.76  | 1.80%             | 2030-08-05      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Fannie Mae .75% Due 10/08/2027                                            | CUSIP: 3135G05Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   8000000 | PA      | $7639800.72   | 0.65%             | 2027-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Series 2018-M8 Class A2             | CUSIP: 3136B2GX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1573117 | PA      | $1549344.43   | 0.13%             | 2028-06-25      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association FR, Due 09/25/2028                  | CUSIP: 3136B3XY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2816961 | PA      | $2781779.55   | 0.24%             | 2028-09-25      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FANNIE MAE REMIC TR 2019-M22 2.522% 8/27/29                               | CUSIP: 3136B6XJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4768698 | PA      | $4533201.23   | 0.39%             | 2029-08-27      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA Remic 2.500% Due 10/25/2037                                          | CUSIP: 3136B8UA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1261009 | PA      | $1119795.38   | 0.10%             | 2037-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA 2020-M53 A2 1.68350% Due 11/25/2032                                  | CUSIP: 3136BC7H7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5000000 | PA      | $4272653.00   | 0.36%             | 2032-11-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA-ACES 1.38345% Due 12/25/2030 1.38345% Due 12/25/2030                 | CUSIP: 3136BDXH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4367316 | PA      | $3886124.12   | 0.33%             | 2030-12-25      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNA 2021-M1G FLOAT                                                        | CUSIP: 3136BFRV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3000000 | PA      | $2657373.60   | 0.23%             | 2030-11-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNA 2021-M3G A2 (FANNIEMAE-ACES) 1.25043% Due 01/25/2031                  | CUSIP: 3136BG3C3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  16000000 | PA      | $14023324.80  | 1.20%             | 2031-01-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNA 2021-M2G A2 (FANNIEMAE-ACES) 1.37556% Due 03/25/2031                  | CUSIP: 3136BHB73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1000000 | PA      | $877763.90    | 0.07%             | 2031-03-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA Remic Trust 1.249% Due 12/25/2030                                    | CUSIP: 3136BLQ45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4000000 | PA      | $3481046.00   | 0.30%             | 2030-12-25      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA Remic Trust 2022 1.583% Due 09/25/2031                               | CUSIP: 3136BLRM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1125000 | PA      | $989661.38    | 0.08%             | 2031-09-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 3.759% Due 08/25/2032               | CUSIP: 3136BPHK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   9947159 | PA      | $9619911.64   | 0.82%             | 2032-08-25      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Fanniemae-Aces Flt. Rate, Due 04/25/2033                                  | CUSIP: 3136BQCX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2000000 | PA      | $2004325.40   | 0.17%             | 2033-04-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #255899                        | CUSIP: 31371MGG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34645 | PA      | $35751.16     | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Realty OP LP                                                                            | FEDERAL REALTY OP LP 5.375% Due 5/1/2028                                  | CUSIP: 313747BC0<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1522846.73   | 0.13%             | 2028-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #357486                        | CUSIP: 31376KCX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13233 | PA      | $13529.36     | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Series KG04 Class A2 1.487%, DUE 11/25/2030                         | CUSIP: 3137F84S9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  16167800 | PA      | $14328834.01  | 1.22%             | 2030-11-25      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Remic Series 1.234% Due 02/25/2030                                  | CUSIP: 3137FFXK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    931590 | PA      | $874797.80    | 0.07%             | 2030-02-25      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC REMIC K-G05                                                         | CUSIP: 3137FFXL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3328000 | PA      | $3047014.96   | 0.26%             | 2031-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FREMF 2.939% 04/25/2029                                                   | CUSIP: 3137FMCZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   7000000 | PA      | $6732079.20   | 0.57%             | 2029-04-25      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FREMF 2.875% Due 04/25/2026                                               | CUSIP: 3137FMD25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    279547 | PA      | $278768.35    | 0.02%             | 2026-04-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FREMF 2.875% Due 04/25/2026                                               | CUSIP: 3137FMD33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1221214 | PA      | $1196725.12   | 0.10%             | 2029-04-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA  2.412% Due 8/25/2029                                                | CUSIP: 3137FPHR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5780000 | PA      | $5475020.61   | 0.47%             | 2029-08-25      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp 2.797% Due 08/25/2034                     | CUSIP: 3137FPJ97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5000000 | PA      | $4391955.00   | 0.37%             | 2034-08-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Remic Series 2019 2.459% Due 07/22/2033                             | CUSIP: 3137FQKU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3000000 | PA      | $2553467.40   | 0.22%             | 2033-07-25      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC REMIC SERIES 1.297% Due 6/25/2030                                   | CUSIP: 3137FVED0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  13000000 | PA      | $11565811.40  | 0.99%             | 2030-06-25      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Freddie Mac 1.78283%, Due 06/25/2034                                      | CUSIP: 3137FWHZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2084061 | PA      | $1735284.43   | 0.15%             | 2034-06-25      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corp. 1.406%, Due 08/25/2030                   | CUSIP: 3137FX3Q9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2000000 | PA      | $1780194.20   | 0.15%             | 2030-08-25      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal Home Loan Mortgage Corporation 2.522% 8/27/29                     | CUSIP: 3137FXLX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5324300 | PA      | $4751814.76   | 0.41%             | 2030-09-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FHLMC K-1520 FLOATER                                                      | CUSIP: 3137FYTX4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   4000000 | PA      | $3302180.80   | 0.28%             | 2036-02-25      | Variable      | 2.44%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHMR 2021-P0009 A2 1.878%, DUE 01/25/31                                   | CUSIP: 3137H13V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2720745 | PA      | $2453484.59   | 0.21%             | 2031-01-25      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FHLMC MULTIFAMILY FHMS KG06 A2                                            | CUSIP: 3137H4C65<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   5000000 | PA      | $4397235.00   | 0.37%             | 2031-10-25      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Mortgage Corp. 2.154%, Due 10/25/2031                   | CUSIP: 3137H4R36<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   4000000 | PA      | $3581418.00   | 0.31%             | 2031-10-25      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FHLMC Remic Series 2.361% Due 10/25/36                                    | CUSIP: 3137H4RG7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |  18750000 | PA      | $15143418.75  | 1.29%             | 2036-10-25      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | FHLMC REMIC SERIES K-SG2 20311125 2.091%, DUE 11/15/2031                  | CUSIP: 3137H4S84<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |  11700000 | PA      | $10383555.78  | 0.89%             | 2031-11-25      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Mortgage Corp. 2.127%, Due 11/25/2031                   | CUSIP: 3137H4SH4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   9000000 | PA      | $8030093.40   | 0.68%             | 2031-11-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal Home Loan Mortgage Corp. 2.347% 11/25/2031                        | CUSIP: 3137H5DP9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |  17900000 | PA      | $16142914.52  | 1.38%             | 2031-11-25      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                          | FHLMC REMIC 2.25% Due 01/25/2032                                          | CUSIP: 3137H6LZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   9000000 | PA      | $8043396.30   | 0.69%             | 2032-01-25      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Remic Series 2.35% Due 03/25/2032                                   | CUSIP: 3137H74A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  14930000 | PA      | $13378202.67  | 1.14%             | 2032-03-25      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC 2.45%, Due 04/25/2032                                               | CUSIP: 3137H7M91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   7100000 | PA      | $6387865.74   | 0.54%             | 2032-04-25      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC SUPER 30Y FIXED 2.65% Due 5/25/32                                   | CUSIP: 3137H7MF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  12450000 | PA      | $11280915.12  | 0.96%             | 2032-05-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC Remic Series 2.58% Due 05/25/2032                                   | CUSIP: 3137H7QH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5013000 | PA      | $4533610.82   | 0.39%             | 2032-05-25      | Variable      | 2.58%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FHLMC 2.25%, DUE 10/22/2046                                               | CUSIP: 3137H8TZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5710000 | PA      | $5297229.81   | 0.45%             | 2032-08-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AJ4050                        | CUSIP: 3138AVQC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92157 | PA      | $89007.17     | 0.01%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AJ5303                        | CUSIP: 3138AW3M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108652 | PA      | $104937.50    | 0.01%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AJ7689                        | CUSIP: 3138E0RK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    129842 | PA      | $125403.49    | 0.01%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AJ8480                        | CUSIP: 3138E1M61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180600 | PA      | $174368.47    | 0.01%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AJ9332                        | CUSIP: 3138E2LN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    412515 | PA      | $400480.02    | 0.03%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AL2861                        | CUSIP: 3138EKFB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    436910 | PA      | $412582.60    | 0.04%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AL6847                        | CUSIP: 3138EPTD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    572423 | PA      | $538976.25    | 0.05%             | 2045-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #A02977                        | CUSIP: 3138LTJX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    217023 | PA      | $205006.86    | 0.02%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AP1949                        | CUSIP: 3138M5EX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    286312 | PA      | $262340.13    | 0.02%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AP2465                        | CUSIP: 3138M5W39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    330765 | PA      | $303071.35    | 0.03%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AP7534                        | CUSIP: 3138MBLQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46991 | PA      | $46463.24     | 0.00%             | 2027-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AQ9362                        | CUSIP: 3138MRML2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56735 | PA      | $55979.35     | 0.00%             | 2028-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AS3945                        | CUSIP: 3138WDL33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    489444 | PA      | $471789.93    | 0.04%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool FN AS8591                      | CUSIP: 3138WJRM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    616758 | PA      | $586529.90    | 0.05%             | 2032-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AT5895                        | CUSIP: 3138WTRR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    375520 | PA      | $343842.21    | 0.03%             | 2043-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 5.625%, Due 07/15/2037              | CUSIP: 31398AFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |  14250000 | PA      | $15509945.81  | 1.32%             | 2037-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #725554                        | CUSIP: 31402DBX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11586 | PA      | $11738.28     | 0.00%             | 2034-05-01      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #735060                        | CUSIP: 31402QTR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30088 | PA      | $31133.29     | 0.00%             | 2034-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #738252                        | CUSIP: 31402UEZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7308 | PA      | $7449.56      | 0.00%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #745002                        | CUSIP: 31403CU33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16189 | PA      | $16600.75     | 0.00%             | 2035-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #FN807967                      | CUSIP: 31406ETY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19588 | PA      | $20079.16     | 0.00%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #FN831544                      | CUSIP: 31407HZH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9412 | PA      | $9872.78      | 0.00%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #FN836283                      | CUSIP: 31407PCU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24889 | PA      | $25117.66     | 0.00%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #BC0830                        | CUSIP: 3140EU4Q9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    488637 | PA      | $441975.87    | 0.04%             | 2046-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #BE5067                        | CUSIP: 3140FQTZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    819325 | PA      | $769356.66    | 0.07%             | 2046-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA #2336 2.91% due 04/01/2026                                           | CUSIP: 3140HTSQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2992061.79   | 0.26%             | 2026-04-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #BM5573                        | CUSIP: 3140JAFS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1069025 | PA      | $1017507.89   | 0.09%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 3.50%, Due 08/01/2049               | CUSIP: 3140JQRY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1245962 | PA      | $1154726.92   | 0.10%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA 1.41% Due 2/1/31                                                     | CUSIP: 3140LBD83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2637905.07   | 0.22%             | 2031-02-01      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA MBS 1.82% Due 06/01/2031                                             | CUSIP: 3140LCHA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1769547.76   | 0.15%             | 2031-06-01      | Fixed         | 1.82%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 3% Due 07/01/2052                   | CUSIP: 3140LF3A0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3949068 | PA      | $3768765.60   | 0.32%             | 2029-05-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 2.50%, Due 12/01/2051               | CUSIP: 3140QMUZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7405044 | PA      | $6260164.32   | 0.53%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 3.50%, Due 05/01/2052               | CUSIP: 3140QPAG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6541850 | PA      | $6004196.53   | 0.51%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association 5.00%, Due 06/01/2053               | CUSIP: 3140QSK75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3444293 | PA      | $3412024.43   | 0.29%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #FN891596                      | CUSIP: 31410MRR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8766 | PA      | $9022.69      | 0.00%             | 2036-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #FN902370                      | CUSIP: 31411AQX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13531 | PA      | $13963.36     | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #917955                        | CUSIP: 31411XZU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1738 | PA      | $1752.77      | 0.00%             | 2037-05-01      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AB2089                        | CUSIP: 31416XKB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    120265 | PA      | $116154.88    | 0.01%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AB5463                        | CUSIP: 31417CB95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    409219 | PA      | $374956.13    | 0.03%             | 2042-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AB6812                        | CUSIP: 31417DSA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83095 | PA      | $82074.47     | 0.01%             | 2027-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                         | Federal National Mortgage Association Pool #MA1275                        | CUSIP: 31418AMZ8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    271842 | PA      | $261999.91    | 0.02%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN MA3495 4.0% due 10/1/2048                                              | CUSIP: 31418C3D4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    373315 | PA      | $357473.84    | 0.03%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA 5% Due 8/01/2051                                                     | CUSIP: 31418D3G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11055421 | PA      | $8968185.93   | 0.76%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association Pool #AS3945                        | CUSIP: 31418D6B3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4600428 | PA      | $3727105.17   | 0.32%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA 3.50% Due 05/01/2049                                                 | CUSIP: 31418DB92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    306614 | PA      | $284372.86    | 0.02%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FN MA3687 4.0% due 06/01/2049                                             | CUSIP: 31418DCZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    472841 | PA      | $447864.37    | 0.04%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA 3.0% DUE 09/01/2049                                                  | CUSIP: 31418DFQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    696229 | PA      | $620437.29    | 0.05%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FN MA3930 MTGE 2.5% DUE 02/01/2035                                        | CUSIP: 31418DLL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    712699 | PA      | $673782.17    | 0.06%             | 2035-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA UMBS 30 YR 2.5% DUE 07/01/2020                                       | CUSIP: 31418DQ88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2403490 | PA      | $2045203.16   | 0.17%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA UMBS 3.0%, DUE 06/01/2050                                            | CUSIP: 31418DQA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1441521 | PA      | $1280998.12   | 0.11%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA UMBS LNG 30 YEAR 2.5% DUE 08/01/2050                                 | CUSIP: 31418DRS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1701305 | PA      | $1446297.69   | 0.12%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 3.00%, DUE 08/01/2050               | CUSIP: 31418DRT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2547183 | PA      | $2261163.10   | 0.19%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA 4812 Mortgage 2.00% Due 11/01/2050                                   | CUSIP: 31418DUG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4383997 | PA      | $3570497.71   | 0.30%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 2.00%, DUE 01/01/2051               | CUSIP: 31418DV74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7841049 | PA      | $6382782.86   | 0.54%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA UMBS 0.02                                                            | CUSIP: 31418DWR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4655824 | PA      | $3787029.34   | 0.32%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FN MA4306 Mortgage 2.50%, Due 04/01/2051                                  | CUSIP: 31418DYC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12906534 | PA      | $10942412.63  | 0.93%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA  2.412% Due 8/25/2029                                                | CUSIP: 31418EDC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4786325 | PA      | $4050405.42   | 0.35%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA UMBS LNG 30 YEAR 3.5% Due 05/01/2052                                 | CUSIP: 31418EDE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13558469 | PA      | $12444759.31  | 1.06%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 3% Due 07/01/2052                   | CUSIP: 31418EE30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4064223 | PA      | $3577374.19   | 0.30%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 4.50%, Due 07/01/2052               | CUSIP: 31418EE63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11273833 | PA      | $10914473.16  | 0.93%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FNMA UMBS LNG 30 YEAR 4.5% Due 8/1/52                                     | CUSIP: 31418EGK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5289667 | PA      | $5125423.97   | 0.44%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 3.50%, Due 09/01/2052               | CUSIP: 31418EHH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4050119 | PA      | $3717003.78   | 0.32%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FN MA4732 4.00% Due 09/01/2052                                            | CUSIP: 31418EHJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11795886 | PA      | $11179863.74  | 0.95%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 4.50%, Due 10/01/2052               | CUSIP: 31418EJ68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6045252 | PA      | $5863758.39   | 0.50%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 5.00%, Due 04/01/2053               | CUSIP: 31418EQ86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8544591 | PA      | $8467609.53   | 0.72%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | Federal National Mortgage Association 5.00%, Due 10/01/2053               | CUSIP: 31418EW22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5844883 | PA      | $5784726.77   | 0.49%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AE0828                        | CUSIP: 31419A4N4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    181482 | PA      | $172222.89    | 0.01%             | 2041-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AE0395                        | CUSIP: 31419ANM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65314 | PA      | $64638.76     | 0.01%             | 2040-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AE3049                        | CUSIP: 31419DL74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     66037 | PA      | $65354.29     | 0.01%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | Federal National Mortgage Association Pool #AE8289                        | CUSIP: 31419KF75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    179566 | PA      | $172580.80    | 0.01%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fidelity National Financial, Inc.                                                               | Fedelity National Information Services 3.40%, due 06/15/2030              | CUSIP: 31620RAJ4<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $940270.34    | 0.08%             | 2030-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FINDLAY OHIO CITY SCH DIST                                                                      | Findlay City School District 6.25%, Due 12/01/2037                        | CUSIP: 317747DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $271595.40    | 0.02%             | 2037-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| First American Funds Inc.                                                                       | First American Government Obligations Fund Class X                        | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  16905119 | PA      | $16905119.03  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation                                                            | First American Financial 2.4% Due 8/15/2021                               | CUSIP: 31847RAH5<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1290747.00   | 0.11%             | 2031-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                       | Florida Power & Light Company 3.70%, Due 12/01/2047                       | CUSIP: 341081FP7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1156296.65   | 0.10%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                       | FLORIDA PWR & LT CO 2.875%, DUE 12/04/2051                                | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1243722.64   | 0.11%             | 2051-12-04      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ford Foundation                                                                                 | The Ford Foundation 3.859%, Due 06/01/2047                                | CUSIP: 34531XAA2<br>LEI: 54930013YZ3DULPNNT44 | Long             | DBT              | CORP              | US        |   4620000 | PA      | $3720373.46   | 0.32%             | 2047-06-01      | Fixed         | 3.86%                 | No            |                  2 | On Loan: —       |
| Ford Foundation                                                                                 | Ford Foundation 2.415% Due 6/1/2050                                       | CUSIP: 34531XAB0<br>LEI: 54930013YZ3DULPNNT44 | Long             | DBT              | CORP              | US        |    235000 | PA      | $139095.87    | 0.01%             | 2050-06-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2026-A                                                             | FORDO CR AUTO OWNER TR 4.05% Due 10/15/30                                 | CUSIP: 34532WAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996797.40    | 0.08%             | 2030-10-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                                         | GA GLOBAL FUNDING TRUST 144A 2.25%, DUE 01/06/2027                        | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1966434.32   | 0.17%             | 2027-01-06      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #7052                       | CUSIP: 36179VZR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12811756 | PA      | $11029622.49  | 0.94%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | GNMA MA8199 3.5% Due 08/20/2052                                           | CUSIP: 36179XDC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3387391 | PA      | $3129904.68   | 0.27%             | 2052-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | GNMA MA8425 3.5% Due 11/20/2052                                           | CUSIP: 36179XLE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4014874 | PA      | $3712020.70   | 0.32%             | 2052-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #3010                       | CUSIP: 36202DKX8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3560 | PA      | $3664.95      | 0.00%             | 2030-12-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #3151                       | CUSIP: 36202DQC8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3085 | PA      | $3239.33      | 0.00%             | 2031-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #3216                       | CUSIP: 36202DSD4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13899 | PA      | $14309.11     | 0.00%             | 2032-03-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #4259                       | CUSIP: 36202EWU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4388 | PA      | $4387.86      | 0.00%             | 2038-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #4286                       | CUSIP: 36202EXP9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2686 | PA      | $2762.85      | 0.00%             | 2038-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | Government National Mortgage Association Pool #80799                      | CUSIP: 36225C3H7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9258 | PA      | $9367.08      | 0.00%             | 2034-01-20      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| GABX Leasing LLC                                                                                | GABX LEASING LLC SR 4.625% Due 4/15/31                                    | CUSIP: 36274FAA7<br>LEI: 25490085PXP0WGRIRI44 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1971628.50   | 0.17%             | 2031-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Georgia Power Company                                                                           | Georgia Power Company 3.25%, Due 04/01/2026                               | CUSIP: 373334KE0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2026-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Golden Credit Card Trust                                                                        | Golden Credit Card Trust 1.14% Due 08/15/2028                             | CUSIP: 380881FB3<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $989053.70    | 0.08%             | 2028-08-15      | Fixed         | 1.14%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                       | Goldman Sachs Group Inc 4.223% DUE 05/01/2029                             | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994357.49    | 0.08%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                       | Goldman Sachs Group 3.8% DUE 03/15/2030                                   | CUSIP: 38141GXH2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1457686.80   | 0.12%             | 2030-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS                                                             | GoodLeap Sustainable Home Improvement Loan Trust Series 2024-1GS, Class A | CUSIP: 38237BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1458654 | PA      | $1416133.58   | 0.12%             | 2057-06-20      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HNI Corp                                                                                        | HNI Corp SR SER 144A 5.125 1.18.2029 Callable 7/18/2028 @100              | CUSIP: 404251AA8<br>LEI: 549300SKRADLC4O5HV93 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $956633.99    | 0.08%             | 2029-01-18      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HP Inc                                                                                          | HP Inc. 4.0%, Due 04/15/2029                                              | CUSIP: 40434LAK1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    915000 | PA      | $899036.85    | 0.08%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HP Inc                                                                                          | HP Inc. 4.0%, Due 04/15/2029                                              | CUSIP: 40434LAM7<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1104807.40   | 0.09%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                                                 | Home Depot Inc 3.625% Due 4/15/2052                                       | CUSIP: 437076CQ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $713775.26    | 0.06%             | 2052-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd.                                                                             | Honda Motor Co Ltd 2.967%, Due 03/10/2032                                 | CUSIP: 438127AC6<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | US        |    760000 | PA      | $678494.40    | 0.06%             | 2032-03-10      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Horace Mann Educators Corporation                                                               | Horace Mann Educators Corporation 7.25% Due 09/15/2028                    | CUSIP: 440327AL8<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |    965000 | PA      | $1019132.25   | 0.09%             | 2028-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hormel Foods Corp                                                                               | HORMEL FOODS CORP 1.8% DUE 06/11/2030                                     | CUSIP: 440452AF7<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2022046.76   | 0.17%             | 2030-06-11      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX INDPT SCH DIST                                                                      | Houston Independent School District 6.168%, Due 02/15/2034                | CUSIP: 442403FR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000907.30   | 0.09%             | 2034-02-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Illinois Tool Works Inc.                                                                        | Illinois Tool Works, Inc. 3.9%, Due 09/01/2042                            | CUSIP: 452308AR0<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $834734.90    | 0.07%             | 2042-09-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Indiana Gas Company, Inc.                                                                       | Indiana Gas Company, Inc. 6.55%, Due 06/30/2028                           | CUSIP: 45475QAQ6<br>LEI: 5493003YS11LO8YYTJ56 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259051.50    | 0.02%             | 2028-06-30      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Trane Technologies PLC                                                                          | Ingersoll-Rand Global Holding Company Ltd. 6.391%, DUE 11/15/2027         | CUSIP: 456866AK8<br>LEI: 549300BURLR9SLYY2705 | Long             | DBT              | CORP              | US        |    655000 | PA      | $673579.26    | 0.06%             | 2027-11-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Ingredion Incorporated                                                                          | Ingredion Inc. 2.9% DUE 06/01/2030                                        | CUSIP: 457187AC6<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936862.11    | 0.08%             | 2030-06-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                               | Intel Corporation 3.734%, Due 12/08/2047                                  | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $698771.59    | 0.06%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                               | Apple, Inc. 2.65%, Due 05/11/2050                                         | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953371.91    | 0.08%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                                                                 | Inter-American Development Bank 4.375%, Due 01/24/2044                    | CUSIP: 4581X0CE6<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   3000000 | PA      | $2771076.06   | 0.24%             | 2044-01-24      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                                                                 | Inter-American Dev 0.625% Due 09/16/2027                                  | CUSIP: 4581X0DQ8<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   7000000 | PA      | $6684902.35   | 0.57%             | 2027-09-16      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Inter-American Development Bank                                                                 | Inter-American Development Bank 3.50%, Due 04/12/2033                     | CUSIP: 4581X0EJ3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   3000000 | PA      | $2867727.60   | 0.24%             | 2033-04-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                             | International Bank 0.00875                                                | CUSIP: 459058JX2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |   3000000 | PA      | $2975153.34   | 0.25%             | 2026-07-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                             | International Bank for Reconstruction & Develop 2.456%, Due 10/22/2025    | CUSIP: 459058KJ1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |   4000000 | PA      | $3966850.60   | 0.34%             | 2027-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                             | INTL BK RECON & DEVELOP 4.625% Due 08/01/2028                             | CUSIP: 459058KW2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |   6000000 | PA      | $6106647.18   | 0.52%             | 2028-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development                                             | International Bank for Reconstruction & Develop 4.75%, Due 11/14/2033     | CUSIP: 459058KY8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |   6000000 | PA      | $6206550.54   | 0.53%             | 2033-11-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| International Development Association                                                           | International Development Association 4.5% Due 02/12/2035                 | CUSIP: 45939E2D1<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | US        |   4000000 | PA      | $4044732.92   | 0.34%             | 2035-02-12      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| International Development Association                                                           | International Development Association 0.00875                             | CUSIP: 45939EAD2<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | US        |   2000000 | PA      | $1995505.34   | 0.17%             | 2026-04-28      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| International Finance Corp.                                                                     | INTL FINANCE COP 4.3750%, Due 01/15/2027                                  | CUSIP: 45950KDF4<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $1003961.08   | 0.09%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| International Finance Corp.                                                                     | International Finance Corp 3.5% Due 01/22/2029                            | CUSIP: 45950KDQ0<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | US        |   4000000 | PA      | $3964775.68   | 0.34%             | 2029-01-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| International Finance Corp.                                                                     | International Finance Corporation 0.02125                                 | CUSIP: 45950VHX7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | US        |   3000000 | PA      | $2998887.54   | 0.26%             | 2026-04-07      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Interstate Power & Light Company                                                                | Interstate Power & Light Co 3.6% Due 4/1/2029                             | CUSIP: 461070AQ7<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1221687.69   | 0.10%             | 2029-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                                  | IOWA STUDENT LN LIQUIDITY CORPSTUDENT LN REV 1.73%, DUE 08/25/2070        | CUSIP: 462590MU1<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    706050 | PA      | $626764.45    | 0.05%             | 2070-08-25      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JP Morgan Chase & Company 3.20%, Due 06/15/2026                           | CUSIP: 46625HRS1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2557000 | PA      | $2553080.37   | 0.22%             | 2026-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JP Morgan Chase & Company 2.739%, Due 10/15/2030                          | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1883622.84   | 0.16%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JPMorgan Chase & Company 2.963%, Due 01/25/2033                           | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $907222.63    | 0.08%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JP Morgan 5.572% Due 04/22/2036                                           | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515241.94    | 0.04%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| John D & Catherine T Macarthur Foundation                                                       | John D & Catherine MaCathur 1.299% DUE 12/1/2030                          | CUSIP: 477854AA1<br>LEI: UJ37UD5B4O5WRVV6NV96 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1292776.50   | 0.11%             | 2030-12-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC / Tyco Fire & Security Finance S.C.A.                        | JOHNSON CONTROLS 1.75%, DUE 09/15/2030                                    | CUSIP: 47837RAA8<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1597648.82   | 0.14%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Kaiser Foundation Hospitals                                                                     | Kaiser Foundation Hospital 3.15%, Due 05/01/2027                          | CUSIP: 48305QAC7<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1484390.57   | 0.13%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty L.P.                                                                              | Kilroy Realty Corporation 2.5% DUE 11/15/2032                             | CUSIP: 49427RAQ5<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1424821.13   | 0.12%             | 2032-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Kimco Realty Corporation                                                                        | KIMCO REALTY CORP 2.7% DUE 10/1/2030                                      | CUSIP: 49446RAW9<br>LEI: 254900ARY41P4V1JL861 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1626880.10   | 0.14%             | 2030-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Kreditanstalt Fuer Wiederaufbau                                                                 | KFW 4.375%, Due 02/28/2034                                                | CUSIP: 500769KD5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | NUSS              | US        |   7500000 | PA      | $7574564.33   | 0.65%             | 2034-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Kreditanstalt Fuer Wiederaufbau                                                                 | KFW 3.50% Due 08/09/2028                                                  | CUSIP: 500769KM5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | NUSS              | US        |   6000000 | PA      | $5959200.72   | 0.51%             | 2028-08-09      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                                                                  | Kroger Company 5.00%, Due 04/15/2042                                      | CUSIP: 501044CR0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $928494.47    | 0.08%             | 2042-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                                                            | Lexington Realty Trust 2.7% DUE 09/15/2030                                | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1367625.93   | 0.12%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Liberty Utilities Finance GP1                                                                   | Liberty Utilities 2.05%, DUE 09/15/2030                                   | CUSIP: 531546AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1215922.84   | 0.10%             | 2030-09-15      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Local Initiatives Support Corp.                                                                 | Local Initiatives Support Corporation 4.649%, Due 03/01/2037              | CUSIP: 539565AD3<br>LEI: 549300V1ATNB9BHB6146 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1392358.11   | 0.12%             | 2037-03-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Low Income Investment Fund                                                                      | Low Income Investment 3.386% due 7/1/2026                                 | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $114666.04    | 0.01%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Low Income Investment Fund                                                                      | Low Income Investment Fund 3.711%, Due 07/01/2029                         | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1919244.37   | 0.16%             | 2029-07-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                           | Lowe's Cos., Inc. 4.65%, Due 04/15/2042                                   | CUSIP: 548661CX3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $885797.10    | 0.08%             | 2042-04-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                           | Lowe's Compaies Inc. 3.0%, DUE 10/15/2050                                 | CUSIP: 548661DZ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    500000 | PA      | $308930.84    | 0.03%             | 2050-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                           | Lowe's Cos., Inc. 4.65%, Due 04/15/2042                                   | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $945373.05    | 0.08%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                            | M & T 5.553% 08/16/2028                                                   | CUSIP: 55261FAQ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498943.61   | 0.13%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Magna International Inc                                                                         | Magna International Inc 2.45% DUE 06/15/2030                              | CUSIP: 559222AV6<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1146682.89   | 0.10%             | 2030-06-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                       | Mars, Inc. 3.60%, Due 04/01/2034                                          | CUSIP: 571676AC9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1368753.72   | 0.12%             | 2034-04-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                                       | Mars Inc. (Del) 4.65% Due 4/20/31                                         | CUSIP: 571676AU9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006980.75   | 0.09%             | 2031-04-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Institute of Technology                                                           | Massachusetts Institute of Technology 3.959%, Due 07/01/2038              | CUSIP: 575718AE1<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1554964.21   | 0.13%             | 2038-07-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                                                         | Mass Mutual Life Insurance 3.375%, Due 04/15/2050                         | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1684980.33   | 0.14%             | 2050-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                                | Massachusetts St. 3.277%, Due 06/01/2046                                  | CUSIP: 57582RJN7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2487862.84   | 0.21%             | 2046-06-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                                | McDonald's Corporation 3.50%, Due 07/01/2027                              | CUSIP: 58013MFP4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991081.05    | 0.08%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                                              | Met Life Global Fund I 5.15%, Due 03/28/2033                              | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1262360.36   | 0.11%             | 2033-03-28      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Microsoft Corp.                                                                                 | Microsoft Corporation 2.525%, Due 06/01/50                                | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $2698222.41   | 0.23%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                                                                 | Microsoft Corporation 2.525%, Due 06/01/50                                | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $643128.36    | 0.05%             | 2052-03-17      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                                                                    | Mid-America Apartments 3.950% Due 03/15/2029                              | CUSIP: 59523UAQ0<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1731119.93   | 0.15%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Midamerican Energy Company                                                                      | MidAmerican Energy Company 3.95%, Due 08/01/2047                          | CUSIP: 595620AR6<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1349616.49   | 0.12%             | 2047-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                             | Mitsubishi 5.159% Due 04/24/2031                                          | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2535576.63   | 0.22%             | 2031-04-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Moodys Corp.                                                                                    | Moody;s Corporation 3.25%, DUE 05/20/2050                                 | CUSIP: 615369AT2<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $329523.68    | 0.03%             | 2050-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Moodys Corp.                                                                                    | Moodys Corporation 3.75% Due 2/25/2052                                    | CUSIP: 615369AY1<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $721551.83    | 0.06%             | 2052-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | Morgan Stanley 2.699%, Due 01/22/2031                                     | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1160654.14   | 0.10%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | Morgan Stanley 5.499%, Due 07/20/2029                                     | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017829.04   | 0.09%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | Morgan Stanley 5.192% Due 04/17/2031                                      | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014893.05   | 0.09%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | Morgan Stanley 3.125%, Due 07/27/2026                                     | CUSIP: 61761J3R8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993092.20   | 0.17%             | 2026-07-27      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust 2020-1                                                                  | Mosaic Solar Loans LLC Series 2020-1A, Class A                            | CUSIP: 61946NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    549569 | PA      | $484557.89    | 0.04%             | 2046-04-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TR 2021-2                                                                     | Mosaic Solar Loans LLC 1.64% 04/22/2047                                   | CUSIP: 61946RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605268 | PA      | $497551.91    | 0.04%             | 2047-04-22      | Fixed         | 1.64%                 | Yes           |                  2 | On Loan: No      |
| Mutual Of Omaha Cps Global Funding                                                              | Mutual of Omaha Global 5.80%, Due 07/27/2026                              | CUSIP: 62829D2A7<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    385000 | PA      | $386801.52    | 0.03%             | 2026-07-27      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Mutual Of Omaha Cps Global Funding                                                              | Mutual of Omaha Global 5.45%, 12/12/28                                    | CUSIP: 62829D2B5<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    365000 | PA      | $372679.33    | 0.03%             | 2028-12-12      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| NVR Inc                                                                                         | NVR, Inc. 3%, DUE 03/15/2030                                              | CUSIP: 62944TAF2<br>LEI: 529900RWXR4JI3JYTV70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941587.06    | 0.08%             | 2030-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Narragansett Electric Co.                                                                       | Narragansett Electric Co. 3.395% DUE 04/09/2030                           | CUSIP: 631005BJ3<br>LEI: VAI0KZ806W8MCH0BCZ61 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1433907.65   | 0.12%             | 2030-04-09      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                              | National Rural Utilities 1.35%, DUE 03/15/2031                            | CUSIP: 637432NW1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1710968.22   | 0.15%             | 2031-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                                    | New York Life Global Funding 4.90%, Due 06/13/2028                        | CUSIP: 64952WFD0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3037155.03   | 0.26%             | 2028-06-13      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| New York State Electric & Gas Corporation                                                       | NY State Electric & Gas 5.65% 08/15/28                                    | CUSIP: 649840CU7<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1693161.95   | 0.14%             | 2028-08-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Niagara Mohawk Power Corp.                                                                      | Niagara Mohawk Power Corporation 1.96% 6/27/2030                          | CUSIP: 65364UAN6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1349190.11   | 0.11%             | 2030-06-27      | Fixed         | 1.96%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                                    | Norfolk Southern Corporation 4.837%, Due 10/01/2041                       | CUSIP: 655844BH0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $920057.89    | 0.08%             | 2041-10-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                                    | Norfolk Southern Corporation 3.05%, Due 05/15/2050                        | CUSIP: 655844CF3<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $962465.66    | 0.08%             | 2050-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Northern Natural Gas Company                                                                    | Northern Natural Gas Company 4.10%, Due 09/15/2042                        | CUSIP: 665501AK8<br>LEI: 5493007M02M6CT9EXE41 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $957982.99    | 0.08%             | 2042-09-15      | Fixed         | 4.10%                 | Yes           |                  2 | On Loan: No      |
| Northern States Power Company                                                                   | Northern States PWR-MINN 2.90%, Due 03/01/2050                            | CUSIP: 665772CR8<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $970198.05    | 0.08%             | 2050-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                                              | Northwestern Mutual 4.9% Due 06/12/2028                                   | CUSIP: 66815L2M0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1759401.89   | 0.15%             | 2028-06-12      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| NSTAR Electric Company                                                                          | NSTAR Electric Company 5.50%, Due 03/15/2040                              | CUSIP: 67021CAF4<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1230476.10   | 0.10%             | 2040-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Company                                                                          | NSTAR Electric Company 3.95%, Due 04/01/2030                              | CUSIP: 67021CAP2<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589040.39    | 0.05%             | 2030-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                                                                     | Nutrien Ltd 5.875%, Due 12/01/2036                                        | CUSIP: 67077MAF5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | US        |    840000 | PA      | $864717.70    | 0.07%             | 2036-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ontario Teachers Cadillac Fairview Properties Trust                                             | ONTARIO TEACHERS CADILLAC FAIR SR 144A 2.50%, DUE 10/15/2031              | CUSIP: 68327LAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1109764.75   | 0.09%             | 2031-10-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| U.S. International Development Finance Corporation                                              | Overseas Private Investment Corporation 3.52%, Due 09/20/2032             | CUSIP: 6903534C8<br>LEI: 254900QI8QTIK0FY6E92 | Long             | ABS-O            | USGA              | US        |    464286 | PA      | $450929.28    | 0.04%             | 2032-09-20      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| U.S. International Development Finance Corporation                                              | Overseas Private Investor Core Float Due 09/15/2026                       | CUSIP: 6903538B6<br>LEI: 254900QI8QTIK0FY6E92 | Long             | ABS-O            | USGA              | US        |     83333 | PA      | $83333.34     | 0.01%             | 2026-09-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| U.S. International Development Finance Corporation                                              | Overseas Private Investment Corporation 3.54%, Due 06/15/2030             | CUSIP: 690353XN2<br>LEI: 254900QI8QTIK0FY6E92 | Long             | ABS-O            | USGA              | US        |    250017 | PA      | $245222.01    | 0.02%             | 2030-06-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                                                                   | Owens Corning 3.95%, 08/15/2029                                           | CUSIP: 690742AJ0<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294886.88    | 0.03%             | 2029-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PG&E Wildfire Recovery Funding LLC                                                              | P&G Wildfire Recovery 4.674% 12/1/2053                                    | CUSIP: 693342AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2116119.39   | 0.18%             | 2051-12-01      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| PG&E Wildfire Recovery Funding LLC                                                              | PG&E Wildfire Recovery 5.081% Due 06/01/2041                              | CUSIP: 693342AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974589.43    | 0.08%             | 2041-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                               | PNC Financial Services Group, Inc. (The) 5.582%, Due 01/26/2027           | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024726.49   | 0.09%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PNM Energy Transition Bond Co. I LLC                                                            | PNM ENERGY TRANSITION 6.0280%, Due 08/15/2048                             | CUSIP: 69380MAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $521429.25    | 0.04%             | 2048-08-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                                  | Pacific Life Global Fund II 1.45%, Due 01/20/2028                         | CUSIP: 6944PL2D0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $950284.15    | 0.08%             | 2028-01-20      | Fixed         | 1.45%                 | Yes           |                  2 | On Loan: No      |
| Impax Funds Series Trust I                                                                      | Pax World High Yield Bond Fund Institutional Class                        | CUSIP: 704223809<br>LEI: 549300TD5R23SWU72456 | Long             | EC               | RF                | US        |    530984 | NS      | $3201832.19   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Peachtree Corners Funding Trust                                                                 | Peachtree Fund Trust 6.012$ Due 05/15/2035                                | CUSIP: 70470BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $409218.85    | 0.03%             | 2035-05-15      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                                  | PENSKE TRUCK LEASING 5.75%, DUE 05/24/2026                                | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500369.30    | 0.04%             | 2026-05-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PG&E Recovery Funding LLC                                                                       | PG&E ENERGY RECOVERY FND 2.822%, DUE 07/15/2046                           | CUSIP: 71710TAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1633000 | PA      | $1203615.65   | 0.10%             | 2046-07-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| PG&E Recovery Funding LLC                                                                       | PG&E Recovery Fnd LLC 5.256% Due 01/15/2038                               | CUSIP: 71710TAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028400.92   | 0.09%             | 2038-01-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| PG&E Recovery Funding LLC                                                                       | PG&E RECOVERY FDG 5.536% Due 7/15/2047                                    | CUSIP: 71710TAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1482876.20   | 0.13%             | 2047-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Potomac Electric Power Company                                                                  | Potomac Electric Power Company 6.5%, Due 11/15/2037                       | CUSIP: 737679DB3<br>LEI: 549300BXF2DWUNN57U06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1104136.29   | 0.09%             | 2037-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| President & Fellows of Harvard College                                                          | President & Fellows of Harvard College 3.15%, Due 07/15/2046              | CUSIP: 740816AM5<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   3961000 | PA      | $2823539.44   | 0.24%             | 2046-07-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| President & Fellows of Harvard College                                                          | President & Fellows of Harvard College 2.517%, Due 10/15/2050             | CUSIP: 740816AP8<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $963015.71    | 0.08%             | 2050-10-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| President & Fellows of Harvard College                                                          | President & Fellow Harvard College 3.745% 11/15/2052                      | CUSIP: 740816AQ6<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2422893.31   | 0.21%             | 2052-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| President & Fellows of Harvard College                                                          | President & Fellows of Harvard College 4.609%, Due 02/15/2035             | CUSIP: 740816AR4<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1976621.04   | 0.17%             | 2035-02-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: —       |
| Pricoa Global Funding I                                                                         | Pricoa Globla Funding I 5.10%, Due 05/30/2028                             | CUSIP: 74153WCS6<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2032175.68   | 0.17%             | 2028-05-30      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Primerica, Inc.                                                                                 | PRIMERICA INC 2.8%, DUE 11/19/2031                                        | CUSIP: 74164MAB4<br>LEI: 254900621R686KJR7022 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894254.40    | 0.08%             | 2031-11-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Principal Financial Group Inc.                                                                  | Principal Financial Group 3.70% 05/15/2029                                | CUSIP: 74251VAR3<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1219681.84   | 0.10%             | 2029-05-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                                  | Prologis, L.P. 2.125%, Due 10/15/2050                                     | CUSIP: 74340XBT7<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1484071.38   | 0.13%             | 2033-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                                                                  | Prologis, L.P. 3.3% Due 04/01/2027                                        | CUSIP: 74340XBY6<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1422328.23   | 0.12%             | 2029-10-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                                                  | Protective Life Global Funding 5.209%, Due 04/14/2026                     | CUSIP: 74368CBS2<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000388.11   | 0.09%             | 2026-04-14      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Prudential Funding Asia PLC                                                                     | Prudential PLC 3.125% DUE 04/14/2030                                      | CUSIP: 744330AA9<br>LEI: 2549005TNASWKLR0XC37 | Long             | DBT              | CORP              | US        |    750000 | PA      | $713568.98    | 0.06%             | 2030-04-14      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Public Service Company of Colorado                                                              | Public Service Colorado 3.70%, Due 06/15/2028                             | CUSIP: 744448CP4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2220187.43   | 0.19%             | 2028-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Public Service Electric &  Gas Co.                                                              | PUBLIC SVC ELEC & GAS CO 4.65% Due 03/15/2033                             | CUSIP: 74456QCL8<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2470349.28   | 0.21%             | 2033-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                                | Puget Sound Energy Inc. 4.223%, due 06/15/2048                            | CUSIP: 745332CH7<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $799497.22    | 0.07%             | 2048-06-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                                       | REALTY INCOME CORP 4.7% Due 12/15/2028                                    | CUSIP: 756109BS2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005620.78   | 0.09%             | 2028-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Regency Centers, L.P.                                                                           | Regency Centers LP 5.00% Due 07/15/2032                                   | CUSIP: 75884RBD4<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |    348000 | PA      | $350588.74    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty L P                                                                   | Rexford Industrial Realty 2.15% 9/1/2031                                  | CUSIP: 76169XAB0<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1517617.20   | 0.13%             | 2031-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty L P                                                                   | REXFORD INDUSTRIAL REALTY 5% Due 06/15/2028                               | CUSIP: 76169XAC8<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504677.55    | 0.04%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RGA Global Funding                                                                              | RGA GLOBAL FUNDING 5.50%, Due 01/11/2031                                  | CUSIP: 76209PAD5<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2055558.78   | 0.18%             | 2031-01-11      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Rochester Gas and Electric Corporation                                                          | Rochester Gas & Electric Corp 1.85%, DUE 12/01/2030                       | CUSIP: 771367CE7<br>LEI: 549300DD8M80WFTQO509 | Long             | DBT              | CORP              | US        |    500000 | PA      | $439038.82    | 0.04%             | 2030-12-01      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| Rockefeller Foundation                                                                          | Rockefeller Foundation 2.492% 10/1/2050                                   | CUSIP: 77310VAA2<br>LEI: 549300JU3NX0IK5I9038 | Long             | DBT              | CORP              | US        |   4290000 | PA      | $2560828.88   | 0.22%             | 2050-10-01      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                                          | Roper Technologies Inc 2% DUE 06/30/2030                                  | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    440000 | PA      | $392677.62    | 0.03%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                              | Ryder System, Inc. 5.65%, Due 03/01/2028                                  | CUSIP: 78355HKV0<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1276611.49   | 0.11%             | 2028-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                                 | SBA TOWER TRUST 2022-1 6.599% 11/15/52                                    | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    880000 | PA      | $894879.04    | 0.08%             | 2052-11-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| SBA Tower Trust                                                                                 | SBA Tower Trust 4.831% Due 10/15/2029                                     | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1755072.55   | 0.15%             | 2029-10-15      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Sammons Financial Group Inc                                                                     | Sammons Financial Group 4.45%, Due 05/12/2027                             | CUSIP: 79588TAC4<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1193184.51   | 0.10%             | 2027-05-12      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Sammons Financial Group Inc                                                                     | Sammons Financial Group 6.875%, Due 04/15/2034                            | CUSIP: 79588TAF7<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1058765.50   | 0.09%             | 2034-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| San Diego Gas & Electric Company                                                                | San Diego Gas & Electric 4.5%, Due 08/15/40                               | CUSIP: 797440BM5<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    841000 | PA      | $756725.57    | 0.06%             | 2040-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                                   | Small Business Administration Floating Rate, Due 02/25/2032               | CUSIP: 83164J3J3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3551 | PA      | $3532.32      | 0.00%             | 2032-02-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| Solar Star Funding, LLC                                                                         | Solar Star Funding, LLC 5.375% Due 06/30/2035                             | CUSIP: 83416WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    324183 | PA      | $324136.62    | 0.03%             | 2035-06-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Solar Star Funding, LLC                                                                         | Solar Star Funding, LLC 3.950% Due 06/30/2035                             | CUSIP: 83416WAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1052556 | PA      | $999022.89    | 0.09%             | 2035-06-30      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Sonoco Products Company                                                                         | Sonoco Products Company 5.750% Due 11/01/2040                             | CUSIP: 835495AJ1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996369.37    | 0.08%             | 2040-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                              | Southern California Edison 4.05%, Due 03/15/2042                          | CUSIP: 842400FV0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $909567.56    | 0.08%             | 2042-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                                                                     | Southern Calif Gas Co 5.45% Due 05/15/2035                                | CUSIP: 842434DC3<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2558180.53   | 0.22%             | 2035-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| Spire Missouri Inc                                                                              | Spire Missouri Inc 5.15% Due 08/15/2034                                   | CUSIP: 84859DAD9<br>LEI: 06LJQCOVPRXOPDHFC707 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008583.00   | 0.09%             | 2034-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Stanford University                                                                             | Stanford University Calif 3.647% Due 05/01/2048                           | CUSIP: 85440KAA2<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |    750000 | PA      | $579194.65    | 0.05%             | 2048-05-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Stanford University                                                                             | STANFORD UNIV CALIF SR 2.413%, DUE 06/01/2050                             | CUSIP: 85440KAD6<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $2613595.64   | 0.22%             | 2050-06-01      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                                 | Starbucks Corporation 2.45%, Due 06/15/2026                               | CUSIP: 855244AK5<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996215.38    | 0.08%             | 2026-06-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                              | State Street Corporation 7.350%, Due 06/15/2026                           | CUSIP: 857473AE2<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005045.19   | 0.09%             | 2026-06-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                              | State Street Corporation 4.164%, Due 08/04/2033                           | CUSIP: 857477BV4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964711.81    | 0.08%             | 2033-08-04      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership                                                   | Sun Communities Operating, L.P. 2.7% DUE 07/15/2031                       | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |    500000 | PA      | $447241.61    | 0.04%             | 2031-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SUNRUN ARTEMIS ISSUER 2024-2 LLC                                                                | Sunrun Callisto Issuer LLC 6.25% Due 07/30/2059                           | CUSIP: 86771BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2428809 | PA      | $2412214.28   | 0.21%             | 2059-07-30      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Swepco Storm Recovery Funding LLc                                                               | Swepco Storm Recovery Fund 4.88%, Due 09/01/2039                          | CUSIP: 870696AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3770134 | PA      | $3765110.70   | 0.32%             | 2039-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                                                    | SWTCH Energy Inc. 6.28%, Due 03/25/2054                                   | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $605633.64    | 0.05%             | 2054-03-25      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                                                    | Switch ABS Issuer 5.036% Due 03/25/2055                                   | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1445166.75   | 0.12%             | 2055-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Sysco Corporation                                                                               | Sysco Corporation 2.40%, DUE 02/15/2030                                   | CUSIP: 871829BK2<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1603107.52   | 0.14%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| TIF FUNDING II LLC                                                                              | TIF 2021-1A A 1.65% Due 02/20/2046                                        | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290417 | PA      | $264936.18    | 0.02%             | 2046-02-20      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| TTX Co.                                                                                         | TTX Company 4.60% due 02/01/2049                                          | CUSIP: 87305QCN9<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |    280000 | PA      | $241255.56    | 0.02%             | 2049-02-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| TTX Co.                                                                                         | TTX Company 4.60% due 02/01/2049                                          | CUSIP: 87305QCP4<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499361.50    | 0.04%             | 2052-12-01      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC                                                                           | TAL Advantage VII LLC 2.05%, Due 09/20/2045                               | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1499452 | PA      | $1437282.05   | 0.12%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                                      | Tennessee Valley Authority 4.625%, Due 09/15/2060                         | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4000000 | PA      | $3522664.96   | 0.30%             | 2060-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                                      | Tennessee Valley Authority 4.25%, Due 09/15/65                            | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |  13000000 | PA      | $10629929.70  | 0.91%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                                      | Tennessee Valley Authority 4.25%, Due 09/15/2052                          | CUSIP: 880591EY4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $4220280.00   | 0.36%             | 2052-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                                      | Tennessee Valley Authroity 5.25% Due 02/01/2055                           | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   5500000 | PA      | $5416816.35   | 0.46%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Electric Market Stabilization Funding N LLC                                               | Texas Electric Market Stabilization Funding N, LLC 3.15%, Due 12/01/2024  | CUSIP: 88240TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4010171.95   | 0.34%             | 2044-02-01      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Texas Electric Market Stabilization Funding N LLC                                               | Texas Electric Market Stabilization Funding N, LLC 5.167% 8/1/2046        | CUSIP: 88240TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4730000 | PA      | $4456333.55   | 0.38%             | 2046-08-01      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Textainer Marine Containers Ltd                                                                 | Textainer Marine Containers Series 2021-1A Class A                        | CUSIP: 88315LAL2<br>LEI: 549300Q7RHLEMSLA9Y26 | Long             | ABS-O            | CORP              | US        |    890000 | PA      | $836074.84    | 0.07%             | 2046-02-20      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| TIF FUNDING III LLC 2024-1                                                                      | Triton Container International 5.48%, Due 05/22/2034                      | CUSIP: 88655AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1275000 | PA      | $1275346.80   | 0.11%             | 2034-05-22      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                                           | Time Warner Cable, Inc. 4.500%, Due 09/15/2042                            | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $375474.06    | 0.03%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Topaz Solar Farms LLC                                                                           | Topaz Solar Farms, LLC 5.750%, Due 09/30/2039                             | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    443736 | PA      | $439591.51    | 0.04%             | 2039-09-30      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Topaz Solar Farms LLC                                                                           | Topaz Solar Farms, LLC 4.875%, Due 09/30/2039                             | CUSIP: 89054XAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    183183 | PA      | $166308.05    | 0.01%             | 2039-09-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                       | Toronto-Dominion Bank 5.264%, 12/11/26                                    | CUSIP: 89115A2V3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013448.18   | 0.17%             | 2026-12-11      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                                                              | Toyota Motor Corp 4.45% Due 06/30/2030                                    | CUSIP: 892331AU3<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2502085.68   | 0.21%             | 2030-06-30      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2022-D OWNE                                                             | TOYOTA AUTO RECV OWN TR 2022-D 5.30%, Due 09/15/2027                      | CUSIP: 89239HAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    186131 | PA      | $186747.74    | 0.02%             | 2026-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing 2021 LLC                                                                   | Tribute Rail LLC 2022-1 4.76%, 05/17/2052                                 | CUSIP: 89609MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1589850 | PA      | $1588921.45   | 0.14%             | 2052-05-17      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Trinity Rail Leasing 2021 LLC                                                                   | Trinity Rail 2.26% Due 07/19/2051                                         | CUSIP: 89656GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1774434 | PA      | $1676920.06   | 0.14%             | 2051-07-19      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| Trinity Rail Leasing 2021 LLC                                                                   | Trinity Rail Leasing L.P. 5.78% Due 05/19/2054                            | CUSIP: 89656GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800729 | PA      | $2801308.79   | 0.24%             | 2054-05-19      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Triton Container Finance IV LLC                                                                 | Triton Container Finance 0.0186                                           | CUSIP: 89680HAE2<br>LEI: 549300OMF3OYQS47M552 | Long             | ABS-O            | CORP              | US        |   3570750 | PA      | $3299395.77   | 0.28%             | 2046-03-20      | Fixed         | 1.86%                 | Yes           |                  2 | On Loan: No      |
| TRP 2021-2 LLC                                                                                  | Triumph Rail 0.0215                                                       | CUSIP: 89683LAA8<br>LEI: 5493004VSVYOZVEYVJ29 | Long             | ABS-O            | CORP              | US        |   1570465 | PA      | $1520279.63   | 0.13%             | 2051-06-19      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| Trustage Financial Group Inc                                                                    | Trustage Financial Group 4.625% 4/15/2032                                 | CUSIP: 89787EAA9<br>LEI: 549300X7YNHNZXTI6F10 | Long             | DBT              | CORP              | US        |    400000 | PA      | $382353.06    | 0.03%             | 2032-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Trustees of Princeton University                                                                | Trustees of Princeton University 2.516%, Due 07/01/2050                   | CUSIP: 89837LAG0<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |   6650000 | PA      | $4091692.47   | 0.35%             | 2050-07-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                                                         | UDR INC. 1.90%, DUE 03/15/2033                                            | CUSIP: 90265EAU4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1227384.14   | 0.10%             | 2033-03-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| UBS AG, London Branch                                                                           | UBS AG LONDON 5.65% 09/11/2028                                            | CUSIP: 902674ZW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $567577.85    | 0.05%             | 2028-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| USAA Capital Corp.                                                                              | USAA Capital Corp 2.125% DUE 05/1/2030                                    | CUSIP: 90327QD55<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2737018.65   | 0.23%             | 2030-05-01      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| U.S. International Development Finance Corporation                                              | International Development Finance Corp 0.0165                             | CUSIP: 90376PCZ2<br>LEI: 254900QI8QTIK0FY6E92 | Long             | ABS-O            | USGA              | US        |   3500000 | PA      | $3401013.00   | 0.29%             | 2028-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| U.S. International Development Finance Corporation                                              | INT DEVELOPMENT FIN CORP 1.59%, DUE 04/15/2028                            | CUSIP: 90376PEE7<br>LEI: 254900QI8QTIK0FY6E92 | Long             | ABS-O            | USGA              | US        |   2000000 | PA      | $1927016.04   | 0.16%             | 2028-04-15      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| U.S. International Development Finance Corporation                                              | U.S International Development Finance Corp 3.13% 4/15/2028                | CUSIP: 90376PEX5<br>LEI: 254900QI8QTIK0FY6E92 | Long             | ABS-O            | USGA              | US        |   1000000 | PA      | $982950.51    | 0.08%             | 2028-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Union Electric Company                                                                          | Union Electric Co. 2.625%, DUE 03/15/2051                                 | CUSIP: 906548CS9<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1176811.14   | 0.10%             | 2051-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                       | Union Pacific Corp. 5.750% Due 11/01/2040                                 | CUSIP: 907818GC6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1794017.72   | 0.15%             | 2052-09-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                                     | United Parcel Service 5.95% Due 05/14/2055                                | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2019982.56   | 0.17%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                   | US Bancorp 5.083% Due 05/15/2031                                          | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3043071.03   | 0.26%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| USQ RAIL III LLC/ LLP                                                                           | USQ RAIL 4.99% Due 09/28/2054                                             | CUSIP: 912928AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    702581 | PA      | $687684.35    | 0.06%             | 2054-09-28      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| University Notre Dame du Lac                                                                    | University of Notre Dame 3.394%, Due 02/15/2048                           | CUSIP: 914748AA6<br>LEI: XV74408A6JGDG5126L34 | Long             | DBT              | CORP              | US        |   3749000 | PA      | $2750323.35   | 0.23%             | 2048-02-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY TEX PERM UNIV FD                                                                     | University of Texas, TX Permanent Univ Fnd Txbl-Permanent Univ Bds-Ser A  | CUSIP: 9151158F9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2259015.90   | 0.19%             | 2047-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY TEX                                                                                  | UNIVERSITY OF TEXAS, TX UNIV REVENUES TXBL-SER B                          | CUSIP: 91514AKD6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1138197.56   | 0.10%             | 2049-08-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY VA                                                                                   | UNIVERSITY OF VIRGINIA, VA UNIV REVENUES - BUILD AMERICA BONDS            | CUSIP: 915217RY1<br>LEI: 549300H2U5XHL1CLTN62 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172497.00   | 0.19%             | 2039-09-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                                     | VANTAGE DATA CENTERS LLC 2.165%, DUE 10/15/2046                           | CUSIP: 92212KAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2263275.90   | 0.19%             | 2046-10-15      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                     | Verizon Communications 3.875%   Due 02/08/2029                            | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990435.83    | 0.08%             | 2029-02-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                     | Verizion Communications Inc 1.50%, Due 09/18/2030                         | CUSIP: 92343VFL3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $877355.30    | 0.07%             | 2030-09-18      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                     | Verizon Communications, Inc. 2.987%, Due 10/30/2056                       | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1799000 | PA      | $1055699.85   | 0.09%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                     | Verizon Communications Inc. 5.875% Due 11/30/2055                         | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1945346.32   | 0.17%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| W. P. Carey Inc                                                                                 | WP CAREY INC SR NT 2.45%, DUE 02/01/2032                                  | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1306171.19   | 0.11%             | 2032-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| W K Kellogg Foundation Trust                                                                    | WK Kellogg Foundation TR 2.443% Due 10/01/2050                            | CUSIP: 92942HAA8<br>LEI: 549300COGKZN05K8P881 | Long             | DBT              | CORP              | US        |   7223000 | PA      | $4269911.77   | 0.36%             | 2050-10-01      | Fixed         | 2.44%                 | Yes           |                  2 | On Loan: —       |
| Walmart Inc                                                                                     | Walmart, Inc. 1.8% DUE 09/22/2031                                         | CUSIP: 931142EB5<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    500000 | PA      | $442948.45    | 0.04%             | 2031-09-22      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                              | Wendy's FDG LLC 2018-1 3.884%, Due 03/15/2048                             | CUSIP: 95058XAE8<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   1284073 | PA      | $1259721.98   | 0.11%             | 2048-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                              | Wendy's Funding, LLC Series 2013-1 Class A                                | CUSIP: 95058XAM0<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   1203125 | PA      | $1178631.54   | 0.10%             | 2052-03-15      | None          | 4.24%                 | Yes           |                  2 | On Loan: No      |
| Evergy Kansas Central Inc.                                                                      | Westar Energy, Inc. 2.55%, Due 07/01/2026                                 | CUSIP: 95709TAN0<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1286642.52   | 0.11%             | 2026-07-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Western Southern Global Funding                                                                 | Western-Southern Global 4.900% Due 05/01/2030                             | CUSIP: 95954A2A0<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3017591.43   | 0.26%             | 2030-05-01      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Xylem, Inc.                                                                                     | Xylem, Inc. 1.95% DUE 01/30/2028                                          | CUSIP: 98419MAM2<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1703824.58   | 0.15%             | 2028-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Yale University                                                                                 | YALE UNIV MTN BE 2.402%, DUE 04/15/2050                                   | CUSIP: 98459LAC7<br>LEI: 9SFB6DIM0FRWV0EV8S84 | Long             | DBT              | CORP              | US        |   8765000 | PA      | $5152052.27   | 0.44%             | 2050-04-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                             | Mount Vernon Liquid Assets Portfolio, LLC Lending Portfolio I             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         1 | PA      | $11391093.13  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-31

**Name of Applicant:** Susan McLauchlan

**Signature:** Susan McLauchlan

**Name of Signer:** Susan McLauchlan

**Title:** VP Fund Accounting