# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-25-002725
**Filing Date:** 2025-10
**Character Count:** 131221
**Document Hash:** 6f3896d56c2a19166fc91be41206df27
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002725.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002725

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust IV
- **CENTRAL INDEX KEY:** 0001644419

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0916

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23066
- **FILM NUMBER:** 251430860

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68154-1150

## Series and Classes Contracts Data

### Inspire Corporate Bond ETF (Series ID: S000056116)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000176728 | Inspire Corporate Bond ETF | IBD             |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0%** |  |  |  |
|  | **AUTOMOTIVE** — **0.5%** |  |  |  |
| 1000000 | BorgWarner, Inc. | 2.6500 | &nbsp;&nbsp;&nbsp;07/01/27 | $973294 |
| 1000000 | BorgWarner, Inc. | 5.4000 | &nbsp;&nbsp;&nbsp;08/15/34 | 1018090 |
|  |  |  |  | 1991384 |
|  | **BANKING** — **0.7%** |  |  |  |
| 1000000 | First-Citizens Bank & Trust Company | 6.1250 | &nbsp;&nbsp;&nbsp;03/09/28 | 1038498 |
| 1000000 | Regions Financial Corporation | 1.8000 | &nbsp;&nbsp;&nbsp;08/12/28 | 935737 |
| 1000000 | Zions Bancorp NA | 3.2500 | &nbsp;&nbsp;&nbsp;10/29/29 | 928160 |
|  |  |  |  | 2902395 |
|  | **BEVERAGES** — **0.5%** |  |  |  |
| 1000000 | Coca-Cola Consolidated, Inc. | 5.2500 | &nbsp;&nbsp;&nbsp;06/01/29 | 1033131 |
| 1000000 | Coca-Cola Consolidated, Inc. | 5.4500 | &nbsp;&nbsp;&nbsp;06/01/34 | 1038644 |
|  |  |  |  | 2071775 |
|  | **BIOTECH & PHARMA** — **0.2%** |  |  |  |
| 1000000 | Royalty Pharma plc | 1.2000 | &nbsp;&nbsp;&nbsp;09/02/25 | 1000000 |
|  | **CHEMICALS** — **1.0%** |  |  |  |
| 1000000 | Albemarle Corporation | 4.6500 | &nbsp;&nbsp;&nbsp;06/01/27 | 1000497 |
| 1000000 | Albemarle Corporation | 5.0500 | &nbsp;&nbsp;&nbsp;06/01/32 | 979213 |
| 1000000 | Cabot Corporation | 5.0000 | &nbsp;&nbsp;&nbsp;06/30/32 | 1008406 |
| 1000000 | LYB International Finance III, LLC | 1.2500 | &nbsp;&nbsp;&nbsp;10/01/25 | 997184 |
|  |  |  |  | 3985300 |
|  | **COMMERCIAL SUPPORT SERVICES** — **4.2%** |  |  |  |
| 1000000 | Cintas Corp No 2 | 3.7000 | &nbsp;&nbsp;&nbsp;04/01/27 | 995056 |
| 1000000 | Cintas Corp No 2 | 4.0000 | &nbsp;&nbsp;&nbsp;05/01/32 | 973933 |
| 1000000 | Republic Services, Inc. | 3.3750 | &nbsp;&nbsp;&nbsp;11/15/27 | 989014 |
| 7900000 | Republic Services, Inc. | 3.9500 | &nbsp;&nbsp;&nbsp;05/15/28 | 7898393 |
| 1000000 | Republic Services, Inc. | 2.3000 | &nbsp;&nbsp;&nbsp;03/01/30 | 924735 |
| 1000000 | Republic Services, Inc. | 1.4500 | &nbsp;&nbsp;&nbsp;02/15/31 | 860632 |
| 1000000 | Republic Services, Inc. | 1.7500 | &nbsp;&nbsp;&nbsp;02/15/32 | 853352 |
| 1000000 | Waste Connections, Inc. | 4.2500 | &nbsp;&nbsp;&nbsp;12/01/28 | 1007650 |
| 1000000 | Waste Management, Inc. | 0.7500 | &nbsp;&nbsp;&nbsp;11/15/25 | 992241 |
| 1000000 | Waste Management, Inc. | 3.1500 | &nbsp;&nbsp;&nbsp;11/15/27 | 983561 |
| 1000000 | Waste Management, Inc. | 4.6250 | &nbsp;&nbsp;&nbsp;02/15/33 | 1005901 |
|  |  |  |  | 17484468 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **CONSTRUCTION MATERIALS** — **2.5%** |  |  |  |
| 1000000 | Carlisle Companies, Inc. | 3.7500 | &nbsp;&nbsp;&nbsp;12/01/27 | $991197 |
| 7900000 | Carlisle Companies, Inc. | 2.7500 | &nbsp;&nbsp;&nbsp;03/01/30 | 7385727 |
| 1000000 | Carlisle Companies, Inc. | 2.2000 | &nbsp;&nbsp;&nbsp;03/01/32 | 855918 |
| 1000000 | Vulcan Materials Company | 3.9000 | &nbsp;&nbsp;&nbsp;04/01/27 | 997337 |
|  |  |  |  | 10230179 |
|  | **CONTAINERS & PACKAGING** — **1.1%** |  |  |  |
| 1000000 | Amcor Finance USA, Inc. | 3.6250 | &nbsp;&nbsp;&nbsp;04/28/26 | 994862 |
| 1000000 | Amcor Finance USA, Inc. | 4.5000 | &nbsp;&nbsp;&nbsp;05/15/28 | 1004985 |
| 1000000 | Amcor Flexibles North America, Inc. | 2.6300 | &nbsp;&nbsp;&nbsp;06/19/30 | 919575 |
| 1000000 | Amcor Flexibles North America, Inc. | 2.6900 | &nbsp;&nbsp;&nbsp;05/25/31 | 905423 |
| 1000000 | AptarGroup, Inc. | 3.6000 | &nbsp;&nbsp;&nbsp;03/15/32 | 919173 |
|  |  |  |  | 4744018 |
|  | **DIVERSIFIED INDUSTRIALS** — **2.8%** |  |  |  |
| 1000000 | Dover Corporation | 3.1500 | &nbsp;&nbsp;&nbsp;11/15/25 | 996705 |
| 1000000 | Parker-Hannifin Corporation | 3.2500 | &nbsp;&nbsp;&nbsp;03/01/27 | 988978 |
| 1000000 | Parker-Hannifin Corporation | 4.2500 | &nbsp;&nbsp;&nbsp;09/15/27 | 1003926 |
| 7900000 | Parker-Hannifin Corporation | 3.2500 | &nbsp;&nbsp;&nbsp;06/14/29 | 7661768 |
| 1000000 | Parker-Hannifin Corporation | 4.5000 | &nbsp;&nbsp;&nbsp;09/15/29 | 1014132 |
|  |  |  |  | 11665509 |
|  | **ELECTRIC UTILITIES** — **4.9%** |  |  |  |
| 1000000 | Avangrid, Inc. | 3.8000 | &nbsp;&nbsp;&nbsp;06/01/29 | 983405 |
| 1000000 | CenterPoint Energy, Inc. | 1.4500 | &nbsp;&nbsp;&nbsp;06/01/26 | 978514 |
| 1000000 | CenterPoint Energy, Inc. | 2.9500 | &nbsp;&nbsp;&nbsp;03/01/30 | 939318 |
| 1000000 | CenterPoint Energy, Inc. | 2.6500 | &nbsp;&nbsp;&nbsp;06/01/31 | 906927 |
| 1000000 | DTE Energy Company | 5.8500 | &nbsp;&nbsp;&nbsp;06/01/34 | 1050580 |
| 1000000 | Emera US Finance, L.P. | 3.5500 | &nbsp;&nbsp;&nbsp;06/15/26 | 991784 |
| 1000000 | Entergy Arkansas, LLC | 3.5000 | &nbsp;&nbsp;&nbsp;04/01/26 | 994669 |
| 1000000 | Entergy Corporation | 0.9000 | &nbsp;&nbsp;&nbsp;09/15/25 | 998630 |
| 1000000 | Entergy Corporation | 1.9000 | &nbsp;&nbsp;&nbsp;06/15/28 | 941639 |
| 1000000 | Entergy Corporation | 2.8000 | &nbsp;&nbsp;&nbsp;06/15/30 | 931732 |
| 1000000 | Entergy Corporation | 2.4000 | &nbsp;&nbsp;&nbsp;06/15/31 | 892499 |
| 7900000 | Evergy, Inc. | 2.9000 | &nbsp;&nbsp;&nbsp;09/15/29 | 7492853 |
| 1000000 | Eversource Energy | 5.9500 | &nbsp;&nbsp;&nbsp;07/15/34 | 1049456 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **ELECTRIC UTILITIES** — **4.9% (Continued)** |  |  |  |
| 1000000 | WEC Energy Group, Inc. | 1.3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;$947042 |
|  |  |  |  | 20099048 |
|  | **ELECTRICAL EQUIPMENT** — **5.3%** |  |  |  |
| 1000000 | Amphenol Corporation | 5.0500 | &nbsp;&nbsp;&nbsp;04/05/27 | 1015555 |
| 7900000 | Amphenol Corporation | 4.3500 | &nbsp;&nbsp;&nbsp;06/01/29 | 7981776 |
| 1000000 | Amphenol Corporation | 2.8000 | &nbsp;&nbsp;&nbsp;02/15/30 | 945892 |
| 1000000 | Amphenol Corporation | 2.2000 | &nbsp;&nbsp;&nbsp;09/15/31 | 884970 |
| 1000000 | Amphenol Corporation | 5.2500 | &nbsp;&nbsp;&nbsp;04/05/34 | 1033512 |
| 1000000 | Roper Technologies, Inc. | 3.8000 | &nbsp;&nbsp;&nbsp;12/15/26 | 994023 |
| 7900000 | Trimble, Inc. | 4.9000 | &nbsp;&nbsp;&nbsp;06/15/28 | 8013828 |
| 1000000 | Trimble, Inc. | 6.1000 | &nbsp;&nbsp;&nbsp;03/15/33 | 1063512 |
|  |  |  |  | 21933068 |
|  | **ENGINEERING & CONSTRUCTION** — **0.2%** |  |  |  |
| 1000000 | Quanta Services, Inc. | 5.2500 | &nbsp;&nbsp;&nbsp;08/09/34 | 1012735 |
|  | **FOOD** — **4.7%** |  |  |  |
| 1000000 | Campbell Soup Company | 4.1500 | &nbsp;&nbsp;&nbsp;03/15/28 | 999975 |
| 1000000 | Campbell Soup Company | 5.4000 | &nbsp;&nbsp;&nbsp;03/21/34 | 1015355 |
| 1000000 | Conagra Brands, Inc. | 4.6000 | &nbsp;&nbsp;&nbsp;11/01/25 | 999548 |
| 7900000 | Conagra Brands, Inc. | 1.3750 | &nbsp;&nbsp;&nbsp;11/01/27 | 7410481 |
| 1000000 | Conagra Brands, Inc. | 4.8500 | &nbsp;&nbsp;&nbsp;11/01/28 | 1011151 |
| 1000000 | McCormick & Co, Inc. | 3.4000 | &nbsp;&nbsp;&nbsp;08/15/27 | 987705 |
| 1000000 | McCormick & Co, Inc. | 2.5000 | &nbsp;&nbsp;&nbsp;04/15/30 | 922909 |
| 1000000 | McCormick & Co, Inc. | 4.9500 | &nbsp;&nbsp;&nbsp;04/15/33 | 1009484 |
| 1000000 | Mondelez International, Inc. | 2.6250 | &nbsp;&nbsp;&nbsp;03/17/27 | 977817 |
| 1000000 | Mondelez International, Inc. | 4.7500 | &nbsp;&nbsp;&nbsp;02/20/29 | 1023134 |
| 1000000 | Mondelez International, Inc. | 2.7500 | &nbsp;&nbsp;&nbsp;04/13/30 | 936426 |
| 1000000 | Mondelez International, Inc. | 4.7500 | &nbsp;&nbsp;&nbsp;08/28/34 | 992360 |
| 1000000 | The Campbell's Company | 5.2000 | &nbsp;&nbsp;&nbsp;03/19/27 | 1015851 |
|  |  |  |  | 19302196 |
|  | **GAS & WATER UTILITIES** — **3.7%** |  |  |  |
| 1000000 | Atmos Energy Corporation | 3.0000 | &nbsp;&nbsp;&nbsp;06/15/27 | 985314 |
| 7900000 | Atmos Energy Corporation | 2.6250 | &nbsp;&nbsp;&nbsp;09/15/29 | 7464686 |
| 1000000 | Atmos Energy Corporation | 1.5000 | &nbsp;&nbsp;&nbsp;01/15/31 | 864961 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **GAS & WATER UTILITIES** — **3.7% (Continued)** |  |  |  |
| 1000000 | Atmos Energy Corporation | 5.9000 | &nbsp;&nbsp;&nbsp;11/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;$1077425 |
| 1000000 | CenterPoint Energy Resources Corporation | 1.7500 | &nbsp;&nbsp;&nbsp;10/01/30 | 880976 |
| 1000000 | Essential Utilities, Inc. | 4.8000 | &nbsp;&nbsp;&nbsp;08/15/27 | 1011219 |
| 1000000 | Essential Utilities, Inc. | 2.7040 | &nbsp;&nbsp;&nbsp;04/15/30 | 928734 |
| 1000000 | Essential Utilities, Inc. | 5.3750 | &nbsp;&nbsp;&nbsp;01/15/34 | 1019222 |
| 1000000 | NiSource, Inc. | 5.4000 | &nbsp;&nbsp;&nbsp;06/30/33 | 1029905 |
|  |  |  |  | 15262442 |
|  | **HOME CONSTRUCTION** — **1.7%** |  |  |  |
| 1000000 | DR Horton, Inc. | 2.6000 | &nbsp;&nbsp;&nbsp;10/15/25 | 997578 |
| 1000000 | DR Horton, Inc. | 1.3000 | &nbsp;&nbsp;&nbsp;10/15/26 | 969690 |
| 1000000 | Fortune Brands Innovations, Inc. | 3.2500 | &nbsp;&nbsp;&nbsp;09/15/29 | 955905 |
| 1000000 | Fortune Brands Innovations, Inc. | 5.8750 | &nbsp;&nbsp;&nbsp;06/01/33 | 1055772 |
| 1000000 | Mohawk Industries, Inc. | 5.8500 | &nbsp;&nbsp;&nbsp;09/18/28 | 1045553 |
| 1000000 | Mohawk Industries, Inc. | 3.6250 | &nbsp;&nbsp;&nbsp;05/15/30 | 964206 |
| 1000000 | PulteGroup, Inc. | 6.3750 | &nbsp;&nbsp;&nbsp;05/15/33 | 1089798 |
|  |  |  |  | 7078502 |
|  | **INSTITUTIONAL FINANCIAL SERVICES** — **1.9%** |  |  |  |
| 7900000 | Cboe Global Markets, Inc. | 3.6500 | &nbsp;&nbsp;&nbsp;01/12/27 | 7860029 |
|  | **INSURANCE** — **3.8%** |  |  |  |
| 1000000 | Globe Life, Inc. | 5.8500 | &nbsp;&nbsp;&nbsp;09/15/34 | 1039997 |
| 7900000 | Loews Corporation | 3.7500 | &nbsp;&nbsp;&nbsp;04/01/26 | 7875154 |
| 1000000 | Loews Corporation | 3.2000 | &nbsp;&nbsp;&nbsp;05/15/30 | 955662 |
| 1000000 | Primerica, Inc. | 2.8000 | &nbsp;&nbsp;&nbsp;11/19/31 | 903952 |
| 1000000 | Progressive Corporation (The) | 3.2000 | &nbsp;&nbsp;&nbsp;03/26/30 | 964149 |
| 1000000 | Progressive Corporation (The) | 4.9500 | &nbsp;&nbsp;&nbsp;06/15/33 | 1020967 |
| 1000000 | Reinsurance Group of America, Inc. | 3.9000 | &nbsp;&nbsp;&nbsp;05/15/29 | 987436 |
| 1000000 | Reinsurance Group of America, Inc. | 3.1500 | &nbsp;&nbsp;&nbsp;06/15/30 | 947524 |
| 1000000 | Reinsurance Group of America, Inc. | 6.0000 | &nbsp;&nbsp;&nbsp;09/15/33 | 1057773 |
|  |  |  |  | 15752614 |
|  | **LEISURE PRODUCTS** — **0.2%** |  |  |  |
| 1000000 | Brunswick Corporation | 4.4000 | &nbsp;&nbsp;&nbsp;09/15/32 | 940222 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **MACHINERY** — **4.5%** |  |  |  |
| 1000000 | AGCO Corporation | 5.4500 | &nbsp;&nbsp;&nbsp;03/21/27 | &nbsp;&nbsp;&nbsp;&nbsp;$1013459 |
| 1000000 | AGCO Corporation | 5.8000 | &nbsp;&nbsp;&nbsp;03/21/34 | 1029525 |
| 1000000 | Caterpillar Financial Services Corporation | 0.8000 | &nbsp;&nbsp;&nbsp;11/13/25 | 993179 |
| 1000000 | Caterpillar Financial Services Corporation | 0.9000 | &nbsp;&nbsp;&nbsp;03/02/26 | 983813 |
| 7900000 | Caterpillar, Inc. | 2.6000 | &nbsp;&nbsp;&nbsp;09/19/29 | 7477021 |
| 1000000 | Caterpillar, Inc. | 1.9000 | &nbsp;&nbsp;&nbsp;03/12/31 | 891697 |
| 1000000 | CNH Industrial Capital, LLC | 1.8750 | &nbsp;&nbsp;&nbsp;01/15/26 | 989423 |
| 1000000 | Ingersoll Rand, Inc. | 5.7000 | &nbsp;&nbsp;&nbsp;08/14/33 | 1054729 |
| 1000000 | Nordson Corporation | 5.8000 | &nbsp;&nbsp;&nbsp;09/15/33 | 1062562 |
| 1000000 | Stanley Black & Decker, Inc. | 6.0000 | &nbsp;&nbsp;&nbsp;03/06/28 | 1042265 |
| 1000000 | Stanley Black & Decker, Inc. | 2.3000 | &nbsp;&nbsp;&nbsp;03/15/30 | 911434 |
| 1000000 | Stanley Black & Decker, Inc. | 3.0000 | &nbsp;&nbsp;&nbsp;05/15/32 | 896609 |
|  |  |  |  | 18345716 |
|  | **MEDICAL EQUIPMENT & DEVICES** — **2.8%** |  |  |  |
| 1000000 | Baxter International, Inc. | 1.9150 | &nbsp;&nbsp;&nbsp;02/01/27 | 967577 |
| 1000000 | Baxter International, Inc. | 2.2720 | &nbsp;&nbsp;&nbsp;12/01/28 | 938280 |
| 7900000 | Baxter International, Inc. | 3.9500 | &nbsp;&nbsp;&nbsp;04/01/30 | 7763523 |
| 1000000 | Baxter International, Inc. | 2.5390 | &nbsp;&nbsp;&nbsp;02/01/32 | 869745 |
| 1000000 | DENTSPLY SIRONA, Inc. | 3.2500 | &nbsp;&nbsp;&nbsp;06/01/30 | 918596 |
|  |  |  |  | 11457721 |
|  | **METALS & MINING** — **2.2%** |  |  |  |
| 1000000 | Newmont Corporation | 2.8000 | &nbsp;&nbsp;&nbsp;10/01/29 | 955215 |
| 1000000 | Newmont Corporation | 2.2500 | &nbsp;&nbsp;&nbsp;10/01/30 | 908675 |
| 7900000 | Newmont Corporation | 2.6000 | &nbsp;&nbsp;&nbsp;07/15/32 | 7065462 |
|  |  |  |  | 8929352 |
|  | **OIL & GAS PRODUCERS** — **9.7%** |  |  |  |
| 1000000 | Cheniere Energy Partners, L.P. | 5.9500 | &nbsp;&nbsp;&nbsp;06/30/33 | 1048679 |
| 1000000 | Continental Resources, Inc. | 4.3750 | &nbsp;&nbsp;&nbsp;01/15/28 | 994099 |
| 1000000 | Devon Energy Corporation | 5.8500 | &nbsp;&nbsp;&nbsp;12/15/25 | 1000226 |
| 1000000 | Devon Energy Corporation | 4.5000 | &nbsp;&nbsp;&nbsp;01/15/30 | 1000641 |
| 1000000 | Devon Energy Corporation | 7.8750 | &nbsp;&nbsp;&nbsp;09/30/31 | 1156687 |
| 1000000 | Devon Energy Corporation | 5.2000 | &nbsp;&nbsp;&nbsp;09/15/34 | 980300 |
| 1000000 | Diamondback Energy, Inc. B | 3.2500 | &nbsp;&nbsp;&nbsp;12/01/26 | 988440 |
| 1000000 | Diamondback Energy, Inc. | 3.5000 | &nbsp;&nbsp;&nbsp;12/01/29 | 964128 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **OIL & GAS PRODUCERS** — **9.7% (Continued)** |  |  |  |
| 7900000 | Diamondback Energy, Inc. | 3.1250 | &nbsp;&nbsp;&nbsp;03/24/31 | &nbsp;&nbsp;&nbsp;&nbsp;$7305524 |
| 1000000 | EOG Resources, Inc. | 4.1500 | &nbsp;&nbsp;&nbsp;01/15/26 | 998967 |
| 1000000 | EQT Corporation | 5.7000 | &nbsp;&nbsp;&nbsp;04/01/28 | 1033750 |
| 1000000 | EQT Corporation | 7.0000 | &nbsp;&nbsp;&nbsp;02/01/30 | 1088024 |
| 1000000 | EQT Corporation | 5.7500 | &nbsp;&nbsp;&nbsp;02/01/34 | 1035421 |
| 1000000 | Kinder Morgan, Inc. | 4.3000 | &nbsp;&nbsp;&nbsp;03/01/28 | 1003727 |
| 1000000 | Kinder Morgan, Inc. | 7.8000 | &nbsp;&nbsp;&nbsp;08/01/31 | 1158155 |
| 1000000 | Kinder Morgan, Inc. | 5.2000 | &nbsp;&nbsp;&nbsp;06/01/33 | 1011823 |
| 1000000 | ONEOK, Inc. | 5.8500 | &nbsp;&nbsp;&nbsp;01/15/26 | 1003698 |
| 1000000 | ONEOK, Inc. | 4.0000 | &nbsp;&nbsp;&nbsp;07/13/27 | 996706 |
| 1000000 | Ovintiv, Inc. | 5.3750 | &nbsp;&nbsp;&nbsp;01/01/26 | 1000292 |
| 1000000 | Targa Resources Corporation | 6.1500 | &nbsp;&nbsp;&nbsp;03/01/29 | 1055556 |
| 1000000 | Targa Resources Corporation | 6.1250 | &nbsp;&nbsp;&nbsp;03/15/33 | 1059013 |
| 1000000 | Targa Resources Partners, L.P. / Targa Resources | 5.0000 | &nbsp;&nbsp;&nbsp;01/15/28 | 1001074 |
| 1000000 | Tennessee Gas Pipeline Company, LLC | 7.0000 | &nbsp;&nbsp;&nbsp;10/15/28 | 1077602 |
| 1000000 | Transcontinental Gas Pipe Line Company, LLC | 7.8500 | &nbsp;&nbsp;&nbsp;02/01/26 | 1006301 |
| 1000000 | Valero Energy Corporation | 3.4000 | &nbsp;&nbsp;&nbsp;09/15/26 | 991226 |
| 7900000 | Valero Energy Corporation | 4.3500 | &nbsp;&nbsp;&nbsp;06/01/28 | 7936066 |
|  |  |  |  | 39896125 |
|  | **OIL & GAS SERVICES & EQUIPMENT** — **0.7%** |  |  |  |
| 1000000 | Schlumberger Holdings Corporation<sup>(a)</sup> | 4.0000 | &nbsp;&nbsp;&nbsp;12/21/25 | 998278 |
| 1000000 | Schlumberger Holdings Corporation<sup>(a)</sup> | 3.9000 | &nbsp;&nbsp;&nbsp;05/17/28 | 997479 |
| 1000000 | Schlumberger Holdings Corporation<sup>(a)</sup> | 4.3000 | &nbsp;&nbsp;&nbsp;05/01/29 | 1006040 |
|  |  |  |  | 3001797 |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **19.0%** |  |  |  |
| 1000000 | Alexandria Real Estate Equities, Inc. | 3.9500 | &nbsp;&nbsp;&nbsp;01/15/28 | 993744 |
| 1000000 | Alexandria Real Estate Equities, Inc. | 4.7000 | &nbsp;&nbsp;&nbsp;07/01/30 | 1008512 |
| 7900000 | Alexandria Real Estate Equities, Inc. | 4.9000 | &nbsp;&nbsp;&nbsp;12/15/30 | 8033821 |
| 1000000 | Alexandria Real Estate Equities, Inc. | 3.3750 | &nbsp;&nbsp;&nbsp;08/15/31 | 936462 |
| 1000000 | Alexandria Real Estate Equities, Inc. | 2.0000 | &nbsp;&nbsp;&nbsp;05/18/32 | 837745 |
| 1000000 | Boston Properties, L.P. | 3.6500 | &nbsp;&nbsp;&nbsp;02/01/26 | 995531 |
| 1000000 | Boston Properties, L.P. | 4.5000 | &nbsp;&nbsp;&nbsp;12/01/28 | 1000785 |
| 1000000 | Boston Properties, L.P. | 3.4000 | &nbsp;&nbsp;&nbsp;06/21/29 | 958647 |
| 7900000 | Boston Properties, L.P. | 3.2500 | &nbsp;&nbsp;&nbsp;01/30/31 | 7342435 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **19.0% (Continued)** |  |  |  |
| 1000000 | Boston Properties, L.P. | 2.5500 | &nbsp;&nbsp;&nbsp;04/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;$858807 |
| 7900000 | Camden Property Trust | 4.9000 | &nbsp;&nbsp;&nbsp;01/15/34 | 7939279 |
| 1000000 | Crown Castle, Inc. | 3.3000 | &nbsp;&nbsp;&nbsp;07/01/30 | 944495 |
| 1000000 | Crown Castle, Inc. | 5.8000 | &nbsp;&nbsp;&nbsp;03/01/34 | 1042840 |
| 1000000 | Digital Realty Trust, L.P. | 3.7000 | &nbsp;&nbsp;&nbsp;08/15/27 | 992657 |
| 1000000 | Digital Realty Trust, L.P. | 4.4500 | &nbsp;&nbsp;&nbsp;07/15/28 | 1008074 |
| 1000000 | Digital Realty Trust, L.P. | 3.6000 | &nbsp;&nbsp;&nbsp;07/01/29 | 975968 |
| 1000000 | Extra Space Storage, L.P. | 3.9000 | &nbsp;&nbsp;&nbsp;04/01/29 | 984724 |
| 7900000 | Extra Space Storage, L.P. | 2.5500 | &nbsp;&nbsp;&nbsp;06/01/31 | 7095586 |
| 1000000 | Extra Space Storage, L.P. | 2.3500 | &nbsp;&nbsp;&nbsp;03/15/32 | 858273 |
| 1000000 | Invitation Homes Operating Partnership, L.P. | 2.0000 | &nbsp;&nbsp;&nbsp;08/15/31 | 862271 |
| 1000000 | Kite Realty Group Trust | 4.7500 | &nbsp;&nbsp;&nbsp;09/15/30 | 1004196 |
| 1000000 | LXP Industrial Trust | 2.7000 | &nbsp;&nbsp;&nbsp;09/15/30 | 910414 |
| 1000000 | LXP Industrial Trust | 2.3750 | &nbsp;&nbsp;&nbsp;10/01/31 | 864459 |
| 1000000 | Mid-America Apartments, L.P. | 4.0000 | &nbsp;&nbsp;&nbsp;11/15/25 | 998525 |
| 1000000 | National Health Investors, Inc. | 3.0000 | &nbsp;&nbsp;&nbsp;02/01/31 | 893759 |
| 1000000 | NNN REIT, Inc. | 2.5000 | &nbsp;&nbsp;&nbsp;04/15/30 | 923801 |
| 1000000 | NNN REIT, Inc. | 5.6000 | &nbsp;&nbsp;&nbsp;10/15/33 | 1041330 |
| 1000000 | Omega Healthcare Investors, Inc. | 4.7500 | &nbsp;&nbsp;&nbsp;01/15/28 | 1008493 |
| 1000000 | Omega Healthcare Investors, Inc. | 3.6250 | &nbsp;&nbsp;&nbsp;10/01/29 | 958022 |
| 1000000 | Omega Healthcare Investors, Inc. | 3.2500 | &nbsp;&nbsp;&nbsp;04/15/33 | 870749 |
| 1000000 | Prologis, L.P. | 3.8750 | &nbsp;&nbsp;&nbsp;09/15/28 | 994510 |
| 1000000 | Prologis, L.P. | 2.2500 | &nbsp;&nbsp;&nbsp;04/15/30 | 919680 |
| 1000000 | Prologis, L.P. | 1.2500 | &nbsp;&nbsp;&nbsp;10/15/30 | 865852 |
| 1000000 | Prologis, L.P. | 1.6250 | &nbsp;&nbsp;&nbsp;03/15/31 | 870396 |
| 1000000 | Public Storage Operating Company | 0.8750 | &nbsp;&nbsp;&nbsp;02/15/26 | 984274 |
| 1000000 | Public Storage Operating Company | 3.0940 | &nbsp;&nbsp;&nbsp;09/15/27 | 982934 |
| 1000000 | Simon Property Group, L.P. | 3.3000 | &nbsp;&nbsp;&nbsp;01/15/26 | 995811 |
| 7900000 | Sun Communities Operating, L.P. | 2.3000 | &nbsp;&nbsp;&nbsp;11/01/28 | 7482817 |
| 1000000 | Sun Communities Operating, L.P. | 2.7000 | &nbsp;&nbsp;&nbsp;07/15/31 | 905245 |
| 1000000 | UDR, Inc. | 3.2000 | &nbsp;&nbsp;&nbsp;01/15/30 | 957508 |
| 1000000 | UDR, Inc. | 2.1000 | &nbsp;&nbsp;&nbsp;08/01/32 | 844671 |
| 1000000 | Ventas Realty, L.P. | 4.1250 | &nbsp;&nbsp;&nbsp;01/15/26 | 998123 |
| 1000000 | Ventas Realty, L.P. | 3.2500 | &nbsp;&nbsp;&nbsp;10/15/26 | 988033 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **19.0% (Continued)** |  |  |  |
| 1000000 | Ventas Realty, L.P. | 4.0000 | &nbsp;&nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;$995318 |
| 1000000 | Ventas Realty, L.P. | 4.4000 | &nbsp;&nbsp;&nbsp;01/15/29 | 1003496 |
| 1000000 | Ventas Realty, L.P. | 4.7500 | &nbsp;&nbsp;&nbsp;11/15/30 | 1009858 |
| 1000000 | WP Carey, Inc. | 2.4000 | &nbsp;&nbsp;&nbsp;02/01/31 | 890981 |
| 1000000 | WP Carey, Inc. | 2.2500 | &nbsp;&nbsp;&nbsp;04/01/33 | 828639 |
|  |  |  |  | 78662550 |
|  | **RETAIL - CONSUMER STAPLES** — **1.9%** |  |  |  |
| 7900000 | Dollar General Corporation | 3.8750 | &nbsp;&nbsp;&nbsp;04/15/27 | 7855881 |
|  | **RETAIL - DISCRETIONARY** — **2.8%** |  |  |  |
| 7900000 | AutoZone, Inc. | 3.7500 | &nbsp;&nbsp;&nbsp;06/01/27 | 7844579 |
| 1000000 | Genuine Parts Company | 6.5000 | &nbsp;&nbsp;&nbsp;11/01/28 | 1064939 |
| 1000000 | Genuine Parts Company | 1.8750 | &nbsp;&nbsp;&nbsp;11/01/30 | 879445 |
| 1000000 | Genuine Parts Company | 2.7500 | &nbsp;&nbsp;&nbsp;02/01/32 | 883930 |
| 1000000 | Tractor Supply Company | 5.2500 | &nbsp;&nbsp;&nbsp;05/15/33 | 1025472 |
|  |  |  |  | 11698365 |
|  | **SEMICONDUCTORS** — **2.6%** |  |  |  |
| 1000000 | Broadcom, Inc. | 3.4590 | &nbsp;&nbsp;&nbsp;09/15/26 | 993212 |
| 1000000 | Broadcom, Inc. | 4.1100 | &nbsp;&nbsp;&nbsp;09/15/28 | 999624 |
| 1000000 | KLA Corporation | 4.1000 | &nbsp;&nbsp;&nbsp;03/15/29 | 1003137 |
| 1000000 | KLA Corporation | 4.6500 | &nbsp;&nbsp;&nbsp;07/15/32 | 1009032 |
| 1000000 | KLA Corporation | 4.7000 | &nbsp;&nbsp;&nbsp;02/01/34 | 997610 |
| 1000000 | Microchip Technology, Inc. | 4.2500 | &nbsp;&nbsp;&nbsp;09/01/25 | 1000000 |
| 1000000 | QUALCOMM, Inc. | 3.2500 | &nbsp;&nbsp;&nbsp;05/20/27 | 990262 |
| 1000000 | QUALCOMM, Inc. | 1.3000 | &nbsp;&nbsp;&nbsp;05/20/28 | 935190 |
| 1000000 | QUALCOMM, Inc. | 2.1500 | &nbsp;&nbsp;&nbsp;05/20/30 | 917920 |
| 1000000 | QUALCOMM, Inc. | 5.4000 | &nbsp;&nbsp;&nbsp;05/20/33 | 1057029 |
| 1000000 | Skyworks Solutions, Inc. | 3.0000 | &nbsp;&nbsp;&nbsp;06/01/31 | 901552 |
|  |  |  |  | 10804568 |
|  | **SOFTWARE** — **2.8%** |  |  |  |
| 1000000 | Fortinet, Inc. | 1.0000 | &nbsp;&nbsp;&nbsp;03/15/26 | 981355 |
| 7900000 | Fortinet, Inc. | 2.2000 | &nbsp;&nbsp;&nbsp;03/15/31 | 7039711 |
| 1000000 | Roper Technologies, Inc. | 4.2000 | &nbsp;&nbsp;&nbsp;09/15/28 | 1000743 |
| 1000000 | Roper Technologies, Inc. | 2.0000 | &nbsp;&nbsp;&nbsp;06/30/30 | 898061 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **SOFTWARE** — **2.8% (Continued)** |  |  |  |
| 1000000 | Roper Technologies, Inc. | 1.7500 | &nbsp;&nbsp;&nbsp;02/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;$867119 |
| 1000000 | Roper Technologies, Inc. | 4.7500 | &nbsp;&nbsp;&nbsp;02/15/32 | 1006590 |
|  |  |  |  | 11793579 |
|  | **SPECIALTY FINANCE** — **0.2%** |  |  |  |
| 1000000 | Air Lease Corporation | 2.8750 | &nbsp;&nbsp;&nbsp;01/15/32 | 896838 |
|  | **STEEL** — **2.2%** |  |  |  |
| 7900000 | Nucor Corporation | 2.7000 | &nbsp;&nbsp;&nbsp;06/01/30 | 7375471 |
| 1000000 | Steel Dynamics, Inc. | 3.4500 | &nbsp;&nbsp;&nbsp;04/15/30 | 958303 |
| 1000000 | Steel Dynamics, Inc. | 3.2500 | &nbsp;&nbsp;&nbsp;01/15/31 | 940912 |
|  |  |  |  | 9274686 |
|  | **TECHNOLOGY HARDWARE** — **4.2%** |  |  |  |
| 1000000 | Arrow Electronics, Inc. | 3.8750 | &nbsp;&nbsp;&nbsp;01/12/28 | 987154 |
| 1000000 | Arrow Electronics, Inc. | 2.9500 | &nbsp;&nbsp;&nbsp;02/15/32 | 883486 |
| 1000000 | Jabil, Inc. | 4.2500 | &nbsp;&nbsp;&nbsp;05/15/27 | 1000505 |
| 1000000 | Jabil, Inc. | 3.9500 | &nbsp;&nbsp;&nbsp;01/12/28 | 991687 |
| 7900000 | Jabil, Inc. | 3.6000 | &nbsp;&nbsp;&nbsp;01/15/30 | 7590828 |
| 1000000 | Jabil, Inc. | 3.0000 | &nbsp;&nbsp;&nbsp;01/15/31 | 917963 |
| 1000000 | Juniper Networks, Inc. | 3.7500 | &nbsp;&nbsp;&nbsp;08/15/29 | 975976 |
| 1000000 | Juniper Networks, Inc. | 2.0000 | &nbsp;&nbsp;&nbsp;12/10/30 | 877090 |
| 1000000 | Teledyne FLIR, LLC | 2.5000 | &nbsp;&nbsp;&nbsp;08/01/30 | 914121 |
| 1000000 | Western Digital Corporation | 2.8500 | &nbsp;&nbsp;&nbsp;02/01/29 | 940685 |
| 1000000 | Western Digital Corporation | 3.1000 | &nbsp;&nbsp;&nbsp;02/01/32 | 891944 |
|  |  |  |  | 16971439 |
|  | **TECHNOLOGY SERVICES** — **1.4%** |  |  |  |
| 1000000 | Amdocs Ltd. | 2.5380 | &nbsp;&nbsp;&nbsp;06/15/30 | 913957 |
| 1000000 | Equifax, Inc. | 2.6000 | &nbsp;&nbsp;&nbsp;12/15/25 | 994766 |
| 1000000 | Equifax, Inc. | 5.1000 | &nbsp;&nbsp;&nbsp;12/15/27 | 1019212 |
| 1000000 | MSCI, Inc.<sup>(a)</sup> | 3.6250 | &nbsp;&nbsp;&nbsp;11/01/31 | 931950 |
| 1000000 | Verisk Analytics, Inc. | 4.1250 | &nbsp;&nbsp;&nbsp;03/15/29 | 999996 |
| 1000000 | Verisk Analytics, Inc. | 5.7500 | &nbsp;&nbsp;&nbsp;04/01/33 | 1057259 |
|  |  |  |  | 5917140 |
|  | **TRANSPORTATION & LOGISTICS** — **1.2%** |  |  |  |
| 1000000 | CSX Corporation | 3.3500 | &nbsp;&nbsp;&nbsp;11/01/25 | 998017 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** | **INSPIRE CORPORATE BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 99.0% (Continued)** |  |  |  |
|  | **TRANSPORTATION & LOGISTICS** — **1.2% (Continued)** |  |  |  |
| 1000000 | CSX Corporation | 3.8000 | &nbsp;&nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;$995230 |
| 1000000 | CSX Corporation | 4.2500 | &nbsp;&nbsp;&nbsp;03/15/29 | 1004014 |
| 1000000 | JB Hunt Transport Services, Inc. | 3.8750 | &nbsp;&nbsp;&nbsp;03/01/26 | 996835 |
| 1000000 | Ryder System, Inc. | 5.2500 | &nbsp;&nbsp;&nbsp;06/01/28 | 1027203 |
|  |  |  |  | 5021299 |
|  | **TRANSPORTATION EQUIPMENT** — **0.7%** |  |  |  |
| 1000000 | Westinghouse Air Brake Technologies Corporation | 3.4500 | &nbsp;&nbsp;&nbsp;11/15/26 | 990547 |
| 1000000 | Westinghouse Air Brake Technologies Corporation | 4.7000 | &nbsp;&nbsp;&nbsp;09/15/28 | 1013125 |
| 1000000 | Westinghouse Air Brake Technologies Corporation | 5.6110 | &nbsp;&nbsp;&nbsp;03/11/34 | 1038906 |
|  |  |  |  | 3042578 |
|  | **WHOLESALE - CONSUMER STAPLES** — **0.2%** |  |  |  |
| 1000000 | Archer-Daniels-Midland Company | 4.5000 | &nbsp;&nbsp;&nbsp;08/15/33 | 989720 |
|  | **TOTAL CORPORATE BONDS (Cost $403,827,294)** |  |  | 409875238 |
|  | **TOTAL INVESTMENTS - 99.0% (Cost $403,827,294)** |  |  | &nbsp;&nbsp;&nbsp; $409875238 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 1.0%** |  |  | &nbsp;&nbsp; 3973567 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $413848805 |

---

---

| | |
|:---|:---|
| LLC | - Limited Liability Company |
| L.P. | - Limited Partnership |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| <sup>(a)</sup> | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of August 31, 2025 the total market value of 144A securities is $3,933,747 or 1.0% of net assets. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Lights Fund Trust IV

- **b. Investment Company Act file number:** 811-23066

- **c. CIK number of Registrant:** 0001644419

- **d. LEI of Registrant:** 549300UIBIHXQ3PDEC28

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Inspire Corporate Bond ETF

- **b. EDGAR series identifier (if any):** S000056116

- **c. LEI of Series:** 549300DLDH7OYNEDTI28

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $415451949.96

**Total Liabilities:** $1603144.82

**Net Assets:** $413848805.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 914.56320800 | **1-Year:** 25598.66898100 | **5-Year:** 94134.63761700 | **10-Year:** 26223.98170400 | **30-Year:** 0.00000000

**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 C000176728 | 1.29%                | 0.13%                | 1.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $64071.18                | $3512927.64                                |
| Month 2  | $-28614.07               | $-1015785.22                               |
| Month 3  | $-0.03                   | $3036719.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Waste Management, Inc.                                    | WM 3.15 11/15/27      | CUSIP: 94106LBE8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983560.70    | 0.24%             | 2027-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| The Campbells Co.                                         | CPB 5.4 03/21/34      | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015354.77   | 0.25%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                             | QCOM 3 1/4 05/20/27   | CUSIP: 747525AU7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990262.22    | 0.24%             | 2027-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                         | CCI 3.3 07/01/30      | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $944494.67    | 0.23%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                                            | ALB 5.05 06/01/32     | CUSIP: 012653AE1<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979213.38    | 0.24%             | 2032-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                                   | ARW 2.95 02/15/32     | CUSIP: 04273WAC5<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $883486.22    | 0.21%             | 2032-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corporation                         | SLB 4.3 05/01/29      | CUSIP: 806851AH4<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006039.44   | 0.24%             | 2029-05-01      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Jabil Inc                                                 | JBL 4 1/4 05/15/27    | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000505.02   | 0.24%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Teledyne FLIR LLC                                         | TDY 2 1/2 08/01/30    | CUSIP: 302445AE1<br>LEI: 5493000HDPX16EHNN346 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $914120.55    | 0.22%             | 2030-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                | ZION 3 1/4 10/29/29   | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $928160.13    | 0.22%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                 | JBL 3 01/15/31        | CUSIP: 466313AK9<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $917962.80    | 0.22%             | 2031-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Microchip Technology Incorporated                         | MCHP 4 1/4 09/01/25   | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.24%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                     | WDC 2.85 02/01/29     | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $940685.26    | 0.23%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| NNN REIT Inc                                              | NNN 5.6 10/15/33      | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1041330.31   | 0.25%             | 2033-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Public Storage                                            | PSA 0 7/8 02/15/26    | CUSIP: 74460WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984274.06    | 0.24%             | 2026-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Mohawk Industries, Inc.                                   | MHK 3 5/8 05/15/30    | CUSIP: 608190AL8<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964205.55    | 0.23%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                     | PWR 5 1/4 08/09/34    | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012735.06   | 0.24%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                             | QCOM 1.3 05/20/28     | CUSIP: 747525BN2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935189.73    | 0.23%             | 2028-05-20      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                   | RSG 3 3/8 11/15/27    | CUSIP: 760759AS9<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989013.63    | 0.24%             | 2027-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp                                               | WAB 4.7 09/15/28      | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013125.33   | 0.24%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                    | ROP 4 3/4 02/15/32    | CUSIP: 776696AH9<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006590.09   | 0.24%             | 2032-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                    | EXR 2.35 03/15/32     | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $858273.12    | 0.21%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                        | EOG 4.15 01/15/26     | CUSIP: 26875PAP6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998967.34    | 0.24%             | 2026-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                  | DVN 5.85 12/15/25     | CUSIP: 25179MAV5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000225.63   | 0.24%             | 2025-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                              | SWK 2.3 03/15/30      | CUSIP: 854502AL5<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $911433.78    | 0.22%             | 2030-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                              | MDLZ 4 3/4 02/20/29   | CUSIP: 609207BC8<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023134.44   | 0.25%             | 2029-02-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                              | AVGO 3.459 09/15/26   | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993211.76    | 0.24%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Loews Corporation                                         | L 3 3/4 04/01/26      | CUSIP: 540424AS7<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7875155.29   | 1.90%             | 2026-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cabot Corporation                                         | CBT 5 06/30/32        | CUSIP: 127055AM3<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008406.17   | 0.24%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                           | CSX 3.35 11/01/25     | CUSIP: 126408HD8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998016.98    | 0.24%             | 2025-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                        | CAG 4.6 11/01/25      | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999547.86    | 0.24%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                              | MDLZ 2 3/4 04/13/30   | CUSIP: 609207AT2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936425.51    | 0.23%             | 2030-04-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                    | WM 0 3/4 11/15/25     | CUSIP: 94106LBL2<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992241.40    | 0.24%             | 2025-11-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Camden Property Trust                                     | CPT 4.9 01/15/34      | CUSIP: 133131BB7<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7939278.88   | 1.92%             | 2034-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| First Citizens Bank & Trust Company                       | FCNCA 6 1/8 03/09/28  | CUSIP: 125581GX0<br>LEI: L9VVX1KT5TFTKS0MLF66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038497.18   | 0.25%             | 2028-03-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Newmont Corporation                                       | NEM 2 1/4 10/01/30    | CUSIP: 651639AY2<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $908674.69    | 0.22%             | 2030-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                      | APH 5.05 04/05/27     | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015554.60   | 0.25%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| J. B. Hunt Transport Services, Inc.                       | JBHT 3 7/8 03/01/26   | CUSIP: 445658CF2<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996835.03    | 0.24%             | 2026-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Amcor Finance (USA) Inc.                                  | AMCR 4 1/2 05/15/28   | CUSIP: 02343UAH8<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004985.99   | 0.24%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                    | EXR 2.55 06/01/31     | CUSIP: 30225VAF4<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7095586.21   | 1.71%             | 2031-06-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                        | RPRX 1.2 09/02/25     | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1000000.00   | 0.24%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Dollar General Corporation                                | DG 3 7/8 04/15/27     | CUSIP: 256677AE5<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7855881.27   | 1.90%             | 2027-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| D.R. Horton, Inc.                                         | DHI 1.3 10/15/26      | CUSIP: 23331ABQ1<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969689.52    | 0.23%             | 2026-10-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                           | CSX 3.8 03/01/28      | CUSIP: 126408HJ5<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995230.22    | 0.24%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Cintas Corporation No. 2                                  | CTAS 4 05/01/32       | CUSIP: 17252MAQ3<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973933.10    | 0.24%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nordson Corp                                              | NDSN 5.8 09/15/33     | CUSIP: 655663AB8<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1062562.77   | 0.26%             | 2033-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Mohawk Industries, Inc.                                   | MHK 5.85 09/18/28     | CUSIP: 608190AM6<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045552.84   | 0.25%             | 2028-09-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.                                | DLR 4.45 07/15/28     | CUSIP: 25389JAT3<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008073.73   | 0.24%             | 2028-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                              | MDLZ 4 3/4 08/28/34   | CUSIP: 609207BE4<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992359.93    | 0.24%             | 2034-08-28      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Devon Financing Corp ULC                                  | DVN 7 7/8 09/30/31    | CUSIP: 25179SAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1156686.79   | 0.28%             | 2031-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                         | AMCR 2.63 06/19/30    | CUSIP: 081437AT2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $919574.63    | 0.22%             | 2030-06-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Primerica, Inc.                                           | PRI 2.8 11/19/31      | CUSIP: 74164MAB4<br>LEI: 254900621R686KJR7022 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $903951.77    | 0.22%             | 2031-11-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Cintas Corporation No. 2                                  | CTAS 3.7 04/01/27     | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995056.36    | 0.24%             | 2027-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp                                               | WAB 5.611 03/11/34    | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038905.60   | 0.25%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                           | CAT 2.6 09/19/29      | CUSIP: 149123CG4<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7477021.83   | 1.81%             | 2029-09-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                          | OHI 3 5/8 10/01/29    | CUSIP: 681936BL3<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958022.17    | 0.23%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                     | WEC 1 3/8 10/15/27    | CUSIP: 92939UAD8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $947041.85    | 0.23%             | 2027-10-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                       | ETR 0.9 09/15/25      | CUSIP: 29364GAM5<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998630.25    | 0.24%             | 2025-09-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                         | CCI 5.8 03/01/34      | CUSIP: 22822VBE0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042840.35   | 0.25%             | 2034-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| W. P. Carey Inc                                           | WPC 2 1/4 04/01/33    | CUSIP: 92936UAH2<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $828639.25    | 0.20%             | 2033-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | ARE 4.7 07/01/30      | CUSIP: 015271AN9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008512.17   | 0.24%             | 2030-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                        | CAG 1 3/8 11/01/27    | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7410481.08   | 1.79%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                      | STLD 3 1/4 01/15/31   | CUSIP: 858119BM1<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $940911.94    | 0.23%             | 2031-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                      | LXP 2.7 09/15/30      | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $910414.32    | 0.22%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BorgWarner Inc.                                           | BWA 2.65 07/01/27     | CUSIP: 099724AL0<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973294.39    | 0.24%             | 2027-07-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp. | TRGP 5 01/15/28       | CUSIP: 87612BBG6<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001073.88   | 0.24%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                         | ES 5.95 07/15/34      | CUSIP: 30040WAZ1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1049455.95   | 0.25%             | 2034-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                   | CSL 3 3/4 12/01/27    | CUSIP: 142339AH3<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991196.98    | 0.24%             | 2027-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Amdocs Limited                                            | DOX 2.538 06/15/30    | CUSIP: 02342TAE9<br>LEI: 549300HQV672RJ7RQV66 | Long             | DBT              | CORP              | GG        |   1000000 | PA      | $913956.83    | 0.22%             | 2030-06-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                        | IR 5.7 08/14/33       | CUSIP: 45687VAB2<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1054729.40   | 0.25%             | 2033-08-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corporation                             | RF 1.8 08/12/28       | CUSIP: 7591EPAT7<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935737.34    | 0.23%             | 2028-08-12      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions, Inc.                                  | SWKS 3 06/01/31       | CUSIP: 83088MAL6<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $901552.10    | 0.22%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fortinet Inc                                              | FTNT 2.2 03/15/31     | CUSIP: 34959EAB5<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7039711.09   | 1.70%             | 2031-03-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                                   | SPG 3.3 01/15/26      | CUSIP: 828807CW5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995810.69    | 0.24%             | 2026-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Newmont Corporation                                       | NEM 2.6 07/15/32      | CUSIP: 651639AZ9<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7065462.49   | 1.71%             | 2032-07-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                              | SWK 3 05/15/32        | CUSIP: 854502AQ4<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $896608.80    | 0.22%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corporation                         | SLB 3.9 05/17/28      | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997479.49    | 0.24%             | 2028-05-17      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                         | VTR 4.4 01/15/29      | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003495.77   | 0.24%             | 2029-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                              | AVGO 4.11 09/15/28    | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999624.31    | 0.24%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | BXP 3 1/4 01/30/31    | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7342435.14   | 1.77%             | 2031-01-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                        | ATO 2 5/8 09/15/29    | CUSIP: 049560AR6<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7464685.43   | 1.80%             | 2029-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Inc                                    | CNP 2.65 06/01/31     | CUSIP: 15189TBB2<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $906927.21    | 0.22%             | 2031-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Ovintiv Exploration Inc.                                  | OVV 5 3/8 01/01/26    | CUSIP: 651290AR9<br>LEI: T8W3X1PFLPW2YE0UIP44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000292.31   | 0.24%             | 2026-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                                   | CBOE 3.65 01/12/27    | CUSIP: 12503MAA6<br>LEI: 529900RLNSGA90UPEH54 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7860028.84   | 1.90%             | 2027-01-12      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                | OKE 5.85 01/15/26     | CUSIP: 682680BD4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003697.64   | 0.24%             | 2026-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                            | PLD 1 1/4 10/15/30    | CUSIP: 74340XBR1<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $865852.14    | 0.21%             | 2030-10-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                | CNHI 1 7/8 01/15/26   | CUSIP: 12592BAL8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989422.61    | 0.24%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                       | KMI 5.2 06/01/33      | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011823.16   | 0.24%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                           | EQT 7 02/01/30        | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1088023.92   | 0.26%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                   | RSG 2.3 03/01/30      | CUSIP: 760759AV2<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $924735.04    | 0.22%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                       | ETR 2.8 06/15/30      | CUSIP: 29364GAL7<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $931731.53    | 0.23%             | 2030-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                               | CQP 5.95 06/30/33     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048678.75   | 0.25%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                   | RSG 1 3/4 02/15/32    | CUSIP: 760759AZ3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $853352.35    | 0.21%             | 2032-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Dentsply Sirona Inc                                       | XRAY 3 1/4 06/01/30   | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $918596.46    | 0.22%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Trimble Inc                                               | TRMB 6.1 03/15/33     | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1063511.88   | 0.26%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| The Progressive Corporation                               | PGR 3.2 03/26/30      | CUSIP: 743315AW3<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964148.53    | 0.23%             | 2030-03-26      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Public Storage                                            | PSA 3.094 09/15/27    | CUSIP: 74460DAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982934.21    | 0.24%             | 2027-09-15      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co.                                | ADM 4 1/2 08/15/33    | CUSIP: 039482AE4<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989719.88    | 0.24%             | 2033-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                 | JBL 3.6 01/15/30      | CUSIP: 466313AJ2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7590829.08   | 1.83%             | 2030-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | ARE 3 3/8 08/15/31    | CUSIP: 015271AR0<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936462.30    | 0.23%             | 2031-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Consolidated Inc                                | COKE 5.45 06/01/34    | CUSIP: 191098AP7<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038644.00   | 0.25%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                    | WM 4 5/8 02/15/33     | CUSIP: 94106LBU2<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005900.96   | 0.24%             | 2033-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fortinet Inc                                              | FTNT 1 03/15/26       | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981354.50    | 0.24%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                 | JBL 3.95 01/12/28     | CUSIP: 466313AH6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991687.40    | 0.24%             | 2028-01-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Essential Utilities Inc                                   | WTRG 4.8 08/15/27     | CUSIP: 29670GAJ1<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011218.53   | 0.24%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                      | APH 2.2 09/15/31      | CUSIP: 032095AL5<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $884970.17    | 0.21%             | 2031-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Aptargroup Inc.                                           | ATR 3.6 03/15/32      | CUSIP: 038336AA1<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $919172.60    | 0.22%             | 2032-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                            | PLD 2 1/4 04/15/30    | CUSIP: 74340XBM2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $919679.68    | 0.22%             | 2030-04-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                         | VTR 4 03/01/28        | CUSIP: 92277GAM9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995317.83    | 0.24%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                          | OHI 4 3/4 01/15/28    | CUSIP: 681936BK5<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008493.17   | 0.24%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| The Progressive Corporation                               | PGR 4.95 06/15/33     | CUSIP: 743315BB8<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020966.92   | 0.25%             | 2033-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                        | ATO 3 06/15/27        | CUSIP: 049560AN5<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985314.41    | 0.24%             | 2027-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                                            | ALB 4.65 06/01/27     | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000496.96   | 0.24%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LP                                       | EMACN 3.55 06/15/26   | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991783.91    | 0.24%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| KLA Corp.                                                 | KLAC 4.7 02/01/34     | CUSIP: 482480AP5<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997610.46    | 0.24%             | 2034-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                             | QCOM 2.15 05/20/30    | CUSIP: 747525BK8<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $917919.80    | 0.22%             | 2030-05-20      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                   | UDR 2.1 08/01/32      | CUSIP: 90265EAT7<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $844670.95    | 0.20%             | 2032-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Inc                                    | CNP 1.45 06/01/26     | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978514.31    | 0.24%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                    | ROP 3.8 12/15/26      | CUSIP: 776743AD8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994022.77    | 0.24%             | 2026-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | BXP 2.55 04/01/32     | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $858806.63    | 0.21%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.                                | DLR 3.6 07/01/29      | CUSIP: 25389JAU0<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975968.32    | 0.24%             | 2029-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Waste Connections Inc.                                    | WCNCN 4 1/4 12/01/28  | CUSIP: 941053AH3<br>LEI: 549300ZX1Z8QGWASPX54 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1007650.24   | 0.24%             | 2028-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                     | PH 3 1/4 06/14/29     | CUSIP: 701094AN4<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7661768.71   | 1.85%             | 2029-06-14      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pulte Group Inc                                           | PHM 6 3/8 05/15/33    | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1089797.96   | 0.26%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| The Campbells Co.                                         | CPB 4.15 03/15/28     | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999975.42    | 0.24%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                   | CSL 2.2 03/01/32      | CUSIP: 142339AL4<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $855917.52    | 0.21%             | 2032-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Tennessee Gas Pipeline Company                            | KMI 7 10/15/28        | CUSIP: 880451AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1077601.62   | 0.26%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| W. P. Carey Inc                                           | WPC 2.4 02/01/31      | CUSIP: 92936UAG4<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $890980.56    | 0.22%             | 2031-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Agco Corporation                                          | AGCO 5.45 03/21/27    | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013458.53   | 0.24%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                | BAX 2.272 12/01/28    | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $938279.51    | 0.23%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated                         | MKC 4.95 04/15/33     | CUSIP: 579780AT4<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009484.02   | 0.24%             | 2033-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                           | CSX 4 1/4 03/15/29    | CUSIP: 126408HM8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004013.54   | 0.24%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                     | AL 2 7/8 01/15/32     | CUSIP: 00914AAS1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $896838.42    | 0.22%             | 2032-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                      | CAT 0.8 11/13/25      | CUSIP: 14913R2H9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993178.63    | 0.24%             | 2025-11-13      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | BXP 3.65 02/01/26     | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995530.58    | 0.24%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                                    | VRSK 5 3/4 04/01/33   | CUSIP: 92345YAH9<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057259.71   | 0.26%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc                            | FBINUS 3 1/4 09/15/29 | CUSIP: 34964CAE6<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955905.03    | 0.23%             | 2029-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                   | UDR 3.2 01/15/30      | CUSIP: 90265EAQ3<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $957507.76    | 0.23%             | 2030-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Essential Utilities Inc                                   | WTRG 5 3/8 01/15/34   | CUSIP: 29670GAH5<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019222.10   | 0.25%             | 2034-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                      | LXP 2 3/8 10/01/31    | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $864458.84    | 0.21%             | 2031-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Company                                  | VMC 3.9 04/01/27      | CUSIP: 929160AT6<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997337.25    | 0.24%             | 2027-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                              | SWK 6 03/06/28        | CUSIP: 854502AT8<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042265.28   | 0.25%             | 2028-03-06      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KLA Corp.                                                 | KLAC 4.1 03/15/29     | CUSIP: 482480AG5<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003136.51   | 0.24%             | 2029-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartments, L.P.                              | MAA 4 11/15/25        | CUSIP: 59523UAM9<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998525.45    | 0.24%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                      | APH 2.8 02/15/30      | CUSIP: 032095AJ0<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $945892.23    | 0.23%             | 2030-02-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| KLA Corp.                                                 | KLAC 4.65 07/15/32    | CUSIP: 482480AL4<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009032.42   | 0.24%             | 2032-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                     | TRGP 6 1/8 03/15/33   | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1059012.69   | 0.26%             | 2033-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                           | EQT 5.7 04/01/28      | CUSIP: 26884LAQ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033749.96   | 0.25%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                 | MSCI 3 5/8 11/01/31   | CUSIP: 55354GAM2<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $931949.50    | 0.23%             | 2031-11-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                         | VTR 3 1/4 10/15/26    | CUSIP: 92277GAJ6<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988032.61    | 0.24%             | 2026-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                       | KMI 4.3 03/01/28      | CUSIP: 49456BAP6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003726.51   | 0.24%             | 2028-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                     | WDC 3.1 02/01/32      | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891943.50    | 0.22%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                                    | VRSK 4 1/8 03/15/29   | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999996.04    | 0.24%             | 2029-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                           | EQT 5 3/4 02/01/34    | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035421.25   | 0.25%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LYB International Finance III LLC                         | LYB 1 1/4 10/01/25    | CUSIP: 50249AAF0<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997183.66    | 0.24%             | 2025-10-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | BXP 3.4 06/21/29      | CUSIP: 10112RBB9<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958647.07    | 0.23%             | 2029-06-21      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Essential Utilities Inc                                   | WTRG 2.704 04/15/30   | CUSIP: 29670GAD4<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $928734.30    | 0.22%             | 2030-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                   | CSL 2 3/4 03/01/30    | CUSIP: 142339AJ9<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7385727.62   | 1.78%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                         | VTR 4 3/4 11/15/30    | CUSIP: 92277GAV9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009858.33   | 0.24%             | 2030-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                       | VLO 4.35 06/01/28     | CUSIP: 91913YAV2<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7936067.21   | 1.92%             | 2028-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Amcor Finance (USA) Inc.                                  | AMCR 3 5/8 04/28/26   | CUSIP: 02343UAG0<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994861.90    | 0.24%             | 2026-04-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                          | GPC 1 7/8 11/01/30    | CUSIP: 372460AA3<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $879445.18    | 0.21%             | 2030-11-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                      | BXP 4 1/2 12/01/28    | CUSIP: 10112RBA1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000784.75   | 0.24%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BorgWarner Inc.                                           | BWA 5.4 08/15/34      | CUSIP: 099724AQ9<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018090.05   | 0.25%             | 2034-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                       | VLO 3.4 09/15/26      | CUSIP: 91913YAU4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991225.72    | 0.24%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                    | ROP 1 3/4 02/15/31    | CUSIP: 776743AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $867119.18    | 0.21%             | 2031-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Kite Realty Group, L.P.                                   | KRG 4 3/4 09/15/30    | CUSIP: 76131VAB9<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004196.14   | 0.24%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                    | EXR 3.9 04/01/29      | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984724.42    | 0.24%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NNN REIT Inc                                              | NNN 2 1/2 04/15/30    | CUSIP: 637417AN6<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $923800.77    | 0.22%             | 2030-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                     | PH 4 1/2 09/15/29     | CUSIP: 701094AS3<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014131.51   | 0.25%             | 2029-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                   | RSG 1.45 02/15/31     | CUSIP: 760759AX8<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $860632.15    | 0.21%             | 2031-02-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                           | CAT 1.9 03/12/31      | CUSIP: 149123CK5<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891696.74    | 0.22%             | 2031-03-12      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                            | DTE 5.85 06/01/34     | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1050579.62   | 0.25%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                          | OHI 3 1/4 04/15/33    | CUSIP: 681936BN9<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $870748.91    | 0.21%             | 2033-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp                                               | WAB 3.45 11/15/26     | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990546.63    | 0.24%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Equifax Inc.                                              | EFX 5.1 12/15/27      | CUSIP: 294429AV7<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019211.63   | 0.25%             | 2027-12-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                       | ETR 1.9 06/15/28      | CUSIP: 29364GAN3<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941638.91    | 0.23%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                | OKE 4 07/13/27        | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996705.56    | 0.24%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Trimble Inc                                               | TRMB 4.9 06/15/28     | CUSIP: 896239AC4<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $8013828.73   | 1.94%             | 2028-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC               | WMB 7.85 02/01/26     | CUSIP: 893574AH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006301.27   | 0.24%             | 2026-02-01      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                        | R 5 1/4 06/01/28      | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027203.11   | 0.25%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                    | ROP 4.2 09/15/28      | CUSIP: 776743AF3<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000743.22   | 0.24%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                  | DVN 5.2 09/15/34      | CUSIP: 25179MBG7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980300.13    | 0.24%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                            | PLD 1 5/8 03/15/31    | CUSIP: 74340XBS9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $870396.05    | 0.21%             | 2031-03-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                             | QCOM 5.4 05/20/33     | CUSIP: 747525BS1<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057028.50   | 0.26%             | 2033-05-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                    | JNPR 2 12/10/30       | CUSIP: 48203RAP9<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $877089.59    | 0.21%             | 2030-12-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Tractor Supply Co                                         | TSCO 5 1/4 05/15/33   | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025471.83   | 0.25%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                | RGA 3.15 06/15/30     | CUSIP: 759351AP4<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $947524.33    | 0.23%             | 2030-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Inc                                    | CNP 2.95 03/01/30     | CUSIP: 15189TAX5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $939318.02    | 0.23%             | 2030-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                          | GPC 2 3/4 02/01/32    | CUSIP: 372460AC9<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $883930.42    | 0.21%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated                         | MKC 2 1/2 04/15/30    | CUSIP: 579780AQ0<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $922909.18    | 0.22%             | 2030-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | ARE 3.95 01/15/28     | CUSIP: 015271AK5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993744.16    | 0.24%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corporation                         | SLB 4 12/21/25        | CUSIP: 806851AG6<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998278.38    | 0.24%             | 2025-12-21      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Newmont Corporation                                       | NEM 2.8 10/01/29      | CUSIP: 651639AX4<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955214.69    | 0.23%             | 2029-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                     | PH 4 1/4 09/15/27     | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003926.32   | 0.24%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                | RGA 3.9 05/15/29      | CUSIP: 759351AN9<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987435.52    | 0.24%             | 2029-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                | BAX 3.95 04/01/30     | CUSIP: 071813BY4<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7763523.47   | 1.88%             | 2030-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                         | AMCR 2.69 05/25/31    | CUSIP: 02344AAA6<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905423.03    | 0.22%             | 2031-05-25      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                                         | BBH SWEEP VEHICLE     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1205423 | PA      | $1205423.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Avangrid Inc                                              | AGR 3.8 06/01/29      | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983404.88    | 0.24%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                          | GPC 6 1/2 11/01/28    | CUSIP: 372460AE5<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1064939.32   | 0.26%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                     | TRGP 6.15 03/01/29    | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1055555.50   | 0.26%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                | RGA 6 09/15/33        | CUSIP: 759351AR0<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057772.52   | 0.26%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                  | DVN 4 1/2 01/15/30    | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000640.50   | 0.24%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                         | VTR 4 1/8 01/15/26    | CUSIP: 92277GAG2<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998122.71    | 0.24%             | 2026-01-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Autozone, Inc.                                            | AZO 3 3/4 06/01/27    | CUSIP: 053332AV4<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7844578.34   | 1.90%             | 2027-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                                   | ARW 3 7/8 01/12/28    | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987154.43    | 0.24%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Loews Corporation                                         | L 3.2 05/15/30        | CUSIP: 540424AT5<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955662.23    | 0.23%             | 2030-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                       | KMI 7.8 08/01/31      | CUSIP: 28368EAD8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1158155.75   | 0.28%             | 2031-08-01      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | ARE 2 05/18/32        | CUSIP: 015271AW9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $837744.67    | 0.20%             | 2032-05-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.                                | DLR 3.7 08/15/27      | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992656.96    | 0.24%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership             | SUI 2.7 07/15/31      | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905245.21    | 0.22%             | 2031-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Brunswick Corporation                                     | BC 4.4 09/15/32       | CUSIP: 117043AU3<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $940221.66    | 0.23%             | 2032-09-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                    | FANG 3 1/2 12/01/29   | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964127.93    | 0.23%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership             | SUI 2.3 11/01/28      | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7482816.96   | 1.81%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                        | ATO 1 1/2 01/15/31    | CUSIP: 049560AT2<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $864961.48    | 0.21%             | 2031-01-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| D.R. Horton, Inc.                                         | DHI 2.6 10/15/25      | CUSIP: 23331ABN8<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997578.49    | 0.24%             | 2025-10-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Globe Life Inc                                            | GL 5.85 09/15/34      | CUSIP: 37959EAC6<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039996.78   | 0.25%             | 2034-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                              | MDLZ 2 5/8 03/17/27   | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977816.67    | 0.24%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                     | ARE 4.9 12/15/30      | CUSIP: 015271AU3<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $8033820.08   | 1.94%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                    | FANG 3 1/8 03/24/31   | CUSIP: 25278XAR0<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7305524.61   | 1.77%             | 2031-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Evergy Inc                                                | EVRG 2.9 09/15/29     | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7492853.04   | 1.81%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated                         | MKC 3.4 08/15/27      | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987705.31    | 0.24%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| National Health Investors, Inc.                           | NHI 3 02/01/31        | CUSIP: 63633DAF1<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $893758.71    | 0.22%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc                            | FBINUS 5 7/8 06/01/33 | CUSIP: 34964CAH9<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1055772.41   | 0.26%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                      | APH 5 1/4 04/05/34    | CUSIP: 032095AQ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033512.39   | 0.25%             | 2034-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nucor Corporation                                         | NUE 2.7 06/01/30      | CUSIP: 670346AS4<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7375470.89   | 1.78%             | 2030-06-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Agco Corporation                                          | AGCO 5.8 03/21/34     | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1029525.06   | 0.25%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                            | PLD 3 7/8 09/15/28    | CUSIP: 74340XBH3<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994510.18    | 0.24%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                        | CNP 1 3/4 10/01/30    | CUSIP: 15189YAF3<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $880975.89    | 0.21%             | 2030-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                       | ETR 2.4 06/15/31      | CUSIP: 29364GAP8<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $892499.02    | 0.22%             | 2031-06-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                     | PH 3 1/4 03/01/27     | CUSIP: 701094AJ3<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988978.28    | 0.24%             | 2027-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Entergy Arkansas LLC                                      | ETR 3 1/2 04/01/26    | CUSIP: 29364DAU4<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994668.97    | 0.24%             | 2026-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Consolidated Inc                                | COKE 5 1/4 06/01/29   | CUSIP: 191098AM4<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033131.34   | 0.25%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| The Campbells Co.                                         | CPB 5.2 03/19/27      | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015850.67   | 0.25%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                    | FANG 3 1/4 12/01/26   | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988440.06    | 0.24%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                        | CAG 4.85 11/01/28     | CUSIP: 205887CC4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011150.82   | 0.24%             | 2028-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                | BAX 1.915 02/01/27    | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967576.92    | 0.23%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                | BAX 2.539 02/01/32    | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $869744.50    | 0.21%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                             | NI 5.4 06/30/33       | CUSIP: 65473PAP0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1029905.04   | 0.25%             | 2033-06-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Dover Corporation                                         | DOV 3.15 11/15/25     | CUSIP: 260003AM0<br>LEI: 549300FMC2ALGA7N9E80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996704.51    | 0.24%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                      | APH 4.35 06/01/29     | CUSIP: 032095AH4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7981775.90   | 1.93%             | 2029-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                   | RSG 3.95 05/15/28     | CUSIP: 760759AT7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7898391.88   | 1.91%             | 2028-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                               | CLR 4 3/8 01/15/28    | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994099.39    | 0.24%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                      | STLD 3.45 04/15/30    | CUSIP: 858119BK5<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958302.73    | 0.23%             | 2030-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                 | INVH 2 08/15/31       | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $862271.36    | 0.21%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                    | JNPR 3 3/4 08/15/29   | CUSIP: 48203RAM6<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975975.51    | 0.24%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                    | ROP 2 06/30/30        | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $898060.58    | 0.22%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                      | CAT 0.9 03/02/26      | CUSIP: 14913R2K2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983812.64    | 0.24%             | 2026-03-02      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                        | ATO 5.9 11/15/33      | CUSIP: 049560AZ8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1077424.94   | 0.26%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Equifax Inc.                                              | EFX 2.6 12/15/25      | CUSIP: 294429AR6<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994766.44    | 0.24%             | 2025-12-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** Northern Lights Fund Trust IV

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer