# EDGAR Filing Document

**Accession Number:** 0000912577
**File Stem:** 0000912577-26-000040
**Filing Date:** 2026-5
**Character Count:** 235231
**Document Hash:** 7f67294a160b089911e840025135d123
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000912577-26-000040.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0000912577-26-000040

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES INSURANCE SERIES
- **CENTRAL INDEX KEY:** 0000912577

**ORGANIZATION NAME:**
- **EIN:** 256425525
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08042
- **FILM NUMBER:** 261011172

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INSURANCE SERIES
- **DATE OF NAME CHANGE:** 19960328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSURANCE MANAGEMENT SERIES
- **DATE OF NAME CHANGE:** 19930924

## Series and Classes Contracts Data

### Federated Hermes Quality Bond Fund II (Series ID: S000009744)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000026769 | Primary Shares |  |
| C000026770 | Service Shares |  |

## Nport-Ex

Federated Hermes Quality Bond Fund II

Portfolio of Investments

March 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—97.4% |  |
|  | **Basic Industry - Chemicals—0.4%** |  |
| $475000 | RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029 | &nbsp;&nbsp; $476644 |
|  | **Basic Industry - Metals & Mining—0.8%** |  |
| &nbsp;&nbsp; 335000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.250%, 3/17/2028 | &nbsp;&nbsp; 319765 |
| &nbsp;&nbsp; 200000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.875%, 3/17/2031 | &nbsp;&nbsp; 183050 |
| &nbsp;&nbsp; 200000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 5.500%, 5/2/2033 | &nbsp;&nbsp; 202480 |
| &nbsp;&nbsp; 340000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 6.125%, 10/6/2028 | &nbsp;&nbsp; 351949 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1057244 |
|  | **Basic Industry - Paper—0.3%** |  |
| &nbsp;&nbsp; 380000 | Smurfit Kappa Treasury Unlimited Co., Sr. Unsecd. Note, 5.200%, 1/15/2030 | &nbsp;&nbsp; 387467 |
|  | **Capital Goods - Aerospace & Defense—1.9%** |  |
| &nbsp;&nbsp; 200000 | BAE Systems PLC, Sr. Unsecd. Note, 144A, 3.400%, 4/15/2030 | &nbsp;&nbsp; 191856 |
| &nbsp;&nbsp; 470000 | Boeing Co., Sr. Unsecd. Note, 3.625%, 2/1/2031 | &nbsp;&nbsp; 447186 |
| &nbsp;&nbsp; 190000 | Boeing Co., Sr. Unsecd. Note, 6.528%, 5/1/2034 | &nbsp;&nbsp; 207054 |
| &nbsp;&nbsp; 385000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027 | &nbsp;&nbsp; 379067 |
| &nbsp;&nbsp; 565000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 2.300%, 2/15/2031 | &nbsp;&nbsp; 503013 |
| &nbsp;&nbsp; 755000 | RTX Corp., Sr. Unsecd. Note, 4.125%, 11/16/2028 | &nbsp;&nbsp; 752005 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2480181 |
|  | **Capital Goods - Building Materials—0.9%** |  |
| &nbsp;&nbsp; 395000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | &nbsp;&nbsp; 380629 |
| &nbsp;&nbsp; 150000 | Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 5.600%, 5/29/2034 | &nbsp;&nbsp; 153155 |
| &nbsp;&nbsp; 140000 | Carrier Global Corp., Sr. Unsecd. Note, 5.900%, 3/15/2034 | &nbsp;&nbsp; 147767 |
| &nbsp;&nbsp; 293000 | Masco Corp., Sr. Unsecd. Note, 2.000%, 10/1/2030 | &nbsp;&nbsp; 260663 |
| &nbsp;&nbsp; 293000 | Masco Corp., Sr. Unsecd. Note, 3.500%, 11/15/2027 | &nbsp;&nbsp; 288942 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1231156 |
|  | **Capital Goods - Construction Machinery—1.1%** |  |
| &nbsp;&nbsp; 490000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 1.500%, 8/12/2026 | &nbsp;&nbsp; 484506 |
| &nbsp;&nbsp; 200000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.550%, 5/30/2033 | &nbsp;&nbsp; 202050 |
| &nbsp;&nbsp; 200000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 4.375%, 3/7/2031 | &nbsp;&nbsp; 195548 |
| &nbsp;&nbsp; 560000 | CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027 | &nbsp;&nbsp; 554533 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1436637 |
|  | **Capital Goods - Diversified Manufacturing—1.7%** |  |
| &nbsp;&nbsp; 300000 | Eaton Corp., Sr. Unsecd. Note, 4.500%, 3/6/2033 | &nbsp;&nbsp; 295974 |
| &nbsp;&nbsp; 565000 | Honeywell International, Inc., Sr. Unsecd. Note, 1.950%, 6/1/2030 | &nbsp;&nbsp; 512599 |
| &nbsp;&nbsp; 525000 | Hubbell, Inc., Sr. Unsecd. Note, 2.300%, 3/15/2031 | &nbsp;&nbsp; 476313 |
| &nbsp;&nbsp; 190000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.176%, 6/15/2029 | &nbsp;&nbsp; 194557 |
| &nbsp;&nbsp; 85000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.450%, 6/15/2034 | &nbsp;&nbsp; 86823 |
| &nbsp;&nbsp; 100000 | Vertiv Holdings Co., Sr. Unsecd. Note, 4.850%, 3/15/2036 | &nbsp;&nbsp; 97279 |
| &nbsp;&nbsp; 490000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 2.400%, 4/1/2028 | &nbsp;&nbsp; 470065 |
| &nbsp;&nbsp; 125000 | Wabtec Corp., Sr. Unsecd. Note, 5.611%, 3/11/2034 | &nbsp;&nbsp; 128623 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2262233 |
|  | **Capital Goods - Environmental—0.2%** |  |
| &nbsp;&nbsp; 240000 | Waste Connections, Inc., Sr. Unsecd. Note, 5.250%, 9/1/2035 | &nbsp;&nbsp; 245181 |
|  | **Communications - Cable & Satellite—0.4%** |  |
| &nbsp;&nbsp; 85000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 6.100%, 6/1/2029<br>| &nbsp;&nbsp; 88065 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Communications - Cable & Satellite—continued** |  |
| $145000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 6.550%, 6/1/2034<br>| &nbsp;&nbsp; $150618 |
| &nbsp;&nbsp; 290000 | Comcast Corp., Sr. Unsecd. Note, 4.950%, 5/15/2032 | &nbsp;&nbsp; 292795 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531478 |
|  | **Communications - Media & Entertainment—2.1%** |  |
| &nbsp;&nbsp; 335000 | AppLovin Corp., Sr. Unsecd. Note, 5.375%, 12/1/2031 | &nbsp;&nbsp; 338408 |
| &nbsp;&nbsp; 230000 | AppLovin Corp., Sr. Unsecd. Note, 5.500%, 12/1/2034 | &nbsp;&nbsp; 228188 |
| &nbsp;&nbsp; 215000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.500%, 8/15/2027 | &nbsp;&nbsp; 213493 |
| &nbsp;&nbsp; 245000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.850%, 8/15/2032 | &nbsp;&nbsp; 233924 |
| &nbsp;&nbsp; 250000 | Meta Platforms, Inc., Sr. Unsecd. Note, 4.875%, 11/15/2035 | &nbsp;&nbsp; 245360 |
| &nbsp;&nbsp; 965000 | Netflix, Inc., Sr. Unsecd. Note, 144A, 4.875%, 6/15/2030 | &nbsp;&nbsp; 979081 |
| &nbsp;&nbsp; 300000 | Omnicom Group, Inc., Sr. Unsecd. Note, 5.300%, 6/2/2036 | &nbsp;&nbsp; 290074 |
| &nbsp;&nbsp; 295000 | Paramount Global, Sr. Unsecd. Note, 4.200%, 5/19/2032 | &nbsp;&nbsp; 253025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2781553 |
|  | **Communications - Telecom Wireless—2.5%** |  |
| &nbsp;&nbsp; 290000 | America Movil S.A.B. de C.V., Sr. Unsecd. Note, 5.000%, 1/20/2033 | &nbsp;&nbsp; 291209 |
| &nbsp;&nbsp; 505000 | American Tower Corp., Sr. Unsecd. Note, 4.700%, 12/15/2032 | &nbsp;&nbsp; 496431 |
| &nbsp;&nbsp; 225000 | American Tower Corp., Sr. Unsecd. Note, 4.900%, 3/15/2030 | &nbsp;&nbsp; 227111 |
| &nbsp;&nbsp; 240000 | Crown Castle, Inc., Sr. Unsecd. Note, 4.800%, 9/1/2028 | &nbsp;&nbsp; 241320 |
| &nbsp;&nbsp; 240000 | Crown Castle, Inc., Sr. Unsecd. Note, 5.100%, 5/1/2033 | &nbsp;&nbsp; 236734 |
| &nbsp;&nbsp; 200000 | Orange S.A., Sr. Unsecd. Note, 144A, 4.750%, 1/13/2033 | &nbsp;&nbsp; 197836 |
| &nbsp;&nbsp; 200000 | Orange S.A., Sr. Unsecd. Note, 144A, 5.000%, 1/13/2036 | &nbsp;&nbsp; 196521 |
| &nbsp;&nbsp; 850000 | T-Mobile USA, Inc., Series WI, 3.875%, 4/15/2030 | &nbsp;&nbsp; 828021 |
| &nbsp;&nbsp; 475000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.050%, 7/15/2033 | &nbsp;&nbsp; 478450 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3193633 |
|  | **Communications - Telecom Wirelines—2.7%** |  |
| &nbsp;&nbsp; 827000 | AT&T, Inc., Sr. Unsecd. Note, 2.550%, 12/1/2033 | &nbsp;&nbsp; 700182 |
| &nbsp;&nbsp; 250000 | AT&T, Inc., Sr. Unsecd. Note, 4.900%, 11/1/2035 | &nbsp;&nbsp; 243980 |
| &nbsp;&nbsp; 245000 | AT&T, Inc., Sr. Unsecd. Note, 5.375%, 8/15/2035 | &nbsp;&nbsp; 248271 |
| &nbsp;&nbsp; 200000 | NBN Co. Ltd., Sr. Unsecd. Note, 144A, 4.000%, 10/1/2027 | &nbsp;&nbsp; 199324 |
| &nbsp;&nbsp; 190000 | Rogers Communications, Inc., Sr. Unsecd. Note, 5.000%, 2/15/2029 | &nbsp;&nbsp; 191985 |
| &nbsp;&nbsp; 190000 | Rogers Communications, Inc., Sr. Unsecd. Note, 5.300%, 2/15/2034 | &nbsp;&nbsp; 189241 |
| &nbsp;&nbsp; 240000 | Telefonica S.A., Co. Guarantee, 7.045%, 6/20/2036 | &nbsp;&nbsp; 264831 |
| &nbsp;&nbsp; 755000 | Verizon Communications, Inc., Sr. Unsecd. Note, 1.750%, 1/20/2031 | &nbsp;&nbsp; 662163 |
| &nbsp;&nbsp; 385000 | Verizon Communications, Inc., Sr. Unsecd. Note, 2.550%, 3/21/2031 | &nbsp;&nbsp; 349619 |
| &nbsp;&nbsp; 165000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.150%, 3/22/2030 | &nbsp;&nbsp; 157192 |
| &nbsp;&nbsp; 245000 | Verizon Communications, Inc., Sr. Unsecd. Note, 5.000%, 1/15/2036 | &nbsp;&nbsp; 240018 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3446806 |
|  | **Consumer Cyclical - Automotive—3.8%** |  |
| &nbsp;&nbsp; 225000 | American Honda Finance Corp., Sr. Unsecd. Note, Series GMTN, 4.400%, 9/5/2029 | &nbsp;&nbsp; 223048 |
| &nbsp;&nbsp; 285000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 5.125%, 1/19/2028 | &nbsp;&nbsp; 287866 |
| &nbsp;&nbsp; 565000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 5.125%, 9/25/2029 | &nbsp;&nbsp; 572469 |
| &nbsp;&nbsp; 240000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.000%, 11/13/2030 | &nbsp;&nbsp; 223452 |
| &nbsp;&nbsp; 200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 5.753%, 4/6/2033 | &nbsp;&nbsp; 196369 |
| &nbsp;&nbsp; 200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.500%, 2/7/2035 | &nbsp;&nbsp; 201927 |
| &nbsp;&nbsp; 275000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.798%, 11/7/2028 | &nbsp;&nbsp; 284739 |
| &nbsp;&nbsp; 200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 7.122%, 11/7/2033 | &nbsp;&nbsp; 210194 |
| &nbsp;&nbsp; 475000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.400%, 4/10/2028 | &nbsp;&nbsp; 455678 |
| &nbsp;&nbsp; 240000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.350%, 1/7/2030 | &nbsp;&nbsp; 244451 |
| &nbsp;&nbsp; 200000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.850%, 4/6/2030 | &nbsp;&nbsp; 207075 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Cyclical - Automotive—continued** |  |
| $210000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 4.500%, 9/18/2030 | &nbsp;&nbsp; $206582 |
| &nbsp;&nbsp; 300000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 4.800%, 1/10/2033 | &nbsp;&nbsp; 291813 |
| &nbsp;&nbsp; 640000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 5.300%, 1/8/2029 | &nbsp;&nbsp; 648905 |
| &nbsp;&nbsp; 680000 | Nissan Motor Co., Ltd., Sr. Unsecd. Note, 144A, 4.345%, 9/17/2027 | &nbsp;&nbsp; 662001 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4916569 |
|  | **Consumer Cyclical - Leisure—0.2%** |  |
| &nbsp;&nbsp; 200000 | Airbnb, Inc., Sr. Unsecd. Note, 4.650%, 3/16/2031 | &nbsp;&nbsp; 199633 |
| &nbsp;&nbsp; 75000 | Airbnb, Inc., Sr. Unsecd. Note, 5.250%, 3/16/2036 | &nbsp;&nbsp; 75106 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274739 |
|  | **Consumer Cyclical - Retailers—2.9%** |  |
| &nbsp;&nbsp; 995000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030 | &nbsp;&nbsp; 914375 |
| &nbsp;&nbsp; 445000 | Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 2.950%, 1/25/2030 | &nbsp;&nbsp; 420302 |
| &nbsp;&nbsp; 250000 | AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030 | &nbsp;&nbsp; 248495 |
| &nbsp;&nbsp; 230000 | AutoZone, Inc., Sr. Unsecd. Note, 4.750%, 2/1/2033 | &nbsp;&nbsp; 226604 |
| &nbsp;&nbsp; 240000 | AutoZone, Inc., Sr. Unsecd. Note, 5.400%, 7/15/2034 | &nbsp;&nbsp; 243791 |
| &nbsp;&nbsp; 260000 | Costco Wholesale Corp., Sr. Unsecd. Note, 1.375%, 6/20/2027 | &nbsp;&nbsp; 252303 |
| &nbsp;&nbsp; 475000 | Home Depot, Inc., Sr. Unsecd. Note, 4.750%, 6/25/2029 | &nbsp;&nbsp; 482408 |
| &nbsp;&nbsp; 305000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031 | &nbsp;&nbsp; 266168 |
| &nbsp;&nbsp; 115000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 4.200%, 4/1/2030 | &nbsp;&nbsp; 113743 |
| &nbsp;&nbsp; 545000 | Tractor Supply Co., Sr. Unsecd. Note, 1.750%, 11/1/2030 | &nbsp;&nbsp; 480660 |
| &nbsp;&nbsp; 90000 | Tractor Supply Co., Sr. Unsecd. Note, 5.250%, 5/15/2033 | &nbsp;&nbsp; 91421 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3740270 |
|  | **Consumer Cyclical - Services—1.6%** |  |
| &nbsp;&nbsp; 200000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 2.125%, 2/9/2031 | &nbsp;&nbsp; 180860 |
| &nbsp;&nbsp; 475000<br><sup>1</sup> <br>| Alibaba Group Holding Ltd., Sr. Unsecd. Note, 3.400%, 12/6/2027 | &nbsp;&nbsp; 469631 |
| &nbsp;&nbsp; 160000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.150%, 8/22/2027 | &nbsp;&nbsp; 158115 |
| &nbsp;&nbsp; 250000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.300%, 4/13/2027 | &nbsp;&nbsp; 248187 |
| &nbsp;&nbsp; 705000 | Cintas Corp. No. 2, Sr. Unsecd. Note, 3.700%, 4/1/2027 | &nbsp;&nbsp; 701813 |
| &nbsp;&nbsp; 54000 | Expedia Group, Inc., Sr. Unsecd. Note, Series WI, 2.950%, 3/15/2031 | &nbsp;&nbsp; 49547 |
| &nbsp;&nbsp; 235000 | Uber Technologies, Inc., Sr. Unsecd. Note, 4.300%, 1/15/2030 | &nbsp;&nbsp; 233139 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2041292 |
|  | **Consumer Non-Cyclical - Food/Beverage—4.5%** |  |
| &nbsp;&nbsp; 425000 | Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.750%, 1/23/2029 | &nbsp;&nbsp; 430470 |
| &nbsp;&nbsp; 260000 | Campbells Co./The, Sr. Unsecd. Note, 4.550%, 3/21/2031 | &nbsp;&nbsp; 252163 |
| &nbsp;&nbsp; 955000 | Coca-Cola Femsa S.A.B. de C.V., Sr. Unsecd. Note, 2.750%, 1/22/2030 | &nbsp;&nbsp; 896189 |
| &nbsp;&nbsp; 705000 | Constellation Brands, Inc., Sr. Unsecd. Note, 4.650%, 11/15/2028 | &nbsp;&nbsp; 708169 |
| &nbsp;&nbsp; 360000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | &nbsp;&nbsp; 358029 |
| &nbsp;&nbsp; 265000 | Flowers Foods, Inc., Sr. Unsecd. Note, 5.750%, 3/15/2035 | &nbsp;&nbsp; 253321 |
| &nbsp;&nbsp; 730000 | Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 3.950%, 4/15/2029 | &nbsp;&nbsp; 715322 |
| &nbsp;&nbsp; 835000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, Series WI, 3.875%, 5/15/2027 | &nbsp;&nbsp; 829569 |
| &nbsp;&nbsp; 490000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.200%, 3/1/2035 | &nbsp;&nbsp; 494843 |
| &nbsp;&nbsp; 295000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 2.625%, 9/13/2031 | &nbsp;&nbsp; 259039 |
| &nbsp;&nbsp; 500000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030 | &nbsp;&nbsp; 457255 |
| &nbsp;&nbsp; 60000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2027 | &nbsp;&nbsp; 59725 |
| &nbsp;&nbsp; 150000 | Tyson Foods, Inc., Sr. Unsecd. Note, 5.400%, 3/15/2029 | &nbsp;&nbsp; 153945 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5868039 |
|  | **Consumer Non-Cyclical - Health Care—2.5%** |  |
| &nbsp;&nbsp; 490000 | 180 Medical, Inc., Sr. Unsecd. Note, 144A, 5.300%, 10/8/2035 | &nbsp;&nbsp; 481574 |
| &nbsp;&nbsp; 100000 | Augusta SpinCo Corp., Sr. Unsecd. Note, 5.245%, 3/23/2036 | &nbsp;&nbsp; 100063 |
| &nbsp;&nbsp; 240000 | Becton Dickinson & Co., Sr. Unsecd. Note, 3.700%, 6/6/2027 | &nbsp;&nbsp; 238092 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Health Care—continued** |  |
| $500000 | CVS Health Corp., Sr. Unsecd. Note, 4.300%, 3/25/2028 | &nbsp;&nbsp; $498332 |
| &nbsp;&nbsp; 200000<br><sup>1</sup> <br>| CVS Health Corp., Sr. Unsecd. Note, 5.450%, 9/15/2035 | &nbsp;&nbsp; 200850 |
| &nbsp;&nbsp; 485000 | CVS Health Corp., Sr. Unsecd. Note, 5.700%, 6/1/2034 | &nbsp;&nbsp; 498589 |
| &nbsp;&nbsp; 225000 | DH Europe Finance II S.a.r.l., Sr. Unsecd. Note, 2.600%, 11/15/2029 | &nbsp;&nbsp; 211956 |
| &nbsp;&nbsp; 285000 | GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 5.905%, 11/22/2032 | &nbsp;&nbsp; 300756 |
| &nbsp;&nbsp; 85000 | HCA, Inc., Sr. Unsecd. Note, 3.125%, 3/15/2027 | &nbsp;&nbsp; 83934 |
| &nbsp;&nbsp; 475000 | HCA, Inc., Sr. Unsecd. Note, 5.500%, 6/1/2033 | &nbsp;&nbsp; 484671 |
| &nbsp;&nbsp; 113000 | Solventum Corp., Sr. Unsecd. Note, Series WI, 5.400%, 3/1/2029 | &nbsp;&nbsp; 115612 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3214429 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—3.0%** |  |
| &nbsp;&nbsp; 250000 | AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029 | &nbsp;&nbsp; 241057 |
| &nbsp;&nbsp; 485000 | AbbVie, Inc., Sr. Unsecd. Note, 4.750%, 3/15/2036 | &nbsp;&nbsp; 476029 |
| &nbsp;&nbsp; 67000 | AbbVie, Inc., Sr. Unsecd. Note, 4.750%, 3/15/2045 | &nbsp;&nbsp; 59961 |
| &nbsp;&nbsp; 940000 | Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2030 | &nbsp;&nbsp; 965451 |
| &nbsp;&nbsp; 225000 | Biogen, Inc., Sr. Unsecd. Note, 2.250%, 5/1/2030 | &nbsp;&nbsp; 205666 |
| &nbsp;&nbsp; 395000<br><sup>1</sup> <br>| Bristol-Myers Squibb Co., Sr. Unsecd. Note, 4.900%, 2/22/2029 | &nbsp;&nbsp; 403435 |
| &nbsp;&nbsp; 147000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 5.000%, 8/15/2045 | &nbsp;&nbsp; 135310 |
| &nbsp;&nbsp; 400000 | Pfizer, Inc., Sr. Unsecd. Note, 4.500%, 11/15/2032 | &nbsp;&nbsp; 396856 |
| &nbsp;&nbsp; 635000 | Regeneron Pharmaceuticals, Inc., Sr. Unsecd. Note, 1.750%, 9/15/2030 | &nbsp;&nbsp; 563015 |
| &nbsp;&nbsp; 425000 | Revvity, Inc., Sr. Unsecd. Note, 3.300%, 9/15/2029 | &nbsp;&nbsp; 406876 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3853656 |
|  | **Consumer Non-Cyclical - Products—0.1%** |  |
| &nbsp;&nbsp; 195000 | Kenvue, Inc., Sr. Unsecd. Note, 5.000%, 3/22/2030 | &nbsp;&nbsp; 198553 |
|  | **Consumer Non-Cyclical - Supermarkets—0.5%** |  |
| &nbsp;&nbsp; 575000 | Kroger Co., Bond, 6.900%, 4/15/2038 | &nbsp;&nbsp; 653593 |
|  | **Consumer Non-Cyclical - Tobacco—1.7%** |  |
| &nbsp;&nbsp; 285000 | BAT Capital Corp., Sr. Unsecd. Note, 5.834%, 2/20/2031 | &nbsp;&nbsp; 298336 |
| &nbsp;&nbsp; 285000 | BAT Capital Corp., Sr. Unsecd. Note, 7.750%, 10/19/2032 | &nbsp;&nbsp; 327410 |
| &nbsp;&nbsp; 300000 | Philip Morris International, Inc., Sr. Unsecd. Note, 4.250%, 10/29/2032 | &nbsp;&nbsp; 290726 |
| &nbsp;&nbsp; 290000 | Philip Morris International, Inc., Sr. Unsecd. Note, 4.750%, 11/1/2031 | &nbsp;&nbsp; 291429 |
| &nbsp;&nbsp; 485000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.125%, 2/15/2030 | &nbsp;&nbsp; 494995 |
| &nbsp;&nbsp; 135000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.625%, 11/17/2029 | &nbsp;&nbsp; 140356 |
| &nbsp;&nbsp; 345000 | Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041 | &nbsp;&nbsp; 363726 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2206978 |
|  | **Energy - Independent—1.8%** |  |
| &nbsp;&nbsp; 210000 | Coterra Energy Operating Co., Sr. Unsecd. Note, 4.375%, 3/15/2029 | &nbsp;&nbsp; 202567 |
| &nbsp;&nbsp; 190000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 5.150%, 1/30/2030 | &nbsp;&nbsp; 194026 |
| &nbsp;&nbsp; 285000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 5.400%, 4/18/2034 | &nbsp;&nbsp; 289430 |
| &nbsp;&nbsp; 150000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 6.250%, 3/15/2033 | &nbsp;&nbsp; 160119 |
| &nbsp;&nbsp; 660000 | Hess Corp., Sr. Unsecd. Note, 4.300%, 4/1/2027 | &nbsp;&nbsp; 660518 |
| &nbsp;&nbsp; 190000 | Ovintiv, Inc., Sr. Unsecd. Note, 5.650%, 5/15/2028 | &nbsp;&nbsp; 195145 |
| &nbsp;&nbsp; 550000 | Ovintiv, Inc., Sr. Unsecd. Note, 6.250%, 7/15/2033 | &nbsp;&nbsp; 580637 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2282442 |
|  | **Energy - Integrated—1.0%** |  |
| &nbsp;&nbsp; 485000 | BP Capital Markets America, Inc., Sr. Unsecd. Note, 4.699%, 4/10/2029 | &nbsp;&nbsp; 490821 |
| &nbsp;&nbsp; 285000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 2.650%, 1/15/2032 | &nbsp;&nbsp; 253932 |
| &nbsp;&nbsp; 85000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 5.400%, 3/20/2036 | &nbsp;&nbsp; 84607 |
| &nbsp;&nbsp; 415000 | CNPC Hong Kong Overseas Capital Ltd., Co. Guarantee, 144A, 5.950%, 4/28/2041 | &nbsp;&nbsp; 460107 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1289467 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Midstream—4.4%** |  |
| $250000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031 | &nbsp;&nbsp; $233338 |
| &nbsp;&nbsp; 300000 | Enbridge, Inc., Sr. Unsecd. Note, 5.200%, 11/20/2035 | &nbsp;&nbsp; 299318 |
| &nbsp;&nbsp; 290000 | Enbridge, Inc., Sr. Unsecd. Note, 5.550%, 6/20/2035 | &nbsp;&nbsp; 296577 |
| &nbsp;&nbsp; 285000 | Energy Transfer LP, Sr. Unsecd. Note, 3.750%, 5/15/2030 | &nbsp;&nbsp; 275592 |
| &nbsp;&nbsp; 100000 | Energy Transfer LP, Sr. Unsecd. Note, 5.550%, 5/15/2034 | &nbsp;&nbsp; 101861 |
| &nbsp;&nbsp; 375000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | &nbsp;&nbsp; 374142 |
| &nbsp;&nbsp; 390000 | MPLX LP, Sr. Unsecd. Note, 5.000%, 1/15/2033 | &nbsp;&nbsp; 387280 |
| &nbsp;&nbsp; 600000 | National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031 | &nbsp;&nbsp; 545675 |
| &nbsp;&nbsp; 330000 | ONEOK, Inc., Sr. Unsecd. Note, 4.000%, 7/13/2027 | &nbsp;&nbsp; 328250 |
| &nbsp;&nbsp; 335000 | ONEOK, Inc., Sr. Unsecd. Note, 6.000%, 6/15/2035 | &nbsp;&nbsp; 348643 |
| &nbsp;&nbsp; 120000 | ONEOK, Inc., Sr. Unsecd. Note, 6.100%, 11/15/2032 | &nbsp;&nbsp; 126473 |
| &nbsp;&nbsp; 475000 | Plains All American Pipeline LP, Sr. Unsecd. Note, 3.550%, 12/15/2029 | &nbsp;&nbsp; 459801 |
| &nbsp;&nbsp; 135000 | Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033 | &nbsp;&nbsp; 127876 |
| &nbsp;&nbsp; 380000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.125%, 3/15/2033 | &nbsp;&nbsp; 402053 |
| &nbsp;&nbsp; 260000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.150%, 3/1/2029 | &nbsp;&nbsp; 270926 |
| &nbsp;&nbsp; 565000 | TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027 | &nbsp;&nbsp; 560985 |
| &nbsp;&nbsp; 300000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.150%, 3/15/2036 | &nbsp;&nbsp; 295647 |
| &nbsp;&nbsp; 265000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.300%, 9/30/2035 | &nbsp;&nbsp; 264873 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5699310 |
|  | **Energy - Refining—0.4%** |  |
| &nbsp;&nbsp; 320000 | Valero Energy Corp., Sr. Unsecd. Note, 6.625%, 6/15/2037 | &nbsp;&nbsp; 350450 |
| &nbsp;&nbsp; 205000 | Valero Energy Corp., Sr. Unsecd. Note, 7.500%, 4/15/2032 | &nbsp;&nbsp; 232111 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582561 |
|  | **Financial Institution - Banking—22.8%** |  |
| &nbsp;&nbsp; 400000 | American Express Co., Sr. Unsecd. Note, 4.804%, 10/24/2036 | &nbsp;&nbsp; 386911 |
| &nbsp;&nbsp; 155000 | American Express Co., Sr. Unsecd. Note, 5.085%, 1/30/2031 | &nbsp;&nbsp; 157659 |
| &nbsp;&nbsp; 60000 | Associated Banc-Corp., Sr. Unsecd. Note, 6.455%, 8/29/2030 | &nbsp;&nbsp; 61427 |
| &nbsp;&nbsp; 285000 | Bank of America Corp., Sr. Unsecd. Note, 1.734%, 7/22/2027 | &nbsp;&nbsp; 282633 |
| &nbsp;&nbsp; 1850000 | Bank of America Corp., Sr. Unsecd. Note, 2.592%, 4/29/2031 | &nbsp;&nbsp; 1709576 |
| &nbsp;&nbsp; 580000 | Bank of America Corp., Sr. Unsecd. Note, 3.705%, 4/24/2028 | &nbsp;&nbsp; 575718 |
| &nbsp;&nbsp; 500000 | Bank of America Corp., Sr. Unsecd. Note, 5.468%, 1/23/2035 | &nbsp;&nbsp; 510561 |
| &nbsp;&nbsp; 475000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 3.248%, 10/21/2027 | &nbsp;&nbsp; 468732 |
| &nbsp;&nbsp; 475000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 4.271%, 7/23/2029 | &nbsp;&nbsp; 473143 |
| &nbsp;&nbsp; 450000 | Capital One Financial Co., Sr. Unsecd. Note, 4.493%, 9/11/2031 | &nbsp;&nbsp; 441963 |
| &nbsp;&nbsp; 160000 | Capital One Financial Co., Sr. Unsecd. Note, 4.722%, 1/30/2032 | &nbsp;&nbsp; 157618 |
| &nbsp;&nbsp; 475000 | Citigroup, Inc., 4.125%, 7/25/2028 | &nbsp;&nbsp; 471091 |
| &nbsp;&nbsp; 1325000 | Citigroup, Inc., Sr. Unsecd. Note, 2.572%, 6/3/2031 | &nbsp;&nbsp; 1214922 |
| &nbsp;&nbsp; 475000 | Citigroup, Inc., Sr. Unsecd. Note, 4.075%, 4/23/2029 | &nbsp;&nbsp; 471584 |
| &nbsp;&nbsp; 270000 | Citigroup, Inc., Sr. Unsecd. Note, 5.174%, 9/11/2036 | &nbsp;&nbsp; 267748 |
| &nbsp;&nbsp; 220000 | Citigroup, Inc., Sub. Note, 6.020%, 1/24/2036 | &nbsp;&nbsp; 224718 |
| &nbsp;&nbsp; 90000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 2.500%, 2/6/2030 | &nbsp;&nbsp; 83036 |
| &nbsp;&nbsp; 142000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.841%, 1/23/2030 | &nbsp;&nbsp; 146259 |
| &nbsp;&nbsp; 250000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 6.645%, 4/25/2035 | &nbsp;&nbsp; 268063 |
| &nbsp;&nbsp; 285000 | Comerica, Inc., 3.800%, 7/22/2026 | &nbsp;&nbsp; 284450 |
| &nbsp;&nbsp; 150000 | Comerica, Inc., Sr. Unsecd. Note, 5.982%, 1/30/2030 | &nbsp;&nbsp; 154806 |
| &nbsp;&nbsp; 425000 | Fifth Third Bancorp, Sr. Unsecd. Note, 4.337%, 4/25/2033 | &nbsp;&nbsp; 410216 |
| &nbsp;&nbsp; 132000 | Fifth Third Bancorp, Sr. Unsecd. Note, 4.895%, 9/6/2030 | &nbsp;&nbsp; 132565 |
| &nbsp;&nbsp; 200000 | Fifth Third Bancorp, Sr. Unsecd. Note, 5.141%, 1/29/2037 | &nbsp;&nbsp; 194910 |
| &nbsp;&nbsp; 250000 | Fifth Third Bank, Inc., Sr. Unsecd. Note, Series BKNT, 2.250%, 2/1/2027 | &nbsp;&nbsp; 245850 |
| &nbsp;&nbsp; 250000 | FNB Corp. (PA), 5.722%, 12/11/2030 | &nbsp;&nbsp; 251628 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $715000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.992%, 1/27/2032 | &nbsp;&nbsp; $627713 |
| &nbsp;&nbsp; 240000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 2.640%, 2/24/2028 | &nbsp;&nbsp; 236165 |
| &nbsp;&nbsp; 475000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 4.223%, 5/1/2029 | &nbsp;&nbsp; 472382 |
| &nbsp;&nbsp; 400000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 4.369%, 10/21/2031 | &nbsp;&nbsp; 392290 |
| &nbsp;&nbsp; 300000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.065%, 1/21/2037 | &nbsp;&nbsp; 293413 |
| &nbsp;&nbsp; 385000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.536%, 1/28/2036 | &nbsp;&nbsp; 391514 |
| &nbsp;&nbsp; 245000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.851%, 4/25/2035 | &nbsp;&nbsp; 254315 |
| &nbsp;&nbsp; 230000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 2.550%, 2/4/2030 | &nbsp;&nbsp; 213053 |
| &nbsp;&nbsp; 300000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 4.623%, 1/28/2032 | &nbsp;&nbsp; 295713 |
| &nbsp;&nbsp; 210000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 6.208%, 8/21/2029 | &nbsp;&nbsp; 217882 |
| &nbsp;&nbsp; 940000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.545%, 11/8/2032 | &nbsp;&nbsp; 835933 |
| &nbsp;&nbsp; 940000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.580%, 4/22/2032 | &nbsp;&nbsp; 849776 |
| &nbsp;&nbsp; 475000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 4.452%, 12/5/2029 | &nbsp;&nbsp; 475655 |
| &nbsp;&nbsp; 240000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.294%, 7/22/2035 | &nbsp;&nbsp; 243053 |
| &nbsp;&nbsp; 155000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.336%, 1/23/2035 | &nbsp;&nbsp; 157429 |
| &nbsp;&nbsp; 390000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.572%, 4/22/2036 | &nbsp;&nbsp; 402041 |
| &nbsp;&nbsp; 125000 | KeyCorp, Sr. Unsecd. Note, 5.305%, 1/28/2037 | &nbsp;&nbsp; 122478 |
| &nbsp;&nbsp; 375000 | KeyCorp, Sr. Unsecd. Note, 6.401%, 3/6/2035 | &nbsp;&nbsp; 397770 |
| &nbsp;&nbsp; 385000 | M&T Bank Corp., Sr. Unsecd. Note, 4.553%, 8/16/2028 | &nbsp;&nbsp; 384896 |
| &nbsp;&nbsp; 240000 | M&T Bank Corp., Sr. Unsecd. Note, 5.053%, 1/27/2034 | &nbsp;&nbsp; 237333 |
| &nbsp;&nbsp; 300000 | M&T Bank Corp., Sr. Unsecd. Note, Series MTN, 5.385%, 1/16/2036 | &nbsp;&nbsp; 297652 |
| &nbsp;&nbsp; 250000 | Morgan Stanley, Sr. Unsecd. Note, 4.493%, 1/16/2032 | &nbsp;&nbsp; 245869 |
| &nbsp;&nbsp; 400000 | Morgan Stanley, Sr. Unsecd. Note, 4.708%, 3/12/2032 | &nbsp;&nbsp; 397393 |
| &nbsp;&nbsp; 225000 | Morgan Stanley, Sr. Unsecd. Note, 4.892%, 10/22/2036 | &nbsp;&nbsp; 217596 |
| &nbsp;&nbsp; 475000 | Morgan Stanley, Sr. Unsecd. Note, 5.250%, 4/21/2034 | &nbsp;&nbsp; 476653 |
| &nbsp;&nbsp; 185000 | Morgan Stanley, Sr. Unsecd. Note, 5.466%, 1/18/2035 | &nbsp;&nbsp; 188118 |
| &nbsp;&nbsp; 110000 | Morgan Stanley, Sr. Unsecd. Note, 5.587%, 1/18/2036 | &nbsp;&nbsp; 112187 |
| &nbsp;&nbsp; 195000 | Morgan Stanley, Sr. Unsecd. Note, 5.664%, 4/17/2036 | &nbsp;&nbsp; 199801 |
| &nbsp;&nbsp; 475000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.239%, 7/21/2032 | &nbsp;&nbsp; 416017 |
| &nbsp;&nbsp; 155000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.699%, 1/22/2031 | &nbsp;&nbsp; 143960 |
| &nbsp;&nbsp; 475000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 3.150%, 5/19/2027 | &nbsp;&nbsp; 469387 |
| &nbsp;&nbsp; 475000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.068%, 1/24/2034 | &nbsp;&nbsp; 475148 |
| &nbsp;&nbsp; 195000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.373%, 7/21/2036 | &nbsp;&nbsp; 195938 |
| &nbsp;&nbsp; 190000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.582%, 6/12/2029 | &nbsp;&nbsp; 194728 |
| &nbsp;&nbsp; 175000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.676%, 1/22/2035 | &nbsp;&nbsp; 180081 |
| &nbsp;&nbsp; 335000 | Regions Financial Corp., Sr. Unsecd. Note, 5.502%, 9/6/2035 | &nbsp;&nbsp; 335595 |
| &nbsp;&nbsp; 65000 | State Street Corp., Sr. Unsecd. Note, 4.421%, 5/13/2033 | &nbsp;&nbsp; 63772 |
| &nbsp;&nbsp; 1130000 | Synovus Bank GA, Sr. Unsecd. Note, 5.625%, 2/15/2028 | &nbsp;&nbsp; 1143048 |
| &nbsp;&nbsp; 155000 | Synovus Financial Corp., Sr. Unsecd. Note, 6.168%, 11/1/2030 | &nbsp;&nbsp; 158073 |
| &nbsp;&nbsp; 330000 | Truist Financial Corp., Sr. Unsecd. Note, 4.597%, 1/27/2032 | &nbsp;&nbsp; 326555 |
| &nbsp;&nbsp; 475000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.125%, 8/3/2027 | &nbsp;&nbsp; 455401 |
| &nbsp;&nbsp; 315000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.071%, 5/20/2031 | &nbsp;&nbsp; 318517 |
| &nbsp;&nbsp; 380000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.122%, 1/26/2034 | &nbsp;&nbsp; 379181 |
| &nbsp;&nbsp; 190000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 7.161%, 10/30/2029 | &nbsp;&nbsp; 202013 |
| &nbsp;&nbsp; 285000 | U.S. Bancorp, Sr. Unsecd. Note, 5.384%, 1/23/2030 | &nbsp;&nbsp; 291916 |
| &nbsp;&nbsp; 240000 | U.S. Bancorp, Sr. Unsecd. Note, 5.836%, 6/12/2034 | &nbsp;&nbsp; 250595 |
| &nbsp;&nbsp; 1180000 | U.S. Bancorp, Sr. Unsecd. Note, Series MTN, 2.215%, 1/27/2028 | &nbsp;&nbsp; 1159573 |
| &nbsp;&nbsp; 300000 | Wells Fargo & Co., Sr. Unsecd. Note, 4.892%, 9/15/2036 | &nbsp;&nbsp; 291996 |
| &nbsp;&nbsp; 300000 | Wells Fargo & Co., Sr. Unsecd. Note, 4.960%, 1/23/2037 | &nbsp;&nbsp; 292354 |
| &nbsp;&nbsp; 225000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.389%, 4/24/2034 | &nbsp;&nbsp; 228443 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $240000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.574%, 7/25/2029 | &nbsp;&nbsp; $245540 |
| &nbsp;&nbsp; 707000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.393%, 6/2/2028 | &nbsp;&nbsp; 690191 |
| &nbsp;&nbsp; 1000000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.572%, 2/11/2031 | &nbsp;&nbsp; 925224 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 29517106 |
|  | **Financial Institution - Broker/Asset Mgr/Exchange—1.1%** |  |
| &nbsp;&nbsp; 475000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 2.625%, 10/15/2031 | &nbsp;&nbsp; 413633 |
| &nbsp;&nbsp; 190000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 6.500%, 1/20/2043 | &nbsp;&nbsp; 185335 |
| &nbsp;&nbsp; 235000 | Nuveen LLC, Sr. Unsecd. Note, 144A, 4.000%, 11/1/2028 | &nbsp;&nbsp; 233335 |
| &nbsp;&nbsp; 560000 | Raymond James Financial, Inc., Sr. Unsecd. Note, 4.900%, 9/11/2035 | &nbsp;&nbsp; 545563 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1377866 |
|  | **Financial Institution - Finance Companies—2.8%** |  |
| &nbsp;&nbsp; 200000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Sub. Secd. Note, 4.750%, 1/15/2033 | &nbsp;&nbsp; 194464 |
| &nbsp;&nbsp; 195000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.000%, 10/29/2028 | &nbsp;&nbsp; 187753 |
| &nbsp;&nbsp; 475000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.300%, 1/30/2032 | &nbsp;&nbsp; 431570 |
| &nbsp;&nbsp; 525000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 4.625%, 10/15/2027 | &nbsp;&nbsp; 525787 |
| &nbsp;&nbsp; 665000 | Air Lease Corp., Sr. Unsecd. Note, 1.875%, 8/15/2026 | &nbsp;&nbsp; 658302 |
| &nbsp;&nbsp; 525000 | Air Lease Corp., Sr. Unsecd. Note, 3.625%, 12/1/2027 | &nbsp;&nbsp; 517343 |
| &nbsp;&nbsp; 130000 | Air Lease Corp., Sr. Unsecd. Note, 5.850%, 12/15/2027 | &nbsp;&nbsp; 132758 |
| &nbsp;&nbsp; 195000 | Aircastle Ltd., Sr. Secd. Note, 144A, 5.000%, 9/15/2030 | &nbsp;&nbsp; 194632 |
| &nbsp;&nbsp; 175000 | Ally Financial, Inc., Sr. Unsecd. Note, 6.992%, 6/13/2029 | &nbsp;&nbsp; 182328 |
| &nbsp;&nbsp; 240000 | Discover Financial Services, Sr. Unsecd. Note, 4.100%, 2/9/2027 | &nbsp;&nbsp; 239487 |
| &nbsp;&nbsp; 400000 | Takeoff Merger Sub, Inc., Sr. Unsecd. Note, 144A, 4.850%, 3/24/2031 | &nbsp;&nbsp; 395152 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3659576 |
|  | **Financial Institution - Insurance - Health—1.1%** |  |
| &nbsp;&nbsp; 610000 | Centene Corp., Sr. Unsecd. Note, 2.450%, 7/15/2028 | &nbsp;&nbsp; 568452 |
| &nbsp;&nbsp; 300000 | Elevance Health, Inc., Sr. Unsecd. Note, 4.600%, 9/15/2032 | &nbsp;&nbsp; 295552 |
| &nbsp;&nbsp; 190000 | The Cigna Group, Sr. Unsecd. Note, 4.375%, 10/15/2028 | &nbsp;&nbsp; 189880 |
| &nbsp;&nbsp; 390000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 4.900%, 4/15/2031 | &nbsp;&nbsp; 395952 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1449836 |
|  | **Financial Institution - Insurance - Life—1.7%** |  |
| &nbsp;&nbsp; 340000 | AIA Group Ltd., Sr. Unsecd. Note, 144A, 3.600%, 4/9/2029 | &nbsp;&nbsp; 334633 |
| &nbsp;&nbsp; 485000 | CoreBridge Global Funding, Sec. Fac. Bond, 144A, 5.200%, 1/12/2029 | &nbsp;&nbsp; 492833 |
| &nbsp;&nbsp; 340000 | CoreBridge Global Funding, Sr. Secd. Note, 144A, 5.900%, 9/19/2028 | &nbsp;&nbsp; 350553 |
| &nbsp;&nbsp; 120000 | Lincoln Financial Global Funding, Sr. Secd. Note, 144A, 4.200%, 1/12/2029 | &nbsp;&nbsp; 118712 |
| &nbsp;&nbsp; 755000 | Lincoln National Corp., Sr. Unsecd. Note, 3.050%, 1/15/2030 | &nbsp;&nbsp; 710796 |
| &nbsp;&nbsp; 165000 | Massachusetts Mutual Life Insurance Co., Sub. Note, 144A, 8.875%, 6/1/2039 | &nbsp;&nbsp; 211736 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2219263 |
|  | **Financial Institution - Insurance - P&C—0.8%** |  |
| &nbsp;&nbsp; 285000 | Aon North America, Inc., Sr. Unsecd. Note, 5.300%, 3/1/2031 | &nbsp;&nbsp; 290986 |
| &nbsp;&nbsp; 240000 | CNA Financial Corp., Sr. Unsecd. Note, 3.450%, 8/15/2027 | &nbsp;&nbsp; 236718 |
| &nbsp;&nbsp; 95000 | CNA Financial Corp., Sr. Unsecd. Note, 3.900%, 5/1/2029 | &nbsp;&nbsp; 93059 |
| &nbsp;&nbsp; 285000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | &nbsp;&nbsp; 365357 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986120 |
|  | **Financial Institution - REIT - Apartment—1.3%** |  |
| &nbsp;&nbsp; 300000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, 4.350%, 12/1/2030 | &nbsp;&nbsp; 296875 |
| &nbsp;&nbsp; 375000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, Series MTN, 3.350%, 5/15/2027 | &nbsp;&nbsp; 371520 |
| &nbsp;&nbsp; 110000 | Camden Property Trust, Sr. Unsecd. Note, 2.800%, 5/15/2030 | &nbsp;&nbsp; 102760 |
| &nbsp;&nbsp; 200000 | Mid-America Apartment Communities LP, Sr. Unsecd. Note, 4.650%, 1/15/2033 | &nbsp;&nbsp; 196529 |
| &nbsp;&nbsp; 305000 | Mid-America Apartment Communities LP, Sr. Unsub., 1.700%, 2/15/2031 | &nbsp;&nbsp; 266182 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - REIT - Apartment—continued** |  |
| $475000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.100%, 8/1/2032 | &nbsp;&nbsp; $402160 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1636026 |
|  | **Financial Institution - REIT - Healthcare—1.4%** |  |
| &nbsp;&nbsp; 420000 | Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031 | &nbsp;&nbsp; 364838 |
| &nbsp;&nbsp; 670000 | Physicians Realty Trust, Sr. Unsecd. Note, 4.300%, 3/15/2027 | &nbsp;&nbsp; 669509 |
| &nbsp;&nbsp; 195000 | Welltower OP LLC, Sr. Unsecd. Note, 5.125%, 7/1/2035 | &nbsp;&nbsp; 195797 |
| &nbsp;&nbsp; 355000 | Welltower, Inc., Sr. Unsecd. Note, 2.750%, 1/15/2031 | &nbsp;&nbsp; 326595 |
| &nbsp;&nbsp; 235000 | Welltower, Inc., Sr. Unsecd. Note, 3.100%, 1/15/2030 | &nbsp;&nbsp; 223641 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1780380 |
|  | **Financial Institution - REIT - Office—0.5%** |  |
| &nbsp;&nbsp; 240000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 4.900%, 12/15/2030 | &nbsp;&nbsp; 240836 |
| &nbsp;&nbsp; 80000 | Boston Properties LP, Sr. Unsecd. Note, 3.250%, 1/30/2031 | &nbsp;&nbsp; 73824 |
| &nbsp;&nbsp; 120000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032 | &nbsp;&nbsp; 100886 |
| &nbsp;&nbsp; 245000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 9.250%, 7/20/2028 | &nbsp;&nbsp; 267580 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683126 |
|  | **Financial Institution - REIT - Other—1.1%** |  |
| &nbsp;&nbsp; 75000 | Host Hotels & Resorts LP, Sr. Unsecd. Note, 4.250%, 12/15/2028 | &nbsp;&nbsp; 74130 |
| &nbsp;&nbsp; 365000 | Host Hotels & Resorts LP, Sr. Unsecd. Note, 5.700%, 7/1/2034 | &nbsp;&nbsp; 368968 |
| &nbsp;&nbsp; 305000 | ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029 | &nbsp;&nbsp; 305232 |
| &nbsp;&nbsp; 260000 | WP Carey, Inc., Sr. Unsecd. Note, 2.400%, 2/1/2031 | &nbsp;&nbsp; 232761 |
| &nbsp;&nbsp; 195000 | WP Carey, Inc., Sr. Unsecd. Note, 4.650%, 7/15/2030 | &nbsp;&nbsp; 193820 |
| &nbsp;&nbsp; 240000 | WP Carey, Inc., Sr. Unsecd. Note, 5.375%, 6/30/2034 | &nbsp;&nbsp; 240411 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1415322 |
|  | **Financial Institution - REIT - Retail—1.3%** |  |
| &nbsp;&nbsp; 685000 | Kimco Realty Corp., Sr. Unsecd. Note, 1.900%, 3/1/2028 | &nbsp;&nbsp; 655752 |
| &nbsp;&nbsp; 240000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.700%, 10/1/2030 | &nbsp;&nbsp; 223206 |
| &nbsp;&nbsp; 115000<br><sup>1</sup> <br>| Phillips Edison Grocery Center Operating Partnership I, LP, Sr. Unsecd. Note, 4.750%, 3/15/2033 | &nbsp;&nbsp; 112270 |
| &nbsp;&nbsp; 380000 | Regency Centers LP, Sr. Unsecd. Note, 3.700%, 6/15/2030 | &nbsp;&nbsp; 369005 |
| &nbsp;&nbsp; 285000 | Regency Centers LP, Sr. Unsecd. Note, 5.250%, 1/15/2034 | &nbsp;&nbsp; 288198 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1648431 |
|  | **Sovereign—0.4%** |  |
| &nbsp;&nbsp; 510000 | Inter-American Development Bank, Series MTN, 6.750%, 7/15/2027 | &nbsp;&nbsp; 525805 |
|  | **Technology—9.2%** |  |
| &nbsp;&nbsp; 285000 | Accenture Capital, Inc., Sr. Unsecd. Note, 4.050%, 10/4/2029 | &nbsp;&nbsp; 283165 |
| &nbsp;&nbsp; 300000 | Alphabet, Inc., Sr. Unsecd. Note, 4.400%, 2/15/2033 | &nbsp;&nbsp; 296350 |
| &nbsp;&nbsp; 180000 | Alphabet, Inc., Sr. Unsecd. Note, 4.700%, 11/15/2035 | &nbsp;&nbsp; 177907 |
| &nbsp;&nbsp; 120000 | Apple, Inc., Sr. Unsecd. Note, 4.450%, 5/6/2044 | &nbsp;&nbsp; 107452 |
| &nbsp;&nbsp; 160000 | Autodesk, Inc., Sr. Unsecd. Note, 5.300%, 6/15/2035 | &nbsp;&nbsp; 160282 |
| &nbsp;&nbsp; 200000 | Broadcom, Inc., Sr. Unsecd. Note, 4.950%, 1/15/2036 | &nbsp;&nbsp; 197326 |
| &nbsp;&nbsp; 375000 | Broadcom, Inc., Sr. Unsecd. Note, 5.150%, 11/15/2031 | &nbsp;&nbsp; 384783 |
| &nbsp;&nbsp; 240000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 4.000%, 4/15/2029 | &nbsp;&nbsp; 237693 |
| &nbsp;&nbsp; 130000 | Broadcom, Inc., Sr. Unsecd. Note, Series WI, 3.419%, 4/15/2033 | &nbsp;&nbsp; 118924 |
| &nbsp;&nbsp; 51000 | Concentrix Corp., Sr. Unsecd. Note, 6.650%, 8/2/2026 | &nbsp;&nbsp; 51229 |
| &nbsp;&nbsp; 180000 | Fidelity National Information Services, Inc., Sr. Unsecd. Note, 4.800%, 3/10/2031 | &nbsp;&nbsp; 178662 |
| &nbsp;&nbsp; 220000<br><sup>1</sup> <br>| Fiserv, Inc., Sr. Secd. Note, 5.250%, 8/11/2035 | &nbsp;&nbsp; 214046 |
| &nbsp;&nbsp; 240000 | Fiserv, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2030 | &nbsp;&nbsp; 218638 |
| &nbsp;&nbsp; 475000 | Fiserv, Inc., Sr. Unsecd. Note, 4.200%, 10/1/2028 | &nbsp;&nbsp; 469662 |
| &nbsp;&nbsp; 215000 | Fiserv, Inc., Sr. Unsecd. Note, 5.450%, 3/2/2028 | &nbsp;&nbsp; 218157 |
| &nbsp;&nbsp; 285000 | Global Payments, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2027 | &nbsp;&nbsp; 279894 |
| &nbsp;&nbsp; 88000 | Global Payments, Inc., Sr. Unsecd. Note, 2.900%, 5/15/2030 | &nbsp;&nbsp; 80481 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $283000 | Global Payments, Inc., Sr. Unsecd. Note, 2.900%, 11/15/2031 | &nbsp;&nbsp; $248360 |
| &nbsp;&nbsp; 300000 | Global Payments, Inc., Sr. Unsecd. Note, 5.200%, 11/15/2032 | &nbsp;&nbsp; 291384 |
| &nbsp;&nbsp; 150000 | Global Payments, Inc., Sr. Unsecd. Note, 5.400%, 3/15/2033 | &nbsp;&nbsp; 146481 |
| &nbsp;&nbsp; 65000 | Global Payments, Inc., Sr. Unsecd. Note, 5.550%, 11/15/2035 | &nbsp;&nbsp; 62668 |
| &nbsp;&nbsp; 400000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 4.400%, 10/15/2030 | &nbsp;&nbsp; 392830 |
| &nbsp;&nbsp; 190000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 4.850%, 10/15/2031 | &nbsp;&nbsp; 188764 |
| &nbsp;&nbsp; 190000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 5.000%, 10/15/2034 | &nbsp;&nbsp; 183980 |
| &nbsp;&nbsp; 375000 | Intel Corp., Sr. Unsecd. Note, 5.000%, 2/21/2031 | &nbsp;&nbsp; 378481 |
| &nbsp;&nbsp; 100000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 3.000%, 10/30/2029 | &nbsp;&nbsp; 95226 |
| &nbsp;&nbsp; 230000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 4.950%, 10/15/2034 | &nbsp;&nbsp; 227706 |
| &nbsp;&nbsp; 295000 | Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029 | &nbsp;&nbsp; 293316 |
| &nbsp;&nbsp; 190000 | Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2029 | &nbsp;&nbsp; 192788 |
| &nbsp;&nbsp; 90000 | Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 2/15/2030 | &nbsp;&nbsp; 90803 |
| &nbsp;&nbsp; 540000 | Oracle Corp., Sr. Unsecd. Note, 2.300%, 3/25/2028 | &nbsp;&nbsp; 514587 |
| &nbsp;&nbsp; 230000 | Oracle Corp., Sr. Unsecd. Note, 5.700%, 2/4/2036 | &nbsp;&nbsp; 221242 |
| &nbsp;&nbsp; 220000 | Oracle Corp., Sr. Unsecd. Note, 6.150%, 11/9/2029 | &nbsp;&nbsp; 226919 |
| &nbsp;&nbsp; 250000 | Oracle Corp., Sr. Unsecd. Note, 6.700%, 2/4/2056 | &nbsp;&nbsp; 232207 |
| &nbsp;&nbsp; 405000 | Roper Technologies, Inc., Sr. Unsecd. Note, 2.000%, 6/30/2030 | &nbsp;&nbsp; 361691 |
| &nbsp;&nbsp; 825000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.750%, 2/15/2032 | &nbsp;&nbsp; 815575 |
| &nbsp;&nbsp; 290000 | Roper Technologies, Inc., Sr. Unsecd. Note, 5.100%, 9/15/2035 | &nbsp;&nbsp; 282094 |
| &nbsp;&nbsp; 760000 | S&P Global, Inc., Sr. Unsecd. Note, 2.900%, 3/1/2032 | &nbsp;&nbsp; 693429 |
| &nbsp;&nbsp; 200000 | Salesforce, Inc., Sr. Unsecd. Note, 4.500%, 3/15/2028 | &nbsp;&nbsp; 200120 |
| &nbsp;&nbsp; 200000 | Salesforce, Inc., Sr. Unsecd. Note, 4.650%, 3/15/2029 | &nbsp;&nbsp; 200446 |
| &nbsp;&nbsp; 380000 | Trimble, Inc., Sr. Unsecd. Note, 6.100%, 3/15/2033 | &nbsp;&nbsp; 397733 |
| &nbsp;&nbsp; 520000 | Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031 | &nbsp;&nbsp; 465920 |
| &nbsp;&nbsp; 565000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | &nbsp;&nbsp; 562088 |
| &nbsp;&nbsp; 100000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.450%, 3/15/2031 | &nbsp;&nbsp; 98389 |
| &nbsp;&nbsp; 200000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 5.125%, 3/15/2036 | &nbsp;&nbsp; 195530 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11935408 |
|  | **Transportation - Railroads—0.7%** |  |
| &nbsp;&nbsp; 475000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.450%, 12/2/2031 | &nbsp;&nbsp; 422227 |
| &nbsp;&nbsp; 475000 | Union Pacific Corp., Sr. Unsecd. Note, 2.150%, 2/5/2027 | &nbsp;&nbsp; 467167 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889394 |
|  | **Transportation - Services—1.6%** |  |
| &nbsp;&nbsp; 380000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2029 | &nbsp;&nbsp; 386200 |
| &nbsp;&nbsp; 195000 | GXO Logistics, Inc., Sr. Unsecd. Note, 6.250%, 5/6/2029 | &nbsp;&nbsp; 202307 |
| &nbsp;&nbsp; 295000 | GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 2.650%, 7/15/2031 | &nbsp;&nbsp; 262852 |
| &nbsp;&nbsp; 95000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 4.550%, 1/15/2031 | &nbsp;&nbsp; 94046 |
| &nbsp;&nbsp; 525000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.250%, 7/1/2029 | &nbsp;&nbsp; 532796 |
| &nbsp;&nbsp; 285000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.700%, 2/1/2028 | &nbsp;&nbsp; 289565 |
| &nbsp;&nbsp; 350000 | Ryder System, Inc., Sr. Unsecd. Note, 4.300%, 12/1/2030 | &nbsp;&nbsp; 344307 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2112073 |
|  | **Utility - Electric—5.6%** |  |
| &nbsp;&nbsp; 240000 | AEP Texas, Inc., Sr. Unsecd. Note, 3.950%, 6/1/2028 | &nbsp;&nbsp; 237692 |
| &nbsp;&nbsp; 400000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 2.300%, 3/1/2030 | &nbsp;&nbsp; 366429 |
| &nbsp;&nbsp; 380000 | Duke Energy Corp., Sr. Unsecd. Note, 2.450%, 6/1/2030 | &nbsp;&nbsp; 350261 |
| &nbsp;&nbsp; 380000 | EDP Finance B.V., Sr. Unsecd. Note, 144A, 1.710%, 1/24/2028 | &nbsp;&nbsp; 360753 |
| &nbsp;&nbsp; 200000 | Electricite de France S.A., Sr. Unsecd. Note, 144A, 5.700%, 5/23/2028 | &nbsp;&nbsp; 204814 |
| &nbsp;&nbsp; 380000 | EverSource Energy, Sr. Unsecd. Note, 5.950%, 2/1/2029 | &nbsp;&nbsp; 393788 |
| &nbsp;&nbsp; 600000 | Exelon Corp., Sr. Unsecd. Note, 4.050%, 4/15/2030 | &nbsp;&nbsp; 587801 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Utility - Electric—continued** |  |
| $240000 | Exelon Corp., Sr. Unsecd. Note, 5.150%, 3/15/2028 | &nbsp;&nbsp; $242922 |
| &nbsp;&nbsp; 475000 | Exelon Corp., Sr. Unsecd. Note, Series WI, 2.750%, 3/15/2027 | &nbsp;&nbsp; 467858 |
| &nbsp;&nbsp; 475000 | National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 5.150%, 6/15/2029 | &nbsp;&nbsp; 485292 |
| &nbsp;&nbsp; 250000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 4.625%, 7/15/2027 | &nbsp;&nbsp; 250960 |
| &nbsp;&nbsp; 565000<br><sup>1</sup> <br>| NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.000%, 2/28/2030 | &nbsp;&nbsp; 574320 |
| &nbsp;&nbsp; 475000 | NiSource, Inc., Sr. Unsecd. Note, 3.490%, 5/15/2027 | &nbsp;&nbsp; 470115 |
| &nbsp;&nbsp; 45000 | NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028 | &nbsp;&nbsp; 45726 |
| &nbsp;&nbsp; 235000 | Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028 | &nbsp;&nbsp; 224032 |
| &nbsp;&nbsp; 240000 | Southern Co., Sr. Unsecd. Note, Series A, 3.700%, 4/30/2030 | &nbsp;&nbsp; 232284 |
| &nbsp;&nbsp; 700000 | Southern Power Co., Sr. Unsecd. Note, Series B, 4.900%, 10/1/2035 | &nbsp;&nbsp; 677340 |
| &nbsp;&nbsp; 283000 | Virginia Electric & Power Co., Sr. Unsecd. Note, Series B, 3.750%, 5/15/2027 | &nbsp;&nbsp; 281322 |
| &nbsp;&nbsp; 755000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 1.800%, 10/15/2030 | &nbsp;&nbsp; 664620 |
| &nbsp;&nbsp; 150000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028 | &nbsp;&nbsp; 141693 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7260022 |
|  | **Utility - Natural Gas—0.4%** |  |
| &nbsp;&nbsp; 475000 | Sempra Energy, Sr. Unsecd. Note, 3.250%, 6/15/2027 | &nbsp;&nbsp; 468444 |
|  | **Utility - Natural Gas Distributor—0.2%** |  |
| &nbsp;&nbsp; 240000 | Southern California Gas Co., Term Loan - 1st Lien, 5.050%, 9/1/2034 | &nbsp;&nbsp; 241488 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $127,867,074)<br>| &nbsp;&nbsp; 126157797 |
|  | REPURCHASE AGREEMENT—1.6% |  |
| &nbsp;&nbsp; 2060000 | Interest in $903,000,000 joint repurchase agreement 3.67%, dated 3/31/2026 under which Bank of America, N.A. will <br> repurchase securities provided as collateral for $903,092,056 on 4/1/2026. The securities provided as collateral at the end of <br> the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to <br> 8/1/2050 and the market value of those underlying securities was $921,153,897. <br>(IDENTIFIED COST $2,060,000)<br>| &nbsp;&nbsp; 2060000 |
|  | MORTGAGE-BACKED SECURITIES—0.0% |  |
|  | **Federal Home Loan Mortgage Corporation—0.0%** |  |
| &nbsp;&nbsp; 148 | Federal Home Loan Mortgage Corp., Pool C01051, 8.000%, 9/1/2030 | &nbsp;&nbsp; 155 |
|  | **Government National Mortgage Association—0.0%** |  |
| &nbsp;&nbsp; 250 | Government National Mortgage Association, Pool 2630, 6.500%, 8/20/2028 | &nbsp;&nbsp; 260 |
| &nbsp;&nbsp; 397 | Government National Mortgage Association, Pool 2631, 7.000%, 8/20/2028 | &nbsp;&nbsp; 410 |
| &nbsp;&nbsp; 526 | Government National Mortgage Association, Pool 2658, 6.500%, 10/20/2028 | &nbsp;&nbsp; 547 |
| &nbsp;&nbsp; 873 | Government National Mortgage Association, Pool 2701, 6.500%, 1/20/2029 | &nbsp;&nbsp; 907 |
| &nbsp;&nbsp; 856 | Government National Mortgage Association, Pool 2796, 7.000%, 8/20/2029 | &nbsp;&nbsp; 883 |
| &nbsp;&nbsp; 197 | Government National Mortgage Association, Pool 3039, 6.500%, 2/20/2031 | &nbsp;&nbsp; 204 |
| &nbsp;&nbsp; 726 | Government National Mortgage Association, Pool 3040, 7.000%, 2/20/2031 | &nbsp;&nbsp; 750 |
| &nbsp;&nbsp; 2835 | Government National Mortgage Association, Pool 3188, 6.500%, 1/20/2032 | &nbsp;&nbsp; 2944 |
| &nbsp;&nbsp; 2314 | Government National Mortgage Association, Pool 3239, 6.500%, 5/20/2032 | &nbsp;&nbsp; 2404 |
| &nbsp;&nbsp; 5191 | Government National Mortgage Association, Pool 3261, 6.500%, 7/20/2032 | &nbsp;&nbsp; 5393 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14702 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $14,313)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14857 |
|  | INVESTMENT COMPANY—0.9% |  |
| &nbsp;&nbsp; 1123023 | Federated Hermes Government Obligations Fund, Premier Shares, 3.58%<sup>2</sup> <br>(IDENTIFIED COST $1,123,023)<br>| &nbsp;&nbsp; 1123023 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.9% <br>(IDENTIFIED COST $131,064,410)<br>| &nbsp;&nbsp; 129355677 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.1%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144170 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $129499847 |

---

**10**

------

At March 31, 2026, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**(Depreciation)**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 10-Year Long Futures | &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp; $777328 | June 2026 | &nbsp;&nbsp;&nbsp; $(9227) |
| United States Treasury Notes 10-Year Ultra Long Futures | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp; $1021641 | June 2026 | &nbsp;&nbsp;&nbsp; $(15349) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED DEPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp; $(24576) |

---

Net Unrealized Depreciation on Futures Contracts is included in "Other Assets and Liabilities—Net."

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended March 31, 2026, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares\***<br>|
| Value as of 12/31/2025 | &nbsp;&nbsp; $850558 |
| Purchases at Cost | &nbsp;&nbsp; $7463010 |
| Proceeds from Sales | &nbsp;&nbsp; $(7190545) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 3/31/2026 | &nbsp;&nbsp; $1123023 |
| Shares Held as of 3/31/2026 | &nbsp;&nbsp; 1123023 |
| Dividend Income | &nbsp;&nbsp; $12550 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of March 31, 2026, securities subject to this type of arrangement and* <br> *related collateral were as follows:*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $1098696 | &nbsp;&nbsp; $1123023 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

2 *7-day net yield.* <br> 3 *Assets, other than investments in securities, less liabilities*

Note: The categories of investments are shown as a percentage of net assets at March 31, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ Shares of other mutual funds or non-exchange traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**11**

------

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

**12**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of March 31, 2026, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp; $126157797 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $126157797 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14857 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14857 |
| **Investment Company** | &nbsp;&nbsp; 1123023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1123023 |
| **Repurchase Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2060000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2060000 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $1123023 | &nbsp;&nbsp; $128232654 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $129355677 |
| **Other Financial Instruments:**<sup>1</sup> <br>|  |  |  |  |
| Liabilities | &nbsp;&nbsp; $(24576) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(24576) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 *Other financial instruments are futures contracts.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| BKNT | —Bank Notes |
| GMTN | —Global Medium Term Note |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |

---

**13**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Insurance Series

- **b. Investment Company Act file number:** 811-08042

- **c. CIK number of Registrant:** 0000912577

- **d. LEI of Registrant:** 254900PGYAB5I8WZFV72

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Quality Bond Fund II

- **b. EDGAR series identifier (if any):** S000009744

- **c. LEI of Series:** RZZ0MRXNQCBGX1ERUZ06

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $132978130.93

**Total Liabilities:** $3376765.67

**Net Assets:** $129601365.26

**Cash Not Reported:** $2137630.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -281.872528000000 | **1-Year:** -9185.034730000000 | **5-Year:** -26437.425692000000 | **10-Year:** -14957.415704000000 | **30-Year:** -612.135076000000

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

- **3-Month:** -1.691675000000 | **1-Year:** -211.697054000000 | **5-Year:** -387.928453000000 | **10-Year:** -27.129513000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026769 | 0.19%                | 0.94%                | -1.44%               |
| Class ID C000026770 | 0.19%                | 0.95%                | -1.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5522.47                 | $-75287.43                                 |
| Month 2  | $-14912.24               | $859185.69                                 |
| Month 3  | $-17516.42               | $-2295735.90                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TEXAS INC                                | AEP Texas Inc                                                                   | CUSIP: 00108WAH3<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237691.80    | 0.18%             | 2028-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                     | AT&T Inc                                                                        | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    245000 | PA      | $248270.51    | 0.19%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    475000 | PA      | $431569.60    | 0.33%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                      | Corebridge Global Funding                                                       | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    340000 | PA      | $350552.76    | 0.27%             | 2028-09-19      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                   | AbbVie Inc                                                                      | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     67000 | PA      | $59961.36     | 0.05%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                           | Advance Auto Parts Inc                                                          | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    995000 | PA      | $914375.45    | 0.71%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                     | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AU3<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    240000 | PA      | $240836.43    | 0.19%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ALLEGION PLC                                 | Allegion PLC                                                                    | CUSIP: 01748TAB7<br>LEI: 984500560CAC2E6FB757 | Long             | DBT              | CORP              | IE        |    395000 | PA      | $380629.73    | 0.29%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                       | Anglo American Capital PLC                                                      | CUSIP: 034863AZ3<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    335000 | PA      | $319765.11    | 0.25%             | 2028-03-17      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                          | Elevance Health Inc                                                             | CUSIP: 036752BJ1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295551.78    | 0.23%             | 2032-09-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                              | Associated Banc-Corp                                                            | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61426.96     | 0.05%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                 | Alphabet Inc                                                                    | CUSIP: 02079KAY3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177906.86    | 0.14%             | 2035-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORPORATI                     | Augusta SpinCo Corp                                                             | CUSIP: 051473AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100062.46    | 0.08%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                                 | Autodesk Inc                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160282.33    | 0.12%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                               | AutoNation Inc                                                                  | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $248495.29    | 0.19%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                              | BAE Systems PLC                                                                 | CUSIP: 05523RAD9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $191855.90    | 0.15%             | 2030-04-15      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                             | BAT Capital Corp                                                                | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    285000 | PA      | $327409.96    | 0.25%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                             | BAT Capital Corp                                                                | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    285000 | PA      | $298336.35    | 0.23%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                   | Biogen Inc                                                                      | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    225000 | PA      | $205666.21    | 0.16%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                    | Boeing Co/The                                                                   | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    470000 | PA      | $447186.12    | 0.35%             | 2031-02-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                         | Boston Properties LP                                                            | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |     80000 | PA      | $73823.67     | 0.06%             | 2031-01-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                      | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DJ4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    147000 | PA      | $135310.35    | 0.10%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    375000 | PA      | $384782.80    | 0.30%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CNA FINANCIAL CORP                           | CNA Financial Corp                                                              | CUSIP: 126117AV2<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93058.43     | 0.07%             | 2029-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CNPC HK OVERSEAS CAPITAL                     | CNPC HK Overseas Capital Ltd                                                    | CUSIP: 12622NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    415000 | PA      | $460107.24    | 0.36%             | 2041-04-28      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2                     | Cintas Corp No 2                                                                | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    705000 | PA      | $701812.57    | 0.54%             | 2027-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                     | Citizens Financial Group Inc                                                    | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    250000 | PA      | $268063.21    | 0.21%             | 2035-04-25      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                     | Constellation Brands Inc                                                        | CUSIP: 21036PBC1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    705000 | PA      | $708168.78    | 0.55%             | 2028-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                       | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AQ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    285000 | PA      | $287866.32    | 0.22%             | 2028-01-19      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| EDP FINANCE BV                               | EDP Finance BV                                                                  | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    380000 | PA      | $360753.11    | 0.28%             | 2028-01-24      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| FNB CORP                                     | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251627.58    | 0.19%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms Inc                                                              | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245359.86    | 0.19%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 31292HEY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       148 | PA      | $154.73       | 0.00%             | 2030-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    275000 | PA      | $284739.57    | 0.22%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210193.98    | 0.16%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    385000 | PA      | $391513.99    | 0.30%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                     | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |     75000 | PA      | $74129.69     | 0.06%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157428.85    | 0.12%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                   | Leidos Inc                                                                      | CUSIP: 52532XAH8<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    565000 | PA      | $503013.01    | 0.39%             | 2031-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374142.18    | 0.29%             | 2027-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                                   | Masco Corp                                                                      | CUSIP: 574599BN5<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    293000 | PA      | $288941.82    | 0.22%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                | AIA Group Ltd                                                                   | CUSIP: 00131LAH8<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    340000 | PA      | $334633.37    | 0.26%             | 2029-04-09      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                        | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    475000 | PA      | $469631.23    | 0.36%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    525000 | PA      | $525786.79    | 0.41%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MASS MUTUAL LIFE INS CO                      | Massachusetts Mutual Life Insurance Co                                          | CUSIP: 575767AG3<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    165000 | PA      | $211735.66    | 0.16%             | 2039-06-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    185000 | PA      | $188117.55    | 0.15%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224718.07    | 0.17%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                     | Electricite de France SA                                                        | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $204814.29    | 0.16%             | 2028-05-23      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202C5T6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       526 | PA      | $546.62       | 0.00%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DLV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       726 | PA      | $749.73       | 0.00%             | 2031-02-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                 | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45725.95     | 0.04%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                 | NiSource Inc                                                                    | CUSIP: 65473QBE2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    475000 | PA      | $470114.84    | 0.36%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DRH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2834 | PA      | $2944.49      | 0.00%             | 2032-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                       | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    285000 | PA      | $300755.90    | 0.23%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                          | Global Payments Inc                                                             | CUSIP: 37940XAX0<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291383.80    | 0.22%             | 2032-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293413.41    | 0.23%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                      | KeyCorp                                                                         | CUSIP: 49326EER0<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122478.14    | 0.09%             | 2037-01-28      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                                                         | CUSIP: 55336VCB4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    390000 | PA      | $387279.81    | 0.30%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245868.77    | 0.19%             | 2032-01-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                    | Orange SA                                                                       | CUSIP: 685218AF6<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $196520.56    | 0.15%             | 2036-01-13      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                      | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113742.67    | 0.09%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                      | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAK3<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    305000 | PA      | $266168.09    | 0.21%             | 2031-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1709575.92   | 1.32%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL NV                            | CNH Industrial NV                                                               | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |    560000 | PA      | $554533.59    | 0.43%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | ONEOK Inc                                                                       | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126473.02    | 0.10%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                  | Ovintiv Inc                                                                     | CUSIP: 69047QAB8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195145.76    | 0.15%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CC6<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94045.93     | 0.07%             | 2031-01-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                     | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $459800.71    | 0.35%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                     | Piedmont Operating Partnership LP                                               | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    120000 | PA      | $100885.65    | 0.08%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| REGENERON PHARMACEUTICAL                     | Regeneron Pharmaceuticals Inc                                                   | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    635000 | PA      | $563015.25    | 0.43%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                            | Tractor Supply Co                                                               | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91420.52     | 0.07%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                                           | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    380000 | PA      | $379180.89    | 0.29%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                                   | Airbnb Inc                                                                      | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75105.37     | 0.06%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                     | AT&T Inc                                                                        | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    827000 | PA      | $700182.01    | 0.54%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                        | Accenture Capital Inc                                                           | CUSIP: 00440KAB9<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    285000 | PA      | $283164.58    | 0.22%             | 2029-10-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                     | Alimentation Couche-Tard Inc                                                    | CUSIP: 01626PAM8<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    445000 | PA      | $420302.12    | 0.32%             | 2030-01-25      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                      | American Electric Power Co Inc                                                  | CUSIP: 025537AN1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $366429.10    | 0.28%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                               | Air Lease Corp                                                                  | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132757.89    | 0.10%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                      | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    195000 | PA      | $194632.46    | 0.15%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                          | American Tower Corp                                                             | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    505000 | PA      | $496431.29    | 0.38%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                       | Anglo American Capital PLC                                                      | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $183050.30    | 0.14%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                               | Amazon.com Inc                                                                  | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158114.94    | 0.12%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                               | Amazon.com Inc                                                                  | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248187.02    | 0.19%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                     | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    475000 | PA      | $422227.39    | 0.33%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp                                                      | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    450000 | PA      | $441963.03    | 0.34%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                           | Regency Centers LP                                                              | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    380000 | PA      | $369004.52    | 0.28%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                     | Rogers Communications Inc                                                       | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $189241.15    | 0.15%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                          | Carrier Global Corp                                                             | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147766.75    | 0.11%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    610000 | PA      | $568451.99    | 0.44%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    475000 | PA      | $471584.07    | 0.36%             | 2029-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                 | Comcast Corp                                                                    | CUSIP: 20030NER8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292795.05    | 0.23%             | 2032-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                    | Apple Inc                                                                       | CUSIP: 037833AT7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    120000 | PA      | $107451.69    | 0.08%             | 2044-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                          | Ashtead Capital Inc                                                             | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    490000 | PA      | $484506.01    | 0.37%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                    | Amgen Inc                                                                       | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    940000 | PA      | $965450.53    | 0.74%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                          | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202049.68    | 0.16%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| CIGNA GROUP/THE                              | Cigna Corp                                                                      | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189880.02    | 0.15%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                       | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAW4<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195547.91    | 0.15%             | 2031-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                              | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51228.80     | 0.04%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                             | Crown Castle Inc                                                                | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    240000 | PA      | $241320.15    | 0.19%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                               | S&P Global Inc                                                                  | CUSIP: 78409VBK9<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    760000 | PA      | $693429.42    | 0.54%             | 2032-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                       | Sempra Energy                                                                   | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468444.43    | 0.36%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp                                                      | CUSIP: 14040HDP7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157617.78    | 0.12%             | 2032-01-30      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                     | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    142000 | PA      | $146258.89    | 0.11%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                         | Smithfield Foods Inc                                                            | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    500000 | PA      | $457255.06    | 0.35%             | 2030-10-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TC PIPELINES LP                              | TC PipeLines LP                                                                 | CUSIP: 87233QAC2<br>LEI: 6HL0C5LCIE4TN8UZHL06 | Long             | DBT              | CORP              | US        |    565000 | PA      | $560984.82    | 0.43%             | 2027-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                         | ERAC USA Finance LLC                                                            | CUSIP: 26884TAY8<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    380000 | PA      | $386200.17    | 0.30%             | 2029-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                          | Fifth Third Bancorp                                                             | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    132000 | PA      | $132564.62    | 0.10%             | 2030-09-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    475000 | PA      | $469661.83    | 0.36%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196369.16    | 0.15%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    195000 | PA      | $187753.28    | 0.14%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBU8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $194463.64    | 0.15%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                             | Crown Castle Inc                                                                | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    240000 | PA      | $236733.59    | 0.18%             | 2033-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                         | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    225000 | PA      | $211956.37    | 0.16%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                     | AT&T Inc                                                                        | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243980.19    | 0.19%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                   | AbbVie Inc                                                                      | CUSIP: 00287YEG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    485000 | PA      | $476028.94    | 0.37%             | 2036-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                       | American Honda Finance Corp                                                     | CUSIP: 02665WFQ9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223047.77    | 0.17%             | 2029-09-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                          | American Tower Corp                                                             | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    225000 | PA      | $227111.04    | 0.18%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                       | Anglo American Capital PLC                                                      | CUSIP: 034863BD1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202480.34    | 0.16%             | 2033-05-02      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                        | Aon North America Inc                                                           | CUSIP: 03740MAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $290985.95    | 0.22%             | 2031-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228187.50    | 0.18%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                        | Becton Dickinson and Co                                                         | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238091.81    | 0.18%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                            | Tractor Supply Co                                                               | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    545000 | PA      | $480659.50    | 0.37%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                                           | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    315000 | PA      | $318517.55    | 0.25%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                           | Union Pacific Corp                                                              | CUSIP: 907818FJ2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    475000 | PA      | $467166.80    | 0.36%             | 2027-02-05      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    285000 | PA      | $291916.28    | 0.23%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                       | UnitedHealth Group Inc                                                          | CUSIP: 91324PFA5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    390000 | PA      | $395951.79    | 0.31%             | 2031-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications Inc                                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    385000 | PA      | $349618.78    | 0.27%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $207054.34    | 0.16%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118923.87    | 0.09%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DAA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       873 | PA      | $907.06       | 0.00%             | 2029-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DC90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       856 | PA      | $883.47       | 0.00%             | 2029-08-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FDB4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197325.68    | 0.15%             | 2036-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267747.74    | 0.21%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                        | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $180859.70    | 0.14%             | 2031-02-09      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                           | Ally Financial Inc                                                              | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182327.88    | 0.14%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                 | Enbridge Inc                                                                    | CUSIP: 29250NCP8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $299318.24    | 0.23%             | 2035-11-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                  | Exelon Corp                                                                     | CUSIP: 30161NBJ9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242921.72    | 0.19%             | 2028-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC                         | Fifth Third Bank/Cincinnati OH                                                  | CUSIP: 31677QBR9<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245850.04    | 0.19%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    215000 | PA      | $218157.00    | 0.17%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                        | Costco Wholesale Corp                                                           | CUSIP: 22160KAN5<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252303.47    | 0.19%             | 2027-06-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                       | Diamondback Energy Inc                                                          | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160119.35    | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                          | Global Payments Inc                                                             | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62667.70     | 0.05%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392290.47    | 0.30%             | 2031-10-21      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                       | Diamondback Energy Inc                                                          | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    285000 | PA      | $289429.80    | 0.22%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                 | Enbridge Inc                                                                    | CUSIP: 29250NCK9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $296576.99    | 0.23%             | 2035-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                  | EXELON CORP SR UNSECURED 04/30 4.05                                             | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    600000 | PA      | $587801.24    | 0.45%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                            | Expedia Group Inc                                                               | CUSIP: 30212PBH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $49547.33     | 0.04%             | 2031-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DS44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2314 | PA      | $2403.58      | 0.00%             | 2032-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                          | Global Payments Inc                                                             | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     88000 | PA      | $80480.82     | 0.06%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    715000 | PA      | $627713.15    | 0.48%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                    | Hess Corp                                                                       | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    660000 | PA      | $660517.85    | 0.51%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms Inc                                                              | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    245000 | PA      | $233924.00    | 0.18%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                          | Fifth Third Bancorp                                                             | CUSIP: 316773DP2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194909.72    | 0.15%             | 2037-01-29      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                          | Global Payments Inc                                                             | CUSIP: 37940XBB7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146481.52    | 0.11%             | 2033-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236164.76    | 0.18%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBU2<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188764.17    | 0.15%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                      | Honeywell International Inc                                                     | CUSIP: 438516BZ8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    565000 | PA      | $512598.63    | 0.40%             | 2030-06-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243052.88    | 0.19%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    390000 | PA      | $402041.07    | 0.31%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                            | Flowers Foods Inc                                                               | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    265000 | PA      | $253321.44    | 0.20%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207074.94    | 0.16%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                     | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    425000 | PA      | $430469.55    | 0.33%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                        | AvalonBay Communities Inc                                                       | CUSIP: 053484AH4<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    300000 | PA      | $296875.39    | 0.23%             | 2030-12-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                                  | Hubbell Inc                                                                     | CUSIP: 443510AK8<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    525000 | PA      | $476313.56    | 0.37%             | 2031-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                        | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BK9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295713.18    | 0.23%             | 2032-01-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                      | Jefferies Group LLC / Jefferies Group Capital Finance Inc                       | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    475000 | PA      | $413632.59    | 0.32%             | 2031-10-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                         | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    730000 | PA      | $715322.14    | 0.55%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    245000 | PA      | $254314.64    | 0.20%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                           | Ingersoll Rand Inc                                                              | CUSIP: 45687VAD8<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194557.53    | 0.15%             | 2029-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                      | Jefferies Group LLC                                                             | CUSIP: 472319AM4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185334.77    | 0.14%             | 2043-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                   | Kenvue Inc                                                                      | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    195000 | PA      | $198553.20    | 0.15%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                           | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86822.76     | 0.07%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                      | Inter-American Development Bank                                                 | CUSIP: 45818QAD1<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |    510000 | PA      | $525805.44    | 0.41%             | 2027-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                        | Keysight Technologies Inc                                                       | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227705.75    | 0.18%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                     | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 63743HFS6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    475000 | PA      | $485291.59    | 0.37%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                       | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250960.18    | 0.19%             | 2027-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194727.66    | 0.15%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                        | Keysight Technologies Inc                                                       | CUSIP: 49338LAF0<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95226.54     | 0.07%             | 2029-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                            | Lam Research Corp                                                               | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    295000 | PA      | $293316.49    | 0.23%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                             | Welltower Inc                                                                   | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    235000 | PA      | $223641.30    | 0.17%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US 10YR NOTE (CBT)JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         7 | NC      | $-9226.86     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES                        | AvalonBay Communities Inc                                                       | CUSIP: 05348EBA6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    375000 | PA      | $371520.22    | 0.29%             | 2027-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    285000 | PA      | $282632.73    | 0.22%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                      | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    395000 | PA      | $403434.44    | 0.31%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1214921.73   | 0.94%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                       | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCN8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    565000 | PA      | $574319.82    | 0.44%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ONEOK INC                                    | ONEOK Inc                                                                       | CUSIP: 682680AN3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    335000 | PA      | $348642.99    | 0.27%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    230000 | PA      | $221241.99    | 0.17%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $289565.19    | 0.22%             | 2028-02-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| MASCO CORP                                   | Masco Corp                                                                      | CUSIP: 574599BP0<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    293000 | PA      | $260663.39    | 0.20%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    195000 | PA      | $199801.47    | 0.15%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                       | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    955000 | PA      | $896188.52    | 0.69%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD FINANCL CORP                     | Comerica Inc                                                                    | CUSIP: 200340AQ0<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    285000 | PA      | $284449.62    | 0.22%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397393.46    | 0.31%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                         | National Fuel Gas Co                                                            | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    600000 | PA      | $545675.51    | 0.42%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| REVVITY INC                                  | PerkinElmer Inc                                                                 | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    425000 | PA      | $406875.90    | 0.31%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                             | Puget Energy Inc                                                                | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    235000 | PA      | $224032.01    | 0.17%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                 | AutoZone Inc                                                                    | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243791.19    | 0.19%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| RPM INTERNATIONAL INC                        | RPM International Inc                                                           | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    475000 | PA      | $476643.67    | 0.37%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                      | Raymond James Financial Inc                                                     | CUSIP: 754730AJ8<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    560000 | PA      | $545563.05    | 0.42%             | 2035-09-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                  | Netflix Inc                                                                     | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    965000 | PA      | $979080.73    | 0.76%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226919.03    | 0.18%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    475000 | PA      | $473143.13    | 0.37%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                                                                 | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    485000 | PA      | $498589.42    | 0.38%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                       | Regions Financial Corp                                                          | CUSIP: 7591EPAV2<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    335000 | PA      | $335595.18    | 0.26%             | 2035-09-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                       | Roper Technologies Inc                                                          | CUSIP: 776696AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    290000 | PA      | $282093.77    | 0.22%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                   | Pfizer Inc                                                                      | CUSIP: 717081FE8<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396855.54    | 0.31%             | 2032-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                       | Roper Technologies Inc                                                          | CUSIP: 776696AH9<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    825000 | PA      | $815574.89    | 0.63%             | 2032-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    485000 | PA      | $494994.77    | 0.38%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                     | Piedmont Operating Partnership LP                                               | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    245000 | PA      | $267579.81    | 0.21%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                  | Prologis LP                                                                     | CUSIP: 74340XBL4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    305000 | PA      | $305231.88    | 0.24%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                           | Regency Centers LP                                                              | CUSIP: 75884RBB8<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    285000 | PA      | $288197.65    | 0.22%             | 2034-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                               | Salesforce Inc                                                                  | CUSIP: 79466LAQ7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200120.46    | 0.15%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                        | Southern California Gas Co                                                      | CUSIP: 842434DB5<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241487.96    | 0.19%             | 2034-09-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD FINANCL CORP                     | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154806.47    | 0.12%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                       | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AZ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    565000 | PA      | $572468.64    | 0.44%             | 2029-09-25      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| AUTOZONE INC                                 | AutoZone Inc                                                                    | CUSIP: 053332BD3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $226603.52    | 0.17%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                        | REPO BANK AMERICA                                                               | CUSIP: 000000000<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | RA               | CORP              | US        |   2060000 | PA      | $2060000.00   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                         | Smithfield Foods Inc                                                            | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    295000 | PA      | $259039.41    | 0.20%             | 2031-09-13      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE BANK TN                             | Synovus Bank/Columbus GA                                                        | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1143048.05   | 0.88%             | 2028-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                  | Southern Co/The                                                                 | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    240000 | PA      | $232283.74    | 0.18%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PINNACLE FINANCL PARTNRS                     | Synovus Financial Corp                                                          | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158073.38    | 0.12%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                     | Rogers Communications Inc                                                       | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $191985.46    | 0.15%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    190000 | PA      | $202012.62    | 0.16%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                            | Eversource Energy                                                               | CUSIP: 30040WAW8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    380000 | PA      | $393787.71    | 0.30%             | 2029-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms Inc                                                              | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    215000 | PA      | $213492.81    | 0.16%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                     | Citizens Financial Group Inc                                                    | CUSIP: 174610AS4<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83035.78     | 0.06%             | 2030-02-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                           | Energy Transfer LP                                                              | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101861.55    | 0.08%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1159573.04   | 0.89%             | 2028-01-27      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC                                 | VeriSign Inc                                                                    | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |    520000 | PA      | $465919.72    | 0.36%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                         | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127875.67    | 0.10%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TRIMBLE INC                                  | Trimble Inc                                                                     | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |    380000 | PA      | $397733.12    | 0.31%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                   | AbbVie Inc                                                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241057.24    | 0.19%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                               | Air Lease Corp                                                                  | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    525000 | PA      | $517343.01    | 0.40%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CNA FINANCIAL CORP                           | CNA Financial Corp                                                              | CUSIP: 126117AU4<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236718.00    | 0.18%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                                                                 | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200849.68    | 0.15%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| TARGA RESOURCES CORP                         | Targa Resources Corp                                                            | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    380000 | PA      | $402052.76    | 0.31%             | 2033-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                         | Targa Resources Corp                                                            | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270925.61    | 0.21%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    240000 | PA      | $223451.93    | 0.17%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217596.03    | 0.17%             | 2036-10-22      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                              | Tyson Foods Inc                                                                 | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153944.66    | 0.12%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                        | Uber Technologies Inc                                                           | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    235000 | PA      | $233138.78    | 0.18%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                        | Camden Property Trust                                                           | CUSIP: 133131AZ5<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |    110000 | PA      | $102759.81    | 0.08%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                     | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $150618.51    | 0.12%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                                           | CUSIP: 89788MAW2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    330000 | PA      | $326555.21    | 0.25%             | 2032-01-27      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VERTIV HOLDINGS CO                           | Vertiv Holdings Co                                                              | CUSIP: 92537NAA6<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97278.74     | 0.08%             | 2036-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Discover Financial Services                                                     | CUSIP: 254709AM0<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239486.62    | 0.18%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                           | Energy Transfer Operating LP                                                    | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    285000 | PA      | $275591.82    | 0.21%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                  | Exelon Corp                                                                     | CUSIP: 30161NBB6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    475000 | PA      | $467857.91    | 0.36%             | 2027-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                      | Fidelity National Information Services Inc                                      | CUSIP: 31620MCE4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178661.78    | 0.14%             | 2031-03-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                          | Fifth Third Bancorp                                                             | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    425000 | PA      | $410216.51    | 0.32%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    475000 | PA      | $472382.23    | 0.36%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA Inc                                                                         | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    475000 | PA      | $484670.58    | 0.37%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                     | Healthcare Trust of America Holdings LP                                         | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    420000 | PA      | $364838.05    | 0.28%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392830.31    | 0.30%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                        | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    210000 | PA      | $217882.06    | 0.17%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                      | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    375000 | PA      | $397770.21    | 0.31%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                     | Microchip Technology Inc                                                        | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90803.45     | 0.07%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    475000 | PA      | $476652.91    | 0.37%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112186.85    | 0.09%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                 | Vontier Corp                                                                    | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    490000 | PA      | $470064.87    | 0.36%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    240000 | PA      | $250595.09    | 0.19%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications Inc                                                      | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    755000 | PA      | $662162.92    | 0.51%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                               | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    665000 | PA      | $658302.12    | 0.51%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                       | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153154.75    | 0.12%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                     | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    285000 | PA      | $365357.23    | 0.28%             | 2039-08-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO                              | Nissan Motor Co Ltd                                                             | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    680000 | PA      | $662000.60    | 0.51%             | 2027-09-17      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201926.97    | 0.16%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202C4Q3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       397 | PA      | $410.16       | 0.00%             | 2028-08-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                             | Paramount Global                                                                | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    295000 | PA      | $253025.25    | 0.20%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                 | WP Carey Inc                                                                    | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    240000 | PA      | $240411.55    | 0.19%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                 | Alphabet Inc                                                                    | CUSIP: 02079KBL0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296350.44    | 0.23%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                      | America Movil SAB de CV                                                         | CUSIP: 02364WBM6<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    290000 | PA      | $291209.30    | 0.22%             | 2033-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228443.53    | 0.18%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245539.92    | 0.19%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                            | GXO Logistics Inc                                                               | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    295000 | PA      | $262851.65    | 0.20%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                            | GXO Logistics Inc                                                               | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    195000 | PA      | $202307.26    | 0.16%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244450.95    | 0.19%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA Inc                                                                         | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83934.03     | 0.06%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157658.83    | 0.12%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816EM7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    400000 | PA      | $386911.04    | 0.30%             | 2036-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    190000 | PA      | $183980.38    | 0.14%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                        | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AS3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    230000 | PA      | $213053.07    | 0.16%             | 2030-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    707000 | PA      | $690190.70    | 0.53%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                       | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128623.11    | 0.10%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                       | Williams Cos Inc/The                                                            | CUSIP: 969457CS7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264872.97    | 0.20%             | 2035-09-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                            | Southern Power Co                                                               | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    700000 | PA      | $677339.82    | 0.52%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EMISIONES SAU                     | Telefonica Emisiones SAU                                                        | CUSIP: 87938WAC7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    240000 | PA      | $264831.36    | 0.20%             | 2036-06-20      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                            | Omnicom Group Inc                                                               | CUSIP: 681919BX3<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290074.16    | 0.22%             | 2036-06-02      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | ONEOK Inc                                                                       | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    330000 | PA      | $328250.02    | 0.25%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232206.78    | 0.18%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291428.65    | 0.22%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                                   | Physicians Realty LP                                                            | CUSIP: 71951QAA0<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    670000 | PA      | $669508.70    | 0.52%             | 2027-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                       | Roper Technologies Inc                                                          | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    405000 | PA      | $361691.26    | 0.28%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    850000 | PA      | $828020.89    | 0.64%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA Inc                                                                | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    475000 | PA      | $478449.77    | 0.37%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UDR INC                                      | UDR Inc                                                                         | CUSIP: 90265EAT7<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    475000 | PA      | $402160.35    | 0.31%             | 2032-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                     | United Technologies Corp                                                        | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    755000 | PA      | $752004.56    | 0.58%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                | AppLovin Corp                                                                   | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    335000 | PA      | $338408.25    | 0.26%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GGA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468732.34    | 0.36%             | 2027-10-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                           | Valero Energy Corp                                                              | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    320000 | PA      | $350449.48    | 0.27%             | 2037-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                         | VERISK ANALYTICS INC SR UNSECURED 03/29 4.125                                   | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    565000 | PA      | $562088.05    | 0.43%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                     | Virginia Electric and Power Co                                                  | CUSIP: 927804GH1<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    283000 | PA      | $281322.50    | 0.22%             | 2027-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                 | WP Carey Inc                                                                    | CUSIP: 92936UAN9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    195000 | PA      | $193819.66    | 0.15%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925223.91    | 0.71%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291996.04    | 0.23%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292354.50    | 0.23%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                             | Welltower Inc                                                                   | CUSIP: 95040QAL8<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    355000 | PA      | $326594.80    | 0.25%             | 2031-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                         | Verisk Analytics Inc                                                            | CUSIP: 92345YAP1<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98389.55     | 0.08%             | 2031-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                      | Corebridge Global Funding                                                       | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    485000 | PA      | $492833.37    | 0.38%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| AIRBNB INC                                   | Airbnb Inc                                                                      | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199633.30    | 0.15%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                     | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    385000 | PA      | $379066.85    | 0.29%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891AEF0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291813.24    | 0.23%             | 2033-01-10      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP                                   | Intel Corp                                                                      | CUSIP: 458140CN8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    375000 | PA      | $378480.65    | 0.29%             | 2031-02-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475654.64    | 0.37%             | 2029-12-05      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    580000 | PA      | $575718.53    | 0.44%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                       | BP Capital Markets America Inc                                                  | CUSIP: 10373QBX7<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    485000 | PA      | $490821.06    | 0.38%             | 2029-04-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                                                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498332.31    | 0.38%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                           | Cenovus Energy Inc                                                              | CUSIP: 15135UAW9<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    285000 | PA      | $253931.99    | 0.20%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510560.57    | 0.39%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                       | Boardwalk Pipelines LP                                                          | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    250000 | PA      | $233338.13    | 0.18%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                       | Diamondback Energy Inc                                                          | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194025.89    | 0.15%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                             | Duke Energy Corp                                                                | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    380000 | PA      | $350261.23    | 0.27%             | 2030-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237692.76    | 0.18%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE                        | Campbell's Company/The                                                          | CUSIP: 134462AA8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252163.00    | 0.19%             | 2031-03-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                          | Kimco Realty Corp                                                               | CUSIP: 49446RAW9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    240000 | PA      | $223206.06    | 0.17%             | 2030-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                     | Lincoln Financial Global Funding                                                | CUSIP: 53359KAD3<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118711.90    | 0.09%             | 2029-01-12      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                           | Cenovus Energy Inc                                                              | CUSIP: 15135UBB4<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $84607.12     | 0.07%             | 2036-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                     | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $88064.95     | 0.07%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738BC1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    240000 | PA      | $218637.75    | 0.17%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214045.81    | 0.17%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| COTERRA ENERGY OP CO                         | Cimarex Energy Co                                                               | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |    210000 | PA      | $202566.87    | 0.16%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    475000 | PA      | $471091.21    | 0.36%             | 2028-07-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                        | Lincoln National Corp                                                           | CUSIP: 534187BJ7<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    755000 | PA      | $710796.12    | 0.55%             | 2030-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp                                                                   | CUSIP: 55261FAQ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    385000 | PA      | $384895.63    | 0.30%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                     | Microchip Technology Inc                                                        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192788.34    | 0.15%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                       | Mid-America Apartments LP                                                       | CUSIP: 59523UAS6<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    305000 | PA      | $266181.58    | 0.21%             | 2031-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                   | NBN Co Ltd                                                                      | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $199323.46    | 0.15%             | 2027-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| 180 MEDICAL INC                              | 180 Medical Inc                                                                 | CUSIP: 682357AB4<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    490000 | PA      | $481573.86    | 0.37%             | 2035-10-08      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    540000 | PA      | $514587.34    | 0.40%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                    | Orange SA                                                                       | CUSIP: 685218AE9<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $197836.42    | 0.15%             | 2033-01-13      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OVINTIV INC                                  | Ovintiv Inc                                                                     | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    550000 | PA      | $580636.77    | 0.45%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475147.79    | 0.37%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180080.91    | 0.14%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY                      | Phillips Edison Grocery Center Operating Partnership I LP                       | CUSIP: 71845JAE8<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              |  | US        |    115000 | PA      | $112270.47    | 0.09%             | 2033-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| SALESFORCE INC                               | Salesforce Inc                                                                  | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200445.65    | 0.15%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA TREASURY                       | Smurfit Kappa Treasury ULC                                                      | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    380000 | PA      | $387466.71    | 0.30%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                               | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    113000 | PA      | $115612.18    | 0.09%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp                                                               | CUSIP: 857477BU6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63772.14     | 0.05%             | 2033-05-13      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                         | Verisk Analytics Inc                                                            | CUSIP: 92345YAQ9<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195529.72    | 0.15%             | 2036-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US 10YR ULTRA FUT JUN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         9 | NC      | $-15348.82    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202C4P5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       250 | PA      | $259.94       | 0.00%             | 2028-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DTS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5191 | PA      | $5392.96      | 0.00%             | 2032-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                          | Global Payments Inc                                                             | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    285000 | PA      | $279893.77    | 0.22%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                               | Home Depot Inc/The                                                              | CUSIP: 437076DC3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    475000 | PA      | $482408.13    | 0.37%             | 2029-06-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EATON CORP                                   | Eaton Corp                                                                      | CUSIP: 278058DY5<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295974.31    | 0.23%             | 2033-03-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                            | Flowers Foods Inc                                                               | CUSIP: 343498AB7<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    360000 | PA      | $358029.06    | 0.28%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36202DLU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       196 | PA      | $204.09       | 0.00%             | 2031-02-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    475000 | PA      | $455678.37    | 0.35%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                     | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |    365000 | PA      | $368968.01    | 0.28%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891AEA1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    210000 | PA      | $206581.76    | 0.16%             | 2030-09-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    940000 | PA      | $849776.33    | 0.66%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                         | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    835000 | PA      | $829569.44    | 0.64%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                    | Kroger Co/The                                                                   | CUSIP: 501044CK5<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    575000 | PA      | $653592.84    | 0.50%             | 2038-04-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp                                                                   | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237332.63    | 0.18%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp                                                                   | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297651.69    | 0.23%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    490000 | PA      | $494843.20    | 0.38%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                            | CUSIP: 378272BN7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    340000 | PA      | $351948.43    | 0.27%             | 2028-10-06      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                          | Global Payments Inc                                                             | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    283000 | PA      | $248359.73    | 0.19%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ACU9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    640000 | PA      | $648904.90    | 0.50%             | 2029-01-08      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    940000 | PA      | $835932.75    | 0.65%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    155000 | PA      | $143959.98    | 0.11%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NUVEEN LLC                                   | Nuveen LLC                                                                      | CUSIP: 67080LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $233335.38    | 0.18%             | 2028-11-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    475000 | PA      | $469386.72    | 0.36%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195937.94    | 0.15%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                          | Kimco Realty Corp                                                               | CUSIP: 49446RAX7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    685000 | PA      | $655752.29    | 0.51%             | 2028-03-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                       | Mid-America Apartments LP                                                       | CUSIP: 59523UAY3<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    200000 | PA      | $196528.66    | 0.15%             | 2033-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $532796.05    | 0.41%             | 2029-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DZ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290725.86    | 0.22%             | 2032-10-29      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TAKEOFF MERGER SUB INC                       | Takeoff Merger Sub Inc                                                          | CUSIP: 873923AE6<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395152.35    | 0.30%             | 2031-03-24      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                                           | CUSIP: 89788MAC6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    475000 | PA      | $455400.99    | 0.35%             | 2027-08-03      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                           | Valero Energy Corp                                                              | CUSIP: 91913YAE0<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    205000 | PA      | $232111.41    | 0.18%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications Inc                                                      | CUSIP: 92343VHG2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    245000 | PA      | $240018.03    | 0.19%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    475000 | PA      | $416016.89    | 0.32%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140356.37    | 0.11%             | 2029-11-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                        | Reynolds American Inc                                                           | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    345000 | PA      | $363726.39    | 0.28%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                             | Ryder System Inc                                                                | CUSIP: 78355HLG2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344307.20    | 0.27%             | 2030-12-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                         | WEC Energy Group Inc                                                            | CUSIP: 92939UAG1<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141693.25    | 0.11%             | 2028-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                             | Welltower OP LLC                                                                | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    195000 | PA      | $195796.71    | 0.15%             | 2035-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                         | Smithfield Foods Inc                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59724.94     | 0.05%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications Inc                                                      | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    165000 | PA      | $157192.25    | 0.12%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                 | WP Carey Inc                                                                    | CUSIP: 92936UAG4<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    260000 | PA      | $232761.05    | 0.18%             | 2031-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                         | WEC Energy Group Inc                                                            | CUSIP: 92939UAE6<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    755000 | PA      | $664620.33    | 0.51%             | 2030-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                        | Waste Connections Inc                                                           | CUSIP: 94106BAJ0<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $245180.52    | 0.19%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                       | Williams Cos Inc/The                                                            | CUSIP: 969457CV0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295647.50    | 0.23%             | 2036-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   1123023 | PA      | $1123023.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-22

**Name of Applicant:** Federated Hermes Insurance Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Insurance Series

**Title:** Chief Compliance Officer