# EDGAR Filing Document

**Accession Number:** 0000832808
**File Stem:** 0001752724-23-047108
**Filing Date:** 2023-2
**Character Count:** 134565
**Document Hash:** 6bd7793dcba94ae6a550594e41b9edc9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047108.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047108

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERNSTEIN SANFORD C FUND INC
- **CENTRAL INDEX KEY:** 0000832808
- **IRS NUMBER:** 133464161
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05555
- **FILM NUMBER:** 23683880

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

## Series and Classes Contracts Data

### Short Duration Diversified Municipal Portfolio (Series ID: S000011062)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000030506 | Short Duration Diversified Municipal Portfolio | SDDMX           |

## Nport-Ex

**Sanford C. Bernstein Fund, Inc.** 

**Schedule of Investments** 

**Short Duration Diversified Municipal Portfolio** 

**December 31, 2022 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 98.2%** | **MUNICIPAL OBLIGATIONS – 98.2%** | **MUNICIPAL OBLIGATIONS – 98.2%** |
|  **Long-Term Municipal Bonds – 95.3%** | **Long-Term Municipal Bonds – 95.3%** | **Long-Term Municipal Bonds – 95.3%** |
|  **Alabama – 2.7%** | **Alabama – 2.7%** | **Alabama – 2.7%** |
|  Lower Alabama Gas District (The)<br> (Goldman Sachs Group, Inc. (The))<br>Series 2020<br>4.00%, 12/01/2050 | $5000 | $4960466 |
|  Southeast Alabama Gas Supply District (The)<br> (Morgan Stanley)<br>Series 2018-A<br>4.00%, 06/01/2049 | 2100 | 2092640 |
|  |  | 7053106 |
|  **Alaska – 0.0%** | **Alaska – 0.0%** | **Alaska – 0.0%** |
|  Northern Tobacco Securitization Corp.<br>Series 2021-B<br>0.50%, 06/01/2031 | 115 | 113959 |
|  **Arizona – 5.4%** | **Arizona – 5.4%** | **Arizona – 5.4%** |
|  Arizona Industrial Development Authority<br> (Phoenix Children's Hospital Obligated Group)<br>Series 2021<br>5.00%, 02/01/2023 | 1950 | 1952617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2024 | 1300 | 1326923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2025 | 1100 | 1146013 |
|  Chandler Industrial Development Authority<br> (Intel Corp.)<br>5.00%, 09/01/2052 | 5000 | 5217871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br> 5.00%, 09/01/2042 | 1980 | 2066075 |
|  City of Glendale AZ<br> (City of Glendale AZ COP)<br>Series 2021<br>0.897%, 07/01/2024 | 2000 | 1881800 |
|  Industrial Development Authority of the County of Pima (The)<br> (La Posada at Park Centre, Inc. Obligated Group)<br>Series 2022<br>5.125%, 11/15/2029<sup>(a)</sup> | 500 | 498681 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14089980 |
|  **Arkansas – 0.2%** | **Arkansas – 0.2%** | **Arkansas – 0.2%** |
|  City of Fayetteville AR Sales & Use Tax Revenue<br>Series 2019-A<br>1.75%, 11/01/2032 | 395 | 394726 |
|  **California – 5.4%** | **California – 5.4%** | **California – 5.4%** |
|  California State University<br>Series 2021-B<br>0.55%, 11/01/2049 | 2000 | 1751308 |
|  Golden State Tobacco Securitization Corp.<br>Series 2021<br>1.85%, 06/01/2031 | 235 | 231700 |
|  Los Angeles Unified School District/CA<br>Series 2020-R<br>5.00%, 07/01/2023 | 1915 | 1934923 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Orange County Transportation Authority<br>Series 2021<br>5.00%, 10/15/2024 (Pre-refunded/ETM) | $| 2000 | $| 2078501 |
|  San Francisco Intl Airport<br>Series 2019-H 5.00%,<br>05/01/2024 (Pre-refunded/ETM) |  | 1890 |  | 1937582 |
|  State of California<br>Series 2021<br>4.00%, 10/01/2024 |  | 4520 |  | 4613131 |
|  University of California<br>Series 2022-S<br>5.00%, 05/15/2024 |  | 1500 |  | 1546724 |
|  |  |  |  | 14093869 |
|  **Colorado – 3.0%** | **Colorado – 3.0%** | **Colorado – 3.0%** | **Colorado – 3.0%** | **Colorado – 3.0%** |
|  City & County of Denver Co. Airport System Revenue<br>Series 2022-A<br>5.00%, 11/15/2030 |  | 4000 |  | 4363615 |
|  Colorado Health Facilities Authority<br>(Sanford Obligated Group)<br>Series 2019-A<br>5.00%, 11/01/2026 |  | 1885 |  | 2017029 |
|  E-470 Public Highway Authority<br>Series 2021-B<br>3.231% (SOFR + 0.35%), 09/01/2039<sup>(b)</sup> |  | 1500 |  | 1488699 |
|  |  |  |  | 7869343 |
|  **Connecticut – 0.4%** | **Connecticut – 0.4%** | **Connecticut – 0.4%** | **Connecticut – 0.4%** | **Connecticut – 0.4%** |
|  State of Connecticut<br>Series 2019-A<br>5.00%, 04/15/2024 |  | 1000 |  | 1027562 |
|  **Delaware – 0.3%** | **Delaware – 0.3%** | **Delaware – 0.3%** | **Delaware – 0.3%** | **Delaware – 0.3%** |
|  Delaware River & Bay Authority<br>Series 2022<br>5.00%, 01/01/2024 |  | 820 |  | 835992 |
|  **District of Columbia – 4.1%** | **District of Columbia – 4.1%** | **District of Columbia – 4.1%** | **District of Columbia – 4.1%** | **District of Columbia – 4.1%** |
|  District of Columbia<br>(District of Columbia Fed Hwy Grant) District of Columbia<br>Series 2020<br>5.00%, 12/01/2023 |  | 2200 |  | 2240837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2024 |  | 855 |  | 890075 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br>Series 2020-A<br>5.00%, 10/01/2024 |  | 7230 |  | 7421881 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10552793 |
|  **Florida – 5.3%** | **Florida – 5.3%** | **Florida – 5.3%** | **Florida – 5.3%** | **Florida – 5.3%** |
|  Brevard County Health Facilities Authority<br>(Health First, Inc. Obligated Group)<br>Series 2023<br>5.00%, 04/01/2025<sup>(c)</sup> |  | 2110 |  | 2171091 |
|  Capital Projects Finance Authority/FL<br>(CAPFA Capital Corp. 2000F)<br>Series 2020-A<br>5.00%, 10/01/2025 |  | 1000 |  | 1018115 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Capital Trust Agency, Inc.<br> (Franklin Academy Series 2020 Obligated Group)<br>Series 2020<br>4.00%, 12/15/2023<sup>(a)</sup> | $| 365 | $| 363920 |
|  County of Broward FL Airport System Revenue<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-A<br>5.125%, 10/01/2038 (Pre-refunded/ETM) |  | 2000 |  | 2029152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C<br>2.384%, 10/01/2026 |  | 1000 |  | 913430 |
|  Florida Development Finance Corp.<br>Series 2022<br>2.90%, 12/01/2056 (Pre-refunded/ETM) |  | 3000 |  | 2991441 |
|  Florida Development Finance Corp.<br> (Mayflower Retirement Center, Inc. Obligated Group)<br>Series 2021<br>1.75%, 06/01/2026<sup>(a)</sup> |  | 1025 |  | 919088 |
|  Florida Municipal Power Agency<br> (Florida Municipal Power Agency All-Requirements Power Supply Project Revenue)<br>Series 2021<br>1.425%, 10/01/2026 |  | 1000 |  | 872621 |
|  Florida State Board of Education<br> (State of Florida)<br>Series 2019-D<br>5.00%, 06/01/2024 |  | 1165 |  | 1204379 |
|  State of Florida Department of Transportation<br> Turnpike System Revenue<br>Series 2017-A<br>5.00%, 07/01/2024 |  | 1070 |  | 1104219 |
|  Village Community Development District No. 13<br>Series 2019<br>2.625%, 05/01/2024 |  | 250 |  | 243347 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13830803 |
|  **Georgia – 3.6%** | **Georgia – 3.6%** | **Georgia – 3.6%** | **Georgia – 3.6%** | **Georgia – 3.6%** |
|  Augusta Development Authority<br> (AU Health System Obligated Group)<br>Series 2018<br>5.00%, 07/01/2027 |  | 1000 |  | 984319 |
|  City of Atlanta GA Department of Aviation<br>Series 2021-C<br>5.00%, 07/01/2024 |  | 1000 |  | 1024898 |
|  Cobb County Kennestone Hospital Authority<br> (WellStar Health System Obligated Group)<br>Series 2021<br>5.00%, 04/01/2023 |  | 1200 |  | 1204431 |
|  Development Authority of Monroe County (The)<br> (Oglethorpe Power Corp.)<br>Series 2013-A<br>1.50%, 01/01/2039 |  | 2150 |  | 2031534 |
|  Main Street Natural Gas, Inc.<br> (Royal Bank of Canada)<br>Series 2021-A<br>4.00%, 07/01/2052 |  | 4000 |  | 3967250 |
|  |  |  |  | 9212432 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Guam – 0.7%** | **Guam – 0.7%** | **Guam – 0.7%** |
|  Antonio B Won Pat International Airport Authority<br>Series 2021-A<br>2.699%, 10/01/2026 | $610 | $551057 |
|  Guam Department of Education<br>(Guam Department of Education COP)<br>Series 2020<br>3.625%, 02/01/2025 | 1365 | 1324945 |
|  |  | 1876002 |
|  **Hawaii – 2.9%** | **Hawaii – 2.9%** | **Hawaii – 2.9%** |
|  City & County of Honolulu HI<br>Series 2022-A<br>5.00%, 11/01/2023 | 2360 | 2401426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2024 | 2660 | 2770530 |
|  State of Hawaii Airports System Revenue<br>Series B<br>5.00%, 07/01/2023 | 2180 | 2196819 |
|  |  | 7368775 |
|  **Illinois – 5.0%** | **Illinois – 5.0%** | **Illinois – 5.0%** |
|  Chicago O'Hare International Airport<br>Series 2022<br>5.00%, 01/01/2023 | 300 | 300000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2024 | 2000 | 2027245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2025 | 2000 | 2058275 |
|  City of Chicago IL<br>Series 2020-A<br>5.00%, 01/01/2025 | 1000 | 1019226 |
|  Illinois Finance Authority<br>(OSF Healthcare System Obligated Group)<br>Series 2020<br>5.00%, 05/15/2050 | 2025 | 2134843 |
|  Metropolitan Pier & Exposition Authority<br>Series 2022<br>3.00%, 06/15/2024 | 1000 | 991340 |
|  Sales Tax Securitization Corp.<br>Series 2020-A<br>5.00%, 01/01/2026 | 2740 | 2890038 |
|  State of Illinois<br>Series 2022-B<br>5.00%, 03/01/2024 | 1500 | 1520815 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12941782 |
|  **Indiana – 0.3%** | **Indiana – 0.3%** | **Indiana – 0.3%** |
|  Indiana Finance Authority<br> (Good Samaritan Hospital Obligated Group)<br>Series 2022<br>5.00%, 04/01/2023 | 650 | 651925 |
|  **Kansas – 0.6%** | **Kansas – 0.6%** | **Kansas – 0.6%** |
|  Kansas Development Finance Authority <br>(State of Kansas Department of Administration Lease)<br>Series 2021-K<br>0.662%, 05/01/2024 | 1500 | 1421524 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Kentucky – 2.7%** | **Kentucky – 2.7%** | **Kentucky – 2.7%** |
|  Kentucky Asset Liability Commission<br>(Commonwealth of Kentucky Fed Hwy Grant)<br>Series 2015-A<br>5.00%, 09/01/2023 | $1000 | $1012278 |
|  Kentucky Economic Development Finance Authority<br>(Owensboro Health, Inc. Obligated Group)<br>Series 2017-A<br>5.00%, 06/01/2024 | 1000 | 1021517 |
|  Kentucky Public Energy Authority<br>(Morgan Stanley)<br>Series 2018-A<br>4.00%, 04/01/2048 | 5000 | 4991219 |
|  |  | 7025014 |
|  **Louisiana – 1.3%** | **Louisiana – 1.3%** | **Louisiana – 1.3%** |
|  Louisiana Stadium & Exposition District<br>Series 2021<br>4.00%, 07/03/2023 | 2000 | 2002456 |
|  Parish of St. James LA<br> (NuStar Logistics LP) Parish of St. James LA<br>Series 2020<br>5.85%, 08/01/2041<sup>(a)</sup> | 100 | 102334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/01/2038<sup>(a)</sup> | 105 | 111472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 12/01/2040<sup>(a)</sup> | 100 | 106163 |
|  State of Louisiana Gasoline & Fuels Tax Revenue<br>Series 2022-A<br>3.51% (SOFR + 0.50%), 05/01/2043<sup>(b)</sup> | 995 | 970021 |
|  |  | 3292446 |
|  **Maryland – 1.2%** | **Maryland – 1.2%** | **Maryland – 1.2%** |
|  State of Maryland<br>Series 2017-B<br>5.00%, 08/01/2024 | 2930 | 3033537 |
|  **Massachusetts – 0.9%** | **Massachusetts – 0.9%** | **Massachusetts – 0.9%** |
|  Commonwealth of Massachusetts<br>(Commonwealth of Massachusetts COVID-19 Recovery Assessment Revenue)<br>Series 2022-B<br>4.11%, 07/15/2031 | 1000 | 965470 |
|  Massachusetts Development Finance Agency<br> (Lasell University) Series 2021<br>4.00%, 07/01/2023 | 220 | 219438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2026 | 240 | 233819 |
|  Massachusetts Development Finance Agency<br>(Springfield College)<br>Series 2021<br>5.00%, 06/01/2023 | 365 | 366903 |
|  Massachusetts Development Finance Agency<br> (Wellforce Obligated Group)<br>AGM Series 2020-C<br>5.00%, 10/01/2023 | 300 | 303614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2025 | 195 | 204404 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2293648 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Michigan – 2.9%** | **Michigan – 2.9%** | **Michigan – 2.9%** |
|  Bloomfield Hills School District<br>Series 2023<br>5.00%, 05/01/2024<sup>(c)</sup> | $705 | $722283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2025<sup>(c)</sup> | 775 | 808641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2026<sup>(c)</sup> | 600 | 637019 |
|  City of Detroit MI<br>Series 2018<br>5.00%, 04/01/2023 | 770 | 771682 |
|  City of Detroit MI Sewage Disposal System Revenue<br>(Great Lakes Water Authority Sewage Disposal System Revenue)<br>AGM Series 2006-D<br>3.108% (LIBOR 3 Month + 0.60%), 07/01/2032<sup>(b)</sup> | 2530 | 2474403 |
|  Michigan State Building Authority<br>(Michigan State Building Authority Lease)<br>Series 2013-I<br>5.00%, 10/15/2029 | 2000 | 2033619 |
|  |  | 7447647 |
|  **Missouri – 0.9%** | **Missouri – 0.9%** | **Missouri – 0.9%** |
|  Health & Educational Facilities Authority of the State of Missouri<br>(Lutheran Senior Services Obligated Group)<br>Series 2014<br>5.00%, 02/01/2026 | 940 | 943083 |
|  Southeast Missouri State University<br>5.00%, 04/01/2025 | 1275 | 1328566 |
|  |  | 2271649 |
|  **Nebraska – 1.1%** | **Nebraska – 1.1%** | **Nebraska – 1.1%** |
|  Central Plains Energy Project<br>(Goldman Sachs Group Inc/The)<br>Series 2022-1<br>5.00%, 05/01/2053 | 2095 | 2153441 |
|  Central Plains Energy Project<br>(Royal Bank of Canada)<br>Series 2019<br>4.00%, 12/01/2049 | 810 | 807887 |
|  |  | 2961328 |
|  **Nevada – 0.9%** | **Nevada – 0.9%** | **Nevada – 0.9%** |
|  City of Sparks NV<br>(City of Sparks NV Sales Tax)<br>Series 2019-A<br>2.50%, 06/15/2024<sup>(a)</sup> | 65 | 63039 |
|  Clark County School District<br>Series 2021-A<br>5.00%, 06/15/2027 | 2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2345611 |
|  |  | 2408650 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **New Jersey – 2.9%** | **New Jersey – 2.9%** | **New Jersey – 2.9%** |
|  New Jersey Economic Development Authority<br>(New Jersey-American Water Co., Inc.)<br>Series 2020<br>1.20%, 11/01/2034 | $4000 | $3960395 |
|  New Jersey Transportation Trust Fund Authority<br>(New Jersey Transportation Trust Fund Authority State Lease)<br>Series 2019<br>5.00%, 12/15/2024 | 490 | 507264 |
|  New Jersey Turnpike Authority<br>Series 2021-B<br>0.638%, 01/01/2024 | 1125 | 1082264 |
|  Township of Jefferson NJ<br>3.00%, 06/16/2023 | 2000 | 1995994 |
|  |  | 7545917 |
|  **New York – 9.5%** | **New York – 9.5%** | **New York – 9.5%** |
|  Metropolitan Transportation Authority<br>Series 2015-D<br>5.00%, 11/15/2028 | 940 | 959387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A<br>5.00%, 02/01/2023 | 1260 | 1260920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-D<br>3.211% (SOFR + 0.33%), 11/01/2035<sup>(b)</sup> | 1795 | 1765383 |
|  New York State Dormitory Authority<br>Series 2017-B<br>5.00%, 02/15/2023 (Pre-refunded/ETM) | 915 | 916996 |
|  New York State Dormitory Authority<br> (State of New York Pers Income Tax)<br>Series 2017-B<br>5.00%, 02/15/2023 | 420 | 421007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>0.267%, 03/15/2023 | 4880 | 4837633 |
|  New York Transportation Development Corp.<br>(JFK International Air Terminal LLC)<br>Series 2020<br>5.00%, 12/01/2023 | 1600 | 1619053 |
|  Suffolk Tobacco Asset Securitization Corp.<br>Series 2021<br>5.00%, 06/01/2025 | 2250 | 2321195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2026 | 2200 | 2291567 |
|  Triborough Bridge & Tunnel Authority<br> (Metropolitan Transportation Authority Payroll Mobility Tax Revenue)<br>Series 2022-A<br>5.00%, 08/15/2024 | 6925 | 7156308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-E<br>3.931% (SOFR + 1.05%), 04/01/2026<sup>(b)</sup> | 1000 | 1007338 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24556787 |
|  **North Carolina – 1.5%** | **North Carolina – 1.5%** | **North Carolina – 1.5%** |
|  City of Charlotte NC Airport Revenue<br>Series 2021-B<br>5.00%, 07/01/2024 | 875 | 898072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2025 | 1005 | 1044652 |
|  County of Mecklenburg NC<br>Series 2022<br>5.00%, 09/01/2024 | 1805 | 1872770 |
|  |  | 3815494 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Ohio – 3.7%** | **Ohio – 3.7%** | **Ohio – 3.7%** |
|  County of Franklin OH<br>(OhioHealth Obligated Group)<br>Series 2018-B<br>5.00%, 11/15/2033 | $1910 | $1921422 |
|  County of Washington OH<br>(Marietta Area Health Care, Inc. Obligated Group)<br>Series 2022<br>5.50%, 12/01/2027 | 175 | 173863 |
|  Ohio Air Quality Development Authority<br>(Ohio Valley Electric Corp.)<br>Series 2021<br>1.50%, 02/01/2026 | 2000 | 1843452 |
|  Ohio Turnpike & Infrastructure Commission<br>Series 2022<br>5.00%, 02/15/2024 | 2500 | 2559330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/2025 | 3000 | 3143057 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9641124 |
|  **Pennsylvania – 2.1%** | **Pennsylvania – 2.1%** | **Pennsylvania – 2.1%** |
|  Allentown Neighborhood Improvement Zone Development Authority<br>Series 2018<br>5.00%, 05/01/2023<sup>(a)</sup> | 175 | 175519 |
|  Monroe County Hospital Authority/PA<br>(Lehigh Valley Health Network Obligated Group)<br>Series 2016<br>5.00%, 07/01/2023 | 1025 | 1033558 |
|  Pennsylvania Economic Development Financing Authority<br>(UPMC Obligated Group)<br>Series 2022-C<br>4.36% (MUNIPSA + 0.70%), 11/15/2047<sup>(b)</sup> | 1000 | 969705 |
|  Philadelphia Authority for Industrial Development<br>(City of Philadelphia PA)<br>Series 2018<br>5.00%, 05/01/2023 | 800 | 804296 |
|  Philadelphia Authority for Industrial Development<br> (St. Joseph's University)<br>Series 2020<br>4.00%, 11/01/2024 | 500 | 506127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2025 | 1000 | 1045392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2026 | 850 | 898509 |
|  |  | 5433106 |
|  **Puerto Rico – 0.2%** | **Puerto Rico – 0.2%** | **Puerto Rico – 0.2%** |
|  Commonwealth of Puerto Rico |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>5.25%, 07/01/2023 | 62 | 62498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/2025 | 125 | 125942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2027 | 400 | 407547 |
|  |  | 595987 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** |
|  Piedmont Municipal Power Agency<br> (Piedmont Municipal Power Agency Catawba Project Power Sales Revenue)<br>Series 2021-A<br>4.00%, 01/01/2024 | $1525 | $1536974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/01/2025 | 1240 | 1259639 |
|  |  | 2796613 |
|  **Tennessee – 0.2%** | **Tennessee – 0.2%** | **Tennessee – 0.2%** |
|  Bristol Industrial Development Board<br>(Bristol Industrial Development Board Sales Tax)<br>Series 2016-B<br>Zero Coupon, 12/01/2024<sup>(a)</sup> | 500 | 452170 |
|  **Texas – 8.5%** | **Texas – 8.5%** | **Texas – 8.5%** |
|  Arlington Higher Education Finance Corp.<br>(BASIS Texas Charter Schools, Inc.)<br>Series 2021<br>4.50%, 06/15/2056<sup>(a)</sup> | 500 | 477836 |
|  Board of Regents of the University of Texas System<br>Series 2016-E<br>5.00%, 08/15/2024 | 1565 | 1621795 |
|  City of Dallas TX Hotel Occupancy Tax Revenue<br>Series 2021<br>4.00%, 08/15/2027 | 1940 | 1966143 |
|  Coppell Independent School District<br>Series 2019<br>5.00%, 08/15/2023 | 2135 | 2162634 |
|  Dallas Fort Worth International Airport<br>Series 2021-A<br>5.00%, 11/01/2027 | 1295 | 1421993 |
|  Harris County Cultural Education Facilities Finance Corp.<br> (Memorial Hermann Health System Obligated Group)<br>Series 2020<br>5.00%, 06/01/2024 | 1000 | 1025682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2032 | 4355 | 4587481 |
|  Houston Independent School District<br>Series 2020<br>4.00%, 06/01/2029 | 2030 | 2034746 |
|  Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue<br>Series 2017-B<br>5.00%, 11/01/2023 | 1080 | 1098247 |
|  North Texas Tollway Authority<br>Series 2022-B<br>5.00%, 01/01/2024 | 2260 | 2305189 |
|  State of Texas<br>Series 2016<br>5.50%, 08/01/2026 | 1000 | 1083647 |
|  Texas Transportation Commission State Highway Fund<br>Series 2015<br>5.00%, 10/01/2023 | 2150 | 2184628 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21970021 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Utah – 1.3%** | **Utah – 1.3%** | **Utah – 1.3%** |
|  City of Salt Lake City UT Airport Revenue<br>Series 2021-A<br>5.00%, 07/01/2029 | $3180 | $3412856 |
|  **Virginia – 2.0%** | **Virginia – 2.0%** | **Virginia – 2.0%** |
|  Virginia College Building Authority<br>(Virginia College Building Authority State Lease)<br>Series 2021<br>5.00%, 02/01/2023 | 1695 | 1697417 |
|  Virginia Small Business Financing Authority<br> (National Senior Campuses, Inc. Obligated Group)<br>Series 2020<br>5.00%, 01/01/2023 | 900 | 900000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2025 | 505 | 518147 |
|  Virginia Small Business Financing Authority<br>(Pure Salmon Virginia, LLC)<br>3.50%, 11/01/2052 | 2000 | 1992887 |
|  |  | 5108451 |
|  **Washington – 5.3%** | **Washington – 5.3%** | **Washington – 5.3%** |
|  Spokane County School District No 81 Spokane<br>Series 2022<br>5.00%, 12/01/2023 | 5035 | 5132560 |
|  State of Washington<br>Series 2021<br>5.00%, 06/01/2024 | 2000 | 2062545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2025 | 2500 | 2639580 |
|  Tobacco Settlement Authority/WA<br>Series 2013<br>5.00%, 06/01/2023 | 855 | 861987 |
|  Washington Economic Development Finance Authority<br>(Mura Cascade ELP LLC)<br>Series 2022<br>3.90%, 12/01/2042<sup>(a)</sup> | 2000 | 1997866 |
|  Washington Health Care Facilities Authority<br> (Fred Hutchinson Cancer Center Obligated Group)<br>Series 2021<br>5.00%, 12/01/2023<sup>(a)</sup> | 250 | 254122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2024<sup>(a)</sup> | 195 | 202041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2025<sup>(a)</sup> | 275 | 288978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2026<sup>(a)</sup> | 285 | 303099 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13742778 |
|  **West Virginia – 0.1%** | **West Virginia – 0.1%** | **West Virginia – 0.1%** |
|  Tobacco Settlement Finance Authority/WV<br>Series 2020<br>3.00%, 06/01/2035 | 232 | 208100 |
|  West Virginia Economic Development Authority <br>(Arch Resources, Inc.)<br>Series 2021<br>4.125%, 07/01/2045 | 100 | 97608 |
|  |  | 305708 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Wisconsin – 5.1%** |  |  |
|  City of Milwaukee WI<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-N<br>5.00%, 04/01/2024 | $1415 | $1445043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-N<br>5.00%, 04/01/2028 | 3610 | 3929581 |
|  State of Wisconsin |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2<br>5.00%, 05/01/2023 | 3275 | 3296864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1<br>5.00%, 05/01/2024<sup>(c)</sup> | 1000 | 1027684 |
|  UMA Education, Inc.<br>Series 2019<br>5.00%, 10/01/2023<sup>(a)</sup> | 360 | 361065 |
|  Wisconsin Health & Educational Facilities Authority<br> (Advocate Aurora Health Obligated Group)<br>Series 2022<br>3.84% (MUNIPSA + 0.18%), 08/15/2054<sup>(b)</sup> | 1000 | 966651 |
|  Wisconsin Public Finance Authority<br> (Celanese US Holdings LLC)<br>Series 2016-B<br>5.00%, 12/01/2025 | 2000 | 2004733 |
|  Wisconsin Public Finance Authority<br> (Samaritan Housing Foundation Obligated Group)<br>Series 2021-B<br>2.25%, 06/01/2027<sup>(a)</sup> | 200 | 178549 |
|  |  | 13210170 |
|  Total Long-Term Municipal Bonds <br>(cost $253,444,707) |  | 246655674 |
|  **Short-Term Municipal Notes – 2.9%** |  |  |
|  **Florida – 1.5%** |  |  |
|  County of Palm Beach FL<br> (Raymond F Kravis Center for the Performing Arts, Inc. (The))<br>Series 2002<br>3.68%, 07/01/2032<sup>(d)</sup> | 2000 | 2000000 |
|  Florida Keys Aqueduct Authority<br>Series 2013<br>3.59%, 09/01/2035<sup>(d)</sup> | 1905 | 1905000 |
|  |  | 3905000 |
|  **Kentucky – 0.7%** |  |  |
|  Louisville/Jefferson County Metropolitan Government<br> (Norton Healthcare Obligated Group)<br>Series 2016-A<br>3.63%, 10/01/2039<sup>(d)</sup> | 1855 | 1855000 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Minnesota – 0.7%** | **Minnesota – 0.7%** | **Minnesota – 0.7%** |
|  City of Minneapolis MN/St. Paul Housing & Redevelopment Authority<br> (Allina Health Obligated Group)<br>Series 2008<br>3.60%, 11/15/2034<sup>(d)</sup> | $1770 | $1770000 |
|  Total Short-Term Municipal Notes <br>(cost $7,530,000) |  | 7530000 |
|  Total Municipal Obligations <br>(cost $260,974,707) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254185674 |
|  **CORPORATES - INVESTMENT GRADE – 1.5%** | **CORPORATES - INVESTMENT GRADE – 1.5%** | **CORPORATES - INVESTMENT GRADE – 1.5%** |
|  **Industrial – 1.5%** | **Industrial – 1.5%** | **Industrial – 1.5%** |
|  **Capital Goods – 0.8%** | **Capital Goods – 0.8%** | **Capital Goods – 0.8%** |
|  Caterpillar Financial Services Corp.<br>4.428% (SOFR + 0.27%), 09/13/2024<sup>(b)</sup> | 1000 | 993210 |
|  John Deere Capital Corp.<br>3.692% (SOFR + 0.12%), 07/10/2023<sup>(b)</sup> | 1000 | 997740 |
|  |  | 1990950 |
|  **Consumer Cyclical - Automotive – 0.4%** | **Consumer Cyclical - Automotive – 0.4%** | **Consumer Cyclical - Automotive – 0.4%** |
|  General Motors Financial Co., Inc.<br>4.938% (SOFR + 1.30%), 04/07/2025<sup>(b)</sup> | 1000 | 974360 |
|  **Consumer Cyclical - Entertainment – 0.3%** | **Consumer Cyclical - Entertainment – 0.3%** | **Consumer Cyclical - Entertainment – 0.3%** |
|  YMCA of Greater New York<br>2.303%, 08/01/2026 | 1000 | 889780 |
|  Total Corporates - Investment Grade <br>(cost $4,000,000) |  | 3855090 |
|  **CORPORATES - NON-INVESTMENT GRADE – 0.1%** | **CORPORATES - NON-INVESTMENT GRADE – 0.1%** | **CORPORATES - NON-INVESTMENT GRADE – 0.1%** |
|  **United States – 0.1%** | **United States – 0.1%** | **United States – 0.1%** |
|  United Airlines, Inc.<br>4.375%, 04/15/2026<sup>(a)</sup> <br>(cost $300,000) | 300 | 279411 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 1.6%** | **SHORT-TERM INVESTMENTS – 1.6%** | **SHORT-TERM INVESTMENTS – 1.6%** |
|  **Investment Companies – 1.6%** | **Investment Companies – 1.6%** | **Investment Companies – 1.6%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.12%<sup>(e) (f) (g)</sup> <br>(cost $4,013,107) | 4013107 | 4013107 |
|  **Total Investments – 101.4%** <br> (cost $269,287,814)<sup>(h)</sup> |  | 262333282 |
|  Other assets less liabilities – (1.4)% |  | (3561591) |
|  **Net Assets – 100.0%** |  | $**258771691** |

---

------

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional**<br> **Amount**<br> **(000)** | **Notional**<br> **Amount**<br> **(000)** |<br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency**<br> **Paid/**<br> **Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 700 | 01/15/2025 | 4.028% | CPI# | Maturity | $19931 | $— | $19931 |
| USD | 450 | 01/15/2025 | 2.565% | CPI# | Maturity | 39336 |  | 39336 |
| USD | 225 | 01/15/2025 | 2.585% | CPI# | Maturity | 19491 |  | 19491 |
| USD | 225 | 01/15/2025 | 2.613% | CPI# | Maturity | 19246 |  | 19246 |
| USD | 850 | 01/15/2027 | CPI# | 3.466% | Maturity | (26536) | (935) | (25601) |
| USD | 800 | 01/15/2027 | CPI# | 3.320% | Maturity | (32070) |  | (32070) |
| USD | 670 | 01/15/2027 | CPI# | 3.323% | Maturity | (26737) |  | (26737) |
| USD | 1310 | 01/15/2029 | CPI# | 3.290% | Maturity | (34876) |  | (34876) |
| USD | 560 | 01/15/2029 | CPI# | 3.735% | Maturity | 5474 |  | 5474 |
| USD | 875 | 01/15/2030 | 1.714% | CPI# | Maturity | 131915 |  | 131915 |
| USD | 875 | 01/15/2030 | 1.731% | CPI# | Maturity | 130566 |  | 130566 |
| USD | 425 | 01/15/2030 | 1.572% | CPI# | Maturity | 69504 |  | 69504 |
| USD | 425 | 01/15/2030 | 1.587% | CPI# | Maturity | 68933 |  | 68933 |
| USD | 500 | 01/15/2031 | 2.782% | CPI# | Maturity | 30773 |  | 30773 |
| USD | 430 | 01/15/2031 | 2.989% | CPI# | Maturity | 17846 |  | 17846 |
| USD | 320 | 01/15/2031 | 2.680% | CPI# | Maturity | 22820 |  | 22820 |
| USD | 560 | 01/15/2032 | CPI# | 3.064% | Maturity | (16012) |  | (16012) |
| USD | 380 | 04/15/2032 | CPI# | 2.909% | Maturity | (15750) |  | (15750) |
| USD | 300 | 04/15/2032 | CPI# | 2.748% | Maturity | (17493) |  | (17493) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406361 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(935) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407296 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**INTEREST RATE SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency**<br> **Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Citibank, NA | USD | 580 | 10/09/2029 | 1.125% | SIFMA\* | Quarterly | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71321 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $71321 |

---

*\** *Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.* 

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At December 31, 2022, the aggregate market value of these securities amounted to $7,135,353 or 2.8% of net assets.* 

*(b)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2022.* 

*(c)* *When-Issued or delayed delivery security.* 

------

*(d)* *Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.* 

*(e)* *Affiliated investments.* 

*(f)* *The rate shown represents the 7-day yield as of period end.* 

*(g)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov, or call AB at (800) 227-4618.* 

*(h)* *As of December 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $906,640 and gross unrealized depreciation of investments was $(7,382,555), resulting in net unrealized depreciation of $(6,475,915).* 

*As of December 31, 2022, the Portfolio's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 1.2% and 0.0%, respectively.* 

*Glossary:* 

*AGM – Assured Guaranty Municipal* 

*COP – Certificate of Participation* 

*CPI – Consumer Price Index* 

*ETM – Escrowed to Maturity* 

*LIBOR – London Interbank Offered Rate* 

*MUNIPSA – SIFMA Municipal Swap Index.* 

*OSF – Order of St. Francis* 

*SOFR – Secured Overnight Financing Rate* 

*UPMC – University of Pittsburgh Medical Center* 

------

**Sanford C. Bernstein Fund, Inc.** 

**Short Duration Diversified Municipal Portfolio** 

**December 31, 2022 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Portfolio. Unobservable inputs reflect the Portfolio's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value
of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

The following table summarizes the valuation of the Portfolio's investments by the above fair value hierarchy levels as of December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Long-Term Municipal Bonds | $— | $246655674 | $&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;— | $246655674 |
| Short-Term Municipal Notes |  | 7530000 |  | 7530000 |
| Corporates - Investment Grade |  | 3855090 |  | 3855090 |
| Corporates - Non-Investment Grade |  | 279411 |  | 279411 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4013107 |  |  | 4013107 |
| Total Investments in Securities | 4013107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258320175 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262333282 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Centrally Cleared Inflation (CPI) Swaps | $— | $575835 | $&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;— | $575835 |
| Interest Rate Swaps |  | 71321 |  | 71321 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Centrally Cleared Inflation (CPI) Swaps |  | (169474) |  | (169474) |
| **Total** | $**4013107** | $**258797857** | $**—** | $**262810964** |

---

*(a)* *Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Portfolio's transactions in AB mutual funds for the three months ended December 31, 2022 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio** | **Market Value**<br> **09/30/2022**<br> **(000)** | **Purchases**<br> **at Cost<br>(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value<br>12/31/2022**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;0 | $&nbsp;&nbsp;&nbsp;&nbsp;66670 | $&nbsp;&nbsp;&nbsp;&nbsp;62657 | $&nbsp;&nbsp;&nbsp;&nbsp;4013 | $&nbsp;&nbsp;&nbsp;&nbsp;93 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BERNSTEIN SANFORD C FUND INC

- **b. Investment Company Act file number:** 811-05555

- **c. CIK number of Registrant:** 0000832808

- **d. LEI of Registrant:** 549300GA5IHQHIM7CU60

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** Short Duration Diversified Municipal Portfolio

- **b. EDGAR series identifier (if any):** S000011062

- **c. LEI of Series:** 5493000QDM8TMHS3HR32

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $264964681.24

**Total Liabilities:** $5749478.06

**Net Assets:** $259215203.18

**Delayed Delivery Securities:** $5469596.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -222.75000000 | **1-Year:** -2174.08000000 | **5-Year:** -905.09000000 | **10-Year:** -24.52000000 | **30-Year:** 0.00000000

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

- **3-Month:** -449.42000000 | **1-Year:** -4149.36000000 | **5-Year:** -2854.70000000 | **10-Year:** -24.52000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030506 | -0.14%               | 1.45%                | 0.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-126509.90              | $-369236.39                                |
| Month 2  | $-298433.85              | $3509466.04                                |
| Month 3  | $-124.47                 | $-61942.89                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES INC                                                          | United Airlines Inc                                                                                                            | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $279411.00    | 0.11%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                           | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                               | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   4013107 | NS      | $4013107.26   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2C1M1   IRS USD R F  3.32000 IS2C1M1 CCPINFLATIONZERO / Short: SS2C1M1   IRS USD P V 12MUSCPI IS2C1N2 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    800000 | OU      | $-32070.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS281C9   IRS USD R V 12MUSCPI IS281D0 CCPINFLATIONZERO / Short: BS281C9   IRS USD P F  2.58500 IS281C9 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    225000 | OU      | $19490.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE                                                                    | CUSIP: 71783DBH7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    800000 | PA      | $804296.00    | 0.31%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Industrial Development Board                                         | BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE                                                                                   | CUSIP: 11023PAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $452170.05    | 0.17%             | 2024-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                    | ATLANTA GA ARPT REVENUE                                                                                                        | CUSIP: 04780MZH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024897.80   | 0.40%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                 | VLG FL CDD #13 SPL ASSMNT REVENUE                                                                                              | CUSIP: 92708HAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243346.48    | 0.09%             | 2024-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                                                                                   | CUSIP: 645780FP7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3960394.80   | 1.53%             | 2034-11-01      | Floating      | 1.20%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS249F6   IRS USD R V 12MUSCPI IS249G7 CCPINFLATIONZERO / Short: BS249F6   IRS USD P F  1.71400 IS249F6 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    875000 | OU      | $131914.51    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Florida                                                             | FLORIDA ST BRD OF EDU PUBLIC EDU                                                                                               | CUSIP: 34153QRX6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1204379.21   | 0.46%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593Y89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027244.80   | 0.78%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                                                                                             | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     62498 | PA      | $62497.91     | 0.02%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                    | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                     | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5217871.00   | 2.01%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                    | OHIO ST TURNPIKE COMMISSION                                                                                                    | CUSIP: 67760HNM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3143057.10   | 1.21%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bloomfield Hills School District                                             | BLOOMFIELD HILLS MI SCH DIST                                                                                                   | CUSIP: 093887NS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $637018.98    | 0.25%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                     | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                              | CUSIP: 414009MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025682.20   | 0.40%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                                                                                | CUSIP: 70870JEM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969704.70    | 0.37%             | 2047-11-15      | Floating      | 1.17%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                 | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                               | CUSIP: 95648VBJ7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97608.38     | 0.04%             | 2045-07-01      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE                                                                                 | CUSIP: 71780TAK9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045391.90   | 0.40%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                           | DETROIT MI                                                                                                                     | CUSIP: 2510933B4<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    770000 | PA      | $771681.60    | 0.30%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                           | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FE91<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    915000 | PA      | $916995.98    | 0.35%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                      | LOUISIANA STADIUM & EXPOSITION DIST LA                                                                                         | CUSIP: 546410CF6<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002456.20   | 0.77%             | 2023-07-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57584YW54<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    365000 | PA      | $366903.07    | 0.14%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                      | HAWAII ST ARPTS SYS REVENUE                                                                                                    | CUSIP: 419794H70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2196819.14   | 0.85%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Authority                                                 | TOBACCO SETTLEMENT AUTH WA TOBACCO SETTLEMENT REVENUE                                                                          | CUSIP: 88880MAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $861986.80    | 0.33%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                  | WASHINGTON ST HLTH CARE FACS AUTH                                                                                              | CUSIP: 93978HXQ3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254121.73    | 0.10%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                  | WASHINGTON ST HLTH CARE FACS AUTH                                                                                              | CUSIP: 93978HXT7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    285000 | PA      | $303099.41    | 0.12%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2C596   IRS USD R F  3.46600 IS2C596 CCPINFLATIONZERO / Short: SS2C596   IRS USD P V 12MUSCPI IS2C5A7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    850000 | OU      | $-26535.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                           | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE                                                                           | CUSIP: 88283LJV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2184628.33   | 0.84%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE                                                                                 | CUSIP: 71780TAL7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    850000 | PA      | $898509.59    | 0.35%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                 | CUSIP: 650116DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1619052.80   | 0.62%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA INDL DEV AUTH HOSP REVENUE                                                                                             | CUSIP: 04052EBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1326922.74   | 0.51%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                           | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FD27<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4880000 | PA      | $4837633.30   | 1.87%             | 2023-03-15      | Fixed         | 0.27%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593Y97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058275.00   | 0.79%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA CA REVENUES                                                                                                 | CUSIP: 91412HLK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546724.10   | 0.60%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                                                                                             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407546.88    | 0.16%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                  | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                   | CUSIP: 928104MK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $518146.82    | 0.20%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                           | UNIV OF TEXAS TX UNIV REVENUES                                                                                                 | CUSIP: 91514AET8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1621795.10   | 0.63%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2BYW9   IRS USD R F  2.90900 IS2BYW9 CCPINFLATIONZERO / Short: SS2BYW9   IRS USD P V 12MUSCPI IS2BYX0 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    380000 | OU      | $-15750.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                  | BROWARD CNTY FL ARPT SYS REVENUE                                                                                               | CUSIP: 114894ZM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913429.70    | 0.35%             | 2026-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                     | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                              | CUSIP: 414009PN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1916401.24   | 0.74%             | 2032-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS283G7   IRS USD R V 12MUSCPI IS283H8 CCPINFLATIONZERO / Short: BS283G7   IRS USD P F  2.61250 IS283G7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    225000 | OU      | $19246.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Connecticut                                                         | CONNECTICUT ST                                                                                                                 | CUSIP: 20772KFR5<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027562.30   | 0.40%             | 2024-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                   | BREVARD CNTY FL HLTH FACS AUTH REVENUE                                                                                         | CUSIP: 107416QQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2171091.04   | 0.84%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                              | PIEDMONT SC MUNI PWR AGY ELEC REVENUE                                                                                          | CUSIP: 720175YZ5<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1536974.15   | 0.59%             | 2024-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County Transportation Authority                                       | ORANGE CNTY CA TRANSPRTN AUTH                                                                                                  | CUSIP: 68441VAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078501.00   | 0.80%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                         | DIST OF COLUMBIA REVENUE                                                                                                       | CUSIP: 25483VWK6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2240837.28   | 0.86%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                         | TRIBOROUGH NY BRIDGE & TUNNELAUTH PAYROLL MOBILITY TAX                                                                         | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007337.80   | 0.39%             | 2026-04-01      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                           | WISCONSIN ST                                                                                                                   | CUSIP: 97705MWY7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027683.80   | 0.40%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Asset Liability Commission                                          | KENTUCKY ST ASSET/LIABILITY COMMISSION AGY FUND REVENUE                                                                        | CUSIP: 49118NFS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012278.40   | 0.39%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS2AU39   IRS USD R V 12MUSCPI IS2AU40 CCPINFLATIONZERO / Short: BS2AU39   IRS USD P F  2.68000 IS2AU39 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    320000 | OU      | $22820.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                      | John Deere Capital Corp                                                                                                        | CUSIP: 24422EVT3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997740.00    | 0.38%             | 2023-07-10      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                 | CLARK CNTY NV SCH DIST                                                                                                         | CUSIP: 181059V29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2345611.09   | 0.90%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57584YM30<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    240000 | PA      | $233818.63    | 0.09%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bloomfield Hills School District                                             | BLOOMFIELD HILLS MI SCH DIST                                                                                                   | CUSIP: 093887NQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $722283.00    | 0.28%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                           | CUSIP: 45471CBH0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    650000 | PA      | $651925.24    | 0.25%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                       | CUSIP: 79766DSH3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1937582.26   | 0.75%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN/St Paul Housing & Redevelopment Authority             | MINNEAPOLIS MN & SAINT PAUL MN HSG & REDEV AUTH HLTH CARE                                                                      | CUSIP: 603695FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1770000.00   | 0.68%             | 2034-11-15      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                                                                                    | CUSIP: 452153DD8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520815.35   | 0.59%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |    580000 | OU      | $71321.21     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                          | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY                                                                    | CUSIP: 92778VKM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1697417.24   | 0.65%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                    | SALT LAKE CITY UT ARPT REVENUE                                                                                                 | CUSIP: 795576JM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3412855.50   | 1.32%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                                               | DELAWARE RIVER & BAY AUTH DE REVENUE                                                                                           | CUSIP: 246317HP9<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |    820000 | PA      | $835992.38    | 0.32%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                        | FRANKLIN CNTY OH HOSP REVENUE                                                                                                  | CUSIP: 3531868M4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1921421.80   | 0.74%             | 2033-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE                                                                                 | CUSIP: 71780TAJ2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506127.15    | 0.20%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                              | PIEDMONT SC MUNI PWR AGY ELEC REVENUE                                                                                          | CUSIP: 720175ZA9<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1259638.38   | 0.49%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57584YL80<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    220000 | PA      | $219437.61    | 0.08%             | 2023-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                          | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                  | CUSIP: 97712JEG4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966650.80    | 0.37%             | 2054-08-15      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                   | CUSIP: 167593Y71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.12%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                        | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                  | CUSIP: 140427BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018115.30   | 0.39%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                 | HONOLULU CITY & CNTY HI                                                                                                        | CUSIP: 438687UD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2770530.18   | 1.07%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                          | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE                                                                       | CUSIP: 54659LAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1855000.00   | 0.72%             | 2039-10-01      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                               | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                        | CUSIP: 6461366A4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    490000 | PA      | $507264.32    | 0.20%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                | SALES TAX SECURITIZATION CORP IL                                                                                               | CUSIP: 79467BCR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2890037.47   | 1.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Economic Development Finance Authority                            | WASHINGTON ST ECON DEV FIN AUTH ENVRNMNYL FACS REVENUE                                                                         | CUSIP: 93975YAN1<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997866.20   | 0.77%             | 2042-12-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                                                                                        | CUSIP: 340618DE4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2991441.00   | 1.15%             | 2056-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                     | MECKLENBURG CNTY NC                                                                                                            | CUSIP: 584002YH6<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1872770.17   | 0.72%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                               | FLORIDA ST MUNI PWR AGY                                                                                                        | CUSIP: 342816S22<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872621.30    | 0.34%             | 2026-10-01      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                  | WASHINGTON ST HLTH CARE FACS AUTH                                                                                              | CUSIP: 93978HXR1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    195000 | PA      | $202041.29    | 0.08%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                      | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                                                                      | CUSIP: 0418063B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $477835.70    | 0.18%             | 2056-06-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261AM20<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1765382.50   | 0.68%             | 2035-11-01      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                  | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                  | CUSIP: 592647HD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7230000 | PA      | $7421881.31   | 2.86%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                    | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM                                                                   | CUSIP: 864809BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2291566.86   | 0.88%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                               | LOWER AL GAS DIST GAS PROJ REVENUE                                                                                             | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4960465.50   | 1.91%             | 2050-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                         | KANSAS ST DEV FIN AUTH REVENUE                                                                                                 | CUSIP: 48542RSG0<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1421524.35   | 0.55%             | 2024-05-01      | Fixed         | 0.66%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                          | S E MISSOURI ST UNIV                                                                                                           | CUSIP: 841438LU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1328565.68   | 0.51%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                   | ILLINOIS ST FIN AUTH REVENUE                                                                                                   | CUSIP: 45204FEH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2134842.68   | 0.82%             | 2050-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2D890   IRS USD R F  3.32300 IS2D890 CCPINFLATIONZERO / Short: SS2D890   IRS USD P V 12MUSCPI IS2D8A1 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    670000 | OU      | $-26737.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA INDL DEV AUTH HOSP REVENUE                                                                                             | CUSIP: 04052EBB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1146013.11   | 0.44%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Hospital Authority/PA                                          | MONROE CNTY PA HOSP AUTH                                                                                                       | CUSIP: 610773FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1033558.14   | 0.40%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                        | SAINT JAMES PARISH LA REVENUE                                                                                                  | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111471.54    | 0.04%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                            | MARYLAND ST                                                                                                                    | CUSIP: 574193PC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $3033536.53   | 1.17%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                           | CHICAGO IL                                                                                                                     | CUSIP: 167486F46<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019226.10   | 0.39%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2B560   IRS USD R F  2.74800 IS2B560 CCPINFLATIONZERO / Short: SS2B560   IRS USD P V 12MUSCPI IS2B571 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    300000 | OU      | $-17493.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| YMCA OF GREATER NY                                                           | YMCA of Greater New York                                                                                                       | CUSIP: 98425BAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $889780.00    | 0.34%             | 2026-08-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                    | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM                                                                   | CUSIP: 864809BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2321195.18   | 0.90%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                       | LOS ANGELES CA UNIF SCH DIST                                                                                                   | CUSIP: 544647BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1934922.89   | 0.75%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                    | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                  | CUSIP: 84131TAQ5<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2092640.34   | 0.81%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                      | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                                | CUSIP: 2350367F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1421993.14   | 0.55%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                                                                                  | CUSIP: 13063DG51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4613130.53   | 1.78%             | 2024-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                 | HONOLULU CITY & CNTY HI                                                                                                        | CUSIP: 438687UC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2401425.32   | 0.93%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                            | GUAM INTERNATIONAL ARPT AUTH                                                                                                   | CUSIP: 40064RED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $551057.10    | 0.21%             | 2026-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PTT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $178548.90    | 0.07%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2CQM6   IRS USD R F  3.29000 IS2CQM6 CCPINFLATIONZERO / Short: SS2CQM6   IRS USD P V 12MUSCPI IS2CQN7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1310000 | OU      | $-34875.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                   | PIMA CNTY AZ INDL DEV AUTH SENIOR LIVING REVENUE                                                                               | CUSIP: 72178AAM4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498681.40    | 0.19%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Guam Department of Education                                                 | GUAM GOVT DEPT OF EDU COPS                                                                                                     | CUSIP: 40065AAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1324944.62   | 0.51%             | 2025-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                   | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                                   | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2031533.71   | 0.78%             | 2039-01-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                  | VIRGINIA ST SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REVE                                                                   | CUSIP: 92810RAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1992887.40   | 0.77%             | 2052-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                              | LOUISIANA ST GAS & FUELS TAX REVENUE                                                                                           | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $970021.12    | 0.37%             | 2043-05-01      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| Bloomfield Hills School District                                             | BLOOMFIELD HILLS MI SCH DIST                                                                                                   | CUSIP: 093887NR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $808640.97    | 0.31%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                         | COLORADO ST HLTH FACS AUTH REVENUE                                                                                             | CUSIP: 19648FPD0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2017028.79   | 0.78%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                                                                                     | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1751307.80   | 0.68%             | 2049-11-01      | Floating      | 0.55%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                            | SPARKS NV TOURISM IMPT DIST #1 REVENUE                                                                                         | CUSIP: 846562AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $63038.40     | 0.02%             | 2024-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                        | SAINT JAMES PARISH LA REVENUE                                                                                                  | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106163.37    | 0.04%             | 2040-12-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                         | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                        | CUSIP: 89602HDT1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6925000 | PA      | $7156308.16   | 2.76%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                         | DIST OF COLUMBIA REVENUE                                                                                                       | CUSIP: 25483VWL4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    855000 | PA      | $890074.41    | 0.34%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                            | DENVER CITY & CNTY CO ARPT REVENUE                                                                                             | CUSIP: 249182QF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4363615.60   | 1.68%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59261AE78<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1260920.30   | 0.49%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                         | MILWAUKEE WI                                                                                                                   | CUSIP: 602366C87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3929581.39   | 1.52%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                  | WASHINGTON ST HLTH CARE FACS AUTH                                                                                              | CUSIP: 93978HXS9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    275000 | PA      | $288978.00    | 0.11%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                     | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                              | CUSIP: 414009PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2671080.25   | 1.03%             | 2032-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57584YA90<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    195000 | PA      | $204404.56    | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                      | WASHINGTON CNTY OH HOSP REVENUE                                                                                                | CUSIP: 938154DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $173863.24    | 0.07%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS249D4   IRS USD R V 12MUSCPI IS249E5 CCPINFLATIONZERO / Short: BS249D4   IRS USD P F  1.73100 IS249D4 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    875000 | OU      | $130566.39    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                  | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                                   | CUSIP: 928104MH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.35%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                         | CHARLOTTE NC ARPT REVENUE                                                                                                      | CUSIP: 161036RZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $898071.91    | 0.35%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fayetteville AR Sales & Use Tax Revenue                              | FAYETTEVILLE AR SALES & USE TAX CAPITAL IMPT                                                                                   | CUSIP: 312673FG6<br>LEI: 5493005PJCLNCCO7GU16 | Long             | DBT              | MUN               | US        |    395000 | PA      | $394726.23    | 0.15%             | 2032-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                         | MILWAUKEE WI                                                                                                                   | CUSIP: 602366WU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1445043.42   | 0.56%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                         | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                                                                                    | CUSIP: 88880LAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    231892 | PA      | $208099.89    | 0.08%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                           | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                           | CUSIP: 64990FF33<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    420000 | PA      | $421006.66    | 0.16%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                    | COBB CNTY GA KENNESTONE HOSP AUTH                                                                                              | CUSIP: 190813SE6<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1204430.88   | 0.46%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                     | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                          | CUSIP: 592250EF7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991340.40    | 0.38%             | 2024-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                               | E-470 CO PUBLIC HIGHWAY AUTH                                                                                                   | CUSIP: 26822LMV3<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1488698.70   | 0.57%             | 2039-09-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                | N TX TOLLWAY AUTH REVENUE                                                                                                      | CUSIP: 66285WK21<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2305189.38   | 0.89%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ                                                          | GLENDALE AZ COPS                                                                                                               | CUSIP: 37828AAA7<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1881799.80   | 0.73%             | 2024-07-01      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2DII9   IRS USD R F  3.06350 IS2DII9 CCPINFLATIONZERO / Short: SS2DII9   IRS USD P V 12MUSCPI IS2DIJ0 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    560000 | OU      | $-16011.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue      | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX                                                                                | CUSIP: 41422EHD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1098246.92   | 0.42%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                          | WASHINGTON ST                                                                                                                  | CUSIP: 93974ECZ7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062545.20   | 0.80%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS23W54   IRS USD R V 12MUSCPI IS23W65 CCPINFLATIONZERO / Short: BS23W54   IRS USD P F  1.58700 IS23W54 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    425000 | OU      | $68933.44     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                | MASSACHUSETTS ST SPL OBLG REVENUE                                                                                              | CUSIP: 576004HG3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965470.20    | 0.37%             | 2031-07-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Hotel Occupancy Tax Revenue                                | DALLAS TX HOTEL OCCUPANCY TAX REVENUE                                                                                          | CUSIP: 235286AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1966142.66   | 0.76%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS2DIG7   IRS USD R V 12MUSCPI IS2DIH8 CCPINFLATIONZERO / Short: BS2DIG7   IRS USD P F  4.02750 IS2DIG7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    700000 | OU      | $19930.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Florida Keys Aqueduct Authority                                              | FLORIDA KEYS AQUEDUCT AUTH FL WTR REVENUE                                                                                      | CUSIP: 340765HC3<br>LEI: 549300EMJ277J3MYQ645 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1905000.00   | 0.73%             | 2035-09-01      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS23XF1   IRS USD R V 12MUSCPI IS23XG2 CCPINFLATIONZERO / Short: BS23XF1   IRS USD P F  1.57200 IS23XF1 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    425000 | OU      | $69503.94     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                                                                     | CUSIP: 74442PML6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    360000 | PA      | $361064.88    | 0.14%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                         | CHARLOTTE NC ARPT REVENUE                                                                                                      | CUSIP: 161036SA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1044652.28   | 0.40%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI Sewage Disposal System Revenue                            | DETROIT MI SWR DISP SYS REVENUE                                                                                                | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2474403.25   | 0.95%             | 2032-07-01      | Floating      | 3.11%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                       | General Motors Financial Co Inc                                                                                                | CUSIP: 37045XDT0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974360.00    | 0.38%             | 2025-04-07      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                            | MICHIGAN ST BLDG AUTH REVENUE                                                                                                  | CUSIP: 594615AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033619.00   | 0.78%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                              | KENTUCKY ST ECON DEV FIN AUTH                                                                                                  | CUSIP: 49126KJS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021516.60   | 0.39%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                               | TEXAS ST                                                                                                                       | CUSIP: 8827235Z8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083646.60   | 0.42%             | 2026-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS2BFX7   IRS USD R V 12MUSCPI IS2BFY8 CCPINFLATIONZERO / Short: BS2BFX7   IRS USD P F  2.78200 IS2BFX7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    500000 | OU      | $30773.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                                                                                  | CUSIP: 34061WBQ6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $919088.39    | 0.35%             | 2026-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                        | SAINT JAMES PARISH LA REVENUE                                                                                                  | CUSIP: 790103AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102333.43    | 0.04%             | 2041-08-01      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                      | PALM BEACH CNTY FL REVENUE                                                                                                     | CUSIP: 696547CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.77%             | 2032-07-01      | Floating      | 3.68%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                | ALLENTOWN PA NEIGHBORHOOD IMPTZONE DEV AUTH TAX REV                                                                            | CUSIP: 018444AZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175518.91    | 0.07%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp                                         | NTHRN AK TOBACCO SECURITIZATION CORP TOBACCO SETTLEMENT REVE                                                                   | CUSIP: 66585VBZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $113959.19    | 0.04%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                                                                                  | CUSIP: 154872AT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    810000 | PA      | $807887.52    | 0.31%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                   | CUSIP: 646140DM2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1082263.84   | 0.42%             | 2024-01-01      | Fixed         | 0.64%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                    | CUSIP: 38122ND74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $231700.25    | 0.09%             | 2031-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                             | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                | CUSIP: 74440DAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4991219.00   | 1.93%             | 2048-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri           | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                                                                           | CUSIP: 60635HR76<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    940000 | PA      | $943083.39    | 0.36%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: SS2EQS8   IRS USD R F  3.73500 IS2EQS8 CCPINFLATIONZERO / Short: SS2EQS8   IRS USD P V 12MUSCPI IS2EQT9 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    560000 | OU      | $5473.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                    | OHIO ST TURNPIKE COMMISSION                                                                                                    | CUSIP: 67760HNL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2559330.00   | 0.99%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                       | OHIO ST AIR QUALITY DEV AUTH                                                                                                   | CUSIP: 677525WR4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1843452.00   | 0.71%             | 2026-02-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                  | BROWARD CNTY FL ARPT SYS REVENUE                                                                                               | CUSIP: 114894TM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029151.60   | 0.78%             | 2038-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                     | CAPITAL TRUST AGY FL EDUCTNL FACS LEASE REVENUE                                                                                | CUSIP: 14054DAA5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    365000 | PA      | $363919.93    | 0.14%             | 2023-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS281O1   IRS USD R V 12MUSCPI IS281P2 CCPINFLATIONZERO / Short: BS281O1   IRS USD P F  2.56500 IS281O1 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    450000 | OU      | $39336.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                  | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                              | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3967250.40   | 1.53%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                     | Caterpillar Financial Services Corp                                                                                            | CUSIP: 14913R2R7<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993210.00    | 0.38%             | 2024-09-13      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Augusta Development Authority                                                | AUGUSTA GA DEV AUTH REVENUE                                                                                                    | CUSIP: 05115CAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984318.70    | 0.38%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue        | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                      | CUSIP: 343137CQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1104219.03   | 0.43%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Jefferson NJ                                                     | JEFFERSON TWP NJ                                                                                                               | CUSIP: 475322MB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995994.00   | 0.77%             | 2023-06-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | MET TRANSPRTN AUTH NY REVENUE                                                                                                  | CUSIP: 59259Y6L8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    940000 | PA      | $959387.22    | 0.37%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                          | WASHINGTON ST                                                                                                                  | CUSIP: 93974EDA1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2639579.50   | 1.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                  | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2153440.86   | 0.83%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No 81 Spokane                                 | SPOKANE CNTY WA SCH DIST #81 SPOKANE                                                                                           | CUSIP: 848712RS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5035000 | PA      | $5132560.17   | 1.98%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                     | ARIZONA INDL DEV AUTH HOSP REVENUE                                                                                             | CUSIP: 04052EAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1952616.90   | 0.75%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coppell Independent School District                                          | COPPELL TX INDEP SCH DIST                                                                                                      | CUSIP: 217490AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2162633.52   | 0.83%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                    | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                     | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2066074.96   | 0.80%             | 2042-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                           | WISCONSIN ST                                                                                                                   | CUSIP: 97705MSR7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3296863.90   | 1.27%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                           | CUSIP: 57584YA74<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303614.19    | 0.12%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                                                                                         | CUSIP: 74443QAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004733.00   | 0.77%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                                                                                             | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125942.28    | 0.05%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                  | Long: BS2CZ96   IRS USD R V 12MUSCPI IS2CZA7 CCPINFLATIONZERO / Short: BS2CZ96   IRS USD P F  2.98850 IS2CZ96 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    430000 | OU      | $17845.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Houston Independent School District                                          | HOUSTON TX INDEP SCH DIST                                                                                                      | CUSIP: 442403PP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2034745.94   | 0.78%             | 2029-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-02

**Name of Applicant:** BERNSTEIN SANFORD C FUND INC

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer