# EDGAR Filing Document

**Accession Number:** 0001166729
**File Stem:** 0001752724-25-203783
**Filing Date:** 2025-8
**Character Count:** 361025
**Document Hash:** 1c183dd9cabbcf4f34d58c9b8d70dd3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203783.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203783

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERNSTEIN SANFORD C FUND II INC
- **CENTRAL INDEX KEY:** 0001166729

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21034
- **FILM NUMBER:** 251253542

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

## Series and Classes Contracts Data

### Bernstein Intermediate Duration Institutional Portfolio (Series ID: S000011063)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000030507 | Bernstein Intermediate Duration Institutional Portfolio | SIIDX           |

## Nport-Ex

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

**Schedule of Investments** 

**Intermediate Duration Institutional Portfolio** 

**June 30, 2025 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - TREASURIES – 28.7%** | **GOVERNMENTS - TREASURIES – 28.7%** | **GOVERNMENTS - TREASURIES – 28.7%** | **GOVERNMENTS - TREASURIES – 28.7%** |
|  **Japan – 1.0%** | **Japan – 1.0%** | **Japan – 1.0%** | **Japan – 1.0%** |
|  Japan Government Thirty Year Bond <br>Series 86 <br>2.40%, 03/20/2055 | JPY | 1270600 | $8092206 |
|  **United States – 27.7%** | **United States – 27.7%** | **United States – 27.7%** | **United States – 27.7%** |
|  U.S. Treasury Bonds<br>1.875%, 02/15/2051 | U.S.$| 3799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2137900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/2051 |  | 9349 | 5399279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/2046 |  | 2357 | 1545676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/2049 |  | 13313 | 8361834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/15/2052 |  | 1672 | 1022806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 11/15/2049 |  | 4905 | 3159318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/2046 |  | 932 | 646466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/15/2046 |  | 5327 | 3682982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 08/15/2045 |  | 51 | 38464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 11/15/2046 |  | 387 | 285186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/2052 |  | 2950 | 2079564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/2045 |  | 129 | 98518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/2045 |  | 363 | 276917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/2047<sup>(a)</sup> |  | 1447 | 1084628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/2048 |  | 5490 | 4083402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/2042 |  | 1539 | 1274169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 08/15/2042 |  | 6591 | 5536519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/2039 |  | 8105 | 7317295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/2043 |  | 1943 | 1672539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/2053 |  | 4596 | 3756903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/2053 |  | 4008 | 3273000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/15/2043 |  | 295 | 257883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/2043 |  | 3999 | 3581336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 05/15/2043 |  | 999 | 892834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/2042 |  | 5931 | 5414684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/2053 |  | 3432 | 3070210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/2054 |  | 5131 | 4688324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/2038 |  | 899 | 897436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/2039 |  | 10740 | 10528556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/2043 |  | 7123 | 6797083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/2044 |  | 5053 | 4887009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/2044 |  | 2775 | 2724321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/2054 |  | 1354 | 1317152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/2037 |  | 1525 | 1587191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/2043 |  | 7167 | 7167020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/2053 |  | 4499 | 4465135 |
|  U.S. Treasury Notes<br>2.625%, 02/15/2029 |  | 3914 | 3768737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/30/2028 |  | 8269 | 8222313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/31/2028 |  | 18838 | 18849574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 12/31/2027 |  | 7359 | 7389083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/29/2028 |  | 3062 | 3084386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/31/2029 |  | 6400 | 6485797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/2029 |  | 16977 | 17275627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/2029 |  | 12176 | 12400801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/30/2028 |  | 6169 | 6296995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/2034 |  | 1996 | 2027710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2033 |  | 13172 | 13532995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/2028 |  | 8685 | 8924002 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/31/2028 | U.S.$| 12567 | $| 13018419 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236285978 |
|  Total Governments - Treasuries <br>(cost $269,642,737) | Total Governments - Treasuries <br>(cost $269,642,737) | Total Governments - Treasuries <br>(cost $269,642,737) |  | 244378184 |
|  **CORPORATES - INVESTMENT GRADE – 25.3%** | **CORPORATES - INVESTMENT GRADE – 25.3%** | **CORPORATES - INVESTMENT GRADE – 25.3%** | **CORPORATES - INVESTMENT GRADE – 25.3%** | **CORPORATES - INVESTMENT GRADE – 25.3%** |
|  **Industrial – 13.4%** | **Industrial – 13.4%** | **Industrial – 13.4%** | **Industrial – 13.4%** | **Industrial – 13.4%** |
|  **Basic – 0.7%** | **Basic – 0.7%** | **Basic – 0.7%** | **Basic – 0.7%** | **Basic – 0.7%** |
|  Freeport Indonesia PT <br>4.763%, 04/14/2027<sup>(b)</sup> |  | 324 |  | 323903 |
|  Glencore Funding LLC<br>4.907%, 04/01/2028<sup>(b)</sup> |  | 841 |  | 849217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.186%, 04/01/2030<sup>(b)</sup> |  | 356 |  | 362967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.338%, 04/04/2027<sup>(b)</sup> |  | 509 |  | 516279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/06/2033<sup>(b)</sup> |  | 390 |  | 422588 |
|  LYB International Finance III LLC <br>6.15%, 05/15/2035 |  | 334 |  | 346592 |
|  Nexa Resources SA <br>6.75%, 04/09/2034<sup>(b)</sup> |  | 441 |  | 459191 |
|  OCP SA <br>6.10%, 04/30/2030<sup>(b)</sup> |  | 689 |  | 696751 |
|  Smurfit Westrock Financing DAC <br>5.418%, 01/15/2035 |  | 215 |  | 217707 |
|  WRKCo, Inc. <br>4.00%, 03/15/2028 |  | 1732 |  | 1715667 |
|  |  |  |  | 5910862 |
|  **Capital Goods – 1.2%** | **Capital Goods – 1.2%** | **Capital Goods – 1.2%** | **Capital Goods – 1.2%** | **Capital Goods – 1.2%** |
|  Boeing Co. (The) <br>3.25%, 02/01/2028 |  | 970 |  | 940842 |
|  Caterpillar Financial Services Corp.<br>4.45%, 10/16/2026 |  | 1888 |  | 1897553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/08/2030 |  | 44 |  | 45060 |
|  Regal Rexnord Corp. <br>6.05%, 02/15/2026 |  | 1381 |  | 1388692 |
|  Republic Services, Inc. <br>4.75%, 07/15/2030 |  | 2083 |  | 2122161 |
|  Waste Management, Inc. <br>4.50%, 03/15/2028 |  | 1884 |  | 1903726 |
|  Westinghouse Air Brake Technologies Corp. <br>4.90%, 05/29/2030 |  | 2075 |  | 2102784 |
|  |  |  |  | 10400818 |
|  **Communications - Media – 0.5%** | **Communications - Media – 0.5%** | **Communications - Media – 0.5%** | **Communications - Media – 0.5%** | **Communications - Media – 0.5%** |
|  Charter Communications Operating LLC/Charter Communications Operating Capital<br>2.25%, 01/15/2029 |  | 537 |  | 494873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/2049 |  | 467 |  | 387876 |
|  Discovery Communications LLC <br>5.20%, 09/20/2047 |  | 509 |  | 328198 |
|  Prosus NV<br>3.061%, 07/13/2031<sup>(b)</sup> |  | 1862 |  | 1647870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.257%, 01/19/2027<sup>(b)</sup> |  | 489 |  | 478150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.68%, 01/21/2030<sup>(b)</sup> |  | 220 |  | 206635 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Time Warner Cable LLC <br>4.50%, 09/15/2042 | U.S.$| 505 | $| 402005 |
|  |  |  |  | 3945607 |
|  **Communications - Telecommunications – 0.1%** | **Communications - Telecommunications – 0.1%** | **Communications - Telecommunications – 0.1%** | **Communications - Telecommunications – 0.1%** | **Communications - Telecommunications – 0.1%** |
|  AT&T, Inc. <br>4.50%, 05/15/2035 |  | 408 |  | 388738 |
|  T-Mobile USA, Inc. <br>3.875%, 04/15/2030 |  | 352 |  | 341775 |
|  |  |  |  | 730513 |
|  **Consumer Cyclical - Automotive – 1.4%** | **Consumer Cyclical - Automotive – 1.4%** | **Consumer Cyclical - Automotive – 1.4%** | **Consumer Cyclical - Automotive – 1.4%** | **Consumer Cyclical - Automotive – 1.4%** |
|  BMW US Capital LLC<br>4.60%, 08/13/2027<sup>(b)</sup> |  | 1889 |  | 1899408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/19/2027<sup>(b)</sup> |  | 188 |  | 189034 |
|  Ford Motor Co. <br>3.25%, 02/12/2032 |  | 1299 |  | 1095317 |
|  Ford Motor Credit Co. LLC<br>2.70%, 08/10/2026 |  | 215 |  | 209348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.918%, 03/20/2028 |  | 298 |  | 300986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/08/2034 |  | 526 |  | 511772 |
|  General Motors Co. <br>6.125%, 10/01/2025 |  | 174 |  | 174360 |
|  General Motors Financial Co., Inc. <br>5.75%, 02/08/2031 |  | 1837 |  | 1887389 |
|  Harley-Davidson Financial Services, Inc.<br>3.05%, 02/14/2027<sup>(b)</sup> |  | 1610 |  | 1565049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/11/2029<sup>(b)</sup> |  | 27 |  | 27462 |
|  Honda Motor Co., Ltd. <br>4.436%, 07/08/2028 |  | 2110 |  | 2112469 |
|  Hyundai Capital America<br>4.30%, 09/24/2027<sup>(b)</sup> |  | 35 |  | 34721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/08/2027<sup>(b)</sup> |  | 443 |  | 447142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/19/2027<sup>(b)</sup> |  | 513 |  | 518756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/21/2028<sup>(b)</sup> |  | 871 |  | 905343 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11878556 |
|  **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** |
|  Hasbro, Inc. <br>6.05%, 05/14/2034 |  | 450 |  | 464040 |
|  **Consumer Cyclical - Other – 0.7%** | **Consumer Cyclical - Other – 0.7%** | **Consumer Cyclical - Other – 0.7%** | **Consumer Cyclical - Other – 0.7%** | **Consumer Cyclical - Other – 0.7%** |
|  DR Horton, Inc.<br>4.85%, 10/15/2030 |  | 763 |  | 769798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/2034 |  | 1134 |  | 1122207 |
|  JH North America Holdings, Inc. <br>5.875%, 01/31/2031<sup>(b)</sup> |  | 470 |  | 474117 |
|  Las Vegas Sands Corp.<br>5.625%, 06/15/2028 |  | 568 |  | 579525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/14/2030 |  | 435 |  | 448659 |
|  Marriott International, Inc./MD<br>4.90%, 04/15/2029 |  | 1017 |  | 1034370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/2032 |  | 47 |  | 47605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/2034 |  | 335 |  | 339013 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/2035 | U.S.$| 508 | $| 512186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/2037 |  | 148 |  | 148021 |
|  MDC Holdings, Inc. <br>6.00%, 01/15/2043 |  | 968 |  | 872710 |
|  |  |  |  | 6348211 |
|  **Consumer Cyclical - Restaurants – 0.2%** | **Consumer Cyclical - Restaurants – 0.2%** | **Consumer Cyclical - Restaurants – 0.2%** | **Consumer Cyclical - Restaurants – 0.2%** | **Consumer Cyclical - Restaurants – 0.2%** |
|  Starbucks Corp. <br>4.85%, 02/08/2027 |  | 1837 |  | 1853680 |
|  **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** |
|  Ross Stores, Inc. <br>4.70%, 04/15/2027 |  | 1925 |  | 1927541 |
|  **Consumer Non-Cyclical – 2.7%** | **Consumer Non-Cyclical – 2.7%** | **Consumer Non-Cyclical – 2.7%** | **Consumer Non-Cyclical – 2.7%** | **Consumer Non-Cyclical – 2.7%** |
|  Altria Group, Inc. <br>3.40%, 05/06/2030 |  | 1745 |  | 1657907 |
|  BAT Capital Corp. <br>5.35%, 08/15/2032 |  | 1614 |  | 1650977 |
|  Cargill, Inc. <br>5.125%, 10/11/2032<sup>(b)</sup> |  | 835 |  | 852619 |
|  Cencosud SA <br>5.95%, 05/28/2031<sup>(b)</sup> |  | 363 |  | 373709 |
|  General Mills, Inc.<br>4.70%, 01/30/2027 |  | 496 |  | 498837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/30/2030 |  | 1398 |  | 1420829 |
|  Gilead Sciences, Inc. <br>5.10%, 06/15/2035 |  | 1892 |  | 1914628 |
|  Imperial Brands Finance PLC <br>5.875%, 07/01/2034<sup>(b)</sup> |  | 1460 |  | 1496690 |
|  JBS USA Holding Lux Sarl/JBS USA Food Co/JBS Lux Co. SARL <br>6.75%, 03/15/2034 |  | 784 |  | 856097 |
|  Mars, Inc. <br>4.60%, 03/01/2028<sup>(b)</sup> |  | 1212 |  | 1222060 |
|  Mondelez International, Inc. <br>4.50%, 05/06/2030 |  | 1311 |  | 1309584 |
|  Ochsner LSU Health System of North Louisiana <br>Series 2021 <br>2.51%, 05/15/2031 |  | 1480 |  | 1212253 |
|  Philip Morris International, Inc.<br>4.875%, 02/13/2026 |  | 1753 |  | 1755191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/2033 |  | 1688 |  | 1743383 |
|  Roche Holdings, Inc. <br>4.203%, 09/09/2029<sup>(b)</sup> |  | 1902 |  | 1904377 |
|  Takeda US Financing, Inc. <br>5.20%, 07/07/2035 |  | 2111 |  | 2111169 |
|  Tyson Foods, Inc. <br>5.70%, 03/15/2034 |  | 600 |  | 620814 |
|  Viatris, Inc. <br>2.70%, 06/22/2030 |  | 1050 |  | 935413 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23536537 |
|  **Energy – 2.6%** | **Energy – 2.6%** | **Energy – 2.6%** | **Energy – 2.6%** | **Energy – 2.6%** |
|  ConocoPhillips Co. <br>5.65%, 01/15/2065 |  | 1910 |  | 1813583 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Continental Resources, Inc./OK<br>2.875%, 04/01/2032<sup>(b)</sup> | U.S.$| 1630 | $| 1370537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/2031<sup>(b)</sup> |  | 718 |  | 724527 |
|  Devon Energy Corp. <br>5.20%, 09/15/2034 |  | 1900 |  | 1845242 |
|  Energy Transfer LP <br>5.60%, 09/01/2034 |  | 1831 |  | 1858776 |
|  Eni SpA <br>5.75%, 05/19/2035<sup>(b)</sup> |  | 2092 |  | 2140367 |
|  Kinder Morgan, Inc. <br>5.85%, 06/01/2035 |  | 483 |  | 500557 |
|  Occidental Petroleum Corp. <br>5.20%, 08/01/2029 |  | 578 |  | 579913 |
|  ONEOK, Inc. <br>6.05%, 09/01/2033 |  | 707 |  | 742378 |
|  Plains All American Pipeline LP/PAA Finance Corp. <br>5.70%, 09/15/2034 |  | 1842 |  | 1875064 |
|  Raizen Fuels Finance SA <br>6.70%, 02/25/2037<sup>(b)</sup> |  | 1177 |  | 1152724 |
|  Saudi Arabian Oil Co. <br>5.75%, 07/17/2054<sup>(b)</sup> |  | 772 |  | 718964 |
|  Targa Resources Corp.<br>4.90%, 09/15/2030 |  | 385 |  | 388442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/2036 |  | 425 |  | 428935 |
|  Var Energi ASA<br>7.50%, 01/15/2028<sup>(b)</sup> |  | 1132 |  | 1199705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/15/2032<sup>(b)</sup> |  | 1108 |  | 1255541 |
|  Williams Cos., Inc. (The)<br>4.625%, 06/30/2030 |  | 1242 |  | 1243143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/2029 |  | 855 |  | 865756 |
|  Woodside Finance Ltd.<br>5.40%, 05/19/2030 |  | 308 |  | 312220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/2035 |  | 802 |  | 819107 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21835481 |
|  **Services – 0.4%** | **Services – 0.4%** | **Services – 0.4%** | **Services – 0.4%** | **Services – 0.4%** |
|  Alibaba Group Holding Ltd. <br>2.125%, 02/09/2031 |  | 1255 |  | 1109847 |
|  Mastercard, Inc. <br>4.55%, 01/15/2035 |  | 1365 |  | 1341604 |
|  Moody's Corp. <br>5.00%, 08/05/2034 |  | 960 |  | 969130 |
|  Sodexo, Inc. <br>5.80%, 08/15/2035<sup>(b)</sup> |  | 434 |  | 447484 |
|  |  |  |  | 3868065 |
|  **Technology – 1.8%** | **Technology – 1.8%** | **Technology – 1.8%** | **Technology – 1.8%** | **Technology – 1.8%** |
|  Apple, Inc. <br>4.10%, 08/08/2062 |  | 1148 |  | 904073 |
|  Broadcom, Inc.<br>4.15%, 02/15/2028 |  | 309 |  | 308163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/2027 |  | 707 |  | 717499 |
|  Cisco Systems, Inc. <br>4.75%, 02/24/2030 |  | 2030 |  | 2075107 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Dell International LLC/EMC Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/01/2030 | U.S.$| 1930 | $| 1913904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/2032 |  | 203 |  | 207289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/2035 |  | 413 |  | 417167 |
|  Entegris, Inc. <br>4.75%, 04/15/2029<sup>(b)</sup> |  | 1270 |  | 1257516 |
|  Fiserv, Inc. <br>3.50%, 07/01/2029 |  | 2539 |  | 2444752 |
|  Hewlett Packard Enterprise Co. <br>4.40%, 09/25/2027 |  | 791 |  | 791838 |
|  Infor LLC <br>1.75%, 07/15/2025<sup>(b)</sup> |  | 649 |  | 647987 |
|  International Business Machines Corp. <br>5.00%, 02/10/2032 |  | 2010 |  | 2050763 |
|  Oracle Corp. <br>5.50%, 08/03/2035 |  | 1652 |  | 1688691 |
|  |  |  |  | 15424749 |
|  **Transportation - Airlines – 0.2%** | **Transportation - Airlines – 0.2%** | **Transportation - Airlines – 0.2%** | **Transportation - Airlines – 0.2%** | **Transportation - Airlines – 0.2%** |
|  AS Mileage Plan IP Ltd.<br>5.021%, 10/20/2029<sup>(b)</sup> |  | 710 |  | 702815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.308%, 10/20/2031<sup>(b)</sup> |  | 752 |  | 745668 |
|  Delta Air Lines, Inc./SkyMiles IP Ltd. <br>4.50%, 10/20/2025<sup>(b)</sup> |  | 136 |  | 136226 |
|  |  |  |  | 1584709 |
|  **Transportation - Railroads – 0.1%** | **Transportation - Railroads – 0.1%** | **Transportation - Railroads – 0.1%** | **Transportation - Railroads – 0.1%** | **Transportation - Railroads – 0.1%** |
|  Lima Metro Line 2 Finance Ltd.<br>4.35%, 04/05/2036<sup>(b)</sup> |  | 207 |  | 194653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 07/05/2034<sup>(b)</sup> |  | 330 |  | 334678 |
|  |  |  |  | 529331 |
|  **Transportation - Services – 0.5%** | **Transportation - Services – 0.5%** | **Transportation - Services – 0.5%** | **Transportation - Services – 0.5%** | **Transportation - Services – 0.5%** |
|  ENA Master Trust <br>4.00%, 05/19/2048<sup>(b)</sup> |  | 380 |  | 274907 |
|  ERAC USA Finance LLC <br>4.60%, 05/01/2028<sup>(b)</sup> |  | 517 |  | 522734 |
|  Ryder System, Inc. <br>5.375%, 03/15/2029 |  | 1458 |  | 1499655 |
|  TTX Co. <br>5.50%, 09/25/2026<sup>(b)</sup> |  | 1677 |  | 1698851 |
|  |  |  |  | 3996147 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114234847 |
|  **Financial Institutions – 9.8%** | **Financial Institutions – 9.8%** | **Financial Institutions – 9.8%** | **Financial Institutions – 9.8%** | **Financial Institutions – 9.8%** |
|  **Banking – 8.1%** | **Banking – 8.1%** | **Banking – 8.1%** | **Banking – 8.1%** | **Banking – 8.1%** |
|  AIB Group PLC <br>5.32%, 05/15/2031<sup>(b)</sup> |  | 1621 |  | 1649546 |
|  Ally Financial, Inc.<br>5.543%, 01/17/2031 |  | 291 |  | 294827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.737%, 05/15/2029 |  | 480 |  | 488741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.992%, 06/13/2029 |  | 976 |  | 1026264 |
|  American Express Co. <br>5.098%, 02/16/2028 |  | 1827 |  | 1847919 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Banco Bilbao Vizcaya Argentaria SA<br>5.381%, 03/13/2029 | U.S.$| 400 | $412100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.883%, 11/15/2034 |  | 200 | 227116 |
|  Banco de Credito del Peru SA <br>3.125%, 07/01/2030<sup>(b)</sup> |  | 1447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1447000 |
|  Banco Santander SA<br>3.80%, 02/23/2028 |  | 200 | 196502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.175%, 03/24/2028 |  | 800 | 795096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.921%, 08/08/2033 |  | 800 | 866688 |
|  Bank of America Corp. <br>5.744%, 02/12/2036 |  | 2019 | 2050981 |
|  Bank of Ireland Group PLC<br>5.601%, 03/20/2030<sup>(b)</sup> |  | 365 | 376341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.253%, 09/16/2026<sup>(b)</sup> |  | 571 | 572747 |
|  Banque Federative du Credit Mutuel SA <br>5.538%, 01/22/2030<sup>(b)</sup> |  | 1937 | 2008262 |
|  Barclays PLC<br>5.335%, 09/10/2035 |  | 734 | 728906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.674%, 03/12/2028 |  | 351 | 357718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.224%, 05/09/2034 |  | 740 | 785517 |
|  BNP Paribas SA<br>2.591%, 01/20/2028<sup>(b)</sup> |  | 751 | 728951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/25/2031<sup>(b)(c)</sup> |  | 388 | 344835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.497%, 05/20/2030<sup>(b)</sup> |  | 1133 | 1163251 |
|  BPCE SA <br>6.508%, 01/18/2035<sup>(b)</sup> |  | 1793 | 1858929 |
|  CaixaBank SA<br>6.037%, 06/15/2035<sup>(b)</sup> |  | 843 | 882183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.684%, 09/13/2027<sup>(b)</sup> |  | 994 | 1017926 |
|  Capital One Financial Corp.<br>5.468%, 02/01/2029 |  | 416 | 425938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.377%, 06/08/2034 |  | 1163 | 1237304 |
|  Capital One NA <br>5.974%, 08/09/2028 |  | 386 | 396974 |
|  Citigroup, Inc.<br>4.643%, 05/07/2028 |  | 2031 | 2036971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 01/24/2036 |  | 44 | 45177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series W<br>4.00%, 12/10/2025<sup>(c)</sup> |  | 788 | 782263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series Y<br>4.15%, 11/15/2026<sup>(c)</sup> |  | 139 | 135540 |
|  Credit Agricole SA<br>5.222%, 05/27/2031<sup>(b)</sup> |  | 573 | 583704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.251%, 01/10/2035<sup>(b)</sup> |  | 1441 | 1496997 |
|  Danske Bank A/S <br>4.613%, 10/02/2030<sup>(b)</sup> |  | 846 | 842303 |
|  Deutsche Bank AG/New York NY<br>2.129%, 11/24/2026 |  | 958 | 948334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.119%, 07/14/2026 |  | 764 | 764306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.146%, 07/13/2027 |  | 323 | 331233 |
|  Goldman Sachs Group, Inc. (The)<br>2.65%, 10/21/2032 |  | 67 | 59101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.937%, 04/23/2028 |  | 1123 | 1132321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series V<br>4.125%, 11/10/2026<sup>(c)</sup> |  | 764 | 749820 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  HSBC Holdings PLC<br>2.804%, 05/24/2032 | U.S.$| 581 | $515934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.848%, 06/04/2031 |  | 1675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1530414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.399%, 11/13/2034 |  | 1536 | 1718369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.113%, 11/03/2033 |  | 767 | 885962 |
|  Intesa Sanpaolo SpA <br>7.20%, 11/28/2033<sup>(b)</sup> |  | 919 | 1030548 |
|  JPMorgan Chase & Co. <br>2.963%, 01/25/2033 |  | 2609 | 2344186 |
|  KBC Group NV <br>4.932%, 10/16/2030<sup>(b)</sup> |  | 1350 | 1364850 |
|  Lloyds Banking Group PLC<br>4.976%, 08/11/2033 |  | 420 | 416980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.087%, 11/26/2028 |  | 746 | 755802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.462%, 01/05/2028 |  | 216 | 218916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.953%, 11/15/2033 |  | 461 | 527117 |
|  Mizuho Financial Group, Inc. <br>5.376%, 05/26/2030 |  | 550 | 565268 |
|  Morgan Stanley <br>4.994%, 04/12/2029 |  | 174 | 176553 |
|  Morgan Stanley Bank NA <br>5.504%, 05/26/2028 |  | 1013 | 1034476 |
|  Nationwide Building Society <br>2.972%, 02/16/2028<sup>(b)</sup> |  | 1238 | 1208969 |
|  NatWest Group PLC<br>3.032%, 11/28/2035 |  | 378 | 340733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.115%, 05/23/2031 |  | 1742 | 1771457 |
|  Santander Holdings USA, Inc.<br>5.473%, 03/20/2029 |  | 132 | 134161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.741%, 03/20/2031 |  | 958 | 983569 |
|  Santander UK Group Holdings PLC<br>4.858%, 09/11/2030 |  | 1139 | 1137121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.694%, 04/15/2031 |  | 378 | 389843 |
|  Societe Generale SA<br>2.797%, 01/19/2028<sup>(b)</sup> |  | 1389 | 1349066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.249%, 05/22/2029<sup>(b)</sup> |  | 636 | 643651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.519%, 01/19/2028<sup>(b)</sup> |  | 502 | 507497 |
|  Standard Chartered PLC<br>5.244%, 05/13/2031<sup>(b)</sup> |  | 1087 | 1102805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.545%, 01/21/2029<sup>(b)</sup> |  | 217 | 221646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.051% (CME Term SOFR 3 Month + 1.77%), 01/30/2027<sup>(b)(c)(d)</sup> |  | 400 | 380548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.187%, 07/06/2027<sup>(b)</sup> |  | 407 | 413296 |
|  Sumitomo Mitsui Financial Group, Inc. <br>5.316%, 07/09/2029 |  | 1485 | 1529773 |
|  Sumitomo Mitsui Trust Bank Ltd. <br>4.45%, 09/10/2027<sup>(b)</sup> |  | 306 | 307135 |
|  Synchrony Financial <br>5.45%, 03/06/2031 |  | 661 | 666883 |
|  Toronto-Dominion Bank (The)<br>5.146%, 09/10/2034 |  | 661 | 662771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.298%, 01/30/2032 |  | 944 | 969554 |
|  UBS Group AG<br>3.091%, 05/14/2032<sup>(b)</sup> |  | 1265 | 1148848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.194%, 04/01/2031<sup>(b)</sup> |  | 549 | 536977 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.373%, 07/15/2026<sup>(b)</sup> | U.S.$| 1346 | $| 1346592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/10/2034<sup>(b)(c)</sup> |  | 440 |  | 437479 |
|  UniCredit SpA <br>2.569%, 09/22/2026<sup>(b)</sup> |  | 459 |  | 456654 |
|  Wells Fargo & Co.<br>3.35%, 03/02/2033 |  | 2456 |  | 2243851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.499%, 01/23/2035 |  | 192 |  | 196959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series BB<br>3.90%, 03/15/2026<sup>(c)</sup> |  | 635 |  | 629234 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68899079 |
|  **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** |
|  Charles Schwab Corp. (The) <br>Series I <br>4.00%, 06/01/2026<sup>(c)</sup> |  | 1949 |  | 1919005 |
|  **Finance – 0.3%** | **Finance – 0.3%** | **Finance – 0.3%** | **Finance – 0.3%** | **Finance – 0.3%** |
|  Aircastle Ltd. <br>5.95%, 02/15/2029<sup>(b)</sup> |  | 310 |  | 320258 |
|  Aviation Capital Group LLC<br>1.95%, 01/30/2026<sup>(b)</sup> |  | 1131 |  | 1113153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 09/20/2026<sup>(b)</sup> |  | 390 |  | 377352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/2027<sup>(b)</sup> |  | 212 |  | 206592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/01/2025<sup>(b)</sup> |  | 10 |  | 9988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/14/2027<sup>(b)</sup> |  | 124 |  | 124081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/01/2025<sup>(b)</sup> |  | 350 |  | 349930 |
|  |  |  |  | 2501354 |
|  **Insurance – 0.6%** | **Insurance – 0.6%** | **Insurance – 0.6%** | **Insurance – 0.6%** | **Insurance – 0.6%** |
|  Athene Global Funding <br>5.62%, 05/08/2026<sup>(b)</sup> |  | 2182 |  | 2201463 |
|  Massachusetts Mutual Life Insurance Co. <br>3.729%, 10/15/2070<sup>(b)</sup> |  | 11 |  | 7291 |
|  MetLife Capital Trust IV <br>8.251% (CME Term SOFR 3 Month + 3.96%), 12/15/2067<sup>(b)(d)</sup> |  | 970 |  | 1063382 |
|  MetLife, Inc. <br>10.75%, 08/01/2069 |  | 25 |  | 33481 |
|  Principal Life Global Funding II <br>5.10%, 01/25/2029<sup>(b)</sup> |  | 1265 |  | 1293602 |
|  Swiss Re Finance Luxembourg SA <br>5.00%, 04/02/2049<sup>(b)</sup> |  | 600 |  | 597510 |
|  |  |  |  | 5196729 |
|  **REITs – 0.6%** | **REITs – 0.6%** | **REITs – 0.6%** | **REITs – 0.6%** | **REITs – 0.6%** |
|  American Tower Corp.<br>3.65%, 03/15/2027 |  | 466 |  | 460371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/2029 |  | 626 |  | 640986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/2028 |  | 462 |  | 473518 |
|  Crown Castle, Inc. <br>5.60%, 06/01/2029 |  | 380 |  | 392490 |
|  GLP Capital LP/GLP Financing II, Inc.<br>3.25%, 01/15/2032 |  | 1036 |  | 913845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/2031 |  | 364 |  | 343314 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Omega Healthcare Investors, Inc. <br>5.20%, 07/01/2030 | U.S.$| 364 | $| 366191 |
|  Realty Income Corp. <br>5.125%, 04/15/2035 |  | 230 |  | 230306 |
|  Simon Property Group LP <br>4.75%, 09/26/2034 |  | 1112 |  | 1082532 |
|  Trust Fibra Uno <br>4.869%, 01/15/2030<sup>(b)</sup> |  | 258 |  | 244339 |
|  |  |  |  | 5147892 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83664059 |
|  **Utility – 2.1%** | **Utility – 2.1%** | **Utility – 2.1%** | **Utility – 2.1%** | **Utility – 2.1%** |
|  **Electric – 2.1%** | **Electric – 2.1%** | **Electric – 2.1%** | **Electric – 2.1%** | **Electric – 2.1%** |
|  AES Andes SA <br>6.25%, 03/14/2032<sup>(b)</sup> |  | 1242 |  | 1270566 |
|  AES Panama Generation Holdings SRL <br>4.375%, 05/31/2030<sup>(b)</sup> |  | 458 |  | 416951 |
|  Alexander Funding Trust II <br>7.467%, 07/31/2028<sup>(b)</sup> |  | 406 |  | 434115 |
|  American Electric Power Co., Inc. <br>6.95%, 12/15/2054 |  | 681 |  | 711720 |
|  CenterPoint Energy Houston Electric LLC<br>4.95%, 04/01/2033 |  | 153 |  | 153705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/2035 |  | 1731 |  | 1730290 |
|  Duke Energy Carolinas NC Storm Funding LLC <br>Series A-2 <br>2.617%, 07/01/2043 |  | 920 |  | 712273 |
|  Electricite de France SA <br>9.125%, 03/15/2033<sup>(b)(c)</sup> |  | 366 |  | 413269 |
|  Enel Finance International NV <br>5.50%, 06/26/2034<sup>(b)</sup> |  | 1836 |  | 1869378 |
|  Engie Energia Chile SA<br>3.40%, 01/28/2030<sup>(b)</sup> |  | 981 |  | 905463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/17/2034<sup>(b)</sup> |  | 200 |  | 206200 |
|  FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple <br>7.25%, 01/31/2041<sup>(b)</sup> |  | 476 |  | 481497 |
|  Florida Power & Light Co. <br>5.30%, 06/15/2034 |  | 694 |  | 715514 |
|  Israel Electric Corp., Ltd. <br>Series G <br>4.25%, 08/14/2028<sup>(b)</sup> |  | 354 |  | 343465 |
|  Kallpa Generacion SA <br>5.875%, 01/30/2032<sup>(b)</sup> |  | 876 |  | 894545 |
|  LG Energy Solution Ltd. <br>5.375%, 04/02/2030<sup>(b)</sup> |  | 2091 |  | 2092673 |
|  Niagara Mohawk Power Corp.<br>4.647%, 10/03/2030<sup>(b)</sup> |  | 1133 |  | 1133000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 01/17/2034<sup>(b)</sup> |  | 652 |  | 650005 |
|  NRG Energy, Inc. <br>7.00%, 03/15/2033<sup>(b)</sup> |  | 1304 |  | 1431049 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Pacific Gas & Electric Co. <br>5.55%, 05/15/2029 | U.S.$| 340 | $| 345464 |
|  Vistra Operations Co. LLC<br>5.05%, 12/30/2026<sup>(b)</sup> |  | 62 |  | 62315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 10/15/2033<sup>(b)</sup> |  | 726 |  | 798085 |
|  |  |  |  | 17771542 |
|  Total Corporates - Investment Grade <br>(cost $215,111,693) | Total Corporates - Investment Grade <br>(cost $215,111,693) | Total Corporates - Investment Grade <br>(cost $215,111,693) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215670448 |
|  **MORTGAGE PASS-THROUGHS – 21.0%** | **MORTGAGE PASS-THROUGHS – 21.0%** | **MORTGAGE PASS-THROUGHS – 21.0%** | **MORTGAGE PASS-THROUGHS – 21.0%** | **MORTGAGE PASS-THROUGHS – 21.0%** |
|  **Agency Fixed Rate 30-Year – 20.7%** | **Agency Fixed Rate 30-Year – 20.7%** | **Agency Fixed Rate 30-Year – 20.7%** | **Agency Fixed Rate 30-Year – 20.7%** | **Agency Fixed Rate 30-Year – 20.7%** |
|  Federal Home Loan Mortgage Corp.<br>Series 2019<br>3.50%, 10/01/2049 |  | 350 |  | 320679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/2049 |  | 478 |  | 437437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>3.50%, 01/01/2050 |  | 1068 |  | 978116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>2.00%, 03/01/2052 |  | 5405 |  | 4319357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/2052 |  | 6387 |  | 5363906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/2052 |  | 3424 |  | 2996334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/01/2052 |  | 3953 |  | 3424262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/01/2052 |  | 1258 |  | 1089639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.50%, 11/01/2054 |  | 1421 |  | 1420814 |
|  Federal Home Loan Mortgage Corp. Gold<br>Series 2005<br>5.50%, 01/01/2035 |  | 13 |  | 13033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007<br>5.50%, 07/01/2035 |  | 82 |  | 84402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016<br>4.00%, 02/01/2046 |  | 800 |  | 773027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>4.00%, 07/01/2044 |  | 509 |  | 491606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>4.50%, 03/01/2048 |  | 262 |  | 256021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/2048 |  | 521 |  | 507866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/01/2048 |  | 692 |  | 673380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2048 |  | 308 |  | 307647 |
|  Federal National Mortgage Association<br>Series 2003<br>5.50%, 04/01/2033 |  | 69 |  | 71106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2033 |  | 132 |  | 135953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2004<br>5.50%, 02/01/2034 |  | 1 |  | 1508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/2034 |  | 34 |  | 34476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/01/2034 |  | 27 |  | 28217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/01/2034 |  | 131 |  | 134622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2005<br>5.50%, 02/01/2035 |  | 203 |  | 209452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2006<br>5.50%, 04/01/2036 |  | 41 |  | 42302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007<br>5.50%, 05/01/2036 |  | 2 |  | 2089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/2036 |  | 1 |  | 1215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/2037 |  | 48 |  | 49330 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2008 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/2037 | U.S.$| 0 | \*\* | $292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2009<br>5.00%, 12/01/2039 |  | 8 |  | 8397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010<br>4.00%, 12/01/2040 |  | 313 |  | 302302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2040 |  | 8 |  | 7635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012<br>3.50%, 02/01/2042 |  | 280 |  | 263584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/2042 |  | 2894 |  | 2721132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/01/2043 |  | 489 |  | 458360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013<br>3.50%, 04/01/2043 |  | 1711 |  | 1604813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/2043 |  | 1051 |  | 1009412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015<br>3.00%, 05/01/2045 |  | 416 |  | 373106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/01/2045 |  | 608 |  | 542573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>4.50%, 09/01/2048 |  | 974 |  | 947577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>3.50%, 08/01/2049 |  | 1192 |  | 1090529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/2049 |  | 521 |  | 477802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/2049 |  | 1047 |  | 957253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>3.50%, 01/01/2050 |  | 998 |  | 914123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>2.00%, 07/01/2051 |  | 5802 |  | 4620760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/01/2051 |  | 8448 |  | 6712087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/01/2052 |  | 1731 |  | 1454388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>2.50%, 03/01/2052 |  | 3837 |  | 3222131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/2052 |  | 3931 |  | 3298173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/01/2052 |  | 5307 |  | 4453434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/2052 |  | 4184 |  | 3664260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/2052 |  | 5332 |  | 4665787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 12/01/2054 |  | 2094 |  | 2053043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>4.50%, 03/01/2055 |  | 3640 |  | 3481152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/01/2055 |  | 4075 |  | 4074987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/2055 |  | 1568 |  | 1593617 |
|  Government National Mortgage Association<br>Series 2016<br>3.00%, 04/20/2046 |  | 134 |  | 120020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/20/2046 |  | 387 |  | 346809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.50%, 04/20/2053 |  | 3155 |  | 3175242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>4.00%, 07/01/2055, TBA |  | 3275 |  | 3043509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/2055, TBA |  | 7445 |  | 7122984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2055, TBA |  | 12561 |  | 12333757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2055, TBA |  | 5036 |  | 5040556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/01/2055, TBA |  | 7343 |  | 7445945 |
|  Uniform Mortgage-Backed Security<br>Series 2025<br>2.00%, 07/01/2055, TBA |  | 13051 |  | 10326703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/01/2055, TBA |  | 11044 |  | 9155561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2055, TBA |  | 6767 |  | 6631130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2055, TBA |  | 16035 |  | 16028911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/01/2055, TBA |  | 10459 |  | 10628226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/01/2055, TBA |  | 5583 |  | 5762689 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176302547 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | | **U.S. $ Value** |
|  **Agency Fixed Rate 15-Year – 0.3%** | **Agency Fixed Rate 15-Year – 0.3%** | **Agency Fixed Rate 15-Year – 0.3%** | **Agency Fixed Rate 15-Year – 0.3%** | **Agency Fixed Rate 15-Year – 0.3%** |
|  Federal National Mortgage Association<br>Series 2016<br>2.50%, 10/01/2031 | U.S.$| 28 |  | $26614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/01/2031 |  | 1484 |  | 1428706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 12/01/2031 |  | 8 |  | 7290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>2.50%, 01/01/2032 |  | 448 |  | 430566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/01/2032 |  | 454 |  | 435129 |
|  |  |  |  | 2328305 |
|  **Agency ARMs – 0.0%** | **Agency ARMs – 0.0%** | **Agency ARMs – 0.0%** | **Agency ARMs – 0.0%** | **Agency ARMs – 0.0%** |
|  Federal Home Loan Mortgage Corp.<br>Series 2006<br>6.971% (RFUCCT1Y + 2.35%), 12/01/2036<sup>(d)</sup> |  | 0 | \*\* | 111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007<br>6.975% (RFUCCT1Y + 2.10%), 03/01/2037<sup>(d)</sup> |  | 0 | \*\* | 297 |
|  Federal National Mortgage Association<br>Series 2007<br>6.46% (RFUCCT1Y + 1.46%), 02/01/2037<sup>(d)</sup> |  | 1 |  | 886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63% (RFUCCT1Y + 1.67%), 03/01/2037<sup>(d)</sup> |  | 0 | \*\* | 157 |
|  |  |  |  | 1451 |
|  Total Mortgage Pass-Throughs <br>(cost $184,033,462) | Total Mortgage Pass-Throughs <br>(cost $184,033,462) | Total Mortgage Pass-Throughs <br>(cost $184,033,462) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178632303 |
|  **ASSET-BACKED SECURITIES – 6.4%** | **ASSET-BACKED SECURITIES – 6.4%** | **ASSET-BACKED SECURITIES – 6.4%** | **ASSET-BACKED SECURITIES – 6.4%** | **ASSET-BACKED SECURITIES – 6.4%** |
|  **Autos - Fixed Rate – 3.2%** | **Autos - Fixed Rate – 3.2%** | **Autos - Fixed Rate – 3.2%** | **Autos - Fixed Rate – 3.2%** | **Autos - Fixed Rate – 3.2%** |
|  ACM Auto Trust<br>Series 2024-2A, Class A<br>6.06%, 02/20/2029<sup>(b)</sup> |  | 789 |  | 791443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>5.38%, 06/20/2029<sup>(b)</sup> |  | 581 |  | 581950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A<br>5.55%, 06/20/2028<sup>(b)</sup> |  | 1953 |  | 1955476 |
|  American Credit Acceptance Receivables Trust <br>Series 2025-2, Class B <br>4.85%, 05/14/2029<sup>(b)</sup> |  | 1999 |  | 2004532 |
|  Arivo Acceptance Auto Loan Receivables Trust <br>Series 2024-1A, Class A <br>6.46%, 04/17/2028<sup>(b)</sup> |  | 126 |  | 127020 |
|  AutoNation Finance Trust <br>Series 2025-1A, Class A2 <br>4.72%, 04/10/2028<sup>(b)</sup> |  | 2092 |  | 2094095 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Avis Budget Rental Car Funding AESOP LLC <br>Series 2023-3A, Class A <br>5.44%, 02/22/2028<sup>(b)</sup> | U.S.$| 1016 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1028654 |
|  Carvana Auto Receivables Trust<br>Series 2021-N3, Class C<br>1.02%, 06/12/2028 |  | 97 | 93484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-N4, Class D<br>2.30%, 09/11/2028 |  | 158 | 153545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P4, Class D<br>2.61%, 09/11/2028 |  | 989 | 941907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-P3, Class A2<br>4.61%, 11/10/2027 |  | 747 | 747312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-P4, Class A2<br>4.62%, 02/10/2028 |  | 758 | 757625 |
|  CPS Auto Receivables Trust<br>Series 2021-C, Class D<br>1.69%, 06/15/2027<sup>(b)</sup> |  | 369 | 366887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C, Class A<br>5.88%, 02/15/2028<sup>(b)</sup> |  | 329 | 330453 |
|  Flagship Credit Auto Trust <br>Series 2024-3, Class A <br>4.88%, 11/15/2028<sup>(b)</sup> |  | 477 | 477836 |
|  Ford Credit Auto Owner Trust <br>Series 2021-1, Class D <br>2.31%, 10/17/2033<sup>(b)</sup> |  | 1390 | 1356546 |
|  GLS Auto Receivables Issuer Trust <br>Series 2024-3A, Class A2 <br>5.35%, 08/16/2027<sup>(b)</sup> |  | 632 | 632218 |
|  Lendbuzz Securitization Trust<br>Series 2025-1A, Class A1<br>4.576%, 02/15/2026<sup>(b)</sup> |  | 225 | 225268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2<br>5.10%, 10/15/2030<sup>(b)</sup> |  | 1697 | 1702588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2<br>5.18%, 05/15/2030<sup>(b)</sup> |  | 1366 | 1369677 |
|  Lobel Automobile Receivables Trust <br>Series 2025-1, Class A <br>5.06%, 11/15/2027<sup>(b)</sup> |  | 1568 | 1569007 |
|  Prestige Auto Receivables Trust <br>Series 2025-1A, Class A2 <br>4.87%, 12/15/2027<sup>(b)</sup> |  | 1701 | 1701711 |
|  Research-Driven Pagaya Motor Trust <br>Series 2024-1A, Class A <br>7.09%, 06/25/2032<sup>(b)</sup> |  | 416 | 419843 |
|  Santander Drive Auto Receivables Trust<br>Series 2023-3, Class B<br>5.61%, 07/17/2028 |  | 832 | 836391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-4, Class A2<br>5.41%, 07/15/2027 |  | 419 | 419501 |
|  SBNA Auto Receivables Trust <br>Series 2025-SF1, Class B <br>5.12%, 03/17/2031<sup>(b)</sup> |  | 424 | 424058 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Tesla Auto Lease Trust <br>Series 2024-A, Class A3 <br>5.30%, 06/21/2027<sup>(b)</sup> | U.S.$| 591 | $| 592758 |
|  Tricolor Auto Securitization Trust<br>Series 2024-2A, Class A<br>6.36%, 12/15/2027<sup>(b)</sup> |  | 194 |  | 195034 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.94%, 02/15/2029<sup>(b)</sup> |  | 1551 |  | 1552698 |
|  United Auto Credit Securitization Trust <br>Series 2025-1, Class A <br>4.80%, 06/10/2027<sup>(b)</sup> |  | 1454 |  | 1454057 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26903574 |
|  **Other ABS - Fixed Rate – 2.6%** | **Other ABS - Fixed Rate – 2.6%** | **Other ABS - Fixed Rate – 2.6%** | **Other ABS - Fixed Rate – 2.6%** | **Other ABS - Fixed Rate – 2.6%** |
|  AB Issuer LLC <br>Series 2021-1, Class A2 <br>3.734%, 07/30/2051<sup>(b)</sup> |  | 2005 |  | 1875432 |
|  Affirm Asset Securitization Trust<br>Series 2021-Z2, Class A<br>1.17%, 11/16/2026<sup>(b)</sup> |  | 2 |  | 2060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-X1, Class A<br>6.27%, 05/15/2029<sup>(b)</sup> |  | 71 |  | 71064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-X2, Class A<br>5.22%, 12/17/2029<sup>(b)</sup> |  | 576 |  | 576597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-X1, Class A<br>5.08%, 04/15/2030<sup>(b)</sup> |  | 1590 |  | 1591519 |
|  Cajun Global LLC <br>Series 2021-1, Class A2 <br>3.931%, 11/20/2051<sup>(b)</sup> |  | 430 |  | 420886 |
|  College Ave Student Loans LLC <br>Series 2021-C, Class B <br>2.72%, 07/26/2055<sup>(b)</sup> |  | 452 |  | 412471 |
|  Dext ABS LLC <br>Series 2023-1, Class A2 <br>5.99%, 03/15/2032<sup>(b)</sup> |  | 573 |  | 574708 |
|  Diamond Infrastructure Funding LLC <br>Series 2021-1A, Class B <br>2.355%, 04/15/2049<sup>(b)</sup> |  | 935 |  | 883580 |
|  Diamond Issuer LLC <br>Series 2021-1A, Class A <br>2.305%, 11/20/2051<sup>(b)</sup> |  | 1941 |  | 1830158 |
|  Equify ABS LLC <br>Series 2024-1A, Class A <br>5.43%, 04/18/2033<sup>(b)</sup> |  | 805 |  | 805183 |
|  GCI Funding I LLC <br>Series 2021-1, Class A <br>2.38%, 06/18/2046<sup>(b)</sup> |  | 475 |  | 436707 |
|  Hardee's Funding LLC<br>Series 2018-1A, Class A23<br>5.71%, 06/20/2048<sup>(b)</sup> |  | 760 |  | 750116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1A, Class A2<br>3.981%, 12/20/2050<sup>(b)</sup> |  | 468 |  | 444651 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  MVW LLC <br>Series 2021-2A, Class B <br>1.83%, 05/20/2039<sup>(b)</sup> | U.S.$| 310 | $292944 |
|  Neighborly Issuer LLC<br>Series 2022-1A, Class A2<br>3.695%, 01/30/2052<sup>(b)</sup> |  | 1948 | 1806069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2<br>7.308%, 01/30/2053<sup>(b)</sup> |  | 1372 | 1399946 |
|  Nelnet Student Loan Trust<br>Series 2021-BA, Class B<br>2.68%, 04/20/2062<sup>(b)</sup> |  | 620 | 545660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CA, Class B<br>2.53%, 04/20/2062<sup>(b)</sup> |  | 907 | 790891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DA, Class B<br>2.90%, 04/20/2062<sup>(b)</sup> |  | 798 | 711630 |
|  NMEF Funding LLC <br>Series 2024-A, Class A2 <br>5.15%, 12/15/2031<sup>(b)</sup> |  | 1378 | 1384351 |
|  Oportun Funding Trust <br>Series 2024-3, Class A <br>5.26%, 08/15/2029<sup>(b)</sup> |  | 592 | 591980 |
|  Oportun Issuance Trust <br>Series 2024-2, Class A <br>5.86%, 02/09/2032<sup>(b)</sup> |  | 217 | 217447 |
|  Pagaya AI Debt Grantor Trust<br>Series 2024-5, Class A<br>6.278%, 10/15/2031<sup>(b)</sup> |  | 386 | 389979 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-9, Class B<br>5.306%, 03/15/2032<sup>(b)</sup> |  | 1496 | 1494107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A2<br>5.365%, 12/15/2032<sup>(b)</sup> |  | 265 | 265780 |
|  Pagaya AI Debt Trust<br>Series 2024-2, Class A<br>6.319%, 08/15/2031<sup>(b)</sup> |  | 328 | 330382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A<br>6.258%, 10/15/2031<sup>(b)</sup> |  | 448 | 450630 |
|  Pagaya Point of Sale Holdings Grantor Trust <br>Series 2025-1, Class A <br>5.715%, 01/20/2034<sup>(b)</sup> |  | 676 | 680093 |
|  Prosper Marketplace Issuance Trust <br>Series 2024-1A, Class A <br>6.12%, 08/15/2029<sup>(b)</sup> |  | 225 | 225370 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22252391 |
|  **Credit Cards - Fixed Rate – 0.6%** |  |  |  |
|  Brex Commercial Charge Card Master Trust <br>Series 2024-1, Class A1 <br>6.05%, 07/15/2027<sup>(b)</sup> |  | 1188 | 1197095 |
|  Mission Lane Credit Card Master Trust<br>Series 2024-A, Class A1<br>6.20%, 08/15/2029<sup>(b)</sup> |  | 811 | 818140 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A<br>5.88%, 01/15/2030<sup>(b)</sup> | U.S.$| 1890 | $1905024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A, Class A<br>5.80%, 05/15/2030<sup>(b)</sup> |  | 1086 | 1088312 |
|  |  |  | 5008571 |
|  **Other ABS - Floating Rate – 0.0%** |  |  |  |
|  Pagaya AI Debt Grantor Trust <br>Series 2025-1, Class A <br>4.991%, 07/15/2032<sup>(b)</sup> |  | 277 | 277485 |
|  Total Asset-Backed Securities <br>(cost $55,278,154) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54442021 |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 5.8%** |  |  |  |
|  **Risk Share Floating Rate – 4.8%** |  |  |  |
|  Bellemeade Re Ltd. <br>Series 2022-1, Class M1B <br>6.455% (CME Term SOFR + 2.15%), 01/26/2032<sup>(b)(d)</sup> |  | 379 | 380157 |
|  Connecticut Avenue Securities <br>Series 2025-R01, Class 1A1 <br>5.256% (CME Term SOFR + 0.95%), 01/25/2045<sup>(b)(d)</sup> |  | 1865 | 1861970 |
|  Connecticut Avenue Securities Trust<br>Series 2021-R03, Class 1M1<br>5.155% (CME Term SOFR + 0.85%), 12/25/2041<sup>(b)(d)</sup> |  | 419 | 417819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R01, Class 1M2<br>6.205% (CME Term SOFR + 1.90%), 12/25/2041<sup>(b)(d)</sup> |  | 2306 | 2324394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R02, Class 2M1<br>5.505% (CME Term SOFR + 1.20%), 01/25/2042<sup>(b)(d)</sup> |  | 337 | 336970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R03, Class 1M2<br>7.805% (CME Term SOFR + 3.50%), 03/25/2042<sup>(b)(d)</sup> |  | 1545 | 1604616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R05, Class 2M2<br>7.305% (CME Term SOFR + 3.00%), 04/25/2042<sup>(b)(d)</sup> |  | 1206 | 1238750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R06, Class 1M1<br>7.055% (CME Term SOFR + 2.75%), 05/25/2042<sup>(b)(d)</sup> |  | 809 | 828260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R07, Class 1M1<br>7.256% (CME Term SOFR + 2.95%), 06/25/2042<sup>(b)(d)</sup> |  | 1086 | 1113745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M1<br>6.605% (CME Term SOFR + 2.30%), 01/25/2043<sup>(b)(d)</sup> |  | 544 | 555321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R03, Class 2M1<br>6.805% (CME Term SOFR + 2.50%), 04/25/2043<sup>(b)(d)</sup> |  | 616 | 624595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R04, Class 1M1<br>6.606% (CME Term SOFR + 2.30%), 05/25/2043<sup>(b)(d)</sup> |  | 1038 | 1059870 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R06, Class 1M1<br>6.005% (CME Term SOFR + 1.70%), 07/25/2043<sup>(b)(d)</sup> | U.S.$| 786 | $790286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R02, Class 1M1<br>5.405% (CME Term SOFR + 1.10%), 02/25/2044<sup>(b)(d)</sup> |  | 407 | 406978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R05, Class 2M1<br>5.305% (CME Term SOFR + 1.00%), 07/25/2044<sup>(b)(d)</sup> |  | 322 | 321400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R06, Class 1M1<br>5.355% (CME Term SOFR + 1.05%), 09/25/2044<sup>(b)(d)</sup> |  | 558 | 558494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1A1<br>5.306% (CME Term SOFR + 1.00%), 02/25/2045<sup>(b)(d)</sup> |  | 516 | 515916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R03, Class 2M1<br>5.905% (CME Term SOFR + 1.60%), 03/25/2045<sup>(b)(d)</sup> |  | 1608 | 1616521 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes<br>Series 2021-DNA5, Class M2<br>5.955% (CME Term SOFR + 1.65%), 01/25/2034<sup>(b)(d)</sup> |  | 253 | 254332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2<br>5.805% (CME Term SOFR + 1.50%), 10/25/2041<sup>(b)(d)</sup> |  | 2309 | 2317504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA7, Class M2<br>6.105% (CME Term SOFR + 1.80%), 11/25/2041<sup>(b)(d)</sup> |  | 2412 | 2428755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, Class M2<br>6.655% (CME Term SOFR + 2.35%), 12/25/2041<sup>(b)(d)</sup> |  | 1530 | 1547138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA3, Class M1B<br>7.205% (CME Term SOFR + 2.90%), 04/25/2042<sup>(b)(d)</sup> |  | 711 | 732637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA4, Class M1B<br>7.655% (CME Term SOFR + 3.35%), 05/25/2042<sup>(b)(d)</sup> |  | 1358 | 1410934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA5, Class M1B<br>8.805% (CME Term SOFR + 4.50%), 06/25/2042<sup>(b)(d)</sup> |  | 2274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2416632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA7, Class M1A<br>6.805% (CME Term SOFR + 2.50%), 03/25/2052<sup>(b)(d)</sup> |  | 764 | 774301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA1, Class M1A<br>6.406% (CME Term SOFR + 2.10%), 03/25/2043<sup>(b)(d)</sup> |  | 588 | 596353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA2, Class M1A<br>6.406% (CME Term SOFR + 2.10%), 04/25/2043<sup>(b)(d)</sup> |  | 1963 | 1993241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DNA3, Class A1<br>5.355% (CME Term SOFR + 1.05%), 10/25/2044<sup>(b)(d)</sup> |  | 1269 | 1268849 |

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------

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA1, Class M1<br>5.555% (CME Term SOFR + 1.25%), 03/25/2044<sup>(b)(d)</sup> | U.S.$| 955 | $956848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA2, Class M1<br>5.505% (CME Term SOFR + 1.20%), 08/25/2044<sup>(b)(d)</sup> |  | 1397 | 1397428 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2021-HQA2 <br>Series 2021-HQA2, Class M2 <br>6.355% (CME Term SOFR + 2.05%), 12/25/2033<sup>(b)(d)</sup> |  | 975 | 998222 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-DNA1 <br>Series 2025-DNA1, Class A1 <br>5.255% (CME Term SOFR + 0.95%), 01/25/2045<sup>(b)(d)</sup> |  | 1075 | 1073817 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-DNA2<br>Series 2025-DNA2, Class A1<br>5.405% (CME Term SOFR + 1.10%), 05/25/2045<sup>(b)(d)</sup> |  | 602 | 602389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA2, Class M1<br>5.505% (CME Term SOFR + 1.20%), 05/25/2045<sup>(b)(d)</sup> |  | 631 | 632221 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-Hqa1 <br>Series 2025-HQA1, Class A1 <br>5.255% (CME Term SOFR + 0.95%), 02/25/2045<sup>(b)(d)</sup> |  | 1410 | 1408081 |
|  Federal National Mortgage Association Connecticut Avenue Securities<br>Series 2015-C04, Class 1M2<br>10.12% (CME Term SOFR + 5.81%), 04/25/2028<sup>(d)</sup> |  | 76 | 77114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R02, Class 2M2<br>6.305% (CME Term SOFR + 2.00%), 11/25/2041<sup>(b)(d)</sup> |  | 1064 | 1071281 |
|  Wells Fargo Credit Risk Transfer Securities Trust<br>Series 2015-WF1, Class 1M2<br>9.67% (CME Term SOFR + 5.36%), 11/25/2025<sup>(b)(d)</sup> |  | 142 | 148282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-WF1, Class 2M2<br>9.92% (CME Term SOFR + 5.61%), 11/25/2025<sup>(b)(d)</sup> |  | 35 | 36302 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40698723 |
|  **Non-Agency Floating Rate – 0.6%** |  |  |  |
|  Deutsche Alt-A Securities Mortgage Loan Trust <br>Series 2006-AR4, Class A2 <br>4.814% (CME Term SOFR 1 Month + 0.49%), 12/25/2036<sup>(d)</sup> |  | 772 | 243748 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Home Equity Asset Trust <br>Series 2007-3, Class M1 <br>4.959% (CME Term SOFR 1 Month + 0.64%), 08/25/2037<sup>(d)</sup> | U.S.$| 4043 | $4617240 |
|  HomeBanc Mortgage Trust <br>Series 2005-1, Class A1 <br>4.934% (CME Term SOFR 1 Month + 0.61%), 03/25/2035<sup>(d)</sup> |  | 99 | 80354 |
|  JPMorgan Chase Bank NA - CHASE <br>Series 2019-CL1, Class M3 <br>6.534% (CME Term SOFR 1 Month + 2.21%), 04/25/2047<sup>(b)(d)</sup> |  | 156 | 157677 |
|  Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates <br>Series 2004-1, Class 1A <br>5.034% (CME Term SOFR 1 Month + 0.71%), 04/25/2034<sup>(d)</sup> |  | 27 | 26372 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5125391 |
|  **Agency Floating Rate – 0.2%** |  |  |  |
|  Federal Home Loan Mortgage Corp. REMICS<br>Series 4416, Class BS<br>1.682% (5.99% - CME Term SOFR), 12/15/2044<sup>(d)(e)</sup><br>|  | 1016 | 110587 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4693, Class SL<br>1.732% (6.04% - CME Term SOFR), 06/15/2047<sup>(d)(e)</sup> |  | 1095 | 139687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4954, Class SL<br>1.63% (5.94% - CME Term SOFR), 02/25/2050<sup>(d)(e)</sup> |  | 1452 | 168822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4981, Class HS<br>1.68% (5.99% - CME Term SOFR), 06/25/2050<sup>(d)(e)</sup> |  | 3302 | 370131 |
|  Federal National Mortgage Association REMICS<br>Series 2016-106, Class ES<br>1.58% (5.89% - CME Term SOFR), 01/25/2047<sup>(d)(e)</sup> |  | 1019 | 116010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-73, Class SA<br>1.73% (6.04% - CME Term SOFR), 09/25/2047<sup>(d)(e)</sup> |  | 1303 | 162426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-97, Class LS<br>1.78% (6.09% - CME Term SOFR), 12/25/2047<sup>(d)(e)</sup> |  | 988 | 120098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-97, Class SW<br>1.78% (6.09% - CME Term SOFR), 12/25/2047<sup>(d)(e)</sup> |  | 893 | 111956 |
|  Government National Mortgage Association<br>Series 2017-134, Class SE<br>1.768% (6.09% - CME Term SOFR 1 Month), 09/20/2047<sup>(d)(e)</sup> |  | 661 | 86058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-43, Class ST<br>1.668% (5.99% - CME Term SOFR 1 Month), 03/20/2047<sup>(d)(e)</sup> |  | 1313 | 159548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-65, Class ST |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.718% (6.04% - CME Term SOFR 1 Month), 04/20/2047<sup>(d)(e)</sup> |  | 1190 | 148422 |
|  |  |  | 1693745 |

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------

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Agency Fixed Rate – 0.1%** | **Agency Fixed Rate – 0.1%** | **Agency Fixed Rate – 0.1%** | **Agency Fixed Rate – 0.1%** |
|  Federal Home Loan Mortgage Corp. REMICS <br>Series 4973, Class BI <br>4.50%, 05/25/2050<sup>(f)</sup> | U.S.$| 3907 | $947488 |
|  Federal National Mortgage Association Grantor Trust <br>Series 2004-T5, Class AB4 <br>4.357%, 05/28/2035 |  | 221 | 216685 |
|  |  |  | 1164173 |
|  **Non-Agency Fixed Rate – 0.1%** | **Non-Agency Fixed Rate – 0.1%** | **Non-Agency Fixed Rate – 0.1%** | **Non-Agency Fixed Rate – 0.1%** |
|  Alternative Loan Trust<br>Series 2005-20CB, Class 3A6<br>5.50%, 07/25/2035 |  | 51 | 33997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-24CB, Class A16<br>5.75%, 08/25/2036 |  | 339 | 166662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-J1, Class 1A13<br>5.50%, 02/25/2036 |  | 137 | 92518 |
|  CHL Mortgage Pass-Through Trust <br>Series 2006-13, Class 1A19 <br>6.25%, 09/25/2036 |  | 73 | 31674 |
|  |  |  | 324851 |
|  Total Collateralized Mortgage Obligations <br>(cost $44,072,679) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49006883 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** |
|  **Non-Agency Floating Rate CMBS – 1.3%** | **Non-Agency Floating Rate CMBS – 1.3%** | **Non-Agency Floating Rate CMBS – 1.3%** | **Non-Agency Floating Rate CMBS – 1.3%** |
|  ALA Trust <br>Series 2025-OANA, Class A <br>6.043% (CME Term SOFR 1 Month + 1.74%), 06/15/2040<sup>(b)(d)</sup> |  | 1520 | 1528440 |
|  AREIT Trust <br>Series 2022-CRE6, Class A <br>5.551% (CME Term SOFR + 1.25%), 01/20/2037<sup>(b)(d)</sup> |  | 1689 | 1685588 |
|  BBCMS Mortgage Trust <br>Series 2020-BID, Class A <br>6.566% (CME Term SOFR 1 Month + 2.25%), 10/15/2037<sup>(b)(d)</sup> |  | 1998 | 1998000 |
|  BFLD Mortgage Trust <br>Series 2021-FPM, Class A <br>6.026% (CME Term SOFR 1 Month + 1.71%), 06/15/2038<sup>(b)(d)</sup> |  | 2976 | 2976000 |
|  BX Commercial Mortgage Trust<br>Series 2019-IMC, Class D<br>6.258% (CME Term SOFR 1 Month + 1.95%), 04/15/2034<sup>(b)(d)</sup> |  | 207 | 202820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-IMC, Class E<br>6.508% (CME Term SOFR 1 Month + 2.20%), 04/15/2034<sup>(b)(d)</sup> |  | 839 | 819464 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  CLNY Trust <br>Series 2019-IKPR, Class D <br>6.701% (CME Term SOFR 1 Month + 2.39%), 11/15/2038<sup>(b)(d)</sup> | U.S.$| 744 | $| 710520 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk <br>Series 2021-MN1, Class M1 <br>6.305% (CME Term SOFR + 2.00%), 01/25/2051<sup>(b)(d)</sup> |  | 91 |  | 90196 |
|  Natixis Commercial Mortgage Securities Trust <br>Series 2019-MILE, Class A <br>5.891% (CME Term SOFR 1 Month + 1.58%), 07/15/2036<sup>(b)(d)</sup> |  | 566 |  | 538075 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10549103 |
|  **Non-Agency Fixed Rate CMBS – 0.5%** | **Non-Agency Fixed Rate CMBS – 0.5%** | **Non-Agency Fixed Rate CMBS – 0.5%** | **Non-Agency Fixed Rate CMBS – 0.5%** | **Non-Agency Fixed Rate CMBS – 0.5%** |
|  GS Mortgage Securities Trust <br>Series 2011-GC5, Class D <br>5.295%, 08/10/2044<sup>(b)</sup> |  | 28 |  | 20587 |
|  GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A1<br>1.433%, 08/15/2026<sup>(g)</sup> |  | 805 |  | 795281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A2<br>2.435%, 08/15/2026<sup>(g)</sup> |  | 1801 |  | 1783869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class AS<br>2.638%, 08/15/2026<sup>(g)</sup> |  | 59 |  | 57920 |
|  HFX Funding <br>Series 2017-1A, Class A3 <br>3.647%, 03/15/2035<sup>(g)</sup> |  | 16 |  | 15565 |
|  JPMBB Commercial Mortgage Securities Trust<br>Series 2013-C14, Class D<br>4.172%, 08/15/2046<sup>(b)</sup> |  | 472 |  | 360326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-C22, Class XA<br>0.549%, 09/15/2047<sup>(f)</sup> |  | 364 |  | 4 |
|  Morgan Stanley Bank of America Merrill Lynch Trust<br>Series 2014-C19, Class D<br>3.25%, 12/15/2047<sup>(b)</sup> |  | 603 |  | 534719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C25, Class XA<br>1.055%, 10/15/2048<sup>(f)</sup> |  | 818 |  | 253 |
|  Wells Fargo Commercial Mortgage Trust <br>Series 2016-NXS6, Class C <br>4.486%, 11/15/2049 |  | 1030 |  | 980396 |
|  |  |  |  | 4548920 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $15,328,638) | Total Commercial Mortgage-Backed Securities <br>(cost $15,328,638) | Total Commercial Mortgage-Backed Securities <br>(cost $15,328,638) |  | 15098023 |

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------

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **AGENCIES – 1.5%** | **AGENCIES – 1.5%** | **AGENCIES – 1.5%** | **AGENCIES – 1.5%** |
|  **Agency Debentures – 1.5%** | **Agency Debentures – 1.5%** | **Agency Debentures – 1.5%** | **Agency Debentures – 1.5%** |
|  Federal Home Loan Banks<br>4.00%, 06/30/2028 | U.S.$| 10600 | $10685436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/08/2028 |  | 1785 | 1837979 |
|  Federal National Mortgage Association<br>6.25%, 05/15/2029 |  | 355 | 386632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/15/2030 |  | 260 | 294169 |
|  Total Agencies <br>(cost $13,106,399) | Total Agencies <br>(cost $13,106,399) | Total Agencies <br>(cost $13,106,399) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13204216 |
|  **INFLATION-LINKED SECURITIES – 1.2%** | **INFLATION-LINKED SECURITIES – 1.2%** | **INFLATION-LINKED SECURITIES – 1.2%** | **INFLATION-LINKED SECURITIES – 1.2%** |
|  **United States – 1.2%** | **United States – 1.2%** | **United States – 1.2%** | **United States – 1.2%** |
|  U.S. Treasury Inflation Index <br>0.25%, 07/15/2029 (TIPS) <br>(cost $9,676,853) |  | 10469 | 10049119 |
|  **CORPORATES - NON-INVESTMENT GRADE – 0.6%** | **CORPORATES - NON-INVESTMENT GRADE – 0.6%** | **CORPORATES - NON-INVESTMENT GRADE – 0.6%** | **CORPORATES - NON-INVESTMENT GRADE – 0.6%** |
|  **Industrial – 0.5%** | **Industrial – 0.5%** | **Industrial – 0.5%** | **Industrial – 0.5%** |
|  **Capital Goods – 0.1%** | **Capital Goods – 0.1%** | **Capital Goods – 0.1%** | **Capital Goods – 0.1%** |
|  Axon Enterprise, Inc.<br>6.125%, 03/15/2030<sup>(b)</sup> |  | 655 | 673831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/2033<sup>(b)</sup> |  | 476 | 491727 |
|  |  |  | 1165558 |
|  **Communications - Media – 0.1%** | **Communications - Media – 0.1%** | **Communications - Media – 0.1%** | **Communications - Media – 0.1%** |
|  VZ Vendor Financing II BV <br>2.875%, 01/15/2029<sup>(b)</sup> | EUR | 540 | 577554 |
|  **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** | **Communications - Telecommunications – 0.0%** |
|  Altice France SA <br>3.375%, 01/15/2028<sup>(g)</sup> |  | 259 | 253059 |
|  **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** |
|  Hilton Domestic Operating Co., Inc.<br>5.875%, 04/01/2029<sup>(b)</sup> | U.S.$| 455 | 464746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 04/01/2032<sup>(b)</sup> |  | 261 | 267262 |
|  |  |  | 732008 |
|  **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** |
|  CVS Health Corp.<br>6.75%, 12/10/2054 |  | 47 | 47210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/10/2055 |  | 786 | 812347 |
|  Organon & Co./Organon Foreign Debt Co-Issuer BV <br>2.875%, 04/30/2028<sup>(b)</sup> | EUR | 320 | 367724 |
|  |  |  | 1227281 |
|  **Energy – 0.1%** | **Energy – 0.1%** | **Energy – 0.1%** | **Energy – 0.1%** |
|  Venture Global Plaquemines LNG LLC <br>6.50%, 01/15/203<sup>(b)</sup> | U.S.$| 890 | 890000 |
|  |  |  | 4845460 |
|  **Utility – 0.1%** | **Utility – 0.1%** | **Utility – 0.1%** | **Utility – 0.1%** |
|  **Electric – 0.1%** | **Electric – 0.1%** | **Electric – 0.1%** | **Electric – 0.1%** |
|  Vistra Corp. <br>7.00%, 12/15/2026<sup>(b)(c)</sup> |  | 648 | 655802 |

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| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Total Corporates - Non-Investment Grade <br>(cost $5,484,724) | Total Corporates - Non-Investment Grade <br>(cost $5,484,724) | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5501262 |
|  **LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.6%** | **LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.6%** | **LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.6%** | **LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.6%** |
|  **United States – 0.6%** | **United States – 0.6%** | **United States – 0.6%** | **United States – 0.6%** |
|  State Board of Administration Finance Corp. <br>(Florida Hurricane Catastrophe Fund)<br>Series 2020-A<br>1.705%, 07/01/2027 | 1634 |  | 1556145 |
|  State of California <br>(State of California)<br>Series 2010<br>7.625%, 03/01/2040 | 2040 |  | 2441827 |
|  University of California <br>(University of California)<br>Series 2021-B<br>3.071%, 05/15/2051 | 2070 |  | 1369359 |
|  Total Local Governments - US Municipal Bonds <br>(cost $5,804,667) | Total Local Governments - US Municipal Bonds <br>(cost $5,804,667) |  | 5367331 |
|  **GOVERNMENTS - SOVEREIGN BONDS – 0.5%** | **GOVERNMENTS - SOVEREIGN BONDS – 0.5%** | **GOVERNMENTS - SOVEREIGN BONDS – 0.5%** | **GOVERNMENTS - SOVEREIGN BONDS – 0.5%** |
|  **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** |
|  Chile Electricity Lux MPC II SARL<br>5.58%, 10/20/2035<sup>(b)</sup> | 873 |  | 874221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.672%, 10/20/2035<sup>(b)</sup> | 319 |  | 321632 |
|  |  |  | 1195853 |
|  **Colombia – 0.1%** | **Colombia – 0.1%** | **Colombia – 0.1%** | **Colombia – 0.1%** |
|  Colombia Government International Bond <br>3.125%, 04/15/2031 | 696 |  | 572286 |
|  **Ecuador – 0.1%** | **Ecuador – 0.1%** | **Ecuador – 0.1%** | **Ecuador – 0.1%** |
|  Amazon Conservation DAC <br>6.034%, 01/16/2042<sup>(b)</sup> | 927 |  | 925628 |
|  **Hungary – 0.1%** | **Hungary – 0.1%** | **Hungary – 0.1%** | **Hungary – 0.1%** |
|  Hungary Government International Bond <br>6.75%, 09/23/2055<sup>(b)</sup> | 1202 |  | 1211616 |
|  **Israel – 0.1%** | **Israel – 0.1%** | **Israel – 0.1%** | **Israel – 0.1%** |
|  Israel Government International Bond <br>Series 5Y <br>5.375%, 02/19/2030 | 446 |  | 455094 |
|  Total Governments - Sovereign Bonds <br>(cost $4,437,598) | Total Governments - Sovereign Bonds <br>(cost $4,437,598) |  | 4360477 |
|  **EMERGING MARKETS - CORPORATE BONDS – 0.5%** | **EMERGING MARKETS - CORPORATE BONDS – 0.5%** | **EMERGING MARKETS - CORPORATE BONDS – 0.5%** | **EMERGING MARKETS - CORPORATE BONDS – 0.5%** |
|  **Industrial – 0.4%** | **Industrial – 0.4%** | **Industrial – 0.4%** | **Industrial – 0.4%** |
|  **Basic – 0.1%** | **Basic – 0.1%** | **Basic – 0.1%** | **Basic – 0.1%** |
|  Braskem Netherlands Finance BV<br>4.50%, 01/10/2028<sup>(b)</sup> | 1136 |  | 975483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 10/15/2034<sup>(b)</sup> | 321 |  | 255965 |
|  Volcan Cia Minera SAA <br>8.75%, 01/24/2030<sup>(b)</sup> | 190 |  | 188219 |
|  |  |  | 1419667 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Communications - Media – 0.1%** | **Communications - Media – 0.1%** | **Communications - Media – 0.1%** |
|  Globo Comunicacao e Participacoes SA <br>4.875%, 01/22/2030<sup>(b)</sup> | 459 | $432814 |
|  **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** | **Consumer Cyclical - Other – 0.1%** |
|  Wynn Macau Ltd. <br>5.625%, 08/26/2028<sup>(b)</sup> | 730 | 715948 |
|  **Energy – 0.1%** | **Energy – 0.1%** | **Energy – 0.1%** |
|  Ecopetrol SA <br>8.625%, 01/19/2029 | 980 | 1035253 |
|  Oleoducto Central SA <br>4.00%, 07/14/2027<sup>(b)</sup> | 248 | 240922 |
|  |  | 1276175 |
|  |  | 3844604 |
|  **Utility – 0.1%** | **Utility – 0.1%** | **Utility – 0.1%** |
|  **Electric – 0.0%** | **Electric – 0.0%** | **Electric – 0.0%** |
|  Terraform Global Operating LP <br>6.125%, 03/01/2026<sup>(b)</sup> | 56 | 55720 |
|  **Other Utility – 0.1%** | **Other Utility – 0.1%** | **Other Utility – 0.1%** |
|  Aegea Finance SARL <br>6.75%, 05/20/2029<sup>(b)</sup> | 431 | 430515 |
|  |  | 486235 |
|  Total Emerging Markets - Corporate Bonds <br>(cost $4,370,869) | Total Emerging Markets - Corporate Bonds <br>(cost $4,370,869) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4330839 |
|  **COLLATERALIZED LOAN OBLIGATIONS – 0.4%** | **COLLATERALIZED LOAN OBLIGATIONS – 0.4%** | **COLLATERALIZED LOAN OBLIGATIONS – 0.4%** |
|  **CLO - Floating Rate – 0.4%** | **CLO - Floating Rate – 0.4%** | **CLO - Floating Rate – 0.4%** |
|  Ballyrock CLO 27 Ltd. <br>Series 2024-27A, Class A1A <br>5.632% (CME Term SOFR 3 Month + 1.35%), 10/25/2037<sup>(b)(d)</sup> | 714 | 714636 |
|  Benefit Street Partners CLO XXXVIII Ltd. <br>Series 2024-38A, Class A <br>5.623% (CME Term SOFR 3 Month + 1.31%), 01/25/2038<sup>(b)(d)</sup> | 819 | 819747 |
|  New Mountain CLO 3 Ltd. <br>Series CLO-3A, Class D <br>7.881% (CME Term SOFR 3 Month + 3.61%), 10/20/2034<sup>(b)(d)</sup> | 250 | 250274 |
|  OCP CLO Ltd. <br>Series 2024-34A, Class A1 <br>5.616% (CME Term SOFR 3 Month + 1.36%), 10/15/2037<sup>(b)(d)</sup> | 561 | 562179 |
|  Rockford Tower CLO Ltd. <br>Series 2021-2A, Class A1 <br>5.691% (CME Term SOFR 3 Month + 1.42%), 07/20/2034<sup>(b)(d)</sup> | 1310 | 1312014 |
|  Total Collateralized Loan Obligations <br>(cost $3,652,619) | Total Collateralized Loan Obligations <br>(cost $3,652,619) | 3658850 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **QUASI-SOVEREIGNS – 0.3%** | **QUASI-SOVEREIGNS – 0.3%** | **QUASI-SOVEREIGNS – 0.3%** |
|  **Quasi-Sovereign Bonds – 0.3%** | **Quasi-Sovereign Bonds – 0.3%** | **Quasi-Sovereign Bonds – 0.3%** |
|  **Chile – 0.2%** | **Chile – 0.2%** | **Chile – 0.2%** |
|  Corp. Nacional del Cobre de Chile <br>6.44%, 01/26/2036<sup>(b)</sup> | 1473 | $1537075 |
|  **Mexico – 0.1%** | **Mexico – 0.1%** | **Mexico – 0.1%** |
|  Comision Federal de Electricidad<br>4.688%, 05/15/2029<sup>(b)</sup> | 478 | 465572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/24/2030<sup>(b)</sup> | 705 | 702885 |
|  |  | 1168457 |
|  Total Quasi-Sovereigns <br>(cost $2,691,165) | Total Quasi-Sovereigns <br>(cost $2,691,165) | 2705532 |
|  **EMERGING MARKETS - SOVEREIGNS – 0.1%** | **EMERGING MARKETS - SOVEREIGNS – 0.1%** | **EMERGING MARKETS - SOVEREIGNS – 0.1%** |
|  **Dominican Republic – 0.1%** | **Dominican Republic – 0.1%** | **Dominican Republic – 0.1%** |
|  Dominican Republic International Bond <br>4.875%, 09/23/2032<sup>(b)</sup> <br>(cost $788,000) | 788 | 726930 |
|  **GOVERNMENTS - SOVEREIGN AGENCIES – 0.0%** | **GOVERNMENTS - SOVEREIGN AGENCIES – 0.0%** | **GOVERNMENTS - SOVEREIGN AGENCIES – 0.0%** |
|  **Kazakhstan – 0.0%** | **Kazakhstan – 0.0%** | **Kazakhstan – 0.0%** |
|  Baiterek National Managing Holding JSC <br>5.45%, 05/08/2028<sup>(b)</sup> <br>(cost $354,148) | 356 | 359823 |
|  **SHORT-TERM INVESTMENTS – 16.6%** | **SHORT-TERM INVESTMENTS – 16.6%** | **SHORT-TERM INVESTMENTS – 16.6%** |
|  **U.S. Treasury Bills – 13.0%** | **U.S. Treasury Bills – 13.0%** | **U.S. Treasury Bills – 13.0%** |
|  U.S. Treasury Bill<br>Zero Coupon, 07/03/2025 | 48743 | 48731913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/14/2025 | 51226 | 50955655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/25/2025 | 11031 | 10920751 |
|  Total U.S. Treasury Bills <br>(cost $110,610,674) | Total U.S. Treasury Bills <br>(cost $110,610,674) | 110608319 |
|  | **Shares** |  |
|  **Investment Companies – 3.6%** | **Investment Companies – 3.6%** | **Investment Companies – 3.6%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.17%<sup>(h) (i) (j)</sup> <br>(cost $30,619,515) | 30619515 | 30619515 |
|  Total Short-Term Investments <br>(cost $141,230,189) | Total Short-Term Investments <br>(cost $141,230,189) | 141227834 |
|  **Total Investments – 111.3%** <br> (cost $975,064,594)<sup>(k)</sup> | **Total Investments – 111.3%** <br> (cost $975,064,594)<sup>(k)</sup> | 948720075 |
|  Other assets less liabilities – (11.3)% | Other assets less liabilities – (11.3)% | (96461741) |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**852258334** |

---

------

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** |  |  |  |  |
| U.S. T-Note 2 Yr (CBT) Futures | 197 | September 2025 | $40980617 | $140942 |
| U.S. T-Note 5 Yr (CBT) Futures | 1535 | September 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167315000 | 2130387 |
| U.S. Ultra Bond (CBT) Futures | 116 | September 2025 | 13818500 | 466409 |
| **Sold Contracts** |  |  |  |  |
| Japan 10 Yr Bond (OSE) Futures | 25 | September 2025 | 24134579 | (62997) |
| U.S. 10 Yr Ultra Futures | 10 | September 2025 | 1142656 | (18374) |
|  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2656367 |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Morgan Stanley Capital Services, Inc. | EUR | 3709 | USD | 4228 | 07/09/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(143000) |
| Morgan Stanley Capital Services, Inc. | USD | 2229 | EUR | 1958 | 07/09/2025 | 78927 |
| State Street Bank & Trust Co. | USD | 1140 | EUR | 990 | 07/09/2025 | 26803 |
| State Street Bank & Trust Co. | JPY | 1185894 | USD | 8212 | 08/08/2025 | (57161) |
|  |  |  |  |  |  | $(94431) |

---

**CENTRALLY CLEARED INTEREST RATE 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 | 4950 | 12/13/2029 | 1.537% | 1 Day<br>SOFR | Annual | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459939 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327984 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131955 |

---

*\*\** *Principal amount less than 500.* 

*(a)* *Position, or a portion thereof, has been segregated to collateralize margin requirements for open centrally cleared swaps.* 

*(b)* *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 June 30, 2025, the aggregate market value of these securities amounted to $203,345,716 or 23.9% of net assets.* 

*(c)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(d)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at June 30, 2025.* 

*(e)* *Inverse interest only security.* 

*(f)* *IO - Interest Only.* 

*(g)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.34% of net assets as of June 30, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Altice France SA <br>3.375%, 01/15/2028* | *12/15/2021* | $*288579* | | $*253059* | | *0.03%* |
|  *GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A1 <br>1.433%, 08/15/2026* | *12/20/2021-<br>08/03/2023* | *768400* | | *795281* | | *0.09%* |
|  *GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A2 <br>2.435%, 08/15/2026* | *02/25/2021-<br>09/06/2022* | *1814647* | | *1783869* | | *0.21%* |
|  *GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class AS <br>2.638%, 08/15/2026* | *02/25/2021-<br>04/01/2021* | *59374* | | *57920* | | *0.01%* |
|  *HFX Funding <br>Series 2017-1A, Class A3 <br>3.647%, 03/15/2035* | *11/19/2020* | *16471* | | *15565* | | *0.00%* |

---

*(h)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

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

*(j)* *Affiliated investments.* 

*(k)* *As of June 30, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $17,202,469 and gross unrealized depreciation of investments was $(40,853,097), resulting in net unrealized depreciation of $(23,650,628).* 

*Currency Abbreviations:* 

*EUR – Euro* 

*JPY – Japanese Yen* 

*USD – United States Dollar* 

*Glossary:* 

*ABS – Asset-Backed Securities* 

*ARMs – Adjustable Rate Mortgages* 

*CBT – Chicago Board of Trade* 

*CLO – Collateralized Loan Obligations* 

*CMBS – Commercial Mortgage-Backed Securities* 

*CME – Chicago Mercantile Exchange* 

*OSE – Osaka Securities Exchange* 

*REIT – Real Estate Investment Trust* 

*REMICs – Real Estate Mortgage Investment Conduits* 

*RFUCCT1Y – Refinitiv USD IBOR Consumer Cash Fallbacks Term 1 Year* 

*SOFR – Secured Overnight Financing Rate* 

*TBA – To Be Announced* 

*TIPS – Treasury Inflation Protected Security* 

------

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

**Intermediate Duration Institutional Portfolio** 

**June 30, 2025 (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.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Governments - Treasuries | $— | $244378184 | $— | $244378184 |
| Corporates - Investment Grade |  | 215670448 |  | 215670448 |
| Mortgage Pass-Throughs |  | 178632303 |  | 178632303 |
| Asset-Backed Securities |  | 54442021 |  | 54442021 |
| Collateralized Mortgage Obligations |  | 49006883 |  | 49006883 |
| Commercial Mortgage-Backed Securities |  | 15098023 |  | 15098023 |
| Agencies |  | 13204216 |  | 13204216 |
| Inflation-Linked Securities |  | 10049119 |  | 10049119 |
| Corporates - Non-Investment Grade |  | 5501262 |  | 5501262 |
| Local Governments - US Municipal Bonds |  | 5367331 |  | 5367331 |
| Governments - Sovereign Bonds |  | 4360477 |  | 4360477 |
| Emerging Markets - Corporate Bonds |  | 4330839 |  | 4330839 |
| Collateralized Loan Obligations |  | 3658850 |  | 3658850 |
| Quasi-Sovereigns |  | 2705532 |  | 2705532 |
| Emerging Markets - Sovereigns |  | 726930 |  | 726930 |
| Governments - Sovereign Agencies |  | 359823 |  | 359823 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 110608319 |  | 110608319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 30619515 |  |  | 30619515 |
| Total Investments in Securities | 30619515 | 918100560 |  | 948720075 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Futures | 2737738 |  |  | 2737738 |
| Forward Currency Exchange Contracts |  | 105730 |  | 105730 |
| Centrally Cleared Interest Rate Swaps |  | 459939 |  | 459939 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Futures | (81371) |  |  | (81371) |
| Forward Currency Exchange Contracts |  | (200161) |  | (200161) |
| **Total** | $**33275882** | $**918466068** | $**—** | $**951741950** |

---

------

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments 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 nine months ended June 30, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio** | **Market Value<br>09/30/2024<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>06/30/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40682 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412528 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422590 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30620 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930 |

---

## 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 II INC

- **b. Investment Company Act file number:** 811-21034

- **c. CIK number of Registrant:** 0001166729

- **d. LEI of Registrant:** 549300XBDNFQ7T12YS53

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

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

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

- **a. Name of Series:** Bernstein Intermediate Duration Institutional Portfolio

- **b. EDGAR series identifier (if any):** S000011063

- **c. LEI of Series:** 549300XBDNFQ7T12YS53

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $945740401.51

**Total Liabilities:** $98111270.64

**Net Assets:** $847629130.87

**Delayed Delivery Securities:** $4213484.84

**Cash Not Reported:** $154174.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -882.78000000 | **1-Year:** -19013.54000000 | **5-Year:** -54625.24000000 | **10-Year:** -45107.68000000 | **30-Year:** -6705.94000000

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

- **3-Month:** -298.41000000 | **1-Year:** -3815.75000000 | **5-Year:** -6383.77000000 | **10-Year:** -2032.98000000 | **30-Year:** -535.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030507 | 0.51%                | -0.72%               | 1.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-976093.19              | $787995.89                                 |
| Month 2  | $383711.31               | $-8357542.00                               |
| Month 3  | $-339289.90              | $9209288.25                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Index

- **Index Identifier:** LBUSTRUU:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140XGCD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    3836989 | PA      | $3222130.97   | 0.38%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     336971 | PA      | $336970.09    | 0.04%             | 2042-01-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                     | Ballyrock CLO 27 Ltd                                                                                      | CUSIP: 05874UAA3<br>LEI: 254900WCB773D35B5908 | Long             | ABS-CBDO         | CORP              | KY        |     713679 | PA      | $714636.04    | 0.08%             | 2037-10-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140K3BF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     998397 | PA      | $914123.02    | 0.11%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31412EJ72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        864 | PA      | $885.81       | 0.00%             | 2037-02-01      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                           | Imperial Brands Finance PLC                                                                               | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    1460000 | PA      | $1496689.80   | 0.18%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                      | CaixaBank SA                                                                                              | CUSIP: 12803RAH7<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |     843000 | PA      | $882182.64    | 0.10%             | 2035-03-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                          | CenterPoint Energy Houston Electric LLC                                                                   | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    1731000 | PA      | $1730290.29   | 0.20%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance Trust                | Prosper Marketplace Issuance Trust Series 2024-1                                                          | CUSIP: 74363CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     225057 | PA      | $225370.33    | 0.03%             | 2029-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                         | Nelnet Student Loan Trust 2021-B                                                                          | CUSIP: 64034QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     620000 | PA      | $545660.08    | 0.06%             | 2062-04-20      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                            | Santander Holdings USA Inc                                                                                | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     958000 | PA      | $983569.02    | 0.12%             | 2031-03-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                             | Chile Electricity Lux Mpc II Sarl                                                                         | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     872912 | PA      | $874221.34    | 0.10%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                            | Banque Federative du Credit Mutuel SA                                                                     | CUSIP: 06675DCN0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    1937000 | PA      | $2008262.23   | 0.24%             | 2030-01-22      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      51400 | PA      | $38463.66     | 0.00%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae                                                                                                | CUSIP: 21H052678<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    5035554 | PA      | $5040556.32   | 0.59%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3914300 | PA      | $3768736.97   | 0.44%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140QLGX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    5802439 | PA      | $4620760.06   | 0.55%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3133B93N2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2903395 | PA      | $2434511.55   | 0.29%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                | Alternative Loan Trust 2005-20CB                                                                          | CUSIP: 12667GQL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      50557 | PA      | $33997.52     | 0.00%             | 2035-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                                       | Cencosud SA                                                                                               | CUSIP: 15132HAJ0<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |     363000 | PA      | $373708.50    | 0.04%             | 2031-05-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 3132Y3ZC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     307928 | PA      | $307647.06    | 0.04%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                                                  | CUSIP: 38376MJL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1313010 | PA      | $159547.94    | 0.02%             | 2047-03-20      | Floating      | 1.67%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                          | Caterpillar Financial Services Corp                                                                       | CUSIP: 14913UAX8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |      44000 | PA      | $45060.40     | 0.01%             | 2030-01-08      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                          | Florida Power & Light Co                                                                                  | CUSIP: 341081GU5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     694000 | PA      | $715514.00    | 0.08%             | 2034-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                    | Mastercard Inc                                                                                            | CUSIP: 57636QBC7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    1365000 | PA      | $1341603.90   | 0.16%             | 2035-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                                                  | CUSIP: 53944YAU7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     420000 | PA      | $416980.20    | 0.05%             | 2033-08-11      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                                                      | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    2019000 | PA      | $2050980.96   | 0.24%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds           | Colombia Government International Bonds                                                                   | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     696000 | PA      | $572286.00    | 0.07%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140E6KV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      39559 | PA      | $35285.41     | 0.00%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Federal National Mortgage Association                                                                     | CUSIP: 31359MGK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |     260000 | PA      | $294169.47    | 0.03%             | 2030-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                            | Pacific Gas and Electric Co                                                                               | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     340000 | PA      | $345463.80    | 0.04%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                    | Carvana Auto Receivables Trust 2024-P4                                                                    | CUSIP: 14076LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     757657 | PA      | $757625.56    | 0.09%             | 2028-02-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                                                | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     390000 | PA      | $377352.30    | 0.04%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                    | Capital One NA                                                                                            | CUSIP: 25466AAN1<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |     386000 | PA      | $396973.98    | 0.05%             | 2028-08-09      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 31346YA29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     350004 | PA      | $320678.93    | 0.04%             | 2049-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                                                  | CUSIP: 38380B6Y6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1189722 | PA      | $148421.96    | 0.02%             | 2047-04-20      | Floating      | 1.72%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                  | Societe Generale SA                                                                                       | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     636000 | PA      | $643651.08    | 0.08%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140JXTG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1046933 | PA      | $957253.10    | 0.11%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                 | Cisco Systems Inc                                                                                         | CUSIP: 17275RBX9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    2030000 | PA      | $2075106.60   | 0.24%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     418633 | PA      | $417818.64    | 0.05%             | 2041-12-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                          | Brex Commercial Charge Card Master Trust                                                                  | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1188000 | PA      | $1197095.57   | 0.14%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA6                                                                   | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |    2308773 | PA      | $2317503.66   | 0.27%             | 2041-10-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                       | Vistra Corp                                                                                               | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     648000 | PA      | $655801.92    | 0.08%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                           | GLP Capital LP / GLP Financing II Inc                                                                     | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              |  | US        |    1036000 | PA      | $913845.24    | 0.11%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bond                                                                     | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     788000 | PA      | $726930.00    | 0.09%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                          | AT&T Inc                                                                                                  | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     408000 | PA      | $388738.32    | 0.05%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                            | Philip Morris International Inc                                                                           | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    1688000 | PA      | $1743383.28   | 0.21%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| University of California                          | UNIV OF CALIFORNIA CA REVENUES                                                                            | CUSIP: 91412HKE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    2070000 | PA      | $1369358.41   | 0.16%             | 2051-05-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                  | Altria Group Inc                                                                                          | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    1745000 | PA      | $1657907.05   | 0.20%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     544124 | PA      | $555320.85    | 0.07%             | 2043-01-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust        | JPMBB Commercial Mortgage Securities Trust 2013-C14                                                       | CUSIP: 46640LAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     472496 | PA      | $360325.45    | 0.04%             | 2046-08-15      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                         | Uniform Mortgage-Backed Security, TBA                                                                     | CUSIP: 01F062671<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5582986 | PA      | $5762688.92   | 0.68%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                               | LYB International Finance III LLC                                                                         | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     334000 | PA      | $346591.80    | 0.04%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                           | Hyundai Capital America                                                                                   | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      35000 | PA      | $34721.05     | 0.00%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Inflation-Indexed Notes                                                                     | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10468685 | PA      | $10049119.41  | 1.19%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                             | GSF 2021 1 ISSUER LLC                                                                                     | CUSIP: 36261CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1801000 | PA      | $1783869.43   | 0.21%             | 2026-08-17      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                   | AREIT 2022-CRE6 Trust                                                                                     | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1688754 | PA      | $1685588.14   | 0.20%             | 2037-01-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                  | Hewlett Packard Enterprise Co                                                                             | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     791000 | PA      | $791838.46    | 0.09%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                                                | CUSIP: 05367AAH6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     350000 | PA      | $349930.00    | 0.04%             | 2025-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                             | Chile Electricity Lux Mpc II Sarl                                                                         | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     319000 | PA      | $321631.75    | 0.04%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                | Ally Financial Inc                                                                                        | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     976000 | PA      | $1026264.00   | 0.12%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                           | Hyundai Capital America                                                                                   | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     513000 | PA      | $518755.86    | 0.06%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     809356 | PA      | $828259.75    | 0.10%             | 2042-05-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Non Gold Pool                                                                                 | CUSIP: 3128NHRW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        107 | PA      | $111.22       | 0.00%             | 2036-12-01      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                                                               | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     764000 | PA      | $749820.16    | 0.09%             | 2026-11-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                          | International Business Machines Corp                                                                      | CUSIP: 459200LH2<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    2010000 | PA      | $2050762.80   | 0.24%             | 2032-02-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FIN                                     | Takeda US Financing Inc                                                                                   | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |    2111000 | PA      | $2111168.88   | 0.25%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                             | Athene Global Funding                                                                                     | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    2182000 | PA      | $2201463.44   | 0.26%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIEMEX ENERGIA - BANC AC                          | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                                          | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     476246 | PA      | $481496.52    | 0.06%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                 | NatWest Group PLC                                                                                         | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    1742000 | PA      | $1771457.22   | 0.21%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                         | Nelnet Student Loan Trust 2021-D                                                                          | CUSIP: 64034YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     798000 | PA      | $711630.31    | 0.08%             | 2062-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31417EJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     488515 | PA      | $458360.03    | 0.05%             | 2043-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31410KA79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        282 | PA      | $291.56       | 0.00%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-HQA2                                                                   | CUSIP: 35564KFV6<br>LEI: 5493000ISM9M3KNO6J64 | Long             | ABS-MBS          | USGSE             | US        |     975064 | PA      | $998221.65    | 0.12%             | 2033-12-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                  | Societe Generale SA                                                                                       | CUSIP: 83368RBH4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    1389000 | PA      | $1349066.25   | 0.16%             | 2028-01-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                          | OCP SA                                                                                                    | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     689000 | PA      | $696751.25    | 0.08%             | 2030-04-29      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31402QY39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      43213 | PA      | $44544.33     | 0.01%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                              | Las Vegas Sands Corp                                                                                      | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     435000 | PA      | $448659.00    | 0.05%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                 | General Mills Inc                                                                                         | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     496000 | PA      | $498837.12    | 0.06%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                               | Axon Enterprise Inc                                                                                       | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     476000 | PA      | $491727.04    | 0.06%             | 2033-03-05      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                            | Mondelez International Inc                                                                                | CUSIP: 609207BG9<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    1311000 | PA      | $1309584.12   | 0.15%             | 2030-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    8105000 | PA      | $7317295.31   | 0.86%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                        | Affirm Asset Securitization Trust 2024-X2                                                                 | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     576310 | PA      | $576597.09    | 0.07%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                            | Standard Chartered PLC                                                                                    | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     217000 | PA      | $221645.97    | 0.03%             | 2029-01-21      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust             | Wells Fargo Commercial Mortgage Trust 2016-NXS6                                                           | CUSIP: 95000KBH7<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |    1030000 | PA      | $980396.23    | 0.12%             | 2049-11-15      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                             | Time Warner Cable LLC                                                                                     | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     505000 | PA      | $402005.25    | 0.05%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1038131 | PA      | $1059869.48   | 0.13%             | 2043-05-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5930600 | PA      | $5414684.12   | 0.64%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                                | Aegea Finance Sarl                                                                                        | CUSIP: 000000000<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |     431000 | PA      | $430515.13    | 0.05%             | 2029-05-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-DNA7                                                                   | CUSIP: 35564KL31<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-MBS          | USGSE             | US        |     764256 | PA      | $774301.04    | 0.09%             | 2052-03-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                | BMW US Capital LLC                                                                                        | CUSIP: 05565ECQ6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    1889000 | PA      | $1899408.39   | 0.22%             | 2027-08-13      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                    | Morgan Stanley                                                                                            | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     174000 | PA      | $176552.58    | 0.02%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 3132XXD22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     262324 | PA      | $256021.18    | 0.03%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENA MASTER TRUST                                  | ENA Master Trust                                                                                          | CUSIP: 29249BAA3<br>LEI: 549300CBCHB6Q73VG753 | Long             | DBT              | CORP              | PA        |     380000 | PA      | $274907.20    | 0.03%             | 2048-05-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust        | JPMBB Commercial Mortgage Securities Trust 2014-C22                                                       | CUSIP: 46642NBF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     363920 | PA      | $3.78         | 0.00%             | 2047-09-15      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2019-IMC                                                                     | CUSIP: 05608BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     206696 | PA      | $202820.45    | 0.02%             | 2034-04-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                  | Altice France SA                                                                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     259000 | PA      | $253059.30    | 0.03%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                            | Westinghouse Air Brake Technologies Corp                                                                  | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    2075000 | PA      | $2102784.25   | 0.25%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MetLife Capital Trust IV                          | MetLife Capital Trust IV                                                                                  | CUSIP: 591560AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     970000 | PA      | $1063381.90   | 0.13%             | 2037-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                          | Devon Energy Corp                                                                                         | CUSIP: 25179MBG7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1845242.00   | 0.22%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     387000 | PA      | $285185.74    | 0.03%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2022-1 Ltd                                                                                  | CUSIP: 078774AB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |     378881 | PA      | $380156.48    | 0.04%             | 2032-01-26      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds                | Japan Government Thirty Year Bonds                                                                        | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 1270600000 | PA      | $8092205.72   | 0.95%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4498700 | PA      | $4465135.47   | 0.53%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust      | American Credit Acceptance Receivables Trust 2025-2                                                       | CUSIP: 024938AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1999000 | PA      | $2004532.43   | 0.24%             | 2029-05-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                    | ACM Auto Trust 2025-2                                                                                     | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1953039 | PA      | $1955475.64   | 0.23%             | 2028-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3998700 | PA      | $3581335.69   | 0.42%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                       | Oracle Corp                                                                                               | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    1652000 | PA      | $1688690.92   | 0.20%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                               | Intesa Sanpaolo SpA                                                                                       | CUSIP: 46115HCD7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |     919000 | PA      | $1030548.22   | 0.12%             | 2033-11-28      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                             | Alibaba Group Holding Ltd                                                                                 | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    1255000 | PA      | $1109846.70   | 0.13%             | 2031-02-09      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                                                | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     212000 | PA      | $206591.88    | 0.02%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                           | GLP Capital LP / GLP Financing II Inc                                                                     | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              |  | US        |     364000 | PA      | $343313.88    | 0.04%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC               | PURCHASED USD / SOLD EUR                                                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-143000.15   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   13171800 | PA      | $13532995.39  | 1.60%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138WJGA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     659822 | PA      | $634939.20    | 0.07%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2357000 | PA      | $1545676.41   | 0.18%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                      | KBC Group NV                                                                                              | CUSIP: 48241FAD6<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    1350000 | PA      | $1364850.00   | 0.16%             | 2030-10-16      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | US ULTRA BOND CBT SEP25                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        116 | NC      | $466409.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bills                                                                                       | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   48743300 | PA      | $48731913.08  | 5.75%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                                                        | CUSIP: 3137FTV38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3301647 | PA      | $370130.85    | 0.04%             | 2050-06-25      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     407108 | PA      | $406978.35    | 0.05%             | 2044-02-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                            | Tesla Auto Lease Trust 2024-A                                                                             | CUSIP: 88166VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     591000 | PA      | $592758.52    | 0.07%             | 2027-06-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                  | BAT Capital Corp                                                                                          | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    1614000 | PA      | $1650976.74   | 0.19%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae                                                                                                | CUSIP: 21H042679<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    7444839 | PA      | $7122983.72   | 0.84%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                 | Kinder Morgan Inc                                                                                         | CUSIP: 49456BBC4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     483000 | PA      | $500557.05    | 0.06%             | 2035-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                         | Uniform Mortgage-Backed Security, TBA                                                                     | CUSIP: 01F022675<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   11043796 | PA      | $9155560.89   | 1.08%             | 2055-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit          | Ford Credit Auto Owner Trust 2021-REV1                                                                    | CUSIP: 345340AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1390000 | PA      | $1356545.90   | 0.16%             | 2033-10-17      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 30711XBF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      75913 | PA      | $77113.57     | 0.01%             | 2028-04-25      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                      | UBS Group AG                                                                                              | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    1265000 | PA      | $1148847.70   | 0.14%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                   | Tyson Foods Inc                                                                                           | CUSIP: 902494BM4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |     600000 | PA      | $620814.00    | 0.07%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                            | Standard Chartered PLC                                                                                    | CUSIP: 853254CT5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     407000 | PA      | $413296.29    | 0.05%             | 2027-07-06      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                          | Comision Federal de Electricidad                                                                          | CUSIP: 200447AN0<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     705000 | PA      | $702885.00    | 0.08%             | 2030-01-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138EHUP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     280253 | PA      | $263584.31    | 0.03%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                         | Uniform Mortgage-Backed Security, TBA                                                                     | CUSIP: 01F052672<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   16035182 | PA      | $16028910.64  | 1.89%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                   | DR Horton Inc                                                                                             | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |     763000 | PA      | $769798.33    | 0.09%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418FHW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    3639985 | PA      | $3481152.27   | 0.41%             | 2055-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust            | Santander Drive Auto Receivables Trust 2024-4                                                             | CUSIP: 802919AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     419080 | PA      | $419501.20    | 0.05%             | 2027-07-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418FGY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4075014 | PA      | $4074986.89   | 0.48%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                          | Delta Air Lines Inc / SkyMiles IP Ltd                                                                     | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     136468 | PA      | $136225.95    | 0.02%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                                                            | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    1304000 | PA      | $1431048.72   | 0.17%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                        | Hasbro Inc                                                                                                | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |     450000 | PA      | $464040.00    | 0.05%             | 2034-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                    | Carvana Auto Receivables Trust 2021-N4                                                                    | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     158046 | PA      | $153544.80    | 0.02%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                     | Aircastle Ltd                                                                                             | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |     310000 | PA      | $320257.90    | 0.04%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac Stacr Remic Trust 2025-Hqa1                                                                   | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |    1410281 | PA      | $1408081.40   | 0.17%             | 2045-02-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20753XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1544519 | PA      | $1604616.23   | 0.19%             | 2042-03-25      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                                                               | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      67000 | PA      | $59101.37     | 0.01%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31385XJW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     132337 | PA      | $135953.33    | 0.02%             | 2033-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae II Pool                                                                                        | CUSIP: 36179SB71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     387326 | PA      | $346809.15    | 0.04%             | 2046-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     785862 | PA      | $790286.07    | 0.09%             | 2043-07-25      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                           | Hyundai Capital America                                                                                   | CUSIP: 44891ACN5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     871000 | PA      | $905343.53    | 0.11%             | 2028-09-21      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust      | Arivo Acceptance Auto Loan Receivables Trust 2024-1                                                       | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     126141 | PA      | $127020.11    | 0.01%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3798600 | PA      | $2137899.56   | 0.25%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                            | Standard Chartered PLC                                                                                    | CUSIP: 85325C2H4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    1087000 | PA      | $1102804.98   | 0.13%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                                                | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    1131000 | PA      | $1113152.82   | 0.13%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                      | AES Andes SA                                                                                              | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    1242000 | PA      | $1270566.00   | 0.15%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1064017 | PA      | $1071281.30   | 0.13%             | 2041-11-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| HFX FUNDING ISSUER                                | HFX FUNDING ISSUER                                                                                        | CUSIP: 40422GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      15644 | PA      | $15565.18     | 0.00%             | 2035-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS NC                          | Duke Energy Carolinas NC Storm Funding LLC                                                                | CUSIP: 26443KAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     920000 | PA      | $712273.20    | 0.08%             | 2043-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                          | Dext ABS 2023-1 LLC                                                                                       | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     572758 | PA      | $574707.48    | 0.07%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                                                  | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     215000 | PA      | $209347.65    | 0.02%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1943400 | PA      | $1672538.63   | 0.20%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 3132Y3ZL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     691507 | PA      | $673379.88    | 0.08%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31417VPC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       8301 | PA      | $8396.95      | 0.00%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                    | Carvana Auto Receivables Trust 2021-N3                                                                    | CUSIP: 14687GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      96994 | PA      | $93484.06     | 0.01%             | 2028-06-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                   | CVS Health Corp                                                                                           | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     786000 | PA      | $812346.72    | 0.10%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FPL72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     167305 | PA      | $161057.37    | 0.02%             | 2032-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   18837800 | PA      | $18849573.63  | 2.22%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| L Street Securities                               | Wells Fargo Credit Risk Transfer Securities Trust 2015                                                    | CUSIP: 949771AC3<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |     142269 | PA      | $148282.09    | 0.02%             | 2025-11-25      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                            | AS Mileage Plan IP Ltd                                                                                    | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     752000 | PA      | $745668.16    | 0.09%             | 2031-10-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-HQA4                                                                   | CUSIP: 35564KNS4<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | USGSE             | US        |    1530017 | PA      | $1547137.89   | 0.18%             | 2041-12-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                          | Plains All American Pipeline LP / PAA Finance Corp                                                        | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1842000 | PA      | $1875063.90   | 0.22%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31371K3A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      69234 | PA      | $71106.28     | 0.01%             | 2033-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                              | Saudi Arabian Oil Co                                                                                      | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     772000 | PA      | $718963.60    | 0.08%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                               | Braskem Netherlands Finance BV                                                                            | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     321000 | PA      | $255965.40    | 0.03%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                       | Long: BS2LOP2   IRS USD R V 00MSOFR IS2LOQ3 CCPOIS / Short: BS2LOP2   IRS USD P F  1.53700 IS2LOP2 CCPOIS | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    4950000 | OU      | $459939.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                                             | CUSIP: 571903BT9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |      47000 | PA      | $47605.36     | 0.01%             | 2032-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                            | Mizuho Financial Group Inc                                                                                | CUSIP: 60687YDD8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |     550000 | PA      | $565268.00    | 0.07%             | 2030-05-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                                                         | CUSIP: 3136AUZQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1018701 | PA      | $116010.22    | 0.01%             | 2047-01-25      | Floating      | 1.58%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Issuance Trust 2024-2                                                                             | CUSIP: 68377KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     217190 | PA      | $217447.26    | 0.03%             | 2032-02-09      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                                                               | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1123000 | PA      | $1132320.90   | 0.13%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Israel Electric Corp Ltd                          | Israel Electric Corp Ltd                                                                                  | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |     354000 | PA      | $343464.96    | 0.04%             | 2028-08-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                     | UniCredit SpA                                                                                             | CUSIP: 904678AU3<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     459000 | PA      | $456654.51    | 0.05%             | 2026-09-22      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust 2025-1                   | AutoNation Finance Trust 2025-1                                                                           | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2092000 | PA      | $2094095.35   | 0.25%             | 2028-04-10      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II                           | Alexander Funding Trust II                                                                                | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     406000 | PA      | $434115.50    | 0.05%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                           | Simon Property Group LP                                                                                   | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    1112000 | PA      | $1082532.00   | 0.13%             | 2034-09-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                               | Braskem Netherlands Finance BV                                                                            | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1136000 | PA      | $975483.20    | 0.12%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                       | BNP Paribas SA                                                                                            | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |     751000 | PA      | $728950.64    | 0.09%             | 2028-01-20      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                                                         | CUSIP: 3136AXZN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1303050 | PA      | $162426.22    | 0.02%             | 2047-09-25      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                              | Niagara Mohawk Power Corp                                                                                 | CUSIP: 65364UAT3<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |     652000 | PA      | $650004.88    | 0.08%             | 2034-01-17      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                         | Prosus NV                                                                                                 | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     220000 | PA      | $206635.00    | 0.02%             | 2030-01-21      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                             | GSF 2021 1 ISSUER LLC                                                                                     | CUSIP: 36261CAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      59000 | PA      | $57920.25     | 0.01%             | 2026-08-17      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I        | Research-Driven Pagaya Motor Trust 2024-1                                                                 | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     416252 | PA      | $419843.11    | 0.05%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3132DNA94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1755462 | PA      | $1478546.46   | 0.17%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                         | Prosus NV                                                                                                 | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    1862000 | PA      | $1647870.00   | 0.19%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31411KKA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        152 | PA      | $156.72       | 0.00%             | 2037-03-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                    | Pagaya AI Debt Grantor Trust 2024-5                                                                       | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     386275 | PA      | $389978.54    | 0.05%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                          | Santander UK Group Holdings PLC                                                                           | CUSIP: 80281LAU9<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    1139000 | PA      | $1137120.65   | 0.13%             | 2030-09-11      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                         | Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19                                               | CUSIP: 61764PAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     603432 | PA      | $534719.20    | 0.06%             | 2047-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                        | Affirm Asset Securitization Trust 2024-X1                                                                 | CUSIP: 00834XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      71006 | PA      | $71064.21     | 0.01%             | 2029-05-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                       | Cargill Inc                                                                                               | CUSIP: 141781BZ6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     835000 | PA      | $852618.50    | 0.10%             | 2032-10-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                  | Deutsche Bank AG/New York NY                                                                              | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     764000 | PA      | $764305.60    | 0.09%             | 2026-07-14      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                              | Targa Resources Corp                                                                                      | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     425000 | PA      | $428935.50    | 0.05%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                  | Societe Generale SA                                                                                       | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     502000 | PA      | $507496.90    | 0.06%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                            | Morgan Stanley Bank NA                                                                                    | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    1013000 | PA      | $1034475.60   | 0.12%             | 2028-05-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co                                                                                          | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     635000 | PA      | $629234.20    | 0.07%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MOODY'S CORPORATION                               | Moody's Corp                                                                                              | CUSIP: 615369BA2<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |     960000 | PA      | $969129.60    | 0.11%             | 2034-08-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                       | BNP Paribas SA                                                                                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |     388000 | PA      | $344835.00    | 0.04%             | 2031-02-25      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust             | Mission Lane Credit Card Master Trust                                                                     | CUSIP: 60510MBK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1086000 | PA      | $1088311.77   | 0.13%             | 2030-05-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                | BMW US Capital LLC                                                                                        | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     188000 | PA      | $189034.00    | 0.02%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2774500 | PA      | $2724320.56   | 0.32%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                            | Santander Holdings USA Inc                                                                                | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     132000 | PA      | $134160.84    | 0.02%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CHA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    8268500 | PA      | $8222312.66   | 0.97%             | 2028-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                             | Bank of Ireland Group PLC                                                                                 | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |     365000 | PA      | $376340.55    | 0.04%             | 2030-03-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     363300 | PA      | $276916.91    | 0.03%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | US 2YR NOTE (CBT) SEP25                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        197 | NC      | $140941.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chase Mortgage Finance Corporation                | JPMorgan Chase Bank NA - CHASE                                                                            | CUSIP: 46591HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     155552 | PA      | $157677.04    | 0.02%             | 2047-04-25      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| AMAZON CONSERVATION DAC                           | Amazon Conservation DAC                                                                                   | CUSIP: 02315JAA2<br>LEI: 635400VMJ6EGNYN3YK31 | Long             | DBT              | NUSS              | IE        |     927000 | PA      | $925628.04    | 0.11%             | 2042-01-16      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3133B93R3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1727703 | PA      | $1450847.64   | 0.17%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140QN6A5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2983676 | PA      | $2505556.78   | 0.30%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     320000 | PA      | $367724.15    | 0.04%             | 2028-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                   | Prestige Auto Receivables Trust 2025-1                                                                    | CUSIP: 74113UAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1701000 | PA      | $1701711.53   | 0.20%             | 2027-12-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                        | GLS Auto Receivables Issuer Trust 2024-3                                                                  | CUSIP: 37989AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     631546 | PA      | $632217.78    | 0.07%             | 2027-08-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                    | Carvana Auto Receivables Trust 2024-P3                                                                    | CUSIP: 146919AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     747491 | PA      | $747311.97    | 0.09%             | 2027-11-10      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                          | Banco Bilbao Vizcaya Argentaria SA                                                                        | CUSIP: 05946KAQ4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |     400000 | PA      | $412100.00    | 0.05%             | 2029-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                | Alternative Loan Trust 2006-24CB                                                                          | CUSIP: 02146TAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     339003 | PA      | $166661.76    | 0.02%             | 2036-08-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAJUN GLOBAL LLC                                  | Cajun Global LLC                                                                                          | CUSIP: 12803VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     429981 | PA      | $420885.81    | 0.05%             | 2051-11-20      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4595600 | PA      | $3756903.00   | 0.44%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FHP35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     234455 | PA      | $225977.18    | 0.03%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                           | Eni SpA                                                                                                   | CUSIP: 26874RAQ1<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    2092000 | PA      | $2140367.04   | 0.25%             | 2035-05-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5131300 | PA      | $4688324.47   | 0.55%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                          | Vistra Operations Co LLC                                                                                  | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      62000 | PA      | $62314.96     | 0.01%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                    | Pagaya AI Debt Trust 2024-3                                                                               | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     447642 | PA      | $450630.25    | 0.05%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities INC Mortgage Loan Trust | Deutsche Alt-A Securities Mortgage Loan Trust Series 2006-AR4                                             | CUSIP: 25150PAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     771783 | PA      | $243748.17    | 0.03%             | 2036-12-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2025-DNA2                                                                   | CUSIP: 35564NHZ9<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |     630807 | PA      | $632221.10    | 0.07%             | 2045-05-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                         | Boeing Co/The                                                                                             | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     970000 | PA      | $940841.80    | 0.11%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138WENA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     416165 | PA      | $373105.99    | 0.04%             | 2045-05-01      | Fixed         | 3.00%                 | 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        |   30619515 | NS      | $30619515.27  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   16977200 | PA      | $17275627.26  | 2.04%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                              | Woodside Finance Ltd                                                                                      | CUSIP: 980236AV5<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     802000 | PA      | $819106.66    | 0.10%             | 2035-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MASS MUTUAL LIFE INS CO                           | Massachusetts Mutual Life Insurance Co                                                                    | CUSIP: 575767AN8<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |      11000 | PA      | $7291.24      | 0.00%             | 2070-10-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     128500 | PA      | $98518.34     | 0.01%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital                           | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     537000 | PA      | $494872.35    | 0.06%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3133B6UF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3424036 | PA      | $2996333.57   | 0.35%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                          | Banco Bilbao Vizcaya Argentaria SA                                                                        | CUSIP: 05946KAN1<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |     200000 | PA      | $227116.00    | 0.03%             | 2034-11-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                              | Waste Management Inc                                                                                      | CUSIP: 94106LCB3<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    1884000 | PA      | $1903725.48   | 0.22%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                | Roche Holdings Inc                                                                                        | CUSIP: 771196CP5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    1902000 | PA      | $1904377.50   | 0.22%             | 2029-09-09      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                              | Las Vegas Sands Corp                                                                                      | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     568000 | PA      | $579524.72    | 0.07%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6591400 | PA      | $5536518.54   | 0.65%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                    | Pagaya AI Debt Trust 2024-2                                                                               | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     327907 | PA      | $330382.37    | 0.04%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae II Pool                                                                                        | CUSIP: 36179XX68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3155489 | PA      | $3175242.03   | 0.37%             | 2053-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                           | American Electric Power Co Inc                                                                            | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     681000 | PA      | $711719.91    | 0.08%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                            | Federal Home Loan Banks                                                                                   | CUSIP: 3130AWN63<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   10600000 | PA      | $10685436.00  | 1.26%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                | Alternative Loan Trust 2006-J1                                                                            | CUSIP: 12668BKK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     136764 | PA      | $92518.12     | 0.01%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                                                         | CUSIP: 3136B0DZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     893318 | PA      | $111955.59    | 0.01%             | 2047-12-25      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                          | Comision Federal de Electricidad                                                                          | CUSIP: 200447AL4<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     478000 | PA      | $465572.00    | 0.05%             | 2029-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                               | Axon Enterprise Inc                                                                                       | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     655000 | PA      | $673831.25    | 0.08%             | 2030-03-05      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                          | Discovery Communications LLC                                                                              | CUSIP: 25470DAT6<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     509000 | PA      | $328198.11    | 0.04%             | 2047-09-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FPWG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       7572 | PA      | $7289.76      | 0.00%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Home Equity Asset Trust                           | Home Equity Asset Trust 2007-3                                                                            | CUSIP: 43710TAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4042883 | PA      | $4617239.47   | 0.54%             | 2037-08-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2023-DNA2                                                                   | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |    1962566 | PA      | $1993240.66   | 0.24%             | 2043-04-25      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Hardee's Funding LLC and Carls' Jr Funding LLC    | Hardee's Funding LLC                                                                                      | CUSIP: 411707AH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     467572 | PA      | $444651.36    | 0.05%             | 2050-12-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      27432 | PA      | $28216.65     | 0.00%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                            | Philip Morris International Inc                                                                           | CUSIP: 718172CY3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    1753000 | PA      | $1755191.25   | 0.21%             | 2026-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                               | American Express Co                                                                                       | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    1827000 | PA      | $1847919.15   | 0.22%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                              | Glencore Funding LLC                                                                                      | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     390000 | PA      | $422588.40    | 0.05%             | 2033-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                   | Benefit Street Partners CLO XXXVIII Ltd                                                                   | CUSIP: 08183FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     818614 | PA      | $819746.96    | 0.10%             | 2038-01-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                       | OCP CLO 2024-34 Ltd                                                                                       | CUSIP: 67570MAA8<br>LEI: 213800MLX1S56O7NHK45 | Long             | ABS-CBDO         | CORP              | JE        |     561206 | PA      | $562178.57    | 0.07%             | 2037-10-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140QN6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2323035 | PA      | $1947876.98   | 0.23%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                           | Hyundai Capital America                                                                                   | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     443000 | PA      | $447142.05    | 0.05%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7358900 | PA      | $7389082.97   | 0.87%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                          | Banco de Credito del Peru S.A.                                                                            | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    1447000 | PA      | $1447000.00   | 0.17%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                          | Harley-Davidson Financial Services Inc                                                                    | CUSIP: 41283LBB0<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |      27000 | PA      | $27462.24     | 0.00%             | 2029-06-11      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                         | Uniform Mortgage-Backed Security, TBA                                                                     | CUSIP: 01F060675<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   10459482 | PA      | $10628225.87  | 1.25%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                     | PURCHASED USD / SOLD JPY                                                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-57160.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2024-R05                                                              | CUSIP: 20754XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     321700 | PA      | $321400.15    | 0.04%             | 2044-07-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138WJD88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      27657 | PA      | $26613.59     | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FTUK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     414142 | PA      | $397100.19    | 0.05%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BAITEREK NATIONAL MANAGI                          | Baiterek National Managing Holding JSC                                                                    | CUSIP: 05709VAA2<br>LEI: 984500B4F78F04253804 | Long             | DBT              | NUSS              | KZ        |     356000 | PA      | $359823.44    | 0.04%             | 2028-05-08      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                    | Carvana Auto Receivables Trust 2021-P4                                                                    | CUSIP: 14687KAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     989000 | PA      | $941907.18    | 0.11%             | 2028-09-11      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FPL49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      95030 | PA      | $91163.29     | 0.01%             | 2032-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                          | Caterpillar Financial Services Corp                                                                       | CUSIP: 14913UAN0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    1888000 | PA      | $1897553.28   | 0.22%             | 2026-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                      | Broadcom Inc                                                                                              | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     309000 | PA      | $308162.61    | 0.04%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                            | Williams Cos Inc/The                                                                                      | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     855000 | PA      | $865755.90    | 0.10%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                              | Raizen Fuels Finance SA                                                                                   | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    1177000 | PA      | $1152724.38   | 0.14%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                                                  | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     298000 | PA      | $300985.96    | 0.04%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                                                         | CUSIP: 404280DS5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     767000 | PA      | $885961.70    | 0.10%             | 2033-11-03      | Fixed         | 8.11%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                             | Continental Resources Inc/OK                                                                              | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    1630000 | PA      | $1370536.60   | 0.16%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust            | Santander Drive Auto Receivables Trust 2023-3                                                             | CUSIP: 80285XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     832000 | PA      | $836391.13    | 0.10%             | 2028-07-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                | Credit Agricole SA                                                                                        | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |     573000 | PA      | $583703.64    | 0.07%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   12176300 | PA      | $12400800.53  | 1.46%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140MA4G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2140038 | PA      | $1794432.37   | 0.21%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1353800 | PA      | $1317152.21   | 0.16%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GLOBO COMMUNICACOES PART                          | Globo Comunicacao e Participacoes SA                                                                      | CUSIP: 000000000<br>LEI: 52990054HEKS017PVR75 | Long             | DBT              | CORP              | BR        |     223000 | PA      | $210277.85    | 0.02%             | 2030-01-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   13313200 | PA      | $8361833.74   | 0.99%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                            | Standard Chartered PLC                                                                                    | CUSIP: 853254AA8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     400000 | PA      | $380548.00    | 0.04%             | 2027-01-30      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                       | BNP Paribas SA                                                                                            | CUSIP: 09659W2W3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    1133000 | PA      | $1163251.10   | 0.14%             | 2030-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                           | Dell International LLC / EMC Corp                                                                         | CUSIP: 24703DBP5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    1930000 | PA      | $1913903.80   | 0.23%             | 2030-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                         | WRKCo Inc                                                                                                 | CUSIP: 96145DAH8<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    1732000 | PA      | $1715667.24   | 0.20%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GCI Funding I LLC                                 | GCI Funding I LLC                                                                                         | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     475482 | PA      | $436707.28    | 0.05%             | 2046-06-18      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4007500 | PA      | $3273000.39   | 0.39%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    8448478 | PA      | $6712086.62   | 0.79%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                                                  | CUSIP: 539439AW9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     461000 | PA      | $527116.62    | 0.06%             | 2033-11-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                    | CPS Auto Receivables Trust 2024-C                                                                         | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     329319 | PA      | $330453.19    | 0.04%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                             | Republic Services Inc                                                                                     | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    2083000 | PA      | $2122160.40   | 0.25%             | 2030-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                 | General Motors Co                                                                                         | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     174000 | PA      | $174360.18    | 0.02%             | 2025-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital                           | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     467000 | PA      | $387876.19    | 0.05%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SMURFIT WESTROCK FIN                              | Smurfit Westrock Financing DAC                                                                            | CUSIP: 83272YAB8<br>LEI: 6354005S6ZLHLVX7VT12 | Long             | DBT              | CORP              | IE        |     215000 | PA      | $217706.85    | 0.03%             | 2035-01-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                           | BPCE SA                                                                                                   | CUSIP: 05571AAU9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    1793000 | PA      | $1858928.61   | 0.22%             | 2035-01-18      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                                | Honda Motor Co Ltd                                                                                        | CUSIP: 438127AD4<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |    2110000 | PA      | $2112468.70   | 0.25%             | 2028-07-08      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Equify ABS, LLC                                   | Equify ABS 2024-1 LLC                                                                                     | CUSIP: 29445TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     804805 | PA      | $805183.31    | 0.09%             | 2033-04-18      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                              | Glencore Funding LLC                                                                                      | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     841000 | PA      | $849216.57    | 0.10%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit Risk                | Freddie Mac Multifamily Structured Credit Risk                                                            | CUSIP: 35563FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      90611 | PA      | $90195.47     | 0.01%             | 2051-01-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                         | ONEOK Inc                                                                                                 | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     707000 | PA      | $742378.28    | 0.09%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                    | ACM Auto Trust 2024-2                                                                                     | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     789352 | PA      | $791442.84    | 0.09%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138WQKW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     150471 | PA      | $141036.42    | 0.02%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                | Credit Agricole SA                                                                                        | CUSIP: 225313AQ8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    1441000 | PA      | $1496997.26   | 0.18%             | 2035-01-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                        | Fiserv Inc                                                                                                | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    2539000 | PA      | $2444752.32   | 0.29%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                       | MetLife Inc                                                                                               | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |      25000 | PA      | $33481.00     | 0.00%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                  | Crown Castle Inc                                                                                          | CUSIP: 22822VBD2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     380000 | PA      | $392490.60    | 0.05%             | 2029-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418FE29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2094454 | PA      | $2053042.47   | 0.24%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6168800 | PA      | $6296995.38   | 0.74%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                             | Neighborly Issuer 2023-1                                                                                  | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1372410 | PA      | $1399946.03   | 0.17%             | 2053-01-30      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5052600 | PA      | $4887008.92   | 0.58%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AB Issuer LLC                                     | AB Issuer LLC                                                                                             | CUSIP: 00091JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2005337 | PA      | $1875431.79   | 0.22%             | 2051-07-30      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140MA4D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1790690 | PA      | $1503741.10   | 0.18%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables Trust                | Lobel Automobile Receivables Trust 2025-1                                                                 | CUSIP: 53948RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1568075 | PA      | $1569007.01   | 0.19%             | 2027-11-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                                              | CUSIP: 06738ECP8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     351000 | PA      | $357718.14    | 0.04%             | 2028-03-12      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140QMZC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1731275 | PA      | $1454387.87   | 0.17%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                                                         | CUSIP: 404280EC9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    1536000 | PA      | $1718369.28   | 0.20%             | 2034-11-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 3128M43N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      81904 | PA      | $84401.99     | 0.01%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                                              | CUSIP: 06738ECV5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     734000 | PA      | $728906.04    | 0.09%             | 2035-09-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1539200 | PA      | $1274169.00   | 0.15%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                          | Omega Healthcare Investors Inc                                                                            | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |     364000 | PA      | $366191.28    | 0.04%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2023-DNA1                                                                   | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |     587720 | PA      | $596353.37    | 0.07%             | 2043-03-25      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                                             | CUSIP: 571903BL6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    1017000 | PA      | $1034370.36   | 0.12%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                          | JH North America Holdings Inc                                                                             | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     470000 | PA      | $474117.20    | 0.06%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2019-IMC                                                                     | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     839400 | PA      | $819464.25    | 0.10%             | 2034-04-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                      | Entegris Inc                                                                                              | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    1270000 | PA      | $1257515.90   | 0.15%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                 | General Mills Inc                                                                                         | CUSIP: 370334DA9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    1398000 | PA      | $1420829.34   | 0.17%             | 2030-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31403DDX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      40932 | PA      | $42302.16     | 0.00%             | 2036-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     998800 | PA      | $892833.56    | 0.11%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1864879 | PA      | $1861969.74   | 0.22%             | 2045-01-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                            | Rockford Tower CLO 2021-2 Ltd                                                                             | CUSIP: 77341LAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1309799 | PA      | $1312013.87   | 0.15%             | 2034-07-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| OCHSNER LSU HEALTH SYST                           | Ochsner LSU Health System of North Louisiana                                                              | CUSIP: 67555JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1480000 | PA      | $1212253.20   | 0.14%             | 2031-05-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                      | UBS Group AG                                                                                              | CUSIP: 225401AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     549000 | PA      | $536976.90    | 0.06%             | 2031-04-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2024-HQA2                                                                   | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | USGSE             | US        |    1396995 | PA      | $1397428.36   | 0.16%             | 2044-08-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4905000 | PA      | $3159318.15   | 0.37%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                 | Corp. Nacional del Cobre de Chile                                                                         | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    1473000 | PA      | $1537075.50   | 0.18%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31402C4H2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      33518 | PA      | $34475.87     | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                  | Deutsche Bank AG/New York NY                                                                              | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     958000 | PA      | $948333.78    | 0.11%             | 2026-11-24      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                               | American Tower Corp                                                                                       | CUSIP: 03027XCC2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     462000 | PA      | $473517.66    | 0.06%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                        | Affirm Asset Securitization Trust 2021-Z2                                                                 | CUSIP: 00834TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       2063 | PA      | $2059.91      | 0.00%             | 2026-11-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31417DRX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     448581 | PA      | $421250.06    | 0.05%             | 2042-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                  | NMEF Funding 2024-A LLC                                                                                   | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1378319 | PA      | $1384350.61   | 0.16%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                                              | CUSIP: 06738ECG8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     740000 | PA      | $785517.40    | 0.09%             | 2034-05-09      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                          | Electricite de France SA                                                                                  | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     366000 | PA      | $413268.90    | 0.05%             | 2033-03-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31402QYV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     160162 | PA      | $164907.60    | 0.02%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co                                                                                          | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    2456000 | PA      | $2243850.72   | 0.26%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                                             | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      44000 | PA      | $45176.56     | 0.01%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     295000 | PA      | $257883.01    | 0.03%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae                                                                                                | CUSIP: 21H040673<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3274982 | PA      | $3043508.89   | 0.36%             | 2054-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                         | College Ave Student Loans 2021-C LLC                                                                      | CUSIP: 19424WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     451742 | PA      | $412471.19    | 0.05%             | 2055-07-26      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2024-HQA1                                                                   | CUSIP: 35564NBX0<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |     954737 | PA      | $956848.23    | 0.11%             | 2044-03-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                    | Pagaya Ai Debt Grantor Trust 2024-9                                                                       | CUSIP: 69546QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1495764 | PA      | $1494106.74   | 0.18%             | 2032-03-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC               | PURCHASED EUR / SOLD USD                                                                                  | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |          1 | NC      | $78926.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138WPG65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1560295 | PA      | $1463776.73   | 0.17%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae                                                                                                | CUSIP: 21H060671<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    7343124 | PA      | $7445945.36   | 0.88%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust           | United Auto Credit Securitization Trust 2025-1                                                            | CUSIP: 90945JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1454125 | PA      | $1454056.66   | 0.17%             | 2027-06-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9349400 | PA      | $5399278.50   | 0.64%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                | Ford Motor Co                                                                                             | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    1299000 | PA      | $1095316.80   | 0.13%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                             | Toronto-Dominion Bank/The                                                                                 | CUSIP: 89116CQJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     661000 | PA      | $662771.48    | 0.08%             | 2034-09-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                                                  | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     746000 | PA      | $755802.44    | 0.09%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                    | JPN 10Y BOND(OSE) SEP25                                                                                   | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |        -25 | NC      | $-62997.12    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3061900 | PA      | $3084385.83   | 0.36%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 31335AY51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     800046 | PA      | $773026.79    | 0.09%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                  | Ryder System Inc                                                                                          | CUSIP: 78355HKZ1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    1458000 | PA      | $1499655.06   | 0.18%             | 2029-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust             | Mission Lane Credit Card Master Trust                                                                     | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     811000 | PA      | $818140.29    | 0.10%             | 2029-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7122900 | PA      | $6797082.95   | 0.80%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC                | Diamond Infrastructure Funding LLC                                                                        | CUSIP: 25265LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     934964 | PA      | $883579.50    | 0.10%             | 2049-04-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                               | Gilead Sciences Inc                                                                                       | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    1892000 | PA      | $1914628.32   | 0.23%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Homebanc Mortgage Trust                           | HomeBanc Mortgage Trust 2005-1                                                                            | CUSIP: 43739EAP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      99459 | PA      | $80354.08     | 0.01%             | 2035-03-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                | Ally Financial Inc                                                                                        | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     291000 | PA      | $294826.65    | 0.03%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     515595 | PA      | $515915.80    | 0.06%             | 2045-02-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Federal National Mortgage Association                                                                     | CUSIP: 31359MEU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |     355000 | PA      | $386631.84    | 0.05%             | 2029-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138WJKC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     384889 | PA      | $370207.17    | 0.04%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810PT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1525000 | PA      | $1587191.41   | 0.19%             | 2037-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INFOR INC                                         | Infor LLC                                                                                                 | CUSIP: 45674CAA1<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |     649000 | PA      | $647987.56    | 0.08%             | 2025-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                          | Lima Metro Line 2 Finance Ltd                                                                             | CUSIP: 532522AB5<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |     207022 | PA      | $194652.86    | 0.02%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| L Street Securities                               | Wells Fargo Credit Risk Transfer Securities Trust 2015                                                    | CUSIP: 949771AG4<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |      34707 | PA      | $36302.47     | 0.00%             | 2025-11-25      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                          | Warnermedia Holdings Inc                                                                                  | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    1826000 | PA      | $1357850.12   | 0.16%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                | Banco Santander SA                                                                                        | CUSIP: 05964HAF2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     200000 | PA      | $196502.00    | 0.02%             | 2028-02-23      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2025-DNA1                                                                   | CUSIP: 35564NFY4<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |    1075495 | PA      | $1073816.86   | 0.13%             | 2045-01-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                          | Volcan Cia Minera SAA                                                                                     | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     190000 | PA      | $188218.75    | 0.02%             | 2030-01-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                      | GS Mortgage Securities Trust 2011-GC5                                                                     | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      27526 | PA      | $20586.54     | 0.00%             | 2044-08-10      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                               | Charles Schwab Corp/The                                                                                   | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    1949000 | PA      | $1919004.89   | 0.23%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                     | PURCHASED EUR / SOLD USD                                                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $18358.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SWISS RE FINANCE LUX                              | Swiss Re Finance Luxembourg SA                                                                            | CUSIP: 000000000<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |     600000 | PA      | $597510.00    | 0.07%             | 2049-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                          | Capital One Financial Corp                                                                                | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     416000 | PA      | $425938.24    | 0.05%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                         | Nelnet Student Loan Trust 2021-C                                                                          | CUSIP: 64035GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     907173 | PA      | $790890.75    | 0.09%             | 2062-04-20      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2025-DNA2                                                                   | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |     602166 | PA      | $602389.21    | 0.07%             | 2045-05-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                | Banco Santander SA                                                                                        | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     800000 | PA      | $795096.00    | 0.09%             | 2028-03-24      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                         | Apple Inc                                                                                                 | CUSIP: 037833ER7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    1148000 | PA      | $904072.96    | 0.11%             | 2062-08-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                                             | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     148000 | PA      | $148020.72    | 0.02%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA7                                                                   | CUSIP: 35564KMH9<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |    2411530 | PA      | $2428755.32   | 0.29%             | 2041-11-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                                                        | CUSIP: 3137BFLM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1015785 | PA      | $110587.36    | 0.01%             | 2044-12-15      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                              | Enel Finance International NV                                                                             | CUSIP: 29278GBE7<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    1836000 | PA      | $1869378.48   | 0.22%             | 2034-06-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                          | Occidental Petroleum Corp                                                                                 | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     578000 | PA      | $579913.18    | 0.07%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                                                        | CUSIP: 3137BYRV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1095220 | PA      | $139686.88    | 0.02%             | 2047-06-15      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Non Gold Pool                                                                                 | CUSIP: 3128NHWD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        286 | PA      | $297.43       | 0.00%             | 2037-03-01      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                    | Starbucks Corp                                                                                            | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    1837000 | PA      | $1853679.96   | 0.22%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1447000 | PA      | $1084628.24   | 0.13%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31410FYE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       2022 | PA      | $2088.57      | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                               | CALIFORNIA ST                                                                                             | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    2040000 | PA      | $2441827.16   | 0.29%             | 2040-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140Q9T37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     412673 | PA      | $401597.42    | 0.05%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                             | Neighborly Issuer 2022-1                                                                                  | CUSIP: 64016NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1947578 | PA      | $1806068.86   | 0.21%             | 2052-01-30      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                      | UBS Group AG                                                                                              | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     440000 | PA      | $437478.80    | 0.05%             | 2034-08-10      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                          | Lima Metro Line 2 Finance Ltd                                                                             | CUSIP: 000000000<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |     330057 | PA      | $334678.18    | 0.04%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   12566800 | PA      | $13018419.38  | 1.54%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                      | Ecopetrol SA                                                                                              | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     980000 | PA      | $1035252.40   | 0.12%             | 2029-01-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                          | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                                                | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     784000 | PA      | $856096.64    | 0.10%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                       | SBNA Auto Receivables Trust 2025-SF1                                                                      | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     424000 | PA      | $424058.00    | 0.05%             | 2031-03-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                          | Principal Life Global Funding II                                                                          | CUSIP: 74256LEY1<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    1265000 | PA      | $1293601.65   | 0.15%             | 2029-01-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                              | Woodside Finance Ltd                                                                                      | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     308000 | PA      | $312219.60    | 0.04%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    8684500 | PA      | $8924002.18   | 1.05%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust             | Mission Lane Credit Card Master Trust                                                                     | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1890000 | PA      | $1905023.61   | 0.22%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140Q9T45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     561037 | PA      | $545980.00    | 0.06%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1671700 | PA      | $1022806.14   | 0.12%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                         | Prosus NV                                                                                                 | CUSIP: 74365PAG3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     489000 | PA      | $478150.31    | 0.06%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                               | American Tower Corp                                                                                       | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     626000 | PA      | $640986.44    | 0.08%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31410GV67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      47921 | PA      | $49330.23     | 0.01%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                    | Wynn Macau Ltd                                                                                            | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     730000 | PA      | $715947.50    | 0.08%             | 2028-08-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2949900 | PA      | $2079564.28   | 0.25%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                            | Engie Energia Chile SA                                                                                    | CUSIP: 000000000<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |     981000 | PA      | $905463.00    | 0.11%             | 2030-01-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                                             | CUSIP: 571903BQ5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     335000 | PA      | $339013.30    | 0.04%             | 2034-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                | Tricolor Auto Securitization Trust 2025-1                                                                 | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1551147 | PA      | $1552697.58   | 0.18%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                                                  | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     526000 | PA      | $511771.70    | 0.06%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                    | Trust Fibra Uno                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |     258000 | PA      | $244338.90    | 0.03%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                            | CHL Mortgage Pass-Through Trust 2006-13                                                                   | CUSIP: 12543TAU9<br>LEI: 5493008WNOU8I3M5WW38 | Long             | ABS-MBS          | CORP              | US        |      72816 | PA      | $31673.84     | 0.00%             | 2036-09-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                                 | Nexa Resources SA                                                                                         | CUSIP: 65290DAB9<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |     441000 | PA      | $459191.25    | 0.05%             | 2034-04-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VZ VENDOR FINANCING                               | VZ Vendor Financing II BV                                                                                 | CUSIP: 000000000<br>LEI: 724500DRKUUR3GFOSK76 | Long             | DBT              | CORP              | NL        |     540000 | PA      | $577553.68    | 0.07%             | 2029-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SODEXO INC                                        | Sodexo Inc                                                                                                | CUSIP: 833794AD2<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |     434000 | PA      | $447484.38    | 0.05%             | 2035-08-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                             | Freeport Indonesia PT                                                                                     | CUSIP: 69377FAA4<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |     324000 | PA      | $323902.80    | 0.04%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                             | Continental Resources Inc/OK                                                                              | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     718000 | PA      | $724526.62    | 0.09%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 3128MJBE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      12621 | PA      | $13033.10     | 0.00%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                | Regal Rexnord Corp                                                                                        | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    1381000 | PA      | $1388692.17   | 0.16%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1995900 | PA      | $2027709.66   | 0.24%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                               | Synchrony Financial                                                                                       | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     661000 | PA      | $666882.90    | 0.08%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                              | Glencore Funding LLC                                                                                      | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     509000 | PA      | $516278.70    | 0.06%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                | Realty Income Corp                                                                                        | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |     230000 | PA      | $230305.90    | 0.03%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                                                | CUSIP: 05369AAD3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |      10000 | PA      | $9988.50      | 0.00%             | 2025-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10740000 | PA      | $10528556.25  | 1.24%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20753ACJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     615681 | PA      | $624594.78    | 0.07%             | 2043-04-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                                                  | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     216000 | PA      | $218916.00    | 0.03%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                     | Lendbuzz Securitization Trust 2025-1                                                                      | CUSIP: 525938AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     225264 | PA      | $225267.66    | 0.03%             | 2026-02-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| TTX CO                                            | TTX Co                                                                                                    | CUSIP: 87305QCQ2<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |    1677000 | PA      | $1698851.31   | 0.20%             | 2026-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810PW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     898700 | PA      | $897436.20    | 0.11%             | 2038-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FMFN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     185480 | PA      | $178345.63    | 0.02%             | 2032-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418CDH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     173724 | PA      | $167237.26    | 0.02%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     932000 | PA      | $646465.78    | 0.08%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                   | Israel Government International Bond                                                                      | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     446000 | PA      | $455093.94    | 0.05%             | 2030-02-14      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3952570 | PA      | $3424262.37   | 0.40%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                           | Dell International LLC / EMC Corp                                                                         | CUSIP: 24703TAP1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     413000 | PA      | $417167.17    | 0.05%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-DNA4                                                                   | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | USGSE             | US        |    1357810 | PA      | $1410934.32   | 0.17%             | 2042-05-25      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                           | Fannie Mae Grantor Trust 2004-T5                                                                          | CUSIP: 31394AXY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     220579 | PA      | $216685.35    | 0.03%             | 2035-05-28      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                          | Capital One Financial Corp                                                                                | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    1163000 | PA      | $1237304.07   | 0.15%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                           | Hungary Government International Bond                                                                     | CUSIP: 445545AX4<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    1202000 | PA      | $1211616.00   | 0.14%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                                             | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     139000 | PA      | $135540.29    | 0.02%             | 2026-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN CLO LTD                              | New Mountain CLO 3 Ltd                                                                                    | CUSIP: 647550AJ1<br>LEI: 549300CEYMYPINCEX579 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250274.25    | 0.03%             | 2034-10-20      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                                | Diamond Issuer LLC                                                                                        | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1940541 | PA      | $1830157.59   | 0.22%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3133KNWY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    5404869 | PA      | $4319357.39   | 0.51%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20755RAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     558494 | PA      | $558494.15    | 0.07%             | 2044-09-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                            | ConocoPhillips Co                                                                                         | CUSIP: 20826FBN5<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    1910000 | PA      | $1813583.20   | 0.21%             | 2065-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                     | Lendbuzz Securitization Trust 2025-2                                                                      | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1366000 | PA      | $1369676.71   | 0.16%             | 2030-05-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140E6KU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     568732 | PA      | $507287.96    | 0.06%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                                                        | CUSIP: 3137FRZU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3906556 | PA      | $947487.80    | 0.11%             | 2050-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 31346YAV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     478254 | PA      | $437436.80    | 0.05%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                          | CenterPoint Energy Houston Electric LLC                                                                   | CUSIP: 15189XBB3<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     153000 | PA      | $153705.33    | 0.02%             | 2033-04-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                      | CaixaBank SA                                                                                              | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |     994000 | PA      | $1017925.58   | 0.12%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                | Banco Santander SA                                                                                        | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     800000 | PA      | $866688.00    | 0.10%             | 2033-08-08      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                                             | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    2031000 | PA      | $2036971.14   | 0.24%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-DNA3                                                                   | CUSIP: 35564KUX5<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | USGSE             | US        |     711298 | PA      | $732636.94    | 0.09%             | 2042-04-25      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31419LZY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     312588 | PA      | $302302.35    | 0.04%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                   | MVW 2021-2 LLC                                                                                            | CUSIP: 55400KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     310216 | PA      | $292944.32    | 0.03%             | 2039-05-20      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1257752 | PA      | $1089638.60   | 0.13%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                          | Mars Inc                                                                                                  | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    1212000 | PA      | $1222059.60   | 0.14%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                     | PURCHASED EUR / SOLD USD                                                                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $8445.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALA Trust                                         | ALA Trust 2025-OANA                                                                                       | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1520361 | PA      | $1528440.05   | 0.18%             | 2040-06-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Hardee's Funding                                  | Hardee's Funding LLC                                                                                      | CUSIP: 411707AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     759743 | PA      | $750115.69    | 0.09%             | 2048-06-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418TDT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       7547 | PA      | $7634.89      | 0.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                    | CPS Auto Receivables Trust 2021-C                                                                         | CUSIP: 12598CAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     369420 | PA      | $366886.62    | 0.04%             | 2027-06-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| MDC Holdings Inc                                  | MDC Holdings Inc                                                                                          | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |     968000 | PA      | $872710.08    | 0.10%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                            | General Motors Financial Co Inc                                                                           | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    1837000 | PA      | $1887388.91   | 0.22%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                          | Sumitomo Mitsui Trust Bank Ltd                                                                            | CUSIP: 86563VBT5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |     306000 | PA      | $307135.26    | 0.04%             | 2027-09-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                              | ERAC USA Finance LLC                                                                                      | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |     517000 | PA      | $522733.53    | 0.06%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                          | Hilton Domestic Operating Co Inc                                                                          | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     455000 | PA      | $464746.10    | 0.05%             | 2029-03-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                                             | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     788000 | PA      | $782263.36    | 0.09%             | 2025-12-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                             | Bank of Ireland Group PLC                                                                                 | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |     571000 | PA      | $572747.26    | 0.07%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                           | Dell International LLC / EMC Corp                                                                         | CUSIP: 24703TAN6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     203000 | PA      | $207289.39    | 0.02%             | 2032-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                          | Sumitomo Mitsui Financial Group Inc                                                                       | CUSIP: 86562MDM9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    1485000 | PA      | $1529772.75   | 0.18%             | 2029-07-09      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                              | Targa Resources Corp                                                                                      | CUSIP: 87612GAP6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     385000 | PA      | $388441.90    | 0.05%             | 2030-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                  | LG Energy Solution Ltd                                                                                    | CUSIP: 50205MAG4<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    2091000 | PA      | $2092672.80   | 0.25%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138X6P58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1050856 | PA      | $1009412.29   | 0.12%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                   | DR Horton Inc                                                                                             | CUSIP: 23331ABS7<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |    1134000 | PA      | $1122206.40   | 0.13%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                             | GSF 2021 1 ISSUER LLC                                                                                     | CUSIP: 36261CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     805469 | PA      | $795280.58    | 0.09%             | 2026-08-06      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                            | Aviation Capital Group LLC                                                                                | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     124000 | PA      | $124080.60    | 0.01%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                     | AIB Group PLC                                                                                             | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    1621000 | PA      | $1649545.81   | 0.19%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                              | Glencore Funding LLC                                                                                      | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     356000 | PA      | $362966.92    | 0.04%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1608479 | PA      | $1616521.09   | 0.19%             | 2045-03-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings Grantor Trust       | Pagaya Point of Sale Holdings Grantor Trust 2025-1                                                        | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     676003 | PA      | $680093.02    | 0.08%             | 2034-01-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC          | Avis Budget Rental Car Funding AESOP LLC                                                                  | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    1016000 | PA      | $1028653.57   | 0.12%             | 2028-02-22      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                                                        | CUSIP: 3137FR3C3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1451930 | PA      | $168822.12    | 0.02%             | 2050-02-25      | Floating      | 1.63%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                                                         | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     581000 | PA      | $515933.81    | 0.06%             | 2032-05-24      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                    | Pagaya AI Debt Grantor Trust 2025-3                                                                       | CUSIP: 69544TAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     265437 | PA      | $265779.84    | 0.03%             | 2032-12-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL LTD                       | CLNY Trust 2019-IKPR                                                                                      | CUSIP: 12564NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     744000 | PA      | $710520.00    | 0.08%             | 2038-11-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Notes                                                                                       | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6399800 | PA      | $6485797.31   | 0.77%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                  | Deutsche Bank AG/New York NY                                                                              | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     323000 | PA      | $331233.27    | 0.04%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754MBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1086212 | PA      | $1113745.04   | 0.13%             | 2042-06-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae II Pool                                                                                        | CUSIP: 36179R7H6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     134041 | PA      | $120019.82    | 0.01%             | 2046-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Funding Trust 2024-3                                                                              | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     591802 | PA      | $591979.76    | 0.07%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                     | Lendbuzz Securitization Trust 2025-1                                                                      | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1697000 | PA      | $1702587.88   | 0.20%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5327100 | PA      | $3682982.16   | 0.43%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31402DP79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     130698 | PA      | $134621.95    | 0.02%             | 2034-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                                                                       | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    2609000 | PA      | $2344186.50   | 0.28%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                               | American Tower Corp                                                                                       | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     466000 | PA      | $460370.72    | 0.05%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                          | AES Panama Generation Holdings SRL                                                                        | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |     458188 | PA      | $416951.19    | 0.05%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1420823 | PA      | $1420814.02   | 0.17%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                | Tricolor Auto Securitization Trust 2024-2                                                                 | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     194432 | PA      | $195033.56    | 0.02%             | 2027-12-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                    | ACM Auto Trust 2025-1                                                                                     | CUSIP: 00161EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     581432 | PA      | $581950.04    | 0.07%             | 2029-06-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1206445 | PA      | $1238750.10   | 0.15%             | 2042-04-25      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Pool                                                                                          | CUSIP: 3133A1B92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1068290 | PA      | $978116.40    | 0.12%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC       | BBCMS 2020-BID Mortgage Trust                                                                             | CUSIP: 05493BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1998000 | PA      | $1998000.00   | 0.24%             | 2037-10-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                    | Pagaya AI Debt Grantor Trust 2025-1                                                                       | CUSIP: 69544NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     277239 | PA      | $277485.53    | 0.03%             | 2032-07-15      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                              | Kallpa Generacion SA                                                                                      | CUSIP: 48344FAB6<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     876000 | PA      | $894544.92    | 0.11%             | 2032-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                    | Var Energi ASA                                                                                            | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    1108000 | PA      | $1255541.28   | 0.15%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                         | Uniform Mortgage-Backed Security, TBA                                                                     | CUSIP: 01F020679<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   13051129 | PA      | $10326703.21  | 1.22%             | 2054-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                                                        | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    1831000 | PA      | $1858776.27   | 0.22%             | 2034-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5490000 | PA      | $4083401.94   | 0.48%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA5                                                                   | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-MBS          | USGSE             | US        |     253211 | PA      | $254332.02    | 0.03%             | 2034-01-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140JYGR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1191879 | PA      | $1090528.48   | 0.13%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp        | FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                                                                  | CUSIP: 341271AE4<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |    1634000 | PA      | $1556144.97   | 0.18%             | 2027-07-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                    | Var Energi ASA                                                                                            | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    1132000 | PA      | $1199704.92   | 0.14%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1567774 | PA      | $1593616.76   | 0.19%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co                                                                                          | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     192000 | PA      | $196959.36    | 0.02%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140HAXF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     521495 | PA      | $477801.75    | 0.06%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | US 5YR NOTE (CBT) SEP25                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       1438 | NC      | $2132028.07   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Inc                                        | Affirm Asset Securitization Trust 2025-X1                                                                 | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1590031 | PA      | $1591519.37   | 0.19%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                            | Engie Energia Chile SA                                                                                    | CUSIP: 29287TAB5<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $206200.00    | 0.02%             | 2034-04-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                       | Viatris Inc                                                                                               | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    1050000 | PA      | $935413.50    | 0.11%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                                             | CUSIP: 571903BS1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     508000 | PA      | $512185.92    | 0.06%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                          | Harley-Davidson Financial Services Inc                                                                    | CUSIP: 41283LBA2<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    1610000 | PA      | $1565048.80   | 0.18%             | 2027-02-14      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                          | Hilton Domestic Operating Co Inc                                                                          | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     261000 | PA      | $267261.39    | 0.03%             | 2032-03-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                             | Toronto-Dominion Bank/The                                                                                 | CUSIP: 89115A3G5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     944000 | PA      | $969554.08    | 0.11%             | 2032-01-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 31335A6X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     509221 | PA      | $491605.54    | 0.06%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA                              | Oleoducto Central SA                                                                                      | CUSIP: 680617AC1<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |     248000 | PA      | $240922.08    | 0.03%             | 2027-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOBO COMMUNICACOES PART                          | Globo Comunicacao e Participacoes SA                                                                      | CUSIP: 37959DAB0<br>LEI: 52990054HEKS017PVR75 | Long             | DBT              | CORP              | BR        |     236000 | PA      | $222536.20    | 0.03%             | 2030-01-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                        | BFLD 2021-FPM Mortgage Trust                                                                              | CUSIP: 05554BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2976000 | PA      | $2976000.00   | 0.35%             | 2038-06-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Ginnie Mae                                                                                                | CUSIP: 21H050672<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   12560719 | PA      | $12333756.86  | 1.46%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                            | Federal Home Loan Banks                                                                                   | CUSIP: 3130AXQK7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    1785000 | PA      | $1837978.80   | 0.22%             | 2028-12-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FHQA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      31547 | PA      | $30345.43     | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities            | Natixis Commercial Mortgage Securities Trust 2019-MILE                                                    | CUSIP: 63875FAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     565512 | PA      | $538074.65    | 0.06%             | 2036-07-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                         | Uniform Mortgage-Backed Security, TBA                                                                     | CUSIP: 01F050676<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    6767000 | PA      | $6631129.47   | 0.78%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association          | Government National Mortgage Association                                                                  | CUSIP: 38380GQ64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     660506 | PA      | $86057.84     | 0.01%             | 2047-09-20      | Floating      | 1.77%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3431600 | PA      | $3070209.63   | 0.36%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                  | T-Mobile USA Inc                                                                                          | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     352000 | PA      | $341774.40    | 0.04%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                                                         | CUSIP: 3136B0CN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     988268 | PA      | $120097.55    | 0.01%             | 2047-12-25      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140FTKL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      39537 | PA      | $38029.12     | 0.00%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                          | Santander UK Group Holdings PLC                                                                           | CUSIP: 80281LAV7<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |     378000 | PA      | $389842.74    | 0.05%             | 2031-04-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                   | Danske Bank A/S                                                                                           | CUSIP: 23636ABJ9<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |     846000 | PA      | $842302.98    | 0.10%             | 2030-10-02      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                           | Nationwide Building Society                                                                               | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    1238000 | PA      | $1208968.90   | 0.14%             | 2028-02-16      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31410F3K9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       1180 | PA      | $1214.97      | 0.00%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac Gold Pool                                                                                     | CUSIP: 3132Y3BL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     521203 | PA      | $507866.29    | 0.06%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                | Ally Financial Inc                                                                                        | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     480000 | PA      | $488740.80    | 0.06%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bills                                                                                       | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   51225500 | PA      | $50955655.34  | 6.01%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                      | Broadcom Inc                                                                                              | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     707000 | PA      | $717498.95    | 0.08%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                            | US 10YR ULTRA FUT SEP25                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -10 | NC      | $-18373.77    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bonds                                                                                       | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7167300 | PA      | $7167020.05   | 0.85%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                   | CVS Health Corp                                                                                           | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      47000 | PA      | $47210.56     | 0.01%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                         | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25                                               | CUSIP: 61765TAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     818003 | PA      | $252.93       | 0.00%             | 2048-10-15      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2022-DNA5                                                                   | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | USGSE             | US        |    2273720 | PA      | $2416631.49   | 0.29%             | 2042-06-25      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                      | UBS Group AG                                                                                              | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    1346000 | PA      | $1346592.24   | 0.16%             | 2026-07-15      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                            | AS Mileage Plan IP Ltd                                                                                    | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     710000 | PA      | $702814.80    | 0.08%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Fannie Mae Connecticut Avenue Securities                                                                  | CUSIP: 20754LAB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2305760 | PA      | $2324394.23   | 0.27%             | 2041-12-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                          | Terraform Global Operating LP                                                                             | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |      56000 | PA      | $55720.00     | 0.01%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                                                         | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    1675000 | PA      | $1530414.00   | 0.18%             | 2031-06-04      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                   | Ross Stores Inc                                                                                           | CUSIP: 778296AC7<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |    1925000 | PA      | $1927541.00   | 0.23%             | 2027-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                 | NatWest Group PLC                                                                                         | CUSIP: 639057AB4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     378000 | PA      | $340732.98    | 0.04%             | 2035-11-28      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140M2LW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    5331790 | PA      | $4665787.02   | 0.55%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 31402CVP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       1466 | PA      | $1508.42      | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                            | Williams Cos Inc/The                                                                                      | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    1242000 | PA      | $1243142.64   | 0.15%             | 2030-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                          | Vistra Operations Co LLC                                                                                  | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     726000 | PA      | $798084.54    | 0.09%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3140M2QB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4184315 | PA      | $3664260.37   | 0.43%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Home Equity Trust                     | Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates Series 2004-1                            | CUSIP: 86359BMW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      26615 | PA      | $26372.09     | 0.00%             | 2034-04-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2024-DNA3                                                                   | CUSIP: 35564NEY5<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |    1268852 | PA      | $1268848.92   | 0.15%             | 2044-10-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae Pool                                                                                           | CUSIP: 3138MFS99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2445658 | PA      | $2299882.25   | 0.27%             | 2042-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                        | Flagship Credit Auto Trust 2024-3                                                                         | CUSIP: 33843YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     477073 | PA      | $477835.95    | 0.06%             | 2028-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller