# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0002071691-26-005850
**Filing Date:** 2026-3
**Character Count:** 301604
**Document Hash:** 695be311ac2a8e50b6eab8bf7ea8d559
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-005850.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0002071691-26-005850

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001048702

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08495
- **FILM NUMBER:** 26773167

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19991015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE INVESTING FOUNDATION III
- **DATE OF NAME CHANGE:** 19971029

## Series and Classes Contracts Data

### Nationwide Bond Portfolio (Series ID: S000071835)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000227359 | Class R6     |  |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-08495

- **c. CIK number of Registrant:** 0001048702

- **d. LEI of Registrant:** 549300NXDT8MH8Z3PQ44

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

  - **Street Address 1:** One Nationwide Plaza

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** Nationwide Bond Portfolio

- **b. EDGAR series identifier (if any):** S000071835

- **c. LEI of Series:** 549300UDNENJLHLCX577

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1757228847.24

**Total Liabilities:** $340147094.37

**Net Assets:** $1417081752.87

**Cash Not Reported:** $7125634.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 641.61811700 | **1-Year:** 31734.63586700 | **5-Year:** 185453.21440700 | **10-Year:** 238849.74262700 | **30-Year:** 17768.08259700

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

- **3-Month:** 0.00000000 | **1-Year:** 1427.16677100 | **5-Year:** 16172.93397500 | **10-Year:** 3239.57418200 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227359 | 0.68%                | -0.08%               | 0.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $418918.85               | $4292841.33                                |
| Month 2  | $668887.08               | $-8521288.98                               |
| Month 3  | $968753.39               | $-1456989.84                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Total Return

- **Index Identifier:** LEHM.MC.LEHMRT00001UUSD

### Schedule of Portfolio Investments

| Name                                                    | Title                                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |     Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4521400 | PA      | $3223616.91   | 0.23%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK5                                                   | BANK5, Series 2025-5YR19, Class A3                                                  | CUSIP: 05494RBL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6000000 | PA      | $6204982.20   | 0.44%             | 2058-12-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179WR26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     3055825 | PA      | $2648470.34   | 0.19%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Mexican Pesos                                       | New Mexican Pesos                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |           1 | OU      | $0.04         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA, Inc.                                               | HCA, Inc.                                                                           | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      500000 | PA      | $500515.89    | 0.04%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DWA60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3020630 | PA      | $2591575.37   | 0.18%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XK6T2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2419420 | PA      | $2096627.63   | 0.15%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                             | Intel Corp.                                                                         | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      426000 | PA      | $431390.92    | 0.03%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Occidental Petroleum Corp.                              | Occidental Petroleum Corp.                                                          | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1586214.00   | 0.11%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QFGN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     3056714 | PA      | $2945543.76   | 0.21%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                           | BLP Commercial Mortgage Trust, Series 2024-IND2, Class A                            | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1434899 | PA      | $1436243.76   | 0.10%             | 2041-03-15      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Graham Holdings Co.                                     | Graham Holdings Co.                                                                 | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |     1615000 | PA      | $1622789.15   | 0.11%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Xilinx, Inc.                                            | Xilinx, Inc.                                                                        | CUSIP: 983919AK7<br>LEI: 6EY4K7ZMF9UX1CU6KC79 | Long             | DBT              | CORP              | US        |      250000 | PA      | $232419.01    | 0.02%             | 2030-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| GNMA                                                    | GNMA                                                                                | CUSIP: 3622ABJ86<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      735266 | PA      | $633420.28    | 0.04%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H042620<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2000000 | PA      | $1952737.46   | 0.14%             | 2056-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                           | Comcast Corp.                                                                       | CUSIP: 20030NEJ6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      531000 | PA      | $545433.36    | 0.04%             | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| AerCap Ireland Capital DAC                              | AerCap Ireland Capital DAC                                                          | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      825000 | PA      | $742800.56    | 0.05%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Xcel Energy, Inc.                                       | Xcel Energy, Inc.                                                                   | CUSIP: 98388MAB3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |      850000 | PA      | $829234.19    | 0.06%             | 2027-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| EQT Corp.                                               | EQT Corp.                                                                           | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      100000 | PA      | $108588.25    | 0.01%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    22602800 | PA      | $19513456.30  | 1.38%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                   | International Business Machines Corp.                                               | CUSIP: 459200KT7<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |      160000 | PA      | $160801.02    | 0.01%             | 2027-07-27      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust, Series 2019-GC41, Class A4                     | CUSIP: 17328FAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $473461.00    | 0.03%             | 2056-08-10      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                              | VMware LLC                                                                          | CUSIP: 928563AF2<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |       35000 | PA      | $35591.57     | 0.00%             | 2030-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, Series 5502, Class FG                                                        | CUSIP: 3137HJSY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1248743 | PA      | $1253389.42   | 0.09%             | 2055-02-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    96330000 | PA      | $129563.61    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CKV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    42040000 | PA      | $42644325.00  | 3.01%             | 2027-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                        | Deutsche Bank AG                                                                    | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      150000 | PA      | $147885.54    | 0.01%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QNDP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2532411 | PA      | $2163998.20   | 0.15%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QPFK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1047358 | PA      | $973681.32    | 0.07%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DP World Crescent Ltd.                                  | DP World Crescent Ltd.                                                              | CUSIP: 260979AA7<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |     1600000 | PA      | $1638588.85   | 0.12%             | 2035-05-08      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Mexico City Airport Trust                               | Mexico City Airport Trust                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MX        |     2510000 | PA      | $2463475.14   | 0.17%             | 2028-04-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Penta CLO DAC                                           | Penta CLO DAC, Series 2021-2A, Class BR                                             | CUSIP: N/A<br>LEI: 635400GBGDCFEEAL3O62       | Long             | ABS-CBDO         | CORP              | IE        |     1740000 | PA      | $2063952.76   | 0.15%             | 2038-04-15      | Floating      | 3.67%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   210563298 | PA      | $213795.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                            | Public Storage Operating Co.                                                        | CUSIP: 74460WAE7<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |     2225000 | PA      | $2017308.93   | 0.14%             | 2031-05-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: —       |
| ROCK Trust                                              | ROCK Trust, Series 2024-CNTR, Class B                                               | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      850000 | PA      | $878155.66    | 0.06%             | 2041-11-13      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| HP, Inc.                                                | HP, Inc.                                                                            | CUSIP: 40434LAK1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |      979000 | PA      | $969140.78    | 0.07%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Balboa Bay Loan Funding Ltd.                            | Balboa Bay Loan Funding Ltd., Series 2020-1A, Class A1RR                            | CUSIP: 05766BAU2<br>LEI: 549300MALKZHG9DP8554 | Long             | ABS-CBDO         | CORP              | KY        |     3625000 | PA      | $3633594.88   | 0.26%             | 2035-10-20      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179VDN7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      134014 | PA      | $121477.75    | 0.01%             | 2050-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand, Inc.                                    | Ingersoll Rand, Inc.                                                                | CUSIP: 45687VAB2<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     1660000 | PA      | $1752923.00   | 0.12%             | 2033-08-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co.                                                                | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     6095000 | PA      | $6048624.49   | 0.43%             | 2037-01-22      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| EIDP, Inc.                                              | EIDP, Inc.                                                                          | CUSIP: 263534CP2<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |      395000 | PA      | $365596.11    | 0.03%             | 2030-07-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DVLR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1204941 | PA      | $1043927.86   | 0.07%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                          | Blackstone Private Credit Fund                                                      | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1303661.96   | 0.09%             | 2032-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                     | Kinder Morgan, Inc.                                                                 | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1376606.56   | 0.10%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| ServiceNow, Inc.                                        | ServiceNow, Inc.                                                                    | CUSIP: 81762PAE2<br>LEI: 549300HJTQM36M0E1G39 | Long             | DBT              | CORP              | US        |      422000 | PA      | $372069.01    | 0.03%             | 2030-09-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | Oracle Corp.                                                                        | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     1735000 | PA      | $1653447.56   | 0.12%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                              | J.P. Morgan Mortgage Trust, Series 2025-2, Class A4A                                | CUSIP: 46593NAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      900646 | PA      | $905818.11    | 0.06%             | 2055-07-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Piedmont Natural Gas Co., Inc.                          | Piedmont Natural Gas Co., Inc.                                                      | CUSIP: 720186AL9<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |      100000 | PA      | $97913.61     | 0.01%             | 2029-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| ROCK Trust                                              | ROCK Trust, Series 2024-CNTR, Class A                                               | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2700000 | PA      | $2777509.98   | 0.20%             | 2041-11-13      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    16220000 | PA      | $896344.74    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                              | Occidental Petroleum Corp.                                                          | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     1452000 | PA      | $1672079.64   | 0.12%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | Treasury Repurchase Agreement                                                       | CUSIP: N/A<br>LEI: OXTKY6Q8X53C9ILVV871       | Long             | RA               | CORP              | US        |     3000000 | PA      | $3000000.00   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Emisiones SA                                 | Telefonica Emisiones SA                                                             | CUSIP: 87938WAV5<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |     1575000 | PA      | $1435910.71   | 0.10%             | 2038-03-06      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2024-PAT, Class A                                                  | CUSIP: 05612FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      650000 | PA      | $649797.07    | 0.05%             | 2041-03-15      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                     | Maryland Economic Development Corp., Series 2024                                    | CUSIP: 574205JB7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |      825000 | PA      | $841634.23    | 0.06%             | 2033-11-30      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO Mortgage Trust, Series 2024-C9, Class A5                                        | CUSIP: 05593MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1300000 | PA      | $1382463.55   | 0.10%             | 2057-07-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                         | Blackstone Secured Lending Fund                                                     | CUSIP: 09261XAH5<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2447886.22   | 0.17%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Province of Ontario Canada                              | Province of Ontario                                                                 | CUSIP: 683234AR9<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |       40000 | PA      | $35203.24     | 0.00%             | 2030-10-07      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| South African Rand                                      | South African Rand                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |         379 | OU      | $23.49        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust          | Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1A         | CUSIP: 617941AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4059314 | PA      | $4108217.60   | 0.29%             | 2070-01-25      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     1430000 | PA      | $918.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2024-HQA2, Class A1                                 | CUSIP: 35564NDY6<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.03         | 0.00%             | 2044-08-25      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     5130000 | PA      | $-5636.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| McCormick & Co., Inc.                                   | McCormick & Co., Inc.                                                               | CUSIP: 579780AR8<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |      250000 | PA      | $249711.84    | 0.02%             | 2026-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -630000 | PA      | $-68.71       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                    | Cheniere Corpus Christi Holdings LLC                                                | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |      945000 | PA      | $953993.05    | 0.07%             | 2027-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Oracle Corp.                                            | Oracle Corp.                                                                        | CUSIP: 68389XCP8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     1244000 | PA      | $1198423.63   | 0.08%             | 2033-02-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XASY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      466825 | PA      | $384546.93    | 0.03%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -330000 | PA      | $-239.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-AIRC, Class A                             | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      910614 | PA      | $912605.70    | 0.06%             | 2041-08-15      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Inflation Linked Bonds                                                | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     9753539 | PA      | $7586657.22   | 0.54%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4                    | CUSIP: 95000LAZ6<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |      265237 | PA      | $264772.28    | 0.02%             | 2059-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | CDI                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    37993521 | PA      | $319071.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| First Horizon Corp.                                     | First Horizon Corp.                                                                 | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |      230000 | PA      | $236850.05    | 0.02%             | 2031-03-07      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H022622<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     8000000 | PA      | $6928131.84   | 0.49%             | 2056-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XJCJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      119182 | PA      | $103297.61    | 0.01%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | 3 Month Euro Euribor                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |         186 | NC      | $14021.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile USA, Inc.                                      | T-Mobile USA, Inc.                                                                  | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     4271000 | PA      | $4079393.03   | 0.29%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Zoetis, Inc.                                            | Zoetis, Inc.                                                                        | CUSIP: 98978VAN3<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |      465000 | PA      | $464930.57    | 0.03%             | 2028-08-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| OCP CLO Ltd.                                            | OCP CLO Ltd., Series 2017-14A, Class A1R                                            | CUSIP: 67097QAN5<br>LEI: 25490025Q5WQX513IQ05 | Long             | ABS-CBDO         | CORP              | KY        |     5100000 | PA      | $5115590.70   | 0.36%             | 2037-07-20      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Mars, Inc.                                              | Mars, Inc.                                                                          | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     6550000 | PA      | $6706196.34   | 0.47%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                              | AT&T, Inc.                                                                          | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      575000 | PA      | $528779.99    | 0.04%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XDUC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       25538 | PA      | $21036.19     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179WTX6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    12297961 | PA      | $10234940.70  | 0.72%             | 2051-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                             | Penske Truck Leasing Co. LP                                                         | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1558000 | PA      | $1601597.11   | 0.11%             | 2029-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| NatWest Group plc                                       | NatWest Group plc                                                                   | CUSIP: 639057AF5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      275000 | PA      | $281614.52    | 0.02%             | 2028-09-30      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                               | ALA Trust, Series 2025-OANA, Class A                                                | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2529484 | PA      | $2550036.06   | 0.18%             | 2040-06-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| ING FINANCIAL MARKETS LLC                               | Treasury Repurchase Agreement                                                       | CUSIP: N/A<br>LEI: KBVRJ5K57JZ3E2AVWX40       | Long             | RA               | CORP              | US        |     2000000 | PA      | $2000000.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  1380400000 | PA      | $-131137.22   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                   | Las Vegas Sands Corp.                                                               | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      250000 | PA      | $260807.47    | 0.02%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd.                                              | CBAMR Ltd., Series 2017-4A, Class A1R                                               | CUSIP: 12516EAC5<br>LEI: 635400U9D8ZDLM1G7T76 | Long             | ABS-CBDO         | CORP              | KY        |     4500000 | PA      | $4524493.50   | 0.32%             | 2038-03-31      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                     | Hilton Domestic Operating Co., Inc.                                                 | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     1385000 | PA      | $1391681.24   | 0.10%             | 2034-03-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                         | TransDigm, Inc.                                                                     | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     1460000 | PA      | $1508864.74   | 0.11%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F060626<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    19000000 | PA      | $19455609.17  | 1.37%             | 2056-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd.                                  | Palmer Square CLO Ltd., Series 2019-1A, Class A1R2                                  | CUSIP: 69700GAU6<br>LEI: 549300Y43K78UTRMTN21 | Long             | ABS-CBDO         | CORP              | KY        |     5200000 | PA      | $5222334.00   | 0.37%             | 2038-08-14      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust  | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2022-NLP, Class B    | CUSIP: 466317AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1408912 | PA      | $1391301.02   | 0.10%             | 2037-04-15      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        | 12515780000 | PA      | $108474.08    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co.                                                                | CUSIP: 46647PFG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     4460000 | PA      | $4448252.23   | 0.31%             | 2032-01-22      | Variable      | 4.35%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    45980000 | PA      | $159119.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                            | Pacific Gas and Electric Co.                                                        | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      550000 | PA      | $417560.65    | 0.03%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F032625<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6000000 | PA      | $5548992.90   | 0.39%             | 2056-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                   | Elevance Health, Inc.                                                               | CUSIP: 036752BJ1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     3385000 | PA      | $3380997.10   | 0.24%             | 2032-09-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2019-C52, Class A5                    | CUSIP: 95002MAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      530000 | PA      | $503568.90    | 0.04%             | 2052-08-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    14370000 | PA      | $14053972.23  | 0.99%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bacardi-Martini BV                                      | Bacardi-Martini BV                                                                  | CUSIP: 05634WAA0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |     1250000 | PA      | $1286789.49   | 0.09%             | 2030-02-01      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Willis North America, Inc.                              | Willis North America, Inc.                                                          | CUSIP: 970648AJ0<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |      200000 | PA      | $190850.73    | 0.01%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F022626<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    40000000 | PA      | $33946909.20  | 2.40%             | 2056-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                      | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1205000 | PA      | $1231476.49   | 0.09%             | 2029-04-20      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F020620<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    23000000 | PA      | $18653849.85  | 1.32%             | 2056-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co.                                                                | CUSIP: 46647PFK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1810000 | PA      | $1802588.86   | 0.13%             | 2037-02-05      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                      | Venture Global Plaquemines LNG LLC                                                  | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      835000 | PA      | $864750.95    | 0.06%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Power and Light Co.                           | Wisconsin Power and Light Co.                                                       | CUSIP: 976826BQ9<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |      155000 | PA      | $149250.29    | 0.01%             | 2032-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| Starwood Mortgage Residential Trust                     | Starwood Mortgage Residential Trust, Series 2022-1, Class A1                        | CUSIP: 85573TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3746834 | PA      | $3395501.65   | 0.24%             | 2066-12-25      | Variable      | 2.45%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    68650000 | PA      | $72100.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, Series 2025-11, Class FB                                                      | CUSIP: 3136BUZ45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2284834 | PA      | $2296226.92   | 0.16%             | 2055-03-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                   | Quanta Services, Inc.                                                               | CUSIP: 74762EAH5<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |      505000 | PA      | $447084.13    | 0.03%             | 2032-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust                                | One New York Plaza Trust, Series 2020-1NYP, Class A                                 | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1300000 | PA      | $1261000.00   | 0.09%             | 2036-01-15      | Floating      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 3622ABJ94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      529286 | PA      | $457376.97    | 0.03%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H060630<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    20000000 | PA      | $20385564.20  | 1.44%             | 2056-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cigna Group (The)                                       | Cigna Group (The)                                                                   | CUSIP: 125523CU2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     3265000 | PA      | $3368583.14   | 0.24%             | 2031-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| BANK                                                    | BANK, Series 2025-BNK51, Class A5                                                   | CUSIP: 06541HAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3250000 | PA      | $3346393.38   | 0.24%             | 2067-12-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                   | United Mexican States                                                               | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1320000 | PA      | $1395570.00   | 0.10%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC Multifamily Structured Pass-Through Certificates, Series KF153, Class AS      | CUSIP: 3137H9Y94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      602712 | PA      | $605592.51    | 0.04%             | 2033-02-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Cintas Corp. No. 2                                      | Cintas Corp. No. 2                                                                  | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |        4000 | PA      | $3991.42      | 0.00%             | 2027-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QMHX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1635585 | PA      | $1421311.38   | 0.10%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                    | Carrier Global Corp.                                                                | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |      865000 | PA      | $925688.09    | 0.07%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Thomson Reuters Corp.                                   | Thomson Reuters Corp.                                                               | CUSIP: 884903BV6<br>LEI: 549300561UZND4C7B569 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $99766.62     | 0.01%             | 2026-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                         | Solventum Corp.                                                                     | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     1315000 | PA      | $1371958.21   | 0.10%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| Deephaven Residential Mortgage Trust                    | Deephaven Residential Mortgage Trust, Series 2021-4, Class A2                       | CUSIP: 24381JAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1577036 | PA      | $1408412.17   | 0.10%             | 2066-11-25      | Variable      | 2.09%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    54250000 | PA      | $11780.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                       | BAT Capital Corp.                                                                   | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      970000 | PA      | $935225.84    | 0.07%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: —       |
| BBCMS Mortgage Trust                                    | BBCMS Mortgage Trust, Series 2025-5C36, Class A3                                    | CUSIP: 05556CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1950000 | PA      | $2033418.08   | 0.14%             | 2058-08-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DVMC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3010814 | PA      | $2716499.53   | 0.19%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd.                                     | Wind River CLO Ltd., Series 2023-1A, Class A1R                                      | CUSIP: 97316RAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     7900000 | PA      | $7936268.90   | 0.56%             | 2038-07-25      | Floating      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810QN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     6830000 | PA      | $6924179.28   | 0.49%             | 2041-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                                            | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     1021000 | PA      | $916856.92    | 0.06%             | 2053-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| MSWF Commercial Mortgage Trust                          | MSWF Commercial Mortgage Trust, Series 2023-1, Class A5                             | CUSIP: 55376CAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $3174982.20   | 0.22%             | 2056-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                         | Solventum Corp.                                                                     | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |      727000 | PA      | $753409.60    | 0.05%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        | 12502000000 | PA      | $220614.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                        | Boeing Co. (The)                                                                    | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      200000 | PA      | $202105.14    | 0.01%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: —       |
| Motorola Solutions, Inc.                                | Motorola Solutions, Inc.                                                            | CUSIP: 620076BN8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     1758000 | PA      | $1779217.16   | 0.13%             | 2029-05-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    42330000 | PA      | $748304.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                 | Republic Services, Inc.                                                             | CUSIP: 760759AT7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |      180000 | PA      | $180374.99    | 0.01%             | 2028-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                      | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     5050000 | PA      | $4440616.65   | 0.31%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                | Angel Oak Mortgage Trust, Series 2025-11, Class A1                                  | CUSIP: 03466FAC1<br>LEI: 254900U7QMG1IM2AZ079 | Long             | ABS-MBS          | CORP              | US        |     3832630 | PA      | $3845410.42   | 0.27%             | 2070-10-25      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F030629<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6000000 | PA      | $5317122.48   | 0.38%             | 2056-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cornell University                                      | Cornell University, Series 2025                                                     | CUSIP: 219207AF4<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |     2130000 | PA      | $2132550.50   | 0.15%             | 2035-06-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| CF SECURED LLC                                          | Treasury Repurchase Agreement                                                       | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |    19076215 | PA      | $19076215.00  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp.                                    | American Tower Corp.                                                                | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |      300000 | PA      | $296704.07    | 0.02%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                         | Microsoft Corp.                                                                     | CUSIP: 594918CN2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |      410000 | PA      | $409212.74    | 0.03%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO Mortgage Trust, Series 2024-5C4, Class A3                                       | CUSIP: 09660SAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1900000 | PA      | $2015286.87   | 0.14%             | 2057-05-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                    | BBCMS Mortgage Trust, Series 2024-C26, Class B                                      | CUSIP: 05555AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1750000 | PA      | $1807502.90   | 0.13%             | 2057-05-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                    | Carrier Global Corp.                                                                | CUSIP: 14448CAL8<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |      650000 | PA      | $602832.91    | 0.04%             | 2031-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| AGCO Corp.                                              | AGCO Corp.                                                                          | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |     1422000 | PA      | $1485701.41   | 0.10%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                            | Barclays plc                                                                        | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     1735000 | PA      | $1807972.02   | 0.13%             | 2036-02-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: —       |
| Adventist Health System                                 | Adventist Health System, Series 2025                                                | CUSIP: 007944AN1<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |     2765000 | PA      | $2766281.30   | 0.20%             | 2030-12-01      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Republic of Chile                                       | Republic of Chile                                                                   | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |      860000 | PA      | $531609.00    | 0.04%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BANK                                                    | BANK, Series 2025-BNK51, Class B                                                    | CUSIP: 06541HAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $3064157.10   | 0.22%             | 2067-12-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| QXO Building Products, Inc.                             | QXO Building Products, Inc.                                                         | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     1455000 | PA      | $1499348.40   | 0.11%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    14450000 | PA      | $13929009.73  | 0.98%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Snap, Inc.                                              | Snap, Inc.                                                                          | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     1465000 | PA      | $1503317.08   | 0.11%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| American Tower Corp.                                    | American Tower Corp.                                                                | CUSIP: 03027XBR0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |      210000 | PA      | $206744.22    | 0.01%             | 2026-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XS80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     3002278 | PA      | $2725971.66   | 0.19%             | 2053-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Acushnet Co.                                            | Acushnet Co.                                                                        | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |     1630000 | PA      | $1645322.00   | 0.12%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| American Water Capital Corp.                            | American Water Capital Corp., Class C                                               | CUSIP: 03040WAQ8<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |      100000 | PA      | $98726.66     | 0.01%             | 2027-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CVC Cordatus Loan Fund III DAC                          | CVC Cordatus Loan Fund III DAC, Series 3A, Class B1R3                               | CUSIP: N/A<br>LEI: 213800XV458LVR3TU384       | Long             | ABS-CBDO         | CORP              | IE        |     1700000 | PA      | $1989386.42   | 0.14%             | 2038-05-26      | Floating      | 3.71%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     3170000 | PA      | $18487.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                    | Meta Platforms, Inc.                                                                | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     1875000 | PA      | $1871631.62   | 0.13%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Carlisle Cos., Inc.                                     | Carlisle Cos., Inc.                                                                 | CUSIP: 142339AJ9<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |     1121000 | PA      | $1059286.99   | 0.07%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F052623<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    34000000 | PA      | $34472957.34  | 2.43%             | 2056-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARLYLE US CLO Ltd.                                     | Carlyle US CLO Ltd., Series 2021-8A, Class A1R                                      | CUSIP: 143120AN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     6425000 | PA      | $6454240.18   | 0.46%             | 2038-10-15      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle, Inc.                                      | Crown Castle, Inc.                                                                  | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |      100000 | PA      | $98762.81     | 0.01%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| DBR Land Holdings LLC                                   | DBR Land Holdings LLC                                                               | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      710000 | PA      | $727309.80    | 0.05%             | 2030-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Alphabet, Inc.                                          | Alphabet, Inc.                                                                      | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     4250000 | PA      | $4253418.36   | 0.30%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H070621<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1000000 | PA      | $1029671.48   | 0.07%             | 2056-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Martin Marietta Materials, Inc.                         | Martin Marietta Materials, Inc.                                                     | CUSIP: 573284AT3<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |      300000 | PA      | $297515.69    | 0.02%             | 2027-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                  | NXP BV                                                                              | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      750000 | PA      | $723355.34    | 0.05%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| KIND Commercial Mortgage Trust                          | KIND Commercial Mortgage Trust, Series 2024-1, Class A                              | CUSIP: 494925AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $750937.50    | 0.05%             | 2041-08-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co.                                                                | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      705000 | PA      | $735564.09    | 0.05%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      877057 | PA      | $714880.13    | 0.05%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Note                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -157 | NC      | $200766.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Poland                                      | Republic of Poland                                                                  | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      780000 | PA      | $791164.51    | 0.06%             | 2034-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                  | Freeport-McMoRan, Inc.                                                              | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |      115000 | PA      | $114803.59    | 0.01%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp.                                          | AppLovin Corp.                                                                      | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |     2888000 | PA      | $2956728.05   | 0.21%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Euro-Schatz                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |           1 | NC      | $-8.14        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     9400000 | PA      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Province of Ontario Canada                              | Province of Ontario                                                                 | CUSIP: 68323AFG4<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |       25000 | PA      | $23471.80     | 0.00%             | 2029-10-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                                            | CUSIP: 91324PFB3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     1525000 | PA      | $1540336.86   | 0.11%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Barclays Dryrock Issuance Trust                         | Barclays Dryrock Issuance Trust, Series 2023-1, Class A                             | CUSIP: 06742LAX1<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |     4400000 | PA      | $4408312.92   | 0.31%             | 2029-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     9837728 | PA      | $132985.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| British Telecommunications plc                          | British Telecommunications plc                                                      | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     2020000 | PA      | $2457143.29   | 0.17%             | 2030-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO                                 | Bain Capital Credit CLO, Series 2019-1A, Class BR3                                  | CUSIP: 05683VBL7<br>LEI: 549300B0VI605XM3L529 | Long             | ABS-CBDO         | CORP              | KY        |     4825000 | PA      | $4831489.63   | 0.34%             | 2034-04-19      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                      | LPL Holdings, Inc.                                                                  | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |      915000 | PA      | $902345.39    | 0.06%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133KKNB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1246467 | PA      | $1067761.08   | 0.08%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    12050000 | PA      | $10151183.65  | 0.72%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                               | OBX Trust, Series 2025-NQM15, Class A1A                                             | CUSIP: 67122CAA3<br>LEI: 254900Y3YIZHUWMEGC78 | Long             | ABS-MBS          | CORP              | US        |     3117433 | PA      | $3141684.39   | 0.22%             | 2065-07-27      | Variable      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H032621<br>LEI: 549300M8ZYFG0OCMTT87 | Short            | ABS-MBS          | USGA              | US        |    -6000000 | PA      | $-5495692.26  | -0.39%            | 2056-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                  | Santander Drive Auto Receivables Trust, Series 2025-1, Class A2                     | CUSIP: 80288DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       22417 | PA      | $22423.87     | 0.00%             | 2027-08-16      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                              | Mars, Inc.                                                                          | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     2250000 | PA      | $2312167.43   | 0.16%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Howmet Aerospace, Inc.                                  | Howmet Aerospace, Inc.                                                              | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |      650000 | PA      | $667292.63    | 0.05%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| GNMA                                                    | GNMA                                                                                | CUSIP: 3622ABGK2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      738922 | PA      | $636113.61    | 0.04%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     8700000 | PA      | $-16469.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Aon Corp.                                               | Aon Corp.                                                                           | CUSIP: 037389BE2<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |      200000 | PA      | $188816.57    | 0.01%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                                            | CUSIP: 91324PEE8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     1125000 | PA      | $846402.17    | 0.06%             | 2041-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: —       |
| J.P. Morgan Mortgage Trust                              | J.P. Morgan Mortgage Trust, Series 2025-NQM5, Class A1A                             | CUSIP: 46664DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3884432 | PA      | $3899668.09   | 0.28%             | 2065-05-25      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Allegion US Holding Co., Inc.                           | Allegion US Holding Co., Inc.                                                       | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |      695000 | PA      | $726485.26    | 0.05%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     1180000 | PA      | $130.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5800000 | PA      | $5677203.10   | 0.40%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    22030000 | PA      | $206157.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DWBN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3923674 | PA      | $3040543.74   | 0.21%             | 2051-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | CDI                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   115325000 | PA      | $542643.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140X5TV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      668382 | PA      | $607726.12    | 0.04%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QQUM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    10666787 | PA      | $11020355.15  | 0.78%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    54430000 | PA      | $90106.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties LP                                      | VICI Properties LP                                                                  | CUSIP: 92564RAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      250000 | PA      | $250708.12    | 0.02%             | 2028-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Campbell's Co. (The)                                    | Campbell's Co. (The)                                                                | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     1802000 | PA      | $1832798.56   | 0.13%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS Group AG                                                                        | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      370000 | PA      | $432744.47    | 0.03%             | 2033-11-13      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                       | Choice Hotels International, Inc.                                                   | CUSIP: 169905AF3<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |     1215000 | PA      | $1185808.25   | 0.08%             | 2029-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: —       |
| NatWest Group plc                                       | NatWest Group plc                                                                   | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      565000 | PA      | $579589.38    | 0.04%             | 2031-05-23      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Carpenter Technology Corp.                              | Carpenter Technology Corp.                                                          | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     1495000 | PA      | $1517082.65   | 0.11%             | 2034-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418D3G5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     5920128 | PA      | $4830955.32   | 0.34%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust, Series 2025-INV1, Class A1                              | CUSIP: 924929AC6<br>LEI: 213800YO7QOQOFRSRN78 | Long             | ABS-MBS          | CORP              | US        |     1476929 | PA      | $1495057.38   | 0.11%             | 2070-02-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4180000 | PA      | $2525797.65   | 0.18%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.      | National Rural Utilities Cooperative Finance Corp.                                  | CUSIP: 63743HEW8<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |      100000 | PA      | $98882.33     | 0.01%             | 2026-06-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO 20 Ltd.               | GoldenTree Loan Management US CLO 20 Ltd., Series 2024-20A, Class A                 | CUSIP: 38139MAC9<br>LEI: 984500CF2B1A04F63R63 | Long             | ABS-CBDO         | CORP              | JE        |     3600000 | PA      | $3610080.00   | 0.25%             | 2037-07-20      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2550000 | PA      | $2327273.44   | 0.16%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                            | Marriott International, Inc., Series HH                                             | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     3000000 | PA      | $2784131.52   | 0.20%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: —       |
| MPLX LP                                                 | MPLX LP                                                                             | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     1475000 | PA      | $1367163.84   | 0.10%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: —       |
| FNMA or FHLMC                                           | UMBS, 15 Year, Single Family                                                        | CUSIP: 01F020422<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6000000 | PA      | $5541499.98   | 0.39%             | 2041-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179TAJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      339785 | PA      | $311149.23    | 0.02%             | 2047-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK5                                                   | BANK5, Series 2025-5YR18, Class A3                                                  | CUSIP: 06604CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6000000 | PA      | $6169245.00   | 0.44%             | 2058-12-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                              | Charles Schwab Corp. (The)                                                          | CUSIP: 808513BY0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |      205000 | PA      | $202153.49    | 0.01%             | 2027-03-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                              | PacifiCorp                                                                          | CUSIP: 695114CW6<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |      100000 | PA      | $92307.14     | 0.01%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                        | Boeing Co. (The)                                                                    | CUSIP: 097023CB9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     2525000 | PA      | $1876065.71   | 0.13%             | 2048-11-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QNQJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1574170 | PA      | $1290008.10   | 0.09%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                   | Quanta Services, Inc.                                                               | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |      100000 | PA      | $93739.61     | 0.01%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | Oracle Corp.                                                                        | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     2525000 | PA      | $2476956.19   | 0.17%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: —       |
| Air Lease Corp.                                         | Air Lease Corp.                                                                     | CUSIP: 00914AAX0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     2350000 | PA      | $2394446.07   | 0.17%             | 2031-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                   | Saudi Arabian Oil Co.                                                               | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | DBT              | NUSS              | SA        |     2370000 | PA      | $2312167.26   | 0.16%             | 2029-04-16      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: —       |
| Public Storage Operating Co.                            | Public Storage Operating Co.                                                        | CUSIP: 74460DAD1<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |      550000 | PA      | $540001.17    | 0.04%             | 2029-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DPH92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      662979 | PA      | $692884.58    | 0.05%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2024-DNA2, Class M1                                 | CUSIP: 35564NCX9<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | CORP              | US        |     1510325 | PA      | $1514101.11   | 0.11%             | 2044-05-25      | Floating      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    14530000 | PA      | $-70538.53    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Entergy Texas, Inc.                                     | Entergy Texas, Inc.                                                                 | CUSIP: 29365TAG9<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99758.40     | 0.01%             | 2029-03-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XCXH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      705325 | PA      | $611244.25    | 0.04%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    32060000 | PA      | $-60227.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                              | J.P. Morgan Mortgage Trust, Series 2024-VIS2, Class A1                              | CUSIP: 46658DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1392559 | PA      | $1408560.46   | 0.10%             | 2064-11-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                               | Coca-Cola Femsa SAB de CV                                                           | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |     1852000 | PA      | $1749146.59   | 0.12%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CHJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    25560000 | PA      | $25553010.87  | 1.80%             | 2030-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    55000000 | PA      | $-81407.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                               | Ford Motor Credit Co. LLC                                                           | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      558000 | PA      | $567154.01    | 0.04%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                        | NRG Energy, Inc.                                                                    | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     1470000 | PA      | $1509091.71   | 0.11%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Huntington Ingalls Industries, Inc.                     | Huntington Ingalls Industries, Inc.                                                 | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |      500000 | PA      | $495052.77    | 0.03%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: —       |
| Duke Energy Corp.                                       | Duke Energy Corp.                                                                   | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |       90000 | PA      | $90595.22     | 0.01%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                          | MSWF Commercial Mortgage Trust, Series 2023-2, Class A2                             | CUSIP: 55361AAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1638532 | PA      | $1724128.93   | 0.12%             | 2056-12-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Amkor Technology, Inc.                                  | Amkor Technology, Inc.                                                              | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |     1485000 | PA      | $1513369.44   | 0.11%             | 2033-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| Sempra                                                  | Sempra                                                                              | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |      100000 | PA      | $98959.64     | 0.01%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140Q9W90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      725782 | PA      | $705294.87    | 0.05%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GE Capital International Funding Co. Unlimited Co.      | GE Capital International Funding Co. Unlimited Co.                                  | CUSIP: 36164QNA2<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | IE        |      475000 | PA      | $462302.02    | 0.03%             | 2035-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                   | United Mexican States                                                               | CUSIP: 91087BAP5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     2330000 | PA      | $1367826.50   | 0.10%             | 2071-04-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                        | CVS Health Corp.                                                                    | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     1900000 | PA      | $1783359.65   | 0.13%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |      600000 | PA      | $958.44       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2024-PAT, Class B                                                  | CUSIP: 05612FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      225000 | PA      | $224929.71    | 0.02%             | 2041-03-15      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Global Payments, Inc.                                   | Global Payments, Inc.                                                               | CUSIP: 37940XAN2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     3065000 | PA      | $3138292.49   | 0.22%             | 2029-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| ONE Gas, Inc.                                           | ONE Gas, Inc.                                                                       | CUSIP: 68235PAM0<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |      195000 | PA      | $192126.29    | 0.01%             | 2032-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      205566 | PA      | $202324.57    | 0.01%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                      | Altria Group, Inc.                                                                  | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     2327000 | PA      | $2367168.23   | 0.17%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    54610000 | PA      | $-215888.47   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Cabot Corp.                                             | Cabot Corp.                                                                         | CUSIP: 127055AL5<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |      720000 | PA      | $713784.78    | 0.05%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179Q3H2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      360179 | PA      | $330945.96    | 0.02%             | 2045-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Province of Quebec Canada                               | Province of Quebec                                                                  | CUSIP: 748149AJ0<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |       50000 | PA      | $49854.72     | 0.00%             | 2026-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ares European CLO XXI DAC                               | Ares European CLO XXI DAC, Series 21A, Class B                                      | CUSIP: N/A<br>LEI: 254900REPQKNP1XRDH75       | Long             | ABS-CBDO         | CORP              | IE        |      680000 | PA      | $806167.77    | 0.06%             | 2038-04-15      | Floating      | 3.72%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                   | Dominion Energy, Inc., Series C                                                     | CUSIP: 25746UDG1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      100000 | PA      | $96544.57     | 0.01%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK5                                                   | BANK5, Series 2024-5YR9, Class AS                                                   | CUSIP: 06644VBM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1400000 | PA      | $1465494.38   | 0.10%             | 2057-08-15      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-53442.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mars, Inc.                                              | Mars, Inc.                                                                          | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |      725000 | PA      | $740718.59    | 0.05%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: —       |
| BAT Capital Corp.                                       | BAT Capital Corp.                                                                   | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     2584000 | PA      | $2761778.97   | 0.19%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| BRAVO Residential Funding Trust                         | BRAVO Residential Funding Trust, Series 2024-NQM5, Class A1                         | CUSIP: 105925AA9<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |     1857077 | PA      | $1879901.00   | 0.13%             | 2064-06-25      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Ameren Corp.                                            | Ameren Corp.                                                                        | CUSIP: 023608AJ1<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |      200000 | PA      | $192347.69    | 0.01%             | 2031-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    14830000 | PA      | $-122153.81   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                 | Qnity Electronics, Inc.                                                             | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     1460000 | PA      | $1506857.24   | 0.11%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| CompoSecure Holdings LLC                                | CompoSecure Holdings LLC                                                            | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2065000 | PA      | $2058392.00   | 0.15%             | 2033-02-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BANK                                                    | BANK, Series 2020-BN27, Class A5                                                    | CUSIP: 06539XAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      796000 | PA      | $711569.95    | 0.05%             | 2063-04-15      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| Durst Commercial Mortgage Trust                         | Durst Commercial Mortgage Trust, Series 2025-151, Class A                           | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2150000 | PA      | $2196477.63   | 0.16%             | 2042-08-10      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                  | Santander Drive Auto Receivables Trust, Series 2025-1, Class A3                     | CUSIP: 80288DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1900000 | PA      | $1904498.44   | 0.13%             | 2029-01-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418D3J9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2956341 | PA      | $2633990.77   | 0.19%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                               | IRV Trust, Series 2025-200P, Class A                                                | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2100000 | PA      | $2157297.03   | 0.15%             | 2047-03-14      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 3622ABJH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      923692 | PA      | $798201.66    | 0.06%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings, Inc.                                  | Kyndryl Holdings, Inc.                                                              | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |       40000 | PA      | $38423.41     | 0.00%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| WEC Energy Group, Inc.                                  | WEC Energy Group, Inc.                                                              | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |      180000 | PA      | $183269.39    | 0.01%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Golub Capital BDC, Inc.                                 | Golub Capital BDC, Inc.                                                             | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |      163000 | PA      | $161135.74    | 0.01%             | 2026-08-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-135, Class A                                                      | CUSIP: 38382XAA3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     6251581 | PA      | $5192735.32   | 0.37%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK                                                    | BANK, Series 2022-BNK43, Class A5                                                   | CUSIP: 06541QAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1250000 | PA      | $1228443.25   | 0.09%             | 2055-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Hungary                                                 | Hungary Government Bond                                                             | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |      940000 | PA      | $974920.45    | 0.07%             | 2028-05-22      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XB5T3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     3265526 | PA      | $2956376.80   | 0.21%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Galaxy Pipeline Assets Bidco Ltd.                       | Galaxy Pipeline Assets Bidco Ltd.                                                   | CUSIP: N/A<br>LEI: 549300L82YB0C6JQIC26       | Long             | DBT              | CORP              | JE        |     2770000 | PA      | $2438102.45   | 0.17%             | 2036-03-31      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                          | Southern Co. Gas Capital Corp., Series 20-A                                         | CUSIP: 8426EPAD0<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |      100000 | PA      | $88430.18     | 0.01%             | 2031-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-XL5, Class A                              | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      979346 | PA      | $980569.97    | 0.07%             | 2041-03-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                    | Columbia Pipelines Operating Co. LLC                                                | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      525000 | PA      | $560531.64    | 0.04%             | 2033-11-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     7750000 | PA      | $30602.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                   | Las Vegas Sands Corp.                                                               | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      690000 | PA      | $706431.07    | 0.05%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Indiana Michigan Power Co.                              | Indiana Michigan Power Co.                                                          | CUSIP: 454889AS5<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |      200000 | PA      | $199699.84    | 0.01%             | 2028-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: —       |
| ONEOK, Inc.                                             | ONEOK, Inc.                                                                         | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      800000 | PA      | $799554.58    | 0.06%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  3177890000 | PA      | $29161.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                                              | US Bancorp                                                                          | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      325000 | PA      | $337389.89    | 0.02%             | 2029-06-12      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -500000 | PA      | $-54.54       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                       | American Electric Power Co., Inc.                                                   | CUSIP: 025537AN1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |      100000 | PA      | $92526.91     | 0.01%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                      | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $998587.98    | 0.07%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                   | Bank of America Corp.                                                               | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     2125000 | PA      | $2275359.39   | 0.16%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -350000 | PA      | $-1461.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Merrill Lynch Commercial Mortgage Trust | Bank of America Merrill Lynch Commercial Mortgage Trust, Series 2016-UB10, Class A4 | CUSIP: 06054MAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      511395 | PA      | $510189.95    | 0.04%             | 2049-07-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                      | Banco Santander SA                                                                  | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     2400000 | PA      | $2646176.50   | 0.19%             | 2033-08-08      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                         | Oncor Electric Delivery Co. LLC                                                     | CUSIP: 68233JCF9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |      125000 | PA      | $122059.71    | 0.01%             | 2032-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | U.S. Treasury Long Bond                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         224 | NC      | $-78858.11    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ascension Health                                        | Ascension Health, Series 2025                                                       | CUSIP: 04351LAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1340000 | PA      | $1341011.26   | 0.09%             | 2035-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Co.                         | Southwestern Electric Power Co., Series N                                           | CUSIP: 845437BS0<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |      250000 | PA      | $249325.08    | 0.02%             | 2026-03-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                      | Ellington Financial Mortgage Trust, Series 2021-2, Class A1                         | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2388877 | PA      | $2045767.57   | 0.14%             | 2066-06-25      | Variable      | 0.93%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                        | Boeing Co. (The)                                                                    | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     1089000 | PA      | $1204701.27   | 0.09%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp.                                      | Hyatt Hotels Corp.                                                                  | CUSIP: 448579AS1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     1853000 | PA      | $1911234.21   | 0.13%             | 2034-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Province of Ontario Canada                              | Province of Ontario                                                                 | CUSIP: 683234AQ1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |       25000 | PA      | $24182.88     | 0.00%             | 2027-05-21      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179RD63<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      261684 | PA      | $240202.08    | 0.02%             | 2045-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     4280000 | PA      | $3694.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                         | Citigroup, Inc.                                                                     | CUSIP: 172967KA8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      400000 | PA      | $402580.75    | 0.03%             | 2027-09-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 31427PHV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    11035507 | PA      | $11267453.79  | 0.80%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418DC67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2314242 | PA      | $2157460.96   | 0.15%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                         | Palmer Square Loan Funding Ltd., Series 2022-3A, Class A1BR                         | CUSIP: 69690CAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1443785 | PA      | $1446633.52   | 0.10%             | 2031-04-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    12570000 | PA      | $-41515.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sempra                                                  | Sempra                                                                              | CUSIP: 816851BP3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |      200000 | PA      | $197048.36    | 0.01%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                          | M&T Bank Corp.                                                                      | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     2730000 | PA      | $2740721.39   | 0.19%             | 2034-01-27      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| Houston Galleria Mall Trust                             | Houston Galleria Mall Trust, Series 2025-HGLR, Class A                              | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1200000 | PA      | $1247453.16   | 0.09%             | 2045-02-05      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd.                                     | Elmwood CLO 29 Ltd., Series 2024-5A, Class AR2                                      | CUSIP: 289913AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1750000 | PA      | $1752584.75   | 0.12%             | 2037-04-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding IX CLO Ltd.                               | Cedar Funding IX CLO Ltd., Series 2018-9A, Class AR                                 | CUSIP: 15033EAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     2060000 | PA      | $2067776.50   | 0.15%             | 2037-07-20      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                            | Oracle Corp.                                                                        | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     1299000 | PA      | $1297389.43   | 0.09%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F040628<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     7000000 | PA      | $6684514.27   | 0.47%             | 2056-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132E06J6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      706465 | PA      | $745251.08    | 0.05%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                            | AbbVie, Inc.                                                                        | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |       46000 | PA      | $37887.65     | 0.00%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140J9VA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      616391 | PA      | $602083.71    | 0.04%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XAH88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      994636 | PA      | $819334.70    | 0.06%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     4320000 | PA      | $10402.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    38890000 | PA      | $-163795.68   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MPLX LP                                                 | MPLX LP                                                                             | CUSIP: 55336VAS9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |      733000 | PA      | $744248.69    | 0.05%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 2 Year Note                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         810 | NC      | $-87310.08    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Barings BDC, Inc.                                       | Barings BDC, Inc.                                                                   | CUSIP: 06759LAC7<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |       25000 | PA      | $24703.27     | 0.00%             | 2026-11-23      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Province of Alberta Canada                              | Province of Alberta                                                                 | CUSIP: 013051EM5<br>LEI: LQPXMHHNJKIPJYE53543 | Long             | DBT              | NUSS              | CA        |       60000 | PA      | $53581.55     | 0.00%             | 2030-07-22      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                              | J.P. Morgan Mortgage Trust, Series 2023-HE3, Class A1                               | CUSIP: 465985AA7<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |      355025 | PA      | $356364.75    | 0.03%             | 2054-05-20      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Eagle Funding Luxco Sarl                                | Eagle Funding Luxco Sarl                                                            | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     2840000 | PA      | $2884928.80   | 0.20%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   108540000 | PA      | $-32242.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Solventum Corp.                                         | Solventum Corp.                                                                     | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |      925000 | PA      | $961754.22    | 0.07%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LEX Mortgage Trust                                      | LEX Mortgage Trust, Series 2024-BBG, Class A                                        | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1600000 | PA      | $1609992.96   | 0.11%             | 2033-10-13      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Funding 15-R Ltd.                            | OHA Credit Funding 15-R Ltd., Series 2023-15RA, Class A                             | CUSIP: 67121NAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     6250000 | PA      | $6278125.00   | 0.44%             | 2038-07-20      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| Time Warner Cable LLC                                   | Time Warner Cable LLC                                                               | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |      825000 | PA      | $747729.78    | 0.05%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                               | OBX Trust, Series 2021-NQM4, Class A1                                               | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5364462 | PA      | $4649401.34   | 0.33%             | 2061-10-25      | Variable      | 1.96%                 | Yes           |                  2 | On Loan: No      |
| Hong Kong Dollar                                        | Hong Kong Dollar                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |           1 | OU      | $0.08         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Long Gilt                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |          93 | NC      | $-8910.18     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -420000 | PA      | $-1753.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                              | AT&T, Inc.                                                                          | CUSIP: 00206RHK1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     1750000 | PA      | $1655970.44   | 0.12%             | 2039-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     1600000 | PA      | $-14462.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     1500000 | PA      | $165.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| General Mills, Inc.                                     | General Mills, Inc.                                                                 | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |      250000 | PA      | $250806.80    | 0.02%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133KPYR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1294178 | PA      | $1243173.09   | 0.09%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                        | Boeing Co. (The)                                                                    | CUSIP: 097023BS3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $778812.12    | 0.05%             | 2046-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                            | Marriott International, Inc.                                                        | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |      591000 | PA      | $604580.70    | 0.04%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418EF39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2180985 | PA      | $1969185.79   | 0.14%             | 2037-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                              | J.P. Morgan Mortgage Trust, Series 2025-VIS1, Class A1                              | CUSIP: 46659BAC6<br>LEI: 529900CBDGTUOOQONB64 | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.00         | 0.00%             | 2055-08-25      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Xcel Energy, Inc.                                       | Xcel Energy, Inc.                                                                   | CUSIP: 98389BAU4<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |      775000 | PA      | $771485.54    | 0.05%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy, Inc.                                | CenterPoint Energy, Inc.                                                            | CUSIP: 15189TAX5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |       89000 | PA      | $84468.04     | 0.01%             | 2030-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                     | Expedia Group, Inc.                                                                 | CUSIP: 30212PAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1271000 | PA      | $1220328.45   | 0.09%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| AECOM                                                   | AECOM                                                                               | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     1465000 | PA      | $1500741.61   | 0.11%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BANK5                                                   | BANK5, Series 2024-5YR8, Class A3                                                   | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      875000 | PA      | $917051.71    | 0.06%             | 2057-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Stonex Escrow Issuer LLC                                | Stonex Escrow Issuer LLC                                                            | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1460000 | PA      | $1506280.54   | 0.11%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| OBX Trust                                               | OBX Trust, Series 2025-NQM21, Class A1A                                             | CUSIP: 67448BAD6<br>LEI: 254900E5OS34AOMYSY84 | Long             | ABS-MBS          | CORP              | US        |     3762242 | PA      | $3781670.94   | 0.27%             | 2065-10-25      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     4220000 | PA      | $427.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                                            | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      775000 | PA      | $778731.50    | 0.05%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Co.                                   | Commercial Metals Co.                                                               | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     1275000 | PA      | $1302679.28   | 0.09%             | 2035-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| N/A                                                     | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $42762.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    65490000 | PA      | $65684423.44  | 4.64%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2025-1A, Class A2                       | CUSIP: 30167MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        3633 | PA      | $3634.33      | 0.00%             | 2027-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179YW59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    10468779 | PA      | $10600904.01  | 0.75%             | 2054-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | Oracle Corp.                                                                        | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      600000 | PA      | $573170.40    | 0.04%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley                                          | Morgan Stanley                                                                      | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      420000 | PA      | $434471.21    | 0.03%             | 2035-01-18      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                | HP, Inc.                                                                            | CUSIP: 40434LAB1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |       35000 | PA      | $34533.60     | 0.00%             | 2027-06-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    16220000 | PA      | $-788459.96   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-24962.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kennedy Lewis CLO 20 Ltd.                               | Kennedy Lewis CLO 20 Ltd., Series 2024-20A, Class A                                 | CUSIP: 370912AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     8200000 | PA      | $8225657.80   | 0.58%             | 2038-01-25      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2025-1A, Class A3                       | CUSIP: 30167MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      525000 | PA      | $525689.90    | 0.04%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133KQK62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      695232 | PA      | $725702.11    | 0.05%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Czech Repub. Kronas                                     | Czech Repub. Kronas                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CZ        |           1 | OU      | $0.04         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    31480000 | PA      | $405035.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    12360000 | PA      | $12073692.22  | 0.85%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EFMT                                                    | EFMT, Series 2025-INV2, Class A1                                                    | CUSIP: 281914AA9<br>LEI: 254900ZO1GLQXE3JWX68 | Long             | ABS-MBS          | CORP              | US        |     4785159 | PA      | $4832159.77   | 0.34%             | 2070-05-26      | Variable      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DVML6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     7851377 | PA      | $7796084.74   | 0.55%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | Oracle Corp.                                                                        | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     1495000 | PA      | $1447342.49   | 0.10%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| J M Smucker Co. (The)                                   | J M Smucker Co. (The)                                                               | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |      602000 | PA      | $651438.21    | 0.05%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: —       |
| Cencora, Inc.                                           | Cencora, Inc.                                                                       | CUSIP: 03073EAT2<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     2923000 | PA      | $2695141.16   | 0.19%             | 2031-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource, Inc.                              | Builders FirstSource, Inc.                                                          | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     1440000 | PA      | $1512905.76   | 0.11%             | 2035-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Trinitas CLO XXXI Ltd.                                  | Trinitas CLO XXXI Ltd., Series 2024-31A, Class A1                                   | CUSIP: 895972AA5<br>LEI: 254900Z3YHI8W31ZWI81 | Long             | ABS-CBDO         | CORP              | KY        |     3125000 | PA      | $3132912.50   | 0.22%             | 2038-01-22      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Holdings, Inc.                          | United Airlines Holdings, Inc.                                                      | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     1191000 | PA      | $1202827.86   | 0.08%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS Group AG                                                                        | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      945000 | PA      | $979643.01    | 0.07%             | 2036-05-09      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: —       |
| GLP Capital LP                                          | GLP Capital LP                                                                      | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      510000 | PA      | $522580.17    | 0.04%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp.                                      | Devon Energy Corp.                                                                  | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |      389000 | PA      | $391185.05    | 0.03%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| GENMAB A/S                                              | GENMAB A/S                                                                          | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |     1350000 | PA      | $1383801.15   | 0.10%             | 2032-12-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     5650000 | PA      | $34025.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                          | M&T Bank Corp.                                                                      | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |      260000 | PA      | $281835.37    | 0.02%             | 2029-10-30      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179MK66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      332178 | PA      | $307902.44    | 0.02%             | 2042-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418DR46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      597041 | PA      | $542629.07    | 0.04%             | 2035-07-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                  | NXP BV                                                                              | CUSIP: 62954HAX6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      265000 | PA      | $262085.86    | 0.02%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                       | World Omni Auto Receivables Trust, Series 2023-A, Class A4                          | CUSIP: 98164JAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2425000 | PA      | $2438800.92   | 0.17%             | 2029-05-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| MAREX CAPITAL MARKETS INC                               | Treasury Repurchase Agreement                                                       | CUSIP: N/A<br>LEI: 5493006BWPDUCYG6EQ34       | Long             | RA               | CORP              | US        |     9000000 | PA      | $9000000.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -400000 | PA      | $-290.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     8920000 | PA      | $190199.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XDB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1761563 | PA      | $1594514.37   | 0.11%             | 2052-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding, Inc.                               | PPL Capital Funding, Inc.                                                           | CUSIP: 69352PAL7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |       50000 | PA      | $49881.33     | 0.00%             | 2026-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| Sprint Capital Corp.                                    | Sprint Capital Corp.                                                                | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |      255000 | PA      | $308810.80    | 0.02%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                 | Hyundai Capital America                                                             | CUSIP: 44891ACP0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      235000 | PA      | $251282.92    | 0.02%             | 2030-09-21      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| CommonSpirit Health                                     | CommonSpirit Health                                                                 | CUSIP: 20268JAY9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |     1080000 | PA      | $1073760.81   | 0.08%             | 2030-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | CDI                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   120901359 | PA      | $363014.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                                 | Romania Government Bond                                                             | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     3500000 | PA      | $3643235.05   | 0.26%             | 2034-01-30      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Extra Space Storage LP                                  | Extra Space Storage LP                                                              | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |     1205000 | PA      | $1191734.40   | 0.08%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| Macquarie Airfinance Holdings Ltd.                      | Macquarie Airfinance Holdings Ltd.                                                  | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |      185000 | PA      | $194336.58    | 0.01%             | 2029-03-26      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: —       |
| Verus Securitization Trust                              | Verus Securitization Trust, Series 2024-5, Class A1                                 | CUSIP: 92540HAA4<br>LEI: 213800YE6HC7EZSFHW30 | Long             | ABS-MBS          | CORP              | US        |      579243 | PA      | $587648.84    | 0.04%             | 2069-06-25      | Variable      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| Octagon 57 Ltd.                                         | Octagon 57 Ltd., Series 2021-1A, Class B1R                                          | CUSIP: 67592XAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     3930000 | PA      | $3931037.52   | 0.28%             | 2034-10-15      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                        | Boeing Co. (The)                                                                    | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      840000 | PA      | $863316.47    | 0.06%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   -18800000 | PA      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Willis North America, Inc.                              | Willis North America, Inc.                                                          | CUSIP: 970648AG6<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |      250000 | PA      | $251904.36    | 0.02%             | 2028-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                               | HCA, Inc.                                                                           | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      270000 | PA      | $269401.73    | 0.02%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| CBAMR Ltd.                                              | CBAMR Ltd., Series 2020-12A, Class A1R2                                             | CUSIP: 14988FAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     3510000 | PA      | $3521060.01   | 0.25%             | 2039-01-20      | Floating      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| Republic of Panama                                      | Republic of Panama                                                                  | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      500000 | PA      | $323950.00    | 0.02%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust                          | BFLD Commercial Mortgage Trust, Series 2025-660F, Class B                           | CUSIP: 05556QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $3012793.80   | 0.21%             | 2042-11-15      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust              | JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5                | CUSIP: 46648KAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $491780.35    | 0.03%             | 2050-10-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2500000 | PA      | $1739257.80   | 0.12%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust  | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2024-OMNI, Class A   | CUSIP: 46593JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1500000 | PA      | $1528359.30   | 0.11%             | 2039-10-05      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Devon Energy Corp.                                      | Devon Energy Corp.                                                                  | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     1450000 | PA      | $1450535.25   | 0.10%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                   | Bank of America Corp.                                                               | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      500000 | PA      | $499293.22    | 0.04%             | 2028-01-20      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XFEU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1204008 | PA      | $1146674.69   | 0.08%             | 2043-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                               | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     1209000 | PA      | $1061038.70   | 0.07%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: —       |
| Angel Oak Mortgage Trust                                | Angel Oak Mortgage Trust, Series 2021-8, Class A1                                   | CUSIP: 03465MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2475507 | PA      | $2243518.84   | 0.16%             | 2066-11-25      | Variable      | 1.82%                 | Yes           |                  2 | On Loan: No      |
| Agilent Technologies, Inc.                              | Agilent Technologies, Inc.                                                          | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |      250000 | PA      | $238950.60    | 0.02%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NYC Trust                                               | NYC Trust, Series 2025-77C, Class A                                                 | CUSIP: 67123LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4350000 | PA      | $4365767.88   | 0.31%             | 2036-01-10      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3600000 | PA      | $2304000.00   | 0.16%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| OHA Credit Funding 7 Ltd.                               | OHA Credit Funding 7 Ltd., Series 2020-7A, Class A1R2                               | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     6025000 | PA      | $6055504.58   | 0.43%             | 2038-07-19      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                | COLT Mortgage Loan Trust, Series 2021-2, Class A1                                   | CUSIP: 19685WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.00         | 0.00%             | 2066-08-25      | Variable      | 0.92%                 | Yes           |                  2 | On Loan: No      |
| GCAT Trust                                              | GCAT Trust, Series 2021-NQM4, Class A1                                              | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6370030 | PA      | $5392791.38   | 0.38%             | 2066-08-25      | Variable      | 1.09%                 | Yes           |                  2 | On Loan: No      |
| Trinity Acquisition plc                                 | Trinity Acquisition plc                                                             | CUSIP: 89641UAC5<br>LEI: 549300FJZWZN6MJNGB63 | Long             | DBT              | CORP              | GB        |      250000 | PA      | $250103.69    | 0.02%             | 2026-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                    | Campbell's Co. (The)                                                                | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |      508000 | PA      | $487060.49    | 0.03%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Carlyle US CLO Ltd.                                     | Carlyle US CLO Ltd., Series 2024-2A, Class B                                        | CUSIP: 14318VAC3<br>LEI: 254900ZRCTSW8R4GLC69 | Long             | ABS-CBDO         | CORP              | KY        |     2600000 | PA      | $2606965.40   | 0.18%             | 2037-04-25      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                            | Avolon Holdings Funding Ltd.                                                        | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     1078000 | PA      | $1096434.62   | 0.08%             | 2030-01-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust, Series 2020-1, Class A2A                                 | CUSIP: 89178WBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      770000 | PA      | $707912.44    | 0.05%             | 2060-01-25      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                | Benchmark Mortgage Trust, Series 2024-V8, Class A3                                  | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1050000 | PA      | $1109357.87   | 0.08%             | 2057-07-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Sunnova Hestia I Issuer LLC                             | Sunnova Hestia I Issuer LLC, Series 2023-GRID1, Class 1A                            | CUSIP: 86746BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      237843 | PA      | $233772.30    | 0.02%             | 2050-12-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co.                                                                | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1775000 | PA      | $1672867.37   | 0.12%             | 2031-05-13      | Variable      | 2.96%                 | No            |                  2 | On Loan: —       |
| BAT International Finance plc                           | BAT International Finance plc                                                       | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |      325000 | PA      | $327687.40    | 0.02%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| SANTANDER US CAPITAL MARKETS LLC                        | Treasury Repurchase Agreement                                                       | CUSIP: N/A<br>LEI: 549300LGG2RLWD21SU97       | Long             | RA               | CORP              | US        |    10450000 | PA      | $10450000.00  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC                                     | Rocket Mortgage LLC                                                                 | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1630000 | PA      | $1496713.60   | 0.11%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133AWWM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      316893 | PA      | $261031.91    | 0.02%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                        | Boeing Co. (The)                                                                    | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     1145000 | PA      | $1291091.41   | 0.09%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 5 Year Note                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         176 | NC      | $20732.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140J6GR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      192547 | PA      | $187301.65    | 0.01%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PeaceHealth Obligated Group                             | PeaceHealth Obligated Group                                                         | CUSIP: 70462GAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      855000 | PA      | $859284.62    | 0.06%             | 2028-11-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | U.S. Treasury Ultra Bond                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         439 | NC      | $-913579.10   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Finance Corp.                                     | Alcon Finance Corp.                                                                 | CUSIP: 01400EAB9<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |      562000 | PA      | $539560.57    | 0.04%             | 2029-09-23      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Fortinet, Inc.                                          | Fortinet, Inc.                                                                      | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |      650000 | PA      | $647520.19    | 0.05%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                      | Venture Global Plaquemines LNG LLC                                                  | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      805000 | PA      | $828588.11    | 0.06%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Quanta Services, Inc.                                   | Quanta Services, Inc.                                                               | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     2147000 | PA      | $2197869.52   | 0.16%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARLYLE US CLO Ltd.                                     | Carlyle US CLO Ltd., Series 2021-1A, Class A1AR                                     | CUSIP: 14316MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     3200000 | PA      | $3213792.00   | 0.23%             | 2040-01-15      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| OBX Trust                                               | OBX Trust, Series 2022-NQM1, Class A1                                               | CUSIP: 67114VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1731021 | PA      | $1584157.70   | 0.11%             | 2061-11-25      | Variable      | 2.31%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                       | Wells Fargo & Co.                                                                   | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      366000 | PA      | $370665.16    | 0.03%             | 2033-07-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     7280000 | PA      | $50438.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133AAKC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      102643 | PA      | $84122.20     | 0.01%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP               | Invitation Homes Operating Partnership LP                                           | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |     2075000 | PA      | $1807104.41   | 0.13%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: —       |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CKN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    68720000 | PA      | $71270156.59  | 5.03%             | 2031-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                        | Republic of Peru                                                                    | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      100000 | PA      | $101850.00    | 0.01%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance, Inc.                                | Brookfield Finance, Inc.                                                            | CUSIP: 11271LAD4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |      300000 | PA      | $305108.11    | 0.02%             | 2029-03-29      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    20480000 | PA      | $-3993.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust            | American Express Credit Account Master Trust, Series 2025-3, Class A                | CUSIP: 02582JKR0<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |     3025000 | PA      | $3082085.68   | 0.22%             | 2032-04-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Adventist Health System                                 | Adventist Health System                                                             | CUSIP: 007944AK7<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |      645000 | PA      | $666707.55    | 0.05%             | 2034-12-01      | Fixed         | 5.76%                 | No            |                  2 | On Loan: —       |
| CommonSpirit Health                                     | CommonSpirit Health                                                                 | CUSIP: 20268JBD4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |     1645000 | PA      | $1620529.18   | 0.11%             | 2035-09-01      | Fixed         | 4.97%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DNU27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      929365 | PA      | $893121.06    | 0.06%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                           | Comcast Corp.                                                                       | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1232522.82   | 0.09%             | 2040-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     3860000 | PA      | $-6621.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QMAF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2780017 | PA      | $2415736.98   | 0.17%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC Multifamily Structured Pass-Through Certificates, Series K126, Class A2       | CUSIP: 3137FXYV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1000000 | PA      | $912335.70    | 0.06%             | 2031-01-25      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                      | Discover Card Execution Note Trust, Series 2023-A1, Class A                         | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |     2300000 | PA      | $2301475.45   | 0.16%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                                  | Keurig Dr Pepper, Inc.                                                              | CUSIP: 49271VAJ9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     1370000 | PA      | $1303581.14   | 0.09%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                          | Carnival Corp.                                                                      | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     1470000 | PA      | $1509725.28   | 0.11%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2024-R03, Class 2M2                     | CUSIP: 207941AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      675000 | PA      | $682158.85    | 0.05%             | 2044-03-25      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                               | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     2745000 | PA      | $2811817.25   | 0.20%             | 2029-04-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2025-ARIA, Class A                                                 | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3700000 | PA      | $3762828.96   | 0.27%             | 2042-12-13      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QDV27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1860313 | PA      | $1611458.00   | 0.11%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XDA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      347159 | PA      | $302202.63    | 0.02%             | 2052-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                           | Commonwealth of Massachusetts, Series A                                             | CUSIP: 57582PUT5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      100000 | PA      | $100809.81    | 0.01%             | 2029-05-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                               | OBX Trust, Series 2025-NQM11, Class A1A                                             | CUSIP: 67449BAL7<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-MBS          | CORP              | US        |     2170311 | PA      | $2195345.21   | 0.15%             | 2065-05-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Pernod Ricard International Finance LLC                 | Pernod Ricard International Finance LLC                                             | CUSIP: 71427QAB4<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |     1780000 | PA      | $1550545.79   | 0.11%             | 2031-04-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: —       |
| Camden Property Trust                                   | Camden Property Trust                                                               | CUSIP: 133131AX0<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              | CORP              | US        |      100000 | PA      | $96798.49     | 0.01%             | 2029-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: —       |
| Singapore Dollar                                        | Singapore Dollar                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SG        |           0 | OU      | $0.39         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems, Inc.                          | FactSet Research Systems, Inc.                                                      | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |      925000 | PA      | $913868.51    | 0.06%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2025-II Ltd.                               | CIFC Funding Ltd., Series 2025-2A, Class A                                          | CUSIP: 17181DAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     6875000 | PA      | $6881854.38   | 0.49%             | 2038-04-15      | Floating      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Atmos Energy Corp.                                      | Atmos Energy Corp.                                                                  | CUSIP: 049560AN5<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |       50000 | PA      | $49514.56     | 0.00%             | 2027-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F062622<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1000000 | PA      | $1035546.89   | 0.07%             | 2056-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                          | Enbridge, Inc.                                                                      | CUSIP: 29250NBF1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     1900000 | PA      | $1631237.80   | 0.12%             | 2033-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| Amneal Pharmaceuticals LLC                              | Amneal Pharmaceuticals LLC                                                          | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     1445000 | PA      | $1521540.21   | 0.11%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2024-BIO, Class A                                                  | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1100000 | PA      | $1100000.00   | 0.08%             | 2041-02-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.      | National Rural Utilities Cooperative Finance Corp.                                  | CUSIP: 637432NW1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |      100000 | PA      | $86271.57     | 0.01%             | 2031-03-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                   | Ashtead Capital, Inc.                                                               | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |     1352000 | PA      | $1417461.19   | 0.10%             | 2034-04-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Chord Energy Corp.                                      | Chord Energy Corp.                                                                  | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     1475000 | PA      | $1529090.82   | 0.11%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XS98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     3848593 | PA      | $3569039.57   | 0.25%             | 2053-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QSSK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    18990112 | PA      | $19321799.80  | 1.36%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140L5BW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      549684 | PA      | $478072.11    | 0.03%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Symphony CLO 36 Ltd.                                    | Symphony CLO 36 Ltd., Series 2025-52A, Class AR                                     | CUSIP: 87170MAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |     4325000 | PA      | $4326284.53   | 0.31%             | 2036-01-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Venture 38 CLO Ltd.                                     | Venture 38 CLO Ltd., Series 2019-38A, Class ARR                                     | CUSIP: 92332NBC8<br>LEI: 549300EM6DS6KQH1HN07 | Long             | ABS-CBDO         | CORP              | KY        |     2925743 | PA      | $2927779.27   | 0.21%             | 2032-07-30      | Floating      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Humana, Inc.                                            | Humana, Inc.                                                                        | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |      325000 | PA      | $336366.71    | 0.02%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QPE86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1915006 | PA      | $1769693.68   | 0.12%             | 2037-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                          | Morgan Stanley Capital I Trust, Series 2017-H1, Class AS                            | CUSIP: 61691JAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $493121.20    | 0.03%             | 2050-06-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140LQPU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     3489805 | PA      | $3225774.58   | 0.23%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                               | EQT Corp.                                                                           | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      810000 | PA      | $824277.23    | 0.06%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                      | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      895000 | PA      | $934995.86    | 0.07%             | 2036-04-17      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 39 Ltd.                                     | Elmwood CLO 39 Ltd., Series 2025-2A, Class A1                                       | CUSIP: 289910AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     3550000 | PA      | $3552112.25   | 0.25%             | 2038-04-17      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QTNV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     6862849 | PA      | $7029076.80   | 0.50%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    93670000 | PA      | $-131149.05   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                       | Lowe's Cos., Inc.                                                                   | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     2025000 | PA      | $1802679.97   | 0.13%             | 2030-10-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     1710000 | PA      | $1098.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP BV                                                  | NXP BV                                                                              | CUSIP: 62954HBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1950000 | PA      | $1764437.47   | 0.12%             | 2031-05-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140FPFQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      703484 | PA      | $683090.10    | 0.05%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                               | EQT Corp.                                                                           | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      650000 | PA      | $647529.58    | 0.05%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2024-HQA1, Class A1                                 | CUSIP: 35564NBW2<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.05         | 0.00%             | 2044-03-25      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Australia 3 Year Bond                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | AU        |         306 | NC      | $-49289.97    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3050000 | PA      | $2335990.24   | 0.16%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| Province of Ontario Canada                              | Province of Ontario                                                                 | CUSIP: 68323AFF6<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |       45000 | PA      | $44757.02     | 0.00%             | 2026-06-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2025-ROIC, Class A                                                 | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4528280 | PA      | $4532340.95   | 0.32%             | 2030-03-15      | Floating      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     6560000 | PA      | $18947.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F050627<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    19000000 | PA      | $18994765.50  | 1.34%             | 2056-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                               | HCA, Inc.                                                                           | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     2115000 | PA      | $2198875.76   | 0.16%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     3590000 | PA      | $3098.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133KQDS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1030820 | PA      | $1076656.92   | 0.08%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   114230000 | PA      | $308936.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179WR42<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2109030 | PA      | $1951674.75   | 0.14%             | 2051-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                    | BBCMS Mortgage Trust, Series 2024-C24, Class A5                                     | CUSIP: 07336VAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1075000 | PA      | $1121486.01   | 0.08%             | 2057-02-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140X9D77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     3352865 | PA      | $2868903.44   | 0.20%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC Multifamily Structured Pass-Through Certificates, Series K544, Class A2       | CUSIP: 3137HMCE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3350000 | PA      | $3378768.13   | 0.24%             | 2030-07-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                             | Intel Corp.                                                                         | CUSIP: 458140CG3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     2300000 | PA      | $2345634.39   | 0.17%             | 2033-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| Wisconsin Power and Light Co.                           | Wisconsin Power and Light Co.                                                       | CUSIP: 976826BP1<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |       35000 | PA      | $30645.17     | 0.00%             | 2031-09-16      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    13690000 | PA      | $349181.40    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     8190000 | PA      | $17014.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                   | Global Payments, Inc.                                                               | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     1365000 | PA      | $1353556.99   | 0.10%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2                     | CUSIP: 20753UAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $606438.42    | 0.04%             | 2044-01-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XDRN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1283760 | PA      | $1115574.64   | 0.08%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |        4700 | PA      | $3529.59      | 0.00%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QHE27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1590784 | PA      | $1510529.61   | 0.11%             | 2036-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     3690000 | PA      | $-7917.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    13020000 | PA      | $-4702.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179WTY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     8654852 | PA      | $7501101.30   | 0.53%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO 2022-II Ltd.                              | Park Blue CLO Ltd., Series 2022-2A, Class A1R                                       | CUSIP: 70018CAQ9<br>LEI: 2138008W8XU9WO8BZO09 | Long             | ABS-CBDO         | CORP              | KY        |     1450000 | PA      | $1453707.65   | 0.10%             | 2037-07-20      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    83060000 | PA      | $85587490.05  | 6.04%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                             | Capital One Financial Corp.                                                         | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      550000 | PA      | $549144.71    | 0.04%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Amgen, Inc.                                             | Amgen, Inc.                                                                         | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |      973000 | PA      | $1009572.41   | 0.07%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Hewlett Packard Enterprise Co.                          | Hewlett Packard Enterprise Co.                                                      | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     1881000 | PA      | $1852293.04   | 0.13%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| JPMBB Commercial Mortgage Securities Trust              | JPMBB Commercial Mortgage Securities Trust, Series 2015-C30, Class AS               | CUSIP: 46644UBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      479427 | PA      | $469847.73    | 0.03%             | 2048-07-15      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QNW65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1540639 | PA      | $1368277.89   | 0.10%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    17360000 | PA      | $-136949.44   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK                                                    | BANK, Series 2021-BN31, Class AS                                                    | CUSIP: 06541ABP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3374301 | PA      | $2953632.29   | 0.21%             | 2054-02-15      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    19490000 | PA      | $-29380.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -680000 | PA      | $-10522.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Peru                                        | Republic of Peru                                                                    | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      510000 | PA      | $518211.00    | 0.04%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Laboratory Corp. of America Holdings                    | Laboratory Corp. of America Holdings                                                | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |      463000 | PA      | $457168.13    | 0.03%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133KQK88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1345075 | PA      | $1397614.20   | 0.10%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, 30 Year, Single Family                                                        | CUSIP: 01F042624<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6000000 | PA      | $5877700.08   | 0.41%             | 2056-02-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    48340000 | PA      | $-141357.09   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    77210000 | PA      | $-747116.05   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     7000000 | PA      | $3661601.58   | 0.26%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DNRD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      280740 | PA      | $243258.28    | 0.02%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133A9HE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      140626 | PA      | $115222.57    | 0.01%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                      | Southern Co. (The), Series 21-B                                                     | CUSIP: 842587DH7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      550000 | PA      | $525532.07    | 0.04%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Anheuser-Busch Cos. LLC                                 | Anheuser-Busch Cos. LLC                                                             | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      715000 | PA      | $705109.27    | 0.05%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GMF Floorplan Owner Revolving Trust                     | GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1                        | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2200000 | PA      | $2211889.46   | 0.16%             | 2028-06-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Arizona Public Service Co.                              | Arizona Public Service Co.                                                          | CUSIP: 040555DD3<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |      210000 | PA      | $184688.95    | 0.01%             | 2031-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust          | Morgan Stanley Residential Mortgage Loan Trust, Series 2026-DSC1, Class A1          | CUSIP: 617950AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3450000 | PA      | $3452368.08   | 0.24%             | 2071-01-25      | Variable      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    55000000 | PA      | $93443.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        | 17155000000 | PA      | $276211.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   631000000 | PA      | $-103403.36   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co.                                 | Commonwealth Edison Co.                                                             | CUSIP: 202795JR2<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |      149000 | PA      | $138300.88    | 0.01%             | 2030-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CCE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4600000 | PA      | $4364250.00   | 0.31%             | 2028-05-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    11820000 | PA      | $8768039.12   | 0.62%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H050623<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     3000000 | PA      | $2999286.45   | 0.21%             | 2056-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DVMU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     7087544 | PA      | $7473719.38   | 0.53%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Halseypoint CLO 7 Ltd.                                  | Halseypoint CLO 7 Ltd., Series 2023-7A, Class A1R                                   | CUSIP: 40638LAL3<br>LEI: 5493000LI3XMVBCJEF82 | Long             | ABS-CBDO         | CORP              | JE        |     4000000 | PA      | $4012596.00   | 0.28%             | 2038-07-20      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC Multifamily Structured Pass-Through Certificates, Series K077, Class A2       | CUSIP: 3137FG6X8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     2000000 | PA      | $2000355.80   | 0.14%             | 2028-05-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| BANK5                                                   | BANK5, Series 2025-5YR19, Class AS                                                  | CUSIP: 05494RBT8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $3086748.60   | 0.22%             | 2058-12-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  5502441681 | PA      | $-510963.03   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    27830000 | PA      | $-92510.23    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    27970000 | PA      | $48290.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XBT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      386239 | PA      | $368669.84    | 0.03%             | 2052-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     6900000 | PA      | $27123.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                    | Steel Dynamics, Inc.                                                                | CUSIP: 858119BK5<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |     1555000 | PA      | $1503900.83   | 0.11%             | 2030-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: —       |
| Kyndryl Holdings, Inc.                                  | Kyndryl Holdings, Inc.                                                              | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |        5000 | PA      | $4929.40      | 0.00%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                     | Regal Rexnord Corp.                                                                 | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     2286000 | PA      | $2423771.69   | 0.17%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179XLG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    14186451 | PA      | $13956186.36  | 0.98%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140L6P99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       58968 | PA      | $48595.41     | 0.00%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XDQC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      136288 | PA      | $112265.01    | 0.01%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corp.                                        | Fair Isaac Corp.                                                                    | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     1475000 | PA      | $1502929.13   | 0.11%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  2328000000 | PA      | $109833.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    35516955 | PA      | $-31371.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HCA, Inc.                                               | HCA, Inc.                                                                           | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     2725000 | PA      | $2730827.14   | 0.19%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   441860000 | PA      | $-14460.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 50 Ltd.              | Neuberger Berman Loan Advisers CLO 50 Ltd., Series 2022-50A, Class AR               | CUSIP: 64134VAQ9<br>LEI: 549300UMYON6L2REF246 | Long             | ABS-CBDO         | CORP              | JE        |     2450000 | PA      | $2451952.65   | 0.17%             | 2036-07-23      | Floating      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                         | Oncor Electric Delivery Co. LLC                                                     | CUSIP: 68233JCK8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |      160000 | PA      | $159820.69    | 0.01%             | 2032-09-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| NYC Commercial Mortgage Trust                           | NYC Commercial Mortgage Trust, Series 2025-11X, Class A                             | CUSIP: 67122NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1800000 | PA      | $1813967.10   | 0.13%             | 2040-10-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Province of Quebec Canada                               | Province of Quebec                                                                  | CUSIP: 748149AN1<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |       25000 | PA      | $24722.39     | 0.00%             | 2027-04-12      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                  | Extra Space Storage LP                                                              | CUSIP: 30225VAM9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |      300000 | PA      | $299373.50    | 0.02%             | 2027-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                             | Amgen, Inc.                                                                         | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     1461000 | PA      | $1511909.61   | 0.11%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC Multifamily Structured Pass-Through Certificates, Series K086, Class A2       | CUSIP: 3137FKSH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1000000 | PA      | $999816.60    | 0.07%             | 2028-11-25      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QDVN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1655104 | PA      | $1473108.91   | 0.10%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Reliance, Inc.                                          | Reliance, Inc.                                                                      | CUSIP: 759509AG7<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |     1620000 | PA      | $1473675.30   | 0.10%             | 2030-08-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: —       |
| Chubb INA Holdings LLC                                  | Chubb INA Holdings LLC                                                              | CUSIP: 171232AE1<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |      549000 | PA      | $615212.30    | 0.04%             | 2031-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3133AAQB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      762217 | PA      | $624049.18    | 0.04%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Sound Point Euro CLO 14 Funding DAC                     | Sound Point Euro CLO 14 Funding DAC, Series 14A, Class B                            | CUSIP: N/A<br>LEI: 635400MRPPDDKPZD8B91       | Long             | ABS-CBDO         | CORP              | IE        |     1400000 | PA      | $1666127.96   | 0.12%             | 2039-04-20      | Floating      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                               | Williams Cos., Inc. (The)                                                           | CUSIP: 969457BZ2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     2050000 | PA      | $2049484.38   | 0.14%             | 2032-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Synopsys, Inc.                                          | Synopsys, Inc.                                                                      | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |     2223000 | PA      | $2274475.54   | 0.16%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Interstate Power and Light Co.                          | Interstate Power and Light Co.                                                      | CUSIP: 461070AP9<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |      100000 | PA      | $100143.96    | 0.01%             | 2028-09-26      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| FHLMC                                                   | FHLMC STACR Trust, Series 2019-HQA2, Class M2                                       | CUSIP: 35564MAH8<br>LEI: 549300NKHCH87PYOHD44 | Long             | ABS-MBS          | CORP              | US        |      471292 | PA      | $478338.16    | 0.03%             | 2049-04-25      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | FNMA ACES, Series 2022-M1, Class A2                                                 | CUSIP: 3136BKX80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1000000 | PA      | $873488.30    | 0.06%             | 2031-10-25      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                        | AutoNation, Inc.                                                                    | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1425000 | PA      | $1437471.44   | 0.10%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                          | Broadcom, Inc.                                                                      | CUSIP: 11135FCP4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      625000 | PA      | $602044.86    | 0.04%             | 2028-02-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                       | BAT Capital Corp.                                                                   | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      300000 | PA      | $298091.74    | 0.02%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: —       |
| Angel Oak Mortgage Trust                                | Angel Oak Mortgage Trust, Series 2025-7, Class A1                                   | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |     3397759 | PA      | $3433843.19   | 0.24%             | 2070-06-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H020626<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    10000000 | PA      | $8314666.40   | 0.59%             | 2056-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust, Series 2021-7, Class A1                                 | CUSIP: 92538QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3961338 | PA      | $3675300.86   | 0.26%             | 2066-10-25      | Variable      | 2.83%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -610000 | PA      | $-9439.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    47840000 | PA      | $-212061.20   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| POSCO                                                   | POSCO                                                                               | CUSIP: 73730EAD5<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |      350000 | PA      | $360520.29    | 0.03%             | 2028-01-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Hungary                                                 | Hungary Government Bond                                                             | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |     1380000 | PA      | $1423541.17   | 0.10%             | 2035-09-26      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| Polish Zloty - New                                      | Polish Zloty - New                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |           1 | OU      | $0.19         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software, Inc.                            | Constellation Software, Inc.                                                        | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |     1572000 | PA      | $1581116.52   | 0.11%             | 2034-02-16      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     1920000 | PA      | $-2690.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp.             | State Board of Administration Finance Corp., Series A                               | CUSIP: 341271AF1<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |       75000 | PA      | $69212.89     | 0.00%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36178YCG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      487101 | PA      | $456184.22    | 0.03%             | 2042-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities                           | Connecticut Avenue Securities, Series 2025-R01, Class 1M2                           | CUSIP: 20755JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1000000 | PA      | $1000308.60   | 0.07%             | 2045-01-25      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Tucson Electric Power Co.                               | Tucson Electric Power Co.                                                           | CUSIP: 898813AS9<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |      100000 | PA      | $88847.28     | 0.01%             | 2030-08-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                       | Choice Hotels International, Inc.                                                   | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |      713000 | PA      | $730492.66    | 0.05%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| Allegion US Holding Co., Inc.                           | Allegion US Holding Co., Inc.                                                       | CUSIP: 01748NAE4<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |       60000 | PA      | $59485.36     | 0.00%             | 2027-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: —       |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     1700000 | PA      | $16538.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418DUG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     9115109 | PA      | $7463827.27   | 0.53%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140QS5D9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1266444 | PA      | $1317128.31   | 0.09%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Magnetite XVII Ltd.                                     | Magnetite XVII Ltd., Series 2016-17A, Class AR2                                     | CUSIP: 55954EAY5<br>LEI: 5493003SVWF9GG13MZ22 | Long             | ABS-CBDO         | CORP              | KY        |     4000000 | PA      | $4008164.00   | 0.28%             | 2037-04-20      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Province of British Columbia Canada                     | Province of British Columbia                                                        | CUSIP: 110709AE2<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |       25000 | PA      | $21981.24     | 0.00%             | 2031-01-29      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                       | BAT Capital Corp.                                                                   | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      110000 | PA      | $128394.19    | 0.01%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| AerCap Ireland Capital DAC                              | AerCap Ireland Capital DAC                                                          | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     2289000 | PA      | $2117779.96   | 0.15%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                   | Saudi Arabian Oil Co.                                                               | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | NUSS              | SA        |      200000 | PA      | $189771.00    | 0.01%             | 2054-07-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                               | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1038085.41   | 0.07%             | 2036-01-24      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    12500000 | PA      | $12196289.00  | 0.86%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XJZE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1374974 | PA      | $1435277.82   | 0.10%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                     | Maryland Economic Development Corp., Series 2024                                    | CUSIP: 574205JA9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |      490000 | PA      | $500550.63    | 0.04%             | 2032-11-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials, Inc.                       | Solstice Advanced Materials, Inc.                                                   | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     1505000 | PA      | $1512955.43   | 0.11%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| EURO                                                    | EURO                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |        1009 | OU      | $1196.14      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                           | British Pound                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |          51 | OU      | $69.53        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                    | Meta Platforms, Inc.                                                                | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     4550000 | PA      | $4500603.74   | 0.32%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Citigroup, Inc.                                         | Citigroup, Inc.                                                                     | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      825000 | PA      | $860065.55    | 0.06%             | 2036-01-24      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     9730000 | PA      | $-62843.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418DVC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      402237 | PA      | $345020.52    | 0.02%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    87280000 | PA      | $346933.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                      | United Rentals North America, Inc.                                                  | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     2560000 | PA      | $2558494.62   | 0.18%             | 2033-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Ultra Note                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -514 | NC      | $507766.42    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 36179TG33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      313528 | PA      | $286519.87    | 0.02%             | 2047-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418DTQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     9306675 | PA      | $7625503.94   | 0.54%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | OIS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   210563298 | PA      | $-203696.09   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cencora, Inc.                                           | Cencora, Inc.                                                                       | CUSIP: 03073EAR6<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |      100000 | PA      | $94184.33     | 0.01%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Northwest Pipeline LLC                                  | Northwest Pipeline LLC                                                              | CUSIP: 66775VAB1<br>LEI: 549300FFKMN9OW536A14 | Long             | DBT              | CORP              | US        |      275000 | PA      | $274961.51    | 0.02%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                     | Viking Cruises Ltd.                                                                 | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     1485000 | PA      | $1505480.60   | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Block Financial LLC                                     | Block Financial LLC                                                                 | CUSIP: 093662AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      275000 | PA      | $263441.22    | 0.02%             | 2028-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 41 Ltd.                                     | Elmwood CLO 41 Ltd., Series 2025-4A, Class A                                        | CUSIP: 29005BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     4700000 | PA      | $4721878.50   | 0.33%             | 2038-07-17      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| IDEX Corp.                                              | IDEX Corp.                                                                          | CUSIP: 45167RAH7<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |      275000 | PA      | $250951.71    | 0.02%             | 2031-06-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: —       |
| Keurig Dr Pepper, Inc.                                  | Keurig Dr Pepper, Inc.                                                              | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |      573000 | PA      | $567663.64    | 0.04%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                   | Targa Resources Corp.                                                               | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      220000 | PA      | $210459.74    | 0.01%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd. Finance Corp.                                | Bunge Ltd. Finance Corp.                                                            | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |      792000 | PA      | $792951.90    | 0.06%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| Royalty Pharma plc                                      | Royalty Pharma plc                                                                  | CUSIP: 78081BAR4<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     2468000 | PA      | $2527624.49   | 0.18%             | 2034-09-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| FS KKR Capital Corp.                                    | FS KKR Capital Corp.                                                                | CUSIP: 302635AH0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |      500000 | PA      | $488337.67    | 0.03%             | 2027-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                        | McDonald's Corp.                                                                    | CUSIP: 58013MFP4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |      750000 | PA      | $746839.43    | 0.05%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| CDW LLC                                                 | CDW LLC                                                                             | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      125000 | PA      | $120642.91    | 0.01%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                 | CUSIP: 912810QL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     7250000 | PA      | $6965380.88   | 0.49%             | 2040-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | SOP                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     9400000 | PA      | $7140.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                         | Citigroup, Inc.                                                                     | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2289099.30   | 0.16%             | 2033-01-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: —       |
| Essential Utilities, Inc.                               | Essential Utilities, Inc.                                                           | CUSIP: 29670GAD4<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |       50000 | PA      | $47029.50     | 0.00%             | 2030-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XC7K8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     7020097 | PA      | $6067052.56   | 0.43%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK5                                                   | BANK5, Series 2025-5YR17, Class AS                                                  | CUSIP: 06211GAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2300000 | PA      | $2373747.43   | 0.17%             | 2058-11-15      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                               | CUSIP: 06051GJZ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     3325000 | PA      | $3177985.99   | 0.22%             | 2029-06-14      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                       | Choice Hotels International, Inc.                                                   | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |     3009000 | PA      | $2882204.62   | 0.20%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XXI Ltd.                    | Octagon Investment Partners XXI Ltd., Series 2014-1A, Class AAR4                    | CUSIP: 67590QBW6<br>LEI: 549300XIS9D4AHDX5A35 | Long             | ABS-CBDO         | CORP              | KY        |           0 | PA      | $0.00         | 0.00%             | 2031-02-14      | Floating      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | IRS                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     2930000 | PA      | $-3500.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 31418DZW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     3525455 | PA      | $3019179.77   | 0.21%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hungary                                                 | Hungary Government Bond                                                             | CUSIP: 445545AN6<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1560000 | PA      | $957197.11    | 0.07%             | 2051-09-21      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA                                                                                | CUSIP: 21H052629<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     3000000 | PA      | $3032768.76   | 0.21%             | 2056-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS                                                                                | CUSIP: 3132DVLY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     7537831 | PA      | $6534761.80   | 0.46%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                 | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    85520000 | PA      | $83746127.91  | 5.91%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                      | Ares Capital Corp.                                                                  | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      175000 | PA      | $173342.85    | 0.01%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| PPM CLO 6-R Ltd.                                        | PPM CLO 6-R Ltd., Series 2022-6RA, Class A1R                                        | CUSIP: 693975AC8<br>LEI: 2549003CULWUB4AA0151 | Long             | ABS-CBDO         | CORP              | JE        |     3300000 | PA      | $3310883.40   | 0.23%             | 2037-01-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS                                                                                | CUSIP: 3140XQGM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      876091 | PA      | $912596.21    | 0.06%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Nationwide Mutual Funds

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer