# EDGAR Filing Document

**Accession Number:** 0000764859
**File Stem:** 0000910472-25-001897
**Filing Date:** 2025-9
**Character Count:** 150684
**Document Hash:** 2377ef72f6c833c760867dcd28a33ac3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001897.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN PENSION INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000764859

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04262
- **FILM NUMBER:** 251354917

**BUSINESS ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551
- **BUSINESS PHONE:** 434-846-1361

**MAIL ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551

## Series and Classes Contracts Data

### Yorktown Multi-Sector Bond Fund (Series ID: S000008428)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000023135 | Class L Shares             | AFFIX           |
| C000023136 | Class A Shares             | APIUX           |
| C000085545 | Institutional Class Shares | APIIX           |
| C000169022 | Class C                    | AFFCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Pension Investors Trust

- **b. Investment Company Act file number:** 811-04262

- **c. CIK number of Registrant:** 0000764859

- **d. LEI of Registrant:** 549300XN7GOBVVCYXP64

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

  - **Street Address 1:** 2303 Yorktown Ave.

  - **City:** Lynchburg

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 24501

  - **Telephone number:** 434-846-1361

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

- **a. Name of Series:** YORKTOWN MULTI-SECTOR BOND FUND

- **b. EDGAR series identifier (if any):** S000008428

- **c. LEI of Series:** 549300TQ0FG3E0K65587

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $353932744.05

**Total Liabilities:** $815176.37

**Net Assets:** $353117567.68

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 639.58048209 | **1-Year:** 7810.89432627 | **5-Year:** 35452.46916804 | **10-Year:** 57216.39497363 | **30-Year:** 33191.10315452

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

- **3-Month:** 730.68403228 | **1-Year:** 4317.03315609 | **5-Year:** 5811.94408620 | **10-Year:** 1477.74268420 | **30-Year:** 814.63018519

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169022 | -0.88%               | 0.39%                | -1.06%               |
| Class ID C000023135 | 0.24%                | 1.22%                | 0.10%                |
| Class ID C000085545 | 0.28%                | 1.35%                | 0.05%                |
| Class ID C000023136 | -5.51%               | -4.55%               | -5.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1222603.89             | $750909.53                                 |
| Month 2  | $-180211.45              | $3584050.30                                |
| Month 3  | $-512602.55              | $-440060.81                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B5F37<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $990750.16    | 0.28%             | 2045-03-10      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | Carnival Corp.                                                         | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009493.00   | 0.29%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133ANKU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    698773 | PA      | $579933.87    | 0.16%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD 21-38A                                                                  | Madison Park Funding Ltd.                                              | CUSIP: 55821KAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003359.00   | 0.28%             | 2034-07-17      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418E2E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    766508 | PA      | $778139.42    | 0.22%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                                                                                 | Ball Corp.                                                             | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $899020.30    | 0.25%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QM6E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    808397 | PA      | $692854.38    | 0.20%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                                                                   | Kroger Co/The                                                          | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989709.83    | 0.28%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                                      | United Parcel Service, Inc.                                            | CUSIP: 911312CE4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960410.14    | 0.27%             | 2054-05-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                                 | Canadian Pacific Railway Co.                                           | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $875006.95    | 0.25%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG Energy, Inc.                                                       | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996135.00    | 0.28%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                                     | Norfolk Southern Corp.                                                 | CUSIP: 655844CR7<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513917.61    | 0.15%             | 2030-08-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| KFC Holding Co., Pizza Hut Holdings, LLC Taco Bell of America LLC                                | KFC Holding Co/Pizza Hut Hold. LLC/Taco Bell LLC                       | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1992311.10   | 0.56%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ameren Illinois Company                                                                          | Ameren Illinois Co.                                                    | CUSIP: 02361DBA7<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009328.46   | 0.29%             | 2033-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                                    | Dell International LLC / EMC Corp                                      | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014972.94   | 0.29%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    832559 | PA      | $814657.00    | 0.23%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | Wells Fargo & Co.                                                      | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991295.20    | 0.28%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                                                                     | Honeywell International, Inc.                                          | CUSIP: 438516CT1<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941669.93    | 0.27%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co LLC                                                                   | Nissan Motor Acceptance Co. LLC                                        | CUSIP: 65480CAJ4<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991026.41    | 0.28%             | 2027-09-13      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                           | Standard Chartered PLC                                                 | CUSIP: 853254CD0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1892540.72   | 0.54%             | N/A             | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130AJSU4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $665613.88    | 0.19%             | 2040-07-16      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                         | Lloyds Banking Group PLC                                               | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2007452.00   | 0.57%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    940987 | PA      | $954605.00    | 0.27%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                                   | ING Groep NV                                                           | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $997661.50    | 0.28%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| USASF RECEIVABLES LLC 21-1A                                                                      | US Auto Funding                                                        | CUSIP: 90355EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340036 | PA      | $289542.64    | 0.08%             | 2026-05-15      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| Ritchie Bros. Holdings Inc                                                                       | Ritchie Bros Holdings Inc                                              | CUSIP: 76774LAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1537336.95   | 0.44%             | 2028-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                                | SBL Holdings, Inc.                                                     | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022500.00   | 0.29%             | 2165-05-13      | Floating      | 9.58%                 | Yes           |                  2 | On Loan: No      |
| Regatta Funding Ltd.                                                                             | Regatta Funding Ltd.                                                   | CUSIP: 75887NBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003638.00   | 0.28%             | 2034-04-20      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPMorgan Chase & Co                                                    | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2055168.00   | 0.58%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING 2025-1 LLC                                                                 | SCF Equipment Leasing LLC                                              | CUSIP: 78437DAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $510033.60    | 0.14%             | 2035-11-20      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                              | Dominion Energy Inc.                                                   | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980113.00    | 0.28%             | N/A             | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GATX Corporation                                                                                 | GATX Corp.                                                             | CUSIP: 361448BF9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1945867.72   | 0.55%             | 2030-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418ER77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    857426 | PA      | $838084.81    | 0.24%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pacific Lifecorp                                                                                 | Pacific LifeCorp                                                       | CUSIP: 694476AE2<br>LEI: VFN8KLUEIK7XMVX1JM30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $337533.21    | 0.10%             | 2050-09-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                    | CCO Holdings LLC/CCO Holdings Capital Corp.                            | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $888906.80    | 0.25%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group Inc                                                                       | Performance Food Group, Inc.                                           | CUSIP: 71376LAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $481149.85    | 0.14%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QREJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1676188 | PA      | $1641271.74   | 0.46%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133CAU81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1758362 | PA      | $1786035.69   | 0.51%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Utilities Company                                                                       | Kentucky Utilities Co.                                                 | CUSIP: 491674BM8<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $677851.02    | 0.19%             | 2050-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                | HSBC Holdings PLC                                                      | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1059841.00   | 0.30%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KYV48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1463549 | PA      | $1249017.16   | 0.35%             | 2041-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B4NH0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $996643.74    | 0.28%             | 2045-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXIX LTD                                                             | Benefit Street Partners CLO Ltd.                                       | CUSIP: 08186EAN8<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $996796.00    | 0.28%             | 2038-01-25      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                              | Bank of Nova Scotia/The                                                | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1068514.00   | 0.30%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                                             | Kyndryl Holdings, Inc.                                                 | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $896568.96    | 0.25%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                            | Duke Energy Ohio, Inc.                                                 | CUSIP: 26442EAL4<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973408.63    | 0.28%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418E6Y1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    950210 | PA      | $902120.27    | 0.26%             | 2054-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST                                                   | Foursight Capital Automobile Receivables Trust                         | CUSIP: 35105JAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $994690.70    | 0.28%             | 2028-05-15      | Fixed         | 3.07%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418FDA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1906386 | PA      | $1856929.76   | 0.53%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | Citigroup, Inc.                                                        | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1955749.40   | 0.55%             | N/A             | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EKS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1290575 | PA      | $1193247.26   | 0.34%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EZ52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    928979 | PA      | $857809.45    | 0.24%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES PASS THROUGH TRUSTS                                                              | United Airlines Pass Through Trust                                     | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280613 | PA      | $280059.28    | 0.08%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                                                                         | SBA Communications Corp.                                               | CUSIP: 78410GAC8<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196678.90    | 0.06%             | 2027-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B4VR9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $995930.54    | 0.28%             | 2040-02-06      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Canpack SA And Canpack US LLC                                                                    | Canpack SA/Canpack US LLC                                              | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $466146.70    | 0.13%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                     | Hess Midstream Operations LP                                           | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017217.00   | 0.29%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                                          | JBS USA LUX SA/JBS USA Food Co./ JBS USA Finance, Inc.                 | CUSIP: 46590XAU0<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $457872.45    | 0.13%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DQE51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    819040 | PA      | $818579.14    | 0.23%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWHZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    876034 | PA      | $854756.09    | 0.24%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                                                                         | Marathon Petroleum Corp.                                               | CUSIP: 56585ABK7<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018895.87   | 0.29%             | 2030-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TOWD POINT ASSET TRUST 2021-SL1                                                                  | Towd Point Asset Trust                                                 | CUSIP: 89179XAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    221457 | PA      | $221224.00    | 0.06%             | 2061-11-20      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | Broadcom, Inc.                                                         | CUSIP: 11135FBJ9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $791788.25    | 0.22%             | 2041-02-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Company                                                               | Southern California Edison Co.                                         | CUSIP: 842400GR8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $823258.89    | 0.23%             | 2049-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC                                                        | Amur Equipment Finance Receivables XI LLC                              | CUSIP: 03236XAE7<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1017901.60   | 0.29%             | 2029-05-21      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | United Airlines Pass Through Trust                                     | CUSIP: 90933JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    357639 | PA      | $355875.90    | 0.10%             | 2025-10-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                               | Vertiv Group Corp.                                                     | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973449.70    | 0.28%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                     | Tenet Healthcare Corp                                                  | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494867.60   | 0.42%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sunoco LP / Sunoco Finance Corp.                                                                 | Sunoco LP / Sunoco Finance Corp                                        | CUSIP: 86765LAN7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499074.30    | 0.14%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                               | Iron Mountain, Inc.                                                    | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978547.00    | 0.28%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Service Corporation International                                                                | Service Corp International/US                                          | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981161.00   | 0.56%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                            | Societe Generale SA                                                    | CUSIP: 83370RAD0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2124542.00   | 0.60%             | N/A             | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UniCredit S.p.A.                                                                                 | UniCredit SpA                                                          | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    500000 | PA      | $496656.80    | 0.14%             | 2035-06-30      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Federal Agricultural Mortgage Corporation                                                        | Federal Agricultural Mortgage Corp.                                    | CUSIP: 3132X0UB5<br>LEI: 549300MS654K78GYF580 | Long             | DBT              | USGA              | US        |    500000 | PA      | $460587.49    | 0.13%             | 2032-06-29      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                                       | Pilgrim's Pride Corp.                                                  | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $956607.20    | 0.27%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                               | State Street Corp                                                      | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033496.00   | 0.29%             | 2049-12-31      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Union Electric Company                                                                           | Union Electric Co.                                                     | CUSIP: 906548CX8<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $927696.86    | 0.26%             | 2054-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | Barclays PLC                                                           | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2005564.00   | 0.57%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                                                                        | Prosus NV                                                              | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $445482.94    | 0.13%             | 2031-07-13      | Fixed         | 3.06%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132D6N22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    526386 | PA      | $481165.48    | 0.14%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                                                                    | AEP Texas, Inc.                                                        | CUSIP: 00108WAM2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $443700.36    | 0.13%             | 2030-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133ERTU5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $972017.40    | 0.28%             | 2039-09-19      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                               | Banco Bilbao Vizcaya Argentaria SA                                     | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $794891.52    | 0.23%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50076QAC0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    300000 | PA      | $267134.40    | 0.08%             | 2042-06-04      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133N3ZQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    840945 | PA      | $844026.64    | 0.24%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILDENE TRUPS SECS 2019-2                                                                        | Hildene TruPS Financials Note Secruitization                           | CUSIP: 43133JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1619830 | PA      | $1619830.49   | 0.46%             | 2039-05-22      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1873738 | PA      | $1901101.49   | 0.54%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                                                                    | iShares Convertible Bond ETF                                           | CUSIP: 46435G102<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     34000 | NS      | $3148740.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc.                                                                                 | Yum! Brands, Inc.                                                      | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $923060.90    | 0.26%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133ETDS3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $2007071.18   | 0.57%             | 2045-04-21      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC  | CUSIP: 013092AC5<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986051.50   | 0.56%             | 2027-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| OAKTREE CLO 2019-3 LTD                                                                           | Oaktree CLO 2019-3 Ltd                                                 | CUSIP: 67400EBG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001211.00   | 0.28%             | 2038-01-20      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EXV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    783213 | PA      | $796450.52    | 0.23%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING LLC 2024-A                                                                          | NMEF Funding 2024-A LLC                                                | CUSIP: 62919UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505883.40    | 0.14%             | 2031-12-15      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP / Sunoco Finance Corp.                                                                 | Sunoco LP / Sunoco Finance Corp                                        | CUSIP: 86765LAQ0<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150027.06    | 0.04%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                                   | Hewlett Packard Enterprise Co.                                         | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970449.43    | 0.27%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140NCTZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    738543 | PA      | $723882.93    | 0.20%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC                                                                           | Brightstar Lottery PLC                                                 | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1010812.59   | 0.29%             | 2027-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140LRTN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    800163 | PA      | $660491.52    | 0.19%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B3M42<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1000404.02   | 0.28%             | 2034-11-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES X LLC                                                         | Amur Equipment Finance Receivables LLC                                 | CUSIP: 03236VAF8<br>LEI: 549300K5Y88MV8B4M421 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $749559.00    | 0.21%             | 2028-12-20      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST 2024-2                                                                     | HPEFS Equipment Trust                                                  | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $507811.40    | 0.14%             | 2032-04-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| ING Groep N.V.                                                                                   | ING Groep NV                                                           | CUSIP: 456837AZ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $866109.80    | 0.25%             | N/A             | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418FAS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    697927 | PA      | $713759.29    | 0.20%             | 2054-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                                      | Walmart, Inc.                                                          | CUSIP: 931142FE8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $869598.69    | 0.25%             | 2053-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Clo XXI LLC                                                                     | Neuberger Berman CLO XXI Ltd.                                          | CUSIP: 64130DBW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004473.00   | 0.28%             | 2039-01-20      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| HP Inc                                                                                           | HP, Inc.                                                               | CUSIP: 428236BR3<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2520963.40   | 0.71%             | 2041-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418E4P2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    701470 | PA      | $723931.27    | 0.21%             | 2054-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| The Dayton Power and Light Company                                                               | Dayton Power & Light Co./The                                           | CUSIP: 240019BV0<br>LEI: 1ELKY8G44MKGCQWG6864 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $738225.62    | 0.21%             | 2049-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FGY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1922305 | PA      | $1913704.82   | 0.54%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS Group AG                                                           | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1068444.00   | 0.30%             | N/A             | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Alcoa Nederland Holding B.V.                                                                     | Alcoa Nederland Holding BV                                             | CUSIP: 013822AE1<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1979813.66   | 0.56%             | 2027-12-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWGE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1749526 | PA      | $1616536.06   | 0.46%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | US Bancorp                                                             | CUSIP: 902973AZ9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998499.50    | 0.28%             | N/A             | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR 2024-5                                                                    | Pagaya AI Debt Grantor Trust 2024-5                                    | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    346969 | PA      | $349851.23    | 0.10%             | 2031-10-15      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | Ford Motor Credit Co., LLC                                             | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990188.34   | 0.56%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2022-2                                            | Foursight Capital Automobile Receivables Trust                         | CUSIP: 34660DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    953110 | PA      | $954535.59    | 0.27%             | 2028-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Fednat Holding Company                                                                           | FedNat Holding Co.                                                     | CUSIP: 31431BAC3<br>LEI: 549300TFR6HALUYTYJ66 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $120000.00    | 0.03%             | 2029-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418ET59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1736865 | PA      | $1696206.62   | 0.48%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140M2PE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    397076 | PA      | $340882.70    | 0.10%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140K9MZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    174158 | PA      | $167668.62    | 0.05%             | 2035-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140XGSS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1458858 | PA      | $1348319.41   | 0.38%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B4V24<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $987159.44    | 0.28%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                                | Anheuser-Busch Cos LLC/ Anheuser-Busch InBev Worldwide, Inc.           | CUSIP: 03522AAE0<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97020.13     | 0.03%             | 2036-02-01      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| iShares Trust                                                                                    | iShares US Preferred Stock ETF                                         | CUSIP: 464288687<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     10000 | NS      | $312500.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    820796 | PA      | $780483.15    | 0.22%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXI LTD                                                                     | Madison Park Fundng Ltd.                                               | CUSIP: 55820JBJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006167.00   | 0.28%             | 2032-10-15      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Home Depot Inc.                                                                                  | Home Depot Inc./The                                                    | CUSIP: 437076CT7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $906707.25    | 0.26%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    948178 | PA      | $961803.24    | 0.27%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENCINA EQUIP FIN LLC 2022-1                                                                      | Encina Equipment Finance LLC                                           | CUSIP: 29252VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996394.80    | 0.28%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FJS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    982718 | PA      | $956992.87    | 0.27%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | Goldman Sachs Group Inc/The                                            | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991360.80    | 0.28%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | Citigroup Inc                                                          | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013454.00   | 0.57%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | Carnival Corp.                                                         | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2000000 | PA      | $1943750.00   | 0.55%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Berry Global Inc                                                                                 | Berry Global, Inc.                                                     | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1573655.12   | 0.45%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Molson Coors Beverage Company                                                                    | Molson Coors Beverage Co.                                              | CUSIP: 60871RAH3<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $793383.88    | 0.22%             | 2046-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                        | Federal Farm Credit Banks Funding Corp                                 | CUSIP: 3133ERYX3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1960795.60   | 0.56%             | 2044-10-28      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Nationwide Mutual Insurance Co.                                                                  | Nationwide Mutual Insurance Co.                                        | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $767687.47    | 0.22%             | 2050-04-30      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                               | Nexstar Media Inc                                                      | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498026.30   | 0.42%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2024-1                                                              | Dell Equipment Finance Trust                                           | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254143.55    | 0.07%             | 2030-09-23      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                            | Lowe's Cos, Inc.                                                       | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $956742.67    | 0.27%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                 | Burlington Northern Santa Fe LLC                                       | CUSIP: 12189LBK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $934553.61    | 0.26%             | 2054-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DP5B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    837441 | PA      | $839196.11    | 0.24%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                                          | JBS USA LUX SA/JBS USA Food Co./ JBS USA Finance, Inc.                 | CUSIP: 46590XAM8<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $233063.45    | 0.07%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DS6R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    935819 | PA      | $932211.16    | 0.26%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPMorgan Chase & Co.                                                   | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047673.00   | 0.30%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                                                                | Land O' Lakes, Inc.                                                    | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $861190.00    | 0.24%             | N/A             | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Target Corp.                                                                                     | Target Corp.                                                           | CUSIP: 87612EBS4<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $969593.48    | 0.27%             | 2034-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Leidos Inc                                                                                       | Leidos, Inc.                                                           | CUSIP: 52532XAJ4<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038188.65   | 0.29%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                                                                | Bemis Co., Inc.                                                        | CUSIP: 081437AT2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    500000 | PA      | $454011.76    | 0.13%             | 2030-06-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | Union Pacific Corp.                                                    | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $630996.71    | 0.18%             | 2052-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                               | State Street Corp                                                      | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2037166.00   | 0.58%             | 2080-09-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418E3D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1574304 | PA      | $1598013.18   | 0.45%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SPDR Series Trust                                                                                | SPDR Bloomberg Barclays Convertible Securities ETF                     | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     34000 | NS      | $2887280.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                    | CCO Holdings LLC/CCO Holdings Capital Corp.                            | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981946.13    | 0.28%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DPSX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    862534 | PA      | $844012.53    | 0.24%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MGM Resorts International                                                                        | MGM Resorts International                                              | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996817.50    | 0.28%             | 2026-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QM6G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    833909 | PA      | $714605.51    | 0.20%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $836766.81    | 0.24%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                        | Toronto-Dominion Bank/The                                              | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039311.00   | 0.29%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWJ46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2616607 | PA      | $2607328.49   | 0.74%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                                               | Ford Motor Co.                                                         | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    500000 | PA      | $423829.12    | 0.12%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                                              | Exeter Automobile Receivables Trust                                    | CUSIP: 30166AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $981555.00    | 0.28%             | 2028-12-15      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2022-1 LTD                                                                     | Palmer Square CLO Ltd.                                                 | CUSIP: 69689QAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006006.00   | 0.28%             | 2035-04-20      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B0RQ4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $998633.82    | 0.28%             | 2037-04-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Finance LLC                                                                     | Hilton Worldwide Finance LLC                                           | CUSIP: 432891AK5<br>LEI: 549300406TN7EY0NPH20 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999220.60   | 0.57%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                                                                  | Nordea Bank Abp                                                        | CUSIP: 65558RAK5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1000000 | PA      | $994203.70    | 0.28%             | N/A             | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                                            | General Motors Financial Co Inc                                        | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2029004.80   | 0.57%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UniCredit S.p.A.                                                                                 | UniCredit SpA                                                          | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   2000000 | PA      | $2016063.44   | 0.57%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| GE Capital International Funding Company Unlimited Company                                       | GE Capital International Funding Co. Unlimited Co.                     | CUSIP: 36164PFG0<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199065.87    | 0.06%             | 2025-11-15      | Fixed         | 3.37%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | Ford Motor Credit Co LLC                                               | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1984535.32   | 0.56%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    829306 | PA      | $766891.62    | 0.22%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                                | SBL Holdings, Inc.                                                     | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932912.70    | 0.26%             | N/A             | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWL43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    842622 | PA      | $855064.91    | 0.24%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133C3V29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1775635 | PA      | $1740566.98   | 0.49%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tegna Inc                                                                                        | TEGNA Inc                                                              | CUSIP: 87901JAF2<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1089447.34   | 0.31%             | 2026-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWFG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1640755 | PA      | $1605646.46   | 0.45%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KNWE9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2376915 | PA      | $2127708.64   | 0.60%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DMPP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    522884 | PA      | $434848.02    | 0.12%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                                             | United Rentals North America Inc                                       | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1989255.20   | 0.56%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | Broadcom, Inc.                                                         | CUSIP: U1109MAK2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489865.53    | 0.14%             | 2030-11-15      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418ED64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1265482 | PA      | $1085721.21   | 0.31%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                               | Iron Mountain, Inc.                                                    | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983551.82    | 0.28%             | 2030-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418ER85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    805875 | PA      | $803453.71    | 0.23%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                    | Univision Communications, Inc.                                         | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $463080.25    | 0.13%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2025-1                                                              | Pagaya AI Debt Grantor Trust 2025-1                                    | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999915 | PA      | $1003342.73   | 0.28%             | 2032-07-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWGN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    870848 | PA      | $803956.47    | 0.23%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                 | Pacific Gas and Electric Co.                                           | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $378725.85    | 0.11%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corporation                                                               | PPL Electric Utilities Corp.                                           | CUSIP: 69351UBB8<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953413.87    | 0.27%             | 2053-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FF51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1396176 | PA      | $1416656.95   | 0.40%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133AQQL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    752193 | PA      | $645730.45    | 0.18%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | Ford Motor Credit Co., LLC                                             | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1365872.45   | 0.39%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133EMLL4<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $333688.77    | 0.09%             | 2040-12-21      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Triton Container International Limited / TAL International Container Corporation                 | Triton Container International Ltd./ TAL International Container Corp. | CUSIP: 89681LAA0<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $439270.90    | 0.12%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                                                                  | Nordea Bank Abp                                                        | CUSIP: 65559CAD3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1000000 | PA      | $916962.40    | 0.26%             | N/A             | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWMS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    920753 | PA      | $916633.26    | 0.26%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2024-2                                                              | Dell Equipment Finance Trust                                           | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502544.95    | 0.14%             | 2031-02-24      | Fixed         | 5.29%                 | Yes           |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES XIV LLC                                                       | Amur Equipment Finance Receivables XIII LLC                            | CUSIP: 03238BAE3<br>LEI: 254900VBZK8DVZNJFJ70 | Long             | ABS-O            | CORP              | US        |    310000 | PA      | $315169.25    | 0.09%             | 2031-10-20      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | Barclays PLC                                                           | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1132080.00   | 0.32%             | N/A             | Fixed         | 9.44%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas  LLC                                                                       | Duke Energy Carolinas LLC                                              | CUSIP: 26442CBM5<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995283.73    | 0.28%             | N/A             | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KHSB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    285267 | PA      | $257864.89    | 0.07%             | 2050-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                             | Nissan Motor Co. Ltd.                                                  | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $919861.66    | 0.26%             | 2030-09-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EPC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    820558 | PA      | $801814.91    | 0.23%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                 | Burlington Northern Santa Fe LLC                                       | CUSIP: 12189LBJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1664259.42   | 0.47%             | 2053-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | Goldman Sachs Group, Inc./The                                          | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047330.00   | 0.30%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KYXK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    739323 | PA      | $708228.46    | 0.20%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                    | CCO Holdings LLC/CCO Holdings Capital Corp.                            | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $914067.78    | 0.26%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                                           | Intesa Sanpaolo SpA                                                    | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   2000000 | PA      | $2004621.16   | 0.57%             | 2026-01-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DWPH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1948706 | PA      | $1940736.19   | 0.55%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | Wells Fargo & Co.                                                      | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038321.00   | 0.29%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                                         | Duke Energy Progress LLC                                               | CUSIP: 26442UAK0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $587958.10    | 0.17%             | 2050-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                                     | Southern Co./The                                                       | CUSIP: 842587EA1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973903.66    | 0.28%             | 2035-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                                              | Clean Harbors, Inc.                                                    | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1985165.42   | 0.56%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-2 L                                                              | Enterprise Fleet Financing LLC                                         | CUSIP: 29375QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $508166.60    | 0.14%             | 2031-03-20      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWLT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    884648 | PA      | $881237.67    | 0.25%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DQFM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    881080 | PA      | $861815.99    | 0.24%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133ETAZ0<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $997299.24    | 0.28%             | 2040-03-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EN97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    604769 | PA      | $607503.55    | 0.17%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                             | Royal Bank of Canada                                                   | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2084792.00   | 0.59%             | 2084-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS Group AG                                                           | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $898754.20    | 0.25%             | N/A             | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Pacific Lifecorp                                                                                 | Pacific LifeCorp.                                                      | CUSIP: 694476AF9<br>LEI: VFN8KLUEIK7XMVX1JM30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $952661.82    | 0.27%             | 2052-09-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FDC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1758063 | PA      | $1783588.26   | 0.51%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWG80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    861442 | PA      | $842296.03    | 0.24%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                                                               | Crown Americas LLC                                                     | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002778.00   | 0.28%             | 2033-06-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                                               | Coca-Cola Co./The                                                      | CUSIP: 191216DY3<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001696.01   | 0.28%             | 2034-08-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418FC70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    794049 | PA      | $797322.15    | 0.23%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QNQ70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    816545 | PA      | $730934.76    | 0.21%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST 2024-1                                                                     | HPEFS Equipment Trust 2024-1                                           | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1010309.80   | 0.29%             | 2031-12-22      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                      | Global Atlantic Fin. Co.                                               | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979084.06    | 0.28%             | 2051-10-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140MMX52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1296519 | PA      | $1112211.70   | 0.31%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC                                                                        | CARLYLE US CLO 2017-3 Ltd                                              | CUSIP: 14314FBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004254.00   | 0.28%             | 2037-10-21      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2866676 | PA      | $2853179.03   | 0.81%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | Bank Of America Corp.                                                  | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1956981.00   | 0.55%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QQK87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2073449 | PA      | $1916270.29   | 0.54%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140LPPZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1510332 | PA      | $1242233.08   | 0.35%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                             | Credit Agricole SA                                                     | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $947134.90    | 0.27%             | N/A             | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                 | Burlington Northern Santa Fe LLC                                       | CUSIP: 12189LBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977159.49    | 0.28%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DWMZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    886268 | PA      | $899355.46    | 0.25%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Union Electric Company                                                                           | Union Electric Co.                                                     | CUSIP: 906548CU4<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    750000 | PA      | $568429.06    | 0.16%             | 2052-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KH5S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    642129 | PA      | $580379.29    | 0.16%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA                                                                                   | BBVA Bancomer SA/Texas                                                 | CUSIP: P16259AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1931062.80   | 0.55%             | 2033-01-18      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| USQ RAIL II LLC 2021-3                                                                           | USQ Rail LLC                                                           | CUSIP: 90354PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $477704.05    | 0.14%             | 2051-06-28      | Fixed         | 2.98%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2022-1                                                         | GLS Auto Receivables Issuer Trust                                      | CUSIP: 36263XAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $498326.80    | 0.14%             | 2029-05-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG Energy, Inc.                                                       | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984258.65    | 0.28%             | 2029-06-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| MADISON PARK FUNDING LXVII                                                                       | Madison Park Fundng Ltd.                                               | CUSIP: 55821YAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002010.00   | 0.28%             | 2037-04-25      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EL99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    696841 | PA      | $694294.35    | 0.20%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | Barclays PLC                                                           | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1507102.71   | 0.43%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133ELZZ0<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1369471.26   | 0.39%             | 2040-05-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Pepsico Inc                                                                                      | PepsiCo, Inc.                                                          | CUSIP: 713448FZ6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $962703.15    | 0.27%             | 2054-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133WKA89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    488673 | PA      | $474651.45    | 0.13%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd/ American Airlines Inc                                                 | American Airlines Inc/AAdvantage Loyalty IP Ltd                        | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1249641.48   | 0.35%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| McDonald's Corp.                                                                                 | McDonald's Corp.                                                       | CUSIP: 58013MFW9<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $1920521.26   | 0.54%             | 2053-08-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                       | Vmed OC UK Financing PLC                                               | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $926230.10    | 0.26%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                            | Societe Generale SA                                                    | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1104878.00   | 0.31%             | N/A             | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | Citigroup Inc                                                          | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025258.00   | 0.29%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Assurant Inc.                                                                                    | Assurant, Inc.                                                         | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021876.27   | 0.29%             | 2048-03-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133CMUT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1193728 | PA      | $1213433.64   | 0.34%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | United Airlines Pass Through Trust                                     | CUSIP: 90932DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    623623 | PA      | $581911.68    | 0.16%             | 2030-04-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                                                           | Juniper Networks, Inc.                                                 | CUSIP: 48203RAD6<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695629.30    | 0.20%             | 2041-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EZL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1760563 | PA      | $1754319.82   | 0.50%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B5WZ7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $998725.21    | 0.28%             | 2040-04-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE 31 CLO LTD                                                                               | Venture CLO Ltd.                                                       | CUSIP: 92331VAG3<br>LEI: 549300WIVX6V4NHW6X79 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751824.75    | 0.21%             | 2031-04-20      | Floating      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS 2024-3                                                                    | Hilton Grand Vacations Trust 2024-3                                    | CUSIP: 43283NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    753613 | PA      | $757407.96    | 0.21%             | 2040-08-27      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Air Canada                                                                                       | Air Canada                                                             | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $990094.50    | 0.28%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO VIII-R Ltd/Llc                                                                   | Sond Point CLO Ltd.                                                    | CUSIP: 83607HAN5<br>LEI: 549300RPMX5HA435Q562 | Long             | ABS-CBDO         | CORP              | KY        |    612276 | PA      | $612431.36    | 0.17%             | 2030-04-15      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | Broadcom, Inc.                                                         | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $855775.19    | 0.24%             | 2033-02-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| CSX Corporation                                                                                  | CSX Corp.                                                              | CUSIP: 126408GU1<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992931.53    | 0.28%             | 2041-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | Broadcom, Inc.                                                         | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979731.05    | 0.28%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2024-1                                                               | Post Road Equipment Finance 2024-1 LLC                                 | CUSIP: 737473AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $161270.72    | 0.05%             | 2030-10-15      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2022-2                                                                  | Octane Receivables Trust                                               | CUSIP: 67578XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1029186.50   | 0.29%             | 2030-02-20      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                                                              | Macquarie Bank Ltd.                                                    | CUSIP: 556079AC5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $941132.29    | 0.27%             | 2030-06-03      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST 2024-A                                                            | Mariner Finance Issuance Trust 2024-A                                  | CUSIP: 567928AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2017864.40   | 0.57%             | 2036-09-22      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B5MX3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1000964.76   | 0.28%             | 2036-03-27      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418FD46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    763282 | PA      | $780366.05    | 0.22%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING LLC 2024-A                                                                          | NMEF Funding 2024-A LLC                                                | CUSIP: 62919UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002968.60   | 0.28%             | 2031-12-15      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                                                                      | Humana, Inc.                                                           | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020352.37   | 0.29%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | American Express Co.                                                   | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979882.30    | 0.28%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                                                            | Western Digital Corp                                                   | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    218000 | PA      | $217504.68    | 0.06%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                                                           | Juniper Networks, Inc.                                                 | CUSIP: 48203RAP9<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    500000 | PA      | $433432.60    | 0.12%             | 2030-12-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                                    | Dell International LLC / EMC Corp.                                     | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $966656.31    | 0.27%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1894022 | PA      | $1885548.81   | 0.53%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140KTG82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    820054 | PA      | $674396.07    | 0.19%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133LPV79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    515600 | PA      | $522723.72    | 0.15%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                             | NCL Corp. Ltd.                                                         | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1505381.57   | 0.43%             | 2027-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                                       | Constellation Brands, Inc.                                             | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    500000 | PA      | $433566.23    | 0.12%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                              | Citadel Finance LLC                                                    | CUSIP: 17287HAA8<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1976801.66   | 0.56%             | 2026-03-09      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                              | Huntington Conservative Deposit Account                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  20869587 | PA      | $20869586.90  | 5.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Federal Home Loan Mortgage Corp.                                       | CUSIP: 3134GWDU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1500000 | PA      | $1144377.77   | 0.32%             | 2035-07-27      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | Freddie Mac Pool                                                       | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1879383 | PA      | $1870974.61   | 0.53%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                         | Lloyds Banking Group PLC                                               | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1070526.00   | 0.30%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BWX Technologies Inc.                                                                            | BWX Technologies Inc                                                   | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968667.20    | 0.27%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXV LTD                                                              | Benefit Street Partners CLO XXV Ltd                                    | CUSIP: 08186YAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $997499.00    | 0.28%             | 2035-01-15      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                                | Bank of New York Mellon Corp./The                                      | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988640.00    | 0.28%             | N/A             | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWMB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    865869 | PA      | $878440.73    | 0.25%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2023-3                                                                  | Octane Receivables Trust                                               | CUSIP: 67571CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014489.80   | 0.29%             | 2029-07-20      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                                                          | Massachusetts Mutual Life Insurance Co.                                | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $675284.09    | 0.19%             | 2050-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DWG72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    863521 | PA      | $820798.16    | 0.23%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | Union Pacific Corp.                                                    | CUSIP: 907818FT0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $760912.28    | 0.22%             | 2041-05-20      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | Wells Fargo & Co                                                       | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1066953.00   | 0.30%             | N/A             | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO 2019-2 Ltd.                                                                   | Rockford Tower CLO 2019-2 Ltd.                                         | CUSIP: 77341GAW0<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001654.00   | 0.28%             | 2032-08-20      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | Federal Home Loan Banks                                                | CUSIP: 3130B3NM1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $987302.16    | 0.28%             | 2044-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                                                  | Home Depot Inc./The                                                    | CUSIP: 437076DF6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953361.93    | 0.27%             | 2054-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                        | Toronto-Dominion Bank/The                                              | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1056588.00   | 0.30%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | Fannie Mae Pool                                                        | CUSIP: 31418FHY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1925057 | PA      | $1915993.41   | 0.54%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nustar Logistics, L.P.                                                                           | NuStar Logistics LP                                                    | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011547.38   | 0.57%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES PASS THROUGH TRUST                                                             | American Airlines Pass Through Trust 2021-1                            | CUSIP: 02376LAA3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $693402.18    | 0.20%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | United States Treasury Note                                            | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3089062.50   | 0.87%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                            | Royal Caribbean Cruises Ltd.                                           | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1000000 | PA      | $1003965.00   | 0.28%             | 2026-08-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140LPN81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    523855 | PA      | $430849.26    | 0.12%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | Oracle Corp.                                                           | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $961225.64    | 0.27%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                                   | BNP Paribas SA                                                         | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2144940.00   | 0.61%             | N/A             | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QENZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    831238 | PA      | $696703.94    | 0.20%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | UMBS Freddie Mac Pool                                                  | CUSIP: 3133BSZQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    802202 | PA      | $800989.99    | 0.23%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $795216.22    | 0.23%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                                                                             | Chart Industries Inc                                                   | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524390.50    | 0.15%             | 2030-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** American Pension Investors Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller