# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-23-011822
**Filing Date:** 2023-1
**Character Count:** 133419
**Document Hash:** a35016cf0f6a87d828f2551952089295
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-011822.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-011822

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000908695
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 23550872

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Government Securities Fund (Series ID: S000012929)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000034899 | Government Securities Fund Shares               | USGNX           |
| C000159210 | Government Securities Fund Institutional Shares | UIGSX           |
| C000175754 | Government Securities Fund R6 Shares            | URGSX           |
| C000220635 | Government Securities Fund Class A              | UAGNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** USAA Mutual Funds Trust

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Government Securities Fund

- **b. EDGAR series identifier (if any):** S000012929

- **c. LEI of Series:** 549300M4WZNU0BPCZE64

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $951495643.32

**Total Liabilities:** $6892768.30

**Net Assets:** $944602875.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1053.97019423 | **1-Year:** -26573.25197867 | **5-Year:** -70509.01153460 | **10-Year:** -84980.19441624 | **30-Year:** -23684.44690920

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

- **3-Month:** -10.22107635 | **1-Year:** -209.27308506 | **5-Year:** -5249.51848717 | **10-Year:** -463.71848469 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220635 | -2.94%               | -0.85%               | 2.27%                |
| Class ID C000034899 | -3.03%               | -0.72%               | 2.28%                |
| Class ID C000175754 | -3.02%               | -0.70%               | 2.30%                |
| Class ID C000159210 | -2.91%               | -0.82%               | 2.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3495867.69             | $-26370429.07                              |
| Month 2  | $-1206844.20             | $-7659298.60                               |
| Month 3  | $-72417.46               | $19201498.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EAL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    268752 | PA      | $282629.31    | 0.03%             | 2034-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 3136A8RZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    480844 | PA      | $449082.67    | 0.05%             | 2027-09-25      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DTF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    118810 | PA      | $125667.81    | 0.01%             | 2032-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJ3S7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1809164 | PA      | $1684979.54   | 0.18%             | 2048-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A0AV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1002510 | PA      | $1053619.02   | 0.11%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3132H7GE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8634860 | PA      | $8384992.92   | 0.89%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CZV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1064293 | PA      | $952770.35    | 0.10%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36295KW33<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    111938 | PA      | $118651.39    | 0.01%             | 2038-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX UTIL SYS REV                                                                  | CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | CUSIP: 44244CTM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1429824.78   | 0.15%             | 2028-11-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN CORPORATION                                                           | NELNET STUDENT LOAN TRUST 2006 3                   | CUSIP: 64031AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2004474 | PA      | $1798707.43   | 0.19%             | 2041-06-25      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137F2LJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2847932.07   | 0.30%             | 2027-06-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128M9ED0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1574080 | PA      | $1439092.63   | 0.15%             | 2042-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CBP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $13092187.50  | 1.39%             | 2028-02-29      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BHZ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     52913 | PA      | $54118.99     | 0.01%             | 2029-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290SP47<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    235335 | PA      | $243523.78    | 0.03%             | 2033-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ARHC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    794069 | PA      | $778451.78    | 0.08%             | 2040-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201JFG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    145001 | PA      | $150208.07    | 0.02%             | 2032-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                             | SBA                                                | CUSIP: 8316A0A34<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4117666 | PA      | $4379350.59   | 0.46%             | 2032-02-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST                                                                    | SLM STUDENT LOAN TRUST 2013 6                      | CUSIP: 78448CAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2434006 | PA      | $2317851.75   | 0.25%             | 2055-06-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC REMICS                                 | CUSIP: 3137AMFD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    332594 | PA      | $332202.32    | 0.04%             | 2041-10-15      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FAG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     59272 | PA      | $61799.57     | 0.01%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EGU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3617223 | PA      | $3660366.48   | 0.39%             | 2052-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XJSB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4958171 | PA      | $4538437.29   | 0.48%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FBU79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2879000 | PA      | $2737574.25   | 0.29%             | 2027-09-25      | Variable      | 3.19%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                                                  | STATE OF TEXAS                                     | CUSIP: 882723B24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3786812.00   | 0.40%             | 2026-10-01      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290SH87<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    159070 | PA      | $165617.24    | 0.02%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DFR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    976708 | PA      | $903555.62    | 0.10%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140X5CM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2520147 | PA      | $2422632.07   | 0.26%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABILENE TEX                                                                               | CITY OF ABILENE TX                                 | CUSIP: 00344NXG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1596003.01   | 0.17%             | 2026-02-15      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225AT34<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     34388 | PA      | $35142.43     | 0.00%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 912828YD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6370000.00   | 0.67%             | 2026-08-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CUH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1451578 | PA      | $1382166.20   | 0.15%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DEU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    766431 | PA      | $735541.73    | 0.08%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AQYU1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3977921 | PA      | $3991688.07   | 0.42%             | 2040-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | US TREASURY NOTE                                   | CUSIP: 912828XB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4281679.71   | 0.45%             | 2025-05-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1970706 | PA      | $1862631.11   | 0.20%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BQYS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4690502.30   | 0.50%             | 2026-05-25      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 912828YQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6413750.00   | 0.68%             | 2026-10-31      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                             | SMALL BUSINESS ADMINISTRATION POOLS                | CUSIP: 8316A0CY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4454286 | PA      | $4403797.96   | 0.47%             | 2031-09-25      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213EMV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10642 | PA      | $10990.24     | 0.00%             | 2031-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FEUA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4828536 | PA      | $4696427.69   | 0.50%             | 2025-01-25      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208YMB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     22041 | PA      | $22282.19     | 0.00%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A9QJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     61818 | PA      | $61182.23     | 0.01%             | 2024-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213FMS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    154820 | PA      | $162018.13    | 0.02%             | 2033-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CPE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5816955 | PA      | $5421023.89   | 0.57%             | 2047-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XDX43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6065428 | PA      | $5004418.91   | 0.53%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213TDS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     56865 | PA      | $60246.45     | 0.01%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36294SVJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    110832 | PA      | $117097.45    | 0.01%             | 2037-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36203LFJ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       974 | PA      | $974.56       | 0.00%             | 2023-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EF47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11496429 | PA      | $11437056.29  | 1.21%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140XDUA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7318767 | PA      | $6028742.67   | 0.64%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213UBF6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     34225 | PA      | $35913.30     | 0.00%             | 2031-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 912828X70<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4820507.80   | 0.51%             | 2024-04-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJ4R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    513052 | PA      | $493701.92    | 0.05%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200K2A4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    328441 | PA      | $343721.00    | 0.04%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REV                                                                | KANSAS DEVELOPMENT FINANCE AUTHORITY               | CUSIP: 485429Y99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2894853.00   | 0.31%             | 2026-04-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EL98<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    152545 | PA      | $156460.60    | 0.02%             | 2037-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A2MN3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     80070 | PA      | $79337.18     | 0.01%             | 2024-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209E7M8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5602 | PA      | $5663.21      | 0.00%             | 2029-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EA25<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    785853 | PA      | $828569.14    | 0.09%             | 2034-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QNBY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7607129 | PA      | $6763408.19   | 0.72%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140QFP60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8740512 | PA      | $7511782.24   | 0.80%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383RE52<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   5396194 | PA      | $5063523.17   | 0.54%             | 2049-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210FGM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     54851 | PA      | $56010.08     | 0.01%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BSQ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     97774 | PA      | $103372.89    | 0.01%             | 2032-04-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $32950000.00  | 3.49%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FAWS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9274000 | PA      | $8827190.55   | 0.93%             | 2027-07-25      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36296YEC2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1079626 | PA      | $1083361.93   | 0.11%             | 2040-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CV27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1799213 | PA      | $1674031.80   | 0.18%             | 2048-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE | CUSIP: 3137FCLD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4772943.00   | 0.51%             | 2027-11-25      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EDF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1278327 | PA      | $1329177.83   | 0.14%             | 2035-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CU77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2299142 | PA      | $2139177.04   | 0.23%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CIB NY                                                                    | CREDIT AGRICOLE CIB NY                             | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |  38000000 | PA      | $38000000.00  | 4.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A8E74<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    129337 | PA      | $127894.00    | 0.01%             | 2024-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST                                                                              | STATE OF TENNESSEE                                 | CUSIP: 880541G27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1829803.20   | 0.19%             | 2032-11-01      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31307VLU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2012052 | PA      | $1917668.98   | 0.20%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 3136A8ZH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    358496 | PA      | $337963.05    | 0.04%             | 2027-09-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SUNTRUST STUDENT LOAN TRUST                                                               | SUNTRUST STUDENT LOAN TRUST                        | CUSIP: 86800NAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    773634 | PA      | $770724.03    | 0.08%             | 2037-10-28      | Floating      | 4.64%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                  | UNITED STATES TREASURY NOTE                        | CUSIP: 912828XX3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9612109.40   | 1.02%             | 2024-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EEH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    579817 | PA      | $602881.62    | 0.06%             | 2035-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36296CM56<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    360980 | PA      | $378327.49    | 0.04%             | 2038-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BDE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6356 | PA      | $6590.04      | 0.00%             | 2029-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ECS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1908785 | PA      | $1748336.02   | 0.19%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB FACS REV                                                    | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE   | CUSIP: 9281726Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2319710.40   | 0.25%             | 2029-08-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BTUM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $3843115.24   | 0.41%             | 2026-11-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | UNITED STATES TREASURY NOTE                        | CUSIP: 9128283J7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3831093.76   | 0.41%             | 2024-11-30      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D6D8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    322729 | PA      | $331303.78    | 0.04%             | 2034-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CUA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2503411 | PA      | $2333015.97   | 0.25%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $27614062.50  | 2.92%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210QY55<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13889 | PA      | $14073.77     | 0.00%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EH51<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    263618 | PA      | $278153.65    | 0.03%             | 2036-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200N5B3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     49372 | PA      | $51250.62     | 0.01%             | 2034-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MMYH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2303918 | PA      | $2277355.02   | 0.24%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ADAL6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     37648 | PA      | $37235.40     | 0.00%             | 2024-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209K2L1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4898 | PA      | $4925.23      | 0.00%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36292GHZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    499779 | PA      | $522983.58    | 0.06%             | 2035-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY BOND                                  | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4576562.50   | 0.48%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136AX7E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4324281 | PA      | $4107336.43   | 0.43%             | 2027-06-25      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4367187.50   | 0.46%             | 2028-05-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BM7C4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $9649267.20   | 1.02%             | 2025-09-25      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB FACS REV                                                    | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE   | CUSIP: 9281726M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1248805.69   | 0.13%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36295K3J0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    178780 | PA      | $190876.25    | 0.02%             | 2038-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX UTIL SYS REV                                                                  | CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE | CUSIP: 44244CTN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2789055.00   | 0.30%             | 2029-11-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                             | SMALL BUSINESS ADMINISTRATION POOLS                | CUSIP: 83164MWA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1630968 | PA      | $1654451.71   | 0.18%             | 2034-10-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DXC0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    124774 | PA      | $129125.93    | 0.01%             | 2033-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CAJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $10798125.00  | 1.14%             | 2025-08-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4312500.00   | 0.46%             | 2028-08-31      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CAK7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5786484.36   | 0.61%             | 2023-09-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210BVE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    143518 | PA      | $150088.55    | 0.02%             | 2029-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJ4X5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    917034 | PA      | $907099.18    | 0.10%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BBBD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2942749.95   | 0.31%             | 2024-03-25      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36292DV33<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     40654 | PA      | $41867.02     | 0.00%             | 2037-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CAW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4790820.30   | 0.51%             | 2023-11-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DNY3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     26645 | PA      | $28014.78     | 0.00%             | 2031-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36297F2P6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    845174 | PA      | $848148.80    | 0.09%             | 2039-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290RXP3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    239476 | PA      | $249489.25    | 0.03%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620C02F4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    625566 | PA      | $627731.02    | 0.07%             | 2040-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36211EEE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     36831 | PA      | $38601.92     | 0.00%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BLMZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $3840055.20   | 0.41%             | 2025-07-25      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4376562.50   | 0.46%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 9128286T2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9203906.30   | 0.97%             | 2029-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36211FHF5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     47264 | PA      | $48927.28     | 0.01%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WLQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8328939 | PA      | $7542224.35   | 0.80%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36179WQB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  11406505 | PA      | $10322750.45  | 1.09%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DZ88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4200171 | PA      | $3683336.15   | 0.39%             | 2041-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36290UTQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    191105 | PA      | $191766.72    | 0.02%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D4P3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    435705 | PA      | $452038.88    | 0.05%             | 2034-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWE74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4929598 | PA      | $4904141.59   | 0.52%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137B1UG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    429215 | PA      | $429214.90    | 0.05%             | 2023-01-25      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36176DGQ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2120612 | PA      | $2137530.15   | 0.23%             | 2041-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36296DYV4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    120676 | PA      | $126819.19    | 0.01%             | 2038-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225AYM6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     22668 | PA      | $23115.26     | 0.00%             | 2028-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31414U4E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137713 | PA      | $145254.68    | 0.02%             | 2038-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ABILENE TEX                                                                               | CITY OF ABILENE TX                                 | CUSIP: 00344NXH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1093381.98   | 0.12%             | 2027-02-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJRM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1663429 | PA      | $1570075.51   | 0.17%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB SCH AUTH SCH FING                                                         | VIRGINIA ST PUBLIC SCH AUTH LEASE REVENUE          | CUSIP: 92818HRX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2912142.00   | 0.31%             | 2023-08-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities and Community Development Authority   | LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54627RAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1868209.40   | 0.20%             | 2036-02-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 38383PH87<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   4610906 | PA      | $4329830.90   | 0.46%             | 2050-05-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208V5B7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     20687 | PA      | $21219.13     | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179WTY4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  18584666 | PA      | $16322026.71  | 1.73%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2940655 | PA      | $2858948.56   | 0.30%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DLV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    586985 | PA      | $543021.69    | 0.06%             | 2050-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201FBJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     92893 | PA      | $96562.80     | 0.01%             | 2033-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ARYR6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    584630 | PA      | $586653.72    | 0.06%             | 2041-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC REMICS                                 | CUSIP: 31396J4X0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    396361 | PA      | $391055.28    | 0.04%             | 2036-03-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210HKQ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     61118 | PA      | $61886.48     | 0.01%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137B7YY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10030000 | PA      | $9883531.41   | 1.05%             | 2024-01-25      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36207UTD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     39033 | PA      | $39831.31     | 0.00%             | 2027-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJX88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6080339 | PA      | $5673225.37   | 0.60%             | 2046-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128K23Z0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    192325 | PA      | $199692.01    | 0.02%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G2        | CUSIP: 36202DJB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     88974 | PA      | $95715.84     | 0.01%             | 2030-08-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36296TAS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    133908 | PA      | $137272.58    | 0.01%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31371NMF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    144943 | PA      | $150625.03    | 0.02%             | 2037-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DKV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5508360 | PA      | $5286359.96   | 0.56%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MMYF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1777462 | PA      | $1691619.63   | 0.18%             | 2033-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC REMICS                                 | CUSIP: 3137AKFX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    292457 | PA      | $285554.62    | 0.03%             | 2026-09-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11560428 | PA      | $10926446.28  | 1.16%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EF21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  24161022 | PA      | $23489703.03  | 2.49%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36211PBG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     13837 | PA      | $14177.48     | 0.00%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FHPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15000000 | PA      | $14687447.85  | 1.55%             | 2028-07-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137B36J2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2350639 | PA      | $2339259.39   | 0.25%             | 2023-02-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 9128283V0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6738593.75   | 0.71%             | 2025-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $23814453.25  | 2.52%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 31394DFZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    757121 | PA      | $747304.82    | 0.08%             | 2035-04-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                             | SMALL BUSINESS ADMINISTRATION POOLS                | CUSIP: 8316A8BB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3659670 | PA      | $3973422.33   | 0.42%             | 2032-02-25      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D7L9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    354830 | PA      | $378710.12    | 0.04%             | 2034-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138EHRC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    622477 | PA      | $599954.28    | 0.06%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 31288QTW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7604524 | PA      | $7361474.62   | 0.78%             | 2052-08-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORPORATION                                   | MONTANA HIGHER EDUCATION STUDENT ASSISTANCE CORP   | CUSIP: 61205PAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    728898 | PA      | $727306.28    | 0.08%             | 2030-05-20      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                                                  | TEXAS ST                                           | CUSIP: 882724RG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2931015.50   | 0.31%             | 2031-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BHXJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2742421 | PA      | $2643329.11   | 0.28%             | 2025-01-25      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136B2HA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8049000 | PA      | $7692587.14   | 0.81%             | 2028-07-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208PQN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     40413 | PA      | $41059.79     | 0.00%             | 2028-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY TRANSITION BOND COMPANY, LLC                                           | CENTERPOINT ENERGY TRANSITION BOND CO IV LLC       | CUSIP: 15200WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2797387 | PA      | $2722221.47   | 0.29%             | 2025-10-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2572500.00   | 0.27%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136AQHL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1604684 | PA      | $1532769.04   | 0.16%             | 2025-06-25      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  24241175 | PA      | $22911772.94  | 2.43%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                             | SMALL BUSINESS ADMINISTRATION POOLS                | CUSIP: 8316A0CP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4532972 | PA      | $4714408.71   | 0.50%             | 2032-02-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CAT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $17926562.60  | 1.90%             | 2025-10-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3136BNX43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3671233 | PA      | $3234570.31   | 0.34%             | 2032-06-25      | Variable      | 2.68%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418D6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14053394 | PA      | $11576639.90  | 1.23%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ELV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    247896 | PA      | $257973.07    | 0.03%             | 2037-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB FACS REV                                                    | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE   | CUSIP: 9281726N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1319155.93   | 0.14%             | 2027-08-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36295NC88<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    176884 | PA      | $185056.97    | 0.02%             | 2038-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                                                              | STATE OF WISCONSIN                                 | CUSIP: 97705MVS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $745379.00    | 0.08%             | 2033-05-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 31396XJL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    419531 | PA      | $413763.43    | 0.04%             | 2037-08-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST                                                                    | SLM STUDENT LOAN TRUST 2006 4                      | CUSIP: 78442GSL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3043534 | PA      | $2877420.14   | 0.30%             | 2070-01-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DNB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    693719 | PA      | $656354.18    | 0.07%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31412QHM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    717950 | PA      | $699297.41    | 0.07%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36201APG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     39641 | PA      | $40874.27     | 0.00%             | 2032-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BMTW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1344234 | PA      | $1317894.31   | 0.14%             | 2025-01-25      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15592968.75  | 1.65%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202DZZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    142003 | PA      | $148684.15    | 0.02%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3951115 | PA      | $3841366.19   | 0.41%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                             | SMALL BUSINESS ADMINISTRATION                      | CUSIP: 8316A0GG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3940434 | PA      | $3927401.25   | 0.42%             | 2032-09-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208ESD6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    137943 | PA      | $142959.12    | 0.02%             | 2033-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST                                                                | NAVIENT STUDENT LOAN TRUST 2014 1                  | CUSIP: 63938EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1763351 | PA      | $1666768.70   | 0.18%             | 2031-06-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION G1        | CUSIP: 36225BPM4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     28130 | PA      | $29593.29     | 0.00%             | 2031-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209H7H2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9398 | PA      | $9465.57      | 0.00%             | 2028-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210BU45<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    114294 | PA      | $118682.50    | 0.01%             | 2029-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BSRE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4500000 | PA      | $4292088.35   | 0.45%             | 2026-09-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140Q8V51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1771737 | PA      | $1651143.26   | 0.17%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $8554687.50   | 0.91%             | 2031-05-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CBH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24000000 | PA      | $21405000.00  | 2.27%             | 2026-01-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT BUSINESS ECONOMIC DEV & TOURISM GREEN ENERGY MKT SECURITIZATION            | STATE OF HAWAII DEPARTMENT OF BUSINESS ECONOMIC DE | CUSIP: 41980UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165249 | PA      | $154669.07    | 0.02%             | 2031-01-01      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 31307TEP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1848963 | PA      | $1740624.07   | 0.18%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31408BQ27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    271156 | PA      | $275276.71    | 0.03%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36211RXF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6371 | PA      | $6695.61      | 0.00%             | 2030-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208YLG2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     30430 | PA      | $31049.79     | 0.00%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                                                   | OHIO ST TXBL REF SER A                             | CUSIP: 6775223Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2327208.00   | 0.25%             | 2032-08-01      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 3136A86J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    432418 | PA      | $407181.43    | 0.04%             | 2027-10-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MMYC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    941879 | PA      | $896390.73    | 0.09%             | 2033-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136ASC46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1385543 | PA      | $1372237.28   | 0.15%             | 2023-10-25      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FJXR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4866067.80   | 0.52%             | 2025-09-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209YWV6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    116836 | PA      | $121688.08    | 0.01%             | 2031-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140LDGB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1250000 | PA      | $990509.31    | 0.10%             | 2031-09-01      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418AFB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1722364 | PA      | $1624147.39   | 0.17%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36297FWB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1201497 | PA      | $1205726.16   | 0.13%             | 2039-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DT68<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    151434 | PA      | $157808.18    | 0.02%             | 2032-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CAV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $5689687.50   | 0.60%             | 2030-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ARDN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    464627 | PA      | $455489.08    | 0.05%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BQYR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1698474 | PA      | $1644579.73   | 0.17%             | 2025-07-25      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities and Community Development Authority   | LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE | CUSIP: 54627RAM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2841638.40   | 0.30%             | 2033-02-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225A2B5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     78761 | PA      | $80337.19     | 0.01%             | 2028-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS PUB FIN AUTH LEASE REV                                                              | TEXAS PUBLIC FINANCE AUTHORITY                     | CUSIP: 882669BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1778532.00   | 0.19%             | 2026-02-01      | Fixed         | 0.93%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN CORPORATION                                                           | NELNET STUDENT LOAN TRUST                          | CUSIP: 64034EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6688490 | PA      | $5833152.95   | 0.62%             | 2067-10-25      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36296DYX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    365774 | PA      | $389054.65    | 0.04%             | 2038-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MMYG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3603196 | PA      | $3501375.29   | 0.37%             | 2033-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209VLN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2933 | PA      | $2934.31      | 0.00%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136AH2E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    359149 | PA      | $357538.23    | 0.04%             | 2023-07-25      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CDD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9608593.80   | 1.02%             | 2023-10-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202ECP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1544555 | PA      | $1602457.70   | 0.17%             | 2035-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABILENE TEX                                                                               | CITY OF ABILENE TX                                 | CUSIP: 00344NXK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $881070.00    | 0.09%             | 2029-02-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36208RYD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5556 | PA      | $5585.39      | 0.00%             | 2028-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138E4X71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1003254 | PA      | $966433.03    | 0.10%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209Y6A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     48771 | PA      | $50205.41     | 0.01%             | 2031-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 3136A8PM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    348541 | PA      | $328483.33    | 0.03%             | 2027-09-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14110546.95  | 1.49%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418CS39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1123545 | PA      | $1014680.70   | 0.11%             | 2048-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DL90<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     58109 | PA      | $59975.62     | 0.01%             | 2031-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN CORPORATION                                                           | NELNET STUDENT LOAN TRUST                          | CUSIP: 64033TAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2421895 | PA      | $2357907.63   | 0.25%             | 2051-02-27      | Floating      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BRQJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7000000 | PA      | $6567612.38   | 0.70%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36179VFN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   7834188 | PA      | $6905518.31   | 0.73%             | 2050-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | UNITED STATES TREASURY NOTE                        | CUSIP: 912828J27<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3806250.00   | 0.40%             | 2025-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DLT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    494462 | PA      | $441587.56    | 0.05%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREMF MORTGAGE TRUST                                                                      | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FGR31<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12500000 | PA      | $12212360.25  | 1.29%             | 2051-06-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418EJ84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1964583 | PA      | $1988014.67   | 0.21%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BTUL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    396734 | PA      | $390930.97    | 0.04%             | 2026-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DYK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    509271 | PA      | $522348.55    | 0.06%             | 2033-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202EE88<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    671290 | PA      | $688290.00    | 0.07%             | 2035-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140MWG91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6050924 | PA      | $5882798.14   | 0.62%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137FARE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17293629 | PA      | $16817582.97  | 1.78%             | 2024-07-25      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WEPCO ENVIRONMENTAL TRUST FINANCE I, LLC                                                  | WEPCO ENVIRONMENTAL TRUST FINANCE I LLC            | CUSIP: 950739AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4178588 | PA      | $3523162.96   | 0.37%             | 2035-12-15      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3140HHTS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    812432 | PA      | $780995.71    | 0.08%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $22269531.25  | 2.36%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620AMFV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    237846 | PA      | $233168.02    | 0.02%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36210AMQ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10284 | PA      | $10669.25     | 0.00%             | 2028-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJ4Q0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1079310 | PA      | $1005224.05   | 0.11%             | 2048-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 31418DLU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    957381 | PA      | $918796.31    | 0.10%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DJQ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    127204 | PA      | $133858.18    | 0.01%             | 2030-09-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE REMICS                                  | CUSIP: 3136A65K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    841960 | PA      | $795011.69    | 0.08%             | 2027-07-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 312942NF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    450275 | PA      | $438733.02    | 0.05%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36202D4A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    457362 | PA      | $479990.15    | 0.05%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 912828G38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4800976.55   | 0.51%             | 2024-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | UNITED STATES TREASURY NOTE                        | CUSIP: 9128282U3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9558203.10   | 1.01%             | 2024-08-31      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36200MYJ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    869241 | PA      | $903153.56    | 0.10%             | 2033-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36297AZY2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    276631 | PA      | $295743.45    | 0.03%             | 2038-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202E3N7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    119936 | PA      | $118797.87    | 0.01%             | 2024-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DM57<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     39765 | PA      | $41771.92     | 0.00%             | 2031-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213JCT0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6300 | PA      | $6302.28      | 0.00%             | 2031-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DMT5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     29656 | PA      | $32084.09     | 0.00%             | 2031-04-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY BOND                                  | CUSIP: 912810FG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5373437.50   | 0.57%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36225BUT3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     64788 | PA      | $67810.31     | 0.01%             | 2031-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Money Market Obligations Trust: Federated Treasury Obligations Fund; Institutional Shares | FEDERATED HERMES TREASURY OBLIGATIONS              | CUSIP: 60934N500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1370581 | NS      | $1370581.23   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36207KJJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4031 | PA      | $4139.87      | 0.00%             | 2029-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202FMA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    700458 | PA      | $689565.19    | 0.07%             | 2040-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36209Y5K0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      6422 | PA      | $6629.13      | 0.00%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORPORATION             | CUSIP: 3128MJ4J6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3072456 | PA      | $2956578.90   | 0.31%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136AW7J0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3629267 | PA      | $3444893.65   | 0.36%             | 2027-05-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FEDERAL HOME LOAN MORTGAGE CORP                    | CUSIP: 3132DNXE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3472255 | PA      | $3283594.09   | 0.35%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $17439062.60  | 1.85%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CAB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5418281.28   | 0.57%             | 2025-07-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FANNIE MAE ACES                                    | CUSIP: 3136B1XJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2549112 | PA      | $2412939.71   | 0.26%             | 2028-03-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 36225BVH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    363609 | PA      | $382894.60    | 0.04%             | 2032-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620ACZX5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     36245 | PA      | $35872.37     | 0.00%             | 2024-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                     | FEDERAL NATIONAL MORTGAGE ASSOCIATION              | CUSIP: 3138E42Q3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1186634 | PA      | $1118814.64   | 0.12%             | 2042-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                  | U S TREASURY NOTE                                  | CUSIP: 91282CCT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4663867.20   | 0.49%             | 2024-08-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DUJ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    141159 | PA      | $147270.38    | 0.02%             | 2032-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH    | CUSIP: 3137BWWD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4887337 | PA      | $4789423.89   | 0.51%             | 2024-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36213TDC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5393 | PA      | $5567.38      | 0.00%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                  | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 3620A9YX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1356372 | PA      | $1361146.45   | 0.14%             | 2039-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202DXS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    399360 | PA      | $409615.62    | 0.04%             | 2033-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOERNE TEX INDPT SCH DIST                                                                 | BOERNE SCHOOL DISTRICT                             | CUSIP: 097067MV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $505415.95    | 0.05%             | 2032-02-01      | Fixed         | 1.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                | GOVERNMENT NATIONAL MORTGAGE CORPORATION           | CUSIP: 36202D4Q1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    422650 | PA      | $443884.14    | 0.05%             | 2034-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** USAA Mutual Funds Trust

**Signature:** James K. De Vries

**Name of Signer:** James K. De Vries

**Title:** Treasurer