# EDGAR Filing Document

**Accession Number:** 0001060517
**File Stem:** 0001410368-26-034026
**Filing Date:** 2026-3
**Character Count:** 111888
**Document Hash:** 2fc93606c27f2b2a858174d710cb83e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-034026.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001410368-26-034026

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBS Series Funds
- **CENTRAL INDEX KEY:** 0001060517

**ORGANIZATION NAME:**
- **EIN:** 134010447
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08767
- **FILM NUMBER:** 26813527

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC
- **STREET 2:** 1285 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-821-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC
- **STREET 2:** 1285 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UBS MONEY SERIES
- **DATE OF NAME CHANGE:** 20020716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRINSON MONEY SERIES
- **DATE OF NAME CHANGE:** 20010625

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MITCHELL HUTCHINS LIR MONEY SERIES
- **DATE OF NAME CHANGE:** 19990730

## Series and Classes Contracts Data

### UBS Ultra Short Income Fund (Series ID: S000061955)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000200717 | Class A      | USIAX           |
| C000200718 | Class P      | USIPX           |
| C000200719 | Class I      | USDIX           |

## Nport-Ex

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Asset-backed securities — 15.3%** | **Asset-backed securities — 15.3%** | **Asset-backed securities — 15.3%** |
|  BMW Vehicle Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.440%, due 12/26/28 | $320717 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320632 |
|  CarMax Auto Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-4, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.490%, due 07/17/28 | 660000 | 674087 |
|  CCG Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.280%, due 04/14/32<sup>1</sup> | 150070 | 151771 |
|  Chesapeake Funding II LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, due 05/15/35<sup>1</sup> | 113169 | 113691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.160%, due 10/15/35<sup>1</sup> | 1327715 | 1341653 |
|  CNH Equipment Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.030%, due 03/15/29 | 1000000 | 994108 |
|  Daimler Trucks Retail Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, due 03/15/27 | 434889 | 436702 |
|  Dell Equipment Finance Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, due 01/22/29<sup>1</sup> | 121301 | 121652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.930%, due 04/23/29<sup>1</sup> | 350396 | 352086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.730%, due 03/22/30<sup>1</sup> | 510000 | 517417 |
|  DLLAA LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.640%, due 02/22/28<sup>1</sup> | 1085548 | 1096995 |
|  DLLAD LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.460%, due 11/20/28<sup>1</sup> | 1175000 | 1181606 |
|  DLLST LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, due 08/20/27<sup>1</sup> | 623945 | 626594 |
|  Enterprise Fleet Financing LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.420%, due 10/22/29<sup>1</sup> | 1382000 | 1394793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 04/22/30<sup>1</sup> | 594000 | 603379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, due 04/20/28<sup>1</sup> | 1200000 | 1206415 |
|  Ford Credit Auto Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.910%, due 05/15/34<sup>1</sup> | 3250000 | 3192081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, due 12/15/29 | 1935000 | 1936981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-D, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.980%, due 06/15/28 | 1025000 | 1035759 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Asset-backed securities — (continued)** |  |  |
|  GM Financial Consumer Automobile Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, due 10/16/28 | $1000000 | $&nbsp;&nbsp;&nbsp;&nbsp;1009438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.030%, due 09/18/28 | 3055000 | 3083863 |
|  GM Financial Revolving Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.170%, due 06/12/34<sup>1</sup> | 4000000 | 3934115 |
|  GMF Floorplan Owner Revolving Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.920%, due 11/15/28<sup>1</sup> | 5350000 | 5382162 |
|  GreatAmerica Leasing Receivables Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, due 07/16/29<sup>1</sup> | 3604000 | 3626597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.080%, due 09/15/26<sup>1</sup> | 24445 | 24464 |
|  Hyundai Auto Lease Securitization Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.070%, due 02/15/28<sup>1</sup> | 3250000 | 3262370 |
|  Hyundai Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.660%, due 06/15/28 | 3140000 | 3131367 |
|  Mercedes-Benz Auto Lease Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.320%, due 02/15/30 | 280000 | 284418 |
|  Mercedes-Benz Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, due 11/15/28 | 936827 | 948828 |
|  MMAF Equipment Finance LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, due 01/13/28<sup>1</sup> | 428870 | 428332 |
|  SBNA Auto Lease Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, due 12/20/28<sup>1</sup> | 700000 | 708175 |
|  Stellantis Financial Underwritten Enhanced Lease Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-AA, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.630%, due 07/20/27<sup>1</sup> | 1961872 | 1969629 |
|  Synchrony Card Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A1, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.540%, due 07/15/29 | 1000000 | 1007098 |
|  Toyota Auto Receivables Owner Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.770%, due 02/15/28 | 900000 | 899646 |
|  Verizon Master Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A1A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.340%, due 04/22/30 | 35000 | 35636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-8, Class A1A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.620%, due 11/20/30 | 500000 | 506794 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Face**<br>**amount** | **Face**<br>**amount** | **Value** | **Value** |
|  **Asset-backed securities — (concluded)** |  |  |  |  |
|  Volvo Financial Equipment LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.290%, due 10/16/28<sup>1</sup> | $| 670000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673290 |
|  **Total asset-backed securities**<br> (cost — $48,134,375) |  |  |  | **48214624** |
|  **Commercial paper — 10.9%** |  |  |  |  |
|  **Auto manufacturers — 4.1%** |  |  |  |  |
|  General Motors Financial Co., Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 02/02/26<sup>1</sup> |  | 13000000 |  | 12998646 |
|  **Banking-non-U.S. — 4.9%** |  |  |  |  |
|  DBS Bank Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.780%, due 04/08/26<sup>1</sup> |  | 3000000 |  | 2979210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, due 03/05/26<sup>1</sup> |  | 3000000 |  | 2989867 |
|  DZ Bank AG Deutsche Zentral-Genossenschaftsbank |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.610%, due 02/02/26<sup>1</sup> |  | 6500000 |  | 6499348 |
|  Sumitomo Mitsui Trust Bank Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.909%, due 03/26/26<sup>1</sup> |  | 3000000 |  | 2983128 |
|  |  |  |  | 15451553 |
|  **Food products — 1.9%** |  |  |  |  |
|  Mondelez International, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, due 02/09/26<sup>1</sup> |  | 3000000 |  | 2997400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.970%, due 02/04/26<sup>1</sup> |  | 3000000 |  | 2999008 |
|  |  |  |  | 5996408 |
|  **Total commercial paper**<br> (cost — $34,446,607) |  |  |  | **34446607** |
|  **Corporate bonds — 73.0%** |  |  |  |  |
|  **Aerospace & defense — 1.9%** |  |  |  |  |
|  RTX Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, due 05/04/27 |  | 1500000 |  | 1485755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 02/27/26 |  | 4500000 |  | 4500996 |
|  |  |  |  | 5986751 |
|  **Auto manufacturers — 3.4%** | **Auto manufacturers — 3.4%** | **Auto manufacturers — 3.4%** | **Auto manufacturers — 3.4%** | **Auto manufacturers — 3.4%** |
|  American Honda Finance Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.720%, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.369%, due 10/22/27<sup>2</sup> |  | 2500000 |  | 2510105 |
|  BMW U.S. Capital LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.800%, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.614%, due 08/13/26<sup>1,2</sup> |  | 1634000 |  | 1638933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, due 03/19/27<sup>1</sup> |  | 2000000 |  | 2015706 |
|  Mercedes-Benz Finance North America LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, due 08/03/26<sup>1</sup> |  | 2000000 |  | 2013553 |
|  Toyota Motor Credit Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.650%, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.340%, due 03/19/27<sup>2</sup> |  | 2500000 |  | 2510556 |
|  |  |  |  | 10688853 |
|  **Banks — 46.3%** |  |  |  |  |
|  ABN AMRO Bank NV |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.750%, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.403%, due 07/07/28<sup>1,2</sup> |  | 1500000 |  | 1506822 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds — (continued)** |  |  |
|  **Banks — (continued)** |  |  |
|  ANZ New Zealand International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.250%, due 06/22/26<sup>1</sup> | $2000000 | $&nbsp;&nbsp;&nbsp;&nbsp;1979724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.610%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.259%, due 01/22/29<sup>1,2</sup> | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;2001836 |
|  Australia & New Zealand Banking Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.560%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.251%, due 03/18/26<sup>1,2</sup> | 3000000 | 3001500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.620%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.311%, due 06/18/28<sup>1,2</sup> | 1000000 | 1004314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.680%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.331%, due 07/16/27<sup>1,2</sup> | 2000000 | 2010428 |
|  Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 1.120%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.766%, due 07/15/28<sup>2</sup> | 1600000 | 1609289 |
|  Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 04/19/26 | 3000000 | 2997610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series FRN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.830%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.481%, due 01/24/29<sup>2</sup> | 2000000 | 2007512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.970%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.620%, due 07/22/27<sup>2</sup> | 1500000 | 1503073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 1.050%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.893%, due 02/04/28<sup>2</sup> | 15000 | 15083 |
|  Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.760%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.494%, due 06/04/27<sup>2</sup> | 2000000 | 2009413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, due 06/05/26 | 2250000 | 2261159 |
|  Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.780%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.514%, due 06/04/27<sup>2</sup> | 997000 | 1001560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.890%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.699%, due 02/14/29<sup>2</sup> | 2000000 | 2003502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 02/02/26 | 5000000 | 5000000 |
|  Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.896%, due 07/13/26<sup>1</sup> | 3000000 | 3026834 |
|  BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.203%, due 01/18/27<sup>1</sup> | 3000000 | 3038648 |
|  Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.720%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.370%, due 01/13/28<sup>2</sup> | 1750000 | 1751226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.615%, due 07/17/26 | 2000000 | 2016294 |
|  Capital One NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, due 07/27/26 | 2000000 | 1995765 |
|  Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.712%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.508%, due 11/19/27<sup>2</sup> | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;2003983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.781%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.539%, due 05/29/27<sup>2</sup> | 2000000 | 2009220 |
|  Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, due 10/21/26 | 2000000 | 1991398 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds — (continued)** |  |  |
|  **Banks — (continued)** |  |  |
|  Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.460%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.235%, due 11/27/26<sup>1,2</sup> | $2500000 | $&nbsp;&nbsp;&nbsp;&nbsp;2508336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.640%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.332%, due 03/14/28<sup>1,2</sup> | 2000000 | 2009413 |
|  Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.600%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 01/21/28<sup>2</sup> | 2000000 | 2008446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.710%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.439%, due 03/05/27<sup>2</sup> | 1385000 | 1391986 |
|  Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.870%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.572%, due 03/11/27<sup>1,2</sup> | 1000000 | 1004347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.589%, due 07/05/26<sup>1</sup> | 2500000 | 2517743 |
|  DBS Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.600%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.296%, due 03/21/28<sup>1,2</sup> | 2500000 | 2509125 |
|  Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.550%, due 05/05/27 | 1500000 | 1474092 |
|  Goldman Sachs Bank USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.750%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.541%, due 05/21/27<sup>2</sup> | 2000000 | 2002400 |
|  Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 11/16/26 | 2000000 | 1995116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.710%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.360%, due 01/21/29<sup>2</sup> | 2000000 | 2000044 |
|  HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, due 05/25/26 | 2000000 | 1999860 |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 03/04/29), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.546%, due 03/04/30<sup>2</sup> | 2000000 | 2073792 |
|  HSBC USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.294%, due 03/04/27 | 1750000 | 1776331 |
|  ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 1.560%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.262%, due 09/11/27<sup>2</sup> | 1935000 | 1948224 |
|  JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 1.180%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.969%, due 02/24/28<sup>2</sup> | 2250000 | 2266026 |
|  Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 01/11/27 | 1500000 | 1499135 |
|  Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.740%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.436%, due 06/12/28<sup>1,2</sup> | 1000000 | 1005346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.920%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.602%, due 07/02/27<sup>1,2</sup> | 2500000 | 2518025 |
|  Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.757%, due 09/13/26 | 1500000 | 1490469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, due 03/01/26 | 2000000 | 2000095 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds — (continued)** |  |  |
|  **Banks — (continued)** |  |  |
|  Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.477%, due 04/12/26<sup>1</sup> | $2000000 | $&nbsp;&nbsp;&nbsp;&nbsp;1998215 |
|  Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, due 09/08/26 | 2000000 | 2005561 |
|  Morgan Stanley Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.685%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.336%, due 10/15/27<sup>2</sup> | 2750000 | 2754866 |
|  National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.620%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.322%, due 06/11/27<sup>1,2</sup> | 3000000 | 3011832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.650%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.342%, due 06/13/28<sup>1,2</sup> | 1000000 | 1005213 |
|  National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.770%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.421%, due 01/20/29<sup>2</sup> | 2000000 | 2003100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.900%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.592%, due 03/25/27<sup>2</sup> | 2000000 | 2001363 |
|  NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.900%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.707%, due 05/17/27<sup>1,2</sup> | 2600000 | 2612870 |
|  Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.740%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.430%, due 03/19/27<sup>1,2</sup> | 3000000 | 3011314 |
|  PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, due 07/23/26 | 2000000 | 1989271 |
|  Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.720%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.371%, due 10/18/27<sup>2</sup> | 2500000 | 2507970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.820%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.512%, due 03/27/28<sup>2</sup> | 1500000 | 1504750 |
|  Santander Holdings USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.244%, due 10/05/26 | 3000000 | 2984839 |
|  Skandinaviska Enskilda Banken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.890%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.619%, due 03/05/27<sup>1,2</sup> | 2000000 | 2011343 |
|  Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.050%, due 04/12/26<sup>1</sup> | 2000000 | 2000366 |
|  State Street Bank & Trust Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.460%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.246%, due 11/25/26<sup>2</sup> | 2000000 | 2004200 |
|  Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.632%, due 07/14/26 | 1500000 | 1491949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.880%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.527%, due 01/14/27<sup>2</sup> | 2000000 | 2010532 |
|  Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.740%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.529%, due 05/23/28<sup>1,2</sup> | 1500000 | 1508177 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds — (continued)** |  |  |
|  **Banks — (concluded)** |  |  |
|  Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.730%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.411%, due 04/05/27<sup>2</sup> | $2000000 | $&nbsp;&nbsp;&nbsp;&nbsp;2008596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.568%, due 12/17/26 | 2000000 | 2013655 |
|  Truist Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.770%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.422%, due 07/24/28<sup>2</sup> | 2000000 | 2006100 |
|  U.S. Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.690%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.339%, due 10/22/27<sup>2</sup> | 1750000 | 1751265 |
|  Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 04/22/26 | 2500000 | 2495441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.780%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.432%, due 01/24/28<sup>2</sup> | 1500000 | 1503843 |
|  Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.420%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.071%, due 04/16/26<sup>2</sup> | 1000000 | 1000619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.500%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.224%, due 03/06/28<sup>1,2</sup> | 3000000 | 3004907 |
|  |  | 145946701 |
|  **Biotechnology — 1.6%** |  |  |
|  Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.200%, due 02/21/27 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1474641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, due 08/19/26 | 3500000 | 3475937 |
|  |  | 4950578 |
|  **Building Materials — 0.5%** |  |  |
|  Carrier Global Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.493%, due 02/15/27 | 1750000 | 1725639 |
|  **Computers — 1.1%** |  |  |
|  IBM International Capital Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, due 02/05/26 | 1500000 | 1500102 |
|  International Business Machines Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, due 05/15/26 | 2000000 | 1997262 |
|  |  | 3497364 |
|  **Diversified financial services — 1.3%** |  |  |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, due 01/15/27 | 1500000 | 1528468 |
|  Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 03/09/27 | 1000000 | 998037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, due 02/09/27 | 1500000 | 1501342 |
|  |  | 4027847 |
|  **Electric — 6.1%** |  |  |
|  Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series D, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, due 08/15/26 | 2000000 | 1988342 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds — (continued)** |  |  |
|  **Electric — (concluded)** |  |  |
|  DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, due 10/01/26 | $1750000 | $&nbsp;&nbsp;&nbsp;&nbsp;1737716 |
|  Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.650%, due 09/01/26 | 2500000 | 2482181 |
|  Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.750%, due 03/15/27 | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;1974292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, due 04/15/26 | 1500000 | 1498422 |
|  National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.800%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.629%, due 02/05/27<sup>2</sup> | 2000000 | 2008975 |
|  NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.800%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.643%, due 02/04/28<sup>2,3</sup> | 1500000 | 1508730 |
|  Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, due 07/01/26 | 4000000 | 3992063 |
|  Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, due 12/01/26 | 2000000 | 1990930 |
|  |  | 19181651 |
|  **Insurance — 1.8%** |  |  |
|  Aon North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, due 03/01/27 | 2000000 | 2024238 |
|  Metropolitan Life Global Funding I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.700%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.402%, due 06/11/27<sup>1,2</sup> | 2000000 | 2007711 |
|  New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.880%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.532%, due 04/25/28<sup>1,2</sup> | 1500000 | 1513650 |
|  |  | 5545599 |
|  **Machinery-construction & mining — 0.6%** |  |  |
|  Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.560%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.367%, due 11/15/27<sup>2</sup> | 2000000 | 2010098 |
|  **Machinery-diversified — 1.2%** |  |  |
|  Ingersoll Rand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.197%, due 06/15/27 | 1750000 | 1776996 |
|  John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR + 0.440%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.188%, due 03/06/26<sup>2</sup> | 2000000 | 2000590 |
|  |  | 3777586 |
|  **Oil & gas — 0.6%** |  |  |
|  Chevron USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 day USD SOFR Index + 0.470%, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.248%, due 02/26/28<sup>2</sup> | 2000000 | 2007881 |
|  **Pharmaceuticals — 0.8%** |  |  |
|  AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.200%, due 05/14/26 | 2500000 | 2496104 |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br>**amount** | **Face**<br>**amount** | **Value** |
|  **Corporate bonds — (concluded)** |  |  |  |
|  **Pipelines — 0.9%** |  |  |  |
|  Enterprise Products Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.950%, due 02/15/27 | $| 1500000 | $&nbsp;&nbsp;&nbsp;&nbsp;1501029 |
|  Kinder Morgan, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, due 11/15/26 |  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1474935 |
|  |  |  | 2975964 |
|  **Retail — 0.9%** |  |  |  |
|  Lowe's Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 04/15/26 |  | 3000000 | 2991698 |
|  **Software — 1.3%** |  |  |  |
|  Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.650%, due 03/25/26 |  | 4000000 | 3985849 |
|  **Telecommunications — 1.1%** |  |  |  |
|  AT&T, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.950%, due 07/15/26 |  | 2000000 | 1991025 |
|  Deutsche Telekom International Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.600%, due 01/19/27<sup>1</sup> |  | 1500000 | 1496425 |
|  |  |  | 3487450 |
|  **Transportation — 1.6%** |  |  |  |
|  Canadian Pacific Railway Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, due 12/02/26 |  | 2000000 | 1965119 |
|  CSX Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.600%, due 11/01/26 |  | 1500000 | 1487322 |
|  Norfolk Southern Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.900%, due 06/15/26 |  | 1500000 | 1494613 |
|  |  |  | 4947054 |
|  **Total corporate bonds**<br> (cost — $229,787,291) |  |  | **230230667** |
|  | **Number of**<br>**shares** | **Number of**<br>**shares** |  |
|  **Short-term investments — 0.3%** |  |  |  |
|  **Investment companies — 0.3%** |  |  |  |
|  State Street Institutional U.S. Government Money Market Fund,<br>3.650%<sup>4</sup><br>(cost $1,128,570) |  | 1128570 | 1128570 |
|  **Investment of cash collateral from securities loaned — 0.2%** | **Investment of cash collateral from securities loaned — 0.2%** | **Investment of cash collateral from securities loaned — 0.2%** |  |
|  **Money market funds — 0.2%** |  |  |  |
|  State Street Navigator Securities Lending Government Money Market Portfolio, 3.688%<sup>4</sup><br>(cost — $562,043) |  | 562043 | 562043 |
|  **Total investments — 99.7%**<br> (cost — $314,058,886)<sup>5</sup> |  |  | **314582511** |
|  Other assets in excess of liabilities — 0.3% |  |  | 856008 |
|  **Net assets — 100.0%** |  |  | $**315438519** |

---

------

**UBS Ultra Short Income Fund** 

**Portfolio of investments — January 31, 2026 (unaudited)** 

**Fair valuation summary** 

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments. In the event a Fund holds investments for which fair value is measured using the NAV per share practical expedient (or its equivalent), a separate column will be added to the fair value hierarchy table; this is intended to permit reconciliation to the amounts presented in the Portfolio of investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Unadjusted quoted<br>prices in active<br>market for**<br> **identical investments**<br> **(Level 1)** | **Other significant**<br> **observable inputs**<br> **(Level 2)** | **Unobservable**<br> **inputs**<br> **(Level 3)** | **Total** |
|  **Assets** |  |  |  |  |
|  Asset-backed securities | $— | $48214624 | $— | $48214624 |
|  Commercial paper |  | 34446607 |  | 34446607 |
|  Corporate bonds |  | 230230667 |  | 230230667 |
|  Short-term investments | 1128570 |  |  | 1128570 |
|  Investment of cash collateral from securities loaned | 562043 |  |  | 562043 |
|  **Total** | $**1690613** | $**312891898** | $**—** | $**314582511** |

---

For the period ended January 31, 2026, there were no transfers in or out of Level 3.

**Portfolio footnotes** 

---

| | |
|:---|:---|
| 1 | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $128,848,530, represented 40.8% of the Fund's net assets at period end.  |

---

---

| | |
|:---|:---|
| 2 | Floating or variable rate securities. The rates disclosed are as of January 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.  |

---

3 Security, or portion thereof, was on loan at the period end.

4 Rate shown reflects yield at January 31, 2026.

---

| | |
|:---|:---|
| 5 | Includes $556,320 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $562,043 and non-cash collateral of $0.  |

---

---

| | |
|:---|:---|
| **Portfolio acronyms:** | **Portfolio acronyms:** |
| FRN | Floating Rate Note |
| SOFR | Secured Overnight Financing Rate |

---

------

**UBS Series Funds** 

UBS Ultra Short Income Fund

**Valuation of investments**: The Fund generally calculates its net asset value on days that the New York Stock Exchange ("NYSE") is open. The Fund calculates net asset value separately for each class as of the close of regular trading on the NYSE (generally, 4:00 p.m., Eastern time). The NYSE normally is not open, and the Fund does not price its shares, on most national holidays and Good Friday. To the extent that the Fund's assets are traded in other markets on days when the NYSE is not open, the value of the Fund's assets may be affected on those days. If trading on the NYSE is halted for the day before 4:00 p.m., Eastern time, the Fund's net asset value per share generally will still be calculated as of the close of regular trading on the NYSE. The time at which the Fund calculates its net asset value and until which purchase, sale or exchange orders are accepted may be changed as permitted by the US Securities and Exchange Commission ("SEC").

The Fund calculates its net asset value based on the current market value, where available, for its portfolio investments. The Fund normally obtains market values for its investments from independent pricing sources and broker-dealers. Independent pricing sources may use reported last sale prices, official market closing prices, current market quotations or valuations from computerized "evaluation" systems that derive values based on comparable investments. An evaluation system incorporates parameters such as security quality, maturity and coupon, and/ or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio investments. Investments also may be valued based on appraisals derived from information concerning the investment or similar investments received from recognized dealers in those holdings. Investments traded in the over-the-counter ("OTC") market and listed on The NASDAQ Stock Market, Inc. ("NASDAQ") normally are valued at the NASDAQ Official Closing Price. Other OTC securities are valued at the last bid price on the valuation date available prior to valuation. Investments which are listed on US and foreign stock exchanges normally are valued at the market closing price, the last sale price on the day the securities are valued or, lacking any sales on such day, at the last available bid price. Investments listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. In cases where investments are traded on more than one exchange, the investments are valued on the exchange designated as the primary market by UBS Asset Management (Americas) Inc. If a market value is not readily available from an independent pricing source for a particular investment, that investment is valued at fair value as determined in good faith by or under the direction of the Fund's Board of Trustees (the "Board"). Foreign currency exchange rates are generally determined as of the close of the NYSE.

Certain investments in which the Fund invests may be traded in markets that close before 4:00 p.m., Eastern time. Normally, developments that occur between the close of the foreign markets and 4:00 p.m., Eastern time, will not be reflected in the Fund's net asset value. However, if the Fund determines that such developments are so significant that they will materially affect the value of the Fund's investments, the Fund may adjust the previous closing prices to reflect what is believed to be the fair value of these investments as of 4:00 p.m., Eastern time.

The amortized cost method of valuation, which approximates market value, generally is used to value short-term debt instruments with 60 days or less remaining to maturity, unless the Board determines that this does not represent fair value.

Investments in open-end investment companies are valued at the daily closing net asset value of the respective investment company. Pursuant to the Fund's use of the practical expedient within ASC Topic 820, Fair Value Measurement, investments in investment companies without publicly published prices are also valued at the daily net asset value.

The Board has designated UBS AM as the valuation designee pursuant to Rule 2a-5 under the 1940 Act, and delegated to UBS AM the responsibility for making fair value determinations with respect to portfolio holdings. UBS AM, as the valuation designee, is responsible for periodically assessing any material risks associated with the determination of the fair value of investments; establishing and applying fair value methodologies; testing the appropriateness of fair value methodologies; and overseeing and evaluating third-party pricing services. UBS AM has the Equities, Fixed Income, and Multi-Asset Valuation Committee (the "VC") to assist with its designated responsibilities as valuation designee with respect to the Portfolios' portfolio holdings. The VC is comprised of representatives of management. The VC provides reports to the Board at each quarterly meeting regarding any investments that have been fair valued, valued pursuant to standing instructions approved by the VC, or where non-vendor pricing sources had been used to make fair value determinations when sufficient information exists during the prior quarter. Fair valuation determinations are subject to review at least monthly by the VC during scheduled meetings. Pricing decisions, processes, and controls over fair value determinations are subject to internal and external reviews, including annual internal compliance reviews and periodic internal audit reviews.

------

The types of investments for which such fair value pricing may be necessary include, but are not limited to: foreign investments under some circumstances, securities of an issuer that has entered into a restructuring; investments whose trading has been halted or suspended; fixed income securities that are in default and for which there is no current market value quotation; and investments that are restricted as to transfer or resale. The need to fair value a Fund's portfolio investments may also result from low trading volume in foreign markets or thinly traded domestic investments, and when a security that is subject to a trading limit or collar on the exchange or market on which it is primarily traded reaches the "limit up" or "limit down" price and no trading has taken place at that price. Various factors may be reviewed in order to make a good faith determination of an investment's fair value. These factors include, but are not limited to, fundamental analytical data relating to the investment; the nature and duration of restrictions on disposition of the investment; and the evaluation of forces which influence the market in which the investment is purchased and sold. Valuing investments at fair value involves greater reliance on judgment than valuing investments that have readily available market quotations. Fair value determinations can also involve reliance on quantitative models employed by a fair value pricing service.

US generally accepted accounting principles ("US GAAP") requires disclosure regarding the various inputs that are used in determining the value of the Fund's investments. These inputs are summarized into the three broad levels listed below:

Level 1 — Unadjusted quoted prices in active markets for identical investments.

Level 2 — Other significant observable inputs, including but not limited to, quoted prices for similar investments, interest rates, prepayment speeds and credit risks.

Level 3 — Unobservable inputs inclusive of the Fund's own assumptions in determining the fair value of investments.

A fair value hierarchy table has been included near the end of the Fund's Portfolio of investments.

For more information regarding the Fund's other significant accounting policies, please refer to the Fund's Semiannual report to shareholders dated October 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UBS SERIES FUNDS

- **b. Investment Company Act file number:** 811-08767

- **c. CIK number of Registrant:** 0001060517

- **d. LEI of Registrant:** 54930058UKPXVB81RJ71

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

  - **Street Address 1:** 1285 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 212-821-3000

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

- **a. Name of Series:** UBS Ultra Short Income Fund

- **b. EDGAR series identifier (if any):** S000061955

- **c. LEI of Series:** 549300S6VZYIBES1HD75

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

- **a. Date of fiscal year-end:** 2026-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $322468613.05

**Total Liabilities:** $7923072.27

**Net Assets:** $314545540.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4135.81000000 | **1-Year:** -14451.34000000 | **5-Year:** -2420.58000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200717 | 0.34%                | 0.37%                | 0.33%                |
| Class ID C000200718 | 0.35%                | 0.38%                | 0.34%                |
| Class ID C000200719 | 0.35%                | 0.38%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-245.48                 | $29694.36                                  |
| Month 2  | $-1315.36                | $27380.03                                  |
| Month 3  | $974.11                  | $39045.94                                  |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO BANK NV                                         | ABN AMRO Bank NV                                                            | CUSIP: 00084DBJ8<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1506822.24   | 0.48%             | 2028-07-07      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                 | ANZ New Zealand International Ltd.                                          | CUSIP: 00182EBN8<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |   2000000 | PA      | $1979724.08   | 0.63%             | 2026-06-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                 | ANZ New Zealand International Ltd.                                          | CUSIP: 00182EBW8<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |   2000000 | PA      | $2001836.00   | 0.64%             | 2029-01-22      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                 | AT&T, Inc.                                                                  | CUSIP: 00206RHV7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991025.40   | 0.63%             | 2026-07-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                               | AbbVie, Inc.                                                                | CUSIP: 00287YAY5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2496104.53   | 0.79%             | 2026-05-14      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                     | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1500000 | PA      | $1528468.43   | 0.49%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp.                                                | CUSIP: 02665WFS5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2510105.08   | 0.80%             | 2027-10-22      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                | Amgen, Inc.                                                                 | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3475937.22   | 1.11%             | 2026-08-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                | Amgen, Inc.                                                                 | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1474640.51   | 0.47%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                    | Aon North America, Inc.                                                     | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2024237.92   | 0.64%             | 2027-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                  | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05252ADK4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   3000000 | PA      | $3001500.00   | 0.95%             | 2026-03-18      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                  | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05252ADL2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2010428.00   | 0.64%             | 2027-07-16      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                  | Australia & New Zealand Banking Group Ltd.                                  | CUSIP: 05252ADS7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1004313.85   | 0.32%             | 2028-06-18      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                       | BMW U.S. Capital LLC                                                        | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1634000 | PA      | $1638933.24   | 0.52%             | 2026-08-13      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                       | BMW U.S. Capital LLC                                                        | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2015706.40   | 0.64%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                  | BPCE SA                                                                     | CUSIP: 05571AAT2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3038648.10   | 0.97%             | 2027-01-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                  | BMW Vehicle Owner Trust                                                     | CUSIP: 05602RAE1<br>LEI: 5493002H8OC00FUV1078 | Long             | ABS-O            | CORP              | US        |    320717 | PA      | $320631.70    | 0.10%             | 2028-12-26      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                       | Banco Santander SA                                                          | CUSIP: 05964HBE4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1600000 | PA      | $1609289.10   | 0.51%             | 2028-07-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp.                                                       | CUSIP: 06051GFX2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2997609.93   | 0.95%             | 2026-04-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp.                                                       | CUSIP: 06051GJV2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503073.31   | 0.48%             | 2027-07-22      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp.                                                       | CUSIP: 06051GKH1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15083.40     | 0.00%             | 2028-02-04      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp.                                                       | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2007512.00   | 0.64%             | 2029-01-24      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                         | Bank of Montreal                                                            | CUSIP: 06368L3M6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2009413.46   | 0.64%             | 2027-06-04      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                         | Bank of Montreal                                                            | CUSIP: 06368LNT9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2250000 | PA      | $2261158.61   | 0.72%             | 2026-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                      | Bank of Nova Scotia                                                         | CUSIP: 06417XAN1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5000000.00   | 1.59%             | 2026-02-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                      | Bank of Nova Scotia                                                         | CUSIP: 06418GAG2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    997000 | PA      | $1001560.21   | 0.32%             | 2027-06-04      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                      | Bank of Nova Scotia                                                         | CUSIP: 06418GAR8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2003502.40   | 0.64%             | 2029-02-14      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                   | Banque Federative du Credit Mutuel SA                                       | CUSIP: 06675FBA4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3026833.53   | 0.96%             | 2026-07-13      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                    | CCG Receivables Trust                                                       | CUSIP: 12511QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150070 | PA      | $151770.80    | 0.05%             | 2032-04-14      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                                 | CSX Corp.                                                                   | CUSIP: 126408HE6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1487321.76   | 0.47%             | 2026-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                      | CNH Equipment Trust                                                         | CUSIP: 12660DAD9<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $994107.60    | 0.32%             | 2029-03-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                   | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607LSL8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2016293.90   | 0.64%             | 2026-07-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                   | Canadian Imperial Bank of Commerce                                          | CUSIP: 13607PVR2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1751225.67   | 0.56%             | 2028-01-13      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                 | Canadian Pacific Railway Co.                                                | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1965118.62   | 0.62%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                 | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998037.05    | 0.32%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                  | CarMax Auto Owner Trust                                                     | CUSIP: 14318UAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660000 | PA      | $674086.78    | 0.21%             | 2028-07-17      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                      | Carrier Global Corp.                                                        | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1725638.85   | 0.55%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                 | Caterpillar Financial Services Corp.                                        | CUSIP: 14913UAT7<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2010097.80   | 0.64%             | 2027-11-15      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                | Chesapeake Funding II LLC                                                   | CUSIP: 165183CU6<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    113169 | PA      | $113690.94    | 0.04%             | 2035-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                | Chesapeake Funding II LLC                                                   | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1327715 | PA      | $1341652.64   | 0.43%             | 2035-10-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                          | Chevron USA, Inc.                                                           | CUSIP: 166756BC9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2007880.76   | 0.64%             | 2028-02-26      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup, Inc.                                                             | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991398.40   | 0.63%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                                                 | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2003982.78   | 0.64%             | 2027-11-19      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                                                 | CUSIP: 17325FBQ0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2009219.72   | 0.64%             | 2027-05-29      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                   | Commonwealth Bank of Australia                                              | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   2500000 | PA      | $2508336.43   | 0.80%             | 2026-11-27      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                   | Commonwealth Bank of Australia                                              | CUSIP: 2027A0KW8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2009413.48   | 0.64%             | 2028-03-14      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                  | Cooperatieve Rabobank UA                                                    | CUSIP: 21688ABE1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1385000 | PA      | $1391985.64   | 0.44%             | 2027-03-05      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                  | Cooperatieve Rabobank UA                                                    | CUSIP: 21688ABL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   2000000 | PA      | $2008446.42   | 0.64%             | 2028-01-21      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                       | Credit Agricole SA                                                          | CUSIP: 22534PAE3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2517743.38   | 0.80%             | 2026-07-05      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                       | Credit Agricole SA                                                          | CUSIP: 22534PAJ2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1004347.34   | 0.32%             | 2027-03-11      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                                                | DLLAA LLC                                                                   | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1085548 | PA      | $1096995.12   | 0.35%             | 2028-02-22      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| DBS BANK LTD                                             | DBS Bank Ltd.                                                               | CUSIP: 23305EC50<br>LEI: ATUEL7OJR5057F2PV266 | Long             | STIV             | CORP              | SG        |   3000000 | PA      | $2989866.67   | 0.95%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DBS BANK LTD                                             | DBS Bank Ltd.                                                               | CUSIP: 23305ED83<br>LEI: ATUEL7OJR5057F2PV266 | Long             | STIV             | CORP              | SG        |   3000000 | PA      | $2979210.00   | 0.95%             | 2026-04-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                            | DTE Energy Co.                                                              | CUSIP: 233331AY3<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1737716.24   | 0.55%             | 2026-10-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| DLLST LLC                                                | DLLST LLC                                                                   | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    623945 | PA      | $626594.22    | 0.20%             | 2027-08-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                                                | DLLAD LLC                                                                   | CUSIP: 23347BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1175000 | PA      | $1181605.97   | 0.38%             | 2028-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust                              | Daimler Trucks Retail Trust                                                 | CUSIP: 233868AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    434889 | PA      | $436702.28    | 0.14%             | 2027-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                   | DBS Group Holdings Ltd.                                                     | CUSIP: 24023KAM0<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |   2500000 | PA      | $2509125.00   | 0.80%             | 2028-03-21      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                  | John Deere Capital Corp.                                                    | CUSIP: 24422EXL8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000589.84   | 0.64%             | 2026-03-06      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                             | Dell Equipment Finance Trust                                                | CUSIP: 24702EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350396 | PA      | $352085.82    | 0.11%             | 2029-04-23      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                             | Dell Equipment Finance Trust                                                | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    510000 | PA      | $517417.08    | 0.16%             | 2030-03-22      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                             | Dell Equipment Finance Trust                                                | CUSIP: 24703GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121301 | PA      | $121651.60    | 0.04%             | 2029-01-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                                 | Deutsche Telekom International Finance BV                                   | CUSIP: 25156PBA0<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1496424.45   | 0.48%             | 2027-01-19      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                           | Capital One NA                                                              | CUSIP: 25466AAJ0<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1995764.80   | 0.63%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                 | Capital One Financial Corp.                                                 | CUSIP: 254709AM0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501341.65   | 0.48%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                      | Dominion Energy, Inc.                                                       | CUSIP: 25746UCK3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988341.74   | 0.63%             | 2026-08-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                         | Duke Energy Corp.                                                           | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2482181.13   | 0.79%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | DZ Bank AG Deutsche Zentral-Genossenschaftsbank                             | CUSIP: 26821MB28<br>LEI: 529900HNOAA1KXQJUQ27 | Long             | STIV             | CORP              | DE        |   6500000 | PA      | $6499348.19   | 2.07%             | 2026-02-02      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                           | Enterprise Fleet Financing LLC                                              | CUSIP: 29375CAC3<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |   1382000 | PA      | $1394792.90   | 0.44%             | 2029-10-22      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                           | Enterprise Fleet Financing LLC                                              | CUSIP: 29375NAC9<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    594000 | PA      | $603379.20    | 0.19%             | 2030-04-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                           | Enterprise Fleet Financing LLC                                              | CUSIP: 29375UAB5<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1206415.08   | 0.38%             | 2028-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                 | Enterprise Products Operating LLC                                           | CUSIP: 29379VBL6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501028.90   | 0.48%             | 2027-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                              | Exelon Corp.                                                                | CUSIP: 30161NAU5<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498421.70   | 0.48%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                              | Exelon Corp.                                                                | CUSIP: 30161NBB6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1974292.04   | 0.63%             | 2027-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                      | Fifth Third Bancorp                                                         | CUSIP: 316773DA5<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1474092.44   | 0.47%             | 2027-05-05      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                 | Ford Credit Auto Owner Trust                                                | CUSIP: 345285AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3192081.10   | 1.01%             | 2034-05-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                             | Ford Credit Auto Owner Trust                                                | CUSIP: 345295AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1025000 | PA      | $1035759.22   | 0.33%             | 2028-06-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                             | Ford Credit Auto Owner Trust                                                | CUSIP: 34534LAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1935000 | PA      | $1936980.47   | 0.62%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| General Motors                                           | GMF Floorplan Owner Revolving Trust                                         | CUSIP: 361886DM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5350000 | PA      | $5382162.06   | 1.71%             | 2028-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust                 | GM Financial Revolving Receivables Trust                                    | CUSIP: 36263HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3934114.80   | 1.25%             | 2034-06-12      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                          | General Motors Financial Co., Inc.                                          | CUSIP: 37046UB26<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12998645.83  | 4.13%             | 2026-02-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr        | GM Financial Consumer Automobile Receivables Trust                          | CUSIP: 38013JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3055000 | PA      | $3083863.03   | 0.98%             | 2028-09-18      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr        | GM Financial Consumer Automobile Receivables Trust                          | CUSIP: 38013JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009438.40   | 0.32%             | 2028-10-16      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                   | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000044.00   | 0.64%             | 2029-01-21      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group, Inc.                                                   | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1995116.40   | 0.63%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                   | Goldman Sachs Bank USA                                                      | CUSIP: 38151LAH3<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002400.00   | 0.64%             | 2027-05-21      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                        | GreatAmerica Leasing Receivables Funding LLC                                | CUSIP: 39154TBW7<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |     24445 | PA      | $24464.31     | 0.01%             | 2026-09-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                        | GreatAmerica Leasing Receivables Funding LLC                                | CUSIP: 39154TBX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3604000 | PA      | $3626597.08   | 1.15%             | 2029-07-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                        | HSBC Holdings PLC                                                           | CUSIP: 404280BB4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1999859.50   | 0.64%             | 2026-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                        | HSBC Holdings PLC                                                           | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2073792.00   | 0.66%             | 2030-03-04      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                             | HSBC USA, Inc.                                                              | CUSIP: 40428HA44<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1776330.99   | 0.56%             | 2027-03-04      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust                                     | CUSIP: 448988AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3262369.83   | 1.04%             | 2028-02-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| IBM INTERNAT CAPITAL                                     | IBM International Capital Pte. Ltd.                                         | CUSIP: 449276AA2<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |   1500000 | PA      | $1500101.48   | 0.48%             | 2026-02-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust                                              | CUSIP: 44935FAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3140000 | PA      | $3131367.20   | 1.00%             | 2028-06-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                             | ING Groep NV                                                                | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1935000 | PA      | $1948223.87   | 0.62%             | 2027-09-11      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                       | Ingersoll Rand, Inc.                                                        | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1776995.92   | 0.56%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                 | International Business Machines Corp.                                       | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997262.30   | 0.63%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co.                                                        | CUSIP: 46647PCY0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2266026.41   | 0.72%             | 2028-02-24      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                        | Kinder Morgan, Inc.                                                         | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1474935.60   | 0.47%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                 | Lloyds Banking Group PLC                                                    | CUSIP: 53944YAD5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1499135.33   | 0.48%             | 2027-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                           | Lowe's Cos., Inc.                                                           | CUSIP: 548661DM6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2991697.98   | 0.95%             | 2026-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                               | MMAF Equipment Finance LLC                                                  | CUSIP: 55317RAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    428870 | PA      | $428332.27    | 0.14%             | 2028-01-13      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                       | Macquarie Bank Ltd.                                                         | CUSIP: 55608PBU7<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   2500000 | PA      | $2518025.00   | 0.80%             | 2027-07-02      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                       | Macquarie Bank Ltd.                                                         | CUSIP: 55608PBY9<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1005345.82   | 0.32%             | 2028-06-12      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST                     | Mercedes-Benz Auto Receivables Trust                                        | CUSIP: 58769FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    936827 | PA      | $948828.14    | 0.30%             | 2028-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                     | Mercedes-Benz Finance North America LLC                                     | CUSIP: 58769JAK3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013553.22   | 0.64%             | 2026-08-03      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                           | Mercedes-Benz Auto Lease Trust                                              | CUSIP: 58770JAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $284418.37    | 0.09%             | 2030-02-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                  | Metropolitan Life Global Funding I                                          | CUSIP: 592179KM6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2007710.66   | 0.64%             | 2027-06-11      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                   | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AD6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $2000095.14   | 0.64%             | 2026-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                   | Mitsubishi UFJ Financial Group, Inc.                                        | CUSIP: 606822AJ3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1500000 | PA      | $1490468.96   | 0.47%             | 2026-09-13      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                   | Mizuho Financial Group, Inc.                                                | CUSIP: 60687YAD1<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $1998214.80   | 0.64%             | 2026-04-12      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                   | Mondelez International, Inc.                                                | CUSIP: 60920WB41<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2999007.50   | 0.95%             | 2026-02-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                   | Mondelez International, Inc.                                                | CUSIP: 60920WB90<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2997400.00   | 0.95%             | 2026-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                   | Morgan Stanley Bank NA                                                      | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2754866.40   | 0.88%             | 2027-10-15      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                           | Morgan Stanley                                                              | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005560.94   | 0.64%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                  | National Australia Bank Ltd.                                                | CUSIP: 632525BQ3<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   3000000 | PA      | $3011832.00   | 0.96%             | 2027-06-11      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                  | National Australia Bank Ltd.                                                | CUSIP: 632525CL3<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1005212.70   | 0.32%             | 2028-06-13      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | National Bank of Canada                                                     | CUSIP: 63307A2Y0<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2001362.88   | 0.64%             | 2027-03-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | National Bank of Canada                                                     | CUSIP: 63307A3L7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2003100.00   | 0.64%             | 2029-01-20      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                 | National Rural Utilities Cooperative Finance Corp.                          | CUSIP: 63743HFQ0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2008975.26   | 0.64%             | 2027-02-05      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                      | NatWest Markets PLC                                                         | CUSIP: 63906YAK4<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   2600000 | PA      | $2612870.00   | 0.83%             | 2027-05-17      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                 | New York Life Global Funding                                                | CUSIP: 64953BBV9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1513650.00   | 0.48%             | 2028-04-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                   | NextEra Energy Capital Holdings, Inc.                                       | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1508730.00   | 0.48%             | 2028-02-04      | Floating      | 4.63%                 | No            |                  2 | On Loan: —       |
| NORDEA BANK ABP                                          | Nordea Bank Abp                                                             | CUSIP: 65558RAF6<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   3000000 | PA      | $3011313.75   | 0.96%             | 2027-03-19      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                    | Norfolk Southern Corp.                                                      | CUSIP: 655844BS6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494613.49   | 0.48%             | 2026-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                              | Oracle Corp.                                                                | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3985849.00   | 1.27%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group, Inc.                                          | CUSIP: 693475AX3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1989270.56   | 0.63%             | 2026-07-23      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                 | RTX Corp.                                                                   | CUSIP: 75513ECQ2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4500996.12   | 1.43%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | Royal Bank of Canada                                                        | CUSIP: 78017DAG3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1504749.62   | 0.48%             | 2028-03-27      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                     | Royal Bank of Canada                                                        | CUSIP: 78017FZR7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2507970.30   | 0.80%             | 2027-10-18      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                             | State Street Institutional U.S. Government Money Market Fund                | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1128570 | NS      | $1128570.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SBNA Auto Lease Trust                                    | SBNA Auto Lease Trust                                                       | CUSIP: 78437VAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $708175.37    | 0.23%             | 2028-12-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                   | Santander Holdings USA, Inc.                                                | CUSIP: 80282KAZ9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2984838.69   | 0.95%             | 2026-10-05      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                                   | Skandinaviska Enskilda Banken AB                                            | CUSIP: 830505BA0<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   2000000 | PA      | $2011342.94   | 0.64%             | 2027-03-05      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                              | Southern Co.                                                                | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3992062.88   | 1.27%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                   | Standard Chartered PLC                                                      | CUSIP: 853254AZ3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2000365.60   | 0.64%             | 2026-04-12      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TR                                   | State Street Bank & Trust Co.                                               | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2004199.70   | 0.64%             | 2026-11-25      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust   | Stellantis Financial Underwritten Enhanced Lease Trust                      | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1961872 | PA      | $1969628.84   | 0.63%             | 2027-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                 | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MAF7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1500000 | PA      | $1491948.62   | 0.47%             | 2026-07-14      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                 | Sumitomo Mitsui Financial Group, Inc.                                       | CUSIP: 86562MCL2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $2010531.78   | 0.64%             | 2027-01-14      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MIT/SINGAPORE                                   | Sumitomo Mitsui Trust Bank Ltd.                                             | CUSIP: 86564XCS1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | STIV             | CORP              | SI        |   3000000 | PA      | $2983128.33   | 0.95%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | Svenska Handelsbanken AB                                                    | CUSIP: 86959LAT0<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1500000 | PA      | $1508176.77   | 0.48%             | 2028-05-23      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                            | Synchrony Card Funding LLC                                                  | CUSIP: 87166PAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007098.10   | 0.32%             | 2029-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                    | Toronto-Dominion Bank                                                       | CUSIP: 89115A2X9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2008595.56   | 0.64%             | 2027-04-05      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                    | Toronto-Dominion Bank                                                       | CUSIP: 89115A3A8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2013654.64   | 0.64%             | 2026-12-17      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                      | Toyota Auto Receivables Owner Trust                                         | CUSIP: 89231CAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $899646.39    | 0.29%             | 2028-02-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp.                                                   | CUSIP: 89236TMA0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2510555.45   | 0.80%             | 2027-03-19      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                              | Truist Bank                                                                 | CUSIP: 89788JAG4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006100.00   | 0.64%             | 2028-07-24      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI                                    | U.S. Bank NA                                                                | CUSIP: 90331HPQ0<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1751265.29   | 0.56%             | 2027-10-22      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                 | RTX Corp.                                                                   | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1485754.73   | 0.47%             | 2027-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                     | Verizon Master Trust                                                        | CUSIP: 92348KCQ4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $35635.81     | 0.01%             | 2030-04-22      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                     | Verizon Master Trust                                                        | CUSIP: 92348KDM2<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506793.85    | 0.16%             | 2030-11-20      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Volvo Financial Equipment LLC                            | Volvo Financial Equipment LLC                                               | CUSIP: 92887QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    670000 | PA      | $673290.04    | 0.21%             | 2028-10-16      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                           | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2495441.20   | 0.79%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co.                                                           | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503843.29   | 0.48%             | 2028-01-24      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                     | Westpac Banking Corp.                                                       | CUSIP: 961214FS7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1000619.00   | 0.32%             | 2026-04-16      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                     | Westpac Banking Corp.                                                       | CUSIP: 9612E0DL8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   3000000 | PA      | $3004907.49   | 0.96%             | 2028-03-06      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                          | Xcel Energy, Inc.                                                           | CUSIP: 98389BAU4<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990930.42   | 0.63%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                             | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |    562042 | NS      | $562042.50    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** UBS SERIES FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer