# EDGAR Filing Document

**Accession Number:** 0000764859
**File Stem:** 0001752724-23-074852
**Filing Date:** 2023-3
**Character Count:** 138577
**Document Hash:** bf0d2fcc247b347daffc991c37a85b04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074852.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-074852

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN PENSION INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000764859
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04262
- **FILM NUMBER:** 23783700

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Lynchburg

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 24501

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-01-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $311588670.95

**Total Liabilities:** $351136.70

**Net Assets:** $311237534.25

**Cash Not Reported:** $24741.67

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 497.40662200 | **1-Year:** 5386.24019500 | **5-Year:** 15684.74841500 | **10-Year:** 30546.51247000 | **30-Year:** 27516.08006500

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

- **3-Month:** 271.36222600 | **1-Year:** 5448.87795700 | **5-Year:** 15677.25105600 | **10-Year:** 10677.42766400 | **30-Year:** 5026.95068600

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169022 | 1.57%                | -1.08%               | 2.35%                |
| Class ID C000023135 | 2.51%                | -0.21%               | 3.41%                |
| Class ID C000085545 | 2.64%                | -0.00%               | 3.46%                |
| Class ID C000023136 | -3.37%               | -5.77%               | -2.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-608152.07              | $6939005.83                                |
| Month 2  | $-1118646.84             | $-204768.69                                |
| Month 3  | $-490404.58              | $9647638.39                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                          | JBS USA LUX SA/JBS USA Food Co./ JBS USA Finance, Inc.                 | CUSIP: 46590XAB2<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $972905.00    | 0.31%             | 2030-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                             | Carnival Corp.                                                         | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $791255.00    | 0.25%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2022-2                                       | Exeter Automobile Receivables Trust                                    | CUSIP: 30166QAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $959922.50    | 0.31%             | 2028-07-17      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133ANKU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    905449 | PA      | $794499.70    | 0.26%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXXVIII LTD                                                 | Madison Park Funding Ltd.                                              | CUSIP: 55821KAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $955795.00    | 0.31%             | 2034-07-17      | Floating      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| The Mosaic Company                                                               | Mosic Co./The                                                          | CUSIP: 61945CAD5<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028173.91   | 0.33%             | 2033-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                                                                 | Ball Corp.                                                             | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $821294.76    | 0.26%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                     | Norfolk Southern Corp.                                                 | CUSIP: 655844CP1<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $934422.30    | 0.30%             | 2053-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Jazz Securities Designated Activity Company                                      | Jazz Securities DAC                                                    | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $456835.00    | 0.15%             | 2029-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                 | Canadian Pacific Railway Co.                                           | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $863956.58    | 0.28%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                           | United Airlines, Inc.                                                  | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47526.25     | 0.02%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| WRKCO Inc                                                                        | WRKCo, Inc.                                                            | CUSIP: 92940PAG9<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $211997.50    | 0.07%             | 2033-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                                       | Zion Bancorp. NA                                                       | CUSIP: 989701BD8<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986556.04    | 0.32%             | N/A             | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                              | Exeter Automobile Receivables Trust                                    | CUSIP: 30165XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $896762.00    | 0.29%             | 2028-07-17      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481998.56    | 0.15%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vector Group Ltd                                                                 | Vector Group Ltd.                                                      | CUSIP: 92240MBL1<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $436755.00    | 0.14%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2021-1                                   | United Auto Credit Securitization Trust                                | CUSIP: 90943UAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1899369.60   | 0.61%             | 2026-06-10      | Fixed         | 2.58%                 | Yes           |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133EL3Q5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $673918.63    | 0.22%             | 2040-08-13      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies Clo 2012-4 Ltd/Llc                              | Carlyle Global Market Strategies CLO                                   | CUSIP: 14311UAU2<br>LEI: 5493000C19IMTVUCMB96 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $359106.00    | 0.12%             | 2034-07-20      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| ADT Security Corp.                                                               | ADT Security Corp.                                                     | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891530.00    | 0.29%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Wellfleet CLO 2016-1 LLC                                                         | Wellfleet CLO                                                          | CUSIP: 94949RAW7<br>LEI: 254900N8RLNFSYP97206 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2939877.00   | 0.94%             | 2028-04-20      | Floating      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                              | Fifth Third Bancorp.                                                   | CUSIP: 316773CR9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3975000.00   | 1.28%             | N/A             | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                           | Standard Chartered PLC                                                 | CUSIP: 853254CD0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1717800.00   | 0.55%             | N/A             | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                              | Exeter Automobile Receivables Trust                                    | CUSIP: 30166RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1155000 | PA      | $1057545.72   | 0.34%             | 2028-02-15      | Fixed         | 2.21%                 | Yes           |                  2 | On Loan: No      |
| PAWNEE EQUIPMENT RECEIVABLES LLC                                                 | Pawnee Equipment Receivables LLC                                       | CUSIP: 704102AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    467000 | PA      | $459160.80    | 0.15%             | 2026-01-15      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                          | Federal Home Loan Banks                                                | CUSIP: 3130AJSU4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $667247.12    | 0.21%             | 2040-07-16      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                         | Lloyds Banking Group PLC                                               | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1985500.00   | 0.64%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                     | American Credit Acceptance Receivables Trust                           | CUSIP: 025286AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2755428.30   | 0.89%             | 2027-11-15      | Fixed         | 2.56%                 | Yes           |                  2 | On Loan: No      |
| ING Groep N.V.                                                                   | ING Groep NV                                                           | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $947065.00    | 0.30%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oppenheimer Holdings Inc.                                                        | Oppenheimer Holdings Inc.                                              | CUSIP: 683797AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $493937.50    | 0.16%             | 2025-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metal 2017-1 LTD / Metal 2017-1 USA LLC                                          | METAL 2017-1 LLC                                                       | CUSIP: 59111RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3702368 | PA      | $712705.85    | 0.23%             | 2042-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| US AUTO FUNDING TRUST 2021-1                                                     | US Auto Funding                                                        | CUSIP: 90355EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1075316.51   | 0.35%             | 2026-05-15      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| Berry Global Inc                                                                 | Berry Global, Inc.                                                     | CUSIP: 085770AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983655.00    | 0.32%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HPEFS EQUIPMENT TRUST                                                            | HPEFS Equipment Trust                                                  | CUSIP: 40438FAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995457.30    | 0.32%             | 2030-02-20      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                             | Carnival Corp.                                                         | CUSIP: 143658AF9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006099.21   | 0.32%             | 2023-10-01      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                | SBL Holdings, Inc.                                                     | CUSIP: 78397DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $830176.44    | 0.27%             | N/A             | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Regatta Funding Limited/Corp                                                     | Regatta Funding Ltd.                                                   | CUSIP: 75887NBA6<br>LEI: 2549001NU08X5ZRD6A39 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $958150.00    | 0.31%             | 2034-04-20      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| CONNS RECEIVABLES FUNDING 2022-A LLC                                             | Conn Funding II LP                                                     | CUSIP: 20825YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1283756 | PA      | $1286957.86   | 0.41%             | 2026-12-15      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy Inc                                                              | Dominion Energy Inc.                                                   | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $900000.00    | 0.29%             | N/A             | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GATX Corporation                                                                 | GATX Corp.                                                             | CUSIP: 361448BF9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1852833.18   | 0.60%             | 2030-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Lifecorp                                                                 | Pacific LifeCorp                                                       | CUSIP: 694476AE2<br>LEI: VFN8KLUEIK7XMVX1JM30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $374170.77    | 0.12%             | 2050-09-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                    | CCO Holdings LLC/CCO Holdings Capital Corp.                            | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $813950.00    | 0.26%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group Company                                                   | Performance Food Group, Inc.                                           | CUSIP: 71376LAE0<br>LEI: 549300EUK8GR9IT1YK57 | Long             | DBT              | CORP              | US        |    500000 | PA      | $446820.00    | 0.14%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140QREJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1997887 | PA      | $2011359.65   | 0.65%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wind River 2016-1K CLO Ltd/LLC                                                   | Wind River CLO Ltd.                                                    | CUSIP: 97314DAG3<br>LEI: 5493007RTV1I163M1B07 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $475349.00    | 0.15%             | 2034-10-15      | Floating      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| Kentucky Utilities Company                                                       | Kentucky Utilities Co.                                                 | CUSIP: 491674BM8<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $752929.98    | 0.24%             | 2050-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                       | Air Canada Pass Through Trust                                          | CUSIP: 009089AA1<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | ABS-O            | CORP              | CA        |   1141502 | PA      | $1057623.83   | 0.34%             | 2025-05-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KYV48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    907262 | PA      | $790412.18    | 0.25%             | 2041-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Ltd / Sapphire Aviation Finance I US LLLC            | Sapphire Aviation Finance I Ltd.                                       | CUSIP: 80306AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3150399 | PA      | $414277.48    | 0.13%             | 2040-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                             | Kyndryl Holdings, Inc.                                                 | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $735484.14    | 0.24%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Organon & Co                                                                     | Organon Finance 1 LLC                                                  | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905700.00    | 0.29%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST                                   | Foursight Capital Automobile Receivables Trust                         | CUSIP: 35105JAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $902846.40    | 0.29%             | 2028-05-15      | Fixed         | 3.07%                 | Yes           |                  2 | On Loan: No      |
| Leidos Inc                                                                       | Leidos, Inc.                                                           | CUSIP: 52532XAB1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993797.51    | 0.32%             | 2023-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES PASS THROUGH TRUSTS                                              | United Airlines Pass Through Trust                                     | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    723363 | PA      | $705611.24    | 0.23%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corporation                                                   | SBA Communications Corp.                                               | CUSIP: 78410GAC8<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185004.14    | 0.06%             | 2027-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                             | JPMorgan Chase & Co                                                    | CUSIP: 48128BAG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $942500.00    | 0.30%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Canpack SA And Canpack US LLC                                                    | Canpack SA/Canpack US LLC                                              | CUSIP: 13806CAA0<br>LEI: 259400TS8W5E4ILGVP08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $415790.00    | 0.13%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Wt Holdings Inc                                                                  | WT Holdings, Inc.                                                      | CUSIP: 98258PAC1<br>LEI: 5493003A5MRDVHNV6S26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $800600.00    | 0.26%             | 2028-04-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                           | Credit Suisse Group AG                                                 | CUSIP: 225401AN8<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $705000.00    | 0.23%             | N/A             | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Viatris Inc                                                                      | Viatris, Inc.                                                          | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $731095.36    | 0.23%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Scripps Escrow II Inc                                                            | Scripps Escrow II, Inc.                                                | CUSIP: 81105DAA3<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    500000 | PA      | $418275.97    | 0.13%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Group                                                            | Royal Caribbean Cruises Ltd.                                           | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    500000 | PA      | $434452.50    | 0.14%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom, Inc.                                                         | CUSIP: 11135FBJ9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $765592.34    | 0.25%             | 2041-02-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Company                                               | Southern California Edison Co.                                         | CUSIP: 842400GR8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951652.03    | 0.31%             | 2049-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-1                                   | United Auto Credit Securitization Trust                                | CUSIP: 90944DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $926038.60    | 0.30%             | 2028-11-10      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                           | United Airlines Pass Through Trust                                     | CUSIP: 90933JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    571759 | PA      | $530285.63    | 0.17%             | 2025-10-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2021-4                                                       | DT Auto Owner Trust                                                    | CUSIP: 26253WAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $845466.00    | 0.27%             | 2028-07-17      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                              | Fifth Third Bancorp                                                    | CUSIP: 316773CM0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979647.97    | 0.31%             | 2049-12-31      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $908432.35    | 0.29%             | 2053-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Incorporated                                                       | Iron Mountain, Inc.                                                    | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $904470.00    | 0.29%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corporation                                                     | Truist Financial Corp.                                                 | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1809800.00   | 0.58%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CARNOW AUTO RECEIVABLES TRUST                                                    | CarNow Auto Receivables Trust                                          | CUSIP: 14369GAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $952028.90    | 0.31%             | 2026-02-17      | Fixed         | 3.64%                 | Yes           |                  2 | On Loan: No      |
| UniCredit S.p.A.                                                                 | UniCredit SpA                                                          | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    500000 | PA      | $437922.15    | 0.14%             | 2035-06-30      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Brighthouse Financial Inc.                                                       | Brighthouse Financial, Inc.                                            | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |   2642000 | PA      | $2152631.16   | 0.69%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Agricultural Mortgage Corporation                                        | Federal Agricultural Mortgage Corp.                                    | CUSIP: 3132X0UB5<br>LEI: 549300MS654K78GYF580 | Long             | DBT              | USGA              | US        |    500000 | PA      | $467240.03    | 0.15%             | 2032-06-29      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                       | Constellation Brands, Inc.                                             | CUSIP: 21036PAT5<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    500000 | PA      | $448881.16    | 0.14%             | 2047-05-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                     | Barclays PLC                                                           | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1933690.42   | 0.62%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                                                        | Prosus NV                                                              | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $400707.91    | 0.13%             | 2031-07-13      | Fixed         | 3.06%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3132D6N22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    732901 | PA      | $668408.31    | 0.21%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                                                    | AEP Texas, Inc.                                                        | CUSIP: 00108WAM2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $418232.30    | 0.13%             | 2030-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                            | Banco Bilbao Vizcaya Argentaria SA                                     | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $929357.01    | 0.30%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST                                                | GLS Auto Receivables Issuer Trust                                      | CUSIP: 36258AAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2930261.70   | 0.94%             | 2026-05-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| Voya Financial Inc                                                               | Voya Financial, Inc.                                                   | CUSIP: 45685EAG1<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1992780.00   | 0.64%             | 2053-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50076QAC0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289199.13    | 0.09%             | 2042-06-04      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                                   | BNP Paribas SA                                                         | CUSIP: 05565AHN6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4000000 | PA      | $3960000.00   | 1.27%             | N/A             | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Marriott International, Inc.                                                     | Marriott International, Inc./MD                                        | CUSIP: 571903BH5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $405722.09    | 0.13%             | 2033-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Company                                                | Perrigo Finance Unlimited Co.                                          | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $878810.00    | 0.28%             | 2030-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| YUM Brands Inc                                                                   | Yum! Brands, Inc.                                                      | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $853902.94    | 0.27%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST                                   | Foursight Capital Automobile Receivables Trust                         | CUSIP: 35105WAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1270000 | PA      | $1174162.88   | 0.38%             | 2027-04-15      | Fixed         | 2.98%                 | Yes           |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXV LTD                                              | Benefit Street Partners CLO Ltd.                                       | CUSIP: 08186YAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $954782.00    | 0.31%             | 2035-01-15      | Floating      | 6.94%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                           | Credit Suisse Group AG                                                 | CUSIP: 225401AK4<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   3000000 | PA      | $2460450.00   | 0.79%             | N/A             | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Magallanes Inc.                                                                  | Magallanes, Inc.                                                       | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $831895.63    | 0.27%             | 2052-03-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140LRTN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    920090 | PA      | $807773.35    | 0.26%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DEXT ABS, LLC                                                                    | Dext ABS LLC                                                           | CUSIP: 25216AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339796 | PA      | $335604.68    | 0.11%             | 2027-02-16      | Fixed         | 1.46%                 | Yes           |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES X LLC                                         | Amur Equipment Finance Receivables LLC                                 | CUSIP: 03236VAF8<br>LEI: 549300K5Y88MV8B4M421 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $690167.70    | 0.22%             | 2028-12-20      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC                                                            | TAL Advantage LLC                                                      | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    755000 | PA      | $673786.54    | 0.22%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| LGI Homes Inc                                                                    | LGI Homes, Inc.                                                        | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    500000 | PA      | $405712.50    | 0.13%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ING Groep N.V.                                                                   | ING Groep NV                                                           | CUSIP: 456837AZ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $756191.91    | 0.24%             | N/A             | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2022-1                                       | Exeter Automobile Receivables Trust                                    | CUSIP: 30167JAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1639000.40   | 0.53%             | 2029-10-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| HP Inc                                                                           | HP, Inc.                                                               | CUSIP: 428236BR3<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   2538000 | PA      | $2583635.35   | 0.83%             | 2041-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sbl Holdings LLC                                                                 | SBL Holdings, Inc.                                                     | CUSIP: 78432MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1814431.58   | 0.58%             | 2026-11-13      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Atrium Xii Llc 2015-12R                                                          | Atrium XII                                                             | CUSIP: 04965CAN8<br>LEI: 549300O252OCTN35RH57 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2439737.50   | 0.78%             | 2027-04-22      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| APEX CREDIT CLO 2018 LTD                                                         | Apex Credit CLO Ltd.                                                   | CUSIP: 03755HAG8<br>LEI: 254900YNP6L0KTS2VO90 | Long             | ABS-CBDO         | CORP              | US        |   1190000 | PA      | $1142292.90   | 0.37%             | 2031-04-25      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                                                 | First Investors Auto Owner Trust                                       | CUSIP: 32057JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    840000 | PA      | $768107.93    | 0.25%             | 2027-12-15      | Fixed         | 1.66%                 | Yes           |                  2 | On Loan: No      |
| The Dayton Power and Light Company                                               | Dayton Power & Light Co./The                                           | CUSIP: 240019BV0<br>LEI: 1ELKY8G44MKGCQWG6864 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $830614.60    | 0.27%             | 2049-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Alcoa Nederland Holding B.V.                                                     | Alcoa Nederland Holding BV                                             | CUSIP: 013822AE1<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989800.00    | 0.32%             | 2027-12-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                    | Ford Motor Credit Co., LLC                                             | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932830.00    | 0.30%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ACC TRUST 2022-1                                                                 | ACC Trust                                                              | CUSIP: 00091HAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $959169.00    | 0.31%             | 2025-10-20      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                   | Mexican Government International Bond                                  | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1000000 | PA      | $842861.50    | 0.27%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2022-2                            | Foursight Capital Automobile Receivables Trust                         | CUSIP: 34660DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $992338.20    | 0.32%             | 2028-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Fednat Holding Company                                                           | FedNat Holding Co.                                                     | CUSIP: 31431BAC3<br>LEI: 549300TFR6HALUYTYJ66 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $492000.00    | 0.16%             | 2029-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Radian Group Inc.                                                                | Radian Group, Inc.                                                     | CUSIP: 750236AX9<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2252735.69   | 0.72%             | 2025-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST                                   | Foursight Capital Automobile Receivables Trust                         | CUSIP: 35105UAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $414493.00    | 0.13%             | 2027-10-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Perrigo Finance Unlimited Company                                                | Perrigo Finance Unlimited Co.                                          | CUSIP: 714295AA0<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $746240.00    | 0.24%             | 2044-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| US Airways Group Inc.                                                            | US Airways Pass Through Trust                                          | CUSIP: 90345WAD6<br>LEI: 5493004XNBKB5SFUJI60 | Long             | ABS-O            | CORP              | US        |   1511356 | PA      | $1400242.89   | 0.45%             | 2025-06-03      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Reynolds Group Issuer Llc / Reynolds Group Issuer Inc                            | Reynolds Group Issuer, Inc./ Reynolds Group Issuer LLC                 | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $898900.00    | 0.29%             | 2027-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140K9MZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    273280 | PA      | $262590.39    | 0.08%             | 2035-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140XGSS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1821536 | PA      | $1760304.53   | 0.57%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Discover Financial Services                                                      | Discover Financial Services                                            | CUSIP: 254709AN8<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |   1334000 | PA      | $1178922.50   | 0.38%             | N/A             | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                | Anheuser-Busch Cos LLC/ Anheuser-Busch InBev Worldwide, Inc.           | CUSIP: 03522AAE0<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99206.27     | 0.03%             | 2036-02-01      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXI LTD                                                     | Madison Park Fundng Ltd.                                               | CUSIP: 55820JBJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $965677.00    | 0.31%             | 2032-10-15      | Floating      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| Glencore Funding LLC                                                             | Glencore Funding LLC                                                   | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $417796.67    | 0.13%             | 2031-09-23      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                            | L Brands, Inc.                                                         | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1825285.06   | 0.59%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                            | Westlake Automobile Receivables Trust                                  | CUSIP: 96043JAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $878531.60    | 0.28%             | 2027-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| ENCINA EQUIPMENT FINANCE 2022-1 LLC                                              | Encina Equipment Finance LLC                                           | CUSIP: 29252VAE5<br>LEI: 95980020140005309084 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $979913.70    | 0.31%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Commercial Metals Company                                                        | Commercial Metals Co.                                                  | CUSIP: 201723AP8<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $433386.14    | 0.14%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HILDENE TRUPS SECURITIZATION 2019-2                                              | Hildene TruPS Financials Note Secruitization                           | CUSIP: 43133JAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2985000.00   | 0.96%             | 2039-05-22      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                             | Carnival Corp.                                                         | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2000000 | PA      | $1731100.00   | 0.56%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST                                                | GLS Auto Receivables Issuer Trust                                      | CUSIP: 36261AAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2561526.28   | 0.82%             | 2028-01-18      | Fixed         | 3.14%                 | Yes           |                  2 | On Loan: No      |
| Molson Coors Beverage Company                                                    | Molson Coors Beverage Co.                                              | CUSIP: 60871RAH3<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $839094.72    | 0.27%             | 2046-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Cellular Corporation                                               | United States Cellular Corp.                                           | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2365514.70   | 0.76%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Seaspan Corporation                                                              | Seaspan Corp.                                                          | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |   1000000 | PA      | $761230.00    | 0.24%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Domtar Corp.                                                                     | Domtar Corp.                                                           | CUSIP: 257559AJ3<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $649732.60    | 0.21%             | 2042-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Nationwide Mutual Insurance Co.                                                  | Nationwide Mutual Insurance Co.                                        | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $817289.92    | 0.26%             | 2050-04-30      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Natura Cosmeticos S A                                                            | Natura Cosmeticos SA                                                   | CUSIP: 63883KAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    500000 | PA      | $413294.70    | 0.13%             | 2028-05-03      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE VIII LLC                                                | Triton Container Finance LLC                                           | CUSIP: 89680HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    801667 | PA      | $707394.70    | 0.23%             | 2045-09-20      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                     | Citizens Financial Group, Inc.                                         | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1925800.00   | 0.62%             | N/A             | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                                                | Land O' Lakes, Inc.                                                    | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1780000.00   | 0.57%             | N/A             | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                                                | Bemis Co., Inc.                                                        | CUSIP: 081437AT2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    500000 | PA      | $427031.05    | 0.14%             | 2030-06-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| LOANPAL SOLAR LOAN LTD                                                           | Loanpal Solar Loan Ltd.                                                | CUSIP: 53948QAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956351 | PA      | $689482.25    | 0.22%             | 2048-03-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                       | Liberty Mutual Group, Inc.                                             | CUSIP: 53079EBK9<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    500000 | PA      | $372785.16    | 0.12%             | 2060-05-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Union Pacific Corporation                                                        | Union Pacific Corp.                                                    | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $726464.34    | 0.23%             | 2052-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                       | Liberty Mutual Group, Inc.                                             | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $653073.53    | 0.21%             | 2061-02-01      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Wolverine World Wide, Inc.                                                       | Wolverine World Wide, Inc.                                             | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $807795.00    | 0.26%             | 2029-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N4                                           | Carvana Auto Receivables Trust                                         | CUSIP: 14687HAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1308364.50   | 0.42%             | 2028-09-11      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                                        | SCF Equipment Leasing LLC                                              | CUSIP: 784034AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $968736.70    | 0.31%             | 2026-08-20      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                    | CCO Holdings LLC/CCO Holdings Capital Corp.                            | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935120.00    | 0.30%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Barclays PLC                                                                     | Barclays PLC                                                           | CUSIP: 06738EBA2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $994970.00    | 0.32%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Unigel Luxembourg Sa                                                             | Unigel Luxembourg SA                                                   | CUSIP: 904752AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1011646.37   | 0.33%             | 2026-10-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ZipRecruiter Inc                                                                 | ZipRecruiter, Inc.                                                     | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435647.50    | 0.14%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936782.67    | 0.30%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                              | Bank of Nova Scotia/The                                                | CUSIP: 064159VJ2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $973660.00    | 0.31%             | N/A             | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Ltd                                                  | Textainer Marine Containers Ltd.                                       | CUSIP: 88315LAS7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |   1064000 | PA      | $898932.53    | 0.29%             | 2046-08-20      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                       | Flagship Credit Auto Trust                                             | CUSIP: 33844WAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $944437.62    | 0.30%             | 2028-09-15      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                   | Citigroup, Inc.                                                        | CUSIP: 172967MK4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $916174.90    | 0.29%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                               | Ford Motor Co.                                                         | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    500000 | PA      | $397478.55    | 0.13%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                          | American Airlines, Inc. Pass Through Trust                             | CUSIP: 023770AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775012 | PA      | $768525.36    | 0.25%             | 2023-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                              | Exeter Automobile Receivables Trust                                    | CUSIP: 30166AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $836921.00    | 0.27%             | 2028-12-15      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| Union Pacific Corporation                                                        | Union Pacific Corp.                                                    | CUSIP: 907818FZ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $810001.46    | 0.26%             | 2053-02-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                     | United States Treasury Note                                            | CUSIP: 91282CBC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4529687.50   | 1.46%             | 2025-12-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2022-1 LTD                                                     | Palmer Square CLO Ltd.                                                 | CUSIP: 69689QAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $953137.00    | 0.31%             | 2035-04-20      | Floating      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST                                                | GLS Auto Receeivables Issuer Trust 2021-3                              | CUSIP: 36263LAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $873079.40    | 0.28%             | 2028-10-16      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                     | American Credit Acceptance Receivables Trust                           | CUSIP: 025291AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1852404.00   | 0.60%             | 2027-07-13      | Fixed         | 2.54%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST                                              | Exeter Automobile Receivables Trust                                    | CUSIP: 30165JAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1767774.00   | 0.57%             | 2028-01-17      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| UniCredit S.p.A.                                                                 | UniCredit SpA                                                          | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   2000000 | PA      | $1860598.52   | 0.60%             | 2032-06-19      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                         | Vistra Operations Co. LLC                                              | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $880823.26    | 0.28%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Univision Commmunications Inc.                                                   | Univision Communications, Inc.                                         | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490632.50    | 0.16%             | 2027-06-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Marriott Ownership Resorts Inc                                                   | Marriott Ownership Resorts, Inc.                                       | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $871834.19    | 0.28%             | 2029-06-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                     | American Credit Acceptance Receivable Trust 2019-3                     | CUSIP: 02529NAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $545351.68    | 0.18%             | 2026-05-12      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST                                                            | CCG Receivables Trust                                                  | CUSIP: 12509DAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1281000 | PA      | $1228317.21   | 0.39%             | 2027-12-14      | Fixed         | 2.68%                 | Yes           |                  2 | On Loan: No      |
| GCI FUNDING I LLC                                                                | GCI Funding LLC                                                        | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    842974 | PA      | $739009.84    | 0.24%             | 2046-06-18      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                | SBL Holdings, Inc.                                                     | CUSIP: 78397DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1393000 | PA      | $1070938.40   | 0.34%             | N/A             | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| QVC, Inc.                                                                        | QVC, Inc.                                                              | CUSIP: 747262AY9<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1518600.00   | 0.49%             | 2027-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                       | Flagship Credit Auto Trust                                             | CUSIP: 33846QAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $887914.20    | 0.29%             | 2027-09-15      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| Appalachian Power Company                                                        | Appalachian Power Co.                                                  | CUSIP: 037735CY1<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $800595.26    | 0.26%             | 2050-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                                                 | First Investors Auto Owner Trust                                       | CUSIP: 32058RAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1935072.60   | 0.62%             | 2026-07-15      | Fixed         | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                       | Pilgrim's Pride Corp.                                                  | CUSIP: 72147KAF5<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $868815.00    | 0.28%             | 2031-04-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HERO FUNDING 2021-1                                                              | HERO Funding Trust 2021-1                                              | CUSIP: 42770AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    373796 | PA      | $343201.89    | 0.11%             | 2051-09-20      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2022-A                                                | CPS Auto Receivables Trust                                             | CUSIP: 12659WAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $851314.00    | 0.27%             | 2029-04-16      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3132DMPP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    674080 | PA      | $596143.90    | 0.19%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom, Inc.                                                         | CUSIP: U1109MAK2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $466934.95    | 0.15%             | 2030-11-15      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                          | Level 3 Financing, Inc.                                                | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1587530.00   | 0.51%             | 2028-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Dycom Industries, Inc.                                                           | Dycom Industries, Inc.                                                 | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $896525.00    | 0.29%             | 2029-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Coeur Mining Inc                                                                 | Coeur Mining, Inc.                                                     | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $806433.74    | 0.26%             | 2029-02-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Incorporated                                                       | Iron Mountain, Inc.                                                    | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $906220.00    | 0.29%             | 2030-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Univision Commmunications Inc.                                                   | Univision Communications, Inc.                                         | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $861770.00    | 0.28%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners Clo X                                                    | Benefit Street Partners CLO Ltd.                                       | CUSIP: 08181LBA4<br>LEI: 549300MYLNCW81S1Y182 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $236706.25    | 0.08%             | 2034-04-20      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| REGATTA XVIII FUNDING LTD                                                        | Regatta XVIII Funding Ltd.                                             | CUSIP: 75884EAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $942941.00    | 0.30%             | 2034-01-15      | Floating      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                 | Pacific Gas and Electric Co.                                           | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $378215.43    | 0.12%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                    | Ford Motor Credit Co., LLC                                             | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1670918.20   | 0.54%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133EMLL4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $341067.01    | 0.11%             | 2040-12-21      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| US Airways Group Inc.                                                            | US Airways Pass Through Trust                                          | CUSIP: 903436AA1<br>LEI: 5493004XNBKB5SFUJI60 | Long             | ABS-O            | CORP              | US        |    320595 | PA      | $322406.93    | 0.10%             | 2023-10-22      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Assured Guaranty Municipal Holdings Inc                                          | Assured Guaranty Municipal Holdings, Inc.                              | CUSIP: 31769PAB6<br>LEI: 549300WKHOG7BKB8MS12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1908020.00   | 0.61%             | 2066-12-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Lenovo Group Ltd.                                                                | Lenovo Group Ltd.                                                      | CUSIP: 526250AD7<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |   1000000 | PA      | $1012651.02   | 0.33%             | 2028-01-27      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Triton Container International Limited / TAL International Container Corporation | Triton Container International Ltd./ TAL International Container Corp. | CUSIP: 89681LAA0<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $404721.97    | 0.13%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                                                  | Nordea Bank Abp                                                        | CUSIP: 65559CAD3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1000000 | PA      | $793506.70    | 0.25%             | N/A             | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                     | American Credit Acceptance Receivables Trust                           | CUSIP: 02530TAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $853644.00    | 0.27%             | 2028-02-14      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KHSB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    386890 | PA      | $367146.37    | 0.12%             | 2050-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apex Credit Clo 2018 Ltd                                                         | Apex Credit CLO Ltd.                                                   | CUSIP: 03754LAS4<br>LEI: 254900U9YTKPL76CYP79 | Long             | ABS-CBDO         | CORP              | KY        |    420000 | PA      | $406177.38    | 0.13%             | 2031-10-20      | Floating      | 7.41%                 | Yes           |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                 | Burlington Northern Santa Fe LLC                                       | CUSIP: 12189LBJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955037.36    | 0.31%             | 2053-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                    | CCO Holdings LLC/CCO Holdings Capital Corp.                            | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $834250.00    | 0.27%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST                                                          | Mosaic Solar Loan Trust                                                | CUSIP: 61947DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    769553 | PA      | $662973.57    | 0.21%             | 2046-12-20      | Fixed         | 3.71%                 | Yes           |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                            | WEC Energy Group, Inc.                                                 | CUSIP: 976657AH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1706200.00   | 0.55%             | 2067-05-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                           | Intesa Sanpaolo SpA                                                    | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   3000000 | PA      | $2949524.19   | 0.95%             | 2026-01-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                            | Banco Bilbao Vizcaya Argentaria SA                                     | CUSIP: 05946KAG6<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   2900000 | PA      | $2845654.00   | 0.91%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress Inc                                                         | Duke Energy Progress LLC                                               | CUSIP: 26442UAK0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $648153.77    | 0.21%             | 2050-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FMC Corporation                                                                  | FMC Corp.                                                              | CUSIP: 34410XP12<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999731.16   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| CONNS RECEIVABLES FUNDING 2021-A LLC                                             | Conn's Receivables Funding LLC                                         | CUSIP: 20825GAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    826101 | PA      | $817470.06    | 0.26%             | 2026-05-15      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Commerzbank AG                                                                   | Commerzbank AG                                                         | CUSIP: D170472W6<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $1974422.00   | 0.63%             | N/A             | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                      | Verizon Communications, Inc.                                           | CUSIP: 92343VGL2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $741554.46    | 0.24%             | 2041-09-03      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation                  | Icahn Enterprises LP/ Icahn Enterprises Finance Corp.                  | CUSIP: 451102CC9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    250000 | PA      | $218046.88    | 0.07%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                            | UMBS Fannie Mae Pool                                                   | CUSIP: 31418EN97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1018065.66   | 0.33%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enstar Finance Llc                                                               | Enstar Finance LLC                                                     | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $413052.38    | 0.13%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS V ISSUER LLC                                                      | Helios Issuer LLC                                                      | CUSIP: 86746EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    795297 | PA      | $651689.12    | 0.21%             | 2048-02-20      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                             | Kyndryl Holdings, Inc.                                                 | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $862753.02    | 0.28%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| General Electric Company                                                         | General Electric Co.                                                   | CUSIP: 369604BN2<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567000.00    | 0.18%             | N/A             | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| US AUTO FUNDING TRUST 2021-1                                                     | US Auto Funding                                                        | CUSIP: 90355EAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $465804.95    | 0.15%             | 2028-09-15      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| SVB Financial Group                                                              | SVB Financial Group                                                    | CUSIP: 78486QAQ4<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $770000.00    | 0.25%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Unifin Financiera, S.A.B. de C.V. SOFOM E.N.R                                    | Unifin Financiera SAB de CV SOFOM ENR                                  | CUSIP: 90471MAA0<br>LEI: 5493007GRMPGDJG93Z17 | Long             | DBT              | CORP              | MX        |   1000000 | PA      | $44400.00     | 0.01%             | 2028-01-27      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                      | Global Atlantic Fin. Co.                                               | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $862275.82    | 0.28%             | 2051-10-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Liberty Media Corp Del                                                           | Liberty Interactive LLC                                                | CUSIP: 530715AD3<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $512105.00    | 0.16%             | 2029-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                       | Flagship Credit Auto Trust                                             | CUSIP: 33844PAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1968038.60   | 0.63%             | 2025-12-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST                                                              | DT Auto Owner Trust                                                    | CUSIP: 23343RAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $493151.15    | 0.16%             | 2026-03-16      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                          | JBS Finance Luxembourg Sarl                                            | CUSIP: 46590XAT3<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $418330.00    | 0.13%             | 2032-01-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                            | Freeport-McMoRan, Inc.                                                 | CUSIP: 35671DCD5<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992580.00    | 0.32%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                   | Carvana Auto Receivables Trust                                         | CUSIP: 14687PAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $930426.90    | 0.30%             | 2027-07-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corporation                                                      | Bank Of America Corp.                                                  | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1820200.00   | 0.58%             | 2170-04-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL FINANCE CREDIT CARD ABS MASTER TRUST                                 | Continental FinanceCredit Card ABS Master Trust                        | CUSIP: 66981PAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $905145.30    | 0.29%             | 2029-12-17      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140LPPZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1795028 | PA      | $1575120.12   | 0.51%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL CREDIT CARD ABS LLC                                                  | Continental Credit Card ABS                                            | CUSIP: 21134LAC2<br>LEI: 5493002QR2K2E0R56Z02 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2903013.60   | 0.93%             | 2026-08-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                          | JBS USA LUX SA/ JBS USA Food Co./ JBS USA Finance, Inc.                | CUSIP: 46590XAC0<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $211489.51    | 0.07%             | 2031-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Union Electric Company                                                           | Union Electric Co.                                                     | CUSIP: 906548CU4<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    750000 | PA      | $647764.41    | 0.21%             | 2052-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133KH5S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    812023 | PA      | $769849.43    | 0.25%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2021-4                                         | GLS Auto Receeivables Issuer Trust 2021-4                              | CUSIP: 36263DAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $842283.00    | 0.27%             | 2028-10-16      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico        | BBVA Bancomer SA/Texas                                                 | CUSIP: P16259AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   3000000 | PA      | $2855400.00   | 0.92%             | 2033-01-18      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2022-1                                                       | DT Auto Owner Trust                                                    | CUSIP: 23345YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $921121.60    | 0.30%             | 2029-03-15      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Scf Equipment Leasing 2020-1 Llc / Scf Equipment Leasing Cda 2020-1 L P          | SCF Equipment Leasing LLC                                              | CUSIP: 783897AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $707313.00    | 0.23%             | 2032-08-20      | Fixed         | 3.56%                 | Yes           |                  2 | On Loan: No      |
| USQ RAIL II LLC                                                                  | USQ Rail LLC                                                           | CUSIP: 90354PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $421303.80    | 0.14%             | 2051-06-28      | Fixed         | 2.98%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2022-1                                         | GLS Auto Receivables Issuer Trust                                      | CUSIP: 36263XAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $899514.90    | 0.29%             | 2029-05-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Us Clo Ltd                                                               | Carlyle Global Market Strategies CLO                                   | CUSIP: 14314BAQ0<br>LEI: 549300VZ0HS3D307K776 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $951915.00    | 0.31%             | 2031-04-20      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                 | NRG Energy, Inc.                                                       | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $916145.12    | 0.29%             | 2029-06-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Barclays PLC                                                                     | Barclays PLC                                                           | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1440473.99   | 0.46%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                                                        | Federal Farm Credit Banks Funding Corp.                                | CUSIP: 3133ELZZ0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $698759.87    | 0.22%             | 2040-05-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Company                                                     | Central Garden & Pet Co.                                               | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $419955.00    | 0.13%             | 2031-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133WKA89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    658745 | PA      | $654762.34    | 0.21%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WW International Inc                                                             | WW International, Inc.                                                 | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |    500000 | PA      | $266998.90    | 0.09%             | 2029-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE VII SRL                                                        | Global SC Finance Srl                                                  | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370394 | PA      | $336696.14    | 0.11%             | 2040-10-17      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                       | Vmed OC UK Financing PLC                                               | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $851586.27    | 0.27%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Liberty Media Corp Del                                                           | Liberty Interactive LLC                                                | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $477445.00    | 0.15%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| The ADT Corporation                                                              | ADT Security Corp./The                                                 | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3127548.41   | 1.00%             | 2032-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Lamar Media Corp.                                                                | Lamar Media Corp.                                                      | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $425229.95    | 0.14%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Assurant Inc.                                                                    | Assurant, Inc.                                                         | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994275.13    | 0.32%             | 2048-03-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                           | United Airlines Pass Through Trust                                     | CUSIP: 90932DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    735690 | PA      | $617320.46    | 0.20%             | 2030-04-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                                           | Juniper Networks, Inc.                                                 | CUSIP: 48203RAD6<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    700000 | PA      | $701060.96    | 0.23%             | 2041-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2022-N1                                           | Carvana Auto Receivables Trust                                         | CUSIP: 14686GAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1152300.50   | 0.37%             | 2028-12-11      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Topaz Solar Farms LLC                                                            | Topaz Solar Farms LLC                                                  | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    899238 | PA      | $865057.96    | 0.28%             | 2039-09-30      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE 31 CLO LTD                                                               | Venture CLO Ltd.                                                       | CUSIP: 92331VAG3<br>LEI: 549300WIVX6V4NHW6X79 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $926216.00    | 0.30%             | 2031-04-20      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| Air Canada                                                                       | Air Canada                                                             | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $926357.16    | 0.30%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom, Inc.                                                         | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $786368.06    | 0.25%             | 2033-02-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST                                                       | CPS Auto Receivables Trust                                             | CUSIP: 12596UAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1981329.80   | 0.64%             | 2025-07-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| CSX Corporation                                                                  | CSX Corp.                                                              | CUSIP: 126408GU1<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1056457.22   | 0.34%             | 2041-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom, Inc.                                                         | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $933869.89    | 0.30%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| General Electric Company                                                         | General Electric Co.                                                   | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500125.00    | 0.16%             | N/A             | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                          | DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.                       | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1134100.00   | 0.36%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2022-2                                                  | Octane Receivables Trust                                               | CUSIP: 67578XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008284.60   | 0.32%             | 2030-02-20      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                             | Macquarie Bank Ltd.                                                    | CUSIP: 556079AC5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $863253.04    | 0.28%             | 2030-06-03      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| TRIUMPH RAIL LLC                                                                 | TRP LLC                                                                | CUSIP: 89683LAB6<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $803220.63    | 0.26%             | 2051-06-19      | Fixed         | 3.08%                 | Yes           |                  2 | On Loan: No      |
| Enstar Group Ltd                                                                 | Enstar Group Ltd.                                                      | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $1884411.34   | 0.61%             | 2029-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST                                                              | DT Auto Owner Trust                                                    | CUSIP: 23345EAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $916194.40    | 0.29%             | 2028-07-17      | Fixed         | 2.97%                 | Yes           |                  2 | On Loan: No      |
| Seagate HDD Cayman                                                               | Seagate HDD Cayman                                                     | CUSIP: 81180WAT8<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $990750.00    | 0.32%             | 2024-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PURCHASING POWER FUNDING LLC                                                     | Purchasing Power Funding LLC                                           | CUSIP: 74615JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $970011.00    | 0.31%             | 2025-10-15      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                        | Goldman Sachs Group, Inc./The                                          | CUSIP: 38148BAD0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3983200.00   | 1.28%             | N/A             | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                         | Lloyds Banking Group PLC                                               | CUSIP: 539439AG4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2981760.00   | 0.96%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Juniper Networks, Inc.                                                           | Juniper Networks, Inc.                                                 | CUSIP: 48203RAP9<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    500000 | PA      | $396973.63    | 0.13%             | 2030-12-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LOANPAL SOLAR LOAN 2020-3 LLC                                                    | Loanpal Solar Loan Ltd.                                                | CUSIP: 53948NAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    917088 | PA      | $587476.38    | 0.19%             | 2047-12-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| HPS LOAN MANAGEMENT 10-2016 LTD                                                  | HPS Loan Management Ltd.                                               | CUSIP: 40436TAY2<br>LEI: 2549009NI8GVCM3ROT27 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $957399.00    | 0.31%             | 2034-04-20      | Floating      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140KTG82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    873103 | PA      | $765714.81    | 0.25%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133LPV79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1000000 | PA      | $1018065.66   | 0.33%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                           | Credit Suisse Group AG                                                 | CUSIP: 225401AM0<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $914840.05    | 0.29%             | 2025-09-11      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| Coty Inc.                                                                        | Coty, Inc.                                                             | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958535.00    | 0.31%             | 2026-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Rent-A-Center, Inc.                                                              | Rent-A-Center, Inc./TX                                                 | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $851210.00    | 0.27%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                       | Constellation Brands, Inc.                                             | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    500000 | PA      | $412878.97    | 0.13%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Huntington Conservative Deposit Account                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    677488 | PA      | $677488.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Company                                                 | Pacific Gas and Electric Co.                                           | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $338169.68    | 0.11%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | Federal Home Loan Mortgage Corp.                                       | CUSIP: 3134GWDU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1500000 | PA      | $1115701.19   | 0.36%             | 2035-07-27      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Rockford Tower Clo 2019-2 Ltd / Llc                                              | Rockford Tower CLO Ltd.                                                | CUSIP: 77341GAN0<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $959340.00    | 0.31%             | 2032-08-20      | Floating      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| LONGTRAIN LEASING III LLC                                                        | Longtrain Leasing III LLC                                              | CUSIP: 543190AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    972227 | PA      | $912750.31    | 0.29%             | 2045-01-15      | Fixed         | 4.06%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                                          | Massachusetts Mutual Life Insurance Co.                                | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $766989.83    | 0.25%             | 2050-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Union Pacific Corporation                                                        | Union Pacific Corp.                                                    | CUSIP: 907818FT0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $829456.59    | 0.27%             | 2041-05-20      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                                                   | Carvana Auto Receivables Trust                                         | CUSIP: 14687GAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $1908967.50   | 0.61%             | 2028-06-12      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                    | Springleaf Finance Corp.                                               | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1753850.00   | 0.56%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES PASS THROUGH TRUST                                             | American Airlines Pass Through Trust 2021-1                            | CUSIP: 02376LAA3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    955000 | PA      | $807042.81    | 0.26%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TRINITY RAIL LEASING 2021 LLC                                                    | Trinity Rail Leasing 2021 LLC                                          | CUSIP: 89656GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $412777.65    | 0.13%             | 2051-07-19      | Fixed         | 3.08%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140LPN81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    604603 | PA      | $531105.02    | 0.17%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Prime Securities Services Borrower, LLC and Prime Finance, Inc.                  | Prime Security Services Borrower LLC/ Prime Finance, Inc.              | CUSIP: 74166MAC0<br>LEI: 549300O6QPZVWXV2DC15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1962569.02   | 0.63%             | 2026-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                           | UMBS Freddie Mac Pool                                                  | CUSIP: 3133BSZQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    998146 | PA      | $1014370.28   | 0.33%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                                                        | Kraft Heinz Foods Co.                                                  | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $874688.27    | 0.28%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Stena International SA                                                           | Stena International SA                                                 | CUSIP: 85858EAA1<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |   3000000 | PA      | $2983174.71   | 0.96%             | 2024-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                 | UMBS Fannie Mae Pool                                                   | CUSIP: 3140L0J65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    745454 | PA      | $680407.60    | 0.22%             | 2051-06-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

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

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller