# EDGAR Filing Document

**Accession Number:** 0000892538
**File Stem:** 0001410368-25-031752
**Filing Date:** 2025-11
**Character Count:** 294082
**Document Hash:** 93870bd651cfe7e8e4874d896664da18
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031752.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-031752

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SUNAMERICA SERIES TRUST
- **CENTRAL INDEX KEY:** 0000892538

**ORGANIZATION NAME:**
- **EIN:** 137002445
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07238
- **FILM NUMBER:** 251524889

**BUSINESS ADDRESS:**
- **STREET 1:** 21650 OXNARD STREET, 10TH FLOOR
- **CITY:** WOODLAND HILLS
- **STATE:** CA
- **ZIP:** 91367
- **BUSINESS PHONE:** 551-235-3560

**MAIL ADDRESS:**
- **STREET 1:** 30 HUDSON STREET
- **STREET 2:** 16TH FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

## Series and Classes Contracts Data

### SA Wellington Strategic Multi-Asset Portfolio (Series ID: S000072729)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000229214 | Class 1      |  |
| C000229215 | Class 3      |  |

## Nport-Ex

#### SunAmerica Series Trust SA Goldman Sachs Government and Quality Bond Portfolio^<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **CORPORATE BONDS & NOTES — 0.5%** | **CORPORATE BONDS & NOTES — 0.5%** | **CORPORATE BONDS & NOTES — 0.5%** |
| **Banks — 0.5%** | **Banks — 0.5%** | **Banks — 0.5%** |
| &nbsp;&nbsp;&nbsp;Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.07%, 09/14/2028\*<br> (cost $7,851,058) | $5890000 | &nbsp;&nbsp;$6078524 |
| **ASSET BACKED SECURITIES — 4.1%** | **ASSET BACKED SECURITIES — 4.1%** | **ASSET BACKED SECURITIES — 4.1%** |
| **Auto Loan Receivables — 0.5%** | **Auto Loan Receivables — 0.5%** | **Auto Loan Receivables — 0.5%** |
| &nbsp;&nbsp;&nbsp;SFS Auto Receivables Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2A, Class A3<br> 5.33%, 11/20/2029\* | &nbsp;&nbsp; 5885000 | &nbsp;&nbsp;&nbsp;&nbsp; 5954378 |
| **Other Asset Backed Securities — 3.6%** | **Other Asset Backed Securities — 3.6%** | **Other Asset Backed Securities — 3.6%** |
| &nbsp;&nbsp;&nbsp;720 East CLO VIII, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-8A, Class A1<br> 5.39%, (TSFR3M+1.31%), 07/20/2038\* | &nbsp;&nbsp; 6080000 | &nbsp;&nbsp;&nbsp;&nbsp; 6101797 |
| &nbsp;&nbsp;&nbsp;AGL CLO, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-44A, Class A<br> 5.10%, (TSFR3M+1.15%), 10/22/2037\* | &nbsp;&nbsp; 5400000 | &nbsp;&nbsp;&nbsp;&nbsp; 5317375 |
| &nbsp;&nbsp;&nbsp;CARLYLE US CLO, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-8A, Class A1R<br> 5.25%, (TSFR3M+1.27%), 10/15/2038\* | &nbsp;&nbsp; 5825000 | &nbsp;&nbsp;&nbsp;&nbsp; 5841496 |
| &nbsp;&nbsp;&nbsp;Diameter Capital CLO 10, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-10A, Class A<br> 5.60%, (TSFR3M+1.31%), 04/20/2038\* | &nbsp;&nbsp; 3760000 | &nbsp;&nbsp;&nbsp;&nbsp; 3770419 |
| &nbsp;&nbsp;&nbsp;Diameter Capital Clo 2, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2A, Class A1R<br> 5.71%, (TSFR3M+1.39%), 10/15/2037\* | &nbsp;&nbsp; 4860000 | &nbsp;&nbsp;&nbsp;&nbsp; 4873020 |
| &nbsp;&nbsp;&nbsp;Generate CLO 9, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 9A, Class AR<br> 5.68%, (TSFR3M+1.35%), 01/20/2038\* | &nbsp;&nbsp; 4150601 | &nbsp;&nbsp;&nbsp;&nbsp; 4174305 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Eaton Vance CLO, Ltd. FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A1R<br> 5.23%, (TSFR3M+1.29%), 10/23/2037\* | &nbsp;&nbsp; 5250000 | &nbsp;&nbsp;&nbsp;&nbsp; 5262794 |
| &nbsp;&nbsp;&nbsp;Retained Vantage Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A, Class A2A<br> 5.00%, 09/15/2048\* | &nbsp;&nbsp; 6098000 | &nbsp;&nbsp;&nbsp;&nbsp; 6103941 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41445147 |
| **Total Asset Backed Securities<br> (cost $46,801,427)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47399525 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 8.0%** | **COLLATERALIZED MORTGAGE OBLIGATIONS — 8.0%** | **COLLATERALIZED MORTGAGE OBLIGATIONS — 8.0%** |
| **Commercial and Residential — 5.3%** | **Commercial and Residential — 5.3%** | **Commercial and Residential — 5.3%** |
| &nbsp;&nbsp;&nbsp;Angel Oak Mtg. Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-6, Class A1<br> 2.62%, 11/25/2059\*(1) | &nbsp;&nbsp; 50982 | &nbsp;&nbsp;&nbsp;&nbsp; 50196 |
| &nbsp;&nbsp;&nbsp;BANK5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-5YR7, Class A3<br> 5.77%, 06/15/2057 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1043670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-5YR11, Class A3<br> 5.89%, 11/15/2057 | &nbsp;&nbsp; 1133564 | &nbsp;&nbsp;&nbsp;&nbsp; 1192255 |
| &nbsp;&nbsp;&nbsp;BMARK VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-V4, Class A3<br> 6.84%, 11/15/2056(1) | &nbsp;&nbsp; 5525000 | &nbsp;&nbsp;&nbsp;&nbsp; 5868749 |
| &nbsp;&nbsp;&nbsp;BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NQM7, Class A1A<br> 5.46%, 07/25/2065\* | &nbsp;&nbsp; 4194074 | &nbsp;&nbsp;&nbsp;&nbsp; 4226798 |
| &nbsp;&nbsp;&nbsp;BSTN Commercial Mtg. Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1C, Class A<br> 5.55%, 06/15/2044\*(1) | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3591766 |
| &nbsp;&nbsp;&nbsp;BX Commercial Mtg. Trust FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-BCAT, Class A<br> 5.53%, (TSFR1M+1.38%), 08/15/2042\* | &nbsp;&nbsp; 2874854 | &nbsp;&nbsp;&nbsp;&nbsp; 2877550 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Commercial and Residential (continued)** | **Commercial and Residential (continued)** | **Commercial and Residential (continued)** |
| &nbsp;&nbsp;&nbsp;BX Trust FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-ROIC, Class A<br> 5.29%, (TSFR1M+1.14%), 03/15/2030\* | $3984460 | &nbsp;&nbsp;$3975744 |
| &nbsp;&nbsp;&nbsp;COLT Mtg. Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-7, Class A1<br> 5.47%, 06/25/2070\* | &nbsp;&nbsp; 4156568 | &nbsp;&nbsp;&nbsp;&nbsp; 4190719 |
| &nbsp;&nbsp;&nbsp;COMM Mtg. Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-277P, Class A<br> 6.34%, 08/10/2044\* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4215517 |
| &nbsp;&nbsp;&nbsp;Durst Commercial Mtg. Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-151, Class A<br> 5.32%, 08/10/2042\*(1) | &nbsp;&nbsp; 3650000 | &nbsp;&nbsp;&nbsp;&nbsp; 3717592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-151, Class B<br> 5.77%, 08/10/2042\*(1) | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp;&nbsp;&nbsp; 1884629 |
| &nbsp;&nbsp;&nbsp;Flagstar Mtg. Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-3INV, Class A3<br> 4.00%, 05/25/2048\*(1) | &nbsp;&nbsp; 611646 | &nbsp;&nbsp;&nbsp;&nbsp; 570833 |
| &nbsp;&nbsp;&nbsp;Houston Galleria Mall Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-HGLR, Class A<br> 5.64%, 02/05/2045\*(1) | &nbsp;&nbsp; 1155000 | &nbsp;&nbsp;&nbsp;&nbsp; 1194264 |
| &nbsp;&nbsp;&nbsp;IRV Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-200P, Class A<br> 5.47%, 03/14/2047\*(1) | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4088751 |
| &nbsp;&nbsp;&nbsp;KRE Commercial Mtg. Trust FRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-AIP4, Class A<br> 5.45%, (TSFR1M+1.30%), 03/15/2042\* | &nbsp;&nbsp; 5175000 | &nbsp;&nbsp;&nbsp;&nbsp; 5168531 |
| &nbsp;&nbsp;&nbsp;MetLife Securitization Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class A<br> 3.00%, 04/25/2055\*(1) | &nbsp;&nbsp; 289002 | &nbsp;&nbsp;&nbsp;&nbsp; 278509 |
| &nbsp;&nbsp;&nbsp;RFR Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-SGRM, Class A<br> 5.56%, 03/11/2041\*(1) | &nbsp;&nbsp; 6349796 | &nbsp;&nbsp;&nbsp;&nbsp; 6492565 |
| &nbsp;&nbsp;&nbsp;ROCK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-CNTR, Class B<br> 5.93%, 11/13/2041\* | &nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp;&nbsp; 2790712 |
| &nbsp;&nbsp;&nbsp;Towd Point Mtg. Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-4, Class A1<br> 2.75%, 06/25/2057\*(1) | &nbsp;&nbsp; 306473 | &nbsp;&nbsp;&nbsp;&nbsp; 300216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1, Class A1<br> 3.00%, 01/25/2058\*(1) | &nbsp;&nbsp; 74913 | &nbsp;&nbsp;&nbsp;&nbsp; 74233 |
| &nbsp;&nbsp;&nbsp;Verus Securitization Trust VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1, Class A1<br> 5.62%, 01/25/2070\*(1) | &nbsp;&nbsp; 3433127 | &nbsp;&nbsp;&nbsp;&nbsp; 3464625 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61258424 |
| **U.S. Government Agency — 2.7%** | **U.S. Government Agency — 2.7%** | **U.S. Government Agency — 2.7%** |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg. Corp. Multifamily Structured Pass Through Certs. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series K516, Class A2<br> 5.48%, 01/25/2029 | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6238459 |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg. Corp. Multifamily Structured Pass Through Certs. VRS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series K157, Class A2<br> 3.99%, 05/25/2033(1) | &nbsp;&nbsp; 1950000 | &nbsp;&nbsp;&nbsp;&nbsp; 1936066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series K758, Class A2<br> 4.68%, 10/25/2031(1) | &nbsp;&nbsp; 1775000 | &nbsp;&nbsp;&nbsp;&nbsp; 1818731 |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg. Corp. REMIC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4146, Class AB<br> 1.13%, 12/15/2027 | &nbsp;&nbsp; 222623 | &nbsp;&nbsp;&nbsp;&nbsp; 217361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4142, Class PT<br> 1.25%, 12/15/2027 | &nbsp;&nbsp; 185574 | &nbsp;&nbsp;&nbsp;&nbsp; 181046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 5170, Class DP<br> 2.00%, 07/25/2050 | &nbsp;&nbsp; 3488824 | &nbsp;&nbsp;&nbsp;&nbsp; 3064152 |

---

------

#### SunAmerica Series Trust SA Goldman Sachs Government and Quality Bond Portfolio^<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS (continued)** |
| **U.S. Government Agency (continued)** | **U.S. Government Agency (continued)** | **U.S. Government Agency (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4654, Class KA<br> 3.00%, 06/15/2045 | $1551712 | &nbsp;&nbsp;$1500075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 3967, Class ZP<br> 4.00%, 09/15/2041 | &nbsp;&nbsp; 1463218 | &nbsp;&nbsp;&nbsp;&nbsp; 1421278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 4809, Class CZ<br> 4.00%, 07/15/2048 | &nbsp;&nbsp; 1307621 | &nbsp;&nbsp;&nbsp;&nbsp; 1242962 |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg. Corp. SCRT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1, Class MTU<br> 2.50%, 09/25/2060 | &nbsp;&nbsp; 6251983 | &nbsp;&nbsp;&nbsp;&nbsp; 5127046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-3, Class MA<br> 3.50%, 10/25/2058 | &nbsp;&nbsp; 665752 | &nbsp;&nbsp;&nbsp;&nbsp; 646309 |
| &nbsp;&nbsp;&nbsp;Federal National Mtg. Assoc. REMIC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-9, Class PT<br> 1.25%, 02/25/2028 | &nbsp;&nbsp; 169297 | &nbsp;&nbsp;&nbsp;&nbsp; 164916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-103, Class HB<br> 1.50%, 09/25/2027 | &nbsp;&nbsp; 466354 | &nbsp;&nbsp;&nbsp;&nbsp; 456226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-27, Class HC<br> 1.50%, 10/25/2049 | &nbsp;&nbsp; 2995669 | &nbsp;&nbsp;&nbsp;&nbsp; 2387174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-95, Class ZC<br> 3.00%, 01/25/2045 | &nbsp;&nbsp; 1442120 | &nbsp;&nbsp;&nbsp;&nbsp; 1325218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-6, Class GJ<br> 3.00%, 02/25/2049 | &nbsp;&nbsp; 209631 | &nbsp;&nbsp;&nbsp;&nbsp; 204244 |
| &nbsp;&nbsp;&nbsp;Government National Mtg. Assoc. REMIC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-215, Class KA<br> 2.50%, 10/20/2049 | &nbsp;&nbsp; 4216962 | &nbsp;&nbsp;&nbsp;&nbsp; 3780738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-74, Class HA<br> 7.50%, 09/16/2035 | &nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp;&nbsp; 113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-74, Class HB<br> 7.50%, 09/16/2035 | &nbsp;&nbsp; 7148 | &nbsp;&nbsp;&nbsp;&nbsp; 7161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-74, Class HC<br> 7.50%, 09/16/2035 | &nbsp;&nbsp; 14729 | &nbsp;&nbsp;&nbsp;&nbsp; 14759 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31734034 |
| **Total Collateralized Mortgage Obligations<br> (cost $94,390,275)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92992458 |
| **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 71.3%** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 71.3%** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 71.3%** |
| **U.S. Government — 26.1%** | **U.S. Government — 26.1%** | **U.S. Government — 26.1%** |
| &nbsp;&nbsp;&nbsp;United States Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 08/15/2041 | &nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp; 386754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.88%, 02/15/2041 | &nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp; 31635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 02/15/2052 | &nbsp;&nbsp; 1427100 | &nbsp;&nbsp;&nbsp;&nbsp; 885192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 05/15/2051 | &nbsp;&nbsp; 4133500 | &nbsp;&nbsp;&nbsp;&nbsp; 2659326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 02/15/2045 to 05/15/2046 | &nbsp;&nbsp; 7271000 | &nbsp;&nbsp;&nbsp;&nbsp; 5196128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 08/15/2047 to 11/15/2047 | &nbsp;&nbsp; 5488500 | &nbsp;&nbsp;&nbsp;&nbsp; 3970347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.88%, 08/15/2045 to 05/15/2052 | &nbsp;&nbsp; 18563100 | &nbsp;&nbsp;&nbsp;&nbsp; 13535850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38%, 08/15/2042 | &nbsp;&nbsp; 9620400 | &nbsp;&nbsp;&nbsp;&nbsp; 8196881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 02/15/2053 to 05/15/2053 | &nbsp;&nbsp; 9303400 | &nbsp;&nbsp;&nbsp;&nbsp; 7687927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 02/15/2043 to 05/15/2043 | &nbsp;&nbsp; 17407600 | &nbsp;&nbsp;&nbsp;&nbsp; 15784013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2042 to 11/15/2052 | &nbsp;&nbsp; 11914200 | &nbsp;&nbsp;&nbsp;&nbsp; 10834439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/15/2044 to 08/15/2053 | &nbsp;&nbsp; 6132200 | &nbsp;&nbsp;&nbsp;&nbsp; 5556853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 02/15/2054 to 08/15/2054 | &nbsp;&nbsp; 7438300 | &nbsp;&nbsp;&nbsp;&nbsp; 6866238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 08/15/2043 | &nbsp;&nbsp; 9089100 | &nbsp;&nbsp;&nbsp;&nbsp; 8771692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 02/15/2044 to 11/15/2054 | &nbsp;&nbsp; 7754200 | &nbsp;&nbsp;&nbsp;&nbsp; 7505967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 05/15/2044 to 02/15/2055 | &nbsp;&nbsp; 17999200 | &nbsp;&nbsp;&nbsp;&nbsp; 17743688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/15/2043 to 05/15/2055 | &nbsp;&nbsp; 36123200 | &nbsp;&nbsp;&nbsp;&nbsp; 36338551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/2045 | &nbsp;&nbsp; 8537000 | &nbsp;&nbsp;&nbsp;&nbsp; 8865141 |
| &nbsp;&nbsp;&nbsp;United States Treasury Bonds TIPS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, 02/15/2053 | &nbsp;&nbsp; 18713318 | &nbsp;&nbsp;&nbsp;&nbsp; 14970295 |
| &nbsp;&nbsp;&nbsp;United States Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.63%, 05/15/2031 | &nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 13356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 09/30/2031 | &nbsp;&nbsp; 2021200 | &nbsp;&nbsp;&nbsp;&nbsp; 1997514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 05/31/2030 to 08/31/2031 | &nbsp;&nbsp; 1017800 | &nbsp;&nbsp;&nbsp;&nbsp; 1016873 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **U.S. Government (continued)** | **U.S. Government (continued)** | **U.S. Government (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 11/30/2029 to 06/30/2030 | $43113900 | &nbsp;&nbsp;$43381420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 03/31/2030 to 06/30/2032 | &nbsp;&nbsp; 38045000 | &nbsp;&nbsp;&nbsp;&nbsp; 38461423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 11/30/2029 to 03/31/2032 | &nbsp;&nbsp; 5747400 | &nbsp;&nbsp;&nbsp;&nbsp; 5834964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/31/2030 to 05/15/2035 | &nbsp;&nbsp; 34178400 | &nbsp;&nbsp;&nbsp;&nbsp; 34705151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 12/31/2029 | &nbsp;&nbsp; 3379400 | &nbsp;&nbsp;&nbsp;&nbsp; 3466789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 12/31/2031 | &nbsp;&nbsp; 1124300 | &nbsp;&nbsp;&nbsp;&nbsp; 1163299 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305827706 |
| **U.S. Government Agency — 45.2%** | **U.S. Government Agency — 45.2%** | **U.S. Government Agency — 45.2%** |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg. Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 11/01/2041 to 04/01/2052 | &nbsp;&nbsp; 29442151 | &nbsp;&nbsp;&nbsp;&nbsp; 24141232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 10/01/2031 to 10/01/2051 | &nbsp;&nbsp; 21331698 | &nbsp;&nbsp;&nbsp;&nbsp; 18613277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 11/01/2046 to 12/01/2046 | &nbsp;&nbsp; 13389840 | &nbsp;&nbsp;&nbsp;&nbsp; 12120900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 09/01/2026 to 05/01/2049 | &nbsp;&nbsp; 1439183 | &nbsp;&nbsp;&nbsp;&nbsp; 1401412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 01/01/2038 to 08/01/2052 | &nbsp;&nbsp; 6396889 | &nbsp;&nbsp;&nbsp;&nbsp; 6279662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/2052 to 01/01/2053 | &nbsp;&nbsp; 12411281 | &nbsp;&nbsp;&nbsp;&nbsp; 12384076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 02/01/2053 to 09/01/2053 | &nbsp;&nbsp; 13830348 | &nbsp;&nbsp;&nbsp;&nbsp; 13985524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 12/01/2039 to 06/01/2054 | &nbsp;&nbsp; 17047313 | &nbsp;&nbsp;&nbsp;&nbsp; 17432111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 11/01/2053 | &nbsp;&nbsp; 6935584 | &nbsp;&nbsp;&nbsp;&nbsp; 7191445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 05/01/2027 | &nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;Federal National Mtg. Assoc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, 11/01/2041 | &nbsp;&nbsp; 4320253 | &nbsp;&nbsp;&nbsp;&nbsp; 3640609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 04/01/2041 to 09/01/2051 | &nbsp;&nbsp; 27313651 | &nbsp;&nbsp;&nbsp;&nbsp; 22465704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 03/01/2030 to 07/01/2053 | &nbsp;&nbsp; 30173929 | &nbsp;&nbsp;&nbsp;&nbsp; 25931314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 05/01/2027 to 11/01/2053 | &nbsp;&nbsp; 22237190 | &nbsp;&nbsp;&nbsp;&nbsp; 19876867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12%, 05/01/2033 | &nbsp;&nbsp; 2319765 | &nbsp;&nbsp;&nbsp;&nbsp; 2161130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 08/01/2043 to 07/01/2051 | &nbsp;&nbsp; 10200944 | &nbsp;&nbsp;&nbsp;&nbsp; 9455899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 09/01/2026 to 10/01/2052 | &nbsp;&nbsp; 3890101 | &nbsp;&nbsp;&nbsp;&nbsp; 3748565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/01/2039 to 11/01/2052 | &nbsp;&nbsp; 4233470 | &nbsp;&nbsp;&nbsp;&nbsp; 4168998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/2052 to 10/01/2052 | &nbsp;&nbsp; 1729616 | &nbsp;&nbsp;&nbsp;&nbsp; 1727771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/01/2038 to 08/01/2053 | &nbsp;&nbsp; 7016710 | &nbsp;&nbsp;&nbsp;&nbsp; 7120653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 09/01/2053 | &nbsp;&nbsp; 10425465 | &nbsp;&nbsp;&nbsp;&nbsp; 10679446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 02/01/2038 to 10/01/2039 | &nbsp;&nbsp; 38774 | &nbsp;&nbsp;&nbsp;&nbsp; 40905 |
| &nbsp;&nbsp;&nbsp;Government National Mtg. Assoc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 12/20/2050 to 02/20/2051 | &nbsp;&nbsp; 13626642 | &nbsp;&nbsp;&nbsp;&nbsp; 11269141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, October 30 TBA | &nbsp;&nbsp; 16000000 | &nbsp;&nbsp;&nbsp;&nbsp; 13222230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 08/20/2051 to 12/20/2052 | &nbsp;&nbsp; 16391877 | &nbsp;&nbsp;&nbsp;&nbsp; 14127169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, October 30 TBA | &nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp; 11190102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 07/20/2051 | &nbsp;&nbsp; 7964368 | &nbsp;&nbsp;&nbsp;&nbsp; 7116711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, October 30 TBA | &nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10710914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 01/20/2052 to 03/20/2052 | &nbsp;&nbsp; 13853193 | &nbsp;&nbsp;&nbsp;&nbsp; 12746120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, October 30 TBA | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3646464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 02/15/2041 to 05/20/2052 | &nbsp;&nbsp; 2758923 | &nbsp;&nbsp;&nbsp;&nbsp; 2626380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, October 30 TBA | &nbsp;&nbsp; 16000000 | &nbsp;&nbsp;&nbsp;&nbsp; 15041583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/15/2040 to 08/20/2052 | &nbsp;&nbsp; 8096094 | &nbsp;&nbsp;&nbsp;&nbsp; 7918436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, October 30 TBA | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5817610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/2033 to 04/15/2041 | &nbsp;&nbsp; 603098 | &nbsp;&nbsp;&nbsp;&nbsp; 612104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, October 30 TBA | &nbsp;&nbsp; 19000000 | &nbsp;&nbsp;&nbsp;&nbsp; 18897764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 10/15/2032 to 04/15/2036 | &nbsp;&nbsp; 348595 | &nbsp;&nbsp;&nbsp;&nbsp; 354347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, October 30 TBA | &nbsp;&nbsp; 27000000 | &nbsp;&nbsp;&nbsp;&nbsp; 27200942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 06/15/2028 to 06/15/2041 | &nbsp;&nbsp; 1722013 | &nbsp;&nbsp;&nbsp;&nbsp; 1798917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, October 30 TBA | &nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp;&nbsp; 12204163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 02/15/2027 to 05/15/2032 | &nbsp;&nbsp; 172446 | &nbsp;&nbsp;&nbsp;&nbsp; 176898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, October 30 TBA | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2054042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.00%, 11/15/2031 to 11/15/2033 | &nbsp;&nbsp; 26762 | &nbsp;&nbsp;&nbsp;&nbsp; 27684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.00%, 10/15/2029 to 03/15/2031 | &nbsp;&nbsp; 30763 | &nbsp;&nbsp;&nbsp;&nbsp; 31310 |
| &nbsp;&nbsp;&nbsp;Uniform Mtg. Backed Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, October 15 TBA | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 8944727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, October 15 TBA | &nbsp;&nbsp; 18000000 | &nbsp;&nbsp;&nbsp;&nbsp; 16539259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, October 30 TBA | &nbsp;&nbsp; 19000000 | &nbsp;&nbsp;&nbsp;&nbsp; 15309523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, October 30 TBA | &nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6738717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, October 15 TBA | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1010300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, October 15 TBA | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1021953 |

---

------

#### SunAmerica Series Trust SA Goldman Sachs Government and Quality Bond Portfolio^<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **U.S. GOVERNMENT & AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS (continued)** |  |
| **U.S. Government Agency (continued)** | **U.S. Government Agency (continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, October 30 TBA | $53000000 | &nbsp;&nbsp;$53436612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, October 30 TBA | &nbsp;&nbsp; 16000000 | &nbsp;&nbsp;&nbsp;&nbsp; 16345403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, October 30 TBA | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5166918 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527871996 |
| **Total U.S. Government & Agency Obligations<br> (cost $854,999,121)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833699702 |
| **Total Long-Term Investment Securities<br> (cost $1,004,041,881)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980170209 |
| **SHORT-TERM INVESTMENTS — 34.9%** | **SHORT-TERM INVESTMENTS — 34.9%** |  |
| **U.S. Government Agency — 25.6%** | **U.S. Government Agency — 25.6%** |  |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank Disc. Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.80%, 03/18/2026 | &nbsp;&nbsp; 89000000 | &nbsp;&nbsp;&nbsp;&nbsp; 87464565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.80%, 03/20/2026 | &nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp; 98254375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15%, 11/26/2025 | &nbsp;&nbsp;114000000 | &nbsp;&nbsp;&nbsp;&nbsp; 113308685 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299027625 |
| **U.S. Government — 9.3%** | **U.S. Government — 9.3%** |  |
| &nbsp;&nbsp;&nbsp;United States Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.04%, 12/18/2025 | &nbsp;&nbsp;110000000 | &nbsp;&nbsp;&nbsp;&nbsp; 109078412 |
| **Total Short-Term Investments<br> (cost $407,293,641)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408106037 |
| **TOTAL INVESTMENTS<br> (cost $1,411,335,522)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118.8% | &nbsp;&nbsp;&nbsp;&nbsp;1388276246 |
| Other assets less liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18.8) | &nbsp;&nbsp;&nbsp;&nbsp;(219919878) |
| **NET ASSETS** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% | &nbsp;&nbsp;$1168356368 |
| **FORWARD SALES CONTRACTS — (0.9)%** | **FORWARD SALES CONTRACTS — (0.9)%** |  |
| **U.S. Government Agencies — (0.9)%** | **U.S. Government Agencies — (0.9)%** |  |
| **Uniform Mtg. Backed Securities — (0.9%)** | **Uniform Mtg. Backed Securities — (0.9%)** |  |
| &nbsp;&nbsp;&nbsp;3.00%, October 30 TBA | &nbsp;&nbsp; (6000000) | &nbsp;&nbsp;&nbsp;&nbsp; (5269207) |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Uniform Mtg. Backed Securities (continued)** | **Uniform Mtg. Backed Securities (continued)** | **Uniform Mtg. Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp;4.00%, October 30 TBA | $(1000000) | &nbsp;&nbsp;$(942363) |
| &nbsp;&nbsp;&nbsp;4.50%, October 30 TBA | &nbsp;&nbsp; (5000000) | &nbsp;&nbsp;&nbsp;&nbsp; (4849289) |
| **Total Forward Sales Contracts<br> (proceeds $(10787656))** |  | &nbsp;&nbsp;$(11060859) |

---

---

| | |
|:---|:---|
| ^ | &nbsp;&nbsp;Prior to July 28, 2025, the Portfolio was known as SA Wellington Government and Quality Bond Portfolio. |
| \* | &nbsp;&nbsp;Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. The SA Goldman Sachs Government and Quality Bond Portfolio has no right to demand registration of these securities. At September 30, 2025, the aggregate value of these securities was $106,631,799 representing 9.1% of net assets. |
| (1) | &nbsp;&nbsp;Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |

---

---

| |
|:---|
| CLO—Collateralized Loan Obligation |
| FRS—Floating Rate Security |
| REMIC—Real Estate Mortgage Investment Conduit |
| SCRT—Structured Credit Risk Transfer |
| TBA—Securities purchased on a forward commitment basis with an approximate principal amount and no definite maturity date. The actual principal amount and maturity date will be determined upon settlement date. |
| TIPS—Treasury Inflation Protected Securities |
| TSFR1M—Term Secured Overnight Financing Rate 1 Month |
| TSFR3M—Term Secured Overnight Financing Rate 3 Month |
| VRS—Variable Rate Security |

---

The rates shown on FRS and/or VRS are the current interest rates at September 30, 2025 and unless noted otherwise, the dates shown are the original maturity dates.

#### Futures Contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number<br> of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Type** | &nbsp;&nbsp;&nbsp;**Description** | &nbsp;&nbsp;**Expiration<br> Month** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> Basis\*** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> Value\*** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation** |
| 225 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;U.S. Treasury Long Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;$26143906 | &nbsp;&nbsp;&nbsp;&nbsp;$26233594 | &nbsp;&nbsp;&nbsp;&nbsp;$89688 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
| 1517 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;$171144283 | &nbsp;&nbsp;&nbsp;&nbsp;$170662500 | &nbsp;&nbsp;&nbsp;&nbsp;$(481783) |
| &nbsp;&nbsp;549 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114479779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114410743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (69036) |
| 2322 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254545665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253551516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (994149) |
| 1312 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury Ultra 10 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150137273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150982500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (845227) |
| &nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61492379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62432500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (940121) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$(3330316) |
|  |  | &nbsp;&nbsp;&nbsp;Net Unrealized Appreciation (Depreciation) | &nbsp;&nbsp;&nbsp;Net Unrealized Appreciation (Depreciation) | &nbsp;&nbsp;&nbsp;Net Unrealized Appreciation (Depreciation) |  | &nbsp;&nbsp;&nbsp;&nbsp;$(3240628) |

---

\* Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract.

------

#### SunAmerica Series Trust SA Goldman Sachs Government and Quality Bond Portfolio^<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

The following is a summary of the inputs used to value the Portfolio's net assets as of September 30, 2025 (see Note 1):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1 - Unadjusted<br> Quoted Prices** | &nbsp;&nbsp;**Level 2 - Other<br> Observable Inputs** | &nbsp;&nbsp;**Level 3 - Significant<br> Unobservable Inputs** | &nbsp;&nbsp;**Total** |
| **ASSETS:** |  |  |  |  |
| <u>Investments at Value:\*</u> |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$6078524 | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$6078524 |
| Asset Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47399525 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47399525 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92992458 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92992458 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833699702 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833699702 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408106037 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408106037 |
| **Total Investments at Value** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$1388276246 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$1388276246 |
| <u>Other Financial Instruments:</u><u>†</u> |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;$89688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$89688 |
| **LIABILITIES:** |  |  |  |  |
| <u>Forward Sales Contracts:</u> |  |  |  |  |
| U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$11060859 | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$11060859 |
| <u>Other Financial Instruments:</u><u>†</u> |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;$3330316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$3330316 |

---

---

| | |
|:---|:---|
| \* | &nbsp;&nbsp;For a detailed presentation of investments, please refer to the Portfolio of Investments. |
| † | &nbsp;&nbsp;Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |

---

See Notes to Portfolio of Investments

------

#### SunAmerica Series Trust SA Wellington Capital Appreciation Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 101.2%** | **COMMON STOCKS — 101.2%** | **COMMON STOCKS — 101.2%** |
| **Aerospace/Defense — 0.8%** | **Aerospace/Defense — 0.8%** | **Aerospace/Defense — 0.8%** |
| &nbsp;&nbsp;&nbsp;RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;117129 | &nbsp;&nbsp;$19599196 |
| **Agriculture — 0.5%** | **Agriculture — 0.5%** | **Agriculture — 0.5%** |
| &nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70559 | &nbsp;&nbsp;&nbsp;&nbsp; 11444670 |
| **Apparel — 0.7%** | **Apparel — 0.7%** | **Apparel — 0.7%** |
| &nbsp;&nbsp;&nbsp;On Holding AG, Class A† | &nbsp;&nbsp;&nbsp;&nbsp;399537 | &nbsp;&nbsp;&nbsp;&nbsp; 16920392 |
| **Auto Manufacturers — 4.1%** | **Auto Manufacturers — 4.1%** | **Auto Manufacturers — 4.1%** |
| &nbsp;&nbsp;&nbsp;Tesla, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;229907 | &nbsp;&nbsp;&nbsp;&nbsp; 102244241 |
| **Commercial Services — 0.0%** | **Commercial Services — 0.0%** | **Commercial Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;Klarna Group PLC† | &nbsp;&nbsp;&nbsp;&nbsp;26000 | &nbsp;&nbsp;&nbsp;&nbsp; 952900 |
| **Computers — 5.4%** | **Computers — 5.4%** | **Computers — 5.4%** |
| &nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;480409 | &nbsp;&nbsp;&nbsp;&nbsp; 122326544 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;26213 | &nbsp;&nbsp;&nbsp;&nbsp; 12854331 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135180875 |
| **Diversified Financial Services — 4.0%** | **Diversified Financial Services — 4.0%** | **Diversified Financial Services — 4.0%** |
| &nbsp;&nbsp;&nbsp;Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;83270 | &nbsp;&nbsp;&nbsp;&nbsp; 28088636 |
| &nbsp;&nbsp;&nbsp;Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;547945 | &nbsp;&nbsp;&nbsp;&nbsp; 37704096 |
| &nbsp;&nbsp;&nbsp;Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;313378 | &nbsp;&nbsp;&nbsp;&nbsp; 34778690 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100571422 |
| **Electronics — 3.2%** | **Electronics — 3.2%** | **Electronics — 3.2%** |
| &nbsp;&nbsp;&nbsp;Celestica, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;120495 | &nbsp;&nbsp;&nbsp;&nbsp; 29687558 |
| &nbsp;&nbsp;&nbsp;Flex, Ltd.† | &nbsp;&nbsp;&nbsp;&nbsp;568136 | &nbsp;&nbsp;&nbsp;&nbsp; 32934844 |
| &nbsp;&nbsp;&nbsp;Trimble, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;217255 | &nbsp;&nbsp;&nbsp;&nbsp; 17738871 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80361273 |
| **Entertainment — 2.3%** | **Entertainment — 2.3%** | **Entertainment — 2.3%** |
| &nbsp;&nbsp;&nbsp;DraftKings, Inc., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;850962 | &nbsp;&nbsp;&nbsp;&nbsp; 31825979 |
| &nbsp;&nbsp;&nbsp;Live Nation Entertainment, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;165658 | &nbsp;&nbsp;&nbsp;&nbsp; 27068517 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58894496 |
| **Healthcare-Products — 2.6%** | **Healthcare-Products — 2.6%** | **Healthcare-Products — 2.6%** |
| &nbsp;&nbsp;&nbsp;Exact Sciences Corp.† | &nbsp;&nbsp;&nbsp;&nbsp;499038 | &nbsp;&nbsp;&nbsp;&nbsp; 27302369 |
| &nbsp;&nbsp;&nbsp;Natera, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;229248 | &nbsp;&nbsp;&nbsp;&nbsp; 36902051 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64204420 |
| **Internet — 25.6%** | **Internet — 25.6%** | **Internet — 25.6%** |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;666391 | &nbsp;&nbsp;&nbsp;&nbsp; 161999652 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;718455 | &nbsp;&nbsp;&nbsp;&nbsp; 157751164 |
| &nbsp;&nbsp;&nbsp;AppLovin Corp., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;39315 | &nbsp;&nbsp;&nbsp;&nbsp; 28249400 |
| &nbsp;&nbsp;&nbsp;Chewy, Inc., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;379122 | &nbsp;&nbsp;&nbsp;&nbsp; 15335485 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;155145 | &nbsp;&nbsp;&nbsp;&nbsp; 113935385 |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;72489 | &nbsp;&nbsp;&nbsp;&nbsp; 86908512 |
| &nbsp;&nbsp;&nbsp;Shopify, Inc., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;161231 | &nbsp;&nbsp;&nbsp;&nbsp; 23960539 |
| &nbsp;&nbsp;&nbsp;Spotify Technology SA† | &nbsp;&nbsp;&nbsp;&nbsp;48883 | &nbsp;&nbsp;&nbsp;&nbsp; 34120334 |
| &nbsp;&nbsp;&nbsp;Zillow Group, Inc., Class C† | &nbsp;&nbsp;&nbsp;&nbsp;279035 | &nbsp;&nbsp;&nbsp;&nbsp; 21499647 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643760118 |
| **Lodging — 1.1%** | **Lodging — 1.1%** | **Lodging — 1.1%** |
| &nbsp;&nbsp;&nbsp;Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;101842 | &nbsp;&nbsp;&nbsp;&nbsp; 26523730 |
| **Machinery-Construction & Mining — 2.0%** | **Machinery-Construction & Mining — 2.0%** | **Machinery-Construction & Mining — 2.0%** |
| &nbsp;&nbsp;&nbsp;GE Vernova, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60814 | &nbsp;&nbsp;&nbsp;&nbsp; 37394529 |
| &nbsp;&nbsp;&nbsp;Vertiv Holdings Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;86662 | &nbsp;&nbsp;&nbsp;&nbsp; 13073829 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50468358 |
| **Media — 2.1%** | **Media — 2.1%** | **Media — 2.1%** |
| &nbsp;&nbsp;&nbsp;Liberty Media Corp.-Liberty Formula One, Class C† | &nbsp;&nbsp;&nbsp;&nbsp;501385 | &nbsp;&nbsp;&nbsp;&nbsp; 52369663 |
| **Mining — 0.3%** | **Mining — 0.3%** | **Mining — 0.3%** |
| &nbsp;&nbsp;&nbsp;Cameco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;100090 | &nbsp;&nbsp;&nbsp;&nbsp; 8393547 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Pharmaceuticals — 4.1%** | **Pharmaceuticals — 4.1%** | **Pharmaceuticals — 4.1%** |
| &nbsp;&nbsp;&nbsp;AbbVie, Inc. | &nbsp;&nbsp; 162519 | &nbsp;&nbsp;$37629649 |
| &nbsp;&nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp; 86342 | &nbsp;&nbsp;&nbsp;&nbsp; 65878946 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103508595 |
| **Pipelines — 0.8%** | **Pipelines — 0.8%** | **Pipelines — 0.8%** |
| &nbsp;&nbsp;&nbsp;Targa Resources Corp. | &nbsp;&nbsp; 117862 | &nbsp;&nbsp;&nbsp;&nbsp; 19746599 |
| **Private Equity — 2.0%** | **Private Equity — 2.0%** | **Private Equity — 2.0%** |
| &nbsp;&nbsp;&nbsp;KKR & Co., Inc. | &nbsp;&nbsp; 384011 | &nbsp;&nbsp;&nbsp;&nbsp; 49902229 |
| **Retail — 1.5%** | **Retail — 1.5%** | **Retail — 1.5%** |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods, Inc. | &nbsp;&nbsp; 82011 | &nbsp;&nbsp;&nbsp;&nbsp; 18224485 |
| &nbsp;&nbsp;&nbsp;Home Depot, Inc. | &nbsp;&nbsp; 46732 | &nbsp;&nbsp;&nbsp;&nbsp; 18935339 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37159824 |
| **Semiconductors — 21.7%** | **Semiconductors — 21.7%** | **Semiconductors — 21.7%** |
| &nbsp;&nbsp;&nbsp;ARM Holdings PLC ADR† | &nbsp;&nbsp; 222130 | &nbsp;&nbsp;&nbsp;&nbsp; 31429174 |
| &nbsp;&nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp; 495955 | &nbsp;&nbsp;&nbsp;&nbsp; 163620514 |
| &nbsp;&nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;1880297 | &nbsp;&nbsp;&nbsp;&nbsp; 350825814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545875502 |
| **Software — 12.2%** | **Software — 12.2%** | **Software — 12.2%** |
| &nbsp;&nbsp;&nbsp;DocuSign, Inc.† | &nbsp;&nbsp; 264092 | &nbsp;&nbsp;&nbsp;&nbsp; 19038392 |
| &nbsp;&nbsp;&nbsp;HubSpot, Inc.† | &nbsp;&nbsp; 28218 | &nbsp;&nbsp;&nbsp;&nbsp; 13200380 |
| &nbsp;&nbsp;&nbsp;Magic Leap, Inc., Class A†(1)(2) | &nbsp;&nbsp; 186 | &nbsp;&nbsp;&nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp; 244329 | &nbsp;&nbsp;&nbsp;&nbsp; 126550206 |
| &nbsp;&nbsp;&nbsp;Oracle Corp. | &nbsp;&nbsp; 230552 | &nbsp;&nbsp;&nbsp;&nbsp; 64840445 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Inc., Class A† | &nbsp;&nbsp; 166319 | &nbsp;&nbsp;&nbsp;&nbsp; 30339912 |
| &nbsp;&nbsp;&nbsp;ROBLOX Corp., Class A† | &nbsp;&nbsp; 94884 | &nbsp;&nbsp;&nbsp;&nbsp; 13143332 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.† | &nbsp;&nbsp; 43118 | &nbsp;&nbsp;&nbsp;&nbsp; 39680633 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306793389 |
| **Telecommunications — 3.4%** | **Telecommunications — 3.4%** | **Telecommunications — 3.4%** |
| &nbsp;&nbsp;&nbsp;Arista Networks, Inc.† | &nbsp;&nbsp; 404241 | &nbsp;&nbsp;&nbsp;&nbsp; 58901956 |
| &nbsp;&nbsp;&nbsp;Corning, Inc. | &nbsp;&nbsp; 323516 | &nbsp;&nbsp;&nbsp;&nbsp; 26538018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85439974 |
| **Transportation — 0.8%** | **Transportation — 0.8%** | **Transportation — 0.8%** |
| &nbsp;&nbsp;&nbsp;C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp; 147255 | &nbsp;&nbsp;&nbsp;&nbsp; 19496562 |
| **Total Long-Term Investment Securities<br> (cost $1,704,620,417)** |  | &nbsp;&nbsp;&nbsp;&nbsp;2539811975 |
| **REPURCHASE AGREEMENTS — 0.2%** | **REPURCHASE AGREEMENTS — 0.2%** | **REPURCHASE AGREEMENTS — 0.2%** |
| &nbsp;&nbsp;&nbsp;Bank of America Securities LLC Joint Repurchase Agreement(3) | $945000 | &nbsp;&nbsp;&nbsp;&nbsp; 945000 |
| &nbsp;&nbsp;&nbsp;Barclays Capital, Inc. Joint Repurchase Agreement(3) | &nbsp;&nbsp;1310000 | &nbsp;&nbsp;&nbsp;&nbsp; 1310000 |
| &nbsp;&nbsp;&nbsp;BNP Paribas SA Joint Repurchase Agreement(3) | &nbsp;&nbsp;1295000 | &nbsp;&nbsp;&nbsp;&nbsp; 1295000 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Joint Repurchase Agreement(3) | &nbsp;&nbsp; 945000 | &nbsp;&nbsp;&nbsp;&nbsp; 945000 |

---

------

#### SunAmerica Series Trust SA Wellington Capital Appreciation Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **REPURCHASE AGREEMENTS (continued)** | **REPURCHASE AGREEMENTS (continued)** |  |
| &nbsp;&nbsp;&nbsp;RBS Securities, Inc. Joint Repurchase Agreement(3) | $945000 | &nbsp;&nbsp;$945000 |
| **Total Repurchase Agreements<br> (cost $5,440,000)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5440000 |
| **TOTAL INVESTMENTS<br> (cost $1,710,060,417)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101.4% | &nbsp;&nbsp;&nbsp;&nbsp;2545251975 |
| Other assets less liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34454692) |
| **NET ASSETS** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% | &nbsp;&nbsp;$2510797283 |

---

† Non-income producing security

(1) Securities classified as Level 3 (see Note 1).

(2) Denotes a restricted security that: (a) cannot be offered for public sale without first being registered, or being able to take advantage of an exemption from
registration, under the Securities Act of 1933, as amended (the "1933 Act"); (b) is subject to a contractual restriction on public sales; or (c) is otherwise subject to a restriction on sales by operation
of applicable law. Restricted securities are valued pursuant to Note 1. Certain restricted securities held by the Portfolio may not be sold except in exempt transactions or in a public offering registered
under the 1933 Act. The Portfolio has no right to demand registration of these securities. The risk of investing in certain restricted securities is greater than the risk of investing in the securities of widely held,
publicly traded companies. To the extent applicable, lack of a secondary market and resale restrictions may result in the inability of a Portfolio to sell a security at a fair price and may substantially delay the
sale of the security. In addition, certain restricted securities may exhibit greater price volatility than securities for which secondary markets exist. As of September 30, 2025, the Portfolio held the following
restricted securities:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Acquisition<br> Date** | **Shares or<br> Principal<br> Amount** | **Acquisition<br> Cost** | **Value** | **Value<br> Per Share** | **% of<br> Net Assets** |
| **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** |
| Magic Leap, Inc., Class A | 12/28/15 | 186 | $2157962 | $89 | $0.48 | 0.0% |

---

(3) See Note 2 for details of Joint Repurchase Agreements.

ADR—American Depositary Receipt

The following is a summary of the inputs used to value the Portfolio's net assets as of September 30, 2025 (see Note 1):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1 - Unadjusted<br> Quoted Prices** | &nbsp;&nbsp;**Level 2 - Other<br> Observable Inputs** | &nbsp;&nbsp;**Level 3 - Significant<br> Unobservable Inputs** | &nbsp;&nbsp;**Total** |
| **ASSETS:** |  |  |  |  |
| <u>Investments at Value:\*</u> |  |  |  |  |
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Software | &nbsp;&nbsp;$306793300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$89 | &nbsp;&nbsp;$306793389 |
| &nbsp;&nbsp;&nbsp;Other Industries | &nbsp;&nbsp;&nbsp;&nbsp;2233018586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2233018586 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;5440000 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5440000 |
| **Total Investments at Value** | &nbsp;&nbsp;$2539811886 | &nbsp;&nbsp;$5440000 | &nbsp;&nbsp;$89 | &nbsp;&nbsp;$2545251975 |

---

\* For a detailed presentation of investments, please refer to the Portfolio of Investments.

Level 3 investments in securities were not considered a significant portion of the Portfolio's net assets.

See Notes to Portfolio of Investments

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 63.7%** | **COMMON STOCKS — 63.7%** | **COMMON STOCKS — 63.7%** |
| **Aerospace/Defense — 2.3%** | **Aerospace/Defense — 2.3%** | **Aerospace/Defense — 2.3%** |
| &nbsp;&nbsp;&nbsp;BAE Systems PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39502 | &nbsp;&nbsp;$1093869 |
| &nbsp;&nbsp;&nbsp;Boeing Co.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8073 | &nbsp;&nbsp;&nbsp;&nbsp; 1742396 |
| &nbsp;&nbsp;&nbsp;Rheinmetall AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp; 1153302 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3989567 |
| **Agriculture — 0.7%** | **Agriculture — 0.7%** | **Agriculture — 0.7%** |
| &nbsp;&nbsp;&nbsp;British American Tobacco PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22187 | &nbsp;&nbsp;&nbsp;&nbsp; 1177756 |
| **Apparel — 0.8%** | **Apparel — 0.8%** | **Apparel — 0.8%** |
| &nbsp;&nbsp;&nbsp;adidas AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6911 | &nbsp;&nbsp;&nbsp;&nbsp; 1455627 |
| **Auto Manufacturers — 1.3%** | **Auto Manufacturers — 1.3%** | **Auto Manufacturers — 1.3%** |
| &nbsp;&nbsp;&nbsp;Ferrari NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2590 | &nbsp;&nbsp;&nbsp;&nbsp; 1251590 |
| &nbsp;&nbsp;&nbsp;Tesla, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2266 | &nbsp;&nbsp;&nbsp;&nbsp; 1007735 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2259325 |
| **Banks — 4.4%** | **Banks — 4.4%** | **Banks — 4.4%** |
| &nbsp;&nbsp;&nbsp;Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25533 | &nbsp;&nbsp;&nbsp;&nbsp; 1357334 |
| &nbsp;&nbsp;&nbsp;HDFC Bank, Ltd. ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35284 | &nbsp;&nbsp;&nbsp;&nbsp; 1205302 |
| &nbsp;&nbsp;&nbsp;Societe Generale SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23187 | &nbsp;&nbsp;&nbsp;&nbsp; 1534272 |
| &nbsp;&nbsp;&nbsp;Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41200 | &nbsp;&nbsp;&nbsp;&nbsp; 1197679 |
| &nbsp;&nbsp;&nbsp;Wells Fargo & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29433 | &nbsp;&nbsp;&nbsp;&nbsp; 2467074 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7761661 |
| **Chemicals — 0.8%** | **Chemicals — 0.8%** | **Chemicals — 0.8%** |
| &nbsp;&nbsp;&nbsp;Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2989 | &nbsp;&nbsp;&nbsp;&nbsp; 1427558 |
| **Computers — 1.9%** | **Computers — 1.9%** | **Computers — 1.9%** |
| &nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12989 | &nbsp;&nbsp;&nbsp;&nbsp; 3307389 |
| **Cosmetics/Personal Care — 1.6%** | **Cosmetics/Personal Care — 1.6%** | **Cosmetics/Personal Care — 1.6%** |
| &nbsp;&nbsp;&nbsp;Haleon PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272112 | &nbsp;&nbsp;&nbsp;&nbsp; 1216462 |
| &nbsp;&nbsp;&nbsp;Unilever PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27088 | &nbsp;&nbsp;&nbsp;&nbsp; 1602948 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2819410 |
| **Distribution/Wholesale — 2.1%** | **Distribution/Wholesale — 2.1%** | **Distribution/Wholesale — 2.1%** |
| &nbsp;&nbsp;&nbsp;ITOCHU Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24300 | &nbsp;&nbsp;&nbsp;&nbsp; 1384534 |
| &nbsp;&nbsp;&nbsp;RB Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11530 | &nbsp;&nbsp;&nbsp;&nbsp; 1248855 |
| &nbsp;&nbsp;&nbsp;WESCO International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5031 | &nbsp;&nbsp;&nbsp;&nbsp; 1064057 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3697446 |
| **Diversified Financial Services — 1.8%** | **Diversified Financial Services — 1.8%** | **Diversified Financial Services — 1.8%** |
| &nbsp;&nbsp;&nbsp;Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14116 | &nbsp;&nbsp;&nbsp;&nbsp; 1248560 |
| &nbsp;&nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5730 | &nbsp;&nbsp;&nbsp;&nbsp; 1956108 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3204668 |
| **Electric — 0.6%** | **Electric — 0.6%** | **Electric — 0.6%** |
| &nbsp;&nbsp;&nbsp;E.ON SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54322 | &nbsp;&nbsp;&nbsp;&nbsp; 1021385 |
| **Entertainment — 0.7%** | **Entertainment — 0.7%** | **Entertainment — 0.7%** |
| &nbsp;&nbsp;&nbsp;Live Nation Entertainment, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7375 | &nbsp;&nbsp;&nbsp;&nbsp; 1205075 |
| **Environmental Control — 1.2%** | **Environmental Control — 1.2%** | **Environmental Control — 1.2%** |
| &nbsp;&nbsp;&nbsp;Clean Harbors, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6007 | &nbsp;&nbsp;&nbsp;&nbsp; 1394946 |
| &nbsp;&nbsp;&nbsp;GFL Environmental, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14240 | &nbsp;&nbsp;&nbsp;&nbsp; 674691 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2069637 |
| **Food — 0.8%** | **Food — 0.8%** | **Food — 0.8%** |
| &nbsp;&nbsp;&nbsp;US Foods Holding Corp.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17776 | &nbsp;&nbsp;&nbsp;&nbsp; 1361997 |
| **Gas — 0.8%** | **Gas — 0.8%** | **Gas — 0.8%** |
| &nbsp;&nbsp;&nbsp;Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7849 | &nbsp;&nbsp;&nbsp;&nbsp; 1340217 |
| **Healthcare-Products — 1.5%** | **Healthcare-Products — 1.5%** | **Healthcare-Products — 1.5%** |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1592 | &nbsp;&nbsp;&nbsp;&nbsp; 1017113 |
| &nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3212 | &nbsp;&nbsp;&nbsp;&nbsp; 1557884 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2574997 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Healthcare-Services — 0.5%** | **Healthcare-Services — 0.5%** | **Healthcare-Services — 0.5%** |
| &nbsp;&nbsp;&nbsp;Elevance Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2655 | &nbsp;&nbsp;$857884 |
| **Home Furnishings — 0.8%** | **Home Furnishings — 0.8%** | **Home Furnishings — 0.8%** |
| &nbsp;&nbsp;&nbsp;Sony Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49100 | &nbsp;&nbsp;&nbsp;&nbsp; 1414051 |
| **Insurance — 2.7%** | **Insurance — 2.7%** | **Insurance — 2.7%** |
| &nbsp;&nbsp;&nbsp;AIA Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141200 | &nbsp;&nbsp;&nbsp;&nbsp; 1354491 |
| &nbsp;&nbsp;&nbsp;Allianz SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3209 | &nbsp;&nbsp;&nbsp;&nbsp; 1346515 |
| &nbsp;&nbsp;&nbsp;Berkshire Hathaway, Inc., Class B† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3822 | &nbsp;&nbsp;&nbsp;&nbsp; 1921472 |
| &nbsp;&nbsp;&nbsp;Sony Financial Holdings, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49100 | &nbsp;&nbsp;&nbsp;&nbsp; 54450 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4676928 |
| **Internet — 10.8%** | **Internet — 10.8%** | **Internet — 10.8%** |
| &nbsp;&nbsp;&nbsp;Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21862 | &nbsp;&nbsp;&nbsp;&nbsp; 5324490 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20291 | &nbsp;&nbsp;&nbsp;&nbsp; 4455295 |
| &nbsp;&nbsp;&nbsp;DoorDash, Inc., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3806 | &nbsp;&nbsp;&nbsp;&nbsp; 1035194 |
| &nbsp;&nbsp;&nbsp;MercadoLibre, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468 | &nbsp;&nbsp;&nbsp;&nbsp; 1093688 |
| &nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1780 | &nbsp;&nbsp;&nbsp;&nbsp; 1307196 |
| &nbsp;&nbsp;&nbsp;Rakuten Group, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193800 | &nbsp;&nbsp;&nbsp;&nbsp; 1257928 |
| &nbsp;&nbsp;&nbsp;Shopify, Inc., Class A† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7958 | &nbsp;&nbsp;&nbsp;&nbsp; 1182292 |
| &nbsp;&nbsp;&nbsp;Tencent Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21144 | &nbsp;&nbsp;&nbsp;&nbsp; 1801409 |
| &nbsp;&nbsp;&nbsp;Uber Technologies, Inc.† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15621 | &nbsp;&nbsp;&nbsp;&nbsp; 1530389 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;18987881 |
| **Lodging — 0.7%** | **Lodging — 0.7%** | **Lodging — 0.7%** |
| &nbsp;&nbsp;&nbsp;Accor SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26470 | &nbsp;&nbsp;&nbsp;&nbsp; 1252408 |
| **Machinery-Diversified — 1.7%** | **Machinery-Diversified — 1.7%** | **Machinery-Diversified — 1.7%** |
| &nbsp;&nbsp;&nbsp;Deere & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1555 | &nbsp;&nbsp;&nbsp;&nbsp; 711039 |
| &nbsp;&nbsp;&nbsp;Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16311 | &nbsp;&nbsp;&nbsp;&nbsp; 1347615 |
| &nbsp;&nbsp;&nbsp;Keyence Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2622 | &nbsp;&nbsp;&nbsp;&nbsp; 978341 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3036995 |
| **Mining — 0.8%** | **Mining — 0.8%** | **Mining — 0.8%** |
| &nbsp;&nbsp;&nbsp;Anglo American PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36803 | &nbsp;&nbsp;&nbsp;&nbsp; 1378473 |
| **Miscellaneous Manufacturing — 0.8%** | **Miscellaneous Manufacturing — 0.8%** | **Miscellaneous Manufacturing — 0.8%** |
| &nbsp;&nbsp;&nbsp;Siemens AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5115 | &nbsp;&nbsp;&nbsp;&nbsp; 1376408 |
| **Oil & Gas Services — 0.6%** | **Oil & Gas Services — 0.6%** | **Oil & Gas Services — 0.6%** |
| &nbsp;&nbsp;&nbsp;Saipem SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358550 | &nbsp;&nbsp;&nbsp;&nbsp; 1034288 |
| **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** |
| &nbsp;&nbsp;&nbsp;AstraZeneca PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9574 | &nbsp;&nbsp;&nbsp;&nbsp; 1439802 |
| &nbsp;&nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2042 | &nbsp;&nbsp;&nbsp;&nbsp; 1558046 |
| &nbsp;&nbsp;&nbsp;Teva Pharmaceutical Industries, Ltd. ADR† | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60375 | &nbsp;&nbsp;&nbsp;&nbsp; 1219575 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4217423 |
| **Pipelines — 0.8%** | **Pipelines — 0.8%** | **Pipelines — 0.8%** |
| &nbsp;&nbsp;&nbsp;Targa Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8061 | &nbsp;&nbsp;&nbsp;&nbsp; 1350540 |
| **Real Estate — 0.7%** | **Real Estate — 0.7%** | **Real Estate — 0.7%** |
| &nbsp;&nbsp;&nbsp;Mitsui Fudosan Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112300 | &nbsp;&nbsp;&nbsp;&nbsp; 1224870 |
| **REITS — 0.7%** | **REITS — 0.7%** | **REITS — 0.7%** |
| &nbsp;&nbsp;&nbsp;American Tower Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6354 | &nbsp;&nbsp;&nbsp;&nbsp; 1222001 |
| **Retail — 0.4%** | **Retail — 0.4%** | **Retail — 0.4%** |
| &nbsp;&nbsp;&nbsp;Fast Retailing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2601 | &nbsp;&nbsp;&nbsp;&nbsp; 792163 |
| **Semiconductors — 9.1%** | **Semiconductors — 9.1%** | **Semiconductors — 9.1%** |
| &nbsp;&nbsp;&nbsp;ASML Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2141 | &nbsp;&nbsp;&nbsp;&nbsp; 2081547 |
| &nbsp;&nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5489 | &nbsp;&nbsp;&nbsp;&nbsp; 1810876 |
| &nbsp;&nbsp;&nbsp;Infineon Technologies AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30391 | &nbsp;&nbsp;&nbsp;&nbsp; 1184595 |
| &nbsp;&nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36260 | &nbsp;&nbsp;&nbsp;&nbsp; 6765391 |
| &nbsp;&nbsp;&nbsp;SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5634 | &nbsp;&nbsp;&nbsp;&nbsp; 1395399 |
| &nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63198 | &nbsp;&nbsp;&nbsp;&nbsp; 2705998 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15943806 |

---

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **Software — 4.8%** | **Software — 4.8%** | **Software — 4.8%** |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp; 11449 | &nbsp;&nbsp;$5930009 |
| &nbsp;&nbsp;&nbsp;Roper Technologies, Inc. | &nbsp;&nbsp; 2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1013837 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.† | &nbsp;&nbsp; 1681 | &nbsp;&nbsp;&nbsp;&nbsp; 1546991 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8490837 |
| **Telecommunications — 2.1%** | **Telecommunications — 2.1%** | **Telecommunications — 2.1%** |
| &nbsp;&nbsp;&nbsp;KT Corp. ADR | &nbsp;&nbsp; 63000 | &nbsp;&nbsp;&nbsp;&nbsp; 1228500 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | &nbsp;&nbsp; 2650 | &nbsp;&nbsp;&nbsp;&nbsp; 1211819 |
| &nbsp;&nbsp;&nbsp;Orange SA | &nbsp;&nbsp; 74112 | &nbsp;&nbsp;&nbsp;&nbsp; 1201625 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3641944 |
| **Total Common Stocks<br> (cost $80,549,999)** |  | &nbsp;&nbsp;&nbsp;&nbsp;111572615 |
| **CORPORATE BONDS & NOTES — 1.5%** | **CORPORATE BONDS & NOTES — 1.5%** | **CORPORATE BONDS & NOTES — 1.5%** |
| **Banks — 0.3%** | **Banks — 0.3%** | **Banks — 0.3%** |
| &nbsp;&nbsp;&nbsp;Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.62%, 05/09/2029 | $115000 | &nbsp;&nbsp;&nbsp;&nbsp; 116425 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.44%, 06/09/2028 | &nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp; 176200 |
| &nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.51%, 09/11/2027 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 125378 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.48%, 08/23/2028 | &nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 25156 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.85%, 07/25/2028 | &nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp; 96256 |
| &nbsp;&nbsp;&nbsp;State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.27%, 08/03/2026 | &nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp; 55521 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594936 |
| **Biotechnology — 0.0%** | **Biotechnology — 0.0%** | **Biotechnology — 0.0%** |
| &nbsp;&nbsp;&nbsp;Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15%, 03/02/2028 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 51167 |
| **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |
| &nbsp;&nbsp;&nbsp;American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.73%, 04/25/2029 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 76182 |
| **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** |
| &nbsp;&nbsp;&nbsp;Eversource Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 05/15/2026 | &nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 25073 |
| &nbsp;&nbsp;&nbsp;Pacific Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.15%, 03/01/2055 | &nbsp;&nbsp; 46000 | &nbsp;&nbsp;&nbsp;&nbsp; 46262 |
| &nbsp;&nbsp;&nbsp;Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.90%, 03/01/2055 | &nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp; 59198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 09/15/2055 | &nbsp;&nbsp; 9000 | &nbsp;&nbsp;&nbsp;&nbsp; 9073 |
| &nbsp;&nbsp;&nbsp;Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/15/2029 | &nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 83182 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222788 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| &nbsp;&nbsp;&nbsp;Veralto Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 09/18/2026 | &nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 80966 |
| **Healthcare-Services — 0.0%** | **Healthcare-Services — 0.0%** | **Healthcare-Services — 0.0%** |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25%, 01/15/2026 | &nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 14865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 02/15/2028 | &nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 41072 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55937 |
| **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** |
| &nbsp;&nbsp;&nbsp;New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/06/2029\* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp; 128547 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |
| &nbsp;&nbsp;&nbsp;John Deere Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 06/08/2026 |  | $50000 | &nbsp;&nbsp;$50301 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| &nbsp;&nbsp;&nbsp;Comcast Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zero Coupon, 09/14/2026 | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 114887 |
| **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** |
| &nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 04/18/2027 |  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp; 116651 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| &nbsp;&nbsp;&nbsp;Eli Lilly & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/27/2026 |  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 150023 |
| &nbsp;&nbsp;&nbsp;Pfizer Investment Enterprises Pte., Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.45%, 05/19/2026 |  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 75147 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225170 |
| **Pipelines — 0.2%** | **Pipelines — 0.2%** | **Pipelines — 0.2%** | **Pipelines — 0.2%** |
| &nbsp;&nbsp;&nbsp;Columbia Pipelines Holding Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.06%, 08/15/2026\* |  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 50673 |
| &nbsp;&nbsp;&nbsp;Enbridge, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 04/05/2027 |  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp; 86285 |
| &nbsp;&nbsp;&nbsp;Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 04/01/2030 |  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 25777 |
| &nbsp;&nbsp;&nbsp;ONEOK, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 09/24/2027 |  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 200217 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362952 |
| **Semiconductors — 0.0%** | **Semiconductors — 0.0%** | **Semiconductors — 0.0%** | **Semiconductors — 0.0%** |
| &nbsp;&nbsp;&nbsp;Intel Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 02/10/2026 |  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 60121 |
| **Telecommunications — 0.3%** | **Telecommunications — 0.3%** | **Telecommunications — 0.3%** | **Telecommunications — 0.3%** |
| &nbsp;&nbsp;&nbsp;AT&T, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.65%, 02/01/2028 |  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 75737 |
| &nbsp;&nbsp;&nbsp;Cisco Systems, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 02/26/2027 |  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp; 80960 |
| &nbsp;&nbsp;&nbsp;NTT Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.57%, 07/16/2027\* |  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 201442 |
| &nbsp;&nbsp;&nbsp;Verizon Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10%, 03/22/2028 |  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp; 100154 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458293 |
| **Total Corporate Bonds & Notes<br> (cost $2,583,872)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2598898 |
| **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 13.9%** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 13.9%** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 13.9%** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS — 13.9%** |
| **U.S. Government — 13.9%** | **U.S. Government — 13.9%** | **U.S. Government — 13.9%** | **U.S. Government — 13.9%** |
| &nbsp;&nbsp;&nbsp;United States Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.38%, 11/15/2040 |  | &nbsp;&nbsp; 573000 | &nbsp;&nbsp;&nbsp;&nbsp; 373838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 08/15/2041 |  | &nbsp;&nbsp; 1733000 | &nbsp;&nbsp;&nbsp;&nbsp; 1175868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 08/15/2051 |  | &nbsp;&nbsp; 3431000 | &nbsp;&nbsp;&nbsp;&nbsp; 2010084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 05/15/2051 |  | &nbsp;&nbsp; 59000 | &nbsp;&nbsp;&nbsp;&nbsp; 37958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 02/15/2048 |  | &nbsp;&nbsp; 575500 | &nbsp;&nbsp;&nbsp;&nbsp; 434592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.13%, 11/15/2041 |  | &nbsp;&nbsp; 251000 | &nbsp;&nbsp;&nbsp;&nbsp; 209075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 02/15/2039 |  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp; 237859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 08/15/2041 |  | &nbsp;&nbsp; 403000 | &nbsp;&nbsp;&nbsp;&nbsp; 366242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 02/15/2036 |  | &nbsp;&nbsp; 122000 | &nbsp;&nbsp;&nbsp;&nbsp; 126003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/2037 |  | &nbsp;&nbsp; 271000 | &nbsp;&nbsp;&nbsp;&nbsp; 290542 |
| &nbsp;&nbsp;&nbsp;United States Treasury Bonds TIPS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 02/15/2055(1) |  | &nbsp;&nbsp; 70636 | &nbsp;&nbsp;&nbsp;&nbsp; 68953 |
| &nbsp;&nbsp;&nbsp;United States Treasury Notes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75%, 08/31/2026 |  | &nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp;&nbsp; 452550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25%, 08/15/2031 |  | &nbsp;&nbsp; 853000 | &nbsp;&nbsp;&nbsp;&nbsp; 737712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.63%, 10/31/2026(2) |  | &nbsp;&nbsp; 1028000 | &nbsp;&nbsp;&nbsp;&nbsp; 1005512 |

---

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **U.S. GOVERNMENT & AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT & AGENCY OBLIGATIONS (continued)** |
| **U.S. Government (continued)** | **U.S. Government (continued)** | **U.S. Government (continued)** | **U.S. Government (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 05/15/2029 |  | $807000 | &nbsp;&nbsp;$771820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 01/31/2030(2) |  | &nbsp;&nbsp; 2486000 | &nbsp;&nbsp;&nbsp;&nbsp; 2464927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 05/15/2028 |  | &nbsp;&nbsp; 216000 | &nbsp;&nbsp;&nbsp;&nbsp; 216692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 05/31/2027 to 06/30/2030 |  | &nbsp;&nbsp; 3679000 | &nbsp;&nbsp;&nbsp;&nbsp; 3697861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 02/28/2027 to 11/15/2032 |  | &nbsp;&nbsp; 1801000 | &nbsp;&nbsp;&nbsp;&nbsp; 1816363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 11/30/2026 to 05/15/2035 |  | &nbsp;&nbsp; 3317000 | &nbsp;&nbsp;&nbsp;&nbsp; 3347924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/31/2029 |  | &nbsp;&nbsp; 1883000 | &nbsp;&nbsp;&nbsp;&nbsp; 1935812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 02/15/2035 |  | &nbsp;&nbsp; 1109000 | &nbsp;&nbsp;&nbsp;&nbsp; 1152494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 10/31/2028 |  | &nbsp;&nbsp; 1397000 | &nbsp;&nbsp;&nbsp;&nbsp; 1446768 |
| **Total U.S. Government & Agency Obligations<br> (cost $24,983,862)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;24377449 |
| **FOREIGN GOVERNMENT OBLIGATIONS — 13.2%** | **FOREIGN GOVERNMENT OBLIGATIONS — 13.2%** | **FOREIGN GOVERNMENT OBLIGATIONS — 13.2%** | **FOREIGN GOVERNMENT OBLIGATIONS — 13.2%** |
| **Sovereign — 13.2%** | **Sovereign — 13.2%** | **Sovereign — 13.2%** | **Sovereign — 13.2%** |
| &nbsp;&nbsp;&nbsp;Commonwealth of Australia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00%, 12/21/2030 | &nbsp;&nbsp;AUD | &nbsp;&nbsp; 359000 | &nbsp;&nbsp;&nbsp;&nbsp; 206757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 06/21/2051 | &nbsp;&nbsp;AUD | &nbsp;&nbsp; 468000 | &nbsp;&nbsp;&nbsp;&nbsp; 164955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 06/21/2051 | &nbsp;&nbsp;AUD | &nbsp;&nbsp; 94000 | &nbsp;&nbsp;&nbsp;&nbsp; 33132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 06/21/2035 | &nbsp;&nbsp;AUD | &nbsp;&nbsp; 34000 | &nbsp;&nbsp;&nbsp;&nbsp; 19742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 06/21/2054 | &nbsp;&nbsp;AUD | &nbsp;&nbsp; 555000 | &nbsp;&nbsp;&nbsp;&nbsp; 355257 |
| &nbsp;&nbsp;&nbsp;Czech Republic |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, 04/24/2040 | &nbsp;&nbsp;CZK | &nbsp;&nbsp; 1290000 | &nbsp;&nbsp;&nbsp;&nbsp; 40890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 05/30/2035 | &nbsp;&nbsp;CZK | &nbsp;&nbsp; 720000 | &nbsp;&nbsp;&nbsp;&nbsp; 31940 |
| &nbsp;&nbsp;&nbsp;Federal Republic of Germany |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zero Coupon, 08/15/2052 | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 637000 | &nbsp;&nbsp;&nbsp;&nbsp; 317089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00%, 05/15/2038 | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp; 412204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20%, 02/15/2034 | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 224000 | &nbsp;&nbsp;&nbsp;&nbsp; 255253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.60%, 05/15/2041 | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 203000 | &nbsp;&nbsp;&nbsp;&nbsp; 224405 |
| &nbsp;&nbsp;&nbsp;Government of Canada |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 12/01/2053 | &nbsp;&nbsp;CAD | &nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp; 86781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 03/01/2030 | &nbsp;&nbsp;CAD | &nbsp;&nbsp; 902000 | &nbsp;&nbsp;&nbsp;&nbsp; 649768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 09/01/2028 | &nbsp;&nbsp;CAD | &nbsp;&nbsp; 211000 | &nbsp;&nbsp;&nbsp;&nbsp; 154644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 06/01/2035 | &nbsp;&nbsp;CAD | &nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp; 184400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 06/01/2041 | &nbsp;&nbsp;CAD | &nbsp;&nbsp; 158000 | &nbsp;&nbsp;&nbsp;&nbsp; 121257 |
| &nbsp;&nbsp;&nbsp;Government of France |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 09/24/2027\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 559000 | &nbsp;&nbsp;&nbsp;&nbsp; 660443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 02/25/2029\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 628000 | &nbsp;&nbsp;&nbsp;&nbsp; 744043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 02/25/2030\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 235812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 05/25/2033\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 204000 | &nbsp;&nbsp;&nbsp;&nbsp; 236424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 11/25/2034\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 547000 | &nbsp;&nbsp;&nbsp;&nbsp; 622284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 05/25/2055\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 377000 | &nbsp;&nbsp;&nbsp;&nbsp; 362659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.60%, 05/25/2042\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp; 526000 | &nbsp;&nbsp;&nbsp;&nbsp; 588223 |
| &nbsp;&nbsp;&nbsp;Government of Japan |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40%, 12/20/2049 | &nbsp;&nbsp;JPY | &nbsp;&nbsp; 99350000 | &nbsp;&nbsp;&nbsp;&nbsp; 384810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40%, 03/20/2056 | &nbsp;&nbsp;JPY | &nbsp;&nbsp; 37200000 | &nbsp;&nbsp;&nbsp;&nbsp; 121668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50%, 12/20/2032 | &nbsp;&nbsp;JPY | &nbsp;&nbsp; 39100000 | &nbsp;&nbsp;&nbsp;&nbsp; 247460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80%, 09/20/2047 | &nbsp;&nbsp;JPY | &nbsp;&nbsp; 88350000 | &nbsp;&nbsp;&nbsp;&nbsp; 408978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00%, 03/20/2062 | &nbsp;&nbsp;JPY | &nbsp;&nbsp; 46700000 | &nbsp;&nbsp;&nbsp;&nbsp; 169448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.40%, 03/20/2035 | &nbsp;&nbsp;JPY | &nbsp;&nbsp; 47650000 | &nbsp;&nbsp;&nbsp;&nbsp; 315888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30%, 03/20/2040 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;224850000 | &nbsp;&nbsp;&nbsp;&nbsp; 1546590 |
| &nbsp;&nbsp;&nbsp;Government of Malaysia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.52%, 04/20/2028 | &nbsp;&nbsp;MYR | &nbsp;&nbsp; 313000 | &nbsp;&nbsp;&nbsp;&nbsp; 75058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.83%, 07/05/2034 | &nbsp;&nbsp;MYR | &nbsp;&nbsp; 132000 | &nbsp;&nbsp;&nbsp;&nbsp; 32185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.89%, 08/15/2029 | &nbsp;&nbsp;MYR | &nbsp;&nbsp; 172000 | &nbsp;&nbsp;&nbsp;&nbsp; 41841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.46%, 03/31/2053 | &nbsp;&nbsp;MYR | &nbsp;&nbsp; 144000 | &nbsp;&nbsp;&nbsp;&nbsp; 36797 |
| &nbsp;&nbsp;&nbsp;Government of New Zealand |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 05/15/2032 | &nbsp;&nbsp;NZD | &nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp; 176571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 05/15/2051 | &nbsp;&nbsp;NZD | &nbsp;&nbsp; 178000 | &nbsp;&nbsp;&nbsp;&nbsp; 69402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/15/2030 | &nbsp;&nbsp;NZD | &nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp;&nbsp; 79621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 05/15/2035 | &nbsp;&nbsp;NZD | &nbsp;&nbsp; 328000 | &nbsp;&nbsp;&nbsp;&nbsp; 194626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/2054 | &nbsp;&nbsp;NZD | &nbsp;&nbsp; 142000 | &nbsp;&nbsp;&nbsp;&nbsp; 81556 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **Sovereign (continued)** | **Sovereign (continued)** | **Sovereign (continued)** | **Sovereign (continued)** |
| &nbsp;&nbsp;&nbsp;Kingdom of Belgium |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.60%, 10/22/2030\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223000 | &nbsp;&nbsp;$261502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10%, 06/22/2035\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174000 | &nbsp;&nbsp;&nbsp;&nbsp; 201637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45%, 06/22/2043\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123000 | &nbsp;&nbsp;&nbsp;&nbsp; 137018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 06/22/2055\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93000 | &nbsp;&nbsp;&nbsp;&nbsp; 96444 |
| &nbsp;&nbsp;&nbsp;Kingdom of Denmark |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/15/2039 | &nbsp;&nbsp;DKK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532000 | &nbsp;&nbsp;&nbsp;&nbsp; 101382 |
| &nbsp;&nbsp;&nbsp;Kingdom of Norway |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 05/31/2039\* | &nbsp;&nbsp;NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165000 | &nbsp;&nbsp;&nbsp;&nbsp; 15727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 06/12/2035\* | &nbsp;&nbsp;NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238000 | &nbsp;&nbsp;&nbsp;&nbsp; 23283 |
| &nbsp;&nbsp;&nbsp;Kingdom of Spain |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.90%, 10/31/2052\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp; 169048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40%, 05/31/2028 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346000 | &nbsp;&nbsp;&nbsp;&nbsp; 407836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.70%, 01/31/2030 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719000 | &nbsp;&nbsp;&nbsp;&nbsp; 850869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.20%, 10/31/2035\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447000 | &nbsp;&nbsp;&nbsp;&nbsp; 522486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45%, 07/30/2043\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128000 | &nbsp;&nbsp;&nbsp;&nbsp; 143277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 01/31/2041\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142000 | &nbsp;&nbsp;&nbsp;&nbsp; 162481 |
| &nbsp;&nbsp;&nbsp;Kingdom of Sweden |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 05/11/2035 | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555000 | &nbsp;&nbsp;&nbsp;&nbsp; 57153 |
| &nbsp;&nbsp;&nbsp;Kingdom of the Netherlands |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zero Coupon, 01/15/2038\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418000 | &nbsp;&nbsp;&nbsp;&nbsp; 337661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 01/15/2030\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp; 295371 |
| &nbsp;&nbsp;&nbsp;Republic of Austria |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.85%, 05/23/2049\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176000 | &nbsp;&nbsp;&nbsp;&nbsp; 149667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.95%, 02/20/2035\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111000 | &nbsp;&nbsp;&nbsp;&nbsp; 129711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.45%, 10/20/2030\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175000 | &nbsp;&nbsp;&nbsp;&nbsp; 214451 |
| &nbsp;&nbsp;&nbsp;Republic of Finland |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.88%, 04/15/2029\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99000 | &nbsp;&nbsp;&nbsp;&nbsp; 118322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.95%, 04/15/2055\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp; 22193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 09/15/2035\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp; 139870 |
| &nbsp;&nbsp;&nbsp;Republic of Hungary |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 03/23/2028 | &nbsp;&nbsp;HUF | &nbsp;&nbsp;&nbsp;&nbsp;9630000 | &nbsp;&nbsp;&nbsp;&nbsp; 27764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.00%, 10/24/2035 | &nbsp;&nbsp;HUF | &nbsp;&nbsp;&nbsp;&nbsp;5750000 | &nbsp;&nbsp;&nbsp;&nbsp; 17465 |
| &nbsp;&nbsp;&nbsp;Republic of Ireland |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20%, 10/18/2030 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191000 | &nbsp;&nbsp;&nbsp;&nbsp; 200256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.15%, 10/18/2055 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44000 | &nbsp;&nbsp;&nbsp;&nbsp; 46672 |
| &nbsp;&nbsp;&nbsp;Republic of Italy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.70%, 10/01/2030\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715000 | &nbsp;&nbsp;&nbsp;&nbsp; 835689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10%, 08/28/2026 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;1009000 | &nbsp;&nbsp;&nbsp;&nbsp; 1195613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 11/15/2032\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268000 | &nbsp;&nbsp;&nbsp;&nbsp; 316414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.85%, 10/01/2040\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793000 | &nbsp;&nbsp;&nbsp;&nbsp; 920233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10%, 04/30/2046\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp; 35067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 10/01/2055\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134000 | &nbsp;&nbsp;&nbsp;&nbsp; 162432 |
| &nbsp;&nbsp;&nbsp;Republic of Poland |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 04/25/2032 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131000 | &nbsp;&nbsp;&nbsp;&nbsp; 29448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/25/2034 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114000 | &nbsp;&nbsp;&nbsp;&nbsp; 30540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/25/2035 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp; 29205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 10/25/2033 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223000 | &nbsp;&nbsp;&nbsp;&nbsp; 64305 |
| &nbsp;&nbsp;&nbsp;Republic of Portugal |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 06/15/2035\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89000 | &nbsp;&nbsp;&nbsp;&nbsp; 103476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 06/12/2054\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp;&nbsp; 31042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 02/15/2030\* | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138000 | &nbsp;&nbsp;&nbsp;&nbsp; 172223 |
| &nbsp;&nbsp;&nbsp;Republic of Singapore |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 04/01/2042 | &nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77000 | &nbsp;&nbsp;&nbsp;&nbsp; 66199 |
| &nbsp;&nbsp;&nbsp;State of Israel |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.30%, 04/30/2032 | &nbsp;&nbsp;ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122000 | &nbsp;&nbsp;&nbsp;&nbsp; 31323 |
| &nbsp;&nbsp;&nbsp;United Kingdom Gilt Treasury |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13%, 10/22/2073 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp; 123220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 01/31/2033 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513000 | &nbsp;&nbsp;&nbsp;&nbsp; 638146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 01/29/2038 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397000 | &nbsp;&nbsp;&nbsp;&nbsp; 473415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/22/2063 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198000 | &nbsp;&nbsp;&nbsp;&nbsp; 203645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 07/31/2054 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365400 | &nbsp;&nbsp;&nbsp;&nbsp; 411156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 03/07/2035 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67000 | &nbsp;&nbsp;&nbsp;&nbsp; 88704 |

---

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Sovereign (continued)** | **Sovereign (continued)** | **Sovereign (continued)** | **Sovereign (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 10/22/2043 | &nbsp;&nbsp;GBP | &nbsp;&nbsp; 346000 | &nbsp;&nbsp;$432927 |
| &nbsp;&nbsp;&nbsp;United Kingdom Gilt Treasury TIPS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13%, 09/22/2035(1) | &nbsp;&nbsp;GBP | &nbsp;&nbsp; 242099 | &nbsp;&nbsp;&nbsp;&nbsp; 309223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13%, 11/22/2037(1) | &nbsp;&nbsp;GBP | &nbsp;&nbsp; 50205 | &nbsp;&nbsp;&nbsp;&nbsp; 62116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 09/22/2038(1) | &nbsp;&nbsp;GBP | &nbsp;&nbsp; 90912 | &nbsp;&nbsp;&nbsp;&nbsp; 119086 |
| &nbsp;&nbsp;&nbsp;United Mexican States |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 05/26/2033 | &nbsp;&nbsp;MXN | &nbsp;&nbsp; 2077900 | &nbsp;&nbsp;&nbsp;&nbsp; 107117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.75%, 11/23/2034 | &nbsp;&nbsp;MXN | &nbsp;&nbsp; 1393500 | &nbsp;&nbsp;&nbsp;&nbsp; 71975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.75%, 11/13/2042 | &nbsp;&nbsp;MXN | &nbsp;&nbsp; 3565700 | &nbsp;&nbsp;&nbsp;&nbsp; 169353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.00%, 07/31/2053 | &nbsp;&nbsp;MXN | &nbsp;&nbsp; 3287100 | &nbsp;&nbsp;&nbsp;&nbsp; 156071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.00%, 07/31/2053 | &nbsp;&nbsp;MXN | &nbsp;&nbsp; 576900 | &nbsp;&nbsp;&nbsp;&nbsp; 27391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.50%, 02/28/2030 | &nbsp;&nbsp;MXN | &nbsp;&nbsp; 1163500 | &nbsp;&nbsp;&nbsp;&nbsp; 64170 |
| **Total Foreign Government Obligations<br> (cost $23,708,941)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;23021331 |
| **UNAFFILIATED INVESTMENT COMPANIES — 2.2%** | **UNAFFILIATED INVESTMENT COMPANIES — 2.2%** | **UNAFFILIATED INVESTMENT COMPANIES — 2.2%** | **UNAFFILIATED INVESTMENT COMPANIES — 2.2%** |
| &nbsp;&nbsp;&nbsp;iShares China CNY Bond UCITS ETF<br> (cost $3,816,314) |  | &nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp; 3796188 |
| **Total Long-Term Investment Securities<br> (cost $135,642,988)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;165366481 |
| **SHORT-TERM INVESTMENTS — 2.7%** | **SHORT-TERM INVESTMENTS — 2.7%** | **SHORT-TERM INVESTMENTS — 2.7%** | **SHORT-TERM INVESTMENTS — 2.7%** |
| **Commercial Paper — 0.6%** | **Commercial Paper — 0.6%** | **Commercial Paper — 0.6%** | **Commercial Paper — 0.6%** |
| &nbsp;&nbsp;&nbsp;American Electric Power Co, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.23%, 10/10/2025\* |  | $500000 | &nbsp;&nbsp;&nbsp;&nbsp; 499407 |
| &nbsp;&nbsp;&nbsp;Electricite de France SA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.22%, 10/21/2025\* |  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 299222 |
| &nbsp;&nbsp;&nbsp;TELUS Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.82%, 11/05/2025 |  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 298570 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097199 |
| **Sovereign — 1.6%** | **Sovereign — 1.6%** | **Sovereign — 1.6%** | **Sovereign — 1.6%** |
| &nbsp;&nbsp;&nbsp;Government of Japan |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.40%, 10/14/2025 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;165000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1115549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.43%, 11/04/2025 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;150450000 | &nbsp;&nbsp;&nbsp;&nbsp; 1016905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.43%, 12/15/2025 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp; 675509 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2807963 |
| **U.S. Government — 0.5%** | **U.S. Government — 0.5%** | **U.S. Government — 0.5%** | **U.S. Government — 0.5%** |
| &nbsp;&nbsp;&nbsp;United States Treasury Bills |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.07%, 11/12/2025 |  | &nbsp;&nbsp; 888000 | &nbsp;&nbsp;&nbsp;&nbsp; 883855 |
| **Total Short-Term Investments<br> (cost $4,797,742)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4789017 |
| **REPURCHASE AGREEMENTS — 1.5%** | **REPURCHASE AGREEMENTS — 1.5%** | **REPURCHASE AGREEMENTS — 1.5%** | **REPURCHASE AGREEMENTS — 1.5%** |
| &nbsp;&nbsp;&nbsp;Bank of America Securities LLC Joint Repurchase Agreement(3) |  | &nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 460000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;&nbsp;Barclays Capital, Inc. Joint Repurchase Agreement(3) | $640000 | &nbsp;&nbsp;$640000 |
| &nbsp;&nbsp;&nbsp;BNP Paribas SA Joint Repurchase Agreement(3) | &nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp; 630000 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Joint Repurchase Agreement(3) | &nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 460000 |
| &nbsp;&nbsp;&nbsp;RBS Securities, Inc. Joint Repurchase Agreement(3) | &nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp; 460000 |
| **Total Repurchase Agreements<br> (cost $2,650,000)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2650000 |
| **TOTAL INVESTMENTS<br> (cost $143,090,730)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.7% | &nbsp;&nbsp;&nbsp;&nbsp;172805498 |
| Other assets less liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2262037 |
| **NET ASSETS** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.0% | &nbsp;&nbsp;$175067535 |

---

---

| | |
|:---|:---|
| † | &nbsp;&nbsp;Non-income producing security |
| \* | &nbsp;&nbsp;Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. The SA Wellington Strategic Multi-Asset Portfolio has no right to demand registration of these securities. At September 30, 2025, the aggregate value of these securities was $10,345,904 representing 5.9% of net assets. |
| (1) | &nbsp;&nbsp;Principal amount of security is adjusted for inflation. |
| (2) | &nbsp;&nbsp;The security or a portion thereof was pledged as collateral to cover margin requirements for open futures contracts. |
| (3) | &nbsp;&nbsp;See Note 2 for details of Joint Repurchase Agreements. |

---

ADR—American Depositary Receipt <br> ETF—Exchange Traded Fund <br> TIPS—Treasury Inflation Protected Securities

---

| |
|:---|
| AUD—Australian Dollar |
| CAD—Canadian Dollar |
| CZK—Czech Koruna |
| DKK—Danish Krone |
| EUR—Euro Currency |
| GBP—British Pound |
| HUF—Hungarian Forint |
| ILS—Israeli New Sheqel |
| JPY—Japanese Yen |
| MXN—Mexican Peso |
| MYR—Malaysian Ringgit |
| NOK—Norwegian Krone |
| NZD—New Zealand Dollar |
| PLN—Polish Zloty |
| SEK—Swedish Krona |
| SGD—Singapore Dollar |

---

#### Futures Contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number<br> of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Type** | &nbsp;&nbsp;&nbsp;**Description** | &nbsp;&nbsp;**Expiration<br> Month** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> Basis\*** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> Value\*** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation** |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;Canada 10 Year Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;$87469 | &nbsp;&nbsp;&nbsp;&nbsp;$87993 | &nbsp;&nbsp;&nbsp;&nbsp;$524 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;Euro-BOBL | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;U.S. Treasury Long Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3016 |
| 44 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;Australian 3 Year Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3119764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3110645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9119 |
| 1 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;Euro-BTP | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2964 |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250 |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$16955 |

---

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

#### Futures Contracts — (continued)

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Numberof<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Type** | &nbsp;&nbsp;&nbsp;**Description** | &nbsp;&nbsp;**ExpirationMonth** | &nbsp;&nbsp;&nbsp;&nbsp;**NotionalBasis\*** | &nbsp;&nbsp;&nbsp;&nbsp;**NotionalValue\*** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
| 13 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;Australian 10 Year Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;$976557 | &nbsp;&nbsp;&nbsp;&nbsp;$975062 | &nbsp;&nbsp;&nbsp;&nbsp;$(1495) |
| 14 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;Euro-Schatz | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1759549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1758399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1150) |
| 6 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;Mini 10 Year Japanese Government Bond | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5518) |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;Short-Term Euro-BTP | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26) |
| 4 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;Euro Buxl 30 Year Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13918) |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;Euro-OAT | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3041) |
| 14 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;Long Gilt | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1704918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1710390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5472) |
| 26 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury Ultra 10 Year Notes | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2974509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2992031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17522) |
| 7 | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Bonds | &nbsp;&nbsp;December 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 832449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7989) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$(56131) |
|  |  | &nbsp;&nbsp;&nbsp;Net Unrealized Appreciation (Depreciation) | &nbsp;&nbsp;&nbsp;Net Unrealized Appreciation (Depreciation) | &nbsp;&nbsp;&nbsp;Net Unrealized Appreciation (Depreciation) |  | &nbsp;&nbsp;&nbsp;&nbsp;$(39176) |

---

\* Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** |
| **Counterparty** | &nbsp;&nbsp;**Contract to<br> Deliver** | &nbsp;&nbsp;**Contract to<br> Deliver** | &nbsp;&nbsp;**In<br> Exchange For** | &nbsp;&nbsp;**In<br> Exchange For** | &nbsp;&nbsp;**Delivery<br> Date** | &nbsp;&nbsp;**Unrealized<br> Appreciation** | &nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
| Bank of America, N.A. | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14780 | &nbsp;&nbsp;10/02/2025 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$(251) |
|  | &nbsp;&nbsp;KRW | &nbsp;&nbsp;&nbsp;&nbsp;42080000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30081 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46365 | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15042 | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(285) |
| Barclays Bank PLC | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391582 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (992) |
|  | &nbsp;&nbsp;CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28809 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;CZK | &nbsp;&nbsp;&nbsp;&nbsp;1543000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75098 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 623 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;4500000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30388 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (146) |
|  | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44704 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4) |
|  | &nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17921 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 285 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52827 | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58631 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 189 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59421 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;8800000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 291 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1142) |
| BNP Paribas SA | &nbsp;&nbsp;DKK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99535 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 533 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;4400000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29939 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110189 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 596 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29749 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (156) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14437 | &nbsp;&nbsp;NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(156) |
| Citibank, N.A. | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16459 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (91) |
|  | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54158 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;6600000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44298 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (487) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(578) |
| Credit Agricole SA | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44676 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45890 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37) |
| Deutsche Bank AG | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29818 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;11455000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;13547683 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 72019 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;MXN | &nbsp;&nbsp;&nbsp;&nbsp;4253000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231073 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (350) |
|  | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92996 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1024 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32761 | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 339 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62835 | &nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191595 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1019) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18962 | &nbsp;&nbsp;MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86880 | &nbsp;&nbsp;NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 194 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29911 | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (105) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1474) |

---

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** |
| **Counterparty** | &nbsp;&nbsp;**Contract to<br> Deliver** | &nbsp;&nbsp;**Contract to<br> Deliver** | &nbsp;&nbsp;**In<br> Exchange For** | &nbsp;&nbsp;**In<br> Exchange For** | &nbsp;&nbsp;**Delivery<br> Date** | &nbsp;&nbsp;**Unrealized<br> Appreciation** | &nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
| Goldman Sachs International | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28960 | &nbsp;&nbsp;10/02/2025 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$(163) |
|  | &nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374022 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1965 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29256 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (154) |
|  | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;2155000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;2910830 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 12063 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;HUF | &nbsp;&nbsp;&nbsp;&nbsp;15372000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46551 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29857 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (335) |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;15400000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103846 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (652) |
|  | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161078 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1299 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16361 | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 189 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28413 | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155000 | &nbsp;&nbsp;10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 711 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43653 | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31389 | &nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17939 | &nbsp;&nbsp;CLP | &nbsp;&nbsp;17100000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (150) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118865 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (493) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59243 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;8800000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 470 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14860 | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1947) |
| HSBC Bank PLC | &nbsp;&nbsp;JPY | &nbsp;&nbsp;165000000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;1133318 | &nbsp;&nbsp;10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 16172 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;MXN | &nbsp;&nbsp;&nbsp;&nbsp;6380000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346545 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (617) |
|  | &nbsp;&nbsp;MYR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181766 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 653 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28408 | &nbsp;&nbsp;MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(617) |
| Morgan Stanley & Co. International PLC | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16410 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (140) |
|  | &nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151318 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27) |
|  | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30588 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;479515000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;3258979 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5216 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14689 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3) |
|  | &nbsp;&nbsp;NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160684 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1049 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30080 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 274 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15395 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (102) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29567 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14809 | &nbsp;&nbsp;HUF | &nbsp;&nbsp;&nbsp;&nbsp;4900000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (88) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220777 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;32566000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 201 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28871 | &nbsp;&nbsp;NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14897 | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(360) |
| Royal Bank of Canada | &nbsp;&nbsp;CAD | &nbsp;&nbsp;&nbsp;&nbsp;1724190 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;1249573 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8645 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29743 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;6700000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45267 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (196) |
|  | &nbsp;&nbsp;SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29928 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28782 | &nbsp;&nbsp;CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29493 | &nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;4400000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 363 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(196) |
| State Street Bank & Trust Co. | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14977 | &nbsp;&nbsp;10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (54) |
|  | &nbsp;&nbsp;JPY | &nbsp;&nbsp;154950000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;1039221 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;(12197) |
|  | &nbsp;&nbsp;TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29477 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 201 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14967 | &nbsp;&nbsp;BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | &nbsp;&nbsp;10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88900 | &nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (615) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30230 | &nbsp;&nbsp;KRW | &nbsp;&nbsp;42080000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (222) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;(13088) |
| Toronto Dominion Bank | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391131 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1442) |
|  | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29569 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53426 | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 197 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56636 | &nbsp;&nbsp;CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 119 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1466) |
| UBS AG | &nbsp;&nbsp;CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71904 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 226 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33629 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 354 | &nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582379 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5952 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

------

#### SunAmerica Series Trust SA Wellington Strategic Multi-Asset Portfolio<br>

#### PORTFOLIO OF INVESTMENTS — September 30, 2025— (unaudited) — (continued)

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** | **Forward Foreign Currency Contracts — (continued)** |
| **Counterparty** | &nbsp;&nbsp;**Contract to<br> Deliver** | &nbsp;&nbsp;**Contract to<br> Deliver** | &nbsp;&nbsp;**In<br> Exchange For** | &nbsp;&nbsp;**In<br> Exchange For** | &nbsp;&nbsp;**Delivery<br> Date** | &nbsp;&nbsp;**Unrealized<br> Appreciation** | &nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116456 | &nbsp;&nbsp;CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$(366) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44568 | &nbsp;&nbsp;NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440000 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (469) |
|  | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150837 | &nbsp;&nbsp;NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257189 | &nbsp;&nbsp;11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1542) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2377) |
| Westpac Banking Corp. | &nbsp;&nbsp;JPY | &nbsp;&nbsp;100000000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684145 | &nbsp;&nbsp;12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2884 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Unrealized Appreciation (Depreciation) |  |  |  |  |  | &nbsp;&nbsp;$137288 | &nbsp;&nbsp;$(23723) |

---

---

| |
|:---|
| AUD—Australian Dollar |
| BRL—Brazilian Real |
| CAD—Canadian Dollar |
| CHF—Swiss Franc |
| CLP—Chilean Peso |
| CNH—Yuan Renminbi Offshore |
| CZK—Czech Koruna |
| DKK—Danish Krone |

---

---

| |
|:---|
| EUR—Euro Currency |
| GBP—British Pound |
| HUF—Hungarian Forint |
| ILS—Israeli New Sheqel |
| JPY—Japanese Yen |
| KRW—South Korean Won |
| MXN—Mexican Peso |
| MYR—Malaysian Ringgit |

---

---

| |
|:---|
| NOK—Norwegian Krone |
| NZD—New Zealand Dollar |
| PLN—Polish Zloty |
| SEK—Swedish Krona |
| SGD—Singapore Dollar |
| THB—Thailand Baht |
| TWD—New Taiwan Dollar |
| USD—United States Dollar |

---

The following is a summary of the inputs used to value the Portfolio's net assets as of September 30, 2025 (see Note 1):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Level 1 - Unadjusted<br> Quoted Prices** | &nbsp;&nbsp;**Level 2 - Other<br> Observable Inputs** | &nbsp;&nbsp;**Level 3 - Significant<br> Unobservable Inputs** | &nbsp;&nbsp;**Total** |
| **ASSETS:** |  |  |  |  |
| <u>Investments at Value:\*</u> |  |  |  |  |
| Common Stocks | &nbsp;&nbsp;$111572615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;$111572615 |
| Corporate Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2598898 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2598898 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;24377449 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;24377449 |
| Foreign Government Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;23021331 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;23021331 |
| Unaffiliated Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3796188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3796188 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;4789017 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4789017 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2650000 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2650000 |
| **Total Investments at Value** | &nbsp;&nbsp;$115368803 | &nbsp;&nbsp;$57436695 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$172805498 |
| <u>Other Financial Instruments:</u><u>†</u> |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16955 |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137288 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137288 |
| **Total Other Financial Instruments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16955 | &nbsp;&nbsp;&nbsp;&nbsp;$137288 | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$154243 |
| **LIABILITIES:** |  |  |  |  |
| <u>Other Financial Instruments:</u><u>†</u> |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56131 |
| Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23723 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23723 |
| **Total Other Financial Instruments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$56131 | &nbsp;&nbsp;&nbsp;&nbsp;$23723 | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$79854 |

---

---

| | |
|:---|:---|
| \* | &nbsp;&nbsp;For a detailed presentation of investments, please refer to the Portfolio of Investments. |
| † | &nbsp;&nbsp;Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |

---

See Notes to Portfolio of Investments

------

#### NOTES TO PORTFOLIO OF INVESTMENTS — September 30, 2025 — (unaudited)

------

#### Note 1 — Security Valuation
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. generally accepted accounting principles ("GAAP"), the Portfolios disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. In accordance with GAAP, fair value is defined as the price that the Portfolios would receive upon selling an asset or transferring a liability in a timely transaction to an independent third party in the principal or most advantageous market. GAAP establishes a three-tier hierarchy to provide more transparency around the inputs used to measure fair value and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tiers are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 — Unadjusted quoted prices in active markets for identical securities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, adjusted quoted prices on foreign equity securities that were adjusted in accordance with pricing procedures adopted by the Board of Trustees (the "Board")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3 — Significant unobservable inputs (includes inputs that reflect the Portfolios' own assumptions about the assumptions market participants would use in pricing the security, developed based on the best information available under the circumstances)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in valuation techniques may result in transfers in or out of an investment's assigned Level within the hierarchy. The methodology used for valuing investments is not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is recently issued and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The summary of the Portfolios' assets and liabilities classified in the fair value hierarchy as of September 30, 2025, is reported on a schedule at the end of each Portfolio's Portfolio of Investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stocks are generally valued based upon closing sales prices reported on recognized securities exchanges on which the securities are principally traded and are generally categorized as Level 1. Stocks listed on the NASDAQ are valued using the NASDAQ Official Closing Price ("NOCP"). Generally, the NOCP will be the last sale price unless the reported trade for the stock is outside the range of the bid/ask price. In such cases, the NOCP will be normalized to the nearer of the bid or ask price. For listed securities having no sales reported and for unlisted securities, such securities will be valued based upon the last reported bid price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the close of regular trading on the New York Stock Exchange ("NYSE"), securities traded primarily on security exchanges outside the United States are valued at the last sale price on such exchanges on the day of valuation, or if there is no sale on the day of valuation, at the last-reported bid price. If a security's price is available from more than one exchange, the Portfolios use the exchange that is the primary market for the security. Such securities are generally categorized as Level 1. However, depending on the foreign market, closing prices may be up to 15 hours old when they are used to price a Portfolio's shares, and the Portfolio may determine that certain closing prices do not reflect the fair value of the security. This determination will be based on the review of a number of factors, including developments in foreign markets, the performance of U.S. securities markets, and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. If a Portfolio determines that closing prices do not reflect the fair value of the securities, the Portfolio will adjust the previous closing prices in accordance with pricing procedures adopted by the Board to reflect what it believes to be the fair value of the securities as of the close of regular trading on the NYSE. The Portfolios may also fair value securities in other situations, for example, when a particular foreign market is closed but a Portfolio is open. For foreign equity securities, the Portfolios use an outside pricing service to provide it with closing market prices and information used for adjusting those prices, and when so adjusted, such securities are generally categorized as Level 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds, debentures, and other debt securities are valued at evaluated bid prices obtained for the day of valuation from an independent pricing service and are generally categorized as Level 2. The pricing services may use valuation models or matrix pricing which considers information with respect to comparable bond and note transactions, quotations from bond dealers, or by reference to other securities that are considered comparable in such characteristics as rating, interest rate, maturity date, option adjusted spread models, prepayments projections, interest rate spreads, and yield curves to determine current value. Typically, these securities are valued assuming orderly transactions of institutional round lot sizes, but a Portfolio may hold or, from time to time, transact in such securities in smaller, odd lot sizes in which case they may be fair valued in accordance with pricing procedures adopted by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior floating rate loans ("Loans") are valued at the average of available bids in the market for such Loans, as provided by an independent loan pricing service, and are generally categorized as Level 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded. Investments in registered investment companies are generally categorized as Level 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures contracts traded on national securities exchanges are valued at the quoted daily settlement price established by the exchange on which they trade reported by an independent pricing service, and are generally categorized as Level 1. Interest rate, credit default, inflation and currency swap agreements are valued utilizing quotes received daily

------

#### NOTES TO PORTFOLIO OF INVESTMENTS — September 30, 2025 — (unaudited) — (continued)

------

by independent pricing services, which are derived using daily swap curves and models that incorporate market data and discounted cash flows and are generally categorized as Level 2. Total return and contracts for difference swap agreements are valued utilizing quotes received daily by independent pricing services, which are derived using models that incorporate market trades and fair value of the underlying reference instrument and are generally categorized as Level 2. Option contracts traded on national securities exchanges are valued at the mean of the last bid and ask price reported by an independent pricing service as of the close of the exchange on which they are traded, and are generally categorized as Level 1. Option contracts traded in the over-the-counter ("OTC") market are valued at the mid valuation provided by an independent pricing service, and are generally categorized as Level 2. Forward foreign currency contracts ("forward contracts") are valued at the 4:00 p.m. Eastern Time forward rate and are generally categorized as Level 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities are valued on the basis of last sale or bid price (if a last sale price is not available) which is, in the opinion of SunAmerica Asset Management, LLC ("SAAMCo" or the "Adviser"), the broadest and most representative market, that may be either a securities exchange or OTC market, and are generally categorized as Level 1 or Level 2. Securities for which market quotations are not readily available or the values of which may be significantly impacted by the occurrence of developments or significant events are generally categorized as Level 3. Because there is no single standard for making fair value determinations, the Portfolios' fair determinations may vary from fair value determinations made by other funds for the same securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board must determine fair value in good faith for portfolio holdings for which market quotations are not readily available or are unreliable. The Board has designated SAAMCo as the valuation designee ("Valuation Designee") to perform the fair valuation determinations relating to any or all portfolio investments. SAAMCo, as the Valuation Designee, has adopted policies and procedures and has established a pricing review committee to determine the fair value of the designated portfolio holdings on its behalf.

#### Note 2 — Repurchase Agreements
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September 30, 2025, the following Portfolios held an undivided interest in the joint repurchase agreement with Bank of America Securities LLC:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;**Percentage<br> Ownership** | &nbsp;&nbsp;**Principal<br> Amount** |
| SA Wellington Capital Appreciation Portfolio | &nbsp;&nbsp;43.21% | &nbsp;&nbsp;$945000 |
| SA Wellington Strategic Multi-Asset Portfolio | &nbsp;&nbsp;21.03 | &nbsp;&nbsp;&nbsp;460000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of such date, the repurchase agreement in that joint account and the collateral thereof were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Securities LLC, dated September 30, 2025, bearing interest at a rate of 4.19% per annum, with a principal amount of $2,187,000, a repurchase price of $2,187,255, and a maturity date of October 1, 2025. The repurchase agreement is collateralized by the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Collateral** | &nbsp;&nbsp;**Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| U.S. Treasury Notes | &nbsp;&nbsp;1.13% | &nbsp;&nbsp;02/15/2031 | &nbsp;&nbsp;$2546000 | &nbsp;&nbsp;$2228027 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September 30, 2025, the following Portfolios held an undivided interest in the joint repurchase agreement with Barclays Capital, Inc.:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;**Percentage<br> Ownership** | &nbsp;&nbsp;**Principal<br> Amount** |
| SA Wellington Capital Appreciation Portfolio | &nbsp;&nbsp;43.67% | &nbsp;&nbsp;$1310000 |
| SA Wellington Strategic Multi-Asset Portfolio | &nbsp;&nbsp;21.33 | &nbsp;&nbsp;&nbsp;&nbsp;640000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of such date, the repurchase agreement in that joint account and the collateral thereof were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barclays Capital, Inc., dated September 30, 2025, bearing interest at a rate of 4.20% per annum, with a principal amount of $3,000,000, a repurchase price of $3,000,350, and a maturity date of October 1, 2025. The repurchase agreement is collateralized by the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Collateral** | &nbsp;&nbsp;**Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| U.S. Treasury Notes | &nbsp;&nbsp;4.38% | &nbsp;&nbsp;05/15/2034 | &nbsp;&nbsp;$2942000 | &nbsp;&nbsp;$3060030 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September 30, 2025, the following Portfolios held an undivided interest in the joint repurchase agreement with BNP Paribas SA:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;**Percentage<br> Ownership** | &nbsp;&nbsp;**Principal<br> Amount** |
| SA Wellington Capital Appreciation Portfolio | &nbsp;&nbsp;43.17% | &nbsp;&nbsp;$1295000 |
| SA Wellington Strategic Multi-Asset Portfolio | &nbsp;&nbsp;21.00 | &nbsp;&nbsp;&nbsp;&nbsp;630000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of such date, the repurchase agreement in that joint account and the collateral thereof were as follows:

------

#### NOTES TO PORTFOLIO OF INVESTMENTS — September 30, 2025 — (unaudited) — (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas SA, dated September 30, 2025, bearing interest at a rate of 4.20% per annum, with a principal amount of $3,000,000, a repurchase price of $3,000,050, and a maturity date of October 1, 2025. The repurchase agreement is collateralized by the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Collateral** | &nbsp;&nbsp;**Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| U.S. Treasury Bonds | &nbsp;&nbsp;2.25% | &nbsp;&nbsp;05/15/2041 | &nbsp;&nbsp;$4088600 | &nbsp;&nbsp;$3068617 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September 30, 2025, the following Portfolios held an undivided interest in the joint repurchase agreement with Deutsche Bank AG:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;**Percentage<br> Ownership** | &nbsp;&nbsp;**Principal<br> Amount** |
| SA Wellington Capital Appreciation Portfolio | &nbsp;&nbsp;43.23% | &nbsp;&nbsp;$945000 |
| SA Wellington Strategic Multi-Asset Portfolio | &nbsp;&nbsp;21.04 | &nbsp;&nbsp;&nbsp;460000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of such date, the repurchase agreement in that joint account and the collateral thereof were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Bank AG, dated September 30, 2025, bearing interest at a rate of 4.20% per annum, with a principal amount of $2,186,000, a repurchase price of $2,186,255, and a maturity date of October 1, 2025. The repurchase agreement is collateralized by the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Collateral** | &nbsp;&nbsp;**Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| U.S. Treasury Notes | &nbsp;&nbsp;4.38% | &nbsp;&nbsp;12/31/2029 | &nbsp;&nbsp;$2172000 | &nbsp;&nbsp;$2252011 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September 30, 2025, the following Portfolios held an undivided interest in the joint repurchase agreement with RBS Securities, Inc.:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;**Percentage<br> Ownership** | &nbsp;&nbsp;**Principal<br> Amount** |
| SA Wellington Capital Appreciation Portfolio | &nbsp;&nbsp;43.21% | &nbsp;&nbsp;$945000 |
| SA Wellington Strategic Multi-Asset Portfolio | &nbsp;&nbsp;21.03 | &nbsp;&nbsp;&nbsp;460000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of such date, the repurchase agreement in that joint account and the collateral thereof were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RBS Securities, Inc., dated September 30, 2025, bearing interest at a rate of 4.19% per annum, with a principal amount of $2,187,000 a repurchase price of $2,187,255, and a maturity date of October 1, 2025. The repurchase agreement is collateralized by the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Collateral** | &nbsp;&nbsp;**Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| U.S. Treasury Notes | &nbsp;&nbsp;3.75% | &nbsp;&nbsp;08/31/2031 | &nbsp;&nbsp;$2235000 | &nbsp;&nbsp;$2232050 |

---

#### Note 3 — Derivative Instruments
**Forward Foreign Currency Contracts**: A forward contract is an agreement between two parties to buy or sell currency at a set price on a future date. The market value of the contract will fluctuate with changes in currency exchange rates. The contract is marked-to-market daily using the forward rate and the cumulative change in market value is recorded by a Portfolio as unrealized appreciation or depreciation. On the settlement date, a Portfolio records either realized gains or losses equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risks to a Portfolio of entering into forward contracts include counterparty risk, market risk and illiquidity risk. Counterparty risk arises upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts. If the counterparty defaults, a Portfolio's loss will generally consist of the net amount of contractual payments that the Portfolio has not yet received though the Portfolio's maximum exposure due to counterparty risk could extend to the notional amount of the contract. Market risk is the risk that the value of the forward contract will depreciate due to unfavorable changes in the exchange rates. These contracts may involve market risk in excess of the unrealized appreciation or depreciation reported on the Portfolio of Investments. Illiquidity risk arises because the secondary market for forwards may have less liquidity relative to markets for other securities. Currency transactions are also subject to risks different from those of other portfolio transactions. Because currency control is of great importance to the issuing governments and influences economic planning and policy, purchases and sales of currency and related instruments can be adversely affected by government exchange controls, limitations or restrictions on repatriation of currency, and manipulations or exchange restrictions imposed by governments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts outstanding at the end of the period, if any, are reported on a schedule at the end of each Portfolio's Portfolio of Investments.

**Futures:** A futures contract is an agreement between two parties to buy and sell a financial instrument at a set price on a future date. Upon entering into a futures transaction, a Portfolio will be required to segregate an initial margin payment of cash or other liquid securities with the futures commission merchant (the "broker"). Subsequent payments are made or received by the Portfolio as a result of changes in the value of the contract and/or changes in the value of the initial margin requirement. When a contract is closed, the Portfolios record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

------

#### NOTES TO PORTFOLIO OF INVESTMENTS — September 30, 2025 — (unaudited) — (continued)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The primary risk to a Portfolio of entering into futures contracts is market risk. Market risk is the risk that there will be an unfavorable change in the interest rate, value or currency rate of the underlying security or securities. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin. There may also be trading restrictions or limitations imposed by an exchange, and government regulations may restrict trading in futures contracts. While a Portfolio will generally only purchase exchange-traded futures, due to market conditions, there may not always be a liquid secondary market for a futures contract and, as a result, the Portfolio may be unable to close out its futures contracts at a time which is advantageous. In addition, if a Portfolio has insufficient cash to meet margin requirements, the Portfolio may need to sell other investments, including at disadvantageous times. There is generally minimal counterparty risk to a Portfolio since the futures contracts are generally exchange-traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures contracts outstanding at the end of the period, if any, are reported on a schedule at the end of each Portfolio's Portfolio of Investments.

**Master Agreements:** Certain Portfolios that hold derivative instruments and other financial instruments may be a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements or similar agreements ("Master Agreements") with certain counterparties that govern such instruments. Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. Collateral can be in the form of cash or securities as agreed to by a Portfolio and applicable counterparty. Collateral requirements are generally determined based on a Portfolio's net position with each counterparty. Master Agreements may also include certain provisions that require a Portfolio to post additional collateral upon the occurrence of certain events, such as when a Portfolio's net assets fall below a specified level. In addition, Master Agreements typically specify certain standard termination events, such as failure of a party to pay or deliver, credit support defaults and other events of default. Termination events applicable to a Portfolio may also occur upon a decline in a Portfolio's net assets below a specified level over a certain period of time. Additional termination events applicable to counterparties may occur upon a decline in a counterparty's long-term and short-term credit ratings below a specified level, or upon a decline in the ratings of a counterparty's credit support provider. Upon the occurrence of a termination event, the other party may elect to terminate early and cause settlement of all instruments outstanding pursuant to a particular Master Agreement, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of a Portfolio's counterparties to elect early termination could cause the Portfolio to accelerate the payment of liabilities, which settlement amounts could be in excess of the amount of assets that are already posted as collateral. Typically, the Master Agreement will permit a single net payment in the event of default. Note, however, that bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency or other events. As a result, the early termination with respect to derivative instruments subject to Master Agreements that are in a net liability position could be material to a Portfolio's financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table represents the Portfolio's objectives for using derivative instruments for the period ended September 30, 2025:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Objectives for Using Derivatives** | &nbsp;&nbsp;**Objectives for Using Derivatives** |
| **Portfolio** | &nbsp;&nbsp;**Futures<br> Contracts** | &nbsp;&nbsp;**Forward<br> Foreign<br> Currency<br> Contracts** |
| SA Goldman Sachs Government and Quality Bond<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;- |
| SA Wellington Strategic Multi-Asset<br>| &nbsp;&nbsp;1, 2 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |

---

------

(1) To manage interest rate risk and the duration of the portfolio.

(2) To manage foreign currency exchange rate risk.

#### ADDITIONAL INFORMATION
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional information is available in the Trust's Annual and Semiannual financial statements which may be obtained without charge from the EDGAR database on the Securities and Exchange Commission's website at <u>www.sec.gov.</u>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SUNAMERICA SERIES TRUST

- **b. Investment Company Act file number:** 811-07238

- **c. CIK number of Registrant:** 0000892538

- **d. LEI of Registrant:** 549300YDIAXUNCUXFM44

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

  - **Street Address 1:** 21650 Oxnard Street, 10th Floor

  - **City:** Woodland Hills

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 91367

  - **Telephone number:** 800-445-7862

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

- **a. Name of Series:** SA Wellington Strategic Multi-Asset Portfolio

- **b. EDGAR series identifier (if any):** S000072729

- **c. LEI of Series:** 549300RL7KOTSEEMNY12

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $174017653.70

**Total Liabilities:** $361682.39

**Net Assets:** $173655971.31

**Cash Not Reported:** $231554.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -14.10000000 | **1-Year:** -272.21000000 | **5-Year:** -131.06000000 | **10-Year:** -52.30000000 | **30-Year:** -90.25000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229214 | 0.00%                | 1.69%                | 2.06%                |
| Class ID C000229215 | 0.00%                | 1.61%                | 2.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1639603.05              | $-2793979.09                               |
| Month 2  | $2199657.10              | $1091021.71                                |
| Month 3  | $855949.33               | $2357724.38                                |

**Designated Index Information**

- **Index Name:** 65%ACWI,35%WGBI($Hdg)

- **Index Identifier:** 65% MXWD, 35% SBWGU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| WESCO International Inc                                 | WESCO International Inc                                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      5031 | NS      | $1064056.50   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-140.27      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UNITED KINGDOM I/L GILT                                 | United Kingdom Inflation-Linked Gilt                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    242099 | PA      | $309223.40    | 0.18%             | 2035-09-22      | Fixed         | 1.13%                 | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    377000 | PA      | $362659.20    | 0.21%             | 2055-05-25      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                       | Italy Buoni Poliennali Del Tesoro                       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     30000 | PA      | $35067.25     | 0.02%             | 2046-04-30      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| HUNGARY GOVERNMENT BOND                                 | Hungary Government Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   5750000 | PA      | $17465.32     | 0.01%             | 2035-10-24      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |         1 | NC      | $270.98       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1393500 | PA      | $71974.86     | 0.04%             | 2034-11-23      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Australia Government Bonds                              | Australia Government Bonds                              | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    468000 | PA      | $164954.89    | 0.09%             | 2051-06-21      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| ITOCHU Corp                                             | ITOCHU Corp                                             | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     24300 | NS      | $1384533.93   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     67000 | PA      | $88704.34     | 0.05%             | 2035-03-07      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                 | John Deere Capital Corp                                 | CUSIP: 24422EWX3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50301.12     | 0.03%             | 2026-06-08      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $123.08       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC Bank PLC                                           | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | MX        |         1 | NC      | $50.55        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                 | Goldman Sachs Group Inc/The                             | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25156.42     | 0.01%             | 2028-08-23      | Fixed         | 4.48%                 | No            | 2                  | On Loan: No      |
| ROYAL BANK OF SCOTLAND REPO ROYAL BANK OF SCOTLAND REPO | ROYAL BANK OF SCOTLAND REPO ROYAL BANK OF SCOTLAND REPO | CUSIP: 000000000<br>LEI: 549300WHU4EIHRP28H10 | Long             | RA               | CORP              | US        |    460000 | PA      | $460000.00    | 0.26%             |  |  |  | No            | N/A                | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    300000 | PA      | $123219.69    | 0.07%             | 2073-10-22      | Fixed         | 1.13%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED MXN / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | MX        |         1 | NC      | $28.68        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1733000 | PA      | $1175867.57   | 0.68%             | 2041-08-15      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELEC POWER CO                                  | American Electric Power Co Inc                          | CUSIP: 0255E2XA3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499407.25    | 0.29%             | 2025-10-10      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| Republic of Austria Government Bonds                    | Republic of Austria Government Bonds                    | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |    111000 | PA      | $129711.03    | 0.07%             | 2035-02-20      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| ELECTRICITE DE FRANCE                                   | Electricite de France SA                                | CUSIP: 28504GXM3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | STIV             | CORP              | FR        |    300000 | PA      | $299221.86    | 0.17%             | 2025-10-21      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD CZK                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $623.47       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CGJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2486000 | PA      | $2464927.27   | 1.42%             | 2030-01-31      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Spain Government Bonds                                  | Spain Government Bonds                                  | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    142000 | PA      | $162480.63    | 0.09%             | 2041-01-31      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| BAE Systems PLC                                         | BAE Systems PLC                                         | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     39502 | NS      | $1093868.85   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-146.39      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| ASML Holding NV                                         | ASML Holding NV                                         | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2141 | NS      | $2081547.33   | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ELI LILLY & CO                                          | Eli Lilly & Co                                          | CUSIP: 532457CE6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150022.69    | 0.09%             | 2026-02-27      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| British American Tobacco PLC                            | British American Tobacco PLC                            | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     22187 | NS      | $1177756.56   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Denmark Government Bonds                                | Denmark Government Bonds                                | CUSIP: 000000000<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |    532000 | PA      | $101382.02    | 0.06%             | 2039-11-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co                                        | Wells Fargo & Co                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     29433 | NS      | $2467074.06   | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CH        |         1 | NC      | $140.97       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | AU        |         1 | NC      | $133.77       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $237859.38    | 0.14%             | 2039-02-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD DKK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $533.10       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD ILS                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-334.76      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | NZ        |         1 | NC      | $95.28        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     75000 | PA      | $75691.41     | 0.04%             | 2035-05-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD BRL                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-87.49       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Unilever PLC                                            | Unilever PLC                                            | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     27088 | NS      | $1602948.02   | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |         1 | NC      | $439.55       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                       | Italy Buoni Poliennali Del Tesoro                       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |   1009000 | PA      | $1195612.74   | 0.69%             | 2026-08-28      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIONS                                  | Verizon Communications Inc                              | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100153.49    | 0.06%             | 2028-03-22      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Inflation-Indexed Bonds                   | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     70636 | PA      | $68952.87     | 0.04%             | 2055-02-15      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| Thermo Fisher Scientific Inc                            | Thermo Fisher Scientific Inc                            | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3212 | NS      | $1557884.24   | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |         1 | NC      | $82.07        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Kingdom of Belgium Government Bonds                     | Kingdom of Belgium Government Bonds                     | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |    223000 | PA      | $261502.07    | 0.15%             | 2030-10-22      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| Uber Technologies Inc                                   | Uber Technologies Inc                                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     15621 | NS      | $1530389.37   | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-486.77      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe                | Bundesrepublik Deutschland Bundesanleihe                | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    203000 | PA      | $224405.34    | 0.13%             | 2041-05-15      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| New Zealand Government Bonds                            | New Zealand Government Bonds                            | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    131000 | PA      | $79620.84     | 0.05%             | 2030-05-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1883000 | PA      | $1935812.28   | 1.11%             | 2029-05-31      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Sony Group Corp                                         | Sony Group Corp                                         | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     49100 | NS      | $1414050.78   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bills                                     | CUSIP: 912797RN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    888000 | PA      | $883854.66    | 0.51%             | 2025-11-12      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3565700 | PA      | $169352.98    | 0.10%             | 2042-11-13      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    853000 | PA      | $737711.72    | 0.42%             | 2031-08-15      | Fixed         | 1.25%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    812000 | PA      | $821452.18    | 0.47%             | 2032-11-15      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Mitsui Fudosan Co Ltd                                   | Mitsui Fudosan Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    112300 | NS      | $1224870.00   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | XX        |         1 | NC      | $-102.21      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Ireland Government Bonds                                | Ireland Government Bonds                                | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |    191000 | PA      | $200256.33    | 0.12%             | 2030-10-18      | Fixed         | 0.20%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD BRL                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-75.23       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| iShares China CNY Bond UCITS ETF                        | iShares China CNY Bond UCITS ETF                        | CUSIP: 000000000<br>LEI: 549300CS49044H0USX40 | Long             | EC               | RF                | IE        |    660000 | NS      | $3796188.00   | 2.19%             |  |  |  | No            | 1                  | On Loan: No      |
| US Foods Holding Corp                                   | US Foods Holding Corp                                   | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     17776 | NS      | $1361997.12   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-991.61      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Bank of America NA                                      | PURCHASED USD / SOLD KRW                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $72.57        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Singapore Exchange Derivatives Clearing Ltd.            | 10YR MINI JGB FUT DEC25                                 | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DIR              |  | SG        |         6 | NC      | $-5517.80     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | GB        |         1 | NC      | $-156.43      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 9128286T2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    807000 | PA      | $771819.84    | 0.44%             | 2029-05-15      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED USD / SOLD CAD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $8644.63      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $72018.51     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Atmos Energy Corp                                       | Atmos Energy Corp                                       | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      7849 | NS      | $1340216.75   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Orange SA                                               | Orange SA                                               | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     74112 | NS      | $1201625.26   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | XX        |         1 | NC      | $-1018.50     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA                                     | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     23187 | NS      | $1534272.09   | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    547000 | PA      | $622284.49    | 0.36%             | 2034-11-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                       | EURO-BOBL FUTURE DEC25                                  | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         8 | NC      | $105.66       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1181000 | PA      | $1187966.06   | 0.68%             | 2026-11-30      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-154.18      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                  | CUSIP: 91324PEP3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41072.41     | 0.02%             | 2028-02-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Spain Government Bonds                                  | Spain Government Bonds                                  | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    220000 | PA      | $169047.94    | 0.10%             | 2052-10-31      | Fixed         | 1.90%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-349.55      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-70.92       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bond                      | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    223000 | PA      | $64305.03     | 0.04%             | 2033-10-25      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bond                      | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    110000 | PA      | $29204.63     | 0.02%             | 2035-10-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Kingdom of Belgium Government Bonds                     | Kingdom of Belgium Government Bonds                     | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |    174000 | PA      | $201636.96    | 0.12%             | 2035-06-22      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    989000 | PA      | $994910.82    | 0.57%             | 2027-02-28      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Visa Inc                                                | Visa Inc                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5730 | NS      | $1956107.40   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    403000 | PA      | $366241.99    | 0.21%             | 2041-08-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD TWD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $200.71       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS AG                                                  | PURCHASED NOK / SOLD USD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | NO        |         1 | NC      | $-468.75      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Ireland Government Bonds                                | Ireland Government Bonds                                | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |     44000 | PA      | $46671.55     | 0.03%             | 2055-10-18      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| Norway Government Bonds                                 | Norway Government Bonds                                 | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |    165000 | PA      | $15726.98     | 0.01%             | 2039-05-31      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $1964.75      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Elevance Health Inc                                     | Elevance Health Inc                                     | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      2655 | NS      | $857883.60    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Kingdom of Belgium Government Bonds                     | Kingdom of Belgium Government Bonds                     | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |    123000 | PA      | $137018.29    | 0.08%             | 2043-06-22      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-12170.80    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Canada Government Bonds                                 | Canada Government Bonds                                 | CUSIP: 135087S47<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    902000 | PA      | $649767.95    | 0.37%             | 2030-03-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| VERALTO CORP                                            | Veralto Corp                                            | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80965.68     | 0.05%             | 2026-09-18      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| JAPAN TREASURY DISC BILL                                | Japan Treasury Discount Bill                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | STIV             | NUSS              | JP        | 100000000 | PA      | $675509.42    | 0.39%             | 2025-12-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD CAD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $20.84        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                       | EURO-SCHATZ FUT DEC25                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        14 | NC      | $-1149.65     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| New Zealand Government Bonds                            | New Zealand Government Bonds                            | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    178000 | PA      | $69402.09     | 0.04%             | 2051-05-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $12063.02     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1518000 | PA      | $1523277.42   | 0.88%             | 2027-05-31      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp                                          | Microsoft Corp                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     11449 | NS      | $5930009.55   | 3.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Netherlands Government Bonds                            | Netherlands Government Bonds                            | CUSIP: 000000000<br>LEI: 254900G14ALGVKORFN62 | Long             | DBT              | NUSS              | NL        |    250000 | PA      | $295370.89    | 0.17%             | 2030-01-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | JP        |         1 | NC      | $-234.61      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Targa Resources Corp                                    | Targa Resources Corp                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      8061 | NS      | $1350539.94   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED CLP / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CL        |         1 | NC      | $-149.92      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Portugal Obrigacoes do Tesouro OT                       | Portugal Obrigacoes do Tesouro OT                       | CUSIP: 000000000<br>LEI: 549300P6U1FJ3IMP7K42 | Long             | DBT              | NUSS              | PT        |     28000 | PA      | $31042.37     | 0.02%             | 2054-06-12      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2077900 | PA      | $107116.77    | 0.06%             | 2033-05-26      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| American Tower Corp                                     | American Tower Corp                                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      6354 | NS      | $1222001.28   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                  | Pacific Gas and Electric Co                             | CUSIP: 694308KV8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     46000 | PA      | $46261.70     | 0.03%             | 2055-03-01      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    397000 | PA      | $473415.16    | 0.27%             | 2038-01-29      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    471000 | PA      | $473888.55    | 0.27%             | 2030-06-30      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Accor SA                                                | Accor SA                                                | CUSIP: 000000000<br>LEI: 969500QZC2Q0TK11NV07 | Long             | EC               | CORP              | FR        |     26470 | NS      | $1252407.98   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | GB        |         1 | NC      | $-492.60      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     59000 | PA      | $37958.20     | 0.02%             | 2051-05-15      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| Rheinmetall AG                                          | Rheinmetall AG                                          | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       495 | NS      | $1153302.25   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | JP        |         1 | NC      | $185.31       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| BNP Paribas SA                                          | PARIBAS REPO                                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | RA               | CORP              | US        |    630000 | PA      | $630000.00    | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| NVIDIA Corp                                             | NVIDIA Corp                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     36260 | NS      | $6765390.80   | 3.90%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    251000 | PA      | $209075.16    | 0.12%             | 2041-11-15      | Fixed         | 3.13%                 | No            | 2                  | On Loan: No      |
| HSBC Bank PLC                                           | PURCHASED USD / SOLD MXN                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-616.62      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Westpac Banking Corp.                                   | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | N/A              | DFE              |  | US        |         1 | NC      | $2884.19      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC Bank PLC                                           | PURCHASED USD / SOLD MYR                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $652.81       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Trust Group Inc                         | Sumitomo Mitsui Trust Group Inc                         | CUSIP: 000000000<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |     41200 | NS      | $1197679.28   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| MALAYSIA GOVERNMENT                                     | Malaysia Government Bond                                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    144000 | PA      | $36797.12     | 0.02%             | 2053-03-31      | Fixed         | 4.46%                 | No            | 2                  | On Loan: No      |
| PFIZER INVESTMENT ENTER                                 | Pfizer Investment Enterprises Pte Ltd                   | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     75000 | PA      | $75146.80     | 0.04%             | 2026-05-19      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Netherlands Government Bonds                            | Netherlands Government Bonds                            | CUSIP: 000000000<br>LEI: 254900G14ALGVKORFN62 | Long             | DBT              | NUSS              | NL        |    418000 | PA      | $337660.76    | 0.19%             | 2038-01-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Alphabet Inc                                            | Alphabet Inc                                            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     21862 | NS      | $5324490.10   | 3.07%             |  |  |  | No            | 1                  | On Loan: No      |
| ASX Clear (Futures)                                     | AUST 10Y BOND FUT DEC25                                 | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |        13 | NC      | $-1495.13     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | NZ        |         1 | NC      | $75.50        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                | New York Life Global Funding                            | CUSIP: 64952WFG3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128547.13    | 0.07%             | 2029-06-06      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Australia Government Bonds                              | Australia Government Bonds                              | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |     34000 | PA      | $19741.59     | 0.01%             | 2035-06-21      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| adidas AG                                               | adidas AG                                               | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      6911 | NS      | $1455627.22   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Japan Government Ten Year Bonds                         | Japan Government Ten Year Bonds                         | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  47650000 | PA      | $315888.07    | 0.18%             | 2035-03-20      | Fixed         | 1.40%                 | No            | 2                  | On Loan: No      |
| Spain Government Bonds                                  | Spain Government Bonds                                  | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    447000 | PA      | $522486.28    | 0.30%             | 2035-10-31      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| UNITEDHEALTH GROUP INC                                  | UnitedHealth Group Inc                                  | CUSIP: 91324PDW9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14864.51     | 0.01%             | 2026-01-15      | Fixed         | 1.25%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $1024.32      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $143.99       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    628000 | PA      | $744043.51    | 0.43%             | 2029-02-25      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| UNITED KINGDOM I/L GILT                                 | United Kingdom Inflation-Linked Gilt                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     90913 | PA      | $119086.40    | 0.07%             | 2038-09-22      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                              | TELUS Corp                                              | CUSIP: 87974PY56<br>LEI: 894500WE70KKZRQMBU11 | Long             | STIV             | CORP              | CA        |    300000 | PA      | $298570.20    | 0.17%             | 2025-11-05      | None          | 0.00%                 | No            | N/A                | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    465000 | PA      | $452550.35    | 0.26%             | 2026-08-31      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                  | US ULTRA BOND CBT DEC25                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $-8832.52     | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Linde PLC                                               | Linde PLC                                               | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      2989 | NS      | $1427557.79   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Spain Government Bonds                                  | Spain Government Bonds                                  | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    719000 | PA      | $850868.55    | 0.49%             | 2030-01-31      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |         1 | NC      | $115.67       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| NTT FINANCE CORP                                        | NTT Finance Corp                                        | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201442.24    | 0.12%             | 2027-07-16      | Fixed         | 4.57%                 | No            | 2                  | On Loan: No      |
| Shopify Inc                                             | Shopify Inc                                             | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      7958 | NS      | $1182292.22   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| KT Corp                                                 | KT Corp                                                 | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     63000 | NS      | $1228500.00   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                       | Italy Buoni Poliennali Del Tesoro                       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    134000 | PA      | $162431.85    | 0.09%             | 2055-10-01      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Japan Government Thirty Year Bonds                      | Japan Government Thirty Year Bonds                      | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 224850000 | PA      | $1546589.71   | 0.89%             | 2040-03-20      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| New Zealand Government Bonds                            | New Zealand Government Bonds                            | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    340000 | PA      | $176571.38    | 0.10%             | 2032-05-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-4.22        | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |         1 | NC      | $69.67        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Toronto-Dominion Bank                                   | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | CH        |         1 | NC      | $118.64       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD HUF                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $368.52       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    200000 | PA      | $235811.83    | 0.14%             | 2030-02-25      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Keyence Corp                                            | Keyence Corp                                            | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      2622 | NS      | $978341.01    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Canada Government Bonds                                 | Canada Government Bonds                                 | CUSIP: 135087M68<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    180000 | PA      | $86780.77     | 0.05%             | 2053-12-01      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                  | US LONG BOND(CBT) DEC25                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         3 | NC      | $3015.62      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |         1 | NC      | $354.42       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $5216.45      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-109.28      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | JP        |         1 | NC      | $363.04       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |         1 | NC      | $-0.57        | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Finland Government Bonds                                | Finland Government Bonds                                | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |     22000 | PA      | $22193.41     | 0.01%             | 2055-04-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| Toronto-Dominion Bank                                   | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |         1 | NC      | $-1442.29     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS AG                                                  | PURCHASED USD / SOLD NOK                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $353.69       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    198000 | PA      | $203645.35    | 0.12%             | 2063-10-22      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Inc                                  | Berkshire Hathaway Inc                                  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3822 | NS      | $1921472.28   | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| DoorDash Inc                                            | DoorDash Inc                                            | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      3806 | NS      | $1035193.94   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                                    | Bank of America Corp                                    | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116424.75    | 0.07%             | 2029-05-09      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD PLN                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $1299.37      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Spain Government Bonds                                  | Spain Government Bonds                                  | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    128000 | PA      | $143276.86    | 0.08%             | 2043-07-30      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| Australia Government Bonds                              | Australia Government Bonds                              | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    359000 | PA      | $206756.64    | 0.12%             | 2030-12-21      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe                | Bundesrepublik Deutschland Bundesanleihe                | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    224000 | PA      | $255252.89    | 0.15%             | 2034-02-15      | Fixed         | 2.20%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED SEK / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | SE        |         1 | NC      | $-84.90       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| AstraZeneca PLC                                         | AstraZeneca PLC                                         | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      9574 | NS      | $1439801.87   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED KRW / SOLD USD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | KR        |         1 | NC      | $-3.21        | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Broadcom Inc                                            | Broadcom Inc                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      5489 | NS      | $1810875.99   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | CH        |         1 | NC      | $155.79       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    346000 | PA      | $432927.21    | 0.25%             | 2043-10-22      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD THB                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $284.88       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Tesla Inc                                               | Tesla Inc                                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      2266 | NS      | $1007735.52   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |         1 | NC      | $189.26       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNGARY GOVERNMENT BOND                                 | Hungary Government Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   9630000 | PA      | $27763.55     | 0.02%             | 2028-03-23      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Toronto-Dominion Bank                                   | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | AU        |         1 | NC      | $197.01       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    513000 | PA      | $638146.16    | 0.37%             | 2033-01-31      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Portugal Obrigacoes do Tesouro OT                       | Portugal Obrigacoes do Tesouro OT                       | CUSIP: 000000000<br>LEI: 549300P6U1FJ3IMP7K42 | Long             | DBT              | NUSS              | PT        |    138000 | PA      | $172222.95    | 0.10%             | 2030-02-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| ASX Clear (Futures)                                     | AUST 3YR BOND FUT DEC25                                 | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |       -44 | NC      | $9118.57      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED CAD / SOLD USD                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CA        |         1 | NC      | $6.88         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                                            | Enbridge Inc                                            | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $86285.46     | 0.05%             | 2027-04-05      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| New Zealand Government Bonds                            | New Zealand Government Bonds                            | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    142000 | PA      | $81555.61     | 0.05%             | 2054-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3431000 | PA      | $2010083.53   | 1.16%             | 2051-08-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Japan Government Forty Year Bonds                       | Japan Government Forty Year Bonds                       | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  37200000 | PA      | $121668.16    | 0.07%             | 2056-03-20      | Fixed         | 0.40%                 | No            | 2                  | On Loan: No      |
| Saipem SpA                                              | Saipem SpA                                              | CUSIP: 000000000<br>LEI: 549300PHV8MBDHWB8X12 | Long             | EC               | CORP              | IT        |    358550 | NS      | $1034288.56   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $167.65       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTHERN CO                                             | Southern Co/The                                         | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83182.40     | 0.05%             | 2029-03-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CZECH REPUBLIC                                          | Czech Republic Government Bond                          | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |   1290000 | PA      | $40889.97     | 0.02%             | 2040-04-24      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                       | EURO-OAT FUTURE DEC25                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -2 | NC      | $-3040.79     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Toronto-Dominion Bank                                   | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |         1 | NC      | $-24.14       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                     | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96256.05     | 0.06%             | 2028-07-25      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Canada Government Bonds                                 | Canada Government Bonds                                 | CUSIP: 135087YQ1<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    158000 | PA      | $121257.08    | 0.07%             | 2041-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1109000 | PA      | $1152493.59   | 0.66%             | 2035-02-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                       | Italy Buoni Poliennali Del Tesoro                       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    715000 | PA      | $835688.86    | 0.48%             | 2030-10-01      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank Securities, Inc.                          | DEUTSCHE REPO                                           | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | RA               | CORP              | US        |    460000 | PA      | $460000.00    | 0.26%             |  |  |  | No            | N/A                | On Loan: No      |
| GFL Environmental Inc                                   | GFL Environmental Inc                                   | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |     14240 | NS      | $674691.20    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | AU        |         1 | NC      | $197.86       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| STATE STREET CORP                                       | State Street Corp                                       | CUSIP: 857477CD3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55521.12     | 0.03%             | 2026-08-03      | Fixed         | 5.27%                 | No            | 2                  | On Loan: No      |
| ServiceNow Inc                                          | ServiceNow Inc                                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1681 | NS      | $1546990.68   | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| CANADIAN IMPERIAL BANK                                  | Canadian Imperial Bank of Commerce                      | CUSIP: 13607PHT4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $125377.58    | 0.07%             | 2027-09-11      | Fixed         | 4.51%                 | No            | 2                  | On Loan: No      |
| HSBC Bank PLC                                           | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $16171.83     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| COMCAST CORP                                            | Comcast Corp                                            | CUSIP: 20030NDX6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $114887.02    | 0.07%             | 2026-09-14      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| UNITED KINGDOM I/L GILT                                 | United Kingdom Inflation-Linked Gilt                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     50205 | PA      | $62115.65     | 0.04%             | 2037-11-22      | Fixed         | 1.13%                 | No            | 2                  | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bond                      | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    114000 | PA      | $30539.76     | 0.02%             | 2034-10-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD SGD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $596.40       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of America NA                                      | PURCHASED USD / SOLD BRL                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-250.82      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Finland Government Bonds                                | Finland Government Bonds                                | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |     99000 | PA      | $118322.36    | 0.07%             | 2029-04-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Deere & Co                                              | Deere & Co                                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      1555 | NS      | $711039.30    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $149.91       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Australia Government Bonds                              | Australia Government Bonds                              | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    555000 | PA      | $355256.64    | 0.20%             | 2054-06-21      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Japan Government Thirty Year Bonds                      | Japan Government Thirty Year Bonds                      | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  88350000 | PA      | $408978.32    | 0.24%             | 2047-09-20      | Fixed         | 0.80%                 | No            | 2                  | On Loan: No      |
| Singapore Government Bonds                              | Singapore Government Bonds                              | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |     77000 | PA      | $66198.69     | 0.04%             | 2042-04-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Finland Government Bonds                                | Finland Government Bonds                                | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |    120000 | PA      | $139870.29    | 0.08%             | 2035-09-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE (CBT)DEC25                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $2963.88      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Allianz SE                                              | Allianz SE                                              | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      3209 | NS      | $1346514.71   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                                      | Meta Platforms Inc                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1780 | NS      | $1307196.40   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| E.ON SE                                                 | E.ON SE                                                 | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     54322 | NS      | $1021385.13   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| ENERGY TRANSFER LP                                      | Energy Transfer LP                                      | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25776.66     | 0.01%             | 2030-04-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe                | Bundesrepublik Deutschland Bundesanleihe                | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    440000 | PA      | $412204.26    | 0.24%             | 2038-05-15      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CH        |         1 | NC      | $-615.45      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                                       | BARCLAYS CAPITAL REPO                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | RA               | CORP              | US        |    640000 | PA      | $640000.00    | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1397000 | PA      | $1446768.13   | 0.83%             | 2028-10-31      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | NZ        |         1 | NC      | $128.22       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| JAPAN TREASURY DISC BILL                                | Japan Treasury Discount Bill                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | STIV             | NUSS              | JP        | 165000000 | PA      | $1115549.06   | 0.64%             | 2025-10-14      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| ONEOK INC                                               | ONEOK Inc                                               | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200216.50    | 0.12%             | 2027-09-24      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Boeing Co/The                                           | Boeing Co/The                                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      8073 | NS      | $1742395.59   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | GB        |         1 | NC      | $32.38        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Ferrari NV                                              | Ferrari NV                                              | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      2590 | NS      | $1251589.66   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Republic of Austria Government Bonds                    | Republic of Austria Government Bonds                    | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |    176000 | PA      | $149666.91    | 0.09%             | 2049-05-23      | Fixed         | 1.85%                 | No            | 2                  | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                | Columbia Pipelines Holding Co LLC                       | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50673.33     | 0.03%             | 2026-08-15      | Fixed         | 6.06%                 | No            | 2                  | On Loan: No      |
| DIAMONDBACK ENERGY INC                                  | Diamondback Energy Inc                                  | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116650.78    | 0.07%             | 2027-04-18      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Roper Technologies Inc                                  | Roper Technologies Inc                                  | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2033 | NS      | $1013836.77   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CND9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    216000 | PA      | $216691.87    | 0.12%             | 2028-05-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    576900 | PA      | $27391.06     | 0.02%             | 2053-07-31      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $574.09       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Spain Government Bonds                                  | Spain Government Bonds                                  | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    346000 | PA      | $407836.26    | 0.23%             | 2028-05-31      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| MALAYSIA GOVERNMENT                                     | Malaysia Government Bond                                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    132000 | PA      | $32184.89     | 0.02%             | 2034-07-05      | Fixed         | 3.83%                 | No            | 2                  | On Loan: No      |
| Citizens Financial Group Inc                            | Citizens Financial Group Inc                            | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     25533 | NS      | $1357334.28   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Portugal Obrigacoes do Tesouro OT                       | Portugal Obrigacoes do Tesouro OT                       | CUSIP: 000000000<br>LEI: 549300P6U1FJ3IMP7K42 | Long             | DBT              | NUSS              | PT        |     89000 | PA      | $103475.62    | 0.06%             | 2035-06-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                                  | Bank of New York Mellon Corp/The                        | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176200.23    | 0.10%             | 2028-06-09      | Fixed         | 4.44%                 | No            | 2                  | On Loan: No      |
| U.K. Gilts                                              | U.K. Gilts                                              | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    365400 | PA      | $411156.28    | 0.24%             | 2054-07-31      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| New Zealand Government Bonds                            | New Zealand Government Bonds                            | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    328000 | PA      | $194626.42    | 0.11%             | 2035-05-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| CZECH REPUBLIC                                          | Czech Republic Government Bond                          | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    720000 | PA      | $31939.55     | 0.02%             | 2035-05-30      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810FT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    122000 | PA      | $126003.13    | 0.07%             | 2036-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Live Nation Entertainment Inc                           | Live Nation Entertainment Inc                           | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      7375 | NS      | $1205075.00   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED KRW / SOLD USD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | KR        |         1 | NC      | $-218.36      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | JP        |         1 | NC      | $250.08       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810PU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    271000 | PA      | $290541.64    | 0.17%             | 2037-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                  | US 2YR NOTE (CBT) DEC25                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -2 | NC      | $250.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED HUF / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | HU        |         1 | NC      | $-88.32       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Ingersoll Rand Inc                                      | Ingersoll Rand Inc                                      | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     16311 | NS      | $1347614.82   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| RB Global Inc                                           | RB Global Inc                                           | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     11530 | NS      | $1248855.50   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| EVERSOURCE ENERGY                                       | Eversource Energy                                       | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25073.58     | 0.01%             | 2026-05-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $109.39       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Siemens AG                                              | Siemens AG                                              | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      5115 | NS      | $1376407.69   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| SK Hynix Inc                                            | SK Hynix Inc                                            | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      5634 | NS      | $1395399.31   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurex Deutschland                                       | SHORT EURO-BTP FU DEC25                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         3 | NC      | $-26.42       | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| AMGEN INC                                               | Amgen Inc                                               | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51167.25     | 0.03%             | 2028-03-02      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $82.48        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Haleon PLC                                              | Haleon PLC                                              | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    272112 | NS      | $1216461.96   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | JP        |         1 | NC      | $-20.23       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED SEK / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | SE        |         1 | NC      | $-20.37       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3287100 | PA      | $156070.61    | 0.09%             | 2053-07-31      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-652.17      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Sony Financial Group Inc                                | Sony Financial Group Inc                                | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     49100 | NS      | $54450.42     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| AT&T INC                                                | AT&T Inc                                                | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75736.62     | 0.04%             | 2028-02-01      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| ICE Futures Europe - Financial Products Division        | LONG GILT FUTURE DEC25                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |       -14 | NC      | $-5471.76     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe                | Bundesrepublik Deutschland Bundesanleihe                | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    637000 | PA      | $317089.52    | 0.18%             | 2052-08-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $-0.82        | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                    | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |         1 | NC      | $-180.83      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $274.32       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Sweden Government Bonds                                 | Sweden Government Bonds                                 | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |    555000 | PA      | $57152.69     | 0.03%             | 2035-05-11      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Rakuten Group Inc                                       | Rakuten Group Inc                                       | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | EC               | CORP              | JP        |    193800 | NS      | $1257927.58   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Inc                                               | Apple Inc                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     12989 | NS      | $3307389.07   | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2061000 | PA      | $2084266.75   | 1.20%             | 2034-11-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd               | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     63198 | NS      | $2705997.44   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| INTEL CORP                                              | Intel Corp                                              | CUSIP: 458140CD0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60121.07     | 0.03%             | 2026-02-10      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Japan Government Forty Year Bonds                       | Japan Government Forty Year Bonds                       | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  46700000 | PA      | $169447.56    | 0.10%             | 2062-03-20      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| MercadoLibre Inc                                        | MercadoLibre Inc                                        | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       468 | NS      | $1093687.92   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Nasdaq Inc                                              | Nasdaq Inc                                              | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     14116 | NS      | $1248560.20   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Clean Harbors Inc                                       | Clean Harbors Inc                                       | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      6007 | NS      | $1394945.54   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                       | Italy Buoni Poliennali Del Tesoro                       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    268000 | PA      | $316413.89    | 0.18%             | 2032-11-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED BRL / SOLD USD                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | BR        |         1 | NC      | $64.26        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 912828YQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1028000 | PA      | $1005512.50   | 0.58%             | 2026-10-31      | Fixed         | 1.63%                 | No            | 2                  | On Loan: No      |
| Canada Government Bonds                                 | Canada Government Bonds                                 | CUSIP: 135087Q49<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    211000 | PA      | $154643.88    | 0.09%             | 2028-09-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| AIA Group Ltd                                           | AIA Group Ltd                                           | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    141200 | NS      | $1354490.84   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    575500 | PA      | $434592.42    | 0.25%             | 2048-02-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Teva Pharmaceutical Industries Ltd                      | Teva Pharmaceutical Industries Ltd                      | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     60375 | NS      | $1219575.00   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Tencent Holdings Ltd                                    | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     21144 | NS      | $1801408.64   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| POLAND GOVERNMENT BOND                                  | Republic of Poland Government Bond                      | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    131000 | PA      | $29447.58     | 0.02%             | 2032-04-25      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Canada Government Bonds                                 | Canada Government Bonds                                 | CUSIP: 135087S62<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    255000 | PA      | $184399.98    | 0.11%             | 2035-06-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $584.09       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR ULTRA FUT DEC25                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -26 | NC      | $-17522.06    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED SEK / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | SE        |         1 | NC      | $42.45        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| MEX BONOS DESARR FIX RT                                 | Mexican Bonos                                           | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1163500 | PA      | $64170.23     | 0.04%             | 2030-02-28      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                           | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9073.08      | 0.01%             | 2055-09-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| MALAYSIA GOVERNMENT                                     | Malaysia Government Bond                                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    313000 | PA      | $75058.27     | 0.04%             | 2028-04-20      | Fixed         | 3.52%                 | No            | 2                  | On Loan: No      |
| Kingdom of Belgium Government Bonds                     | Kingdom of Belgium Government Bonds                     | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |     93000 | PA      | $96443.86     | 0.06%             | 2055-06-22      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    204000 | PA      | $236423.89    | 0.14%             | 2033-05-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Japan Government Thirty Year Bonds                      | Japan Government Thirty Year Bonds                      | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  99350000 | PA      | $384810.36    | 0.22%             | 2049-12-20      | Fixed         | 0.40%                 | No            | 2                  | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-90.80       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                       | Italy Buoni Poliennali Del Tesoro                       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    793000 | PA      | $920233.50    | 0.53%             | 2040-10-01      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| Japan Government Ten Year Bonds                         | Japan Government Ten Year Bonds                         | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  39100000 | PA      | $247460.15    | 0.14%             | 2032-12-20      | Fixed         | 0.50%                 | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    559000 | PA      | $660442.76    | 0.38%             | 2027-09-24      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Eurex Deutschland                                       | EURO-BTP FUTURE DEC25                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -1 | NC      | $803.73       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Bonds                                     | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    573000 | PA      | $373837.74    | 0.22%             | 2040-11-15      | Fixed         | 1.38%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                                     | American Express Co                                     | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76181.96     | 0.04%             | 2029-04-25      | Fixed         | 4.73%                 | No            | 2                  | On Loan: No      |
| HDFC Bank Ltd                                           | HDFC Bank Ltd                                           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     35284 | NS      | $1205301.44   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Republic of Austria Government Bonds                    | Republic of Austria Government Bonds                    | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |    175000 | PA      | $214450.98    | 0.12%             | 2030-10-20      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co                                          | Eli Lilly & Co                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2042 | NS      | $1558046.00   | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglo American PLC                                      | Anglo American PLC                                      | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     36803 | NS      | $1378472.93   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Bank AG                                        | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | AU        |         1 | NC      | $141.54       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Amazon.com Inc                                          | Amazon.com Inc                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     20291 | NS      | $4455294.87   | 2.57%             |  |  |  | No            | 1                  | On Loan: No      |
| JAPAN TREASURY DISC BILL                                | Japan Treasury Discount Bill                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | STIV             | NUSS              | JP        | 150450000 | PA      | $1016904.86   | 0.59%             | 2025-11-04      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Norway Government Bonds                                 | Norway Government Bonds                                 | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |    238000 | PA      | $23283.51     | 0.01%             | 2035-06-12      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| BofA Securities, Inc.                                   | BANK OF AMERICA MASTER NOTE                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |    460000 | PA      | $460000.00    | 0.26%             |  |  |  | No            | N/A                | On Loan: No      |
| Infineon Technologies AG                                | Infineon Technologies AG                                | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     30391 | NS      | $1184595.05   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS AG                                                  | PURCHASED USD / SOLD CNH                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $226.20       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTHERN CAL EDISON                                     | Southern California Edison Co                           | CUSIP: 842400JH7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     61000 | PA      | $59197.66     | 0.03%             | 2055-03-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD BRL                                | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-53.89       | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS AG                                                  | PURCHASED CNH / SOLD USD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | CN        |         1 | NC      | $-366.35      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Motorola Solutions Inc                                  | Motorola Solutions Inc                                  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2650 | NS      | $1211818.50   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS AG                                                  | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $5951.96      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Australia Government Bonds                              | Australia Government Bonds                              | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |     94000 | PA      | $33131.96     | 0.02%             | 2051-06-21      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Fast Retailing Co Ltd                                   | Fast Retailing Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |      2601 | NS      | $792163.10    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                     | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1690000 | PA      | $1700694.52   | 0.98%             | 2030-04-30      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| IDEXX Laboratories Inc                                  | IDEXX Laboratories Inc                                  | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1592 | NS      | $1017112.88   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurex Deutschland                                       | EURO-BUXL 30Y BND DEC25                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -4 | NC      | $-13918.32    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal              | CAN 10YR BOND FUT DEC25                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         1 | NC      | $524.54       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NZ        |         1 | NC      | $153.60       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AU        |         1 | NC      | $189.05       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| MALAYSIA GOVERNMENT                                     | Malaysia Government Bond                                | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    172000 | PA      | $41840.87     | 0.02%             | 2029-08-15      | Fixed         | 3.89%                 | No            | 2                  | On Loan: No      |
| CISCO SYSTEMS INC                                       | Cisco Systems Inc                                       | CUSIP: 17275RBQ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80960.45     | 0.05%             | 2027-02-26      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| UBS AG                                                  | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | NZ        |         1 | NC      | $-1541.57     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Israel Government Bonds - Fixed                         | Israel Government Bonds - Fixed                         | CUSIP: 000000000<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    122000 | PA      | $31322.93     | 0.02%             | 2032-04-30      | Fixed         | 1.30%                 | No            | 2                  | On Loan: No      |
| French Republic Government Bonds OAT                    | French Republic Government Bonds OAT                    | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    526000 | PA      | $588223.17    | 0.34%             | 2042-05-25      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** SUNAMERICA SERIES TRUST

**Signature:** Shawn Parry

**Name of Signer:** Shawn Parry

**Title:** Assistant Treasurer