# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-000576
**Filing Date:** 2025-9
**Character Count:** 734736
**Document Hash:** 1be5264400752215923220cf5ed3b9be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000576.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0000910472-25-000576

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250902

**DATE AS OF CHANGE**: 20250902

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 251284996

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### Navigator Tactical Investment Grade Bond Fund (Series ID: S000070871)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000225122 | Navigator Tactical Investment Grade Bond Fund Class I | NTIIX           |

## Nport-Ex

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Shares** |  |  |  |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUND — 8.4%** | **EXCHANGE-TRADED FUND — 8.4%** | **EXCHANGE-TRADED FUND — 8.4%** | **EXCHANGE-TRADED FUND — 8.4%** |  |
|  | **FIXED INCOME - 8.4%** | **FIXED INCOME - 8.4%** | **FIXED INCOME - 8.4%** | **FIXED INCOME - 8.4%** |  |
| 8000000 | iShares iBoxx $ High Yield Corporate Bond ETF | iShares iBoxx $ High Yield Corporate Bond ETF | iShares iBoxx $ High Yield Corporate Bond ETF | iShares iBoxx $ High Yield Corporate Bond ETF | $643040000 |
|  | **TOTAL EXCHANGE-TRADED FUND (Cost $630,506,100)** | **TOTAL EXCHANGE-TRADED FUND (Cost $630,506,100)** | **TOTAL EXCHANGE-TRADED FUND (Cost $630,506,100)** | **TOTAL EXCHANGE-TRADED FUND (Cost $630,506,100)** | 643040000 |
|  | **OPEN-END FUNDS — 1.6%** | **OPEN-END FUNDS — 1.6%** | **OPEN-END FUNDS — 1.6%** | **OPEN-END FUNDS — 1.6%** |  |
|  | **FIXED INCOME - 0.7%** | **FIXED INCOME - 0.7%** | **FIXED INCOME - 0.7%** | **FIXED INCOME - 0.7%** |  |
| 5682554 | Navigator Ultra Short Bond Fund, Class I | Navigator Ultra Short Bond Fund, Class I | Navigator Ultra Short Bond Fund, Class I | Navigator Ultra Short Bond Fund, Class I | 57393790 |
|  | **MIXED ALLOCATION - 0.9%** | **MIXED ALLOCATION - 0.9%** | **MIXED ALLOCATION - 0.9%** | **MIXED ALLOCATION - 0.9%** |  |
| 6646904 | Navigator Tactical US Allocation Fund, Class I | Navigator Tactical US Allocation Fund, Class I | Navigator Tactical US Allocation Fund, Class I | Navigator Tactical US Allocation Fund, Class I | 65405534 |
|  | **TOTAL OPEN-END FUNDS (Cost $123,709,954)** | **TOTAL OPEN-END FUNDS (Cost $123,709,954)** | **TOTAL OPEN-END FUNDS (Cost $123,709,954)** | **TOTAL OPEN-END FUNDS (Cost $123,709,954)** | 122799324 |
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** |  |
|  | **CORPORATE BONDS — 47.0%** | **CORPORATE BONDS — 47.0%** |  |  |  |
|  | **AEROSPACE & DEFENSE — 1.3%** |  |  |  |  |
| 6309000 | BAE Systems Holdings, Inc.<sup>(a)</sup> |  | 3.8500 | &nbsp;&nbsp;12/15/25 | 6289807 |
| 80000000 | Boeing Company |  | 2.1960 | &nbsp;&nbsp;02/04/26 | 78949544 |
| 14044000 | Teledyne Technologies, Inc. |  | 1.6000 | &nbsp;&nbsp;04/01/26 | 13761650 |
|  |  |  |  |  | 99001001 |
|  | **ASSET MANAGEMENT — 0.2%** |  |  |  |  |
| 16716000 | Charles Schwab Corporation<sup>(b)</sup> | SOFRRATE + 0.520% | 4.8560 | &nbsp;&nbsp;05/13/26 | 16725372 |
|  | **AUTOMOTIVE — 7.0%** |  |  |  |  |
| 57500000 | American Honda Finance Corporation<sup>(b)</sup> | SOFRRATE + 0.600% | 4.9370 | &nbsp;&nbsp;08/14/25 | 57509744 |
| 41868000 | American Honda Finance Corporation<sup>(b)</sup> | SOFRRATE + 0.500% | 4.8290 | &nbsp;&nbsp;10/10/25 | 41884192 |
| 25000000 | American Honda Finance Corporation<sup>(b)</sup> | SOFRRATE + 0.500% | 4.8280 | &nbsp;&nbsp;01/12/26 | 25023859 |
| 30000000 | American Honda Finance Corporation<sup>(b)</sup> | SOFRRATE + 0.650% | 4.9890 | &nbsp;&nbsp;05/20/26 | 30062322 |
| 23000000 | American Honda Finance Corporation<sup>(b)</sup> | SOFRRATE + 0.870% | 5.1990 | &nbsp;&nbsp;07/09/27 | 23083227 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 47.0% (Continued)** | **CORPORATE BONDS — 47.0% (Continued)** |  |  | |
|  | **AUTOMOTIVE — 7.0% (Continued)** |  |  |  |  |
| 14700000 | BMW US Capital, LLC<sup>(a),(b)</sup> | SOFRINDX + 0.800% | 5.1360 | &nbsp;&nbsp;08/13/26 | $14739603 |
| 28000000 | BMW US Capital, LLC<sup>(a),(b)</sup> | SOFRINDX + 0.780% | 5.1260 | &nbsp;&nbsp;03/19/27 | 28026252 |
| 15214000 | Ford Motor Credit Company, LLC |  | 4.1340 | &nbsp;&nbsp;08/04/25 | 15212627 |
| 39000000 | Ford Motor Credit Company, LLC<sup>(b)</sup> | SOFRRATE + 1.450% | 5.7900 | &nbsp;&nbsp;11/05/26 | 38840471 |
| 9033000 | General Motors Financial Company, Inc. |  | 1.2500 | &nbsp;&nbsp;01/08/26 | 8900582 |
| 12719000 | General Motors Financial Company, Inc. |  | 5.4000 | &nbsp;&nbsp;04/06/26 | 12780698 |
| 42000000 | Hyundai Capital America<sup>(a),(b)</sup> | SOFRRATE + 0.990% | 5.3410 | &nbsp;&nbsp;03/25/27 | 42072504 |
| 56000000 | Mercedes-Benz Finance North America, LLC<sup>(a),(b)</sup> | SOFRRATE + 0.780% | 5.1310 | &nbsp;&nbsp;04/01/27 | 56041283 |
| 30000000 | Toyota Motor Credit Corporation<sup>(b)</sup> | SOFRRATE + 0.450% | 4.7790 | &nbsp;&nbsp;04/10/26 | 30032795 |
| 40000000 | Toyota Motor Credit Corporation<sup>(b)</sup> | SOFRRATE + 0.470% | 4.8040 | &nbsp;&nbsp;01/08/27 | 40000019 |
| 20000000 | Volkswagen Group of America Finance, LLC<sup>(a),(b)</sup> | SOFRRATE + 0.830% | 5.1760 | &nbsp;&nbsp;03/20/26 | 20019325 |
| 23688000 | Volkswagen Group of America Finance, LLC<sup>(a),(b)</sup> | SOFRRATE + 1.060% | 5.3970 | &nbsp;&nbsp;08/14/26 | 23763704 |
| 30000000 | Volkswagen Group of America Finance, LLC<sup>(a),(b)</sup> | SOFRRATE + 1.060% | 5.4110 | &nbsp;&nbsp;03/25/27 | 30017401 |
|  |  |  |  |  | 538010608 |
|  | **BANKING — 7.9%** |  |  |  |  |
| 43284000 | Bank of America Corporation<sup>(c)</sup> | SOFRRATE + 1.010% | 1.1970 | &nbsp;&nbsp;10/24/26 | 42939229 |
| 20000000 | Bank of America Corporation<sup>(c)</sup> | SOFRRATE + 0.960% | 1.7340 | &nbsp;&nbsp;07/22/27 | 19452126 |
| 25000000 | Citibank NA<sup>(b)</sup> | SOFRINDX + 0.590% | 4.9500 | &nbsp;&nbsp;04/30/26 | 25055833 |
| 40000000 | Citibank NA<sup>(b)</sup> | SOFRINDX + 0.708% | 5.0470 | &nbsp;&nbsp;08/06/26 | 40170318 |
| 58000000 | Citibank NA<sup>(b)</sup> | SOFRRATE + 0.781% | 5.1220 | &nbsp;&nbsp;05/29/27 | 58280569 |
| 24037000 | Citigroup, Inc.<sup>(c)</sup> | SOFRRATE + 1.546% | 5.6100 | &nbsp;&nbsp;09/29/26 | 24066474 |
| 43201000 | Citigroup, Inc.<sup>(c)</sup> | SOFRRATE + 0.765% | 1.1220 | &nbsp;&nbsp;01/28/27 | 42436155 |
| 20000000 | Commonwealth Bank of Australia<sup>(a),(b)</sup> | SOFRRATE + 0.460% | 4.7980 | &nbsp;&nbsp;11/27/26 | 20044324 |
| 38000000 | Cooperatieve Rabobank UA<sup>(b)</sup> | SOFRRATE + 0.620% | 4.9590 | &nbsp;&nbsp;08/28/26 | 38146454 |
| 100000000 | JPMorgan Chase & Company<sup>(c)</sup> | SOFRRATE + 0.800% | 1.0450 | &nbsp;&nbsp;11/19/26 | 98907566 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 47.0% (Continued)** | **CORPORATE BONDS — 47.0% (Continued)** |  |  | |
|  | **BANKING — 7.9% (Continued)** |  |  |  |  |
| 35535000 | JPMorgan Chase & Company<sup>(c)</sup> | US0003M + 1.245% | 3.9600 | &nbsp;&nbsp;01/29/27 | $35445059 |
| 69572000 | JPMorgan Chase & Company<sup>(c)</sup> | SOFRRATE + 0.765% | 1.4700 | &nbsp;&nbsp;09/22/27 | 67211147 |
| 6316000 | PNC Bank NA<sup>(c)</sup> | SOFRRATE + 0.630% | 4.5430 | &nbsp;&nbsp;05/13/27 | 6308803 |
| 47750000 | Toronto-Dominion Bank<sup>(b)</sup> | SOFRRATE + 0.480% | 4.8090 | &nbsp;&nbsp;10/10/25 | 47777600 |
| 37138000 | Wells Fargo & Company<sup>(c)</sup> | SOFRRATE + 1.560% | 4.5400 | &nbsp;&nbsp;08/15/26 | 37127589 |
|  |  |  |  |  | 603369246 |
|  | **BEVERAGES — 0.8%** |  |  |  |  |
| 57500000 | Keurig Dr Pepper, Inc.<sup>(b)</sup> | SOFRRATE + 0.580% | 4.9200 | &nbsp;&nbsp;11/15/26 | 57647006 |
|  | **BIOTECH & PHARMA — 2.5%** |  |  |  |  |
| 40844000 | Amgen, Inc. |  | 5.5070 | &nbsp;&nbsp;03/02/26 | 40844128 |
| 26547000 | Bayer US Finance II, LLC<sup>(a)</sup> |  | 4.2500 | &nbsp;&nbsp;12/15/25 | 26481696 |
| 48000000 | GlaxoSmithKline Capital plc<sup>(b)</sup> | SOFRRATE + 0.500% | 4.8410 | &nbsp;&nbsp;03/12/27 | 48184880 |
| 75028000 | Royalty Pharma plc |  | 1.2000 | &nbsp;&nbsp;09/02/25 | 74773543 |
|  |  |  |  |  | 190284247 |
|  | **CABLE & SATELLITE** — **0.0%<sup>(d)</sup>** |  |  |  |  |
| 1200000 | Cequel Communications Holdings I, LLC / Cequel<sup>(a)</sup> |  | 7.5000 | &nbsp;&nbsp;04/01/28 | 981000 |
|  | **CHEMICALS — 1.0%** |  |  |  |  |
| 57962000 | DuPont de Nemours, Inc. |  | 4.4930 | &nbsp;&nbsp;11/15/25 | 57900820 |
| 16160000 | International Flavors & Fragrances, Inc.<sup>(a)</sup> |  | 1.2300 | &nbsp;&nbsp;10/01/25 | 16051087 |
|  |  |  |  |  | 73951907 |
|  | **COMMERCIAL SUPPORT SERVICES — 0.9%** |  |  |  |  |
| 45576000 | Block Financial, LLC |  | 5.2500 | &nbsp;&nbsp;10/01/25 | 45584952 |
| 20438000 | TR Finance, LLC |  | 3.3500 | &nbsp;&nbsp;05/15/26 | 20198244 |
|  |  |  |  |  | 65783196 |
|  | **E-COMMERCE DISCRETIONARY — 0.2%** |  |  |  |  |
| 15997000 | eBay, Inc. |  | 1.4000 | &nbsp;&nbsp;05/10/26 | 15625581 |
|  | **ELECTRIC UTILITIES — 0.8%** |  |  |  |  |
| 40116000 | Duke Energy Corporation |  | 0.9000 | &nbsp;&nbsp;09/15/25 | 39921327 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 47.0% (Continued)** | **CORPORATE BONDS — 47.0% (Continued)** |  |  | |
|  | **ELECTRIC UTILITIES — 0.8% (Continued)** |  |  |  |  |
| 11094000 | Entergy Corporation |  | 0.9000 | &nbsp;&nbsp;09/15/25 | $11043746 |
| 11914000 | Southern Company |  | 5.1500 | &nbsp;&nbsp;10/06/25 | 11918540 |
|  |  |  |  |  | 62883613 |
|  | **ELECTRICAL EQUIPMENT — 0.4%** |  |  |  |  |
| 10000000 | Fortive Corporation |  | 3.1500 | &nbsp;&nbsp;06/15/26 | 9864388 |
| 18379000 | Johnson Controls International plc |  | 3.9000 | &nbsp;&nbsp;02/14/26 | 18295676 |
|  |  |  |  |  | 28160064 |
|  | **FOOD — 2.1%** |  |  |  |  |
| 62597000 | Conagra Brands, Inc. |  | 4.6000 | &nbsp;&nbsp;11/01/25 | 62522125 |
| 35665000 | Kellogg Company |  | 3.2500 | &nbsp;&nbsp;04/01/26 | 35407846 |
| 63774000 | Kraft Heinz Foods Company |  | 3.0000 | &nbsp;&nbsp;06/01/26 | 62949798 |
| 1999000 | McCormick & Company, Inc. |  | 3.2500 | &nbsp;&nbsp;11/15/25 | 1989661 |
|  |  |  |  |  | 162869430 |
|  | **HEALTH CARE FACILITIES & SERVICES — 2.8%** |  |  |  |  |
| 73051000 | CVS Health Corporation |  | 2.8750 | &nbsp;&nbsp;06/01/26 | 72034572 |
| 5227000 | CVS Health Corporation |  | 3.0000 | &nbsp;&nbsp;08/15/26 | 5138873 |
| 28032000 | Elevance Health, Inc. |  | 4.9000 | &nbsp;&nbsp;02/08/26 | 28033236 |
| 73765000 | HCA, Inc. |  | 5.8750 | &nbsp;&nbsp;02/15/26 | 73824868 |
| 36956000 | HCA, Inc. |  | 5.2500 | &nbsp;&nbsp;06/15/26 | 37010352 |
|  |  |  |  |  | 216041901 |
|  | **HOME CONSTRUCTION — 0.2%** |  |  |  |  |
| 18510000 | DR Horton, Inc. |  | 2.6000 | &nbsp;&nbsp;10/15/25 | 18431687 |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 3.7%** |  |  |  |  |
| 61165000 | Goldman Sachs Group, Inc.<sup>(c)</sup> | SOFRRATE + 1.075% | 5.7980 | &nbsp;&nbsp;08/10/26 | 61177592 |
| 8440000 | Goldman Sachs Group, Inc.<sup>(c)</sup> | SOFRRATE + 0.789% | 1.0930 | &nbsp;&nbsp;12/09/26 | 8331384 |
| 20000000 | Jefferies Financial Group, Inc. |  | 5.0000 | &nbsp;&nbsp;02/10/26 | 19992073 |
| 19000000 | Jefferies Financial Group, Inc. |  | 5.0300 | &nbsp;&nbsp;03/16/26 | 19017232 |
| 18000000 | Morgan Stanley<sup>(c)</sup> | SOFRRATE + 1.770% | 6.1380 | &nbsp;&nbsp;10/16/26 | 18047633 |
| 40000000 | Morgan Stanley<sup>(c)</sup> | SOFRRATE + 0.720% | 0.9850 | &nbsp;&nbsp;12/10/26 | 39469315 |
| 100000000 | Morgan Stanley<sup>(c)</sup> | SOFRRATE + 0.879% | 1.5930 | &nbsp;&nbsp;05/04/27 | 97750206 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 47.0% (Continued)** | **CORPORATE BONDS — 47.0% (Continued)** |  |  | |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 3.7% (Continued)** |  |  |  |  |
| 20000000 | State Street Bank & Trust Company<sup>(b)</sup> | SOFRRATE + 0.460% | 4.7970 | &nbsp;&nbsp;11/25/26 | $20016942 |
|  |  |  |  |  | 283802377 |
|  | **LEISURE FACILITIES & SERVICES — 0.5%** |  |  |  |  |
| 9626000 | Marriott International, Inc. |  | 3.1250 | &nbsp;&nbsp;06/15/26 | 9512495 |
| 31262000 | Royal Caribbean Cruises Ltd.<sup>(a)</sup> |  | 4.2500 | &nbsp;&nbsp;07/01/26 | 31172339 |
|  |  |  |  |  | 40684834 |
|  | **MACHINERY — 1.1%** |  |  |  |  |
| 42000000 | Caterpillar Financial Services Corporation<sup>(b)</sup> | SOFRRATE + 0.690% | 5.0200 | &nbsp;&nbsp;10/16/26 | 42228362 |
| 40000000 | Caterpillar Financial Services Corporation<sup>(b)</sup> | SOFRRATE + 0.380% | 4.7170 | &nbsp;&nbsp;01/07/27 | 40032481 |
|  |  |  |  |  | 82260843 |
|  | **MEDICAL EQUIPMENT & DEVICES — 0.5%** |  |  |  |  |
| 41554000 | GE HealthCare Technologies, Inc. |  | 5.6000 | &nbsp;&nbsp;11/15/25 | 41627675 |
|  | **OIL & GAS PRODUCERS — 2.8%** |  |  |  |  |
| 48317000 | Chevron USA, Inc.<sup>(b)</sup> | SOFRINDX + 0.360% | 4.6980 | &nbsp;&nbsp;02/26/27 | 48408735 |
| 6994000 | MPLX, L.P. B |  | 1.7500 | &nbsp;&nbsp;03/01/26 | 6876937 |
| 13975000 | Pioneer Natural Resources Company |  | 5.1000 | &nbsp;&nbsp;03/29/26 | 14028622 |
| 77565000 | Plains All American Pipeline, L.P. / PAA Finance |  | 4.6500 | &nbsp;&nbsp;10/15/25 | 77544169 |
| 63819000 | Williams Companies, Inc. |  | 4.0000 | &nbsp;&nbsp;09/15/25 | 63740083 |
|  |  |  |  |  | 210598546 |
|  | **REAL ESTATE INVESTMENT TRUSTS — 2.2%** |  |  |  |  |
| 26409000 | Crown Castle International Corporation |  | 3.7000 | &nbsp;&nbsp;06/15/26 | 26195450 |
| 50075000 | Equinix, Inc. |  | 1.4500 | &nbsp;&nbsp;05/15/26 | 48804739 |
| 53714000 | Realty Income Corporation |  | 4.6250 | &nbsp;&nbsp;11/01/25 | 53689064 |
| 39142000 | Weyerhaeuser Company |  | 4.7500 | &nbsp;&nbsp;05/15/26 | 39192535 |
|  |  |  |  |  | 167881788 |
|  | **RETAIL - CONSUMER STAPLES — 0.4%** |  |  |  |  |
| 33500000 | Walmart, Inc.<sup>(b)</sup> | SOFRINDX + 0.430% | 4.7810 | &nbsp;&nbsp;04/28/27 | 33644935 |
|  | **RETAIL - DISCRETIONARY — 1.2%** |  |  |  |  |
| 18349000 | AutoZone, Inc. |  | 3.1250 | &nbsp;&nbsp;04/21/26 | 18148978 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 47.0% (Continued)** | **CORPORATE BONDS — 47.0% (Continued)** |  |  | |
|  | **RETAIL - DISCRETIONARY — 1.2% (Continued)** |  |  |  |  |
| 63656000 | Lowe's Companies, Inc. |  | 4.8000 | &nbsp;&nbsp;04/01/26 | $63725211 |
| 10127000 | Ross Stores, Inc. |  | 0.8750 | &nbsp;&nbsp;04/15/26 | 9864394 |
|  |  |  |  |  | 91738583 |
|  | **SOFTWARE — 1.8%** |  |  |  |  |
| 22876000 | Fortinet, Inc. |  | 1.0000 | &nbsp;&nbsp;03/15/26 | 22373746 |
| 70768000 | Oracle Corporation |  | 1.6500 | &nbsp;&nbsp;03/25/26 | 69459072 |
| 50000000 | Oracle Corporation |  | 2.6500 | &nbsp;&nbsp;07/15/26 | 49116409 |
|  |  |  |  |  | 140949227 |
|  | **SPECIALTY FINANCE — 0.4%** |  |  |  |  |
| 11068000 | American Express Company<sup>(c)</sup> | SOFRRATE + 1.330% | 6.3380 | &nbsp;&nbsp;10/30/26 | 11112118 |
| 22696000 | NTT Finance Corporation<sup>(a)</sup> |  | 1.1620 | &nbsp;&nbsp;04/03/26 | 22189404 |
|  |  |  |  |  | 33301522 |
|  | **STEEL — 0.1%** |  |  |  |  |
| 5203000 | Reliance, Inc. |  | 1.3000 | &nbsp;&nbsp;08/15/25 | 5196016 |
|  | **TECHNOLOGY HARDWARE — 0.4%** |  |  |  |  |
| 33000000 | Dell International, LLC / EMC Corporation |  | 6.0200 | &nbsp;&nbsp;06/15/26 | 33283784 |
|  | **TECHNOLOGY SERVICES — 1.3%** |  |  |  |  |
| 3225000 | Fidelity National Information Services, Inc. |  | 1.1500 | &nbsp;&nbsp;03/01/26 | 3160646 |
| 100000000 | International Business Machines Corporation |  | 3.3000 | &nbsp;&nbsp;05/15/26 | 99132076 |
|  |  |  |  |  | 102292722 |
|  | **TELECOMMUNICATIONS — 2.2%** |  |  |  |  |
| 83800000 | Sprint, LLC |  | 7.6250 | &nbsp;&nbsp;03/01/26 | 84438329 |
| 54946000 | T-Mobile USA, Inc. |  | 1.5000 | &nbsp;&nbsp;02/15/26 | 54055614 |
| 27478000 | T-Mobile USA, Inc. |  | 2.2500 | &nbsp;&nbsp;02/15/26 | 27102288 |
|  |  |  |  |  | 165596231 |
|  | **TOBACCO & CANNABIS — 0.3%** |  |  |  |  |
| 21230000 | Altria Group, Inc. |  | 4.4000 | &nbsp;&nbsp;02/14/26 | 21186893 |
|  | **TOTAL CORPORATE BONDS (Cost $3,599,626,553)** |  |  |  | 3603811835 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Coupon Rate<br> (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 30.5%** |  |  |  |
|  | **U.S. TREASURY BILLS — 30.5%** |  |  |  |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 3.7400 | &nbsp;&nbsp;08/07/25 | $149892609 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.0200 | &nbsp;&nbsp;08/14/25 | 149769251 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.1300 | &nbsp;&nbsp;08/21/25 | 149644167 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.1900 | &nbsp;&nbsp;08/28/25 | 149518838 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.2300 | &nbsp;&nbsp;09/04/25 | 149393879 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.2600 | &nbsp;&nbsp;09/11/25 | 149268386 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.2600 | &nbsp;&nbsp;09/18/25 | 149148000 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.2900 | &nbsp;&nbsp;09/25/25 | 149018766 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.2600 | &nbsp;&nbsp;10/02/25 | 148904667 |
| 150000000 | United States Treasury Bill<sup>(e)</sup> | 4.2800 | &nbsp;&nbsp;10/09/25 | 148779167 |
| 50000000 | United States Treasury Bill<sup>(e)</sup> | 4.2800 | &nbsp;&nbsp;10/16/25 | 49553069 |
| 50000000 | United States Treasury Bill<sup>(e)</sup> | 4.2900 | &nbsp;&nbsp;10/23/25 | 49511511 |
| 200000000 | United States Treasury Bill<sup>(e)</sup> | 4.2900 | &nbsp;&nbsp;10/30/25 | 197881249 |
| 250000000 | United States Treasury Note | 3.5000 | &nbsp;&nbsp;09/30/29 | 245903319 |
| 300000000 | United States Treasury Note | 4.1250 | &nbsp;&nbsp;10/31/29 | 302208983 |
|  |  |  |  | 2338395861 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,335,166,308)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,335,166,308)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,335,166,308)** | 2338395861 |
| **Shares** |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 6.9%** | **SHORT-TERM INVESTMENTS — 6.9%** | **SHORT-TERM INVESTMENTS — 6.9%** |  |
|  | **MONEY MARKET FUND - 6.9%** | **MONEY MARKET FUND - 6.9%** | **MONEY MARKET FUND - 6.9%** |  |
| 530320739 | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15%<br> (Cost $530,320,739)<sup>(f)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15%<br> (Cost $530,320,739)<sup>(f)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15%<br> (Cost $530,320,739)<sup>(f)</sup> | 530320739 |
|  | **TOTAL INVESTMENTS - 94.4% (Cost $7,219,329,654)** | **TOTAL INVESTMENTS - 94.4% (Cost $7,219,329,654)** | **TOTAL INVESTMENTS - 94.4% (Cost $7,219,329,654)** | $7238367759 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 5.6%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 5.6%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 5.6%** | 426516287 |
|  | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | $7664884046 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |
| **Number of <br> Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional<br> Amount** | **Unrealized<br> Appreciation** |
| 19250 | CBOT 5 Year US Treasury Notes | 10/01/2025 | $2082308594 | $6444980 |
| 1070 | CME E-Mini Standard & Poor's 500 Index Futures | 09/22/2025 | 341022375 | 15987280 |
|  | **TOTAL FUTURES CONTRACTS** |  |  | $22432260 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL FIXED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| SOFRINDX | Secured Overnight Financing Rate Index |
| SOFRRATE | United States SOFR Secured Overnight Financing Rate |
| US0003M | US Treasury 3 Month Bill Money Market Yield |

---

<sup>(a)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025 the total market value of 144A securities is $337,889,730 or 4.4% of net assets.

<sup>(b)</sup> Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

<sup>(c)</sup> Variable rate security; the rate shown represents the rate on July 31, 2025.

<sup>(d)</sup> Percentage rounds to less than 0.1%.

<sup>(e)</sup> Zero coupon bond; rate disclosed is the effective yield as of July 31, 2025.

<sup>(f)</sup> Rate disclosed is the seven-day effective yield as of July 31, 2025.

---

| |
|:---|
| **OPEN CREDIT DEFAULT SWAP AGREEMENTS <sup>(1)</sup>** |
| **OPEN CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION <sup>(2)</sup>** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Counterparty | Termination <br> Date | Interest Rate <br> Payable | Payment <br> Frequency | Notional Value at <br> July 31, 2025 | Value | Upfront <br> Premiums Paid | Unrealized <br> Appreciation |
| CDX North American High Yield Series 42 | GS | 6/20/2029 | 5.00% | Quarterly | $329900000 | $26596318 | $19761226 | $6835092 |
| CDX North American High Yield Series 43 | GS | 12/20/2029 | 5.00% | Quarterly | 273600000 | 20792323 | 12027101 | 8765222 |
| CDX North American High Yield Series 44 | GS | 6/20/2030 | 5.00% | Quarterly | 2290000000 | 179071894 | 97581064 | 81490830 |
| CDX North American High Yield Series 44 | MS | 6/20/2030 | 5.00% | Quarterly | 84000000 | 6568576 | 3481748 | 3086828 |
| **TOTAL** |  |  |  |  |  | $233029111 | $132851139 | $100177972 |

---

GS - Goldman Sachs <br>MS - Morgan Stanley

<sup>(1)</sup> For centrally cleared swaps, the notional amounts represent the maximum potential the Fund may pay/receive as a seller/buyer of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference entity.

<sup>(2)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference entity and take delivery of the reference entity or (ii) pay a net amount equal to the par value of the defaulted reference entity less its recovery value.

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8%** |  |  |  |  |
|  | **AEROSPACE & DEFENSE — 1.9%** |  |  |  |  |
| 800000 | Boeing Company |  | 6.2980 | &nbsp;&nbsp;05/01/29 | $844773 |
| 1500000 | Boeing Company |  | 5.1500 | &nbsp;&nbsp;05/01/30 | 1524658 |
| 100000 | Boeing Company |  | 3.6250 | &nbsp;&nbsp;02/01/31 | 94369 |
| 1100000 | Boeing Company |  | 6.5280 | &nbsp;&nbsp;05/01/34 | 1197691 |
| 1100000 | Boeing Company |  | 5.7050 | &nbsp;&nbsp;05/01/40 | 1093349 |
| 1000000 | Boeing Company |  | 5.8050 | &nbsp;&nbsp;05/01/50 | 965490 |
| 800000 | Boeing Company |  | 6.8580 | &nbsp;&nbsp;05/01/54 | 880856 |
| 1400000 | Boeing Company |  | 5.9300 | &nbsp;&nbsp;05/01/60 | 1340220 |
| 600000 | Boeing Company |  | 7.0080 | &nbsp;&nbsp;05/01/64 | 664070 |
| 1100000 | General Dynamics Corporation |  | 3.6250 | &nbsp;&nbsp;04/01/30 | 1068116 |
| 900000 | L3Harris Technologies, Inc. |  | 4.4000 | &nbsp;&nbsp;06/15/28 | 899606 |
| 500000 | L3Harris Technologies, Inc. |  | 5.4000 | &nbsp;&nbsp;07/31/33 | 513457 |
| 500000 | L3Harris Technologies, Inc. |  | 5.3500 | &nbsp;&nbsp;06/01/34 | 509663 |
| 500000 | Lockheed Martin Corporation |  | 5.2500 | &nbsp;&nbsp;01/15/33 | 516152 |
| 800000 | Lockheed Martin Corporation |  | 4.0700 | &nbsp;&nbsp;12/15/42 | 668301 |
| 800000 | Lockheed Martin Corporation |  | 3.8000 | &nbsp;&nbsp;03/01/45 | 628375 |
| 900000 | Lockheed Martin Corporation |  | 4.0900 | &nbsp;&nbsp;09/15/52 | 703812 |
| 600000 | Lockheed Martin Corporation |  | 5.2000 | &nbsp;&nbsp;02/15/55 | 559843 |
| 700000 | Northrop Grumman Corporation |  | 4.4000 | &nbsp;&nbsp;05/01/30 | 698994 |
| 400000 | Northrop Grumman Corporation |  | 5.2000 | &nbsp;&nbsp;06/01/54 | 371181 |
| 900000 | Raytheon Technologies Corporation |  | 4.1500 | &nbsp;&nbsp;05/15/45 | 735708 |
| 1100000 | Raytheon Technologies Corporation |  | 3.0300 | &nbsp;&nbsp;03/15/52 | 701831 |
| 1200000 | RTX Corporation |  | 4.1250 | &nbsp;&nbsp;11/16/28 | 1191799 |
| 700000 | RTX Corporation |  | 2.2500 | &nbsp;&nbsp;07/01/30 | 630756 |
| 300000 | RTX Corporation |  | 6.0000 | &nbsp;&nbsp;03/15/31 | 320939 |
| 700000 | RTX Corporation |  | 5.1500 | &nbsp;&nbsp;02/27/33 | 714974 |
| 700000 | RTX Corporation |  | 6.1000 | &nbsp;&nbsp;03/15/34 | 755255 |
| 600000 | RTX Corporation |  | 3.7500 | &nbsp;&nbsp;11/01/46 | 457057 |
| 500000 | RTX Corporation |  | 5.3750 | &nbsp;&nbsp;02/27/53 | 476458 |
| 600000 | RTX Corporation |  | 6.4000 | &nbsp;&nbsp;03/15/54 | 654568 |
|  |  |  |  |  | 22382321 |
|  | **APPAREL & TEXTILE PRODUCTS — 0.1%** |  |  |  |  |
| 700000 | NIKE, Inc. |  | 2.8500 | &nbsp;&nbsp;03/27/30 | 657621 |
| 800000 | NIKE, Inc. |  | 3.3750 | &nbsp;&nbsp;03/27/50 | 565770 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **APPAREL & TEXTILE PRODUCTS — 0.1% (Continued)** |  |  |  |  |
|  |  |  |  |  | $1223391 |
|  | **ASSET MANAGEMENT — 0.5%** |  |  |  |  |
| 500000 | Apollo Debt Solutions BDC |  | 6.7000 | &nbsp;&nbsp;07/29/31 | 520814 |
| 800000 | Ares Capital Corporation |  | 5.8000 | &nbsp;&nbsp;03/08/32 | 798529 |
| 900000 | Blue Owl Credit Income Corporation |  | 6.6500 | &nbsp;&nbsp;03/15/31 | 926235 |
| 600000 | Brookfield Finance, Inc. |  | 5.9680 | &nbsp;&nbsp;03/04/54 | 605774 |
| 800000 | Charles Schwab Corporation |  | 2.9000 | &nbsp;&nbsp;03/03/32 | 719033 |
| 700000 | Raymond James Financial, Inc. |  | 4.9500 | &nbsp;&nbsp;07/15/46 | 631650 |
| 600000 | Sixth Street Lending Partners<sup>(a)</sup> |  | 6.1250 | &nbsp;&nbsp;07/15/30 | 611875 |
| 600000 | UBS Group A.G. |  | 4.8750 | &nbsp;&nbsp;05/15/45 | 542680 |
|  |  |  |  |  | 5356590 |
|  | **AUTOMOTIVE — 2.0%** |  |  |  |  |
| 1000000 | American Honda Finance Corporation |  | 5.1250 | &nbsp;&nbsp;07/07/28 | 1018810 |
| 800000 | American Honda Finance Corporation |  | 5.6500 | &nbsp;&nbsp;11/15/28 | 827790 |
| 800000 | Aptiv plc / Aptiv Corporation |  | 4.1500 | &nbsp;&nbsp;05/01/52 | 577084 |
| 1000000 | Ford Motor Company Class B |  | 3.2500 | &nbsp;&nbsp;02/12/32 | 848423 |
| 900000 | Ford Motor Company |  | 6.1000 | &nbsp;&nbsp;08/19/32 | 902032 |
| 900000 | Ford Motor Company |  | 4.7500 | &nbsp;&nbsp;01/15/43 | 698008 |
| 900000 | Ford Motor Credit Company, LLC |  | 6.7980 | &nbsp;&nbsp;11/07/28 | 931583 |
| 800000 | Ford Motor Credit Company, LLC |  | 5.8000 | &nbsp;&nbsp;03/08/29 | 801781 |
| 600000 | Ford Motor Credit Company, LLC |  | 5.1130 | &nbsp;&nbsp;05/03/29 | 587178 |
| 700000 | Ford Motor Credit Company, LLC |  | 5.8750 | &nbsp;&nbsp;11/07/29 | 701976 |
| 700000 | Ford Motor Credit Company, LLC |  | 7.3500 | &nbsp;&nbsp;03/06/30 | 740360 |
| 300000 | Ford Motor Credit Company, LLC |  | 4.0000 | &nbsp;&nbsp;11/13/30 | 275668 |
| 500000 | Ford Motor Credit Company, LLC |  | 6.0500 | &nbsp;&nbsp;03/05/31 | 501458 |
| 300000 | Ford Motor Credit Company, LLC |  | 6.0540 | &nbsp;&nbsp;11/05/31 | 300250 |
| 200000 | Ford Motor Credit Company, LLC |  | 7.1220 | &nbsp;&nbsp;11/07/33 | 208045 |
| 800000 | Ford Motor Credit Company, LLC |  | 6.1250 | &nbsp;&nbsp;03/08/34 | 780655 |
| 600000 | General Motors Company |  | 5.0000 | &nbsp;&nbsp;10/01/28 | 605122 |
| 800000 | General Motors Company |  | 6.6000 | &nbsp;&nbsp;04/01/36 | 845187 |
| 700000 | General Motors Company |  | 6.2500 | &nbsp;&nbsp;10/02/43 | 693695 |
| 600000 | General Motors Company |  | 5.2000 | &nbsp;&nbsp;04/01/45 | 521975 |
| 600000 | General Motors Company |  | 5.9500 | &nbsp;&nbsp;04/01/49 | 567521 |
| 600000 | General Motors Financial Company, Inc. |  | 5.8000 | &nbsp;&nbsp;01/07/29 | 618648 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **AUTOMOTIVE — 2.0% (Continued)** |  |  |  |  |
| 500000 | General Motors Financial Company, Inc. |  | 4.3000 | &nbsp;&nbsp;04/06/29 | $491072 |
| 500000 | General Motors Financial Company, Inc. |  | 5.3500 | &nbsp;&nbsp;01/07/30 | 507198 |
| 500000 | General Motors Financial Company, Inc. |  | 5.8500 | &nbsp;&nbsp;04/06/30 | 516700 |
| 600000 | General Motors Financial Company, Inc. |  | 3.6000 | &nbsp;&nbsp;06/21/30 | 564062 |
| 500000 | General Motors Financial Company, Inc. |  | 5.7500 | &nbsp;&nbsp;02/08/31 | 514547 |
| 700000 | General Motors Financial Company, Inc. |  | 2.7000 | &nbsp;&nbsp;06/10/31 | 613958 |
| 500000 | General Motors Financial Company, Inc. |  | 3.1000 | &nbsp;&nbsp;01/12/32 | 441743 |
| 500000 | General Motors Financial Company, Inc. |  | 6.4000 | &nbsp;&nbsp;01/09/33 | 526636 |
| 500000 | General Motors Financial Company, Inc. |  | 6.1000 | &nbsp;&nbsp;01/07/34 | 516332 |
| 500000 | General Motors Financial Company, Inc. |  | 5.9500 | &nbsp;&nbsp;04/04/34 | 508529 |
| 500000 | Mercedes-Benz Finance North America, LLC |  | 8.5000 | &nbsp;&nbsp;01/18/31 | 592753 |
| 700000 | Toyota Motor Credit Corporation |  | 5.2500 | &nbsp;&nbsp;09/11/28 | 720112 |
| 500000 | Toyota Motor Credit Corporation |  | 4.4500 | &nbsp;&nbsp;06/29/29 | 501397 |
| 800000 | Toyota Motor Credit Corporation |  | 3.3750 | &nbsp;&nbsp;04/01/30 | 764517 |
| 600000 | Toyota Motor Credit Corporation |  | 5.5500 | &nbsp;&nbsp;11/20/30 | 629360 |
| 600000 | Toyota Motor Credit Corporation |  | 5.3500 | &nbsp;&nbsp;01/09/35 | 614602 |
|  |  |  |  |  | 23576767 |
|  | **BANKING — 16.4%** |  |  |  |  |
| 800000 | Banco Santander S.A. |  | 6.6070 | &nbsp;&nbsp;11/07/28 | 850097 |
| 800000 | Banco Santander S.A. |  | 5.5650 | &nbsp;&nbsp;01/17/30 | 827579 |
| 600000 | Banco Santander S.A.<sup>(b)</sup> | H15T1Y + 1.450% | 5.5380 | &nbsp;&nbsp;03/14/30 | 617278 |
| 1000000 | Banco Santander S.A. |  | 2.7490 | &nbsp;&nbsp;12/03/30 | 890102 |
| 1000000 | Banco Santander S.A. |  | 6.9210 | &nbsp;&nbsp;08/08/33 | 1090041 |
| 600000 | Banco Santander S.A. |  | 6.3500 | &nbsp;&nbsp;03/14/34 | 630344 |
| 1200000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.630% | 5.2020 | &nbsp;&nbsp;04/25/29 | 1222319 |
| 600000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.060% | 2.0870 | &nbsp;&nbsp;06/14/29 | 561748 |
| 1200000 | Bank of America Corporation Series N<sup>(b)</sup> | TSFR3M + 1.572% | 4.2710 | &nbsp;&nbsp;07/23/29 | 1194589 |
| 800000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.570% | 5.8190 | &nbsp;&nbsp;09/15/29 | 830919 |
| 700000 | Bank of America Corporation<sup>(b)</sup> | TSFR3M + 1.472% | 3.9740 | &nbsp;&nbsp;02/07/30 | 688640 |
| 1000000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.000% | 5.1620 | &nbsp;&nbsp;01/24/31 | 1023266 |
| 800000 | Bank of America Corporation<sup>(b)</sup> | TSFR3M + 1.252% | 2.4960 | &nbsp;&nbsp;02/13/31 | 730359 |
| 1600000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 2.150% | 2.5920 | &nbsp;&nbsp;04/29/31 | 1463027 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 1200000 | Bank of America Corporation B<sup>(b)</sup> | SOFRRATE + 1.530% | 1.8980 | &nbsp;&nbsp;07/23/31 | $1054676 |
| 900000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.370% | 1.9220 | &nbsp;&nbsp;10/24/31 | 785083 |
| 800000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.220% | 2.6510 | &nbsp;&nbsp;03/11/32 | 716596 |
| 1400000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.320% | 2.6870 | &nbsp;&nbsp;04/22/32 | 1255674 |
| 1300000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.220% | 2.2990 | &nbsp;&nbsp;07/21/32 | 1132912 |
| 1100000 | Bank of America Corporation, Series N<sup>(b)</sup> | SOFRRATE + 1.210% | 2.5720 | &nbsp;&nbsp;10/20/32 | 969803 |
| 900000 | Bank of America Corporation, Series N<sup>(b)</sup> | SOFRRATE + 1.330% | 2.9720 | &nbsp;&nbsp;02/04/33 | 806050 |
| 1300000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.830% | 4.5710 | &nbsp;&nbsp;04/27/33 | 1280034 |
| 1500000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 2.160% | 5.0150 | &nbsp;&nbsp;07/22/33 | 1516255 |
| 1600000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.910% | 5.2880 | &nbsp;&nbsp;04/25/34 | 1630682 |
| 1200000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.840% | 5.8720 | &nbsp;&nbsp;09/15/34 | 1264612 |
| 1400000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.650% | 5.4680 | &nbsp;&nbsp;01/23/35 | 1436329 |
| 1000000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.310% | 5.5110 | &nbsp;&nbsp;01/24/36 | 1025099 |
| 600000 | Bank of America Corporation |  | 6.1100 | &nbsp;&nbsp;01/29/37 | 630935 |
| 800000 | Bank of America Corporation<sup>(b)</sup> | TSFR3M + 2.076% | 4.2440 | &nbsp;&nbsp;04/24/38 | 726462 |
| 600000 | Bank of America Corporation |  | 7.7500 | &nbsp;&nbsp;05/14/38 | 715137 |
| 1800000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.930% | 2.6760 | &nbsp;&nbsp;06/19/41 | 1284198 |
| 1400000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.580% | 3.3110 | &nbsp;&nbsp;04/22/42 | 1070728 |
| 1000000 | Bank of America Corporation<sup>(b)</sup> | TSFR3M + 1.782% | 4.3300 | &nbsp;&nbsp;03/15/50 | 829914 |
| 1800000 | Bank of America Corporation<sup>(b)</sup> | TSFR3M + 3.412% | 4.0830 | &nbsp;&nbsp;03/20/51 | 1427951 |
| 1100000 | Bank of America Corporation<sup>(b)</sup> | SOFRRATE + 1.560% | 2.9720 | &nbsp;&nbsp;07/21/52 | 711228 |
| 500000 | Bank of Montreal |  | 5.7170 | &nbsp;&nbsp;09/25/28 | 519151 |
| 500000 | Bank of Montreal |  | 5.5110 | &nbsp;&nbsp;06/04/31 | 520403 |
| 500000 | Bank of Nova Scotia |  | 4.8500 | &nbsp;&nbsp;02/01/30 | 507364 |
| 500000 | Bank of Nova Scotia<sup>(b)</sup> | SOFRRATE + 1.070% | 5.1300 | &nbsp;&nbsp;02/14/31 | 508800 |
| 900000 | Barclays plc<sup>(b)</sup> | US0003M + 1.902% | 4.9720 | &nbsp;&nbsp;05/16/29 | 908306 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 400000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 2.220% | 6.4900 | &nbsp;&nbsp;09/13/29 | $421362 |
| 400000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 1.740% | 5.6900 | &nbsp;&nbsp;03/12/30 | 412926 |
| 800000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 1.230% | 5.3670 | &nbsp;&nbsp;02/25/31 | 817420 |
| 800000 | Barclays plc<sup>(b)</sup> | H15T1Y + 1.900% | 2.6450 | &nbsp;&nbsp;06/24/31 | 724954 |
| 1000000 | Barclays plc<sup>(b)</sup> | H15T1Y + 3.500% | 7.4370 | &nbsp;&nbsp;11/02/33 | 1136848 |
| 900000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 2.980% | 6.2240 | &nbsp;&nbsp;05/09/34 | 957344 |
| 600000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 2.620% | 6.6920 | &nbsp;&nbsp;09/13/34 | 655060 |
| 600000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 1.910% | 5.3350 | &nbsp;&nbsp;09/10/35 | 597515 |
| 1000000 | Barclays plc<sup>(b)</sup> | SOFRRATE + 1.590% | 5.7850 | &nbsp;&nbsp;02/25/36 | 1022373 |
| 800000 | Canadian Imperial Bank of Commerce<sup>(b)</sup> | SOFRRATE + 1.105% | 5.2450 | &nbsp;&nbsp;01/13/31 | 818000 |
| 800000 | Canadian Imperial Bank of Commerce |  | 3.6000 | &nbsp;&nbsp;04/07/32 | 745075 |
| 900000 | Citibank NA |  | 5.5700 | &nbsp;&nbsp;04/30/34 | 936242 |
| 900000 | Citigroup, Inc. |  | 4.1250 | &nbsp;&nbsp;07/25/28 | 892290 |
| 700000 | Citigroup, Inc.<sup>(b)</sup> | TSFR3M + 1.454% | 4.0750 | &nbsp;&nbsp;04/23/29 | 691823 |
| 800000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.364% | 5.1740 | &nbsp;&nbsp;02/13/30 | 814794 |
| 500000 | Citigroup, Inc.<sup>(b)</sup> | US0003M + 1.338% | 3.9800 | &nbsp;&nbsp;03/20/30 | 489444 |
| 700000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.338% | 4.5420 | &nbsp;&nbsp;09/19/30 | 697324 |
| 600000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.422% | 2.9760 | &nbsp;&nbsp;11/05/30 | 560458 |
| 800000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.146% | 2.6660 | &nbsp;&nbsp;01/29/31 | 732933 |
| 1300000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 3.914% | 4.4120 | &nbsp;&nbsp;03/31/31 | 1285017 |
| 1400000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 2.107% | 2.5720 | &nbsp;&nbsp;06/03/31 | 1269867 |
| 1100000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.167% | 2.5610 | &nbsp;&nbsp;05/01/32 | 974378 |
| 700000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.177% | 2.5200 | &nbsp;&nbsp;11/03/32 | 611152 |
| 1000000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.351% | 3.0570 | &nbsp;&nbsp;01/25/33 | 896454 |
| 800000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 2.086% | 4.9100 | &nbsp;&nbsp;05/24/33 | 798783 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 1000000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 2.338% | 6.2700 | &nbsp;&nbsp;11/17/33 | $1077682 |
| 1100000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.465% | 5.3330 | &nbsp;&nbsp;03/27/36 | 1105876 |
| 700000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 4.548% | 5.3160 | &nbsp;&nbsp;03/26/41 | 680649 |
| 800000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.379% | 2.9040 | &nbsp;&nbsp;11/03/42 | 567455 |
| 700000 | Citigroup, Inc. |  | 6.6750 | &nbsp;&nbsp;09/13/43 | 766851 |
| 900000 | Citigroup, Inc. |  | 4.7500 | &nbsp;&nbsp;05/18/46 | 778103 |
| 900000 | Citigroup, Inc. |  | 4.6500 | &nbsp;&nbsp;07/23/48 | 778144 |
| 700000 | Citigroup, Inc.<sup>(b)</sup> | SOFRRATE + 1.746% | 5.6120 | &nbsp;&nbsp;03/04/56 | 684538 |
| 400000 | Citizens Financial Group, Inc.<sup>(b)</sup> | SOFRRATE + 2.010% | 5.8410 | &nbsp;&nbsp;01/23/30 | 413035 |
| 600000 | Citizens Financial Group, Inc. |  | 3.2500 | &nbsp;&nbsp;04/30/30 | 560845 |
| 500000 | Citizens Financial Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.259% | 5.2530 | &nbsp;&nbsp;03/05/31 | 506578 |
| 800000 | Cooperatieve Rabobank UA |  | 5.7500 | &nbsp;&nbsp;12/01/43 | 802745 |
| 500000 | Deutsche Bank A.G. |  | 5.4140 | &nbsp;&nbsp;05/10/29 | 515718 |
| 800000 | Deutsche Bank A.G.<sup>(b)</sup> | SOFRRATE + 3.043% | 3.5470 | &nbsp;&nbsp;09/18/31 | 751606 |
| 500000 | Deutsche Bank A.G.<sup>(b)</sup> | SOFRRATE + 2.050% | 5.4030 | &nbsp;&nbsp;09/11/35 | 499099 |
| 1100000 | Fifth Third Bancorp<sup>(b)</sup> | SOFRRATE + 2.340% | 6.3390 | &nbsp;&nbsp;07/27/29 | 1156070 |
| 500000 | Fifth Third Bancorp<sup>(b)</sup> | SOFRINDX + 2.127% | 4.7720 | &nbsp;&nbsp;07/28/30 | 502139 |
| 600000 | Fifth Third Bancorp<sup>(b)</sup> | SOFRRATE + 1.840% | 5.6310 | &nbsp;&nbsp;01/29/32 | 621560 |
| 1200000 | HSBC Holdings plc<sup>(b)</sup> | US0003M + 1.535% | 4.5830 | &nbsp;&nbsp;06/19/29 | 1198470 |
| 1000000 | HSBC Holdings plc |  | 4.9500 | &nbsp;&nbsp;03/31/30 | 1016194 |
| 900000 | HSBC Holdings plc<sup>(b)</sup> | US0003M + 1.610% | 3.9730 | &nbsp;&nbsp;05/22/30 | 876417 |
| 500000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 1.290% | 5.2860 | &nbsp;&nbsp;11/19/30 | 510720 |
| 500000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 1.290% | 5.1300 | &nbsp;&nbsp;03/03/31 | 507066 |
| 900000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 2.387% | 2.8480 | &nbsp;&nbsp;06/04/31 | 824103 |
| 700000 | HSBC Holdings plc<sup>(b)</sup> |  | 2.3570 | &nbsp;&nbsp;08/18/31 | 623234 |
| 400000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 1.520% | 5.7330 | &nbsp;&nbsp;05/17/32 | 415573 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 1200000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 1.187% | 2.8040 | &nbsp;&nbsp;05/24/32 | $1068850 |
| 700000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 2.870% | 5.4020 | &nbsp;&nbsp;08/11/33 | 718120 |
| 900000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 2.390% | 6.2540 | &nbsp;&nbsp;03/09/34 | 964132 |
| 700000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 1.780% | 5.7190 | &nbsp;&nbsp;03/04/35 | 728756 |
| 900000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 1.560% | 5.4500 | &nbsp;&nbsp;03/03/36 | 906084 |
| 900000 | HSBC Holdings plc |  | 6.5000 | &nbsp;&nbsp;09/15/37 | 953864 |
| 1000000 | HSBC Holdings plc<sup>(b)</sup> | SOFRRATE + 2.650% | 6.3320 | &nbsp;&nbsp;03/09/44 | 1068861 |
| 600000 | HSBC Holdings plc |  | 5.2500 | &nbsp;&nbsp;03/14/44 | 567508 |
| 1000000 | Huntington Bancshares, Inc.<sup>(b)</sup> | SOFRRATE + 2.020% | 6.2080 | &nbsp;&nbsp;08/21/29 | 1046242 |
| 700000 | Huntington Bancshares, Inc.<sup>(b)</sup> | SOFRRATE + 1.276% | 5.2720 | &nbsp;&nbsp;01/15/31 | 714974 |
| 600000 | ING Groep N.V.<sup>(b)</sup> | SOFRRATE + 1.440% | 5.3350 | &nbsp;&nbsp;03/19/30 | 614891 |
| 600000 | ING Groep N.V.<sup>(b)</sup> | SOFRINDX + 1.230% | 5.0660 | &nbsp;&nbsp;03/25/31 | 609046 |
| 700000 | ING Groep N.V.<sup>(b)</sup> | SOFRRATE + 2.090% | 6.1140 | &nbsp;&nbsp;09/11/34 | 743656 |
| 900000 | ING Groep N.V.<sup>(b)</sup> | SOFRRATE + 1.770% | 5.5500 | &nbsp;&nbsp;03/19/35 | 919748 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.015% | 2.0690 | &nbsp;&nbsp;06/01/29 | 655842 |
| 1200000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.522% | 4.2030 | &nbsp;&nbsp;07/23/29 | 1191959 |
| 800000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.450% | 5.2990 | &nbsp;&nbsp;07/24/29 | 819155 |
| 600000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.570% | 6.0870 | &nbsp;&nbsp;10/23/29 | 628482 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | US0003M + 1.330% | 4.4520 | &nbsp;&nbsp;12/05/29 | 899070 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.310% | 5.0120 | &nbsp;&nbsp;01/23/30 | 711880 |
| 600000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.160% | 5.5810 | &nbsp;&nbsp;04/22/30 | 622080 |
| 600000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.422% | 3.7020 | &nbsp;&nbsp;05/06/30 | 583652 |
| 500000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.125% | 4.9950 | &nbsp;&nbsp;07/22/30 | 508473 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.510% | 2.7390 | &nbsp;&nbsp;10/15/30 | 838701 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 0.900% | 5.1400 | &nbsp;&nbsp;01/24/31 | 716125 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 1300000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 3.790% | 4.4930 | &nbsp;&nbsp;03/24/31 | $1295671 |
| 1300000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 2.040% | 2.5220 | &nbsp;&nbsp;04/22/31 | 1188187 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.435% | 5.1030 | &nbsp;&nbsp;04/22/31 | 715802 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.105% | 1.7640 | &nbsp;&nbsp;11/19/31 | 606337 |
| 1000000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.065% | 1.9530 | &nbsp;&nbsp;02/04/32 | 867842 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.250% | 2.5800 | &nbsp;&nbsp;04/22/32 | 803619 |
| 800000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.180% | 2.5450 | &nbsp;&nbsp;11/08/32 | 703250 |
| 800000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.260% | 2.9630 | &nbsp;&nbsp;01/25/33 | 718927 |
| 800000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.800% | 4.5860 | &nbsp;&nbsp;04/26/33 | 790847 |
| 1400000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 2.080% | 4.9120 | &nbsp;&nbsp;07/25/33 | 1409364 |
| 1400000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.845% | 5.3500 | &nbsp;&nbsp;06/01/34 | 1437180 |
| 1000000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.810% | 6.2540 | &nbsp;&nbsp;10/23/34 | 1085697 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.620% | 5.3360 | &nbsp;&nbsp;01/23/35 | 920856 |
| 800000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.490% | 5.7660 | &nbsp;&nbsp;04/22/35 | 839568 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.460% | 5.2940 | &nbsp;&nbsp;07/22/35 | 912463 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.340% | 4.9460 | &nbsp;&nbsp;10/22/35 | 692688 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.315% | 5.5020 | &nbsp;&nbsp;01/24/36 | 923698 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.680% | 5.5720 | &nbsp;&nbsp;04/22/36 | 723607 |
| 900000 | JPMorgan Chase & Company<sup>(b)</sup> | US0003M + 1.360% | 3.8820 | &nbsp;&nbsp;07/24/38 | 791580 |
| 700000 | JPMorgan Chase & Company |  | 5.6000 | &nbsp;&nbsp;07/15/41 | 717368 |
| 700000 | JPMorgan Chase & Company |  | 5.4000 | &nbsp;&nbsp;01/06/42 | 698958 |
| 1000000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.460% | 3.1570 | &nbsp;&nbsp;04/22/42 | 755938 |
| 900000 | JPMorgan Chase & Company |  | 4.9500 | &nbsp;&nbsp;06/01/45 | 818923 |
| 1100000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.550% | 5.5340 | &nbsp;&nbsp;11/29/45 | 1103056 |
| 1200000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.642% | 3.9640 | &nbsp;&nbsp;11/15/48 | 955733 |
| 700000 | JPMorgan Chase & Company<sup>(b)</sup> | TSFR3M + 1.482% | 3.8970 | &nbsp;&nbsp;01/23/49 | 549812 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 800000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 2.440% | 3.1090 | &nbsp;&nbsp;04/22/51 | $538440 |
| 1100000 | JPMorgan Chase & Company<sup>(b)</sup> | SOFRRATE + 1.580% | 3.3280 | &nbsp;&nbsp;04/22/52 | 767238 |
| 700000 | Lloyds Banking Group plc<sup>(b)</sup> | H15T1Y + 1.070% | 5.7210 | &nbsp;&nbsp;06/05/30 | 726420 |
| 1000000 | Lloyds Banking Group plc<sup>(b)</sup> | H15T1Y + 1.750% | 5.6790 | &nbsp;&nbsp;01/05/35 | 1027160 |
| 800000 | Lloyds Banking Group plc |  | 4.3440 | &nbsp;&nbsp;01/09/48 | 639886 |
| 700000 | M&T Bank Corporation<sup>(b)</sup> | SOFRRATE + 1.610% | 5.3850 | &nbsp;&nbsp;01/16/36 | 697919 |
| 700000 | Mitsubishi UFJ Financial Group, Inc. |  | 4.0500 | &nbsp;&nbsp;09/11/28 | 693874 |
| 900000 | Mitsubishi UFJ Financial Group, Inc. |  | 3.1950 | &nbsp;&nbsp;07/18/29 | 858100 |
| 900000 | Mitsubishi UFJ Financial Group, Inc. |  | 2.5590 | &nbsp;&nbsp;02/25/30 | 824937 |
| 600000 | Mitsubishi UFJ Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 0.780% | 5.1970 | &nbsp;&nbsp;01/16/31 | 613130 |
| 1000000 | Mitsubishi UFJ Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 0.950% | 2.3090 | &nbsp;&nbsp;07/20/32 | 870284 |
| 500000 | Mitsubishi UFJ Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 2.125% | 5.1330 | &nbsp;&nbsp;07/20/33 | 506059 |
| 900000 | Mitsubishi UFJ Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 1.630% | 5.4410 | &nbsp;&nbsp;02/22/34 | 928602 |
| 800000 | Mitsubishi UFJ Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 1.000% | 5.4260 | &nbsp;&nbsp;04/17/35 | 817035 |
| 800000 | Mizuho Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 1.500% | 5.6670 | &nbsp;&nbsp;05/27/29 | 824118 |
| 900000 | Mizuho Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 1.650% | 5.7780 | &nbsp;&nbsp;07/06/29 | 930545 |
| 800000 | Mizuho Financial Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.532% | 1.9790 | &nbsp;&nbsp;09/08/31 | 698960 |
| 700000 | Mizuho Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 1.800% | 5.7540 | &nbsp;&nbsp;05/27/34 | 731302 |
| 600000 | Mizuho Financial Group, Inc.<sup>(b)</sup> | H15T1Y + 0.980% | 5.4220 | &nbsp;&nbsp;05/13/36 | 608306 |
| 600000 | National Bank of Canada |  | 5.6000 | &nbsp;&nbsp;12/18/28 | 619484 |
| 900000 | Natwest Group plc<sup>(b)</sup> | US0003M + 1.754% | 4.8920 | &nbsp;&nbsp;05/18/29 | 907772 |
| 700000 | NatWest Group plc<sup>(b)</sup> | US0003M + 1.905% | 5.0760 | &nbsp;&nbsp;01/27/30 | 709651 |
| 700000 | NatWest Group plc<sup>(b)</sup> | US0003M + 1.871% | 4.4450 | &nbsp;&nbsp;05/08/30 | 695240 |
| 700000 | NatWest Group plc<sup>(b)</sup> | H15T1Y + 1.500% | 5.7780 | &nbsp;&nbsp;03/01/35 | 726956 |
| 300000 | PNC Bank NA |  | 4.0500 | &nbsp;&nbsp;07/26/28 | 296795 |
| 1000000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.841% | 5.5820 | &nbsp;&nbsp;06/12/29 | 1031034 |
| 700000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.198% | 5.4920 | &nbsp;&nbsp;05/14/30 | 724704 |
| 600000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRINDX + 2.140% | 6.0370 | &nbsp;&nbsp;10/28/33 | 638104 |
| 700000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.933% | 5.0680 | &nbsp;&nbsp;01/24/34 | 702436 |
| 1000000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 2.284% | 6.8750 | &nbsp;&nbsp;10/20/34 | 1117611 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 600000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.902% | 5.6760 | &nbsp;&nbsp;01/22/35 | $622858 |
| 600000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.599% | 5.4010 | &nbsp;&nbsp;07/23/35 | 610692 |
| 700000 | PNC Financial Services Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.394% | 5.5750 | &nbsp;&nbsp;01/29/36 | 718247 |
| 800000 | Royal Bank of Canada |  | 5.2000 | &nbsp;&nbsp;08/01/28 | 820049 |
| 400000 | Royal Bank of Canada<sup>(b)</sup> | SOFRRATE + 1.100% | 4.9690 | &nbsp;&nbsp;08/02/30 | 405937 |
| 600000 | Royal Bank of Canada<sup>(b)</sup> | SOFRINDX + 1.080% | 4.6500 | &nbsp;&nbsp;10/18/30 | 600266 |
| 600000 | Royal Bank of Canada<sup>(b)</sup> | SOFRRATE + 1.030% | 5.1530 | &nbsp;&nbsp;02/04/31 | 612066 |
| 700000 | Royal Bank of Canada<sup>(b)</sup> | SOFRINDX + 1.130% | 4.9700 | &nbsp;&nbsp;05/02/31 | 709515 |
| 900000 | Royal Bank of Canada |  | 5.0000 | &nbsp;&nbsp;02/01/33 | 915606 |
| 700000 | Royal Bank of Canada |  | 5.1500 | &nbsp;&nbsp;02/01/34 | 716841 |
| 600000 | Santander Holdings USA, Inc.<sup>(b)</sup> | SOFRRATE + 1.940% | 5.3530 | &nbsp;&nbsp;09/06/30 | 611142 |
| 500000 | Santander Holdings USA, Inc.<sup>(b)</sup> | SOFRRATE + 1.878% | 5.7410 | &nbsp;&nbsp;03/20/31 | 514587 |
| 700000 | Santander UK Group Holdings plc<sup>(b)</sup> | SOFRINDX + 1.524% | 5.6940 | &nbsp;&nbsp;04/15/31 | 724746 |
| 600000 | Sumitomo Mitsui Financial Group, Inc. |  | 5.8000 | &nbsp;&nbsp;07/13/28 | 623291 |
| 400000 | Sumitomo Mitsui Financial Group, Inc. |  | 5.7160 | &nbsp;&nbsp;09/14/28 | 414527 |
| 900000 | Sumitomo Mitsui Financial Group, Inc. |  | 1.9020 | &nbsp;&nbsp;09/17/28 | 833140 |
| 1000000 | Sumitomo Mitsui Financial Group, Inc. |  | 2.7500 | &nbsp;&nbsp;01/15/30 | 925821 |
| 800000 | Sumitomo Mitsui Financial Group, Inc. |  | 2.1300 | &nbsp;&nbsp;07/08/30 | 711656 |
| 700000 | Sumitomo Mitsui Financial Group, Inc. |  | 5.7660 | &nbsp;&nbsp;01/13/33 | 735791 |
| 500000 | Sumitomo Mitsui Financial Group, Inc. |  | 5.5580 | &nbsp;&nbsp;07/09/34 | 517996 |
| 500000 | Sumitomo Mitsui Financial Group, Inc. |  | 5.6320 | &nbsp;&nbsp;01/15/35 | 520238 |
| 700000 | Sumitomo Mitsui Financial Group, Inc. |  | 5.8360 | &nbsp;&nbsp;07/09/44 | 707889 |
| 800000 | Toronto-Dominion Bank |  | 5.5230 | &nbsp;&nbsp;07/17/28 | 824493 |
| 700000 | Toronto-Dominion Bank |  | 4.7830 | &nbsp;&nbsp;12/17/29 | 707152 |
| 500000 | Toronto-Dominion Bank |  | 5.2980 | &nbsp;&nbsp;01/30/32 | 513287 |
| 900000 | Toronto-Dominion Bank |  | 4.4560 | &nbsp;&nbsp;06/08/32 | 882872 |
| 700000 | Truist Bank |  | 2.2500 | &nbsp;&nbsp;03/11/30 | 629694 |
| 800000 | Truist Financial Corporation<sup>(b)</sup> | SOFRRATE + 0.862% | 1.8870 | &nbsp;&nbsp;06/07/29 | 744728 |
| 800000 | Truist Financial Corporation<sup>(b)</sup> | SOFRRATE + 2.446% | 7.1610 | &nbsp;&nbsp;10/30/29 | 863504 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 500000 | Truist Financial Corporation<sup>(b)</sup> | SOFRRATE + 1.571% | 5.1530 | &nbsp;&nbsp;08/05/32 | $508581 |
| 800000 | Truist Financial Corporation<sup>(b)</sup> | SOFRRATE + 2.361% | 5.8670 | &nbsp;&nbsp;06/08/34 | 836755 |
| 1000000 | Truist Financial Corporation<sup>(b)</sup> | SOFRRATE + 1.922% | 5.7110 | &nbsp;&nbsp;01/24/35 | 1035210 |
| 800000 | US Bancorp<sup>(b)</sup> | SOFRRATE + 2.020% | 5.7750 | &nbsp;&nbsp;06/12/29 | 828274 |
| 800000 | US Bancorp<sup>(b)</sup> | SOFRRATE + 1.560% | 5.3840 | &nbsp;&nbsp;01/23/30 | 821848 |
| 800000 | US Bancorp<sup>(b)</sup> | SOFRRATE + 1.061% | 5.0460 | &nbsp;&nbsp;02/12/31 | 812817 |
| 700000 | US Bancorp Series AA<sup>(b)</sup> | SOFRRATE + 2.090% | 5.8500 | &nbsp;&nbsp;10/21/33 | 734264 |
| 600000 | US Bancorp<sup>(b)</sup> | SOFRRATE + 1.600% | 4.8390 | &nbsp;&nbsp;02/01/34 | 592526 |
| 700000 | US Bancorp<sup>(b)</sup> | SOFRRATE + 2.260% | 5.8360 | &nbsp;&nbsp;06/12/34 | 733763 |
| 500000 | US Bancorp<sup>(b)</sup> | SOFRRATE + 1.411% | 5.4240 | &nbsp;&nbsp;02/12/36 | 509113 |
| 1400000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.740% | 5.5740 | &nbsp;&nbsp;07/25/29 | 1441561 |
| 800000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.790% | 6.3030 | &nbsp;&nbsp;10/23/29 | 841807 |
| 1000000 | Wells Fargo & Company<sup>(b)</sup> | TSFR3M + 1.432% | 2.8790 | &nbsp;&nbsp;10/30/30 | 934292 |
| 800000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.110% | 5.2440 | &nbsp;&nbsp;01/24/31 | 819035 |
| 900000 | Wells Fargo & Company<sup>(b)</sup> | TSFR3M + 1.262% | 2.5720 | &nbsp;&nbsp;02/11/31 | 825569 |
| 900000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 4.032% | 4.4780 | &nbsp;&nbsp;04/04/31 | 895135 |
| 900000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.500% | 5.1500 | &nbsp;&nbsp;04/23/31 | 918418 |
| 1000000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.500% | 3.3500 | &nbsp;&nbsp;03/02/33 | 915693 |
| 1400000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 2.100% | 4.8970 | &nbsp;&nbsp;07/25/33 | 1399478 |
| 1100000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 2.020% | 5.3890 | &nbsp;&nbsp;04/24/34 | 1125856 |
| 1300000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.990% | 5.5570 | &nbsp;&nbsp;07/25/34 | 1342349 |
| 1100000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 2.060% | 6.4910 | &nbsp;&nbsp;10/23/34 | 1203048 |
| 900000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.780% | 5.4990 | &nbsp;&nbsp;01/23/35 | 922955 |
| 800000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.380% | 5.2110 | &nbsp;&nbsp;12/03/35 | 802476 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BANKING — 16.4% (Continued)** |  |  |  |  |
| 600000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 1.740% | 5.6050 | &nbsp;&nbsp;04/23/36 | $617932 |
| 900000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 2.530% | 3.0680 | &nbsp;&nbsp;04/30/41 | 679595 |
| 800000 | Wells Fargo & Company |  | 5.6060 | &nbsp;&nbsp;01/15/44 | 779167 |
| 800000 | Wells Fargo & Company |  | 4.6500 | &nbsp;&nbsp;11/04/44 | 686770 |
| 700000 | Wells Fargo & Company |  | 3.9000 | &nbsp;&nbsp;05/01/45 | 556926 |
| 700000 | Wells Fargo & Company |  | 4.9000 | &nbsp;&nbsp;11/17/45 | 617899 |
| 800000 | Wells Fargo & Company |  | 4.4000 | &nbsp;&nbsp;06/14/46 | 657989 |
| 700000 | Wells Fargo & Company |  | 4.7500 | &nbsp;&nbsp;12/07/46 | 605823 |
| 1600000 | Wells Fargo & Company<sup>(b)</sup> | TSFR3M + 4.502% | 5.0130 | &nbsp;&nbsp;04/04/51 | 1452793 |
| 1000000 | Wells Fargo & Company<sup>(b)</sup> | SOFRRATE + 2.130% | 4.6110 | &nbsp;&nbsp;04/25/53 | 854288 |
| 700000 | Westpac Banking Corporation |  | 5.5350 | &nbsp;&nbsp;11/17/28 | 728424 |
| 800000 | Westpac Banking Corporation |  | 1.9530 | &nbsp;&nbsp;11/20/28 | 744179 |
| 1000000 | Westpac Banking Corporation |  | 2.1500 | &nbsp;&nbsp;06/03/31 | 884353 |
| 800000 | Westpac Banking Corporation |  | 2.9630 | &nbsp;&nbsp;11/16/40 | 592599 |
|  |  |  |  |  | 193852411 |
|  | **BEVERAGES — 1.6%** |  |  |  |  |
| 900000 | Anheuser-Busch InBev Worldwide, Inc. |  | 4.7500 | &nbsp;&nbsp;01/23/29 | 913437 |
| 600000 | Anheuser-Busch InBev Worldwide, Inc. |  | 8.2000 | &nbsp;&nbsp;01/15/39 | 759453 |
| 700000 | Anheuser-Busch InBev Worldwide, Inc. |  | 4.9500 | &nbsp;&nbsp;01/15/42 | 655778 |
| 900000 | Anheuser-Busch InBev Worldwide, Inc. |  | 4.4390 | &nbsp;&nbsp;10/06/48 | 762227 |
| 1300000 | Anheuser-Busch InBev Worldwide, Inc. |  | 5.5500 | &nbsp;&nbsp;01/23/49 | 1281023 |
| 700000 | Anheuser-Busch InBev Worldwide, Inc. |  | 5.8000 | &nbsp;&nbsp;01/23/59 | 711054 |
| 500000 | Coca-Cola Company |  | 3.4500 | &nbsp;&nbsp;03/25/30 | 482667 |
| 800000 | Coca-Cola Company |  | 1.6500 | &nbsp;&nbsp;06/01/30 | 708428 |
| 600000 | Coca-Cola Company |  | 2.2500 | &nbsp;&nbsp;01/05/32 | 529170 |
| 800000 | Coca-Cola Company |  | 2.5000 | &nbsp;&nbsp;06/01/40 | 579125 |
| 1000000 | Coca-Cola Company |  | 2.6000 | &nbsp;&nbsp;06/01/50 | 617132 |
| 800000 | Coca-Cola Company |  | 3.0000 | &nbsp;&nbsp;03/05/51 | 532541 |
| 500000 | Coca-Cola Company |  | 5.3000 | &nbsp;&nbsp;05/13/54 | 484827 |
| 500000 | Coca-Cola Company |  | 5.2000 | &nbsp;&nbsp;01/14/55 | 476943 |
| 500000 | Coca-Cola Company |  | 5.4000 | &nbsp;&nbsp;05/13/64 | 483858 |
| 600000 | Constellation Brands, Inc. |  | 3.1500 | &nbsp;&nbsp;08/01/29 | 569498 |
| 700000 | Constellation Brands, Inc. |  | 2.2500 | &nbsp;&nbsp;08/01/31 | 606816 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BEVERAGES — 1.6% (Continued)** |  |  |  |  |
| 500000 | Diageo Capital plc |  | 5.5000 | &nbsp;&nbsp;01/24/33 | $521547 |
| 500000 | Diageo Capital plc |  | 5.6250 | &nbsp;&nbsp;10/05/33 | 525089 |
| 800000 | Keurig Dr Pepper, Inc. |  | 3.2000 | &nbsp;&nbsp;05/01/30 | 750965 |
| 800000 | Keurig Dr Pepper, Inc. |  | 4.5000 | &nbsp;&nbsp;04/15/52 | 657366 |
| 1000000 | Molson Coors Beverage Company |  | 4.2000 | &nbsp;&nbsp;07/15/46 | 794135 |
| 700000 | PepsiCo, Inc. |  | 2.7500 | &nbsp;&nbsp;03/19/30 | 653612 |
| 800000 | PepsiCo, Inc. |  | 1.6250 | &nbsp;&nbsp;05/01/30 | 708968 |
| 800000 | PepsiCo, Inc. |  | 3.9000 | &nbsp;&nbsp;07/18/32 | 771139 |
| 600000 | PepsiCo, Inc. |  | 5.0000 | &nbsp;&nbsp;02/07/35 | 606106 |
| 900000 | PepsiCo, Inc. |  | 2.6250 | &nbsp;&nbsp;10/21/41 | 635590 |
| 1100000 | PepsiCo, Inc. |  | 2.7500 | &nbsp;&nbsp;10/21/51 | 684217 |
|  |  |  |  |  | 18462711 |
|  | **BIOTECH & PHARMA — 6.4%** |  |  |  |  |
| 1700000 | AbbVie, Inc. |  | 3.2000 | &nbsp;&nbsp;11/21/29 | 1620307 |
| 500000 | AbbVie, Inc. |  | 4.8750 | &nbsp;&nbsp;03/15/30 | 510202 |
| 400000 | AbbVie, Inc. |  | 4.9500 | &nbsp;&nbsp;03/15/31 | 408702 |
| 800000 | AbbVie, Inc. |  | 5.0500 | &nbsp;&nbsp;03/15/34 | 810776 |
| 600000 | AbbVie, Inc. |  | 4.5500 | &nbsp;&nbsp;03/15/35 | 580206 |
| 600000 | AbbVie, Inc. |  | 5.2000 | &nbsp;&nbsp;03/15/35 | 610776 |
| 800000 | AbbVie, Inc. |  | 4.5000 | &nbsp;&nbsp;05/14/35 | 769010 |
| 1200000 | AbbVie, Inc. |  | 4.0500 | &nbsp;&nbsp;11/21/39 | 1047465 |
| 1000000 | AbbVie, Inc. |  | 4.4000 | &nbsp;&nbsp;11/06/42 | 877145 |
| 600000 | AbbVie, Inc. |  | 4.8500 | &nbsp;&nbsp;06/15/44 | 550030 |
| 1100000 | AbbVie, Inc. |  | 4.7000 | &nbsp;&nbsp;05/14/45 | 983289 |
| 900000 | AbbVie, Inc. |  | 4.4500 | &nbsp;&nbsp;05/14/46 | 770954 |
| 700000 | AbbVie, Inc. |  | 4.8750 | &nbsp;&nbsp;11/14/48 | 631629 |
| 1100000 | AbbVie, Inc. |  | 5.4000 | &nbsp;&nbsp;03/15/54 | 1062023 |
| 600000 | AbbVie, Inc. |  | 5.5000 | &nbsp;&nbsp;03/15/64 | 578831 |
| 1000000 | Amgen, Inc. |  | 1.6500 | &nbsp;&nbsp;08/15/28 | 922919 |
| 700000 | Amgen, Inc. |  | 2.4500 | &nbsp;&nbsp;02/21/30 | 639862 |
| 1000000 | Amgen, Inc. |  | 5.2500 | &nbsp;&nbsp;03/02/30 | 1027591 |
| 1500000 | Amgen, Inc. |  | 5.2500 | &nbsp;&nbsp;03/02/33 | 1530514 |
| 1000000 | Amgen, Inc. |  | 2.8000 | &nbsp;&nbsp;08/15/41 | 719995 |
| 1300000 | Amgen, Inc. |  | 5.6000 | &nbsp;&nbsp;03/02/43 | 1285660 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BIOTECH & PHARMA — 6.4% (Continued)** |  |  |  |  |
| 800000 | Amgen, Inc. |  | 4.5630 | &nbsp;&nbsp;06/15/48 | $675278 |
| 1000000 | Amgen, Inc. |  | 3.3750 | &nbsp;&nbsp;02/21/50 | 697259 |
| 1400000 | Amgen, Inc. |  | 5.6500 | &nbsp;&nbsp;03/02/53 | 1357142 |
| 700000 | Amgen, Inc. |  | 4.4000 | &nbsp;&nbsp;02/22/62 | 539614 |
| 900000 | Amgen, Inc. |  | 5.7500 | &nbsp;&nbsp;03/02/63 | 864753 |
| 800000 | Astrazeneca Finance, LLC |  | 4.8500 | &nbsp;&nbsp;02/26/29 | 814741 |
| 700000 | Astrazeneca Finance, LLC |  | 5.0000 | &nbsp;&nbsp;02/26/34 | 709757 |
| 900000 | AstraZeneca plc |  | 1.3750 | &nbsp;&nbsp;08/06/30 | 779701 |
| 900000 | AstraZeneca plc |  | 6.4500 | &nbsp;&nbsp;09/15/37 | 1005364 |
| 1000000 | AstraZeneca plc |  | 4.3750 | &nbsp;&nbsp;11/16/45 | 873038 |
| 1100000 | Biogen, Inc. |  | 3.1500 | &nbsp;&nbsp;05/01/50 | 688090 |
| 700000 | Bristol-Myers Squibb Company |  | 4.9000 | &nbsp;&nbsp;02/22/29 | 713506 |
| 600000 | Bristol-Myers Squibb Company |  | 5.7500 | &nbsp;&nbsp;02/01/31 | 636697 |
| 600000 | Bristol-Myers Squibb Company |  | 5.1000 | &nbsp;&nbsp;02/22/31 | 617507 |
| 700000 | Bristol-Myers Squibb Company |  | 2.9500 | &nbsp;&nbsp;03/15/32 | 633348 |
| 700000 | Bristol-Myers Squibb Company |  | 5.2000 | &nbsp;&nbsp;02/22/34 | 715364 |
| 800000 | Bristol-Myers Squibb Company |  | 4.1250 | &nbsp;&nbsp;06/15/39 | 706304 |
| 900000 | Bristol-Myers Squibb Company |  | 3.5500 | &nbsp;&nbsp;03/15/42 | 708483 |
| 900000 | Bristol-Myers Squibb Company |  | 6.2500 | &nbsp;&nbsp;11/15/53 | 958903 |
| 1400000 | Bristol-Myers Squibb Company |  | 5.5500 | &nbsp;&nbsp;02/22/54 | 1357365 |
| 600000 | Bristol-Myers Squibb Company |  | 3.9000 | &nbsp;&nbsp;03/15/62 | 426797 |
| 500000 | Bristol-Myers Squibb Company |  | 6.4000 | &nbsp;&nbsp;11/15/63 | 536423 |
| 600000 | Bristol-Myers Squibb Company |  | 5.6500 | &nbsp;&nbsp;02/22/64 | 580537 |
| 800000 | Eli Lilly & Company |  | 4.5000 | &nbsp;&nbsp;02/09/29 | 808209 |
| 700000 | Eli Lilly & Company |  | 4.7500 | &nbsp;&nbsp;02/12/30 | 713339 |
| 800000 | Eli Lilly & Company |  | 4.7000 | &nbsp;&nbsp;02/09/34 | 797324 |
| 800000 | Eli Lilly & Company |  | 5.1000 | &nbsp;&nbsp;02/12/35 | 814222 |
| 700000 | Eli Lilly & Company |  | 4.8750 | &nbsp;&nbsp;02/27/53 | 635161 |
| 500000 | Eli Lilly & Company |  | 5.0000 | &nbsp;&nbsp;02/09/54 | 462868 |
| 500000 | Eli Lilly & Company |  | 5.0500 | &nbsp;&nbsp;08/14/54 | 466877 |
| 500000 | Eli Lilly & Company |  | 5.5000 | &nbsp;&nbsp;02/12/55 | 498699 |
| 800000 | Eli Lilly & Company |  | 5.1000 | &nbsp;&nbsp;02/09/64 | 736882 |
| 600000 | Eli Lilly & Company |  | 5.6000 | &nbsp;&nbsp;02/12/65 | 601852 |
| 500000 | Gilead Sciences, Inc. |  | 5.1000 | &nbsp;&nbsp;06/15/35 | 503843 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BIOTECH & PHARMA — 6.4% (Continued)** |  |  |  |  |
| 500000 | Gilead Sciences, Inc. |  | 4.6000 | &nbsp;&nbsp;09/01/35 | $483799 |
| 500000 | Gilead Sciences, Inc. |  | 5.6500 | &nbsp;&nbsp;12/01/41 | 505672 |
| 800000 | Gilead Sciences, Inc. |  | 4.8000 | &nbsp;&nbsp;04/01/44 | 726889 |
| 800000 | Gilead Sciences, Inc. |  | 4.5000 | &nbsp;&nbsp;02/01/45 | 694375 |
| 800000 | Gilead Sciences, Inc. |  | 4.7500 | &nbsp;&nbsp;03/01/46 | 713930 |
| 800000 | Gilead Sciences, Inc. |  | 4.1500 | &nbsp;&nbsp;03/01/47 | 653058 |
| 900000 | Gilead Sciences, Inc. |  | 2.8000 | &nbsp;&nbsp;10/01/50 | 563390 |
| 400000 | Gilead Sciences, Inc. |  | 5.5500 | &nbsp;&nbsp;10/15/53 | 393473 |
| 400000 | Gilead Sciences, Inc. |  | 5.5000 | &nbsp;&nbsp;11/15/54 | 391491 |
| 500000 | GlaxoSmithKline Capital, Inc. |  | 4.8750 | &nbsp;&nbsp;04/15/35 | 496409 |
| 800000 | GlaxoSmithKline Capital, Inc. |  | 6.3750 | &nbsp;&nbsp;05/15/38 | 883861 |
| 500000 | Johnson & Johnson |  | 4.7000 | &nbsp;&nbsp;03/01/30 | 510070 |
| 900000 | Johnson & Johnson |  | 1.3000 | &nbsp;&nbsp;09/01/30 | 781648 |
| 500000 | Johnson & Johnson |  | 4.8500 | &nbsp;&nbsp;03/01/32 | 511849 |
| 1000000 | Johnson & Johnson |  | 5.0000 | &nbsp;&nbsp;03/01/35 | 1020880 |
| 1000000 | Johnson & Johnson |  | 3.6250 | &nbsp;&nbsp;03/03/37 | 886326 |
| 800000 | Johnson & Johnson |  | 3.7000 | &nbsp;&nbsp;03/01/46 | 637237 |
| 800000 | Johnson & Johnson |  | 3.7500 | &nbsp;&nbsp;03/03/47 | 637466 |
| 800000 | Merck & Company, Inc. |  | 2.1500 | &nbsp;&nbsp;12/10/31 | 694930 |
| 600000 | Merck & Company, Inc. |  | 4.5000 | &nbsp;&nbsp;05/17/33 | 595499 |
| 800000 | Merck & Company, Inc. |  | 4.1500 | &nbsp;&nbsp;05/18/43 | 676829 |
| 600000 | Merck & Company, Inc. |  | 4.9000 | &nbsp;&nbsp;05/17/44 | 556920 |
| 1100000 | Merck & Company, Inc. |  | 3.7000 | &nbsp;&nbsp;02/10/45 | 858993 |
| 1600000 | Merck & Company, Inc. |  | 2.7500 | &nbsp;&nbsp;12/10/51 | 974627 |
| 800000 | Novartis Capital Corporation |  | 4.4000 | &nbsp;&nbsp;05/06/44 | 707433 |
| 800000 | Novartis Capital Corporation |  | 4.0000 | &nbsp;&nbsp;11/20/45 | 659602 |
| 1000000 | Novartis Capital Corporation |  | 2.7500 | &nbsp;&nbsp;08/14/50 | 629741 |
| 600000 | Pfizer Investment Enterprises Pte Ltd. |  | 4.6500 | &nbsp;&nbsp;05/19/30 | 605091 |
| 1300000 | Pfizer Investment Enterprises Pte Ltd. |  | 4.7500 | &nbsp;&nbsp;05/19/33 | 1294331 |
| 1100000 | Pfizer Investment Enterprises Pte Ltd. |  | 5.1100 | &nbsp;&nbsp;05/19/43 | 1041633 |
| 1900000 | Pfizer Investment Enterprises Pte Ltd. |  | 5.3000 | &nbsp;&nbsp;05/19/53 | 1778139 |
| 1300000 | Pfizer Investment Enterprises Pte Ltd. |  | 5.3400 | &nbsp;&nbsp;05/19/63 | 1193483 |
| 600000 | Pfizer, Inc. |  | 2.6250 | &nbsp;&nbsp;04/01/30 | 556258 |
| 600000 | Pfizer, Inc. |  | 1.7000 | &nbsp;&nbsp;05/28/30 | 529578 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **BIOTECH & PHARMA — 6.4% (Continued)** |  |  |  |  |
| 900000 | Pfizer, Inc. |  | 7.2000 | &nbsp;&nbsp;03/15/39 | $1060728 |
| 600000 | Pfizer, Inc. |  | 4.3000 | &nbsp;&nbsp;06/15/43 | 514596 |
| 700000 | Pfizer, Inc. |  | 4.4000 | &nbsp;&nbsp;05/15/44 | 609026 |
| 800000 | Pfizer, Inc. |  | 4.1250 | &nbsp;&nbsp;12/15/46 | 650680 |
| 700000 | Regeneron Pharmaceuticals, Inc. |  | 1.7500 | &nbsp;&nbsp;09/15/30 | 607993 |
| 900000 | Royalty Pharma plc |  | 3.3000 | &nbsp;&nbsp;09/02/40 | 675539 |
| 1000000 | Takeda Pharmaceutical Company Ltd. |  | 5.0000 | &nbsp;&nbsp;11/26/28 | 1014286 |
| 700000 | Takeda Pharmaceutical Company Ltd. |  | 5.6500 | &nbsp;&nbsp;07/05/44 | 693821 |
| 500000 | Takeda Pharmaceutical Company Ltd. |  | 3.1750 | &nbsp;&nbsp;07/09/50 | 326801 |
| 900000 | Viatris, Inc. |  | 4.0000 | &nbsp;&nbsp;06/22/50 | 592598 |
| 900000 | Wyeth, LLC |  | 5.9500 | &nbsp;&nbsp;04/01/37 | 956158 |
| 600000 | Zoetis, Inc. |  | 4.7000 | &nbsp;&nbsp;02/01/43 | 545649 |
|  |  |  |  |  | 75665918 |
|  | **CABLE & SATELLITE — 2.2%** |  |  |  |  |
| 1000000 | Charter Communications Operating, LLC / Charter |  | 6.1000 | &nbsp;&nbsp;06/01/29 | 1042241 |
| 600000 | Charter Communications Operating, LLC / Charter |  | 6.6500 | &nbsp;&nbsp;02/01/34 | 636367 |
| 600000 | Charter Communications Operating, LLC / Charter |  | 6.5500 | &nbsp;&nbsp;06/01/34 | 632707 |
| 900000 | Charter Communications Operating, LLC / Charter |  | 6.3840 | &nbsp;&nbsp;10/23/35 | 930722 |
| 1400000 | Charter Communications Operating, LLC / Charter |  | 6.4840 | &nbsp;&nbsp;10/23/45 | 1366644 |
| 1200000 | Charter Communications Operating, LLC / Charter |  | 5.3750 | &nbsp;&nbsp;05/01/47 | 1018594 |
| 1100000 | Charter Communications Operating, LLC / Charter |  | 5.7500 | &nbsp;&nbsp;04/01/48 | 974614 |
| 1400000 | Charter Communications Operating, LLC / Charter |  | 4.8000 | &nbsp;&nbsp;03/01/50 | 1086613 |
| 1200000 | Charter Communications Operating, LLC / Charter |  | 3.7000 | &nbsp;&nbsp;04/01/51 | 776423 |
| 1300000 | Charter Communications Operating, LLC / Charter |  | 3.9000 | &nbsp;&nbsp;06/01/52 | 861779 |
| 600000 | Charter Communications Operating, LLC / Charter |  | 4.4000 | &nbsp;&nbsp;12/01/61 | 408313 |
| 1200000 | Comcast Corporation |  | 4.1500 | &nbsp;&nbsp;10/15/28 | 1192443 |
| 900000 | Comcast Corporation |  | 3.4000 | &nbsp;&nbsp;04/01/30 | 860375 |
| 500000 | Comcast Corporation |  | 4.2500 | &nbsp;&nbsp;10/15/30 | 494961 |
| 700000 | Comcast Corporation |  | 1.9500 | &nbsp;&nbsp;01/15/31 | 611196 |
| 500000 | Comcast Corporation |  | 1.5000 | &nbsp;&nbsp;02/15/31 | 425209 |
| 100000 | Comcast Corporation |  | 5.5000 | &nbsp;&nbsp;11/15/32 | 104377 |
| 500000 | Comcast Corporation |  | 4.2500 | &nbsp;&nbsp;01/15/33 | 481475 |
| 500000 | Comcast Corporation |  | 4.6500 | &nbsp;&nbsp;02/15/33 | 494879 |
| 600000 | Comcast Corporation |  | 4.8000 | &nbsp;&nbsp;05/15/33 | 595980 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **CABLE & SATELLITE — 2.2% (Continued)** |  |  |  |  |
| 600000 | Comcast Corporation |  | 4.2000 | &nbsp;&nbsp;08/15/34 | $564089 |
| 700000 | Comcast Corporation |  | 3.2000 | &nbsp;&nbsp;07/15/36 | 583914 |
| 1000000 | Comcast Corporation |  | 3.9000 | &nbsp;&nbsp;03/01/38 | 862302 |
| 600000 | Comcast Corporation |  | 3.2500 | &nbsp;&nbsp;11/01/39 | 467406 |
| 900000 | Comcast Corporation |  | 3.7500 | &nbsp;&nbsp;04/01/40 | 740648 |
| 1100000 | Comcast Corporation |  | 3.4000 | &nbsp;&nbsp;07/15/46 | 778578 |
| 1000000 | Comcast Corporation |  | 4.0000 | &nbsp;&nbsp;08/15/47 | 769277 |
| 1100000 | Comcast Corporation |  | 3.9690 | &nbsp;&nbsp;11/01/47 | 841463 |
| 1100000 | Comcast Corporation |  | 3.9990 | &nbsp;&nbsp;11/01/49 | 831273 |
| 1200000 | Comcast Corporation |  | 3.4500 | &nbsp;&nbsp;02/01/50 | 820436 |
| 3000000 | Comcast Corporation |  | 2.8870 | &nbsp;&nbsp;11/01/51 | 1806834 |
| 600000 | Comcast Corporation |  | 5.3500 | &nbsp;&nbsp;05/15/53 | 551801 |
| 600000 | Time Warner Cable, LLC |  | 7.3000 | &nbsp;&nbsp;07/01/38 | 647135 |
| 600000 | Time Warner Cable, LLC |  | 6.7500 | &nbsp;&nbsp;06/15/39 | 615351 |
| 700000 | Time Warner Cable, LLC |  | 5.5000 | &nbsp;&nbsp;09/01/41 | 629651 |
|  |  |  |  |  | 26506070 |
|  | **CHEMICALS — 0.8%** |  |  |  |  |
| 800000 | Air Products and Chemicals, Inc. |  | 4.6000 | &nbsp;&nbsp;02/08/29 | 809328 |
| 1300000 | Air Products and Chemicals, Inc. |  | 2.0500 | &nbsp;&nbsp;05/15/30 | 1169069 |
| 1000000 | Dow Chemical Company |  | 4.3750 | &nbsp;&nbsp;11/15/42 | 796198 |
| 800000 | Dow Chemical Company |  | 3.6000 | &nbsp;&nbsp;11/15/50 | 529148 |
| 500000 | Dow Chemical Company |  | 6.9000 | &nbsp;&nbsp;05/15/53 | 523922 |
| 800000 | DuPont de Nemours, Inc. |  | 4.7250 | &nbsp;&nbsp;11/15/28 | 809600 |
| 900000 | DuPont de Nemours, Inc. |  | 5.4190 | &nbsp;&nbsp;11/15/48 | 901170 |
| 1200000 | Eastman Chemical Company |  | 5.0000 | &nbsp;&nbsp;08/01/29 | 1213846 |
| 700000 | LYB International Finance III, LLC |  | 5.5000 | &nbsp;&nbsp;03/01/34 | 693357 |
| 1000000 | LYB International Finance III, LLC |  | 4.2000 | &nbsp;&nbsp;05/01/50 | 729415 |
| 700000 | Nutrien Ltd. |  | 5.8000 | &nbsp;&nbsp;03/27/53 | 692952 |
| 800000 | Sherwin-Williams Company |  | 4.5000 | &nbsp;&nbsp;06/01/47 | 669477 |
|  |  |  |  |  | 9537482 |
|  | **COMMERCIAL SUPPORT SERVICES — 0.4%** |  |  |  |  |
| 1300000 | Republic Services, Inc. |  | 3.9500 | &nbsp;&nbsp;05/15/28 | 1290258 |
| 800000 | Waste Connections, Inc. |  | 5.0000 | &nbsp;&nbsp;03/01/34 | 807406 |
| 600000 | Waste Management, Inc. |  | 4.6250 | &nbsp;&nbsp;02/15/30 | 605756 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **COMMERCIAL SUPPORT SERVICES — 0.4% (Continued)** |  |  |  |  |
| 800000 | Waste Management, Inc. |  | 4.8000 | &nbsp;&nbsp;03/15/32 | $809694 |
| 900000 | Waste Management, Inc. |  | 4.9500 | &nbsp;&nbsp;03/15/35 | 899642 |
| 100000 | Waste Management, Inc. |  | 5.3500 | &nbsp;&nbsp;10/15/54 | 96825 |
|  |  |  |  |  | 4509581 |
|  | **CONSTRUCTION MATERIALS — 0.2%** |  |  |  |  |
| 800000 | CRH America Finance, Inc. |  | 5.5000 | &nbsp;&nbsp;01/09/35 | 818300 |
| 700000 | CRH SMW Finance DAC |  | 5.1250 | &nbsp;&nbsp;01/09/30 | 714564 |
| 1000000 | Martin Marietta Materials, Inc. |  | 5.1500 | &nbsp;&nbsp;12/01/34 | 1003740 |
|  |  |  |  |  | 2536604 |
|  | **CONTAINERS & PACKAGING — 0.1%** |  |  |  |  |
| 600000 | Amcor Flexibles North America, Inc.<sup>(a)</sup> |  | 5.5000 | &nbsp;&nbsp;03/17/35 | 611000 |
| 700000 | Berry Global, Inc. Series 21-25A CR |  | 5.8000 | &nbsp;&nbsp;06/15/31 | 734312 |
|  |  |  |  |  | 1345312 |
|  | **DIVERSIFIED INDUSTRIALS — 0.6%** |  |  |  |  |
| 1600000 | 3M Company |  | 2.3750 | &nbsp;&nbsp;08/26/29 | 1481189 |
| 1000000 | Emerson Electric Company |  | 2.2000 | &nbsp;&nbsp;12/21/31 | 874297 |
| 1000000 | Honeywell International, Inc. |  | 1.9500 | &nbsp;&nbsp;06/01/30 | 892497 |
| 700000 | Honeywell International, Inc. |  | 1.7500 | &nbsp;&nbsp;09/01/31 | 595986 |
| 600000 | Honeywell International, Inc. |  | 5.0000 | &nbsp;&nbsp;02/15/33 | 608367 |
| 700000 | Honeywell International, Inc. |  | 4.5000 | &nbsp;&nbsp;01/15/34 | 682240 |
| 800000 | Honeywell International, Inc. |  | 5.2500 | &nbsp;&nbsp;03/01/54 | 754258 |
| 1200000 | Parker-Hannifin Corporation |  | 4.5000 | &nbsp;&nbsp;09/15/29 | 1204817 |
|  |  |  |  |  | 7093651 |
|  | **E-COMMERCE DISCRETIONARY — 0.8%** |  |  |  |  |
| 700000 | Amazon.com, Inc. |  | 4.6500 | &nbsp;&nbsp;12/01/29 | 712804 |
| 900000 | Amazon.com, Inc. |  | 1.5000 | &nbsp;&nbsp;06/03/30 | 794074 |
| 700000 | Amazon.com, Inc. |  | 2.1000 | &nbsp;&nbsp;05/12/31 | 619765 |
| 800000 | Amazon.com, Inc. |  | 3.6000 | &nbsp;&nbsp;04/13/32 | 763739 |
| 600000 | Amazon.com, Inc. |  | 4.7000 | &nbsp;&nbsp;12/01/32 | 609446 |
| 1000000 | Amazon.com, Inc. |  | 3.8750 | &nbsp;&nbsp;08/22/37 | 899576 |
| 800000 | Amazon.com, Inc. |  | 2.8750 | &nbsp;&nbsp;05/12/41 | 595969 |
| 100000 | Amazon.com, Inc. |  | 4.9500 | &nbsp;&nbsp;12/05/44 | 96579 |
| 1200000 | Amazon.com, Inc. |  | 4.0500 | &nbsp;&nbsp;08/22/47 | 989032 |
| 1400000 | Amazon.com, Inc. |  | 3.1000 | &nbsp;&nbsp;05/12/51 | 942029 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **E-COMMERCE DISCRETIONARY — 0.8% (Continued)** |  |  |  |  |
| 900000 | Amazon.com, Inc. |  | 3.9500 | &nbsp;&nbsp;04/13/52 | $707780 |
| 900000 | Amazon.com, Inc. |  | 4.2500 | &nbsp;&nbsp;08/22/57 | 736695 |
| 700000 | Amazon.com, Inc. |  | 4.1000 | &nbsp;&nbsp;04/13/62 | 546856 |
| 700000 | eBay, Inc. |  | 4.0000 | &nbsp;&nbsp;07/15/42 | 566912 |
|  |  |  |  |  | 9581256 |
|  | **ELECTRIC UTILITIES — 3.6%** |  |  |  |  |
| 700000 | AES Corporation |  | 5.8000 | &nbsp;&nbsp;03/15/32 | 710702 |
| 600000 | American Electric Power Company, Inc. |  | 5.6250 | &nbsp;&nbsp;03/01/33 | 622663 |
| 700000 | Berkshire Hathaway Energy Company |  | 5.1500 | &nbsp;&nbsp;11/15/43 | 662459 |
| 900000 | Berkshire Hathaway Energy Company |  | 4.6000 | &nbsp;&nbsp;05/01/53 | 756599 |
| 700000 | Consolidated Edison Company of New York, Inc. |  | 5.9000 | &nbsp;&nbsp;11/15/53 | 714462 |
| 800000 | Consolidated Edison Company of New York, Inc. |  | 5.7000 | &nbsp;&nbsp;05/15/54 | 796220 |
| 600000 | Constellation Energy Generation, LLC |  | 6.5000 | &nbsp;&nbsp;10/01/53 | 649933 |
| 600000 | Constellation Energy Generation, LLC |  | 5.7500 | &nbsp;&nbsp;03/15/54 | 589978 |
| 700000 | Dominion Energy, Inc. |  | 5.0000 | &nbsp;&nbsp;06/15/30 | 712198 |
| 900000 | Dominion Energy, Inc. |  | 2.2500 | &nbsp;&nbsp;08/15/31 | 782625 |
| 900000 | DTE Energy Company Series C |  | 4.8750 | &nbsp;&nbsp;06/01/28 | 909264 |
| 800000 | Duke Energy Carolinas, LLC |  | 4.9500 | &nbsp;&nbsp;01/15/33 | 811844 |
| 500000 | Duke Energy Carolinas, LLC |  | 5.3500 | &nbsp;&nbsp;01/15/53 | 477289 |
| 500000 | Duke Energy Carolinas, LLC |  | 5.4000 | &nbsp;&nbsp;01/15/54 | 482615 |
| 900000 | Duke Energy Corporation |  | 2.4500 | &nbsp;&nbsp;06/01/30 | 815824 |
| 700000 | Duke Energy Corporation |  | 5.4500 | &nbsp;&nbsp;06/15/34 | 717972 |
| 1000000 | Duke Energy Corporation |  | 3.7500 | &nbsp;&nbsp;09/01/46 | 741248 |
| 500000 | Entergy Louisiana, LLC |  | 5.8000 | &nbsp;&nbsp;03/15/55 | 499572 |
| 900000 | Exelon Corporation |  | 4.0500 | &nbsp;&nbsp;04/15/30 | 883389 |
| 900000 | Exelon Corporation |  | 4.7000 | &nbsp;&nbsp;04/15/50 | 756179 |
| 600000 | Florida Power & Light Company |  | 2.4500 | &nbsp;&nbsp;02/03/32 | 529316 |
| 700000 | Florida Power & Light Company |  | 4.8000 | &nbsp;&nbsp;05/15/33 | 699948 |
| 600000 | Florida Power & Light Company |  | 5.3000 | &nbsp;&nbsp;06/15/34 | 616463 |
| 800000 | Florida Power & Light Company |  | 2.8750 | &nbsp;&nbsp;12/04/51 | 503296 |
| 600000 | Florida Power & Light Company |  | 5.3000 | &nbsp;&nbsp;04/01/53 | 575302 |
| 1100000 | Georgia Power Company |  | 4.9500 | &nbsp;&nbsp;05/17/33 | 1105851 |
| 700000 | MidAmerican Energy Company |  | 5.8500 | &nbsp;&nbsp;09/15/54 | 716061 |
| 600000 | National Grid plc |  | 5.4180 | &nbsp;&nbsp;01/11/34 | 611456 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **ELECTRIC UTILITIES — 3.6% (Continued)** |  |  |  |  |
| 600000 | NextEra Energy Capital Holdings, Inc. |  | 5.3000 | &nbsp;&nbsp;03/15/32 | $616327 |
| 700000 | NextEra Energy Capital Holdings, Inc. |  | 5.0500 | &nbsp;&nbsp;02/28/33 | 703280 |
| 500000 | NextEra Energy Capital Holdings, Inc. |  | 5.2500 | &nbsp;&nbsp;03/15/34 | 504733 |
| 600000 | NextEra Energy Capital Holdings, Inc. |  | 5.4500 | &nbsp;&nbsp;03/15/35 | 610799 |
| 800000 | NextEra Energy Capital Holdings, Inc. |  | 5.2500 | &nbsp;&nbsp;02/28/53 | 736645 |
| 500000 | Northern States Power Company |  | 5.1000 | &nbsp;&nbsp;05/15/53 | 464478 |
| 600000 | Oncor Electric Delivery Company, LLC |  | 5.5500 | &nbsp;&nbsp;06/15/54 | 583914 |
| 700000 | Pacific Gas and Electric Company |  | 6.1000 | &nbsp;&nbsp;01/15/29 | 724194 |
| 1100000 | Pacific Gas and Electric Company |  | 4.5500 | &nbsp;&nbsp;07/01/30 | 1079075 |
| 600000 | Pacific Gas and Electric Company |  | 6.4000 | &nbsp;&nbsp;06/15/33 | 633297 |
| 500000 | Pacific Gas and Electric Company |  | 5.8000 | &nbsp;&nbsp;05/15/34 | 507776 |
| 600000 | Pacific Gas and Electric Company |  | 5.7000 | &nbsp;&nbsp;03/01/35 | 602571 |
| 800000 | Pacific Gas and Electric Company |  | 4.5000 | &nbsp;&nbsp;07/01/40 | 676379 |
| 1500000 | Pacific Gas and Electric Company |  | 4.9500 | &nbsp;&nbsp;07/01/50 | 1242254 |
| 900000 | Pacific Gas and Electric Company |  | 3.5000 | &nbsp;&nbsp;08/01/50 | 591461 |
| 700000 | Pacific Gas and Electric Company |  | 6.7500 | &nbsp;&nbsp;01/15/53 | 727856 |
| 700000 | PacifiCorporation |  | 5.4500 | &nbsp;&nbsp;02/15/34 | 706164 |
| 600000 | PacifiCorporation |  | 5.5000 | &nbsp;&nbsp;05/15/54 | 549753 |
| 800000 | PacifiCorporation |  | 5.8000 | &nbsp;&nbsp;01/15/55 | 762294 |
| 500000 | PPL Capital Funding, Inc. |  | 5.2500 | &nbsp;&nbsp;09/01/34 | 504657 |
| 700000 | Public Service Company of Colorado |  | 5.3500 | &nbsp;&nbsp;05/15/34 | 710581 |
| 500000 | Public Service Company of Colorado |  | 5.7500 | &nbsp;&nbsp;05/15/54 | 494321 |
| 800000 | Public Service Enterprise Group, Inc. |  | 2.4500 | &nbsp;&nbsp;11/15/31 | 700677 |
| 700000 | San Diego Gas & Electric Company |  | 5.3500 | &nbsp;&nbsp;04/01/53 | 652459 |
| 700000 | Southern California Edison Company |  | 5.4500 | &nbsp;&nbsp;06/01/31 | 712973 |
| 800000 | Southern California Edison Company |  | 5.2000 | &nbsp;&nbsp;06/01/34 | 785658 |
| 1200000 | Southern California Edison Company |  | 4.0000 | &nbsp;&nbsp;04/01/47 | 874517 |
| 600000 | Southern Company |  | 5.2000 | &nbsp;&nbsp;06/15/33 | 610827 |
| 400000 | Southern Company |  | 4.4000 | &nbsp;&nbsp;07/01/46 | 332771 |
| 3000000 | Southern Company<sup>(b)</sup> | H15T5Y + 3.733% | 4.0000 | &nbsp;&nbsp;01/15/51 | 2988592 |
| 700000 | Xcel Energy, Inc. |  | 5.6000 | &nbsp;&nbsp;04/15/35 | 713702 |
|  |  |  |  |  | 42555713 |
|  | **ELECTRICAL EQUIPMENT — 0.4%** |  |  |  |  |
| 1000000 | Amphenol Corporation |  | 2.8000 | &nbsp;&nbsp;02/15/30 | 935543 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **ELECTRICAL EQUIPMENT — 0.4% (Continued)** |  |  |  |  |
| 1300000 | Carrier Global Corporation |  | 2.7220 | &nbsp;&nbsp;02/15/30 | $1206984 |
| 1100000 | Carrier Global Corporation |  | 2.7000 | &nbsp;&nbsp;02/15/31 | 998580 |
| 1400000 | Otis Worldwide Corporation |  | 5.2500 | &nbsp;&nbsp;08/16/28 | 1431623 |
|  |  |  |  |  | 4572730 |
|  | **ENTERTAINMENT CONTENT — 0.7%** |  |  |  |  |
| 600000 | Fox Corporation |  | 5.4760 | &nbsp;&nbsp;01/25/39 | 584538 |
| 700000 | Fox Corporation |  | 5.5760 | &nbsp;&nbsp;01/25/49 | 655868 |
| 800000 | Paramount Global |  | 4.2000 | &nbsp;&nbsp;05/19/32 | 734158 |
| 900000 | Paramount Global |  | 4.3750 | &nbsp;&nbsp;03/15/43 | 681887 |
| 600000 | Walt Disney Company |  | 2.0000 | &nbsp;&nbsp;09/01/29 | 549261 |
| 600000 | Walt Disney Company |  | 3.8000 | &nbsp;&nbsp;03/22/30 | 587231 |
| 600000 | Walt Disney Company |  | 2.6500 | &nbsp;&nbsp;01/13/31 | 550101 |
| 500000 | Walt Disney Company |  | 6.6500 | &nbsp;&nbsp;11/15/37 | 568422 |
| 1000000 | Walt Disney Company |  | 3.5000 | &nbsp;&nbsp;05/13/40 | 818199 |
| 1100000 | Walt Disney Company |  | 2.7500 | &nbsp;&nbsp;09/01/49 | 688702 |
| 1000000 | Walt Disney Company |  | 3.6000 | &nbsp;&nbsp;01/13/51 | 735188 |
| 1162000 | Warnermedia Holdings, Inc. |  | 4.2790 | &nbsp;&nbsp;03/15/32 | 979712 |
|  |  |  |  |  | 8133267 |
|  | **FOOD — 0.8%** |  |  |  |  |
| 800000 | Campbell Soup Company |  | 5.4000 | &nbsp;&nbsp;03/21/34 | 808522 |
| 900000 | Conagra Brands, Inc. |  | 4.8500 | &nbsp;&nbsp;11/01/28 | 903626 |
| 700000 | Conagra Brands, Inc. |  | 5.3000 | &nbsp;&nbsp;11/01/38 | 659337 |
| 600000 | Hormel Foods Corporation |  | 1.8000 | &nbsp;&nbsp;06/11/30 | 531504 |
| 800000 | J M Smucker Company |  | 6.5000 | &nbsp;&nbsp;11/15/53 | 857689 |
| 1000000 | JBS USA LUX S.A. / JBS USA Food Company / JBS USA |  | 3.0000 | &nbsp;&nbsp;05/15/32 | 874003 |
| 900000 | JBS USA LUX S.A. / JBS USA Food Company / JBS USA |  | 6.5000 | &nbsp;&nbsp;12/01/52 | 922200 |
| 900000 | JBS USA LUX Sarl / JBS USA Food Company / JBS USA<sup>(a)</sup> |  | 5.9500 | &nbsp;&nbsp;04/20/35 | 930186 |
| 2300000 | Kraft Heinz Foods Company |  | 4.3750 | &nbsp;&nbsp;06/01/46 | 1829179 |
| 900000 | Mondelez International, Inc. |  | 3.0000 | &nbsp;&nbsp;03/17/32 | 810909 |
| 1000000 | Tyson Foods, Inc. |  | 5.1000 | &nbsp;&nbsp;09/28/48 | 895256 |
|  |  |  |  |  | 10022411 |
|  | **GAS & WATER UTILITIES — 0.3%** |  |  |  |  |
| 900000 | American Water Capital Corporation |  | 4.4500 | &nbsp;&nbsp;06/01/32 | 885151 |
| 700000 | American Water Capital Corporation |  | 5.2500 | &nbsp;&nbsp;03/01/35 | 707908 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **GAS & WATER UTILITIES — 0.3% (Continued)** |  |  |  |  |
| 800000 | NiSource, Inc. |  | 3.6000 | &nbsp;&nbsp;05/01/30 | $766373 |
| 600000 | NiSource, Inc. |  | 1.7000 | &nbsp;&nbsp;02/15/31 | 511712 |
| 800000 | NiSource, Inc. |  | 4.3750 | &nbsp;&nbsp;05/15/47 | 658657 |
|  |  |  |  |  | 3529801 |
|  | **HEALTH CARE FACILITIES & SERVICES — 4.4%** |  |  |  |  |
| 600000 | AmerisourceBergen Corporation |  | 2.7000 | &nbsp;&nbsp;03/15/31 | 541495 |
| 800000 | Anthem, Inc. |  | 4.6500 | &nbsp;&nbsp;08/15/44 | 689747 |
| 1000000 | Anthem, Inc. |  | 3.6000 | &nbsp;&nbsp;03/15/51 | 692508 |
| 500000 | Cardinal Health, Inc. |  | 5.3500 | &nbsp;&nbsp;11/15/34 | 506137 |
| 1000000 | Centene Corporation |  | 2.4500 | &nbsp;&nbsp;07/15/28 | 912377 |
| 900000 | Centene Corporation |  | 4.6250 | &nbsp;&nbsp;12/15/29 | 856379 |
| 600000 | Centene Corporation |  | 2.5000 | &nbsp;&nbsp;03/01/31 | 503853 |
| 500000 | Centene Corporation |  | 2.6250 | &nbsp;&nbsp;08/01/31 | 417838 |
| 700000 | Cigna Corporation |  | 4.8000 | &nbsp;&nbsp;07/15/46 | 605141 |
| 900000 | Cigna Group |  | 4.3750 | &nbsp;&nbsp;10/15/28 | 896759 |
| 800000 | Cigna Group |  | 2.3750 | &nbsp;&nbsp;03/15/31 | 709540 |
| 400000 | Cigna Group |  | 5.1250 | &nbsp;&nbsp;05/15/31 | 408790 |
| 600000 | Cigna Group |  | 5.2500 | &nbsp;&nbsp;02/15/34 | 606705 |
| 1100000 | Cigna Group |  | 4.9000 | &nbsp;&nbsp;12/15/48 | 953198 |
| 1000000 | Cigna Group |  | 3.4000 | &nbsp;&nbsp;03/15/51 | 666957 |
| 700000 | Cigna Group |  | 5.6000 | &nbsp;&nbsp;02/15/54 | 664774 |
| 700000 | CVS Health Corporation |  | 5.0000 | &nbsp;&nbsp;01/30/29 | 709505 |
| 800000 | CVS Health Corporation |  | 3.2500 | &nbsp;&nbsp;08/15/29 | 758248 |
| 600000 | CVS Health Corporation |  | 5.1250 | &nbsp;&nbsp;02/21/30 | 609968 |
| 600000 | CVS Health Corporation |  | 5.2500 | &nbsp;&nbsp;01/30/31 | 611810 |
| 700000 | CVS Health Corporation |  | 5.5500 | &nbsp;&nbsp;06/01/31 | 725087 |
| 700000 | CVS Health Corporation |  | 5.2500 | &nbsp;&nbsp;02/21/33 | 702390 |
| 600000 | CVS Health Corporation |  | 5.3000 | &nbsp;&nbsp;06/01/33 | 603546 |
| 1700000 | CVS Health Corporation |  | 4.7800 | &nbsp;&nbsp;03/25/38 | 1554853 |
| 800000 | CVS Health Corporation |  | 5.3000 | &nbsp;&nbsp;12/05/43 | 725507 |
| 1600000 | CVS Health Corporation |  | 5.1250 | &nbsp;&nbsp;07/20/45 | 1408387 |
| 800000 | CVS Health Corporation |  | 5.6250 | &nbsp;&nbsp;02/21/53 | 736630 |
| 1000000 | CVS Health Corporation |  | 5.8750 | &nbsp;&nbsp;06/01/53 | 950554 |
| 700000 | Elevance Health, Inc. |  | 4.9500 | &nbsp;&nbsp;11/01/31 | 704177 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **HEALTH CARE FACILITIES & SERVICES — 4.4% (Continued)** |  |  |  |  |
| 600000 | Elevance Health, Inc. |  | 5.3750 | &nbsp;&nbsp;06/15/34 | $608211 |
| 600000 | Elevance Health, Inc. |  | 5.2000 | &nbsp;&nbsp;02/15/35 | 600478 |
| 1000000 | Elevance Health, Inc. |  | 3.1250 | &nbsp;&nbsp;05/15/50 | 638289 |
| 500000 | Elevance Health, Inc. |  | 6.1000 | &nbsp;&nbsp;10/15/52 | 504379 |
| 900000 | Elevance Health, Inc. |  | 5.1250 | &nbsp;&nbsp;02/15/53 | 795124 |
| 600000 | HCA, Inc. |  | 5.2000 | &nbsp;&nbsp;06/01/28 | 610228 |
| 800000 | HCA, Inc. |  | 4.1250 | &nbsp;&nbsp;06/15/29 | 784624 |
| 700000 | HCA, Inc. |  | 3.5000 | &nbsp;&nbsp;09/01/30 | 660003 |
| 400000 | HCA, Inc. |  | 5.5000 | &nbsp;&nbsp;03/01/32 | 410779 |
| 500000 | HCA, Inc. |  | 3.6250 | &nbsp;&nbsp;03/15/32 | 460459 |
| 600000 | HCA, Inc. |  | 5.5000 | &nbsp;&nbsp;06/01/33 | 612999 |
| 500000 | HCA, Inc. |  | 5.4500 | &nbsp;&nbsp;09/15/34 | 502707 |
| 600000 | HCA, Inc. |  | 5.7500 | &nbsp;&nbsp;03/01/35 | 614897 |
| 600000 | HCA, Inc. |  | 5.5000 | &nbsp;&nbsp;06/15/47 | 555539 |
| 800000 | HCA, Inc. |  | 5.2500 | &nbsp;&nbsp;06/15/49 | 708437 |
| 700000 | HCA, Inc. |  | 3.5000 | &nbsp;&nbsp;07/15/51 | 461152 |
| 800000 | HCA, Inc. |  | 4.6250 | &nbsp;&nbsp;03/15/52 | 640647 |
| 400000 | HCA, Inc. |  | 5.9000 | &nbsp;&nbsp;06/01/53 | 384063 |
| 500000 | HCA, Inc. |  | 6.2000 | &nbsp;&nbsp;03/01/55 | 500487 |
| 1400000 | Humana, Inc. |  | 5.3750 | &nbsp;&nbsp;04/15/31 | 1428091 |
| 900000 | IQVIA, Inc. |  | 6.2500 | &nbsp;&nbsp;02/01/29 | 941106 |
| 800000 | Laboratory Corp of America Holdings |  | 4.8000 | &nbsp;&nbsp;10/01/34 | 778337 |
| 500000 | Quest Diagnostics, Inc. |  | 2.9500 | &nbsp;&nbsp;06/30/30 | 464664 |
| 500000 | Quest Diagnostics, Inc. |  | 6.4000 | &nbsp;&nbsp;11/30/33 | 547269 |
| 800000 | UnitedHealth Group, Inc. |  | 4.2500 | &nbsp;&nbsp;01/15/29 | 795186 |
| 800000 | UnitedHealth Group, Inc. |  | 4.8000 | &nbsp;&nbsp;01/15/30 | 808605 |
| 700000 | UnitedHealth Group, Inc. |  | 2.0000 | &nbsp;&nbsp;05/15/30 | 623333 |
| 700000 | UnitedHealth Group, Inc. |  | 4.9500 | &nbsp;&nbsp;01/15/32 | 705542 |
| 600000 | UnitedHealth Group, Inc. |  | 4.2000 | &nbsp;&nbsp;05/15/32 | 578629 |
| 700000 | UnitedHealth Group, Inc. |  | 5.3500 | &nbsp;&nbsp;02/15/33 | 717048 |
| 700000 | UnitedHealth Group, Inc. |  | 4.5000 | &nbsp;&nbsp;04/15/33 | 678347 |
| 600000 | UnitedHealth Group, Inc. |  | 6.8750 | &nbsp;&nbsp;02/15/38 | 672648 |
| 800000 | UnitedHealth Group, Inc. |  | 5.5000 | &nbsp;&nbsp;07/15/44 | 773008 |
| 900000 | UnitedHealth Group, Inc. |  | 4.7500 | &nbsp;&nbsp;07/15/45 | 785993 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **HEALTH CARE FACILITIES & SERVICES — 4.4% (Continued)** |  |  |  |  |
| 900000 | UnitedHealth Group, Inc. |  | 4.2500 | &nbsp;&nbsp;06/15/48 | $714968 |
| 900000 | UnitedHealth Group, Inc. |  | 2.9000 | &nbsp;&nbsp;05/15/50 | 553311 |
| 1000000 | UnitedHealth Group, Inc. |  | 3.2500 | &nbsp;&nbsp;05/15/51 | 654431 |
| 800000 | UnitedHealth Group, Inc. |  | 4.7500 | &nbsp;&nbsp;05/15/52 | 673849 |
| 800000 | UnitedHealth Group, Inc. |  | 5.8750 | &nbsp;&nbsp;02/15/53 | 790993 |
| 800000 | UnitedHealth Group, Inc. |  | 5.0500 | &nbsp;&nbsp;04/15/53 | 705065 |
| 700000 | UnitedHealth Group, Inc. |  | 5.3750 | &nbsp;&nbsp;04/15/54 | 645228 |
| 600000 | UnitedHealth Group, Inc. |  | 5.6250 | &nbsp;&nbsp;07/15/54 | 573943 |
| 700000 | UnitedHealth Group, Inc. |  | 3.8750 | &nbsp;&nbsp;08/15/59 | 487892 |
| 500000 | UnitedHealth Group, Inc. |  | 6.0500 | &nbsp;&nbsp;02/15/63 | 500234 |
| 700000 | UnitedHealth Group, Inc. |  | 5.2000 | &nbsp;&nbsp;04/15/63 | 611370 |
| 600000 | UnitedHealth Group, Inc. |  | 5.7500 | &nbsp;&nbsp;07/15/64 | 573042 |
| 700000 | Universal Health Services, Inc. |  | 2.6500 | &nbsp;&nbsp;10/15/30 | 619249 |
|  |  |  |  |  | 51887743 |
|  | **HOUSEHOLD PRODUCTS — 0.5%** |  |  |  |  |
| 500000 | Kenvue, Inc. |  | 5.0000 | &nbsp;&nbsp;03/22/30 | 512437 |
| 600000 | Kenvue, Inc. |  | 4.9000 | &nbsp;&nbsp;03/22/33 | 607290 |
| 800000 | Kenvue, Inc. |  | 5.0500 | &nbsp;&nbsp;03/22/53 | 734975 |
| 600000 | Kimberly-Clark Corporation B |  | 3.1000 | &nbsp;&nbsp;03/26/30 | 569266 |
| 600000 | Procter & Gamble Company |  | 3.0000 | &nbsp;&nbsp;03/25/30 | 569488 |
| 700000 | Procter & Gamble Company |  | 1.2000 | &nbsp;&nbsp;10/29/30 | 601990 |
| 400000 | Procter & Gamble Company |  | 4.0500 | &nbsp;&nbsp;01/26/33 | 393190 |
| 600000 | Unilever Capital Corporation |  | 5.9000 | &nbsp;&nbsp;11/15/32 | 651226 |
| 700000 | Unilever Capital Corporation |  | 5.0000 | &nbsp;&nbsp;12/08/33 | 716369 |
|  |  |  |  |  | 5356231 |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 5.0%** |  |  |  |  |
| 900000 | Brookfield Finance, Inc. |  | 4.3500 | &nbsp;&nbsp;04/15/30 | 889630 |
| 1700000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | TSFR3M + 1.563% | 4.2230 | &nbsp;&nbsp;05/01/29 | 1687917 |
| 800000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.770% | 6.4840 | &nbsp;&nbsp;10/24/29 | 845778 |
| 1300000 | Goldman Sachs Group, Inc. |  | 3.8000 | &nbsp;&nbsp;03/15/30 | 1265013 |
| 600000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.265% | 5.7270 | &nbsp;&nbsp;04/25/30 | 623012 |
| 700000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.210% | 5.0490 | &nbsp;&nbsp;07/23/30 | 711256 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 5.0% (Continued)** |  |  |  |  |
| 600000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.078% | 5.2070 | &nbsp;&nbsp;01/28/31 | $613041 |
| 1200000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.580% | 5.2180 | &nbsp;&nbsp;04/23/31 | 1227124 |
| 1300000 | Goldman Sachs Group, Inc. <sup>(b)</sup> | SOFRRATE + 1.090% | 1.9920 | &nbsp;&nbsp;01/27/32 | 1127852 |
| 1400000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.281% | 2.6150 | &nbsp;&nbsp;04/22/32 | 1246826 |
| 900000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.264% | 2.6500 | &nbsp;&nbsp;10/21/32 | 793495 |
| 1200000 | Goldman Sachs Group, Inc. <sup>(b)</sup> | SOFRRATE + 1.410% | 3.1020 | &nbsp;&nbsp;02/24/33 | 1079417 |
| 1000000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.552% | 5.8510 | &nbsp;&nbsp;04/25/35 | 1048331 |
| 1100000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.550% | 5.3300 | &nbsp;&nbsp;07/23/35 | 1111439 |
| 1800000 | Goldman Sachs Group, Inc. <sup>(b)</sup> | SOFRRATE + 1.420% | 5.0160 | &nbsp;&nbsp;10/23/35 | 1776401 |
| 1500000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.380% | 5.5360 | &nbsp;&nbsp;01/28/36 | 1534547 |
| 900000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | TSFR3M + 1.635% | 4.0170 | &nbsp;&nbsp;10/31/38 | 787044 |
| 700000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | TSFR3M + 1.692% | 4.4110 | &nbsp;&nbsp;04/23/39 | 631496 |
| 900000 | Goldman Sachs Group, Inc. |  | 6.2500 | &nbsp;&nbsp;02/01/41 | 963059 |
| 900000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.513% | 3.2100 | &nbsp;&nbsp;04/22/42 | 673072 |
| 1000000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.632% | 3.4360 | &nbsp;&nbsp;02/24/43 | 762626 |
| 700000 | Goldman Sachs Group, Inc. |  | 5.1500 | &nbsp;&nbsp;05/22/45 | 632709 |
| 700000 | Goldman Sachs Group, Inc. |  | 4.7500 | &nbsp;&nbsp;10/21/45 | 621327 |
| 1000000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.580% | 5.5610 | &nbsp;&nbsp;11/19/45 | 989410 |
| 1000000 | Goldman Sachs Group, Inc.<sup>(b)</sup> | SOFRRATE + 1.696% | 5.7340 | &nbsp;&nbsp;01/28/56 | 1005390 |
| 400000 | Intercontinental Exchange, Inc. |  | 5.2500 | &nbsp;&nbsp;06/15/31 | 415001 |
| 700000 | Intercontinental Exchange, Inc. |  | 1.8500 | &nbsp;&nbsp;09/15/32 | 580261 |
| 600000 | Intercontinental Exchange, Inc. |  | 4.6000 | &nbsp;&nbsp;03/15/33 | 596659 |
| 700000 | Intercontinental Exchange, Inc. |  | 4.2500 | &nbsp;&nbsp;09/21/48 | 579925 |
| 1200000 | Intercontinental Exchange, Inc. |  | 3.0000 | &nbsp;&nbsp;06/15/50 | 785480 |
| 600000 | Intercontinental Exchange, Inc. |  | 4.9500 | &nbsp;&nbsp;06/15/52 | 538669 |
| 1000000 | Jefferies Financial Group, Inc. |  | 6.2000 | &nbsp;&nbsp;04/14/34 | 1045351 |
| 700000 | LPL Holdings, Inc. |  | 6.7500 | &nbsp;&nbsp;11/17/28 | 743158 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 5.0% (Continued)** |  |  |  |  |
| 700000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.590% | 5.1640 | &nbsp;&nbsp;04/20/29 | $711296 |
| 500000 | Morgan Stanley Series I<sup>(b)</sup> | SOFRRATE + 1.630% | 5.4490 | &nbsp;&nbsp;07/20/29 | 513193 |
| 700000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.830% | 6.4070 | &nbsp;&nbsp;11/01/29 | 738751 |
| 400000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.450% | 5.1730 | &nbsp;&nbsp;01/16/30 | 408145 |
| 700000 | Morgan Stanley<sup>(b)</sup> | TSFR3M + 1.890% | 4.4310 | &nbsp;&nbsp;01/23/30 | 697839 |
| 500000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.260% | 5.6560 | &nbsp;&nbsp;04/18/30 | 518156 |
| 300000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.215% | 5.0420 | &nbsp;&nbsp;07/19/30 | 305241 |
| 400000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.100% | 4.6540 | &nbsp;&nbsp;10/18/30 | 400840 |
| 700000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.108% | 5.2300 | &nbsp;&nbsp;01/15/31 | 716977 |
| 1100000 | Morgan Stanley Series GMTN<sup>(b)</sup> | SOFRRATE + 1.143% | 2.6990 | &nbsp;&nbsp;01/22/31 | 1013811 |
| 1400000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 3.120% | 3.6220 | &nbsp;&nbsp;04/01/31 | 1341213 |
| 1100000 | Morgan Stanley Series I<sup>(b)</sup> | SOFRRATE + 1.510% | 5.1920 | &nbsp;&nbsp;04/17/31 | 1123880 |
| 1000000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.034% | 1.7940 | &nbsp;&nbsp;02/13/32 | 855523 |
| 800000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.020% | 1.9280 | &nbsp;&nbsp;04/28/32 | 685800 |
| 1100000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.178% | 2.2390 | &nbsp;&nbsp;07/21/32 | 953463 |
| 700000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.200% | 2.5110 | &nbsp;&nbsp;10/20/32 | 612852 |
| 800000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.290% | 2.9430 | &nbsp;&nbsp;01/21/33 | 715104 |
| 600000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 2.076% | 4.8890 | &nbsp;&nbsp;07/20/33 | 600783 |
| 1000000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 2.560% | 6.3420 | &nbsp;&nbsp;10/18/33 | 1084180 |
| 1000000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.870% | 5.2500 | &nbsp;&nbsp;04/21/34 | 1016543 |
| 800000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.880% | 5.4240 | &nbsp;&nbsp;07/21/34 | 819892 |
| 900000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 2.050% | 6.6270 | &nbsp;&nbsp;11/01/34 | 993278 |
| 700000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.730% | 5.4660 | &nbsp;&nbsp;01/18/35 | 717331 |
| 1000000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.580% | 5.8310 | &nbsp;&nbsp;04/19/35 | 1049030 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 5.0% (Continued)** |  |  |  |  |
| 1000000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.555% | 5.3200 | &nbsp;&nbsp;07/19/35 | $1012831 |
| 900000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.418% | 5.5870 | &nbsp;&nbsp;01/18/36 | 924058 |
| 600000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.757% | 5.6640 | &nbsp;&nbsp;04/17/36 | 619403 |
| 700000 | Morgan Stanley<sup>(b)</sup> | US0003M + 1.455% | 3.9710 | &nbsp;&nbsp;07/22/38 | 613313 |
| 800000 | Morgan Stanley |  | 6.3750 | &nbsp;&nbsp;07/24/42 | 878695 |
| 800000 | Morgan Stanley |  | 4.3750 | &nbsp;&nbsp;01/22/47 | 683234 |
| 700000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 4.840% | 5.5970 | &nbsp;&nbsp;03/24/51 | 692379 |
| 900000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.430% | 2.8020 | &nbsp;&nbsp;01/25/52 | 558467 |
| 900000 | Morgan Stanley<sup>(b)</sup> | SOFRRATE + 1.710% | 5.5160 | &nbsp;&nbsp;11/19/55 | 883557 |
| 700000 | Nasdaq, Inc. |  | 5.9500 | &nbsp;&nbsp;08/15/53 | 712813 |
| 300000 | Nomura Holdings, Inc. |  | 2.1720 | &nbsp;&nbsp;07/14/28 | 280144 |
| 1100000 | Nomura Holdings, Inc. |  | 2.6790 | &nbsp;&nbsp;07/16/30 | 994505 |
| 1000000 | Nomura Holdings, Inc. |  | 2.9990 | &nbsp;&nbsp;01/22/32 | 889824 |
| 700000 | Northern Trust Corporation |  | 1.9500 | &nbsp;&nbsp;05/01/30 | 628946 |
| 800000 | State Street Corporation |  | 4.8340 | &nbsp;&nbsp;04/24/30 | 812752 |
|  |  |  |  |  | 59709758 |
|  | **INSURANCE — 1.9%** |  |  |  |  |
| 1100000 | American International Group, Inc. |  | 5.1250 | &nbsp;&nbsp;03/27/33 | 1114146 |
| 1000000 | Aon Corporation |  | 3.7500 | &nbsp;&nbsp;05/02/29 | 976443 |
| 700000 | Aon North America, Inc. |  | 5.4500 | &nbsp;&nbsp;03/01/34 | 716592 |
| 800000 | Aon North America, Inc. |  | 5.7500 | &nbsp;&nbsp;03/01/54 | 780487 |
| 700000 | Arthur J Gallagher & Company |  | 5.1500 | &nbsp;&nbsp;02/15/35 | 696419 |
| 700000 | Arthur J Gallagher & Company |  | 5.5500 | &nbsp;&nbsp;02/15/55 | 661973 |
| 900000 | Berkshire Hathaway Finance Corporation |  | 4.2000 | &nbsp;&nbsp;08/15/48 | 747908 |
| 800000 | Berkshire Hathaway Finance Corporation |  | 4.2500 | &nbsp;&nbsp;01/15/49 | 667680 |
| 1000000 | Berkshire Hathaway Finance Corporation |  | 2.8500 | &nbsp;&nbsp;10/15/50 | 636857 |
| 1000000 | Berkshire Hathaway Finance Corporation |  | 3.8500 | &nbsp;&nbsp;03/15/52 | 763986 |
| 600000 | Berkshire Hathaway, Inc. |  | 4.5000 | &nbsp;&nbsp;02/11/43 | 557534 |
| 600000 | Chubb Corporation |  | 6.0000 | &nbsp;&nbsp;05/11/37 | 645661 |
| 900000 | Chubb INA Holdings, Inc. |  | 4.3500 | &nbsp;&nbsp;11/03/45 | 772991 |
| 800000 | Chubb INA Holdings, LLC B |  | 5.0000 | &nbsp;&nbsp;03/15/34 | 809369 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **INSURANCE — 1.9% (Continued)** |  |  |  |  |
| 800000 | Corebridge Financial, Inc. |  | 3.9000 | &nbsp;&nbsp;04/05/32 | $752324 |
| 700000 | Corebridge Financial, Inc. |  | 4.4000 | &nbsp;&nbsp;04/05/52 | 561177 |
| 1400000 | Equitable Holdings, Inc. |  | 4.3500 | &nbsp;&nbsp;04/20/28 | 1394565 |
| 700000 | Marsh & McLennan Companies, Inc. |  | 4.8500 | &nbsp;&nbsp;11/15/31 | 708249 |
| 900000 | Marsh & McLennan Companies, Inc. |  | 5.0000 | &nbsp;&nbsp;03/15/35 | 898787 |
| 800000 | Marsh & McLennan Companies, Inc. |  | 4.9000 | &nbsp;&nbsp;03/15/49 | 717223 |
| 700000 | Marsh & McLennan Companies, Inc. |  | 5.4000 | &nbsp;&nbsp;03/15/55 | 668988 |
| 700000 | MetLife, Inc. |  | 5.7000 | &nbsp;&nbsp;06/15/35 | 736453 |
| 1000000 | MetLife, Inc. |  | 4.8750 | &nbsp;&nbsp;11/13/43 | 913958 |
| 600000 | MetLife, Inc. |  | 5.0000 | &nbsp;&nbsp;07/15/52 | 541092 |
| 500000 | MetLife, Inc. |  | 5.2500 | &nbsp;&nbsp;01/15/54 | 469479 |
| 800000 | Prudential Financial, Inc. |  | 5.2000 | &nbsp;&nbsp;03/14/35 | 806246 |
| 1000000 | Prudential Financial, Inc. |  | 3.9350 | &nbsp;&nbsp;12/07/49 | 762671 |
| 800000 | Prudential Financial, Inc. |  | 3.7000 | &nbsp;&nbsp;03/13/51 | 585329 |
| 600000 | Travelers Companies, Inc. |  | 6.2500 | &nbsp;&nbsp;06/15/37 | 658549 |
| 800000 | Willis North America, Inc. |  | 5.3500 | &nbsp;&nbsp;05/15/33 | 816419 |
|  |  |  |  |  | 22539555 |
|  | **INTERNET MEDIA & SERVICES — 1.0%** |  |  |  |  |
| 1700000 | Alphabet, Inc. |  | 1.1000 | &nbsp;&nbsp;08/15/30 | 1465929 |
| 1400000 | Alphabet, Inc. |  | 1.9000 | &nbsp;&nbsp;08/15/40 | 931636 |
| 700000 | Booking Holdings, Inc. |  | 4.6250 | &nbsp;&nbsp;04/13/30 | 705517 |
| 600000 | Expedia Group, Inc. |  | 5.4000 | &nbsp;&nbsp;02/15/35 | 604619 |
| 500000 | Meta Platforms, Inc. |  | 4.9500 | &nbsp;&nbsp;05/15/33 | 509600 |
| 700000 | Meta Platforms, Inc. |  | 4.7500 | &nbsp;&nbsp;08/15/34 | 698224 |
| 900000 | Meta Platforms, Inc. |  | 4.4500 | &nbsp;&nbsp;08/15/52 | 757776 |
| 800000 | Meta Platforms, Inc. |  | 5.6000 | &nbsp;&nbsp;05/15/53 | 794059 |
| 1000000 | Meta Platforms, Inc. |  | 5.4000 | &nbsp;&nbsp;08/15/54 | 967075 |
| 600000 | Meta Platforms, Inc. |  | 4.6500 | &nbsp;&nbsp;08/15/62 | 504188 |
| 600000 | Meta Platforms, Inc. |  | 5.7500 | &nbsp;&nbsp;05/15/63 | 604054 |
| 1000000 | Meta Platforms, Inc. |  | 5.5500 | &nbsp;&nbsp;08/15/64 | 971564 |
| 800000 | Netflix, Inc. |  | 5.8750 | &nbsp;&nbsp;11/15/28 | 838992 |
| 400000 | Netflix, Inc. |  | 6.3750 | &nbsp;&nbsp;05/15/29 | 428735 |
| 500000 | Netflix, Inc. |  | 5.4000 | &nbsp;&nbsp;08/15/54 | 490304 |
| 600000 | Uber Technologies, Inc. |  | 4.8000 | &nbsp;&nbsp;09/15/34 | 589972 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **INTERNET MEDIA & SERVICES — 1.0% (Continued)** |  |  |  |  |
| 500000 | Uber Technologies, Inc. |  | 5.3500 | &nbsp;&nbsp;09/15/54 | $467903 |
|  |  |  |  |  | 12330147 |
|  | **LEISURE FACILITIES & SERVICES — 0.7%** |  |  |  |  |
| 500000 | Marriott International, Inc. |  | 4.6250 | &nbsp;&nbsp;06/15/30 | 499362 |
| 700000 | Marriott International, Inc. |  | 2.8500 | &nbsp;&nbsp;04/15/31 | 634651 |
| 600000 | Marriott International, Inc. |  | 5.3500 | &nbsp;&nbsp;03/15/35 | 602540 |
| 600000 | Marriott International, Inc. |  | 5.5000 | &nbsp;&nbsp;04/15/37 | 599279 |
| 400000 | McDonald's Corporation |  | 3.6000 | &nbsp;&nbsp;07/01/30 | 385934 |
| 700000 | McDonald's Corporation |  | 4.7000 | &nbsp;&nbsp;12/09/35 | 681000 |
| 700000 | McDonald's Corporation |  | 4.8750 | &nbsp;&nbsp;12/09/45 | 629980 |
| 700000 | McDonald's Corporation |  | 4.4500 | &nbsp;&nbsp;03/01/47 | 587688 |
| 1000000 | McDonald's Corporation |  | 3.6250 | &nbsp;&nbsp;09/01/49 | 726894 |
| 600000 | McDonald's Corporation |  | 5.1500 | &nbsp;&nbsp;09/09/52 | 550390 |
| 600000 | Sands China Ltd. |  | 5.9000 | &nbsp;&nbsp;08/08/28 | 607903 |
| 800000 | Starbucks Corporation |  | 2.2500 | &nbsp;&nbsp;03/12/30 | 724280 |
| 700000 | Starbucks Corporation |  | 2.5500 | &nbsp;&nbsp;11/15/30 | 633043 |
| 1000000 | Starbucks Corporation |  | 3.5000 | &nbsp;&nbsp;11/15/50 | 691165 |
|  |  |  |  |  | 8554109 |
|  | **MACHINERY — 0.7%** |  |  |  |  |
| 800000 | Caterpillar, Inc. |  | 3.8030 | &nbsp;&nbsp;08/15/42 | 655816 |
| 900000 | Caterpillar, Inc. |  | 3.2500 | &nbsp;&nbsp;09/19/49 | 628805 |
| 500000 | Deere & Company |  | 5.7000 | &nbsp;&nbsp;01/19/55 | 513806 |
| 1100000 | Eaton Corporation |  | 4.1500 | &nbsp;&nbsp;03/15/33 | 1067537 |
| 1100000 | Ingersoll Rand, Inc. |  | 5.1760 | &nbsp;&nbsp;06/15/29 | 1125961 |
| 600000 | John Deere Capital Corporation |  | 4.8500 | &nbsp;&nbsp;06/11/29 | 611992 |
| 700000 | John Deere Capital Corporation |  | 4.4000 | &nbsp;&nbsp;09/08/31 | 696824 |
| 900000 | John Deere Capital Corporation |  | 5.0500 | &nbsp;&nbsp;06/12/34 | 915233 |
| 500000 | Regal Rexnord Corporation |  | 6.4000 | &nbsp;&nbsp;04/15/33 | 528850 |
| 800000 | Stanley Black & Decker, Inc. |  | 2.3000 | &nbsp;&nbsp;03/15/30 | 714785 |
| 600000 | Trane Technologies Luxembourg Finance S.A. |  | 3.8000 | &nbsp;&nbsp;03/21/29 | 588866 |
|  |  |  |  |  | 8048475 |
|  | **MEDICAL EQUIPMENT & DEVICES — 1.3%** |  |  |  |  |
| 600000 | Abbott Laboratories |  | 4.7500 | &nbsp;&nbsp;11/30/36 | 591147 |
| 1100000 | Abbott Laboratories |  | 4.9000 | &nbsp;&nbsp;11/30/46 | 1028321 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **MEDICAL EQUIPMENT & DEVICES — 1.3% (Continued)** |  |  |  |  |
| 700000 | Agilent Technologies, Inc. |  | 2.3000 | &nbsp;&nbsp;03/12/31 | $618629 |
| 900000 | Baxter International, Inc. |  | 2.2720 | &nbsp;&nbsp;12/01/28 | 837080 |
| 1000000 | Becton Dickinson & Company |  | 2.8230 | &nbsp;&nbsp;05/20/30 | 924217 |
| 1100000 | Becton Dickinson & Company |  | 1.9570 | &nbsp;&nbsp;02/11/31 | 954093 |
| 800000 | Danaher Corporation |  | 2.8000 | &nbsp;&nbsp;12/10/51 | 498058 |
| 1200000 | DH Europe Finance II Sarl |  | 2.6000 | &nbsp;&nbsp;11/15/29 | 1117681 |
| 500000 | GE HealthCare Technologies, Inc. |  | 5.8570 | &nbsp;&nbsp;03/15/30 | 526016 |
| 600000 | GE HealthCare Technologies, Inc. |  | 5.9050 | &nbsp;&nbsp;11/22/32 | 637694 |
| 500000 | GE HealthCare Technologies, Inc. |  | 6.3770 | &nbsp;&nbsp;11/22/52 | 538338 |
| 500000 | Medtronic Global Holdings SCA |  | 4.5000 | &nbsp;&nbsp;03/30/33 | 493509 |
| 600000 | Solventum Corporation |  | 5.4000 | &nbsp;&nbsp;03/01/29 | 617386 |
| 500000 | Solventum Corporation |  | 5.4500 | &nbsp;&nbsp;03/13/31 | 517878 |
| 700000 | Solventum Corporation |  | 5.6000 | &nbsp;&nbsp;03/23/34 | 718243 |
| 500000 | Solventum Corporation |  | 5.9000 | &nbsp;&nbsp;04/30/54 | 496686 |
| 700000 | Stryker Corporation B |  | 1.9500 | &nbsp;&nbsp;06/15/30 | 622988 |
| 500000 | Stryker Corporation |  | 5.2000 | &nbsp;&nbsp;02/10/35 | 508330 |
| 700000 | Stryker Corporation |  | 4.6250 | &nbsp;&nbsp;03/15/46 | 618361 |
| 800000 | Thermo Fisher Scientific, Inc. |  | 2.6000 | &nbsp;&nbsp;10/01/29 | 749470 |
| 800000 | Thermo Fisher Scientific, Inc. |  | 4.9770 | &nbsp;&nbsp;08/10/30 | 821063 |
| 900000 | Thermo Fisher Scientific, Inc. |  | 5.0860 | &nbsp;&nbsp;08/10/33 | 920225 |
| 600000 | Zimmer Biomet Holdings, Inc. |  | 2.6000 | &nbsp;&nbsp;11/24/31 | 530256 |
|  |  |  |  |  | 15885669 |
|  | **METALS & MINING — 0.8%** |  |  |  |  |
| 700000 | Barrick North America Finance, LLC |  | 5.7500 | &nbsp;&nbsp;05/01/43 | 704679 |
| 700000 | BHP Billiton Finance USA Ltd. |  | 5.0000 | &nbsp;&nbsp;02/21/30 | 716951 |
| 800000 | BHP Billiton Finance USA Ltd. |  | 5.2500 | &nbsp;&nbsp;09/08/33 | 820011 |
| 800000 | BHP Billiton Finance USA Ltd. |  | 5.3000 | &nbsp;&nbsp;02/21/35 | 817432 |
| 1300000 | BHP Billiton Finance USA Ltd. |  | 5.0000 | &nbsp;&nbsp;09/30/43 | 1230167 |
| 600000 | Freeport-McMoRan, Inc. |  | 5.4500 | &nbsp;&nbsp;03/15/43 | 567076 |
| 1500000 | Newmont Corporation |  | 2.2500 | &nbsp;&nbsp;10/01/30 | 1360036 |
| 700000 | Rio Tinto Finance USA Ltd. |  | 7.1250 | &nbsp;&nbsp;07/15/28 | 754295 |
| 800000 | Rio Tinto Finance USA plc |  | 4.8750 | &nbsp;&nbsp;03/14/30 | 812262 |
| 900000 | Rio Tinto Finance USA plc |  | 5.2500 | &nbsp;&nbsp;03/14/35 | 914030 |
| 1000000 | Rio Tinto Finance USA plc |  | 5.7500 | &nbsp;&nbsp;03/14/55 | 1002537 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **METALS & MINING — 0.8% (Continued)** |  |  |  |  |
|  |  |  |  |  | $9699476 |
|  | **OIL & GAS PRODUCERS — 6.8%** |  |  |  |  |
| 1000000 | BP Capital Markets America, Inc. |  | 3.6330 | &nbsp;&nbsp;04/06/30 | 968149 |
| 600000 | BP Capital Markets America, Inc. |  | 2.7210 | &nbsp;&nbsp;01/12/32 | 534529 |
| 800000 | BP Capital Markets America, Inc. |  | 4.8120 | &nbsp;&nbsp;02/13/33 | 797804 |
| 800000 | BP Capital Markets America, Inc. |  | 5.2270 | &nbsp;&nbsp;11/17/34 | 810097 |
| 800000 | BP Capital Markets America, Inc. |  | 3.0600 | &nbsp;&nbsp;06/17/41 | 590736 |
| 700000 | BP Capital Markets America, Inc. |  | 3.0000 | &nbsp;&nbsp;02/24/50 | 447251 |
| 900000 | BP Capital Markets America, Inc. |  | 2.7720 | &nbsp;&nbsp;11/10/50 | 545373 |
| 900000 | BP Capital Markets America, Inc. |  | 2.9390 | &nbsp;&nbsp;06/04/51 | 559414 |
| 800000 | BP Capital Markets America, Inc. |  | 3.3790 | &nbsp;&nbsp;02/08/61 | 515304 |
| 600000 | Canadian Natural Resources Ltd.<sup>(a)</sup> |  | 5.0000 | &nbsp;&nbsp;12/15/29 | 604069 |
| 600000 | Canadian Natural Resources Ltd. |  | 6.2500 | &nbsp;&nbsp;03/15/38 | 619754 |
| 600000 | Cheniere Corpus Christi Holdings, LLC |  | 3.7000 | &nbsp;&nbsp;11/15/29 | 576945 |
| 500000 | Cheniere Energy Partners, L.P. |  | 4.5000 | &nbsp;&nbsp;10/01/29 | 494740 |
| 700000 | Cheniere Energy Partners, L.P. |  | 5.9500 | &nbsp;&nbsp;06/30/33 | 731127 |
| 500000 | Cheniere Energy Partners, L.P. |  | 5.7500 | &nbsp;&nbsp;08/15/34 | 512764 |
| 900000 | Cheniere Energy, Inc. |  | 4.6250 | &nbsp;&nbsp;10/15/28 | 895555 |
| 500000 | Cheniere Energy, Inc. |  | 5.6500 | &nbsp;&nbsp;04/15/34 | 508828 |
| 700000 | Chevron USA, Inc. |  | 4.9800 | &nbsp;&nbsp;04/15/35 | 705495 |
| 700000 | ConocoPhillips Company |  | 5.0500 | &nbsp;&nbsp;09/15/33 | 711923 |
| 700000 | ConocoPhillips Company |  | 3.8000 | &nbsp;&nbsp;03/15/52 | 507414 |
| 600000 | ConocoPhillips Company |  | 5.5000 | &nbsp;&nbsp;01/15/55 | 567915 |
| 700000 | Devon Energy Corporation |  | 5.2000 | &nbsp;&nbsp;09/15/34 | 680253 |
| 800000 | Devon Energy Corporation |  | 4.7500 | &nbsp;&nbsp;05/15/42 | 671733 |
| 800000 | Diamondback Energy, Inc. |  | 3.1250 | &nbsp;&nbsp;03/24/31 | 732093 |
| 900000 | Diamondback Energy, Inc. |  | 5.5500 | &nbsp;&nbsp;04/01/35 | 906748 |
| 700000 | Diamondback Energy, Inc. |  | 5.7500 | &nbsp;&nbsp;04/18/54 | 651164 |
| 600000 | Enbridge, Inc. |  | 6.0000 | &nbsp;&nbsp;11/15/28 | 628115 |
| 500000 | Enbridge, Inc. |  | 3.1250 | &nbsp;&nbsp;11/15/29 | 471701 |
| 400000 | Enbridge, Inc. |  | 6.2000 | &nbsp;&nbsp;11/15/30 | 426242 |
| 800000 | Enbridge, Inc. |  | 5.7000 | &nbsp;&nbsp;03/08/33 | 829243 |
| 500000 | Enbridge, Inc. |  | 5.6250 | &nbsp;&nbsp;04/05/34 | 512016 |
| 800000 | Enbridge, Inc. |  | 3.4000 | &nbsp;&nbsp;08/01/51 | 529468 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **OIL & GAS PRODUCERS — 6.8% (Continued)** |  |  |  |  |
| 600000 | Enbridge, Inc. |  | 6.7000 | &nbsp;&nbsp;11/15/53 | $648916 |
| 800000 | Energy Transfer Operating, L.P. |  | 4.9500 | &nbsp;&nbsp;06/15/28 | 808419 |
| 500000 | Energy Transfer, L.P. |  | 5.2500 | &nbsp;&nbsp;04/15/29 | 510193 |
| 500000 | Energy Transfer, L.P. |  | 6.4000 | &nbsp;&nbsp;12/01/30 | 536675 |
| 600000 | Energy Transfer, L.P. |  | 6.5500 | &nbsp;&nbsp;12/01/33 | 648403 |
| 600000 | Energy Transfer, L.P. |  | 5.6000 | &nbsp;&nbsp;09/01/34 | 607070 |
| 700000 | Energy Transfer, L.P. |  | 6.1250 | &nbsp;&nbsp;12/15/45 | 691491 |
| 600000 | Energy Transfer, L.P. |  | 6.0000 | &nbsp;&nbsp;06/15/48 | 575109 |
| 700000 | Energy Transfer, L.P. |  | 6.2500 | &nbsp;&nbsp;04/15/49 | 691509 |
| 800000 | Energy Transfer, L.P. |  | 5.0000 | &nbsp;&nbsp;05/15/50 | 669952 |
| 600000 | Energy Transfer, L.P. |  | 5.9500 | &nbsp;&nbsp;05/15/54 | 567988 |
| 500000 | Energy Transfer, L.P. |  | 6.0500 | &nbsp;&nbsp;09/01/54 | 480602 |
| 700000 | Enterprise Products Operating, LLC |  | 2.8000 | &nbsp;&nbsp;01/31/30 | 653789 |
| 600000 | Enterprise Products Operating, LLC |  | 5.3500 | &nbsp;&nbsp;01/31/33 | 619840 |
| 700000 | Enterprise Products Operating, LLC |  | 4.9500 | &nbsp;&nbsp;02/15/35 | 694298 |
| 900000 | Enterprise Products Operating, LLC |  | 4.8500 | &nbsp;&nbsp;03/15/44 | 808077 |
| 900000 | Enterprise Products Operating, LLC |  | 5.1000 | &nbsp;&nbsp;02/15/45 | 833932 |
| 1100000 | Enterprise Products Operating, LLC |  | 4.2500 | &nbsp;&nbsp;02/15/48 | 887488 |
| 800000 | Enterprise Products Operating, LLC |  | 3.2000 | &nbsp;&nbsp;02/15/52 | 523994 |
| 700000 | Enterprise Products Operating, LLC |  | 3.3000 | &nbsp;&nbsp;02/15/53 | 461664 |
| 700000 | Enterprise Products Operating, LLC |  | 5.5500 | &nbsp;&nbsp;02/16/55 | 671861 |
| 600000 | EOG Resources, Inc. |  | 5.6500 | &nbsp;&nbsp;12/01/54 | 585554 |
| 500000 | Expand Energy Corporation |  | 5.7000 | &nbsp;&nbsp;01/15/35 | 506801 |
| 800000 | Exxon Mobil Corporation |  | 4.2270 | &nbsp;&nbsp;03/19/40 | 710621 |
| 1200000 | Exxon Mobil Corporation |  | 4.1140 | &nbsp;&nbsp;03/01/46 | 980137 |
| 700000 | Exxon Mobil Corporation |  | 3.0950 | &nbsp;&nbsp;08/16/49 | 467151 |
| 900000 | Exxon Mobil Corporation |  | 4.3270 | &nbsp;&nbsp;03/19/50 | 743818 |
| 1000000 | Exxon Mobil Corporation |  | 3.4520 | &nbsp;&nbsp;04/15/51 | 707524 |
| 700000 | Hess Corporation |  | 5.6000 | &nbsp;&nbsp;02/15/41 | 709690 |
| 500000 | Kinder Morgan Energy Partners, L.P. |  | 6.9500 | &nbsp;&nbsp;01/15/38 | 550611 |
| 700000 | Kinder Morgan, Inc. |  | 5.0000 | &nbsp;&nbsp;02/01/29 | 709391 |
| 800000 | Kinder Morgan, Inc. |  | 5.2000 | &nbsp;&nbsp;06/01/33 | 803799 |
| 600000 | Kinder Morgan, Inc. |  | 5.4000 | &nbsp;&nbsp;02/01/34 | 606406 |
| 800000 | Kinder Morgan, Inc. |  | 5.5500 | &nbsp;&nbsp;06/01/45 | 752069 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **OIL & GAS PRODUCERS — 6.8% (Continued)** |  |  |  |  |
| 800000 | Kinder Morgan, Inc. |  | 5.2000 | &nbsp;&nbsp;03/01/48 | $716316 |
| 800000 | Marathon Petroleum Corporation |  | 5.1500 | &nbsp;&nbsp;03/01/30 | 815019 |
| 700000 | Marathon Petroleum Corporation |  | 6.5000 | &nbsp;&nbsp;03/01/41 | 731005 |
| 600000 | MPLX, L.P. |  | 5.5000 | &nbsp;&nbsp;06/01/34 | 601174 |
| 500000 | MPLX, L.P. |  | 5.4000 | &nbsp;&nbsp;04/01/35 | 494765 |
| 700000 | MPLX, L.P. |  | 4.7000 | &nbsp;&nbsp;04/15/48 | 566284 |
| 700000 | MPLX, L.P. |  | 5.5000 | &nbsp;&nbsp;02/15/49 | 633860 |
| 800000 | MPLX, L.P. |  | 4.9500 | &nbsp;&nbsp;03/14/52 | 661590 |
| 800000 | Occidental Petroleum Corporation |  | 5.2000 | &nbsp;&nbsp;08/01/29 | 803092 |
| 800000 | Occidental Petroleum Corporation |  | 8.8750 | &nbsp;&nbsp;07/15/30 | 912494 |
| 400000 | Occidental Petroleum Corporation |  | 7.5000 | &nbsp;&nbsp;05/01/31 | 440149 |
| 500000 | Occidental Petroleum Corporation |  | 5.3750 | &nbsp;&nbsp;01/01/32 | 496169 |
| 500000 | Occidental Petroleum Corporation |  | 6.4500 | &nbsp;&nbsp;09/15/36 | 509574 |
| 500000 | Occidental Petroleum Corporation |  | 6.6000 | &nbsp;&nbsp;03/15/46 | 494428 |
| 700000 | ONEOK, Inc. |  | 5.6500 | &nbsp;&nbsp;11/01/28 | 722191 |
| 600000 | ONEOK, Inc. |  | 4.7500 | &nbsp;&nbsp;10/15/31 | 594454 |
| 700000 | ONEOK, Inc. |  | 6.0500 | &nbsp;&nbsp;09/01/33 | 734978 |
| 700000 | ONEOK, Inc. |  | 5.0500 | &nbsp;&nbsp;11/01/34 | 680866 |
| 700000 | ONEOK, Inc. |  | 5.7000 | &nbsp;&nbsp;11/01/54 | 644410 |
| 700000 | Phillips 66 |  | 5.8750 | &nbsp;&nbsp;05/01/42 | 696480 |
| 900000 | Phillips 66 |  | 4.8750 | &nbsp;&nbsp;11/15/44 | 780856 |
| 600000 | Phillips 66 Company |  | 5.2500 | &nbsp;&nbsp;06/15/31 | 615810 |
| 500000 | Plains All American Pipeline, L.P. / PAA Finance |  | 3.8000 | &nbsp;&nbsp;09/15/30 | 476738 |
| 900000 | Sabine Pass Liquefaction, LLC |  | 4.5000 | &nbsp;&nbsp;05/15/30 | 895973 |
| 1000000 | Shell Finance US, Inc. |  | 4.3750 | &nbsp;&nbsp;05/11/45 | 843363 |
| 800000 | Shell Finance US, Inc. |  | 4.0000 | &nbsp;&nbsp;05/10/46 | 635772 |
| 900000 | Shell Finance US, Inc. |  | 3.2500 | &nbsp;&nbsp;04/06/50 | 614497 |
| 1000000 | Shell International Finance BV |  | 3.8750 | &nbsp;&nbsp;11/13/28 | 990868 |
| 1000000 | Shell International Finance BV |  | 6.3750 | &nbsp;&nbsp;12/15/38 | 1104794 |
| 700000 | Shell International Finance BV |  | 5.5000 | &nbsp;&nbsp;03/25/40 | 706449 |
| 600000 | Southwestern Energy Company |  | 5.3750 | &nbsp;&nbsp;03/15/30 | 601364 |
| 500000 | Suncor Energy, Inc. |  | 6.8500 | &nbsp;&nbsp;06/01/39 | 540474 |
| 700000 | Sunoco Logistics Partners Operations, L.P. |  | 5.4000 | &nbsp;&nbsp;10/01/47 | 624691 |
| 600000 | Targa Resources Corporation |  | 5.5500 | &nbsp;&nbsp;08/15/35 | 601810 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **OIL & GAS PRODUCERS — 6.8% (Continued)** |  |  |  |  |
| 400000 | Targa Resources Corporation |  | 6.5000 | &nbsp;&nbsp;02/15/53 | $409378 |
| 500000 | Targa Resources Corporation |  | 6.1250 | &nbsp;&nbsp;05/15/55 | 489062 |
| 800000 | Targa Resources Partners, L.P. / Targa Resources |  | 5.5000 | &nbsp;&nbsp;03/01/30 | 812331 |
| 900000 | TotalEnergies Capital International S.A. |  | 2.8290 | &nbsp;&nbsp;01/10/30 | 850429 |
| 1600000 | TotalEnergies Capital International S.A. |  | 3.1270 | &nbsp;&nbsp;05/29/50 | 1058250 |
| 600000 | TotalEnergies Capital S.A. |  | 5.1500 | &nbsp;&nbsp;04/05/34 | 614274 |
| 900000 | TotalEnergies Capital S.A. |  | 5.4880 | &nbsp;&nbsp;04/05/54 | 863521 |
| 800000 | TotalEnergies Capital S.A. |  | 5.6380 | &nbsp;&nbsp;04/05/64 | 769180 |
| 1100000 | TransCanada PipeLines Ltd. |  | 4.1000 | &nbsp;&nbsp;04/15/30 | 1072008 |
| 600000 | TransCanada PipeLines Ltd. |  | 4.6250 | &nbsp;&nbsp;03/01/34 | 573600 |
| 900000 | TransCanada PipeLines Ltd. |  | 6.2000 | &nbsp;&nbsp;10/15/37 | 940928 |
| 800000 | Valero Energy Corporation |  | 3.6500 | &nbsp;&nbsp;12/01/51 | 536934 |
| 700000 | Western Midstream Operating, L.P. |  | 4.0500 | &nbsp;&nbsp;02/01/30 | 672513 |
| 800000 | Western Midstream Operating, L.P. |  | 5.4500 | &nbsp;&nbsp;11/15/34 | 784755 |
| 700000 | Williams Companies, Inc. |  | 5.3000 | &nbsp;&nbsp;08/15/28 | 716672 |
| 900000 | Williams Companies, Inc. |  | 2.6000 | &nbsp;&nbsp;03/15/31 | 804873 |
| 800000 | Williams Companies, Inc. |  | 5.6000 | &nbsp;&nbsp;03/15/35 | 818157 |
| 700000 | Williams Companies, Inc. |  | 5.1000 | &nbsp;&nbsp;09/15/45 | 632562 |
| 700000 | Williams Companies, Inc. |  | 5.3000 | &nbsp;&nbsp;08/15/52 | 637180 |
| 700000 | Woodside Finance Ltd. |  | 5.1000 | &nbsp;&nbsp;09/12/34 | 679560 |
|  |  |  |  |  | 80387728 |
|  | **OIL & GAS SERVICES & EQUIPMENT — 0.2%** |  |  |  |  |
| 500000 | Halliburton Company |  | 4.8500 | &nbsp;&nbsp;11/15/35 | 480899 |
| 600000 | Halliburton Company |  | 7.4500 | &nbsp;&nbsp;09/15/39 | 695187 |
| 900000 | Halliburton Company |  | 5.0000 | &nbsp;&nbsp;11/15/45 | 790677 |
|  |  |  |  |  | 1966763 |
|  | **REAL ESTATE INVESTMENT TRUSTS — 1.6%** |  |  |  |  |
| 1000000 | Alexandria Real Estate Equities, Inc. |  | 1.8750 | &nbsp;&nbsp;02/01/33 | 804489 |
| 800000 | Alexandria Real Estate Equities, Inc. |  | 3.5500 | &nbsp;&nbsp;03/15/52 | 541987 |
| 700000 | American Tower Corporation |  | 5.8000 | &nbsp;&nbsp;11/15/28 | 726817 |
| 600000 | American Tower Corporation |  | 2.1000 | &nbsp;&nbsp;06/15/30 | 532914 |
| 600000 | American Tower Corporation |  | 1.8750 | &nbsp;&nbsp;10/15/30 | 520984 |
| 500000 | American Tower Corporation |  | 5.5500 | &nbsp;&nbsp;07/15/33 | 515692 |
| 500000 | American Tower Corporation |  | 5.9000 | &nbsp;&nbsp;11/15/33 | 527411 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **REAL ESTATE INVESTMENT TRUSTS — 1.6% (Continued)** |  |  |  |  |
| 800000 | Boston Properties, L.P. |  | 3.2500 | &nbsp;&nbsp;01/30/31 | $734135 |
| 500000 | Boston Properties, L.P. |  | 6.5000 | &nbsp;&nbsp;01/15/34 | 535465 |
| 700000 | Boston Properties, L.P. |  | 5.7500 | &nbsp;&nbsp;01/15/35 | 704478 |
| 700000 | Brixmor Operating Partnership, L.P. |  | 4.0500 | &nbsp;&nbsp;07/01/30 | 678360 |
| 700000 | Crown Castle, Inc. |  | 2.2500 | &nbsp;&nbsp;01/15/31 | 611808 |
| 800000 | Crown Castle, Inc. |  | 2.1000 | &nbsp;&nbsp;04/01/31 | 688504 |
| 700000 | Crown Castle, Inc. |  | 5.8000 | &nbsp;&nbsp;03/01/34 | 727064 |
| 800000 | Equinix, Inc. |  | 2.1500 | &nbsp;&nbsp;07/15/30 | 711838 |
| 800000 | Equinix, Inc. |  | 2.5000 | &nbsp;&nbsp;05/15/31 | 709323 |
| 500000 | GLP Capital, L.P. / GLP Financing II, Inc. |  | 5.6250 | &nbsp;&nbsp;09/15/34 | 499854 |
| 600000 | Healthcare Realty Holdings, L.P. |  | 2.0000 | &nbsp;&nbsp;03/15/31 | 512493 |
| 600000 | Healthpeak OP, LLC |  | 5.2500 | &nbsp;&nbsp;12/15/32 | 609892 |
| 500000 | Host Hotels & Resorts, L.P. |  | 3.5000 | &nbsp;&nbsp;09/15/30 | 463672 |
| 600000 | Prologis, L.P. |  | 5.1250 | &nbsp;&nbsp;01/15/34 | 606808 |
| 600000 | Prologis, L.P. |  | 5.0000 | &nbsp;&nbsp;03/15/34 | 600213 |
| 700000 | Prologis, L.P. |  | 5.2500 | &nbsp;&nbsp;03/15/54 | 655284 |
| 800000 | Realty Income Corporation |  | 5.1250 | &nbsp;&nbsp;02/15/34 | 809729 |
| 700000 | Simon Property Group, L.P. |  | 2.4500 | &nbsp;&nbsp;09/13/29 | 649772 |
| 900000 | Simon Property Group, L.P. |  | 3.2500 | &nbsp;&nbsp;09/13/49 | 607636 |
| 500000 | Ventas Realty, L.P. |  | 4.4000 | &nbsp;&nbsp;01/15/29 | 497327 |
| 500000 | VICI Properties, L.P. |  | 4.9500 | &nbsp;&nbsp;02/15/30 | 502502 |
| 500000 | VICI Properties, L.P. |  | 5.1250 | &nbsp;&nbsp;11/15/31 | 499650 |
| 500000 | VICI Properties, L.P. |  | 5.1250 | &nbsp;&nbsp;05/15/32 | 499070 |
| 800000 | Welltower, Inc. |  | 3.1000 | &nbsp;&nbsp;01/15/30 | 756061 |
|  |  |  |  |  | 19041232 |
|  | **RETAIL - CONSUMER STAPLES — 0.9%** |  |  |  |  |
| 900000 | Costco Wholesale Corporation |  | 1.6000 | &nbsp;&nbsp;04/20/30 | 800345 |
| 900000 | Kroger Company |  | 5.0000 | &nbsp;&nbsp;09/15/34 | 891268 |
| 1000000 | Kroger Company |  | 5.5000 | &nbsp;&nbsp;09/15/54 | 944564 |
| 600000 | Kroger Company |  | 5.6500 | &nbsp;&nbsp;09/15/64 | 566945 |
| 800000 | Target Corporation |  | 2.3500 | &nbsp;&nbsp;02/15/30 | 736080 |
| 800000 | Target Corporation |  | 5.0000 | &nbsp;&nbsp;04/15/35 | 799097 |
| 800000 | Target Corporation |  | 4.8000 | &nbsp;&nbsp;01/15/53 | 709334 |
| 900000 | Walmart, Inc. |  | 1.5000 | &nbsp;&nbsp;09/22/28 | 831815 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **RETAIL - CONSUMER STAPLES — 0.9% (Continued)** |  |  |  |  |
| 700000 | Walmart, Inc. |  | 1.8000 | &nbsp;&nbsp;09/22/31 | $606639 |
| 500000 | Walmart, Inc. |  | 4.1500 | &nbsp;&nbsp;09/09/32 | 491377 |
| 500000 | Walmart, Inc. |  | 4.1000 | &nbsp;&nbsp;04/15/33 | 486169 |
| 900000 | Walmart, Inc. |  | 4.9000 | &nbsp;&nbsp;04/28/35 | 907644 |
| 1000000 | Walmart, Inc. |  | 2.5000 | &nbsp;&nbsp;09/22/41 | 703052 |
| 1000000 | Walmart, Inc. |  | 2.6500 | &nbsp;&nbsp;09/22/51 | 619367 |
| 900000 | Walmart, Inc. |  | 4.5000 | &nbsp;&nbsp;09/09/52 | 783505 |
|  |  |  |  |  | 10877201 |
|  | **RETAIL - DISCRETIONARY — 1.1%** |  |  |  |  |
| 700000 | AutoZone, Inc. |  | 4.0000 | &nbsp;&nbsp;04/15/30 | 682820 |
| 800000 | Home Depot, Inc. |  | 3.9000 | &nbsp;&nbsp;12/06/28 | 795139 |
| 900000 | Home Depot, Inc. |  | 2.9500 | &nbsp;&nbsp;06/15/29 | 858843 |
| 700000 | Home Depot, Inc. |  | 2.7000 | &nbsp;&nbsp;04/15/30 | 651679 |
| 700000 | Home Depot, Inc. |  | 1.3750 | &nbsp;&nbsp;03/15/31 | 592581 |
| 700000 | Home Depot, Inc. |  | 1.8750 | &nbsp;&nbsp;09/15/31 | 601393 |
| 500000 | Home Depot, Inc. |  | 4.9500 | &nbsp;&nbsp;06/25/34 | 504400 |
| 900000 | Home Depot, Inc. |  | 5.8750 | &nbsp;&nbsp;12/16/36 | 961747 |
| 600000 | Home Depot, Inc. |  | 5.9500 | &nbsp;&nbsp;04/01/41 | 632560 |
| 900000 | Home Depot, Inc. |  | 4.2500 | &nbsp;&nbsp;04/01/46 | 753076 |
| 900000 | Home Depot, Inc. |  | 3.9000 | &nbsp;&nbsp;06/15/47 | 703942 |
| 900000 | Home Depot, Inc. |  | 3.1250 | &nbsp;&nbsp;12/15/49 | 604064 |
| 1000000 | Home Depot, Inc. |  | 2.7500 | &nbsp;&nbsp;09/15/51 | 611043 |
| 600000 | Home Depot, Inc. |  | 5.3000 | &nbsp;&nbsp;06/25/54 | 572544 |
| 600000 | Lowe's Companies, Inc. |  | 3.6500 | &nbsp;&nbsp;04/05/29 | 584447 |
| 700000 | Lowe's Companies, Inc. |  | 1.7000 | &nbsp;&nbsp;10/15/30 | 606829 |
| 700000 | Lowe's Companies, Inc. |  | 2.8000 | &nbsp;&nbsp;09/15/41 | 486307 |
| 1200000 | Lowe's Companies, Inc. |  | 3.0000 | &nbsp;&nbsp;10/15/50 | 745570 |
| 700000 | Lowe's Companies, Inc. |  | 4.2500 | &nbsp;&nbsp;04/01/52 | 543641 |
| 500000 | Lowe's Companies, Inc. |  | 5.6250 | &nbsp;&nbsp;04/15/53 | 478491 |
|  |  |  |  |  | 12971116 |
|  | **SEMICONDUCTORS — 2.6%** |  |  |  |  |
| 1200000 | Analog Devices, Inc. |  | 2.1000 | &nbsp;&nbsp;10/01/31 | 1046380 |
| 800000 | Applied Materials, Inc. |  | 2.7500 | &nbsp;&nbsp;06/01/50 | 502672 |
| 500000 | Broadcom, Inc. |  | 5.0500 | &nbsp;&nbsp;07/12/29 | 510412 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **SEMICONDUCTORS — 2.6% (Continued)** |  |  |  |  |
| 500000 | Broadcom, Inc. |  | 4.3500 | &nbsp;&nbsp;02/15/30 | $496668 |
| 600000 | Broadcom, Inc. |  | 5.0500 | &nbsp;&nbsp;04/15/30 | 613577 |
| 1400000 | Broadcom, Inc.<sup>(a)</sup> |  | 2.4500 | &nbsp;&nbsp;02/15/31 | 1249318 |
| 700000 | Broadcom, Inc.<sup>(a)</sup> |  | 4.1500 | &nbsp;&nbsp;04/15/32 | 673002 |
| 700000 | Broadcom, Inc. |  | 5.2000 | &nbsp;&nbsp;04/15/32 | 717410 |
| 700000 | Broadcom, Inc.<sup>(a)</sup> |  | 3.4190 | &nbsp;&nbsp;04/15/33 | 633477 |
| 1000000 | Broadcom, Inc.<sup>(a)</sup> |  | 3.4690 | &nbsp;&nbsp;04/15/34 | 889522 |
| 600000 | Broadcom, Inc. |  | 4.8000 | &nbsp;&nbsp;10/15/34 | 589351 |
| 1100000 | Broadcom, Inc.<sup>(a)</sup> |  | 3.1370 | &nbsp;&nbsp;11/15/35 | 924000 |
| 1000000 | Broadcom, Inc.<sup>(a)</sup> |  | 3.1870 | &nbsp;&nbsp;11/15/36 | 825758 |
| 800000 | Broadcom, Inc.<sup>(a)</sup> |  | 4.9260 | &nbsp;&nbsp;05/15/37 | 773298 |
| 800000 | Broadcom, Inc.<sup>(a)</sup> |  | 3.7500 | &nbsp;&nbsp;02/15/51 | 599841 |
| 600000 | Intel Corporation |  | 1.6000 | &nbsp;&nbsp;08/12/28 | 550189 |
| 500000 | Intel Corporation |  | 5.1250 | &nbsp;&nbsp;02/10/30 | 507384 |
| 600000 | Intel Corporation |  | 3.9000 | &nbsp;&nbsp;03/25/30 | 577491 |
| 700000 | Intel Corporation |  | 2.0000 | &nbsp;&nbsp;08/12/31 | 595414 |
| 1100000 | Intel Corporation |  | 5.2000 | &nbsp;&nbsp;02/10/33 | 1100323 |
| 900000 | Intel Corporation |  | 4.1000 | &nbsp;&nbsp;05/19/46 | 658533 |
| 1100000 | Intel Corporation |  | 3.7340 | &nbsp;&nbsp;12/08/47 | 753601 |
| 1100000 | Intel Corporation |  | 3.2500 | &nbsp;&nbsp;11/15/49 | 674009 |
| 900000 | Intel Corporation |  | 4.7500 | &nbsp;&nbsp;03/25/50 | 714108 |
| 800000 | Intel Corporation |  | 5.7000 | &nbsp;&nbsp;02/10/53 | 721302 |
| 600000 | Intel Corporation |  | 5.9000 | &nbsp;&nbsp;02/10/63 | 545818 |
| 700000 | KLA Corporation |  | 4.9500 | &nbsp;&nbsp;07/15/52 | 636415 |
| 500000 | KLA Corporation |  | 5.2500 | &nbsp;&nbsp;07/15/62 | 467921 |
| 1300000 | Lam Research Corporation |  | 1.9000 | &nbsp;&nbsp;06/15/30 | 1158517 |
| 800000 | Microchip Technology, Inc. |  | 5.0500 | &nbsp;&nbsp;03/15/29 | 809093 |
| 1500000 | Micron Technology, Inc. |  | 5.8750 | &nbsp;&nbsp;09/15/33 | 1564888 |
| 1000000 | NVIDIA Corporation |  | 2.8500 | &nbsp;&nbsp;04/01/30 | 944905 |
| 1000000 | NVIDIA Corporation |  | 3.5000 | &nbsp;&nbsp;04/01/50 | 750029 |
| 800000 | NXP BV / NXP Funding, LLC / NXP USA, Inc. |  | 3.4000 | &nbsp;&nbsp;05/01/30 | 756736 |
| 700000 | NXP BV / NXP Funding, LLC / NXP USA, Inc. |  | 2.5000 | &nbsp;&nbsp;05/11/31 | 618167 |
| 900000 | QUALCOMM, Inc. |  | 1.6500 | &nbsp;&nbsp;05/20/32 | 748673 |
| 1100000 | QUALCOMM, Inc. |  | 4.8000 | &nbsp;&nbsp;05/20/45 | 1001238 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **SEMICONDUCTORS — 2.6% (Continued)** |  |  |  |  |
| 1000000 | QUALCOMM, Inc. |  | 4.5000 | &nbsp;&nbsp;05/20/52 | $843251 |
| 1100000 | Texas Instruments, Inc. |  | 4.1500 | &nbsp;&nbsp;05/15/48 | 899251 |
| 800000 | Texas Instruments, Inc. |  | 5.0500 | &nbsp;&nbsp;05/18/63 | 726039 |
|  |  |  |  |  | 30367981 |
|  | **SOFTWARE — 2.6%** |  |  |  |  |
| 900000 | Adobe, Inc. |  | 2.3000 | &nbsp;&nbsp;02/01/30 | 827586 |
| 500000 | Autodesk, Inc. |  | 2.4000 | &nbsp;&nbsp;12/15/31 | 437011 |
| 3000000 | Microsoft Corporation |  | 2.5250 | &nbsp;&nbsp;06/01/50 | 1848927 |
| 1100000 | Microsoft Corporation |  | 2.5000 | &nbsp;&nbsp;09/15/50 | 665408 |
| 2300000 | Microsoft Corporation |  | 2.9210 | &nbsp;&nbsp;03/17/52 | 1519912 |
| 2000000 | Microsoft Corporation |  | 3.0410 | &nbsp;&nbsp;03/17/62 | 1270252 |
| 700000 | Oracle Corporation |  | 6.1500 | &nbsp;&nbsp;11/09/29 | 742526 |
| 1100000 | Oracle Corporation |  | 2.9500 | &nbsp;&nbsp;04/01/30 | 1023864 |
| 900000 | Oracle Corporation |  | 2.8750 | &nbsp;&nbsp;03/25/31 | 816231 |
| 400000 | Oracle Corporation |  | 5.2500 | &nbsp;&nbsp;02/03/32 | 408323 |
| 900000 | Oracle Corporation |  | 6.2500 | &nbsp;&nbsp;11/09/32 | 969554 |
| 700000 | Oracle Corporation |  | 4.3000 | &nbsp;&nbsp;07/08/34 | 659355 |
| 600000 | Oracle Corporation |  | 4.7000 | &nbsp;&nbsp;09/27/34 | 576886 |
| 600000 | Oracle Corporation |  | 3.9000 | &nbsp;&nbsp;05/15/35 | 538168 |
| 500000 | Oracle Corporation |  | 5.5000 | &nbsp;&nbsp;08/03/35 | 507296 |
| 900000 | Oracle Corporation |  | 3.8000 | &nbsp;&nbsp;11/15/37 | 764003 |
| 600000 | Oracle Corporation |  | 6.5000 | &nbsp;&nbsp;04/15/38 | 646626 |
| 1100000 | Oracle Corporation |  | 3.6000 | &nbsp;&nbsp;04/01/40 | 868141 |
| 800000 | Oracle Corporation |  | 5.3750 | &nbsp;&nbsp;07/15/40 | 770316 |
| 700000 | Oracle Corporation |  | 3.6500 | &nbsp;&nbsp;03/25/41 | 548039 |
| 900000 | Oracle Corporation |  | 4.1250 | &nbsp;&nbsp;05/15/45 | 708579 |
| 1100000 | Oracle Corporation |  | 4.0000 | &nbsp;&nbsp;07/15/46 | 841680 |
| 900000 | Oracle Corporation |  | 4.0000 | &nbsp;&nbsp;11/15/47 | 682729 |
| 1900000 | Oracle Corporation |  | 3.6000 | &nbsp;&nbsp;04/01/50 | 1308051 |
| 1300000 | Oracle Corporation |  | 3.9500 | &nbsp;&nbsp;03/25/51 | 945250 |
| 700000 | Oracle Corporation |  | 5.5500 | &nbsp;&nbsp;02/06/53 | 648192 |
| 700000 | Oracle Corporation |  | 4.3750 | &nbsp;&nbsp;05/15/55 | 538670 |
| 500000 | Oracle Corporation |  | 6.0000 | &nbsp;&nbsp;08/03/55 | 490900 |
| 1600000 | Oracle Corporation |  | 3.8500 | &nbsp;&nbsp;04/01/60 | 1081235 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **SOFTWARE — 2.6% (Continued)** |  |  |  |  |
| 1200000 | Roper Technologies, Inc. |  | 4.2000 | &nbsp;&nbsp;09/15/28 | $1190876 |
| 700000 | Salesforce, Inc. |  | 1.9500 | &nbsp;&nbsp;07/15/31 | 611585 |
| 800000 | Salesforce, Inc. |  | 2.7000 | &nbsp;&nbsp;07/15/41 | 573139 |
| 1000000 | Salesforce, Inc. |  | 2.9000 | &nbsp;&nbsp;07/15/51 | 637209 |
| 700000 | Synopsys, Inc. |  | 4.8500 | &nbsp;&nbsp;04/01/30 | 708004 |
| 600000 | Synopsys, Inc. |  | 5.0000 | &nbsp;&nbsp;04/01/32 | 606163 |
| 800000 | Synopsys, Inc. |  | 5.1500 | &nbsp;&nbsp;04/01/35 | 803245 |
| 600000 | Synopsys, Inc. |  | 5.7000 | &nbsp;&nbsp;04/01/55 | 592972 |
| 500000 | VMware, LLC |  | 4.7000 | &nbsp;&nbsp;05/15/30 | 500509 |
| 600000 | VMware, LLC |  | 2.2000 | &nbsp;&nbsp;08/15/31 | 519393 |
| 600000 | Workday, Inc. |  | 3.8000 | &nbsp;&nbsp;04/01/32 | 563933 |
|  |  |  |  |  | 30960738 |
|  | **SPECIALTY FINANCE — 0.4%** |  |  |  |  |
| 200000 | AerCap Ireland Capital DAC / AerCap Global |  | 5.7500 | &nbsp;&nbsp;06/06/28 | 206114 |
| 900000 | AerCap Ireland Capital DAC / AerCap Global |  | 3.0000 | &nbsp;&nbsp;10/29/28 | 856571 |
| 600000 | AerCap Ireland Capital DAC / AerCap Global |  | 6.1500 | &nbsp;&nbsp;09/30/30 | 637957 |
| 1400000 | AerCap Ireland Capital DAC / AerCap Global |  | 3.3000 | &nbsp;&nbsp;01/30/32 | 1267197 |
| 900000 | AerCap Ireland Capital DAC / AerCap Global |  | 4.9500 | &nbsp;&nbsp;09/10/34 | 878251 |
| 900000 | Air Lease Corporation |  | 2.8750 | &nbsp;&nbsp;01/15/32 | 798154 |
|  |  |  |  |  | 4644244 |
|  | **TECHNOLOGY HARDWARE — 2.2%** |  |  |  |  |
| 1000000 | Apple, Inc. |  | 1.4000 | &nbsp;&nbsp;08/05/28 | 924695 |
| 400000 | Apple, Inc. |  | 3.2500 | &nbsp;&nbsp;08/08/29 | 387221 |
| 1100000 | Apple, Inc. |  | 1.6500 | &nbsp;&nbsp;05/11/30 | 977908 |
| 700000 | Apple, Inc. |  | 1.2500 | &nbsp;&nbsp;08/20/30 | 606583 |
| 1100000 | Apple, Inc. |  | 1.6500 | &nbsp;&nbsp;02/08/31 | 957633 |
| 700000 | Apple, Inc. |  | 3.3500 | &nbsp;&nbsp;08/08/32 | 657633 |
| 1100000 | Apple, Inc. |  | 3.8500 | &nbsp;&nbsp;05/04/43 | 917300 |
| 600000 | Apple, Inc. |  | 4.4500 | &nbsp;&nbsp;05/06/44 | 547867 |
| 1100000 | Apple, Inc. |  | 3.4500 | &nbsp;&nbsp;02/09/45 | 844723 |
| 800000 | Apple, Inc. |  | 4.3750 | &nbsp;&nbsp;05/13/45 | 705269 |
| 1300000 | Apple, Inc. |  | 4.6500 | &nbsp;&nbsp;02/23/46 | 1183813 |
| 900000 | Apple, Inc. |  | 3.8500 | &nbsp;&nbsp;08/04/46 | 726265 |
| 900000 | Apple, Inc. |  | 3.7500 | &nbsp;&nbsp;09/12/47 | 706734 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **TECHNOLOGY HARDWARE — 2.2% (Continued)** |  |  |  |  |
| 800000 | Apple, Inc. |  | 2.9500 | &nbsp;&nbsp;09/11/49 | $535028 |
| 1000000 | Apple, Inc. |  | 2.6500 | &nbsp;&nbsp;05/11/50 | 623033 |
| 1100000 | Apple, Inc. |  | 2.6500 | &nbsp;&nbsp;02/08/51 | 679771 |
| 1000000 | Apple, Inc. |  | 2.7000 | &nbsp;&nbsp;08/05/51 | 623336 |
| 700000 | Apple, Inc. |  | 3.9500 | &nbsp;&nbsp;08/08/52 | 555278 |
| 800000 | Apple, Inc. |  | 4.1000 | &nbsp;&nbsp;08/08/62 | 631417 |
| 500000 | CDW, LLC / CDW Finance Corporation |  | 3.5690 | &nbsp;&nbsp;12/01/31 | 461019 |
| 800000 | Cisco Systems, Inc. |  | 4.9500 | &nbsp;&nbsp;02/26/31 | 819438 |
| 900000 | Cisco Systems, Inc. |  | 5.0500 | &nbsp;&nbsp;02/26/34 | 916969 |
| 700000 | Cisco Systems, Inc. |  | 5.9000 | &nbsp;&nbsp;02/15/39 | 748572 |
| 800000 | Cisco Systems, Inc. |  | 5.5000 | &nbsp;&nbsp;01/15/40 | 819437 |
| 1100000 | Cisco Systems, Inc. |  | 5.3000 | &nbsp;&nbsp;02/26/54 | 1062238 |
| 700000 | Corning, Inc. |  | 4.3750 | &nbsp;&nbsp;11/15/57 | 561066 |
| 500000 | Dell International, LLC / EMC Corporation |  | 5.3000 | &nbsp;&nbsp;10/01/29 | 513420 |
| 500000 | Dell International, LLC / EMC Corporation |  | 5.0000 | &nbsp;&nbsp;04/01/30 | 507386 |
| 500000 | Dell International, LLC / EMC Corporation |  | 5.7500 | &nbsp;&nbsp;02/01/33 | 524938 |
| 500000 | Dell International, LLC / EMC Corporation |  | 5.4000 | &nbsp;&nbsp;04/15/34 | 510094 |
| 500000 | Dell International, LLC / EMC Corporation |  | 5.5000 | &nbsp;&nbsp;04/01/35 | 505675 |
| 700000 | Hewlett Packard Enterprise Company |  | 4.5500 | &nbsp;&nbsp;10/15/29 | 696076 |
| 1000000 | Hewlett Packard Enterprise Company |  | 5.0000 | &nbsp;&nbsp;10/15/34 | 970590 |
| 600000 | Hewlett Packard Enterprise Company |  | 5.6000 | &nbsp;&nbsp;10/15/54 | 553116 |
| 800000 | HP, Inc. |  | 2.6500 | &nbsp;&nbsp;06/17/31 | 707556 |
| 500000 | Motorola Solutions, Inc. |  | 4.6000 | &nbsp;&nbsp;05/23/29 | 501613 |
| 800000 | Motorola Solutions, Inc. |  | 2.3000 | &nbsp;&nbsp;11/15/30 | 710881 |
|  |  |  |  |  | 25881591 |
|  | **TECHNOLOGY SERVICES — 1.8%** |  |  |  |  |
| 700000 | Accenture Capital, Inc. |  | 4.5000 | &nbsp;&nbsp;10/04/34 | 678421 |
| 700000 | Automatic Data Processing, Inc. |  | 4.4500 | &nbsp;&nbsp;09/09/34 | 683484 |
| 600000 | Broadridge Financial Solutions, Inc. |  | 2.6000 | &nbsp;&nbsp;05/01/31 | 531754 |
| 1100000 | Fiserv, Inc. |  | 3.5000 | &nbsp;&nbsp;07/01/29 | 1055686 |
| 600000 | Fiserv, Inc. |  | 5.6000 | &nbsp;&nbsp;03/02/33 | 616867 |
| 600000 | Fiserv, Inc. |  | 5.1500 | &nbsp;&nbsp;08/12/34 | 596363 |
| 800000 | Fiserv, Inc. |  | 4.4000 | &nbsp;&nbsp;07/01/49 | 639948 |
| 1100000 | Global Payments, Inc. |  | 2.9000 | &nbsp;&nbsp;05/15/30 | 1004110 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **TECHNOLOGY SERVICES — 1.8% (Continued)** |  |  |  |  |
| 600000 | IBM International Capital Pte Ltd. |  | 5.2500 | &nbsp;&nbsp;02/05/44 | $573587 |
| 500000 | IBM International Capital Pte Ltd. |  | 5.3000 | &nbsp;&nbsp;02/05/54 | 464927 |
| 600000 | International Business Machines Corporation |  | 3.5000 | &nbsp;&nbsp;05/15/29 | 581694 |
| 500000 | International Business Machines Corporation |  | 4.8000 | &nbsp;&nbsp;02/10/30 | 507132 |
| 800000 | International Business Machines Corporation |  | 1.9500 | &nbsp;&nbsp;05/15/30 | 712685 |
| 600000 | International Business Machines Corporation |  | 4.4000 | &nbsp;&nbsp;07/27/32 | 588801 |
| 800000 | International Business Machines Corporation |  | 4.1500 | &nbsp;&nbsp;05/15/39 | 701020 |
| 700000 | International Business Machines Corporation |  | 4.0000 | &nbsp;&nbsp;06/20/42 | 577498 |
| 1200000 | International Business Machines Corporation |  | 4.2500 | &nbsp;&nbsp;05/15/49 | 964067 |
| 600000 | Leidos, Inc. |  | 4.3750 | &nbsp;&nbsp;05/15/30 | 589066 |
| 700000 | Mastercard, Inc. |  | 3.3500 | &nbsp;&nbsp;03/26/30 | 672706 |
| 500000 | Mastercard, Inc. |  | 4.8750 | &nbsp;&nbsp;05/09/34 | 503777 |
| 600000 | Mastercard, Inc. |  | 4.5500 | &nbsp;&nbsp;01/15/35 | 586458 |
| 900000 | Mastercard, Inc. |  | 3.8500 | &nbsp;&nbsp;03/26/50 | 701343 |
| 600000 | Paychex, Inc. |  | 5.1000 | &nbsp;&nbsp;04/15/30 | 612991 |
| 800000 | PayPal Holdings, Inc. |  | 5.1500 | &nbsp;&nbsp;06/01/34 | 810297 |
| 600000 | RELX Capital, Inc. |  | 4.0000 | &nbsp;&nbsp;03/18/29 | 594177 |
| 800000 | RELX Capital, Inc. |  | 3.0000 | &nbsp;&nbsp;05/22/30 | 752040 |
| 900000 | S&P Global, Inc. |  | 4.2500 | &nbsp;&nbsp;05/01/29 | 898448 |
| 1100000 | Visa, Inc. |  | 2.0500 | &nbsp;&nbsp;04/15/30 | 997693 |
| 800000 | Visa, Inc. |  | 4.1500 | &nbsp;&nbsp;12/14/35 | 757094 |
| 1600000 | Visa, Inc. |  | 4.3000 | &nbsp;&nbsp;12/14/45 | 1380699 |
|  |  |  |  |  | 21334833 |
|  | **TELECOMMUNICATIONS — 4.6%** |  |  |  |  |
| 2900000 | AT&T, Inc. |  | 2.7500 | &nbsp;&nbsp;06/01/31 | 2622314 |
| 2800000 | AT&T, Inc. |  | 2.5500 | &nbsp;&nbsp;12/01/33 | 2335372 |
| 1900000 | AT&T, Inc. |  | 5.4000 | &nbsp;&nbsp;02/15/34 | 1943885 |
| 3000000 | AT&T, Inc. |  | 3.5000 | &nbsp;&nbsp;09/15/53 | 2025239 |
| 3000000 | AT&T, Inc. |  | 3.5500 | &nbsp;&nbsp;09/15/55 | 2015492 |
| 2600000 | AT&T, Inc. |  | 3.8000 | &nbsp;&nbsp;12/01/57 | 1809044 |
| 3000000 | AT&T, Inc. |  | 3.6500 | &nbsp;&nbsp;09/15/59 | 1998394 |
| 900000 | Bell Telephone Company of Canada or Bell Canada |  | 4.4640 | &nbsp;&nbsp;04/01/48 | 725974 |
| 800000 | British Telecommunications plc |  | 9.6250 | &nbsp;&nbsp;12/15/30 | 977929 |
| 1200000 | Deutsche Telekom International Finance BV |  | 8.7500 | &nbsp;&nbsp;06/15/30 | 1408126 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **TELECOMMUNICATIONS — 4.6% (Continued)** |  |  |  |  |
| 1100000 | Orange S.A. |  | 9.0000 | &nbsp;&nbsp;03/01/31 | $1327697 |
| 600000 | Rogers Communications, Inc. |  | 3.8000 | &nbsp;&nbsp;03/15/32 | 559556 |
| 700000 | Rogers Communications, Inc. |  | 5.3000 | &nbsp;&nbsp;02/15/34 | 700262 |
| 1200000 | Rogers Communications, Inc. |  | 4.5500 | &nbsp;&nbsp;03/15/52 | 974687 |
| 500000 | Sprint Capital Corporation |  | 6.8750 | &nbsp;&nbsp;11/15/28 | 534522 |
| 500000 | Sprint Capital Corporation |  | 8.7500 | &nbsp;&nbsp;03/15/32 | 604718 |
| 900000 | Telefonica Emisiones S.A. |  | 7.0450 | &nbsp;&nbsp;06/20/36 | 997965 |
| 500000 | T-Mobile USA, Inc. |  | 2.6250 | &nbsp;&nbsp;02/15/29 | 470189 |
| 700000 | T-Mobile USA, Inc. |  | 3.3750 | &nbsp;&nbsp;04/15/29 | 672498 |
| 2200000 | T-Mobile USA, Inc. |  | 3.8750 | &nbsp;&nbsp;04/15/30 | 2132457 |
| 1100000 | T-Mobile USA, Inc. |  | 2.5500 | &nbsp;&nbsp;02/15/31 | 982806 |
| 500000 | T-Mobile USA, Inc. |  | 2.8750 | &nbsp;&nbsp;02/15/31 | 454898 |
| 800000 | T-Mobile USA, Inc. |  | 3.5000 | &nbsp;&nbsp;04/15/31 | 750864 |
| 500000 | T-Mobile USA, Inc. |  | 5.1250 | &nbsp;&nbsp;05/15/32 | 507379 |
| 600000 | T-Mobile USA, Inc. |  | 5.2000 | &nbsp;&nbsp;01/15/33 | 608069 |
| 1000000 | T-Mobile USA, Inc. |  | 5.0500 | &nbsp;&nbsp;07/15/33 | 1003873 |
| 1000000 | T-Mobile USA, Inc. |  | 5.3000 | &nbsp;&nbsp;05/15/35 | 1008055 |
| 700000 | T-Mobile USA, Inc. |  | 4.3750 | &nbsp;&nbsp;04/15/40 | 618725 |
| 1100000 | T-Mobile USA, Inc. |  | 3.0000 | &nbsp;&nbsp;02/15/41 | 805233 |
| 1300000 | T-Mobile USA, Inc. |  | 4.5000 | &nbsp;&nbsp;04/15/50 | 1069422 |
| 1300000 | T-Mobile USA, Inc. |  | 3.3000 | &nbsp;&nbsp;02/15/51 | 863521 |
| 1300000 | T-Mobile USA, Inc. |  | 3.4000 | &nbsp;&nbsp;10/15/52 | 868664 |
| 800000 | T-Mobile USA, Inc. |  | 5.6500 | &nbsp;&nbsp;01/15/53 | 772689 |
| 500000 | T-Mobile USA, Inc. |  | 5.7500 | &nbsp;&nbsp;01/15/54 | 489603 |
| 400000 | Verizon Communications, Inc. |  | 3.8750 | &nbsp;&nbsp;02/08/29 | 394066 |
| 1600000 | Verizon Communications, Inc. |  | 1.7500 | &nbsp;&nbsp;01/20/31 | 1377422 |
| 1900000 | Verizon Communications, Inc. |  | 2.3550 | &nbsp;&nbsp;03/15/32 | 1634301 |
| 800000 | Verizon Communications, Inc. |  | 5.0500 | &nbsp;&nbsp;05/09/33 | 807679 |
| 600000 | Verizon Communications, Inc. |  | 4.7800 | &nbsp;&nbsp;02/15/35 | 581801 |
| 1200000 | Verizon Communications, Inc. |  | 5.2500 | &nbsp;&nbsp;04/02/35 | 1203698 |
| 2233000 | Verizon Communications, Inc.<sup>(a)</sup> |  | 5.4010 | &nbsp;&nbsp;07/02/37 | 2229580 |
| 1500000 | Verizon Communications, Inc. |  | 2.6500 | &nbsp;&nbsp;11/20/40 | 1051717 |
| 1700000 | Verizon Communications, Inc. |  | 3.4000 | &nbsp;&nbsp;03/22/41 | 1312400 |
| 900000 | Verizon Communications, Inc. |  | 4.0000 | &nbsp;&nbsp;03/22/50 | 688633 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **TELECOMMUNICATIONS — 4.6% (Continued)** |  |  |  |  |
| 1500000 | Verizon Communications, Inc. |  | 2.8750 | &nbsp;&nbsp;11/20/50 | $931688 |
| 1600000 | Verizon Communications, Inc. |  | 3.5500 | &nbsp;&nbsp;03/22/51 | 1139872 |
| 600000 | Verizon Communications, Inc. |  | 3.8750 | &nbsp;&nbsp;03/01/52 | 446262 |
| 600000 | Verizon Communications, Inc. |  | 5.5000 | &nbsp;&nbsp;02/23/54 | 577826 |
| 2100000 | Verizon Communications, Inc. |  | 3.7000 | &nbsp;&nbsp;03/22/61 | 1446681 |
| 800000 | Vodafone Group plc |  | 5.7500 | &nbsp;&nbsp;06/28/54 | 765383 |
|  |  |  |  |  | 54229130 |
|  | **TOBACCO & CANNABIS — 1.5%** |  |  |  |  |
| 1000000 | Altria Group, Inc. |  | 3.4000 | &nbsp;&nbsp;05/06/30 | 946085 |
| 800000 | Altria Group, Inc. |  | 2.4500 | &nbsp;&nbsp;02/04/32 | 688992 |
| 1300000 | Altria Group, Inc. |  | 3.4000 | &nbsp;&nbsp;02/04/41 | 965957 |
| 1000000 | Altria Group, Inc. |  | 4.2500 | &nbsp;&nbsp;08/09/42 | 811703 |
| 1200000 | Altria Group, Inc. |  | 3.8750 | &nbsp;&nbsp;09/16/46 | 884172 |
| 900000 | Altria Group, Inc. |  | 3.7000 | &nbsp;&nbsp;02/04/51 | 621837 |
| 500000 | BAT Capital Corporation |  | 6.3430 | &nbsp;&nbsp;08/02/30 | 536138 |
| 500000 | BAT Capital Corporation |  | 5.8340 | &nbsp;&nbsp;02/20/31 | 523761 |
| 500000 | BAT Capital Corporation |  | 2.7260 | &nbsp;&nbsp;03/25/31 | 449194 |
| 500000 | BAT Capital Corporation |  | 6.4210 | &nbsp;&nbsp;08/02/33 | 542443 |
| 400000 | BAT Capital Corporation |  | 6.0000 | &nbsp;&nbsp;02/20/34 | 421524 |
| 1000000 | BAT Capital Corporation |  | 4.3900 | &nbsp;&nbsp;08/15/37 | 894189 |
| 900000 | BAT Capital Corporation |  | 7.0810 | &nbsp;&nbsp;08/02/53 | 1005989 |
| 600000 | BAT International Finance plc |  | 5.9310 | &nbsp;&nbsp;02/02/29 | 626888 |
| 500000 | Philip Morris International, Inc. |  | 4.6250 | &nbsp;&nbsp;11/01/29 | 502762 |
| 600000 | Philip Morris International, Inc. |  | 5.6250 | &nbsp;&nbsp;11/17/29 | 626261 |
| 800000 | Philip Morris International, Inc. |  | 5.1250 | &nbsp;&nbsp;02/15/30 | 819213 |
| 800000 | Philip Morris International, Inc. |  | 2.1000 | &nbsp;&nbsp;05/01/30 | 717647 |
| 600000 | Philip Morris International, Inc. |  | 4.7500 | &nbsp;&nbsp;11/01/31 | 600796 |
| 600000 | Philip Morris International, Inc. |  | 5.7500 | &nbsp;&nbsp;11/17/32 | 630215 |
| 800000 | Philip Morris International, Inc. |  | 5.3750 | &nbsp;&nbsp;02/15/33 | 821698 |
| 900000 | Philip Morris International, Inc. |  | 5.2500 | &nbsp;&nbsp;02/13/34 | 911606 |
| 1200000 | Philip Morris International, Inc. |  | 3.8750 | &nbsp;&nbsp;08/21/42 | 970336 |
| 1000000 | Reynolds American, Inc. |  | 5.8500 | &nbsp;&nbsp;08/15/45 | 970401 |
|  |  |  |  |  | 17489807 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Spread** | **Coupon<br> Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 83.8% (Continued)** |  |  |  |  |
|  | **TRANSPORTATION & LOGISTICS — 1.2%** |  |  |  |  |
| 1200000 | Burlington Northern Santa Fe, LLC |  | 4.4500 | &nbsp;&nbsp;03/15/43 | $1050419 |
| 1300000 | Burlington Northern Santa Fe, LLC |  | 3.9000 | &nbsp;&nbsp;08/01/46 | 1029504 |
| 900000 | Burlington Northern Santa Fe, LLC |  | 5.2000 | &nbsp;&nbsp;04/15/54 | 842611 |
| 700000 | Burlington Northern Santa Fe, LLC |  | 5.5000 | &nbsp;&nbsp;03/15/55 | 684585 |
| 600000 | Canadian National Railway Company |  | 3.8500 | &nbsp;&nbsp;08/05/32 | 568702 |
| 800000 | Canadian Pacific Railway Company |  | 3.0000 | &nbsp;&nbsp;12/02/41 | 580247 |
| 1000000 | Canadian Pacific Railway Company |  | 3.1000 | &nbsp;&nbsp;12/02/51 | 654092 |
| 700000 | CSX Corporation |  | 4.2500 | &nbsp;&nbsp;03/15/29 | 697278 |
| 1100000 | CSX Corporation |  | 3.8000 | &nbsp;&nbsp;11/01/46 | 851712 |
| 900000 | Norfolk Southern Corporation |  | 3.0500 | &nbsp;&nbsp;05/15/50 | 587138 |
| 400000 | Norfolk Southern Corporation |  | 5.3500 | &nbsp;&nbsp;08/01/54 | 381202 |
| 700000 | Union Pacific Corporation |  | 2.4000 | &nbsp;&nbsp;02/05/30 | 643063 |
| 600000 | Union Pacific Corporation |  | 2.8000 | &nbsp;&nbsp;02/14/32 | 539642 |
| 600000 | Union Pacific Corporation |  | 5.1000 | &nbsp;&nbsp;02/20/35 | 606916 |
| 900000 | Union Pacific Corporation |  | 3.2000 | &nbsp;&nbsp;05/20/41 | 685119 |
| 1200000 | Union Pacific Corporation |  | 3.7990 | &nbsp;&nbsp;10/01/51 | 896686 |
| 600000 | Union Pacific Corporation |  | 2.9500 | &nbsp;&nbsp;03/10/52 | 378746 |
| 1100000 | Union Pacific Corporation |  | 3.8390 | &nbsp;&nbsp;03/20/60 | 789697 |
| 500000 | United Parcel Service, Inc. |  | 5.1500 | &nbsp;&nbsp;05/22/34 | 509756 |
| 700000 | United Parcel Service, Inc. |  | 5.3000 | &nbsp;&nbsp;04/01/50 | 659014 |
| 600000 | United Parcel Service, Inc. |  | 5.0500 | &nbsp;&nbsp;03/03/53 | 540552 |
| 500000 | United Parcel Service, Inc. |  | 5.5000 | &nbsp;&nbsp;05/22/54 | 480165 |
|  |  |  |  |  | 14656846 |
|  | **TRANSPORTATION EQUIPMENT** — **0.0%<sup>(c)</sup>** |  |  |  |  |
| 500000 | Cummins, Inc. |  | 5.4500 | &nbsp;&nbsp;02/20/54 | 485157 |
|  | **WHOLESALE - CONSUMER STAPLES — 0.2%** |  |  |  |  |
| 1100000 | Archer-Daniels-Midland Company |  | 3.2500 | &nbsp;&nbsp;03/27/30 | 1045712 |
| 1000000 | Bunge Ltd. Finance Corporation |  | 2.7500 | &nbsp;&nbsp;05/14/31 | 901894 |
| 1000000 | Sysco Corporation |  | 3.1500 | &nbsp;&nbsp;12/14/51 | 639838 |
|  |  |  |  |  | 2587444 |
|  | **TOTAL CORPORATE BONDS (Cost $986,487,253)** |  |  |  | 992336961 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | | | | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 14.0%** | **SHORT-TERM INVESTMENTS — 14.0%** | **SHORT-TERM INVESTMENTS — 14.0%** |  |
|  | **MONEY MARKET FUND - 14.0%** | **MONEY MARKET FUND - 14.0%** | **MONEY MARKET FUND - 14.0%** |  |
| 165998566 | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $165,998,566)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $165,998,566)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $165,998,566)<sup>(d)</sup> | $165998566 |
|  | **TOTAL INVESTMENTS - 97.8% (Cost $1,152,485,819)** | **TOTAL INVESTMENTS - 97.8% (Cost $1,152,485,819)** | **TOTAL INVESTMENTS - 97.8% (Cost $1,152,485,819)** | $1158335527 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 2.2%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 2.2%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 2.2%** | 25560688 |
|  | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | $1183896215 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |
| **Number of<br> Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount** | **Unrealized<br> Appreciation** |
| 275 | CBOT 10 Year US Treasury Notes | 09/22/2025 | $30542188 | $379039 |
|  | **TOTAL FUTURES CONTRACTS** |  |  |  |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| NV | - Naamioze Vennootschap |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S/A | - Société Anonyme |
| H15T1Y | US Treasury Yield Curve Rate T Note Constant Maturity 1 Year |
| H15T5Y | US Treasury Yield Curve Rate T Note Constant Maturity 5 Year |
| SOFRINDX | Secured Overnight Financing Rate Index |
| SOFRRATE | United States SOFR Secured Overnight Financing Rate |
| TSFR3M | 3-Month CME Term SOFR |
| US0003M | US Treasury 3 Month Bill Money Market Yield |

---

<sup>(a)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025 the total market value of 144A securities is $11,554,926 or 1.0% of net assets.

<sup>(b)</sup> Variable rate security; the rate shown represents the rate on July 31, 2025.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

<sup>(d)</sup> Rate disclosed is the seven-day effective yield as of July 31, 2025.

---

| |
|:---|
| **NAVIGATOR TACTICAL INVESTMENT GRADE BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| |
|:---|
| **OPEN CREDIT DEFAULT SWAP AGREEMENTS <sup>(1)</sup>** |
| **OPEN CREDIT DEFAULT SWAP AGREEMENTS - SELL PROTECTION <sup>(2)</sup>** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference Entity | Counterparty | Termination<br> Date | Interest Rate<br> Payable | Payment<br> Frequency | Notional Value at<br> July 31, 2025 | Value | Upfront<br> Premiums Paid | Unrealized<br> Appreciation |
| CDX North American High Yield Series 44 | GS | 6/20/2030 | 5.00% | Quarterly | $15000000 | $1172960 | $567420 | $605540 |
| CDX North American Investment Grade Series 44 | GS | 6/20/2030 | 5.00% | Quarterly | 50000000 | 1141633 | 726593 | 415040 |
| **TOTAL** |  |  |  |  |  | $2314593 | $1294013 | $1020580 |

---

GS - Goldman Sachs

<sup>(1)</sup> For centrally cleared swaps, the notional amounts represent the maximum potential the Fund may pay/receive as a seller/buyer of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in the reference entity.

<sup>(2)</sup> For centrally cleared swaps, when a credit event occurs as defined under the terms of the swap contract, the Fund as a seller of credit protection will either (i) pay a net amount equal to the par value of the defaulted reference entity and deliver the reference entity or (ii) pay a net amount equal to the par value of the defaulted reference entity less its recovery value.

---

| |
|:---|
| **NAVIGATOR TACTICAL U.S. ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Shares** | | | | | **Fair Value** |
|  | **EXCHANGE-TRADED FUND — 5.6%** | **EXCHANGE-TRADED FUND — 5.6%** | **EXCHANGE-TRADED FUND — 5.6%** | **EXCHANGE-TRADED FUND — 5.6%** |  |
|  | **EQUITY - 5.6%** | **EQUITY - 5.6%** | **EQUITY - 5.6%** | **EQUITY - 5.6%** |  |
| 6300 | Vanguard S&P 500 ETF | Vanguard S&P 500 ETF | Vanguard S&P 500 ETF | Vanguard S&P 500 ETF | $3660426 |
|  | **TOTAL EXCHANGE-TRADED FUND (Cost $3,268,201)** | **TOTAL EXCHANGE-TRADED FUND (Cost $3,268,201)** | **TOTAL EXCHANGE-TRADED FUND (Cost $3,268,201)** | **TOTAL EXCHANGE-TRADED FUND (Cost $3,268,201)** | 3660426 |
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** |  |
|  | **CORPORATE BONDS — 74.8%** | **CORPORATE BONDS — 74.8%** |  |  |  |
|  | **AEROSPACE & DEFENSE — 3.0%** |  |  |  |  |
| 1000000 | Boeing Company |  | 2.1960 | &nbsp;&nbsp;02/04/26 | 986870 |
| 1000000 | Teledyne Technologies, Inc. |  | 1.6000 | &nbsp;&nbsp;04/01/26 | 979895 |
|  |  |  |  |  | 1966765 |
|  | **ASSET MANAGEMENT — 1.5%** |  |  |  |  |
| 1000000 | Charles Schwab Corporation<sup>(a)</sup> | SOFRRATE + 0.520% | 4.8560 | &nbsp;&nbsp;05/13/26 | 1000561 |
|  | **AUTOMOTIVE — 9.2%** |  |  |  |  |
| 1000000 | American Honda Finance Corporation<sup>(a)</sup> | SOFRRATE + 0.600% | 4.9370 | &nbsp;&nbsp;08/14/25 | 1000169 |
| 1000000 | American Honda Finance Corporation<sup>(a)</sup> | SOFRRATE + 0.870% | 5.1990 | &nbsp;&nbsp;07/09/27 | 1003619 |
| 1000000 | BMW US Capital, LLC<sup>(a),(b)</sup> | SOFRINDX + 0.780% | 5.1260 | &nbsp;&nbsp;03/19/27 | 1000938 |
| 1000000 | Hyundai Capital America<sup>(a),(b)</sup> | SOFRRATE + 0.990% | 5.3410 | &nbsp;&nbsp;03/25/27 | 1001726 |
| 1000000 | Mercedes-Benz Finance North America, LLC<sup>(a),(b)</sup> | SOFRRATE + 0.780% | 5.1310 | &nbsp;&nbsp;04/01/27 | 1000737 |
| 1000000 | Volkswagen Group of America Finance, LLC<sup>(a),(b)</sup> | SOFRRATE + 0.830% | 5.1760 | &nbsp;&nbsp;03/20/26 | 1000966 |
|  |  |  |  |  | 6008155 |
|  | **BANKING — 7.6%** |  |  |  |  |
| 970000 | Bank of America Corporation<sup>(c)</sup> | SOFRRATE + 1.010% | 1.1970 | &nbsp;&nbsp;10/24/26 | 962274 |
| 1000000 | Citibank NA<sup>(a)</sup> | SOFRRATE + 0.781% | 5.1220 | &nbsp;&nbsp;05/29/27 | 1004837 |
| 1000000 | Cooperatieve Rabobank UA<sup>(a)</sup> | SOFRRATE + 0.620% | 4.9590 | &nbsp;&nbsp;08/28/26 | 1003854 |
| 1000000 | JPMorgan Chase & Company<sup>(c)</sup> | US0003M + 1.245% | 3.9600 | &nbsp;&nbsp;01/29/27 | 997469 |
| 1000000 | Toronto-Dominion Bank<sup>(a)</sup> | SOFRRATE + 0.480% | 4.8090 | &nbsp;&nbsp;10/10/25 | 1000578 |
|  |  |  |  |  | 4969012 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL U.S. ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 74.8% (Continued)** | **CORPORATE BONDS — 74.8% (Continued)** |  |  | |
| | **BEVERAGES — 1.5%** | **BEVERAGES — 1.5%** |  |  | |
| 1000000 | Keurig Dr Pepper, Inc.<sup>(a)</sup> | SOFRRATE + 0.580% | 4.9200 | &nbsp;&nbsp;11/15/26 | $1002557 |
|  | **BIOTECH & PHARMA — 4.6%** |  |  |  |  |
| 1000000 | Bayer US Finance II, LLC<sup>(b)</sup> |  | 4.2500 | &nbsp;&nbsp;12/15/25 | 997540 |
| 1000000 | GlaxoSmithKline Capital plc<sup>(a)</sup> | SOFRRATE + 0.500% | 4.8410 | &nbsp;&nbsp;03/12/27 | 1003851 |
| 1000000 | Royalty Pharma plc |  | 1.2000 | &nbsp;&nbsp;09/02/25 | 996609 |
|  |  |  |  |  | 2998000 |
|  | **CHEMICALS — 2.2%** |  |  |  |  |
| 1000000 | DuPont de Nemours, Inc. |  | 4.4930 | &nbsp;&nbsp;11/15/25 | 998944 |
| 411000 | International Flavors & Fragrances, Inc.<sup>(b)</sup> |  | 1.2300 | &nbsp;&nbsp;10/01/25 | 408230 |
|  |  |  |  |  | 1407174 |
|  | **COMMERCIAL SUPPORT SERVICES — 1.5%** |  |  |  |  |
| 1000000 | Block Financial, LLC |  | 5.2500 | &nbsp;&nbsp;10/01/25 | 1000196 |
|  | **E-COMMERCE DISCRETIONARY — 1.5%** |  |  |  |  |
| 1000000 | eBay, Inc. |  | 1.4000 | &nbsp;&nbsp;05/10/26 | 976782 |
|  | **ELECTRIC UTILITIES — 3.1%** |  |  |  |  |
| 1000000 | Duke Energy Corporation |  | 0.9000 | &nbsp;&nbsp;09/15/25 | 995147 |
| 1000000 | Entergy Corporation |  | 0.9000 | &nbsp;&nbsp;09/15/25 | 995470 |
|  |  |  |  |  | 1990617 |
|  | **ELECTRICAL EQUIPMENT — 1.3%** |  |  |  |  |
| 866000 | Fortive Corporation |  | 3.1500 | &nbsp;&nbsp;06/15/26 | 854256 |
|  | **FOOD — 3.0%** |  |  |  |  |
| 1000000 | Conagra Brands, Inc. |  | 4.6000 | &nbsp;&nbsp;11/01/25 | 998804 |
| 1000000 | Kraft Heinz Foods Company |  | 3.0000 | &nbsp;&nbsp;06/01/26 | 987076 |
|  |  |  |  |  | 1985880 |
|  | **HEALTH CARE FACILITIES & SERVICES — 3.0%** |  |  |  |  |
| 1000000 | CVS Health Corporation |  | 2.8750 | &nbsp;&nbsp;06/01/26 | 986086 |
| 1000000 | HCA, Inc. |  | 5.8750 | &nbsp;&nbsp;02/15/26 | 1000812 |
|  |  |  |  |  | 1986898 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL U.S. ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 74.8% (Continued)** | **CORPORATE BONDS — 74.8% (Continued)** |  |  | |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 3.0%** |  |  |  |  |
| 1000000 | Goldman Sachs Group, Inc.<sup>(c)</sup> | SOFRRATE + 1.075% | 5.7980 | &nbsp;&nbsp;08/10/26 | $1000206 |
| 1000000 | Morgan Stanley<sup>(c)</sup> | SOFRRATE + 0.879% | 1.5930 | &nbsp;&nbsp;05/04/27 | 977502 |
|  |  |  |  |  | 1977708 |
|  | **INSURANCE — 1.4%** |  |  |  |  |
| 912000 | Allstate Corporation |  | 0.7500 | &nbsp;&nbsp;12/15/25 | 899554 |
|  | **LEISURE FACILITIES & SERVICES — 3.3%** |  |  |  |  |
| 1177000 | Marriott International, Inc. |  | 3.1250 | &nbsp;&nbsp;06/15/26 | 1163121 |
| 1000000 | Royal Caribbean Cruises Ltd.<sup>(b)</sup> |  | 4.2500 | &nbsp;&nbsp;07/01/26 | 997132 |
|  |  |  |  |  | 2160253 |
|  | **MEDICAL EQUIPMENT & DEVICES — 1.5%** |  |  |  |  |
| 1000000 | GE HealthCare Technologies, Inc. |  | 5.6000 | &nbsp;&nbsp;11/15/25 | 1001773 |
|  | **OIL & GAS PRODUCERS — 4.6%** |  |  |  |  |
| 1000000 | MPLX, L.P. B |  | 1.7500 | &nbsp;&nbsp;03/01/26 | 983262 |
| 1000000 | Plains All American Pipeline, L.P. / PAA Finance |  | 4.6500 | &nbsp;&nbsp;10/15/25 | 999732 |
| 1000000 | Williams Companies, Inc. |  | 4.0000 | &nbsp;&nbsp;09/15/25 | 998763 |
|  |  |  |  |  | 2981757 |
|  | **REAL ESTATE INVESTMENT TRUSTS — 4.6%** |  |  |  |  |
| 1000000 | Crown Castle International Corporation |  | 3.7000 | &nbsp;&nbsp;06/15/26 | 991914 |
| 1000000 | Equinix, Inc. |  | 1.4500 | &nbsp;&nbsp;05/15/26 | 974633 |
| 1023000 | Weyerhaeuser Company |  | 4.7500 | &nbsp;&nbsp;05/15/26 | 1024320 |
|  |  |  |  |  | 2990867 |
|  | **RETAIL - DISCRETIONARY — 3.0%** |  |  |  |  |
| 1000000 | Lowe's Companies, Inc. |  | 4.8000 | &nbsp;&nbsp;04/01/26 | 1001087 |
| 1000000 | Ross Stores, Inc. |  | 0.8750 | &nbsp;&nbsp;04/15/26 | 974069 |
|  |  |  |  |  | 1975156 |
|  | **SOFTWARE — 3.0%** |  |  |  |  |
| 1000000 | Fortinet, Inc. |  | 1.0000 | &nbsp;&nbsp;03/15/26 | 978045 |
| 1000000 | Oracle Corporation |  | 1.6500 | &nbsp;&nbsp;03/25/26 | 981504 |
|  |  |  |  |  | 1959549 |
|  | **STEEL — 1.5%** |  |  |  |  |
| 1000000 | Reliance, Inc. |  | 1.3000 | &nbsp;&nbsp;08/15/25 | 998658 |

---

---

| |
|:---|
| **NAVIGATOR TACTICAL U.S. ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 74.8% (Continued)** | **CORPORATE BONDS — 74.8% (Continued)** |  |  | |
|  | **TECHNOLOGY HARDWARE — 2.9%** |  |  |  |  |
| 1000000 | Dell International, LLC / EMC Corporation |  | 6.0200 | &nbsp;&nbsp;06/15/26 | $1008600 |
| 881000 | Jabil, Inc. |  | 1.7000 | &nbsp;&nbsp;04/15/26 | 863596 |
|  |  |  |  |  | 1872196 |
|  | **TELECOMMUNICATIONS — 3.0%** |  |  |  |  |
| 1000000 | Sprint, LLC |  | 7.6250 | &nbsp;&nbsp;03/01/26 | 1007617 |
| 1000000 | T-Mobile USA, Inc. |  | 1.5000 | &nbsp;&nbsp;02/15/26 | 983795 |
|  |  |  |  |  | 1991412 |
|  | **TOTAL CORPORATE BONDS (Cost $48,915,672)** | **TOTAL CORPORATE BONDS (Cost $48,915,672)** | **TOTAL CORPORATE BONDS (Cost $48,915,672)** | **TOTAL CORPORATE BONDS (Cost $48,915,672)** | 48955736 |
| **Shares** |  |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 9.2%** | **SHORT-TERM INVESTMENTS — 9.2%** | **SHORT-TERM INVESTMENTS — 9.2%** | **SHORT-TERM INVESTMENTS — 9.2%** |  |
|  | **MONEY MARKET FUND - 9.2%** | **MONEY MARKET FUND - 9.2%** | **MONEY MARKET FUND - 9.2%** | **MONEY MARKET FUND - 9.2%** |  |
| 6040340 | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $6,040,340)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $6,040,340)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $6,040,340)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $6,040,340)<sup>(d)</sup> | 6040340 |
|  | **TOTAL INVESTMENTS - 89.6% (Cost $58,224,213)** | **TOTAL INVESTMENTS - 89.6% (Cost $58,224,213)** | **TOTAL INVESTMENTS - 89.6% (Cost $58,224,213)** | **TOTAL INVESTMENTS - 89.6% (Cost $58,224,213)** | $58656502 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 10.4%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 10.4%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 10.4%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 10.4%** | 6790669 |
|  | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | $65447171 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |
| **Number of<br> Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional<br> Amount** | **Unrealized<br> Appreciation** |
| 194 | CME E-Mini Standard & Poor's 500 Index Futures | 09/22/2025 | $61830225 | $2883895 |
|  | **TOTAL FUTURES CONTRACTS** |  |  |  |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| SOFRINDX | Secured Overnight Financing Rate Index |
| SOFRRATE | United States SOFR Secured Overnight Financing Rate |
| US0003M | US Treasury 3 Month Bill Money Market Yield |

---

<sup>(a)</sup> Floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

<sup>(b)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025 the total market value of 144A securities is $6,407,269 or 9.8% of net assets.

<sup>(c)</sup> Variable rate security; the rate shown represents the rate on July 31, 2025.

<sup>(d)</sup> Rate disclosed is the seven-day effective yield as of July 31, 2025.

---

| |
|:---|
| **NAVIGATOR ULTRA SHORT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
| | **CORPORATE BONDS — 95.8%** | **CORPORATE BONDS — 95.8%** |  |  | |
|  | **ADVERTISING & MARKETING — 1.5%** |  |  |  |  |
| 1216000 | Omnicom Group, Inc. / Omnicom Capital, Inc. |  | 3.6000 | &nbsp;&nbsp;&nbsp;04/15/26 | $1207251 |
|  | **AEROSPACE & DEFENSE — 3.0%** |  |  |  |  |
| 1000000 | Boeing Company |  | 2.1960 | &nbsp;&nbsp;&nbsp;02/04/26 | 986869 |
| 1380000 | Teledyne Technologies, Inc. |  | 1.6000 | &nbsp;&nbsp;&nbsp;04/01/26 | 1352256 |
|  |  |  |  |  | 2339125 |
|  | **ASSET MANAGEMENT — 1.3%** |  |  |  |  |
| 1000000 | Charles Schwab Corporation<sup>(a)</sup> | SOFRRATE + 0.520% | 4.8560 | &nbsp;&nbsp;&nbsp;05/13/26 | 1000561 |
|  | **AUTOMOTIVE — 12.0%** |  |  |  |  |
| 1500000 | American Honda Finance Corporation<sup>(a)</sup> | SOFRRATE + 0.600% | 4.9370 | &nbsp;&nbsp;&nbsp;08/14/25 | 1500254 |
| 1000000 | American Honda Finance Corporation<sup>(a)</sup> | SOFRRATE + 0.870% | 5.1990 | &nbsp;&nbsp;&nbsp;07/09/27 | 1003619 |
| 1000000 | BMW US Capital, LLC<sup>(a),(b)</sup> | SOFRINDX + 0.780% | 5.1260 | &nbsp;&nbsp;&nbsp;03/19/27 | 1000938 |
| 1000000 | Ford Motor Credit Company, LLC |  | 4.1340 | &nbsp;&nbsp;&nbsp;08/04/25 | 999910 |
| 1000000 | Ford Motor Credit Company, LLC<sup>(a)</sup> | SOFRRATE + 1.450% | 5.7900 | &nbsp;&nbsp;&nbsp;11/05/26 | 995909 |
| 1000000 | General Motors Financial Company, Inc. |  | 1.2500 | &nbsp;&nbsp;&nbsp;01/08/26 | 985341 |
| 1000000 | Hyundai Capital America<sup>(a),(b)</sup> | SOFRRATE + 0.990% | 5.3410 | &nbsp;&nbsp;&nbsp;03/25/27 | 1001726 |
| 1000000 | Mercedes-Benz Finance North America, LLC<sup>(a),(b)</sup> | SOFRRATE + 0.780% | 5.1310 | &nbsp;&nbsp;&nbsp;04/01/27 | 1000737 |
| 1000000 | Volkswagen Group of America Finance, LLC<sup>(a),(b)</sup> | SOFRRATE + 0.830% | 5.1760 | &nbsp;&nbsp;&nbsp;03/20/26 | 1000966 |
|  |  |  |  |  | 9489400 |
|  | **BANKING — 8.8%** |  |  |  |  |
| 970000 | Bank of America Corporation<sup>(c)</sup> | SOFRRATE + 1.010% | 1.1970 | &nbsp;&nbsp;&nbsp;10/24/26 | 962274 |
| 1000000 | Citibank NA<sup>(a)</sup> | SOFRINDX + 0.590% | 4.9500 | &nbsp;&nbsp;&nbsp;04/30/26 | 1002233 |
| 1000000 | Citibank NA<sup>(a)</sup> | SOFRRATE + 0.781% | 5.1220 | &nbsp;&nbsp;&nbsp;05/29/27 | 1004837 |
| 1000000 | Cooperatieve Rabobank UA<sup>(a)</sup> | SOFRRATE + 0.620% | 4.9590 | &nbsp;&nbsp;&nbsp;08/28/26 | 1003854 |
| 1000000 | JPMorgan Chase & Company<sup>(c)</sup> | US0003M + 1.245% | 3.9600 | &nbsp;&nbsp;&nbsp;01/29/27 | 997469 |
| 1000000 | JPMorgan Chase & Company<sup>(c)</sup> | SOFRRATE + 0.765% | 1.4700 | &nbsp;&nbsp;&nbsp;09/22/27 | 966066 |
| 1000000 | Toronto-Dominion Bank <sup>(a)</sup> | SOFRRATE + 0.480% | 4.8090 | &nbsp;&nbsp;&nbsp;10/10/25 | 1000578 |
|  |  |  |  |  | 6937311 |

---

---

| |
|:---|
| **NAVIGATOR ULTRA SHORT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 95.8% (Continued)** |  |  |  |  |
|  | **BEVERAGES — 1.9%** |  |  |  |  |
| 1500000 | Keurig Dr Pepper, Inc.<sup>(a)</sup> | SOFRRATE + 0.580% | 4.9200 | 11/15/26 | $1503835 |
|  | **BIOTECH & PHARMA — 3.8%** |  |  |  |  |
| 1000000 | Bayer US Finance II, LLC<sup>(b)</sup> |  | 4.2500 | 12/15/25 | 997540 |
| 1000000 | GlaxoSmithKline Capital plc<sup>(a)</sup> | SOFRRATE + 0.500% | 4.8410 | 03/12/27 | 1003852 |
| 1000000 | Royalty Pharma plc |  | 1.2000 | 09/02/25 | 996608 |
|  |  |  |  |  | 2998000 |
|  | **CHEMICALS — 3.0%** |  |  |  |  |
| 2000000 | DuPont de Nemours, Inc. |  | 4.4930 | 11/15/25 | 1997889 |
| 411000 | International Flavors & Fragrances, Inc.<sup>(b)</sup> |  | 1.2300 | 10/01/25 | 408230 |
|  |  |  |  |  | 2406119 |
|  | **COMMERCIAL SUPPORT SERVICES — 1.3%** |  |  |  |  |
| 1000000 | Block Financial, LLC |  | 5.2500 | 10/01/25 | 1000197 |
|  | **E-COMMERCE DISCRETIONARY — 1.2%** |  |  |  |  |
| 1000000 | eBay, Inc. |  | 1.4000 | 05/10/26 | 976782 |
|  | **ELECTRIC UTILITIES — 2.5%** |  |  |  |  |
| 1000000 | Duke Energy Corporation |  | 0.9000 | 09/15/25 | 995147 |
| 1000000 | Entergy Corporation |  | 0.9000 | 09/15/25 | 995470 |
|  |  |  |  |  | 1990617 |
|  | **ELECTRICAL EQUIPMENT — 2.7%** |  |  |  |  |
| 1000000 | Fortive Corporation |  | 3.1500 | 06/15/26 | 986439 |
| 1139000 | Johnson Controls International plc |  | 3.9000 | 02/14/26 | 1133836 |
|  |  |  |  |  | 2120275 |
|  | **ENTERTAINMENT CONTENT — 2.1%** |  |  |  |  |
| 1680000 | Take-Two Interactive Software, Inc. |  | 5.0000 | 03/28/26 | 1683717 |

---

---

| |
|:---|
| **NAVIGATOR ULTRA SHORT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 95.8% (Continued)** |  |  |  |  |
|  | **FOOD — 5.5%** |  |  |  |  |
| 1000000 | Conagra Brands, Inc. |  | 4.6000 | &nbsp;&nbsp;11/01/25 | $998804 |
| 1348000 | Kellogg Company |  | 3.2500 | &nbsp;&nbsp;04/01/26 | 1338281 |
| 1052000 | Kraft Heinz Foods Company |  | 3.0000 | &nbsp;&nbsp;06/01/26 | 1038404 |
| 1000000 | McCormick & Company, Inc. |  | 3.2500 | &nbsp;&nbsp;11/15/25 | 995328 |
|  |  |  |  |  | 4370817 |
|  | **HEALTH CARE FACILITIES & SERVICES — 4.4%** |  |  |  |  |
| 1000000 | CVS Health Corporation |  | 2.8750 | &nbsp;&nbsp;06/01/26 | 986086 |
| 1000000 | Elevance Health, Inc. |  | 4.9000 | &nbsp;&nbsp;02/08/26 | 1000044 |
| 1500000 | HCA, Inc. |  | 5.8750 | &nbsp;&nbsp;02/15/26 | 1501218 |
|  |  |  |  |  | 3487348 |
|  | **HOME CONSTRUCTION — 1.8%** |  |  |  |  |
| 1435000 | DR Horton, Inc. |  | 2.6000 | &nbsp;&nbsp;10/15/25 | 1428929 |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 5.0%** |  |  |  |  |
| 1000000 | Goldman Sachs Group, Inc.<sup>(c)</sup> | SOFRRATE + 1.075% | 5.7980 | &nbsp;&nbsp;08/10/26 | 1000206 |
| 1000000 | Jefferies Financial Group, Inc. |  | 5.0300 | &nbsp;&nbsp;03/16/26 | 1000907 |
| 1000000 | Morgan Stanley<sup>(c)</sup> | SOFRRATE + 0.720% | 0.9850 | &nbsp;&nbsp;12/10/26 | 986733 |
| 1000000 | Morgan Stanley<sup>(c)</sup> | SOFRRATE + 0.879% | 1.5930 | &nbsp;&nbsp;05/04/27 | 977502 |
|  |  |  |  |  | 3965348 |
|  | **INSURANCE — 1.1%** |  |  |  |  |
| 913000 | Allstate Corporation |  | 0.7500 | &nbsp;&nbsp;12/15/25 | 900540 |
|  | **LEISURE FACILITIES & SERVICES — 2.7%** |  |  |  |  |
| 1177000 | Marriott International, Inc. |  | 3.1250 | &nbsp;&nbsp;06/15/26 | 1163121 |
| 1000000 | Royal Caribbean Cruises Ltd.<sup>(b)</sup> |  | 4.2500 | &nbsp;&nbsp;07/01/26 | 997132 |
|  |  |  |  |  | 2160253 |
|  | **LEISURE PRODUCTS — 1.5%** |  |  |  |  |
| 1230000 | Mattel, Inc.<sup>(b)</sup> |  | 3.3750 | &nbsp;&nbsp;04/01/26 | 1214965 |
|  | **MEDICAL EQUIPMENT & DEVICES — 1.3%** |  |  |  |  |
| 1000000 | GE HealthCare Technologies, Inc. |  | 5.6000 | &nbsp;&nbsp;11/15/25 | 1001773 |

---

---

| |
|:---|
| **NAVIGATOR ULTRA SHORT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 95.8% (Continued)** |  |  |  |  |
|  | **OIL & GAS PRODUCERS — 3.8%** |  |  |  |  |
| 1000000 | Chevron USA, Inc.<sup>(a)</sup> | SOFRINDX + 0.360% | 4.6980 | &nbsp;&nbsp;02/26/27 | $1001899 |
| 1000000 | MPLX, L.P. B |  | 1.7500 | &nbsp;&nbsp;03/01/26 | 983262 |
| 1000000 | Plains All American Pipeline, L.P. / PAA Finance |  | 4.6500 | &nbsp;&nbsp;10/15/25 | 999731 |
|  |  |  |  |  | 2984892 |
|  | **REAL ESTATE INVESTMENT TRUSTS — 4.1%** |  |  |  |  |
| 1000000 | Crown Castle International Corporation |  | 3.7000 | &nbsp;&nbsp;06/15/26 | 991913 |
| 1000000 | Equinix, Inc. |  | 1.4500 | &nbsp;&nbsp;05/15/26 | 974633 |
| 1250000 | Weyerhaeuser Company |  | 4.7500 | &nbsp;&nbsp;05/15/26 | 1251614 |
|  |  |  |  |  | 3218160 |
|  | **RETAIL - CONSUMER STAPLES — 1.9%** |  |  |  |  |
| 1500000 | Walmart, Inc.<sup>(a)</sup> | SOFRINDX + 0.430% | 4.7810 | &nbsp;&nbsp;04/28/27 | 1506490 |
|  | **RETAIL - DISCRETIONARY — 3.7%** |  |  |  |  |
| 1000000 | AutoZone, Inc. |  | 3.1250 | &nbsp;&nbsp;04/21/26 | 989099 |
| 1000000 | Lowe's Companies, Inc. |  | 4.8000 | &nbsp;&nbsp;04/01/26 | 1001087 |
| 1000000 | Ross Stores, Inc. |  | 0.8750 | &nbsp;&nbsp;04/15/26 | 974069 |
|  |  |  |  |  | 2964255 |
|  | **SOFTWARE — 2.7%** |  |  |  |  |
| 1141000 | Fortinet, Inc. |  | 1.0000 | &nbsp;&nbsp;03/15/26 | 1115949 |
| 1000000 | Oracle Corporation |  | 1.6500 | &nbsp;&nbsp;03/25/26 | 981504 |
|  |  |  |  |  | 2097453 |
|  | **SPECIALTY FINANCE — 1.3%** |  |  |  |  |
| 1000000 | American Express Company<sup>(c)</sup> | SOFRRATE + 1.330% | 6.3380 | &nbsp;&nbsp;10/30/26 | 1003986 |
|  | **STEEL — 1.3%** |  |  |  |  |
| 1000000 | Reliance, Inc. |  | 1.3000 | &nbsp;&nbsp;08/15/25 | 998658 |
|  | **TECHNOLOGY HARDWARE — 4.2%** |  |  |  |  |
| 1000000 | Dell International, LLC / EMC Corporation |  | 6.0200 | &nbsp;&nbsp;06/15/26 | 1008600 |
| 1000000 | Jabil, Inc. |  | 1.7000 | &nbsp;&nbsp;04/15/26 | 980246 |
| 1311000 | Juniper Networks, Inc. |  | 1.2000 | &nbsp;&nbsp;12/10/25 | 1293942 |
|  |  |  |  |  | 3282788 |

---

---

| |
|:---|
| **NAVIGATOR ULTRA SHORT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Principal <br> Amount ($)** |  | **Spread** | **Coupon Rate <br> (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 95.8% (Continued)** |  |  |  |  |
|  | **TECHNOLOGY SERVICES — 1.2%** |  |  |  |  |
| 1000000 | Fidelity National Information Services, Inc. |  | 1.1500 | &nbsp;&nbsp;03/01/26 | $980045 |
|  | **TELECOMMUNICATIONS — 3.2%** |  |  |  |  |
| 1500000 | Sprint, LLC |  | 7.6250 | &nbsp;&nbsp;03/01/26 | 1511426 |
| 1000000 | T-Mobile USA, Inc. |  | 1.5000 | &nbsp;&nbsp;02/15/26 | 983795 |
|  |  |  |  |  | 2495221 |
|  | **TOTAL CORPORATE BONDS (Cost $75,657,252)** |  |  |  | 75715111 |
| **Shares** |  |  |  |  |  |
|  | **SHORT-TERM INVESTMENTS — 3.3%** | **SHORT-TERM INVESTMENTS — 3.3%** | **SHORT-TERM INVESTMENTS — 3.3%** | **SHORT-TERM INVESTMENTS — 3.3%** |  |
|  | **MONEY MARKET FUND - 3.3%** | **MONEY MARKET FUND - 3.3%** | **MONEY MARKET FUND - 3.3%** | **MONEY MARKET FUND - 3.3%** |  |
| 2652795 | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $2,652,795)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $2,652,795)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $2,652,795)<sup>(d)</sup> | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class, 4.15% (Cost $2,652,795)<sup>(d)</sup> | 2652795 |
|  | **TOTAL INVESTMENTS - 99.1% (Cost $78,310,047)** | **TOTAL INVESTMENTS - 99.1% (Cost $78,310,047)** | **TOTAL INVESTMENTS - 99.1% (Cost $78,310,047)** | **TOTAL INVESTMENTS - 99.1% (Cost $78,310,047)** | $78367906 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.9%** | 689084 |
|  | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | $79056990 |

---

---

| | |
|:---|:---|
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| LTD | - Limited Company |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| SOFRINDX | Secured Overnight Financing Rate Index |
| SOFRRATE | United States SOFR Secured Overnight Financing Rate |
| US0003M | US Treasury 3 Month Bill Money Market Yield |

---

<sup>(a)</sup> Floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

<sup>(b)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025 the total market value of 144A securities is $7,622,234 or 9.6% of net assets.

<sup>(c)</sup> Variable rate security; the rate shown represents the rate on July 31, 2025.

<sup>(d)</sup> Rate disclosed is the seven-day effective yield as of July 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Lights Fund Trust

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Navigator Tactical Investment Grade Bond Fund

- **b. EDGAR series identifier (if any):** S000070871

- **c. LEI of Series:** 549300EEXJEDBHS2VU06

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1184932391.23

**Total Liabilities:** $1036176.03

**Net Assets:** $1183896215.20

**Cash Not Reported:** $10277136.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 97.18383800 | **1-Year:** 20784.70839700 | **5-Year:** 172746.82628300 | **10-Year:** 277592.76024300 | **30-Year:** 323618.39440800

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

- **3-Month:** 0.00000000 | **1-Year:** 813.91060800 | **5-Year:** 28554.78316000 | **10-Year:** 174.99987100 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225122 | -0.11%               | 2.05%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4.00                    | $-5708501.37                               |
| Month 2  | $15184.15                | $19033915.98                               |
| Month 3  | $-199868.66              | $-4064095.90                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pfizer Inc.                                                                          | PFE 4.4 05/15/44          | CUSIP: 717081DK6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $609026.20    | 0.05%             | 2044-05-15      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 3 3/4 09/01/46        | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $741248.35    | 0.06%             | 2046-09-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4 1/4 06/15/48        | CUSIP: 91324PDL3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    900000 | PA      | $714967.83    | 0.06%             | 2048-06-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Southern Co.                                                                         | SO 5.2 06/15/33           | CUSIP: 842587DR5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610826.83    | 0.05%             | 2033-06-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| CRH America Finance, Inc.                                                            | CRHID 5 1/2 01/09/35      | CUSIP: 12636YAF9<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    800000 | PA      | $818300.25    | 0.07%             | 2035-01-09      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 3 1/2 09/01/30        | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    700000 | PA      | $660003.44    | 0.06%             | 2030-09-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 4.7 02/09/34          | CUSIP: 532457CL0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $797323.88    | 0.07%             | 2034-02-09      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Relx Capital Inc.                                                                    | RELLN 3 05/22/30          | CUSIP: 74949LAD4<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    800000 | PA      | $752040.35    | 0.06%             | 2030-05-22      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 6.675 09/13/43          | CUSIP: 172967HA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $766850.53    | 0.06%             | 2043-09-13      | Fixed         | 6.67%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 5.785 02/25/36       | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1022373.31   | 0.09%             | 2036-02-25      | Fixed         | 5.79%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.1 04/13/62         | CUSIP: 023135CK0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    700000 | PA      | $546855.92    | 0.05%             | 2062-04-13      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.499 01/23/35        | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $922954.70    | 0.08%             | 2035-01-23      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Shell International Finance B.V.                                                     | RDSALN 3 7/8 11/13/28     | CUSIP: 822582CB6<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $990868.09    | 0.08%             | 2028-11-13      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Honeywell International Inc.                                                         | HON 4 1/2 01/15/34        | CUSIP: 438516CM6<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    700000 | PA      | $682240.21    | 0.06%             | 2034-01-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.1 06/01/29         | CUSIP: 161175CQ5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042241.49   | 0.09%             | 2029-06-01      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Pepsico Inc                                                                          | PEP 3.9 07/18/32          | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    800000 | PA      | $771139.03    | 0.07%             | 2032-07-18      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 4.33 03/15/50         | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $829913.76    | 0.07%             | 2050-03-15      | Fixed         | 4.33%                 | No            | 2                  | On Loan: No      |
| Prudential Financial, Inc.                                                           | PRU 3.935 12/07/49        | CUSIP: 744320BA9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $762671.10    | 0.06%             | 2049-12-07      | Fixed         | 3.94%                 | No            | 2                  | On Loan: No      |
| Devon Energy Corporation                                                             | DVN 5.2 09/15/34          | CUSIP: 25179MBG7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    700000 | PA      | $680253.20    | 0.06%             | 2034-09-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 6.087 10/23/29        | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $628482.18    | 0.05%             | 2029-10-23      | Fixed         | 6.09%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5.1 02/12/35          | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $814221.84    | 0.07%             | 2035-02-12      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 4 1/8 06/15/29        | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    800000 | PA      | $784623.86    | 0.07%             | 2029-06-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 2.13 07/08/30      | CUSIP: 86562MCB4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $711656.19    | 0.06%             | 2030-07-08      | Fixed         | 2.13%                 | No            | 2                  | On Loan: No      |
| Jefferies Financial Group Inc                                                        | JEF 6.2 04/14/34          | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045351.22   | 0.09%             | 2034-04-14      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.587 01/18/36         | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    900000 | PA      | $924057.58    | 0.08%             | 2036-01-18      | Fixed         | 5.59%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.561 11/19/45         | CUSIP: 38141GB86<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989409.96    | 0.08%             | 2045-11-19      | Fixed         | 5.56%                 | No            | 2                  | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4.8 03/15/32           | CUSIP: 94106LCD9<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809693.87    | 0.07%             | 2032-03-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.35 02/15/33         | CUSIP: 91324PER9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $717047.56    | 0.06%             | 2033-02-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5 1/8 05/15/32       | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507379.38    | 0.04%             | 2032-05-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Dow Chemical Co. (The)                                                               | DOW 3.6 11/15/50          | CUSIP: 260543DD2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    800000 | PA      | $529147.50    | 0.04%             | 2050-11-15      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.4 10/15/52         | CUSIP: 87264ACT0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $868664.49    | 0.07%             | 2052-10-15      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5 3/4 05/15/63       | CUSIP: 30303M8R6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604054.46    | 0.05%             | 2063-05-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.55 02/06/53        | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $648192.08    | 0.05%             | 2053-02-06      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 2 7/8 12/04/51        | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    800000 | PA      | $503295.70    | 0.04%             | 2051-12-04      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Chubb INA Holdings LLC                                                               | CB 6 05/11/37             | CUSIP: 171232AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $645660.69    | 0.05%             | 2037-05-11      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 3.4 02/04/41           | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $965956.54    | 0.08%             | 2041-02-04      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Conagra Brands Inc                                                                   | CAG 5.3 11/01/38          | CUSIP: 205887CD2<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    700000 | PA      | $659337.03    | 0.06%             | 2038-11-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 4.15 03/01/47        | CUSIP: 375558BK8<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    800000 | PA      | $653058.22    | 0.06%             | 2047-03-01      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 1.65 08/15/28        | CUSIP: 031162DB3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $922919.31    | 0.08%             | 2028-08-15      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Visa Inc                                                                             | V 2.05 04/15/30           | CUSIP: 92826CAM4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $997692.67    | 0.08%             | 2030-04-15      | Fixed         | 2.05%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 1 1/2 02/15/31      | CUSIP: 20030NDN8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $425208.55    | 0.04%             | 2031-02-15      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.4 06/14/46          | CUSIP: 94974BGT1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $657989.30    | 0.06%             | 2046-06-14      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 3 5/8 03/15/32        | CUSIP: 404119CK3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $460458.69    | 0.04%             | 2032-03-15      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| The Toronto-Dominion Bank                                                            | TD 4.456 06/08/32         | CUSIP: 89115A2E1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $882871.88    | 0.07%             | 2032-06-08      | Fixed         | 4.46%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.05 04/15/53         | CUSIP: 91324PEW8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $705064.90    | 0.06%             | 2053-04-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| American Water Capital Corp                                                          | AWK 5 1/4 03/01/35        | CUSIP: 03040WBF1<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    700000 | PA      | $707908.31    | 0.06%             | 2035-03-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Realty Income Corporation                                                            | O 5 1/8 02/15/34          | CUSIP: 756109CG7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809730.15    | 0.07%             | 2034-02-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 5.153 02/04/31         | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $612066.43    | 0.05%             | 2031-02-04      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB 5.414 05/10/29         | CUSIP: 251526CW7<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    500000 | PA      | $515717.77    | 0.04%             | 2029-05-10      | Fixed         | 5.41%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 1 3/8 03/15/31         | CUSIP: 437076CF7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    700000 | PA      | $592580.98    | 0.05%             | 2031-03-15      | Fixed         | 1.38%                 | No            | 2                  | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                   | CM 5.245 01/13/31         | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $817999.82    | 0.07%             | 2031-01-13      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Stryker Corporation                                                                  | SYK 5.2 02/10/35          | CUSIP: 863667BM2<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508329.65    | 0.04%             | 2035-02-10      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | PFE 4 3/4 05/19/33        | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1300000 | PA      | $1294330.60   | 0.11%             | 2033-05-19      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 5.85 10/21/33         | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $734263.66    | 0.06%             | 2033-10-21      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| John Deere Capital Corp.                                                             | DE 4.85 06/11/29          | CUSIP: 24422EXT1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611991.98    | 0.05%             | 2029-06-11      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 6.627 11/01/34         | CUSIP: 61747YFJ9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    900000 | PA      | $993278.46    | 0.08%             | 2034-11-01      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| Healthpeak Properties Inc                                                            | PEAK 5 1/4 12/15/32       | CUSIP: 42250PAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $609891.88    | 0.05%             | 2032-12-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                                                    | NWG 5.076 01/27/30        | CUSIP: 78009PEH0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $709651.14    | 0.06%             | 2030-01-27      | Fixed         | 5.08%                 | No            | 2                  | On Loan: No      |
| Citizens Financial Group Inc                                                         | CFG 5.841 01/23/30        | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413035.23    | 0.03%             | 2030-01-23      | Fixed         | 5.84%                 | No            | 2                  | On Loan: No      |
| Fiserv Inc.                                                                          | FI 5.6 03/02/33           | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    600000 | PA      | $616866.72    | 0.05%             | 2033-03-02      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.288 04/25/34        | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1630682.53   | 0.14%             | 2034-04-25      | Fixed         | 5.29%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6 1/2 04/15/38       | CUSIP: 68389XAE5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $646626.40    | 0.05%             | 2038-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 6 1/8 03/08/34          | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    800000 | PA      | $780654.66    | 0.07%             | 2034-03-08      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.65 08/15/62        | CUSIP: 30303M8K1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $504187.84    | 0.04%             | 2062-08-15      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| National Grid PLC                                                                    | NGGLN 5.418 01/11/34      | CUSIP: 636274AF9<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $611455.83    | 0.05%             | 2034-01-11      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 5.15 02/01/34          | CUSIP: 78016HZW3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $716841.08    | 0.06%             | 2034-02-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 4 3/4 01/23/29      | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    900000 | PA      | $913437.75    | 0.08%             | 2029-01-23      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Workday Inc                                                                          | WDAY 3.8 04/01/32         | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    600000 | PA      | $563933.03    | 0.05%             | 2032-04-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 2.6 06/01/50           | CUSIP: 191216CX6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $617131.79    | 0.05%             | 2050-06-01      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 6.037 10/28/33        | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    600000 | PA      | $638103.72    | 0.05%             | 2033-10-28      | Fixed         | 6.04%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5 1/2 02/23/54         | CUSIP: 92343VGW8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    600000 | PA      | $577826.32    | 0.05%             | 2054-02-23      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.45 02/15/34      | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706164.10    | 0.06%             | 2034-02-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Salesforce Inc.                                                                      | CRM 1.95 07/15/31         | CUSIP: 79466LAJ3<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    700000 | PA      | $611585.17    | 0.05%             | 2031-07-15      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | PAA 3.8 09/15/30          | CUSIP: 72650RBN1<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476738.11    | 0.04%             | 2030-09-15      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Ford Motor Company                                                                   | F 3 1/4 02/12/32          | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $848423.74    | 0.07%             | 2032-02-12      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 4 3/8 05/13/45       | CUSIP: 037833BH2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    800000 | PA      | $705269.13    | 0.06%             | 2045-05-13      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 2.357 08/18/31       | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $623234.17    | 0.05%             | 2031-08-18      | Fixed         | 2.36%                 | No            | 2                  | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 6 1/8 05/15/55       | CUSIP: 87612GAN1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489062.47    | 0.04%             | 2055-05-15      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 6 1/2 10/01/53        | CUSIP: 210385AE0<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    600000 | PA      | $649933.38    | 0.05%             | 2053-10-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 4.9 04/28/35          | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    900000 | PA      | $907643.95    | 0.08%             | 2035-04-28      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Northrop Grumman Corporation                                                         | NOC 4.4 05/01/30          | CUSIP: 666807BS0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698994.09    | 0.06%             | 2030-05-01      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| American Honda Finance Corporation                                                   | HNDA 5.65 11/15/28        | CUSIP: 02665WEV9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    800000 | PA      | $827790.29    | 0.07%             | 2028-11-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 6.858 05/01/54         | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    800000 | PA      | $880855.54    | 0.07%             | 2054-05-01      | Fixed         | 6.86%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.469 04/15/34       | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $889522.14    | 0.08%             | 2034-04-15      | Fixed         | 3.47%                 | Yes           | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 6.4 01/09/33           | CUSIP: 37045XED4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $526635.78    | 0.04%             | 2033-01-09      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corp.                                                               | TFC 5.711 01/24/35        | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035210.32   | 0.09%             | 2035-01-24      | Fixed         | 5.71%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 4 1/2 09/09/52        | CUSIP: 931142EZ2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    900000 | PA      | $783504.88    | 0.07%             | 2052-09-09      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| General Motors Company                                                               | GM 6.6 04/01/36           | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    800000 | PA      | $845186.85    | 0.07%             | 2036-04-01      | Fixed         | 6.60%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.85 04/01/60        | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1081235.06   | 0.09%             | 2060-04-01      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.013 04/04/51        | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1452793.12   | 0.12%             | 2051-04-04      | Fixed         | 5.01%                 | No            | 2                  | On Loan: No      |
| Kenvue Inc.                                                                          | KVUE 4.9 03/22/33         | CUSIP: 49177JAK8<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    600000 | PA      | $607290.29    | 0.05%             | 2033-03-22      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corp.                                                               | TFC 7.161 10/30/29        | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    800000 | PA      | $863504.01    | 0.07%             | 2029-10-30      | Fixed         | 7.16%                 | No            | 2                  | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 3 1/8 03/24/31       | CUSIP: 25278XAR0<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    800000 | PA      | $732092.90    | 0.06%             | 2031-03-24      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5.55 04/01/35        | CUSIP: 25278XBC2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    900000 | PA      | $906748.40    | 0.08%             | 2035-04-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 3.974 02/07/30        | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    700000 | PA      | $688639.94    | 0.06%             | 2030-02-07      | Fixed         | 3.97%                 | No            | 2                  | On Loan: No      |
| Motorola Solutions Inc                                                               | MSI 4.6 05/23/29          | CUSIP: 620076BN8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501613.49    | 0.04%             | 2029-05-23      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Pepsico Inc                                                                          | PEP 5 02/07/35            | CUSIP: 713448GC6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606105.55    | 0.05%             | 2035-02-07      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 5.068 01/24/34        | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    700000 | PA      | $702436.36    | 0.06%             | 2034-01-24      | Fixed         | 5.07%                 | No            | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 3.8 03/15/32        | CUSIP: 775109CH2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $559555.61    | 0.05%             | 2032-03-15      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.042 07/19/30         | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305240.63    | 0.03%             | 2030-07-19      | Fixed         | 5.04%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 3 1/4 11/15/49       | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $674008.65    | 0.06%             | 2049-11-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 5.95 04/04/34          | CUSIP: 37045XEV4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508528.50    | 0.04%             | 2034-04-04      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 2 3/8 03/15/31         | CUSIP: 125523CM0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    800000 | PA      | $709540.06    | 0.06%             | 2031-03-15      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 6.528 05/01/34         | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1197691.30   | 0.10%             | 2034-05-01      | Fixed         | 6.53%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.534 11/29/45        | CUSIP: 46647PES1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1103055.86   | 0.09%             | 2045-11-29      | Fixed         | 5.53%                 | No            | 2                  | On Loan: No      |
| Stanley Black & Decker, Inc.                                                         | SWK 2.3 03/15/30          | CUSIP: 854502AL5<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    800000 | PA      | $714784.84    | 0.06%             | 2030-03-15      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| John Deere Capital Corp.                                                             | DE 4.4 09/08/31           | CUSIP: 24422EXX2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696823.97    | 0.06%             | 2031-09-08      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 3.8 03/15/30           | CUSIP: 38141GXH2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1265012.75   | 0.11%             | 2030-03-15      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| The Toronto-Dominion Bank                                                            | TD 5.298 01/30/32         | CUSIP: 89115A3G5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $513286.96    | 0.04%             | 2032-01-30      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | BNSF 4.45 03/15/43        | CUSIP: 12189LAN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1050419.51   | 0.09%             | 2043-03-15      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Sysco Corporation                                                                    | SYY 3.15 12/14/51         | CUSIP: 871829BR7<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $639837.92    | 0.05%             | 2051-12-14      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| Starbucks Corp.                                                                      | SBUX 3 1/2 11/15/50       | CUSIP: 855244BA6<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $691165.08    | 0.06%             | 2050-11-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 6.254 10/23/34        | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1085696.57   | 0.09%             | 2034-10-23      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Roper Technologies Inc                                                               | ROP 4.2 09/15/28          | CUSIP: 776743AF3<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1190876.16   | 0.10%             | 2028-09-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 3.436 02/24/43         | CUSIP: 38141GZN7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $762626.11    | 0.06%             | 2043-02-24      | Fixed         | 3.44%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.7 04/01/51         | CUSIP: 161175BV5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $776423.41    | 0.07%             | 2051-04-01      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.8 03/01/50         | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1086613.05   | 0.09%             | 2050-03-01      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 3 05/15/32         | CUSIP: 46590XAP1<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $874002.70    | 0.07%             | 2032-05-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.05 07/12/29        | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510412.00    | 0.04%             | 2029-07-12      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5 1/4 03/02/33       | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1530513.02   | 0.13%             | 2033-03-02      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Citibank, N.A.                                                                       | C 5.57 04/30/34           | CUSIP: 17325FBG2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $936242.31    | 0.08%             | 2034-04-30      | Fixed         | 5.57%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 2.239 07/21/32         | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $953462.84    | 0.08%             | 2032-07-21      | Fixed         | 2.24%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 5.558 07/09/34     | CUSIP: 86562MDP2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $517996.47    | 0.04%             | 2034-07-09      | Fixed         | 5.56%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 3 02/24/50           | CUSIP: 10373QBG4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    700000 | PA      | $447250.56    | 0.04%             | 2050-02-24      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4 1/2 05/14/35       | CUSIP: 00287YAR0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $769010.30    | 0.06%             | 2035-05-14      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Stryker Corporation                                                                  | SYK 4 5/8 03/15/46        | CUSIP: 863667AJ0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    700000 | PA      | $618360.75    | 0.05%             | 2046-03-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.502 01/24/36        | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $923697.68    | 0.08%             | 2036-01-24      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co /JBS USA Foods Group Holdings Inc.      | JBSSBZ 5.95 04/20/35      | CUSIP: 472140AA0<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    900000 | PA      | $930185.45    | 0.08%             | 2035-04-20      | Fixed         | 5.95%                 | Yes           | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 5.401 07/23/35        | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610692.20    | 0.05%             | 2035-07-23      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Pepsico Inc                                                                          | PEP 2 3/4 03/19/30        | CUSIP: 713448ES3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    700000 | PA      | $653611.77    | 0.06%             | 2030-03-19      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Nomura Holdings Inc.                                                                 | NOMURA 2.679 07/16/30     | CUSIP: 65535HAS8<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1100000 | PA      | $994504.94    | 0.08%             | 2030-07-16      | Fixed         | 2.68%                 | No            | 2                  | On Loan: No      |
| Dow Chemical Co. (The)                                                               | DOW 6.9 05/15/53          | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523921.97    | 0.04%             | 2053-05-15      | Fixed         | 6.90%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5 3/4 08/15/34        | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512764.30    | 0.04%             | 2034-08-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4 1/4 01/15/29        | CUSIP: 91324PEU2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $795186.17    | 0.07%             | 2029-01-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 6.05 02/15/63         | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500234.05    | 0.04%             | 2063-02-15      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5 3/8 05/01/47       | CUSIP: 161175BL7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1018594.33   | 0.09%             | 2047-05-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.218 04/23/31         | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1227123.82   | 0.10%             | 2031-04-23      | Fixed         | 5.22%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 4 3/8 01/22/47         | CUSIP: 61746BEG7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $683234.47    | 0.06%             | 2047-01-22      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| LYB International Finance III LLC                                                    | LYB 4.2 05/01/50          | CUSIP: 50249AAD5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $729415.42    | 0.06%             | 2050-05-01      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5 1/4 03/14/44       | CUSIP: 404280AQ2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $567507.89    | 0.05%             | 2044-03-14      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 5.4 02/01/34          | CUSIP: 494553AE0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606406.06    | 0.05%             | 2034-02-01      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| TotalEnergies Capital International S.A.                                             | TTEFP 3.127 05/29/50      | CUSIP: 89153VAV1<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |   1600000 | PA      | $1058249.74   | 0.09%             | 2050-05-29      | Fixed         | 3.13%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.897 07/25/33        | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1399477.59   | 0.12%             | 2033-07-25      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.3 02/15/51         | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $863521.43    | 0.07%             | 2051-02-15      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.2 04/15/32         | CUSIP: 11135FCG4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    700000 | PA      | $717409.67    | 0.06%             | 2032-04-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 1.6 08/12/28         | CUSIP: 458140BT6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    600000 | PA      | $550189.49    | 0.05%             | 2028-08-12      | Fixed         | 1.60%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 5.197 01/16/31       | CUSIP: 606822DG6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $613129.52    | 0.05%             | 2031-01-16      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 3.2 05/01/30          | CUSIP: 49271VAJ9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $750965.42    | 0.06%             | 2030-05-01      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 5 1/2 11/15/32      | CUSIP: 20030NEB3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104377.13    | 0.01%             | 2032-11-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Santander Holdings USA Inc.                                                          | SANUSA 5.353 09/06/30     | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611142.02    | 0.05%             | 2030-09-06      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 5 7/8 12/16/36         | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $961747.56    | 0.08%             | 2036-12-16      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 5.367 02/25/31       | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $817420.06    | 0.07%             | 2031-02-25      | Fixed         | 5.37%                 | No            | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 6.15 09/30/30         | CUSIP: 00774MBE4<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $637957.34    | 0.05%             | 2030-09-30      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.55 02/15/31        | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $982806.35    | 0.08%             | 2031-02-15      | Fixed         | 2.55%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 3.4 03/15/51           | CUSIP: 125523CQ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $666957.35    | 0.06%             | 2051-03-15      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| MetLife Inc.                                                                         | MET 4 7/8 11/13/43        | CUSIP: 59156RBG2<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $913958.24    | 0.08%             | 2043-11-13      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 4.15 05/15/45         | CUSIP: 913017CA5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    900000 | PA      | $735707.68    | 0.06%             | 2045-05-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 4.05 09/11/28        | CUSIP: 606822BC7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $693873.90    | 0.06%             | 2028-09-11      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| Halliburton Company                                                                  | HAL 4.85 11/15/35         | CUSIP: 406216BJ9<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480898.77    | 0.04%             | 2035-11-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.9 11/15/33          | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $527410.60    | 0.04%             | 2033-11-15      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 5.384 01/23/30        | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    800000 | PA      | $821847.80    | 0.07%             | 2030-01-23      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp.                                                                      | MSFT 2.525 06/01/50       | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1848928.14   | 0.16%             | 2050-06-01      | Fixed         | 2.52%                 | No            | 2                  | On Loan: No      |
| General Motors Company                                                               | GM 6 1/4 10/02/43         | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    700000 | PA      | $693694.95    | 0.06%             | 2043-10-02      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5 5/8 07/15/54        | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $573942.62    | 0.05%             | 2054-07-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Amcor Flexibles North America Inc                                                    | AMCR 5 1/2 03/17/35       | CUSIP: 02344AAE8<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610999.55    | 0.05%             | 2035-03-17      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                               | BRK 2.85 10/15/50         | CUSIP: 084664CV1<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $636857.25    | 0.05%             | 2050-10-15      | Fixed         | 2.85%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 4.4 07/27/32          | CUSIP: 459200KU4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $588801.47    | 0.05%             | 2032-07-27      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.522 04/22/31        | CUSIP: 46647PBL9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1188187.26   | 0.10%             | 2031-04-22      | Fixed         | 2.52%                 | No            | 2                  | On Loan: No      |
| Conagra Brands Inc                                                                   | CAG 4.85 11/01/28         | CUSIP: 205887CC4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    900000 | PA      | $903626.39    | 0.08%             | 2028-11-01      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 3 1/8 12/15/49         | CUSIP: 437076BZ4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $604063.67    | 0.05%             | 2049-12-15      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 2 3/4 09/01/49        | CUSIP: 254687FM3<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $688701.64    | 0.06%             | 2049-09-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4 3/4 07/15/45        | CUSIP: 91324PCR1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    900000 | PA      | $785992.73    | 0.07%             | 2045-07-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3.35 08/08/32        | CUSIP: 037833EP1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    700000 | PA      | $657632.56    | 0.06%             | 2032-08-08      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 6.254 03/09/34       | CUSIP: 404280DV8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $964132.48    | 0.08%             | 2034-03-09      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.4 01/06/42          | CUSIP: 48126BAA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698957.67    | 0.06%             | 2042-01-06      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 6.421 08/02/33     | CUSIP: 054989AB4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $542442.67    | 0.05%             | 2033-08-02      | Fixed         | 6.42%                 | No            | 2                  | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2.15 07/15/30        | CUSIP: 29444UBH8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $711837.63    | 0.06%             | 2030-07-15      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 5.582 06/12/29        | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1031033.50   | 0.09%             | 2029-06-12      | Fixed         | 5.58%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.95 03/25/51        | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $945250.40    | 0.08%             | 2051-03-25      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 6.607 11/07/28     | CUSIP: 05964HAY1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $850097.12    | 0.07%             | 2028-11-07      | Fixed         | 6.61%                 | No            | 2                  | On Loan: No      |
| Shell International Finance B.V.                                                     | RDSALN 5 1/2 03/25/40     | CUSIP: 822582AN2<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $706448.66    | 0.06%             | 2040-03-25      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.173 01/16/30         | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408145.36    | 0.03%             | 2030-01-16      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| Mizuho Financial Group Inc.                                                          | MIZUHO 1.979 09/08/31     | CUSIP: 60687YBL2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $698960.09    | 0.06%             | 2031-09-08      | Fixed         | 1.98%                 | No            | 2                  | On Loan: No      |
| Aptiv PLC / Aptiv Corp                                                               | APTV 4.15 05/01/52        | CUSIP: 00217GAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    800000 | PA      | $577084.45    | 0.05%             | 2052-05-01      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 5.15 05/01/30          | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1524657.51   | 0.13%             | 2030-05-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 3.839 03/20/60        | CUSIP: 907818FG8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $789696.74    | 0.07%             | 2060-03-20      | Fixed         | 3.84%                 | No            | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 4.95 09/10/34         | CUSIP: 00774MBM6<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    900000 | PA      | $878251.04    | 0.07%             | 2034-09-10      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 2.615 04/22/32         | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1246825.66   | 0.11%             | 2032-04-22      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 5.93 05/01/60          | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1340220.11   | 0.11%             | 2060-05-01      | Fixed         | 5.93%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 5.834 02/20/31     | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523760.68    | 0.04%             | 2031-02-20      | Fixed         | 5.83%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4 3/4 05/15/52        | CUSIP: 91324PEK4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $673848.86    | 0.06%             | 2052-05-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 4 7/8 03/14/30      | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $812261.68    | 0.07%             | 2030-03-14      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| The Kroger Co.                                                                       | KR 5.65 09/15/64          | CUSIP: 501044DX6<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    600000 | PA      | $566945.02    | 0.05%             | 2064-09-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 5 1/2 04/15/37        | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599279.29    | 0.05%             | 2037-04-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 5 3/4 06/06/28        | CUSIP: 00774MBC8<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $206114.17    | 0.02%             | 2028-06-06      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 3.2 02/15/52          | CUSIP: 29379VCA9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    800000 | PA      | $523993.78    | 0.04%             | 2052-02-15      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.55 12/01/33          | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $648402.76    | 0.05%             | 2033-12-01      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| AstraZeneca PLC                                                                      | AZN 4 3/8 11/16/45        | CUSIP: 046353AM0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $873038.26    | 0.07%             | 2045-11-16      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 4.431 01/23/30         | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $697839.28    | 0.06%             | 2030-01-23      | Fixed         | 4.43%                 | No            | 2                  | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 6 3/8 05/15/29       | CUSIP: 64110LAX4<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    400000 | PA      | $428735.24    | 0.04%             | 2029-05-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4.412 03/31/31          | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1285016.82   | 0.11%             | 2031-03-31      | Fixed         | 4.41%                 | No            | 2                  | On Loan: No      |
| Bank of Montreal                                                                     | BMO 5.717 09/25/28        | CUSIP: 06368LWU6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $519151.30    | 0.04%             | 2028-09-25      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 2.7 04/15/30           | CUSIP: 437076CB6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    700000 | PA      | $651679.45    | 0.06%             | 2030-04-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 2.8 01/31/30          | CUSIP: 29379VBX0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $653788.64    | 0.06%             | 2030-01-31      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Quest Diagnostics Incorporated                                                       | DGX 6.4 11/30/33          | CUSIP: 74834LBD1<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $547268.86    | 0.05%             | 2033-11-30      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 5.85 04/06/30          | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516699.79    | 0.04%             | 2030-04-06      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 6.343 08/02/30     | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $536137.60    | 0.05%             | 2030-08-02      | Fixed         | 6.34%                 | No            | 2                  | On Loan: No      |
| Novartis Capital Corporation                                                         | NOVNVX 2 3/4 08/14/50     | CUSIP: 66989HAS7<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $629741.10    | 0.05%             | 2050-08-14      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Public Service Company of Colorado                                                   | XEL 5.35 05/15/34         | CUSIP: 744448CZ2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    700000 | PA      | $710580.86    | 0.06%             | 2034-05-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Abbott Laboratories                                                                  | ABT 4.9 11/30/46          | CUSIP: 002824BH2<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1028320.94   | 0.09%             | 2046-11-30      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 4.95 06/15/52         | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $538668.60    | 0.05%             | 2052-06-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| CDW LLC / CDW Finance Corp                                                           | CDW 3.569 12/01/31        | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $461019.20    | 0.04%             | 2031-12-01      | Fixed         | 3.57%                 | No            | 2                  | On Loan: No      |
| The Sherwin-Williams Company                                                         | SHW 4 1/2 06/01/47        | CUSIP: 824348AX4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    800000 | PA      | $669477.35    | 0.06%             | 2047-06-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Accenture Capital Inc.                                                               | ACN 4 1/2 10/04/34        | CUSIP: 00440KAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $678421.20    | 0.06%             | 2034-10-04      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| TotalEnergies Capital S.A.                                                           | TTEFP 5.488 04/05/54      | CUSIP: 89157XAB7<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $863521.48    | 0.07%             | 2054-04-05      | Fixed         | 5.49%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 3 7/8 08/21/42         | CUSIP: 718172AU3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $970335.58    | 0.08%             | 2042-08-21      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Salesforce Inc.                                                                      | CRM 2.7 07/15/41          | CUSIP: 79466LAK0<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    800000 | PA      | $573138.66    | 0.05%             | 2041-07-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Pepsico Inc                                                                          | PEP 1 5/8 05/01/30        | CUSIP: 713448EZ7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    800000 | PA      | $708967.60    | 0.06%             | 2030-05-01      | Fixed         | 1.62%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 3.9 12/06/28           | CUSIP: 437076BW1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    800000 | PA      | $795139.25    | 0.07%             | 2028-12-06      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Molson Coors Beverage Company                                                        | TAP 4.2 07/15/46          | CUSIP: 60871RAH3<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $794135.03    | 0.07%             | 2046-07-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 4 1/2 04/15/50       | CUSIP: 87264AAZ8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1069421.99   | 0.09%             | 2050-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 4.3 06/15/43          | CUSIP: 717081DE0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    600000 | PA      | $514595.79    | 0.04%             | 2043-06-15      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 2.45 11/15/31         | CUSIP: 744573AU0<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    800000 | PA      | $700676.67    | 0.06%             | 2031-11-15      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 5.424 02/12/36        | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509113.32    | 0.04%             | 2036-02-12      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| Duke Energy Carolinas  LLC                                                           | DUK 4.95 01/15/33         | CUSIP: 26442CBJ2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    800000 | PA      | $811844.22    | 0.07%             | 2033-01-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Gallagher Aj &Co                                                                     | AJG 5.15 02/15/35         | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696418.78    | 0.06%             | 2035-02-15      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.15 05/22/45          | CUSIP: 38148LAF3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $632709.45    | 0.05%             | 2045-05-22      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5 1/4 04/21/34         | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016543.39   | 0.09%             | 2034-04-21      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 3.95 04/13/52        | CUSIP: 023135CJ3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    900000 | PA      | $707779.59    | 0.06%             | 2052-04-13      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| AstraZeneca PLC                                                                      | AZN 6.45 09/15/37         | CUSIP: 046353AD0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $1005363.60   | 0.08%             | 2037-09-15      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 2.887 11/01/51      | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1806833.01   | 0.15%             | 2051-11-01      | Fixed         | 2.89%                 | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 7 1/2 05/01/31        | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    400000 | PA      | $440149.20    | 0.04%             | 2031-05-01      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| NVIDIA Corp.                                                                         | NVDA 3 1/2 04/01/50       | CUSIP: 67066GAH7<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $750029.02    | 0.06%             | 2050-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 3 5/8 03/03/37        | CUSIP: 478160CF9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $886326.34    | 0.07%             | 2037-03-03      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 2.52 11/03/32           | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $611152.05    | 0.05%             | 2032-11-03      | Fixed         | 2.52%                 | No            | 2                  | On Loan: No      |
| Cheniere Corpus Christi Holdings, LLC                                                | CHCOCH 3.7 11/15/29       | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    600000 | PA      | $576945.39    | 0.05%             | 2029-11-15      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 3.45 03/25/30          | CUSIP: 191216CT5<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482667.02    | 0.04%             | 2030-03-25      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5.6 02/12/65          | CUSIP: 532457CZ9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601851.97    | 0.05%             | 2065-02-12      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 3 10/15/50            | CUSIP: 548661DZ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $745569.78    | 0.06%             | 2050-10-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Unilever Capital Corporation                                                         | UNANA 5 12/08/33          | CUSIP: 904764BT3<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    700000 | PA      | $716369.20    | 0.06%             | 2033-12-08      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 4 3/4 03/01/46       | CUSIP: 375558BD4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    800000 | PA      | $713930.45    | 0.06%             | 2046-03-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 2.939 06/04/51       | CUSIP: 10373QBP4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    900000 | PA      | $559413.54    | 0.05%             | 2051-06-04      | Fixed         | 2.94%                 | No            | 2                  | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 4.7 12/09/35          | CUSIP: 58013MEZ3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    700000 | PA      | $680999.94    | 0.06%             | 2035-12-09      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 3 10/29/28            | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    900000 | PA      | $856570.82    | 0.07%             | 2028-10-29      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4 3/4 08/15/34       | CUSIP: 30303M8U9<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698223.56    | 0.06%             | 2034-08-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| General Motors Company                                                               | GM 5 10/01/28             | CUSIP: 37045VAS9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    600000 | PA      | $605122.04    | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.328 04/22/52        | CUSIP: 46647PCE4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $767237.98    | 0.06%             | 2052-04-22      | Fixed         | 3.33%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 2 08/12/31           | CUSIP: 458140BU3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    700000 | PA      | $595414.41    | 0.05%             | 2031-08-12      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 3 1/2 07/15/51        | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    700000 | PA      | $461152.15    | 0.04%             | 2051-07-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Cummins Inc.                                                                         | CMI 5.45 02/20/54         | CUSIP: 231021AX4<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485156.93    | 0.04%             | 2054-02-20      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.963 01/25/33        | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $718926.90    | 0.06%             | 2033-01-25      | Fixed         | 2.96%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 4.1 05/19/46         | CUSIP: 458140AV2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    900000 | PA      | $658533.34    | 0.06%             | 2046-05-19      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 4 7/8 12/09/45        | CUSIP: 58013MFA7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    700000 | PA      | $629980.32    | 0.05%             | 2045-12-09      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.6 07/15/41          | CUSIP: 46625HJB7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $717367.79    | 0.06%             | 2041-07-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 6.27 11/17/33           | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1077682.37   | 0.09%             | 2033-11-17      | Fixed         | 6.27%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 5.836 07/09/44     | CUSIP: 86562MDQ0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $707889.06    | 0.06%             | 2044-07-09      | Fixed         | 5.84%                 | No            | 2                  | On Loan: No      |
| Cardinal Health, Inc.                                                                | CAH 5.35 11/15/34         | CUSIP: 14149YBS6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506137.26    | 0.04%             | 2034-11-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Broadridge Financial Solutions Inc.                                                  | BR 2.6 05/01/31           | CUSIP: 11133TAE3<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |    600000 | PA      | $531754.31    | 0.04%             | 2031-05-01      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.95 05/15/33        | CUSIP: 30303M8N5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509600.43    | 0.04%             | 2033-05-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.33 07/23/35          | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1111438.50   | 0.09%             | 2035-07-23      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| Suncor Energy Inc.                                                                   | SUCN 6.85 06/01/39        | CUSIP: 86722TAB8<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $540474.40    | 0.05%             | 2039-06-01      | Fixed         | 6.85%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 2.976 11/05/30          | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    600000 | PA      | $560457.93    | 0.05%             | 2030-11-05      | Fixed         | 2.98%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.95 06/01/45         | CUSIP: 46625HLL2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $818922.74    | 0.07%             | 2045-06-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| HP Inc                                                                               | HPQ 2.65 06/17/31         | CUSIP: 40434LAJ4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    800000 | PA      | $707556.43    | 0.06%             | 2031-06-17      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Autodesk Inc                                                                         | ADSK 2.4 12/15/31         | CUSIP: 052769AH9<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $437011.25    | 0.04%             | 2031-12-15      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 1/4 01/30/31        | CUSIP: 126650DX5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611809.84    | 0.05%             | 2031-01-30      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| VMware LLC                                                                           | VMW 4.7 05/15/30          | CUSIP: 928563AF2<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500509.14    | 0.04%             | 2030-05-15      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Caterpillar Inc                                                                      | CAT 3 1/4 09/19/49        | CUSIP: 149123CF6<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    900000 | PA      | $628804.55    | 0.05%             | 2049-09-19      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Wyeth LLC                                                                            | PFE 5.95 04/01/37         | CUSIP: 983024AN0<br>LEI: 549300Q9GR3WRH4N4836 | Long             | DBT              | CORP              | US        |    900000 | PA      | $956157.55    | 0.08%             | 2037-04-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 5 1/8 02/10/30       | CUSIP: 458140CF5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507383.86    | 0.04%             | 2030-02-10      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Air Lease Corporation                                                                | AL 2 7/8 01/15/32         | CUSIP: 00914AAS1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    900000 | PA      | $798154.19    | 0.07%             | 2032-01-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| QUALCOMM Inc.                                                                        | QCOM 1.65 05/20/32        | CUSIP: 747525BP7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    900000 | PA      | $748672.84    | 0.06%             | 2032-05-20      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| L3 Harris Technologies Inc                                                           | LHX 4.4 06/15/28          | CUSIP: 502431AM1<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899606.48    | 0.08%             | 2028-06-15      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| NXP B V / NXP Funding LLC & NXP USA Inc                                              | NXPI 3.4 05/01/30         | CUSIP: 62954HAY4<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $756736.37    | 0.06%             | 2030-05-01      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.58 04/22/32         | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $803618.86    | 0.07%             | 2032-04-22      | Fixed         | 2.58%                 | No            | 2                  | On Loan: No      |
| Nasdaq Inc                                                                           | NDAQ 5.95 08/15/53        | CUSIP: 63111XAK7<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    700000 | PA      | $712813.36    | 0.06%             | 2053-08-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Laboratory Corporation of America Holdings                                           | LH 4.8 10/01/34           | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    800000 | PA      | $778337.42    | 0.07%             | 2034-10-01      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Canadian National Railway Company                                                    | CNRCN 3.85 08/05/32       | CUSIP: 136375DC3<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $568701.84    | 0.05%             | 2032-08-05      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| British Telecommunications PLC                                                       | BRITEL 9 5/8 12/15/30     | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $977929.39    | 0.08%             | 2030-12-15      | Fixed         | 9.62%                 | No            | 2                  | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 5.6 03/15/35          | CUSIP: 969457CP3<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $818157.06    | 0.07%             | 2035-03-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4 3/4 12/07/46        | CUSIP: 94974BGU8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    700000 | PA      | $605822.58    | 0.05%             | 2046-12-07      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.1 01/15/29          | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    700000 | PA      | $724194.00    | 0.06%             | 2029-01-15      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 2 1/2 09/22/41        | CUSIP: 931142EU3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $703051.75    | 0.06%             | 2041-09-22      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Kenvue Inc.                                                                          | KVUE 5 03/22/30           | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512436.97    | 0.04%             | 2030-03-22      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.7 05/14/45         | CUSIP: 00287YAS8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $983289.25    | 0.08%             | 2045-05-14      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Orange S.A.                                                                          | ORAFP 8 1/2 03/01/31      | CUSIP: 35177PAL1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1327696.60   | 0.11%             | 2031-03-01      | Fixed         | 9.00%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 2.572 02/11/31        | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $825568.60    | 0.07%             | 2031-02-11      | Fixed         | 2.57%                 | No            | 2                  | On Loan: No      |
| Ventas Realty Limited Partnership                                                    | VTR 4.4 01/15/29          | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497327.07    | 0.04%             | 2029-01-15      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5 1/4 02/03/32       | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408323.22    | 0.03%             | 2032-02-03      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Bank of Nova Scotia                                                                  | BNS 4.85 02/01/30         | CUSIP: 06417XAP6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $507364.23    | 0.04%             | 2030-02-01      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Fiserv Inc.                                                                          | FI 3 1/2 07/01/29         | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1055686.39   | 0.09%             | 2029-07-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 2.726 03/25/31     | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $449194.15    | 0.04%             | 2031-03-25      | Fixed         | 2.73%                 | No            | 2                  | On Loan: No      |
| Centene Corp.                                                                        | CNC 2 1/2 03/01/31        | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    600000 | PA      | $503852.88    | 0.04%             | 2031-03-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 3 7/8 09/16/46         | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $884171.88    | 0.07%             | 2046-09-16      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.419 04/15/33       | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    700000 | PA      | $633477.11    | 0.05%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 1 3/4 01/20/31         | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1377421.73   | 0.12%             | 2031-01-20      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 2.572 06/03/31          | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1269866.56   | 0.11%             | 2031-06-03      | Fixed         | 2.57%                 | No            | 2                  | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 3.8 03/15/52          | CUSIP: 20826FAV8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    700000 | PA      | $507414.01    | 0.04%             | 2052-03-15      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp.                                                                      | MSFT 3.041 03/17/62       | CUSIP: 594918CF9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1270251.56   | 0.11%             | 2062-03-17      | Fixed         | 3.04%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 7.008 05/01/64         | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    600000 | PA      | $664069.90    | 0.06%             | 2064-05-01      | Fixed         | 7.01%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 2 1/4 07/01/30        | CUSIP: 75513EAD3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    700000 | PA      | $630756.41    | 0.05%             | 2030-07-01      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Ingersoll Rand Inc                                                                   | IR 5.176 06/15/29         | CUSIP: 45687VAD8<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1125961.33   | 0.10%             | 2029-06-15      | Fixed         | 5.18%                 | No            | 2                  | On Loan: No      |
| The Procter & Gamble Co.                                                             | PG 4.05 01/26/33          | CUSIP: 742718GA1<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393190.08    | 0.03%             | 2033-01-26      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 4 1/8 11/16/28        | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1191799.09   | 0.10%             | 2028-11-16      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| General Motors Company                                                               | GM 5.95 04/01/49          | CUSIP: 37045VAT7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567521.26    | 0.05%             | 2049-04-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.964 11/15/48        | CUSIP: 46647PAL0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $955733.34    | 0.08%             | 2048-11-15      | Fixed         | 3.96%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.8 10/15/34         | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589351.38    | 0.05%             | 2034-10-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Southern Co.                                                                         | SO 4 01/15/51             | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2988591.30   | 0.25%             | 2051-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 4.6 03/15/33          | CUSIP: 45866FAW4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $596658.60    | 0.05%             | 2033-03-15      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 5.565 01/17/30     | CUSIP: 05964HBJ3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $827578.72    | 0.07%             | 2030-01-17      | Fixed         | 5.57%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 2.879 10/30/30        | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $934291.78    | 0.08%             | 2030-10-30      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Shell International Finance B.V.                                                     | RDSALN 6 3/8 12/15/38     | CUSIP: 822582AD4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1104793.26   | 0.09%             | 2038-12-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 2.8 02/14/32          | CUSIP: 907818FX1<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $539642.30    | 0.05%             | 2032-02-14      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 3.4 08/01/51        | CUSIP: 29250NBE4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $529468.02    | 0.04%             | 2051-08-01      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 5.086 08/10/33        | CUSIP: 883556CX8<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    900000 | PA      | $920224.96    | 0.08%             | 2033-08-10      | Fixed         | 5.09%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 3.6 01/13/51          | CUSIP: 254687FZ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $735188.25    | 0.06%             | 2051-01-13      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 1.902 09/17/28     | CUSIP: 86562MCG3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $833139.68    | 0.07%             | 2028-09-17      | Fixed         | 1.90%                 | No            | 2                  | On Loan: No      |
| Honeywell International Inc.                                                         | HON 5 1/4 03/01/54        | CUSIP: 438516CT1<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    800000 | PA      | $754258.01    | 0.06%             | 2054-03-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 4.1 04/15/33          | CUSIP: 931142FD0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486169.47    | 0.04%             | 2033-04-15      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 2.8 10/01/50         | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    900000 | PA      | $563389.88    | 0.05%             | 2050-10-01      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp.                                                                      | MSFT 2 1/2 09/15/50       | CUSIP: 594918CW2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $665407.70    | 0.06%             | 2050-09-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| United Parcel Service, Inc.                                                          | UPS 5 1/2 05/22/54        | CUSIP: 911312CE4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480165.18    | 0.04%             | 2054-05-22      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.4 12/01/61         | CUSIP: 161175CC6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    600000 | PA      | $408312.99    | 0.03%             | 2061-12-01      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.15 04/23/31         | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $918418.37    | 0.08%             | 2031-04-23      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.2 06/01/28          | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610228.41    | 0.05%             | 2028-06-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Shell Finance US Inc.                                                                | RDSALN 4 05/10/46         | CUSIP: 822905AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $635771.86    | 0.05%             | 2046-05-10      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Toyota Motor Credit Corp.                                                            | TOYOTA 5.35 01/09/35      | CUSIP: 89236TNB7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    600000 | PA      | $614602.40    | 0.05%             | 2035-01-09      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 6.342 10/18/33         | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1084180.19   | 0.09%             | 2033-10-18      | Fixed         | 6.34%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 5.1 06/15/35         | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503842.50    | 0.04%             | 2035-06-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 1.898 07/23/31        | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1054676.12   | 0.09%             | 2031-07-23      | Fixed         | 1.90%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 5 1/2 11/15/54       | CUSIP: 375558CD3<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391490.97    | 0.03%             | 2054-11-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.14 01/24/31         | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $716124.83    | 0.06%             | 2031-01-24      | Fixed         | 5.14%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 3.102 02/24/33         | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1079417.26   | 0.09%             | 2033-02-24      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Prologis, L.P.                                                                       | PLD 5 03/15/34            | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600212.83    | 0.05%             | 2034-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Santander UK Group Holdings PLC                                                      | SANUK 5.694 04/15/31      | CUSIP: 80281LAV7<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $724746.36    | 0.06%             | 2031-04-15      | Fixed         | 5.69%                 | No            | 2                  | On Loan: No      |
| Applied Materials Inc.                                                               | AMAT 2 3/4 06/01/50       | CUSIP: 038222AP0<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    800000 | PA      | $502672.44    | 0.04%             | 2050-06-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.157 04/22/42        | CUSIP: 46647PCD6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $755937.94    | 0.06%             | 2042-04-22      | Fixed         | 3.16%                 | No            | 2                  | On Loan: No      |
| Prudential Financial, Inc.                                                           | PRU 5.2 03/14/35          | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    800000 | PA      | $806245.94    | 0.07%             | 2035-03-14      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 4.244 04/24/38        | CUSIP: 06051GGM5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    800000 | PA      | $726461.82    | 0.06%             | 2038-04-24      | Fixed         | 4.24%                 | No            | 2                  | On Loan: No      |
| MetLife Inc.                                                                         | MET 5.7 06/15/35          | CUSIP: 59156RAM0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    700000 | PA      | $736453.06    | 0.06%             | 2035-06-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 5.2 02/15/35          | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600478.34    | 0.05%             | 2035-02-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.536 01/28/36         | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1534547.21   | 0.13%             | 2036-01-28      | Fixed         | 5.54%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 3.1 01/12/32           | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $441743.17    | 0.04%             | 2032-01-12      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4 1/2 07/01/40        | CUSIP: 694308JQ1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    800000 | PA      | $676379.25    | 0.06%             | 2040-07-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 3.1 05/12/51         | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $942029.89    | 0.08%             | 2051-05-12      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3 1/4 11/01/39      | CUSIP: 20030NCY5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $467405.96    | 0.04%             | 2039-11-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                | ARE 1 7/8 02/01/33        | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $804489.50    | 0.07%             | 2033-02-01      | Fixed         | 1.88%                 | No            | 2                  | On Loan: No      |
| CSX Corporation                                                                      | CSX 3.8 11/01/46          | CUSIP: 126408HF3<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $851711.62    | 0.07%             | 2046-11-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                              | JBSSBZ 6 1/2 12/01/52     | CUSIP: 46590XAX4<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    900000 | PA      | $922200.30    | 0.08%             | 2052-12-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Huntington Bancshares Incorporated                                                   | HBAN 6.208 08/21/29       | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1046242.46   | 0.09%             | 2029-08-21      | Fixed         | 6.21%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 4 3/8 10/15/28         | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    900000 | PA      | $896758.76    | 0.08%             | 2028-10-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 5.3 02/15/34        | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $700262.48    | 0.06%             | 2034-02-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Norfolk Southern Corporation                                                         | NSC 5.35 08/01/54         | CUSIP: 655844CS5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $381202.18    | 0.03%             | 2054-08-01      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| DTE Energy Co.                                                                       | DTE 4 7/8 06/01/28        | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    900000 | PA      | $909264.49    | 0.08%             | 2028-06-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Mizuho Financial Group Inc.                                                          | MIZUHO 5.667 05/27/29     | CUSIP: 60687YCP2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $824117.52    | 0.07%             | 2029-05-27      | Fixed         | 5.67%                 | No            | 2                  | On Loan: No      |
| United Parcel Service, Inc.                                                          | UPS 5.05 03/03/53         | CUSIP: 911312CA2<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    600000 | PA      | $540552.28    | 0.05%             | 2053-03-03      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 4.812 02/13/33       | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    800000 | PA      | $797804.44    | 0.07%             | 2033-02-13      | Fixed         | 4.81%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 5.227 11/17/34       | CUSIP: 10373QCA6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    800000 | PA      | $810096.90    | 0.07%             | 2034-11-17      | Fixed         | 5.23%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 1.953 02/04/32        | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $867842.45    | 0.07%             | 2032-02-04      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5 3/8 02/15/33         | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $821698.46    | 0.07%             | 2033-02-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Honeywell International Inc.                                                         | HON 1.95 06/01/30         | CUSIP: 438516BZ8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $892496.86    | 0.08%             | 2030-06-01      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 5.676 01/22/35        | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    600000 | PA      | $622858.24    | 0.05%             | 2035-01-22      | Fixed         | 5.68%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.7 03/01/35          | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $602570.96    | 0.05%             | 2035-03-01      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 1.922 10/24/31        | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    900000 | PA      | $785082.97    | 0.07%             | 2031-10-24      | Fixed         | 1.92%                 | No            | 2                  | On Loan: No      |
| Nutrien Ltd                                                                          | NTRCN 5.8 03/27/53        | CUSIP: 67077MBB3<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $692952.38    | 0.06%             | 2053-03-27      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4 3/8 05/15/55       | CUSIP: 68389XBG9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $538669.50    | 0.05%             | 2055-05-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4 11/15/47           | CUSIP: 68389XBQ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    900000 | PA      | $682729.20    | 0.06%             | 2047-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 4.654 10/18/30         | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400840.46    | 0.03%             | 2030-10-18      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 3 03/05/51             | CUSIP: 191216DL1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    800000 | PA      | $532540.74    | 0.04%             | 2051-03-05      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                                                    | NWG 4.445 05/08/30        | CUSIP: 780097BL4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $695239.90    | 0.06%             | 2030-05-08      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5 1/2 06/01/33        | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $612998.89    | 0.05%             | 2033-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3 3/4 04/01/40      | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    900000 | PA      | $740647.68    | 0.06%             | 2040-04-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 3.06 06/17/41        | CUSIP: 10373QBR0<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    800000 | PA      | $590736.34    | 0.05%             | 2041-06-17      | Fixed         | 3.06%                 | No            | 2                  | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 5.3 08/15/28          | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    700000 | PA      | $716671.52    | 0.06%             | 2028-08-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.574 07/25/29        | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1441561.11   | 0.12%             | 2029-07-25      | Fixed         | 5.57%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.4 11/06/42         | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $877145.32    | 0.07%             | 2042-11-06      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Chubb INA Holdings LLC                                                               | CB 4.35 11/03/45          | CUSIP: 00440EAW7<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    900000 | PA      | $772991.33    | 0.07%             | 2045-11-03      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| Boston Properties LP                                                                 | BXP 5 3/4 01/15/35        | CUSIP: 10112RBJ2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    700000 | PA      | $704478.02    | 0.06%             | 2035-01-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.702 05/06/30        | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $583651.90    | 0.05%             | 2030-05-06      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 5.4 02/15/34            | CUSIP: 00206RMT6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1943885.23   | 0.16%             | 2034-02-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 5.716 09/14/28     | CUSIP: 86562MDG2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $414526.64    | 0.04%             | 2028-09-14      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| MasterCard Incorporated                                                              | MA 3.35 03/26/30          | CUSIP: 57636QAP9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    700000 | PA      | $672706.17    | 0.06%             | 2030-03-26      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5 1/4 04/02/35         | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1203697.87   | 0.10%             | 2035-04-02      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 1/8 02/21/30        | CUSIP: 126650DT4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609968.38    | 0.05%             | 2030-02-21      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5 3/4 02/01/33       | CUSIP: 24703DBL4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524937.69    | 0.04%             | 2033-02-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.592 04/29/31        | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1463027.47   | 0.12%             | 2031-04-29      | Fixed         | 2.59%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4.65 07/23/48           | CUSIP: 172967MD0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $778144.12    | 0.07%             | 2048-07-23      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5 04/01/30           | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507385.94    | 0.04%             | 2030-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 5 7/8 11/15/28       | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    800000 | PA      | $838991.82    | 0.07%             | 2028-11-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 1.1 08/15/30        | CUSIP: 02079KAD9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1465927.68   | 0.12%             | 2030-08-15      | Fixed         | 1.10%                 | No            | 2                  | On Loan: No      |
| Relx Capital Inc.                                                                    | RELLN 4 03/18/29          | CUSIP: 74949LAC6<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    600000 | PA      | $594176.65    | 0.05%             | 2029-03-18      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 5.612 03/04/56          | CUSIP: 17327CAY9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $684537.85    | 0.06%             | 2056-03-04      | Fixed         | 5.61%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 2 7/8 05/12/41       | CUSIP: 023135CA2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    800000 | PA      | $595968.50    | 0.05%             | 2041-05-12      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Oneok Inc.                                                                           | OKE 6.05 09/01/33         | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $734978.27    | 0.06%             | 2033-09-01      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP 1.953 11/20/28       | CUSIP: 961214EW9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $744179.09    | 0.06%             | 2028-11-20      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| Shell Finance US Inc.                                                                | RDSALN 4 3/8 05/11/45     | CUSIP: 822905AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $843363.41    | 0.07%             | 2045-05-11      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 5.335 09/10/35       | CUSIP: 06738ECV5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $597514.85    | 0.05%             | 2035-09-10      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED 6.114 09/11/34     | CUSIP: 456837BH5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $743655.70    | 0.06%             | 2034-09-11      | Fixed         | 6.11%                 | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 6.6 03/15/46          | CUSIP: 674599DL6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494427.60    | 0.04%             | 2046-03-15      | Fixed         | 6.60%                 | No            | 2                  | On Loan: No      |
| AstraZeneca Finance LLC                                                              | AZN 4.85 02/26/29         | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    800000 | PA      | $814740.75    | 0.07%             | 2029-02-26      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 6 03/15/31            | CUSIP: 75513ECV1<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    300000 | PA      | $320938.52    | 0.03%             | 2031-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4.15 10/15/28       | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1192443.43   | 0.10%             | 2028-10-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 3.311 04/22/42        | CUSIP: 06051GJW0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1070727.56   | 0.09%             | 2042-04-22      | Fixed         | 3.31%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.2 01/15/33         | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608068.87    | 0.05%             | 2033-01-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.882 07/24/38        | CUSIP: 46647PAJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $791579.55    | 0.07%             | 2038-07-24      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.55 07/15/33         | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515691.62    | 0.04%             | 2033-07-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 5/8 02/21/53        | CUSIP: 126650DV9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $736630.40    | 0.06%             | 2053-02-21      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| eBay Inc.                                                                            | EBAY 4 07/15/42           | CUSIP: 278642AF0<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    700000 | PA      | $566911.91    | 0.05%             | 2042-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.55 06/01/31         | CUSIP: 126650EC0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $725087.31    | 0.06%             | 2031-06-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 4 3/4 03/25/50       | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    900000 | PA      | $714108.15    | 0.06%             | 2050-03-25      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Emerson Electric Co.                                                                 | EMR 2.2 12/21/31          | CUSIP: 291011BR4<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $874297.08    | 0.07%             | 2031-12-21      | Fixed         | 2.20%                 | No            | 2                  | On Loan: No      |
| Simon Property Group LP                                                              | SPG 2.45 09/13/29         | CUSIP: 828807DF1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    700000 | PA      | $649771.73    | 0.05%             | 2029-09-13      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| Lockheed Martin Corporation                                                          | LMT 4.09 09/15/52         | CUSIP: 539830BN8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    900000 | PA      | $703811.68    | 0.06%             | 2052-09-15      | Fixed         | 4.09%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 2.45 02/15/31        | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1249317.02   | 0.11%             | 2031-02-15      | Fixed         | 2.45%                 | Yes           | 2                  | On Loan: No      |
| Paychex Inc                                                                          | PAYX 5.1 04/15/30         | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    600000 | PA      | $612991.25    | 0.05%             | 2030-04-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.162 01/24/31        | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023266.48   | 0.09%             | 2031-01-24      | Fixed         | 5.16%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5 3/4 03/01/35        | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $614896.81    | 0.05%             | 2035-03-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 2.772 11/10/50       | CUSIP: 10373QBN9<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    900000 | PA      | $545372.62    | 0.05%             | 2050-11-10      | Fixed         | 2.77%                 | No            | 2                  | On Loan: No      |
| MetLife Inc.                                                                         | MET 5 07/15/52            | CUSIP: 59156RCC0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    600000 | PA      | $541091.96    | 0.05%             | 2052-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4.2 08/15/34        | CUSIP: 20030NBM2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $564089.06    | 0.05%             | 2034-08-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                               | US 10YR NOTE (CBT)Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |       275 | NC      | $379038.70    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Willis North America Inc.                                                            | WTW 5.35 05/15/33         | CUSIP: 970648AM3<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    800000 | PA      | $816418.54    | 0.07%             | 2033-05-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 2.4 02/05/30          | CUSIP: 907818FH6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    700000 | PA      | $643062.99    | 0.05%             | 2030-02-05      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 4.571 04/27/33        | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1280033.89   | 0.11%             | 2033-04-27      | Fixed         | 4.57%                 | No            | 2                  | On Loan: No      |
| Time Warner Cable LLC                                                                | TWC 5 1/2 09/01/41        | CUSIP: 88732JBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $629651.14    | 0.05%             | 2041-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MasterCard Incorporated                                                              | MA 4.55 01/15/35          | CUSIP: 57636QBC7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    600000 | PA      | $586458.28    | 0.05%             | 2035-01-15      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 2.511 10/20/32         | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $612851.85    | 0.05%             | 2032-10-20      | Fixed         | 2.51%                 | No            | 2                  | On Loan: No      |
| Texas Instruments Incorporated                                                       | TXN 5.05 05/18/63         | CUSIP: 882926AA6<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    800000 | PA      | $726039.16    | 0.06%             | 2063-05-18      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Leidos Inc                                                                           | LDOS 4 3/8 05/15/30       | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589065.89    | 0.05%             | 2030-05-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Sands China Ltd.                                                                     | SANLTD 5.4 08/08/28       | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $607902.60    | 0.05%             | 2028-08-08      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.55 03/15/35        | CUSIP: 00287YCY3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $580205.66    | 0.05%             | 2035-03-15      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 1.7 05/28/30          | CUSIP: 717081EY5<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    600000 | PA      | $529578.23    | 0.04%             | 2030-05-28      | Fixed         | 1.70%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.85 06/15/44        | CUSIP: 00287YDA4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $550030.22    | 0.05%             | 2044-06-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 6.798 11/07/28          | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    900000 | PA      | $931583.93    | 0.08%             | 2028-11-07      | Fixed         | 6.80%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp.                                                                      | MSFT 2.921 03/17/52       | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1519912.70   | 0.13%             | 2052-03-17      | Fixed         | 2.92%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 3 1/8 05/15/50        | CUSIP: 036752AM5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $638289.40    | 0.05%             | 2050-05-15      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.572 10/20/32        | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $969803.08    | 0.08%             | 2032-10-20      | Fixed         | 2.57%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 4.889 07/20/33         | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600782.57    | 0.05%             | 2033-07-20      | Fixed         | 4.89%                 | No            | 2                  | On Loan: No      |
| AstraZeneca PLC                                                                      | AZN 1 3/8 08/06/30        | CUSIP: 046353AW8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $779701.19    | 0.07%             | 2030-08-06      | Fixed         | 1.38%                 | No            | 2                  | On Loan: No      |
| Pepsico Inc                                                                          | PEP 2 5/8 10/21/41        | CUSIP: 713448FF0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    900000 | PA      | $635590.13    | 0.05%             | 2041-10-21      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 5.8 07/13/28       | CUSIP: 86562MDB3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $623290.73    | 0.05%             | 2028-07-13      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 6 7/8 10/20/34        | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1117610.74   | 0.09%             | 2034-10-20      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Freeport-McMoRan Inc.                                                                | FCX 5.45 03/15/43         | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567076.08    | 0.05%             | 2043-03-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.164 04/20/29         | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711296.25    | 0.06%             | 2029-04-20      | Fixed         | 5.16%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.95 12/05/44        | CUSIP: 023135AQ9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96578.65     | 0.01%             | 2044-12-05      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Southern California Edison Company                                                   | EIX 4 04/01/47            | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $874516.86    | 0.07%             | 2047-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.7 01/15/35          | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506801.00    | 0.04%             | 2035-01-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Zimmer Biomet Holdings Inc                                                           | ZBH 2.6 11/24/31          | CUSIP: 98956PAV4<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $530255.54    | 0.04%             | 2031-11-24      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                          | HST 3 1/2 09/15/30        | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $463671.60    | 0.04%             | 2030-09-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 5.426 04/17/35       | CUSIP: 606822DF8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $817034.83    | 0.07%             | 2035-04-17      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| Lam Research Corporation                                                             | LRCX 1.9 06/15/30         | CUSIP: 512807AV0<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1158516.36   | 0.10%             | 2030-06-15      | Fixed         | 1.90%                 | No            | 2                  | On Loan: No      |
| Kimberly-Clark Corporation                                                           | KMB 3.1 03/26/30          | CUSIP: 494368CB7<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    600000 | PA      | $569266.01    | 0.05%             | 2030-03-26      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| VMware LLC                                                                           | VMW 2.2 08/15/31          | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    600000 | PA      | $519392.91    | 0.04%             | 2031-08-15      | Fixed         | 2.20%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 7.437 11/02/33       | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1136847.85   | 0.10%             | 2033-11-02      | Fixed         | 7.44%                 | No            | 2                  | On Loan: No      |
| Western Midstream Operating  LP                                                      | WES 5.45 11/15/34         | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    800000 | PA      | $784754.86    | 0.07%             | 2034-11-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5 5/8 11/17/29         | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $626261.05    | 0.05%             | 2029-11-17      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Halliburton Company                                                                  | HAL 5 11/15/45            | CUSIP: 406216BK6<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    900000 | PA      | $790677.07    | 0.07%             | 2045-11-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 6.224 05/09/34       | CUSIP: 06738ECG8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $957343.98    | 0.08%             | 2034-05-09      | Fixed         | 6.22%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.211 12/03/35        | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $802475.59    | 0.07%             | 2035-12-03      | Fixed         | 5.21%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.336 01/23/35        | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $920856.15    | 0.08%             | 2035-01-23      | Fixed         | 5.34%                 | No            | 2                  | On Loan: No      |
| VICI Properties LP                                                                   | VICI 5 1/8 11/15/31       | CUSIP: 925650AH6<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499649.63    | 0.04%             | 2031-11-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| QUALCOMM Inc.                                                                        | QCOM 4 1/2 05/20/52       | CUSIP: 747525BR3<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $843251.48    | 0.07%             | 2052-05-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Toyota Motor Credit Corp.                                                            | TOYOTA 4.45 06/29/29      | CUSIP: 89236TKD6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501396.72    | 0.04%             | 2029-06-29      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.468 01/23/35        | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1436329.31   | 0.12%             | 2035-01-23      | Fixed         | 5.47%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 1.95 05/15/30         | CUSIP: 459200KJ9<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    800000 | PA      | $712684.77    | 0.06%             | 2030-05-15      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| NiSource Inc.                                                                        | NI 1.7 02/15/31           | CUSIP: 65473PAL9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    600000 | PA      | $511711.80    | 0.04%             | 2031-02-15      | Fixed         | 1.70%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 3.971 07/22/38         | CUSIP: 61744YAL2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $613312.97    | 0.05%             | 2038-07-22      | Fixed         | 3.97%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 4.271 07/23/29        | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1194589.25   | 0.10%             | 2029-07-23      | Fixed         | 4.27%                 | No            | 2                  | On Loan: No      |
| Air Products & Chemicals, Inc.                                                       | APD 2.05 05/15/30         | CUSIP: 009158BC9<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1169068.68   | 0.10%             | 2030-05-15      | Fixed         | 2.05%                 | No            | 2                  | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4.95 03/15/35          | CUSIP: 94106LCE7<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899642.47    | 0.08%             | 2035-03-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4 1/4 01/15/33      | CUSIP: 20030NBH3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481475.29    | 0.04%             | 2033-01-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Cisco Systems, Inc.                                                                  | CSCO 4.95 02/26/31        | CUSIP: 17275RBS0<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819437.86    | 0.07%             | 2031-02-26      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Pepsico Inc                                                                          | PEP 2 3/4 10/21/51        | CUSIP: 713448FG8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $684217.15    | 0.06%             | 2051-10-21      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 2.65 02/08/51        | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $679771.46    | 0.06%             | 2051-02-08      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.851 04/25/35         | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048330.62   | 0.09%             | 2035-04-25      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| Lockheed Martin Corporation                                                          | LMT 3.8 03/01/45          | CUSIP: 539830BD0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $628374.66    | 0.05%             | 2045-03-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6 06/15/48             | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $575108.84    | 0.05%             | 2048-06-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Ford Motor Company                                                                   | F 6.1 08/19/32            | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $902033.21    | 0.08%             | 2032-08-19      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 6.2 11/15/30        | CUSIP: 29250NBY0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $426242.48    | 0.04%             | 2030-11-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5.402 08/11/33       | CUSIP: 404280DH9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $718119.52    | 0.06%             | 2033-08-11      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 3 3/4 03/03/47        | CUSIP: 478160CG7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    800000 | PA      | $637466.42    | 0.05%             | 2047-03-03      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Dupont De Nemours Inc                                                                | DD 5.419 11/15/48         | CUSIP: 26078JAF7<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $901169.46    | 0.08%             | 2048-11-15      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 3.55 09/15/55           | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2015491.98   | 0.17%             | 2055-09-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 4.969 08/02/30         | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $405937.32    | 0.03%             | 2030-08-02      | Fixed         | 4.97%                 | No            | 2                  | On Loan: No      |
| Duke Energy Carolinas  LLC                                                           | DUK 5.4 01/15/54          | CUSIP: 26442CBL7<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482615.22    | 0.04%             | 2054-01-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Brookfield Finance Inc.                                                              | BNCN 5.968 03/04/54       | CUSIP: 11271LAL6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $605773.96    | 0.05%             | 2054-03-04      | Fixed         | 5.97%                 | No            | 2                  | On Loan: No      |
| Santander Holdings USA Inc.                                                          | SANUSA 5.741 03/20/31     | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514586.55    | 0.04%             | 2031-03-20      | Fixed         | 5.74%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 4.017 10/31/38         | CUSIP: 38148YAA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $787043.85    | 0.07%             | 2038-10-31      | Fixed         | 4.02%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                              | MPLX 5 1/2 02/15/49       | CUSIP: 55336VAT7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    700000 | PA      | $633859.75    | 0.05%             | 2049-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3 7/8 04/15/30       | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2132457.12   | 0.18%             | 2030-04-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Deere & Company                                                                      | DE 5.7 01/19/55           | CUSIP: 244199BM6<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513806.45    | 0.04%             | 2055-01-19      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Brixmor Operating Partnership LP                                                     | BRX 4.05 07/01/30         | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    700000 | PA      | $678359.67    | 0.06%             | 2030-07-01      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5.05 08/14/54         | CUSIP: 532457CS5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $466877.32    | 0.04%             | 2054-08-14      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 3.973 05/22/30       | CUSIP: 404280CC1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $876417.17    | 0.07%             | 2030-05-22      | Fixed         | 3.97%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 01/30/29            | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709505.36    | 0.06%             | 2029-01-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                                                         | UBS 4 7/8 05/15/45        | CUSIP: 902613AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    600000 | PA      | $542680.43    | 0.05%             | 2045-05-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 3 1/2 05/15/29        | CUSIP: 459200KA8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $581693.63    | 0.05%             | 2029-05-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.557 07/25/34        | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1342349.05   | 0.11%             | 2034-07-25      | Fixed         | 5.56%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.32 07/19/35          | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012830.60   | 0.09%             | 2035-07-19      | Fixed         | 5.32%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.23 01/15/31          | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $716976.67    | 0.06%             | 2031-01-15      | Fixed         | 5.23%                 | No            | 2                  | On Loan: No      |
| Global Payments Inc                                                                  | GPN 2.9 05/15/30          | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1004110.02   | 0.08%             | 2030-05-15      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 4 03/22/50             | CUSIP: 92343VFD1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    900000 | PA      | $688633.06    | 0.06%             | 2050-03-22      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6 08/03/55           | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490899.70    | 0.04%             | 2055-08-03      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.95 05/15/54          | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567987.68    | 0.05%             | 2054-05-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 5.2 03/15/35         | CUSIP: 00287YEA3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610776.35    | 0.05%             | 2035-03-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Waste Management, Inc.                                                               | WM 5.35 10/15/54          | CUSIP: 94106LCF4<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96825.35     | 0.01%             | 2054-10-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 2.95 03/10/52         | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $378745.67    | 0.03%             | 2052-03-10      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 4 5/8 06/15/30        | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499362.25    | 0.04%             | 2030-06-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.05 07/15/33        | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003873.15   | 0.08%             | 2033-07-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | BNSF 3.9 08/01/46         | CUSIP: 12189LAZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1029504.88   | 0.09%             | 2046-08-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Marathon Petroleum Corp.                                                             | MPC 5.15 03/01/30         | CUSIP: 56585ABK7<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    800000 | PA      | $815019.20    | 0.07%             | 2030-03-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.999 11/01/49      | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $831273.27    | 0.07%             | 2049-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5 1/4 06/15/49        | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    800000 | PA      | $708437.40    | 0.06%             | 2049-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corp.                                                               | TFC 1.887 06/07/29        | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    800000 | PA      | $744727.56    | 0.06%             | 2029-06-07      | Fixed         | 1.89%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.65 03/02/53        | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1357142.42   | 0.11%             | 2053-03-02      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| AES Corp.                                                                            | AES 5.8 03/15/32          | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    700000 | PA      | $710701.79    | 0.06%             | 2032-03-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.6 03/23/34         | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    700000 | PA      | $718243.02    | 0.06%             | 2034-03-23      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 5.65 02/22/64         | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $580536.94    | 0.05%             | 2064-02-22      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.739 10/15/30        | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $838701.41    | 0.07%             | 2030-10-15      | Fixed         | 2.74%                 | No            | 2                  | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 5.3 04/01/53          | CUSIP: 341081GM3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    600000 | PA      | $575302.11    | 0.05%             | 2053-04-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 3.799 10/01/51        | CUSIP: 907818EM6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $896686.67    | 0.08%             | 2051-10-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| MasterCard Incorporated                                                              | MA 4 7/8 05/09/34         | CUSIP: 57636QAZ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503776.75    | 0.04%             | 2034-05-09      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 6 1/4 11/15/53        | CUSIP: 110122EB0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    900000 | PA      | $958902.64    | 0.08%             | 2053-11-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 4 3/4 10/21/45         | CUSIP: 38141GVS0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $621327.27    | 0.05%             | 2045-10-21      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.069 06/01/29        | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $655842.22    | 0.06%             | 2029-06-01      | Fixed         | 2.07%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 4.7 03/01/30          | CUSIP: 478160DJ0<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510070.27    | 0.04%             | 2030-03-01      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 4.45 05/06/44        | CUSIP: 037833AT7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    600000 | PA      | $547866.66    | 0.05%             | 2044-05-06      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Nomura Holdings Inc.                                                                 | NOMURA 2.999 01/22/32     | CUSIP: 65535HBA6<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $889824.12    | 0.08%             | 2032-01-22      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 6.921 08/08/33     | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1090040.76   | 0.09%             | 2033-08-08      | Fixed         | 6.92%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4.542 09/19/30          | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $697324.25    | 0.06%             | 2030-09-19      | Fixed         | 4.54%                 | No            | 2                  | On Loan: No      |
| Shell Finance US Inc.                                                                | RDSALN 3 1/4 04/06/50     | CUSIP: 822905AG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $614496.89    | 0.05%             | 2050-04-06      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 4.15 09/09/32         | CUSIP: 931142EY5<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491376.77    | 0.04%             | 2032-09-09      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 5 3/4 03/14/55      | CUSIP: 76720AAV8<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1002537.49   | 0.08%             | 2055-03-14      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Agilent Technologies Inc.                                                            | A 2.3 03/12/31            | CUSIP: 00846UAN1<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $618628.64    | 0.05%             | 2031-03-12      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5 02/09/54            | CUSIP: 532457CM8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $462868.23    | 0.04%             | 2054-02-09      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 4.8 04/01/44         | CUSIP: 375558AX1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    800000 | PA      | $726888.94    | 0.06%             | 2044-04-01      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.581 04/22/30        | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $622080.31    | 0.05%             | 2030-04-22      | Fixed         | 5.58%                 | No            | 2                  | On Loan: No      |
| LYB International Finance III LLC                                                    | LYB 5 1/2 03/01/34        | CUSIP: 50249AAM5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    700000 | PA      | $693357.11    | 0.06%             | 2034-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.995 07/22/30        | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508473.36    | 0.04%             | 2030-07-22      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 6.298 05/01/29         | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    800000 | PA      | $844772.82    | 0.07%             | 2029-05-01      | Fixed         | 6.30%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.972 02/04/33        | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    900000 | PA      | $806049.67    | 0.07%             | 2033-02-04      | Fixed         | 2.97%                 | No            | 2                  | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 3.4 05/06/30           | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $946084.85    | 0.08%             | 2030-05-06      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                              | MPLX 4.95 03/14/52        | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    800000 | PA      | $661589.96    | 0.06%             | 2052-03-14      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS 5.679 01/05/35     | CUSIP: 53944YAX1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1027160.44   | 0.09%             | 2035-01-05      | Fixed         | 5.68%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 6 11/15/28          | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $628114.96    | 0.05%             | 2028-11-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Barrick North America Finance LLC                                                    | ABXCN 5 3/4 05/01/43      | CUSIP: 06849RAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $704678.95    | 0.06%             | 2043-05-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 4 11/13/30              | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275667.74    | 0.02%             | 2030-11-13      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 6.11 01/29/37         | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    600000 | PA      | $630935.18    | 0.05%             | 2037-01-29      | Fixed         | 6.11%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.7 09/27/34         | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $576885.59    | 0.05%             | 2034-09-27      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 5.333 03/27/36          | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1105875.60   | 0.09%             | 2036-03-27      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| Mercedes Benz North America Corp.                                                    | MBGGR 8 1/2 01/18/31      | CUSIP: 233835AQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $592752.72    | 0.05%             | 2031-01-18      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5 3/8 04/15/54        | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $645227.91    | 0.05%             | 2054-04-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 5.35 05/15/53       | CUSIP: 20030NEF4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $551800.55    | 0.05%             | 2053-05-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.449 07/20/29         | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513192.93    | 0.04%             | 2029-07-20      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Danaher Corporation                                                                  | DHR 2.8 12/10/51          | CUSIP: 235851AW2<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    800000 | PA      | $498058.14    | 0.04%             | 2051-12-10      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 3.65 09/15/59           | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1998394.02   | 0.17%             | 2059-09-15      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| Cisco Systems, Inc.                                                                  | CSCO 5.3 02/26/54         | CUSIP: 17275RBU5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1062238.40   | 0.09%             | 2054-02-26      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.299 07/24/29        | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819154.71    | 0.07%             | 2029-07-24      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| TotalEnergies Capital S.A.                                                           | TTEFP 5.638 04/05/64      | CUSIP: 89157XAC5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $769180.38    | 0.06%             | 2064-04-05      | Fixed         | 5.64%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 5 3/4 02/01/31        | CUSIP: 110122DY1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $636697.14    | 0.05%             | 2031-02-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 4 1/4 09/21/48        | CUSIP: 45866FAH7<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    700000 | PA      | $579924.80    | 0.05%             | 2048-09-21      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.299 07/21/32        | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1132912.22   | 0.10%             | 2032-07-21      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| Simon Property Group LP                                                              | SPG 3 1/4 09/13/49        | CUSIP: 828807DH7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    900000 | PA      | $607635.60    | 0.05%             | 2049-09-13      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 5.805 05/01/50         | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965490.31    | 0.08%             | 2050-05-01      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Archer-Daniels-Midland Co.                                                           | ADM 3 1/4 03/27/30        | CUSIP: 039482AB0<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1045711.83   | 0.09%             | 2030-03-27      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 5.45 03/15/35         | CUSIP: 65339KDL1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610798.59    | 0.05%             | 2035-03-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Caterpillar Inc                                                                      | CAT 3.803 08/15/42        | CUSIP: 149123CB5<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    800000 | PA      | $655815.55    | 0.06%             | 2042-08-15      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Honeywell International Inc.                                                         | HON 1 3/4 09/01/31        | CUSIP: 438516CF1<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    700000 | PA      | $595985.68    | 0.05%             | 2031-09-01      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Toyota Motor Credit Corp.                                                            | TOYOTA 5 1/4 09/11/28     | CUSIP: 89236TLB9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    700000 | PA      | $720111.73    | 0.06%             | 2028-09-11      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.4 08/15/54         | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967074.60    | 0.08%             | 2054-08-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| United Parcel Service, Inc.                                                          | UPS 5.3 04/01/50          | CUSIP: 911312BW5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    700000 | PA      | $659013.92    | 0.06%             | 2050-04-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 3.55 03/15/42         | CUSIP: 110122DV7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    900000 | PA      | $708483.42    | 0.06%             | 2042-03-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 4.9 12/15/48           | CUSIP: 125523AK6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $953197.54    | 0.08%             | 2048-12-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 3 5/8 09/01/49        | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $726892.88    | 0.06%             | 2049-09-01      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| Viatris Inc                                                                          | VTRS 4 06/22/50           | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    900000 | PA      | $592598.03    | 0.05%             | 2050-06-22      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 5.632 01/15/35     | CUSIP: 86562MDU1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $520238.01    | 0.04%             | 2035-01-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5.4 04/15/34         | CUSIP: 24703DBN0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510094.18    | 0.04%             | 2034-04-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corp.                                                               | TFC 5.153 08/05/32        | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508581.30    | 0.04%             | 2032-08-05      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 5.3 03/15/32          | CUSIP: 65339KDK3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    600000 | PA      | $616327.27    | 0.05%             | 2032-03-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 3 1/2 05/13/40        | CUSIP: 254687FY7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $818199.44    | 0.07%             | 2040-05-13      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Prologis, L.P.                                                                       | PLD 5 1/4 03/15/54        | CUSIP: 74340XCK5<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    700000 | PA      | $655284.02    | 0.06%             | 2054-03-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.511 01/24/36        | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025099.47   | 0.09%             | 2036-01-24      | Fixed         | 5.51%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 7.35 03/06/30           | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    700000 | PA      | $740359.54    | 0.06%             | 2030-03-06      | Fixed         | 7.35%                 | No            | 2                  | On Loan: No      |
| CDX.NA.IG SERIES 44                                                                  | CDX.NA.IG SERIES 44 06/30 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       | -50000000 | PA      | $1083300.00   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| NiSource Inc.                                                                        | NI 3.6 05/01/30           | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    800000 | PA      | $766372.73    | 0.06%             | 2030-05-01      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 5 1/8 02/15/53        | CUSIP: 28622HAC5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    900000 | PA      | $795124.06    | 0.07%             | 2053-02-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 5 3/8 06/15/34        | CUSIP: 036752AZ6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608211.43    | 0.05%             | 2034-06-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4 5/8 02/15/30         | CUSIP: 94106LBT5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $605755.93    | 0.05%             | 2030-02-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Corebridge Financial Inc.                                                            | CRBG 4.4 04/05/52         | CUSIP: 21871XAM1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    700000 | PA      | $561176.87    | 0.05%             | 2052-04-05      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.35 02/15/30        | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496668.02    | 0.04%             | 2030-02-15      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 4.85 03/15/44         | CUSIP: 29379VBA0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    900000 | PA      | $808077.07    | 0.07%             | 2044-03-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 5.55 02/22/54         | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1357365.16   | 0.11%             | 2054-02-22      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Nomura Holdings Inc.                                                                 | NOMURA 2.172 07/14/28     | CUSIP: 65535HAY5<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $280144.06    | 0.02%             | 2028-07-14      | Fixed         | 2.17%                 | No            | 2                  | On Loan: No      |
| The Kroger Co.                                                                       | KR 5 1/2 09/15/54         | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $944564.99    | 0.08%             | 2054-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 3.068 04/30/41        | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $679594.90    | 0.06%             | 2041-04-30      | Fixed         | 3.07%                 | No            | 2                  | On Loan: No      |
| Northern States Power Company                                                        | XEL 5.1 05/15/53          | CUSIP: 665772CX5<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $464478.14    | 0.04%             | 2053-05-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 3.622 04/01/31         | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1341212.78   | 0.11%             | 2031-04-01      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 1.65 06/01/30          | CUSIP: 191216CV0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    800000 | PA      | $708427.62    | 0.06%             | 2030-06-01      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 5.2 02/22/34          | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    700000 | PA      | $715364.26    | 0.06%             | 2034-02-22      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| The Procter & Gamble Co.                                                             | PG 1.2 10/29/30           | CUSIP: 742718FM6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    700000 | PA      | $601989.72    | 0.05%             | 2030-10-29      | Fixed         | 1.20%                 | No            | 2                  | On Loan: No      |
| NiSource Inc.                                                                        | NI 4 3/8 05/15/47         | CUSIP: 65473QBF9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    800000 | PA      | $658657.22    | 0.06%             | 2047-05-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Gallagher Aj &Co                                                                     | AJG 5.55 02/15/55         | CUSIP: 04316JAP4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $661972.89    | 0.06%             | 2055-02-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 5 1/4 09/08/33        | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $820011.47    | 0.07%             | 2033-09-08      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 3.6 07/01/30          | CUSIP: 58013MFQ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385933.50    | 0.03%             | 2030-07-01      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5 3/4 03/02/63       | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    900000 | PA      | $864753.14    | 0.07%             | 2063-03-02      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 5.7 03/08/33        | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $829243.39    | 0.07%             | 2033-03-08      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Oneok Inc.                                                                           | OKE 4 3/4 10/15/31        | CUSIP: 682680CD3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $594454.41    | 0.05%             | 2031-10-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Mizuho Financial Group Inc.                                                          | MIZUHO 5.754 05/27/34     | CUSIP: 60687YCT4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $731302.16    | 0.06%             | 2034-05-27      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 7 3/4 05/14/38        | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    600000 | PA      | $715136.95    | 0.06%             | 2038-05-14      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 5.45 06/15/34         | CUSIP: 26441CCE3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    700000 | PA      | $717972.01    | 0.06%             | 2034-06-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Williams Partners L.P.                                                               | WMB 5.1 09/15/45          | CUSIP: 96949LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $632561.98    | 0.05%             | 2045-09-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Travelers Companies, Inc.                                                            | TRV 6 1/4 06/15/37        | CUSIP: 89417EAD1<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    600000 | PA      | $658549.03    | 0.06%             | 2037-06-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 4.85 03/01/32         | CUSIP: 478160DK7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511849.04    | 0.04%             | 2032-03-01      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 2 7/8 11/20/50         | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $931688.24    | 0.08%             | 2050-11-20      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| QUALCOMM Inc.                                                                        | QCOM 4.8 05/20/45         | CUSIP: 747525AK9<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1001237.57   | 0.08%             | 2045-05-20      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                               | BRK 3.85 03/15/52         | CUSIP: 084664DB4<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $763986.44    | 0.06%             | 2052-03-15      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.202 04/25/29        | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1222319.12   | 0.10%             | 2029-04-25      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 5.15 09/09/52         | CUSIP: 58013MFT6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    600000 | PA      | $550389.98    | 0.05%             | 2052-09-09      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 5 03/01/35            | CUSIP: 478160DL5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020879.81   | 0.09%             | 2035-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CRH Smw Finance DAC                                                                  | CRHID 5 1/8 01/09/30      | CUSIP: 12704PAB4<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |    700000 | PA      | $714563.89    | 0.06%             | 2030-01-09      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 3.15 08/01/29         | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    600000 | PA      | $569498.12    | 0.05%             | 2029-08-01      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | PFE 5.34 05/19/63         | CUSIP: 716973AH5<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1300000 | PA      | $1193483.27   | 0.10%             | 2063-05-19      | Fixed         | 5.34%                 | No            | 2                  | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 4.9 05/17/44          | CUSIP: 58933YBL8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    600000 | PA      | $556919.90    | 0.05%             | 2044-05-17      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 1/8 07/20/45        | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1408386.74   | 0.12%             | 2045-07-20      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| The Toronto-Dominion Bank                                                            | TD 5.523 07/17/28         | CUSIP: 89115A2U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $824492.89    | 0.07%             | 2028-07-17      | Fixed         | 5.52%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 4 3/4 02/12/30        | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $713339.37    | 0.06%             | 2030-02-12      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED 5.335 03/19/30     | CUSIP: 456837BL6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $614891.25    | 0.05%             | 2030-03-19      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 5.3 02/21/35          | CUSIP: 055451BL1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $817431.69    | 0.07%             | 2035-02-21      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.294 07/22/35        | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $912462.61    | 0.08%             | 2035-07-22      | Fixed         | 5.29%                 | No            | 2                  | On Loan: No      |
| Dominion Energy Inc                                                                  | D 2 1/4 08/15/31          | CUSIP: 25746UDL0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    900000 | PA      | $782624.58    | 0.07%             | 2031-08-15      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 4 1/4 04/01/52        | CUSIP: 548661EJ2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    700000 | PA      | $543640.62    | 0.05%             | 2052-04-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Expand Energy Corp.                                                                  | SWN 5 3/8 03/15/30        | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601363.80    | 0.05%             | 2030-03-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| PPL Capital Funding Inc.                                                             | PPL 5 1/4 09/01/34        | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504656.70    | 0.04%             | 2034-09-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 2.85 04/15/31         | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    700000 | PA      | $634651.42    | 0.05%             | 2031-04-15      | Fixed         | 2.85%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 5.441 02/22/34       | CUSIP: 606822CX0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $928601.59    | 0.08%             | 2034-02-22      | Fixed         | 5.44%                 | No            | 2                  | On Loan: No      |
| American International Group Inc.                                                    | AIG 5 1/8 03/27/33        | CUSIP: 026874DS3<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1114145.62   | 0.09%             | 2033-03-27      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                  | ONCRTX 5.55 06/15/54      | CUSIP: 68233JCU6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    600000 | PA      | $583914.11    | 0.05%             | 2054-06-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Parker-Hannifin Corp.                                                                | PH 4 1/2 09/15/29         | CUSIP: 701094AS3<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1204816.76   | 0.10%             | 2029-09-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Deutsche Telekom International Finance B.V.                                          | DT 8 1/4 06/15/30         | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1408125.89   | 0.12%             | 2030-06-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 2.1 05/01/30           | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $717646.66    | 0.06%             | 2030-05-01      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| American Electric Power Co, Inc.                                                     | AEP 5 5/8 03/01/33        | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    600000 | PA      | $622662.66    | 0.05%             | 2033-03-01      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 5.1 02/20/35          | CUSIP: 907818GG7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606915.82    | 0.05%             | 2035-02-20      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 5 09/30/43            | CUSIP: 055451AV0<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   1300000 | PA      | $1230166.59   | 0.10%             | 2043-09-30      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 3.4 03/22/41           | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1312400.41   | 0.11%             | 2041-03-22      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 2 3/4 01/15/30     | CUSIP: 86562MBW9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $925821.05    | 0.08%             | 2030-01-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 4.8 07/15/46           | CUSIP: 125523CF5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    700000 | PA      | $605140.54    | 0.05%             | 2046-07-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | PFE 5.3 05/19/53          | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1900000 | PA      | $1778137.74   | 0.15%             | 2053-05-19      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 2.545 11/08/32        | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $703250.38    | 0.06%             | 2032-11-08      | Fixed         | 2.54%                 | No            | 2                  | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 5.3 06/15/34          | CUSIP: 341081GU5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    600000 | PA      | $616462.93    | 0.05%             | 2034-06-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Exxon Mobil Corp.                                                                    | XOM 4.327 03/19/50        | CUSIP: 30231GBG6<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    900000 | PA      | $743818.20    | 0.06%             | 2050-03-19      | Fixed         | 4.33%                 | No            | 2                  | On Loan: No      |
| Canadian Natural Resources Limited                                                   | CNQCN 5 12/15/29          | CUSIP: 136385BB6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $604069.49    | 0.05%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.65 03/25/41        | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $548039.10    | 0.05%             | 2041-03-25      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 5 5/8 04/15/53        | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478491.05    | 0.04%             | 2053-04-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5.13 03/03/31        | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $507066.08    | 0.04%             | 2031-03-03      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 1.992 01/27/32         | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1127851.53   | 0.10%             | 2032-01-27      | Fixed         | 1.99%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 6.4 11/15/63          | CUSIP: 110122EC8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $536423.49    | 0.05%             | 2063-11-15      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                              | MPLX 4.7 04/15/48         | CUSIP: 55336VAN0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    700000 | PA      | $566283.69    | 0.05%             | 2048-04-15      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 2.95 03/15/32         | CUSIP: 110122DU9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    700000 | PA      | $633348.39    | 0.05%             | 2032-03-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.452 12/05/29        | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899070.25    | 0.08%             | 2029-12-05      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 3 1/8 11/15/29      | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $471700.99    | 0.04%             | 2029-11-15      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 5.3 08/15/52          | CUSIP: 969457CA6<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    700000 | PA      | $637179.70    | 0.05%             | 2052-08-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 2.802 01/25/52         | CUSIP: 6174468Y8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    900000 | PA      | $558466.94    | 0.05%             | 2052-01-25      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6 1/4 04/15/49         | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $691508.84    | 0.06%             | 2049-04-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.4 03/01/29         | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    600000 | PA      | $617385.52    | 0.05%             | 2029-03-01      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 5.705 05/01/40         | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1093349.04   | 0.09%             | 2040-05-01      | Fixed         | 5.71%                 | No            | 2                  | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 5.8 01/23/59        | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711054.16    | 0.06%             | 2059-01-23      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 5.575 01/29/36        | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    700000 | PA      | $718246.85    | 0.06%             | 2036-01-29      | Fixed         | 5.58%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.926 05/15/37       | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    800000 | PA      | $773298.38    | 0.07%             | 2037-05-15      | Fixed         | 4.93%                 | Yes           | 2                  | On Loan: No      |
| Truist Bank (North Carolina)                                                         | TFC 2 1/4 03/11/30        | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    700000 | PA      | $629693.81    | 0.05%             | 2030-03-11      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Paypal Holdings Inc.                                                                 | PYPL 5.15 06/01/34        | CUSIP: 70450YAP8<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    800000 | PA      | $810296.79    | 0.07%             | 2034-06-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Duke Energy Carolinas  LLC                                                           | DUK 5.35 01/15/53         | CUSIP: 26442CBK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477289.19    | 0.04%             | 2053-01-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 5.4 05/13/64           | CUSIP: 191216DT4<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483857.99    | 0.04%             | 2064-05-13      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 4 1/4 08/09/42         | CUSIP: 02209SAM5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $811703.42    | 0.07%             | 2042-08-09      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 5.6 10/15/54          | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    600000 | PA      | $553116.25    | 0.05%             | 2054-10-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Analog Devices Inc.                                                                  | ADI 2.1 10/01/31          | CUSIP: 032654AV7<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1046379.17   | 0.09%             | 2031-10-01      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| General Dynamics Corporation                                                         | GD 3 5/8 04/01/30         | CUSIP: 369550BM9<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1068116.25   | 0.09%             | 2030-04-01      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5 1/2 05/15/54     | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $549753.13    | 0.05%             | 2054-05-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                                                        | TACHEM 5 11/26/28         | CUSIP: 874060AW6<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $1014286.34   | 0.09%             | 2028-11-26      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Centene Corp.                                                                        | CNC 2 5/8 08/01/31        | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    500000 | PA      | $417838.45    | 0.04%             | 2031-08-01      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| Salesforce Inc.                                                                      | CRM 2.9 07/15/51          | CUSIP: 79466LAL8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $637209.36    | 0.05%             | 2051-07-15      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| Boston Properties LP                                                                 | BXP 6 1/2 01/15/34        | CUSIP: 10112RBH6<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    500000 | PA      | $535464.77    | 0.05%             | 2034-01-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 3.379 02/08/61       | CUSIP: 10373QBQ2<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    800000 | PA      | $515303.77    | 0.04%             | 2061-02-08      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.8 01/15/55       | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    800000 | PA      | $762294.15    | 0.06%             | 2055-01-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.9 06/01/53          | CUSIP: 404119CR8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    400000 | PA      | $384063.10    | 0.03%             | 2053-06-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5.45 03/03/36        | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $906083.69    | 0.08%             | 2036-03-03      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5 1/2 03/01/32        | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410778.60    | 0.03%             | 2032-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 4.65 10/18/30          | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $600266.42    | 0.05%             | 2030-10-18      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Southern Co.                                                                         | SO 4.4 07/01/46           | CUSIP: 842587CX3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $332771.28    | 0.03%             | 2046-07-01      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Telefonica Emisiones S.A.U.                                                          | TELEFO 7.045 06/20/36     | CUSIP: 87938WAC7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    900000 | PA      | $997964.67    | 0.08%             | 2036-06-20      | Fixed         | 7.04%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.516 11/19/55         | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    900000 | PA      | $883556.56    | 0.07%             | 2055-11-19      | Fixed         | 5.52%                 | No            | 2                  | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                                                      | REGN 1 3/4 09/15/30       | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    700000 | PA      | $607993.04    | 0.05%             | 2030-09-15      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 4 5/8 03/15/52        | CUSIP: 404119CL1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    800000 | PA      | $640646.64    | 0.05%             | 2052-03-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.103 04/22/31        | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $715802.08    | 0.06%             | 2031-04-22      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| John Deere Capital Corp.                                                             | DE 5.05 06/12/34          | CUSIP: 24422EXU8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    900000 | PA      | $915232.56    | 0.08%             | 2034-06-12      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.9 02/10/63         | CUSIP: 458140CK4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    600000 | PA      | $545818.38    | 0.05%             | 2063-02-10      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Centene Corp.                                                                        | CNC 2.45 07/15/28         | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $912376.50    | 0.08%             | 2028-07-15      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ANTM 4.65 08/15/44        | CUSIP: 94973VBK2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    800000 | PA      | $689747.09    | 0.06%             | 2044-08-15      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 4.97 05/02/31          | CUSIP: 78017DAH1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $709514.74    | 0.06%             | 2031-05-02      | Fixed         | 4.97%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 4 06/20/42            | CUSIP: 459200HF1<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    700000 | PA      | $577497.55    | 0.05%             | 2042-06-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.087 06/14/29        | CUSIP: 06051GJZ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    600000 | PA      | $561747.75    | 0.05%             | 2029-06-14      | Fixed         | 2.09%                 | No            | 2                  | On Loan: No      |
| Fiserv Inc.                                                                          | FISV 4.4 07/01/49         | CUSIP: 337738AV0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    800000 | PA      | $639947.66    | 0.05%             | 2049-07-01      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 5 1/4 02/15/34         | CUSIP: 125523CV0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606705.37    | 0.05%             | 2034-02-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 6.407 11/01/29         | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $738751.03    | 0.06%             | 2029-11-01      | Fixed         | 6.41%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 5.35 01/31/33         | CUSIP: 29379VCD3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    600000 | PA      | $619840.12    | 0.05%             | 2033-01-31      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 2 5/8 04/01/30        | CUSIP: 717081EW9<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    600000 | PA      | $556258.04    | 0.05%             | 2030-04-01      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5 3/4 07/15/64        | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $573041.84    | 0.05%             | 2064-07-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 5 1/8 05/15/31         | CUSIP: 125523CU2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408789.98    | 0.03%             | 2031-05-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Phillips 66                                                                          | PSX 4 7/8 11/15/44        | CUSIP: 718546AL8<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    900000 | PA      | $780855.66    | 0.07%             | 2044-11-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 2.559 02/25/30       | CUSIP: 606822BR4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $824937.30    | 0.07%             | 2030-02-25      | Fixed         | 2.56%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 6.332 03/09/44       | CUSIP: 404280DW6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1068861.43   | 0.09%             | 2044-03-09      | Fixed         | 6.33%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 3.7 03/01/46          | CUSIP: 478160BV5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    800000 | PA      | $637237.37    | 0.05%             | 2046-03-01      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 4.411 04/23/39         | CUSIP: 38141GXA7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $631495.70    | 0.05%             | 2039-04-23      | Fixed         | 4.41%                 | No            | 2                  | On Loan: No      |
| American Honda Finance Corporation                                                   | HNDA 5 1/8 07/07/28       | CUSIP: 02665WEM9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018810.54   | 0.09%             | 2028-07-07      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 6.692 09/13/34       | CUSIP: 06738ECL7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $655059.70    | 0.06%             | 2034-09-13      | Fixed         | 6.69%                 | No            | 2                  | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                     | MMC 4.9 03/15/49          | CUSIP: 571748BJ0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    800000 | PA      | $717223.33    | 0.06%             | 2049-03-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Equitable Holdings Inc                                                               | EQH 4.35 04/20/28         | CUSIP: 054561AJ4<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1394564.19   | 0.12%             | 2028-04-20      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| Eaton Corp.                                                                          | ETN 4.15 03/15/33         | CUSIP: 278062AH7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1067537.31   | 0.09%             | 2033-03-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| CSX Corporation                                                                      | CSX 4 1/4 03/15/29        | CUSIP: 126408HM8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    700000 | PA      | $697277.95    | 0.06%             | 2029-03-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | PFE 4.65 05/19/30         | CUSIP: 716973AD4<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    600000 | PA      | $605091.33    | 0.05%             | 2030-05-19      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                               | BRK 4 1/4 01/15/49        | CUSIP: 084664CR0<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    800000 | PA      | $667680.44    | 0.06%             | 2049-01-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB 3.547 09/18/31         | CUSIP: 251526CD9<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    800000 | PA      | $751606.18    | 0.06%             | 2031-09-18      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4 5/8 11/01/29         | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502761.64    | 0.04%             | 2029-11-01      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 4.6 09/01/35         | CUSIP: 375558BG7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483798.69    | 0.04%             | 2035-09-01      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 1.9 08/15/40        | CUSIP: 02079KAE7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $931636.19    | 0.08%             | 2040-08-15      | Fixed         | 1.90%                 | No            | 2                  | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                     | MMC 4.85 11/15/31         | CUSIP: 571748CB6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708249.42    | 0.06%             | 2031-11-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 7.122 11/07/33          | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208045.29    | 0.02%             | 2033-11-07      | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| Starbucks Corp.                                                                      | SBUX 2 1/4 03/12/30       | CUSIP: 855244AW9<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    800000 | PA      | $724280.11    | 0.06%             | 2030-03-12      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 3.55 03/22/51          | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1139871.95   | 0.10%             | 2051-03-22      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| EOG Resources Inc.                                                                   | EOG 5.65 12/01/54         | CUSIP: 26875PAW1<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $585553.69    | 0.05%             | 2054-12-01      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4 07/15/46           | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $841679.62    | 0.07%             | 2046-07-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Paramount Global                                                                     | PARA 4.2 05/19/32         | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    800000 | PA      | $734158.02    | 0.06%             | 2032-05-19      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.831 04/19/35         | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1049030.30   | 0.09%             | 2035-04-19      | Fixed         | 5.83%                 | No            | 2                  | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 5.35 09/15/54        | CUSIP: 90353TAQ3<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467903.46    | 0.04%             | 2054-09-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4.8 01/15/30          | CUSIP: 91324PFG2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $808604.66    | 0.07%             | 2030-01-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Apollo Debt Solutions BDC                                                            | APODS 6.7 07/29/31        | CUSIP: 03770DAD5<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520814.24    | 0.04%             | 2031-07-29      | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 6.1 03/15/34          | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    700000 | PA      | $755255.43    | 0.06%             | 2034-03-15      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 3.6 06/21/30           | CUSIP: 37045XCY0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    600000 | PA      | $564061.77    | 0.05%             | 2030-06-21      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 4 1/2 02/01/45       | CUSIP: 375558BA0<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    800000 | PA      | $694375.31    | 0.06%             | 2045-02-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Honeywell International Inc.                                                         | HON 5 02/15/33            | CUSIP: 438516CK0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608367.50    | 0.05%             | 2033-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Healthcare Realty Holdings L.P                                                       | HR 2 03/15/31             | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |    600000 | PA      | $512493.41    | 0.04%             | 2031-03-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.9 11/17/45          | CUSIP: 94974BGQ7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    700000 | PA      | $617899.35    | 0.05%             | 2045-11-17      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.972 07/21/52        | CUSIP: 06051GKB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $711227.96    | 0.06%             | 2052-07-21      | Fixed         | 2.97%                 | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 6.45 09/15/36         | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509573.98    | 0.04%             | 2036-09-15      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.2 07/15/36        | CUSIP: 20030NBT7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    700000 | PA      | $583913.62    | 0.05%             | 2036-07-15      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Exxon Mobil Corp.                                                                    | XOM 4.114 03/01/46        | CUSIP: 30231GAW2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $980137.22    | 0.08%             | 2046-03-01      | Fixed         | 4.11%                 | No            | 2                  | On Loan: No      |
| The Kroger Co.                                                                       | KR 5 09/15/34             | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    900000 | PA      | $891268.26    | 0.08%             | 2034-09-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 6.49 09/13/29        | CUSIP: 06738ECK9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $421362.20    | 0.04%             | 2029-09-13      | Fixed         | 6.49%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 4.583 06/19/29       | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1198469.74   | 0.10%             | 2029-06-19      | Fixed         | 4.58%                 | No            | 2                  | On Loan: No      |
| Otis Worldwide Corp.                                                                 | OTIS 5 1/4 08/16/28       | CUSIP: 68902VAP2<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1431622.74   | 0.12%             | 2028-08-16      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 5.2 01/14/55           | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476942.56    | 0.04%             | 2055-01-14      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | BNSF 5.2 04/15/54         | CUSIP: 12189LBK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $842610.64    | 0.07%             | 2054-04-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.9 04/30/54         | CUSIP: 83444MAS0<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496685.74    | 0.04%             | 2054-04-30      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.4 04/01/30        | CUSIP: 20030NDG3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    900000 | PA      | $860374.68    | 0.07%             | 2030-04-01      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 1 7/8 09/15/31         | CUSIP: 437076CJ9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    700000 | PA      | $601393.18    | 0.05%             | 2031-09-15      | Fixed         | 1.88%                 | No            | 2                  | On Loan: No      |
| NVIDIA Corp.                                                                         | NVDA 2.85 04/01/30        | CUSIP: 67066GAF1<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $944905.18    | 0.08%             | 2030-04-01      | Fixed         | 2.85%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 2.355 03/15/32         | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1634301.06   | 0.14%             | 2032-03-15      | Fixed         | 2.35%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 4 1/4 04/01/46         | CUSIP: 437076BH4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $753075.86    | 0.06%             | 2046-04-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 1.85 09/15/32         | CUSIP: 45866FAN4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    700000 | PA      | $580261.15    | 0.05%             | 2032-09-15      | Fixed         | 1.85%                 | No            | 2                  | On Loan: No      |
| Exelon Corp.                                                                         | EXC 4.05 04/15/30         | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    900000 | PA      | $883388.71    | 0.07%             | 2030-04-15      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 6.35 03/14/34      | CUSIP: 05964HBD6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $630344.27    | 0.05%             | 2034-03-14      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2 7/8 03/25/31       | CUSIP: 68389XCE3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    900000 | PA      | $816231.26    | 0.07%             | 2031-03-25      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| VICI Properties LP                                                                   | VICI 5 1/8 05/15/32       | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499069.58    | 0.04%             | 2032-05-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| American Water Capital Corp                                                          | AWK 4.45 06/01/32         | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    900000 | PA      | $885150.50    | 0.07%             | 2032-06-01      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.05 11/01/34         | CUSIP: 682680CE1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $680865.65    | 0.06%             | 2034-11-01      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5 1/4 03/02/30       | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027590.50   | 0.09%             | 2030-03-02      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Welltower OP LLC                                                                     | WELL 3.1 01/15/30         | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    800000 | PA      | $756061.50    | 0.06%             | 2030-01-15      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.664 04/17/36         | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    600000 | PA      | $619403.09    | 0.05%             | 2036-04-17      | Fixed         | 5.66%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 2.8 08/15/41         | CUSIP: 031162DA5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $719994.90    | 0.06%             | 2041-08-15      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Target Corp.                                                                         | TGT 2.35 02/15/30         | CUSIP: 87612EBJ4<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    800000 | PA      | $736079.93    | 0.06%             | 2030-02-15      | Fixed         | 2.35%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4 3/4 11/01/31         | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600795.98    | 0.05%             | 2031-11-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 4 1/8 06/15/39        | CUSIP: 110122CQ9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    800000 | PA      | $706304.10    | 0.06%             | 2039-06-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 4 1/4 02/15/48        | CUSIP: 29379VBQ5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $887487.57    | 0.07%             | 2048-02-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 5.55 01/23/49       | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1281023.90   | 0.11%             | 2049-01-23      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 5 3/4 03/15/54        | CUSIP: 210385AF7<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589978.12    | 0.05%             | 2054-03-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 5 02/01/33             | CUSIP: 78016FZX5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $915605.82    | 0.08%             | 2033-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 6.491 10/23/34        | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1203048.46   | 0.10%             | 2034-10-23      | Fixed         | 6.49%                 | No            | 2                  | On Loan: No      |
| Constellation Brands, Inc.                                                           | STZ 2 1/4 08/01/31        | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    700000 | PA      | $606816.20    | 0.05%             | 2031-08-01      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 5.3 06/25/54           | CUSIP: 437076DF6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    600000 | PA      | $572543.78    | 0.05%             | 2054-06-25      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 2 05/15/30            | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $623332.75    | 0.05%             | 2030-05-15      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.676 06/19/41        | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1284197.90   | 0.11%             | 2041-06-19      | Fixed         | 2.68%                 | No            | 2                  | On Loan: No      |
| Toyota Motor Credit Corp.                                                            | TOYOTA 3 3/8 04/01/30     | CUSIP: 89236TGY5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    800000 | PA      | $764516.83    | 0.06%             | 2030-04-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| The Boeing Company                                                                   | BA 3 5/8 02/01/31         | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94368.84     | 0.01%             | 2031-02-01      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 2.6 10/01/29          | CUSIP: 883556BZ4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    800000 | PA      | $749469.79    | 0.06%             | 2029-10-01      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| Microchip Technology Incorporated                                                    | MCHP 5.05 03/15/29        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809093.18    | 0.07%             | 2029-03-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5 3/8 07/15/40       | CUSIP: 68389XAM7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    800000 | PA      | $770315.54    | 0.07%             | 2040-07-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.9 03/01/38        | CUSIP: 20030NCJ8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $862301.94    | 0.07%             | 2038-03-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.35 06/01/34         | CUSIP: 46647PDR4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1437179.74   | 0.12%             | 2034-06-01      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.466 01/18/35         | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $717331.01    | 0.06%             | 2035-01-18      | Fixed         | 5.47%                 | No            | 2                  | On Loan: No      |
| Brookfield Finance Inc.                                                              | BAMACN 4.35 04/15/30      | CUSIP: 11271LAE2<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $889630.48    | 0.08%             | 2030-04-15      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.15 04/15/32        | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    700000 | PA      | $673002.01    | 0.06%             | 2032-04-15      | Fixed         | 4.15%                 | Yes           | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 4.3 04/06/29           | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491072.08    | 0.04%             | 2029-04-06      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3.85 05/04/43        | CUSIP: 037833AL4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $917300.24    | 0.08%             | 2043-05-04      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| Canadian Pacific Railway Company                                                     | CP 3 12/02/41             | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $580246.60    | 0.05%             | 2041-12-02      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 5.15 02/27/33         | CUSIP: 75513ECR0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    700000 | PA      | $714974.19    | 0.06%             | 2033-02-27      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Starbucks Corp.                                                                      | SBUX 2.55 11/15/30        | CUSIP: 855244AZ2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    700000 | PA      | $633043.47    | 0.05%             | 2030-11-15      | Fixed         | 2.55%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 5.133 07/20/33       | CUSIP: 606822CK8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $506058.57    | 0.04%             | 2033-07-20      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4.91 05/24/33           | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $798783.42    | 0.07%             | 2033-05-24      | Fixed         | 4.91%                 | No            | 2                  | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 4.15 05/18/43         | CUSIP: 58933YAJ4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    800000 | PA      | $676829.34    | 0.06%             | 2043-05-18      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Expedia Group Inc                                                                    | EXPE 5.4 02/15/35         | CUSIP: 30212PBL8<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604619.00    | 0.05%             | 2035-02-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Exxon Mobil Corp.                                                                    | XOM 3.452 04/15/51        | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $707523.67    | 0.06%             | 2051-04-15      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 3 1/4 08/15/29        | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $758248.02    | 0.06%             | 2029-08-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 4 1/4 05/15/49        | CUSIP: 459200KC4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $964067.04    | 0.08%             | 2049-05-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.493 03/24/31        | CUSIP: 46647PBJ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1295670.65   | 0.11%             | 2031-03-24      | Fixed         | 4.49%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.734 01/28/56         | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005390.29   | 0.08%             | 2056-01-28      | Fixed         | 5.73%                 | No            | 2                  | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 2 1/4 01/15/31        | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    700000 | PA      | $611808.28    | 0.05%             | 2031-01-15      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5 1/8 02/15/30         | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819212.82    | 0.07%             | 2030-02-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| TransCanada Pipelines Limited                                                        | TRPCN 4 5/8 03/01/34      | CUSIP: 89352HAM1<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $573600.48    | 0.05%             | 2034-03-01      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 5.65 12/01/41        | CUSIP: 375558AS2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505671.63    | 0.04%             | 2041-12-01      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                     | KMI 6.95 01/15/38         | CUSIP: 494550AW6<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    500000 | PA      | $550610.68    | 0.05%             | 2038-01-15      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| Newmont Corporation                                                                  | NEM 2 1/4 10/01/30        | CUSIP: 651639AY2<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1360035.87   | 0.11%             | 2030-10-01      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Autozone, Inc.                                                                       | AZO 4 04/15/30            | CUSIP: 053332AZ5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    700000 | PA      | $682819.85    | 0.06%             | 2030-04-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3.95 08/08/52        | CUSIP: 037833EQ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    700000 | PA      | $555277.88    | 0.05%             | 2052-08-08      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 3.35 03/02/33         | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $915692.61    | 0.08%             | 2033-03-02      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.727 04/25/30         | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    600000 | PA      | $623011.82    | 0.05%             | 2030-04-25      | Fixed         | 5.73%                 | No            | 2                  | On Loan: No      |
| Gilead Sciences Inc.                                                                 | GILD 5.55 10/15/53        | CUSIP: 375558CA9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393473.19    | 0.03%             | 2053-10-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 5.05 09/15/33         | CUSIP: 20826FBF2<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711923.18    | 0.06%             | 2033-09-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6.15 11/09/29        | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $742525.90    | 0.06%             | 2029-11-09      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.3 12/05/43          | CUSIP: 126650CD0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $725507.15    | 0.06%             | 2043-12-05      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 1.8 09/22/31          | CUSIP: 931142ET6<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    700000 | PA      | $606638.59    | 0.05%             | 2031-09-22      | Fixed         | 1.80%                 | No            | 2                  | On Loan: No      |
| Hormel Foods Corp                                                                    | HRL 1.8 06/11/30          | CUSIP: 440452AF7<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |    600000 | PA      | $531504.14    | 0.04%             | 2030-06-11      | Fixed         | 1.80%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS - GOVERNMENT PORTFO                     | MS INST LIQ GOVT CL INST  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6 1/4 11/09/32       | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    900000 | PA      | $969553.85    | 0.08%             | 2032-11-09      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3 1/2 04/15/31       | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    800000 | PA      | $750863.52    | 0.06%             | 2031-04-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Canadian Natural Resources Limited                                                   | CNQCN 6 1/4 03/15/38      | CUSIP: 136385AL5<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $619753.70    | 0.05%             | 2038-03-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.55 06/01/34        | CUSIP: 161175CR3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    600000 | PA      | $632707.46    | 0.05%             | 2034-06-01      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 5 1/2 03/15/64       | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $578830.52    | 0.05%             | 2064-03-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 7/8 06/01/53        | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $950553.51    | 0.08%             | 2053-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Huntington Bancshares Incorporated                                                   | HBAN 5.272 01/15/31       | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    700000 | PA      | $714974.09    | 0.06%             | 2031-01-15      | Fixed         | 5.27%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 2.9 05/15/50          | CUSIP: 91324PDZ2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    900000 | PA      | $553311.03    | 0.05%             | 2050-05-15      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.05 09/01/54          | CUSIP: 29273VBB5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480602.06    | 0.04%             | 2054-09-01      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 3.8 12/01/57            | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $1809043.76   | 0.15%             | 2057-12-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.109 04/22/51        | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $538440.18    | 0.05%             | 2051-04-22      | Fixed         | 3.11%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.586 04/26/33        | CUSIP: 46647PDC7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $790846.61    | 0.07%             | 2033-04-26      | Fixed         | 4.59%                 | No            | 2                  | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 3.7 02/10/45          | CUSIP: 58933YAT2<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $858993.34    | 0.07%             | 2045-02-10      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.389 04/24/34        | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1125856.18   | 0.10%             | 2034-04-24      | Fixed         | 5.39%                 | No            | 2                  | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 5.857 03/15/30       | CUSIP: 36267VAH6<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $526016.27    | 0.04%             | 2030-03-15      | Fixed         | 5.86%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 2 1/4 01/05/32         | CUSIP: 191216DP2<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    600000 | PA      | $529170.49    | 0.04%             | 2032-01-05      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Blue Owl Credit Income Corp.                                                         | OCINCC 6.65 03/15/31      | CUSIP: 69120VAZ4<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    900000 | PA      | $926234.66    | 0.08%             | 2031-03-15      | Fixed         | 6.65%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5.1 02/09/64          | CUSIP: 532457CN6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $736881.95    | 0.06%             | 2064-02-09      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Norfolk Southern Corporation                                                         | NSC 3.05 05/15/50         | CUSIP: 655844CF3<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    900000 | PA      | $587137.77    | 0.05%             | 2050-05-15      | Fixed         | 3.05%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.484 10/23/45       | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1366642.90   | 0.12%             | 2045-10-23      | Fixed         | 6.48%                 | No            | 2                  | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 4.8 05/15/33          | CUSIP: 341081GQ4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699947.98    | 0.06%             | 2033-05-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Humana Inc.                                                                          | HUM 5 3/8 04/15/31        | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1428092.13   | 0.12%             | 2031-04-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                               | BRK 4.2 08/15/48          | CUSIP: 084664CQ2<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    900000 | PA      | $747907.66    | 0.06%             | 2048-08-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 6.054 11/05/31          | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300249.75    | 0.03%             | 2031-11-05      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 6 3/4 11/17/28       | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    700000 | PA      | $743158.23    | 0.06%             | 2028-11-17      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5 7/8 11/07/29          | CUSIP: 345397G49<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    700000 | PA      | $701976.40    | 0.06%             | 2029-11-07      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3.45 02/09/45        | CUSIP: 037833BA7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $844723.07    | 0.07%             | 2045-02-09      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| KLA Corp.                                                                            | KLAC 4.95 07/15/52        | CUSIP: 482480AM2<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    700000 | PA      | $636415.25    | 0.05%             | 2052-07-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP 5.535 11/17/28       | CUSIP: 961214FN8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    700000 | PA      | $728424.05    | 0.06%             | 2028-11-17      | Fixed         | 5.54%                 | No            | 2                  | On Loan: No      |
| Fiserv Inc.                                                                          | FI 5.15 08/12/34          | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    600000 | PA      | $596363.38    | 0.05%             | 2034-08-12      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 6.484 10/24/29         | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    800000 | PA      | $845778.09    | 0.07%             | 2029-10-24      | Fixed         | 6.48%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 4.8 02/10/30          | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507132.04    | 0.04%             | 2030-02-10      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS 4.344 01/09/48     | CUSIP: 53944YAE3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $639885.70    | 0.05%             | 2048-01-09      | Fixed         | 4.34%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4 1/4 10/15/30      | CUSIP: 20030NCU3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494960.71    | 0.04%             | 2030-10-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                                                    | RBS 4.892 05/18/29        | CUSIP: 780097BG5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $907771.82    | 0.08%             | 2029-05-18      | Fixed         | 4.89%                 | No            | 2                  | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.2 06/01/34          | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    800000 | PA      | $785658.23    | 0.07%             | 2034-06-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 2.904 11/03/42          | CUSIP: 172967NF4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $567455.14    | 0.05%             | 2042-11-03      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| NXP B V / NXP Funding LLC & NXP USA Inc                                              | NXPI 2 1/2 05/11/31       | CUSIP: 62954HBA5<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $618167.24    | 0.05%             | 2031-05-11      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 2.65 10/21/32          | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $793494.79    | 0.07%             | 2032-10-21      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Northern Trust Corporation                                                           | NTRS 1.95 05/01/30        | CUSIP: 665859AV6<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    700000 | PA      | $628945.59    | 0.05%             | 2030-05-01      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 5.538 03/14/30     | CUSIP: 05964HBB0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $617277.95    | 0.05%             | 2030-03-14      | Fixed         | 5.54%                 | No            | 2                  | On Loan: No      |
| San Diego Gas & Electric Company                                                     | SRE 5.35 04/01/53         | CUSIP: 797440CD4<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    700000 | PA      | $652459.40    | 0.06%             | 2053-04-01      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 4.55 03/15/52       | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $974686.79    | 0.08%             | 2052-03-15      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 3 7/8 08/22/37       | CUSIP: 023135BF2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $899575.75    | 0.08%             | 2037-08-22      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 4.78 03/25/38         | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1554854.09   | 0.13%             | 2038-03-25      | Fixed         | 4.78%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 4.563 06/15/48       | CUSIP: 031162CD0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    800000 | PA      | $675277.85    | 0.06%             | 2048-06-15      | Fixed         | 4.56%                 | No            | 2                  | On Loan: No      |
| Becton, Dickinson and Company                                                        | BDX 1.957 02/11/31        | CUSIP: 075887CL1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $954093.42    | 0.08%             | 2031-02-11      | Fixed         | 1.96%                 | No            | 2                  | On Loan: No      |
| DH Europe Finance II SARL                                                            | DHR 2.6 11/15/29          | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |   1200000 | PA      | $1117681.14   | 0.09%             | 2029-11-15      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5 1/4 02/13/34         | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    900000 | PA      | $911606.03    | 0.08%             | 2034-02-13      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 4 3/8 04/15/40       | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    700000 | PA      | $618725.26    | 0.05%             | 2040-04-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 7.081 08/02/53     | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1005989.94   | 0.08%             | 2053-08-02      | Fixed         | 7.08%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 4.083 03/20/51        | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1427951.29   | 0.12%             | 2051-03-20      | Fixed         | 4.08%                 | No            | 2                  | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 3.65 04/05/29         | CUSIP: 548661DR5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    600000 | PA      | $584446.74    | 0.05%             | 2029-04-05      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 3.897 01/23/49        | CUSIP: 46647PAN6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $549812.14    | 0.05%             | 2049-01-23      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4.075 04/23/29          | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $691822.64    | 0.06%             | 2029-04-23      | Fixed         | 4.08%                 | No            | 2                  | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                      | BHP 5 02/21/30            | CUSIP: 055451BJ6<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    700000 | PA      | $716951.14    | 0.06%             | 2030-02-21      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.7 12/01/32         | CUSIP: 023135CR5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609445.94    | 0.05%             | 2032-12-01      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Target Corp.                                                                         | TGT 4.8 01/15/53          | CUSIP: 87612EBR6<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    800000 | PA      | $709333.96    | 0.06%             | 2053-01-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Nike, Inc.                                                                           | NKE 3 3/8 03/27/50        | CUSIP: 654106AM5<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    800000 | PA      | $565770.11    | 0.05%             | 2050-03-27      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                               | PFE 5.11 05/19/43         | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1100000 | PA      | $1041632.63   | 0.09%             | 2043-05-19      | Fixed         | 5.11%                 | No            | 2                  | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 4 1/2 05/15/30     | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    900000 | PA      | $895973.10    | 0.08%             | 2030-05-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Adobe Inc                                                                            | ADBE 2.3 02/01/30         | CUSIP: 00724PAD1<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    900000 | PA      | $827586.46    | 0.07%             | 2030-02-01      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 5.8 03/01/34          | CUSIP: 22822VBE0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    700000 | PA      | $727063.66    | 0.06%             | 2034-03-01      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| CDX.NA.HY SERIES 44                                                                  | CDX.NA.HY SERIES 44 6/30  | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       | -15000000 | PA      | $1085460.00   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.207 01/28/31         | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    600000 | PA      | $613040.50    | 0.05%             | 2031-01-28      | Fixed         | 5.21%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5.8 03/08/29            | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801780.63    | 0.07%             | 2029-03-08      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| 3M Company                                                                           | MMM 2 3/8 08/26/29        | CUSIP: 88579YBJ9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1481189.02   | 0.13%             | 2029-08-26      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 2.7 08/05/51         | CUSIP: 037833EK2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $623336.38    | 0.05%             | 2051-08-05      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3 3/8 04/15/29       | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    700000 | PA      | $672498.18    | 0.06%             | 2029-04-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| Eastman Chemical Company                                                             | EMN 5 08/01/29            | CUSIP: 277432AZ3<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1213846.32   | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ETP 5.4 10/01/47          | CUSIP: 86765BAV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $624690.84    | 0.05%             | 2047-10-01      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 5.2 03/01/48          | CUSIP: 49456BAQ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    800000 | PA      | $716315.58    | 0.06%             | 2048-03-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 5.69 03/12/30        | CUSIP: 06738ECR4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $412925.92    | 0.03%             | 2030-03-12      | Fixed         | 5.69%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.9 06/01/52         | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $861778.98    | 0.07%             | 2052-06-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 1.65 05/11/30        | CUSIP: 037833DU1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $977907.57    | 0.08%             | 2030-05-11      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Lockheed Martin Corporation                                                          | LMT 5 1/4 01/15/33        | CUSIP: 539830BW8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516151.73    | 0.04%             | 2033-01-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Williams Companies Inc. (The)                                                        | WMB 2.6 03/15/31          | CUSIP: 969457BY5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    900000 | PA      | $804872.93    | 0.07%             | 2031-03-15      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                              | MPLX 5.4 04/01/35         | CUSIP: 55336VBY5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494765.49    | 0.04%             | 2035-04-01      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Trane Technologies Financing Ltd.                                                    | TT 3.8 03/21/29           | CUSIP: 456873AD0<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $588866.46    | 0.05%             | 2029-03-21      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| Dow Chemical Co. (The)                                                               | DOW 4 3/8 11/15/42        | CUSIP: 260543CG6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $796198.21    | 0.07%             | 2042-11-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Woodside Finance Ltd.                                                                | WDSAU 5.1 09/12/34        | CUSIP: 980236AR4<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    700000 | PA      | $679559.96    | 0.06%             | 2034-09-12      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 2.1 04/01/31          | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    800000 | PA      | $688504.46    | 0.06%             | 2031-04-01      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| Regal Rexnord Corporation                                                            | RRX 6.4 04/15/33          | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $528849.80    | 0.04%             | 2033-04-15      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 2.8 09/15/41          | CUSIP: 548661EE3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    700000 | PA      | $486306.74    | 0.04%             | 2041-09-15      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 2.95 04/01/30        | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1023864.07   | 0.09%             | 2030-04-01      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5 3/4 01/15/54       | CUSIP: 87264ADB8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489603.36    | 0.04%             | 2054-01-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Raymond James Financial Inc.                                                         | RJF 4.95 07/15/46         | CUSIP: 754730AF6<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    700000 | PA      | $631649.57    | 0.05%             | 2046-07-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Devon Energy Corporation                                                             | DVN 4 3/4 05/15/42        | CUSIP: 25179MAN3<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    800000 | PA      | $671733.49    | 0.06%             | 2042-05-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ETP 4.95 06/15/28         | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    800000 | PA      | $808418.50    | 0.07%             | 2028-06-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| PNC Financial Services Group Inc.                                                    | PNC 5.492 05/14/30        | CUSIP: 693475BX2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    700000 | PA      | $724703.67    | 0.06%             | 2030-05-14      | Fixed         | 5.49%                 | No            | 2                  | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5 04/01/32           | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606162.83    | 0.05%             | 2032-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Public Service Company of Colorado                                                   | XEL 5 3/4 05/15/54        | CUSIP: 744448DA6<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494321.02    | 0.04%             | 2054-05-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Booking Holdings Inc                                                                 | BKNG 4 5/8 04/13/30       | CUSIP: 09857LAR9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    700000 | PA      | $705516.62    | 0.06%             | 2030-04-13      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4 3/4 05/18/46          | CUSIP: 172967KR1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $778103.14    | 0.07%             | 2046-05-18      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Biogen Inc                                                                           | BIIB 3.15 05/01/50        | CUSIP: 09062XAG8<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $688089.73    | 0.06%             | 2050-05-01      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 2.309 07/20/32       | CUSIP: 606822BX1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $870283.85    | 0.07%             | 2032-07-20      | Fixed         | 2.31%                 | No            | 2                  | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 4.439 10/06/48      | CUSIP: 03523TBT4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    900000 | PA      | $762227.17    | 0.06%             | 2048-10-06      | Fixed         | 4.44%                 | No            | 2                  | On Loan: No      |
| Time Warner Cable LLC                                                                | TWC 6 3/4 06/15/39        | CUSIP: 88732JAU2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $615350.98    | 0.05%             | 2039-06-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Time Warner Cable LLC                                                                | TWC 7.3 07/01/38          | CUSIP: 88732JAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $647135.48    | 0.05%             | 2038-07-01      | Fixed         | 7.30%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 3.03 03/15/52         | CUSIP: 75513ECP4<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $701830.72    | 0.06%             | 2052-03-15      | Fixed         | 3.03%                 | No            | 2                  | On Loan: No      |
| Tyson Foods, Inc.                                                                    | TSN 5.1 09/28/48          | CUSIP: 902494BH5<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $895256.41    | 0.08%             | 2048-09-28      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 1.65 02/08/31        | CUSIP: 037833ED8<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $957633.15    | 0.08%             | 2031-02-08      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6 3/4 01/15/53        | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    700000 | PA      | $727856.21    | 0.06%             | 2053-01-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| M&T Bank Corporation                                                                 | MTB 5.385 01/16/36        | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    700000 | PA      | $697919.07    | 0.06%             | 2036-01-16      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| IBM International Capital Pte. Ltd.                                                  | IBM 5.3 02/05/54          | CUSIP: 449276AG9<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    500000 | PA      | $464927.46    | 0.04%             | 2054-02-05      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 3 3/8 02/21/50       | CUSIP: 031162CS7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $697259.08    | 0.06%             | 2050-02-21      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 7.2 03/15/39          | CUSIP: 717081CY7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1060728.20   | 0.09%             | 2039-03-15      | Fixed         | 7.20%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 2 3/4 06/01/31          | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2622313.08   | 0.22%             | 2031-06-01      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 1.7 10/15/30          | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    700000 | PA      | $606828.85    | 0.05%             | 2030-10-15      | Fixed         | 1.70%                 | No            | 2                  | On Loan: No      |
| The Charles Schwab Corporation                                                       | SCHW 2.9 03/03/32         | CUSIP: 808513CA1<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $719032.56    | 0.06%             | 2032-03-03      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 4 1/8 12/15/46        | CUSIP: 717081ED1<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    800000 | PA      | $650679.54    | 0.05%             | 2046-12-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.656 04/18/30         | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518155.90    | 0.04%             | 2030-04-18      | Fixed         | 5.66%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.2 02/10/33         | CUSIP: 458140CG3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1100322.32   | 0.09%             | 2033-02-10      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.65 01/15/53        | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    800000 | PA      | $772688.75    | 0.07%             | 2053-01-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Fox Corporation                                                                      | FOXA 5.576 01/25/49       | CUSIP: 35137LAK1<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    700000 | PA      | $655868.49    | 0.06%             | 2049-01-25      | Fixed         | 5.58%                 | No            | 2                  | On Loan: No      |
| Truist Financial Corp.                                                               | TFC 5.867 06/08/34        | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    800000 | PA      | $836754.86    | 0.07%             | 2034-06-08      | Fixed         | 5.87%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 6.4 03/15/54          | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    600000 | PA      | $654568.23    | 0.06%             | 2054-03-15      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| Exelon Corp.                                                                         | EXC 4.7 04/15/50          | CUSIP: 30161NAY7<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    900000 | PA      | $756178.61    | 0.06%             | 2050-04-15      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 1 1/2 09/22/28        | CUSIP: 931142ES8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    900000 | PA      | $831815.03    | 0.07%             | 2028-09-22      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 3.9 06/15/47           | CUSIP: 437076BS0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $703941.77    | 0.06%             | 2047-06-15      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.9 05/15/35         | CUSIP: 68389XBE4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $538167.68    | 0.05%             | 2035-05-15      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Vodafone Group PLC                                                                   | VOD 5 3/4 06/28/54        | CUSIP: 92857WCA6<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $765383.48    | 0.06%             | 2054-06-28      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 2.15 12/10/31         | CUSIP: 58933YBE4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    800000 | PA      | $694929.85    | 0.06%             | 2031-12-10      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| Sixth Street Lending Partners                                                        | SIXSLP 6 1/8 07/15/30     | CUSIP: 829932AE2<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611874.65    | 0.05%             | 2030-07-15      | Fixed         | 6.12%                 | Yes           | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 5 1/4 03/15/34        | CUSIP: 65339KCU2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504733.26    | 0.04%             | 2034-03-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 4.977 08/10/30        | CUSIP: 883556CW0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    800000 | PA      | $821063.46    | 0.07%             | 2030-08-10      | Fixed         | 4.98%                 | No            | 2                  | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5.15 04/01/35        | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803244.62    | 0.07%             | 2035-04-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| MetLife Inc.                                                                         | MET 5 1/4 01/15/54        | CUSIP: 59156RCD8<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    500000 | PA      | $469479.01    | 0.04%             | 2054-01-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Phillips 66                                                                          | PSX 5 7/8 05/01/42        | CUSIP: 718546AH7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696479.88    | 0.06%             | 2042-05-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Netflix, Inc.                                                                        | NFLX 5.4 08/15/54         | CUSIP: 64110LBA3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490304.49    | 0.04%             | 2054-08-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER 3.3 01/30/32          | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   1400000 | PA      | $1267196.80   | 0.11%             | 2032-01-30      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 5.55 06/01/45         | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    800000 | PA      | $752069.02    | 0.06%             | 2045-06-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Chubb INA Holdings LLC                                                               | CB 5 03/15/34             | CUSIP: 171239AK2<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809368.81    | 0.07%             | 2034-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 4.95 03/31/30        | CUSIP: 404280CF4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1016194.20   | 0.09%             | 2030-03-31      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5 1/4 04/15/29         | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510193.29    | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 4.972 05/16/29       | CUSIP: 06738EBD6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $908306.49    | 0.08%             | 2029-05-16      | Fixed         | 4.97%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.3 06/01/33          | CUSIP: 126650DY3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $603545.61    | 0.05%             | 2033-06-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                                                        | TACHEM 5.65 07/05/44      | CUSIP: 874060BL9<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $693821.10    | 0.06%             | 2044-07-05      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.45 02/01/50       | CUSIP: 20030NCZ2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $820436.17    | 0.07%             | 2050-02-01      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 5.316 03/26/41          | CUSIP: 172967MM0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $680649.20    | 0.06%             | 2041-03-26      | Fixed         | 5.32%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.4 12/01/30           | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $536674.83    | 0.05%             | 2030-12-01      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| Western Midstream Operating  LP                                                      | WES 4.05 02/01/30         | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    700000 | PA      | $672513.11    | 0.06%             | 2030-02-01      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 5.55 08/15/35        | CUSIP: 87612GAM3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601810.19    | 0.05%             | 2035-08-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 2.65 05/11/50        | CUSIP: 037833DW7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $623033.29    | 0.05%             | 2050-05-11      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Costco Wholesale Corporation                                                         | COST 1.6 04/20/30         | CUSIP: 22160KAP0<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    900000 | PA      | $800344.57    | 0.07%             | 2030-04-20      | Fixed         | 1.60%                 | No            | 2                  | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                                                        | TACHEM 3.175 07/09/50     | CUSIP: 874060AZ9<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $326801.06    | 0.03%             | 2050-07-09      | Fixed         | 3.17%                 | No            | 2                  | On Loan: No      |
| Visa Inc                                                                             | V 4.3 12/14/45            | CUSIP: 92826CAF9<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1380698.82   | 0.12%             | 2045-12-14      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 4 1/2 10/01/29        | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494740.14    | 0.04%             | 2029-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ANTM 3.6 03/15/51         | CUSIP: 036752AS2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $692507.64    | 0.06%             | 2051-03-15      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 5.85 08/15/45      | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970401.30    | 0.08%             | 2045-08-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 3.057 01/25/33          | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $896454.49    | 0.08%             | 2033-01-25      | Fixed         | 3.06%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 3.2 11/21/29         | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1620306.31   | 0.14%             | 2029-11-21      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Energy Company                                                    | BRKHEC 5.15 11/15/43      | CUSIP: 59562VBD8<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $662459.29    | 0.06%             | 2043-11-15      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Citizens Financial Group Inc                                                         | CFG 3 1/4 04/30/30        | CUSIP: 174610AT2<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    600000 | PA      | $560844.98    | 0.05%             | 2030-04-30      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 5.05 03/15/34        | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $810776.10    | 0.07%             | 2034-03-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.6 09/01/34           | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $607069.79    | 0.05%             | 2034-09-01      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 3.8 03/22/30          | CUSIP: 254687FQ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    600000 | PA      | $587231.44    | 0.05%             | 2030-03-22      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2 5/8 02/15/29       | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $470189.10    | 0.04%             | 2029-02-15      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 3.21 04/22/42          | CUSIP: 38141GYC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $673072.26    | 0.06%             | 2042-04-22      | Fixed         | 3.21%                 | No            | 2                  | On Loan: No      |
| Mizuho Financial Group Inc.                                                          | MIZUHO 5.422 05/13/36     | CUSIP: 60687YDJ5<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $608305.64    | 0.05%             | 2036-05-13      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| Chevron USA Inc                                                                      | CVX 4.98 04/15/35         | CUSIP: 166756BF2<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    700000 | PA      | $705495.48    | 0.06%             | 2035-04-15      | Fixed         | 4.98%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.95 07/01/50         | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1242254.30   | 0.10%             | 2050-07-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4 1/2 04/15/33        | CUSIP: 91324PEV0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $678347.38    | 0.06%             | 2033-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 4.95 06/25/34          | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504400.48    | 0.04%             | 2034-06-25      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5 1/2 07/15/44        | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $773007.85    | 0.07%             | 2044-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Inc                                                                  | LNG 4 5/8 10/15/28        | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    900000 | PA      | $895554.73    | 0.08%             | 2028-10-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 2.848 06/04/31       | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $824102.91    | 0.07%             | 2031-06-04      | Fixed         | 2.85%                 | No            | 2                  | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 2 3/4 12/10/51        | CUSIP: 58933YBF1<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $974627.22    | 0.08%             | 2051-12-10      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| The Cigna Group                                                                      | CI 5.6 02/15/54           | CUSIP: 125523CW8<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    700000 | PA      | $664773.61    | 0.06%             | 2054-02-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| McDonald's Corp.                                                                     | MCD 4.45 03/01/47         | CUSIP: 58013MFC3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    700000 | PA      | $587687.83    | 0.05%             | 2047-03-01      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| United Parcel Service, Inc.                                                          | UPS 5.15 05/22/34         | CUSIP: 911312CD6<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509755.94    | 0.04%             | 2034-05-22      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 1.764 11/19/31        | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $606336.72    | 0.05%             | 2031-11-19      | Fixed         | 1.76%                 | No            | 2                  | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5 3/4 11/17/32         | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $630215.07    | 0.05%             | 2032-11-17      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Uber Technologies Inc                                                                | UBER 4.8 09/15/34         | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589972.02    | 0.05%             | 2034-09-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                     | MMC 5.4 03/15/55          | CUSIP: 571748CD2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    700000 | PA      | $668988.42    | 0.06%             | 2055-03-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Merck & Co., Inc                                                                     | MRK 4 1/2 05/17/33        | CUSIP: 58933YBK0<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    600000 | PA      | $595498.58    | 0.05%             | 2033-05-17      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 2.943 01/21/33         | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $715103.69    | 0.06%             | 2033-01-21      | Fixed         | 2.94%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.05 04/15/30        | CUSIP: 11135FCF6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    600000 | PA      | $613577.37    | 0.05%             | 2030-04-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3 02/15/41           | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $805233.24    | 0.07%             | 2041-02-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.611 04/25/53        | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $854288.15    | 0.07%             | 2053-04-25      | Fixed         | 4.61%                 | No            | 2                  | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.65 11/01/28         | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $722190.79    | 0.06%             | 2028-11-01      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 5.8 01/07/29           | CUSIP: 37045XEN2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    600000 | PA      | $618648.10    | 0.05%             | 2029-01-07      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                   | CM 3.6 04/07/32           | CUSIP: 13607HR53<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $745075.48    | 0.06%             | 2032-04-07      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Prologis, L.P.                                                                       | PLD 5 1/8 01/15/34        | CUSIP: 74340XCH2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606808.07    | 0.05%             | 2034-01-15      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 4 1/8 07/25/28          | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $892289.76    | 0.08%             | 2028-07-25      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.384 10/23/35       | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    900000 | PA      | $930722.49    | 0.08%             | 2035-10-23      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                 | SUMIBK 5.766 01/13/33     | CUSIP: 86562MCS7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $735790.57    | 0.06%             | 2033-01-13      | Fixed         | 5.77%                 | No            | 2                  | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5 1/2 04/01/35       | CUSIP: 24703TAP1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505675.11    | 0.04%             | 2035-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 5 1/2 02/12/55        | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498698.88    | 0.04%             | 2055-02-12      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Cooperatieve Rabobank U.A.                                                           | RABOBK 5 3/4 12/01/43     | CUSIP: 21684AAB2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $802745.46    | 0.07%             | 2043-12-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Diageo Capital PLC                                                                   | DGELN 5 5/8 10/05/33      | CUSIP: 25243YBN8<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $525088.66    | 0.04%             | 2033-10-05      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 6 3/8 07/24/42         | CUSIP: 617482V92<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $878695.48    | 0.07%             | 2042-07-24      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4.95 01/15/32         | CUSIP: 91324PFH0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $705541.92    | 0.06%             | 2032-01-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP 2.15 06/03/31        | CUSIP: 961214ET6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $884352.53    | 0.07%             | 2031-06-03      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 2.7 06/10/31           | CUSIP: 37045XDL7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    700000 | PA      | $613957.62    | 0.05%             | 2031-06-10      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Berry Global Inc                                                                     | BERY 5.8 06/15/31         | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    700000 | PA      | $734312.36    | 0.06%             | 2031-06-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| National Bank of Canada                                                              | NACN 5.6 12/18/28         | CUSIP: 63307A2X2<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $619484.15    | 0.05%             | 2028-12-18      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Mizuho Financial Group Inc.                                                          | MIZUHO 5.778 07/06/29     | CUSIP: 60687YCZ0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $930545.42    | 0.08%             | 2029-07-06      | Fixed         | 5.78%                 | No            | 2                  | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5 1/4 02/21/33        | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $702390.23    | 0.06%             | 2033-02-21      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Ares Capital Corp.                                                                   | ARCC 5.8 03/08/32         | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    800000 | PA      | $798529.42    | 0.07%             | 2032-03-08      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| KLA Corp.                                                                            | KLAC 5 1/4 07/15/62       | CUSIP: 482480AN0<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467921.29    | 0.04%             | 2062-07-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5.719 03/04/35       | CUSIP: 404280EE5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $728756.45    | 0.06%             | 2035-03-04      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4.65 02/15/33       | CUSIP: 20030NEC1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494878.85    | 0.04%             | 2033-02-15      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 2.1 05/12/31         | CUSIP: 023135BZ8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    700000 | PA      | $619764.83    | 0.05%             | 2031-05-12      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 6.05 03/05/31           | CUSIP: 345397E25<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501457.57    | 0.04%             | 2031-03-05      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 2.65 01/13/31         | CUSIP: 254687FX9<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    600000 | PA      | $550100.71    | 0.05%             | 2031-01-13      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Dupont De Nemours Inc                                                                | DD 4.725 11/15/28         | CUSIP: 26078JAD2<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809599.94    | 0.07%             | 2028-11-15      | Fixed         | 4.72%                 | No            | 2                  | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 6.377 11/22/52       | CUSIP: 36267VAM5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $538338.31    | 0.05%             | 2052-11-22      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Johnson & Johnson                                                                    | JNJ 1.3 09/01/30          | CUSIP: 478160CQ5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    900000 | PA      | $781648.34    | 0.07%             | 2030-09-01      | Fixed         | 1.30%                 | No            | 2                  | On Loan: No      |
| Exxon Mobil Corp.                                                                    | XOM 3.095 08/16/49        | CUSIP: 30231GAZ5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    700000 | PA      | $467151.41    | 0.04%             | 2049-08-16      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6 1/8 12/15/45         | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $691490.77    | 0.06%             | 2045-12-15      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| Citizens Financial Group Inc                                                         | CFG 5.253 03/05/31        | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506577.52    | 0.04%             | 2031-03-05      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.3 07/08/34         | CUSIP: 68389XAV7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $659354.92    | 0.06%             | 2034-07-08      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 6 1/4 02/01/41         | CUSIP: 38141GGM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $963059.18    | 0.08%             | 2041-02-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.687 04/22/32        | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1255674.42   | 0.11%             | 2032-04-22      | Fixed         | 2.69%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 5.4 03/15/54         | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1062022.82   | 0.09%             | 2054-03-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| WarnerMedia Holdings Inc.                                                            | WBD 4.279 03/15/32        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1162000 | PA      | $979711.25    | 0.08%             | 2032-03-15      | Fixed         | 4.28%                 | No            | 2                  | On Loan: No      |
| Lloyds Banking Group PLC                                                             | LLOYDS 5.721 06/05/30     | CUSIP: 53944YBA0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $726420.07    | 0.06%             | 2030-06-05      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 5.05 02/28/33         | CUSIP: 65339KCP3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    700000 | PA      | $703279.94    | 0.06%             | 2033-02-28      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| TransCanada Pipelines Limited                                                        | TRPCN 6.2 10/15/37        | CUSIP: 89352HAD1<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $940928.30    | 0.08%             | 2037-10-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.6 03/02/43         | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1285660.25   | 0.11%             | 2043-03-02      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.65 11/04/44         | CUSIP: 94974BGE4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $686769.82    | 0.06%             | 2044-11-04      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 1.4 08/05/28         | CUSIP: 037833EH9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $924694.92    | 0.08%             | 2028-08-05      | Fixed         | 1.40%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 6 02/20/34         | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $421523.52    | 0.04%             | 2034-02-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5 1/2 08/03/35       | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507295.95    | 0.04%             | 2035-08-03      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                        | ED 5.7 05/15/54           | CUSIP: 209111GK3<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    800000 | PA      | $796219.94    | 0.07%             | 2054-05-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Inc                                                                  | LNG 5.65 04/15/34         | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508828.31    | 0.04%             | 2034-04-15      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 2 1/2 06/01/40         | CUSIP: 191216CW8<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    800000 | PA      | $579124.52    | 0.05%             | 2040-06-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.65 02/01/34        | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    600000 | PA      | $636367.03    | 0.05%             | 2034-02-01      | Fixed         | 6.65%                 | No            | 2                  | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 5 1/4 02/28/53        | CUSIP: 65339KCQ1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    800000 | PA      | $736644.57    | 0.06%             | 2053-02-28      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Corebridge Financial Inc.                                                            | CRBG 3.9 04/05/32         | CUSIP: 21871XAH2<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    800000 | PA      | $752324.17    | 0.06%             | 2032-04-05      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 6.1 01/07/34           | CUSIP: 37045XEP7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516331.59    | 0.04%             | 2034-01-07      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| The J M Smucker Company                                                              | SJM 6 1/2 11/15/53        | CUSIP: 832696AZ1<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    800000 | PA      | $857689.24    | 0.07%             | 2053-11-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Waste Connections Inc.                                                               | WCNCN 5 03/01/34          | CUSIP: 94106BAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    800000 | PA      | $807405.64    | 0.07%             | 2034-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG New York Branch                                                     | DB 5.403 09/11/35         | CUSIP: 251526CY3<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    500000 | PA      | $499099.43    | 0.04%             | 2035-09-11      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2 1/2 05/15/31       | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $709322.98    | 0.06%             | 2031-05-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 2.45 02/03/32         | CUSIP: 341081GG6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    600000 | PA      | $529316.07    | 0.04%             | 2032-02-03      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.95 06/30/33         | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $731126.74    | 0.06%             | 2033-06-30      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 3.6 04/13/32         | CUSIP: 023135CH7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    800000 | PA      | $763739.06    | 0.06%             | 2032-04-13      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 5.3 10/01/29         | CUSIP: 24703TAG1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513420.11    | 0.04%             | 2029-10-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 5.775 06/12/29        | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    800000 | PA      | $828274.18    | 0.07%             | 2029-06-12      | Fixed         | 5.78%                 | No            | 2                  | On Loan: No      |
| Halliburton Company                                                                  | HAL 7.45 09/15/39         | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    600000 | PA      | $695187.28    | 0.06%             | 2039-09-15      | Fixed         | 7.45%                 | No            | 2                  | On Loan: No      |
| Ford Motor Company                                                                   | F 4 3/4 01/15/43          | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $698008.07    | 0.06%             | 2043-01-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 5.1 02/22/31          | CUSIP: 110122EG9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $617507.46    | 0.05%             | 2031-02-22      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Kraft Heinz Foods Company                                                            | KHC 4 3/8 06/01/46        | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1829178.04   | 0.15%             | 2046-06-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.605 04/23/36        | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $617931.66    | 0.05%             | 2036-04-23      | Fixed         | 5.61%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 6.1 10/15/52          | CUSIP: 036752AX1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504379.31    | 0.04%             | 2052-10-15      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| Iqvia Inc                                                                            | IQV 6 1/4 02/01/29        | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    900000 | PA      | $941105.70    | 0.08%             | 2029-02-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 4.9 02/22/29          | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    700000 | PA      | $713505.92    | 0.06%             | 2029-02-22      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Aon North America Inc.                                                               | AON 5.45 03/01/34         | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $716591.69    | 0.06%             | 2034-03-01      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Target Corp.                                                                         | TGT 5 04/15/35            | CUSIP: 87612EBT2<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799096.77    | 0.07%             | 2035-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 5 3/4 04/18/54       | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    700000 | PA      | $651164.06    | 0.06%             | 2054-04-18      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4 1/4 08/22/57       | CUSIP: 023135BM7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    900000 | PA      | $736694.70    | 0.06%             | 2057-08-22      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.819 09/15/29        | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    800000 | PA      | $830918.85    | 0.07%             | 2029-09-15      | Fixed         | 5.82%                 | No            | 2                  | On Loan: No      |
| Prudential Financial, Inc.                                                           | PRU 3.7 03/13/51          | CUSIP: 74432QCF0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    800000 | PA      | $585328.66    | 0.05%             | 2051-03-13      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Stryker Corporation                                                                  | SYK 1.95 06/15/30         | CUSIP: 863667AY7<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    700000 | PA      | $622988.42    | 0.05%             | 2030-06-15      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.8 05/15/34          | CUSIP: 694308KR7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507775.95    | 0.04%             | 2034-05-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.012 01/23/30        | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711880.08    | 0.06%             | 2030-01-23      | Fixed         | 5.01%                 | No            | 2                  | On Loan: No      |
| Martin Marietta Materials Inc                                                        | MLM 5.15 12/01/34         | CUSIP: 573284BA3<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003740.27   | 0.08%             | 2034-12-01      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5.2 04/15/63          | CUSIP: 91324PEX6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $611370.48    | 0.05%             | 2063-04-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Fox Corporation                                                                      | FOXA 5.476 01/25/39       | CUSIP: 35137LAJ4<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    600000 | PA      | $584538.11    | 0.05%             | 2039-01-25      | Fixed         | 5.48%                 | No            | 2                  | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 4.95 01/15/42       | CUSIP: 035240AG5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    700000 | PA      | $655777.84    | 0.06%             | 2042-01-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3 3/4 09/12/47       | CUSIP: 037833DD9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    900000 | PA      | $706733.96    | 0.06%             | 2047-09-12      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 8 7/8 07/15/30        | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    800000 | PA      | $912494.40    | 0.08%             | 2030-07-15      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| Corning Incorporated                                                                 | GLW 4 3/8 11/15/57        | CUSIP: 219350BF1<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |    700000 | PA      | $561066.01    | 0.05%             | 2057-11-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 2.65 11/20/40          | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1051716.50   | 0.09%             | 2040-11-20      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 3.633 04/06/30       | CUSIP: 10373QBL3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968148.94    | 0.08%             | 2030-04-06      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5.05 05/09/33          | CUSIP: 92343VGT5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807679.41    | 0.07%             | 2033-05-09      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 4.85 04/01/30        | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708003.89    | 0.06%             | 2030-04-01      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Keurig Dr Pepper Inc                                                                 | KDP 4 1/2 04/15/52        | CUSIP: 49271VAR1<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $657365.82    | 0.06%             | 2052-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Cisco Systems, Inc.                                                                  | CSCO 5.05 02/26/34        | CUSIP: 17275RBT8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    900000 | PA      | $916968.67    | 0.08%             | 2034-02-26      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2 7/8 02/15/31       | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $454897.95    | 0.04%             | 2031-02-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| Lockheed Martin Corporation                                                          | LMT 5.2 02/15/55          | CUSIP: 539830CB3<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    600000 | PA      | $559842.70    | 0.05%             | 2055-02-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5.113 05/03/29          | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    600000 | PA      | $587178.41    | 0.05%             | 2029-05-03      | Fixed         | 5.11%                 | No            | 2                  | On Loan: No      |
| Carrier Global Corporation                                                           | CARR 2.722 02/15/30       | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1206984.44   | 0.10%             | 2030-02-15      | Fixed         | 2.72%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.969 11/01/47      | CUSIP: 20030NCC3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $841462.67    | 0.07%             | 2047-11-01      | Fixed         | 3.97%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.203 07/23/29        | CUSIP: 46647PAV8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1191959.39   | 0.10%             | 2029-07-23      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Southern California Edison Company                                                   | EIX 5.45 06/01/31         | CUSIP: 842400JE4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    700000 | PA      | $712973.42    | 0.06%             | 2031-06-01      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Dominion Energy Inc                                                                  | D 5 06/15/30              | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    700000 | PA      | $712198.37    | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 6 1/2 02/15/53       | CUSIP: 87612GAD3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409377.55    | 0.03%             | 2053-02-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| AstraZeneca Finance LLC                                                              | AZN 5 02/26/34            | CUSIP: 04636NAN3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709757.37    | 0.06%             | 2034-02-26      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Sprint Capital Corporation                                                           | S 6 7/8 11/15/28          | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $534522.48    | 0.05%             | 2028-11-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 5.95 04/01/41          | CUSIP: 437076AV4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    600000 | PA      | $632560.48    | 0.05%             | 2041-04-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3 3/4 02/15/51       | CUSIP: 11135FBG5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    800000 | PA      | $599841.26    | 0.05%             | 2051-02-15      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania                                | PNC 4.05 07/26/28         | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296795.36    | 0.03%             | 2028-07-26      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| American Tower Corporation                                                           | AMT 2.1 06/15/30          | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    600000 | PA      | $532914.34    | 0.05%             | 2030-06-15      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.6 04/01/40         | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $868140.56    | 0.07%             | 2040-04-01      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Sprint Capital Corporation                                                           | S 8 3/4 03/15/32          | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $604718.40    | 0.05%             | 2032-03-15      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 3 06/15/50            | CUSIP: 45866FAL8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $785480.40    | 0.07%             | 2050-06-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| L3 Harris Technologies Inc                                                           | LHX 5.4 07/31/33          | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513457.11    | 0.04%             | 2033-07-31      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 3 3/4 11/01/46        | CUSIP: 913017CJ6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    600000 | PA      | $457057.12    | 0.04%             | 2046-11-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 6.303 10/23/29        | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $841806.59    | 0.07%             | 2029-10-23      | Fixed         | 6.30%                 | No            | 2                  | On Loan: No      |
| Valero Energy Corp.                                                                  | VLO 3.65 12/01/51         | CUSIP: 91913YBD1<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $536934.28    | 0.05%             | 2051-12-01      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| American Tower Corporation                                                           | AMT 1 7/8 10/15/30        | CUSIP: 03027XBG4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    600000 | PA      | $520984.43    | 0.04%             | 2030-10-15      | Fixed         | 1.88%                 | No            | 2                  | On Loan: No      |
| The Procter & Gamble Co.                                                             | PG 3 03/25/30             | CUSIP: 742718FH7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    600000 | PA      | $569487.89    | 0.05%             | 2030-03-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Bell Canada                                                                          | BCECN 4.464 04/01/48      | CUSIP: 0778FPAA7<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $725974.43    | 0.06%             | 2048-04-01      | Fixed         | 4.46%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.651 03/11/32        | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    800000 | PA      | $716595.89    | 0.06%             | 2032-03-11      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5 1/2 06/15/47        | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $555538.82    | 0.05%             | 2047-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 3.3 02/15/53          | CUSIP: 29379VCB7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $461664.25    | 0.04%             | 2053-02-15      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                                                          | WMT 2.65 09/22/51         | CUSIP: 931142EV1<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $619367.56    | 0.05%             | 2051-09-22      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.597 03/24/51         | CUSIP: 6174468N2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    700000 | PA      | $692379.05    | 0.06%             | 2051-03-24      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Georgia Power Company                                                                | SO 4.95 05/17/33          | CUSIP: 373334KT7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1105850.65   | 0.09%             | 2033-05-17      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.55 07/01/30         | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1079075.04   | 0.09%             | 2030-07-01      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management                                         | DREY-T O C/M-INS          | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        | 165998566 | PA      | $165998565.89 | 14.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Aon North America Inc.                                                               | AON 5 3/4 03/01/54        | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $780487.40    | 0.07%             | 2054-03-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 2.666 01/29/31          | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $732932.87    | 0.06%             | 2031-01-29      | Fixed         | 2.67%                 | No            | 2                  | On Loan: No      |
| Rio Tinto Finance (USA) Limited                                                      | RIOLN 7 1/8 07/15/28      | CUSIP: 767201AD8<br>LEI: 213800RX94ZKEZXPKH58 | Long             | DBT              | CORP              | AU        |    700000 | PA      | $754294.62    | 0.06%             | 2028-07-15      | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.55 08/15/64        | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $971564.29    | 0.08%             | 2064-08-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 2.496 02/13/31        | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    800000 | PA      | $730358.50    | 0.06%             | 2031-02-13      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Lockheed Martin Corporation                                                          | LMT 4.07 12/15/42         | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $668301.11    | 0.06%             | 2042-12-15      | Fixed         | 4.07%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.45 09/15/34         | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502706.75    | 0.04%             | 2034-09-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Medtronic Global Holdings SCA                                                        | MDT 4 1/2 03/30/33        | CUSIP: 58507LBC2<br>LEI: 549300JXMTTP8GKYIX14 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $493508.62    | 0.04%             | 2033-03-30      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Mondelez International, Inc.                                                         | MDLZ 3 03/17/32           | CUSIP: 609207BB0<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    900000 | PA      | $810908.51    | 0.07%             | 2032-03-17      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED 5.55 03/19/35      | CUSIP: 456837BM4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    900000 | PA      | $919748.12    | 0.08%             | 2035-03-19      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Cisco Systems, Inc.                                                                  | CSCO 5.9 02/15/39         | CUSIP: 17275RAD4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    700000 | PA      | $748572.14    | 0.06%             | 2039-02-15      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Northrop Grumman Corporation                                                         | NOC 5.2 06/01/54          | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    400000 | PA      | $371181.09    | 0.03%             | 2054-06-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 3.7 03/22/61           | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1446681.01   | 0.12%             | 2061-03-22      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| HCA Inc.                                                                             | HCA 6.2 03/01/55          | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500487.45    | 0.04%             | 2055-03-01      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.015 07/22/33        | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1516255.22   | 0.13%             | 2033-07-22      | Fixed         | 5.01%                 | No            | 2                  | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5 05/15/50             | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    800000 | PA      | $669951.90    | 0.06%             | 2050-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3.85 08/04/46        | CUSIP: 037833CD0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    900000 | PA      | $726264.53    | 0.06%             | 2046-08-04      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.192 04/17/31         | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1123880.13   | 0.09%             | 2031-04-17      | Fixed         | 5.19%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4 7/8 11/14/48       | CUSIP: 00287YBD0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    700000 | PA      | $631629.21    | 0.05%             | 2048-11-14      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.45 03/13/31        | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    500000 | PA      | $517878.33    | 0.04%             | 2031-03-13      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.137 11/15/35       | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $923999.64    | 0.08%             | 2035-11-15      | Fixed         | 3.14%                 | Yes           | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 2.95 06/15/29          | CUSIP: 437076BY7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    900000 | PA      | $858843.32    | 0.07%             | 2029-06-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 2.45 06/01/30         | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    900000 | PA      | $815823.55    | 0.07%             | 2030-06-01      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4 7/8 03/15/30       | CUSIP: 00287YDZ9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510201.54    | 0.04%             | 2030-03-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                                                  | MUFG 3.195 07/18/29       | CUSIP: 606822BM5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $858099.88    | 0.07%             | 2029-07-18      | Fixed         | 3.19%                 | No            | 2                  | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB 5.631 01/29/32       | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $621559.68    | 0.05%             | 2032-01-29      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.016 10/23/35         | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1776400.58   | 0.15%             | 2035-10-23      | Fixed         | 5.02%                 | No            | 2                  | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                     | MMC 5 03/15/35            | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    900000 | PA      | $898786.58    | 0.08%             | 2035-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.95 03/15/31        | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408702.40    | 0.03%             | 2031-03-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 3 1/4 08/08/29       | CUSIP: 037833EN6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387221.31    | 0.03%             | 2029-08-08      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.05 08/22/47        | CUSIP: 023135BJ4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $989032.85    | 0.08%             | 2047-08-22      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.05 11/21/39        | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1047464.88   | 0.09%             | 2039-11-21      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 5 1/4 06/15/31        | CUSIP: 45866FBA1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $415001.20    | 0.04%             | 2031-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                         | BACR 2.645 06/24/31       | CUSIP: 06738EBM6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $724953.94    | 0.06%             | 2031-06-24      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Nike, Inc.                                                                           | NKE 2.85 03/27/30         | CUSIP: 654106AK9<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    700000 | PA      | $657620.95    | 0.06%             | 2030-03-27      | Fixed         | 2.85%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 2.699 01/22/31         | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1013811.22   | 0.09%             | 2031-01-22      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Unilever Capital Corporation                                                         | UNANA 5.9 11/15/32        | CUSIP: 904764AH0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $651225.94    | 0.06%             | 2032-11-15      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| TotalEnergies Capital International S.A.                                             | TTEFP 2.829 01/10/30      | CUSIP: 89153VAT6<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $850428.62    | 0.07%             | 2030-01-10      | Fixed         | 2.83%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Inc.                                                              | BRK 4 1/2 02/11/43        | CUSIP: 084670BK3<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $557534.01    | 0.05%             | 2043-02-11      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Bank of Montreal                                                                     | BMO 5.511 06/04/31        | CUSIP: 06368L3L8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $520402.98    | 0.04%             | 2031-06-04      | Fixed         | 5.51%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 3 7/8 08/15/59        | CUSIP: 91324PDV1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $487891.59    | 0.04%             | 2059-08-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.45 05/14/46        | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    900000 | PA      | $770953.75    | 0.07%             | 2046-05-14      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| TotalEnergies Capital S.A.                                                           | TTEFP 5.15 04/05/34       | CUSIP: 89157XAA9<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $614273.86    | 0.05%             | 2034-04-05      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| Republic Services, Inc.                                                              | RSG 3.95 05/15/28         | CUSIP: 760759AT7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1290258.00   | 0.11%             | 2028-05-15      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 6.65 11/15/37         | CUSIP: 254687EH5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    500000 | PA      | $568422.45    | 0.05%             | 2037-11-15      | Fixed         | 6.65%                 | No            | 2                  | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                | ARE 3.55 03/15/52         | CUSIP: 015271AZ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    800000 | PA      | $541986.90    | 0.05%             | 2052-03-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 4 1/2 02/09/29        | CUSIP: 532457CK2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    800000 | PA      | $808208.74    | 0.07%             | 2029-02-09      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Centene Corp.                                                                        | CNC 4 5/8 12/15/29        | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    900000 | PA      | $856378.62    | 0.07%             | 2029-12-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 5 7/8 02/15/53        | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    800000 | PA      | $790992.77    | 0.07%             | 2053-02-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| VICI Properties LP                                                                   | VICI 4.95 02/15/30        | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502501.78    | 0.04%             | 2030-02-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Berkshire Hathaway Energy Company                                                    | BRKHEC 4.6 05/01/53       | CUSIP: 084659BF7<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    900000 | PA      | $756599.11    | 0.06%             | 2053-05-01      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Micron Technology Inc.                                                               | MU 5 7/8 09/15/33         | CUSIP: 595112CB7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1564887.12   | 0.13%             | 2033-09-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.946 10/22/35        | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $692688.19    | 0.06%             | 2035-10-22      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.4 06/15/33          | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $633296.60    | 0.05%             | 2033-06-15      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| Paramount Global                                                                     | PARA 4 3/8 03/15/43       | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    900000 | PA      | $681886.84    | 0.06%             | 2043-03-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| The Toronto-Dominion Bank                                                            | TD 4.783 12/17/29         | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $707151.89    | 0.06%             | 2029-12-17      | Fixed         | 4.78%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 5.046 02/12/31        | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    800000 | PA      | $812816.74    | 0.07%             | 2031-02-12      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4.8 05/15/33        | CUSIP: 20030NEE7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $595980.49    | 0.05%             | 2033-05-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| GlaxoSmithKline Capital Inc.                                                         | GSK 6 3/8 05/15/38        | CUSIP: 377372AE7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    800000 | PA      | $883860.62    | 0.07%             | 2038-05-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 4.95 02/15/35         | CUSIP: 29379VCG6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694298.02    | 0.06%             | 2035-02-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.244 01/24/31        | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819034.73    | 0.07%             | 2031-01-24      | Fixed         | 5.24%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 4.2 05/15/32          | CUSIP: 91324PEJ7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $578628.97    | 0.05%             | 2032-05-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 5.2 06/01/33          | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803799.01    | 0.07%             | 2033-06-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 3.4 07/15/46        | CUSIP: 20030NBU4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $778577.98    | 0.07%             | 2046-07-15      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Xcel Energy Inc                                                                      | XEL 5.6 04/15/35          | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    700000 | PA      | $713702.29    | 0.06%             | 2035-04-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4 08/15/47          | CUSIP: 20030NBZ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $769276.94    | 0.06%             | 2047-08-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Quest Diagnostics Incorporated                                                       | DGX 2.95 06/30/30         | CUSIP: 74834LBB5<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $464663.67    | 0.04%             | 2030-06-30      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 4.839 02/01/34        | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592525.91    | 0.05%             | 2034-02-01      | Fixed         | 4.84%                 | No            | 2                  | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                  | ABIBB 8.2 01/15/39        | CUSIP: 03523TBF4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    600000 | PA      | $759453.13    | 0.06%             | 2039-01-15      | Fixed         | 8.20%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 6 7/8 02/15/38        | CUSIP: 91324PBK7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $672648.22    | 0.06%             | 2038-02-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 3 1/2 08/01/50        | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    900000 | PA      | $591460.59    | 0.05%             | 2050-08-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 5.2 08/01/29          | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803092.00    | 0.07%             | 2029-08-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                                        | ED 5.9 11/15/53           | CUSIP: 209111GG2<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    700000 | PA      | $714461.76    | 0.06%             | 2053-11-15      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Automatic Data Processing, Inc.                                                      | ADP 4.45 09/09/34         | CUSIP: 053015AH6<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | DBT              | CORP              | US        |    700000 | PA      | $683483.70    | 0.06%             | 2034-09-09      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP 2.963 11/16/40       | CUSIP: 961214EQ2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $592599.15    | 0.05%             | 2040-11-16      | Fixed         | 2.96%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 5.174 02/13/30          | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $814793.93    | 0.07%             | 2030-02-13      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                              | MPLX 5 1/2 06/01/34       | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601174.48    | 0.05%             | 2034-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Exxon Mobil Corp.                                                                    | XOM 4.227 03/19/40        | CUSIP: 30231GBF8<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    800000 | PA      | $710621.27    | 0.06%             | 2040-03-19      | Fixed         | 4.23%                 | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                                | SANTAN 2.749 12/03/30     | CUSIP: 05971KAG4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $890102.36    | 0.08%             | 2030-12-03      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Kenvue Inc.                                                                          | KVUE 5.05 03/22/53        | CUSIP: 49177JAP7<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    800000 | PA      | $734975.25    | 0.06%             | 2053-03-22      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 3 7/8 03/01/52         | CUSIP: 92343VGP3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    600000 | PA      | $446261.57    | 0.04%             | 2052-03-01      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5.286 11/19/30       | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $510720.24    | 0.04%             | 2030-11-19      | Fixed         | 5.29%                 | No            | 2                  | On Loan: No      |
| Novartis Capital Corporation                                                         | NOVNVX 4.4 05/06/44       | CUSIP: 66989HAH1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    800000 | PA      | $707432.52    | 0.06%             | 2044-05-06      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 1.794 02/13/32         | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $855523.04    | 0.07%             | 2032-02-13      | Fixed         | 1.79%                 | No            | 2                  | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 5.7 04/01/55         | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592971.78    | 0.05%             | 2055-04-01      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Carrier Global Corporation                                                           | CARR 2.7 02/15/31         | CUSIP: 14448CAL8<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $998579.67    | 0.08%             | 2031-02-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 1.95 01/15/31       | CUSIP: 20030NDM0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    700000 | PA      | $611196.28    | 0.05%             | 2031-01-15      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 2.55 12/01/33           | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2335370.97   | 0.20%             | 2033-12-01      | Fixed         | 2.55%                 | No            | 2                  | On Loan: No      |
| U.S. Bancorp.                                                                        | USB 5.836 06/12/34        | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $733763.49    | 0.06%             | 2034-06-12      | Fixed         | 5.84%                 | No            | 2                  | On Loan: No      |
| Baxter International, Inc.                                                           | BAX 2.272 12/01/28        | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    900000 | PA      | $837080.21    | 0.07%             | 2028-12-01      | Fixed         | 2.27%                 | No            | 2                  | On Loan: No      |
| General Motors Company                                                               | GM 5.2 04/01/45           | CUSIP: 37045VAJ9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    600000 | PA      | $521974.85    | 0.04%             | 2045-04-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.65 12/01/29        | CUSIP: 023135CQ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    700000 | PA      | $712804.04    | 0.06%             | 2029-12-01      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Boston Properties LP                                                                 | BXP 3 1/4 01/30/31        | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    800000 | PA      | $734135.42    | 0.06%             | 2031-01-30      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                                                      | LLY 4 7/8 02/27/53        | CUSIP: 532457CG1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    700000 | PA      | $635160.55    | 0.05%             | 2053-02-27      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED 5.066 03/25/31     | CUSIP: 456837BR3<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $609046.19    | 0.05%             | 2031-03-25      | Fixed         | 5.07%                 | No            | 2                  | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 3 1/4 05/15/51        | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $654431.25    | 0.06%             | 2051-05-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 5 10/15/34            | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970589.60    | 0.08%             | 2034-10-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                                                    | NWG 5.778 03/01/35        | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $726955.52    | 0.06%             | 2035-03-01      | Fixed         | 5.78%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 4.223 05/01/29         | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1687917.35   | 0.14%             | 2029-05-01      | Fixed         | 4.22%                 | No            | 2                  | On Loan: No      |
| Bristol-Myers Squibb Company                                                         | BMY 3.9 03/15/62          | CUSIP: 110122DX3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $426796.61    | 0.04%             | 2062-03-15      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 5.606 01/15/44        | CUSIP: 949746RF0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $779166.54    | 0.07%             | 2044-01-15      | Fixed         | 5.61%                 | No            | 2                  | On Loan: No      |
| Toyota Motor Credit Corp.                                                            | TOYOTA 5.55 11/20/30      | CUSIP: 89236TLE3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    600000 | PA      | $629359.58    | 0.05%             | 2030-11-20      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Entergy Louisiana LLC                                                                | ETR 5.8 03/15/55          | CUSIP: 29364WBQ0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499571.95    | 0.04%             | 2055-03-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Walt Disney Company                                                                  | DIS 2 09/01/29            | CUSIP: 254687FL5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    600000 | PA      | $549260.77    | 0.05%             | 2029-09-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                             | T 3 1/2 09/15/53          | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2025238.65   | 0.17%             | 2053-09-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Cisco Systems, Inc.                                                                  | CSCO 5 1/2 01/15/40       | CUSIP: 17275RAF9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819436.94    | 0.07%             | 2040-01-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| B.A.T. International Finance PLC                                                     | BATSLN 5.931 02/02/29     | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $626888.29    | 0.05%             | 2029-02-02      | Fixed         | 5.93%                 | No            | 2                  | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 4.55 10/15/29         | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696075.84    | 0.06%             | 2029-10-15      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 6 1/2 09/15/37       | CUSIP: 404280DM8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $953864.17    | 0.08%             | 2037-09-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Novartis Capital Corporation                                                         | NOVNVX 4 11/20/45         | CUSIP: 66989HAK4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    800000 | PA      | $659602.17    | 0.06%             | 2045-11-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 4.1 08/08/62         | CUSIP: 037833ER7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    800000 | PA      | $631416.99    | 0.05%             | 2062-08-08      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Home Depot Inc.                                                                      | HD 2 3/4 09/15/51         | CUSIP: 437076CK6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $611042.66    | 0.05%             | 2051-09-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp.                            | TRGP 5 1/2 03/01/30       | CUSIP: 87612BBQ4<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    800000 | PA      | $812331.43    | 0.07%             | 2030-03-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 5 3/4 02/08/31         | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514546.61    | 0.04%             | 2031-02-08      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | BNSF 5 1/2 03/15/55       | CUSIP: 12189LBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $684584.82    | 0.06%             | 2055-03-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| TransCanada Pipelines Limited                                                        | TRPCN 4.1 04/15/30        | CUSIP: 89352HBA6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1072006.94   | 0.09%             | 2030-04-15      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 6.7 11/15/53        | CUSIP: 29250NBZ7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $648915.71    | 0.05%             | 2053-11-15      | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 4.4 02/22/62         | CUSIP: 031162DG2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    700000 | PA      | $539613.85    | 0.05%             | 2062-02-22      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.3 05/15/35         | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008054.56   | 0.09%             | 2035-05-15      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 5.55 02/16/55         | CUSIP: 29379VCH4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $671861.23    | 0.06%             | 2055-02-16      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Motorola Solutions Inc                                                               | MSI 2.3 11/15/30          | CUSIP: 620076BT5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    800000 | PA      | $710880.66    | 0.06%             | 2030-11-15      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| Phillips 66 Co.                                                                      | PSX 5 1/4 06/15/31        | CUSIP: 718547AU6<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $615810.16    | 0.05%             | 2031-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 2.721 01/12/32       | CUSIP: 10373QBT6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    600000 | PA      | $534529.21    | 0.05%             | 2032-01-12      | Fixed         | 2.72%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.8 11/15/37         | CUSIP: 68389XBP9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    900000 | PA      | $764003.10    | 0.06%             | 2037-11-15      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.572 04/22/36        | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $723607.35    | 0.06%             | 2036-04-22      | Fixed         | 5.57%                 | No            | 2                  | On Loan: No      |
| Zoetis Inc.                                                                          | ZTS 4.7 02/01/43          | CUSIP: 98978VAH6<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    600000 | PA      | $545648.74    | 0.05%             | 2043-02-01      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Midamerican Energy Company                                                           | BRKHEC 5.85 09/15/54      | CUSIP: 595620AY1<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    700000 | PA      | $716061.40    | 0.06%             | 2054-09-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 3.9 03/25/30         | CUSIP: 458140BR0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    600000 | PA      | $577490.87    | 0.05%             | 2030-03-25      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 3.7 02/04/51           | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    900000 | PA      | $621836.83    | 0.05%             | 2051-02-04      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 5.733 05/17/32       | CUSIP: 404280EG0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $415572.84    | 0.04%             | 2032-05-17      | Fixed         | 5.73%                 | No            | 2                  | On Loan: No      |
| Royal Bank of Canada                                                                 | RY 5.2 08/01/28           | CUSIP: 78016HZS2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $820049.21    | 0.07%             | 2028-08-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| IBM International Capital Pte. Ltd.                                                  | IBM 5 1/4 02/05/44        | CUSIP: 449276AF1<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    600000 | PA      | $573587.21    | 0.05%             | 2044-02-05      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Cencora Inc                                                                          | ABC 2.7 03/15/31          | CUSIP: 03073EAT2<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    600000 | PA      | $541494.64    | 0.05%             | 2031-03-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 2.95 09/11/49        | CUSIP: 037833DQ0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    800000 | PA      | $535028.04    | 0.05%             | 2049-09-11      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 3 7/8 02/08/29         | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394066.37    | 0.03%             | 2029-02-08      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| GE Healthcare Technologies Inc.                                                      | GEHC 5.905 11/22/32       | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $637693.54    | 0.05%             | 2032-11-22      | Fixed         | 5.91%                 | No            | 2                  | On Loan: No      |
| Bank of Nova Scotia                                                                  | BNS 5.13 02/14/31         | CUSIP: 06418GAQ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $508800.08    | 0.04%             | 2031-02-14      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| Hess Corporation                                                                     | HES 5.6 02/15/41          | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709690.39    | 0.06%             | 2041-02-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 2.45 02/04/32          | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    800000 | PA      | $688992.46    | 0.06%             | 2032-02-04      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| RTX Corp.                                                                            | RTX 5 3/8 02/27/53        | CUSIP: 75513ECS8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476458.20    | 0.04%             | 2053-02-27      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Enterprise Products Operating LLC                                                    | EPD 5.1 02/15/45          | CUSIP: 29379VBC6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    900000 | PA      | $833932.21    | 0.07%             | 2045-02-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| Abbott Laboratories                                                                  | ABT 4 3/4 11/30/36        | CUSIP: 002824BG4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    600000 | PA      | $591147.18    | 0.05%             | 2036-11-30      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5 3/4 04/01/48       | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $974613.68    | 0.08%             | 2048-04-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5.401 07/02/37         | CUSIP: 92343VHA5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2233000 | PA      | $2229578.95   | 0.19%             | 2037-07-02      | Fixed         | 5.40%                 | Yes           | 2                  | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 2.45 02/21/30        | CUSIP: 031162CU2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    700000 | PA      | $639861.78    | 0.05%             | 2030-02-21      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| International Business Machines Corp.                                                | IBM 4.15 05/15/39         | CUSIP: 459200KB6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    800000 | PA      | $701019.91    | 0.06%             | 2039-05-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| L3 Harris Technologies Inc                                                           | LHX 5.35 06/01/34         | CUSIP: 502431AU3<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509662.91    | 0.04%             | 2034-06-01      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Becton, Dickinson and Company                                                        | BDX 2.823 05/20/30        | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $924216.83    | 0.08%             | 2030-05-20      | Fixed         | 2.82%                 | No            | 2                  | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB 6.339 07/27/29       | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1156070.40   | 0.10%             | 2029-07-27      | Fixed         | 6.34%                 | No            | 2                  | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 4.95 11/01/31         | CUSIP: 036752BC6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    700000 | PA      | $704176.75    | 0.06%             | 2031-11-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Bunge Limited Finance Corp.                                                          | BG 2 3/4 05/14/31         | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $901894.08    | 0.08%             | 2031-05-14      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.7 11/01/54          | CUSIP: 682680CF8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $644410.31    | 0.05%             | 2054-11-01      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 3.6 04/01/50         | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1308051.07   | 0.11%             | 2050-04-01      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Union Pacific Corporation                                                            | UNP 3.2 05/20/41          | CUSIP: 907818FT0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    900000 | PA      | $685118.58    | 0.06%             | 2041-05-20      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 5 1/4 03/14/35      | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $914030.37    | 0.08%             | 2035-03-14      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| The Campbells Co.                                                                    | CPB 5.4 03/21/34          | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    800000 | PA      | $808522.45    | 0.07%             | 2034-03-21      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| ConocoPhillips Co.                                                                   | COP 5 1/2 01/15/55        | CUSIP: 20826FBM7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567914.68    | 0.05%             | 2055-01-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| State Street Corp.                                                                   | STT 4.834 04/24/30        | CUSIP: 857477DB6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    800000 | PA      | $812752.06    | 0.07%             | 2030-04-24      | Fixed         | 4.83%                 | No            | 2                  | On Loan: No      |
| Visa Inc                                                                             | V 4.15 12/14/35           | CUSIP: 92826CAE2<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    800000 | PA      | $757093.59    | 0.06%             | 2035-12-14      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 5.35 03/15/35         | CUSIP: 571903BS1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    600000 | PA      | $602539.85    | 0.05%             | 2035-03-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Texas Instruments Incorporated                                                       | TXN 4.15 05/15/48         | CUSIP: 882508BD5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $899251.12    | 0.08%             | 2048-05-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Diageo Capital PLC                                                                   | DGELN 5 1/2 01/24/33      | CUSIP: 25243YBH1<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $521547.22    | 0.04%             | 2033-01-24      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.6 05/15/53         | CUSIP: 30303M8Q8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    800000 | PA      | $794059.47    | 0.07%             | 2053-05-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 4.912 07/25/33        | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1409364.35   | 0.12%             | 2033-07-25      | Fixed         | 4.91%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 5.7 02/10/53         | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    800000 | PA      | $721301.79    | 0.06%             | 2053-02-10      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5 5/8 09/15/34       | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499853.95    | 0.04%             | 2034-09-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 2.561 05/01/32          | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $974377.69    | 0.08%             | 2032-05-01      | Fixed         | 2.56%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM 5.766 04/22/35        | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $839567.72    | 0.07%             | 2035-04-22      | Fixed         | 5.77%                 | No            | 2                  | On Loan: No      |
| Air Products & Chemicals, Inc.                                                       | APD 4.6 02/08/29          | CUSIP: 009158BH8<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809328.02    | 0.07%             | 2029-02-08      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| Bank of America Corp.                                                                | BAC 5.872 09/15/34        | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1264612.15   | 0.11%             | 2034-09-15      | Fixed         | 5.87%                 | No            | 2                  | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 4.39 08/15/37      | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894189.42    | 0.08%             | 2037-08-15      | Fixed         | 4.39%                 | No            | 2                  | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 5.3 05/13/54           | CUSIP: 191216DS6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484827.06    | 0.04%             | 2054-05-13      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| Canadian Pacific Railway Company                                                     | CP 3.1 12/02/51           | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $654092.01    | 0.06%             | 2051-12-02      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4 1/8 05/15/45       | CUSIP: 68389XBF1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    900000 | PA      | $708578.94    | 0.06%             | 2045-05-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 3.9 05/01/45          | CUSIP: 94974BGK0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    700000 | PA      | $556925.93    | 0.05%             | 2045-05-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.8 11/15/28          | CUSIP: 03027XCE8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    700000 | PA      | $726817.07    | 0.06%             | 2028-11-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.45 08/15/52        | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    900000 | PA      | $757776.02    | 0.06%             | 2052-08-15      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 5 02/01/29            | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709390.84    | 0.06%             | 2029-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| MasterCard Incorporated                                                              | MA 3.85 03/26/50          | CUSIP: 57636QAQ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    900000 | PA      | $701343.39    | 0.06%             | 2050-03-26      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 5 3/8 01/01/32        | CUSIP: 674599EK7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496168.82    | 0.04%             | 2032-01-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Fifth Third Bancorp                                                                  | FITB 4.772 07/28/30       | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502138.62    | 0.04%             | 2030-07-28      | Fixed         | 4.77%                 | No            | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 4.65 02/23/46        | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1183812.53   | 0.10%             | 2046-02-23      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| GlaxoSmithKline Capital Inc.                                                         | GSK 4 7/8 04/15/35        | CUSIP: 377372AQ0<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496409.28    | 0.04%             | 2035-04-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC 2.804 05/24/32       | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1068850.46   | 0.09%             | 2032-05-24      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 5 5/8 04/05/34      | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $512015.66    | 0.04%             | 2034-04-05      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 5.424 07/21/34         | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819892.30    | 0.07%             | 2034-07-21      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| General Motors Financial Company  Inc                                                | GM 5.35 01/07/30          | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507197.90    | 0.04%             | 2030-01-07      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC 4.478 04/04/31        | CUSIP: 95000U2L6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $895134.76    | 0.08%             | 2031-04-04      | Fixed         | 4.48%                 | No            | 2                  | On Loan: No      |
| S&P Global Inc                                                                       | SPGI 4 1/4 05/01/29       | CUSIP: 78409VBG8<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    900000 | PA      | $898447.74    | 0.08%             | 2029-05-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 1 1/2 06/03/30       | CUSIP: 023135BS4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    900000 | PA      | $794074.40    | 0.07%             | 2030-06-03      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                       | MS 1.928 04/28/32         | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $685800.06    | 0.06%             | 2032-04-28      | Fixed         | 1.93%                 | No            | 2                  | On Loan: No      |
| Marathon Petroleum Corp.                                                             | MPC 6 1/2 03/01/41        | CUSIP: 56585AAF9<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    700000 | PA      | $731004.56    | 0.06%             | 2041-03-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 4.78 02/15/35          | CUSIP: 92343VGY4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    600000 | PA      | $581800.78    | 0.05%             | 2035-02-15      | Fixed         | 4.78%                 | No            | 2                  | On Loan: No      |
| Royalty Pharma PLC                                                                   | RPRX 3.3 09/02/40         | CUSIP: 78081BAL7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $675539.38    | 0.06%             | 2040-09-02      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.187 11/15/36       | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $825758.44    | 0.07%             | 2036-11-15      | Fixed         | 3.19%                 | Yes           | 2                  | On Loan: No      |
| Apple Inc.                                                                           | AAPL 1 1/4 08/20/30       | CUSIP: 037833DY3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    700000 | PA      | $606583.04    | 0.05%             | 2030-08-20      | Fixed         | 1.25%                 | No            | 2                  | On Loan: No      |
| Aon Corp.                                                                            | AON 3 3/4 05/02/29        | CUSIP: 037389BC6<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976443.48    | 0.08%             | 2029-05-02      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Amphenol Corporation                                                                 | APH 2.8 02/15/30          | CUSIP: 032095AJ0<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935543.22    | 0.08%             | 2030-02-15      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc.                                                                       | C 3.98 03/20/30           | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489443.54    | 0.04%             | 2030-03-20      | Fixed         | 3.98%                 | No            | 2                  | On Loan: No      |
| Universal Health Services, Inc.                                                      | UHS 2.65 10/15/30         | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $619248.71    | 0.05%             | 2030-10-15      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS 5.049 07/23/30         | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711255.63    | 0.06%             | 2030-07-23      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Intel Corporation                                                                    | INTC 3.734 12/08/47       | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $753600.64    | 0.06%             | 2047-12-08      | Fixed         | 3.73%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** Northern Lights Fund Trust

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer