# EDGAR Filing Document

**Accession Number:** 0000789281
**File Stem:** 0001145549-23-017746
**Filing Date:** 2023-3
**Character Count:** 242097
**Document Hash:** 9aa8a75285b594a7088946fed1882784
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017746.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017746

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Income Securities Trust
- **CENTRAL INDEX KEY:** 0000789281
- **IRS NUMBER:** 251412886
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04577
- **FILM NUMBER:** 23755413

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INCOME SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED FLOATING RATE TRUST
- **DATE OF NAME CHANGE:** 19920205

## Series and Classes Contracts Data

### Federated Hermes Intermediate Corporate Bond Fund (Series ID: S000009075)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024655 | Institutional Shares | FIIFX           |
| C000024656 | Service Shares       | INISX           |

## Nport-Ex

Federated Hermes Intermediate Corporate Bond Fund

Portfolio of Investments

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—93.5% |  |
|  | **Basic Industry - Chemicals—0.1%** |  |
| $300000 | RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029 | $285962 |
|  | **Basic Industry - Metals & Mining—0.4%** |  |
| &nbsp;&nbsp; 350000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.250%, 3/17/2028 | &nbsp;&nbsp; 306418 |
| &nbsp;&nbsp; 200000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.875%, 3/17/2031 | &nbsp;&nbsp; 171982 |
| &nbsp;&nbsp; 350000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 4/27/2026 | &nbsp;&nbsp; 315270 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793670 |
|  | **Basic Industry - Paper—0.0%** |  |
| &nbsp;&nbsp; 50000 | Weyerhaeuser Co., Sr. Unsecd. Note, 7.375%, 3/15/2032 | &nbsp;&nbsp; 57806 |
|  | **Capital Goods - Aerospace & Defense—2.4%** |  |
| &nbsp;&nbsp; 300000 | Airbus Group SE, Sr. Unsecd. Note, 144A, 3.150%, 4/10/2027 | &nbsp;&nbsp; 284626 |
| &nbsp;&nbsp; 280000 | BAE Systems Holdings, Inc., Sr. Unsecd. Note, 144A, 3.850%, 12/15/2025 | &nbsp;&nbsp; 273284 |
| &nbsp;&nbsp; 200000 | BAE Systems PLC, Sr. Unsecd. Note, 144A, 3.400%, 4/15/2030 | &nbsp;&nbsp; 183517 |
| &nbsp;&nbsp; 800000 | Boeing Co., Sr. Unsecd. Note, 2.700%, 2/1/2027 | &nbsp;&nbsp; 740167 |
| &nbsp;&nbsp; 430000 | Embraer Netherlands BV, Sr. Unsecd. Note, 5.050%, 6/15/2025 | &nbsp;&nbsp; 424702 |
| &nbsp;&nbsp; 410000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027 | &nbsp;&nbsp; 382096 |
| &nbsp;&nbsp; 500000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 2.300%, 2/15/2031 | &nbsp;&nbsp; 403337 |
| &nbsp;&nbsp; 275000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 3.625%, 5/15/2025 | &nbsp;&nbsp; 266913 |
| &nbsp;&nbsp; 500000 | Lockheed Martin Corp., Sr. Unsecd. Note, 1.850%, 6/15/2030 | &nbsp;&nbsp; 423812 |
| &nbsp;&nbsp; 500000 | Lockheed Martin Corp., Sr. Unsecd. Note, 3.550%, 1/15/2026 | &nbsp;&nbsp; 491479 |
| &nbsp;&nbsp; 600000 | Raytheon Technologies Corp., Sr. Unsecd. Note, 4.125%, 11/16/2028 | &nbsp;&nbsp; 589122 |
| &nbsp;&nbsp; 400000<br><sup>1</sup> <br>| Textron Financial Corp., Jr. Sub. Note, 144A, 6.341% (3-month USLIBOR +1.735%), 2/15/2042 | &nbsp;&nbsp; 310500 |
| &nbsp;&nbsp; 300000 | Textron, Inc., Sr. Unsecd. Note, 4.000%, 3/15/2026 | &nbsp;&nbsp; 292234 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5065789 |
|  | **Capital Goods - Building Materials—1.2%** |  |
| &nbsp;&nbsp; 1100000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | &nbsp;&nbsp; 987474 |
| &nbsp;&nbsp; 950000 | Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.200%, 10/1/2024 | &nbsp;&nbsp; 919254 |
| &nbsp;&nbsp; 250000 | Masco Corp., Sr. Unsecd. Note, 1.500%, 2/15/2028 | &nbsp;&nbsp; 213200 |
| &nbsp;&nbsp; 300000 | Masco Corp., Sr. Unsecd. Note, 2.000%, 10/1/2030 | &nbsp;&nbsp; 243342 |
| &nbsp;&nbsp; 200000 | Masco Corp., Sr. Unsecd. Note, 3.500%, 11/15/2027 | &nbsp;&nbsp; 190989 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2554259 |
|  | **Capital Goods - Construction Machinery—2.3%** |  |
| &nbsp;&nbsp; 1000000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 1.500%, 8/12/2026 | &nbsp;&nbsp; 880774 |
| &nbsp;&nbsp; 205000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.550%, 5/30/2033 | &nbsp;&nbsp; 205912 |
| &nbsp;&nbsp; 400000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.450%, 7/15/2026 | &nbsp;&nbsp; 359198 |
| &nbsp;&nbsp; 500000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 5.450%, 10/14/2025 | &nbsp;&nbsp; 508465 |
| &nbsp;&nbsp; 595000 | CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027 | &nbsp;&nbsp; 578661 |
| &nbsp;&nbsp; 1400000 | John Deere Capital Corp., Sr. Unsecd. Note, 3.400%, 6/6/2025 | &nbsp;&nbsp; 1367183 |
| &nbsp;&nbsp; 400000 | John Deere Capital Corp., Sr. Unsecd. Note, Series MTN, 4.750%, 1/20/2028 | &nbsp;&nbsp; 408656 |
| &nbsp;&nbsp; 510000 | Weir Group PLC/The, Sr. Unsecd. Note, 144A, 2.200%, 5/13/2026 | &nbsp;&nbsp; 457334 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4766183 |
|  | **Capital Goods - Diversified Manufacturing—2.2%** |  |
| &nbsp;&nbsp; 600000 | GE Capital Funding LLC, Sr. Unsecd. Note, 4.400%, 5/15/2030 | &nbsp;&nbsp; 566127 |
| &nbsp;&nbsp; 800000 | Honeywell International, Inc., Sr. Unsecd. Note, 1.100%, 3/1/2027 | &nbsp;&nbsp; 710646 |
| &nbsp;&nbsp; 300000 | Honeywell International, Inc., Sr. Unsecd. Note, 1.950%, 6/1/2030 | &nbsp;&nbsp; 256394 |
| &nbsp;&nbsp; 555000 | Hubbell, Inc., Sr. Unsecd. Note, 2.300%, 3/15/2031 | &nbsp;&nbsp; 457624 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Capital Goods - Diversified Manufacturing—continued** |  |
| $500000 | Lennox International, Inc., Sr. Unsecd. Note, 1.700%, 8/1/2027 | $438144 |
| &nbsp;&nbsp; 1130000 | Roper Technologies, Inc., Sr. Unsecd. Note, 2.000%, 6/30/2030 | &nbsp;&nbsp; 942439 |
| &nbsp;&nbsp; 695000 | Roper Technologies, Inc., Sr. Unsecd. Note, 3.800%, 12/15/2026 | &nbsp;&nbsp; 674893 |
| &nbsp;&nbsp; 500000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 2.400%, 4/1/2028 | &nbsp;&nbsp; 412715 |
| &nbsp;&nbsp; 200000 | Wabtec Corp., Sr. Unsecd. Note, 3.200%, 6/15/2025 | &nbsp;&nbsp; 189322 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4648304 |
|  | **Communications - Cable & Satellite—2.1%** |  |
| &nbsp;&nbsp; 1000000 | CCO Safari II LLC, 4.908%, 7/23/2025 | &nbsp;&nbsp; 995390 |
| &nbsp;&nbsp; 400000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 2.800%, 4/1/2031<br>| &nbsp;&nbsp; 327910 |
| &nbsp;&nbsp; 1200000 | Comcast Corp., Sr. Unsecd. Note, 2.350%, 1/15/2027 | &nbsp;&nbsp; 1114226 |
| &nbsp;&nbsp; 750000 | Comcast Corp., Sr. Unsecd. Note, 3.150%, 3/1/2026 | &nbsp;&nbsp; 724293 |
| &nbsp;&nbsp; 1150000 | Comcast Corp., Sr. Unsecd. Note, 4.150%, 10/15/2028 | &nbsp;&nbsp; 1140279 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4302098 |
|  | **Communications - Media & Entertainment—1.4%** |  |
| &nbsp;&nbsp; 565000 | British Sky Broadcasting Group PLC, Sr. Unsecd. Note, 144A, 3.750%, 9/16/2024 | &nbsp;&nbsp; 555548 |
| &nbsp;&nbsp; 210000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.500%, 8/15/2027 | &nbsp;&nbsp; 201799 |
| &nbsp;&nbsp; 250000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.850%, 8/15/2032 | &nbsp;&nbsp; 232569 |
| &nbsp;&nbsp; 500000 | Netflix, Inc., Sr. Unsecd. Note, 4.375%, 11/15/2026 | &nbsp;&nbsp; 496922 |
| &nbsp;&nbsp; 220000 | Paramount Global, Sr. Unsecd. Note, 4.200%, 5/19/2032 | &nbsp;&nbsp; 189144 |
| &nbsp;&nbsp; 605000 | S&P Global, Inc., Sr. Unsecd. Note, 144A, 2.900%, 3/1/2032 | &nbsp;&nbsp; 536411 |
| &nbsp;&nbsp; 355000 | Warnermedia Holdings, Inc., Sr. Unsecd. Note, 144A, 3.755%, 3/15/2027 | &nbsp;&nbsp; 332898 |
| &nbsp;&nbsp; 500000 | Warnermedia Holdings, Inc., Sr. Unsecd. Note, 144A, 4.054%, 3/15/2029 | &nbsp;&nbsp; 459196 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3004487 |
|  | **Communications - Telecom Wireless—2.4%** |  |
| &nbsp;&nbsp; 1000000 | American Tower Corp., Sr. Unsecd. Note, 3.375%, 10/15/2026 | &nbsp;&nbsp; 949643 |
| &nbsp;&nbsp; 500000 | Crown Castle, Inc., Sr. Unsecd. Note, 1.050%, 7/15/2026 | &nbsp;&nbsp; 441419 |
| &nbsp;&nbsp; 880000 | Crown Castle, Inc., Sr. Unsecd. Note, 2.250%, 1/15/2031 | &nbsp;&nbsp; 735422 |
| &nbsp;&nbsp; 700000 | T-Mobile USA, Inc., Series WI, 1.500%, 2/15/2026 | &nbsp;&nbsp; 639020 |
| &nbsp;&nbsp; 1150000 | T-Mobile USA, Inc., Series WI, 3.750%, 4/15/2027 | &nbsp;&nbsp; 1106763 |
| &nbsp;&nbsp; 750000 | T-Mobile USA, Inc., Series WI, 3.875%, 4/15/2030 | &nbsp;&nbsp; 702854 |
| &nbsp;&nbsp; 350000 | Vodafone Group PLC, Sr. Unsecd. Note, 4.375%, 5/30/2028 | &nbsp;&nbsp; 351615 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4926736 |
|  | **Communications - Telecom Wirelines—2.4%** |  |
| &nbsp;&nbsp; 1000000 | AT&T, Inc., Sr. Unsecd. Note, 1.650%, 2/1/2028 | &nbsp;&nbsp; 877109 |
| &nbsp;&nbsp; 600000 | AT&T, Inc., Sr. Unsecd. Note, 2.300%, 6/1/2027 | &nbsp;&nbsp; 548745 |
| &nbsp;&nbsp; 350000 | AT&T, Inc., Sr. Unsecd. Note, 2.550%, 12/1/2033 | &nbsp;&nbsp; 283239 |
| &nbsp;&nbsp; 250000 | AT&T, Inc., Sr. Unsecd. Note, 2.750%, 6/1/2031 | &nbsp;&nbsp; 215849 |
| &nbsp;&nbsp; 220000 | Telefonica SA, Company Guarantee, 7.045%, 6/20/2036 | &nbsp;&nbsp; 241753 |
| &nbsp;&nbsp; 300000 | Verizon Communications, Inc., Sr. Unsecd. Note, 1.750%, 1/20/2031 | &nbsp;&nbsp; 241840 |
| &nbsp;&nbsp; 1000000 | Verizon Communications, Inc., Sr. Unsecd. Note, 2.100%, 3/22/2028 | &nbsp;&nbsp; 892266 |
| &nbsp;&nbsp; 110000 | Verizon Communications, Inc., Sr. Unsecd. Note, 2.550%, 3/21/2031 | &nbsp;&nbsp; 93972 |
| &nbsp;&nbsp; 925000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.150%, 3/22/2030 | &nbsp;&nbsp; 840815 |
| &nbsp;&nbsp; 750000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.500%, 11/1/2024 | &nbsp;&nbsp; 735253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4970841 |
|  | **Consumer Cyclical - Automotive—3.8%** |  |
| &nbsp;&nbsp; 1000000 | American Honda Finance Corp., Sr. Unsecd. Note, 4.700%, 1/12/2028 | &nbsp;&nbsp; 1010219 |
| &nbsp;&nbsp; 700000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.000%, 12/14/2026 | &nbsp;&nbsp; 630641 |
| &nbsp;&nbsp; 1000000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 5.125%, 1/19/2028 | &nbsp;&nbsp; 1010164 |
| &nbsp;&nbsp; 250000 | Ford Motor Co., Sr. Unsecd. Note, 4.346%, 12/8/2026 | &nbsp;&nbsp; 243634 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Cyclical - Automotive—continued** |  |
| $450000 | General Motors Co., Sr. Unsecd. Note, 4.200%, 10/1/2027 | $435516 |
| &nbsp;&nbsp; 250000 | General Motors Co., Sr. Unsecd. Note, 6.125%, 10/1/2025 | &nbsp;&nbsp; 256501 |
| &nbsp;&nbsp; 500000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.700%, 8/20/2027 | &nbsp;&nbsp; 449243 |
| &nbsp;&nbsp; 250000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 6.000%, 1/9/2028 | &nbsp;&nbsp; 257464 |
| &nbsp;&nbsp; 750000 | Mercedes-Benz Finance NA LLC, Sr. Unsecd. Note, 144A, 3.250%, 8/1/2024 | &nbsp;&nbsp; 732360 |
| &nbsp;&nbsp; 850000 | Mercedes-Benz Finance NA LLC, Sr. Unsecd. Note, 144A, 5.250%, 11/29/2027 | &nbsp;&nbsp; 875475 |
| &nbsp;&nbsp; 300000 | Mercedes-Benz Finance NA LLC, Sr. Unsecd. Note, 144A, 5.375%, 11/26/2025 | &nbsp;&nbsp; 304835 |
| &nbsp;&nbsp; 200000 | Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 1.711%, 1/29/2027 | &nbsp;&nbsp; 176453 |
| &nbsp;&nbsp; 500000 | Toyota Motor Credit Corp., Sr. Unsecd. Note, 3.950%, 6/30/2025 | &nbsp;&nbsp; 493588 |
| &nbsp;&nbsp; 665000 | Toyota Motor Credit Corp., Sr. Unsecd. Note, Series MTN, 0.800%, 10/16/2025 | &nbsp;&nbsp; 603524 |
| &nbsp;&nbsp; 500000 | Volkswagen Group of America Finance LLC, Sr. Unsecd. Note, 144A, 1.250%, 11/24/2025 | &nbsp;&nbsp; 452224 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7931841 |
|  | **Consumer Cyclical - Retailers—4.5%** |  |
| &nbsp;&nbsp; 1150000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030 | &nbsp;&nbsp; 1049284 |
| &nbsp;&nbsp; 375000 | Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 2.950%, 1/25/2030 | &nbsp;&nbsp; 328582 |
| &nbsp;&nbsp; 220000 | AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030 | &nbsp;&nbsp; 206641 |
| &nbsp;&nbsp; 900000 | AutoZone, Inc., Sr. Unsecd. Note, 3.750%, 6/1/2027 | &nbsp;&nbsp; 875733 |
| &nbsp;&nbsp; 500000 | AutoZone, Inc., Sr. Unsecd. Note, 4.000%, 4/15/2030 | &nbsp;&nbsp; 477712 |
| &nbsp;&nbsp; 240000 | AutoZone, Inc., Sr. Unsecd. Note, 4.750%, 2/1/2033 | &nbsp;&nbsp; 238850 |
| &nbsp;&nbsp; 450000 | Costco Wholesale Corp., Sr. Unsecd. Note, 1.375%, 6/20/2027 | &nbsp;&nbsp; 402908 |
| &nbsp;&nbsp; 107298 | CVS Health Corp., Pass Thru Cert., 144A, 5.298%, 1/11/2027 | &nbsp;&nbsp; 106274 |
| &nbsp;&nbsp; 300000 | CVS Health Corp., Sr. Unsecd. Note, 1.300%, 8/21/2027 | &nbsp;&nbsp; 260421 |
| &nbsp;&nbsp; 900000 | CVS Health Corp., Sr. Unsecd. Note, 2.625%, 8/15/2024 | &nbsp;&nbsp; 872019 |
| &nbsp;&nbsp; 500000 | CVS Health Corp., Sr. Unsecd. Note, 2.875%, 6/1/2026 | &nbsp;&nbsp; 473440 |
| &nbsp;&nbsp; 990000 | CVS Health Corp., Sr. Unsecd. Note, 4.300%, 3/25/2028 | &nbsp;&nbsp; 973812 |
| &nbsp;&nbsp; 600000 | Dollar General Corp., Sr. Unsecd. Note, 4.150%, 11/1/2025 | &nbsp;&nbsp; 590736 |
| &nbsp;&nbsp; 1000000 | Home Depot, Inc., Sr. Unsecd. Note, 2.125%, 9/15/2026 | &nbsp;&nbsp; 927189 |
| &nbsp;&nbsp; 1000000 | Home Depot, Inc., Sr. Unsecd. Note, 2.500%, 4/15/2027 | &nbsp;&nbsp; 936269 |
| &nbsp;&nbsp; 325000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031 | &nbsp;&nbsp; 262182 |
| &nbsp;&nbsp; 540000 | Tractor Supply Co., Sr. Unsecd. Note, 1.750%, 11/1/2030 | &nbsp;&nbsp; 430659 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9412711 |
|  | **Consumer Cyclical - Services—2.4%** |  |
| &nbsp;&nbsp; 200000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 2.125%, 2/9/2031 | &nbsp;&nbsp; 165140 |
| &nbsp;&nbsp; 355000 | Amazon.com, Inc., Sr. Unsecd. Note, 0.450%, 5/12/2024 | &nbsp;&nbsp; 336852 |
| &nbsp;&nbsp; 300000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.000%, 4/13/2025 | &nbsp;&nbsp; 291342 |
| &nbsp;&nbsp; 670000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.150%, 8/22/2027 | &nbsp;&nbsp; 641027 |
| &nbsp;&nbsp; 300000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.300%, 4/13/2027 | &nbsp;&nbsp; 290276 |
| &nbsp;&nbsp; 400000 | Amazon.com, Inc., Sr. Unsecd. Note, 4.600%, 12/1/2025 | &nbsp;&nbsp; 403729 |
| &nbsp;&nbsp; 400000 | Amazon.com, Inc., Sr. Unsecd. Note, 4.650%, 12/1/2029 | &nbsp;&nbsp; 407313 |
| &nbsp;&nbsp; 500000 | Booking Holdings, Inc., Sr. Unsecd. Note, 3.550%, 3/15/2028 | &nbsp;&nbsp; 479412 |
| &nbsp;&nbsp; 830000 | Booking Holdings, Inc., Sr. Unsecd. Note, 4.625%, 4/13/2030 | &nbsp;&nbsp; 834076 |
| &nbsp;&nbsp; 750000 | Cintas Corp. No. 2, Sr. Unsecd. Note, 3.700%, 4/1/2027 | &nbsp;&nbsp; 731803 |
| &nbsp;&nbsp; 54000 | Expedia Group, Inc., Sr. Unsecd. Note, Series WI, 2.950%, 3/15/2031 | &nbsp;&nbsp; 45516 |
| &nbsp;&nbsp; 280000 | Visa, Inc., Sr. Unsecd. Note, 3.150%, 12/14/2025 | &nbsp;&nbsp; 272055 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4898541 |
|  | **Consumer Non-Cyclical - Food/Beverage—5.6%** |  |
| &nbsp;&nbsp; 1250000 | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 3.650%, 2/1/2026 | &nbsp;&nbsp; 1222108 |
| &nbsp;&nbsp; 1300000 | Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.750%, 1/23/2029 | &nbsp;&nbsp; 1321511 |
| &nbsp;&nbsp; 960000 | Coca-Cola Femsa S.A.B. de C.V., Sr. Unsecd. Note, 2.750%, 1/22/2030 | &nbsp;&nbsp; 863290 |
| &nbsp;&nbsp; 750000 | Constellation Brands, Inc., Sr. Unsecd. Note, 2.875%, 5/1/2030 | &nbsp;&nbsp; 663985 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Food/Beverage—continued** |  |
| $600000 | Constellation Brands, Inc., Sr. Unsecd. Note, 3.600%, 2/15/2028 | $570833 |
| &nbsp;&nbsp; 380000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | &nbsp;&nbsp; 362874 |
| &nbsp;&nbsp; 500000 | Grupo Bimbo S.A.B. de CV, Sr. Unsecd. Note, 144A, 3.875%, 6/27/2024 | &nbsp;&nbsp; 492712 |
| &nbsp;&nbsp; 500000 | International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 1.832%, 10/15/2027 | &nbsp;&nbsp; 432991 |
| &nbsp;&nbsp; 500000 | Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 2.250%, 3/15/2031 | &nbsp;&nbsp; 419414 |
| &nbsp;&nbsp; 400000 | Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 3.430%, 6/15/2027 | &nbsp;&nbsp; 382889 |
| &nbsp;&nbsp; 1017000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 3.000%, 6/1/2026 | &nbsp;&nbsp; 968499 |
| &nbsp;&nbsp; 1200000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, Series WI, 3.875%, 5/15/2027 | &nbsp;&nbsp; 1169804 |
| &nbsp;&nbsp; 500000 | McCormick & Co., Inc., Sr. Unsecd. Note, 3.400%, 8/15/2027 | &nbsp;&nbsp; 476604 |
| &nbsp;&nbsp; 600000 | PepsiCo, Inc., Sr. Unsecd. Note, 2.625%, 7/29/2029 | &nbsp;&nbsp; 546106 |
| &nbsp;&nbsp; 300000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 2.625%, 9/13/2031 | &nbsp;&nbsp; 224711 |
| &nbsp;&nbsp; 470000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030 | &nbsp;&nbsp; 370857 |
| &nbsp;&nbsp; 60000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2027 | &nbsp;&nbsp; 56226 |
| &nbsp;&nbsp; 600000 | Sysco Corp., Sr. Unsecd. Note, 3.250%, 7/15/2027 | &nbsp;&nbsp; 567687 |
| &nbsp;&nbsp; 500000 | Sysco Corp., Sr. Unsecd. Note, 3.300%, 7/15/2026 | &nbsp;&nbsp; 481204 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11594305 |
|  | **Consumer Non-Cyclical - Health Care—2.1%** |  |
| &nbsp;&nbsp; 400000 | Alcon Finance Corp., Sr. Unsecd. Note, 144A, 2.600%, 5/27/2030 | &nbsp;&nbsp; 350118 |
| &nbsp;&nbsp; 400000 | Alcon Finance Corp., Sr. Unsecd. Note, 144A, 2.750%, 9/23/2026 | &nbsp;&nbsp; 372123 |
| &nbsp;&nbsp; 69000 | Becton Dickinson & Co., Sr. Unsecd. Note, 3.734%, 12/15/2024 | &nbsp;&nbsp; 67793 |
| &nbsp;&nbsp; 193000 | Becton Dickinson & Co., Sr. Unsecd. Note, 4.685%, 12/15/2044 | &nbsp;&nbsp; 183767 |
| &nbsp;&nbsp; 185000 | DH Europe Finance II S.a.r.l., Sr. Unsecd. Note, 2.600%, 11/15/2029 | &nbsp;&nbsp; 166507 |
| &nbsp;&nbsp; 600000 | DH Europe Finance II S.a.r.l., Sr. Unsecd. Note, Series 5YR, 2.200%, 11/15/2024 | &nbsp;&nbsp; 576282 |
| &nbsp;&nbsp; 800000 | GE Healthcare Holding LLC, Sr. Unsecd. Note, 144A, 5.857%, 3/15/2030 | &nbsp;&nbsp; 849490 |
| &nbsp;&nbsp; 300000 | GE Healthcare Holding LLC, Sr. Unsecd. Note, 144A, 5.905%, 11/22/2032 | &nbsp;&nbsp; 325368 |
| &nbsp;&nbsp; 900000 | GSK Consumer Healthcare Capital US, Sr. Unsecd. Note, 3.375%, 3/24/2027 | &nbsp;&nbsp; 852382 |
| &nbsp;&nbsp; 500000 | HCA, Inc., 5.000%, 3/15/2024 | &nbsp;&nbsp; 498945 |
| &nbsp;&nbsp; 85000 | HCA, Inc., Sec. Fac. Bond, 144A, 3.125%, 3/15/2027 | &nbsp;&nbsp; 79069 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4321844 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—3.7%** |  |
| &nbsp;&nbsp; 300000 | Abbott Laboratories, Sr. Unsecd. Note, 1.150%, 1/30/2028 | &nbsp;&nbsp; 261238 |
| &nbsp;&nbsp; 510000 | Abbott Laboratories, Sr. Unsecd. Note, 3.750%, 11/30/2026 | &nbsp;&nbsp; 503744 |
| &nbsp;&nbsp; 715000 | AbbVie, Inc., Sr. Unsecd. Note, 2.950%, 11/21/2026 | &nbsp;&nbsp; 676961 |
| &nbsp;&nbsp; 660000 | AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029 | &nbsp;&nbsp; 614065 |
| &nbsp;&nbsp; 67000 | AbbVie, Inc., Sr. Unsecd. Note, 4.750%, 3/15/2045 | &nbsp;&nbsp; 64469 |
| &nbsp;&nbsp; 500000 | Astrazeneca Finance LLC, 1.750%, 5/28/2028 | &nbsp;&nbsp; 440172 |
| &nbsp;&nbsp; 670000 | AstraZeneca PLC, Sr. Unsecd. Note, 0.700%, 4/8/2026 | &nbsp;&nbsp; 598119 |
| &nbsp;&nbsp; 800000 | AstraZeneca PLC, Sr. Unsecd. Note, 3.125%, 6/12/2027 | &nbsp;&nbsp; 765824 |
| &nbsp;&nbsp; 350000 | Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 3.875%, 12/15/2023 | &nbsp;&nbsp; 345627 |
| &nbsp;&nbsp; 1600000 | Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.375%, 12/15/2028 | &nbsp;&nbsp; 1556761 |
| &nbsp;&nbsp; 185000 | Biogen, Inc., Sr. Unsecd. Note, 2.250%, 5/1/2030 | &nbsp;&nbsp; 157021 |
| &nbsp;&nbsp; 500000 | Biogen, Inc., Sr. Unsecd. Note, 4.050%, 9/15/2025 | &nbsp;&nbsp; 491337 |
| &nbsp;&nbsp; 152000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 5.000%, 8/15/2045 | &nbsp;&nbsp; 157205 |
| &nbsp;&nbsp; 610000 | Regeneron Pharmaceuticals, Inc., Sr. Unsecd. Note, 1.750%, 9/15/2030 | &nbsp;&nbsp; 492790 |
| &nbsp;&nbsp; 450000 | Royalty Pharma PLC, Sr. Unsecd. Note, Series WI, 1.200%, 9/2/2025 | &nbsp;&nbsp; 408378 |
| &nbsp;&nbsp; 300000 | Teva Pharmaceutical Finance Netherlands III BV, Sr. Unsecd. Note, 3.150%, 10/1/2026 | &nbsp;&nbsp; 269532 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7803243 |
|  | **Consumer Non-Cyclical - Supermarkets—0.1%** |  |
| &nbsp;&nbsp; 150000 | Kroger Co., Sr. Unsecd. Note, 2.650%, 10/15/2026 | &nbsp;&nbsp; 140229 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Tobacco—1.1%** |  |
| $350000 | Altria Group, Inc., Sr. Unsecd. Note, 4.400%, 2/14/2026 | $348684 |
| &nbsp;&nbsp; 500000 | BAT Capital Corp., Sr. Unsecd. Note, 2.259%, 3/25/2028 | &nbsp;&nbsp; 430266 |
| &nbsp;&nbsp; 250000 | BAT Capital Corp., Sr. Unsecd. Note, 3.462%, 9/6/2029 | &nbsp;&nbsp; 221309 |
| &nbsp;&nbsp; 300000 | BAT Capital Corp., Sr. Unsecd. Note, 7.750%, 10/19/2032 | &nbsp;&nbsp; 334890 |
| &nbsp;&nbsp; 300000 | BAT International Finance PLC, Sr. Unsecd. Note, 144A, 3.950%, 6/15/2025 | &nbsp;&nbsp; 291767 |
| &nbsp;&nbsp; 300000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.125%, 11/17/2027 | &nbsp;&nbsp; 306778 |
| &nbsp;&nbsp; 140000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.625%, 11/17/2029 | &nbsp;&nbsp; 146300 |
| &nbsp;&nbsp; 270000 | Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041 | &nbsp;&nbsp; 282675 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2362669 |
|  | **Energy - Independent—1.8%** |  |
| &nbsp;&nbsp; 500000 | Coterra Energy, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 5/15/2027 | &nbsp;&nbsp; 480203 |
| &nbsp;&nbsp; 250000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 6.250%, 3/15/2033 | &nbsp;&nbsp; 266312 |
| &nbsp;&nbsp; 1000000 | Hess Corp., Sr. Unsecd. Note, 4.300%, 4/1/2027 | &nbsp;&nbsp; 980149 |
| &nbsp;&nbsp; 1000000 | Marathon Oil Corp., Sr. Unsecd. Note, 4.400%, 7/15/2027 | &nbsp;&nbsp; 977631 |
| &nbsp;&nbsp; 200000 | Occidental Petroleum Corp., Sr. Unsecd. Note, 2.900%, 8/15/2024 | &nbsp;&nbsp; 191918 |
| &nbsp;&nbsp; 500000 | Occidental Petroleum Corp., Sr. Unsecd. Note, 3.450%, 7/15/2024 | &nbsp;&nbsp; 487198 |
| &nbsp;&nbsp; 450000 | Pioneer Natural Resources, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2031 | &nbsp;&nbsp; 373538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3756949 |
|  | **Energy - Integrated—2.5%** |  |
| &nbsp;&nbsp; 1500000 | BP Capital Markets America, Inc., Sr. Unsecd. Note, 3.796%, 9/21/2025 | &nbsp;&nbsp; 1485670 |
| &nbsp;&nbsp; 300000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 2.650%, 1/15/2032 | &nbsp;&nbsp; 250011 |
| &nbsp;&nbsp; 500000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 4.250%, 4/15/2027 | &nbsp;&nbsp; 488573 |
| &nbsp;&nbsp; 1000000 | Chevron Corp., Sr. Unsecd. Note, 1.554%, 5/11/2025 | &nbsp;&nbsp; 941689 |
| &nbsp;&nbsp; 1000000 | Chevron U.S.A., Inc., Sr. Unsecd. Note, 1.018%, 8/12/2027 | &nbsp;&nbsp; 876546 |
| &nbsp;&nbsp; 500000 | ConocoPhillips Co., Sr. Unsecd. Note, 2.400%, 3/7/2025 | &nbsp;&nbsp; 478760 |
| &nbsp;&nbsp; 240000 | Husky Energy, Inc., Sr. Unsecd. Note, 4.400%, 4/15/2029 | &nbsp;&nbsp; 225471 |
| &nbsp;&nbsp; 400000 | Shell International Finance B.V., Sr. Unsecd. Note, 2.875%, 5/10/2026 | &nbsp;&nbsp; 381847 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5128567 |
|  | **Energy - Midstream—2.5%** |  |
| &nbsp;&nbsp; 200000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031 | &nbsp;&nbsp; 178405 |
| &nbsp;&nbsp; 500000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029 | &nbsp;&nbsp; 492923 |
| &nbsp;&nbsp; 155000 | Eastern Energy Gas Holdings, Sr. Unsecd. Note, Series A, 2.500%, 11/15/2024 | &nbsp;&nbsp; 149217 |
| &nbsp;&nbsp; 400000 | Energy Transfer Operating, Sr. Unsecd. Note, 3.750%, 5/15/2030 | &nbsp;&nbsp; 367008 |
| &nbsp;&nbsp; 140000 | Energy Transfer LP, Sr. Unsecd. Note, 5.550%, 2/15/2028 | &nbsp;&nbsp; 142459 |
| &nbsp;&nbsp; 645000 | Energy Transfer Partners LP, Sr. Unsecd. Note, 4.900%, 2/1/2024 | &nbsp;&nbsp; 642596 |
| &nbsp;&nbsp; 175000 | MPLX LP, Sr. Unsecd. Note, 1.750%, 3/1/2026 | &nbsp;&nbsp; 159443 |
| &nbsp;&nbsp; 895000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | &nbsp;&nbsp; 868297 |
| &nbsp;&nbsp; 845000 | ONEOK, Inc., Sr. Unsecd. Note, 4.000%, 7/13/2027 | &nbsp;&nbsp; 813421 |
| &nbsp;&nbsp; 250000 | ONEOK, Inc., Sr. Unsecd. Note, 4.550%, 7/15/2028 | &nbsp;&nbsp; 244479 |
| &nbsp;&nbsp; 120000 | ONEOK, Inc., Sr. Unsecd. Note, 6.100%, 11/15/2032 | &nbsp;&nbsp; 126304 |
| &nbsp;&nbsp; 120000 | Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033 | &nbsp;&nbsp; 108854 |
| &nbsp;&nbsp; 600000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.125%, 3/15/2033 | &nbsp;&nbsp; 626511 |
| &nbsp;&nbsp; 400000 | TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027 | &nbsp;&nbsp; 385401 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5305318 |
|  | **Energy - Refining—1.0%** |  |
| &nbsp;&nbsp; 600000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.700%, 5/1/2025 | &nbsp;&nbsp; 599073 |
| &nbsp;&nbsp; 165000 | Phillips 66, Sr. Unsecd. Note, 1.300%, 2/15/2026 | &nbsp;&nbsp; 150062 |
| &nbsp;&nbsp; 965000 | Valero Energy Corp., Sr. Unsecd. Note, 2.150%, 9/15/2027 | &nbsp;&nbsp; 869514 |
| &nbsp;&nbsp; 500000 | Valero Energy Corp., Sr. Unsecd. Note, 4.000%, 4/1/2029 | &nbsp;&nbsp; 483551 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2102200 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—21.3%** |  |
| $500000 | American Express Co., Sr. Unsecd. Note, 1.650%, 11/4/2026 | $451521 |
| &nbsp;&nbsp; 1000000 | American Express Co., Sr. Unsecd. Note, 3.375%, 5/3/2024 | &nbsp;&nbsp; 983027 |
| &nbsp;&nbsp; 300000 | American Express Co., Sr. Unsecd. Note, 5.850%, 11/5/2027 | &nbsp;&nbsp; 317493 |
| &nbsp;&nbsp; 915000 | Associated Banc-Corp., Sub. Note, 4.250%, 1/15/2025 | &nbsp;&nbsp; 893484 |
| &nbsp;&nbsp; 2000000 | Bank of America Corp., Sr. Unsecd. Note, 2.592%, 4/29/2031 | &nbsp;&nbsp; 1711958 |
| &nbsp;&nbsp; 700000 | Bank of America Corp., Sr. Unsecd. Note, 4.571%, 4/27/2033 | &nbsp;&nbsp; 677069 |
| &nbsp;&nbsp; 1500000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 1.197%, 10/24/2026 | &nbsp;&nbsp; 1352991 |
| &nbsp;&nbsp; 500000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 2.456%, 10/22/2025 | &nbsp;&nbsp; 478188 |
| &nbsp;&nbsp; 1240000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 3.824%, 1/20/2028 | &nbsp;&nbsp; 1194475 |
| &nbsp;&nbsp; 250000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, 2.050%, 1/26/2027 | &nbsp;&nbsp; 229807 |
| &nbsp;&nbsp; 400000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 3.250%, 9/11/2024 | &nbsp;&nbsp; 391720 |
| &nbsp;&nbsp; 500000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 3.992%, 6/13/2028 | &nbsp;&nbsp; 487221 |
| &nbsp;&nbsp; 500000 | Capital One Financial Corp., Sr. Unsecd. Note, 5.817%, 2/1/2034 | &nbsp;&nbsp; 504215 |
| &nbsp;&nbsp; 750000 | Citigroup, Inc., 4.125%, 7/25/2028 | &nbsp;&nbsp; 719932 |
| &nbsp;&nbsp; 500000 | Citigroup, Inc., Sr. Unsecd. Note, 1.122%, 1/28/2027 | &nbsp;&nbsp; 445700 |
| &nbsp;&nbsp; 1050000 | Citigroup, Inc., Sr. Unsecd. Note, 2.572%, 6/3/2031 | &nbsp;&nbsp; 891663 |
| &nbsp;&nbsp; 1000000 | Citigroup, Inc., Sr. Unsecd. Note, 3.106%, 4/8/2026 | &nbsp;&nbsp; 959231 |
| &nbsp;&nbsp; 1050000 | Citigroup, Inc., Sr. Unsecd. Note, 3.200%, 10/21/2026 | &nbsp;&nbsp; 995406 |
| &nbsp;&nbsp; 750000 | Citigroup, Inc., Sr. Unsecd. Note, 4.658%, 5/24/2028 | &nbsp;&nbsp; 742578 |
| &nbsp;&nbsp; 250000 | Citizens Bank N.A., Sr. Unsecd. Note, Series BKNT, 3.750%, 2/18/2026 | &nbsp;&nbsp; 242389 |
| &nbsp;&nbsp; 90000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 2.500%, 2/6/2030 | &nbsp;&nbsp; 76636 |
| &nbsp;&nbsp; 635000 | Comerica, Inc., 3.800%, 7/22/2026 | &nbsp;&nbsp; 615358 |
| &nbsp;&nbsp; 1000000 | Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025 | &nbsp;&nbsp; 980485 |
| &nbsp;&nbsp; 500000 | Fifth Third Bancorp, Sr. Unsecd. Note, 2.550%, 5/5/2027 | &nbsp;&nbsp; 461458 |
| &nbsp;&nbsp; 600000 | Fifth Third Bancorp, Sr. Unsecd. Note, 6.361%, 10/27/2028 | &nbsp;&nbsp; 635274 |
| &nbsp;&nbsp; 400000 | Fifth Third Bank, Sr. Unsecd. Note, 5.852%, 10/27/2025 | &nbsp;&nbsp; 406416 |
| &nbsp;&nbsp; 300000 | FNB Corp. (PA), Sr. Unsecd. Note, 5.150%, 8/25/2025 | &nbsp;&nbsp; 299017 |
| &nbsp;&nbsp; 500000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.431%, 3/9/2027 | &nbsp;&nbsp; 448210 |
| &nbsp;&nbsp; 250000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.992%, 1/27/2032 | &nbsp;&nbsp; 200265 |
| &nbsp;&nbsp; 250000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.102%, 2/24/2033 | &nbsp;&nbsp; 214401 |
| &nbsp;&nbsp; 800000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.500%, 11/16/2026 | &nbsp;&nbsp; 768873 |
| &nbsp;&nbsp; 1750000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.691%, 6/5/2028 | &nbsp;&nbsp; 1669785 |
| &nbsp;&nbsp; 250000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.750%, 2/25/2026 | &nbsp;&nbsp; 244376 |
| &nbsp;&nbsp; 1000000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, Series VAR, 1.093%, 12/9/2026 | &nbsp;&nbsp; 894266 |
| &nbsp;&nbsp; 500000 | Goldman Sachs Group, Inc., Sub. Note, 4.250%, 10/21/2025 | &nbsp;&nbsp; 492481 |
| &nbsp;&nbsp; 500000 | Huntington National Bank, Sr. Unsecd. Note, 4.008%, 5/16/2025 | &nbsp;&nbsp; 492433 |
| &nbsp;&nbsp; 1250000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 1.045%, 11/19/2026 | &nbsp;&nbsp; 1119263 |
| &nbsp;&nbsp; 600000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.083%, 4/22/2026 | &nbsp;&nbsp; 563671 |
| &nbsp;&nbsp; 1250000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.545%, 11/8/2032 | &nbsp;&nbsp; 1038379 |
| &nbsp;&nbsp; 500000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.963%, 1/25/2033 | &nbsp;&nbsp; 428964 |
| &nbsp;&nbsp; 1000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.782%, 2/1/2028 | &nbsp;&nbsp; 961782 |
| &nbsp;&nbsp; 500000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.845%, 6/14/2025 | &nbsp;&nbsp; 491374 |
| &nbsp;&nbsp; 350000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 4.586%, 4/26/2033 | &nbsp;&nbsp; 340068 |
| &nbsp;&nbsp; 410000 | M&T Bank Corp., Sr. Unsecd. Note, 4.553%, 8/16/2028 | &nbsp;&nbsp; 409705 |
| &nbsp;&nbsp; 500000 | M&T Bank Corp., Sr. Unsecd. Note, 5.053%, 1/27/2034 | &nbsp;&nbsp; 499108 |
| &nbsp;&nbsp; 500000 | Manufacturers & Traders Trust Co., Sr. Unsecd. Note, 4.650%, 1/27/2026 | &nbsp;&nbsp; 499264 |
| &nbsp;&nbsp; 750000 | Morgan Stanley, Sr. Unsecd. Note, 0.790%, 5/30/2025 | &nbsp;&nbsp; 704395 |
| &nbsp;&nbsp; 500000 | Morgan Stanley, Sr. Unsecd. Note, 0.985%, 12/10/2026 | &nbsp;&nbsp; 445101 |
| &nbsp;&nbsp; 350000 | Morgan Stanley, Sr. Unsecd. Note, 3.625%, 1/20/2027 | &nbsp;&nbsp; 339455 |
| &nbsp;&nbsp; 1130000 | Morgan Stanley, Sr. Unsecd. Note, 5.123%, 2/1/2029 | &nbsp;&nbsp; 1143175 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $500000 | Morgan Stanley, Sr. Unsecd. Note, 6.342%, 10/18/2033 | $550133 |
| &nbsp;&nbsp; 1000000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.239%, 7/21/2032 | &nbsp;&nbsp; 813956 |
| &nbsp;&nbsp; 500000 | Morgan Stanley, Sub. Note, 5.000%, 11/24/2025 | &nbsp;&nbsp; 503061 |
| &nbsp;&nbsp; 1000000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 3.150%, 5/19/2027 | &nbsp;&nbsp; 953686 |
| &nbsp;&nbsp; 700000 | PNC Financial Services Group, Sr. Unsecd. Note, 5.068%, 1/24/2034 | &nbsp;&nbsp; 706640 |
| &nbsp;&nbsp; 500000 | PNC Financial Services Group, Sr. Unsecd. Note, 5.671%, 10/28/2025 | &nbsp;&nbsp; 506841 |
| &nbsp;&nbsp; 107884<br><sup>2</sup> <br>| Regional Diversified Funding, 144A, 9.250%, 3/15/2030 | &nbsp;&nbsp; 45311 |
| &nbsp;&nbsp; 500000 | State Street Corp., Sr. Unsecd. Note, 2.203%, 2/7/2028 | &nbsp;&nbsp; 459459 |
| &nbsp;&nbsp; 300000 | Synovus Financial Corp., Sr. Unsecd. Note, 5.200%, 8/11/2025 | &nbsp;&nbsp; 299966 |
| &nbsp;&nbsp; 500000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.125%, 8/3/2027 | &nbsp;&nbsp; 435024 |
| &nbsp;&nbsp; 750000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 4.123%, 6/6/2028 | &nbsp;&nbsp; 733996 |
| &nbsp;&nbsp; 160000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.122%, 1/26/2034 | &nbsp;&nbsp; 162272 |
| &nbsp;&nbsp; 250000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.900%, 10/28/2026 | &nbsp;&nbsp; 257445 |
| &nbsp;&nbsp; 500000 | US Bancorp, Sr. Unsecd. Note, 4.653%, 2/1/2029 | &nbsp;&nbsp; 499972 |
| &nbsp;&nbsp; 500000 | US Bancorp, Sr. Unsecd. Note, 5.727%, 10/21/2026 | &nbsp;&nbsp; 513912 |
| &nbsp;&nbsp; 500000 | US Bancorp, Sr. Unsecd. Note, Series MTN, 2.215%, 1/27/2028 | &nbsp;&nbsp; 457279 |
| &nbsp;&nbsp; 1050000 | Wells Fargo & Co., Sr. Unsecd. Note, 2.188%, 4/30/2026 | &nbsp;&nbsp; 988112 |
| &nbsp;&nbsp; 445000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.393%, 6/2/2028 | &nbsp;&nbsp; 403535 |
| &nbsp;&nbsp; 250000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.406%, 10/30/2025 | &nbsp;&nbsp; 238753 |
| &nbsp;&nbsp; 750000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.572%, 2/11/2031 | &nbsp;&nbsp; 646960 |
| &nbsp;&nbsp; 1750000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 3.584%, 5/22/2028 | &nbsp;&nbsp; 1664173 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 44393992 |
|  | **Financial Institution - Broker/Asset Mgr/Exchange—1.6%** |  |
| &nbsp;&nbsp; 500000 | Charles Schwab Corp., Sr. Unsecd. Note, 3.300%, 4/1/2027 | &nbsp;&nbsp; 481570 |
| &nbsp;&nbsp; 900000 | FMR LLC, Bond, 144A, 7.570%, 6/15/2029 | &nbsp;&nbsp; 987365 |
| &nbsp;&nbsp; 220000 | Invesco Finance PLC, Sr. Unsecd. Note, 3.750%, 1/15/2026 | &nbsp;&nbsp; 214142 |
| &nbsp;&nbsp; 500000 | Jefferies Group LLC, Sr. Unsecd. Note, 2.625%, 10/15/2031 | &nbsp;&nbsp; 411057 |
| &nbsp;&nbsp; 250000 | Jefferies Group LLC, Sr. Unsecd. Note, 6.500%, 1/20/2043 | &nbsp;&nbsp; 263284 |
| &nbsp;&nbsp; 165000 | Nuveen LLC, Sr. Unsecd. Note, 144A, 4.000%, 11/1/2028 | &nbsp;&nbsp; 159127 |
| &nbsp;&nbsp; 505000 | Raymond James Financial, Inc., Sr. Unsecd. Note, 4.650%, 4/1/2030 | &nbsp;&nbsp; 502666 |
| &nbsp;&nbsp; 400000 | Stifel Financial Corp., Sr. Unsecd. Note, 4.250%, 7/18/2024 | &nbsp;&nbsp; 394932 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3414143 |
|  | **Financial Institution - Finance Companies—1.1%** |  |
| &nbsp;&nbsp; 505000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 1.750%, 1/30/2026 | &nbsp;&nbsp; 454136 |
| &nbsp;&nbsp; 210000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.000%, 10/29/2028 | &nbsp;&nbsp; 185234 |
| &nbsp;&nbsp; 500000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 4.625%, 10/15/2027 | &nbsp;&nbsp; 483772 |
| &nbsp;&nbsp; 600000 | Air Lease Corp., Sr. Unsecd. Note, 1.875%, 8/15/2026 | &nbsp;&nbsp; 535016 |
| &nbsp;&nbsp; 500000 | Air Lease Corp., Sr. Unsecd. Note, 3.625%, 12/1/2027 | &nbsp;&nbsp; 468386 |
| &nbsp;&nbsp; 140000 | Air Lease Corp., Sr. Unsecd. Note, 5.850%, 12/15/2027 | &nbsp;&nbsp; 142970 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2269514 |
|  | **Financial Institution - Insurance - Health—0.7%** |  |
| &nbsp;&nbsp; 645000 | Centene Corp., Sr. Unsecd. Note, 2.450%, 7/15/2028 | &nbsp;&nbsp; 559537 |
| &nbsp;&nbsp; 500000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 2.950%, 10/15/2027 | &nbsp;&nbsp; 472013 |
| &nbsp;&nbsp; 405000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 3.750%, 7/15/2025 | &nbsp;&nbsp; 399645 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1431195 |
|  | **Financial Institution - Insurance - Life—1.0%** |  |
| &nbsp;&nbsp; 250000 | AIA Group Ltd., Sr. Unsecd. Note, 144A, 3.600%, 4/9/2029 | &nbsp;&nbsp; 234924 |
| &nbsp;&nbsp; 500000 | AIG Global Funding, Sr. Note, 144A, 0.650%, 6/17/2024 | &nbsp;&nbsp; 472277 |
| &nbsp;&nbsp; 250000 | American International Group, Inc., Sr. Unsecd. Note, 4.125%, 2/15/2024 | &nbsp;&nbsp; 248451 |
| &nbsp;&nbsp; 148000 | Massachusetts Mutual Life Insurance Co., Sub. Note, 144A, 8.875%, 6/1/2039 | &nbsp;&nbsp; 190955 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Insurance - Life—continued** |  |
| $290000 | Met Life Global Funding I, Sec. Fac. Bond, 144A, 0.550%, 6/7/2024 | $273376 |
| &nbsp;&nbsp; 280000 | MetLife, Inc., Jr. Sub. Note, 10.750%, 8/1/2039 | &nbsp;&nbsp; 385280 |
| &nbsp;&nbsp; 300000 | Penn Mutual Life Insurance Co., Sr. Note, 144A, 7.625%, 6/15/2040 | &nbsp;&nbsp; 340087 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2145350 |
|  | **Financial Institution - Insurance - P&C—0.7%** |  |
| &nbsp;&nbsp; 300000 | Chubb INA Holdings, Inc., Sr. Unsecd. Note, 3.350%, 5/15/2024 | &nbsp;&nbsp; 295093 |
| &nbsp;&nbsp; 300000 | Chubb INA Holdings, Inc., Sr. Unsecd. Note, 3.350%, 5/3/2026 | &nbsp;&nbsp; 290842 |
| &nbsp;&nbsp; 250000 | CNA Financial Corp., Sr. Unsecd. Note, 3.450%, 8/15/2027 | &nbsp;&nbsp; 236905 |
| &nbsp;&nbsp; 400000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | &nbsp;&nbsp; 543834 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1366674 |
|  | **Financial Institution - REIT - Apartment—0.7%** |  |
| &nbsp;&nbsp; 500000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, Series GMTN, 3.500%, 11/15/2024 | &nbsp;&nbsp; 488648 |
| &nbsp;&nbsp; 295000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, Series MTN, 3.350%, 5/15/2027 | &nbsp;&nbsp; 279225 |
| &nbsp;&nbsp; 95000 | Camden Property Trust, Sr. Unsecd. Note, 2.800%, 5/15/2030 | &nbsp;&nbsp; 85375 |
| &nbsp;&nbsp; 300000 | Mid-America Apartment Communities LP, Sr. Unsecd. Note, 3.750%, 6/15/2024 | &nbsp;&nbsp; 294086 |
| &nbsp;&nbsp; 320000 | Mid-America Apartment Communities LP, Sr. Unsub. Note, 1.700%, 2/15/2031 | &nbsp;&nbsp; 258877 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1406211 |
|  | **Financial Institution - REIT - Healthcare—1.0%** |  |
| &nbsp;&nbsp; 250000 | Health Care REIT, Inc., Sr. Unsecd. Note, 4.000%, 6/1/2025 | &nbsp;&nbsp; 244545 |
| &nbsp;&nbsp; 445000 | Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031 | &nbsp;&nbsp; 351534 |
| &nbsp;&nbsp; 710000 | Physicians Realty Trust, Sr. Unsecd. Note, 4.300%, 3/15/2027 | &nbsp;&nbsp; 687844 |
| &nbsp;&nbsp; 400000 | Welltower, Inc., Sr. Unsecd. Note, 2.750%, 1/15/2031 | &nbsp;&nbsp; 335875 |
| &nbsp;&nbsp; 600000 | Welltower, Inc., Sr. Unsecd. Note, 3.100%, 1/15/2030 | &nbsp;&nbsp; 524690 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2144488 |
|  | **Financial Institution - REIT - Office—0.6%** |  |
| &nbsp;&nbsp; 395000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 1.875%, 2/1/2033 | &nbsp;&nbsp; 305677 |
| &nbsp;&nbsp; 750000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028 | &nbsp;&nbsp; 721416 |
| &nbsp;&nbsp; 135000 | Boston Properties LP, Sr. Unsecd. Note, 3.250%, 1/30/2031 | &nbsp;&nbsp; 116187 |
| &nbsp;&nbsp; 120000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032 | &nbsp;&nbsp; 88683 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1231963 |
|  | **Financial Institution - REIT - Other—0.4%** |  |
| &nbsp;&nbsp; 215000 | ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029 | &nbsp;&nbsp; 212469 |
| &nbsp;&nbsp; 210000 | WP Carey, Inc., Sr. Unsecd. Note, 2.400%, 2/1/2031 | &nbsp;&nbsp; 176273 |
| &nbsp;&nbsp; 350000 | WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024 | &nbsp;&nbsp; 346443 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735185 |
|  | **Financial Institution - REIT - Retail—0.7%** |  |
| &nbsp;&nbsp; 250000 | Kimco Realty Corp., Sr. Unsecd. Note, 1.900%, 3/1/2028 | &nbsp;&nbsp; 216035 |
| &nbsp;&nbsp; 340000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.700%, 3/1/2024 | &nbsp;&nbsp; 331663 |
| &nbsp;&nbsp; 250000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.700%, 10/1/2030 | &nbsp;&nbsp; 212710 |
| &nbsp;&nbsp; 500000 | Regency Centers LP, Sr. Unsecd. Note, 3.600%, 2/1/2027 | &nbsp;&nbsp; 477729 |
| &nbsp;&nbsp; 250000 | Regency Centers LP, Sr. Unsecd. Note, 3.750%, 6/15/2024 | &nbsp;&nbsp; 243457 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1481594 |
|  | **Sovereign—0.3%** |  |
| &nbsp;&nbsp; 640000 | Inter-American Development Bank, Series MTN, 6.750%, 7/15/2027 | &nbsp;&nbsp; 709272 |
|  | **Technology—5.6%** |  |
| &nbsp;&nbsp; 815000 | Apple, Inc., Sr. Unsecd. Note, 1.125%, 5/11/2025 | &nbsp;&nbsp; 759366 |
| &nbsp;&nbsp; 1250000 | Apple, Inc., Sr. Unsecd. Note, 1.800%, 9/11/2024 | &nbsp;&nbsp; 1198251 |
| &nbsp;&nbsp; 340000 | Automatic Data Processing, Inc., Sr. Unsecd. Note, 3.375%, 9/15/2025 | &nbsp;&nbsp; 332248 |
| &nbsp;&nbsp; 250000 | Broadcom Corp., Sr. Unsecd. Note, Series WI, 3.625%, 1/15/2024 | &nbsp;&nbsp; 246520 |
| &nbsp;&nbsp; 500000 | Broadcom Corp., Sr. Unsecd. Note, Series WI, 3.875%, 1/15/2027 | &nbsp;&nbsp; 482074 |

---

**8**

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---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $250000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 4.000%, 4/15/2029 | $234582 |
| &nbsp;&nbsp; 250000 | CDW LLC / CDW Finance, Sr. Unsecd. Note, 2.670%, 12/1/2026 | &nbsp;&nbsp; 225086 |
| &nbsp;&nbsp; 300000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.300%, 10/1/2029 | &nbsp;&nbsp; 303112 |
| &nbsp;&nbsp; 150000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 6.020%, 6/15/2026 | &nbsp;&nbsp; 154333 |
| &nbsp;&nbsp; 410000 | Equifax, Inc., Sr. Unsecd. Note, 2.600%, 12/1/2024 | &nbsp;&nbsp; 393346 |
| &nbsp;&nbsp; 500000 | Fiserv, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2030 | &nbsp;&nbsp; 436295 |
| &nbsp;&nbsp; 300000 | Fiserv, Inc., Sr. Unsecd. Note, 2.750%, 7/1/2024 | &nbsp;&nbsp; 290786 |
| &nbsp;&nbsp; 750000 | Fiserv, Inc., Sr. Unsecd. Note, 4.200%, 10/1/2028 | &nbsp;&nbsp; 729101 |
| &nbsp;&nbsp; 300000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 3.000%, 10/30/2029 | &nbsp;&nbsp; 268815 |
| &nbsp;&nbsp; 500000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 4.550%, 10/30/2024 | &nbsp;&nbsp; 497736 |
| &nbsp;&nbsp; 500000 | KLA Corp., Sr. Unsecd. Note, 4.650%, 7/15/2032 | &nbsp;&nbsp; 508418 |
| &nbsp;&nbsp; 385000 | Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029 | &nbsp;&nbsp; 377435 |
| &nbsp;&nbsp; 500000 | Micron Technology, Inc., Sr. Unsecd. Note, 4.185%, 2/15/2027 | &nbsp;&nbsp; 487716 |
| &nbsp;&nbsp; 550000 | Microsoft Corp., Sr. Unsecd. Note, 2.400%, 8/8/2026 | &nbsp;&nbsp; 518941 |
| &nbsp;&nbsp; 200000 | Molex Electronics Technologies LLC, Unsecd. Note, 144A, 3.900%, 4/15/2025 | &nbsp;&nbsp; 191805 |
| &nbsp;&nbsp; 500000 | Oracle Corp., Sr. Unsecd. Note, 1.650%, 3/25/2026 | &nbsp;&nbsp; 456203 |
| &nbsp;&nbsp; 1670000 | Oracle Corp., Sr. Unsecd. Note, 6.150%, 11/9/2029 | &nbsp;&nbsp; 1785864 |
| &nbsp;&nbsp; 250000 | Total System Services, Inc., Sr. Unsecd. Note, 4.800%, 4/1/2026 | &nbsp;&nbsp; 248366 |
| &nbsp;&nbsp; 400000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | &nbsp;&nbsp; 382216 |
| &nbsp;&nbsp; 265000 | VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026 | &nbsp;&nbsp; 234783 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11743398 |
|  | **Technology Services—0.6%** |  |
| &nbsp;&nbsp; 255000 | Fortinet, Inc., Sr. Unsecd. Note, 1.000%, 3/15/2026 | &nbsp;&nbsp; 227092 |
| &nbsp;&nbsp; 320000 | Global Payments, Inc., Sr. Unsecd. Note, 1.200%, 3/1/2026 | &nbsp;&nbsp; 284661 |
| &nbsp;&nbsp; 600000 | Global Payments, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2027 | &nbsp;&nbsp; 540107 |
| &nbsp;&nbsp; 90000 | Global Payments, Inc., Sr. Unsecd. Note, 2.900%, 5/15/2030 | &nbsp;&nbsp; 77322 |
| &nbsp;&nbsp; 145000 | Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031 | &nbsp;&nbsp; 124743 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1253925 |
|  | **Transportation - Airlines—0.1%** |  |
| &nbsp;&nbsp; 175000 | Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025 | &nbsp;&nbsp; 176235 |
|  | **Transportation - Railroads—0.4%** |  |
| &nbsp;&nbsp; 250000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 1.750%, 12/2/2026 | &nbsp;&nbsp; 226433 |
| &nbsp;&nbsp; 250000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.450%, 12/2/2031 | &nbsp;&nbsp; 215989 |
| &nbsp;&nbsp; 400000 | Union Pacific Corp., Sr. Unsecd. Note, 2.150%, 2/5/2027 | &nbsp;&nbsp; 368789 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 811211 |
|  | **Transportation - Services—1.8%** |  |
| &nbsp;&nbsp; 735000 | GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 1.650%, 7/15/2026 | &nbsp;&nbsp; 641736 |
| &nbsp;&nbsp; 315000 | GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 2.650%, 7/15/2031 | &nbsp;&nbsp; 247784 |
| &nbsp;&nbsp; 515000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 1.200%, 11/15/2025 | &nbsp;&nbsp; 461254 |
| &nbsp;&nbsp; 250000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 1.700%, 6/15/2026 | &nbsp;&nbsp; 222551 |
| &nbsp;&nbsp; 500000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 4.450%, 1/29/2026 | &nbsp;&nbsp; 488213 |
| &nbsp;&nbsp; 330000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.700%, 2/1/2028 | &nbsp;&nbsp; 338498 |
| &nbsp;&nbsp; 650000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 1.750%, 9/1/2026 | &nbsp;&nbsp; 581841 |
| &nbsp;&nbsp; 750000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 4.300%, 6/15/2027 | &nbsp;&nbsp; 734346 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3716223 |
|  | **Utility - Electric—6.6%** |  |
| &nbsp;&nbsp; 310000 | AEP Texas, Inc., Sr. Unsecd. Note, 3.850%, 10/1/2025 | &nbsp;&nbsp; 300203 |
| &nbsp;&nbsp; 500000 | Alabama Power Co., Sr. Unsecd. Note, Series 20-A, 1.450%, 9/15/2030 | &nbsp;&nbsp; 403018 |
| &nbsp;&nbsp; 125000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 2.300%, 3/1/2030 | &nbsp;&nbsp; 105773 |
| &nbsp;&nbsp; 1200000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 5.750%, 11/1/2027 | &nbsp;&nbsp; 1253223 |

---

**9**

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---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Utility - Electric—continued** |  |
| $295000 | CenterPoint Energy, Inc., Sr. Unsecd. Note, 1.450%, 6/1/2026 | $266717 |
| &nbsp;&nbsp; 350000 | Cleveland Electric Illuminating Co., Sr. Unsecd. Note, 5.950%, 12/15/2036 | &nbsp;&nbsp; 362276 |
| &nbsp;&nbsp; 495000 | Dominion Energy, Inc., Jr. Sub. Note, 3.071%, 8/15/2024 | &nbsp;&nbsp; 480473 |
| &nbsp;&nbsp; 500000 | Duke Energy Corp., Sr. Unsecd. Note, 5.000%, 12/8/2025 | &nbsp;&nbsp; 503858 |
| &nbsp;&nbsp; 1500000 | Duke Energy Corp., Sr. Unsecd. Note, 5.000%, 12/8/2027 | &nbsp;&nbsp; 1525486 |
| &nbsp;&nbsp; 500000 | EDP Finance BV, Sr. Unsecd. Note, 144A, 1.710%, 1/24/2028 | &nbsp;&nbsp; 426546 |
| &nbsp;&nbsp; 500000 | EDP Finance BV, Sr. Unsecd. Note, 144A, 3.625%, 7/15/2024 | &nbsp;&nbsp; 491128 |
| &nbsp;&nbsp; 190000 | Emera US Finance LP, Sr. Unsecd. Note, 0.833%, 6/15/2024 | &nbsp;&nbsp; 178660 |
| &nbsp;&nbsp; 1050000 | Enel Finance America LLC, Sr. Unsecd. Note, 144A, 7.100%, 10/14/2027 | &nbsp;&nbsp; 1126101 |
| &nbsp;&nbsp; 335000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 1.375%, 7/12/2026 | &nbsp;&nbsp; 296153 |
| &nbsp;&nbsp; 500000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.650%, 9/10/2024 | &nbsp;&nbsp; 480578 |
| &nbsp;&nbsp; 305000 | Exelon Corp., Sr. Unsecd. Note, 4.050%, 4/15/2030 | &nbsp;&nbsp; 293959 |
| &nbsp;&nbsp; 240000 | Fortis, Inc. / Canada, Sr. Unsecd. Note, 3.055%, 10/4/2026 | &nbsp;&nbsp; 225473 |
| &nbsp;&nbsp; 500000 | National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 5.450%, 10/30/2025 | &nbsp;&nbsp; 510079 |
| &nbsp;&nbsp; 890000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 4.625%, 7/15/2027 | &nbsp;&nbsp; 891894 |
| &nbsp;&nbsp; 500000 | NiSource, Inc., Sr. Unsecd. Note, 3.600%, 5/1/2030 | &nbsp;&nbsp; 462851 |
| &nbsp;&nbsp; 485000 | Public Service Enterprises Group, Inc., Sr. Unsecd. Note, 2.875%, 6/15/2024 | &nbsp;&nbsp; 471733 |
| &nbsp;&nbsp; 245000 | Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028 | &nbsp;&nbsp; 216304 |
| &nbsp;&nbsp; 1100000 | Southern Co., Sr. Unsecd. Note, 3.250%, 7/1/2026 | &nbsp;&nbsp; 1046797 |
| &nbsp;&nbsp; 155000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028 | &nbsp;&nbsp; 135621 |
| &nbsp;&nbsp; 500000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 4.750%, 1/15/2028 | &nbsp;&nbsp; 502776 |
| &nbsp;&nbsp; 700000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 5.150%, 10/1/2027 | &nbsp;&nbsp; 715967 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13673647 |
|  | **Utility - Natural Gas—0.3%** |  |
| &nbsp;&nbsp; 335000 | National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031 | &nbsp;&nbsp; 271678 |
| &nbsp;&nbsp; 300000 | National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026 | &nbsp;&nbsp; 301463 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 573141 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $202,829,912)<br>| &nbsp;&nbsp; 194811913 |
|  | U.S. TREASURY—2.6% |  |
|  | **U.S. Treasury Notes—2.6%** |  |
| &nbsp;&nbsp; 5500000 | United States Treasury Note, 3.250%, 6/30/2027 <br>(IDENTIFIED COST $5,527,396)<br>| &nbsp;&nbsp; 5404713 |
|  | INVESTMENT COMPANY—5.5% |  |
| &nbsp;&nbsp; 11450742 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%<sup>3</sup> <br>(IDENTIFIED COST $11,447,208)<br>| &nbsp;&nbsp; 11450742 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—101.6% <br>(IDENTIFIED COST $219,804,516)<br>| &nbsp;&nbsp; 211667368 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(1.6)%<sup>4</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3337073) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL NET ASSETS—100% | $208330295 |

---

**10**

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At January 31, 2023, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 10-Year Ultra Long Futures | 30 | $3636094 | March 2023 | $82454 |
| United States Treasury Notes 10-Year Long Futures | 25 | $2862890 | March 2023 | $40959 |
| **Short Futures:** |  |  |  |  |
| United States Treasury Long Bond Short Futures | &nbsp;&nbsp; 8 | $1039000 | March 2023 | $(32256) |
| United States Treasury Ultra Bond Short Futures | &nbsp;&nbsp; 1 | $141750 | March 2023 | $(7134) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $84023 |

---

The average notional value of long and short futures contracts held by the Fund throughout the period was $3,920,984 and $1,705,544, respectively. This is based on the contracts held as of each month-end throughout the nine-month fiscal period.

Net Unrealized Appreciation on Futures Contracts is included in "Other Assets and Liabilities—Net."

Affiliated fund holdings are investment companies which are managed by the Adviser or an affiliate of the Adviser. Transactions with affiliated fund holdings during the period ended January 31, 2023, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Institutional** <br>**Prime Value** <br>**Obligations Fund,** <br>**Institutional Shares**<br>|
| Value as of 4/30/2022 | $3243615 |
| Purchases at Cost | $92572535 |
| Proceeds from Sales | $(84367544) |
| Change in Unrealized Appreciation/Depreciation | $3534 |
| Net Realized Gain/(Loss) | $(1398) |
| Value as of 1/31/2023 | $11450742 |
| Shares Held as of 1/31/2023 | &nbsp;&nbsp; 11450742 |
| Dividend Income | $173549 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *Floating/variable note with current rate and current maturity or next reset date shown.* |
| 2 | *Market quotations and price valuations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 3 | *7-day net yield.* |
| 4 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of total net assets at January 31, 2023.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

◾ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

◾ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

◾ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

◾ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

◾ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses

**11**

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the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act, the Fund's Board of Trustees (the "Trustees") have designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

◾ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

◾ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

◾ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

**12**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of January 31, 2023, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | $— | $194766602 | $45311 | $194811913 |
| U.S. Treasury | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5404713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5404713 |
| **Investment Company** | &nbsp;&nbsp; 11450742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11450742 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | $11450742 | $200171315 | $45311 | $211667368 |
| **Other Financial Instruments:**<sup>1</sup> <br>|  |  |  |  |
| Assets | $123413 | $— | $— | $123413 |
| Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39390) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39390) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | $84023 | $— | $— | $84023 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> *Other financial instruments are futures contracts.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| BKNT | —Bank Notes |
| GMTN | —Global Medium Term Note |
| LIBOR | —London Interbank Offered Rate |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |

---

**13**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Income Securities Trust

- **b. Investment Company Act file number:** 811-04577

- **c. CIK number of Registrant:** 0000789281

- **d. LEI of Registrant:** 254900ZSL64R3SX7WJ45

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Intermediate Corporate Bond Fund

- **b. EDGAR series identifier (if any):** S000009075

- **c. LEI of Series:** EMQAYXLUI704MOPUL276

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

- **a. Date of fiscal year-end:** 2023-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $209118377.88

**Total Liabilities:** $1587524.78

**Net Assets:** $207530853.10

**Cash Not Reported:** $32772.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -156.808414000000 | **1-Year:** -14711.691474000000 | **5-Year:** -46085.758352000000 | **10-Year:** -18653.932757000000 | **30-Year:** -765.352932000000

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

- **3-Month:** -1.810912000000 | **1-Year:** -277.447528000000 | **5-Year:** -250.633194000000 | **10-Year:** -5.475862000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024655 | 2.86%                | -0.25%               | 2.44%                |
| Class ID C000024656 | 2.84%                | -0.15%               | 2.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $281.12                  | $3959459.32                                |
| Month 2  | $1237.46                 | $-834278.56                                |
| Month 3  | $-26721.10               | $4038083.62                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBVIE INC                                                  | AbbVie Inc                                                                      | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     67000 | PA      | $64468.93     | 0.03%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                             | BAE Systems PLC                                                                 | CUSIP: 05523RAD9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $183516.59    | 0.09%             | 2030-04-15      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                         | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $225086.25    | 0.11%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                | Comcast Corp                                                                    | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1140279.31   | 0.55%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                              | Home Depot Inc/The                                                              | CUSIP: 437076CA8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936269.42    | 0.45%             | 2027-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                   | Kroger Co/The                                                                   | CUSIP: 501044DE8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140229.42    | 0.07%             | 2026-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953686.26    | 0.46%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                      | United States Treasury Note/Bond                                                | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5404713.05   | 2.60%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                       | AvalonBay Communities Inc                                                       | CUSIP: 05348EAU3<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    500000 | PA      | $488647.55    | 0.24%             | 2024-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co                                     | Becton Dickinson and Co                                                         | CUSIP: 075887BF5<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     69000 | PA      | $67793.31     | 0.03%             | 2024-12-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                      | ConocoPhillips Co                                                               | CUSIP: 20826FAU0<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478760.04    | 0.23%             | 2025-03-07      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                                            | Fifth Third Bank NA                                                             | CUSIP: 31677QBT5<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406415.69    | 0.20%             | 2025-10-27      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                        | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAN0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    500000 | PA      | $419414.29    | 0.20%             | 2031-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                         | Kimco Realty Corp                                                               | CUSIP: 49446RAX7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    250000 | PA      | $216034.98    | 0.10%             | 2028-03-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                 | PepsiCo Inc                                                                     | CUSIP: 713448EL8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    600000 | PA      | $546106.38    | 0.26%             | 2029-07-29      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                      | Philip Morris International Inc                                                 | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306777.52    | 0.15%             | 2027-11-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                      | Philip Morris International Inc                                                 | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146299.60    | 0.07%             | 2029-11-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                                | Vontier Corp                                                                    | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    500000 | PA      | $412715.00    | 0.20%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                             | AstraZeneca PLC                                                                 | CUSIP: 046353AN8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $765823.78    | 0.37%             | 2027-06-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                            | BAT Capital Corp                                                                | CUSIP: 05526DBH7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221309.35    | 0.11%             | 2029-09-06      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                                                            | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1711957.72   | 0.82%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                      | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBA4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    250000 | PA      | $229806.80    | 0.11%             | 2027-01-26      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                        | Daimler Finance North America LLC                                               | CUSIP: 233851BJ2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    750000 | PA      | $732359.90    | 0.35%             | 2024-08-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| EMERA US FINANCE LP                                         | Emera US Finance LP                                                             | CUSIP: 29103DAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $178659.75    | 0.09%             | 2024-06-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                          | Meta Platforms Inc                                                              | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232568.93    | 0.11%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                                     | GSK Consumer Healthcare Capital US LLC                                          | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    900000 | PA      | $852382.22    | 0.41%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                         | Global Payments Inc                                                             | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    600000 | PA      | $540107.11    | 0.26%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                                                 | Hubbell Inc                                                                     | CUSIP: 443510AK8<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    555000 | PA      | $457623.75    | 0.22%             | 2031-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                    | International Flavors & Fragrances Inc                                          | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    500000 | PA      | $432990.99    | 0.21%             | 2027-10-15      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1038379.49   | 0.50%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                    | Occidental Petroleum Corp                                                       | CUSIP: 674599DA0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487197.61    | 0.23%             | 2024-07-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706639.54    | 0.34%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABZ7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    700000 | PA      | $639020.12    | 0.31%             | 2026-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                        | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    120000 | PA      | $108853.76    | 0.05%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                         | Total System Services Inc                                                       | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248366.20    | 0.12%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications Inc                                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    110000 | PA      | $93972.43     | 0.05%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US 10YR ULTRA FUT MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        30 | NC      | $82453.86     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP                                              | Air Lease Corp                                                                  | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142970.27    | 0.07%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                         | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205912.43    | 0.10%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Becton Dickinson and Co                                     | Becton Dickinson and Co                                                         | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    193000 | PA      | $183766.76    | 0.09%             | 2044-12-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                        | Booking Holdings Inc                                                            | CUSIP: 09857LAR9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    830000 | PA      | $834076.52    | 0.40%             | 2030-04-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                             | Chevron USA Inc                                                                 | CUSIP: 166756AL0<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $876545.74    | 0.42%             | 2027-08-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUM                                    | Cleveland Electric Illuminating Co/The                                          | CUSIP: 186108CE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $362276.24    | 0.17%             | 2036-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                | Comcast Corp                                                                    | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1114225.63   | 0.54%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                      | Diamondback Energy Inc                                                          | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $266312.26    | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                                                  | Fiserv Inc                                                                      | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    750000 | PA      | $729101.09    | 0.35%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                         | Kimco Realty Corp                                                               | CUSIP: 49446RAR0<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    340000 | PA      | $331663.18    | 0.16%             | 2024-03-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                  | Leidos Inc                                                                      | CUSIP: 52532XAD7<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    275000 | PA      | $266913.36    | 0.13%             | 2025-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                                     | Marathon Petroleum Corp                                                         | CUSIP: 56585ABH4<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599072.89    | 0.29%             | 2025-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                   | ONEOK Inc                                                                       | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    845000 | PA      | $813421.35    | 0.39%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                                 | Phillips 66                                                                     | CUSIP: 718546AZ7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    165000 | PA      | $150061.54    | 0.07%             | 2026-02-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                      | Roper Technologies Inc                                                          | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $942438.79    | 0.45%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | US Bancorp                                                                      | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $457279.04    | 0.22%             | 2028-01-27      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications Inc                                                      | CUSIP: 92343VCR3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735252.81    | 0.35%             | 2024-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                                        | Weir Group PLC/The                                                              | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |    510000 | PA      | $457333.54    | 0.22%             | 2026-05-13      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                                      | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AQ3<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189321.95    | 0.09%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US LONG BOND(CBT) MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -8 | NC      | $-32255.50    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING                                       | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $165139.90    | 0.08%             | 2031-02-09      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                     | Bayer US Finance II LLC                                                         | CUSIP: 07274NAE3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    350000 | PA      | $345626.72    | 0.17%             | 2023-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                      | Boardwalk Pipelines LP                                                          | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492922.59    | 0.24%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    645000 | PA      | $559536.50    | 0.27%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                | Comerica Inc                                                                    | CUSIP: 200340AQ0<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    635000 | PA      | $615357.80    | 0.30%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                          | Energy Transfer LP                                                              | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142459.10    | 0.07%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                        | Enel Finance International NV                                                   | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    335000 | PA      | $296153.17    | 0.14%             | 2026-07-12      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| FORTINET INC                                                | Fortinet Inc                                                                    | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |    255000 | PA      | $227092.12    | 0.11%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GVR2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492480.65    | 0.24%             | 2025-10-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                              | Home Depot Inc/The                                                              | CUSIP: 437076BN1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $927189.13    | 0.45%             | 2026-09-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                     | Honeywell International Inc                                                     | CUSIP: 438516BZ8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    300000 | PA      | $256393.71    | 0.12%             | 2030-06-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                    | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    410000 | PA      | $382095.67    | 0.18%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $563671.51    | 0.27%             | 2026-04-22      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                         | Kimco Realty Corp                                                               | CUSIP: 49446RAW9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    250000 | PA      | $212710.61    | 0.10%             | 2030-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                | NiSource Inc                                                                    | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    500000 | PA      | $462850.87    | 0.22%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                      | Roper Technologies Inc                                                          | CUSIP: 776743AD8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    695000 | PA      | $674892.98    | 0.33%             | 2026-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                          | Royalty Pharma PLC                                                              | CUSIP: 78081BAH6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $408378.24    | 0.20%             | 2025-09-02      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PCP5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    405000 | PA      | $399644.84    | 0.19%             | 2025-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                                    | Visa Inc                                                                        | CUSIP: 92826CAD4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    280000 | PA      | $272054.67    | 0.13%             | 2025-12-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                     | AIG Global Funding                                                              | CUSIP: 00138CAS7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472276.15    | 0.23%             | 2024-06-17      | Fixed         | 0.65%                 | Yes           |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                         | Abbott Laboratories                                                             | CUSIP: 002824BP4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    300000 | PA      | $261237.58    | 0.13%             | 2028-01-30      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                          | Advance Auto Parts Inc                                                          | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1049284.45   | 0.51%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                     | American Electric Power Co Inc                                                  | CUSIP: 025537AN1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $105772.79    | 0.05%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                              | AutoNation Inc                                                                  | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $206640.57    | 0.10%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                                                | AutoZone Inc                                                                    | CUSIP: 053332AV4<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    900000 | PA      | $875733.44    | 0.42%             | 2027-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                      | Bank of New York Mellon Corp/The                                                | CUSIP: 06406HCX5<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391719.96    | 0.19%             | 2024-09-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                     | Bayer US Finance II LLC                                                         | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1556760.94   | 0.75%             | 2028-12-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| BIOGEN INC                                                  | Biogen Inc                                                                      | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    185000 | PA      | $157020.58    | 0.08%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                     | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DJ4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    152000 | PA      | $157205.05    | 0.08%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $428963.55    | 0.21%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                           | CNH Industrial NV                                                               | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |    595000 | PA      | $578661.00    | 0.28%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                               | Citigroup Inc                                                                   | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $995406.08    | 0.48%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                     | MPLX LP                                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    895000 | PA      | $868297.12    | 0.42%             | 2027-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Institutional Prime Value Obligations Fund | Federated Institutional Prime Value Obligations Fund                            | CUSIP: 60934N583<br>LEI: 254900OXLDDVEP8MMK94 | Long             | EC               | RF                | US        |  11450742 | NS      | $11450741.59  | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                      | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AQ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010164.03   | 0.49%             | 2028-01-19      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                     | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $154332.77    | 0.07%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                              | S&P Global Inc                                                                  | CUSIP: 78409VBC7<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    605000 | PA      | $536410.96    | 0.26%             | 2032-03-01      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications Inc                                                      | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $892266.31    | 0.43%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                        | Keurig Dr Pepper Inc                                                            | CUSIP: 26138EAX7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    400000 | PA      | $382888.98    | 0.18%             | 2027-06-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                            | Duke Energy Corp                                                                | CUSIP: 26441CBV6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503857.69    | 0.24%             | 2025-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                           | General Motors Co                                                               | CUSIP: 37045VAN0<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    450000 | PA      | $435516.41    | 0.21%             | 2027-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $448209.87    | 0.22%             | 2027-03-09      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                       | Keysight Technologies Inc                                                       | CUSIP: 49338LAB9<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497736.16    | 0.24%             | 2024-10-30      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                                        | Lockheed Martin Corp                                                            | CUSIP: 539830BH1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491479.04    | 0.24%             | 2026-01-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                        | M&T Bank Corp                                                                   | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499107.75    | 0.24%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                      | Mid-America Apartments LP                                                       | CUSIP: 59523UAS6<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    320000 | PA      | $258877.16    | 0.12%             | 2031-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                                    | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    400000 | PA      | $543834.34    | 0.26%             | 2039-08-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $461253.88    | 0.22%             | 2025-11-15      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                    | Public Service Enterprise Group Inc                                             | CUSIP: 744573AN6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    485000 | PA      | $471733.57    | 0.23%             | 2024-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| RPM International Inc                                       | RPM International Inc                                                           | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    300000 | PA      | $285961.79    | 0.14%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Regency Centers LP                                          | Regency Centers LP                                                              | CUSIP: 75884RAT0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    250000 | PA      | $243456.81    | 0.12%             | 2024-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Regency Centers LP                                          | Regency Centers LP                                                              | CUSIP: 75884RAV5<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    500000 | PA      | $477728.73    | 0.23%             | 2027-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                                        | Smithfield Foods Inc                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56226.38     | 0.03%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                                           | Tractor Supply Co                                                               | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    540000 | PA      | $430659.36    | 0.21%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | US Bancorp                                                                      | CUSIP: 91159HJK7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499972.17    | 0.24%             | 2029-02-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                                          | Valero Energy Corp                                                              | CUSIP: 91913YAW0<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483550.77    | 0.23%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications Inc                                                      | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    300000 | PA      | $241839.77    | 0.12%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                        | WEC Energy Group Inc                                                            | CUSIP: 92939UAL0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502776.43    | 0.24%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                                | CUSIP: 95000U2N2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $988111.82    | 0.48%             | 2026-04-30      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Dollar General Corp                                         | Dollar General Corp                                                             | CUSIP: 256677AD7<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    600000 | PA      | $590735.62    | 0.28%             | 2025-11-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                               | AEP Texas Inc                                                                   | CUSIP: 0010EPAN8<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    310000 | PA      | $300202.67    | 0.14%             | 2025-10-01      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    500000 | PA      | $483771.55    | 0.23%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                         | American Express Co                                                             | CUSIP: 025816CM9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    500000 | PA      | $451521.38    | 0.22%             | 2026-11-04      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                   | Apple Inc                                                                       | CUSIP: 037833DM9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1198251.44   | 0.58%             | 2024-09-11      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                         | Ashtead Capital Inc                                                             | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $880773.70    | 0.42%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corp                                                | Comcast Corp                                                                    | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    750000 | PA      | $724293.06    | 0.35%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                     | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $303111.78    | 0.15%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                  | Fiserv Inc                                                                      | CUSIP: 337738AS7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290786.26    | 0.14%             | 2024-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                      | GE Healthcare Holding LLC                                                       | CUSIP: 36267VAG8<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $849489.57    | 0.41%             | 2030-03-15      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                        | Glencore Funding LLC                                                            | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    350000 | PA      | $315270.48    | 0.15%             | 2026-04-27      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1119263.20   | 0.54%             | 2026-11-19      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                                 | MetLife Inc                                                                     | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    280000 | PA      | $385280.00    | 0.19%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                        | National Fuel Gas Co                                                            | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    335000 | PA      | $271677.61    | 0.13%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PDE9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472013.47    | 0.23%             | 2027-10-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                             | Weyerhaeuser Co                                                                 | CUSIP: 962166BR4<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |     50000 | PA      | $57805.53     | 0.03%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                            | Altria Group Inc                                                                | CUSIP: 02209SBC6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348684.12    | 0.17%             | 2026-02-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                   | Apple Inc                                                                       | CUSIP: 037833DT4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    815000 | PA      | $759366.27    | 0.37%             | 2025-05-11      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                                                            | CUSIP: 06051GJK6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1352991.30   | 0.65%             | 2026-10-24      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                      | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508464.90    | 0.25%             | 2025-10-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                    | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $215989.15    | 0.10%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                         | Global Payments Inc                                                             | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     90000 | PA      | $77321.50     | 0.04%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                     | Metropolitan Life Global Funding I                                              | CUSIP: 59217GEN5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    290000 | PA      | $273375.98    | 0.13%             | 2024-06-07      | Fixed         | 0.55%                 | Yes           |                  2 | On Loan: No      |
| PUGET ENERGY INC                                            | Puget Energy Inc                                                                | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    245000 | PA      | $216303.87    | 0.10%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                                     | Shell International Finance BV                                                  | CUSIP: 822582BT8<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $381847.40    | 0.18%             | 2026-05-10      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                                        | Smithfield Foods Inc                                                            | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    470000 | PA      | $370856.97    | 0.18%             | 2030-10-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236TKC8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493588.25    | 0.24%             | 2025-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                                          | United Technologies Corp                                                        | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    600000 | PA      | $589121.90    | 0.28%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                               | AIA Group Ltd                                                                   | CUSIP: 00131LAH8<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $234923.74    | 0.11%             | 2029-04-09      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| SKY LTD                                                     | Sky PLC                                                                         | CUSIP: 111013AL2<br>LEI: 2138003TS48MQKF4BZ29 | Long             | DBT              | CORP              | GB        |    565000 | PA      | $555548.20    | 0.27%             | 2024-09-16      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                          | Coterra Energy Inc                                                              | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480202.89    | 0.23%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                      | CenterPoint Energy Inc                                                          | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    295000 | PA      | $266716.75    | 0.13%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                         | Dominion Energy Inc                                                             | CUSIP: 25746UDB2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    495000 | PA      | $480473.59    | 0.23%             | 2024-08-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                           | Expedia Group Inc                                                               | CUSIP: 30212PBH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $45515.86     | 0.02%             | 2031-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    250000 | PA      | $214401.43    | 0.10%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                     | Jefferies Group LLC                                                             | CUSIP: 472319AM4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263283.94    | 0.13%             | 2043-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                                     | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAK3<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    325000 | PA      | $262182.11    | 0.13%             | 2031-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                            | Ryder System Inc                                                                | CUSIP: 78355HKU2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    750000 | PA      | $734346.15    | 0.35%             | 2027-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                 | Southern Co/The                                                                 | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1046797.64   | 0.50%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                                      | Synovus Financial Corp                                                          | CUSIP: 87161CAN5<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299966.23    | 0.14%             | 2025-08-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                           | Sysco Corp                                                                      | CUSIP: 871829BC0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481203.95    | 0.23%             | 2026-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Textron Financial Corp                                      | Textron Financial Corp                                                          | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |    400000 | PA      | $310500.00    | 0.15%             | 2042-02-15      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                       | Truist Financial Corp                                                           | CUSIP: 89788MAC6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435024.46    | 0.21%             | 2027-08-03      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                                        | VERISK ANALYTICS INC SR UNSECURED 03/29 4.125                                   | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    400000 | PA      | $382215.61    | 0.18%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                | AutoZone Inc                                                                    | CUSIP: 053332AZ5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477711.82    | 0.23%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                      | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    400000 | PA      | $359198.46    | 0.17%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                                | CUSIP: 95000U2H5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238752.79    | 0.12%             | 2025-10-30      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                  | AbbVie Inc                                                                      | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    715000 | PA      | $676961.51    | 0.33%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995390.43    | 0.48%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2                                    | Cintas Corp No 2                                                                | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    750000 | PA      | $731803.08    | 0.35%             | 2027-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                              | Morgan Stanley                                                                  | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    350000 | PA      | $339455.51    | 0.16%             | 2027-01-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                    | AT&T Inc                                                                        | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $877108.93    | 0.42%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                                            | Alabama Power Co                                                                | CUSIP: 010392FU7<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $403018.58    | 0.19%             | 2030-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                    | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    395000 | PA      | $305676.90    | 0.15%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ALLEGION PLC                                                | Allegion PLC                                                                    | CUSIP: 01748TAB7<br>LEI: 984500560CAC2E6FB757 | Long             | DBT              | CORP              | IE        |   1100000 | PA      | $987473.99    | 0.48%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                    | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1321511.07   | 0.64%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                     | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAE3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $440172.20    | 0.21%             | 2028-05-28      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                                       | Camden Property Trust                                                           | CUSIP: 133131AZ5<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |     95000 | PA      | $85375.44     | 0.04%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                    | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $226433.35    | 0.11%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                          | Cenovus Energy Inc                                                              | CUSIP: 15135UAW9<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $250010.97    | 0.12%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                | Chevron Corp                                                                    | CUSIP: 166764BW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941688.65    | 0.45%             | 2025-05-11      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                         | Abbott Laboratories                                                             | CUSIP: 002824BF6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    510000 | PA      | $503743.86    | 0.24%             | 2026-11-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                  | AbbVie Inc                                                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    660000 | PA      | $614065.16    | 0.30%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    505000 | PA      | $454136.34    | 0.22%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                                    | Alimentation Couche-Tard Inc                                                    | CUSIP: 01626PAM8<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $328581.87    | 0.16%             | 2030-01-25      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                                                                  | CUSIP: 023135BW5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    355000 | PA      | $336852.37    | 0.16%             | 2024-05-12      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                | AutoZone Inc                                                                    | CUSIP: 053332BD3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238849.81    | 0.12%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Biogen Inc                                                  | Biogen Inc                                                                      | CUSIP: 09062XAF0<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491337.38    | 0.24%             | 2025-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                    | Capital One Financial Corp                                                      | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504214.71    | 0.24%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                        | Bank of America Corp                                                            | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    490000 | PA      | $472010.39    | 0.23%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                      | BP Capital Markets America Inc                                                  | CUSIP: 10373QAB6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1485670.19   | 0.72%             | 2025-09-21      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                     | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    250000 | PA      | $246519.63    | 0.12%             | 2024-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                             | CVS Health Corp                                                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    990000 | PA      | $973812.19    | 0.47%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954162.69    | 0.46%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                    | Huntington National Bank/The                                                    | CUSIP: 44644MAD3<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492433.08    | 0.24%             | 2025-05-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                                    | FNB Corp/PA                                                                     | CUSIP: 302520AC5<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299016.59    | 0.14%             | 2025-08-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                           | GXO Logistics Inc                                                               | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    735000 | PA      | $641735.89    | 0.31%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    800000 | PA      | $768872.90    | 0.37%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                        | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1169804.36   | 0.56%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                                         | Citizens Bank NA/Providence RI                                                  | CUSIP: 17401QAU5<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242388.89    | 0.12%             | 2026-02-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                    | Constellation Brands Inc                                                        | CUSIP: 21036PAY4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    600000 | PA      | $570833.21    | 0.28%             | 2028-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                 | Oracle Corp                                                                     | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $456202.65    | 0.22%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PENN MUTUAL LIFE INS CO                                     | Penn Mutual Life Insurance Co/The                                               | CUSIP: 707567AC7<br>LEI: BIYXEJSLUQ3IWFUXX074 | Long             | DBT              | CORP              | US        |    300000 | PA      | $340087.62    | 0.16%             | 2040-06-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Booking Holdings Inc                                        | Booking Holdings Inc                                                            | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $479411.59    | 0.23%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                       | Southwest Airlines Co                                                           | CUSIP: 844741BJ6<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176234.52    | 0.08%             | 2025-05-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                                       | Costco Wholesale Corp                                                           | CUSIP: 22160KAN5<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    450000 | PA      | $402907.62    | 0.19%             | 2027-06-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL FUNDING LLC                                      | GE Capital Funding LLC                                                          | CUSIP: 36166NAJ2<br>LEI: 549300XAGH9TOLX5XM67 | Long             | DBT              | CORP              | US        |    600000 | PA      | $566127.58    | 0.27%             | 2030-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                         | JPMorgan Chase & Co                                                             | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240445.54    | 0.12%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                     | MPLX LP                                                                         | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    175000 | PA      | $159442.76    | 0.08%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                       | Stellantis Finance US Inc                                                       | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176452.59    | 0.09%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    750000 | PA      | $702854.26    | 0.34%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                        | Targa Resources Corp                                                            | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    600000 | PA      | $626510.68    | 0.30%             | 2033-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                    | Magallanes Inc                                                                  | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $459195.84    | 0.22%             | 2029-03-15      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| MASCO CORP                                                  | Masco Corp                                                                      | CUSIP: 574599BS4<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $213200.20    | 0.10%             | 2028-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                                              | McCormick & Co Inc/MD                                                           | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476604.39    | 0.23%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                       | Micron Technology Inc                                                           | CUSIP: 595112BP7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487715.79    | 0.24%             | 2027-02-15      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                                    | Pioneer Natural Resources Co                                                    | CUSIP: 723787AR8<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    450000 | PA      | $373537.66    | 0.18%             | 2031-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc                                       | Reynolds American Inc                                                           | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    270000 | PA      | $282674.78    | 0.14%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Stifel Financial Corp                                       | Stifel Financial Corp                                                           | CUSIP: 860630AD4<br>LEI: 549300E5F07FE5GHJX84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394932.46    | 0.19%             | 2024-07-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                       | Truist Financial Corp                                                           | CUSIP: 89788MAJ1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257445.52    | 0.12%             | 2026-10-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                    | AT&T Inc                                                                        | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $215848.51    | 0.10%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                      | General Motors Financial Co Inc                                                 | CUSIP: 37045XEB8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257463.49    | 0.12%             | 2028-01-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894266.37    | 0.43%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    210000 | PA      | $185233.81    | 0.09%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                          | Alcon Finance Corp                                                              | CUSIP: 01400EAD5<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $350118.18    | 0.17%             | 2030-05-27      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc                                                     | HCA Inc                                                                         | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498945.33    | 0.24%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                    | Healthcare Trust of America Holdings LP                                         | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    445000 | PA      | $351533.64    | 0.17%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                                      | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAD6<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    950000 | PA      | $919254.22    | 0.44%             | 2024-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                                                                  | CUSIP: 023135CN4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403728.62    | 0.19%             | 2025-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                      | Verizon Communications Inc                                                      | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    925000 | PA      | $840815.32    | 0.41%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                     | American Electric Power Co Inc                                                  | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1253222.89   | 0.60%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                      | Anglo American Capital PLC                                                      | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $171981.98    | 0.08%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PDC7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    350000 | PA      | $340068.11    | 0.16%             | 2033-04-26      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PDE3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491374.02    | 0.24%             | 2025-06-14      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                       | Keysight Technologies Inc                                                       | CUSIP: 49338LAF0<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    300000 | PA      | $268815.11    | 0.13%             | 2029-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                           | Lam Research Corp                                                               | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    385000 | PA      | $377434.83    | 0.18%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                                    | Manufacturers & Traders Trust Co                                                | CUSIP: 55279HAV2<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499264.02    | 0.24%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $813955.78    | 0.39%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                        | National Fuel Gas Co                                                            | CUSIP: 636180BQ3<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301463.18    | 0.15%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                 | Netflix Inc                                                                     | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496922.50    | 0.24%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                   | ONEOK Inc                                                                       | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126304.03    | 0.06%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $488213.52    | 0.24%             | 2026-01-29      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                     | Raymond James Financial Inc                                                     | CUSIP: 754730AG4<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    505000 | PA      | $502665.71    | 0.24%             | 2030-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                     | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $269532.00    | 0.13%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Textron Inc                                                 | Textron Inc                                                                     | CUSIP: 883203BW0<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292234.38    | 0.14%             | 2026-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                    | Toyota Motor Credit Corp                                                        | CUSIP: 89236THP3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    665000 | PA      | $603523.69    | 0.29%             | 2025-10-16      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                       | AvalonBay Communities Inc                                                       | CUSIP: 05348EBA6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    295000 | PA      | $279225.25    | 0.13%             | 2027-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                            | BAT Capital Corp                                                                | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    300000 | PA      | $334890.42    | 0.16%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                  | VMware Inc                                                                      | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    265000 | PA      | $234782.98    | 0.11%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                            | Welltower Inc                                                                   | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    600000 | PA      | $524689.55    | 0.25%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                            | Welltower Inc                                                                   | CUSIP: 95040QAL8<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    400000 | PA      | $335875.22    | 0.16%             | 2031-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                      | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBG1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487220.96    | 0.23%             | 2028-06-13      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                                      | Boardwalk Pipelines LP                                                          | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178405.52    | 0.09%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                   | Boeing Co/The                                                                   | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    800000 | PA      | $740166.98    | 0.36%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                     | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    500000 | PA      | $482073.68    | 0.23%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                      | CVS Pass-Through Trust                                                          | CUSIP: 126650AW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107299 | PA      | $106274.43    | 0.05%             | 2027-01-11      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                             | CVS Health Corp                                                                 | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $260421.37    | 0.13%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                          | Cenovus Energy Inc                                                              | CUSIP: 15135UAM1<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $488573.32    | 0.24%             | 2027-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                               | Citigroup Inc                                                                   | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    750000 | PA      | $719931.77    | 0.35%             | 2028-07-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | Citigroup Inc                                                                   | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445699.60    | 0.21%             | 2027-01-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                                      | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    960000 | PA      | $863289.60    | 0.42%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                                        | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAG0<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $576281.86    | 0.28%             | 2024-11-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                     | John Deere Capital Corp                                                         | CUSIP: 24422EWF2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1367183.06   | 0.66%             | 2025-06-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                                    | Embraer Netherlands Finance BV                                                  | CUSIP: 29082HAA0<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    430000 | PA      | $424702.40    | 0.20%             | 2025-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                          | Energy Transfer Partners LP                                                     | CUSIP: 29273RAY5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    645000 | PA      | $642595.85    | 0.31%             | 2024-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                          | Energy Transfer Operating LP                                                    | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $367007.57    | 0.18%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                                 | EXELON CORP SR UNSECURED 04/30 4.05                                             | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    305000 | PA      | $293958.74    | 0.14%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| FMR LLC                                                     | FMR LLC                                                                         | CUSIP: 302508AQ9<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | DBT              | CORP              | US        |    900000 | PA      | $987364.81    | 0.48%             | 2029-06-15      | Fixed         | 7.57%                 | Yes           |                  2 | On Loan: No      |
| FISERV INC                                                  | Fiserv Inc                                                                      | CUSIP: 337738BC1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $436294.85    | 0.21%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                          | Ford Motor Co                                                                   | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243634.28    | 0.12%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FORTIS INC                                                  | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $225473.21    | 0.11%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                           | GXO Logistics Inc                                                               | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    315000 | PA      | $247783.66    | 0.12%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                      | GE Healthcare Holding LLC                                                       | CUSIP: 36267VAJ2<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    300000 | PA      | $325367.82    | 0.16%             | 2032-11-22      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Grupo Bimbo SAB de CV                                       | Grupo Bimbo SAB de CV                                                           | CUSIP: 40052VAC8<br>LEI: 5493000RIXURZEBFEV60 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $492711.43    | 0.24%             | 2024-06-27      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                            | Welltower Inc                                                                   | CUSIP: 42217KBF2<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    250000 | PA      | $244544.74    | 0.12%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                     | Honeywell International Inc                                                     | CUSIP: 438516CE4<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    800000 | PA      | $710645.62    | 0.34%             | 2027-03-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                     | Inter-American Development Bank                                                 | CUSIP: 45818QAD1<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |    640000 | PA      | $709272.08    | 0.34%             | 2027-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Invesco Finance PLC                                         | Invesco Finance PLC                                                             | CUSIP: 46132FAD2<br>LEI: 549300OYQ3LAJYXXO449 | Long             | DBT              | CORP              | GB        |    220000 | PA      | $214141.71    | 0.10%             | 2026-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                  | Leidos Inc                                                                      | CUSIP: 52532XAH8<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    500000 | PA      | $403337.37    | 0.19%             | 2031-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Masco Corp                                                  | Masco Corp                                                                      | CUSIP: 574599BN5<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190989.09    | 0.09%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                        | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JAC1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    850000 | PA      | $875475.36    | 0.42%             | 2027-11-29      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                  | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384430.53    | 0.19%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                    | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 63743HFF4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510078.91    | 0.25%             | 2025-10-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BH7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506840.75    | 0.24%             | 2025-10-28      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $338497.86    | 0.16%             | 2028-02-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| REGENERON PHARMACEUTICAL                                    | Regeneron Pharmaceuticals Inc                                                   | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    610000 | PA      | $492790.39    | 0.24%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| REG DIVERSIFIED FUNDING                                     | Regional Diversified Funding 2005-1 Ltd                                         | CUSIP: 75902AAA6<br>LEI: 54930070N77H6NE83R38 | Long             | DBT              | CORP              | KY        |    107884 | PA      | $45311.22     | 0.02%             | 2030-03-15      | Fixed         | 9.25%                 | Yes           |                  3 | On Loan: No      |
| CHARLES SCHWAB CORP                                         | Charles Schwab Corp/The                                                         | CUSIP: 808513BW4<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481570.20    | 0.23%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1106762.71   | 0.53%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                              | Air Lease Corp                                                                  | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468386.16    | 0.23%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                              | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    600000 | PA      | $535016.25    | 0.26%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Airbus SE                                                   | Airbus SE                                                                       | CUSIP: 009279AA8<br>LEI: MINO79WLOO247M1IL051 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $284625.53    | 0.14%             | 2027-04-10      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                                                                  | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290276.35    | 0.14%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                       | Truist Financial Corp                                                           | CUSIP: 89788MAG7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    750000 | PA      | $733996.16    | 0.35%             | 2028-06-06      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                       | Truist Financial Corp                                                           | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162271.75    | 0.08%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                                                                  | CUSIP: 023135CQ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407313.40    | 0.20%             | 2029-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                      | Anglo American Capital PLC                                                      | CUSIP: 034863AZ3<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $306417.50    | 0.15%             | 2028-03-17      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                          | Valero Energy Corp                                                              | CUSIP: 91913YBB5<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    965000 | PA      | $869514.52    | 0.42%             | 2027-09-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                            | Paramount Global                                                                | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    220000 | PA      | $189143.93    | 0.09%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                     | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1222107.76   | 0.59%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                                             | Associated Banc-Corp                                                            | CUSIP: 045487AB1<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |    915000 | PA      | $893483.73    | 0.43%             | 2025-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WP Carey Inc                                                | WP Carey Inc                                                                    | CUSIP: 92936UAA7<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    350000 | PA      | $346442.65    | 0.17%             | 2024-04-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                | WP Carey Inc                                                                    | CUSIP: 92936UAG4<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    210000 | PA      | $176273.24    | 0.08%             | 2031-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings Inc                                      | Chubb INA Holdings Inc                                                          | CUSIP: 00440EAR8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295093.01    | 0.14%             | 2024-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                             | AstraZeneca PLC                                                                 | CUSIP: 046353AV0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    670000 | PA      | $598118.86    | 0.29%             | 2026-04-08      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| BAE Systems Holdings Inc                                    | BAE Systems Holdings Inc                                                        | CUSIP: 05523UAP5<br>LEI: MF62XBVMNYTYMC18DL76 | Long             | DBT              | CORP              | US        |    280000 | PA      | $273284.43    | 0.13%             | 2025-12-15      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                          | Alcon Finance Corp                                                              | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $372122.78    | 0.18%             | 2026-09-23      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                    | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AK5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    750000 | PA      | $721416.20    | 0.35%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                                | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    445000 | PA      | $403534.96    | 0.19%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                              | Amazon.com Inc                                                                  | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    670000 | PA      | $641026.69    | 0.31%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                      | American Honda Finance Corp                                                     | CUSIP: 02665WED9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010219.31   | 0.49%             | 2028-01-12      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                                                            | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    700000 | PA      | $677069.09    | 0.33%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                        | Boston Properties LP                                                            | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    135000 | PA      | $116187.02    | 0.06%             | 2031-01-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                                          | CNA Financial Corp                                                              | CUSIP: 126117AU4<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236904.57    | 0.11%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                             | CVS Health Corp                                                                 | CUSIP: 126650DE7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    900000 | PA      | $872018.69    | 0.42%             | 2024-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                            | BAT Capital Corp                                                                | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $430265.69    | 0.21%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                                                            | CUSIP: 06051GHW2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478187.70    | 0.23%             | 2025-10-22      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | Citigroup Inc                                                                   | CUSIP: 172967MQ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $959230.82    | 0.46%             | 2026-04-08      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                    | Constellation Brands Inc                                                        | CUSIP: 21036PBF4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    750000 | PA      | $663984.85    | 0.32%             | 2030-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                | Broadcom Inc                                                                    | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234582.38    | 0.11%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                             | CVS Health Corp                                                                 | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $473440.22    | 0.23%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                            | Crown Castle International Corp                                                 | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    880000 | PA      | $735422.35    | 0.35%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| EDP Finance BV                                              | EDP Finance BV                                                                  | CUSIP: 26835PAF7<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $491127.74    | 0.24%             | 2024-07-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| EQUIFAX INC                                                 | Equifax Inc                                                                     | CUSIP: 294429AQ8<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    410000 | PA      | $393346.19    | 0.19%             | 2024-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                          | Meta Platforms Inc                                                              | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    210000 | PA      | $201798.92    | 0.10%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $891663.21    | 0.43%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                    | Citizens Financial Group Inc                                                    | CUSIP: 174610AS4<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     90000 | PA      | $76636.31     | 0.04%             | 2030-02-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                           | General Motors Co                                                               | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256500.97    | 0.12%             | 2025-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                      | General Motors Financial Co Inc                                                 | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $449243.03    | 0.22%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                                        | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    185000 | PA      | $166506.79    | 0.08%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                     | John Deere Capital Corp                                                         | CUSIP: 24422EWR6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408656.36    | 0.20%             | 2028-01-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38143U8H7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244376.17    | 0.12%             | 2026-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                          | Husky Energy Inc                                                                | CUSIP: 448055AP8<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $225470.91    | 0.11%             | 2029-04-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                                    | KLA Corp                                                                        | CUSIP: 482480AL4<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508418.22    | 0.24%             | 2032-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                        | Lockheed Martin Corp                                                            | CUSIP: 539830BP3<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $423811.74    | 0.20%             | 2030-06-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                        | M&T Bank Corp                                                                   | CUSIP: 55261FAQ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    410000 | PA      | $409705.19    | 0.20%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                    | Magallanes Inc                                                                  | CUSIP: 55903VAG8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    355000 | PA      | $332897.65    | 0.16%             | 2027-03-15      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                            | Duke Energy Corp                                                                | CUSIP: 26441CBW4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1525485.96   | 0.74%             | 2027-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDP FINANCE BV                                              | EDP Finance BV                                                                  | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $426545.91    | 0.21%             | 2028-01-24      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| MASS MUTUAL LIFE INS CO                                     | Massachusetts Mutual Life Insurance Co                                          | CUSIP: 575767AG3<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    148000 | PA      | $190954.62    | 0.09%             | 2039-06-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Microsoft Corp                                              | Microsoft Corp                                                                  | CUSIP: 594918BR4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    550000 | PA      | $518941.03    | 0.25%             | 2026-08-08      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                                      | Molex Electronic Technologies LLC                                               | CUSIP: 60856BAC8<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191804.45    | 0.09%             | 2025-04-15      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                  | CUSIP: 61747YEA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $704395.06    | 0.34%             | 2025-05-30      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    890000 | PA      | $891893.71    | 0.43%             | 2027-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                    | Occidental Petroleum Corp                                                       | CUSIP: 674599CW3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191918.24    | 0.09%             | 2024-08-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $222550.71    | 0.11%             | 2026-06-15      | Fixed         | 1.70%                 | Yes           |                  2 | On Loan: No      |
| Physicians Realty LP                                        | Physicians Realty LP                                                            | CUSIP: 71951QAA0<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    710000 | PA      | $687844.53    | 0.33%             | 2027-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                    | Piedmont Operating Partnership LP                                               | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    120000 | PA      | $88683.10     | 0.04%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                 | Prologis LP                                                                     | CUSIP: 74340XBL4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    215000 | PA      | $212469.41    | 0.10%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                           | State Street Corp                                                               | CUSIP: 857477BS1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $459458.56    | 0.22%             | 2028-02-07      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                          | Union Pacific Corp                                                              | CUSIP: 907818FJ2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    400000 | PA      | $368788.36    | 0.18%             | 2027-02-05      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US 10YR NOTE (CBT)MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        25 | NC      | $40959.38     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL FINANCE INTL NV                                        | Enel Finance International NV                                                   | CUSIP: 29278GAL2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $480577.89    | 0.23%             | 2024-09-10      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| ENEL FINANCE AMERICA LLC                                    | Enel Finance America LLC                                                        | CUSIP: 29280HAA0<br>LEI: 549300EGNLVUJX1DEC60 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1126100.65   | 0.54%             | 2027-10-14      | Fixed         | 7.10%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                         | Fifth Third Bancorp                                                             | CUSIP: 316773DA5<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $461457.82    | 0.22%             | 2027-05-05      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                         | Global Payments Inc                                                             | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    320000 | PA      | $284661.33    | 0.14%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                     | Jefferies Group LLC / Jefferies Group Capital Finance Inc                       | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $411057.38    | 0.20%             | 2031-10-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC                                    | Lennox International Inc                                                        | CUSIP: 526107AF4<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $438144.24    | 0.21%             | 2027-08-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                              | Morgan Stanley                                                                  | CUSIP: 6174467X1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503060.87    | 0.24%             | 2025-11-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen LLC                                                  | Nuveen LLC                                                                      | CUSIP: 67080LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $159126.80    | 0.08%             | 2028-11-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                            | Ryder System Inc                                                                | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    650000 | PA      | $581841.42    | 0.28%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TC PipeLines LP                                             | TC PipeLines LP                                                                 | CUSIP: 87233QAC2<br>LEI: 6HL0C5LCIE4TN8UZHL06 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385401.16    | 0.19%             | 2027-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC                                                | VeriSign Inc                                                                    | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |    145000 | PA      | $124743.12    | 0.06%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                    | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $452223.48    | 0.22%             | 2025-11-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                        | WEC Energy Group Inc                                                            | CUSIP: 92939UAG1<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    155000 | PA      | $135620.89    | 0.07%             | 2028-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $950955.86    | 0.46%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US ULTRA BOND CBT MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -1 | NC      | $-7134.33     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                    | AT&T Inc                                                                        | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    600000 | PA      | $548744.75    | 0.26%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings Inc                                      | Chubb INA Holdings Inc                                                          | CUSIP: 00440EAV9<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290842.13    | 0.14%             | 2026-05-03      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                                         | American International Group Inc                                                | CUSIP: 026874CY1<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248451.26    | 0.12%             | 2024-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                        | BAT International Finance PLC                                                   | CUSIP: 05530QAK6<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $291767.49    | 0.14%             | 2025-06-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| PNC BANK NA                                                 | Compass Bank                                                                    | CUSIP: 20453KAA3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980485.39    | 0.47%             | 2025-04-10      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                            | Crown Castle International Corp                                                 | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    500000 | PA      | $441418.73    | 0.21%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                      | Daimler Trucks Finance North America LLC                                        | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    700000 | PA      | $630641.35    | 0.30%             | 2026-12-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                                          | Dominion Energy Gas Holdings LLC                                                | CUSIP: 257375AN5<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    155000 | PA      | $149217.51    | 0.07%             | 2024-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Flowers Foods Inc                                           | Flowers Foods Inc                                                               | CUSIP: 343498AB7<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    380000 | PA      | $362873.60    | 0.17%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200265.37    | 0.10%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                     | HCA Inc                                                                         | CUSIP: 404119CD9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79068.39     | 0.04%             | 2027-03-15      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                        | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $968498.91    | 0.47%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                                                  | Masco Corp                                                                      | CUSIP: 574599BP0<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    300000 | PA      | $243341.41    | 0.12%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                        | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JAB3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304835.00    | 0.15%             | 2025-11-26      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                      | Mid-America Apartments LP                                                       | CUSIP: 59523UAL1<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    300000 | PA      | $294085.47    | 0.14%             | 2024-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                  | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445100.62    | 0.21%             | 2026-12-10      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                 | Oracle Corp                                                                     | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1785864.38   | 0.86%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                           | Sysco Corp                                                                      | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567686.99    | 0.27%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | US Bancorp                                                                      | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513912.41    | 0.25%             | 2026-10-21      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                          | Vodafone Group PLC                                                              | CUSIP: 92857WBK5<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $351614.40    | 0.17%             | 2028-05-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                    | AT&T Inc                                                                        | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    350000 | PA      | $283239.41    | 0.14%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                                                                  | CUSIP: 023135CE4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291341.92    | 0.14%             | 2025-04-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                         | American Express Co                                                             | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983027.38    | 0.47%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                         | American Express Co                                                             | CUSIP: 025816DB2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    300000 | PA      | $317493.53    | 0.15%             | 2027-11-05      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                         | American Tower Corp                                                             | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1000000 | PA      | $949643.35    | 0.46%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AUTOMATIC DATA PROCESSNG                                    | Automatic Data Processing Inc                                                   | CUSIP: 053015AE3<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | DBT              | CORP              | US        |    340000 | PA      | $332248.40    | 0.16%             | 2025-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $327909.89    | 0.16%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                         | Fifth Third Bancorp                                                             | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $635273.69    | 0.31%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                                   | Hess Corp                                                                       | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980149.44    | 0.47%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Marathon Oil Corp                                           | Marathon Oil Corp                                                               | CUSIP: 565849AP1<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977630.77    | 0.47%             | 2027-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                  | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $550132.87    | 0.27%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                   | ONEOK Inc                                                                       | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244478.71    | 0.12%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                                        | Smithfield Foods Inc                                                            | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    300000 | PA      | $224710.88    | 0.11%             | 2031-09-13      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| Telefonica Emisiones SAU                                    | Telefonica Emisiones SAU                                                        | CUSIP: 87938WAC7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    220000 | PA      | $241752.44    | 0.12%             | 2036-06-20      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                        | WEC Energy Group Inc                                                            | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    700000 | PA      | $715966.70    | 0.34%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                                | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $646960.00    | 0.31%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-23

**Name of Applicant:** Federated Hermes Income Securities Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Income Securities Trust

**Title:** Chief Compliance Officer