# EDGAR Filing Document

**Accession Number:** 0001696729
**File Stem:** 0000894189-26-004321
**Filing Date:** 2026-2
**Character Count:** 381550
**Document Hash:** d353af6dbe54167c50eee105170cc927
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004321.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000894189-26-004321

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFM Multi-Manager Series Trust
- **CENTRAL INDEX KEY:** 0001696729

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23282
- **FILM NUMBER:** 26670311

**BUSINESS ADDRESS:**
- **STREET 1:** 213 MARKET STREET
- **CITY:** HARRISBURG
- **STATE:** PA
- **ZIP:** 17101
- **BUSINESS PHONE:** 215-567-6100

**MAIL ADDRESS:**
- **STREET 1:** 213 MARKET STREET
- **CITY:** HARRISBURG
- **STATE:** PA
- **ZIP:** 17101

## Series and Classes Contracts Data

### First American Multi-Manager International Equity Fund (Series ID: S000059563)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000195104 | Institutional Class | FAIEX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** | **First American Multi-Manager Domestic Equity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS - 22.1%** | **COMMON STOCKS - 22.1%** | |
| **COMMUNICATION SERVICES - 2.3%** | **COMMUNICATION SERVICES - 2.3%** | |
| Alphabet, Inc. - Class A | 25798 | $8074774 |
| Alphabet, Inc. - Class C | 21468 | 6736658 |
| AT&T, Inc. | 32971 | 819000 |
| Charter Communications, Inc. - Class A <sup>(b)</sup> | 1453 | 303314 |
| Electronic Arts, Inc. | 1944 | 397218 |
| Meta Platforms, Inc. - Class A | 12954 | 8550806 |
| Netflix, Inc. <sup>(b)</sup> | 21583 | 2023622 |
| New York Times Co. (The) - Class A | 4513 | 313292 |
| Universal Music Group NV | 16562 | 432690 |
| Walt Disney Co. | 6951 | 790815 |
| **Total Communication Services** |  | **28442189** |
| **CONSUMER DISCRETIONARY - 2.4%** | **CONSUMER DISCRETIONARY - 2.4%** |  |
| ADT, Inc. | 27444 | 221473 |
| Amazon.com, Inc. <sup>(b)</sup> | 45301 | 10456377 |
| Best Buy Co., Inc. | 5003 | 334851 |
| Birkenstock Holding PLC <sup>(b)</sup> | 17905 | 732315 |
| Cava Group, Inc. <sup>(b)</sup> | 7150 | 419633 |
| eBay, Inc. | 3187 | 277588 |
| Floor & Decor Holdings, Inc. - Class A <sup>(b)</sup> | 609 | 37082 |
| General Motors Co. | 30867 | 2510104 |
| Genius Sports Ltd. <sup>(b)</sup> | 66065 | 728036 |
| Graham Holdings Co. - Class B | 196 | 215326 |
| Hilton Worldwide Holdings, Inc. | 2844 | 816939 |
| Home Depot, Inc. (The) | 6303 | 2168862 |
| Life Time Group Holdings, Inc. <sup>(b)</sup> | 38485 | 1022931 |
| Lowe's Cos., Inc. | 5199 | 1253791 |
| Marriott International, Inc./MD - Class A | 5938 | 1842205 |
| McDonald's Corp. | 2390 | 730456 |
| NIKE, Inc. - Class B | 2076 | 132262 |
| O'Reilly Automotive, Inc. <sup>(b)</sup> | 18651 | 1701158 |
| PulteGroup, Inc. | 7094 | 831842 |
| Tesla, Inc. <sup>(b)</sup> | 5795 | 2606127 |
| Vail Resorts, Inc. | 1586 | 210621 |
| Viking Holdings Ltd. <sup>(b)</sup> | 10078 | 719670 |
| **Total Consumer Discretionary** |  | **29969649** |
| **CONSUMER STAPLES - 1.0%** | **CONSUMER STAPLES - 1.0%** |  |
| Casey's General Stores, Inc. | 588 | 324993 |
| Coca-Cola Co. (The) | 19723 | 1378835 |
| Costco Wholesale Corp. | 2905 | 2505098 |
| Darling Ingredients, Inc. <sup>(b)</sup> | 49400 | 1778400 |
| Hershey Co. (The) | 948 | 172517 |
| Keurig Dr Pepper, Inc. | 10290 | 288223 |
| Kimberly-Clark Corp. | 2396 | 241732 |
| Kroger Co. | 6760 | 422365 |
| Molson Coors Beverage Co. - Class B | 8929 | 416806 |
| Performance Food Group Co. <sup>(b)</sup> | 4535 | 407787 |
| Procter & Gamble Co. (The) | 5690 | 815434 |
| Target Corp. | 3745 | 366074 |
| Turning Point Brands, Inc. | 6600 | 715440 |
| Vital Farms, Inc. <sup>(b)</sup> | 26870 | 858228 |
| Walmart, Inc. | 14634 | 1630374 |
| **Total Consumer Staples** |  | **12322306** |
| **ENERGY - 0.6%** | **ENERGY - 0.6%** |  |
| Antero Resources Corp. <sup>(b)</sup> | 80582 | 2776856 |
| Baker Hughes Co. | 30250 | 1377585 |
| ConocoPhillips | 8401 | 786417 |
| Exxon Mobil Corp. | 10723 | 1290406 |
| Magnolia Oil & Gas Corp. - Class A | 25425 | 556553 |
| Permian Resources Corp. | 24126 | 338488 |
| **Total Energy** |  | **7126305** |
| **FINANCIALS - 3.2%** | **FINANCIALS - 3.2%** |  |
| Affirm Holdings, Inc. <sup>(b)</sup> | 3865 | 287672 |
| Ameriprise Financial, Inc. | 6145 | 3013139 |
| Apollo Global Management, Inc. | 7981 | 1155329 |
| Arch Capital Group Ltd. <sup>(b)</sup> | 7753 | 743668 |
| Assured Guaranty Ltd. | 3118 | 280215 |
| Axos Financial, Inc. <sup>(b)</sup> | 11365 | 979208 |
| Bank of America Corp. | 64618 | 3553990 |
| Bank of New York Mellon Corp. (The) | 11165 | 1296145 |
| Berkshire Hathaway, Inc. - Class B <sup>(b)</sup> | 4415 | 2219200 |
| Blackrock, Inc. | 702 | 751379 |
| Chime Financial, Inc. - Class A <sup>(b)</sup> | 33745 | 849362 |
| Chubb Ltd. | 8789 | 2743223 |
| Citigroup, Inc. | 15469 | 1805078 |
| Coinbase Global, Inc. - Class A <sup>(b)</sup> | 1678 | 379463 |
| Corebridge Financial, Inc. | 13092 | 394986 |
| Fifth Third Bancorp | 6923 | 324066 |
| Goldman Sachs Group, Inc. (The) | 2844 | 2499876 |
| Intercontinental Exchange, Inc. | 14252 | 2308254 |
| Jefferies Financial Group, Inc. | 2091 | 129579 |
| JPMorgan Chase & Co. | 16085 | 5182909 |
| KKR & Co., Inc. | 2347 | 299195 |
| Mastercard, Inc. - Class A | 4513 | 2576381 |
| Morgan Stanley | 2453 | 435481 |
| Palomar Holdings, Inc. <sup>(b)</sup> | 4635 | 624612 |
| PayPal Holdings, Inc. | 1799 | 105026 |
| Raymond James Financial, Inc. | 8070 | 1295961 |
| Starwood Property Trust, Inc. | 19796 | 356526 |
| TPG, Inc. | 4709 | 300622 |
| UMB Financial Corp. | 5196 | 597748 |
| Visa, Inc. - Class A | 9332 | 3272826 |
| **Total Financials** |  | **40761119** |
| **HEALTH CARE - 2.8%** | **HEALTH CARE - 2.8%** |  |
| AbbVie, Inc. | 5199 | 1187919 |
| Adaptive Biotechnologies Corp. <sup>(b)</sup> | 120538 | 1957537 |
| Amgen, Inc. | 1164 | 380989 |
| Artivion, Inc. <sup>(b)</sup> | 17790 | 811402 |
| AstraZeneca PLC - ADR | 3825 | 351632 |
| AtriCure, Inc. <sup>(b)</sup> | 16400 | 648784 |
| Becton Dickinson & Co. | 926 | 179709 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(b)</sup> | 816 | 247240 |
| Bio-Techne Corp. | 34103 | 2005597 |
| Boston Scientific Corp. <sup>(b)</sup> | 13434 | 1280932 |
| Cigna Group (The) | 3033 | 834773 |
| CVS Health Corp. | 5381 | 427036 |
| Dexcom, Inc. <sup>(b)</sup> | 15478 | 1027275 |
| Eli Lilly & Co. | 3603 | 3872072 |
| Glaukos Corp. <sup>(b)</sup> | 8105 | 915136 |
| Guardant Health, Inc. <sup>(b)</sup> | 38470 | 3929326 |
| Guardian Pharmacy Services, Inc. - Class A <sup>(b)</sup> | 2433 | 73209 |
| HCA Healthcare, Inc. | 562 | 262375 |
| Hinge Health, Inc. - Class A <sup>(b)</sup> | 13885 | 644958 |
| Humana, Inc. | 900 | 230517 |
| Johnson & Johnson | 5200 | 1076140 |
| McKesson Corp. | 1316 | 1079502 |
| Medline, Inc. - Class A <sup>(b)</sup> | 555 | 23310 |
| Medtronic PLC | 4288 | 411905 |
| Merck & Co., Inc. | 7948 | 836606 |
| PROCEPT BioRobotics Corp. <sup>(b)</sup> | 19070 | 599942 |
| Regeneron Pharmaceuticals, Inc. | 783 | 604374 |
| Repligen Corp. <sup>(b)</sup> | 4360 | 714430 |
| Royalty Pharma PLC - Class A | 3259 | 125928 |
| Tenet Healthcare Corp. <sup>(b)</sup> | 3005 | 597154 |
| Thermo Fisher Scientific, Inc. | 4610 | 2671264 |
| Twist Bioscience Corp. <sup>(b)</sup> | 20640 | 654701 |
| uniQure NV <sup>(b)</sup> | 5440 | 130179 |
| UnitedHealth Group, Inc. | 2656 | 876772 |
| Vericel Corp. <sup>(b)</sup> | 25630 | 922936 |
| Vertex Pharmaceuticals, Inc. <sup>(b)</sup> | 2771 | 1256261 |
| Waystar Holding Corp. <sup>(b)</sup> | 20325 | 665644 |
| **Total Health Care** |  | **34515466** |
| **INDUSTRIALS - 1.9%** | **INDUSTRIALS - 1.9%** |  |
| AMETEK, Inc. | 12014 | 2466594 |
| Amprius Technologies, Inc. <sup>(b)</sup> | 37270 | 294060 |
| API Group Corp. <sup>(b)</sup> | 25970 | 993612 |
| Boeing Co. (The) <sup>(b)</sup> | 3379 | 733648 |
| Cardinal Infrastructure Group, Inc. - Class A <sup>(b)</sup> | 6620 | 160072 |
| Casella Waste Systems, Inc. - Class A <sup>(b)</sup> | 12785 | 1252163 |
| CECO Environmental Corp. <sup>(b)</sup> | 17800 | 1065330 |
| Cintas Corp. | 1079 | 202928 |
| Deere & Co. | 783 | 364541 |
| FedEx Corp. | 1717 | 495973 |
| General Electric Co. | 4415 | 1359952 |
| Honeywell International, Inc. | 7683 | 1498876 |
| Huron Consulting Group, Inc. <sup>(b)</sup> | 3905 | 675214 |
| Modine Manufacturing Co. <sup>(b)</sup> | 7105 | 948589 |
| Nextpower, Inc. - Class A <sup>(b)</sup> | 3970 | 345827 |
| Norfolk Southern Corp. | 7087 | 2046159 |
| Northrop Grumman Corp. | 783 | 446474 |
| Otis Worldwide Corp. | 11872 | 1037019 |
| Owens Corning | 1146 | 128249 |
| RTX Corp. | 3042 | 557903 |
| Snap-on, Inc. | 588 | 202625 |
| Southwest Airlines Co. | 25512 | 1054411 |
| SPX Technologies, Inc. <sup>(b)</sup> | 3787 | 757627 |
| Trane Technologies PLC | 5778 | 2248798 |
| Union Pacific Corp. | 5072 | 1173255 |
| United Rentals, Inc. | 741 | 599706 |
| VSE Corp. | 3805 | 657390 |
| **Total Industrials** |  | **23766995** |
| **INFORMATION TECHNOLOGY - 6.6%** | **INFORMATION TECHNOLOGY - 6.6%** |  |
| Adobe, Inc. <sup>(b)</sup> | 1011 | 353840 |
| Advanced Micro Devices, Inc. <sup>(b)</sup> | 573 | 122714 |
| Agilysys, Inc. <sup>(b)</sup> | 3325 | 395143 |
| Amphenol Corp. - Class A | 15302 | 2067912 |
| Analog Devices, Inc. | 9136 | 2477683 |
| Apple, Inc. | 58731 | 15966610 |
| Applied Materials, Inc. | 6966 | 1790192 |
| Braze, Inc. - Class A <sup>(b)</sup> | 5410 | 185509 |
| Broadcom, Inc. | 28095 | 9723680 |
| Cisco Systems, Inc. | 18840 | 1451245 |
| Crowdstrike Holdings, Inc. - Class A <sup>(b)</sup> | 2019 | 946426 |
| Fair Isaac Corp. <sup>(b)</sup> | 70 | 118343 |
| Gartner, Inc. <sup>(b)</sup> | 1045 | 263633 |
| GoDaddy, Inc. - Class A <sup>(b)</sup> | 1880 | 233270 |
| Guidewire Software, Inc. <sup>(b)</sup> | 3039 | 610869 |
| Intel Corp. <sup>(b)</sup> | 4939 | 182249 |
| International Business Machines Corp. | 2550 | 755336 |
| Lam Research Corp. | 11578 | 1981922 |
| Lattice Semiconductor Corp. <sup>(b)</sup> | 12800 | 941824 |
| MACOM Technology Solutions Holdings, Inc. <sup>(b)</sup> | 4870 | 834134 |
| Microsoft Corp. | 31627 | 15295450 |
| Novanta, Inc. <sup>(b)</sup> | 8115 | 965604 |
| NVIDIA Corp. | 89150 | 16626475 |
| Oracle Corp. | 9953 | 1939939 |
| Palantir Technologies, Inc. - Class A <sup>(b)</sup> | 1405 | 249739 |
| Qnity Electronics, Inc. | 2244 | 183223 |
| QUALCOMM, Inc. | 4317 | 738423 |
| Rambus, Inc. <sup>(b)</sup> | 7165 | 658392 |
| Salesforce, Inc. | 3043 | 806121 |
| ServiceTitan, Inc. - Class A <sup>(b)</sup> | 9270 | 987255 |
| Silicon Motion Technology Corp. - ADR | 4605 | 426883 |
| SiTime Corp. <sup>(b)</sup> | 2450 | 865315 |
| Synopsys, Inc. <sup>(b)</sup> | 2751 | 1292200 |
| Twilio, Inc. - Class A <sup>(b)</sup> | 4455 | 633679 |
| **Total Information Technology** |  | **83071232** |
| **MATERIALS - 0.3%** | **MATERIALS - 0.3%** |  |
| Amcor PLC | 34859 | 290724 |
| Avery Dennison Corp. | 10883 | 1979400 |
| DuPont de Nemours, Inc. | 5551 | 223150 |
| Eastman Chemical Co. | 2896 | 184852 |
| Freeport-McMoRan, Inc. | 13016 | 661083 |
| Nucor Corp. | 3648 | 595025 |
| Solstice Advanced Materials, Inc. <sup>(b)</sup> | 686 | 33326 |
| **Total Materials** |  | **3967560** |
| **REAL ESTATE - 0.5%** | **REAL ESTATE - 0.5%** |  |
| Armada Hoffler Properties, Inc. REIT | 36306 | 240346 |
| BXP, Inc. | 770 | 51960 |
| CBRE Group, Inc. - Class A <sup>(b)</sup> | 10434 | 1677683 |
| CoStar Group, Inc. <sup>(b)</sup> | 3380 | 227271 |
| FirstService Corp. | 8110 | 1261348 |
| Gaming and Leisure Properties, Inc. REIT | 20855 | 932010 |
| Prologis, Inc. REIT | 8572 | 1094301 |
| **Total Real Estate** |  | **5484919** |
| **UTILITIES - 0.5%** | **UTILITIES - 0.5%** |  |
| American Water Works Co., Inc. | 8624 | 1125432 |
| Constellation Energy Corp. | 3227 | 1140002 |
| NextEra Energy, Inc. | 23603 | 1894849 |
| NRG Energy, Inc. | 6864 | 1093023 |
| PG&E Corp. | 58808 | 945045 |
| **Total Utilities** |  | **6198351** |
| **TOTAL COMMON STOCKS** (Cost $221,225,225) | **TOTAL COMMON STOCKS** (Cost $221,225,225) | **275626091** |
| **EXCHANGE-TRADED FUNDS - 75.0%** | **EXCHANGE-TRADED FUNDS - 75.0%** |  |
| iShares Russell 1000 ETF | 5073 | 1894461 |
| Schwab US Large-Cap ETF <sup>(a)</sup> | 34706079 | 933940586 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $749,584,948) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $749,584,948) | **935835047** |
| **MUTUAL FUNDS - 2.4%** | **MUTUAL FUNDS - 2.4%** |  |
| PIMCO RAE US Small Fund - Institutional Class (Cost $28,764,327) | 2602317 | **30264941** |
| **SHORT-TERM INVESTMENTS - 0.6%** | **SHORT-TERM INVESTMENTS - 0.6%** |  |
| BlackRock Liquidity FedFund - Institutional Class, 3.65% <sup>(c)</sup> (Cost $7,655,759) | 7655759 | **7655759** |
| **TOTAL INVESTMENTS - 100.1% (**Cost $1,007,230,259**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $1,007,230,259**)** | $**1249381838** |
| **OTHER ASSETS AND LIABILITIES, NET - (0.1)%** | **OTHER ASSETS AND LIABILITIES, NET - (0.1)%** | **(675120)** |
| **NET ASSETS - 100.0%** |  | $**1248706718** |

---

---

| | |
|:---|:---|
| (a) | *Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.* |
| (b) | *Non-income producing security.* |
| (c) | *The rate shown represents the 7-day annualized effective yield as of December 31, 2025.* |
| *ADR* | *American Depositary Receipt* |
| *ETF* | *Exchange-Traded Fund* |
| *REIT* | *Real Estate Investment Trust* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: |
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks\* | $275193401 | $432690 | $– | $275626091 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 935835047 | – | – | 935835047 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mutual Funds | 30264941 | – | – | 30264941 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 7655759 | – | – | 7655759 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investments** | $1248949148 | $432690 | $– | $1249381838 |
| \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* |

---

------

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** | **First American Multi-Manager International Equity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS - 44.2%** | **COMMON STOCKS - 44.2%** | |
| **AUSTRALIA - 1.1%** | **AUSTRALIA - 1.1%** | |
| Aeris Resources Ltd. <sup>(b)</sup> | 199327 | $79839 |
| ANZ Group Holdings Ltd. | 28559 | 691055 |
| Aristocrat Leisure Ltd. | 72955 | 2829210 |
| BHP Group Ltd. | 11623 | 350737 |
| BlueScope Steel Ltd. | 25008 | 400015 |
| Brambles Ltd. | 171990 | 2636319 |
| Capricorn Metals Ltd. <sup>(b)</sup> | 11583 | 110438 |
| Cogstate Ltd. | 15498 | 23198 |
| Fleetwood Ltd. | 7752 | 13735 |
| Genesis Minerals Ltd. <sup>(b)</sup> | 9070 | 43601 |
| GR Engineering Services Ltd. | 29714 | 88328 |
| Horizon Oil Ltd. | 215936 | 29486 |
| Macmahon Holdings Ltd. | 136065 | 60305 |
| Northern Star Resources Ltd. | 138632 | 2459120 |
| Pro Medicus Ltd. | 2572 | 376619 |
| Qantas Airways Ltd. | 44387 | 306224 |
| REA Group Ltd. | 106 | 12975 |
| South32 Ltd. | 43156 | 102455 |
| Vault Minerals Ltd. <sup>(b)</sup> | 96093 | 348348 |
| Whitehaven Coal Ltd. | 13388 | 69190 |
| **Total Australia** |  | **11031197** |
| **AUSTRIA - 0.4%** | **AUSTRIA - 0.4%** |  |
| Erste Group Bank AG | 30475 | 3666432 |
| Fabasoft AG | 1638 | 30621 |
| Palfinger AG | 231 | 9040 |
| Raiffeisen Bank International AG | 9646 | 431349 |
| Zumtobel Group AG | 1953 | 7791 |
| **Total Austria** |  | **4145233** |
| **BELGIUM - 0.3%** | **BELGIUM - 0.3%** |  |
| Home Invest Belgium SA | 1112 | 24021 |
| KBC Group NV | 5488 | 713346 |
| UCB SA | 6907 | 1926479 |
| **Total Belgium** |  | **2663846** |
| **BERMUDA - 0.3%** | **BERMUDA - 0.3%** |  |
| Arch Capital Group Ltd. <sup>(b)</sup> | 34990 | **3356241** |
| **BRAZIL - 0.9%** | **BRAZIL - 0.9%** |  |
| Banco BTG Pactual SA | 260002 | 2509039 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 121260 | 2944684 |
| NU Holdings Ltd./Cayman Islands - Class A <sup>(b)</sup> | 188410 | 3153984 |
| **Total Brazil** |  | **8607707** |
| **BRITAIN - 5.7%** | **BRITAIN - 5.7%** |  |
| 3i Group PLC | 79400 | 3454471 |
| accesso Technology Group PLC <sup>(b)</sup> | 6576 | 29342 |
| Aon PLC - Class A | 5420 | 1912610 |
| Ashtead Group PLC | 28988 | 1977701 |
| AstraZeneca PLC | 48600 | 8951693 |
| AstraZeneca PLC - ADR | 5425 | 498720 |
| BAE Systems PLC | 251100 | 5772520 |
| Barclays PLC | 599551 | 3805966 |
| Barclays PLC - ADR | 59447 | 1512926 |
| BP PLC - ADR | 40001 | 1389235 |
| Coca-Cola Europacific Partners PLC | 23140 | 2098798 |
| Diageo PLC | 51524 | 1109859 |
| dotdigital group PLC | 46816 | 42528 |
| Endeavour Mining PLC | 636 | 32931 |
| Foxtons Group PLC | 31033 | 24820 |
| GSK PLC | 58198 | 1430242 |
| GSK PLC - ADR | 31616 | 1550449 |
| Haleon PLC | 354751 | 1795086 |
| Halfords Group PLC | 21670 | 41035 |
| International Consolidated Airlines Group SA | 60461 | 334774 |
| NatWest Group PLC | 147584 | 1287217 |
| Next PLC | 724 | 133204 |
| Odfjell Technology Ltd. | 6777 | 37960 |
| Rentokil Initial PLC | 194312 | 1160592 |
| Rolls-Royce Holdings PLC | 761593 | 11837503 |
| Sage Group PLC (The) | 7347 | 106984 |
| Speedy Hire PLC | 27025 | 9095 |
| Standard Chartered PLC | 27967 | 682980 |
| TechnipFMC PLC | 27635 | 1231416 |
| Unilever PLC | 18648 | 1222313 |
| **Total Britain** |  | **55474970** |
| **CANADA - 2.0%** | **CANADA - 2.0%** |  |
| B2Gold Corp. | 8700 | 39172 |
| Bonterra Energy Corp. <sup>(b)</sup> | 4600 | 15148 |
| Brookfield Corp. | 73113 | 3356950 |
| Cameco Corp. | 31807 | 2912465 |
| Canada Goose Holdings, Inc. <sup>(b)</sup> | 6004 | 77752 |
| Canadian Natural Resources Ltd. | 61670 | 2088841 |
| Canadian Pacific Kansas City Ltd. | 44590 | 3283162 |
| Centerra Gold, Inc. | 9100 | 131009 |
| CES Energy Solutions Corp. | 2100 | 18773 |
| Dexterra Group, Inc. | 2275 | 19293 |
| Dynacor Group, Inc. | 5600 | 23949 |
| Eldorado Gold Corp. <sup>(b)</sup> | 3300 | 118603 |
| Enerflex Ltd. | 3309 | 51013 |
| FirstService Corp. | 500 | 77757 |
| Fortuna Mining Corp. <sup>(b)</sup> | 20224 | 198181 |
| Hudbay Minerals, Inc. | 7000 | 138975 |
| Kinaxis, Inc. <sup>(b)</sup> | 600 | 75661 |
| Kinross Gold Corp. | 87333 | 2459869 |
| Martinrea International, Inc. | 6179 | 46639 |
| Melcor Developments Ltd. | 2000 | 22207 |
| Sangoma Technologies Corp. <sup>(b)</sup> | 1700 | 8534 |
| Saputo, Inc. | 800 | 24078 |
| Shopify, Inc. - Class A <sup>(b)</sup> | 18120 | 2916776 |
| Waste Connections, Inc. | 10960 | 1921946 |
| **Total Canada** |  | **20026753** |
| **CHINA - 1.8%** | **CHINA - 1.8%** |  |
| Carpenter Tan Holdings Ltd. | 41500 | 42156 |
| China Xinhua Education Group Ltd. <sup>(b)(c)</sup> | 150000 | 10739 |
| Contemporary Amperex Technology Co. Ltd. - Class A | 51321 | 2686769 |
| Eastroc Beverage Group Co. Ltd. | 38809 | 1483995 |
| Modern Land China Co., Ltd. <sup>(b)</sup> | 430000 | 774 |
| Natural Food International Holding Ltd. | 174681 | 24378 |
| New Hope Service Holdings Ltd. | 71000 | 17681 |
| Sany Heavy Industry Co. Ltd. - Class A | 464204 | 1401775 |
| Tencent Holdings Ltd. | 128000 | 9808286 |
| WuXi AppTec Co. Ltd. - Class A | 126921 | 1639483 |
| Xin Point Holdings Ltd. | 34000 | 16695 |
| Yangzijiang Shipbuilding Holdings Ltd. | 172100 | 465954 |
| **Total China** |  | **17598685** |
| **CURACAO - 0.1%** | **CURACAO - 0.1%** |  |
| HAL Trust | 2776 | **461318** |
| **DENMARK - 0.3%** | **DENMARK - 0.3%** |  |
| AP Moller - Maersk A/S - Class B | 292 | 673040 |
| Columbus A/S | 1227 | 1843 |
| Genmab A/S <sup>(b)</sup> | 1103 | 340843 |
| Novo Nordisk A/S | 36470 | 1858978 |
| **Total Denmark** |  | **2874704** |
| **FINLAND - 0.1%** | **FINLAND - 0.1%** |  |
| Kone Oyj - Class B | 2063 | 146324 |
| Nokia Oyj - ADR | 18389 | 118977 |
| Nordea Bank Abp | 10456 | 197099 |
| Orion Oyj | 309 | 22923 |
| Sampo Oyj | 8202 | 99420 |
| Wartsila OYJ Abp | 22113 | 782354 |
| **Total Finland** |  | **1367097** |
| **FRANCE - 2.7%** | **FRANCE - 2.7%** |  |
| AKWEL SADIR | 736 | 7093 |
| Amundi SA <sup>(c)</sup> | 12877 | 1064981 |
| BNP Paribas SA | 21037 | 1990636 |
| CBo Territoria | 4714 | 20157 |
| Cie de Saint-Gobain SA | 15722 | 1595986 |
| Cie Generale des Etablissements Michelin SCA | 40179 | 1332490 |
| Dassault Aviation SA | 48 | 15381 |
| Fountaine Pajot SA | 82 | 9977 |
| Gaztransport Et Technigaz SA | 723 | 132643 |
| Klepierre SA | 17439 | 690479 |
| LVMH Moet Hennessy Louis Vuitton SE | 2067 | 1558310 |
| Manitou BF SA | 530 | 11988 |
| NRJ Group | 1377 | 13037 |
| Orange SA | 195635 | 3264199 |
| Safran SA | 25815 | 8983118 |
| Sanofi SA | 2367 | 229641 |
| Societe Generale SA | 50739 | 4087928 |
| TotalEnergies SE | 22243 | 1449749 |
| **Total France** |  | **26457793** |
| **GERMANY - 4.9%** | **GERMANY - 4.9%** |  |
| Aumovio SE <sup>(b)</sup> | 1939 | 97710 |
| Commerzbank AG | 32631 | 1381467 |
| Deutsche Bank AG | 37948 | 1475972 |
| Deutsche Boerse AG | 8060 | 2117046 |
| Deutsche Lufthansa AG | 25997 | 257069 |
| E.ON SE | 139992 | 2653812 |
| Fresenius SE & Co. KGaA | 57248 | 3294926 |
| GEA Group AG | 4457 | 302601 |
| Gesco SE | 1042 | 17451 |
| HOCHTIEF AG | 950 | 376010 |
| Infineon Technologies AG | 45033 | 1995358 |
| KSB SE & Co. KGaA | 26 | 29466 |
| M1 Kliniken AG | 1141 | 25418 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 3402 | 2246604 |
| Nemetschek SE | 19173 | 2090609 |
| Rheinmetall AG | 2951 | 5411248 |
| SAP SE | 18240 | 4462928 |
| Scout24 SE <sup>(c)</sup> | 3087 | 311156 |
| Siemens AG | 12178 | 3420017 |
| Siemens Energy AG <sup>(b)</sup> | 111248 | 15722403 |
| Symrise AG | 9539 | 771902 |
| Technotrans SE | 922 | 37128 |
| Zeal Network SE | 608 | 37541 |
| **Total Germany** |  | **48535842** |
| **GREECE - 0.2%** | **GREECE - 0.2%** |  |
| Alpha Bank SA | 409158 | **1720637** |
| **HONG KONG - 0.6%** | **HONG KONG - 0.6%** |  |
| AIA Group Ltd. | 383600 | 3940145 |
| APT Satellite Holdings Ltd. | 94000 | 33577 |
| Bank of East Asia Ltd. (The) | 86000 | 147031 |
| Chen Hsong Holdings | 38098 | 7683 |
| Futu Holdings Ltd. - ADR <sup>(b)</sup> | 1278 | 209860 |
| Giordano International Ltd. | 128000 | 23519 |
| Intron Technology Holdings Ltd. | 90000 | 22832 |
| Jardine Matheson Holdings Ltd. | 3000 | 204611 |
| Johnson Electric Holdings Ltd. | 13000 | 49257 |
| KLN Logistics Group Ltd. | 173038 | 157424 |
| Midland Holdings Ltd. <sup>(b)</sup> | 204000 | 60156 |
| PAX Global Technology Ltd. | 138000 | 89363 |
| PC Partner Group Ltd. | 16000 | 10709 |
| Pico Far East Holdings Ltd. | 264607 | 90991 |
| Sa Sa International Holdings Ltd. | 132000 | 10167 |
| Singamas Container Holdings Ltd. | 276253 | 24474 |
| SITC International Holdings Co., Ltd. | 116043 | 414589 |
| Techtronic Industries Co., Ltd. | 9000 | 103399 |
| VTech Holdings Ltd. | 3200 | 25161 |
| Wharf Real Estate Investment Co. Ltd. | 43000 | 135492 |
| Yue Yuen Industrial Holdings Ltd. | 107000 | 219371 |
| **Total Hong Kong** |  | **5979811** |
| **INDIA - 1.0%** | **INDIA - 1.0%** |  |
| Bharti Airtel Ltd. | 123054 | 2886738 |
| Hindustan Aeronautics Ltd. | 28629 | 1397900 |
| ICICI Bank Ltd. - ADR | 172192 | 5131322 |
| **Total India** |  | **9415960** |
| **IRELAND - 0.5%** | **IRELAND - 0.5%** |  |
| Accenture PLC - Class A | 6619 | 1775878 |
| Experian PLC | 77569 | 3508160 |
| Origin Enterprises PLC | 8956 | 43021 |
| **Total Ireland** |  | **5327059** |
| **ISRAEL - 0.3%** | **ISRAEL - 0.3%** |  |
| Check Point Software Technologies Ltd. <sup>(b)</sup> | 1728 | 320648 |
| Monday.com Ltd. <sup>(b)</sup> | 10080 | 1487405 |
| Nice Ltd. - ADR <sup>(b)</sup> | 1840 | 207994 |
| Teva Pharmaceutical Industries Ltd. - ADR <sup>(b)</sup> | 31610 | 986548 |
| Wix.com Ltd. <sup>(b)</sup> | 3559 | 369744 |
| **Total Israel** |  | **3372339** |
| **ITALY - 0.8%** | **ITALY - 0.8%** |  |
| A2A SpA | 180434 | 489288 |
| Banca Mediolanum SpA | 14793 | 336840 |
| Banca Monte dei Paschi di Siena SpA | 244940 | 2607542 |
| Cairo Communication SpA <sup>(b)</sup> | 7053 | 23285 |
| Emak SpA | 21988 | 23844 |
| Eni SpA | 17117 | 324677 |
| Ferrari NV | 5540 | 2062730 |
| Leonardo SpA | 1342 | 76877 |
| Orsero SpA | 3283 | 71393 |
| Piquadro SpA | 6750 | 19733 |
| Prysmian SpA | 13816 | 1377618 |
| **Total Italy** |  | **7413827** |
| **JAPAN - 5.4%** | **JAPAN - 5.4%** |  |
| Advantest Corp. | 5200 | 656469 |
| Aisin Corp. | 11000 | 205720 |
| Ajis Co., Ltd. | 800 | 15110 |
| Astellas Pharma, Inc. | 9900 | 132274 |
| Brother Industries Ltd. | 4400 | 87784 |
| CTS Co., Ltd. | 4600 | 30716 |
| Daihatsu Diesel Manufacturing Co., Ltd. | 1600 | 25930 |
| Dai-Ichi Cutter Kogyo KK | 2800 | 25031 |
| Dai-ichi Life Holdings, Inc. | 38000 | 315485 |
| Daiichi Sankyo Co., Ltd. | 1500 | 31946 |
| Daikin Industries Ltd. | 8800 | 1129683 |
| Denso Corp. | 43100 | 594538 |
| Eisai Co., Ltd. | 33000 | 979036 |
| ENEOS Holdings, Inc. | 102700 | 725749 |
| FANUC Corp. | 32400 | 1260998 |
| Fast Retailing Co., Ltd. | 5300 | 1922057 |
| Fujitsu Ltd. | 1000 | 27418 |
| GMO GlobalSign Holdings KK | 900 | 13542 |
| Honda Motor Co. Ltd. | 17300 | 169347 |
| Ichikoh Industries Ltd. | 4900 | 16092 |
| ID Holdings Corp. | 1600 | 22258 |
| Idemitsu Kosan Co., Ltd. | 40300 | 303986 |
| JAC Recruitment Co., Ltd. | 2200 | 14930 |
| Japan Exchange Group, Inc. | 37500 | 400250 |
| Japan Post Bank Co., Ltd. | 5700 | 80165 |
| Japan Post Holdings Co., Ltd. | 82800 | 870710 |
| Kanamoto Co., Ltd. | 900 | 22505 |
| Kita-Nippon Bank Ltd. (The) | 800 | 23103 |
| Kuriyama Holdings Corp. | 900 | 9532 |
| Lasertec Corp. | 100 | 18979 |
| Makiya Co., Ltd. | 1100 | 8491 |
| Mazda Motor Corp. | 52500 | 410015 |
| Mitsubishi Heavy Industries Ltd. | 182700 | 4474682 |
| Mizuho Financial Group, Inc. | 98200 | 3565809 |
| MonotaRO Co., Ltd. | 123300 | 1980294 |
| Murata Manufacturing Co., Ltd. | 9900 | 205520 |
| Nanyo Corp. | 1600 | 14698 |
| NEC Corp. | 9300 | 313587 |
| NEOJAPAN, Inc. | 1600 | 18512 |
| Nintendo Co., Ltd. | 103800 | 7011622 |
| Nippon Shinyaku Co., Ltd. | 7000 | 252210 |
| Nissan Motor Co., Ltd. <sup>(b)</sup> | 71700 | 178088 |
| Nomura Holdings, Inc. | 32200 | 267853 |
| Ono Pharmaceutical Co., Ltd. | 9900 | 137222 |
| ORIX Corp. | 15200 | 441892 |
| Otsuka Corp. | 11400 | 234682 |
| Otsuka Holdings Co., Ltd. | 23700 | 1338923 |
| Pan Pacific International Holdings Corp. | 666000 | 3968849 |
| Recruit Holdings Co., Ltd. | 55800 | 3183226 |
| Rheon Automatic Machinery Co., Ltd. | 3700 | 34371 |
| Ricoh Co., Ltd. | 25000 | 219479 |
| SCREEN Holdings Co., Ltd. | 200 | 19391 |
| Seiko Epson Corp. | 6100 | 77308 |
| Sekisui Kasei Co., Ltd. <sup>(b)</sup> | 5400 | 13796 |
| Sompo Holdings, Inc. | 99200 | 3377244 |
| Sony Group Corp. | 303100 | 7747284 |
| Sumitomo Electric Industries Ltd. | 1700 | 68831 |
| Sumitomo Mitsui Financial Group, Inc. | 34400 | 1107108 |
| Sysmex Corp. | 26700 | 263173 |
| Taiko Bank Ltd. (The) | 1500 | 19781 |
| Takaoka Toko Co., Ltd. | 1900 | 47244 |
| Tokyo Electron Ltd. | 3800 | 834547 |
| Toyokumo, Inc. | 900 | 15825 |
| Toyota Motor Corp. | 18600 | 397888 |
| Trend Micro, Inc./Japan <sup>(b)</sup> | 12900 | 534152 |
| Trinity Industrial Corp. | 1500 | 12419 |
| Yokogawa Electric Corp. | 4500 | 144321 |
| Yokowo Co., Ltd. | 2300 | 33072 |
| Yushin Precision Equipment Co., Ltd. | 5900 | 26783 |
| **Total Japan** |  | **53131535** |
| **MACAO - 0.0% <sup>(d)</sup>** | **MACAO - 0.0% <sup>(d)</sup>** |  |
| MGM China Holdings Ltd. | 45200 | **75867** |
| **MEXICO - 0.5%** | **MEXICO - 0.5%** |  |
| Grupo Mexico SAB de CV - Class B | 352118 | 3328085 |
| Wal-Mart de Mexico SAB de CV | 600832 | 1868810 |
| **Total Mexico** |  | **5196895** |
| **NETHERLANDS - 2.3%** | **NETHERLANDS - 2.3%** |  |
| ABN AMRO Bank NV <sup>(c)</sup> | 64478 | 2250603 |
| Adyen NV <sup>(b)(c)</sup> | 1990 | 3192896 |
| Akzo Nobel NV | 13613 | 945474 |
| Argenx SE - ADR <sup>(b)</sup> | 366 | 307788 |
| ASM International NV | 4020 | 2423328 |
| ASML Holding NV | 6446 | 6896318 |
| Euronext NV <sup>(c)</sup> | 735 | 110318 |
| Heineken NV | 13000 | 1063417 |
| ING Groep NV | 45743 | 1285889 |
| Koninklijke Ahold Delhaize NV | 30968 | 1270082 |
| Koninklijke Philips NV | 9388 | 254086 |
| Magnum Ice Cream Co. NV <sup>(b)</sup> | 4195 | 67126 |
| NN Group NV | 14189 | 1092316 |
| SBM Offshore NV | 39229 | 1125345 |
| Wolters Kluwer NV | 6142 | 637701 |
| **Total Netherlands** |  | **22922687** |
| **NEW ZEALAND - 0.0% <sup>(d)</sup>** | **NEW ZEALAND - 0.0% <sup>(d)</sup>** |  |
| Aroa Biosurgery Ltd. <sup>(b)</sup> | 35869 | 17711 |
| Fisher & Paykel Healthcare Corp. Ltd. | 15570 | 338713 |
| Scales Corp. Ltd. | 3335 | 11438 |
| **Total New Zealand** |  | **367862** |
| **NORWAY - 0.0% <sup>(d)</sup>** | **NORWAY - 0.0% <sup>(d)</sup>** |  |
| BW Offshore Ltd. | 13379 | 59940 |
| Noram Drilling AS | 6101 | 19969 |
| Yara International ASA | 6377 | 261284 |
| **Total Norway** |  | **341193** |
| **PERU - 0.3%** | **PERU - 0.3%** |  |
| Credicorp Ltd. | 9432 | **2706984** |
| **PORTUGAL - 0.2%** | **PORTUGAL - 0.2%** |  |
| Galp Energia SGPS SA | 115076 | 1960387 |
| Ibersol SGPS SA | 2340 | 27235 |
| Jeronimo Martins SGPS SA | 13321 | 317311 |
| **Total Portugal** |  | **2304933** |
| **SINGAPORE - 1.1%** | **SINGAPORE - 1.1%** |  |
| BRC Asia Ltd. | 14800 | 48178 |
| DBS Group Holdings Ltd. | 62300 | 2726520 |
| Far East Orchard Ltd. | 15300 | 14738 |
| Hafnia Ltd. | 3936 | 21207 |
| HRnetgroup Ltd. | 101100 | 58980 |
| Info-Tech Systems Integrators Pte Ltd. | 33500 | 20329 |
| OKP Holdings Ltd. | 53600 | 52848 |
| Raffles Medical Group Ltd. | 16900 | 13411 |
| Sea Ltd. - ADR <sup>(b)</sup> | 43330 | 5527608 |
| Singapore Exchange Ltd. | 57800 | 759498 |
| Singapore Technologies Engineering Ltd. | 7900 | 51542 |
| Singapore Telecommunications Ltd. | 155800 | 552007 |
| UMS Integration Ltd. | 180800 | 199072 |
| Venture Corp. Ltd. | 39100 | 459740 |
| **Total Singapore** |  | **10505678** |
| **SOUTH KOREA - 1.5%** | **SOUTH KOREA - 1.5%** |  |
| Korea Electric Power Corp. | 76246 | 2478184 |
| Samsung C&T Corp. | 13422 | 2211152 |
| Samsung Electronics Co., Ltd. | 60987 | 5082919 |
| Samsung Electronics Co., Ltd. - GDR <sup>(e)</sup> | 900 | 1840499 |
| Shinhan Financial Group Co. Ltd. | 50957 | 2719311 |
| **Total South Korea** |  | **14332065** |
| **SPAIN - 1.0%** | **SPAIN - 1.0%** |  |
| ACS Actividades de Construccion y Servicios SA | 1204 | 119411 |
| Banco Bilbao Vizcaya Argentaria SA | 94248 | 2204471 |
| Banco Santander SA | 386562 | 4536240 |
| CaixaBank SA | 103542 | 1264478 |
| Grupo Empresarial San Jose SA | 3607 | 31750 |
| Indra Sistemas SA | 27205 | 1542632 |
| Naturhouse Health SAU | 579 | 1494 |
| **Total Spain** |  | **9700476** |
| **SWEDEN - 0.9%** | **SWEDEN - 0.9%** |  |
| Assa Abloy AB - Class B | 40163 | 1557098 |
| Boliden AB <sup>(b)</sup> | 13167 | 728664 |
| Cloetta AB - Class B | 9157 | 40113 |
| Skandinaviska Enskilda Banken AB - Class A | 7890 | 166562 |
| Spotify Technology SA <sup>(b)</sup> | 8323 | 4833249 |
| Telefonaktiebolaget LM Ericsson - ADR | 101605 | 980488 |
| **Total Sweden** |  | **8306174** |
| **SWITZERLAND - 2.7%** | **SWITZERLAND - 2.7%** |  |
| ABB Ltd. | 27388 | 2024557 |
| Alcon AG | 18762 | 1490330 |
| Cie Financiere Richemont SA | 14701 | 3172714 |
| Coca-Cola HBC AG | 55015 | 2849034 |
| dormakaba Holding AG | 520 | 42047 |
| DSM-Firmenich AG | 9507 | 768262 |
| Galderma Group AG | 725 | 147163 |
| Klingelnberg AG | 360 | 5003 |
| Kongsberg Automotive ASA <sup>(b)</sup> | 94473 | 19435 |
| Logitech International SA | 10590 | 1078514 |
| Multitude AG | 1918 | 13208 |
| Novartis AG | 19021 | 2627527 |
| Roche Holding AG | 12993 | 5369592 |
| Schindler Holding AG | 2242 | 844921 |
| Sunrise Communications AG | 18032 | 964985 |
| Temenos AG | 459 | 45857 |
| Trifork Group AG <sup>(b)</sup> | 1308 | 18684 |
| UBS Group AG | 105421 | 4873303 |
| **Total Switzerland** |  | **26355136** |
| **TAIWAN - 2.1%** | **TAIWAN - 2.1%** |  |
| Accton Technology Corp. | 38000 | 1423305 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 196000 | 9575262 |
| Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | 30690 | 9326384 |
| **Total Taiwan** |  | **20324951** |
| **UNITED ARAB EMIRATES - 0.2%** | **UNITED ARAB EMIRATES - 0.2%** |  |
| Aldar Properties PJSC | 629212 | **1490562** |
| **UNITED STATES - 1.7%** | **UNITED STATES - 1.7%** |  |
| Carnival PLC - ADR <sup>(b)</sup> | 2927 | 88776 |
| Coupang, Inc. <sup>(b)</sup> | 127170 | 2999940 |
| Ferguson Enterprises, Inc. | 12220 | 2720539 |
| Linde PLC | 5350 | 2281186 |
| Philip Morris International, Inc. | 31660 | 5078264 |
| Seagate Technology Holdings PLC | 14150 | 3896769 |
| **Total United States** |  | **17065474** |
| **URUGUAY - 0.3%** | **URUGUAY - 0.3%** |  |
| MercadoLibre, Inc. <sup>(b)</sup> | 1360 | 2739394 |
| **TOTAL COMMON STOCKS** (Cost $344,902,213) | **TOTAL COMMON STOCKS** (Cost $344,902,213) | **433698885** |
| **PREFERRED STOCKS - 0.0% <sup>(d)</sup>** | **PREFERRED STOCKS - 0.0% <sup>(d)</sup>** |  |
| **GERMANY - 0.0% <sup>(d)</sup>** | **GERMANY - 0.0% <sup>(d)</sup>** |  |
|  Henkel AG & Co. KGaA, 0.00% (Cost $505,161) | 6047 | **494216** |
| **EXCHANGE-TRADED FUNDS - 54.6%** | **EXCHANGE-TRADED FUNDS - 54.6%** |  |
| iShares Core MSCI EAFE ETF | 1629 | 145730 |
| Schwab Emerging Markets Equity ETF | 6504452 | 213020803 |
| Schwab International Equity ETF <sup>(a)</sup> | 13429121 | 322836069 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $447,466,727) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $447,466,727) | **536002602** |
| **SHORT-TERM INVESTMENTS - 1.1%** | **SHORT-TERM INVESTMENTS - 1.1%** |  |
| BlackRock Liquidity FedFund - Institutional Class, 3.65% <sup>(f)</sup> (Cost $10,797,808) | 10797808 | **10797808** |
| **TOTAL INVESTMENTS - 99.9% (**Cost $803,671,909**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $803,671,909**)** | $**980993511** |
| **OTHER ASSETS AND LIABILITIES, NET** - 0.1% | **OTHER ASSETS AND LIABILITIES, NET** - 0.1% | **676164** |
| **NET ASSETS - 100.0%** |  | $**981669675** |

---

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| | |
|:---|:---|
| (a) | *Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.* |
| (b) | *Non-income producing security.* |
| (c) | *Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $6,940,693 or 0.7% of the Fund's net assets.* |
| (d) | *Represents less than 0.05% of net assets.* |
| (e) | *Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exempt registration. The security has been deemed liquid under guidelines approved by the Fund's Board of Trustees.. As of December 31, 2025, the value of these securities totaled $1,840,499 or 0.2% of the Fund's net assets.* |
| (f) | *The rate shown represents the 7-day annualized effective yield as of December 31, 2025.* |
| *ADR* | *American Depositary Receipt* |
| *ASA* | *Advanced Subscription Agreement* |
| *ETF* | *Exchange-Traded Fund* |
| *GDR* | *Global Depositary Receipt* |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: |
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks: |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | $– | $11031197 | $– | $11031197 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria | – | 4145233 | – | 4145233 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belgium | – | 2663846 | – | 2663846 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bermuda | 3356241 | – | – | 3356241 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | 8607707 | – | – | 8607707 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Britain | 10194154 | 45280816 | – | 55474970 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | 20026753 | – | – | 20026753 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | 774 | 17598091 | – | 17598865 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Curacao | – | 461318 | – | 461318 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | – | 2874704 | – | 2874704 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finland | 118977 | 1248120 | – | 1367097 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | – | 26457793 | – | 26457793 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | – | 48535842 | – | 48535842 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greece | – | 1720637 | – | 1720637 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | 266956 | 5712855 | – | 5979811 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | 5131322 | 4284638 | – | 9415960 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | 1775878 | 3551181 | – | 5327059 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel | 3372339 | – | – | 3372339 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italy | – | 7413827 | – | 7413827 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | – | 53131535 | – | 53131535 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macao | – | 75687 | – | 75687 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | 5196895 | – | – | 5196895 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 7271232 | 15651455 | – | 22922687 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Zealand | – | 367862 | – | 367862 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norway | – | 341193 | – | 341193 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | 2706984 | – | – | 2706984 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portugal. | – | 2304933 | – | 2304933 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore | 5527608 | 4978070 | – | 10505678 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea | – | 14332065 | – | 14332065 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | – | 9700476 | – | 9700476 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweden | 5813737 | 2492437 | – | 8306174 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | – | 26355136 | – | 26355136 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan | 9326384 | 10998567 | – | 20324951 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Arab Emirates | – | 1490562 | – | 1490562 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | 17065474 | – | – | 17065474 |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uruguay | 2739394 | – | – | 2739394 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Total Common Stocks | 108498809 | 325200076 | – | 433698885 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | – | 494216 | – | 494216 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 536002602 | – | – | 536002602 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 10797808 | – | – | 10797808 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Investments**\* | $655299219 | $325694292 | $– | $980993511 |
| \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* | \**See Schedule of Investments for additional detailed categorizations.* |

---

------

---

| | | |
|:---|:---|:---|
| **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** | **First American Multi-Manager Fixed-Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Investments** | **Principal Amount** | **Value** |
| **U.S. CORPORATE BONDS - 22.9%** | **U.S. CORPORATE BONDS - 22.9%** | **U.S. CORPORATE BONDS - 22.9%** |
| **BASIC MATERIALS - 0.4%** | **BASIC MATERIALS - 0.4%** | **BASIC MATERIALS - 0.4%** |
|  Air Products and Chemicals, Inc., 4.80%, 03/03/2033 | $1000000 | $1019829 |
| CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. |
| &nbsp;&nbsp; 5.30%, 11/26/2035 | 131000 | 130546 |
| &nbsp;&nbsp; 5.38%, 03/15/2044 | 181000 | 169537 |
|  Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. LP, 4.75%, 05/15/2030 <sup>(a)</sup> | 370000 | 374767 |
| Cleveland-Cliffs, Inc. | Cleveland-Cliffs, Inc. | Cleveland-Cliffs, Inc. |
| &nbsp;&nbsp; 6.88%, 11/01/2029 <sup>(a)</sup> | 115000 | 119107 |
| &nbsp;&nbsp; 7.38%, 05/01/2033 <sup>(a)</sup> | 70000 | 72802 |
| Dow Chemical Co. | Dow Chemical Co. | Dow Chemical Co. |
| &nbsp;&nbsp; 5.65%, 03/15/2036 | 135000 | 134404 |
| &nbsp;&nbsp; 5.60%, 02/15/2054 | 2500000 | 2172476 |
| DuPont de Nemours, Inc. | DuPont de Nemours, Inc. | DuPont de Nemours, Inc. |
| &nbsp;&nbsp; 4.73%, 11/15/2028 <sup>(a)</sup> | 312000 | 315949 |
| &nbsp;&nbsp; 5.42%, 11/15/2048 | 15000 | 14264 |
|  Eastman Chemical Co., 5.75%, 03/08/2033 | 114000 | 119461 |
| Ecolab, Inc. | Ecolab, Inc. | Ecolab, Inc. |
| &nbsp;&nbsp; 5.25%, 01/15/2028 | 105000 | 107807 |
| &nbsp;&nbsp; 4.30%, 06/15/2028 | 58000 | 58607 |
| &nbsp;&nbsp; 2.70%, 12/15/2051 | 175000 | 108032 |
| Georgia-Pacific LLC | Georgia-Pacific LLC | Georgia-Pacific LLC |
| &nbsp;&nbsp; 0.95%, 05/15/2026 <sup>(a)</sup> | 434000 | 429152 |
| &nbsp;&nbsp; 4.40%, 06/30/2028 <sup>(a)</sup> | 51000 | 51605 |
|  Mosaic Co., 4.60%, 11/15/2030 | 103000 | 103203 |
|  Novelis Corp., 6.88%, 01/30/2030 <sup>(a)</sup> | 125000 | 129794 |
| Nucor Corp. | Nucor Corp. | Nucor Corp. |
| &nbsp;&nbsp; 4.30%, 05/23/2027 | 123000 | 123766 |
| &nbsp;&nbsp; 5.10%, 06/01/2035 | 139000 | 142034 |
|  PPG Industries, Inc., 4.38%, 03/15/2031 | 153000 | 152817 |
| Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. |
| &nbsp;&nbsp; 4.00%, 12/15/2028 | 73000 | 72916 |
| &nbsp;&nbsp; 5.38%, 08/15/2034 | 70000 | 72519 |
|  Westlake Corp., 3.38%, 08/15/2061 | 199000 | 116834 |
| **Total Basic Materials** | **Total Basic Materials** | **6312228** |
| **COMMUNICATIONS - 1.3%** | **COMMUNICATIONS - 1.3%** | **COMMUNICATIONS - 1.3%** |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| &nbsp;&nbsp; 1.10%, 08/15/2030 | 2500000 | 2203548 |
| &nbsp;&nbsp; 4.10%, 11/15/2030 | 425000 | 426304 |
| &nbsp;&nbsp; 5.35%, 11/15/2045 | 89000 | 88438 |
| &nbsp;&nbsp; 5.25%, 05/15/2055 | 6000 | 5747 |
| &nbsp;&nbsp; 5.30%, 05/15/2065 | 89000 | 83703 |
| &nbsp;&nbsp; 5.70%, 11/15/2075 | 89000 | 87598 |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| &nbsp;&nbsp; 3.90%, 11/20/2028 | 236000 | 236722 |
| &nbsp;&nbsp; 4.10%, 11/20/2030 | 157000 | 157171 |
| &nbsp;&nbsp; 4.65%, 11/20/2035 | 305000 | 303767 |
| &nbsp;&nbsp; 4.05%, 08/22/2047 | 78000 | 64072 |
| &nbsp;&nbsp; 5.55%, 11/20/2065 | 271000 | 262869 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| &nbsp;&nbsp; 2.25%, 02/01/2032 | 1320000 | 1157648 |
| &nbsp;&nbsp; 2.55%, 12/01/2033 | 280000 | 238972 |
| &nbsp;&nbsp; 5.40%, 02/15/2034 | 51000 | 52880 |
| &nbsp;&nbsp; 4.50%, 05/15/2035 | 115000 | 110466 |
| &nbsp;&nbsp; 4.90%, 08/15/2037 | 159000 | 154571 |
| &nbsp;&nbsp; 4.75%, 05/15/2046 | 407000 | 352639 |
| &nbsp;&nbsp; 3.50%, 09/15/2053 | 630000 | 421611 |
| &nbsp;&nbsp; 5.70%, 11/01/2054 | 180000 | 172650 |
| &nbsp;&nbsp; 6.05%, 08/15/2056 | 107000 | 107629 |
| &nbsp;&nbsp; 3.65%, 09/15/2059 | 28000 | 18465 |
| &nbsp;&nbsp; 3.85%, 06/01/2060 | 62000 | 42536 |
|  Beignet Investor LLC, 6.58%, 05/30/2049 <sup>(a)</sup> | 1423000 | 1503393 |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |
| &nbsp;&nbsp; 6.38%, 10/23/2035 | 57000 | 58827 |
| &nbsp;&nbsp; 3.50%, 06/01/2041 | 92000 | 65439 |
| &nbsp;&nbsp; 3.50%, 03/01/2042 | 430000 | 298309 |
| &nbsp;&nbsp; 5.38%, 05/01/2047 | 400000 | 329498 |
| &nbsp;&nbsp; 4.80%, 03/01/2050 | 503000 | 377853 |
| &nbsp;&nbsp; 6.70%, 12/01/2055 | 62000 | 59445 |
| &nbsp;&nbsp; 3.85%, 04/01/2061 | 58000 | 34563 |
|  Cisco Systems, Inc., 5.10%, 02/24/2035 | 232000 | 238366 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. |
| &nbsp;&nbsp; 1.95%, 01/15/2031 | 90000 | 80224 |
| &nbsp;&nbsp; 4.65%, 02/15/2033 | 2500000 | 2509220 |
| &nbsp;&nbsp; 5.17%, 01/15/2037 <sup>(a)</sup> | 143000 | 140993 |
| &nbsp;&nbsp; 4.60%, 10/15/2038 | 103000 | 95894 |
| &nbsp;&nbsp; 4.00%, 03/01/2048 | 252000 | 189554 |
| &nbsp;&nbsp; 5.50%, 05/15/2064 | 101000 | 90309 |
| Cox Communications, Inc. | Cox Communications, Inc. | Cox Communications, Inc. |
| &nbsp;&nbsp; 2.60%, 06/15/2031 <sup>(a)</sup> | 625000 | 556649 |
| &nbsp;&nbsp; 5.45%, 09/01/2034 <sup>(a)</sup> | 1320000 | 1298824 |
| &nbsp;&nbsp; 5.95%, 09/01/2054 <sup>(a)</sup> | 88000 | 77036 |
|  Fox Corp., 5.58%, 01/25/2049 | 114000 | 109641 |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| &nbsp;&nbsp; 4.60%, 11/15/2032 | 590000 | 594743 |
| &nbsp;&nbsp; 4.88%, 11/15/2035 | 765000 | 763975 |
| &nbsp;&nbsp; 5.50%, 11/15/2045 | 89000 | 86421 |
| &nbsp;&nbsp; 5.63%, 11/15/2055 | 180000 | 172759 |
| &nbsp;&nbsp; 5.55%, 08/15/2064 | 59000 | 54728 |
|  Motorola Solutions, Inc., 5.55%, 08/15/2035 | 185000 | 192252 |
| Paramount Global | Paramount Global | Paramount Global |
| &nbsp;&nbsp; 5.85%, 09/01/2043 | 27000 | 22230 |
| &nbsp;&nbsp; 5.25%, 04/01/2044 | 71000 | 53596 |
|  Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 5.15%, 03/20/2028 <sup>(a)</sup> | 225000 | 226926 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| &nbsp;&nbsp; 6.55%, 05/01/2037 | 4000 | 4082 |
| &nbsp;&nbsp; 5.50%, 09/01/2041 | 217000 | 190451 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 3.88%, 04/15/2030 | 150000 | 147506 |
| &nbsp;&nbsp; 3.00%, 02/15/2041 | 1481000 | 1103564 |
| &nbsp;&nbsp; 3.60%, 11/15/2060 | 102000 | 67765 |
|  Uber Technologies, Inc., 4.80%, 09/15/2035 | 250000 | 248680 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| &nbsp;&nbsp; 2.55%, 03/21/2031 | 477000 | 435593 |
| &nbsp;&nbsp; 4.50%, 08/10/2033 | 177000 | 174196 |
| &nbsp;&nbsp; 5.25%, 04/02/2035 | 183000 | 185999 |
| &nbsp;&nbsp; 5.40%, 07/02/2037 <sup>(a)</sup> | 21000 | 21225 |
| &nbsp;&nbsp; 3.40%, 03/22/2041 | 117000 | 91613 |
| &nbsp;&nbsp; 2.85%, 09/03/2041 | 84000 | 60540 |
| &nbsp;&nbsp; 5.75%, 11/30/2045 | 71000 | 70493 |
| &nbsp;&nbsp; 3.88%, 03/01/2052 | 117000 | 86679 |
| &nbsp;&nbsp; 5.88%, 11/30/2055 | 250000 | 247000 |
| &nbsp;&nbsp; 3.00%, 11/20/2060 | 219000 | 127613 |
| &nbsp;&nbsp; 6.00%, 11/30/2065 | 135000 | 133238 |
|  WULF Compute LLC, 7.75%, 10/15/2030 <sup>(a)</sup> | 990000 | 1019946 |
| **Total Communications** | **Total Communications** | **21447856** |
| **CONSUMER, CYCLICAL - 1.1%** | **CONSUMER, CYCLICAL - 1.1%** | **CONSUMER, CYCLICAL - 1.1%** |
|  AutoNation, Inc., 4.45%, 01/15/2029 | 1110000 | 1113054 |
|  AutoZone, Inc., 5.10%, 07/15/2029 | 46000 | 47321 |
|  BMW US Capital LLC, 4.50%, 08/11/2030 <sup>(a)</sup> | 52000 | 52261 |
|  Caesars Entertainment, Inc., 7.00%, 02/15/2030 <sup>(a)</sup> | 150000 | 155348 |
| Daimler Truck Finance North America LLC | Daimler Truck Finance North America LLC | Daimler Truck Finance North America LLC |
| &nbsp;&nbsp; 5.13%, 01/19/2028 <sup>(a)</sup> | 159000 | 162018 |
| &nbsp;&nbsp; 4.65%, 10/12/2030 <sup>(a)</sup> | 150000 | 151061 |
|  Dana, Inc., 5.38%, 11/15/2027 | 75000 | 74876 |
|  Darden Restaurants, Inc., 4.35%, 10/15/2027 | 77000 | 77359 |
|  Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.75%, 10/20/2028 <sup>(a)</sup> | 1950000 | 1961842 |
|  Dick's Sporting Goods, Inc., 4.00%, 10/01/2029 <sup>(a)</sup> | 350000 | 343233 |
|  Ford Motor Co., 4.75%, 01/15/2043 | 156000 | 123541 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 5.85%, 05/17/2027 | 1200000 | 1218230 |
| &nbsp;&nbsp; 5.11%, 05/03/2029 | 1500000 | 1502315 |
| &nbsp;&nbsp; 5.88%, 11/07/2029 | 400000 | 410606 |
| &nbsp;&nbsp; 6.05%, 11/05/2031 | 205000 | 209986 |
| Gap, Inc. | Gap, Inc. | Gap, Inc. |
| &nbsp;&nbsp; 3.63%, 10/01/2029 <sup>(a)</sup> | 50000 | 47373 |
| &nbsp;&nbsp; 3.88%, 10/01/2031 <sup>(a)</sup> | 125000 | 115538 |
| General Motors Co. | General Motors Co. | General Motors Co. |
| &nbsp;&nbsp; 5.35%, 04/15/2028 | 110000 | 112682 |
| &nbsp;&nbsp; 6.60%, 04/01/2036 | 840000 | 914184 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 2.40%, 10/15/2028 | 1155000 | 1101330 |
| &nbsp;&nbsp; 2.70%, 06/10/2031 | 112000 | 101417 |
| &nbsp;&nbsp; 5.60%, 06/18/2031 | 311000 | 324108 |
| &nbsp;&nbsp; 3.10%, 01/12/2032 | 60000 | 54689 |
|  Home Depot, Inc., 4.90%, 04/15/2029 | 90000 | 92595 |
| Hyundai Capital America | Hyundai Capital America | Hyundai Capital America |
| &nbsp;&nbsp; 4.85%, 03/25/2027 <sup>(a)</sup> | 92000 | 92811 |
| &nbsp;&nbsp; 4.88%, 11/01/2027 <sup>(a)</sup> | 184000 | 186411 |
| &nbsp;&nbsp; 4.55%, 09/26/2029 <sup>(a)</sup> | 445000 | 447214 |
| &nbsp;&nbsp; 4.50%, 09/18/2030 <sup>(a)</sup> | 454000 | 454041 |
| &nbsp;&nbsp; 5.40%, 06/23/2032 <sup>(a)</sup> | 111000 | 115072 |
|  Lennar Corp., 5.20%, 07/30/2030 | 73000 | 75049 |
| Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. |
| &nbsp;&nbsp; 2.80%, 09/15/2041 | 1250000 | 898550 |
| &nbsp;&nbsp; 5.75%, 07/01/2053 | 1150000 | 1137912 |
| Marriott International, Inc./MD | Marriott International, Inc./MD | Marriott International, Inc./MD |
| &nbsp;&nbsp; 2.85%, 04/15/2031 | 151000 | 139990 |
| &nbsp;&nbsp; 3.50%, 10/15/2032 | 899000 | 839365 |
| &nbsp;&nbsp; 5.50%, 04/15/2037 | 58000 | 59374 |
|  Mattel, Inc., 5.45%, 11/01/2041 | 200000 | 188056 |
| McDonald's Corp. | McDonald's Corp. | McDonald's Corp. |
| &nbsp;&nbsp; 4.80%, 08/14/2028 | 279000 | 284895 |
| &nbsp;&nbsp; 3.63%, 09/01/2049 | 136000 | 100081 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| &nbsp;&nbsp; 6.38%, 05/15/2030 | 60000 | 58594 |
| &nbsp;&nbsp; 6.63%, 05/15/2032 | 35000 | 33956 |
|  O'Reilly Automotive, Inc., 3.60%, 09/01/2027 | 175000 | 173970 |
| Qnity Electronics, Inc. | Qnity Electronics, Inc. | Qnity Electronics, Inc. |
| &nbsp;&nbsp; 5.75%, 08/15/2032 <sup>(a)</sup> | 35000 | 35786 |
| &nbsp;&nbsp; 6.25%, 08/15/2033 <sup>(a)</sup> | 20000 | 20731 |
|  Ross Stores, Inc., 4.70%, 04/15/2027 | 395000 | 397147 |
|  Southwest Airlines Co., 5.25%, 11/15/2035 | 216000 | 211238 |
|  Taylor Morrison Communities, Inc., 5.13%, 08/01/2030 <sup>(a)</sup> | 100000 | 100603 |
|  Tenneco, Inc., 8.00%, 11/17/2028 <sup>(a)</sup> | 200000 | 200640 |
| United Airlines, Inc. | United Airlines, Inc. | United Airlines, Inc. |
| &nbsp;&nbsp; 4.38%, 04/15/2026 <sup>(a)</sup> | 185000 | 184769 |
| &nbsp;&nbsp; 4.63%, 04/15/2029 <sup>(a)</sup> | 35000 | 34848 |
|  Volkswagen Group of America Finance LLC, 5.05%, 03/27/2028 <sup>(a)</sup> | 380000 | 385728 |
|  Walmart, Inc., 1.80%, 09/22/2031 | 1175000 | 1047045 |
|  Whirlpool Corp., 6.13%, 06/15/2030 | 40000 | 39951 |
|  Wolverine World Wide, Inc., 4.00%, 08/15/2029 <sup>(a)</sup> | 150000 | 138653 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | **18549447** |
| **CONSUMER, NON-CYCLICAL - 3.4%** | **CONSUMER, NON-CYCLICAL - 3.4%** | **CONSUMER, NON-CYCLICAL - 3.4%** |
|  180 Medical, Inc., 3.88%, 10/15/2029 <sup>(a)</sup> | 400000 | 389335 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| &nbsp;&nbsp; 4.95%, 03/15/2031 | 119000 | 123045 |
| &nbsp;&nbsp; 4.55%, 03/15/2035 | 380000 | 374101 |
| &nbsp;&nbsp; 4.05%, 11/21/2039 | 207000 | 184782 |
| &nbsp;&nbsp; 4.75%, 03/15/2045 | 150000 | 136571 |
| &nbsp;&nbsp; 4.25%, 11/21/2049 | 377000 | 310480 |
| Agilent Technologies, Inc. | Agilent Technologies, Inc. | Agilent Technologies, Inc. |
| &nbsp;&nbsp; 2.75%, 09/15/2029 | 178000 | 169915 |
| &nbsp;&nbsp; 2.30%, 03/12/2031 | 272000 | 246063 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| &nbsp;&nbsp; 5.15%, 03/02/2028 | 119000 | 121783 |
| &nbsp;&nbsp; 5.25%, 03/02/2030 | 53000 | 54973 |
| &nbsp;&nbsp; 5.25%, 03/02/2033 | 140000 | 144923 |
| &nbsp;&nbsp; 5.15%, 11/15/2041 | 55000 | 53217 |
| &nbsp;&nbsp; 4.40%, 05/01/2045 | 46000 | 39343 |
| &nbsp;&nbsp; 5.65%, 03/02/2053 | 165000 | 161568 |
| &nbsp;&nbsp; 5.75%, 03/02/2063 | 87000 | 84884 |
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. |
| &nbsp;&nbsp; 4.70%, 02/01/2036 | 120000 | 118781 |
| &nbsp;&nbsp; 4.90%, 02/01/2046 | 235000 | 217349 |
| Ascension Health | Ascension Health | Ascension Health |
| &nbsp;&nbsp; 2.53%, 11/15/2029 | 630000 | 595507 |
| &nbsp;&nbsp; 3.11%, 11/15/2039 | 120000 | 95489 |
| Astrazeneca Finance LLC | Astrazeneca Finance LLC | Astrazeneca Finance LLC |
| &nbsp;&nbsp; 4.88%, 03/03/2028 | 161000 | 164468 |
| &nbsp;&nbsp; 4.85%, 02/26/2029 | 194000 | 199183 |
| &nbsp;&nbsp; 4.90%, 03/03/2030 | 175000 | 180701 |
|  Automatic Data Processing, Inc., 4.45%, 09/09/2034 | 1000000 | 996980 |
| BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. |
| &nbsp;&nbsp; 6.34%, 08/02/2030 | 130000 | 140604 |
| &nbsp;&nbsp; 2.73%, 03/25/2031 | 620000 | 571628 |
| &nbsp;&nbsp; 5.35%, 08/15/2032 | 200000 | 207799 |
| &nbsp;&nbsp; 4.39%, 08/15/2037 | 730000 | 672447 |
|  Baxter International, Inc., 5.65%, 12/15/2035 | 62000 | 62745 |
| Becton Dickinson & Co. | Becton Dickinson & Co. | Becton Dickinson & Co. |
| &nbsp;&nbsp; 4.69%, 02/13/2028 | 155000 | 157050 |
| &nbsp;&nbsp; 4.30%, 08/22/2032 | 70000 | 68876 |
| Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. |
| &nbsp;&nbsp; 5.75%, 02/01/2031 | 173000 | 185042 |
| &nbsp;&nbsp; 3.25%, 08/01/2042 | 64000 | 49156 |
|  Bunge Ltd. Finance Corp., 2.75%, 05/14/2031 | 1450000 | 1331376 |
|  Capital Impact Partners, 5.34%, 08/01/2030 | 1000000 | 1024212 |
| Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. |
| &nbsp;&nbsp; 4.50%, 09/15/2030 | 75000 | 75711 |
| &nbsp;&nbsp; 4.60%, 03/15/2043 | 312000 | 273654 |
| &nbsp;&nbsp; 4.50%, 11/15/2044 | 265000 | 228081 |
| &nbsp;&nbsp; 5.75%, 11/15/2054 | 59000 | 58857 |
|  Cargill, Inc., 4.13%, 10/23/2030 <sup>(a)</sup> | 405000 | 403245 |
| Cencora, Inc. | Cencora, Inc. | Cencora, Inc. |
| &nbsp;&nbsp; 5.13%, 02/15/2034 | 137000 | 140525 |
| &nbsp;&nbsp; 4.30%, 12/15/2047 | 89000 | 74516 |
| Cigna Group (The) | Cigna Group (The) | Cigna Group (The) |
| &nbsp;&nbsp; 4.38%, 10/15/2028 | 76000 | 76691 |
| &nbsp;&nbsp; 2.40%, 03/15/2030 | 374000 | 347106 |
| &nbsp;&nbsp; 2.38%, 03/15/2031 | 218000 | 197308 |
| &nbsp;&nbsp; 3.88%, 10/15/2047 | 66000 | 50806 |
| &nbsp;&nbsp; 3.40%, 03/15/2050 | 259000 | 181109 |
|  CommonSpirit Health, 5.32%, 12/01/2034 | 1030000 | 1049177 |
|  Conagra Brands, Inc., 7.00%, 10/01/2028 | 188000 | 200418 |
|  Conservation Fund A Nonprofit Corp., 3.47%, 12/15/2029 | 1000000 | 959169 |
|  Constellation Brands, Inc., 4.35%, 05/09/2027 | 80000 | 80296 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| &nbsp;&nbsp; 5.55%, 06/01/2031 | 156000 | 163264 |
| &nbsp;&nbsp; 4.78%, 03/25/2038 | 365000 | 344528 |
| &nbsp;&nbsp; 2.70%, 08/21/2040 | 745000 | 531382 |
| &nbsp;&nbsp; 5.13%, 07/20/2045 | 616000 | 556129 |
|  Dcli Bidco LLC, 7.75%, 11/15/2029 <sup>(a)</sup> | 155000 | 159327 |
|  Duke University Health System, Inc., 3.92%, 06/01/2047 | 70000 | 56273 |
| Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
| &nbsp;&nbsp; 6.10%, 10/15/2052 | 19000 | 19586 |
| &nbsp;&nbsp; 5.70%, 09/15/2055 | 63000 | 61721 |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| &nbsp;&nbsp; 3.10%, 05/15/2027 | 52000 | 51552 |
| &nbsp;&nbsp; 4.75%, 02/12/2030 | 102000 | 104885 |
| &nbsp;&nbsp; 4.60%, 08/14/2034 | 106000 | 106307 |
| &nbsp;&nbsp; 5.00%, 02/09/2054 | 335000 | 312935 |
| &nbsp;&nbsp; 5.20%, 08/14/2064 | 125000 | 117619 |
| &nbsp;&nbsp; 5.65%, 10/15/2065 | 62000 | 62472 |
| EMD Finance LLC | EMD Finance LLC | EMD Finance LLC |
| &nbsp;&nbsp; 4.13%, 08/15/2028 <sup>(a)</sup> | 400000 | 400879 |
| &nbsp;&nbsp; 5.00%, 10/15/2035 <sup>(a)</sup> | 150000 | 150763 |
|  Flowers Foods, Inc., 6.20%, 03/15/2055 | 200000 | 187720 |
|  Ford Foundation (The), 2.82%, 06/01/2070 | 1201000 | 677077 |
|  GE HealthCare Technologies, Inc., 5.65%, 11/15/2027 | 200000 | 205887 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| &nbsp;&nbsp; 4.80%, 11/15/2029 | 122000 | 125526 |
| &nbsp;&nbsp; 5.10%, 06/15/2035 | 80000 | 81984 |
|  GlaxoSmithKline Capital, Inc., 4.50%, 04/15/2030 | 106000 | 107737 |
| Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. |
| &nbsp;&nbsp; 5.20%, 11/15/2032 | 100000 | 100047 |
| &nbsp;&nbsp; 5.55%, 11/15/2035 | 175000 | 173938 |
|  Haleon US Capital LLC, 4.00%, 03/24/2052 | 250000 | 196302 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. |
| &nbsp;&nbsp; 3.38%, 03/15/2029 | 66000 | 64299 |
| &nbsp;&nbsp; 3.50%, 09/01/2030 | 151000 | 145210 |
| &nbsp;&nbsp; 5.45%, 04/01/2031 | 102000 | 106457 |
| &nbsp;&nbsp; 5.50%, 03/01/2032 | 112000 | 116712 |
| &nbsp;&nbsp; 7.75%, 07/15/2036 | 150000 | 175763 |
| &nbsp;&nbsp; 3.50%, 07/15/2051 | 173000 | 117260 |
| &nbsp;&nbsp; 4.63%, 03/15/2052 | 192000 | 156799 |
|  Henry J Kaiser Family Foundation/CA, 4.21%, 12/01/2030 | 750000 | 750698 |
| Herc Holdings, Inc. | Herc Holdings, Inc. | Herc Holdings, Inc. |
| &nbsp;&nbsp; 7.00%, 06/15/2030 <sup>(a)</sup> | 80000 | 84194 |
| &nbsp;&nbsp; 5.75%, 03/15/2031 <sup>(a)</sup> | 125000 | 126856 |
| &nbsp;&nbsp; 7.25%, 06/15/2033 <sup>(a)</sup> | 40000 | 42415 |
|  Hershey Co., 4.55%, 02/24/2028 | 84000 | 85320 |
|  Hormel Foods Corp., 4.80%, 03/30/2027 | 137000 | 138472 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. |
| &nbsp;&nbsp; 4.88%, 04/01/2030 | 165000 | 167327 |
| &nbsp;&nbsp; 5.88%, 03/01/2033 | 55000 | 57773 |
|  Kaiser Foundation Hospitals, 2.81%, 06/01/2041 | 2500000 | 1856634 |
|  Kellanova, 7.45%, 04/01/2031 | 226000 | 258571 |
|  Kenvue, Inc., 4.85%, 05/22/2032 | 108000 | 110438 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| &nbsp;&nbsp; 5.20%, 03/15/2032 | 76000 | 78153 |
| &nbsp;&nbsp; 4.38%, 06/01/2046 | 160000 | 132179 |
| &nbsp;&nbsp; 4.88%, 10/01/2049 | 90000 | 77431 |
| Kroger Co. | Kroger Co. | Kroger Co. |
| &nbsp;&nbsp; 5.00%, 09/15/2034 | 68000 | 68376 |
| &nbsp;&nbsp; 3.88%, 10/15/2046 | 42000 | 32631 |
| &nbsp;&nbsp; 5.50%, 09/15/2054 | 128000 | 121895 |
| &nbsp;&nbsp; 5.65%, 09/15/2064 | 221000 | 210812 |
| Lamb Weston Holdings, Inc. | Lamb Weston Holdings, Inc. | Lamb Weston Holdings, Inc. |
| &nbsp;&nbsp; 4.13%, 01/31/2030 <sup>(a)</sup> | 75000 | 72549 |
| &nbsp;&nbsp; 4.38%, 01/31/2032 <sup>(a)</sup> | 225000 | 214352 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 4.65%, 04/20/2031 <sup>(a)</sup> | 2687000 | 2743073 |
| &nbsp;&nbsp; 5.20%, 03/01/2035 <sup>(a)</sup> | 1320000 | 1356735 |
| &nbsp;&nbsp; 5.65%, 05/01/2045 <sup>(a)</sup> | 110000 | 110882 |
| &nbsp;&nbsp; 5.70%, 05/01/2055 <sup>(a)</sup> | 284000 | 282900 |
| Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology |
| &nbsp;&nbsp; 4.68%, 07/01/2114 | 150000 | 124152 |
| &nbsp;&nbsp; 3.89%, 07/01/2116 | 75000 | 51634 |
|  Mather Foundation, 2.68%, 10/01/2031 | 1000000 | 899164 |
|  McKesson Corp., 4.95%, 05/30/2032 | 189000 | 194245 |
|  Medline Borrower LP, 3.88%, 04/01/2029 <sup>(a)</sup> | 175000 | 170854 |
|  Merck & Co., Inc., 5.70%, 12/04/2065 | 63000 | 62324 |
| Mylan, Inc. | Mylan, Inc. | Mylan, Inc. |
| &nbsp;&nbsp; 5.40%, 11/29/2043 | 180000 | 154612 |
| &nbsp;&nbsp; 5.20%, 04/15/2048 | 135000 | 109695 |
|  NBM US Holdings, Inc., 6.63%, 08/06/2029 <sup>(a)</sup> | 800000 | 808800 |
|  Novartis Capital Corp., 4.00%, 09/18/2031 | 99000 | 98491 |
|  Orlando Health Obligated Group, 4.09%, 10/01/2048 | 50000 | 40621 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| &nbsp;&nbsp; 4.45%, 02/07/2028 | 122000 | 123783 |
| &nbsp;&nbsp; 3.60%, 02/18/2028 | 98000 | 97782 |
| &nbsp;&nbsp; 4.65%, 07/23/2032 | 108000 | 110075 |
| &nbsp;&nbsp; 2.88%, 10/15/2049 | 1000000 | 657734 |
|  Pfizer, Inc., 3.88%, 11/15/2027 | 121000 | 121397 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| &nbsp;&nbsp; 5.25%, 09/07/2028 | 575000 | 593649 |
| &nbsp;&nbsp; 5.13%, 02/15/2030 | 1165000 | 1204232 |
| &nbsp;&nbsp; 5.50%, 09/07/2030 | 480000 | 504710 |
| Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. |
| &nbsp;&nbsp; 3.50%, 03/01/2032 | 520000 | 480374 |
| &nbsp;&nbsp; 6.25%, 07/01/2033 | 310000 | 331393 |
| President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College |
| &nbsp;&nbsp; 5.63%, 10/01/2038 | 210000 | 221356 |
| &nbsp;&nbsp; 6.50%, 01/15/2039 <sup>(a)</sup> | 105000 | 120024 |
| Procter & Gamble Co. | Procter & Gamble Co. | Procter & Gamble Co. |
| &nbsp;&nbsp; 1.20%, 10/29/2030 | 1150000 | 1012363 |
| &nbsp;&nbsp; 4.55%, 01/29/2034 | 1000000 | 1015422 |
|  Providence St. Joseph Health Obligated Group, 2.53%, 10/01/2029 | 110000 | 103443 |
| Quanta Services, Inc. | Quanta Services, Inc. | Quanta Services, Inc. |
| &nbsp;&nbsp; 2.90%, 10/01/2030 | 116000 | 108572 |
| &nbsp;&nbsp; 2.35%, 01/15/2032 | 123000 | 108325 |
| &nbsp;&nbsp; 5.25%, 08/09/2034 | 138000 | 141492 |
| &nbsp;&nbsp; 3.05%, 10/01/2041 | 104000 | 77018 |
|  Regeneron Pharmaceuticals, Inc., 2.80%, 09/15/2050 | 600000 | 365925 |
|  RELX Capital, Inc., 5.25%, 03/27/2035 | 115000 | 118691 |
| Roche Holdings, Inc. | Roche Holdings, Inc. | Roche Holdings, Inc. |
| &nbsp;&nbsp; 4.91%, 03/08/2031 <sup>(a)</sup> | 200000 | 206865 |
| &nbsp;&nbsp; 4.37%, 12/02/2032 <sup>(a)</sup> | 200000 | 199228 |
| &nbsp;&nbsp; 5.59%, 11/13/2033 <sup>(a)</sup> | 980000 | 1047727 |
| &nbsp;&nbsp; 4.59%, 09/09/2034 <sup>(a)</sup> | 410000 | 409031 |
|  Rollins, Inc., 5.25%, 02/24/2035 | 380000 | 387701 |
| S&P Global, Inc. | S&P Global, Inc. | S&P Global, Inc. |
| &nbsp;&nbsp; 2.70%, 03/01/2029 | 155000 | 148965 |
| &nbsp;&nbsp; 4.25%, 01/15/2031 <sup>(a)</sup> | 74000 | 73981 |
|  SSM Health Care Corp., 4.89%, 06/01/2028 | 450000 | 457324 |
| Sutter Health | Sutter Health | Sutter Health |
| &nbsp;&nbsp; 5.16%, 08/15/2033 | 409000 | 420623 |
| &nbsp;&nbsp; 4.09%, 08/15/2048 | 125000 | 101702 |
| Sysco Corp. | Sysco Corp. | Sysco Corp. |
| &nbsp;&nbsp; 2.40%, 02/15/2030 | 2500000 | 2326686 |
| &nbsp;&nbsp; 5.10%, 09/23/2030 | 151000 | 155913 |
| &nbsp;&nbsp; 4.50%, 04/01/2046 | 113000 | 97072 |
| &nbsp;&nbsp; 4.45%, 03/15/2048 | 101000 | 85502 |
|  Tenet Healthcare Corp., 4.38%, 01/15/2030 | 200000 | 196235 |
| Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. |
| &nbsp;&nbsp; 5.00%, 01/31/2029 | 91000 | 93677 |
| &nbsp;&nbsp; 4.47%, 10/07/2032 | 107000 | 107341 |
|  Trustees of Boston College, 3.13%, 07/01/2052 | 169000 | 114862 |
|  Trustees of Dartmouth College, 4.27%, 06/01/2030 | 1000000 | 1008800 |
| Trustees of Princeton University (The) | Trustees of Princeton University (The) | Trustees of Princeton University (The) |
| &nbsp;&nbsp; 5.70%, 03/01/2039 | 495000 | 534471 |
| &nbsp;&nbsp; 2.52%, 07/01/2050 | 90000 | 56337 |
| Unilever Capital Corp. | Unilever Capital Corp. | Unilever Capital Corp. |
| &nbsp;&nbsp; 2.13%, 09/06/2029 | 675000 | 634175 |
| &nbsp;&nbsp; 4.63%, 08/12/2034 | 1950000 | 1963648 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| &nbsp;&nbsp; 5.25%, 01/15/2030 | 45000 | 45617 |
| &nbsp;&nbsp; 3.88%, 02/15/2031 | 62000 | 59130 |
| &nbsp;&nbsp; 3.75%, 01/15/2032 | 50000 | 46909 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| &nbsp;&nbsp; 4.90%, 04/15/2031 | 106000 | 108839 |
| &nbsp;&nbsp; 4.50%, 04/15/2033 | 1560000 | 1551063 |
| &nbsp;&nbsp; 5.00%, 04/15/2034 | 470000 | 477583 |
| &nbsp;&nbsp; 5.30%, 06/15/2035 | 75000 | 77653 |
| &nbsp;&nbsp; 4.25%, 06/15/2048 | 192000 | 157118 |
| &nbsp;&nbsp; 4.75%, 05/15/2052 | 695000 | 599382 |
| &nbsp;&nbsp; 4.95%, 05/15/2062 | 64000 | 55409 |
| &nbsp;&nbsp; 5.75%, 07/15/2064 | 275000 | 268485 |
|  University of Chicago (The), 2.76%, 04/01/2045 | 100000 | 79045 |
|  Utah Acquisition Sub, Inc., 5.25%, 06/15/2046 | 140000 | 114988 |
|  Viatris, Inc., 3.85%, 06/22/2040 | 35000 | 26868 |
|  Zoetis, Inc., 2.00%, 05/15/2030 | 675000 | 617539 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | **54595897** |
| **ENERGY - 2.0%** | **ENERGY - 2.0%** | **ENERGY - 2.0%** |
| APA Corp. | APA Corp. | APA Corp. |
| &nbsp;&nbsp; 6.10%, 02/15/2035 | 300000 | 308383 |
| &nbsp;&nbsp; 5.35%, 07/01/2049 | 390000 | 324148 |
|  BP Capital Markets America, Inc., 3.54%, 04/06/2027 | 314000 | 313071 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| &nbsp;&nbsp; 5.95%, 06/30/2033 | 500000 | 530186 |
| &nbsp;&nbsp; 5.55%, 10/30/2035 <sup>(a)</sup> | 85000 | 86902 |
|  Chevron Corp., 2.24%, 05/11/2030 | 259000 | 240185 |
| Civitas Resources, Inc. | Civitas Resources, Inc. | Civitas Resources, Inc. |
| &nbsp;&nbsp; 8.63%, 11/01/2030 <sup>(a)</sup> | 25000 | 26202 |
| &nbsp;&nbsp; 8.75%, 07/01/2031 <sup>(a)</sup> | 145000 | 150423 |
|  Colonial Enterprises, Inc., 3.25%, 05/15/2030 <sup>(a)</sup> | 510000 | 478900 |
|  Columbia Pipelines Operating Co. LLC, 5.93%, 08/15/2030 <sup>(a)</sup> | 215000 | 227439 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| &nbsp;&nbsp; 5.05%, 09/15/2033 | 750000 | 771568 |
| &nbsp;&nbsp; 5.30%, 05/15/2053 | 950000 | 884972 |
|  Continental Wind LLC, 6.00%, 02/28/2033 <sup>(a)</sup> | 846145 | 866336 |
| DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP |
| &nbsp;&nbsp; 5.13%, 05/15/2029 | 320000 | 327325 |
| &nbsp;&nbsp; 6.75%, 09/15/2037 <sup>(a)</sup> | 550000 | 598009 |
| Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
| &nbsp;&nbsp; 3.50%, 12/01/2029 | 93000 | 90217 |
| &nbsp;&nbsp; 6.25%, 03/15/2033 | 1395000 | 1503052 |
| &nbsp;&nbsp; 5.55%, 04/01/2035 | 975000 | 1002136 |
| &nbsp;&nbsp; 4.40%, 03/24/2051 | 117000 | 93775 |
| &nbsp;&nbsp; 6.25%, 03/15/2053 | 53000 | 53506 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 6.50% to 11/15/2026 then 5 yr. CMT Rate + 5.69%, Perpetual | 500000 | 502202 |
| &nbsp;&nbsp; 4.95%, 05/15/2028 | 197000 | 200184 |
| &nbsp;&nbsp; 4.95%, 06/15/2028 | 115000 | 116901 |
| &nbsp;&nbsp; 7.38%, 02/01/2031 <sup>(a)</sup> | 600000 | 623377 |
| &nbsp;&nbsp; 6.55%, 12/01/2033 | 760000 | 832980 |
| &nbsp;&nbsp; 5.15%, 02/01/2043 | 135000 | 121502 |
| &nbsp;&nbsp; 5.30%, 04/15/2047 | 110000 | 97611 |
| &nbsp;&nbsp; 5.40%, 10/01/2047 | 264000 | 237242 |
| &nbsp;&nbsp; 5.00%, 05/15/2050 | 850000 | 711151 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| &nbsp;&nbsp; 4.60%, 01/15/2031 | 400000 | 404915 |
| &nbsp;&nbsp; 4.85%, 08/15/2042 | 200000 | 185151 |
| &nbsp;&nbsp; 3.70%, 01/31/2051 | 47000 | 34465 |
|  EOG Resources, Inc., 4.40%, 01/15/2031 | 154000 | 154599 |
|  Expand Energy Corp., 4.75%, 02/01/2032 | 274000 | 270303 |
|  Florida Gas Transmission Co. LLC, 2.30%, 10/01/2031 <sup>(a)</sup> | 355000 | 314677 |
|  Gray Oak Pipeline LLC, 3.45%, 10/15/2027 <sup>(a)</sup> | 192000 | 189757 |
|  Hess Corp., 4.30%, 04/01/2027 | 400000 | 401692 |
|  HF Sinclair Corp., 5.00%, 02/01/2028 | 100000 | 100018 |
| Hilcorp Energy I LP / Hilcorp Finance Co. | Hilcorp Energy I LP / Hilcorp Finance Co. | Hilcorp Energy I LP / Hilcorp Finance Co. |
| &nbsp;&nbsp; 6.00%, 04/15/2030 <sup>(a)</sup> | 125000 | 121463 |
| &nbsp;&nbsp; 6.25%, 04/15/2032 <sup>(a)</sup> | 100000 | 94138 |
|  Kinder Morgan Energy Partners LP, 5.50%, 03/01/2044 | 102000 | 97715 |
| MPLX LP | MPLX LP | MPLX LP |
| &nbsp;&nbsp; 1.75%, 03/01/2026 | 1655000 | 1648473 |
| &nbsp;&nbsp; 4.80%, 02/15/2031 | 180000 | 181890 |
| &nbsp;&nbsp; 5.40%, 09/15/2035 | 720000 | 725357 |
| &nbsp;&nbsp; 4.70%, 04/15/2048 | 245000 | 203625 |
| &nbsp;&nbsp; 5.95%, 04/01/2055 | 200000 | 192906 |
|  Murray Energy Corp., 12.00%, 04/15/2024 <sup>(a)(b)</sup> | 180991 | 0 |
|  Northwest Pipeline LLC, 4.00%, 04/01/2027 | 1655000 | 1653845 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| &nbsp;&nbsp; 6.13%, 01/01/2031 | 146000 | 154311 |
| &nbsp;&nbsp; 6.45%, 09/15/2036 | 170000 | 181173 |
| &nbsp;&nbsp; 6.20%, 03/15/2040 | 380000 | 385873 |
| &nbsp;&nbsp; 4.40%, 04/15/2046 | 192000 | 151646 |
| &nbsp;&nbsp; 6.05%, 10/01/2054 | 675000 | 645606 |
|  ONEOK Partners LP, 6.65%, 10/01/2036 | 124000 | 134955 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| &nbsp;&nbsp; 3.10%, 03/15/2030 | 610000 | 580011 |
| &nbsp;&nbsp; 4.75%, 10/15/2031 | 203000 | 204079 |
| &nbsp;&nbsp; 5.20%, 07/15/2048 | 300000 | 270296 |
| Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. |
| &nbsp;&nbsp; 7.38%, 11/01/2031 | 231000 | 257640 |
| &nbsp;&nbsp; 6.25%, 07/15/2033 | 220000 | 233358 |
|  Pioneer Natural Resources Co., 7.20%, 01/15/2028 | 400000 | 424354 |
| Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. |
| &nbsp;&nbsp; 5.60%, 01/15/2036 | 61000 | 61706 |
| &nbsp;&nbsp; 4.30%, 01/31/2043 | 450000 | 367266 |
|  Repsol E&P Capital Markets US LLC, 5.98%, 09/16/2035 <sup>(a)</sup> | 350000 | 356958 |
|  Sabine Pass Liquefaction LLC, 5.90%, 09/15/2037 | 65150 | 68442 |
|  Shell Finance US, Inc., 4.13%, 11/06/2030 | 81000 | 80989 |
|  Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 12/31/2030 <sup>(a)</sup> | 175000 | 176415 |
| Targa Resources Corp. | Targa Resources Corp. | Targa Resources Corp. |
| &nbsp;&nbsp; 6.50%, 03/30/2034 | 860000 | 938593 |
| &nbsp;&nbsp; 5.50%, 02/15/2035 | 150000 | 153653 |
| &nbsp;&nbsp; 5.40%, 07/30/2036 | 55000 | 55063 |
|  Targa Resources Partners LP / Targa Resources Partners Finance Corp., 4.88%, 02/01/2031 | 380000 | 382323 |
| Topaz Solar Farms LLC | Topaz Solar Farms LLC | Topaz Solar Farms LLC |
| &nbsp;&nbsp; 4.88%, 09/30/2039 <sup>(a)</sup> | 263174 | 234554 |
| &nbsp;&nbsp; 5.75%, 09/30/2039 <sup>(a)</sup> | 828978 | 833910 |
| Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC |
| &nbsp;&nbsp; 3.95%, 05/15/2050 | 230000 | 176610 |
| &nbsp;&nbsp; 5.75%, 03/15/2056 <sup>(a)</sup> | 71000 | 70252 |
|  Valero Energy Partners LP, 4.50%, 03/15/2028 | 350000 | 352380 |
| Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC | Venture Global Calcasieu Pass LLC |
| &nbsp;&nbsp; 3.88%, 08/15/2029 <sup>(a)</sup> | 25000 | 23436 |
| &nbsp;&nbsp; 6.25%, 01/15/2030 <sup>(a)</sup> | 400000 | 404966 |
| &nbsp;&nbsp; 4.13%, 08/15/2031 <sup>(a)</sup> | 25000 | 22749 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| &nbsp;&nbsp; 4.05%, 02/01/2030 <sup>(c)</sup> | 1210000 | 1185413 |
| &nbsp;&nbsp; 5.50%, 12/15/2035 | 877000 | 872336 |
| &nbsp;&nbsp; 5.30%, 03/01/2048 | 56000 | 48285 |
| Williams Cos., Inc. | Williams Cos., Inc. | Williams Cos., Inc. |
| &nbsp;&nbsp; 4.63%, 06/30/2030 | 119000 | 120165 |
| &nbsp;&nbsp; 3.50%, 11/15/2030 | 1220000 | 1170329 |
| &nbsp;&nbsp; 5.75%, 06/24/2044 | 262000 | 260330 |
| &nbsp;&nbsp; 4.90%, 01/15/2045 | 200000 | 178987 |
| **Total Energy** | **Total Energy** | **31514286** |
| **FINANCIAL - 8.0%** | **FINANCIAL - 8.0%** | **FINANCIAL - 8.0%** |
|  200 Park Funding Trust, 5.74%, 02/15/2055 <sup>(a)</sup> | 2425000 | 2412072 |
|  Alexandria Real Estate Equities, Inc., 4.75%, 04/15/2035 | 135000 | 129932 |
|  Ally Financial, Inc., 5.54% to 01/17/2030 then SOFR + 1.73%, 01/17/2031 | 210000 | 214869 |
| American Express Co. | American Express Co. | American Express Co. |
| &nbsp;&nbsp; 5.10% to 02/16/2027 then SOFR + 1.00%, 02/16/2028 | 316000 | 319670 |
| &nbsp;&nbsp; 5.09% to 01/30/2030 then SOFR + 1.02%, 01/30/2031 | 103000 | 106168 |
| &nbsp;&nbsp; 4.92% to 07/20/2032 then SOFR + 1.22%, 07/20/2033 | 73000 | 74292 |
| &nbsp;&nbsp; 5.67% to 04/25/2035 then SOFR + 1.79%, 04/25/2036 | 86000 | 90804 |
| American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP |
| &nbsp;&nbsp; 4.95%, 06/15/2030 | 190000 | 193802 |
| &nbsp;&nbsp; 5.50%, 02/01/2034 | 1750000 | 1807039 |
| American Tower Corp. | American Tower Corp. | American Tower Corp. |
| &nbsp;&nbsp; 5.20%, 02/15/2029 | 240000 | 246998 |
| &nbsp;&nbsp; 2.30%, 09/15/2031 | 156000 | 138559 |
| &nbsp;&nbsp; 4.70%, 12/15/2032 | 50000 | 50011 |
|  American Tower Trust #1, 5.49%, 03/15/2028 <sup>(a)</sup> | 1815000 | 1845394 |
|  Americold Realty Operating Partnership LP, 5.60%, 05/15/2032 | 350000 | 352367 |
| Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. |
| &nbsp;&nbsp; 5.30%, 03/01/2031 | 191000 | 199120 |
| &nbsp;&nbsp; 5.75%, 03/01/2054 | 17000 | 16914 |
| Arthur J Gallagher & Co. | Arthur J Gallagher & Co. | Arthur J Gallagher & Co. |
| &nbsp;&nbsp; 4.85%, 12/15/2029 | 300000 | 306982 |
| &nbsp;&nbsp; 5.75%, 03/02/2053 | 16000 | 15696 |
| Assurant, Inc. | Assurant, Inc. | Assurant, Inc. |
| &nbsp;&nbsp; 2.65%, 01/15/2032 | 420000 | 371879 |
| &nbsp;&nbsp; 5.55%, 02/15/2036 | 138000 | 140215 |
|  Athene Global Funding, 5.32%, 11/13/2031 <sup>(a)</sup> | 509000 | 516038 |
|  Athene Holding Ltd., 3.45%, 05/15/2052 | 54000 | 34144 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 4.45%, 03/03/2026 | 1525000 | 1526099 |
| &nbsp;&nbsp; 3.82% to 01/20/2027 then 3 mo. Term SOFR + 1.84%, 01/20/2028 | 1367000 | 1363722 |
| &nbsp;&nbsp; 3.42% to 12/20/2027 then 3 mo. Term SOFR + 1.30%, 12/20/2028 | 544000 | 537158 |
| &nbsp;&nbsp; 3.19% to 07/23/2029 then 3 mo. Term SOFR + 1.44%, 07/23/2030 | 445000 | 429816 |
| &nbsp;&nbsp; 5.16% to 01/24/2030 then SOFR + 1.00%, 01/24/2031 | 221000 | 228150 |
| &nbsp;&nbsp; 2.65% to 03/11/2031 then SOFR + 1.22%, 03/11/2032 | 1675000 | 1538638 |
| &nbsp;&nbsp; 2.30% to 07/21/2031 then SOFR + 1.22%, 07/21/2032 | 555000 | 496258 |
| &nbsp;&nbsp; 4.57% to 04/27/2032 then SOFR + 1.83%, 04/27/2033 | 82000 | 81799 |
| &nbsp;&nbsp; 5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034 | 745000 | 767012 |
| &nbsp;&nbsp; 5.43% to 08/15/2034 then SOFR + 1.91%, 08/15/2035 | 101000 | 103295 |
| &nbsp;&nbsp; 5.52% to 10/25/2034 then SOFR + 1.74%, 10/25/2035 | 345000 | 353357 |
| &nbsp;&nbsp; 5.74% to 02/12/2035 then SOFR + 1.70%, 02/12/2036 | 55000 | 57310 |
| &nbsp;&nbsp; 3.85% to 03/08/2032 then 5 yr. CMT Rate + 2.00%, 03/08/2037 | 432000 | 406830 |
| &nbsp;&nbsp; 4.08% to 04/23/2039 then 3 mo. Term SOFR + 1.58%, 04/23/2040 | 83000 | 74108 |
| &nbsp;&nbsp; 3.31% to 04/22/2041 then SOFR + 1.58%, 04/22/2042 | 111000 | 87568 |
|  Bank of New York Mellon Corp., 4.94% to 02/11/2030 then SOFR + 0.89%, 02/11/2031 | 177000 | 182008 |
|  BankUnited, Inc., 5.13%, 06/11/2030 | 292000 | 293419 |
|  Blackstone Secured Lending Fund, 2.85%, 09/30/2028 | 1300000 | 1229564 |
|  Blue Owl Credit Income Corp., 7.75%, 09/16/2027 | 1375000 | 1429641 |
| Bridge Housing Corp. | Bridge Housing Corp. | Bridge Housing Corp. |
| &nbsp;&nbsp; 3.25%, 07/15/2030 | 500000 | 470585 |
| &nbsp;&nbsp; 5.32%, 07/15/2035 | 600000 | 599657 |
|  Brixmor Operating Partnership LP, 4.05%, 07/01/2030 | 625000 | 616169 |
|  Broadstone Net Lease LLC, 2.60%, 09/15/2031 | 515000 | 455735 |
|  Cantor Fitzgerald LP, 4.50%, 04/14/2027 <sup>(a)</sup> | 1225000 | 1223139 |
|  Capital One Financial Corp., 7.62% to 10/30/2030 then SOFR + 3.07%, 10/30/2031 | 260000 | 293838 |
|  CBRE Services, Inc., 4.90%, 01/15/2033 | 445000 | 447138 |
|  Chubb INA Holdings LLC, 4.65%, 08/15/2029 | 210000 | 214639 |
|  Citibank NA, 4.91%, 05/29/2030 | 252000 | 259235 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| &nbsp;&nbsp; 1.12% to 01/28/2026 then SOFR + 0.77%, 01/28/2027 | 820000 | 818127 |
| &nbsp;&nbsp; 4.45%, 09/29/2027 | 1569000 | 1579093 |
| &nbsp;&nbsp; 3.98% to 03/20/2029 then 3 mo. Term SOFR + 1.60%, 03/20/2030 | 610000 | 604470 |
| &nbsp;&nbsp; 4.54% to 09/19/2029 then SOFR + 1.34%, 09/19/2030 | 306000 | 308433 |
| &nbsp;&nbsp; 2.98% to 11/05/2029 then SOFR + 1.42%, 11/05/2030 | 160000 | 152380 |
| &nbsp;&nbsp; 2.56% to 05/01/2031 then SOFR + 1.17%, 05/01/2032 | 300000 | 272258 |
| &nbsp;&nbsp; 3.06% to 01/25/2032 then SOFR + 1.35%, 01/25/2033 | 1880000 | 1722201 |
| &nbsp;&nbsp; 5.88%, 02/22/2033 | 278000 | 296981 |
| &nbsp;&nbsp; 6.00%, 10/31/2033 | 243000 | 261314 |
| &nbsp;&nbsp; 5.17% to 09/11/2035 then SOFR + 1.49%, 09/11/2036 | 104000 | 104972 |
| &nbsp;&nbsp; 5.41% to 09/19/2034 then 5 yr. CMT Rate + 1.73%, 09/19/2039 | 271000 | 272711 |
| &nbsp;&nbsp; 2.90% to 11/03/2041 then SOFR + 1.38%, 11/03/2042 | 58000 | 42873 |
| Citizens Financial Group, Inc. | Citizens Financial Group, Inc. | Citizens Financial Group, Inc. |
| &nbsp;&nbsp; 5.72% to 07/23/2031 then SOFR + 1.91%, 07/23/2032 | 384000 | 402589 |
| &nbsp;&nbsp; 6.65% to 04/25/2034 then SOFR + 2.33%, 04/25/2035 | 200000 | 219914 |
|  Comerica, Inc., 5.98% to 01/30/2029 then SOFR + 2.16%, 01/30/2030 | 701000 | 731296 |
|  Community Preservation Corp., 2.87%, 02/01/2030 | 1000000 | 934396 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| &nbsp;&nbsp; 5.00%, 01/11/2028 | 108000 | 109688 |
| &nbsp;&nbsp; 5.60%, 06/01/2029 | 92000 | 95464 |
|  Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin, 5.95%, 09/17/2030 <sup>(a)</sup> | 665000 | 634303 |
|  Equitable America Global Funding, 4.30%, 12/15/2028 <sup>(a)</sup> | 101000 | 101409 |
|  Everest Reinsurance Holdings, Inc., 3.13%, 10/15/2052 | 590000 | 373893 |
|  F&G Global Funding, 2.00%, 09/20/2028 <sup>(a)</sup> | 400000 | 374719 |
|  Fidus Investment Corp., 6.75%, 03/19/2030 | 680000 | 671713 |
|  First Citizens BancShares, Inc./NC, 5.60% to 09/05/2030 then 5 yr. CMT Rate + 1.85%, 09/05/2035 | 195000 | 194661 |
|  First Horizon Corp., 5.51% to 03/07/2030 then SOFR + 1.77%, 03/07/2031 | 113000 | 116729 |
|  FNB Corp./PA, 5.72% to 12/11/2029 then SOFR + 1.93%, 12/11/2030 | 259000 | 264318 |
|  Fortitude Global Funding, 4.63%, 10/06/2028 <sup>(a)</sup> | 380000 | 380075 |
|  Franklin BSP Capital Corp., 6.00%, 10/02/2030 <sup>(a)</sup> | 930000 | 921440 |
|  GA Global Funding Trust, 4.50%, 09/18/2030 <sup>(a)</sup> | 400000 | 395222 |
|  GCM Grosvenor Diversified Alternatives Issuer LLC, 6.00%, 11/15/2031 <sup>(a)</sup> | 940000 | 768234 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 1.54% to 09/10/2026 then SOFR + 0.82%, 09/10/2027 | 99000 | 97265 |
| &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 | 925000 | 919575 |
| &nbsp;&nbsp; 4.22% to 05/01/2028 then 3 mo. Term SOFR + 1.56%, 05/01/2029 | 1216000 | 1218530 |
| &nbsp;&nbsp; 4.69% to 10/23/2029 then SOFR + 1.14%, 10/23/2030 | 69000 | 69941 |
| &nbsp;&nbsp; 5.21% to 01/28/2030 then SOFR + 1.08%, 01/28/2031 | 965000 | 996503 |
| &nbsp;&nbsp; 4.37% to 10/21/2030 then SOFR + 1.06%, 10/21/2031 | 107000 | 106745 |
| &nbsp;&nbsp; 2.62% to 04/22/2031 then SOFR + 1.28%, 04/22/2032 | 770000 | 702096 |
| &nbsp;&nbsp; 2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 | 142000 | 127177 |
| &nbsp;&nbsp; 6.75%, 10/01/2037 | 531000 | 592796 |
| &nbsp;&nbsp; 3.21% to 04/22/2041 then SOFR + 1.51%, 04/22/2042 | 156000 | 120539 |
| &nbsp;&nbsp; 5.73% to 01/28/2055 then SOFR + 1.70%, 01/28/2056 | 87000 | 87930 |
|  Goodman US Finance Six LLC, 5.13%, 10/07/2034 <sup>(a)</sup> | 58000 | 58235 |
| HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. |
| &nbsp;&nbsp; 6.15%, 01/15/2031 | 1250000 | 1284885 |
| &nbsp;&nbsp; 6.38%, 07/01/2034 | 2000000 | 2037628 |
| &nbsp;&nbsp; 6.75%, 07/15/2035 | 1025000 | 1070852 |
| &nbsp;&nbsp; 8.00% to 06/01/2031 then 5 yr. CMT Rate + 4.30%, 06/01/2056 | 650000 | 679289 |
|  HAT Holdings I LLC / HAT Holdings II LLC, 3.75%, 09/15/2030 <sup>(a)</sup> | 1000000 | 925547 |
|  HNA 2015 LLC, 2.37%, 09/18/2027 | 99273 | 96945 |
|  Huntington Bancshares, Inc./OH, 6.21% to 08/21/2028 then SOFR + 2.02%, 08/21/2029 | 145000 | 152077 |
|  Intercontinental Exchange, Inc., 4.95%, 06/15/2052 | 105000 | 96522 |
|  Jackson National Life Global Funding, 5.55%, 07/02/2027 <sup>(a)</sup> | 500000 | 510309 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 6.07% (SOFR + 1.33%), 10/22/2027 | 2500000 | 2539305 |
| &nbsp;&nbsp; 3.78% to 02/01/2027 then 3 mo. Term SOFR + 1.60%, 02/01/2028 | 300000 | 299331 |
| &nbsp;&nbsp; 5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 | 1875000 | 1912299 |
| &nbsp;&nbsp; 3.54% to 05/01/2027 then 3 mo. Term SOFR + 1.64%, 05/01/2028 | 182000 | 180974 |
| &nbsp;&nbsp; 4.01% to 04/23/2028 then 3 mo. Term SOFR + 1.38%, 04/23/2029 | 1240000 | 1238805 |
| &nbsp;&nbsp; 2.07% to 06/01/2028 then SOFR + 1.02%, 06/01/2029 | 830000 | 792572 |
| &nbsp;&nbsp; 6.88% to 06/01/2029 then 5 yr. CMT Rate + 2.74%, Perpetual | 1250000 | 1325645 |
| &nbsp;&nbsp; 5.00% to 07/22/2029 then SOFR + 1.13%, 07/22/2030 | 2000000 | 2053273 |
| &nbsp;&nbsp; 2.74% to 10/15/2029 then 3 mo. Term SOFR + 1.51%, 10/15/2030 | 2250000 | 2134454 |
| &nbsp;&nbsp; 2.58% to 04/22/2031 then 3 mo. Term SOFR + 1.25%, 04/22/2032 | 405000 | 370191 |
| &nbsp;&nbsp; 2.55% to 11/08/2031 then SOFR + 1.18%, 11/08/2032 | 667000 | 601899 |
| &nbsp;&nbsp; 4.91% to 07/25/2032 then SOFR + 2.08%, 07/25/2033 | 86000 | 87609 |
| &nbsp;&nbsp; 5.77% to 04/22/2034 then SOFR + 1.49%, 04/22/2035 | 800000 | 852474 |
| &nbsp;&nbsp; 5.58% to 07/23/2035 then SOFR + 1.64%, 07/23/2036 | 2156000 | 2230272 |
| &nbsp;&nbsp; 2.53% to 11/19/2040 then 3 mo. Term SOFR + 1.51%, 11/19/2041 | 686000 | 493482 |
| &nbsp;&nbsp; 5.53% to 11/29/2044 then SOFR + 1.55%, 11/29/2045 | 54000 | 54823 |
|  KeyBank NA/Cleveland OH, 4.90%, 08/08/2032 | 250000 | 249479 |
| KeyCorp | KeyCorp | KeyCorp |
| &nbsp;&nbsp; 5.12% to 04/04/2030 then SOFR + 1.23%, 04/04/2031 | 140000 | 143782 |
| &nbsp;&nbsp; 6.40% to 03/06/2034 then SOFR + 2.42%, 03/06/2035 | 185000 | 200946 |
| Kimco Realty OP LLC | Kimco Realty OP LLC | Kimco Realty OP LLC |
| &nbsp;&nbsp; 2.25%, 12/01/2031 | 1100000 | 975695 |
| &nbsp;&nbsp; 4.60%, 02/01/2033 | 135000 | 134909 |
| Liberty Mutual Group, Inc. | Liberty Mutual Group, Inc. | Liberty Mutual Group, Inc. |
| &nbsp;&nbsp; 4.57%, 02/01/2029 <sup>(a)</sup> | 700000 | 703201 |
| &nbsp;&nbsp; 3.95%, 10/15/2050 <sup>(a)</sup> | 120000 | 88738 |
| &nbsp;&nbsp; 3.95%, 05/15/2060 <sup>(a)</sup> | 85000 | 58896 |
|  Lincoln Financial Global Funding, 4.63%, 08/18/2030 <sup>(a)</sup> | 380000 | 382263 |
|  Low Income Investment Fund, 3.39%, 07/01/2026 | 1000000 | 994162 |
|  Lseg US Fin Corp., 5.30%, 03/28/2034 <sup>(a)</sup> | 590000 | 609524 |
|  M&T Bank Corp., 5.40% to 07/30/2030 then 5 yr. CMT Rate + 1.43%, 07/30/2035 | 100000 | 100986 |
|  Marsh & McLennan Cos., Inc., 4.55%, 11/08/2027 | 111000 | 112308 |
| Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. |
| &nbsp;&nbsp; 1.90%, 03/15/2031 | 1000000 | 897153 |
| &nbsp;&nbsp; 4.35%, 01/15/2032 | 148000 | 148735 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 3.95%, 04/23/2027 | 950000 | 949327 |
| &nbsp;&nbsp; 3.59%, 07/22/2028 <sup>(d)</sup> | 420000 | 417126 |
| &nbsp;&nbsp; 3.77% to 01/24/2028 then 3 mo. Term SOFR + 1.40%, 01/24/2029 | 1155000 | 1148476 |
| &nbsp;&nbsp; 5.17% to 01/16/2029 then SOFR + 1.45%, 01/16/2030 | 323000 | 331581 |
| &nbsp;&nbsp; 4.43% to 01/23/2029 then 3 mo. Term SOFR + 1.89%, 01/23/2030 | 440000 | 442438 |
| &nbsp;&nbsp; 4.65% to 10/18/2029 then SOFR + 1.10%, 10/18/2030 | 51000 | 51617 |
| &nbsp;&nbsp; 3.62% to 04/01/2030 then SOFR + 3.12%, 04/01/2031 | 55000 | 53439 |
| &nbsp;&nbsp; 2.24% to 07/21/2031 then SOFR + 1.18%, 07/21/2032 | 210000 | 186603 |
| &nbsp;&nbsp; 2.94% to 01/21/2032 then SOFR + 1.29%, 01/21/2033 | 2450000 | 2236098 |
| &nbsp;&nbsp; 5.32% to 07/19/2034 then SOFR + 1.56%, 07/19/2035 | 84000 | 86470 |
| &nbsp;&nbsp; 2.48% to 09/16/2031 then SOFR + 1.36%, 09/16/2036 | 143000 | 125742 |
| &nbsp;&nbsp; 5.30% to 04/20/2032 then SOFR + 2.62%, 04/20/2037 | 200000 | 203440 |
| &nbsp;&nbsp; 5.94% to 02/07/2034 then 5 yr. CMT Rate + 1.80%, 02/07/2039 | 231000 | 242774 |
| &nbsp;&nbsp; 3.22% to 04/22/2041 then SOFR + 1.49%, 04/22/2042 | 156000 | 122227 |
|  Morgan Stanley Direct Lending Fund, 4.50%, 02/11/2027 | 1310000 | 1308251 |
| Morgan Stanley Private Bank NA | Morgan Stanley Private Bank NA | Morgan Stanley Private Bank NA |
| &nbsp;&nbsp; 4.73% to 07/18/2030 then SOFR + 1.08%, 07/18/2031 | 1505000 | 1525615 |
| &nbsp;&nbsp; 4.47% to 11/19/2030 then SOFR + 1.02%, 11/19/2031 | 2525000 | 2531610 |
| MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. |
| &nbsp;&nbsp; 5.00%, 10/15/2027 | 150000 | 144807 |
| &nbsp;&nbsp; 3.50%, 03/15/2031 | 200000 | 145418 |
|  National Community Renaissance of California, 3.27%, 12/01/2032 | 1000000 | 882850 |
| National Health Investors, Inc. | National Health Investors, Inc. | National Health Investors, Inc. |
| &nbsp;&nbsp; 3.00%, 02/01/2031 | 118000 | 107110 |
| &nbsp;&nbsp; 5.35%, 02/01/2033 | 32000 | 31955 |
| New York Life Global Funding | New York Life Global Funding | New York Life Global Funding |
| &nbsp;&nbsp; 4.85%, 01/09/2028 <sup>(a)</sup> | 77000 | 78393 |
| &nbsp;&nbsp; 4.55%, 01/28/2033 <sup>(a)</sup> | 1000000 | 996869 |
|  Northern Trust Corp., 5.12% to 11/19/2035 then 5 yr. CMT Rate + 1.05%, 11/19/2040 | 400000 | 399450 |
|  Northwestern Mutual Global Funding, 4.35%, 09/15/2027 <sup>(a)</sup> | 103000 | 103778 |
|  Northwestern Mutual Life Insurance Co., 6.17%, 05/29/2055 <sup>(a)</sup> | 62000 | 65801 |
|  OFS Capital Corp., 4.75%, 02/10/2026 | 164000 | 163549 |
|  Omnis Funding Trust, 6.72%, 05/15/2055 <sup>(a)</sup> | 3375000 | 3509502 |
|  OneMain Finance Corp., 3.88%, 09/15/2028 | 100000 | 97463 |
|  Pacific Life Insurance Co., 5.95%, 09/15/2055 <sup>(a)</sup> | 133000 | 133285 |
|  PennyMac Financial Services, Inc., 4.25%, 02/15/2029 <sup>(a)</sup> | 225000 | 220056 |
|  PNC Bank NA, 4.54% to 05/13/2026 then SOFR + 0.63%, 05/13/2027 | 1125000 | 1126637 |
|  Preservation Of Affordable Housing, Inc., 4.48%, 12/01/2032 | 1000000 | 947580 |
|  Private Export Funding Corp., 4.30%, 12/15/2028 | 1000000 | 1017577 |
|  Protective Life Corp., 4.70%, 01/15/2031 <sup>(a)</sup> | 750000 | 752363 |
|  Prudential Financial, Inc., 5.70% to 09/15/2028 then 3 mo. LIBOR USD + 2.67%, 09/15/2048 <sup>(e)</sup> | 81000 | 81815 |
|  Realty Income Corp., 3.25%, 01/15/2031 | 285000 | 271328 |
| Regions Financial Corp. | Regions Financial Corp. | Regions Financial Corp. |
| &nbsp;&nbsp; 5.72% to 06/06/2029 then SOFR + 1.49%, 06/06/2030 | 119000 | 124061 |
| &nbsp;&nbsp; 5.50% to 09/06/2034 then SOFR + 2.06%, 09/06/2035 | 90000 | 92704 |
| &nbsp;&nbsp; 7.38%, 12/10/2037 | 204000 | 232985 |
|  Reinvestment Fund, Inc., 3.88%, 02/15/2027 | 500000 | 494047 |
|  Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/2026 <sup>(a)</sup> | 425000 | 418801 |
|  Sculptor Alternative Solutions LLC, Series B, 6.00%, 05/15/2029 <sup>(a)</sup> | 1720000 | 1567092 |
|  Securian Financial Group, Inc., 4.80%, 04/15/2048 <sup>(a)</sup> | 250000 | 217197 |
|  Signature Bank, 9.33% (3 mo. AMERIBOR + 3.89%), 10/15/2030 | 150000 | 108000 |
| Starwood Property Trust, Inc. | Starwood Property Trust, Inc. | Starwood Property Trust, Inc. |
| &nbsp;&nbsp; 5.25%, 10/15/2028 <sup>(a)</sup> | 720000 | 725236 |
| &nbsp;&nbsp; 7.25%, 04/01/2029 <sup>(a)</sup> | 1000000 | 1056102 |
| &nbsp;&nbsp; 6.00%, 04/15/2030 <sup>(a)</sup> | 1445000 | 1483151 |
| &nbsp;&nbsp; 6.50%, 10/15/2030 <sup>(a)</sup> | 2105000 | 2194660 |
|  Stellantis Financial Services US Corp., 4.95%, 09/15/2028 <sup>(a)</sup> | 202000 | 204776 |
|  Sun Communities Operating LP, 2.70%, 07/15/2031 | 475000 | 431646 |
| Synchrony Financial | Synchrony Financial | Synchrony Financial |
| &nbsp;&nbsp; 5.15%, 03/19/2029 | 200000 | 202684 |
| &nbsp;&nbsp; 5.45% to 03/06/2030 then SOFR + 1.68%, 03/06/2031 | 63000 | 64594 |
|  Synovus Bank/Columbus GA, 5.96% to 01/15/2031 then 5 yr. CMT Rate + 2.30%, 01/15/2036 | 252000 | 253398 |
|  Teachers Insurance & Annuity Association of America, 3.30%, 05/15/2050 <sup>(a)</sup> | 210000 | 143891 |
|  Thirax 2 LLC, 2.32%, 01/22/2034 | 716689 | 658150 |
| Travelers Cos., Inc. | Travelers Cos., Inc. | Travelers Cos., Inc. |
| &nbsp;&nbsp; 5.05%, 07/24/2035 | 1650000 | 1675790 |
| &nbsp;&nbsp; 5.70%, 07/24/2055 | 1475000 | 1506280 |
|  Truist Bank, 4.14% to 10/23/2028 then SOFR + 0.91%, 10/23/2029 | 745000 | 744432 |
|  Truist Financial Corp., 7.16% to 10/30/2028 then SOFR + 2.45%, 10/30/2029 | 300000 | 323633 |
| Unum Group | Unum Group | Unum Group |
| &nbsp;&nbsp; 5.25%, 12/15/2035 | 75000 | 74437 |
| &nbsp;&nbsp; 6.00%, 06/15/2054 | 130000 | 128372 |
|  US Bancorp, 2.49% to 11/03/2031 then 5 yr. CMT Rate + 0.95%, 11/03/2036 | 195000 | 170190 |
| USAA Capital Corp. | USAA Capital Corp. | USAA Capital Corp. |
| &nbsp;&nbsp; 4.38%, 06/01/2028 <sup>(a)</sup> | 154000 | 155889 |
| &nbsp;&nbsp; 2.13%, 05/01/2030 <sup>(a)</sup> | 2500000 | 2305949 |
|  VICI Properties LP / VICI Note Co., Inc., 5.75%, 02/01/2027 <sup>(a)</sup> | 1100000 | 1112346 |
|  Visa, Inc., 1.90%, 04/15/2027 | 1000000 | 979445 |
|  W R Berkley Corp., 4.00%, 05/12/2050 | 160000 | 122253 |
|  Webster Financial Corp., 5.78% to 09/11/2030 then 5 yr. CMT Rate + 2.13%, 09/11/2035 | 160000 | 159904 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 | 735000 | 750214 |
| &nbsp;&nbsp; 5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029 | 1160000 | 1201617 |
| &nbsp;&nbsp; 4.08% to 09/15/2028 then SOFR + 0.88%, 09/15/2029 | 214000 | 213828 |
| &nbsp;&nbsp; 2.88% to 10/30/2029 then 3 mo. Term SOFR + 1.43%, 10/30/2030 | 50000 | 47565 |
| &nbsp;&nbsp; 2.57% to 02/11/2030 then 3 mo. Term SOFR + 1.26%, 02/11/2031 | 779000 | 727574 |
| &nbsp;&nbsp; 5.39% to 04/24/2033 then SOFR + 2.02%, 04/24/2034 | 435000 | 452588 |
| &nbsp;&nbsp; 6.49% to 10/23/2033 then SOFR + 2.06%, 10/23/2034 | 380000 | 420639 |
| &nbsp;&nbsp; 5.50% to 01/23/2034 then SOFR + 1.78%, 01/23/2035 | 50000 | 52169 |
| &nbsp;&nbsp; 5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035 | 650000 | 663995 |
| &nbsp;&nbsp; 3.07% to 04/30/2040 then SOFR + 2.53%, 04/30/2041 | 843000 | 653823 |
| &nbsp;&nbsp; 5.61%, 01/15/2044 | 100000 | 99080 |
| &nbsp;&nbsp; 4.75%, 12/07/2046 | 46000 | 40418 |
|  Western Alliance Bank, 6.54% to 11/15/2030 then 5 yr. CMT Rate + 2.85%, 11/15/2035 | 172000 | 172377 |
|  Weyerhaeuser Co., 4.00%, 03/09/2052 | 78000 | 60171 |
| Willis North America, Inc. | Willis North America, Inc. | Willis North America, Inc. |
| &nbsp;&nbsp; 4.65%, 06/15/2027 | 214000 | 215663 |
| &nbsp;&nbsp; 4.55%, 03/15/2031 | 105000 | 105131 |
| &nbsp;&nbsp; 5.90%, 03/05/2054 | 103000 | 102816 |
|  Wynnton Funding Trust II, 5.99%, 08/15/2055 <sup>(a)</sup> | 2700000 | 2716484 |
| Zions Bancorp NA | Zions Bancorp NA | Zions Bancorp NA |
| &nbsp;&nbsp; 4.70% to 08/18/2027 then SOFR + 1.16%, 08/18/2028 | 2000000 | 1999997 |
| &nbsp;&nbsp; 6.82% to 11/19/2034 then SOFR + 2.83%, 11/19/2035 | 250000 | 265502 |
| **Total Financial** | **Total Financial** | **128728465** |
| **INDUSTRIAL - 1.3%** | **INDUSTRIAL - 1.3%** | **INDUSTRIAL - 1.3%** |
|  AECOM, 6.00%, 08/01/2033 <sup>(a)</sup> | 30000 | 30746 |
|  AGCO Corp., 5.45%, 03/21/2027 | 364000 | 368910 |
| Allegion US Holding Co., Inc. | Allegion US Holding Co., Inc. | Allegion US Holding Co., Inc. |
| &nbsp;&nbsp; 5.41%, 07/01/2032 | 95000 | 98938 |
| &nbsp;&nbsp; 5.60%, 05/29/2034 | 95000 | 99158 |
| Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. |
| &nbsp;&nbsp; 5.10%, 03/17/2030 | 56000 | 57483 |
| &nbsp;&nbsp; 2.69%, 05/25/2031 | 76000 | 69491 |
| Amphenol Corp. | Amphenol Corp. | Amphenol Corp. |
| &nbsp;&nbsp; 3.90%, 11/15/2028 | 99000 | 98891 |
| &nbsp;&nbsp; 4.13%, 11/15/2030 | 104000 | 103455 |
| &nbsp;&nbsp; 5.30%, 11/15/2055 | 89000 | 85023 |
|  Amrize Finance US LLC, 5.40%, 04/07/2035 | 300000 | 309373 |
|  AptarGroup, Inc., 4.75%, 03/30/2031 | 104000 | 104734 |
| Ball Corp. | Ball Corp. | Ball Corp. |
| &nbsp;&nbsp; 6.00%, 06/15/2029 | 275000 | 282669 |
| &nbsp;&nbsp; 3.13%, 09/15/2031 | 100000 | 92031 |
| &nbsp;&nbsp; 5.50%, 09/15/2033 | 190000 | 193685 |
|  Berry Global, Inc., 1.57%, 01/15/2026 | 1010000 | 1008988 |
| Boeing Co. | Boeing Co. | Boeing Co. |
| &nbsp;&nbsp; 2.75%, 02/01/2026 | 460000 | 459459 |
| &nbsp;&nbsp; 2.20%, 02/04/2026 | 2040000 | 2036117 |
| &nbsp;&nbsp; 5.15%, 05/01/2030 | 114000 | 117136 |
| &nbsp;&nbsp; 3.60%, 05/01/2034 | 149000 | 135373 |
| &nbsp;&nbsp; 5.71%, 05/01/2040 | 1305000 | 1332115 |
| &nbsp;&nbsp; 3.38%, 06/15/2046 | 87000 | 61529 |
| &nbsp;&nbsp; 3.63%, 03/01/2048 | 565000 | 403411 |
| &nbsp;&nbsp; 3.75%, 02/01/2050 | 149000 | 108361 |
| &nbsp;&nbsp; 5.81%, 05/01/2050 | 65000 | 63934 |
| &nbsp;&nbsp; 5.93%, 05/01/2060 | 558000 | 547150 |
| Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC |
| &nbsp;&nbsp; 4.45%, 03/15/2043 | 31000 | 27565 |
| &nbsp;&nbsp; 4.15%, 12/15/2048 | 141000 | 115420 |
| &nbsp;&nbsp; 4.45%, 01/15/2053 | 85000 | 71673 |
| &nbsp;&nbsp; 5.80%, 03/15/2056 | 53000 | 54112 |
| Carlisle Cos., Inc. | Carlisle Cos., Inc. | Carlisle Cos., Inc. |
| &nbsp;&nbsp; 2.20%, 03/01/2032 | 382000 | 333290 |
| &nbsp;&nbsp; 5.55%, 09/15/2040 | 43000 | 43576 |
|  Carrier Global Corp., 3.38%, 04/05/2040 | 213000 | 172101 |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| &nbsp;&nbsp; 4.40%, 03/03/2028 | 94000 | 95016 |
| &nbsp;&nbsp; 4.10%, 08/15/2028 | 117000 | 117759 |
| &nbsp;&nbsp; 3.95%, 11/14/2028 | 235000 | 235552 |
|  CNH Industrial Capital LLC, 4.50%, 10/16/2030 | 115000 | 115004 |
|  CRH America Finance, Inc., 5.60%, 02/09/2056 | 44000 | 43362 |
|  Deere & Co., 5.45%, 01/16/2035 | 87000 | 91749 |
|  Flowserve Corp., 2.80%, 01/15/2032 | 245000 | 219103 |
|  GATX Corp., 3.25%, 09/15/2026 | 122000 | 121361 |
|  GXO Logistics, Inc., 6.25%, 05/06/2029 | 95000 | 100048 |
|  Huntington Ingalls Industries, Inc., 4.20%, 05/01/2030 | 1700000 | 1683815 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| &nbsp;&nbsp; 4.90%, 03/07/2031 | 93000 | 96011 |
| &nbsp;&nbsp; 4.40%, 09/08/2031 | 148000 | 149455 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| &nbsp;&nbsp; 5.25%, 06/01/2031 | 103000 | 107163 |
| &nbsp;&nbsp; 5.40%, 07/31/2033 | 107000 | 111445 |
|  Lockheed Martin Corp., 4.70%, 12/15/2031 | 119000 | 121958 |
|  Martin Marietta Materials, Inc., 2.40%, 07/15/2031 | 93000 | 83912 |
|  MasTec, Inc., 5.90%, 06/15/2029 | 95000 | 98975 |
|  Nature Conservancy (The), 1.51%, 07/01/2029 | 300000 | 273799 |
|  Otis Worldwide Corp., 5.13%, 09/04/2035 | 71000 | 72353 |
|  Owens Corning, 5.50%, 06/15/2027 | 449000 | 458213 |
|  Packaging Corp. of America, 5.70%, 12/01/2033 | 151000 | 159292 |
| Penske Truck Leasing Co. LP / PTL Finance Corp. | Penske Truck Leasing Co. LP / PTL Finance Corp. | Penske Truck Leasing Co. LP / PTL Finance Corp. |
| &nbsp;&nbsp; 3.40%, 11/15/2026 <sup>(a)</sup> | 1450000 | 1440155 |
| &nbsp;&nbsp; 6.05%, 08/01/2028 <sup>(a)</sup> | 133000 | 138570 |
| &nbsp;&nbsp; 5.35%, 03/30/2029 <sup>(a)</sup> | 68000 | 69973 |
| &nbsp;&nbsp; 5.25%, 02/01/2030 <sup>(a)</sup> | 156000 | 160636 |
| &nbsp;&nbsp; 6.20%, 06/15/2030 <sup>(a)</sup> | 98000 | 104622 |
|  Quikrete Holdings, Inc., 6.38%, 03/01/2032 <sup>(a)</sup> | 300000 | 312264 |
|  RTX Corp., 5.38%, 02/27/2053 | 140000 | 134543 |
|  Sealed Air Corp./Sealed Air Corp. US, 6.13%, 02/01/2028 <sup>(a)</sup> | 25000 | 25415 |
| Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. |
| &nbsp;&nbsp; 4.60%, 09/01/2029 | 130000 | 131043 |
| &nbsp;&nbsp; 5.00%, 09/01/2034 | 153000 | 151562 |
| Standard Industries, Inc./NY | Standard Industries, Inc./NY | Standard Industries, Inc./NY |
| &nbsp;&nbsp; 4.75%, 01/15/2028 <sup>(a)</sup> | 125000 | 124663 |
| &nbsp;&nbsp; 4.38%, 07/15/2030 <sup>(a)</sup> | 175000 | 168823 |
|  Stanley Black & Decker, Inc., 6.71% to 03/15/2030 then 5 yr. CMT Rate + 2.66%, 03/15/2060 | 200000 | 200321 |
|  Star Leasing Co. LLC, 7.63%, 02/15/2030 <sup>(a)</sup> | 250000 | 232556 |
|  Textron, Inc., 3.00%, 06/01/2030 | 1900000 | 1797244 |
|  Tote Shipholdings LLC, 3.40%, 10/16/2040 | 812000 | 730233 |
|  Trimble, Inc., 6.10%, 03/15/2033 | 74000 | 79679 |
|  Vontier Corp., 2.95%, 04/01/2031 | 223000 | 204570 |
|  Waste Management, Inc., 4.95%, 07/03/2027 | 149000 | 151513 |
|  Weir Group, Inc., 5.35%, 05/06/2030 <sup>(a)</sup> | 1580000 | 1623644 |
| **Total Industrial** | **Total Industrial** | **21623271** |
| **TECHNOLOGY - 0.8%** | **TECHNOLOGY - 0.8%** | **TECHNOLOGY - 0.8%** |
|  Accenture Capital, Inc., 4.50%, 10/04/2034 | 82000 | 80833 |
|  Adobe, Inc., 4.75%, 01/17/2028 | 111000 | 113200 |
| Apple, Inc. | Apple, Inc. | Apple, Inc. |
| &nbsp;&nbsp; 3.00%, 06/20/2027 | 1000000 | 991447 |
| &nbsp;&nbsp; 1.40%, 08/05/2028 | 291000 | 274949 |
| &nbsp;&nbsp; 4.38%, 05/13/2045 | 110000 | 98062 |
| &nbsp;&nbsp; 2.65%, 05/11/2050 | 220000 | 137530 |
| &nbsp;&nbsp; 2.70%, 08/05/2051 | 88000 | 54772 |
| &nbsp;&nbsp; 2.80%, 02/08/2061 | 10000 | 5868 |
|  Applied Materials, Inc., 4.60%, 01/15/2036 | 87000 | 85671 |
| Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. |
| &nbsp;&nbsp; 4.00%, 07/01/2029 <sup>(a)</sup> | 102000 | 99657 |
| &nbsp;&nbsp; 5.95%, 04/15/2035 | 166000 | 171990 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| &nbsp;&nbsp; 5.05%, 07/12/2029 | 556000 | 572445 |
| &nbsp;&nbsp; 2.45%, 02/15/2031 | 237000 | 216779 |
| &nbsp;&nbsp; 4.90%, 07/15/2032 | 733000 | 748394 |
| &nbsp;&nbsp; 3.42%, 04/15/2033 | 809000 | 748863 |
| &nbsp;&nbsp; 3.14%, 11/15/2035 <sup>(a)</sup> | 194000 | 167070 |
| &nbsp;&nbsp; 3.19%, 11/15/2036 <sup>(a)</sup> | 584000 | 495286 |
|  CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026 | 815000 | 804174 |
| Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. |
| &nbsp;&nbsp; 4.75%, 04/01/2028 | 172000 | 174450 |
| &nbsp;&nbsp; 4.35%, 02/01/2030 | 203000 | 203109 |
| &nbsp;&nbsp; 8.10%, 07/15/2036 | 128000 | 155101 |
| &nbsp;&nbsp; 3.38%, 12/15/2041 | 197000 | 149807 |
|  Fiserv, Inc., 5.60%, 03/02/2033 | 2000000 | 2064356 |
| Foundry JV Holdco LLC | Foundry JV Holdco LLC | Foundry JV Holdco LLC |
| &nbsp;&nbsp; 6.15%, 01/25/2032 <sup>(a)</sup> | 340000 | 360294 |
| &nbsp;&nbsp; 5.88%, 01/25/2034 <sup>(a)</sup> | 200000 | 205389 |
|  Hewlett Packard Enterprise Co., 4.40%, 10/15/2030 | 106000 | 105676 |
| Intel Corp. | Intel Corp. | Intel Corp. |
| &nbsp;&nbsp; 4.15%, 08/05/2032 | 84000 | 80997 |
| &nbsp;&nbsp; 3.73%, 12/08/2047 | 195000 | 138761 |
| &nbsp;&nbsp; 5.70%, 02/10/2053 | 86000 | 80062 |
|  Kyndryl Holdings, Inc., 3.15%, 10/15/2031 | 106000 | 96750 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 4.45%, 09/26/2030 | 101000 | 98812 |
| &nbsp;&nbsp; 6.25%, 11/09/2032 | 2120000 | 2209910 |
| &nbsp;&nbsp; 5.50%, 08/03/2035 | 95000 | 93089 |
| &nbsp;&nbsp; 5.20%, 09/26/2035 | 400000 | 383232 |
| &nbsp;&nbsp; 3.80%, 11/15/2037 | 251000 | 202643 |
| &nbsp;&nbsp; 6.50%, 04/15/2038 | 174000 | 177388 |
| &nbsp;&nbsp; 5.88%, 09/26/2045 | 91000 | 82184 |
| &nbsp;&nbsp; 4.00%, 11/15/2047 | 218000 | 149699 |
| &nbsp;&nbsp; 5.95%, 09/26/2055 | 184000 | 163027 |
|  QUALCOMM, Inc., 4.75%, 05/20/2032 | 78000 | 79672 |
|  Roper Technologies, Inc., 4.25%, 09/15/2028 | 84000 | 84298 |
|  Texas Instruments, Inc., 4.60%, 02/15/2028 | 107000 | 108675 |
| **Total Technology** | **Total Technology** | **13514371** |
| **UTILITIES - 4.6%** | **UTILITIES - 4.6%** | **UTILITIES - 4.6%** |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| &nbsp;&nbsp; 5.45%, 05/15/2029 | 290000 | 300225 |
| &nbsp;&nbsp; 5.85%, 10/15/2055 | 159000 | 156036 |
| AEP Transmission Co. LLC | AEP Transmission Co. LLC | AEP Transmission Co. LLC |
| &nbsp;&nbsp; 4.25%, 09/15/2048 | 425000 | 349143 |
| &nbsp;&nbsp; 4.50%, 06/15/2052 | 60000 | 50861 |
| AES Corp. | AES Corp. | AES Corp. |
| &nbsp;&nbsp; 5.45%, 06/01/2028 | 106000 | 108402 |
| &nbsp;&nbsp; 2.45%, 01/15/2031 | 5065000 | 4592124 |
| &nbsp;&nbsp; 7.60% to 01/15/2030 then 5 yr. CMT Rate + 3.20%, 01/15/2055 | 1000000 | 1018408 |
|  Alabama Power Co., 3.75%, 03/01/2045 | 170000 | 133727 |
|  Ameren Corp., 5.70%, 12/01/2026 | 65000 | 65888 |
|  American Water Capital Corp., 5.25%, 03/01/2035 | 1200000 | 1237042 |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| &nbsp;&nbsp; 6.35%, 12/15/2032 | 630000 | 687391 |
| &nbsp;&nbsp; 3.75%, 05/15/2046 | 500000 | 378955 |
|  Avangrid, Inc., 3.80%, 06/01/2029 | 1000000 | 986913 |
|  Basin Electric Power Cooperative, 5.85%, 10/15/2055 <sup>(a)</sup> | 66000 | 64642 |
|  Boston Gas Co., 5.84%, 01/10/2035 <sup>(a)</sup> | 415000 | 437379 |
|  Calpine Corp., 3.75%, 03/01/2031 <sup>(a)</sup> | 275000 | 265472 |
|  CMS Energy Corp., 4.75% to 06/01/2030 then 5 yr. CMT Rate + 4.12%, 06/01/2050 | 135000 | 132790 |
| Commonwealth Edison Co. | Commonwealth Edison Co. | Commonwealth Edison Co. |
| &nbsp;&nbsp; 3.70%, 08/15/2028 | 320000 | 318765 |
| &nbsp;&nbsp; 2.75%, 09/01/2051 | 1000000 | 613260 |
| &nbsp;&nbsp; 5.95%, 06/01/2055 | 30000 | 31179 |
| Connecticut Light and Power Co. | Connecticut Light and Power Co. | Connecticut Light and Power Co. |
| &nbsp;&nbsp; 4.65%, 01/01/2029 | 1000000 | 1018573 |
| &nbsp;&nbsp; 4.00%, 04/01/2048 | 105000 | 83606 |
| Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. |
| &nbsp;&nbsp; 4.45%, 03/15/2044 | 65000 | 56664 |
| &nbsp;&nbsp; 4.50%, 12/01/2045 | 89000 | 76577 |
| &nbsp;&nbsp; 4.13%, 05/15/2049 | 110000 | 87376 |
|  Consumers Energy Co., 4.60%, 05/30/2029 | 1000000 | 1016241 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| &nbsp;&nbsp; 3.38%, 04/01/2030 | 230000 | 221913 |
| &nbsp;&nbsp; 4.90%, 08/01/2041 | 2000000 | 1843184 |
| &nbsp;&nbsp; 7.00% to 06/01/2034 then 5 yr. CMT Rate + 2.51%, 06/01/2054 | 625000 | 676719 |
| DTE Electric Co. | DTE Electric Co. | DTE Electric Co. |
| &nbsp;&nbsp; 1.90%, 04/01/2028 | 1000000 | 958438 |
| &nbsp;&nbsp; 5.25%, 05/15/2035 | 200000 | 205548 |
| &nbsp;&nbsp; 3.95%, 03/01/2049 | 2482000 | 1948867 |
|  DTE Energy Co., 4.88%, 06/01/2028 | 122000 | 124113 |
| Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC |
| &nbsp;&nbsp; 2.85%, 03/15/2032 | 1000000 | 915775 |
| &nbsp;&nbsp; 3.55%, 03/15/2052 | 58000 | 41670 |
| &nbsp;&nbsp; 5.40%, 01/15/2054 | 42000 | 40655 |
|  Duke Energy Corp., 5.80%, 06/15/2054 | 88000 | 87013 |
| Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC |
| &nbsp;&nbsp; 3.80%, 07/15/2028 | 550000 | 549413 |
| &nbsp;&nbsp; 2.50%, 12/01/2029 | 1000000 | 943848 |
| &nbsp;&nbsp; 4.20%, 12/01/2030 | 225000 | 225079 |
| &nbsp;&nbsp; 4.20%, 07/15/2048 | 50000 | 40636 |
| &nbsp;&nbsp; 3.00%, 12/15/2051 | 1000000 | 647065 |
| &nbsp;&nbsp; 5.95%, 11/15/2052 | 58000 | 59951 |
|  Duke Energy Indiana LLC, 2.75%, 04/01/2050 | 930000 | 580936 |
| Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. |
| &nbsp;&nbsp; 5.65%, 04/01/2053 | 40000 | 39504 |
| &nbsp;&nbsp; 5.55%, 03/15/2054 | 200000 | 195451 |
|  Duke Energy Progress LLC, 4.00%, 04/01/2052 | 90000 | 69767 |
| Emera US Finance LP | Emera US Finance LP | Emera US Finance LP |
| &nbsp;&nbsp; 3.55%, 06/15/2026 | 225000 | 224273 |
| &nbsp;&nbsp; 4.75%, 06/15/2046 | 135000 | 115224 |
|  Entergy Mississippi LLC, 3.85%, 06/01/2049 | 66000 | 50324 |
| Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. |
| &nbsp;&nbsp; 5.25%, 04/15/2035 | 61000 | 62562 |
| &nbsp;&nbsp; 4.50%, 03/30/2039 | 488000 | 452812 |
|  Essential Utilities, Inc., 3.35%, 04/15/2050 | 300000 | 206236 |
| Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. |
| &nbsp;&nbsp; 4.70%, 03/13/2028 | 39000 | 39596 |
| &nbsp;&nbsp; 5.25%, 03/15/2035 | 1395000 | 1422014 |
|  FirstEnergy Corp., 4.85%, 07/15/2047 <sup>(c)</sup> | 110000 | 96837 |
|  FirstEnergy Pennsylvania Electric Co., 5.20%, 04/01/2028 <sup>(a)</sup> | 181000 | 184793 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| &nbsp;&nbsp; 5.15%, 06/15/2029 | 151000 | 156792 |
| &nbsp;&nbsp; 2.88%, 12/04/2051 | 570000 | 363304 |
| &nbsp;&nbsp; 5.60%, 02/15/2066 | 61000 | 60043 |
|  Georgia Power Co., 3.25%, 03/15/2051 | 208000 | 141749 |
|  Indiana Michigan Power Co., 5.63%, 04/01/2053 | 51000 | 50463 |
|  Interstate Power and Light Co., 3.50%, 09/30/2049 | 109000 | 77706 |
|  ITC Holdings Corp., 4.95%, 09/22/2027 <sup>(a)</sup> | 450000 | 455987 |
|  Jersey Central Power & Light Co., 2.75%, 03/01/2032 <sup>(a)</sup> | 70000 | 62879 |
|  Kentucky Power Co., 7.00%, 11/15/2033 <sup>(a)</sup> | 224000 | 244622 |
|  Kentucky Utilities Co., 5.85%, 08/15/2055 | 44000 | 44339 |
|  KeySpan Gas East Corp., 5.99%, 03/06/2033 <sup>(a)</sup> | 140000 | 147710 |
|  Liberty Utilities Finance GP 1, 2.05%, 09/15/2030 <sup>(a)</sup> | 94000 | 85235 |
| MidAmerican Energy Co. | MidAmerican Energy Co. | MidAmerican Energy Co. |
| &nbsp;&nbsp; 5.35%, 01/15/2034 | 875000 | 913435 |
| &nbsp;&nbsp; 5.85%, 09/15/2054 | 975000 | 1002988 |
| &nbsp;&nbsp; 5.30%, 02/01/2055 | 1050000 | 994842 |
|  Narragansett Electric Co., 5.35%, 05/01/2034 <sup>(a)</sup> | 99000 | 102001 |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. |
| &nbsp;&nbsp; 4.12%, 09/16/2027 | 107000 | 107493 |
| &nbsp;&nbsp; 3.95%, 12/10/2027 | 177000 | 177665 |
| &nbsp;&nbsp; 4.75%, 02/07/2028 | 55000 | 55834 |
| &nbsp;&nbsp; 4.15%, 08/25/2028 | 52000 | 52272 |
| &nbsp;&nbsp; 1.35%, 03/15/2031 | 1500000 | 1295189 |
| &nbsp;&nbsp; 4.15%, 12/15/2032 | 1000000 | 977447 |
|  Nevada Power Co., 6.00%, 03/15/2054 | 200000 | 204917 |
| New York State Electric & Gas Corp. | New York State Electric & Gas Corp. | New York State Electric & Gas Corp. |
| &nbsp;&nbsp; 5.65%, 08/15/2028 <sup>(a)</sup> | 1000000 | 1040194 |
| &nbsp;&nbsp; 2.15%, 10/01/2031 <sup>(a)</sup> | 2500000 | 2208259 |
| &nbsp;&nbsp; 5.85%, 08/15/2033 <sup>(a)</sup> | 93000 | 98641 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp; 4.69%, 09/01/2027 | 73000 | 73867 |
| &nbsp;&nbsp; 5.30%, 03/15/2032 | 160000 | 166640 |
| &nbsp;&nbsp; 5.90%, 03/15/2055 | 131000 | 132440 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| &nbsp;&nbsp; 5.20%, 07/01/2029 | 505000 | 520641 |
| &nbsp;&nbsp; 5.85%, 04/01/2055 | 45000 | 44858 |
|  Northern States Power Co./MN, 3.20%, 04/01/2052 | 1000000 | 683911 |
|  Northwest Natural Gas Co., 3.08%, 12/01/2051 | 1000000 | 624905 |
|  NorthWestern Corp., 5.07%, 03/21/2030 <sup>(a)</sup> | 390000 | 399873 |
|  NSTAR Electric Co., 5.40%, 06/01/2034 | 265000 | 274475 |
|  Ohio Edison Co., 5.50%, 01/15/2033 <sup>(a)</sup> | 930000 | 968590 |
|  Oncor Electric Delivery Co. LLC, 4.15%, 06/01/2032 | 119000 | 116442 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| &nbsp;&nbsp; 4.30%, 03/15/2045 | 143000 | 113432 |
| &nbsp;&nbsp; 3.95%, 12/01/2047 | 797000 | 593357 |
| &nbsp;&nbsp; 4.95%, 07/01/2050 | 480000 | 405711 |
| &nbsp;&nbsp; 6.70%, 04/01/2053 | 1000000 | 1055218 |
| &nbsp;&nbsp; 6.10%, 10/15/2055 | 194000 | 190389 |
|  PacifiCorp, 4.13%, 01/15/2049 | 935000 | 696902 |
| PG&E Recovery Funding LLC | PG&E Recovery Funding LLC | PG&E Recovery Funding LLC |
| &nbsp;&nbsp; 4.84%, 06/01/2033 | 867887 | 882323 |
| &nbsp;&nbsp; 5.53%, 06/01/2049 | 2000000 | 1997213 |
|  PPL Capital Funding, Inc., 5.25%, 09/01/2034 | 52000 | 53253 |
| PPL Electric Utilities Corp. | PPL Electric Utilities Corp. | PPL Electric Utilities Corp. |
| &nbsp;&nbsp; 4.85%, 02/15/2034 | 950000 | 960044 |
| &nbsp;&nbsp; 4.15%, 06/15/2048 | 85000 | 69973 |
| Public Service Co. of Colorado | Public Service Co. of Colorado | Public Service Co. of Colorado |
| &nbsp;&nbsp; 3.70%, 06/15/2028 | 596000 | 593092 |
| &nbsp;&nbsp; 5.35%, 05/15/2034 | 835000 | 857956 |
| &nbsp;&nbsp; 4.10%, 06/15/2048 | 2269000 | 1802941 |
| &nbsp;&nbsp; 2.70%, 01/15/2051 | 327000 | 196856 |
|  Public Service Co. of Oklahoma, 2.20%, 08/15/2031 | 1156000 | 1025562 |
| Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. |
| &nbsp;&nbsp; 4.85%, 08/01/2034 | 51000 | 51413 |
| &nbsp;&nbsp; 2.70%, 05/01/2050 | 420000 | 260586 |
| &nbsp;&nbsp; 5.13%, 03/15/2053 | 800000 | 747402 |
|  Puget Sound Energy, Inc., 5.69%, 06/15/2054 | 86000 | 85162 |
| RWE Finance US LLC | RWE Finance US LLC | RWE Finance US LLC |
| &nbsp;&nbsp; 5.13%, 09/18/2035 <sup>(a)</sup> | 2675000 | 2659998 |
| &nbsp;&nbsp; 6.25%, 04/16/2054 <sup>(a)</sup> | 1000000 | 1026233 |
| &nbsp;&nbsp; 5.88%, 09/18/2055 <sup>(a)</sup> | 156000 | 152534 |
| San Diego Gas & Electric Co. | San Diego Gas & Electric Co. | San Diego Gas & Electric Co. |
| &nbsp;&nbsp; 4.95%, 08/15/2028 | 1000000 | 1024856 |
| &nbsp;&nbsp; 2.95%, 08/15/2051 | 1375000 | 872945 |
|  SCE Recovery Funding LLC, 2.94%, 11/15/2042 | 1627000 | 1371736 |
|  Solar Star Funding LLC, 5.38%, 06/30/2035 <sup>(a)</sup> | 2269279 | 2312536 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| &nbsp;&nbsp; 4.88%, 02/01/2027 | 550000 | 553534 |
| &nbsp;&nbsp; 5.85%, 11/01/2027 | 685000 | 703855 |
| &nbsp;&nbsp; 2.75%, 02/01/2032 | 1000000 | 889773 |
| &nbsp;&nbsp; 5.20%, 06/01/2034 | 575000 | 577480 |
| &nbsp;&nbsp; 4.13%, 03/01/2048 | 110000 | 83489 |
| &nbsp;&nbsp; 3.65%, 06/01/2051 | 1000000 | 682308 |
| &nbsp;&nbsp; 5.88%, 12/01/2053 | 62000 | 59365 |
| &nbsp;&nbsp; 6.20%, 09/15/2055 | 89000 | 89419 |
|  Southern California Gas Co., 5.60%, 04/01/2054 | 54000 | 52852 |
|  Southwestern Public Service Co., 3.75%, 06/15/2049 | 360000 | 265853 |
|  Trans-Allegheny Interstate Line Co., 5.00%, 01/15/2031 <sup>(a)</sup> | 78000 | 80127 |
| Union Electric Co. | Union Electric Co. | Union Electric Co. |
| &nbsp;&nbsp; 2.63%, 03/15/2051 | 1000000 | 602775 |
| &nbsp;&nbsp; 3.90%, 04/01/2052 | 93000 | 71086 |
|  Virginia Electric and Power Co., 5.55%, 08/15/2054 | 40000 | 38774 |
|  Vistra Corp., 7.00% to 12/15/2026 then 5 yr. CMT Rate + 5.74%, Perpetual <sup>(a)</sup> | 2000000 | 2034927 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 5.63%, 02/15/2027 <sup>(a)</sup> | 375000 | 375163 |
| &nbsp;&nbsp; 5.00%, 07/31/2027 <sup>(a)</sup> | 100000 | 100230 |
| &nbsp;&nbsp; 4.30%, 10/15/2028 <sup>(a)</sup> | 128000 | 128099 |
| &nbsp;&nbsp; 4.60%, 10/15/2030 <sup>(a)</sup> | 305000 | 304876 |
|  Wisconsin Power and Light Co., 3.95%, 09/01/2032 | 84000 | 80931 |
| XPLR Infrastructure Operating Partners LP | XPLR Infrastructure Operating Partners LP | XPLR Infrastructure Operating Partners LP |
| &nbsp;&nbsp; 7.25%, 01/15/2029 <sup>(a)</sup> | 1016000 | 1041005 |
| &nbsp;&nbsp; 7.75%, 04/15/2034 <sup>(a)</sup> | 285000 | 289643 |
| **Total Utilities** | **Total Utilities** | **73831690** |
| **TOTAL U.S. CORPORATE BONDS** (Cost $374,324,921) | **TOTAL U.S. CORPORATE BONDS** (Cost $374,324,921) | **370117511** |
| **U.S. GOVERNMENT AGENCIES - 17.7%** | **U.S. GOVERNMENT AGENCIES - 17.7%** | **U.S. GOVERNMENT AGENCIES - 17.7%** |
|  BFLD Trust, Series 2024-WRHS, Class A, 5.24% (1 mo. Term SOFR + 1.49%), 07/15/2039 <sup>(a)</sup> | 926997 | 927287 |
|  CHI Commercial Mortgage Trust, Series 2025-SFT, Class XA, 0.30%, 04/15/2042 <sup>(a)(d)(f)</sup> | 7875000 | 71233 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool A97420, 4.00%, 03/01/2041 | 66755 | 65411 |
| &nbsp;&nbsp; Pool C04420, 3.00%, 01/01/2043 | 341756 | 316443 |
| &nbsp;&nbsp; Pool C09044, 3.50%, 07/01/2043 | 99455 | 94895 |
| &nbsp;&nbsp; Pool C91967, 3.00%, 12/01/2037 | 161120 | 152617 |
| &nbsp;&nbsp; Pool G06784, 3.50%, 10/01/2041 | 43150 | 41635 |
| &nbsp;&nbsp; Pool G07025, 5.00%, 02/01/2042 | 79248 | 81589 |
| &nbsp;&nbsp; Pool G07028, 4.00%, 06/01/2042 | 121452 | 118919 |
| &nbsp;&nbsp; Pool G08654, 3.50%, 07/01/2045 | 91062 | 86536 |
| &nbsp;&nbsp; Pool G08658, 3.00%, 08/01/2045 | 154648 | 141327 |
| &nbsp;&nbsp; Pool G08721, 3.00%, 09/01/2046 | 923141 | 839191 |
| &nbsp;&nbsp; Pool G08741, 3.00%, 01/01/2047 | 535525 | 484310 |
| &nbsp;&nbsp; Pool G08760, 3.00%, 04/01/2047 | 193236 | 175111 |
| &nbsp;&nbsp; Pool G08768, 4.50%, 06/01/2047 | 155770 | 154856 |
| &nbsp;&nbsp; Pool G08772, 4.50%, 07/01/2047 | 35401 | 34996 |
| &nbsp;&nbsp; Pool G16015, 3.00%, 01/01/2032 | 81879 | 80320 |
| &nbsp;&nbsp; Pool G16177, 2.00%, 01/01/2032 | 55033 | 52697 |
| &nbsp;&nbsp; Pool G61713, 3.50%, 01/01/2045 | 141772 | 135241 |
| &nbsp;&nbsp; Pool G67715, 4.50%, 08/01/2048 | 87806 | 87376 |
| &nbsp;&nbsp; Pool Q12052, 3.50%, 10/01/2042 | 223311 | 213304 |
| &nbsp;&nbsp; Pool Q49494, 4.50%, 07/01/2047 | 38293 | 38078 |
| &nbsp;&nbsp; Pool Q52081, 3.50%, 11/01/2047 | 112102 | 105245 |
| &nbsp;&nbsp; Pool QA7234, 3.00%, 02/01/2050 | 281574 | 251996 |
| &nbsp;&nbsp; Pool QC0039, 2.50%, 03/01/2051 | 229395 | 196719 |
| &nbsp;&nbsp; Pool QE0375, 4.00%, 04/01/2052 | 320952 | 308425 |
| &nbsp;&nbsp; Pool QE5182, 4.50%, 06/01/2052 | 294870 | 289158 |
| &nbsp;&nbsp; Pool QE5382, 4.50%, 07/01/2052 | 296276 | 290537 |
| &nbsp;&nbsp; Pool RA7211, 4.00%, 04/01/2052 | 438413 | 418471 |
| &nbsp;&nbsp; Pool RA9629, 5.50%, 08/01/2053 | 1138148 | 1157766 |
| &nbsp;&nbsp; Pool RQ0075, 5.00%, 12/01/2055 | 2792001 | 2785070 |
| &nbsp;&nbsp; Pool SD1059, 3.50%, 06/01/2052 | 474011 | 440863 |
| &nbsp;&nbsp; Pool SD1844, 3.00%, 06/01/2052 | 637171 | 567349 |
| &nbsp;&nbsp; Pool SD1937, 3.00%, 03/01/2052 | 293834 | 260411 |
| &nbsp;&nbsp; Pool SD4999, 5.00%, 08/01/2053 | 148103 | 148285 |
| &nbsp;&nbsp; Pool SD6925, 3.00%, 06/01/2052 | 2856741 | 2528573 |
| &nbsp;&nbsp; Pool SD7551, 3.00%, 01/01/2052 | 1070017 | 962718 |
| &nbsp;&nbsp; Pool SD8016, 3.00%, 10/01/2049 | 49052 | 43976 |
| &nbsp;&nbsp; Pool SD8090, 2.00%, 09/01/2050 | 2001659 | 1634996 |
| &nbsp;&nbsp; Pool SD8104, 1.50%, 11/01/2050 | 358277 | 276440 |
| &nbsp;&nbsp; Pool SD8128, 2.00%, 02/01/2051 | 2929199 | 2388971 |
| &nbsp;&nbsp; Pool SD8135, 2.50%, 03/01/2051 | 8123185 | 6938460 |
| &nbsp;&nbsp; Pool SD8141, 2.50%, 04/01/2051 | 4460432 | 3803552 |
| &nbsp;&nbsp; Pool SD8189, 2.50%, 01/01/2052 | 586259 | 498982 |
| &nbsp;&nbsp; Pool SD8193, 2.00%, 02/01/2052 | 1600540 | 1298099 |
| &nbsp;&nbsp; Pool SD8195, 3.00%, 02/01/2052 | 215539 | 191080 |
| &nbsp;&nbsp; Pool SD8213, 3.00%, 05/01/2052 | 3290922 | 2920994 |
| &nbsp;&nbsp; Pool SD8214, 3.50%, 05/01/2052 | 2756640 | 2554764 |
| &nbsp;&nbsp; Pool SD8231, 4.50%, 07/01/2052 | 475893 | 466526 |
| &nbsp;&nbsp; Pool SD8233, 5.00%, 07/01/2052 | 1543641 | 1547688 |
| &nbsp;&nbsp; Pool SD8244, 4.00%, 09/01/2052 | 894653 | 853816 |
| &nbsp;&nbsp; Pool SD8246, 5.00%, 09/01/2052 | 2325010 | 2332184 |
| &nbsp;&nbsp; Pool SD8265, 4.00%, 11/01/2052 | 5770277 | 5504277 |
| &nbsp;&nbsp; Pool SD8288, 5.00%, 01/01/2053 | 3667517 | 3672594 |
| &nbsp;&nbsp; Pool SD8300, 5.50%, 02/01/2053 | 687383 | 699636 |
| &nbsp;&nbsp; Pool SD8315, 5.00%, 04/01/2053 | 2485631 | 2479460 |
| &nbsp;&nbsp; Pool SD8329, 5.00%, 06/01/2053 | 1604537 | 1606097 |
| &nbsp;&nbsp; Pool SD8523, 5.00%, 04/01/2055 | 2836663 | 2829694 |
| &nbsp;&nbsp; Pool U90490, 4.00%, 06/01/2042 | 2535 | 2471 |
| &nbsp;&nbsp; Pool U99175, 4.50%, 06/01/2047 | 16360 | 16319 |
| &nbsp;&nbsp; Pool V83956, 4.50%, 02/01/2048 | 71465 | 71065 |
| &nbsp;&nbsp; Pool ZK5708, 2.50%, 06/01/2028 | 14836 | 14606 |
| &nbsp;&nbsp; Pool ZM2486, 3.50%, 01/01/2047 | 121403 | 113407 |
| &nbsp;&nbsp; Pool ZT0536, 3.50%, 03/01/2048 | 473099 | 445819 |
| &nbsp;&nbsp; Series 2023-ML18, Class XCA, 1.44%, 09/25/2037 <sup>(d)(f)</sup> | 9591255 | 1004332 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 0.88%, 08/05/2030 | 1265000 | 1116092 |
| &nbsp;&nbsp; 0.00%, 03/17/2031 <sup>(g)</sup> | 260000 | 210957 |
| &nbsp;&nbsp; Pool 310210, 4.00%, 05/01/2044 | 1830657 | 1786989 |
| &nbsp;&nbsp; Pool AB2459, 4.00%, 03/01/2041 | 152048 | 148877 |
| &nbsp;&nbsp; Pool AB6832, 3.50%, 11/01/2042 | 169975 | 162081 |
| &nbsp;&nbsp; Pool AE0481, 5.00%, 09/01/2040 | 64548 | 66378 |
| &nbsp;&nbsp; Pool AE1761, 4.00%, 09/01/2040 | 92111 | 90303 |
| &nbsp;&nbsp; Pool AE3049, 4.50%, 09/01/2040 | 92363 | 93034 |
| &nbsp;&nbsp; Pool AH3384, 3.50%, 01/01/2041 | 127567 | 122974 |
| &nbsp;&nbsp; Pool AL0028, 5.00%, 02/01/2041 | 55190 | 56754 |
| &nbsp;&nbsp; Pool AL0054, 4.50%, 02/01/2041 | 182899 | 184067 |
| &nbsp;&nbsp; Pool AL7343, 5.50%, 02/01/2042 | 29423 | 30657 |
| &nbsp;&nbsp; Pool AL8858, 4.00%, 07/01/2046 | 166460 | 160993 |
| &nbsp;&nbsp; Pool AL9072, 5.00%, 07/01/2044 | 125955 | 128467 |
| &nbsp;&nbsp; Pool AO7352, 3.50%, 08/01/2042 | 102849 | 98254 |
| &nbsp;&nbsp; Pool AS0212, 3.50%, 08/01/2043 | 72880 | 69443 |
| &nbsp;&nbsp; Pool AS4952, 3.00%, 05/01/2030 | 52330 | 51473 |
| &nbsp;&nbsp; Pool AS6311, 3.50%, 12/01/2045 | 122167 | 115834 |
| &nbsp;&nbsp; Pool AS7568, 4.50%, 07/01/2046 | 69236 | 69023 |
| &nbsp;&nbsp; Pool AS7660, 2.50%, 08/01/2046 | 366599 | 319062 |
| &nbsp;&nbsp; Pool AS7742, 3.50%, 08/01/2046 | 134214 | 127002 |
| &nbsp;&nbsp; Pool AS7847, 3.00%, 09/01/2046 | 86364 | 78604 |
| &nbsp;&nbsp; Pool AS7877, 2.50%, 09/01/2046 | 32878 | 28601 |
| &nbsp;&nbsp; Pool AS8073, 2.50%, 10/01/2046 | 98683 | 85407 |
| &nbsp;&nbsp; Pool AS8299, 3.00%, 11/01/2046 | 131565 | 120396 |
| &nbsp;&nbsp; Pool AS8583, 3.50%, 01/01/2047 | 75380 | 71066 |
| &nbsp;&nbsp; Pool AS8960, 4.00%, 03/01/2047 | 91329 | 87881 |
| &nbsp;&nbsp; Pool AT2725, 3.00%, 05/01/2043 | 261988 | 242137 |
| &nbsp;&nbsp; Pool AX7677, 3.50%, 01/01/2045 | 7380 | 7043 |
| &nbsp;&nbsp; Pool BA3907, 3.50%, 12/01/2045 | 169902 | 161287 |
| &nbsp;&nbsp; Pool BC0769, 4.00%, 12/01/2045 | 193890 | 187663 |
| &nbsp;&nbsp; Pool BC9096, 3.50%, 12/01/2046 | 65230 | 61764 |
| &nbsp;&nbsp; Pool BM1278, 3.00%, 05/01/2032 | 203570 | 198793 |
| &nbsp;&nbsp; Pool BM3148, 4.50%, 11/01/2047 | 29837 | 29688 |
| &nbsp;&nbsp; Pool BM3881, 4.50%, 05/01/2048 | 62303 | 61925 |
| &nbsp;&nbsp; Pool BM3904, 5.00%, 05/01/2048 | 31919 | 32451 |
| &nbsp;&nbsp; Pool BM4012, 4.50%, 05/01/2048 | 39961 | 39718 |
| &nbsp;&nbsp; Pool BM4716, 3.50%, 12/01/2030 | 14744 | 14635 |
| &nbsp;&nbsp; Pool BM5261, 4.00%, 01/01/2048 | 152295 | 147213 |
| &nbsp;&nbsp; Pool BM5654, 3.50%, 06/01/2048 | 118449 | 111603 |
| &nbsp;&nbsp; Pool BM5839, 3.50%, 11/01/2047 | 3701 | 3525 |
| &nbsp;&nbsp; Pool BM6038, 4.00%, 01/01/2045 | 7686 | 7484 |
| &nbsp;&nbsp; Pool BP2403, 3.50%, 04/01/2050 | 1006848 | 938784 |
| &nbsp;&nbsp; Pool BP6618, 2.50%, 08/01/2050 | 492747 | 420939 |
| &nbsp;&nbsp; Pool BT0267, 3.00%, 09/01/2051 | 250268 | 226004 |
| &nbsp;&nbsp; Pool BV2540, 4.50%, 06/01/2052 | 139543 | 136897 |
| &nbsp;&nbsp; Pool BW3382, 4.50%, 07/01/2052 | 131937 | 129394 |
| &nbsp;&nbsp; Pool CA0549, 4.00%, 10/01/2047 | 48832 | 47210 |
| &nbsp;&nbsp; Pool CA1020, 4.50%, 01/01/2048 | 88213 | 87677 |
| &nbsp;&nbsp; Pool CA1210, 4.50%, 02/01/2048 | 14813 | 14723 |
| &nbsp;&nbsp; Pool CA3861, 3.50%, 07/01/2049 | 2495911 | 2347996 |
| &nbsp;&nbsp; Pool CA5083, 3.50%, 01/01/2035 | 68609 | 67167 |
| &nbsp;&nbsp; Pool CA6414, 3.00%, 07/01/2050 | 3056135 | 2764824 |
| &nbsp;&nbsp; Pool CB1301, 2.50%, 08/01/2051 | 242150 | 208668 |
| &nbsp;&nbsp; Pool CB2243, 2.50%, 11/01/2036 | 435348 | 414365 |
| &nbsp;&nbsp; Pool CB2795, 3.00%, 02/01/2052 | 369727 | 327724 |
| &nbsp;&nbsp; Pool CB3599, 3.50%, 05/01/2052 | 251553 | 233980 |
| &nbsp;&nbsp; Pool CB3715, 3.50%, 06/01/2037 | 626327 | 611999 |
| &nbsp;&nbsp; Pool CB3905, 3.50%, 06/01/2052 | 429888 | 398523 |
| &nbsp;&nbsp; Pool FA0197, 4.00%, 02/01/2054 | 610915 | 582888 |
| &nbsp;&nbsp; Pool FM1001, 3.50%, 11/01/2048 | 152767 | 143853 |
| &nbsp;&nbsp; Pool FM1361, 3.50%, 12/01/2046 | 72669 | 69469 |
| &nbsp;&nbsp; Pool FM2309, 3.50%, 03/01/2049 | 133337 | 125733 |
| &nbsp;&nbsp; Pool FM3664, 4.00%, 03/01/2049 | 936440 | 901651 |
| &nbsp;&nbsp; Pool FM4216, 3.50%, 06/01/2049 | 54950 | 51651 |
| &nbsp;&nbsp; Pool FM4962, 3.00%, 02/01/2047 | 799463 | 738917 |
| &nbsp;&nbsp; Pool FM6272, 2.50%, 02/01/2051 | 165909 | 143535 |
| &nbsp;&nbsp; Pool FM6687, 2.50%, 04/01/2051 | 272553 | 235330 |
| &nbsp;&nbsp; Pool FM8325, 2.50%, 07/01/2035 | 508265 | 488723 |
| &nbsp;&nbsp; Pool FS0759, 3.50%, 02/01/2052 | 701770 | 656580 |
| &nbsp;&nbsp; Pool FS1228, 3.00%, 03/01/2052 | 365927 | 327670 |
| &nbsp;&nbsp; Pool FS1533, 3.00%, 04/01/2052 | 253479 | 227072 |
| &nbsp;&nbsp; Pool FS1535, 3.00%, 04/01/2052 | 85479 | 76515 |
| &nbsp;&nbsp; Pool FS5179, 5.00%, 06/01/2053 | 393749 | 396808 |
| &nbsp;&nbsp; Pool FS5848, 2.50%, 12/01/2051 | 1151970 | 982570 |
| &nbsp;&nbsp; Pool FS7057, 2.50%, 07/01/2052 | 507343 | 429856 |
| &nbsp;&nbsp; Pool FS8254, 2.00%, 08/01/2042 | 4827255 | 4213761 |
| &nbsp;&nbsp; Pool MA1178, 4.00%, 09/01/2042 | 18429 | 17944 |
| &nbsp;&nbsp; Pool MA1221, 4.50%, 09/01/2042 | 1701 | 1699 |
| &nbsp;&nbsp; Pool MA1439, 2.50%, 05/01/2043 | 166046 | 148635 |
| &nbsp;&nbsp; Pool MA1711, 4.50%, 12/01/2043 | 9422 | 9410 |
| &nbsp;&nbsp; Pool MA2806, 3.00%, 11/01/2046 | 161199 | 146283 |
| &nbsp;&nbsp; Pool MA2863, 3.00%, 01/01/2047 | 162180 | 146457 |
| &nbsp;&nbsp; Pool MA2959, 3.50%, 04/01/2047 | 223922 | 211344 |
| &nbsp;&nbsp; Pool MA3076, 2.50%, 07/01/2032 | 141162 | 136158 |
| &nbsp;&nbsp; Pool MA3114, 2.50%, 08/01/2032 | 158381 | 153080 |
| &nbsp;&nbsp; Pool MA3120, 3.50%, 09/01/2047 | 101004 | 95164 |
| &nbsp;&nbsp; Pool MA3121, 4.00%, 09/01/2047 | 116353 | 112482 |
| &nbsp;&nbsp; Pool MA3124, 2.50%, 09/01/2032 | 149945 | 144866 |
| &nbsp;&nbsp; Pool MA3182, 3.50%, 11/01/2047 | 31253 | 29313 |
| &nbsp;&nbsp; Pool MA3211, 4.00%, 12/01/2047 | 72701 | 70439 |
| &nbsp;&nbsp; Pool MA3307, 4.50%, 03/01/2048 | 51618 | 51268 |
| &nbsp;&nbsp; Pool MA3333, 4.00%, 04/01/2048 | 53015 | 51232 |
| &nbsp;&nbsp; Pool MA3383, 3.50%, 06/01/2048 | 112056 | 105016 |
| &nbsp;&nbsp; Pool MA3871, 3.00%, 12/01/2049 | 261841 | 234582 |
| &nbsp;&nbsp; Pool MA3937, 3.00%, 02/01/2050 | 657227 | 588391 |
| &nbsp;&nbsp; Pool MA4017, 3.00%, 05/01/2040 | 155751 | 145178 |
| &nbsp;&nbsp; Pool MA4027, 3.50%, 05/01/2040 | 51550 | 49331 |
| &nbsp;&nbsp; Pool MA4119, 2.00%, 09/01/2050 | 2521557 | 2061242 |
| &nbsp;&nbsp; Pool MA4156, 2.50%, 10/01/2035 | 1022406 | 970840 |
| &nbsp;&nbsp; Pool MA4157, 1.50%, 10/01/2050 | 329871 | 254527 |
| &nbsp;&nbsp; Pool MA4159, 2.50%, 10/01/2050 | 252545 | 215742 |
| &nbsp;&nbsp; Pool MA4182, 2.00%, 11/01/2050 | 323899 | 264265 |
| &nbsp;&nbsp; Pool MA4204, 2.00%, 12/01/2040 | 387390 | 340783 |
| &nbsp;&nbsp; Pool MA4209, 1.50%, 12/01/2050 | 1519614 | 1173760 |
| &nbsp;&nbsp; Pool MA4236, 1.50%, 01/01/2051 | 433475 | 334462 |
| &nbsp;&nbsp; Pool MA4237, 2.00%, 01/01/2051 | 333938 | 272490 |
| &nbsp;&nbsp; Pool MA4255, 2.00%, 02/01/2051 | 365697 | 298176 |
| &nbsp;&nbsp; Pool MA4268, 2.00%, 02/01/2041 | 323634 | 284258 |
| &nbsp;&nbsp; Pool MA4306, 2.50%, 04/01/2051 | 1270202 | 1083695 |
| &nbsp;&nbsp; Pool MA4325, 2.00%, 05/01/2051 | 4840644 | 3940349 |
| &nbsp;&nbsp; Pool MA4355, 2.00%, 06/01/2051 | 3773822 | 3070751 |
| &nbsp;&nbsp; Pool MA4377, 1.50%, 07/01/2051 | 524753 | 405528 |
| &nbsp;&nbsp; Pool MA4378, 2.00%, 07/01/2051 | 549906 | 447284 |
| &nbsp;&nbsp; Pool MA4398, 2.00%, 08/01/2051 | 3741910 | 3042433 |
| &nbsp;&nbsp; Pool MA4473, 1.50%, 11/01/2041 | 4353324 | 3671006 |
| &nbsp;&nbsp; Pool MA4512, 2.50%, 01/01/2052 | 464336 | 396024 |
| &nbsp;&nbsp; Pool MA4548, 2.50%, 02/01/2052 | 1460526 | 1242640 |
| &nbsp;&nbsp; Pool MA4565, 3.50%, 03/01/2052 | 1138890 | 1056790 |
| &nbsp;&nbsp; Pool MA4579, 3.00%, 04/01/2052 | 585198 | 519056 |
| &nbsp;&nbsp; Pool MA4580, 3.50%, 04/01/2052 | 543143 | 503367 |
| &nbsp;&nbsp; Pool MA4600, 3.50%, 05/01/2052 | 1025469 | 950371 |
| &nbsp;&nbsp; Pool MA4626, 4.00%, 06/01/2052 | 5162951 | 4927289 |
| &nbsp;&nbsp; Pool MA4644, 4.00%, 05/01/2052 | 1252630 | 1193959 |
| &nbsp;&nbsp; Pool MA4655, 4.00%, 07/01/2052 | 987477 | 942403 |
| &nbsp;&nbsp; Pool MA4656, 4.50%, 07/01/2052 | 2305890 | 2260502 |
| &nbsp;&nbsp; Pool MA4684, 4.50%, 06/01/2052 | 3627810 | 3556404 |
| &nbsp;&nbsp; Pool MA4700, 4.00%, 08/01/2052 | 3404674 | 3233096 |
| &nbsp;&nbsp; Pool MA4701, 4.50%, 08/01/2052 | 3498286 | 3429427 |
| &nbsp;&nbsp; Pool MA4709, 5.00%, 07/01/2052 | 624117 | 625077 |
| &nbsp;&nbsp; Pool MA4732, 4.00%, 09/01/2052 | 6644665 | 6330558 |
| &nbsp;&nbsp; Pool MA4733, 4.50%, 09/01/2052 | 8880845 | 8705121 |
| &nbsp;&nbsp; Pool MA4737, 5.00%, 08/01/2052 | 926004 | 927429 |
| &nbsp;&nbsp; Pool MA4761, 5.00%, 09/01/2052 | 154884 | 155123 |
| &nbsp;&nbsp; Pool MA4783, 4.00%, 10/01/2052 | 5301885 | 5052077 |
| &nbsp;&nbsp; Pool MA4784, 4.50%, 10/01/2052 | 571255 | 560306 |
| &nbsp;&nbsp; Pool MA4785, 5.00%, 10/01/2052 | 3990744 | 4003058 |
| &nbsp;&nbsp; Pool MA4805, 4.50%, 11/01/2052 | 5673273 | 5559263 |
| &nbsp;&nbsp; Pool MA4807, 5.50%, 11/01/2052 | 2404453 | 2454206 |
| &nbsp;&nbsp; Pool MA4842, 5.50%, 12/01/2052 | 1754439 | 1788087 |
| &nbsp;&nbsp; Pool MA4868, 5.00%, 01/01/2053 | 466926 | 467789 |
| &nbsp;&nbsp; Pool MA4918, 5.00%, 02/01/2053 | 1552799 | 1554869 |
| &nbsp;&nbsp; Pool MA4919, 5.50%, 02/01/2053 | 766962 | 778352 |
| &nbsp;&nbsp; Pool MA4942, 6.00%, 03/01/2053 | 479525 | 494206 |
| &nbsp;&nbsp; Pool MA4978, 5.00%, 04/01/2053 | 2157776 | 2160430 |
| &nbsp;&nbsp; Pool MA5011, 6.00%, 05/01/2053 | 1346998 | 1389850 |
| &nbsp;&nbsp; Pool MA5039, 5.50%, 06/01/2053 | 2069104 | 2105085 |
| &nbsp;&nbsp; Pool MA5106, 5.00%, 08/01/2053 | 1359222 | 1359843 |
| &nbsp;&nbsp; Pool MA5107, 5.50%, 08/01/2053 | 3573348 | 3633839 |
| &nbsp;&nbsp; Pool MA5138, 5.50%, 09/01/2053 | 2127555 | 2162589 |
| &nbsp;&nbsp; Pool MA5139, 6.00%, 09/01/2053 | 3585283 | 3688510 |
| &nbsp;&nbsp; Pool MA5165, 5.50%, 10/01/2053 | 7054230 | 7172019 |
| &nbsp;&nbsp; Pool MA5190, 5.50%, 11/01/2053 | 1051149 | 1068700 |
| &nbsp;&nbsp; Pool MA5247, 6.00%, 01/01/2054 | 225590 | 231956 |
| &nbsp;&nbsp; Pool MA5327, 5.00%, 04/01/2054 | 2022679 | 2018857 |
| &nbsp;&nbsp; Pool MA5331, 5.50%, 04/01/2054 | 408858 | 414917 |
| &nbsp;&nbsp; Pool MA5353, 5.50%, 05/01/2054 | 2136106 | 2167649 |
| &nbsp;&nbsp; Pool MA5389, 6.00%, 06/01/2054 | 302719 | 310919 |
| &nbsp;&nbsp; Pool MA5497, 5.50%, 10/01/2054 | 1327804 | 1346937 |
| &nbsp;&nbsp; Pool MA5498, 6.00%, 10/01/2054 | 474423 | 487169 |
| &nbsp;&nbsp; Pool MA5584, 4.50%, 01/01/2055 | 3318546 | 3240519 |
| &nbsp;&nbsp; Pool MA5611, 4.00%, 02/01/2055 | 8625402 | 8184176 |
| &nbsp;&nbsp; Pool MA5788, 3.50%, 07/01/2055 | 2946738 | 2730940 |
| &nbsp;&nbsp; Pool MA5908, 4.50%, 12/01/2055 | 1496109 | 1460927 |
|  Ginnie Mae I Pool, Pool BU5340, 3.00%, 04/15/2050 | 138407 | 124427 |
| Ginnie Mae II Pool | Ginnie Mae II Pool | Ginnie Mae II Pool |
| &nbsp;&nbsp; Pool 4540, 4.50%, 09/20/2039 | 56222 | 56628 |
| &nbsp;&nbsp; Pool 4853, 4.00%, 11/20/2040 | 54629 | 53409 |
| &nbsp;&nbsp; Pool 5115, 4.50%, 07/20/2041 | 32540 | 32758 |
| &nbsp;&nbsp; Pool 5304, 3.50%, 02/20/2042 | 112253 | 106076 |
| &nbsp;&nbsp; Pool 785163, 3.50%, 10/20/2050 | 47470 | 43696 |
| &nbsp;&nbsp; Pool 786483, 3.50%, 11/20/2052 | 2853461 | 2562858 |
| &nbsp;&nbsp; Pool BX3679, 3.00%, 08/20/2050 | 174784 | 157553 |
| &nbsp;&nbsp; Pool BX3680, 3.00%, 08/20/2050 | 273844 | 246677 |
| &nbsp;&nbsp; Pool BX3681, 3.00%, 08/20/2050 | 161731 | 145638 |
| &nbsp;&nbsp; Pool BY0325, 2.50%, 10/20/2050 | 1037365 | 888866 |
| &nbsp;&nbsp; Pool BY0330, 3.00%, 10/20/2050 | 87157 | 78348 |
| &nbsp;&nbsp; Pool BY0331, 3.00%, 10/20/2050 | 226265 | 203395 |
| &nbsp;&nbsp; Pool BY0338, 3.50%, 08/20/2050 | 117151 | 108129 |
| &nbsp;&nbsp; Pool BY0339, 3.50%, 08/20/2050 | 116594 | 107923 |
| &nbsp;&nbsp; Pool BY0340, 3.50%, 08/20/2050 | 116054 | 106686 |
| &nbsp;&nbsp; Pool MA0220, 3.50%, 07/20/2042 | 163778 | 154916 |
| &nbsp;&nbsp; Pool MA0534, 3.50%, 11/20/2042 | 74435 | 70409 |
| &nbsp;&nbsp; Pool MA0624, 3.00%, 12/20/2042 | 138119 | 127902 |
| &nbsp;&nbsp; Pool MA2964, 5.00%, 07/20/2045 | 77959 | 79928 |
| &nbsp;&nbsp; Pool MA3034, 3.50%, 08/20/2045 | 29262 | 27261 |
| &nbsp;&nbsp; Pool MA3105, 3.50%, 09/20/2045 | 29084 | 27095 |
| &nbsp;&nbsp; Pool MA3309, 3.00%, 12/20/2045 | 42870 | 39129 |
| &nbsp;&nbsp; Pool MA3455, 4.00%, 02/20/2046 | 116658 | 112677 |
| &nbsp;&nbsp; Pool MA3522, 4.00%, 03/20/2046 | 43651 | 42169 |
| &nbsp;&nbsp; Pool MA3597, 3.50%, 04/20/2046 | 41799 | 38943 |
| &nbsp;&nbsp; Pool MA3936, 3.00%, 09/20/2046 | 62104 | 56649 |
| &nbsp;&nbsp; Pool MA4125, 2.50%, 12/20/2046 | 61068 | 53672 |
| &nbsp;&nbsp; Pool MA4127, 3.50%, 12/20/2046 | 238293 | 221307 |
| &nbsp;&nbsp; Pool MA4261, 3.00%, 02/20/2047 | 152780 | 139231 |
| &nbsp;&nbsp; Pool MA4264, 4.50%, 02/20/2047 | 20419 | 20340 |
| &nbsp;&nbsp; Pool MA4381, 3.00%, 04/20/2047 | 102718 | 93552 |
| &nbsp;&nbsp; Pool MA4382, 3.50%, 04/20/2047 | 860749 | 800121 |
| &nbsp;&nbsp; Pool MA4452, 4.00%, 05/20/2047 | 63094 | 60821 |
| &nbsp;&nbsp; Pool MA4653, 4.00%, 08/20/2047 | 32840 | 31701 |
| &nbsp;&nbsp; Pool MA4654, 4.50%, 08/20/2047 | 30732 | 30560 |
| &nbsp;&nbsp; Pool MA4720, 4.00%, 09/20/2047 | 492084 | 474004 |
| &nbsp;&nbsp; Pool MA4837, 3.50%, 11/20/2047 | 77991 | 72623 |
| &nbsp;&nbsp; Pool MA4899, 3.00%, 12/20/2047 | 45400 | 41326 |
| &nbsp;&nbsp; Pool MA4961, 3.00%, 01/20/2048 | 96382 | 87537 |
| &nbsp;&nbsp; Pool MA4962, 3.50%, 01/20/2048 | 80477 | 74663 |
| &nbsp;&nbsp; Pool MA4964, 4.50%, 01/20/2048 | 95100 | 94555 |
| &nbsp;&nbsp; Pool MA5079, 4.50%, 03/20/2048 | 19049 | 18939 |
| &nbsp;&nbsp; Pool MA5331, 4.50%, 07/20/2048 | 38099 | 37786 |
| &nbsp;&nbsp; Pool MA5594, 3.50%, 11/20/2048 | 318132 | 294671 |
| &nbsp;&nbsp; Pool MA5876, 4.00%, 04/20/2049 | 1646136 | 1576701 |
| &nbsp;&nbsp; Pool MA5987, 4.50%, 06/20/2049 | 105918 | 105325 |
| &nbsp;&nbsp; Pool MA6090, 3.50%, 08/20/2049 | 981305 | 903858 |
| &nbsp;&nbsp; Pool MA6153, 3.00%, 09/20/2049 | 73888 | 66673 |
| &nbsp;&nbsp; Pool MA6338, 3.00%, 12/20/2049 | 149117 | 134504 |
| &nbsp;&nbsp; Pool MA6409, 3.00%, 01/20/2050 | 345944 | 311855 |
| &nbsp;&nbsp; Pool MA6411, 4.00%, 01/20/2050 | 185713 | 177608 |
| &nbsp;&nbsp; Pool MA6476, 4.00%, 02/20/2050 | 269163 | 257815 |
| &nbsp;&nbsp; Pool MA6768, 4.00%, 07/20/2050 | 407251 | 389202 |
| &nbsp;&nbsp; Pool MA6931, 2.50%, 10/20/2050 | 3114018 | 2693765 |
| &nbsp;&nbsp; Pool MA7135, 2.00%, 01/20/2051 | 513545 | 425464 |
| &nbsp;&nbsp; Pool MA7194, 3.00%, 02/20/2051 | 197343 | 177549 |
| &nbsp;&nbsp; Pool MA7254, 2.00%, 03/20/2051 | 300465 | 248918 |
| &nbsp;&nbsp; Pool MA7367, 2.50%, 05/20/2051 | 3600359 | 3107272 |
| &nbsp;&nbsp; Pool MA7369, 3.50%, 05/20/2051 | 1417418 | 1310272 |
| &nbsp;&nbsp; Pool MA7419, 3.00%, 06/20/2051 | 319726 | 287657 |
| &nbsp;&nbsp; Pool MA7471, 2.00%, 07/20/2051 | 366903 | 303958 |
| &nbsp;&nbsp; Pool MA7533, 2.00%, 08/20/2051 | 404667 | 335243 |
| &nbsp;&nbsp; Pool MA7768, 3.00%, 12/20/2051 | 967917 | 870834 |
| &nbsp;&nbsp; Pool MA7828, 3.00%, 01/20/2052 | 367446 | 330871 |
| &nbsp;&nbsp; Pool MA7829, 3.50%, 01/20/2052 | 723898 | 666169 |
| &nbsp;&nbsp; Pool MA7871, 2.50%, 02/20/2052 | 233237 | 196675 |
| &nbsp;&nbsp; Pool MA7883, 3.50%, 02/20/2052 | 1935531 | 1776088 |
| &nbsp;&nbsp; Pool MA7989, 3.50%, 04/20/2052 | 1818342 | 1669771 |
| &nbsp;&nbsp; Pool MA8149, 3.50%, 07/20/2052 | 2210940 | 2033023 |
| &nbsp;&nbsp; Pool MA8201, 4.50%, 08/20/2052 | 937436 | 920321 |
| &nbsp;&nbsp; Pool MA8267, 4.00%, 09/20/2052 | 5799886 | 5524996 |
| &nbsp;&nbsp; Pool MA8347, 4.50%, 10/20/2052 | 1462595 | 1435212 |
| &nbsp;&nbsp; Pool MA8428, 5.00%, 11/20/2052 | 511360 | 512193 |
| &nbsp;&nbsp; Pool MA8487, 3.50%, 12/20/2052 | 3095637 | 2839358 |
| &nbsp;&nbsp; Pool MA8489, 4.50%, 12/20/2052 | 1326486 | 1301002 |
| &nbsp;&nbsp; Pool MA8646, 4.50%, 02/20/2053 | 2312616 | 2267047 |
| &nbsp;&nbsp; Pool MA8647, 5.00%, 02/20/2053 | 1292870 | 1297188 |
| &nbsp;&nbsp; Pool MA8725, 5.00%, 03/20/2053 | 258256 | 258409 |
| &nbsp;&nbsp; Pool MA8879, 5.50%, 05/20/2053 | 3341822 | 3398253 |
| &nbsp;&nbsp; Pool MA9101, 3.00%, 08/20/2053 | 2615115 | 2364161 |
| &nbsp;&nbsp; Pool MA9303, 4.50%, 11/20/2053 | 2857324 | 2788429 |
| &nbsp;&nbsp; Pool MA9852, 6.00%, 08/20/2054 | 1541587 | 1573472 |
| &nbsp;&nbsp; Pool MB0025, 5.00%, 11/20/2054 | 297312 | 296811 |
| &nbsp;&nbsp; Pool MB0091, 5.00%, 12/20/2054 | 137936 | 137771 |
|  SCG Mortgage Trust, Series 2025-SNIP, Class A, 5.25% (1 mo. Term SOFR + 1.50%), 09/15/2042 <sup>(a)</sup> | 1400000 | 1402186 |
| Tennessee Valley Authority | Tennessee Valley Authority | Tennessee Valley Authority |
| &nbsp;&nbsp; 1.50%, 09/15/2031 | 105000 | 92204 |
| &nbsp;&nbsp; 5.25%, 02/01/2055 | 660000 | 652991 |
|  U.S. Department of Housing and Urban Development, 2.87%, 08/01/2027 | 1000000 | 986061 |
| U.S. International Development Finance Corporation | U.S. International Development Finance Corporation | U.S. International Development Finance Corporation |
| &nbsp;&nbsp; 1.65%, 04/15/2028 | 1000000 | 962282 |
| &nbsp;&nbsp; 1.05%, 10/15/2029 | 501377 | 474279 |
| Wells Fargo Commercial Mortgage Trust 2024-1CHI | Wells Fargo Commercial Mortgage Trust 2024-1CHI | Wells Fargo Commercial Mortgage Trust 2024-1CHI |
| &nbsp;&nbsp; Series 2025-609M, Class A, 5.29% (1 mo. Term SOFR + 1.54%), 08/15/2042 <sup>(a)</sup> | 750000 | 750697 |
| &nbsp;&nbsp; Series 2025-609M, Class B, 5.59% (1 mo. Term SOFR + 1.84%), 08/15/2042 <sup>(a)</sup> | 150000 | 149813 |
| &nbsp;&nbsp; Series 2025-609M, Class C, 6.09% (1 mo. Term SOFR + 2.34%), 08/15/2042 <sup>(a)</sup> | 100000 | 99875 |
| **TOTAL U.S. GOVERNMENT AGENCIES** (Cost $289,140,845) | **TOTAL U.S. GOVERNMENT AGENCIES** (Cost $289,140,845) | **285544495** |

---

---

| | | |
|:---|:---|:---|
| **ASSET-BACKED SECURITIES - 14.4%** | **ASSET-BACKED SECURITIES - 14.4%** | **ASSET-BACKED SECURITIES - 14.4%** |
|  ABPCI Direct Lending Fund ABS Ltd., Series 2020-1A, Class A, 3.20%, 12/29/2030 <sup>(a)</sup> | 912159 | 902908 |
|  Adams Outdoor Advertising LP, Series 2023-1, Class A2, 6.97%, 07/15/2053 <sup>(a)</sup> | 500000 | 508715 |
| Affirm, Inc. | Affirm, Inc. | Affirm, Inc. |
| &nbsp;&nbsp; Series 2024-A, Class 1A, 5.61%, 02/15/2029 <sup>(a)</sup> | 1600000 | 1602462 |
| &nbsp;&nbsp; Series 2024-X2, Class A, 5.22%, 12/17/2029 <sup>(a)</sup> | 65870 | 65889 |
| &nbsp;&nbsp; Series 2025-2A, Class A, 4.67%, 07/15/2033 <sup>(a)</sup> | 1200000 | 1208116 |
|  AGL CLO Ltd., Series 2022-19A, Class A1R, 5.17% (3 mo. Term SOFR + 1.30%), 07/21/2038 <sup>(a)</sup> | 3000000 | 3003051 |
|  Air Canada 2015-1 Class A Pass Through Trust, Series 2015-1, 3.60%, 03/15/2027 <sup>(a)</sup> | 2630012 | 2600249 |
|  Air Canada 2015-2 Class AA Pass Through Trust, Series 2015-2, 3.75%, 12/15/2027 <sup>(a)</sup> | 922851 | 909867 |
|  Air Canada 2020-2 Class A Pass Through Trust, Series 2020-2, Class A, 5.25%, 04/01/2029 <sup>(a)</sup> | 1997390 | 2041553 |
|  Alaska Airlines 2020-1 Class A Pass Through Trust, Series A, 4.80%, 08/15/2027 <sup>(a)</sup> | 425641 | 428098 |
| Aligned Data Centers Issuer LLC | Aligned Data Centers Issuer LLC | Aligned Data Centers Issuer LLC |
| &nbsp;&nbsp; Series 2022-1A, Class A2, 6.35%, 10/15/2047 <sup>(a)</sup> | 1000000 | 1000717 |
| &nbsp;&nbsp; Series 2023-1A, Class A2, 6.00%, 08/17/2048 <sup>(a)</sup> | 1180000 | 1188687 |
|  American Airlines 2025-1 Class A Pass Through Trust, Series 2025-1A, 4.90%, 05/11/2038 | 225000 | 223185 |
| AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2021-3, Class C, 1.41%, 08/18/2027 | 154877 | 153803 |
| &nbsp;&nbsp; Series 2023-2, Class C, 6.00%, 07/18/2029 | 500000 | 512931 |
|  Anchorage Capital CLO Ltd., Series 2023-26A, Class A1R, 5.40% (3 mo. Term SOFR + 1.52%), 03/19/2038 <sup>(a)</sup> | 2250000 | 2259401 |
|  Apidos CLO, Series 2018-18A, Class A1R2, 5.19% (3 mo. Term SOFR + 1.33%), 01/22/2038 <sup>(a)</sup> | 2500000 | 2506318 |
|  Ares Loan Funding IX Ltd., Series 2025-ALF9A, Class A1, 5.08% (3 mo. Term SOFR + 1.18%), 03/31/2038 <sup>(a)</sup> | 2500000 | 2493865 |
| Atlas Senior Loan Fund Ltd. | Atlas Senior Loan Fund Ltd. | Atlas Senior Loan Fund Ltd. |
| &nbsp;&nbsp; Series 2016-7A, Class A2R, 5.63% (3 mo. Term SOFR + 1.81%), 11/27/2031 <sup>(a)</sup> | 1500000 | 1501329 |
| &nbsp;&nbsp; Series 2018-10A, Class B, 5.67% (3 mo. Term SOFR + 1.76%), 01/15/2031 <sup>(a)</sup> | 1475954 | 1477565 |
| &nbsp;&nbsp; Series 2018-11A, Class A1L, 5.22% (3 mo. Term SOFR + 1.36%), 07/26/2031 <sup>(a)</sup> | 24387 | 24389 |
|  ATLX Trust, Series 2024-RPL1, Class A1, 3.85%, 04/25/2064 <sup>(a)(c)</sup> | 530930 | 519096 |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |
| &nbsp;&nbsp; Series 2021-2A, Class A, 1.66%, 02/20/2028 <sup>(a)</sup> | 900000 | 879604 |
| &nbsp;&nbsp; Series 2022-1A, Class A, 3.83%, 08/21/2028 <sup>(a)</sup> | 1000000 | 995981 |
| &nbsp;&nbsp; Series 2023-1A, Class A, 5.25%, 04/20/2029 <sup>(a)</sup> | 1400000 | 1430037 |
| &nbsp;&nbsp; Series 2023-2A, Class A, 5.20%, 10/20/2027 <sup>(a)</sup> | 400000 | 402592 |
| &nbsp;&nbsp; Series 2023-3A, Class A, 5.44%, 02/22/2028 <sup>(a)</sup> | 600000 | 607185 |
| &nbsp;&nbsp; Series 2023-4A, Class A, 5.49%, 06/20/2029 <sup>(a)</sup> | 2000000 | 2050483 |
| &nbsp;&nbsp; Series 2023-5A, Class A, 5.78%, 04/20/2028 <sup>(a)</sup> | 1010000 | 1027547 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.36%, 06/20/2030 <sup>(a)</sup> | 500000 | 515539 |
| Bain Capital Credit CLO | Bain Capital Credit CLO | Bain Capital Credit CLO |
| &nbsp;&nbsp; Series 2019-1A, Class AR2, 5.11% (3 mo. Term SOFR + 1.23%), 04/19/2034 <sup>(a)</sup> | 3250000 | 3254196 |
| &nbsp;&nbsp; Series 2022-4A, Class A1R, 5.27% (3 mo. Term SOFR + 1.38%), 10/16/2037 <sup>(a)</sup> | 2500000 | 2506012 |
| Bankers Healthcare Group, Inc. | Bankers Healthcare Group, Inc. | Bankers Healthcare Group, Inc. |
| &nbsp;&nbsp; Series 2022-C, Class B, 5.93%, 10/17/2035 <sup>(a)</sup> | 477866 | 479113 |
| &nbsp;&nbsp; Series 2023-B, Class B, 7.45%, 12/17/2036 <sup>(a)</sup> | 405644 | 422729 |
| Barrow Hanley Ltd. | Barrow Hanley Ltd. | Barrow Hanley Ltd. |
| &nbsp;&nbsp; Series 2023-1A, Class A1R, 5.22% (3 mo. Term SOFR + 1.34%), 01/20/2038 <sup>(a)</sup> | 2450000 | 2451796 |
| &nbsp;&nbsp; Series 2024-3A, Class A1, 5.50% (3 mo. Term SOFR + 1.62%), 04/20/2037 <sup>(a)</sup> | 3000000 | 3004503 |
|  Blue Stream Communications LLC, Series 2023-1A, Class A2, 5.40%, 05/20/2053 <sup>(a)</sup> | 1300000 | 1308043 |
|  Bread Financial Holdings, Inc., Series 2024-B, Class A, 4.62%, 05/15/2031 | 2000000 | 2023043 |
| Business Jet Securities LLC | Business Jet Securities LLC | Business Jet Securities LLC |
| &nbsp;&nbsp; Series 2022-1A, Class B, 5.19%, 06/15/2037 <sup>(a)</sup> | 401894 | 401175 |
| &nbsp;&nbsp; Series 2024-1A, Class B, 6.92%, 05/15/2039 <sup>(a)</sup> | 938237 | 969423 |
| CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| &nbsp;&nbsp; Series 2022-1, Class C, 2.20%, 11/15/2027 | 300000 | 298607 |
| &nbsp;&nbsp; Series 2022-1, Class D, 2.47%, 07/17/2028 | 100000 | 99538 |
| &nbsp;&nbsp; Series 2025-3, Class A3, 4.35%, 07/15/2030 | 800000 | 806898 |
|  Carvana Auto Receivables Trust, Series 2024-P2, Class A4, 5.21%, 06/10/2030 | 565000 | 578098 |
|  CC Towers Guarantor LLC, Series 4.24100, 4.24%, 07/15/2028 <sup>(a)</sup> | 600000 | 598040 |
|  CCG Receivables Trust, Series 2025-1A, Class A2, 5.50%, 03/26/2055 <sup>(a)</sup> | 1050000 | 1034054 |
|  CFG Investments Ltd., Series 2025-1, Class A, 6.47%, 03/25/2036 <sup>(a)</sup> | 1500000 | 1524673 |
| CIFC Funding Ltd. | CIFC Funding Ltd. | CIFC Funding Ltd. |
| &nbsp;&nbsp; Series 2018-2A, Class A1R, 5.25% (3 mo. Term SOFR + 1.37%), 10/20/2037 <sup>(a)</sup> | 3250000 | 3255912 |
| &nbsp;&nbsp; Series 2023-1A, Class A1R, 5.14% (3 mo. Term SOFR + 1.24%), 10/15/2038 <sup>(a)</sup> | 4250000 | 4250735 |
|  Citibank NA, Series 2018-A7, Class A7, 3.96%, 10/13/2030 | 600000 | 602337 |
|  Cogent Communications Holdings, Inc., Series 2024-1A, Class A2, 7.92%, 05/25/2054 <sup>(a)</sup> | 2200000 | 2286981 |
|  COOPR Residential Mortgage Trust, Series 2025-CES2, Class A1A, 5.50%, 06/25/2060 <sup>(a)(c)</sup> | 843279 | 850547 |
| Credit Acceptance Corp. | Credit Acceptance Corp. | Credit Acceptance Corp. |
| &nbsp;&nbsp; Series 2023-5A, Class C, 7.30%, 04/17/2034 <sup>(a)</sup> | 1000000 | 1031472 |
| &nbsp;&nbsp; Series 2024-2A, Class A, 5.95%, 06/15/2034 <sup>(a)</sup> | 570000 | 580088 |
| &nbsp;&nbsp; Series 2024-3A, Class B, 4.85%, 11/15/2034 <sup>(a)</sup> | 520000 | 521624 |
|  Credit Suisse Mortgage Capital Certificates, Series 2018-RPL9, Class A, 3.85%, 09/25/2057 <sup>(a)(d)</sup> | 89315 | 86497 |
|  Cyrusone Holdco LLC, Series 2025-1A, Class A2, 5.91%, 02/20/2050 <sup>(a)</sup> | 880000 | 898911 |
|  Delta Air Lines 2020-1 Class A Pass Through Trust, 2.50%, 06/10/2028 | 1710288 | 1646911 |
|  Delta Air Lines 2020-1 Class AA Pass Through Trust, 2.00%, 06/10/2028 | 335567 | 320485 |
|  Delta Air Lines, Inc., Series 2015-1, 3.88%, 07/30/2027 | 314603 | 309102 |
|  DigitalBridge Group, Inc., Series 2021-1A, Class A2, 3.93%, 09/25/2051 <sup>(a)</sup> | 1020000 | 996235 |
|  Ellington Financial Mortgage Trust, Series 2024-CES1, Class A1, 5.52%, 01/26/2060 <sup>(a)(c)</sup> | 739372 | 747493 |
|  EnFin Residential Solar Receivables Trust, Series 2024-2A, Class A, 5.98%, 09/20/2055 <sup>(a)</sup> | 893596 | 857160 |
|  ExteNet LLC, Series 2024-1A, Class A2, 5.34%, 07/25/2054 <sup>(a)</sup> | 750000 | 754653 |
|  Federal Express Corp. 2020-1 Pass Through Trusts, Series 2020-1, 1.88%, 02/20/2034 | 51285 | 44745 |
|  First National Master Note Trust, Series 2025-1, Class A, 4.85%, 02/15/2030 | 1000000 | 1020056 |
|  Flexential Issuer LLC, Series 2021-1A, Class A2, 3.25%, 11/27/2051 <sup>(a)</sup> | 777143 | 765890 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2021-1, Class A, 1.37%, 10/17/2033 <sup>(a)</sup> | 3000000 | 2976199 |
| &nbsp;&nbsp; Series 2021-1, Class B, 1.61%, 10/17/2033 <sup>(a)</sup> | 120000 | 119050 |
| &nbsp;&nbsp; Series 2021-2, Class B, 1.91%, 05/15/2034 <sup>(a)</sup> | 100000 | 98012 |
| &nbsp;&nbsp; Series 2022-B, Class A4, 3.93%, 08/15/2027 | 895099 | 895209 |
| &nbsp;&nbsp; Series 2024-1, Class A, 4.87%, 08/15/2036 <sup>(a)(c)</sup> | 2300000 | 2358641 |
| &nbsp;&nbsp; Series 2025-2, Class A, 4.37%, 02/15/2038 <sup>(a)(c)</sup> | 2821000 | 2844247 |
| Ford Credit Floorplan LLC | Ford Credit Floorplan LLC | Ford Credit Floorplan LLC |
| &nbsp;&nbsp; Series 2024-1, Class A1, 5.29%, 04/15/2029 <sup>(a)</sup> | 2100000 | 2139854 |
| &nbsp;&nbsp; Series 2024-3, Class A1, 4.30%, 09/15/2029 <sup>(a)</sup> | 2500000 | 2520162 |
|  Frontier Communications Parent, Inc., Series 2024-1, Class A2, 6.19%, 06/20/2054 <sup>(a)</sup> | 590000 | 608304 |
|  Galaxy CLO Ltd., Series 2018-25A, Class A1RR, 4.97% (3 mo. Term SOFR + 1.11%), 04/25/2036 <sup>(a)</sup> | 5300000 | 5306498 |
|  General Motors Co., Series 2024-4A, Class A1, 4.73%, 11/15/2029 <sup>(a)</sup> | 1000000 | 1013714 |
|  General Motors Financial Co., Inc., Series 2021-2, Class C, 1.01%, 01/19/2027 | 6331 | 6321 |
| Global Sea Containers Two SRL | Global Sea Containers Two SRL | Global Sea Containers Two SRL |
| &nbsp;&nbsp; Series 2020-1A, Class A, 2.17%, 10/17/2040 <sup>(a)</sup> | 487076 | 467715 |
| &nbsp;&nbsp; Series 2020-2A, Class A, 2.26%, 11/19/2040 <sup>(a)</sup> | 130636 | 125527 |
| &nbsp;&nbsp; Series 2020-2A, Class B, 3.32%, 11/19/2040 <sup>(a)</sup> | 108859 | 104729 |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2023-3, Class A3, 5.45%, 06/16/2028 | 547110 | 551045 |
| &nbsp;&nbsp; Series 2023-4, Class B, 6.16%, 04/16/2029 | 500000 | 514399 |
| &nbsp;&nbsp; Series 2023-4, Class C, 6.41%, 05/16/2029 | 300000 | 309157 |
| GM Financial Revolving Receivables Trust | GM Financial Revolving Receivables Trust | GM Financial Revolving Receivables Trust |
| &nbsp;&nbsp; Series 2021-1, Class B, 1.49%, 06/12/2034 <sup>(a)</sup> | 100000 | 98094 |
| &nbsp;&nbsp; Series 2023-2, Class A, 5.77%, 08/11/2036 <sup>(a)</sup> | 500000 | 525751 |
| &nbsp;&nbsp; Series 2024-2, Class A, 4.52%, 03/11/2037 <sup>(a)</sup> | 1700000 | 1727708 |
|  Golub Capital Partners ABS Funding Ltd., Series 2020-1A, Class A2, 3.21%, 01/22/2029 <sup>(a)</sup> | 242430 | 242361 |
|  Golub Capital Partners CLO Ltd., Series 2023-70A, Class A1R, 5.03% (3 mo. Term SOFR + 1.12%), 10/25/2037 <sup>(a)</sup> | 3000000 | 3001845 |
| GoodLeap Sustainable Home Solutions Trust | GoodLeap Sustainable Home Solutions Trust | GoodLeap Sustainable Home Solutions Trust |
| &nbsp;&nbsp; Series 2021-3CS, Class A, 2.10%, 05/20/2048 <sup>(a)</sup> | 247426 | 201174 |
| &nbsp;&nbsp; Series 2021-5CS, Class A, 2.31%, 10/20/2048 <sup>(a)</sup> | 961879 | 800156 |
| &nbsp;&nbsp; Series 2022-1GS, Class A, 2.70%, 01/20/2049 <sup>(a)</sup> | 679866 | 598489 |
| &nbsp;&nbsp; Series 2022-3CS, Class A, 4.95%, 07/20/2049 <sup>(a)</sup> | 772040 | 702274 |
| GreenSky LLC | GreenSky LLC | GreenSky LLC |
| &nbsp;&nbsp; Series 2024-1, Class A2, 5.88%, 06/25/2059 <sup>(a)</sup> | 137410 | 137992 |
| &nbsp;&nbsp; Series 2025-2A, Class A2, 4.93%, 06/25/2060 <sup>(a)</sup> | 375431 | 376818 |
| HERO Funding Trust | HERO Funding Trust | HERO Funding Trust |
| &nbsp;&nbsp; Series 2016-1A, Class A, 4.05%, 09/20/2041 <sup>(a)</sup> | 180212 | 175247 |
| &nbsp;&nbsp; Series 2016-3A, Class A1, 3.08%, 09/20/2042 <sup>(a)</sup> | 80740 | 75684 |
| &nbsp;&nbsp; Series 2020-1A, Class A, 2.59%, 09/20/2057 <sup>(a)</sup> | 337862 | 293188 |
| Hertz Vehicle Financing LLC | Hertz Vehicle Financing LLC | Hertz Vehicle Financing LLC |
| &nbsp;&nbsp; Series 2023-2A, Class C, 7.13%, 09/25/2029 <sup>(a)</sup> | 900000 | 935431 |
| &nbsp;&nbsp; Series 2025-2A, Class A, 5.13%, 09/25/2031 <sup>(a)</sup> | 810000 | 822740 |
|  Home Equity Asset Trust, Series 2003-1, Class M1, 5.35% (1 mo. Term SOFR + 1.61%), 06/25/2033 | 1236 | 1222 |
|  Home Partners of America Trust, Series 2021-3, Class A, 2.20%, 01/17/2041 <sup>(a)</sup> | 323142 | 304424 |
|  Hotwire Funding LLC, Series 2024-1A, Class B, 6.67%, 06/20/2054 <sup>(a)</sup> | 1500000 | 1533655 |
|  J.P. Morgan Mortgage Trust 2025-HE2, Series 2025-HE2, Class A1, 5.16% (30 day avg SOFR US + 1.25%), 11/20/2055 <sup>(a)</sup> | 730683 | 731792 |
| Jamestown CLO Ltd. | Jamestown CLO Ltd. | Jamestown CLO Ltd. |
| &nbsp;&nbsp; Series 2016-9A, Class A1R3, 5.04% (3 mo. Term SOFR + 1.18%), 07/25/2034 <sup>(a)</sup> | 3000000 | 3001146 |
| &nbsp;&nbsp; Series 2019-14A, Class A1RR, 4.92% (3 mo. Term SOFR + 1.04%), 10/20/2034 <sup>(a)</sup> | 3000000 | 2996040 |
|  JP Morgan Mortgage Trust, Series 2024-HE3, Class A1, 5.12% (30 day avg SOFR US + 1.20%), 02/25/2055 <sup>(a)</sup> | 538401 | 538399 |
| Lendmark Funding Trust | Lendmark Funding Trust | Lendmark Funding Trust |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.53%, 06/21/2032 <sup>(a)</sup> | 2000000 | 2026842 |
| &nbsp;&nbsp; Series 2025-3A, Class A, 4.51%, 05/21/2035 <sup>(a)</sup> | 1110000 | 1109667 |
|  LIAS Administration Fee Issuer, Series 2018-1A, Class A, 5.96%, 07/25/2048 <sup>(a)</sup> | 852954 | 832752 |
| Loanpal Solar Loan Ltd. | Loanpal Solar Loan Ltd. | Loanpal Solar Loan Ltd. |
| &nbsp;&nbsp; Series 2021-1GS, Class A, 2.29%, 01/20/2048 <sup>(a)</sup> | 504352 | 425402 |
| &nbsp;&nbsp; Series 2021-2GS, Class A, 2.22%, 03/20/2048 <sup>(a)</sup> | 288838 | 235041 |
| Madison Park Funding Ltd. | Madison Park Funding Ltd. | Madison Park Funding Ltd. |
| &nbsp;&nbsp; Series 2018-29A, Class A1R2, 5.06% (3 mo. Term SOFR + 1.18%), 03/25/2038 <sup>(a)</sup> | 3830000 | 3824121 |
| &nbsp;&nbsp; Series 2019-37A, Class AR2, 5.43% (3 mo. Term SOFR + 1.53%), 04/15/2037 <sup>(a)</sup> | 3000000 | 3005538 |
|  Marble Point CLO, Series 2020-2A, Class A1R2, 5.11% (3 mo. Term SOFR + 1.21%), 03/15/2038 <sup>(a)</sup> | 2500000 | 2494927 |
| Mariner Finance Issuance Trust | Mariner Finance Issuance Trust | Mariner Finance Issuance Trust |
| &nbsp;&nbsp; Series 2021-AA, Class A, 1.86%, 03/20/2036 <sup>(a)</sup> | 1710000 | 1683571 |
| &nbsp;&nbsp; Series 2024-AA, Class A, 5.13%, 09/22/2036 <sup>(a)</sup> | 320000 | 324261 |
| &nbsp;&nbsp; Series 2025-AA, Class A, 4.98%, 05/20/2038 <sup>(a)</sup> | 630000 | 638002 |
|  MFRA Trust, Series 2021-RPL1, Class A1, 1.13%, 07/25/2060 <sup>(a)(d)</sup> | 321935 | 296580 |
| MMAF Equipment Finance LLC | MMAF Equipment Finance LLC | MMAF Equipment Finance LLC |
| &nbsp;&nbsp; Series 2019-B, Class A5, 2.29%, 11/12/2041 <sup>(a)</sup> | 212359 | 210806 |
| &nbsp;&nbsp; Series 2025-A, Class A3, 4.82%, 08/13/2032 <sup>(a)</sup> | 2000000 | 2046838 |
|  Monroe Capital ABS Funding Ltd., Series 2021-1A, Class A2, 2.82%, 04/22/2031 <sup>(a)</sup> | 849041 | 840597 |
|  MOO Securitization Trust 2025-RM1, Series 2025-RM1, Class A1A, 4.50%, 12/25/2065 <sup>(a)(d)</sup> | 780000 | 759325 |
| Mosaic Solar Loans LLC | Mosaic Solar Loans LLC | Mosaic Solar Loans LLC |
| &nbsp;&nbsp; Series 2020-1A, Class A, 2.10%, 04/20/2046 <sup>(a)</sup> | 319610 | 283037 |
| &nbsp;&nbsp; Series 2020-2A, Class A, 1.44%, 08/20/2046 <sup>(a)</sup> | 359143 | 304718 |
| &nbsp;&nbsp; Series 2021-1A, Class B, 2.05%, 12/20/2046 <sup>(a)</sup> | 432261 | 348608 |
| &nbsp;&nbsp; Series 2021-3A, Class A, 1.44%, 06/20/2052 <sup>(a)</sup> | 932810 | 774598 |
| &nbsp;&nbsp; Series 2021-3A, Class C, 1.77%, 06/20/2052 <sup>(a)</sup> | 325750 | 197047 |
| &nbsp;&nbsp; Series 2022-3A, Class A, 6.10%, 06/20/2053 <sup>(a)</sup> | 701301 | 689626 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 6.12%, 08/22/2050 <sup>(a)</sup> | 567309 | 568359 |
|  Mountain View Funding CLO, Series 2015-9A, Class A1R, 5.29% (3 mo. Term SOFR + 1.38%), 07/15/2031 <sup>(a)</sup> | 35674 | 35675 |
|  Nassau CFO LLC, Series 2019-1, Class A, 3.98%, 08/15/2034 <sup>(a)</sup> | 329970 | 302831 |
|  Nassau Global Credit Ltd., Series 2024-1A, Class A1, 5.48% (3 mo. Term SOFR + 1.60%), 07/20/2037 <sup>(a)</sup> | 3000000 | 3004902 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2019-CA, Class A2, 3.13%, 02/15/2068 <sup>(a)</sup> | 32156 | 31834 |
| &nbsp;&nbsp; Series 2019-FA, Class A2, 2.60%, 08/15/2068 <sup>(a)</sup> | 1875439 | 1814929 |
| &nbsp;&nbsp; Series 2020-BA, Class A2, 2.12%, 01/15/2069 <sup>(a)</sup> | 73805 | 70881 |
| &nbsp;&nbsp; Series 2020-DA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 56280 | 53766 |
|  NextGear Floorplan Master Trust, Series 2025-2A, Class A2, 4.23%, 10/15/2030 <sup>(a)</sup> | 500000 | 500945 |
|  Nissan Auto Lease Trust, Series 2025-A, Class A3, 4.75%, 03/15/2028 | 800000 | 809741 |
|  North Mill Equipment Finance LLC, Series 2022-B, Class B, 7.12%, 06/15/2029 <sup>(a)</sup> | 1242983 | 1252812 |
| On Deck Capital, Inc. | On Deck Capital, Inc. | On Deck Capital, Inc. |
| &nbsp;&nbsp; Series 2024-2A, Class A, 4.98%, 10/17/2031 <sup>(a)</sup> | 1090000 | 1094524 |
| &nbsp;&nbsp; Series 2025-1A, Class C, 6.64%, 04/19/2032 <sup>(a)</sup> | 980000 | 985619 |
| &nbsp;&nbsp; Series 2025-2A, Class A, 4.84%, 11/17/2032 <sup>(a)</sup> | 1050000 | 1054394 |
| OneMain Direct Auto Receivables Trust | OneMain Direct Auto Receivables Trust | OneMain Direct Auto Receivables Trust |
| &nbsp;&nbsp; Series 2021-1A, Class B, 1.26%, 07/14/2028 <sup>(a)</sup> | 533935 | 533241 |
| &nbsp;&nbsp; Series 2021-1A, Class C, 1.42%, 07/14/2028 <sup>(a)</sup> | 500000 | 499355 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 5.36%, 04/16/2035 <sup>(a)</sup> | 1800000 | 1864235 |
| OneMain Financial Issuance Trust | OneMain Financial Issuance Trust | OneMain Financial Issuance Trust |
| &nbsp;&nbsp; Series 2020-2A, Class A, 1.75%, 09/14/2035 <sup>(a)</sup> | 460553 | 453343 |
| &nbsp;&nbsp; Series 2021-1A, Class A2, 4.74% (30 day avg SOFR US + 0.76%), 06/16/2036 <sup>(a)</sup> | 600000 | 600697 |
| &nbsp;&nbsp; Series 2023-2A, Class A1, 5.84%, 09/15/2036 <sup>(a)</sup> | 1200000 | 1223998 |
| &nbsp;&nbsp; Series 2023-2A, Class B, 6.17%, 09/15/2036 <sup>(a)</sup> | 1070000 | 1100101 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 4.82%, 07/14/2038 <sup>(a)</sup> | 2100000 | 2122646 |
| Oportun Financial Corp. | Oportun Financial Corp. | Oportun Financial Corp. |
| &nbsp;&nbsp; Series 2021-B, Class C, 3.65%, 05/08/2031 <sup>(a)</sup> | 253254 | 250956 |
| &nbsp;&nbsp; Series 2025-B, Class D, 6.45%, 05/09/2033 <sup>(a)</sup> | 2100000 | 2096550 |
| Oxford Finance Funding Trust | Oxford Finance Funding Trust | Oxford Finance Funding Trust |
| &nbsp;&nbsp; Series 2023-1A, Class A2, 6.72%, 02/15/2031 <sup>(a)</sup> | 2028152 | 2047961 |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 5.41%, 02/15/2035 <sup>(a)</sup> | 550000 | 551640 |
|  Pennsylvania Higher Education Assistance Agency, Series 2021-1A, Class A, 4.52% (30 day avg SOFR US + 0.64%), 05/25/2070 <sup>(a)</sup> | 190101 | 186693 |
|  PHH Arval, Series 2024-1A, Class A1, 5.52%, 05/15/2036 <sup>(a)</sup> | 256999 | 259409 |
|  QTS Issuer ABS I LLC, Series 2025-1A, Class A2, 5.44%, 05/25/2055 <sup>(a)</sup> | 1760000 | 1771967 |
|  Rad CLO, Series 2024-23A, Class A1, 5.48% (3 mo. Term SOFR + 1.60%), 04/20/2037 <sup>(a)</sup> | 2500000 | 2506127 |
| RCKT Mortgage Trust | RCKT Mortgage Trust | RCKT Mortgage Trust |
| &nbsp;&nbsp; Series 2024-CES3, Class A1A, 6.59%, 05/25/2044 <sup>(a)(d)</sup> | 674062 | 684074 |
| &nbsp;&nbsp; Series 2025-CES1, Class A1A, 5.65%, 01/25/2045 <sup>(a)(c)</sup> | 467712 | 480586 |
| &nbsp;&nbsp; Series 2025-CES6, Class A1A, 5.47%, 06/25/2055 <sup>(a)(c)</sup> | 1066408 | 1077076 |
|  RCKT Mortgage Trust 2024-CES4, Series 2024-CES5, Class A1A, 5.85%, 08/25/2044 <sup>(a)(c)</sup> | 165574 | 167198 |
|  ReadyCap Commercial LLC, Series 2019-2, Class A, 6.25% (Prime Rate + (0.50%)), 12/27/2044 <sup>(a)</sup> | 27056 | 27037 |
|  Regatta Funding Ltd., Series 2024-2A, Class A1, 5.41% (3 mo. Term SOFR + 1.55%), 04/25/2037 <sup>(a)</sup> | 3000000 | 3006000 |
|  Regional Management Corp., Series 2025-2, Class A, 4.59%, 11/16/2037 <sup>(a)</sup> | 1480000 | 1477546 |
|  Renew, Series 2018-1, Class A, 3.95%, 09/20/2053 <sup>(a)</sup> | 118569 | 111506 |
|  Renew Financial, Series 2021-1, Class A, 2.06%, 11/20/2056 <sup>(a)</sup> | 496436 | 401095 |
|  Republic Finance Issuance Trust, Series 2024-B, Class B, 5.86%, 11/20/2037 <sup>(a)</sup> | 1380000 | 1413237 |
|  ROMARK CLO LLC, Series 2018-1A, Class A1, 5.18% (3 mo. Term SOFR + 1.29%), 04/20/2031 <sup>(a)</sup> | 388500 | 388519 |
|  Sabey Data Center Issuer LLC, Series 2022-1, Class A2, 5.00%, 06/20/2047 <sup>(a)</sup> | 600000 | 594636 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2023-4, Class C, 6.04%, 12/15/2031 | 600000 | 615117 |
| &nbsp;&nbsp; Series 2023-5, Class C, 6.43%, 02/18/2031 | 900000 | 933064 |
| &nbsp;&nbsp; Series 2023-6, Class B, 5.98%, 04/16/2029 | 300000 | 304061 |
| &nbsp;&nbsp; Series 2023-6, Class C, 6.40%, 03/17/2031 | 100000 | 103537 |
| &nbsp;&nbsp; Series 2024-2, Class C, 5.84%, 06/17/2030 | 500000 | 512076 |
| &nbsp;&nbsp; Series 2024-3, Class C, 5.64%, 08/15/2030 | 1500000 | 1528912 |
| &nbsp;&nbsp; Series 2024-4, Class C, 4.95%, 04/15/2030 | 800000 | 808407 |
| &nbsp;&nbsp; Series 2025-3, Class C, 4.68%, 09/15/2031 | 900000 | 905494 |
|  Santander Consumer USA, Inc., Series 2023-1, Class C, 5.09%, 05/15/2030 | 176444 | 177588 |
|  SBA Tower Trust, Series 2022-1, 6.60%, 01/15/2028 <sup>(a)</sup> | 1000000 | 1023971 |
|  SCF Equipment Leasing LLC, Series 2025-1A, Class A3, 5.11%, 11/21/2033 <sup>(a)</sup> | 1560000 | 1594259 |
| SFS Auto Receivables Securitization Trust | SFS Auto Receivables Securitization Trust | SFS Auto Receivables Securitization Trust |
| &nbsp;&nbsp; Series 2023-1A, Class B, 5.71%, 01/22/2030 <sup>(a)</sup> | 100000 | 102406 |
| &nbsp;&nbsp; Series 2023-1A, Class C, 5.97%, 02/20/2031 <sup>(a)</sup> | 100000 | 102852 |
|  SMB Private Education Loan Trust, Series 2017-A, Class B, 3.50%, 06/17/2041 <sup>(a)</sup> | 1617278 | 1607422 |
| SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC |
| &nbsp;&nbsp; Series 2019-A, Class A2FX, 3.69%, 06/15/2048 <sup>(a)</sup> | 19571 | 19473 |
| &nbsp;&nbsp; Series 2019-C, Class A2FX, 2.37%, 11/16/2048 <sup>(a)</sup> | 60675 | 58855 |
| &nbsp;&nbsp; Series 2020-A, Class A2FX, 2.54%, 05/15/2046 <sup>(a)</sup> | 115375 | 111622 |
| &nbsp;&nbsp; Series 2020-C, Class AFX, 1.95%, 02/15/2046 <sup>(a)</sup> | 67759 | 63891 |
|  Stack Infrastructure Issuer LLC, Series 2023-3A, Class A2, 5.90%, 10/25/2048 <sup>(a)</sup> | 1270000 | 1281148 |
|  Structured Asset Investment Loan Trust, Series 2004-8, Class M1, 4.75% (1 mo. Term SOFR + 1.01%), 09/25/2034 | 5778 | 5572 |
| Sunnova Energy International, Inc. | Sunnova Energy International, Inc. | Sunnova Energy International, Inc. |
| &nbsp;&nbsp; Series 2023-B, Class A, 5.30%, 08/22/2050 <sup>(a)</sup> | 844853 | 781930 |
| &nbsp;&nbsp; Series 2023-GRID1, Class 1A, 5.75%, 12/20/2050 <sup>(a)</sup> | 825290 | 825575 |
| Sunrun, Inc. | Sunrun, Inc. | Sunrun, Inc. |
| &nbsp;&nbsp; Series 2018-1, Class A, 5.31%, 04/30/2049 <sup>(a)</sup> | 189522 | 184411 |
| &nbsp;&nbsp; Series 2019-1A, Class A, 3.98%, 06/30/2054 <sup>(a)</sup> | 254711 | 243138 |
| &nbsp;&nbsp; Series 2021-2A, Class A, 2.27%, 01/30/2057 <sup>(a)</sup> | 1012246 | 922849 |
| &nbsp;&nbsp; Series 2022-1A, Class A, 4.75%, 07/30/2057 <sup>(a)</sup> | 887934 | 859165 |
| &nbsp;&nbsp; Series 2023-2A, Class A1, 6.60%, 01/30/2059 <sup>(a)</sup> | 1213385 | 1228296 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 6.27%, 02/01/2055 <sup>(a)</sup> | 459483 | 454228 |
|  Switch ABS Issuer LLC, Series 2025-1A, Class A2, 5.04%, 03/25/2055 <sup>(a)</sup> | 1000000 | 983765 |
|  Switch Ltd., Series 2025-2A, Class A21, 5.12%, 10/25/2055 <sup>(a)</sup> | 730000 | 728943 |
|  Symphony CLO Ltd., Series 2012-9A, Class CR3, 6.66% (3 mo. Term SOFR + 2.76%), 07/16/2032 <sup>(a)</sup> | 1840000 | 1846469 |
|  TCW CLO Ltd., Series 2019-2A, Class A1R2, 5.15% (3 mo. Term SOFR + 1.27%), 01/20/2038 <sup>(a)</sup> | 3250000 | 3254872 |
| Tesla Auto Lease Trust | Tesla Auto Lease Trust | Tesla Auto Lease Trust |
| &nbsp;&nbsp; Series 2023-B, Class B, 6.57%, 08/20/2027 <sup>(a)</sup> | 1090000 | 1092807 |
| &nbsp;&nbsp; Series 2024-A, Class A3, 5.30%, 06/21/2027 <sup>(a)</sup> | 618147 | 620154 |
|  Tesla Electric Vehicle Trust, Series 2023-1, Class A3, 5.38%, 06/20/2028 <sup>(a)</sup> | 1108289 | 1116634 |
|  Texas Debt Capital CLO Ltd., Series 2025-1A, Class A1, 5.01% (3 mo. Term SOFR + 1.14%), 04/24/2038 <sup>(a)</sup> | 2500000 | 2492375 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2018-5, Class M1, 3.25%, 07/25/2058 <sup>(a)(d)</sup> | 2385000 | 2039215 |
| &nbsp;&nbsp; Series 2020-4, Class A1, 1.75%, 10/25/2060 <sup>(a)</sup> | 94775 | 86840 |
| &nbsp;&nbsp; Series 2021-SJ1, Class A1, 2.25%, 07/25/2068 <sup>(a)(d)</sup> | 171320 | 166563 |
| &nbsp;&nbsp; Series 2021-SJ2, Class A1A, 2.25%, 12/25/2061 <sup>(a)(d)</sup> | 243600 | 237824 |
| &nbsp;&nbsp; Series 2024-CES3, Class A1, 6.29%, 05/25/2064 <sup>(a)(d)</sup> | 369517 | 376908 |
|  Toyota Auto Loan Extended Note Trust, Series 2025-1A, Class A, 4.65%, 05/25/2038 <sup>(a)</sup> | 1200000 | 1226156 |
|  Trinity Industries Leasing Co., Series 2025-1A, Class A, 5.09%, 10/19/2055 <sup>(a)</sup> | 745397 | 741034 |
|  United Airlines 2019-1 Class AA Pass Through Trust, Series 2019-1, 4.15%, 08/25/2031 | 634459 | 622969 |
|  Uniti Group LP, Series 2025-1A, Class A2, 5.88%, 04/20/2055 <sup>(a)</sup> | 1460000 | 1485205 |
|  Vantage Data Centers Guarantor LLC, Series 2025-2A, Class A2, 5.24%, 11/15/2055 <sup>(a)</sup> | 1200000 | 1188471 |
|  VCP RRL ABS, Series 2021-1A, Class A, 2.15%, 10/20/2031 <sup>(a)</sup> | 271215 | 267626 |
|  Verizon Master Trust, Series 2025-9, Class A1A, 3.96%, 10/21/2030 | 365000 | 365959 |
| Vivant Solar Financing V Parent LLC | Vivant Solar Financing V Parent LLC | Vivant Solar Financing V Parent LLC |
| &nbsp;&nbsp; Series 2018-1A, Class A, 4.73%, 04/30/2048 <sup>(a)</sup> | 200461 | 193117 |
| &nbsp;&nbsp; Series 2018-1A, Class B, 7.37%, 04/30/2048 <sup>(a)</sup> | 219392 | 214402 |
|  Voya CLO Ltd., Series 2019-3A, Class AR, 5.22% (3 mo. Term SOFR + 1.34%), 10/17/2032 <sup>(a)</sup> | 1936960 | 1940566 |
|  Westlake Automobile Receivables Trust, Series 2025-2A, Class B, 4.63%, 01/15/2031 <sup>(a)</sup> | 600000 | 603375 |
| Wheels Fleet Lease Funding 1 LLC | Wheels Fleet Lease Funding 1 LLC | Wheels Fleet Lease Funding 1 LLC |
| &nbsp;&nbsp; Series 2023-1A, Class A, 5.80%, 04/18/2038 <sup>(a)</sup> | 335727 | 337869 |
| &nbsp;&nbsp; Series 2025-2A, Class A1, 4.41%, 05/18/2040 <sup>(a)</sup> | 1300000 | 1310098 |
| &nbsp;&nbsp; Series 2025-3A, Class A1, 4.08%, 09/18/2040 <sup>(a)</sup> | 2553000 | 2559613 |
| Zayo Group LLC | Zayo Group LLC | Zayo Group LLC |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 5.65%, 03/20/2055 <sup>(a)</sup> | 1190000 | 1211483 |
| &nbsp;&nbsp; Series 2025-2A, Class B, 6.59%, 06/20/2055 <sup>(a)</sup> | 930000 | 959240 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $231,352,496) | **TOTAL ASSET-BACKED SECURITIES** (Cost $231,352,496) | **231869766** |
| **U.S. GOVERNMENT OBLIGATIONS - 11.0%** | **U.S. GOVERNMENT OBLIGATIONS - 11.0%** | **U.S. GOVERNMENT OBLIGATIONS - 11.0%** |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| &nbsp;&nbsp; 1.88%, 02/15/2041 | 350000 | 244508 |
| &nbsp;&nbsp; 2.25%, 05/15/2041 | 500000 | 367754 |
| &nbsp;&nbsp; 2.38%, 02/15/2042 | 3825000 | 2815559 |
| &nbsp;&nbsp; 3.25%, 05/15/2042 | 8055000 | 6717744 |
| &nbsp;&nbsp; 2.75%, 11/15/2042 | 75000 | 57633 |
| &nbsp;&nbsp; 3.88%, 02/15/2043 | 455000 | 409322 |
| &nbsp;&nbsp; 3.88%, 05/15/2043 | 2500000 | 2242676 |
| &nbsp;&nbsp; 4.38%, 08/15/2043 | 2265000 | 2163517 |
| &nbsp;&nbsp; 4.75%, 11/15/2043 <sup>(h)</sup> | 6475000 | 6475759 |
| &nbsp;&nbsp; 4.13%, 08/15/2044 | 54000 | 49560 |
| &nbsp;&nbsp; 4.63%, 11/15/2044 | 3110000 | 3047557 |
| &nbsp;&nbsp; 5.00%, 05/15/2045 | 6340000 | 6508406 |
| &nbsp;&nbsp; 4.88%, 08/15/2045 | 621000 | 627016 |
| &nbsp;&nbsp; 4.63%, 11/15/2045 | 31114000 | 30404212 |
| &nbsp;&nbsp; 2.38%, 11/15/2049 | 5740000 | 3686829 |
| &nbsp;&nbsp; 2.00%, 02/15/2050 | 2990000 | 1752654 |
| &nbsp;&nbsp; 1.63%, 11/15/2050 | 6130000 | 3218250 |
| &nbsp;&nbsp; 1.88%, 02/15/2051 | 11725000 | 6552260 |
| &nbsp;&nbsp; 2.00%, 08/15/2051 | 62000 | 35517 |
| &nbsp;&nbsp; 1.88%, 11/15/2051 | 3215000 | 1777041 |
| &nbsp;&nbsp; 3.63%, 02/15/2053 | 92000 | 74484 |
| &nbsp;&nbsp; 3.63%, 05/15/2053 | 17080000 | 13816786 |
| &nbsp;&nbsp; 4.63%, 05/15/2054 | 78000 | 75121 |
| &nbsp;&nbsp; 4.25%, 08/15/2054 | 3999000 | 3615658 |
| &nbsp;&nbsp; 4.50%, 11/15/2054 | 304000 | 286734 |
| &nbsp;&nbsp; 4.63%, 02/15/2055 | 603000 | 580835 |
| &nbsp;&nbsp; 4.75%, 05/15/2055 | 237000 | 232889 |
| &nbsp;&nbsp; 4.75%, 08/15/2055 | 9876800 | 9710129 |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| &nbsp;&nbsp; 4.25%, 12/31/2026 | 120000 | 120837 |
| &nbsp;&nbsp; 3.50%, 09/30/2027 | 235000 | 235046 |
| &nbsp;&nbsp; 0.50%, 10/31/2027 | 2755000 | 2610470 |
| &nbsp;&nbsp; 3.38%, 11/30/2027 | 6628000 | 6615314 |
| &nbsp;&nbsp; 3.38%, 12/31/2027 | 2128000 | 2123844 |
| &nbsp;&nbsp; 4.00%, 06/30/2028 | 125000 | 126465 |
| &nbsp;&nbsp; 1.13%, 08/31/2028 | 1000000 | 939414 |
| &nbsp;&nbsp; 3.50%, 10/15/2028 | 1410000 | 1408568 |
| &nbsp;&nbsp; 3.50%, 12/15/2028 | 2993000 | 2989493 |
| &nbsp;&nbsp; 4.00%, 01/31/2029 | 52000 | 52662 |
| &nbsp;&nbsp; 4.50%, 05/31/2029 | 48400 | 49791 |
| &nbsp;&nbsp; 4.25%, 01/31/2030 | 97000 | 99156 |
| &nbsp;&nbsp; 3.75%, 05/31/2030 | 41000 | 41101 |
| &nbsp;&nbsp; 3.88%, 07/31/2030 | 104000 | 104768 |
| &nbsp;&nbsp; 3.63%, 09/30/2030 | 4575000 | 4557308 |
| &nbsp;&nbsp; 3.63%, 10/31/2030 | 173000 | 172270 |
| &nbsp;&nbsp; 3.50%, 11/30/2030 | 263000 | 260349 |
| &nbsp;&nbsp; 4.38%, 11/30/2030 | 72000 | 74073 |
| &nbsp;&nbsp; 3.63%, 12/31/2030 | 3349000 | 3333040 |
| &nbsp;&nbsp; 3.75%, 12/31/2030 | 125000 | 125063 |
| &nbsp;&nbsp; 4.13%, 10/31/2031 | 120000 | 121847 |
| &nbsp;&nbsp; 4.50%, 12/31/2031 | 145000 | 150052 |
| &nbsp;&nbsp; 1.88%, 02/15/2032 | 177000 | 157855 |
| &nbsp;&nbsp; 2.88%, 05/15/2032 | 67000 | 63174 |
| &nbsp;&nbsp; 4.00%, 07/31/2032 | 40000 | 40209 |
| &nbsp;&nbsp; 2.75%, 08/15/2032 | 212000 | 197615 |
| &nbsp;&nbsp; 3.88%, 09/30/2032 | 9845000 | 9814619 |
| &nbsp;&nbsp; 3.75%, 10/31/2032 | 950000 | 939461 |
| &nbsp;&nbsp; 3.75%, 11/30/2032 | 1345000 | 1329448 |
| &nbsp;&nbsp; 3.88%, 12/31/2032 | 10123000 | 10078712 |
| &nbsp;&nbsp; 3.38%, 05/15/2033 | 183000 | 175930 |
| &nbsp;&nbsp; 3.88%, 08/15/2033 | 32000 | 31734 |
| &nbsp;&nbsp; 4.00%, 02/15/2034 | 160000 | 159500 |
| &nbsp;&nbsp; 4.38%, 05/15/2034 | 237000 | 242194 |
| &nbsp;&nbsp; 4.25%, 11/15/2034 | 65000 | 65683 |
| &nbsp;&nbsp; 4.63%, 02/15/2035 | 173000 | 179575 |
| &nbsp;&nbsp; 4.25%, 08/15/2035 | 797000 | 802728 |
| &nbsp;&nbsp; 4.00%, 11/15/2035 | 12003000 | 11830457 |
| U.S. Treasury STRIP Coupon | U.S. Treasury STRIP Coupon | U.S. Treasury STRIP Coupon |
| &nbsp;&nbsp; Zero Coupon, 11/15/2040 <sup>(g)</sup> | 305000 | 148793 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2041 <sup>(g)(h)</sup> | 6840000 | 3243437 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2041 <sup>(g)</sup> | 440000 | 202154 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2042 <sup>(g)</sup> | 1090000 | 493340 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2042 <sup>(g)</sup> | 80000 | 35651 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2042 <sup>(g)</sup> | 935000 | 405073 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2043 <sup>(g)</sup> | 1975000 | 830359 |
| &nbsp;&nbsp; Zero Coupon, 08/15/2043 <sup>(g)</sup> | 480000 | 198632 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2043 <sup>(g)</sup> | 270000 | 110083 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2044 <sup>(g)</sup> | 1020000 | 409647 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2044 <sup>(g)</sup> | 205000 | 81163 |
| &nbsp;&nbsp; Zero Coupon, 08/15/2044 <sup>(g)</sup> | 975000 | 380422 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2044 <sup>(g)</sup> | 490000 | 188668 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2045 <sup>(g)</sup> | 1265000 | 481481 |
| &nbsp;&nbsp; Zero Coupon, 11/15/2045 <sup>(g)</sup> | 560000 | 204138 |
| &nbsp;&nbsp; Zero Coupon, 02/15/2046 <sup>(g)</sup> | 405000 | 145773 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2046 <sup>(g)</sup> | 235000 | 83495 |
| &nbsp;&nbsp; Zero Coupon, 05/15/2050 <sup>(g)</sup> | 185000 | 53347 |
| **TOTAL U.S. GOVERNMENT OBLIGATIONS** (Cost $183,459,142) | **TOTAL U.S. GOVERNMENT OBLIGATIONS** (Cost $183,459,142) | **177661891** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES - 7.8%** |
|  Alen Mortgage Trust, Series 2021-ACEN, Class C, 6.12% (1 mo. Term SOFR + 2.36%), 04/15/2034 <sup>(a)</sup> | 500000 | 431096 |
| Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC |
| &nbsp;&nbsp; Series 2021-8, Class A3, 2.84%, 11/25/2066 <sup>(a)(d)</sup> | 100000 | 74100 |
| &nbsp;&nbsp; Series 2025-13, Class M1, 5.74%, 10/25/2070 <sup>(a)(d)</sup> | 100000 | 100014 |
|  ATLXM Trust, Series 2024-RPL2, Class A1, 3.85%, 04/25/2063 <sup>(a)(c)</sup> | 1084144 | 1053209 |
|  BAHA Trust, Series 2024-MAR, Class A, 5.97%, 12/10/2041 <sup>(a)(d)</sup> | 1320000 | 1366238 |
|  BANK-2018, Series 2018-BN15, Class A3, 4.14%, 11/15/2061 | 549113 | 548562 |
| BANK-2020 | BANK-2020 | BANK-2020 |
| &nbsp;&nbsp; Series 2020-BN28, Class A3, 1.58%, 03/15/2063 | 1162000 | 1036566 |
| &nbsp;&nbsp; Series 2020-BN29, Class A3, 1.74%, 11/15/2053 | 491157 | 437833 |
|  BANK5 Trust, Series 2025-5YR17, Class A3, 5.23%, 11/15/2058 | 1480000 | 1525887 |
| BBCMS Trust | BBCMS Trust | BBCMS Trust |
| &nbsp;&nbsp; Series 2023-5C23, Class A3, 6.68%, 12/15/2056 <sup>(d)</sup> | 1900000 | 2012744 |
| &nbsp;&nbsp; Series 2023-C21, Class A2, 6.30%, 09/15/2056 <sup>(d)</sup> | 758217 | 795471 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp; Series 2018-B4, Class A3, 3.89%, 07/15/2051 | 500000 | 496887 |
| &nbsp;&nbsp; Series 2019-B10, Class 3CCA, 3.90%, 03/15/2062 <sup>(a)(d)</sup> | 250000 | 192749 |
| &nbsp;&nbsp; Series 2019-B10, Class A3, 3.46%, 03/15/2062 | 837631 | 818021 |
| &nbsp;&nbsp; Series 2020-B19, Class A4, 1.55%, 09/15/2053 | 1325000 | 1202193 |
| &nbsp;&nbsp; Series 2020-B20, Class A4, 1.75%, 10/15/2053 | 1300000 | 1178101 |
| &nbsp;&nbsp; Series 2020-B21, Class A4, 1.70%, 12/17/2053 | 800000 | 719122 |
| &nbsp;&nbsp; Series 2020-IG3, Class A2, 2.48%, 09/15/2048 <sup>(a)</sup> | 486555 | 478427 |
| &nbsp;&nbsp; Series 2021-B24, Class A3, 2.01%, 03/15/2054 | 550000 | 499203 |
| &nbsp;&nbsp; Series 2021-B24, Class A4, 2.26%, 03/15/2054 | 600000 | 542223 |
| &nbsp;&nbsp; Series 2021-B25, Class A3, 1.91%, 04/15/2054 | 1200000 | 1099922 |
| &nbsp;&nbsp; Series 2021-B30, Class A4, 2.33%, 11/15/2054 | 3000000 | 2664635 |
| &nbsp;&nbsp; Series 2021-B31, Class A4, 2.42%, 12/15/2054 | 1500000 | 1332007 |
| &nbsp;&nbsp; Series 2025-V17, Class A3, 5.07%, 09/15/2058 | 1900000 | 1946724 |
|  Blue Owl Real Estate Capital LLC, Series 2023-NLP, Class A, 6.09%, 03/15/2040 <sup>(a)(d)</sup> | 1400000 | 1387380 |
| BMO Mortgage Trust | BMO Mortgage Trust | BMO Mortgage Trust |
| &nbsp;&nbsp; Series 2022-C1, Class 360B, 3.94%, 02/17/2055 <sup>(a)(d)</sup> | 1000000 | 858697 |
| &nbsp;&nbsp; Series 2022-C3, Class A5, 5.31%, 09/15/2054 | 1000000 | 1027971 |
| &nbsp;&nbsp; Series 2023-5C1, Class A3, 6.53%, 08/15/2056 <sup>(d)</sup> | 1650000 | 1727502 |
| &nbsp;&nbsp; Series 2023-5C2, Class A3, 7.05%, 11/15/2056 <sup>(d)</sup> | 2100000 | 2243912 |
| &nbsp;&nbsp; Series 2024-5C7, Class A3, 5.57%, 11/15/2057 <sup>(d)</sup> | 2100000 | 2180775 |
|  BRAVO Residential Funding Trust, Series 2024-CES1, Class A1A, 6.38%, 04/25/2054 <sup>(a)(c)</sup> | 642724 | 652607 |
|  BX Trust, Series 2022-AHP, Class C, 5.84% (1 mo. Term SOFR + 2.09%), 01/17/2039 <sup>(a)</sup> | 1600000 | 1598541 |
| Cantor Commercial Real Estate Lending LP | Cantor Commercial Real Estate Lending LP | Cantor Commercial Real Estate Lending LP |
| &nbsp;&nbsp; Series 2019-CF3, Class A3, 2.75%, 01/15/2053 | 800000 | 751557 |
| &nbsp;&nbsp; Series 2020-P1, Class A1, 2.84%, 04/15/2052 <sup>(a)(d)</sup> | 813000 | 796647 |
|  Capital Automotive LLC, Series 2024-3A, Class A1, 4.40%, 10/15/2054 <sup>(a)</sup> | 2039650 | 1988711 |
|  Capital Automotive REIT, Series 2022-1A, Class A1, 3.35%, 03/15/2052 <sup>(a)</sup> | 1057050 | 1012142 |
| Century Plaza Towers | Century Plaza Towers | Century Plaza Towers |
| &nbsp;&nbsp; Series 2019-CPT, Class A, 2.87%, 11/13/2039 <sup>(a)</sup> | 485000 | 450201 |
| &nbsp;&nbsp; Series 2019-CPT, Class E, 3.00%, 11/13/2039 <sup>(a)(d)</sup> | 350000 | 292141 |
| CF Hippolyta Issuer LLC | CF Hippolyta Issuer LLC | CF Hippolyta Issuer LLC |
| &nbsp;&nbsp; Series 2020-1, Class B1, 2.28%, 07/15/2060 <sup>(a)</sup> | 350786 | 218707 |
| &nbsp;&nbsp; Series 2022-1A, Class A1, 5.97%, 08/15/2062 <sup>(a)</sup> | 482800 | 474935 |
|  CHI Commercial Mortgage Trust, Series 2025-SFT, Class A, 5.48%, 04/15/2042 <sup>(a)(d)</sup> | 2000000 | 2049738 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-GC37, Class A4, 3.31%, 04/10/2049 | 705457 | 704601 |
| &nbsp;&nbsp; Series 2016-P3, Class A3, 3.06%, 04/15/2049 | 357604 | 356975 |
| &nbsp;&nbsp; Series 2016-P4, Class A3, 2.65%, 07/10/2049 | 114286 | 113612 |
| &nbsp;&nbsp; Series 2018-C6, Class A3, 4.15%, 11/10/2051 | 837000 | 830166 |
| &nbsp;&nbsp; Series 2019-C7, Class A3, 2.86%, 12/15/2072 | 293464 | 278705 |
| Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-CD2, Class B, 3.88%, 11/10/2049 <sup>(d)</sup> | 500000 | 404358 |
| &nbsp;&nbsp; Series 2019-CD8, Class A3, 2.66%, 08/15/2057 | 858920 | 816403 |
|  CMFT Net Lease Master Issuer LLC, Series 2021-1, Class A2, 2.57%, 07/20/2051 <sup>(a)</sup> | 2394262 | 2055633 |
| Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates |
| &nbsp;&nbsp; Series 2013-LC13, Class D, 5.37%, 08/10/2046 <sup>(a)(d)</sup> | 479082 | 447941 |
| &nbsp;&nbsp; Series 2022-HC, Class B, 3.17%, 01/10/2039 <sup>(a)</sup> | 1000000 | 957750 |
|  Computershare Corporate Trust, Series 2024-SVEN, Class A, 6.01%, 06/10/2037 <sup>(a)</sup> | 1000000 | 1038752 |
|  CRSO TR 2023-BRND A 20400712 FLT, Series 2023-BRND, 7.12%, 07/12/2040 <sup>(a)</sup> | 1000000 | 1038552 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2018-C14, Class A3, 4.15%, 11/15/2051 | 665234 | 658580 |
| &nbsp;&nbsp; Series 2021-C20, Class A2, 2.49%, 03/15/2054 | 1153597 | 1073802 |
|  DC Commercial Mortgage Trust, Series 2023-DC, Class B, 6.80%, 09/12/2040 <sup>(a)</sup> | 890000 | 917135 |
|  Ellington Financial Mortgage Trust, Series 2023-1, Class M1, 6.69%, 02/25/2068 <sup>(a)(d)</sup> | 150000 | 150317 |
| Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities |
| &nbsp;&nbsp; Series 2022-R05, Class 2M2, 6.87% (30 day avg SOFR US + 3.00%), 04/25/2042 <sup>(a)</sup> | 120000 | 122650 |
| &nbsp;&nbsp; Series 2022-R06, Class 1M2, 7.72% (30 day avg SOFR US + 3.85%), 05/25/2042 <sup>(a)</sup> | 625000 | 647589 |
| &nbsp;&nbsp; Series 2022-R07, Class 1M2, 8.52% (30 day avg SOFR US + 4.65%), 06/25/2042 <sup>(a)</sup> | 505000 | 530651 |
| &nbsp;&nbsp; Series 2022-R08, Class 1M2, 7.47% (30 day avg SOFR US + 3.60%), 07/25/2042 <sup>(a)</sup> | 160000 | 165391 |
| &nbsp;&nbsp; Series 2022-R09, Class 2M2, 8.62% (30 day avg SOFR US + 4.75%), 09/25/2042 <sup>(a)</sup> | 245000 | 259783 |
| &nbsp;&nbsp; Series 2023-R01, Class 1M2, 7.62% (30 day avg SOFR US + 3.75%), 12/25/2042 <sup>(a)</sup> | 1260000 | 1316017 |
| &nbsp;&nbsp; Series 2023-R02, Class 1M2, 7.22% (30 day avg SOFR US + 3.35%), 01/25/2043 <sup>(a)</sup> | 100000 | 103645 |
| &nbsp;&nbsp; Series 2023-R05, Class 1M2, 6.97% (30 day avg SOFR US + 3.10%), 06/25/2043 <sup>(a)</sup> | 1150000 | 1192599 |
| &nbsp;&nbsp; Series 2023-R06, Class 1M2, 6.57% (30 day avg SOFR US + 2.70%), 07/25/2043 <sup>(a)</sup> | 715000 | 734805 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series 2021-P011, Class A1, 1.20%, 09/25/2031 | 448359 | 417848 |
| &nbsp;&nbsp; Series 2022-P013, Class A2, 2.76%, 02/25/2032 <sup>(d)</sup> | 1000000 | 920891 |
| &nbsp;&nbsp; Series 2024-P016, Class A2, 4.61%, 09/25/2033 <sup>(d)</sup> | 1000000 | 1010668 |
| &nbsp;&nbsp; Series 405, Class C20, 4.00%, 05/25/2053 <sup>(f)</sup> | 1214620 | 259225 |
| &nbsp;&nbsp; Series 4748, Class Z, 4.00%, 11/15/2047 | 103264 | 98808 |
| &nbsp;&nbsp; Series 4776, Class WZ, 4.00%, 03/15/2048 | 322947 | 308751 |
| &nbsp;&nbsp; Series 4783, Class Z, 4.00%, 04/15/2048 | 279643 | 266365 |
| &nbsp;&nbsp; Series 4835, Class AS, 3.28% (-2 x 30 day avg SOFR US + 9.66%), 10/15/2048 <sup>(j)</sup> | 55550 | 49114 |
| &nbsp;&nbsp; Series 4978, Class MI, 4.00%, 05/25/2040 <sup>(f)</sup> | 458657 | 68383 |
| &nbsp;&nbsp; Series 5017, Class VZ, 2.00%, 09/25/2050 <sup>(k)</sup> | 317052 | 218143 |
| &nbsp;&nbsp; Series 5021, Class SB, 0.00% (-1 x 30 day avg SOFR US + 3.55%), 10/25/2050 <sup>(f)(g)(j)</sup> | 802060 | 22836 |
| &nbsp;&nbsp; Series 5160, Class ZG, 3.00%, 09/25/2050 <sup>(k)</sup> | 74759 | 55273 |
| &nbsp;&nbsp; Series 5296, Class T, 5.00%, 11/25/2052 | 744987 | 748126 |
| &nbsp;&nbsp; Series 5560, Class FA, 5.80% (30 day avg SOFR US + 1.93%), 06/25/2055 | 1703655 | 1726260 |
| &nbsp;&nbsp; Series K-157, Class A2, 4.20%, 05/25/2033 | 2000000 | 1980580 |
| &nbsp;&nbsp; Series K-170, Class A2, 5.00%, 02/25/2035 <sup>(d)</sup> | 2000000 | 2074571 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Series 2018-M8, Class A2, 3.31%, 06/25/2028 <sup>(d)</sup> | 393973 | 389587 |
| &nbsp;&nbsp; Series 2019-M21, Class 3A1, 2.10%, 06/25/2034 | 44228 | 43842 |
| &nbsp;&nbsp; Series 2020-101, Class AI, 3.50%, 01/25/2051 <sup>(f)</sup> | 1320812 | 249964 |
| &nbsp;&nbsp; Series 2020-24, Class SP, 2.06% (-1 x 30 day avg SOFR US + 5.94%), 04/25/2050 <sup>(f)(j)</sup> | 207354 | 27748 |
| &nbsp;&nbsp; Series 2020-56, Class LI, 2.00%, 08/25/2050 <sup>(f)</sup> | 289589 | 36243 |
| &nbsp;&nbsp; Series 2020-75, Class LI, 2.50%, 11/25/2050 <sup>(f)</sup> | 443643 | 60905 |
| &nbsp;&nbsp; Series 2021-17, Class EA, 1.50%, 04/25/2051 | 3224615 | 2726147 |
| &nbsp;&nbsp; Series 2021-76, Class IY, 2.50%, 11/25/2051 <sup>(f)</sup> | 195642 | 21308 |
| &nbsp;&nbsp; Series 2022-18, Class DZ, 3.50%, 04/25/2052 <sup>(k)</sup> | 632719 | 493393 |
| &nbsp;&nbsp; Series 2022-51, Class PS, 2.08% (-1 x 30 day avg SOFR US + 5.95%), 08/25/2052 <sup>(f)(j)</sup> | 503990 | 48776 |
| Flagstar Mortgage Trust | Flagstar Mortgage Trust | Flagstar Mortgage Trust |
| &nbsp;&nbsp; Series 2018-2, Class B4, 4.00%, 04/25/2048 <sup>(a)(d)</sup> | 119877 | 110892 |
| &nbsp;&nbsp; Series 2021-12, Class B3, 2.96%, 11/25/2051 <sup>(a)(d)</sup> | 134986 | 110112 |
| &nbsp;&nbsp; Series 2021-4, Class A21, 2.50%, 06/01/2051 <sup>(a)(d)</sup> | 181028 | 149747 |
| &nbsp;&nbsp; Series 2021-7, Class B3, 2.92%, 08/25/2051 <sup>(a)(d)</sup> | 133775 | 110737 |
| Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes |
| &nbsp;&nbsp; Series 2021-DNA5, Class M2, 5.52% (30 day avg SOFR US + 1.65%), 01/25/2034 <sup>(a)</sup> | 14063 | 14102 |
| &nbsp;&nbsp; Series 2022-DNA4, Class M1B, 7.22% (30 day avg SOFR US + 3.35%), 05/25/2042 <sup>(a)</sup> | 225000 | 232173 |
| &nbsp;&nbsp; Series 2022-DNA5, Class M1B, 8.37% (30 day avg SOFR US + 4.50%), 06/25/2042 <sup>(a)</sup> | 535000 | 562768 |
| &nbsp;&nbsp; Series 2022-DNA6, Class M2, 9.62% (30 day avg SOFR US + 5.75%), 09/25/2042 <sup>(a)</sup> | 400000 | 430940 |
| &nbsp;&nbsp; Series 2023-HQA1, Class M1B, 7.37% (30 day avg SOFR US + 3.50%), 05/25/2043 <sup>(a)</sup> | 268000 | 280706 |
| &nbsp;&nbsp; Series 2023-HQA3, Class M2, 7.22% (30 day avg SOFR US + 3.35%), 11/25/2043 <sup>(a)</sup> | 325000 | 340025 |
| &nbsp;&nbsp; Series 2025-DNA2, Class A1, 4.97% (30 day avg SOFR US + 1.10%), 05/25/2045 <sup>(a)</sup> | 1106250 | 1112557 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Series 2010-9, Class UI, 5.00%, 01/20/2040 <sup>(f)</sup> | 514738 | 101999 |
| &nbsp;&nbsp; Series 2013-99, Class AX, 3.00%, 07/20/2043 <sup>(c)</sup> | 115386 | 106812 |
| &nbsp;&nbsp; Series 2015-143, Class WA, 4.00%, 10/20/2045 | 99446 | 97565 |
| &nbsp;&nbsp; Series 2018-121, Class KS, 0.01% (-1 x 1 mo. Term SOFR + 3.75%), 09/20/2048 <sup>(f)(j)</sup> | 212638 | 5199 |
| &nbsp;&nbsp; Series 2018-148, Class DS, 0.00% (-1 x 1 mo. Term SOFR + 3.73%), 10/20/2048 <sup>(f)(g)(j)</sup> | 269943 | 6814 |
| &nbsp;&nbsp; Series 2018-151, Class SL, 0.00% (-1 x 1 mo. Term SOFR + 3.69%), 11/20/2048 <sup>(f)(g)(j)</sup> | 1641495 | 45710 |
| &nbsp;&nbsp; Series 2018-76, Class IO, 4.00%, 06/20/2046 <sup>(f)</sup> | 21535 | 2327 |
| &nbsp;&nbsp; Series 2019-92, Class S, 0.00% (-1 x 1 mo. Term SOFR + 2.70%), 07/20/2049 <sup>(f)(g)(j)</sup> | 1003242 | 10719 |
| &nbsp;&nbsp; Series 2019-99, Class SA, 0.00% (-1 x 1 mo. Term SOFR + 3.24%), 08/20/2049 <sup>(f)(g)(j)</sup> | 432810 | 9106 |
| &nbsp;&nbsp; Series 2020-126, Class BI, 3.00%, 08/20/2050 <sup>(f)</sup> | 626481 | 104444 |
| &nbsp;&nbsp; Series 2021-114, Class TI, 3.00%, 06/20/2051 <sup>(f)</sup> | 694541 | 94974 |
| &nbsp;&nbsp; Series 2021-165, Class ST, 0.00% (-1 x 1 mo. Term SOFR + 3.25%), 01/20/2050 <sup>(f)(g)(j)</sup> | 118473 | 51 |
| &nbsp;&nbsp; Series 2021-209, Class Z, 3.00%, 11/20/2051 <sup>(k)</sup> | 655765 | 483495 |
| &nbsp;&nbsp; Series 2022-124, Class QZ, 4.00%, 07/20/2052 <sup>(k)</sup> | 137542 | 117373 |
| &nbsp;&nbsp; Series 2022-125, Class CS, 2.07% (-1 x 30 day avg SOFR US + 5.99%), 07/20/2052 <sup>(f)(j)</sup> | 536449 | 43666 |
| &nbsp;&nbsp; Series 2022-126, Class CS, 0.00% (-1 x 30 day avg SOFR US + 3.76%), 07/20/2052 <sup>(f)(g)(j)</sup> | 1076171 | 22456 |
| &nbsp;&nbsp; Series 2022-129, Class SA, 0.03% (-1 x 30 day avg SOFR US + 3.95%), 07/20/2052 <sup>(f)(j)</sup> | 4235229 | 97097 |
| &nbsp;&nbsp; Series 2022-133, Class SA, 0.03% (-1 x 30 day avg SOFR US + 3.95%), 07/20/2052 <sup>(f)(j)</sup> | 414703 | 10244 |
| &nbsp;&nbsp; Series 2022-148, Class DS, 0.00% (-1 x 30 day avg SOFR US + 3.60%), 08/20/2052 <sup>(f)(g)(j)</sup> | 432740 | 7689 |
| &nbsp;&nbsp; Series 2022-178, Class SA, 0.98% (-1 x 30 day avg SOFR US + 4.90%), 10/20/2052 <sup>(f)(j)</sup> | 5054927 | 234395 |
| &nbsp;&nbsp; Series 2022-46, Class S, 0.00% (-1 x 30 day avg SOFR US + 3.50%), 03/20/2052 <sup>(f)(g)(j)</sup> | 296887 | 5559 |
| &nbsp;&nbsp; Series 2022-51, Class SC, 0.00% (-1 x 30 day avg SOFR US + 3.50%), 03/20/2052 <sup>(f)(g)(j)</sup> | 886215 | 16423 |
| &nbsp;&nbsp; Series 2022-66, Class SB, 0.00% (-1 x 30 day avg SOFR US + 3.85%), 04/20/2052 <sup>(f)(g)(j)</sup> | 289722 | 7823 |
| &nbsp;&nbsp; Series 2022-68, Class SP, 0.00% (-1 x 30 day avg SOFR US + 3.85%), 04/20/2052 <sup>(f)(g)(j)</sup> | 237766 | 7500 |
| &nbsp;&nbsp; Series 2022-93, Class GS, 0.00% (-1 x 30 day avg SOFR US + 3.65%), 05/20/2052 <sup>(f)(g)(j)</sup> | 185791 | 3642 |
| &nbsp;&nbsp; Series 2022-93, Class IO, 3.00%, 08/20/2051 <sup>(f)</sup> | 2495258 | 267506 |
| &nbsp;&nbsp; Series 2023-111, Class ZA, 3.00%, 02/20/2052 <sup>(k)</sup> | 536207 | 375922 |
| &nbsp;&nbsp; Series 2023-186, Class ZJ, 5.00%, 12/20/2053 <sup>(k)</sup> | 364631 | 358282 |
| &nbsp;&nbsp; Series 2023-81, Class IO, 5.00%, 04/20/2052 <sup>(f)</sup> | 407625 | 73698 |
| &nbsp;&nbsp; Series 2024-23, Class ID, 5.00%, 03/20/2040 <sup>(f)</sup> | 347733 | 65581 |
| &nbsp;&nbsp; Series 2024-69, Class AZ, 2.50%, 04/20/2054 <sup>(k)</sup> | 338813 | 247635 |
| GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II |
| &nbsp;&nbsp; Series 2018-GS10, Class A3, 4.26%, 07/10/2051 <sup>(d)</sup> | 800000 | 793742 |
| &nbsp;&nbsp; Series 2019-GC39, Class A3, 3.31%, 05/10/2052 | 906089 | 871448 |
| &nbsp;&nbsp; Series 2019-GC42, Class A3, 2.75%, 09/10/2052 | 1230000 | 1168003 |
| &nbsp;&nbsp; Series 2020-GC47, Class A4, 2.12%, 05/12/2053 | 1400000 | 1286991 |
| &nbsp;&nbsp; Series 2020-GSA2, Class A4, 1.72%, 12/12/2053 | 1100000 | 987345 |
| GS U.S. Government Agencies Trust | GS U.S. Government Agencies Trust | GS U.S. Government Agencies Trust |
| &nbsp;&nbsp; Series 2021-GR1, Class A4, 2.50%, 11/25/2051 <sup>(a)(d)</sup> | 140217 | 115997 |
| &nbsp;&nbsp; Series 2021-PJ10, Class A4, 2.50%, 03/25/2052 <sup>(a)(d)</sup> | 168901 | 139726 |
| &nbsp;&nbsp; Series 2021-PJ5, Class A4, 2.50%, 10/25/2051 <sup>(a)(d)</sup> | 284250 | 235114 |
| &nbsp;&nbsp; Series 2021-PJ6, Class A4, 2.50%, 11/25/2051 <sup>(a)(d)</sup> | 206517 | 170780 |
| &nbsp;&nbsp; Series 2021-PJ7, Class A4, 2.50%, 01/25/2052 <sup>(a)(d)</sup> | 337801 | 279451 |
| &nbsp;&nbsp; Series 2021-PJ8, Class A4, 2.50%, 01/25/2052 <sup>(a)(d)</sup> | 228476 | 189027 |
| &nbsp;&nbsp; Series 2022-PJ4, Class A36, 3.00%, 09/25/2052 <sup>(a)(d)</sup> | 78671 | 68237 |
| &nbsp;&nbsp; Series 2022-PJ5, Class A36, 3.00%, 10/25/2052 <sup>(a)(d)</sup> | 230202 | 199284 |
| &nbsp;&nbsp; Series 2023-PJ1, Class A24, 3.50%, 02/25/2053 <sup>(a)(d)</sup> | 263110 | 237018 |
|  Hudsons Bay Simon JV Trust, Series 2015-HB10, Class C10, 5.45%, 08/05/2034 <sup>(a)(d)</sup> | 900000 | 885454 |
|  Imperial Fund Mortgage Trust, Series 2022-NQM6, Class M1, 7.10%, 10/25/2067 <sup>(a)(d)</sup> | 150000 | 149480 |
| JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities |
| &nbsp;&nbsp; Series 2016-JP4, Class A3, 3.39%, 12/15/2049 | 1036198 | 1028763 |
| &nbsp;&nbsp; Series 2019-BKWD, Class A, 5.37% (1 mo. Term SOFR + 1.61%), 09/15/2029 <sup>(a)</sup> | 154493 | 150003 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2015-1, Class B1, 5.50%, 12/25/2044 <sup>(a)(d)</sup> | 31768 | 31341 |
| &nbsp;&nbsp; Series 2017-2, Class A13, 3.50%, 05/25/2047 <sup>(a)(d)</sup> | 5213 | 4734 |
| &nbsp;&nbsp; Series 2017-5, Class A2, 4.75%, 10/26/2048 <sup>(a)(d)</sup> | 52704 | 52823 |
| &nbsp;&nbsp; Series 2018-5, Class A13, 3.50%, 10/25/2048 <sup>(a)(d)</sup> | 26341 | 23705 |
| &nbsp;&nbsp; Series 2018-7FRB, Class A2, 4.60% (1 mo. Term SOFR + 0.86%), 04/25/2046 <sup>(a)</sup> | 9526 | 9362 |
| &nbsp;&nbsp; Series 2018-8, Class A13, 4.00%, 01/25/2049 <sup>(a)(d)</sup> | 3066 | 2862 |
| &nbsp;&nbsp; Series 2018-9, Class A13, 4.00%, 02/25/2049 <sup>(a)(d)</sup> | 1096 | 1026 |
| &nbsp;&nbsp; Series 2019-1, Class A15, 4.00%, 05/25/2049 <sup>(a)(d)</sup> | 2724 | 2552 |
| &nbsp;&nbsp; Series 2020-1, Class B2, 3.82%, 06/25/2050 <sup>(a)(d)</sup> | 29840 | 27106 |
| &nbsp;&nbsp; Series 2021-10, Class A15, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 74319 | 61481 |
| &nbsp;&nbsp; Series 2021-11, Class A15, 2.50%, 01/25/2052 <sup>(a)(d)</sup> | 152544 | 126147 |
| &nbsp;&nbsp; Series 2021-14, Class A15, 2.50%, 05/25/2052 <sup>(a)(d)</sup> | 94860 | 78475 |
| &nbsp;&nbsp; Series 2021-15, Class A15, 2.50%, 06/25/2052 <sup>(a)(d)</sup> | 655691 | 542226 |
| &nbsp;&nbsp; Series 2021-4, Class B2, 2.88%, 08/25/2051 <sup>(a)(d)</sup> | 110528 | 90499 |
| &nbsp;&nbsp; Series 2021-7, Class A15, 2.50%, 11/25/2051 <sup>(a)(d)</sup> | 210512 | 174165 |
| &nbsp;&nbsp; Series 2021-8, Class A15, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 98778 | 81723 |
| &nbsp;&nbsp; Series 2021-8, Class B3, 2.84%, 12/25/2051 <sup>(a)(d)</sup> | 151330 | 122734 |
| &nbsp;&nbsp; Series 2021-LTV2, Class A3, 2.93%, 05/25/2052 <sup>(a)(d)</sup> | 68590 | 59568 |
| &nbsp;&nbsp; Series 2022-2, Class A25, 3.00%, 08/25/2052 <sup>(a)(d)</sup> | 76339 | 66138 |
| &nbsp;&nbsp; Series 2022-3, Class A25, 3.00%, 08/25/2052 <sup>(a)(d)</sup> | 344560 | 298283 |
| &nbsp;&nbsp; Series 2022-4, Class A17A, 3.00%, 10/25/2052 <sup>(a)(d)</sup> | 230155 | 199243 |
| &nbsp;&nbsp; Series 2022-4, Class B3, 3.24%, 10/25/2052 <sup>(a)(d)</sup> | 114310 | 92816 |
| &nbsp;&nbsp; Series 2022-5, Class B3, 2.95%, 09/25/2052 <sup>(a)(d)</sup> | 113929 | 90140 |
| &nbsp;&nbsp; Series 2022-6, Class A17A, 3.00%, 11/25/2052 <sup>(a)(d)</sup> | 1020971 | 884535 |
| &nbsp;&nbsp; Series 2022-7, Class 1A17, 3.00%, 12/25/2052 <sup>(a)(d)</sup> | 118510 | 102494 |
| &nbsp;&nbsp; Series 2022-LTV1, Class A1, 3.25%, 07/25/2052 <sup>(a)(d)</sup> | 380513 | 340986 |
| &nbsp;&nbsp; Series 2022-LTV2, Class A6, 3.50%, 09/25/2052 <sup>(a)(d)</sup> | 230140 | 207027 |
| &nbsp;&nbsp; Series 2023-1, Class A15B, 5.50%, 06/25/2053 <sup>(a)(d)</sup> | 101561 | 100438 |
| &nbsp;&nbsp; Series 2024-3, Class A9, 3.00%, 05/25/2054 <sup>(a)(d)</sup> | 859196 | 743799 |
| &nbsp;&nbsp; Series 2024-7, Class A9, 3.00%, 04/25/2053 <sup>(a)(d)</sup> | 280331 | 242680 |
|  JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class D, 4.06%, 11/15/2047 <sup>(a)(d)</sup> | 470000 | 360186 |
|  Manhattan West, Series 2020-1MW, Class C, 2.33%, 09/10/2039 <sup>(a)(d)</sup> | 500000 | 479162 |
|  MCR Mortgage Trust, Series 2024-TWA, Class A, 5.92%, 06/12/2039 <sup>(a)</sup> | 1000000 | 1013328 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| &nbsp;&nbsp; Series 2016-C29, Class A3, 3.06%, 05/15/2049 | 56109 | 55958 |
| &nbsp;&nbsp; Series 2016-C29, Class D, 3.00%, 05/15/2049 <sup>(a)</sup> | 400000 | 320365 |
|  Morgan Stanley Capital I, Inc., Series 2018-L1, Class A3, 4.14%, 10/15/2051 | 2405502 | 2405653 |
| Morgan Stanley Residential Mortgage Loan Trust | Morgan Stanley Residential Mortgage Loan Trust | Morgan Stanley Residential Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2021-5, Class A9, 2.50%, 08/25/2051 <sup>(a)(d)</sup> | 128490 | 106293 |
| &nbsp;&nbsp; Series 2021-6, Class A4, 2.50%, 09/25/2051 <sup>(a)(d)</sup> | 98438 | 88675 |
| &nbsp;&nbsp; Series 2021-6, Class A9, 2.50%, 09/25/2051 <sup>(a)(d)</sup> | 117386 | 97072 |
| &nbsp;&nbsp; Series 2023-1, Class A7, 4.00%, 02/25/2053 <sup>(a)(d)</sup> | 243316 | 224900 |
|  MTN Commercial Mortgage Trust, Series 2022-LPFL, Class C, 6.15% (1 mo. Term SOFR + 2.39%), 03/15/2039 <sup>(a)</sup> | 1090000 | 1091588 |
| Natixis Commercial Mortgage Securities Trust | Natixis Commercial Mortgage Securities Trust | Natixis Commercial Mortgage Securities Trust |
| &nbsp;&nbsp; Series 2019-MILE, Class D, 6.58% (1 mo. Term SOFR + 2.83%), 07/15/2036 <sup>(a)</sup> | 1000000 | 807709 |
| &nbsp;&nbsp; Series 2019-MILE, Class F, 8.08% (1 mo. Term SOFR + 4.33%), 07/15/2036 <sup>(a)</sup> | 750000 | 512032 |
|  New Economy Assets LLC, Series 2021-1, Class B1, 2.41%, 10/20/2061 <sup>(a)</sup> | 1730000 | 1061429 |
|  New Residential Mortgage Loan Trust, Series 2018-4A, Class A1S, 4.60% (1 mo. Term SOFR + 0.86%), 01/25/2048 <sup>(a)</sup> | 23188 | 22785 |
|  NYC Commercial Mortgage Trust, Series 2025-300P, Class A, 4.88%, 07/13/2042 <sup>(a)(d)</sup> | 2160000 | 2168458 |
|  One Bryant Park Trust, Series 2019-OBP, Class A, 2.52%, 09/15/2054 <sup>(a)</sup> | 3547000 | 3292414 |
|  One Market Plaza Trust, Series 2017-1MKT, Class A, 3.61%, 02/10/2032 <sup>(a)</sup> | 730448 | 697653 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2021-J2, Class A19, 2.50%, 07/25/2051 <sup>(a)(d)</sup> | 222945 | 184435 |
| &nbsp;&nbsp; Series 2025-NQM13, Class A1, 5.44%, 05/25/2065 <sup>(a)(d)</sup> | 1042606 | 1051680 |
| &nbsp;&nbsp; Series 2025-NQM8, Class A1, 5.47%, 03/25/2065 <sup>(a)(c)</sup> | 1147346 | 1156334 |
| RCKT Mortgage Trust | RCKT Mortgage Trust | RCKT Mortgage Trust |
| &nbsp;&nbsp; Series 2021-4, Class A21, 2.50%, 09/25/2051 <sup>(a)(d)</sup> | 271115 | 224284 |
| &nbsp;&nbsp; Series 2021-5, Class B4, 2.92%, 11/25/2051 <sup>(a)(d)</sup> | 179693 | 145112 |
| &nbsp;&nbsp; Series 2022-2, Class A22, 2.50%, 02/25/2052 <sup>(a)(d)</sup> | 340754 | 281894 |
| &nbsp;&nbsp; Series 2022-3, Class A21, 3.00%, 05/25/2052 <sup>(a)(d)</sup> | 125798 | 108987 |
| &nbsp;&nbsp; Series 2022-4, Class A22, 3.50%, 06/25/2052 <sup>(a)(d)</sup> | 193626 | 174422 |
|  SCOTT Trust 2023-SFS, Series 2023-SFS, Class A, 5.91%, 03/10/2040 <sup>(a)</sup> | 1550000 | 1590542 |
| Sequoia Mortgage Trust | Sequoia Mortgage Trust | Sequoia Mortgage Trust |
| &nbsp;&nbsp; Series 2015-2, Class A1, 3.50%, 05/25/2045 <sup>(a)(d)</sup> | 7741 | 7176 |
| &nbsp;&nbsp; Series 2020-1, Class B4, 3.85%, 02/25/2050 <sup>(a)(d)</sup> | 202491 | 161476 |
| &nbsp;&nbsp; Series 2020-3, Class A19, 3.00%, 04/25/2050 <sup>(a)(d)</sup> | 41916 | 36377 |
| &nbsp;&nbsp; Series 2021-1, Class B3, 2.66%, 03/25/2051 <sup>(a)(d)</sup> | 87757 | 73916 |
| &nbsp;&nbsp; Series 2021-4, Class A19, 2.50%, 06/25/2051 <sup>(a)(d)</sup> | 72565 | 60445 |
| &nbsp;&nbsp; Series 2023-1, Class A19, 5.00%, 01/25/2053 <sup>(a)(d)</sup> | 171875 | 167088 |
| &nbsp;&nbsp; Series 2025-S2, Class A1, 4.00%, 11/25/2055 <sup>(a)(d)</sup> | 313391 | 293212 |
|  Starwood Property Mortgage Trust, Series 2021-LIH, Class AS, 5.12% (1 mo. Term SOFR + 1.37%), 11/15/2036 <sup>(a)</sup> | 1000000 | 997515 |
| STORE Master Funding LLC | STORE Master Funding LLC | STORE Master Funding LLC |
| &nbsp;&nbsp; Series 2019-1, Class A1, 2.82%, 11/20/2049 <sup>(a)</sup> | 985338 | 969918 |
| &nbsp;&nbsp; Series 2021-1A, Class A1, 2.12%, 06/20/2051 <sup>(a)</sup> | 1124125 | 1050581 |
|  Tricon Residential Trust, Series 2025-SFR1, Class A, 4.85% (1 mo. Term SOFR + 1.10%), 03/17/2042 <sup>(a)</sup> | 893904 | 894614 |
|  TYSN 2023-CRNR Mortgage Trust, Series 2023-CRNR, Class A, 6.58%, 12/10/2033 <sup>(a)(d)</sup> | 1000000 | 1052705 |
| UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2017-C4, Class A4, 3.56%, 10/15/2050 | 148558 | 146458 |
| &nbsp;&nbsp; Series 2017-C7, Class A3, 3.42%, 12/15/2050 | 204198 | 202006 |
| &nbsp;&nbsp; Series 2018-C10, Class A3, 4.05%, 05/15/2051 | 1290085 | 1285801 |
|  UBS-Barclays Commercial Mortgage Trust, Series 2013-C5, Class D, 3.72%, 03/10/2046 <sup>(a)(d)</sup> | 225000 | 181214 |
|  Verus Securitization Trust, Series 2021-7, Class A3, 2.24%, 10/25/2066 <sup>(a)(d)</sup> | 88999 | 78635 |
|  WB Commercial Mortgage Trust, Series 2024-HQ, Class A, 5.94%, 03/15/2040 <sup>(a)(d)</sup> | 500000 | 499071 |
|  Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class A4, 3.47%, 05/15/2052 | 930258 | 913028 |
|  Wells Fargo Commercial Mortgage Trust 2024-1CHI, Series 2024-5C2, Class A3, 5.92%, 11/15/2057 <sup>(d)</sup> | 2075000 | 2184282 |
| Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust |
| &nbsp;&nbsp; Series 2019-2, Class A17, 4.00%, 04/25/2049 <sup>(a)(d)</sup> | 5216 | 4949 |
| &nbsp;&nbsp; Series 2020-4, Class A17, 3.00%, 07/25/2050 <sup>(a)(d)</sup> | 215318 | 187610 |
| &nbsp;&nbsp; Series 2021-2, Class A17, 2.50%, 06/25/2051 <sup>(a)(d)</sup> | 268552 | 222500 |
| &nbsp;&nbsp; Series 2022-2, Class A18, 2.50%, 12/25/2051 <sup>(a)(d)</sup> | 85014 | 70223 |
|  WF-RBS Commercial Mortgage Trust, Series 2013-C13, Class D, 3.96%, 05/15/2045 <sup>(a)(d)</sup> | 171113 | 156996 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $128,527,126) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $128,527,126) | **125428847** |
| **FOREIGN CORPORATE BONDS - 7.7%** | **FOREIGN CORPORATE BONDS - 7.7%** | **FOREIGN CORPORATE BONDS - 7.7%** |
| **BASIC MATERIALS - 0.3%** | **BASIC MATERIALS - 0.3%** | **BASIC MATERIALS - 0.3%** |
| BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. |
| &nbsp;&nbsp; 5.25%, 09/08/2033 | 980000 | 1018033 |
| &nbsp;&nbsp; 5.30%, 02/21/2035 | 95000 | 98081 |
| &nbsp;&nbsp; 5.75%, 09/05/2055 | 288000 | 293593 |
|  Champion Iron Canada, Inc., 7.88%, 07/15/2032 <sup>(a)</sup> | 175000 | 185789 |
|  Fortescue Treasury Pty Ltd., 6.13%, 04/15/2032 <sup>(a)</sup> | 500000 | 521742 |
| Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. |
| &nbsp;&nbsp; 5.20%, 06/21/2027 | 75000 | 76225 |
| &nbsp;&nbsp; 5.40%, 06/21/2034 | 1000000 | 1031559 |
| OCP SA | OCP SA | OCP SA |
| &nbsp;&nbsp; 6.10%, 04/30/2030 <sup>(a)</sup> | 305000 | 318627 |
| &nbsp;&nbsp; 6.75%, 05/02/2034 <sup>(a)</sup> | 426000 | 458870 |
|  Rio Tinto Alcan, Inc., 7.25%, 11/01/2028 | 250000 | 267868 |
|  Rio Tinto Finance USA PLC, 5.25%, 03/14/2035 | 75000 | 77283 |
|  South32 Treasury Ltd., 4.35%, 04/14/2032 <sup>(a)</sup> | 190000 | 184120 |
|  Suzano Netherlands BV, 5.50%, 01/15/2036 | 47000 | 46595 |
| **Total Basic Materials** | **Total Basic Materials** | **4578385** |
| **COMMUNICATIONS - 0.1%** | **COMMUNICATIONS - 0.1%** | **COMMUNICATIONS - 0.1%** |
|  NTT Finance Corp., 5.50%, 07/16/2035 <sup>(a)</sup> | 400000 | 414175 |
|  Telefonica Emisiones SA, 5.21%, 03/08/2047 | 150000 | 132060 |
|  Turkcell Iletisim Hizmetleri AS, 7.65%, 01/24/2032 <sup>(a)</sup> | 500000 | 531635 |
| Vodafone Group PLC | Vodafone Group PLC | Vodafone Group PLC |
| &nbsp;&nbsp; 5.75%, 06/28/2054 | 92000 | 89362 |
| &nbsp;&nbsp; 5.75%, 02/10/2063 | 87000 | 82677 |
| &nbsp;&nbsp; 5.88%, 06/28/2064 | 182000 | 176121 |
| **Total Communications** | **Total Communications** | **1426030** |
| **CONSUMER, CYCLICAL - 0.1%** | **CONSUMER, CYCLICAL - 0.1%** | **CONSUMER, CYCLICAL - 0.1%** |
|  1011778 BC ULC / New Red Finance, Inc., 3.88%, 01/15/2028 <sup>(a)</sup> | 125000 | 123219 |
|  Aptiv Swiss Holdings Ltd., 3.10%, 12/01/2051 | 135000 | 86711 |
|  Royal Caribbean Cruises Ltd., 5.63%, 09/30/2031 <sup>(a)</sup> | 380000 | 388480 |
|  Sands China Ltd., 5.40%, 08/08/2028 <sup>(c)</sup> | 200000 | 203619 |
| **Total Consumer, Cyclical** | **Total Consumer, Cyclical** | **802029** |
| **CONSUMER, NON-CYCLICAL - 0.2%** | **CONSUMER, NON-CYCLICAL - 0.2%** | **CONSUMER, NON-CYCLICAL - 0.2%** |
|  Bacardi-Martini BV, 6.00%, 02/01/2035 <sup>(a)</sup> | 350000 | 363181 |
| BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC |
| &nbsp;&nbsp; 4.45%, 03/16/2028 | 740000 | 745749 |
| &nbsp;&nbsp; 5.93%, 02/02/2029 | 40000 | 41973 |
|  Imperial Brands Finance PLC, 5.50%, 02/01/2030 <sup>(a)</sup> | 555000 | 574925 |
| Pfizer Investment Enterprises Pte Ltd. | Pfizer Investment Enterprises Pte Ltd. | Pfizer Investment Enterprises Pte Ltd. |
| &nbsp;&nbsp; 4.75%, 05/19/2033 | 128000 | 129357 |
| &nbsp;&nbsp; 5.11%, 05/19/2043 | 174000 | 167439 |
| &nbsp;&nbsp; 5.30%, 05/19/2053 | 130000 | 123094 |
| &nbsp;&nbsp; 5.34%, 05/19/2063 | 84000 | 77935 |
| Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC |
| &nbsp;&nbsp; 5.15%, 09/02/2029 | 69000 | 70910 |
| &nbsp;&nbsp; 2.15%, 09/02/2031 | 191000 | 168032 |
| &nbsp;&nbsp; 5.95%, 09/25/2055 | 45000 | 44726 |
|  STERIS Irish FinCo UnLtd Co., 3.75%, 03/15/2051 | 442000 | 327431 |
|  Triton Container International Ltd., 3.15%, 06/15/2031 <sup>(a)</sup> | 446000 | 401831 |
|  Triton Container International Ltd. / TAL International Container Corp., 3.25%, 03/15/2032 | 116000 | 105429 |
| **Total Consumer, Non-Cyclical** | **Total Consumer, Non-Cyclical** | **3342012** |
| **ENERGY - 1.2%** | **ENERGY - 1.2%** | **ENERGY - 1.2%** |
|  Abu Dhabi Future Energy Co. PJSC Masdar, 4.88%, 05/21/2030 | 1000000 | 1017236 |
| Aker BP ASA | Aker BP ASA | Aker BP ASA |
| &nbsp;&nbsp; 4.00%, 01/15/2031 <sup>(a)</sup> | 500000 | 482645 |
| &nbsp;&nbsp; 3.10%, 07/15/2031 <sup>(a)</sup> | 900000 | 825824 |
| Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. |
| &nbsp;&nbsp; 5.00%, 12/15/2029 | 265000 | 271775 |
| &nbsp;&nbsp; 5.85%, 02/01/2035 | 310000 | 322686 |
| &nbsp;&nbsp; 6.25%, 03/15/2038 | 200000 | 212124 |
| Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. |
| &nbsp;&nbsp; 4.65%, 03/20/2031 | 975000 | 971964 |
| &nbsp;&nbsp; 5.25%, 06/15/2037 | 77000 | 74761 |
| &nbsp;&nbsp; 3.75%, 02/15/2052 | 90000 | 62915 |
|  Ecopetrol SA, 8.63%, 01/19/2029 | 525000 | 562680 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| &nbsp;&nbsp; 4.60%, 06/20/2028 | 58000 | 58598 |
| &nbsp;&nbsp; 6.00%, 11/15/2028 | 540000 | 567473 |
| Equinor ASA | Equinor ASA | Equinor ASA |
| &nbsp;&nbsp; 5.13%, 06/03/2035 | 2500000 | 2567412 |
| &nbsp;&nbsp; 3.25%, 11/18/2049 | 1000000 | 697038 |
|  Greensaif Pipelines Bidco Sarl, 6.51%, 02/23/2042 <sup>(a)</sup> | 200000 | 218063 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| &nbsp;&nbsp; 6.84%, 01/23/2030 | 440000 | 446821 |
| &nbsp;&nbsp; 6.70%, 02/16/2032 | 499000 | 497668 |
|  QatarEnergy, 2.25%, 07/12/2031 <sup>(a)</sup> | 200000 | 180120 |
|  Raizen Fuels Finance SA, 6.95%, 03/05/2054 <sup>(a)</sup> | 825000 | 629062 |
|  Santos Finance Ltd., 5.75%, 11/13/2035 <sup>(a)</sup> | 59000 | 58672 |
|  Sweihan PV Power Co. PJSC, 3.63%, 01/31/2049 <sup>(a)</sup> | 916100 | 787489 |
| TotalEnergies Capital SA | TotalEnergies Capital SA | TotalEnergies Capital SA |
| &nbsp;&nbsp; 4.72%, 09/10/2034 | 775000 | 781729 |
| &nbsp;&nbsp; 5.49%, 04/05/2054 | 825000 | 797708 |
| &nbsp;&nbsp; 5.43%, 09/10/2064 | 2583000 | 2417451 |
|  Var Energi ASA, 5.88%, 05/22/2030 <sup>(a)</sup> | 1250000 | 1301140 |
| Woodside Finance Ltd. | Woodside Finance Ltd. | Woodside Finance Ltd. |
| &nbsp;&nbsp; 5.40%, 05/19/2030 | 236000 | 242334 |
| &nbsp;&nbsp; 5.10%, 09/12/2034 | 2500000 | 2469998 |
| **Total Energy** | **Total Energy** | **19523386** |
| **FINANCIAL - 5.0%** | **FINANCIAL - 5.0%** | **FINANCIAL - 5.0%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/2026 | 150000 | 147961 |
|  African Development Bank, 5.75% to 08/07/2034 then 5 yr. CMT Rate + 1.58%, Perpetual | 2500000 | 2494274 |
|  AIB Group PLC, 5.32% to 05/15/2030 then SOFR + 1.65%, 05/15/2031 <sup>(a)</sup> | 1200000 | 1238336 |
|  Amazon Conservation DAC, 6.03%, 01/16/2042 <sup>(a)</sup> | 2000000 | 2068600 |
| Arab Energy Fund | Arab Energy Fund | Arab Energy Fund |
| &nbsp;&nbsp; 1.48%, 10/06/2026 <sup>(a)</sup> | 1200000 | 1175471 |
| &nbsp;&nbsp; 5.43%, 05/02/2029 <sup>(a)</sup> | 1000000 | 1033652 |
| Banco Santander SA | Banco Santander SA | Banco Santander SA |
| &nbsp;&nbsp; 5.54% to 03/14/2029 then 1 yr. CMT Rate + 1.45%, 03/14/2030 | 200000 | 206954 |
| &nbsp;&nbsp; 5.13%, 11/06/2035 | 1400000 | 1399513 |
| Bank of Montreal | Bank of Montreal | Bank of Montreal |
| &nbsp;&nbsp; 7.70% to 05/26/2029 then 5 yr. CMT Rate + 3.45%, 05/26/2084 | 1000000 | 1061709 |
| &nbsp;&nbsp; 6.88% to 11/26/2030 then 5 yr. CMT Rate + 2.98%, 11/26/2085 | 2500000 | 2572357 |
|  Bank of Nova Scotia, 6.88% to 10/27/2035 then 5 yr. CMT Rate + 2.73%, 10/27/2085 | 2625000 | 2691336 |
|  Bank of Nova Scotia (The), 4.59% to 05/04/2032 then 5 yr. CMT Rate + 2.05%, 05/04/2037 | 273000 | 265984 |
| Barclays PLC | Barclays PLC | Barclays PLC |
| &nbsp;&nbsp; 2.28% to 11/24/2026 then 1 yr. CMT Rate + 1.05%, 11/24/2027 | 1430000 | 1406989 |
| &nbsp;&nbsp; 3.56% to 09/23/2030 then 5 yr. CMT Rate + 2.90%, 09/23/2035 | 400000 | 377442 |
| BB Blue Financing DAC | BB Blue Financing DAC | BB Blue Financing DAC |
| &nbsp;&nbsp; 4.40%, 09/20/2029 | 1000000 | 977435 |
| &nbsp;&nbsp; 4.40%, 09/20/2037 | 1000000 | 973565 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 1.32% to 01/13/2026 then SOFR + 1.00%, 01/13/2027 <sup>(a)</sup> | 730000 | 729309 |
| &nbsp;&nbsp; 1.68% to 06/30/2026 then SOFR + 0.91%, 06/30/2027 <sup>(a)</sup> | 440000 | 434494 |
| BPCE SA | BPCE SA | BPCE SA |
| &nbsp;&nbsp; 5.88% to 01/14/2030 then SOFR + 1.68%, 01/14/2031 <sup>(a)</sup> | 550000 | 574523 |
| &nbsp;&nbsp; 6.29% to 01/14/2035 then SOFR + 2.04%, 01/14/2036 <sup>(a)</sup> | 3325000 | 3548789 |
|  Brookfield Asset Management Ltd., 6.08%, 09/15/2055 | 1000000 | 1022202 |
|  CaixaBank SA, 6.68% to 09/13/2026 then SOFR + 2.08%, 09/13/2027 <sup>(a)</sup> | 610000 | 620567 |
| Canadian Imperial Bank of Commerce | Canadian Imperial Bank of Commerce | Canadian Imperial Bank of Commerce |
| &nbsp;&nbsp; 6.95% to 01/28/2030 then 5 yr. CMT Rate + 2.83%, 01/28/2085 | 2500000 | 2565255 |
| &nbsp;&nbsp; 7.00% to 10/28/2030 then 5 yr. CMT Rate + 3.00%, 10/28/2085 | 2600000 | 2710388 |
|  Cooperatieve Rabobank UA/NY, 4.88%, 01/21/2028 | 250000 | 255601 |
|  Credit Agricole Corporate & Investment Bank SA, 4.57%, 08/25/2030 | 1000000 | 997514 |
| Credit Agricole SA | Credit Agricole SA | Credit Agricole SA |
| &nbsp;&nbsp; 5.22% to 05/27/2030 then SOFR + 1.46%, 05/27/2031 <sup>(a)</sup> | 500000 | 513309 |
| &nbsp;&nbsp; 4.82% to 09/25/2032 then SOFR + 1.36%, 09/25/2033 <sup>(a)</sup> | 935000 | 933777 |
| Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY |
| &nbsp;&nbsp; 5.10% (SOFR + 1.22%), 11/16/2027 | 240000 | 241021 |
| &nbsp;&nbsp; 2.55% to 01/07/2027 then SOFR + 1.32%, 01/07/2028 | 180000 | 177021 |
| &nbsp;&nbsp; 6.82% to 11/20/2028 then SOFR + 2.51%, 11/20/2029 | 1100000 | 1172921 |
| &nbsp;&nbsp; 4.47% to 12/10/2030 then SOFR + 1.10%, 12/10/2031 | 150000 | 149489 |
| &nbsp;&nbsp; 3.73% to 01/14/2031 then SOFR + 2.76%, 01/14/2032 | 1210000 | 1143622 |
| &nbsp;&nbsp; 3.74% to 01/07/2032 then SOFR + 2.26%, 01/07/2033 | 225000 | 208992 |
| Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. |
| &nbsp;&nbsp; 5.63%, 08/16/2032 | 500000 | 521604 |
| &nbsp;&nbsp; 6.00%, 12/07/2033 | 975000 | 1033877 |
| Federation des Caisses Desjardins du Quebec | Federation des Caisses Desjardins du Quebec | Federation des Caisses Desjardins du Quebec |
| &nbsp;&nbsp; 5.15%, 11/27/2028 <sup>(a)</sup> | 600000 | 621663 |
| &nbsp;&nbsp; 4.57%, 08/26/2030 <sup>(a)</sup> | 800000 | 805216 |
|  GPS Blue Financing DAC, 5.65%, 11/09/2041 <sup>(a)</sup> | 1000000 | 993300 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 5.24% to 05/13/2030 then SOFR + 1.57%, 05/13/2031 | 2400000 | 2472664 |
| &nbsp;&nbsp; 4.62% to 11/06/2030 then SOFR + 1.19%, 11/06/2031 | 200000 | 200617 |
| &nbsp;&nbsp; 5.73% to 05/17/2031 then SOFR + 1.52%, 05/17/2032 | 200000 | 210783 |
| &nbsp;&nbsp; 5.74% to 09/10/2035 then SOFR + 1.96%, 09/10/2036 | 2650000 | 2727882 |
| &nbsp;&nbsp; 6.33% to 03/09/2043 then SOFR + 2.65%, 03/09/2044 | 200000 | 219060 |
| ING Groep NV | ING Groep NV | ING Groep NV |
| &nbsp;&nbsp; 5.07% to 03/25/2030 then SOFR + 1.23%, 03/25/2031 | 800000 | 819664 |
| &nbsp;&nbsp; 5.53% to 03/25/2035 then SOFR + 1.61%, 03/25/2036 | 325000 | 337513 |
| International Development Association | International Development Association | International Development Association |
| &nbsp;&nbsp; 4.38%, 11/27/2029 <sup>(a)</sup> | 1700000 | 1740249 |
| &nbsp;&nbsp; 4.50%, 02/12/2035 <sup>(a)</sup> | 1425000 | 1451387 |
|  International Finance Corp., 4.38%, 01/15/2027 | 1000000 | 1007089 |
| Intesa Sanpaolo SpA | Intesa Sanpaolo SpA | Intesa Sanpaolo SpA |
| &nbsp;&nbsp; 7.20%, 11/28/2033 <sup>(a)</sup> | 1000000 | 1142036 |
| &nbsp;&nbsp; 7.80%, 11/28/2053 <sup>(a)</sup> | 1000000 | 1221583 |
|  Landwirtschaftliche Rentenbank, 0.88%, 09/03/2030 | 1000000 | 876980 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 5.72% to 06/05/2029 then 1 yr. CMT Rate + 1.07%, 06/05/2030 | 200000 | 209609 |
| &nbsp;&nbsp; 4.43% to 11/04/2030 then 1 yr. CMT Rate + 0.82%, 11/04/2031 | 385000 | 383799 |
| &nbsp;&nbsp; 6.07% to 06/13/2035 then 1 yr. CMT Rate + 1.60%, 06/13/2036 | 1825000 | 1918996 |
|  Macquarie Group Ltd., 3.76% to 11/28/2027 then 3 mo. Term SOFR + 1.63%, 11/28/2028 <sup>(a)</sup> | 8000 | 7940 |
|  Manulife Financial Corp., 4.99%, 12/11/2035 | 337000 | 336169 |
|  Meiji Yasuda Life Insurance Co., 5.80% to 09/11/2034 then 5 yr. CMT Rate + 3.03%, 09/11/2054 <sup>(a)</sup> | 200000 | 203573 |
| Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group, Inc. |
| &nbsp;&nbsp; 5.24% to 04/19/2028 then 1 yr. CMT Rate + 1.70%, 04/19/2029 | 655000 | 672309 |
| &nbsp;&nbsp; 5.16% to 04/24/2030 then 1 yr. CMT Rate + 1.17%, 04/24/2031 | 370000 | 381325 |
|  Mizuho Financial Group, Inc., 5.78% to 07/06/2028 then 1 yr. CMT Rate + 1.65%, 07/06/2029 | 292000 | 303659 |
|  Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, 5.88% to 05/23/2032 then 5 yr. CMT Rate + 3.98%, 05/23/2042 <sup>(a)</sup> | 1000000 | 1044168 |
|  Nationwide Building Society, 5.13%, 07/29/2029 <sup>(a)</sup> | 300000 | 308176 |
| NatWest Group PLC | NatWest Group PLC | NatWest Group PLC |
| &nbsp;&nbsp; 4.96% to 08/15/2029 then 1 yr. CMT Rate + 1.22%, 08/15/2030 | 202000 | 206155 |
| &nbsp;&nbsp; 8.13% to 05/10/2034 then 5 yr. CMT Rate + 3.75%, Perpetual | 1000000 | 1125141 |
|  NatWest Markets PLC, 4.79%, 03/21/2028 <sup>(a)</sup> | 202000 | 205261 |
|  Nomura Holdings, Inc., 2.61%, 07/14/2031 | 200000 | 180702 |
|  Nordea Bank Abp, 5.38%, 09/22/2027 <sup>(a)</sup> | 200000 | 204878 |
|  OMERS Finance Trust, 3.50%, 04/19/2032 <sup>(a)</sup> | 1000000 | 959564 |
| Royal Bank of Canada | Royal Bank of Canada | Royal Bank of Canada |
| &nbsp;&nbsp; 1.05%, 09/14/2026 <sup>(a)</sup> | 1000000 | 980986 |
| &nbsp;&nbsp; 4.85%, 12/14/2026 <sup>(a)</sup> | 1000000 | 1009903 |
| &nbsp;&nbsp; 4.72% to 03/27/2027 then SOFR + 0.81%, 03/27/2028 | 203000 | 204733 |
| &nbsp;&nbsp; 6.75% to 08/24/2030 then 5 yr. CMT Rate + 2.82%, 08/24/2085 | 200000 | 207556 |
| Santander UK Group Holdings PLC | Santander UK Group Holdings PLC | Santander UK Group Holdings PLC |
| &nbsp;&nbsp; 4.32% to 09/22/2028 then SOFR + 1.07%, 09/22/2029 | 260000 | 260248 |
| &nbsp;&nbsp; 4.86% to 09/11/2029 then SOFR + 1.55%, 09/11/2030 | 380000 | 384539 |
| Societe Generale SA | Societe Generale SA | Societe Generale SA |
| &nbsp;&nbsp; 5.52% to 01/19/2027 then 1 yr. CMT Rate + 1.50%, 01/19/2028 <sup>(a)</sup> | 760000 | 769641 |
| &nbsp;&nbsp; 6.69% to 01/10/2033 then 1 yr. CMT Rate + 2.95%, 01/10/2034 <sup>(a)</sup> | 390000 | 424747 |
|  Sumitomo Mitsui Financial Group, Inc., 4.95% to 07/08/2032 then SOFR + 1.38%, 07/08/2033 | 1655000 | 1685227 |
| Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. |
| &nbsp;&nbsp; 5.65%, 03/09/2026 <sup>(a)</sup> | 245000 | 245821 |
| &nbsp;&nbsp; 4.45%, 09/10/2027 <sup>(a)</sup> | 211000 | 212854 |
|  Swedbank AB, 1.54%, 11/16/2026 <sup>(a)</sup> | 213000 | 208700 |
|  Toronto-Dominion Bank, 4.93%, 10/15/2035 | 108000 | 107920 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 9.25% to 11/13/2028 then 5 yr. CMT Rate + 4.75%, Perpetual <sup>(a)</sup> | 625000 | 685781 |
| &nbsp;&nbsp; 5.43% to 02/08/2029 then 1 yr. CMT Rate + 1.52%, 02/08/2030 <sup>(a)</sup> | 1701000 | 1759214 |
| &nbsp;&nbsp; 5.62% to 09/13/2029 then 1 yr. SOFR Swap Rate USD + 1.34%, 09/13/2030 <sup>(a)</sup> | 1000000 | 1044033 |
| &nbsp;&nbsp; 3.09% to 05/14/2031 then SOFR + 1.73%, 05/14/2032 <sup>(a)</sup> | 285000 | 264415 |
| &nbsp;&nbsp; 4.84% to 11/06/2032 then SOFR + 1.29%, 11/06/2033 <sup>(a)</sup> | 208000 | 208200 |
| &nbsp;&nbsp; 9.25% to 11/13/2033 then 5 yr. CMT Rate + 4.76%, Perpetual <sup>(a)</sup> | 525000 | 615697 |
| &nbsp;&nbsp; 6.30% to 09/22/2033 then 1 yr. CMT Rate + 2.00%, 09/22/2034 <sup>(a)</sup> | 1000000 | 1090848 |
| &nbsp;&nbsp; 7.00% to 08/05/2035 then USISSO05 + 3.30%, Perpetual <sup>(a)</sup> | 1650000 | 1684167 |
|  WLB Asset II D Pte Ltd., 6.50%, 12/21/2026 <sup>(a)</sup> | 978522 | 948434 |
| **Total Financial** | **Total Financial** | **80148627** |
| **INDUSTRIAL - 0.3%** | **INDUSTRIAL - 0.3%** | **INDUSTRIAL - 0.3%** |
|  Amcor Group Finance PLC, 5.45%, 05/23/2029 | 1000000 | 1033740 |
|  BAE Systems PLC, 5.13%, 03/26/2029 <sup>(a)</sup> | 585000 | 601385 |
|  Canadian Pacific Railway Co., 4.70%, 05/01/2048 | 83000 | 73054 |
|  Deere Funding Canada Corp., 4.15%, 10/09/2030 | 107000 | 106989 |
|  Embraer Netherlands Finance BV, 5.40%, 01/09/2038 | 47000 | 46426 |
|  Flex Ltd., 5.38%, 11/13/2035 | 89000 | 88791 |
|  GFL Environmental, Inc., 6.75%, 01/15/2031 <sup>(a)</sup> | 90000 | 94425 |
| Mexico City Airport Trust | Mexico City Airport Trust | Mexico City Airport Trust |
| &nbsp;&nbsp; 4.25%, 10/31/2026 <sup>(a)</sup> | 280000 | 278785 |
| &nbsp;&nbsp; 3.88%, 04/30/2028 <sup>(a)</sup> | 200000 | 195612 |
| &nbsp;&nbsp; 5.50%, 07/31/2047 <sup>(a)</sup> | 650000 | 569062 |
|  nVent Finance Sarl, 2.75%, 11/15/2031 | 302000 | 272039 |
|  Siemens Funding BV, 4.90%, 05/28/2032 <sup>(a)</sup> | 202000 | 208102 |
| Smurfit Westrock Financing DAC | Smurfit Westrock Financing DAC | Smurfit Westrock Financing DAC |
| &nbsp;&nbsp; 5.42%, 01/15/2035 | 200000 | 205929 |
| &nbsp;&nbsp; 5.19%, 01/15/2036 | 1000000 | 1007103 |
|  Tyco Electronics Group SA, 5.00%, 05/09/2035 | 148000 | 149806 |
|  Waste Connections, Inc., 2.20%, 01/15/2032 | 176000 | 155380 |
| **Total Industrial** | **Total Industrial** | **5086628** |
| **TECHNOLOGY - 0.0%<sup>(i)</sup>** | **TECHNOLOGY - 0.0%<sup>(i)</sup>** | **TECHNOLOGY - 0.0%<sup>(i)</sup>** |
|  IBM International Capital Pte Ltd., 4.75%, 02/05/2031 | 363000 | **369517** |
| **UTILITIES - 0.5%** | **UTILITIES - 0.5%** | **UTILITIES - 0.5%** |
|  Abu Dhabi National Energy Co. PJSC, 2.00%, 04/29/2028 <sup>(a)</sup> | 200000 | 190695 |
|  Alfa Desarrollo SpA, 4.55%, 09/27/2051 <sup>(a)</sup> | 196896 | 158410 |
|  Algonquin Power & Utilities Corp., 5.37%, 06/15/2026 <sup>(c)</sup> | 340000 | 341604 |
|  AltaGas Ltd., 7.20% to 10/15/2034 then 5 yr. CMT Rate + 3.57%, 10/15/2054 <sup>(a)</sup> | 2225000 | 2306751 |
|  California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 6.38%, 02/15/2032 <sup>(a)</sup> | 1900000 | 1903133 |
| Comision Federal de Electricidad | Comision Federal de Electricidad | Comision Federal de Electricidad |
| &nbsp;&nbsp; 4.69%, 05/15/2029 <sup>(a)</sup> | 400000 | 396234 |
| &nbsp;&nbsp; 6.45%, 01/24/2035 <sup>(a)</sup> | 1000000 | 1029802 |
|  Consorcio Transmantaro SA, 4.70%, 04/16/2034 <sup>(a)</sup> | 430000 | 427721 |
|  Enel Finance International NV, 5.13%, 06/26/2029 <sup>(a)</sup> | 1300000 | 1333156 |
|  Eskom Holdings, 6.35%, 08/10/2028 <sup>(a)</sup> | 200000 | 207128 |
|  Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/2033 <sup>(a)</sup> | 318750 | 328528 |
| **Total Utilities** | **Total Utilities** | **8623162** |
| **TOTAL FOREIGN CORPORATE BONDS** (Cost $122,148,400) | **TOTAL FOREIGN CORPORATE BONDS** (Cost $122,148,400) | **123899776** |
| **MUNICIPAL BONDS - 2.5%** | **MUNICIPAL BONDS - 2.5%** | **MUNICIPAL BONDS - 2.5%** |
| **ALASKA - 0.1%** | **ALASKA - 0.1%** | **ALASKA - 0.1%** |
|  City of Port Lions AK, 7.50%, 10/01/2052 | 1510000 | **1574430** |
| **Arizona - 0.3%** | **Arizona - 0.3%** | **Arizona - 0.3%** |
| Arizona Industrial Development Authority | Arizona Industrial Development Authority | Arizona Industrial Development Authority |
| &nbsp;&nbsp; 3.25%, 07/01/2031 (Obligor: KIPP NYC Public Charter Schools) | 650000 | 593423 |
| &nbsp;&nbsp; 4.94%, 10/01/2031 (Obligor: The Reinvestment Fund Inc) | 1000000 | 1010713 |
|  Salt River Project Agricultural Improvement & Power District, 4.84%, 01/01/2041 | 2500000 | 2456579 |
| **Total Arizona** | **Total Arizona** | **4060715** |
| **CALIFORNIA - 0.8%** | **CALIFORNIA - 0.8%** | **CALIFORNIA - 0.8%** |
|  Bay Area Toll Authority, 6.26%, 04/01/2049 | 150000 | 158239 |
| City & County of San Francisco CA | City & County of San Francisco CA | City & County of San Francisco CA |
| &nbsp;&nbsp; 3.70%, 06/15/2026 | 2500000 | 2501474 |
| &nbsp;&nbsp; 5.77%, 06/15/2045 | 2500000 | 2559615 |
| &nbsp;&nbsp; 5.45%, 06/15/2064 | 1000000 | 967854 |
|  City & County of San Francisco CA Community Facilities District No 2014-1, 3.48%, 09/01/2050 | 1000000 | 708968 |
| City of Los Angeles CA | City of Los Angeles CA | City of Los Angeles CA |
| &nbsp;&nbsp; 3.50%, 09/01/2037 | 315000 | 279756 |
| &nbsp;&nbsp; 4.80%, 09/01/2039 | 1000000 | 998535 |
| &nbsp;&nbsp; 5.00%, 09/01/2042 | 1000000 | 984411 |
|  City of Oakland CA, 5.79%, 07/15/2045 | 1000000 | 1003098 |
|  San Francisco City & County Public Utilities Commission Wastewater Revenue, 4.66%, 10/01/2027 | 1400000 | 1421554 |
|  San Jose Financing Authority, 4.66%, 05/01/2037 | 500000 | 491265 |
|  San Luis Obispo County Financing Authority, 5.57%, 09/01/2040 | 500000 | 519670 |
|  State of California, 7.35%, 11/01/2039 | 275000 | 321400 |
| **Total California** | **Total California** | **12915839** |
| **COLORADO - 0.0%<sup>(i)</sup>** | **COLORADO - 0.0%<sup>(i)</sup>** | **COLORADO - 0.0%<sup>(i)</sup>** |
|  Denver City & County Housing Authority, 4.13%, 06/01/2028 (Obligor: 4965 Washington Street Ll) | 750000 | **750713** |
| **CONNECTICUT - 0.1%** | **CONNECTICUT - 0.1%** | **CONNECTICUT - 0.1%** |
|  Connecticut Green Bank, 2.90%, 11/15/2035 (Obligor: Connecticut Light & Power Co. (The)) | 1000000 | **892251** |
| **HAWAII - 0.1%** | **HAWAII - 0.1%** | **HAWAII - 0.1%** |
|  City & County of Honolulu HI, 4.79%, 07/01/2032 | 1130000 | 1172503 |
|  State of Hawaii Department of Business Economic Development & Tourism, 3.24%, 01/01/2031 | 650632 | 641761 |
| **Total Hawaii** | **Total Hawaii** | **1814264** |
| **INDIANA - 0.0%<sup>(i)</sup>** | **INDIANA - 0.0%<sup>(i)</sup>** | **INDIANA - 0.0%<sup>(i)</sup>** |
|  City of Fort Wayne IN, 10.75%, 12/01/2029 (Obligor: Do Good Foods Fort Wayne Obligated Group) <sup>(b)</sup> | 234358 | 24 |
|  Indiana Finance Authority, 3.05%, 01/01/2051 (Obligor: East End Crossing Partners LLC) | 215000 | 156634 |
| **Total Indiana** | **Total Indiana** | **156658** |
| **MARYLAND - 0.1%** | **MARYLAND - 0.1%** | **MARYLAND - 0.1%** |
| Maryland Economic Development Corp. | Maryland Economic Development Corp. | Maryland Economic Development Corp. |
| &nbsp;&nbsp; 5.43%, 05/31/2056 | 915000 | 878702 |
| &nbsp;&nbsp; 5.94%, 05/31/2057 (Obligor: University of Maryland) | 1000000 | 1003986 |
|  Montgomery County Housing Opportunities Commission, 5.42%, 12/01/2044 | 500000 | 486481 |
| **Total Maryland** | **Total Maryland** | **2369169** |
| **MINNESOTA - 0.1%** | **MINNESOTA - 0.1%** | **MINNESOTA - 0.1%** |
|  Minnesota Housing Finance Agency, 5.95%, 08/01/2054 | 750000 | 750915 |
|  University of Minnesota, 4.05%, 04/01/2052 | 380000 | 305930 |
| **Total Minnesota** | **Total Minnesota** | **1056845** |
| **NEW HAMPSHIRE - 0.2%** | **NEW HAMPSHIRE - 0.2%** | **NEW HAMPSHIRE - 0.2%** |
| New Hampshire Business Finance Authority | New Hampshire Business Finance Authority | New Hampshire Business Finance Authority |
| &nbsp;&nbsp; 4.08%, 02/01/2029 (Obligor: Hanwha Q Cells USA, Inc.) <sup>(a)(d)</sup> | 1750000 | 1750000 |
| &nbsp;&nbsp; 5.69%, 11/01/2045 (Obligor: Abilene Christian University) | 750000 | 744099 |
| **Total New Hampshire** | **Total New Hampshire** | **2494099** |
| **NEW JERSEY - 0.0%<sup>(i)</sup>** | **NEW JERSEY - 0.0%<sup>(i)</sup>** | **NEW JERSEY - 0.0%<sup>(i)</sup>** |
|  Morris County Improvement Authority, 1.05%, 06/15/2026 | 200000 | 197674 |
|  New Jersey Turnpike Authority, 7.41%, 01/01/2040 | 300000 | 359563 |
| **New Jersey** | **New Jersey** | **557237** |
| **NEW YORK - 0.4%** | **NEW YORK - 0.4%** | **NEW YORK - 0.4%** |
| City of New York NY | City of New York NY | City of New York NY |
| &nbsp;&nbsp; 5.09%, 10/01/2049 | 750000 | 705608 |
| &nbsp;&nbsp; 5.39%, 10/01/2055 | 705000 | 681253 |
|  Freddie Mac Multifamily ML Certificates, 4.05%, 08/25/2038 | 966458 | 921975 |
|  Freddie Mac Multifamily Variable Rate Certificate, 3.15%, 10/15/2036 | 974430 | 871919 |
| New York City Housing Development Corp. | New York City Housing Development Corp. | New York City Housing Development Corp. |
| &nbsp;&nbsp; 4.27%, 02/01/2030 | 250000 | 251679 |
| &nbsp;&nbsp; 5.88%, 08/01/2045 (Obligor: Bay View Pact Llc) | 1200000 | 1206695 |
| &nbsp;&nbsp; 5.88%, 02/01/2055 | 1000000 | 994517 |
|  New York State Energy Research & Development Authority, 6.22%, 04/01/2040 | 600000 | 618354 |
|  United Nations Development Corp., 6.54%, 08/01/2055 | 450000 | 480181 |
| **Total Total New York** | **Total Total New York** | **6732181** |
| **OHIO - 0.1%** | **OHIO - 0.1%** | **OHIO - 0.1%** |
|  Columbus Metropolitan Housing Authority, 5.05%, 04/01/2030 | 500000 | 507063 |
|  Toledo Lucas County Public Library, 4.75%, 12/01/2033 | 325000 | 336887 |
|  Toledo-Lucas County Port Authority, 5.85%, 11/15/2049 | 1000000 | 978006 |
| **Total Ohio** | **Total Ohio** | **1821956** |
| **OREGON - 0.1%** | **OREGON - 0.1%** | **OREGON - 0.1%** |
|  State of Oregon, 5.83%, 05/01/2045 | 1000000 | **1047230** |
| **PENNSYLVANIA - 0.1%** | **PENNSYLVANIA - 0.1%** | **PENNSYLVANIA - 0.1%** |
|  Redevelopment Authority of the City of Philadelphia, 5.23%, 09/01/2040 | 1000000 | **1006887** |
| **SOUTH DAKOTA - 0.0%<sup>(i)</sup>** | **SOUTH DAKOTA - 0.0%<sup>(i)</sup>** | **SOUTH DAKOTA - 0.0%<sup>(i)</sup>** |
|  South Dakota Housing Development Authority, 5.46%, 05/01/2053 | 220000 | **224253** |
| **WISCONSIN - 0.0%<sup>(i)</sup>** | **WISCONSIN - 0.0%<sup>(i)</sup>** | **WISCONSIN - 0.0%<sup>(i)</sup>** |
|  Public Finance Authority, 5.29%, 07/01/2029 (Obligor: BlueHub Loan Fund, Inc.) | 550000 | 556547 |
| **TOTAL MUNICIPAL BONDS** (Cost $40,350,877) | **TOTAL MUNICIPAL BONDS** (Cost $40,350,877) | **40031274** |
| **FOREIGN GOVERNMENT AGENCIES - 1.5%** | **FOREIGN GOVERNMENT AGENCIES - 1.5%** | **FOREIGN GOVERNMENT AGENCIES - 1.5%** |
| **CANADA –-0.9%** | **CANADA –-0.9%** | **CANADA –-0.9%** |
| Export Development Canada | Export Development Canada | Export Development Canada |
| &nbsp;&nbsp; 3.88%, 02/14/2028 | 1800000 | 1810311 |
| &nbsp;&nbsp; 4.00%, 06/20/2030 | 4075000 | 4113188 |
| &nbsp;&nbsp; 4.75%, 06/05/2034 | 1000000 | 1043659 |
|  Province of British Columbia Canada, 4.20%, 07/06/2033 | 260000 | 258081 |
| Province of Ontario Canada | Province of Ontario Canada | Province of Ontario Canada |
| &nbsp;&nbsp; 1.13%, 10/07/2030 | 2500000 | 2200520 |
| &nbsp;&nbsp; 5.05%, 04/24/2034 | 1000000 | 1045777 |
| Province of Quebec Canada | Province of Quebec Canada | Province of Quebec Canada |
| &nbsp;&nbsp; 2.75%, 04/12/2027 | 1000000 | 987883 |
| &nbsp;&nbsp; 1.90%, 04/21/2031 | 1000000 | 899493 |
| &nbsp;&nbsp; 4.50%, 09/08/2033 | 1000000 | 1012290 |
| &nbsp;&nbsp; 4.25%, 09/05/2034 | 2000000 | 1975015 |
| **Total Canada** | **Total Canada** | **15346217** |
| **FRANCE - 0.1%** | **FRANCE - 0.1%** | **FRANCE - 0.1%** |
|  Caisse d'Amortissement de la Dette Sociale, 4.88%, 09/19/2026 <sup>(a)</sup> | 1000000 | **1007180** |
| **HONDURAS - 0.1%** | **HONDURAS - 0.1%** | **HONDURAS - 0.1%** |
|  Central American Bank for Economic Integration, 4.75%, 01/24/2028 <sup>(a)</sup> | 1000000 | **1016475** |
| **ITALY - 0.0%<sup>(i)</sup>** | **ITALY - 0.0%<sup>(i)</sup>** | **ITALY - 0.0%<sup>(i)</sup>** |
| Cassa Depositi e Prestiti SpA | Cassa Depositi e Prestiti SpA | Cassa Depositi e Prestiti SpA |
| &nbsp;&nbsp; 5.88%, 04/30/2029 <sup>(a)</sup> | 200000 | 210707 |
| &nbsp;&nbsp; 4.38%, 10/01/2030 <sup>(a)</sup> | 200000 | 200046 |
| **Total Italy** | **Total Italy** | **410753** |
| **JAPAN - 0.1%** | **JAPAN - 0.1%** | **JAPAN - 0.1%** |
|  Japan Bank for International Cooperation, 4.38%, 10/05/2027 | 1000000 | 1011395 |
|  Japan International Cooperation Agency, 4.25%, 05/22/2030 | 470000 | 475766 |
| **Total Japan** | **Total Japan** | **1487161** |
| **NETHERLANDS - 0.2%** | **NETHERLANDS - 0.2%** | **NETHERLANDS - 0.2%** |
|  BNG Bank NV, 3.50%, 05/19/2028 <sup>(a)</sup> | 1000000 | 996606 |
| Nederlandse Waterschapsbank NV | Nederlandse Waterschapsbank NV | Nederlandse Waterschapsbank NV |
| &nbsp;&nbsp; 4.00%, 06/01/2028 <sup>(a)</sup> | 1500000 | 1511627 |
| &nbsp;&nbsp; 4.38%, 02/28/2029 <sup>(a)</sup> | 1000000 | 1019910 |
| **Total Netherlands** | **Total Netherlands** | **3528143** |
| **SAUDI ARABIA - 0.1%** | **SAUDI ARABIA - 0.1%** | **SAUDI ARABIA - 0.1%** |
|  Arab Energy Fund, 5.43%, 05/02/2029 <sup>(l)</sup> | 1695000 | **1751845** |
| **SOUTH KOREA - 0.0%<sup>(i)</sup>** | **SOUTH KOREA - 0.0%<sup>(i)</sup>** | **SOUTH KOREA - 0.0%<sup>(i)</sup>** |
| Korea National Oil Corp. | Korea National Oil Corp. | Korea National Oil Corp. |
| &nbsp;&nbsp; 4.75%, 04/03/2026 <sup>(a)</sup> | 200000 | 200322 |
| &nbsp;&nbsp; 4.88%, 04/03/2028 <sup>(a)</sup> | 205000 | 209009 |
| **Total South Korea** | **Total South Korea** | **409331** |
| **TOTAL FOREIGN GOVERNMENT AGENCIES** (Cost $24,776,615) | **TOTAL FOREIGN GOVERNMENT AGENCIES** (Cost $24,776,615) | **24957105** |
| **FOREIGN GOVERNMENT OBLIGATIONS - 1.0%** | **FOREIGN GOVERNMENT OBLIGATIONS - 1.0%** | **FOREIGN GOVERNMENT OBLIGATIONS - 1.0%** |
| **BERMUDA - 0.0%<sup>(i)</sup>** | **BERMUDA - 0.0%<sup>(i)</sup>** | **BERMUDA - 0.0%<sup>(i)</sup>** |
|  Bermuda Government International Bond, 2.38%, 08/20/2030 <sup>(a)</sup> | 200000 | **181200** |
| **BRAZIL - 0.1%** | **BRAZIL - 0.1%** | **BRAZIL - 0.1%** |
|  Brazilian Government International Bond, 5.50%, 02/04/2033 | 1000000 | **985700** |
| **CANADA - 0.2%** | **CANADA - 0.2%** | **CANADA - 0.2%** |
|  Canada Government International Bond, 4.00%, 03/18/2030 | 1000000 | 1010428 |
|  CDP Financial, Inc., 1.00%, 05/26/2026 <sup>(a)</sup> | 1000000 | 989123 |
|  OMERS Finance Trust, 4.00%, 04/19/2052 <sup>(a)</sup> | 1000000 | 766057 |
| **Total Canada** | **Total Canada** | **2765608** |
| **HUNGARY - 0.0%<sup>(i)</sup>** | **HUNGARY - 0.0%<sup>(i)</sup>** | **HUNGARY - 0.0%<sup>(i)</sup>** |
|  Hungary Government International Bond, 5.38%, 09/26/2030 <sup>(a)</sup> | 460000 | **472400** |
| **INDONESIA - 0.1%** | **INDONESIA - 0.1%** | **INDONESIA - 0.1%** |
| Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond |
| &nbsp;&nbsp; 3.50%, 01/11/2028 | 280000 | 277358 |
| &nbsp;&nbsp; 5.60%, 01/15/2035 | 1090000 | 1151522 |
| **Total Indonesia** | **Total Indonesia** | **1428880** |
| **ISRAEL - 0.1%** | **ISRAEL - 0.1%** | **ISRAEL - 0.1%** |
|  Israel Government International Bond, 5.38%, 02/19/2030 | 917000 | **948470** |
| **ITALY - 0.1%** | **ITALY - 0.1%** | **ITALY - 0.1%** |
| Republic of Italy Government International Bond | Republic of Italy Government International Bond | Republic of Italy Government International Bond |
| &nbsp;&nbsp; 4.00%, 10/17/2049 | 1000000 | 765484 |
| &nbsp;&nbsp; 3.88%, 05/06/2051 | 200000 | 146808 |
| **Total Italy** | **Total Italy** | **912292** |
| **MEXICO - 0.1%** | **MEXICO - 0.1%** | **MEXICO - 0.1%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| &nbsp;&nbsp; 5.38%, 03/22/2033 | 200000 | 198200 |
| &nbsp;&nbsp; 6.00%, 05/07/2036 | 461000 | 466993 |
| &nbsp;&nbsp; 6.88%, 05/13/2037 | 933000 | 995511 |
| &nbsp;&nbsp; 6.63%, 01/29/2038 | 200000 | 208700 |
| &nbsp;&nbsp; 4.28%, 08/14/2041 | 260000 | 208780 |
| **Total Mexico** | **Total Mexico** | **2078184** |
| **OMAN - 0.0%<sup>(i)</sup>** | **OMAN - 0.0%<sup>(i)</sup>** | **OMAN - 0.0%<sup>(i)</sup>** |
|  Oman Government International Bond, 4.75%, 06/15/2026 <sup>(a)</sup> | 815000 | **815341** |
| **PANAMA - 0.0%<sup>(i)</sup>** | **PANAMA - 0.0%<sup>(i)</sup>** | **PANAMA - 0.0%<sup>(i)</sup>** |
|  Panama Government International Bond, 6.70%, 01/26/2036 | 100000 | **107460** |
| **PERU - 0.0%<sup>(i)</sup>** | **PERU - 0.0%<sup>(i)</sup>** | **PERU - 0.0%<sup>(i)</sup>** |
|  Peruvian Government International Bond, 2.78%, 01/23/2031 | 107000 | **98659** |
| **POLAND - 0.0%<sup>(i)</sup>** | **POLAND - 0.0%<sup>(i)</sup>** | **POLAND - 0.0%<sup>(i)</sup>** |
|  Republic of Poland Government International Bond, 5.38%, 02/12/2035 | 715000 | **741204** |
| **ROMANIA - 0.1%** | **ROMANIA - 0.1%** | **ROMANIA - 0.1%** |
|  Romanian Government International Bond, 5.75%, 09/16/2030 <sup>(a)</sup> | 1770000 | **1825728** |
| **SAUDI ARABIA - 0.0%<sup>(i)</sup>** | **SAUDI ARABIA - 0.0%<sup>(i)</sup>** | **SAUDI ARABIA - 0.0%<sup>(i)</sup>** |
|  Saudi Government International Bond, 5.13%, 01/13/2028 <sup>(a)</sup> | 755000 | **771031** |
| **SERBIA - 0.1%** | **SERBIA - 0.1%** | **SERBIA - 0.1%** |
| Serbia International Bond | Serbia International Bond | Serbia International Bond |
| &nbsp;&nbsp; 2.13%, 12/01/2030 <sup>(a)</sup> | 370000 | 323061 |
| &nbsp;&nbsp; 6.00%, 06/12/2034 <sup>(a)</sup> | 850000 | 878762 |
| **Total Serbia** | **Total Serbia** | **1201823** |
| **SOUTH KOREA - 0.1%** | **SOUTH KOREA - 0.1%** | **SOUTH KOREA - 0.1%** |
|  Korea Electric Power Corp., 4.13%, 11/12/2030 <sup>(a)</sup> | 1000000 | 996654 |
| **TOTAL FOREIGN GOVERNMENT OBLIGATIONS** (Cost $16,444,316) | **TOTAL FOREIGN GOVERNMENT OBLIGATIONS** (Cost $16,444,316) | **16330634** |
| **SUPRANATIONAL BONDS - 1.0%** | **SUPRANATIONAL BONDS - 1.0%** | **SUPRANATIONAL BONDS - 1.0%** |
| African Development Bank | African Development Bank | African Development Bank |
| &nbsp;&nbsp; 4.13%, 02/25/2027 | 1000000 | 1005243 |
| &nbsp;&nbsp; 3.50%, 09/18/2029 | 1000000 | 993671 |
|  Asian Development Bank, 3.13%, 09/26/2028 | 1500000 | 1481566 |
|  Asian Infrastructure Investment Bank (The), 4.88%, 09/14/2026 | 1000000 | 1008030 |
|  Corp. Andina de Fomento, 5.00%, 01/24/2029 | 365000 | 375948 |
| European Investment Bank | European Investment Bank | European Investment Bank |
| &nbsp;&nbsp; 2.38%, 05/24/2027 | 1000000 | 983825 |
| &nbsp;&nbsp; 0.63%, 10/21/2027 | 700000 | 664612 |
| &nbsp;&nbsp; 3.25%, 11/15/2027 | 1110000 | 1104467 |
| &nbsp;&nbsp; 0.75%, 09/23/2030 | 1000000 | 870684 |
|  Inter-American Development Bank, 1.13%, 07/20/2028 | 383000 | 360179 |
| International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development |
| &nbsp;&nbsp; 0.00%, 03/31/2027 <sup>(g)</sup> | 1000000 | 952794 |
| &nbsp;&nbsp; 0.75%, 11/24/2027 | 345000 | 327466 |
| &nbsp;&nbsp; 0.00% (N/A), 03/31/2028 <sup>(d)</sup> | 1000000 | 990830 |
| &nbsp;&nbsp; 1.09%, 03/31/2032 <sup>(c)</sup> | 2500000 | 2502907 |
|  International Finance Facility for Immunisation Co., 1.00%, 04/21/2026 <sup>(l)</sup> | 1000000 | 991552 |
|  Kreditanstalt fuer Wiederaufbau, 0.75%, 09/30/2030 | 1000000 | 872245 |
|  OPEC Fund for International Development (The), 4.50%, 01/26/2026 <sup>(a)</sup> | 1000000 | 1000224 |
| **TOTAL SUPRANATIONAL BONDS** (Cost $16,723,147) | **TOTAL SUPRANATIONAL BONDS** (Cost $16,723,147) | **16486243** |
| **BANK LOANS - 0.1%** | **BANK LOANS - 0.1%** | **BANK LOANS - 0.1%** |
| **UTILITIES - 0.1%** | **UTILITIES - 0.1%** | **UTILITIES - 0.1%** |
|  Constellation Renewables LLC, Senior Secured First Lien, 5.82% (3 mo. SOFR US + 2.00%), 12/15/2027 (Cost $792,661) | 795593 | **797916** |
| **Investments** | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS - 11.0%** | **EXCHANGE-TRADED FUNDS - 11.0%** | **EXCHANGE-TRADED FUNDS - 11.0%** |
| iShares 10-20 Year Treasury Bond ETF | 467762 | 47557363 |
| iShares Core U.S. Aggregate Bond ETF | 1292347 | 129079618 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $174,062,982) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $174,062,982) | **176636981** |
| **PREFERRED STOCKS - 0.1%** | **PREFERRED STOCKS - 0.1%** | **PREFERRED STOCKS - 0.1%** |
| **FINANCIAL - 0.1%** | **FINANCIAL - 0.1%** |  |
|  Gladstone Investment Corp., 4.88%, 11/01/2028 <sup>(m)</sup> (Cost $1,830,000) | 73200 | **1746552** |
| **SHORT-TERM INVESTMENTS - 0.7%** | **SHORT-TERM INVESTMENTS - 0.7%** | **SHORT-TERM INVESTMENTS - 0.7%** |
| BlackRock Liquidity FedFund - Institutional Class, 3.65% <sup>(n)</sup> (Cost $11,886,448) | 11886448 | **11886448** |
| **TOTAL INVESTMENTS - 99.4% (**Cost $1,615,819,976**)** | **TOTAL INVESTMENTS - 99.4% (**Cost $1,615,819,976**)** | $**1603395439** |
| **OTHER ASSETS AND LIABILITIES, NET** - 0.6% | **OTHER ASSETS AND LIABILITIES, NET** - 0.6% | **9979873** |
| **NET ASSETS - 100.0%** |  | $**1613375312** |

---

---

| | |
|:---|:---|
| (a) | *Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $434,934,236 or 27.0% of the Fund's net assets.* |
| (b) | *Issuer is currently in default.* |
| (c) | *Step coupon bond. Coupon rate increases or decreases in increments to maturity. The rate disclosed is as of December 31, 2025. Maturity date shown is the final maturity.* |
| (d) | *Adjustable or floating rate security. Rate shown reflects rate in effect at period-end. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.* |
| (e) | *Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.* |
| (f) | *Interest only security.* |
| (g) | *Zero coupon bonds make no periodic interest payments.* |
| (h) | *A portion of this security is pledged as collateral for open derivatives positions. As of December 31, 2025, the value of these securities was $481,184, representing 0.0% of net assets.* |
| (i) | *Represents less than 0.05% of net assets.* |
| (j) | *Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.* |
| (k) | *This security accrues interest which is added to the outstanding principal balance. The interest payment will be deferred until all other tranches in the structure are paid off. The rate disclosed is as of December 31, 2025.* |
| (l) | *Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption registration. The security has been deemed liquid under guidelines approved by the Fund's Board of Trustees. As of December 31, 2025, the value of these securities total $2,743,397 or 0.2% of the Fund's net assets.* |
| (m) | *Non-income producing security.* |
| (n) | *The rate shown represents the 7-day annualized effective yield as of December 31, 2025.* |
| *AMERIBOR* | *American Interbank Offered Rate* |
| *ASA* | *Advanced Subscription Agreement* |
| *CLO* | *Collateralized Loan Obligation* |
| *CMT* | *Constant Maturity Treasury Rate* |
| *ETF* | *Exchange-Traded Fund* |
| *LIBOR* | *London Interbank Offered Rate* |
| *REIT* | *Real Estate Investment Trust* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STRIP* | *Separate Trading of Registered Interest and Principal* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures contracts open at December 31, 2025:** | **Futures contracts open at December 31, 2025:** | **Futures contracts open at December 31, 2025:** | **Futures contracts open at December 31, 2025:** | **Futures contracts open at December 31, 2025:** | |
| **Description** | **Type** | **Contracts** | **Expiration Date** | **Notional Amount** | **Total Unrealized Appreciation (Depreciation)** |
| **CONTRACTS PURCHASED - 6.3%** | **CONTRACTS PURCHASED - 6.3%** | **CONTRACTS PURCHASED - 6.3%** | **CONTRACTS PURCHASED - 6.3%** | **CONTRACTS PURCHASED - 6.3%** | **CONTRACTS PURCHASED - 6.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra 10 Year Notes | Long | 122000 | 03/20/2026 | $14031906 | $(48511) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | Long | 145000 | 03/20/2026 | 16303438 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | Long | 330000 | 03/31/2026 | 34450195 | 6841 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Notes | Long | 330000 | 03/31/2026 | 36070547 | (96774) |
|  |  |  |  | $100856086 | $(137941) |
| **CONTRACTS SOLD - (0.3)%** | **CONTRACTS SOLD - (0.3)%** | **CONTRACTS SOLD - (0.3)%** | **CONTRACTS SOLD - (0.3)%** | **CONTRACTS SOLD - (0.3)%** | **CONTRACTS SOLD - (0.3)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Long Bonds | Long | (6000) | 03/20/2026 | $(693562) | $12179 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Bonds | Long | (38000) | 03/20/2026 | (4484000) | (8371) |
|  |  |  |  | $(5177562) | $3808 |
|  |  |  |  | $95678524 | $(134133) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** | **Swap contracts open at December 31, 2025:** |
| **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  | **Centrally Cleared Credit Default Swap Agreements**<br> ****  |
| **Reference Obligations/Index** | **Financing Rate** <br> **Received (Paid)** <br> **by the Fund** | **Payment Frequency** | **Credit Spread at**<br> **December 31, 2025**<br> **(basis points)** | **Termination Date** | **Notional Amount** <br> (000s) | **Value** | **Upfront Premiums** <br> **Paid (Received)** | **Unrealized** <br> **Appreciation**<br> (Depreciation) |
| CDX.NA.IG.45.V1 | 1.000% | Quarterly | 39.830 | 12/20/2030 | $6613 | $149743 | $147740 | $2003 |

---

**Centrally Cleared Interest Rate Swap Agreements**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Payments Made by the Fund** | **Payment Frequency** | **Termination Date** | **Notional Amount** <br> (000s) | **Notional Amount** <br> (000s) | **Value** | **Value** | **Upfront Premiums** <br> **Paid (Received)** | **Upfront Premiums** <br> **Paid (Received)** | **Unrealized** <br> **Appreciation**<br> (Depreciation) |
| 4.699%<br> 12M SOFR<sup>(a)</sup> | Monthly | 09/25/2026 | $| 515 | $| (4271) | $| 23 | $(4294) |
| (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. | (a)&nbsp;&nbsp;&nbsp;&nbsp; The current rate shown as of December 26, 2025 was 3.76%. |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: | The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2025: |
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Corporate Bonds | $– | $370117511 | $– | $370117511 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | – | 285544495 | – | 285544495 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 231869766 | – | 231869766 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Obligations | – | 177661891 | – | 177661891 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities | – | 125428847 | – | 125428847 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | – | 123899776 | – | 123899776 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 40031274 | – | 40031274 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Agencies | – | 24957105 | – | 24957105 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Obligations | – | 16330634 | – | 16330634 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Supranational Bonds | – | 16486243 | – | 16486243 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 797916 | – | 797916 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange-Traded Funds | 176636981 | – | – | 176636981 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 1746552 | – | – | 1746552 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 11886448 | – | – | 11886448 |
| **Total Investments**\* | $190269981 | $1413125458 | $– | $1603395439 |
| **Other Financial Instruments\*\*:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $19523 | $– | $– | $19523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swap Agreements | – | 2003 | – | 2003 |
| **Total - Other Financial Instruments** | $19523 | $2003 | $– | $21526 |
| **Liabilities:** |  |  |  |  |
| **Other Financial Instruments\*\*:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $(153656) | $– | $– | $(153656) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Swap Agreements | – | (4294) | – | (4294) |
| **Total - Other Financial Instruments** | $(153656) | $(4294) | $– | $(157950) |
| *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* | *\* See Schedule of Investments for additional detailed categorizations.* |
| *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* | *\*\* Futures Contracts and Swap Contracts are valued at the unrealized appreciation (depreciation) of the instrument.* |

---

------

#### PFM Multi-Manager Series Trust

#### Notes to Schedule of Investments (unaudited)

#### December 31, 2025

#### Organization
PFM Multi-Manager Series Trust (Trust) was organized as a Delaware statutory trust on December 21, 2016, and is registered under the Investment Company Act of 1940, as amended (1940 Act), as an open-end management investment company. The Trust offers the following series: First American Multi-Manager Domestic Equity Fund (Domestic Equity Fund), First American Multi-Manager International Equity Fund (International Equity Fund) and First American Multi-Manager Fixed-Income Fund (Fixed-Income Fund) (each a Fund and, collectively, the Funds). Each Fund consists of Institutional Class, Advisor Class and Class R shares. As of December 31, 2025, only the Institutional Class has commenced operations. The Funds are diversified for the purposes of the 1940 Act.

The Domestic Equity Fund seeks to provide long-term capital appreciation. The International Equity Fund seeks to provide long-term capital appreciation. The Fixed-Income Fund seeks to maximize total return (capital appreciation and income) consistent with reasonable risk.

#### Investment Valuation
The Funds value their assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.

The three levels of the fair value hierarchy are as follows:

---

| | |
|:---|:---|
| **Level 1** – | Quoted prices in active markets for identical assets or liabilities. |

---

---

| | |
|:---|:---|
| **Level 2** – | Inputs, other than quoted prices included in Level 1, that are observable either directly or indirectly,<br> including quoted prices for similar investments based on interest rates, credit risk and like factors.<br> Securities traded primarily in non-U.S. markets which are fair valued are generally categorized as Level 2<br> in the hierarchy. |

---

---

| | |
|:---|:---|
| **Level 3** – | Inputs that are unobservable and significant to the entire fair value measurement, including the Fund's own<br> assumptions for determining fair value. |

---

The value of each Fund's investments according to the fair value hierarchy as of December 31, 2025, is disclosed in each Fund's respective Schedule of Investments.

The Funds' investments in financial instruments are carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Funds calculate the net asset value (NAV) per share as of 4:00 p.m. Eastern time each day the New York Stock Exchange (NYSE) is open for trading. Under compliance policies and procedures approved by the Trust's Board of Trustees (Board), the Board has designated the Adviser, U.S. Bancorp Asset Management, Inc. (USBAM or, the Adviser), as the Funds' valuation designee under Rule 2a-5 of the 1940 Act and as such the Adviser performs day-to-day valuation of investments held by the Funds, subject to oversight of the Board. The Adviser has established a Valuation Committee (VC) to serve as its formal oversight body for the valuation of each Fund's portfolio holdings in accordance with policies and procedures adopted by the Board. The VC provides administration and oversight of the Funds' valuation policy and the Adviser's valuation procedures. Among other things, these procedures allow the Adviser to utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value. Portfolio securities that are primarily traded on a foreign securities exchange are generally valued at the U.S. dollar equivalent of the preceding closing values for the securities on their exchanges. If an investment is valued in a currency other than U.S. dollars, its value shall be converted into U.S. dollars at the mean of the last available bid and offer prices of such currencies against U.S. dollars quoted on a valuation date by any recognized dealer. In determining whether market quotations are reliable or readily available, various factors are taken into consideration, such as market closures or suspension of trading in a security. The Adviser may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Funds value their securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, after-market trading, or news events may have occurred in the interim. To account for this, the Adviser may value foreign securities using fair value prices based on third-party vendor modeling tools.

#### Equity Securities
Equity securities, including restricted securities and preferred stocks, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third-party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy. Rights and warrants are valued at the last reported sale price obtained from independent pricing services or brokers on the valuation date. If no price is obtained from pricing services or brokers, valuation will be based upon the intrinsic value pursuant to the valuation policy and procedures approved by the Board.

Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.

#### Debt Securities
Debt securities, including restricted securities, are valued based on evaluated prices received from third-party pricing vendors or from brokers who make markets in such securities. Corporate bonds, foreign government and government agency obligations, municipal securities and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset backed securities, collateralized mortgage obligations and U.S. government agency mortgage securities are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third-party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

#### Futures Contracts
The Funds use exchange-traded futures contracts to a limited extent with the objective of using uninvested cash to gain exposure to certain equity and fixed income markets, maintain liquidity, and minimize transaction costs. Futures contracts are valued at their quoted daily settlement prices and are categorized as Level 1 in the hierarchy. Fluctuations in the value of the contracts are recorded as an asset (liability).

Upon entering into a futures contract, a Fund deposits and maintains as collateral such initial margin as required by the exchange on which the transaction is affected. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are recorded by the Fund as unrealized appreciation or depreciation. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

#### Forward Foreign Currency Exchange Contracts

The Funds use forward foreign currency exchange contracts to a limited extent with the objective of hedging against adverse movements in the foreign currencies in which portfolio securities are denominated. Forward foreign currency exchange contracts are marked-to-market daily using third-party pricing vendors who utilize matrix pricing which considers the terms of the contract, including notional amount and contract maturity, and other inputs including currency exchange rates, or counterparty-supplied prices. When independent prices are unavailable or unreliable, forward foreign currency exchange contracts may be valued utilizing pricing methodologies which consider similar factors that would be used by third-party vendors. Changes in value, if any, are recorded as unrealized appreciation or depreciation until the contract is exercised or expires. A Fund will realize a gain or loss when the forward foreign currency exchange contract is closed or expires. Foreign currency exchange contracts are generally categorized as Level 2 in the hierarchy.

#### Swap Contracts
Swap contracts are marked-to-market daily using third-party pricing vendor quotations, or counterparty or clearinghouse prices, and the change in value, if any, is recorded as an unrealized gain or loss. Interest rate swaps are valued by pricing vendors who utilize matrix pricing which considers a discounted cash flow model based on the terms of the contract, including the notional amount and contract maturity, and multiple inputs, including, where applicable, yield curves, prepayment rates, and currency exchange rates, or by counterparty or clearinghouse-supplied prices. Interest rate swaps are generally categorized in Level 2 of the fair value hierarchy. Credit default swaps are valued by pricing vendors who utilize matrix pricing which considers the terms of the contract, including the notional amount and contract maturity, and multiple inputs including yield curves, recovery rates, and credit spreads, or by counterparty or clearinghouse-supplied prices. Credit default swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Upon entering into a swap contract, the Fund is required to satisfy an initial margin requirement by delivering cash or securities to the counterparty, or in some cases, segregated in a triparty account on behalf of the counterparty, which can be adjusted by any mark-to-market gains or losses pursuant to the contract. For centrally cleared swaps, the daily change in valuation, if any, is recorded as a receivable or payable for variation margin.

For additional information on the Funds' policy regarding valuation of investments and other significant accounting policies, please refer to the Funds' most recent semi-annual or annual shareholder report.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PFM Multi-Manager Series Trust

- **b. Investment Company Act file number:** 811-23282

- **c. CIK number of Registrant:** 0001696729

- **d. LEI of Registrant:** 549300DFOM6D3CO0F144

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

  - **Street Address 1:** 213 Market Street

  - **City:** Harrisburg

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 17101

  - **Telephone number:** 1-800-527-5412

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

- **a. Name of Series:** First American Multi-Manager International Equity Fund

- **b. EDGAR series identifier (if any):** S000059563

- **c. LEI of Series:** 5493002U88DL75Y6L037

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $982761261.22

**Total Liabilities:** $1091049.04

**Net Assets:** $981670212.18

**Cash Not Reported:** $180182.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195104 | 0.68%                | -0.30%               | 1.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3457642.30              | $3146314.05                                |
| Month 2  | $1937193.59              | $-4868399.85                               |
| Month 3  | $1039787.08              | $2463495.92                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Next PLC                       | Next PLC                                                  | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |       724 | NS      | $133204.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG            | Erste Group Bank AG                                       | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     30475 | NS      | $3666432.34   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Munich Re                      | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      3402 | NS      | $2246604.39   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Fisher & Paykel Healthcare Cor | Fisher & Paykel Healthcare Corp Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |     15570 | NS      | $338712.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                      | Nokia Oyj                                                 | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     18389 | NS      | $118976.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Makiya Co Ltd                  | Makiya Co Ltd                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $8491.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries L | Sumitomo Electric Industries Ltd                          | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |      1700 | NS      | $68831.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG             | Deutsche Boerse AG                                        | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      8060 | NS      | $2117046.43   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                                          | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     12993 | NS      | $5369591.96   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                        | Eni SpA                                                   | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |     17117 | NS      | $324677.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                      | Safran SA                                                 | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     25815 | NS      | $8983118.61   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Rentokil Initial PLC           | Rentokil Initial PLC                                      | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |    194312 | NS      | $1160591.65   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                      | Orion Oyj                                                 | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |       309 | NS      | $22922.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                     | Symrise AG                                                | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |      9539 | NS      | $771902.02    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PAX Global Technology Ltd      | PAX Global Technology Ltd                                 | CUSIP: N/A<br>LEI: 5299008CRGPD1WZXCD36       | Long             | EC               | CORP              | HK        |    138000 | NS      | $89363.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                                         | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    147584 | NS      | $1287216.88   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Xinhua Education Group L | China Xinhua Education Group Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    150000 | NS      | $10738.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                                             | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | PE        |      9432 | NS      | $2706984.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners | Coca-Cola Europacific Partners PLC                        | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |     23140 | NS      | $2098798.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                           | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     48600 | NS      | $8951693.07   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd         | Aristocrat Leisure Ltd                                    | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |     69374 | NS      | $2690338.17   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                              | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     59447 | NS      | $1512926.15   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Melcor Developments Ltd        | Melcor Developments Ltd                                   | CUSIP: 585467103<br>LEI: 549300RYMI0PJCFQBB05 | Long             | EC               | CORP              | CA        |      2000 | NS      | $22206.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV              | Wolters Kluwer NV                                         | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      6142 | NS      | $637701.04    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbus A/S                   | Columbus A/S                                              | CUSIP: N/A<br>LEI: 213800WP2W676G7HLJ94       | Long             | EC               | CORP              | DK        |      1227 | NS      | $1842.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ST Engineering                 | Singapore Technologies Engineering Ltd                    | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |      7900 | NS      | $51542.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brother Industries Ltd         | Brother Industries Ltd                                    | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |      4400 | NS      | $87784.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chen Hsong Holdings            | Chen Hsong Holdings                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |     38098 | NS      | $7682.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMS Integration Ltd            | UMS Integration Ltd                                       | CUSIP: Y9050L106<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    180800 | NS      | $199072.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Grou | Sumitomo Mitsui Financial Group Inc                       | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     34400 | NS      | $1107107.61   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    196000 | NS      | $9575262.00   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                                         | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     18600 | NS      | $397887.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-Ichi Cutter Kogyo KK       | Dai-Ichi Cutter Kogyo KK                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2800 | NS      | $25031.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SingTel                        | Singapore Telecommunications Ltd                          | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    155800 | NS      | $552006.65    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Zumtobel Group AG              | Zumtobel Group AG                                         | CUSIP: N/A<br>LEI: 529900IIODYNYAZ2ID26       | Long             | EC               | CORP              | AT        |      1953 | NS      | $7791.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                   | CaixaBank SA                                              | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    103542 | NS      | $1264478.14   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                 | Commerzbank AG                                            | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |     32631 | NS      | $1381467.47   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BW Offshore Ltd                | BW Offshore Ltd                                           | CUSIP: N/A<br>LEI: 2138008LFKH8V2EOA915       | Long             | EC               | CORP              | NO        |     13379 | NS      | $59939.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co KGaA         | Fresenius SE & Co KGaA                                    | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     57248 | NS      | $3294925.75   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| REA Group Ltd                  | REA Group Ltd                                             | CUSIP: N/A<br>LEI: 894500KA4UBDATOFPN36       | Long             | EC               | CORP              | AU        |       106 | NS      | $12974.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Schwab International Equity ET | Schwab International Equity ETF                           | CUSIP: 808524805<br>LEI: 5493003PP4X6ZGIBL520 | Long             | EC               | RF                | US        |  13429121 | NS      | $322836068.84 | 32.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG           | Schindler Holding AG                                      | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |      2242 | NS      | $844921.35    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PC Partner Group Ltd           | PC Partner Group Ltd                                      | CUSIP: N/A<br>LEI: 529900MAAHYMVMP4UX68       | Long             | EC               | CORP              | HK        |     16000 | NS      | $10708.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| M1 Kliniken AG                 | M1 Kliniken AG                                            | CUSIP: N/A<br>LEI: 529900W697S31A26WT02       | Long             | EC               | CORP              | DE        |      1141 | NS      | $25417.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund    | BlackRock Liquidity FedFund                               | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  10794196 | NS      | $10794196.12  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                     | Genmab A/S                                                | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      1103 | NS      | $340843.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                        | E.ON SE                                                   | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    139992 | NS      | $2653811.66   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Lufthansa AG          | Deutsche Lufthansa AG                                     | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |     25997 | NS      | $257068.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NRJ Group                      | NRJ Group                                                 | CUSIP: N/A<br>LEI: 969500IQLBCOOICLAB88       | Long             | EC               | CORP              | FR        |      1377 | NS      | $13036.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd          | Daikin Industries Ltd                                     | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |      8800 | NS      | $1129682.75   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Co Ltd                     | CTS Co Ltd                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4600 | NS      | $30716.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings Inc            | Nomura Holdings Inc                                       | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |     32200 | NS      | $267853.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                    | Novartis AG                                               | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     19021 | NS      | $2627526.74   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co Ltd          | Daiichi Sankyo Co Ltd                                     | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |      1500 | NS      | $31946.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| dotdigital group plc           | dotdigital group plc                                      | CUSIP: N/A<br>LEI: 2138006LZ7HHQ6DWFD42       | Long             | EC               | CORP              | GB        |     46816 | NS      | $42528.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GR Engineering Services Ltd    | GR Engineering Services Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     29714 | NS      | $88327.63     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA                               | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     14701 | NS      | $3172714.10   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC           | Endeavour Mining PLC                                      | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |       636 | NS      | $32931.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Invest Belgium SA         | Home Invest Belgium SA                                    | CUSIP: N/A<br>LEI: 54930090SCENRBKUJO67       | Long             | EC               | CORP              | BE        |      1112 | NS      | $24021.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                    | Euronext NV                                               | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |       735 | NS      | $110318.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| dormakaba Holding AG           | dormakaba Holding AG                                      | CUSIP: N/A<br>LEI: 529900QMU5ZH99KMQK13       | Long             | EC               | CORP              | CH        |       520 | NS      | $42047.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technolog | Check Point Software Technologies Ltd                     | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      1728 | NS      | $320647.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      5425 | NS      | $498720.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                                    | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     40001 | NS      | $1389234.73   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA            | Societe Generale SA                                       | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     50739 | NS      | $4087927.74   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp         | Accton Technology Corp                                    | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     38000 | NS      | $1423305.14   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of East Asia Ltd/The      | Bank of East Asia Ltd/The                                 | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | EC               | CORP              | HK        |     86000 | NS      | $147030.51    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel Ltd            | BlueScope Steel Ltd                                       | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               | CORP              | AU        |     25008 | NS      | $400015.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp                    | Sysmex Corp                                               | CUSIP: N/A<br>LEI: 5299001ZO4CKWACMZI55       | Long             | EC               | CORP              | JP        |     26700 | NS      | $263173.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccio | ACS Actividades de Construccion y Servicios SA            | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |      1204 | NS      | $119411.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Sien | Banca Monte dei Paschi di Siena SpA                       | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |    244940 | NS      | $2607542.20   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BRC Asia Ltd                   | BRC Asia Ltd                                              | CUSIP: N/A<br>LEI: 25490023Q985DSFBME10       | Long             | EC               | CORP              | SG        |     14800 | NS      | $48178.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA           | Banco BTG Pactual SA                                      | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |    260002 | NS      | $2509038.87   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      6446 | NS      | $6896317.56   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                | BAE Systems PLC                                           | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    251100 | NS      | $5772520.15   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S         | AP Moller - Maersk A/S                                    | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |       292 | NS      | $673040.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AKWEL SADIR                    | AKWEL SADIR                                               | CUSIP: N/A<br>LEI: 969500SVR0D7W9RQ6751       | Long             | EC               | CORP              | FR        |       736 | NS      | $7092.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                      | Orange SA                                                 | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    195635 | NS      | $3264199.36   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                      | Sanofi SA                                                 | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      2367 | NS      | $229640.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Manitou BF SA                  | Manitou BF SA                                             | CUSIP: N/A<br>LEI: 9695008SHP3XTT9QCM25       | Long             | EC               | CORP              | FR        |       530 | NS      | $11988.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                     | Siemens AG                                                | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     12178 | NS      | $3420017.30   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                                  | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     45033 | NS      | $1995358.45   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd         | ANZ Group Holdings Ltd                                    | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     28559 | NS      | $691055.24    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Horizon Oil Ltd                | Horizon Oil Ltd                                           | CUSIP: N/A<br>LEI: 52990027DG9I87NLGK24       | Long             | EC               | CORP              | AU        |    215936 | NS      | $29486.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Corp                    | Otsuka Corp                                               | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     11400 | NS      | $234682.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Hold | Pan Pacific International Holdings Corp                   | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               | CORP              | JP        |    666000 | NS      | $3968848.88   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd         | Singapore Exchange Ltd                                    | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |     57800 | NS      | $759498.21    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                    | Fujitsu Ltd                                               | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |      1000 | NS      | $27417.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd                       | Nice Ltd                                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      1840 | NS      | $207993.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Lt | Mitsubishi Heavy Industries Ltd                           | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |    182700 | NS      | $4474681.68   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd    | Murata Manufacturing Co Ltd                               | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |      9900 | NS      | $205520.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Seiko Epson Corp               | Seiko Epson Corp                                          | CUSIP: N/A<br>LEI: 549300NIOFQDR749W206       | Long             | EC               | CORP              | JP        |      6100 | NS      | $77307.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ono Pharmaceutical Co Ltd      | Ono Pharmaceutical Co Ltd                                 | CUSIP: N/A<br>LEI: 529900G26L4NG4GFJZ86       | Long             | EC               | CORP              | JP        |      9900 | NS      | $137221.89    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                      | ORIX Corp                                                 | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     15200 | NS      | $441891.55    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd             | Qantas Airways Ltd                                        | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |     44387 | NS      | $306223.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAMAS CONT                  | Singamas Container Holdings Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    276253 | NS      | $24474.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mazda Motor Corp               | Mazda Motor Corp                                          | CUSIP: N/A<br>LEI: 52990044YZJLICDQKK92       | Long             | EC               | CORP              | JP        |     52500 | NS      | $410015.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ibersol SGPS SA                | Ibersol SGPS SA                                           | CUSIP: N/A<br>LEI: 549300ZG20XRKSRKZ238       | Long             | EC               | CORP              | PT        |      2340 | NS      | $27235.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo SpA                   | Leonardo SpA                                              | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |      1342 | NS      | $76877.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA           | Galp Energia SGPS SA                                      | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |    115076 | NS      | $1960386.44   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MonotaRO Co Ltd                | MonotaRO Co Ltd                                           | CUSIP: N/A<br>LEI: 5299005JUER5ANXWTC33       | Long             | EC               | CORP              | JP        |    123300 | NS      | $1980294.15   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Origin Enterprises PLC         | Origin Enterprises PLC                                    | CUSIP: N/A<br>LEI: 213800AIB4U7N5BLS350       | Long             | EC               | CORP              | IE        |      8956 | NS      | $43020.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Empresarial San Jose SA  | Grupo Empresarial San Jose SA                             | CUSIP: N/A<br>LEI: 9598002SMUBZZBE58976       | Long             | EC               | CORP              | ES        |      3607 | NS      | $31749.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Modern Land China Co Ltd       | Modern Land China Co Ltd                                  | CUSIP: N/A<br>LEI: 549300PDOU6AR9Z9IN08       | Long             | EC               | CORP              | CN        |    430000 | NS      | $773.51       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Klingelnberg AG                | Klingelnberg AG                                           | CUSIP: N/A<br>LEI: 5299006LD35WX0UCKR92       | Long             | EC               | CORP              | CH        |       360 | NS      | $5003.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Natural Food International Hol | Natural Food International Holding Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    174681 | NS      | $24378.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Hope Service Holdings Ltd  | New Hope Service Holdings Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     71000 | NS      | $17680.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                                          | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     36470 | NS      | $1858977.93   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Aroa Biosurgery Ltd            | Aroa Biosurgery Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |     35869 | NS      | $17711.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Michelin                       | Cie Generale des Etablissements Michelin SCA              | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |     40179 | NS      | $1332489.99   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                     | Scout24 SE                                                | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |      3087 | NS      | $311155.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsero SpA                     | Orsero SpA                                                | CUSIP: N/A<br>LEI: 8156001895E0F4E7A803       | Long             | EC               | CORP              | IT        |      3283 | NS      | $71392.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                      | Amundi SA                                                 | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |     13020 | NS      | $1076807.40   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                        | Aon PLC                                                   | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |      5420 | NS      | $1912609.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd         | Arch Capital Group Ltd                                    | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |     34990 | NS      | $3356240.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands                            | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |    188410 | NS      | $3153983.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL | Seagate Technology Holdings PLC                           | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |     14150 | NS      | $3896768.50   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                                     | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |      8323 | NS      | $4833249.33   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                 | Monday.com Ltd                                            | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |     10080 | NS      | $1487404.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     31807 | NS      | $2912464.94   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                              | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    599551 | NS      | $3805966.11   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| HAL Trust                      | HAL Trust                                                 | CUSIP: N/A<br>LEI: 5493000O3IE3DNOY3R07       | Long             | EC               | CORP              | CW        |      2776 | NS      | $461318.16    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                   | KBC Group NV                                              | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      5488 | NS      | $713346.38    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KSB SE & Co KGaA               | KSB SE & Co KGaA                                          | CUSIP: N/A<br>LEI: 529900BVAET534PD7C28       | Long             | EC               | CORP              | DE        |        26 | NS      | $29465.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                 | ICICI Bank Ltd                                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    172192 | NS      | $5131321.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila OYJ Abp               | Wartsila OYJ Abp                                          | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |     22113 | NS      | $782354.68    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                                | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       900 | NS      | $1840499.20   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV           | ASM International NV                                      | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |      4020 | NS      | $2423328.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                         | UCB SA                                                    | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |      6907 | NS      | $1926478.45   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co Ltd         | SCREEN Holdings Co Ltd                                    | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |       200 | NS      | $19390.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lasertec Corp                  | Lasertec Corp                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       100 | NS      | $18978.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Midland Holdings Ltd           | Midland Holdings Ltd                                      | CUSIP: N/A<br>LEI: 5493007HC5HKY6RXSQ87       | Long             | EC               | CORP              | HK        |    204000 | NS      | $60156.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheon Automatic Machinery Co L | Rheon Automatic Machinery Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3700 | NS      | $34370.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc       | Japan Exchange Group Inc                                  | CUSIP: N/A<br>LEI: 353800578ADEGIJTVW07       | Long             | EC               | CORP              | JP        |     37500 | NS      | $400250.26    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     60987 | NS      | $5082918.56   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui Kasei Co Ltd           | Sekisui Kasei Co Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5400 | NS      | $13796.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp Ltd               | Venture Corp Ltd                                          | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |     39100 | NS      | $459739.62    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Yushin Co                      | Yushin Co                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5900 | NS      | $26783.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc                           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     31660 | NS      | $5078264.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Emerging Markets Equity | Schwab Emerging Markets Equity ETF                        | CUSIP: 808524706<br>LEI: 549300BX5O2DW26SGM55 | Long             | EC               | RF                | US        |   6504452 | NS      | $213020803.00 | 21.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries | Teva Pharmaceutical Industries Ltd                        | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     30479 | NS      | $951249.59    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc          | Waste Connections Inc                                     | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     10960 | NS      | $1921945.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiffeisen Bank International  | Raiffeisen Bank International AG                          | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |      9646 | NS      | $431349.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone Oyj                       | Kone Oyj                                                  | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |      2063 | NS      | $146324.57    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                                          | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     22243 | NS      | $1449749.63   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA      | Logitech International SA                                 | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |     10590 | NS      | $1078513.64   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JAC Recruitment Co Ltd         | JAC Recruitment Co Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2200 | NS      | $14930.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Idemitsu Kosan Co Ltd          | Idemitsu Kosan Co Ltd                                     | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |     40300 | NS      | $303985.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                   | 3i Group PLC                                              | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     79400 | NS      | $3454471.20   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| B2Gold Corp                    | B2Gold Corp                                               | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |      8700 | NS      | $39172.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd         | Otsuka Holdings Co Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     23700 | NS      | $1338922.60   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                                  | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    761593 | NS      | $11837503.23  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Takaoka Toko Co Ltd            | Takaoka Toko Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1900 | NS      | $47244.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Raffles Medical Group Ltd      | Raffles Medical Group Ltd                                 | CUSIP: N/A<br>LEI: 254900BARSOMRVZFY947       | Long             | EC               | CORP              | SG        |     16900 | NS      | $13410.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HRnetgroup Ltd                 | HRnetgroup Ltd                                            | CUSIP: N/A<br>LEI: 5493005F7ABID7YZD323       | Long             | EC               | CORP              | SG        |    101100 | NS      | $58979.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co Ltd             | WuXi AppTec Co Ltd                                        | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |    126921 | NS      | $1639482.92   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                                      | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |    128000 | NS      | $9808286.31   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Scales Corp Ltd                | Scales Corp Ltd                                           | CUSIP: N/A<br>LEI: 254900IWZH7OUG9T2R86       | Long             | EC               | CORP              | NZ        |      3335 | NS      | $11438.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co Ltd     | Sany Heavy Industry Co Ltd                                | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |    464204 | NS      | $1401774.52   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Bank SA                  | Alpha Bank SA                                             | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    409158 | NS      | $1720637.49   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sangoma Technologies Corp      | Sangoma Technologies Corp                                 | CUSIP: 80100R408<br>LEI: 549300KSQC5ICF3CSE88 | Long             | EC               | CORP              | CA        |      1700 | NS      | $8533.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                              | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    105421 | NS      | $4873303.26   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Info-Tech Systems Integrators  | Info-Tech Systems Integrators Pte Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     33500 | NS      | $20328.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vault Minerals Ltd             | Vault Minerals Ltd                                        | CUSIP: N/A<br>LEI: 5299008TF8KHQ8CIQG34       | Long             | EC               | CORP              | AU        |     96093 | NS      | $348348.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                  | Assa Abloy AB                                             | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |     40163 | NS      | $1557098.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA           | Banca Mediolanum SpA                                      | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |     14793 | NS      | $336840.08    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                    | Wix.com Ltd                                               | CUSIP: N/A<br>LEI: 5493008P6N29Q1AG9464       | Long             | EC               | CORP              | IL        |      3559 | NS      | $369744.51    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Goose Holdings Inc      | Canada Goose Holdings Inc                                 | CUSIP: 135086106<br>LEI: 529900891XBE6RV8JR07 | Long             | EC               | CORP              | CA        |      6004 | NS      | $77751.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival PLC                   | Carnival PLC                                              | CUSIP: 14365C103<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | EC               | CORP              | US        |      2927 | NS      | $88775.91     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd                            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     61670 | NS      | $2088840.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc       | Ferguson Enterprises Inc                                  | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     12220 | NS      | $2720538.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cairo Communication SpA        | Cairo Communication SpA                                   | CUSIP: N/A<br>LEI: 8156000BA1E707067579       | Long             | EC               | CORP              | IT        |      7053 | NS      | $23284.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Palfinger AG                   | Palfinger AG                                              | CUSIP: N/A<br>LEI: 529900IFAV83BX8O1O91       | Long             | EC               | CORP              | AT        |       231 | NS      | $9039.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| APT Satellite Holdings Ltd     | APT Satellite Holdings Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |     94000 | NS      | $33577.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ID Holdings Corp               | ID Holdings Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1600 | NS      | $22257.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Giordano International Ltd     | Giordano International Ltd                                | CUSIP: N/A<br>LEI: 5299002Q4JRP5LUE6V15       | Long             | EC               | CORP              | HK        |    128000 | NS      | $23518.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kita-Nippon Bank Ltd/The       | Kita-Nippon Bank Ltd/The                                  | CUSIP: N/A<br>LEI: 353800BEJYJ7JD023D06       | Long             | EC               | CORP              | JP        |       800 | NS      | $23103.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp                       | NEC Corp                                                  | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |      9300 | NS      | $313587.41    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Far East Orchard Ltd           | Far East Orchard Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     15300 | NS      | $14738.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp         | Yokogawa Electric Corp                                    | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |      4500 | NS      | $144321.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                    | Heineken NV                                               | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |     13000 | NS      | $1063417.14   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuriyama Holdings Corp         | Kuriyama Holdings Corp                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $9532.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA       | Jeronimo Martins SGPS SA                                  | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |     13321 | NS      | $317310.66    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gesco SE                       | Gesco SE                                                  | CUSIP: N/A<br>LEI: 894500DZXXD0LOZYIC55       | Long             | EC               | CORP              | DE        |      1042 | NS      | $17450.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Carpenter Tan Holdings Ltd     | Carpenter Tan Holdings Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     41500 | NS      | $42156.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV  | Koninklijke Ahold Delhaize NV                             | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     30968 | NS      | $1270082.47   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KLN Logistics Group Ltd        | KLN Logistics Group Ltd                                   | CUSIP: N/A<br>LEI: 254900G739TFTQCVKO70       | Long             | EC               | CORP              | HK        |    173038 | NS      | $157424.40    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Odfjell Technology Ltd         | Odfjell Technology Ltd                                    | CUSIP: N/A<br>LEI: 529900ZYHGCPTAD1R169       | Long             | EC               | CORP              | GB        |      6777 | NS      | $37959.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA   | Gaztransport Et Technigaz SA                              | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |       723 | NS      | $132642.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunrise Communications AG      | Sunrise Communications AG                                 | CUSIP: N/A<br>LEI: 213800RS9HRGTWOGCO08       | Long             | EC               | CORP              | CH        |     18032 | NS      | $964984.72    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co Ltd  | Eastroc Beverage Group Co Ltd                             | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |     38809 | NS      | $1483995.48   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM-Firmenich AG               | DSM-Firmenich AG                                          | CUSIP: N/A<br>LEI: 506700G44V67MPM4BI12       | Long             | EC               | CORP              | CH        |      9507 | NS      | $768261.92    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp                                           | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     73113 | NS      | $3356949.66   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Multitude AG                   | Multitude AG                                              | CUSIP: N/A<br>LEI: 74370078YLPFWHE33716       | Long             | EC               | CORP              | CH        |      1918 | NS      | $13207.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeris Resources Ltd            | Aeris Resources Ltd                                       | CUSIP: N/A<br>LEI: 25490046Z9WWYJ493G64       | Long             | EC               | CORP              | AU        |    199327 | NS      | $79838.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                      | Linde PLC                                                 | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |      5350 | NS      | $2281186.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC              | Ashtead Group PLC                                         | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |     28988 | NS      | $1977700.76   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                      | Argenx SE                                                 | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       366 | NS      | $307787.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| A2A SpA                        | A2A SpA                                                   | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | EC               | CORP              | IT        |    180434 | NS      | $489288.44    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc            | Astellas Pharma Inc                                       | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |      9900 | NS      | $132273.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC          | Aldar Properties PJSC                                     | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |    629212 | NS      | $1490562.15   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    383600 | NS      | $3940144.79   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Aumovio SE                     | Aumovio SE                                                | CUSIP: N/A<br>LEI: 391200IGI9RQ7VTOK384       | Long             | EC               | CORP              | DE        |      1939 | NS      | $97709.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Martinrea International Inc    | Martinrea International Inc                               | CUSIP: 573459104<br>LEI: 5493004U3PUN21MLJG41 | Long             | EC               | CORP              | CA        |      6179 | NS      | $46639.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd              | Futu Holdings Ltd                                         | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | HK        |      1278 | NS      | $209860.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                                       | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |      6047 | NS      | $494215.91    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1360 | NS      | $2739393.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichikoh Industries Ltd         | Ichikoh Industries Ltd                                    | CUSIP: N/A<br>LEI: 353800KP9IZ3RU1GNE32       | Long             | EC               | CORP              | JP        |      4900 | NS      | $16091.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OKP Holdings Ltd               | OKP Holdings Ltd                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     53600 | NS      | $52848.17     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shinyaku Co Ltd         | Nippon Shinyaku Co Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      7000 | NS      | $252210.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO GlobalSign Holdings KK     | GMO GlobalSign Holdings KK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $13541.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fountaine Pajot SA             | Fountaine Pajot SA                                        | CUSIP: N/A<br>LEI: 969500YFSB44H6OIWV39       | Long             | EC               | CORP              | FR        |        82 | NS      | $9976.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intron Technology Holdings Ltd | Intron Technology Holdings Ltd                            | CUSIP: N/A<br>LEI: 2549000K50PPEQEXN586       | Long             | EC               | CORP              | HK        |     90000 | NS      | $22832.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                                   | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     55800 | NS      | $3183225.57   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Aeronautics Ltd      | Hindustan Aeronautics Ltd                                 | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |     28629 | NS      | $1397900.51   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd     | Japan Post Holdings Co Ltd                                | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |     82800 | NS      | $870710.40    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| accesso Technology Group PLC   | accesso Technology Group PLC                              | CUSIP: N/A<br>LEI: 213800VY7MXUO7STIN73       | Long             | EC               | CORP              | GB        |      6576 | NS      | $29342.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                     | Diageo PLC                                                | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |     51524 | NS      | $1109858.71   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC         | Standard Chartered PLC                                    | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     27967 | NS      | $682979.87    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd                          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     44590 | NS      | $3283161.70   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                 | Rheinmetall AG                                            | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      2951 | NS      | $5411248.31   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BBVA                           | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |     94248 | NS      | $2204471.26   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                  | Nemetschek SE                                             | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |     19173 | NS      | $2090609.28   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA             | Banco Santander SA                                        | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    386562 | NS      | $4536239.57   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG               | Deutsche Bank AG                                          | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     37948 | NS      | $1475972.28   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Aisin Corp                     | Aisin Corp                                                | CUSIP: N/A<br>LEI: 3538004IOK08PDY6I723       | Long             | EC               | CORP              | JP        |     11000 | NS      | $205719.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajis Co Ltd                    | Ajis Co Ltd                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $15110.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     11623 | NS      | $350737.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Daihatsu Infinearth Mfg Co Ltd | Daihatsu Infinearth Mfg Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1600 | NS      | $25930.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eisai Co Ltd                   | Eisai Co Ltd                                              | CUSIP: N/A<br>LEI: 353800HDEE0ZYEX4QV91       | Long             | EC               | CORP              | JP        |     33000 | NS      | $979035.89    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp      | Korea Electric Power Corp                                 | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |     76246 | NS      | $2478184.54   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanyo Corp                     | Nanyo Corp                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1600 | NS      | $14698.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                | Nintendo Co Ltd                                           | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |    103800 | NS      | $7011622.31   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd    | Northern Star Resources Ltd                               | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |    138632 | NS      | $2459119.97   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                                           | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    303100 | NS      | $7747283.96   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                 | Advantest Corp                                            | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      5200 | NS      | $656468.80    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     27388 | NS      | $2024556.64   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Temenos AG                     | Temenos AG                                                | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |       459 | NS      | $45856.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                                            | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     21037 | NS      | $1990636.06   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA         | Cie de Saint-Gobain SA                                    | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     15722 | NS      | $1595986.02   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                   | Klepierre SA                                              | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     17439 | NS      | $690478.79    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd   | Techtronic Industries Co Ltd                              | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |      9000 | NS      | $103399.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Centerra Gold Inc              | Centerra Gold Inc                                         | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |      9100 | NS      | $131008.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pico Far East Holdings Ltd     | Pico Far East Holdings Ltd                                | CUSIP: N/A<br>LEI: 254900NL3DXVIEY4HJ17       | Long             | EC               | CORP              | HK        |    264607 | NS      | $90991.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Noram Drilling AS              | Noram Drilling AS                                         | CUSIP: N/A<br>LEI: 549300YA98I8QIPGWZ72       | Long             | EC               | CORP              | NO        |      6101 | NS      | $19969.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Es | Cia de Saneamento Basico do Estado de Sao Paulo SABESP    | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |    121260 | NS      | $2944684.34   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Piquadro SpA                   | Piquadro SpA                                              | CUSIP: N/A<br>LEI: 815600D3E9B19E14FC79       | Long             | EC               | CORP              | IT        |      6750 | NS      | $19733.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cloetta AB                     | Cloetta AB                                                | CUSIP: N/A<br>LEI: 549300CSLHPO6Y1AZN37       | Long             | EC               | CORP              | SE        |      9157 | NS      | $40112.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                  | Akzo Nobel NV                                             | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |     13613 | NS      | $945474.09    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                       | Alcon AG                                                  | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     18762 | NS      | $1490330.51   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                    | Kinaxis Inc                                               | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |       600 | NS      | $75660.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group NV                    | NN Group NV                                               | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     14189 | NS      | $1092315.93   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                     | Boliden AB                                                | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |     13167 | NS      | $728663.64    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co NV/The     | Magnum Ice Cream Co NV/The                                | CUSIP: N/A<br>LEI: 25490052LLF3XH6G9847       | Long             | EC               | CORP              | NL        |      4195 | NS      | $67126.31     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp               | Samsung C&T Corp                                          | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |     13422 | NS      | $2211151.74   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     18648 | NS      | $1222313.07   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd                    | South32 Ltd                                               | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |     43156 | NS      | $102455.31    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV               | ABN AMRO Bank NV                                          | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     64478 | NS      | $2250603.26   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                       | Adyen NV                                                  | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |      1990 | NS      | $3192896.21   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                                             | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      6619 | NS      | $1775877.70   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Saputo Inc                     | Saputo Inc                                                | CUSIP: 802912105<br>LEI: 549300HH4U1DPY0TBT90 | Long             | EC               | CORP              | CA        |       800 | NS      | $24077.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                   | GEA Group AG                                              | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |      4457 | NS      | $302600.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                         | SAP SE                                                    | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     18240 | NS      | $4462927.63   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Technotrans SE                 | Technotrans SE                                            | CUSIP: N/A<br>LEI: 5299003IANGEF3R55G44       | Long             | EC               | CORP              | DE        |       922 | NS      | $37127.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Emak SpA                       | Emak SpA                                                  | CUSIP: N/A<br>LEI: 815600A9C09D82FF2B66       | Long             | EC               | CORP              | IT        |     21988 | NS      | $23843.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabasoft AG                    | Fabasoft AG                                               | CUSIP: N/A<br>LEI: 391200WHND7OZEFNNL77       | Long             | EC               | CORP              | AT        |      1638 | NS      | $30620.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SA SA INT'L                    | Sa Sa International Holdings Ltd                          | CUSIP: N/A<br>LEI: 529900BAE9P80ACWLV78       | Long             | EC               | CORP              | HK        |    132000 | NS      | $10166.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp                     | FANUC Corp                                                | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |     32400 | NS      | $1260998.10   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd | Shinhan Financial Group Co Ltd                            | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     50957 | NS      | $2719311.43   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Macmahon Holdings Ltd          | Macmahon Holdings Ltd                                     | CUSIP: N/A<br>LEI: 52990031UMN8E6ARZC86       | Long             | EC               | CORP              | AU        |    136065 | NS      | $60304.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VTech Holdings Ltd             | VTech Holdings Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |      3200 | NS      | $25161.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokowo Co Ltd                  | Yokowo Co Ltd                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2300 | NS      | $33071.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA         | Yara International ASA                                    | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |      6377 | NS      | $261283.91    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |     43330 | NS      | $5527608.10   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp              | Kinross Gold Corp                                         | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     87333 | NS      | $2459869.43   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Automotive ASA       | Kongsberg Automotive ASA                                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXJDCG21       | Long             | EC               | CORP              | CH        |     94473 | NS      | $19435.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SBM Offshore NV                | SBM Offshore NV                                           | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |     39229 | NS      | $1125344.80   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                   | Experian PLC                                              | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | IE        |     77569 | NS      | $3508159.99   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi | Yangzijiang Shipbuilding Holdings Ltd                     | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | CN        |    172100 | NS      | $465954.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co | SITC International Holdings Co Ltd                        | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | HK        |    116043 | NS      | $414588.94    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings Inc             | ENEOS Holdings Inc                                        | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |    102700 | NS      | $725748.74    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                                                | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |      5540 | NS      | $2062729.81   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp             | Eldorado Gold Corp                                        | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      3300 | NS      | $118603.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp              | FirstService Corp                                         | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |       500 | NS      | $77756.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeal Network SE                | Zeal Network SE                                           | CUSIP: N/A<br>LEI: 391200EIRBXU4TUMMQ46       | Long             | EC               | CORP              | DE        |       608 | NS      | $37541.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Trifork Group AG               | Trifork Group AG                                          | CUSIP: N/A<br>LEI: 8945004BYZKXPESTBL36       | Long             | EC               | CORP              | CH        |      1308 | NS      | $18683.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo Oyj                      | Sampo Oyj                                                 | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |      8202 | NS      | $99419.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Electric Holdings Ltd  | Johnson Electric Holdings Ltd                             | CUSIP: N/A<br>LEI: 529900EDYRQ6K25JEC80       | Long             | EC               | CORP              | HK        |     13000 | NS      | $49256.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortuna Mining Corp            | Fortuna Mining Corp                                       | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |     20224 | NS      | $198180.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG              | Galderma Group AG                                         | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |       725 | NS      | $147162.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV   | Wal-Mart de Mexico SAB de CV                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    600832 | NS      | $1868810.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                 | TechnipFMC PLC                                            | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |     27635 | NS      | $1231415.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV         | Grupo Mexico SAB de CV                                    | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    352118 | NS      | $3328084.61   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                        | GSK PLC                                                   | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     31616 | NS      | $1550448.64   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE                       | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      2067 | NS      | $1558309.80   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Indra Sistemas SA              | Indra Sistemas SA                                         | CUSIP: N/A<br>LEI: 95980020140005308793       | Long             | EC               | CORP              | ES        |     27205 | NS      | $1542631.95   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF     | iShares Core MSCI EAFE ETF                                | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |      1629 | NS      | $145730.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken  | Skandinaviska Enskilda Banken AB                          | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |      7890 | NS      | $166562.11    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV         | Koninklijke Philips NV                                    | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |      9388 | NS      | $254085.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd          | Fast Retailing Co Ltd                                     | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      5300 | NS      | $1922056.95   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fleetwood Ltd                  | Fleetwood Ltd                                             | CUSIP: N/A<br>LEI: 549300LT0ZUXCGI95197       | Long             | EC               | CORP              | AU        |      7752 | NS      | $13735.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanamoto Co Ltd                | Kanamoto Co Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $22505.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YUE YUEN IND                   | Yue Yuen Industrial Holdings Ltd                          | CUSIP: N/A<br>LEI: 254900YUFIBANZ1XU687       | Long             | EC               | CORP              | HK        |    107000 | NS      | $219370.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CBo Territoria                 | CBo Territoria                                            | CUSIP: N/A<br>LEI: 969500G118PJ7KZ4HQ90       | Long             | EC               | CORP              | FR        |      4714 | NS      | $20156.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitehaven Coal Ltd            | Whitehaven Coal Ltd                                       | CUSIP: N/A<br>LEI: 529900WCZ4I6ZO3RRP86       | Long             | EC               | CORP              | AU        |     13388 | NS      | $69189.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Air | International Consolidated Airlines Group SA              | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | GB        |     60461 | NS      | $334773.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG               | Coca-Cola HBC AG                                          | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     55015 | NS      | $2849034.02   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Xin Point Holdings Ltd         | Xin Point Holdings Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     34000 | NS      | $16694.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                           | Contemporary Amperex Technology Co Ltd                    | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     51321 | NS      | $2686769.37   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Aviation SA           | Dassault Aviation SA                                      | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |        48 | NS      | $15381.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG              | Siemens Energy AG                                         | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    111248 | NS      | $15722403.51  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                                              | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     45743 | NS      | $1285888.72   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CES Energy Solutions Corp      | CES Energy Solutions Corp                                 | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |      2100 | NS      | $18773.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Speedy Hire PLC                | Speedy Hire PLC                                           | CUSIP: N/A<br>LEI: 213800U78SIYAZDYXM61       | Long             | EC               | CORP              | GB        |     27025 | NS      | $9094.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                | Pro Medicus Ltd                                           | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |      2572 | NS      | $376619.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd             | Honda Motor Co Ltd                                        | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     17300 | NS      | $169347.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd  | Jardine Matheson Holdings Ltd                             | CUSIP: G50736100<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |      3000 | NS      | $204610.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc     | Mizuho Financial Group Inc                                | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |     98200 | NS      | $3565808.95   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Motor Co Ltd            | Nissan Motor Co Ltd                                       | CUSIP: N/A<br>LEI: 353800DRBDH1LUTNAY26       | Long             | EC               | CORP              | JP        |     71700 | NS      | $178087.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ricoh Co Ltd                   | Ricoh Co Ltd                                              | CUSIP: N/A<br>LEI: 549300HFIB2GRUMDID72       | Long             | EC               | CORP              | JP        |     25000 | NS      | $219479.04    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     18120 | NS      | $2916776.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Halfords Group PLC             | Halfords Group PLC                                        | CUSIP: N/A<br>LEI: 54930086FKBWWJIOBI79       | Long             | EC               | CORP              | GB        |     21670 | NS      | $41035.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hudbay Minerals Inc            | Hudbay Minerals Inc                                       | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |      7000 | NS      | $138974.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                   | Prysmian SpA                                              | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |     13816 | NS      | $1377618.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM China Holdings Ltd         | MGM China Holdings Ltd                                    | CUSIP: N/A<br>LEI: 529900VZFN87OS7WJM66       | Long             | EC               | CORP              | MO        |     45200 | NS      | $75866.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc             | Sompo Holdings Inc                                        | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     99200 | NS      | $3377243.90   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The             | Sage Group PLC/The                                        | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |      7347 | NS      | $106984.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                | Nordea Bank Abp                                           | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     10456 | NS      | $197098.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                     | Haleon PLC                                                | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    354751 | NS      | $1795086.35   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Hafnia Ltd                     | Hafnia Ltd                                                | CUSIP: N/A<br>LEI: 5493001KCFT0SCGJ2647       | Long             | EC               | CORP              | SG        |      3936 | NS      | $21206.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Naturhouse Health SAU          | Naturhouse Health SAU                                     | CUSIP: N/A<br>LEI: 95980007WW7TNTYX8B36       | Long             | EC               | CORP              | ES        |       579 | NS      | $1494.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEOJAPAN Inc                   | NEOJAPAN Inc                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1600 | NS      | $18511.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co Ltd         | Japan Post Bank Co Ltd                                    | CUSIP: N/A<br>LEI: 5493006JVO6N2HC2XZ76       | Long             | EC               | CORP              | JP        |      5700 | NS      | $80164.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Trinity Industrial Corp        | Trinity Industrial Corp                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $12418.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd                 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     30690 | NS      | $9326384.10   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment C | Wharf Real Estate Investment Co Ltd                       | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | HK        |     43000 | NS      | $135492.22    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Trend Micro Inc/Japan          | Trend Micro Inc/Japan                                     | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |     12900 | NS      | $534152.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd         | DBS Group Holdings Ltd                                    | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     62300 | NS      | $2726520.19   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiko Bank Ltd/The             | Taiko Bank Ltd/The                                        | CUSIP: N/A<br>LEI: 3538003H3GIODN7ZSJ40       | Long             | EC               | CORP              | JP        |      1500 | NS      | $19781.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                                        | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      3800 | NS      | $834546.67    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyokumo Inc                   | Toyokumo Inc                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $15824.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexterra Group Inc             | Dexterra Group Inc                                        | CUSIP: 252371109<br>LEI: 254900KY2GHS3ZIGTA09 | Long             | EC               | CORP              | CA        |      2275 | NS      | $19293.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynacor Group Inc              | Dynacor Group Inc                                         | CUSIP: 26780B106<br>LEI: 529900UPKS0A0VKOJK73 | Long             | EC               | CORP              | CA        |      5600 | NS      | $23949.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    127170 | NS      | $2999940.30   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                       | Telefonaktiebolaget LM Ericsson                           | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    101605 | NS      | $980488.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG                    | HOCHTIEF AG                                               | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |       950 | NS      | $376009.58    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd              | Bharti Airtel Ltd                                         | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    123054 | NS      | $2886737.67   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                     | Denso Corp                                                | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |     43100 | NS      | $594538.31    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cogstate Ltd                   | Cogstate Ltd                                              | CUSIP: N/A<br>LEI: 254900VP9WAWA180NC18       | Long             | EC               | CORP              | AU        |     15498 | NS      | $23197.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd                   | Brambles Ltd                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    171990 | NS      | $2636319.09   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Genesis Minerals Ltd           | Genesis Minerals Ltd                                      | CUSIP: N/A<br>LEI: 894500AK5BVRCNP0FP48       | Long             | EC               | CORP              | AU        |      9070 | NS      | $43600.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bonterra Energy Corp           | Bonterra Energy Corp                                      | CUSIP: 098546104<br>LEI: 529900VJOU2CH2WZ6949 | Long             | EC               | CORP              | CA        |      4600 | NS      | $15148.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                   | Enerflex Ltd                                              | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |      3309 | NS      | $51013.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-ichi Life Holdings Inc     | Dai-ichi Life Holdings Inc                                | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |     38000 | NS      | $315484.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Foxtons Group PLC              | Foxtons Group PLC                                         | CUSIP: N/A<br>LEI: 5493001HCMG6R1MYKC59       | Long             | EC               | CORP              | GB        |     31033 | NS      | $24819.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Capricorn Metals Ltd           | Capricorn Metals Ltd                                      | CUSIP: N/A<br>LEI: 529900CRG304NUYMOV23       | Long             | EC               | CORP              | AU        |     11583 | NS      | $110437.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                        | GSK PLC                                                   | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     58198 | NS      | $1430242.19   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-23

**Name of Applicant:** PFM Multi-Manager Series Trust

**Signature:** /s/ Patrick R. Carmody

**Name of Signer:** Patrick R. Carmody

**Title:** Treasurer