# EDGAR Filing Document

**Accession Number:** 0001364924
**File Stem:** 0000035402-26-002687
**Filing Date:** 2026-4
**Character Count:** 221067
**Document Hash:** 78a3934b850d0bdc0cb977de7fd94a21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-002687.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000035402-26-002687

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Rutland Square Trust II
- **CENTRAL INDEX KEY:** 0001364924

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21991
- **FILM NUMBER:** 26895592

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Strategic Advisers Fidelity Short Duration Fund (Series ID: S000098163)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000267840 | Strategic Advisers Fidelity Short Duration Fund | FFPLX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Strategic Advisers® Fidelity® Short Duration Fund**

*Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public*

**February 28, 2026**

SDF-NPRT3-0426

1.9921313.100 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 0.4%** | &nbsp;&nbsp;**Asset-Backed Securities - 0.4%** | &nbsp;&nbsp;**Asset-Backed Securities - 0.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| BAILIWICK OF JERSEY - 0.0%  |  |  |
| Neuberger Berman Ln Advisers Nbla CLO Ltd / Neuberger Berman Ln Series 2026-50A Class BR2, CME Term SOFR 3 month Index + 1.35%, 5.0089% 7/23/2036 (d)(e)(f) | 750000 | 750101 |
| Neuberger Berman Loan Advisers CLO Ltd Series 2026-51A Class AR2, CME Term SOFR 3 month Index + 1%, 4.6677% 10/23/2036 (d)(e)(f) | 750000 | 749996 |
| TOTAL BAILIWICK OF JERSEY |  | 1500097 |
| GRAND CAYMAN (UK OVERSEAS TER) - 0.1%  |  |  |
| 522 Fdg CLO Ltd / 522 Fdg CLO Series 2026-5A Class AR2, CME Term SOFR 3 month Index + 1.02%, 4.6796% 4/15/2035 (d)(e)(f) | 740000 | 740155 |
| Ares Lx Clo Ltd Series 2026-60A Class CR, CME Term SOFR 3 month Index + 1.75%, 5.4176% 7/18/2034 (d)(e)(f) | 875000 | 875038 |
| Bain Cap Cr CLO Ltd / Bain Cap Cr CLO LLC Series 2026-4A Class A1RR, CME Term SOFR 3 month Index + 1%, 0% 10/20/2034 (d)(e)(f) | 750000 | 750037 |
| Carlyle Global Market Strategies Series 2026-1A Class A1R, CME Term SOFR 3 month Index + 0.98%, 4.6522% 4/15/2035 (d)(e)(f) | 750000 | 750037 |
| Cifc AR Mtge Series 2026-3A Class AR, CME Term SOFR 3 month Index + 0.95%, 4.6197% 4/21/2035 (d)(e)(f) | 750000 | 749996 |
| Lcm Ltd Series 2026-39A Class A1R2, CME Term SOFR 3 month Index + 1.04%, 4.703% 10/15/2034 (d)(e)(f) | 460000 | 459997 |
| Ozlm Xix Ltd Series 2026-19A Class A1R3, CME Term SOFR 3 month Index + 1%, 4.6633% 1/15/2035 (d)(e)(f) | 635000 | 635117 |
| Thayer Park Clo Ltd Series 2025-1A Class BRR, CME Term SOFR 3 month Index + 1.95%, 5.6176% 4/20/2034 (d)(e)(f) | 750000 | 751072 |
| TOTAL GRAND CAYMAN (UK OVERSEAS TER) |  | 5711449 |
| UNITED STATES - 0.3%  |  |  |
| Affirm Master Trust Series 2025-2A Class A, 4.67% 7/15/2033 (d) | 245000 | 246747 |
| Ally Bank/UT Series 2024-A Class B, 5.827% 5/17/2032 (d) | 530695 | 539871 |
| Ally Bank/UT Series 2025-B Class B, 4.501% 9/15/2033 (d) | 362259 | 364461 |
| Ally Bank/UT Series 2025-B Class C, 4.697% 9/15/2033 (d) | 314821 | 317125 |
| Amur Equipment Finance Receivables Xi LLC Series 2022-2A Class C, 6.27% 1/22/2029 (d) | 675000 | 679692 |
| Auxilior Term Funding LLC Series 2023-1A Class A2, 6.18% 12/15/2028 (d) | 33072 | 33163 |
| Avis Budget Rental Car Funding AESOP LLC Series 2024-3A Class B, 5.58% 12/20/2030 (d) | 500000 | 519242 |
| Drive Auto Receivables Trust Series 2024-2 Class C, 4.67% 5/17/2032  | 750000 | 756446 |
| Driven Brands Fdg LLC / Driven Brands CDA Fdg Corp Series 2021-1A Class A2, 2.791% 10/20/2051 (d) | 700569 | 666531 |
| GM Financial Automobile Leasing Trust Series 2026-1 Class B, 4.12% 1/22/2030  | 70000 | 70377 |
| Hardee's Funding LLC / Carl's Jr Funding LLC Series 2024-1A Class A2, 7.253% 3/20/2054 (d) | 642353 | 665906 |
| Huntington Bank Auto Credit-Linked Notes Series 2025-2 Class B2, U.S. 30-Day Avg. SOFR Index + 1.2%, 4.8615% 9/20/2033 (d)(e)(f) | 206671 | 207239 |
| Hyundai Auto Receivables Trust Series 2026-A Class C, 4.31% 6/15/2033  | 90000 | 90607 |
| Navient Refinance Loan Trust Series 2026-A Class A, 4.5% 1/18/2056 (d) | 160000 | 160342 |
| NMEF Funding LLC Series 2026-A Class C, 4.71% 2/15/2034 (d) | 100000 | 100688 |
| Octane Receivables Trust Series 2025-RVM1 Class C, 5.26% 12/20/2046 (d) | 1000000 | 1018829 |
| Pstat Series 2026-2A Class A2R, CME Term SOFR 3 month Index + 1.15%, 1.15% 1/15/2033 (d)(e)(f) | 1000000 | 1000000 |
| Santander Drive Auto Receivables Trust Series 2026-1 Class A3, 3.93% 7/15/2030  | 145000 | 145305 |
| SEB Funding LLC Series 2021-1A Class A2, 4.969% 1/30/2052 (d) | 528675 | 528700 |
| SFS Auto Receivables Securitization Trust Series 2024-1A Class C, 5.51% 1/20/2032 (d) | 730000 | 753391 |
| SFS Auto Receivables Securitization Trust Series 2026-1A Class C, 4.46% 11/21/2033 (d) | 345000 | 346912 |
| Sonic Capital LLC Series 2020-1A Class A2II, 4.336% 1/20/2050 (d) | 590625 | 577726 |
| Sonic Capital LLC Series 2021-1A Class A2I, 2.19% 8/20/2051 (d) | 1127883 | 1060501 |
| Wheels Fleet Lease Funding LLC Series 2023-2A Class A, 6.46% 8/18/2038 (d) | 130864 | 132301 |
| Wheels Fleet Lease Funding LLC Series 2025-3A Class B, 4.44% 9/18/2040 (d) | 210000 | 212177 |
| TOTAL UNITED STATES |  | 11194279 |
| <br> **TOTAL ASSET-BACKED SECURITIES**<br> (Cost $18,366,847) |  | <br> **18405825** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.1%** | &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.1%** | &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.1%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.1%  |  |  |
| BRAVO Residential Funding Trust 2023-NQM7 Series 2023-NQM7 Class A1, 7.13% 9/25/2063 (d)(e) | 467237 | 471655 |
| Connecticut Avenue Securities Trust Series 2023-R03 Class 2M1, U.S. 30-Day Avg. SOFR Index + 2.5%, 6.1672% 4/25/2043 (d)(e)(f) | 830036 | 839393 |
| Connecticut Avenue Securities Trust Series 2024-R03 Class 2M1, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 3/25/2044 (d)(e)(f) | 637155 | 637361 |
| EFMT Series 2026-NQM1 Class A1F, 4.8672% 2/25/2071 (d) | 394146 | 394489 |
| Freddie Mac STACR REMIC Trust Series 2026-DNA1 Class M1, U.S. 30-Day Avg. SOFR Index + 1%, 4.6579% 2/25/2046 (d)(e)(f) | 505000 | 505473 |
| HOMES 2026-AFC1 Trust Series 2026-AFC1 Class A1, 4.846% 2/25/2061 (d)(e) | 385000 | 384996 |
| Homes Trust Series 2025-AFC3 Class A1, 4.932% 8/25/2060 (d)(e) | 905844 | 909471 |
| MAST 2026-1 LLC Series 2026-R01 Class 2A1, U.S. 30-Day Avg. SOFR Index + 0.85%, 4.5172% 1/25/2046 (d)(e)(f) | 678624 | 678837 |
| MFA 2023-NQM4 Trust Series 2023-NQM4 Class A1, 6.105% 12/25/2068 (d) | 277807 | 279538 |
| MFA Trust Series 2023-INV2 Class A1, 6.775% 10/25/2058 (d)(h) | 149063 | 150005 |
| OBX 2025-NQM23 Trust Series 2025-NQM23 Class A1, 4.872% 10/25/2065 (d)(e) | 883841 | 886942 |
| Spruce Hill Mtg Ln Tr 2022-Sh1 Series 2022-SH1 Class A1A, 4.1% 7/25/2057 (d)(h) | 580761 | 578220 |
| TOTAL UNITED STATES |  | 6716380 |
| <br> **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost $6,716,184) |  | <br> **6716380** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Mortgage Securities - 0.0%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 0.0%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 0.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.0%  |  |  |
| BANK5 Series 2026-5YR20 Class AS, 5.336% 2/15/2059  | 750000 | 778478 |
| Grace Trust Series 2020-GRCE Class B, 2.6% 12/10/2040 (d) | 750000 | 682069 |
| NYC Commercial Mortgage Trust Series 2025-28L Class C, 5.4416% 11/5/2038 (d)(e) | 750000 | 759389 |
| Penn Commercial Mortgage Trust Series 2025-P11 Class A, 5.344% 8/10/2042 (d)(e) | 750000 | 778916 |
| TOTAL UNITED STATES |  | 2998852 |
| <br> **TOTAL COMMERCIAL MORTGAGE SECURITIES**<br> (Cost $2,979,905) |  | <br> **2998852** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fixed-Income Funds - 7.0%** | &nbsp;&nbsp;**Fixed-Income Funds - 7.0%** | &nbsp;&nbsp;**Fixed-Income Funds - 7.0%** |
|  | Shares | Value ($)<br>|
| Fidelity SAI Short-Term Treasury Bond Index Fund (i)<br>(Cost $350,841,552)<br>| 34746557 | **352677551** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 1.4%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 1.4%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 1.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 0.0%  |  |  |
| Health Care - 0.0% |  |  |
| Biotechnology - 0.0% |  |  |
| CSL Finance PLC 3.85% 4/27/2027 (d) | 610000 | 610329 |
| BERMUDA - 0.0%  |  |  |
| Consumer Staples - 0.0% |  |  |
| Beverages - 0.0% |  |  |
| Bacardi Ltd 4.7% 5/15/2028 (d) | 585000 | 589500 |
| CANADA - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Wireless Telecommunication Services - 0.1% |  |  |
| Rogers Communications Inc 3.2% 3/15/2027  | 565000 | 560863 |
| Rogers Communications Inc 5% 2/15/2029  | 525000 | 537093 |
| TOTAL COMMUNICATION SERVICES |  | 1097956 |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Canadian Natural Resources Ltd 3.85% 6/1/2027  | 230000 | 229970 |
| Enbridge Inc 4.6% 6/20/2028  | 85000 | 86142 |
| Enbridge Inc 5.9% 11/15/2026  | 75000 | 75910 |
| Enbridge Inc 6% 11/15/2028  | 85000 | 89544 |
| South Bow USA Infrastructure Holdings LLC 4.911% 9/1/2027  | 340000 | 343673 |
| TOTAL ENERGY |  | 825239 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Canadian Imperial Bank of Commerce 4.283% 1/29/2030 (e) | 335000 | 337251 |
| Federation des Caisses Desjardins du Quebec 4.565% 8/26/2030 (d) | 200000 | 202657 |
| TOTAL FINANCIALS |  | 539908 |
| Industrials - 0.0% |  |  |
| Commercial Services & Supplies - 0.0% |  |  |
| Element Fleet Management Corp 5.037% 3/25/2030 (d) | 275000 | 281895 |
| Element Fleet Management Corp 5.643% 3/13/2027 (d) | 190000 | 192767 |
| TOTAL INDUSTRIALS |  | 474662 |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| Nutrien Ltd 4.9% 3/27/2028  | 110000 | 111992 |
| TOTAL CANADA |  | 3049757 |
| CHILE - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| Corp Nacional del Cobre de Chile 3% 9/30/2029 (g) | 360000 | 344813 |
| DENMARK - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Danske Bank A/S 4.613% 10/2/2030 (d)(e) | 200000 | 202621 |
| Danske Bank A/S 5.427% 3/1/2028 (d)(e) | 245000 | 248619 |
| TOTAL DENMARK |  | 451240 |
| FRANCE - 0.0%  |  |  |
| Communication Services - 0.0% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| Orange SA 4.25% 1/13/2031 (d) | 200000 | 200325 |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| TotalEnergies Capital USA LLC 4.248% 1/13/2031  | 505000 | 509525 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| BNP Paribas SA 4.792% 5/9/2029 (d)(e) | 200000 | 202538 |
| Societe Generale SA 5.519% 1/19/2028 (d)(e) | 200000 | 202479 |
| TOTAL FINANCIALS |  | 405017 |
| TOTAL FRANCE |  | 1114867 |
| GERMANY - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Automobiles - 0.1% |  |  |
| BMW US Capital LLC 4.6% 8/13/2027 (d) | 565000 | 570848 |
| Volkswagen Group of America Finance LLC 4.450% 9/11/2027 (d) | 255000 | 256357 |
| Volkswagen Group of America Finance LLC 4.75% 11/13/2028 (d) | 225000 | 227876 |
| Volkswagen Group of America Finance LLC 4.85% 8/15/2027 (d) | 360000 | 363755 |
| Volkswagen Group of America Finance LLC 5.7% 9/12/2026 (d) | 270000 | 272329 |
| Volkswagen Group of America Finance LLC 6% 11/16/2026 (d) | 200000 | 202648 |
| Volkswagen Group of America Finance LLC 6.2% 11/16/2028 (d) | 200000 | 209658 |
| TOTAL CONSUMER DISCRETIONARY |  | 2103471 |
| Health Care - 0.0% |  |  |
| Pharmaceuticals - 0.0% |  |  |
| Bayer US Finance II LLC 4.375% 12/15/2028 (d) | 475000 | 476703 |
| EMD Finance LLC 4.125% 8/15/2028 (d) | 590000 | 592903 |
| TOTAL HEALTH CARE |  | 1069606 |
| Industrials - 0.0% |  |  |
| Machinery - 0.0% |  |  |
| Daimler Truck Finance North America LLC 4.15% 1/12/2029 (d) | 150000 | 150417 |
| Daimler Truck Finance North America LLC 4.3% 8/12/2027 (d) | 165000 | 165989 |
| Daimler Truck Finance North America LLC 5.125% 9/25/2027 (d) | 300000 | 305168 |
| TOTAL INDUSTRIALS |  | 621574 |
| TOTAL GERMANY |  | 3794651 |
| INDIA - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| State Bank of India/London 4.875% 5/5/2028 (g) | 430000 | 434941 |
| Consumer Finance - 0.0% |  |  |
| Tata Capital Ltd 5.389% 7/21/2028 (g) | 340000 | 346728 |
| TOTAL INDIA |  | 781669 |
| IRELAND - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Consumer Finance - 0.0% |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.45% 4/15/2027  | 390000 | 399815 |
| Industrials - 0.0% |  |  |
| Transportation Infrastructure - 0.0% |  |  |
| Avolon Holdings Funding Ltd 6.375% 5/4/2028 (d) | 85000 | 88590 |
| TOTAL IRELAND |  | 488405 |
| ITALY - 0.0%  |  |  |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Enel Finance International NV 4.125% 9/30/2028 (d) | 200000 | 200426 |
| JAPAN - 0.0%  |  |  |
| Communication Services - 0.0% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| NTT Finance Corp 4.62% 7/16/2028 (d) | 200000 | 203021 |
| Consumer Staples - 0.0% |  |  |
| Tobacco - 0.0% |  |  |
| Japan Tobacco Inc 4.85% 5/15/2028 (d) | 485000 | 494870 |
| TOTAL JAPAN |  | 697891 |
| KOREA (SOUTH) - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Shinhan Bank Co Ltd 4.5% 3/26/2028 (g) | 345000 | 347544 |
| Industrials - 0.0% |  |  |
| Electrical Equipment - 0.0% |  |  |
| LG Energy Solution Ltd 5.25% 4/2/2028 (g) | 340000 | 346710 |
| TOTAL KOREA (SOUTH) |  | 694254 |
| KUWAIT - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| MEGlobal BV 2.625% 4/28/2028 (g) | 360000 | 347040 |
| MACAU - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Hotels, Restaurants & Leisure - 0.0% |  |  |
| Sands China Ltd 5.4% 8/8/2028 (h) | 345000 | 352327 |
| MEXICO - 0.0%  |  |  |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Comision Federal de Electricidad 5.7% 1/24/2030 (g) | 430000 | 440643 |
| NETHERLANDS - 0.0%  |  |  |
| Consumer Staples - 0.0% |  |  |
| Beverages - 0.0% |  |  |
| Heineken NV 3.5% 1/29/2028 (d) | 1070000 | 1062885 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| ING Groep NV 4.858% 3/25/2029 (e) | 210000 | 213649 |
| Information Technology - 0.0% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| NXP BV / NXP Funding LLC / NXP USA Inc 4.3% 6/18/2029  | 335000 | 336978 |
| NXP BV / NXP Funding LLC / NXP USA Inc 4.3% 8/19/2028  | 270000 | 271807 |
| TOTAL INFORMATION TECHNOLOGY |  | 608785 |
| TOTAL NETHERLANDS |  | 1885319 |
| QATAR - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| QNB Finance Ltd 4.875% 1/30/2029 (g) | 430000 | 438600 |
| SAUDI ARABIA - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| Ma'aden Sukuk Ltd 5.25% 2/13/2030 (g) | 426000 | 437574 |
| SPAIN - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Banco Santander SA 5.552% 3/14/2028 (e) | 200000 | 202984 |
| CaixaBank SA 6.684% 9/13/2027 (d)(e) | 300000 | 304262 |
| TOTAL SPAIN |  | 507246 |
| THAILAND - 0.0%  |  |  |
| Communication Services - 0.0% |  |  |
| Wireless Telecommunication Services - 0.0% |  |  |
| Advanced Info Service PCL 4.26% 3/4/2031 (g) | 220000 | 220759 |
| UNITED ARAB EMIRATES - 0.0%  |  |  |
| Industrials - 0.0% |  |  |
| Transportation Infrastructure - 0.0% |  |  |
| DP World Crescent Ltd 4.848% 9/26/2028 (g) | 340000 | 342674 |
| Real Estate - 0.0% |  |  |
| Real Estate Management & Development - 0.0% |  |  |
| Emaar Sukuk Ltd 3.875% 9/17/2029 (g) | 350000 | 346828 |
| TOTAL UNITED ARAB EMIRATES |  | 689502 |
| UNITED KINGDOM - 0.1%  |  |  |
| Consumer Staples - 0.0% |  |  |
| Tobacco - 0.0% |  |  |
| BAT International Finance PLC 4.448% 3/16/2028  | 570000 | 575390 |
| Imperial Brands Finance PLC 4.5% 6/30/2028 (d) | 200000 | 202090 |
| Imperial Brands Finance PLC 6.125% 7/27/2027 (d) | 455000 | 467453 |
| TOTAL CONSUMER STAPLES |  | 1244933 |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| Barclays PLC 4.219% 5/24/2030 (e) | 200000 | 200043 |
| Barclays PLC 5.086% 2/25/2029 (e) | 515000 | 524671 |
| HSBC Holdings PLC 4.899% 3/3/2029 (e) | 200000 | 203263 |
| HSBC Holdings PLC 5.597% 5/17/2028 (e) | 630000 | 641524 |
| Lloyds Banking Group PLC 5.462% 1/5/2028 (e) | 200000 | 202465 |
| Standard Chartered PLC 5.688% 5/14/2028 (d)(e) | 200000 | 203845 |
| TOTAL FINANCIALS |  | 1975811 |
| Industrials - 0.0% |  |  |
| Aerospace & Defense - 0.0% |  |  |
| Rolls-Royce PLC 5.75% 10/15/2027 (d) | 400000 | 409121 |
| TOTAL UNITED KINGDOM |  | 3629865 |
| UNITED STATES - 1.1%  |  |  |
| Communication Services - 0.0% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| SBA Tower Trust 6.599% 11/15/2052 (d) | 725000 | 740086 |
| Verizon Communications Inc 2.1% 3/22/2028  | 460000 | 444497 |
|  |  | 1184583 |
| Interactive Media & Services - 0.0% |  |  |
| Alphabet Inc 3.7% 2/15/2029  | 360000 | 360348 |
| Meta Platforms Inc 4.2% 11/15/2030  | 420000 | 423694 |
|  |  | 784042 |
| Media - 0.0% |  |  |
| Cox Communications Inc 3.5% 8/15/2027 (d) | 105000 | 104011 |
| Cox Communications Inc 5.45% 9/15/2028 (d) | 65000 | 67063 |
| Omnicom Group Inc / Omnicom Capital Inc 3.6% 4/15/2026  | 75000 | 74987 |
|  |  | 246061 |
| TOTAL COMMUNICATION SERVICES |  | 2214686 |
| Consumer Discretionary - 0.1% |  |  |
| Automobiles - 0.1% |  |  |
| American Honda Finance Corp 5.65% 11/15/2028  | 360000 | 375759 |
| General Motors Financial Co Inc 5.05% 4/4/2028  | 230000 | 234489 |
| General Motors Financial Co Inc 5.35% 7/15/2027  | 330000 | 335707 |
| General Motors Financial Co Inc 5.4% 4/6/2026  | 90000 | 90097 |
| General Motors Financial Co Inc 5.4% 5/8/2027  | 135000 | 137119 |
| Hyundai Capital America 4.25% 1/8/2029 (d) | 145000 | 145801 |
| Hyundai Capital America 4.85% 3/25/2027 (d) | 120000 | 121138 |
| Hyundai Capital America 4.875% 6/23/2027 (d) | 365000 | 369368 |
| Hyundai Capital America 5% 1/7/2028 (d) | 345000 | 350914 |
| Hyundai Capital America 5.25% 1/8/2027 (d) | 120000 | 121293 |
| Hyundai Capital America 5.6% 3/30/2028 (d) | 120000 | 123499 |
|  |  | 2405184 |
| Diversified Consumer Services - 0.0% |  |  |
| ERAC USA Finance LLC 4.6% 5/1/2028 (d) | 375000 | 380900 |
| ERAC USA Finance LLC 5% 2/15/2029 (d) | 105000 | 108131 |
|  |  | 489031 |
| Hotels, Restaurants & Leisure - 0.0% |  |  |
| Darden Restaurants Inc 4.35% 10/15/2027  | 210000 | 211439 |
| Marriott International Inc/MD 3.125% 6/15/2026  | 300000 | 299325 |
|  |  | 510764 |
| Specialty Retail - 0.0% |  |  |
| AutoZone Inc 5.165% 6/15/2030  | 230000 | 238390 |
| O'Reilly Automotive Inc 4.35% 6/1/2028  | 210000 | 211980 |
|  |  | 450370 |
| TOTAL CONSUMER DISCRETIONARY |  | 3855349 |
| Consumer Staples - 0.0% |  |  |
| Beverages - 0.0% |  |  |
| Keurig Dr Pepper Inc 3.95% 4/15/2029  | 45000 | 44747 |
| Keurig Dr Pepper Inc 4.35% 5/15/2028  | 210000 | 211263 |
| Keurig Dr Pepper Inc 5.05% 3/15/2029  | 340000 | 348400 |
|  |  | 604410 |
| Consumer Staples Distribution & Retail - 0.0% |  |  |
| Dollar General Corp 4.125% 5/1/2028  | 210000 | 210798 |
| Dollar General Corp 5.2% 7/5/2028  | 170000 | 174341 |
| Mars Inc 4.55% 4/20/2028 (d) | 360000 | 364940 |
| Mars Inc 4.6% 3/1/2028 (d) | 210000 | 213046 |
|  |  | 963125 |
| Food Products - 0.0% |  |  |
| Bunge Ltd Finance Corp 2% 4/21/2026  | 90000 | 89745 |
| Bunge Ltd Finance Corp 4.9% 4/21/2027  | 380000 | 384043 |
|  |  | 473788 |
| Tobacco - 0.0% |  |  |
| Philip Morris International Inc 5.125% 11/17/2027  | 85000 | 86784 |
| TOTAL CONSUMER STAPLES |  | 2128107 |
| Energy - 0.1% |  |  |
| Energy Equipment & Services - 0.0% |  |  |
| Schlumberger Holdings Corp 3.9% 5/17/2028 (d) | 400000 | 400228 |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Cheniere Corpus Christi Holdings LLC 5.125% 6/30/2027  | 295000 | 297791 |
| Cheniere Energy Inc 4.625% 10/15/2028  | 30000 | 29988 |
| Columbia Pipelines Holding Co LLC 6.055% 8/15/2026 (d) | 30000 | 30201 |
| Diamondback Energy Inc 5.2% 4/18/2027  | 255000 | 258274 |
| Energy Transfer LP 4.55% 1/15/2031  | 170000 | 171629 |
| Energy Transfer LP 5.25% 7/1/2029  | 190000 | 197012 |
| Energy Transfer LP 6.05% 12/1/2026  | 550000 | 557328 |
| EOG Resources Inc 4.4% 1/15/2031  | 170000 | 171992 |
| MPLX LP 4.8% 2/15/2031  | 800000 | 816693 |
| ONEOK Inc 4.25% 9/24/2027  | 610000 | 612918 |
| ONEOK Inc 5.55% 11/1/2026  | 195000 | 196749 |
| Plains All American Pipeline LP / PAA Finance Corp 4.7% 1/15/2031  | 320000 | 325022 |
| Sabine Pass Liquefaction LLC 4.2% 3/15/2028  | 85000 | 85345 |
| Targa Resources Corp 4.35% 1/15/2029  | 275000 | 277239 |
| Targa Resources Corp 5.2% 7/1/2027  | 85000 | 86364 |
| Williams Cos Inc/The 4.625% 6/30/2030  | 295000 | 300085 |
| Williams Cos Inc/The 4.8% 11/15/2029  | 135000 | 138370 |
| Williams Cos Inc/The 4.9% 3/15/2029  | 75000 | 76949 |
|  |  | 4629949 |
| TOTAL ENERGY |  | 5030177 |
| Financials - 0.4% |  |  |
| Banks - 0.1% |  |  |
| Bank of America Corp 1.734% 7/22/2027 (e) | 135000 | 133788 |
| Bank of America Corp 4.623% 5/9/2029 (e) | 420000 | 425961 |
| Citigroup Inc 5.174% 2/13/2030 (e) | 210000 | 216380 |
| Fifth Third Bancorp 4.566% 4/29/2032 (e) | 400000 | 402370 |
| Huntington Bancshares Inc/OH 4.623% 1/28/2032 (e) | 420000 | 423987 |
| JPMorgan Chase & Co 4.979% 7/22/2028 (e) | 310000 | 314117 |
| JPMorgan Chase & Co 5.04% 1/23/2028 (e) | 135000 | 136206 |
| Santander Holdings USA Inc 2.49% 1/6/2028 (e) | 240000 | 236541 |
| Santander Holdings USA Inc 6.124% 5/31/2027 (e) | 30000 | 30124 |
| US Bancorp 4.548% 7/22/2028 (e) | 275000 | 277357 |
| Wells Fargo & Co 4.9% 1/24/2028 (e) | 445000 | 448510 |
| Wells Fargo & Co 4.97% 4/23/2029 (e) | 845000 | 861491 |
|  |  | 3906832 |
| Capital Markets - 0.2% |  |  |
| Athene Global Funding 4.86% 8/27/2026 (d) | 165000 | 165598 |
| Athene Global Funding 5.349% 7/9/2027 (d) | 255000 | 258877 |
| Charles Schwab Corp/The 4.343% 11/14/2031 (e) | 505000 | 508198 |
| Equitable America Global Funding 4.65% 6/9/2028 (d) | 320000 | 323653 |
| GA Global Funding Trust 5.4% 1/13/2030 (d) | 495000 | 507221 |
| Goldman Sachs Group Inc/The 4.148% 1/21/2029 (e) | 355000 | 355147 |
| Goldman Sachs Group Inc/The 4.482% 8/23/2028 (e) | 405000 | 407762 |
| Goldman Sachs Group Inc/The 4.937% 4/23/2028 (e) | 375000 | 378542 |
| Goldman Sachs Group Inc/The 5.218% 4/23/2031 (e) | 360000 | 372675 |
| LPL Holdings Inc 6.75% 11/17/2028  | 495000 | 524923 |
| Morgan Stanley 4.238% 1/9/2030 (e) | 210000 | 210734 |
| Morgan Stanley 4.994% 4/12/2029 (e) | 320000 | 325832 |
| Sammons Financial Group Global Funding 5.05% 1/10/2028 (d) | 105000 | 106803 |
|  |  | 4445965 |
| Consumer Finance - 0.0% |  |  |
| American Express Co 4.731% 4/25/2029 (e) | 255000 | 259223 |
| American Express Co 5.043% 7/26/2028 (e) | 260000 | 264063 |
| American Express Co 5.098% 2/16/2028 (e) | 75000 | 75771 |
| American Express Co 5.532% 4/25/2030 (e) | 255000 | 266274 |
| Capital One Financial Corp 7.149% 10/29/2027 (e) | 110000 | 112182 |
| Ford Motor Credit Co LLC 5.125% 11/5/2026  | 200000 | 201154 |
| Ford Motor Credit Co LLC 5.8% 3/5/2027  | 455000 | 461177 |
| Ford Motor Credit Co LLC 5.918% 3/20/2028  | 200000 | 205327 |
|  |  | 1845171 |
| Financial Services - 0.1% |  |  |
| CNH Industrial Capital LLC 4.375% 3/7/2031  | 675000 | 674560 |
| Fiserv Inc 3.5% 7/1/2029  | 230000 | 223419 |
| Fiserv Inc 4.2% 10/1/2028  | 210000 | 210052 |
| Fiserv Inc 4.55% 2/15/2031  | 230000 | 229276 |
| Fiserv Inc 5.15% 3/15/2027  | 530000 | 535115 |
| Fiserv Inc 5.375% 8/21/2028  | 320000 | 327963 |
| National Rural Utilities Cooperative Finance Corp 4.05% 2/9/2029  | 595000 | 597895 |
| Penske Truck Leasing Co Lp / PTL Finance Corp 1.7% 6/15/2026 (d) | 60000 | 59593 |
| Penske Truck Leasing Co Lp / PTL Finance Corp 3.4% 11/15/2026 (d) | 105000 | 104444 |
| Penske Truck Leasing Co Lp / PTL Finance Corp 4.4% 7/1/2027 (d) | 30000 | 30131 |
| Penske Truck Leasing Co Lp / PTL Finance Corp 5.35% 1/12/2027 (d) | 215000 | 217171 |
| Penske Truck Leasing Co Lp / PTL Finance Corp 5.75% 5/24/2026 (d) | 405000 | 405958 |
|  |  | 3615577 |
| Insurance - 0.0% |  |  |
| Brown & Brown Inc 4.7% 6/23/2028  | 125000 | 126181 |
| CNO Global Funding 1.75% 10/7/2026 (d) | 405000 | 399452 |
| Corebridge Global Funding 4.25% 8/21/2028 (d) | 220000 | 220681 |
| Corebridge Global Funding 4.65% 8/20/2027 (d) | 125000 | 126169 |
| Health Care Service Corp 5.2% 6/15/2029 (d) | 615000 | 632459 |
| Jackson National Life Global Funding 5.55% 7/2/2027 (d) | 180000 | 183255 |
| RGA Global Funding 4.35% 8/25/2028 (d) | 225000 | 226141 |
| RGA Global Funding 4.6% 11/25/2030 (d) | 255000 | 256945 |
|  |  | 2171283 |
| TOTAL FINANCIALS |  | 15984828 |
| Health Care - 0.2% |  |  |
| Biotechnology - 0.0% |  |  |
| AbbVie Inc 3.775% 3/3/2028  | 690000 | 690913 |
| AbbVie Inc 4.125% 3/15/2031  | 195000 | 195620 |
|  |  | 886533 |
| Health Care Equipment & Supplies - 0.0% |  |  |
| Becton Dickinson & Co 4.693% 2/13/2028  | 400000 | 405468 |
| Medline Borrower LP 3.875% 4/1/2029 (d) | 930000 | 914666 |
| Medline Borrower LP/Medline Co-Issuer Inc 6.25% 4/1/2029 (d) | 37000 | 38183 |
| Solventum Corp 5.45% 2/25/2027  | 120000 | 121615 |
| Stryker Corp 4.7% 2/10/2028  | 275000 | 279118 |
|  |  | 1759050 |
| Health Care Providers & Services - 0.2% |  |  |
| Cencora Inc 3.45% 12/15/2027  | 45000 | 44663 |
| Cencora Inc 3.95% 2/13/2029  | 195000 | 195083 |
| Cencora Inc 4.625% 12/15/2027  | 145000 | 146813 |
| Centene Corp 4.625% 12/15/2029  | 225000 | 219547 |
| CVS Health Corp 1.3% 8/21/2027  | 775000 | 746182 |
| CVS Health Corp 2.875% 6/1/2026  | 135000 | 134660 |
| CVS Health Corp 3% 8/15/2026  | 75000 | 74666 |
| CVS Health Corp 4.3% 3/25/2028  | 210000 | 211233 |
| HCA Inc 3.125% 3/15/2027  | 335000 | 332215 |
| HCA Inc 4.3% 11/15/2030  | 125000 | 125240 |
| HCA Inc 5.625% 9/1/2028  | 550000 | 567546 |
| Humana Inc 5.75% 12/1/2028  | 300000 | 310946 |
| Humana Inc 5.75% 3/1/2028  | 60000 | 61639 |
| Icon Investments Six DAC 5.809% 5/8/2027  | 375000 | 378352 |
|  |  | 3548785 |
| Health Care Technology - 0.0% |  |  |
| IQVIA Inc 6.25% 2/1/2029  | 130000 | 136634 |
| Life Sciences Tools & Services - 0.0% |  |  |
| Revvity Inc 1.9% 9/15/2028  | 290000 | 274687 |
| Thermo Fisher Scientific Inc 4.215% 2/12/2031  | 325000 | 327667 |
|  |  | 602354 |
| Pharmaceuticals - 0.0% |  |  |
| Utah Acquisition Sub Inc 3.95% 6/15/2026  | 225000 | 224745 |
| Viatris Inc 2.3% 6/22/2027  | 355000 | 346237 |
|  |  | 570982 |
| TOTAL HEALTH CARE |  | 7504338 |
| Industrials - 0.1% |  |  |
| Aerospace & Defense - 0.0% |  |  |
| Boeing Co 3.2% 3/1/2029  | 230000 | 224731 |
| Boeing Co 6.259% 5/1/2027  | 505000 | 517341 |
| Huntington Ingalls Industries Inc 5.353% 1/15/2030  | 85000 | 88199 |
|  |  | 830271 |
| Building Products - 0.0% |  |  |
| Owens Corning 3.4% 8/15/2026  | 90000 | 89696 |
| Owens Corning 5.5% 6/15/2027  | 210000 | 213843 |
|  |  | 303539 |
| Electrical Equipment - 0.0% |  |  |
| Regal Rexnord Corp 6.05% 4/15/2028  | 320000 | 331815 |
| Ground Transportation - 0.0% |  |  |
| Uber Technologies Inc 4.5% 8/15/2029 (d) | 545000 | 545433 |
| Machinery - 0.0% |  |  |
| Fortive Corp 3.15% 6/15/2026  | 210000 | 209258 |
| Passenger Airlines - 0.0% |  |  |
| Delta Air Lines Inc 4.95% 7/10/2028  | 210000 | 213491 |
| Southwest Airlines Co 4.375% 11/15/2028  | 355000 | 358040 |
|  |  | 571531 |
| Professional Services - 0.1% |  |  |
| Booz Allen Hamilton Inc 3.875% 9/1/2028 (d) | 340000 | 334798 |
| Booz Allen Hamilton Inc 4% 7/1/2029 (d) | 585000 | 573169 |
| Leidos Inc 4.1% 3/15/2029 (c) | 220000 | 220563 |
|  |  | 1128530 |
| Trading Companies & Distributors - 0.0% |  |  |
| GATX Corp 5.4% 3/15/2027  | 570000 | 578042 |
| TOTAL INDUSTRIALS |  | 4498419 |
| Information Technology - 0.1% |  |  |
| Electronic Equipment, Instruments & Components - 0.0% |  |  |
| Dell International LLC / EMC Corp 4.75% 4/1/2028  | 295000 | 299721 |
| IT Services - 0.0% |  |  |
| Gartner Inc 4.5% 7/1/2028 (d) | 448000 | 441667 |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| Intel Corp 3.15% 5/11/2027  | 125000 | 123786 |
| Intel Corp 3.75% 8/5/2027  | 190000 | 189383 |
| Marvell Technology Inc 1.65% 4/15/2026  | 90000 | 89739 |
| Marvell Technology Inc 4.75% 7/15/2030  | 85000 | 86657 |
| Marvell Technology Inc 4.875% 6/22/2028  | 445000 | 453541 |
|  |  | 943106 |
| Software - 0.1% |  |  |
| Atlassian Corp 5.25% 5/15/2029  | 110000 | 111942 |
| Oracle Corp 4.45% 9/26/2030  | 370000 | 362879 |
| Synopsys Inc 4.65% 4/1/2028  | 595000 | 602578 |
| Workday Inc 3.5% 4/1/2027  | 170000 | 169079 |
|  |  | 1246478 |
| TOTAL INFORMATION TECHNOLOGY |  | 2930972 |
| Materials - 0.0% |  |  |
| Construction Materials - 0.0% |  |  |
| Amrize Finance US LLC 4.7% 4/7/2028  | 340000 | 345264 |
| Amrize Finance US LLC 4.95% 4/7/2030  | 75000 | 77162 |
|  |  | 422426 |
| Containers & Packaging - 0.0% |  |  |
| AptarGroup Inc 4.75% 3/30/2031  | 110000 | 111634 |
| Metals & Mining - 0.0% |  |  |
| Freeport-McMoRan Inc 4.125% 3/1/2028  | 45000 | 45002 |
| Freeport-McMoRan Inc 4.375% 8/1/2028  | 30000 | 30034 |
| Freeport-McMoRan Inc 5.25% 9/1/2029  | 60000 | 60920 |
| Steel Dynamics Inc 4% 12/15/2028  | 525000 | 525438 |
|  |  | 661394 |
| TOTAL MATERIALS |  | 1195454 |
| Real Estate - 0.0% |  |  |
| Real Estate Management & Development - 0.0% |  |  |
| CBRE Services Inc 5.1% 6/15/2030  | 110000 | 112210 |
| Extra Space Storage LP 3.875% 12/15/2027  | 195000 | 194838 |
|  |  | 307048 |
| Specialized REITs - 0.0% |  |  |
| American Tower Corp 1.6% 4/15/2026  | 375000 | 373921 |
| American Tower Corp 3.55% 7/15/2027  | 190000 | 189042 |
|  |  | 562963 |
| TOTAL REAL ESTATE |  | 870011 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| American Electric Power Co Inc 5.2% 1/15/2029  | 340000 | 351569 |
| Exelon Corp 5.15% 3/15/2029  | 110000 | 113705 |
| FirstEnergy Corp 3.9% 7/15/2027 (h) | 445000 | 446838 |
| FirstEnergy Transmission LLC 4.55% 1/15/2030  | 85000 | 86267 |
| NextEra Energy Capital Holdings Inc 1.875% 1/15/2027  | 355000 | 348980 |
| NextEra Energy Capital Holdings Inc 4.685% 9/1/2027  | 65000 | 65737 |
| Niagara Mohawk Power Corp 4.647% 10/3/2030 (d) | 190000 | 192974 |
| Pacific Gas and Electric Co 3.3% 12/1/2027  | 100000 | 98795 |
| Pacific Gas and Electric Co 5% 6/4/2028  | 190000 | 193552 |
| Pacific Gas and Electric Co 5.45% 6/15/2027  | 105000 | 106717 |
| Southern California Edison Co 5.15% 6/1/2029  | 305000 | 313757 |
| Southern Co/The 5.113% 8/1/2027 (h) | 210000 | 213463 |
| Vistra Operations Co LLC 5.05% 12/30/2026 (d) | 190000 | 192062 |
|  |  | 2724416 |
| Gas Utilities - 0.0% |  |  |
| Southern Co Gas Capital Corp 4.05% 9/15/2028  | 210000 | 210613 |
| Independent Power and Renewable Electricity Producers - 0.0% |  |  |
| Constellation Energy Generation LLC 5.6% 3/1/2028  | 85000 | 87668 |
| Multi-Utilities - 0.0% |  |  |
| Ameren Corp 1.95% 3/15/2027  | 170000 | 166558 |
| DTE Energy Co 4.875% 6/1/2028  | 255000 | 259911 |
| DTE Energy Co 4.95% 7/1/2027  | 190000 | 192263 |
| DTE Energy Co 5.2% 4/1/2030  | 255000 | 265150 |
| NiSource Inc 5.25% 3/30/2028  | 65000 | 66648 |
| Public Service Enterprise Group Inc 4.9% 3/15/2030  | 360000 | 370642 |
| Sempra 5.4% 8/1/2026  | 60000 | 60274 |
|  |  | 1381446 |
| TOTAL UTILITIES |  | 4404143 |
| TOTAL UNITED STATES |  | 50616484 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $72,306,746) |  | <br> **72383161** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Short-Term Funds - 88.3%** | &nbsp;&nbsp;**Short-Term Funds - 88.3%** | &nbsp;&nbsp;**Short-Term Funds - 88.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor Limited Term Bond Fund - Class Z (i) | 31012891 | 362540697 |
| Fidelity Intermediate Bond Fund (i) | 13050750 | 136380342 |
| Fidelity SAI Low Duration Bond Fund (i) | 85555408 | 858976293 |
| Fidelity SAI Short-Term Bond Fund (i) | 317376794 | 3100771275 |
| <br> **TOTAL SHORT-TERM FUNDS**<br> (Cost $4,448,409,672) |  | **4458668607** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Government Agency - Mortgage Securities - 0.3%** | &nbsp;&nbsp;**U.S. Government Agency - Mortgage Securities - 0.3%** | &nbsp;&nbsp;**U.S. Government Agency - Mortgage Securities - 0.3%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.3%  |  |  |
| Fannie Mae Mortgage pass-thru certificates 2% 2/1/2052  | 107735 | 89785 |
| Fannie Mae Mortgage pass-thru certificates 3% 10/1/2035  | 180185 | 175340 |
| Fannie Mae Mortgage pass-thru certificates 4% 9/1/2052  | 784553 | 763368 |
| Fannie Mae Mortgage pass-thru certificates 5% 1/1/2056  | 381639 | 383630 |
| Fannie Mae Mortgage pass-thru certificates 5% 10/1/2055  | 262704 | 265470 |
| Fannie Mae Mortgage pass-thru certificates 5% 3/1/2056  | 481000 | 483547 |
| Fannie Mae Mortgage pass-thru certificates 5% 4/1/2053  | 866676 | 878510 |
| Fannie Mae Mortgage pass-thru certificates 5.5% 11/1/2055  | 1198115 | 1226404 |
| Fannie Mae Mortgage pass-thru certificates 5.5% 2/1/2055  | 375629 | 384704 |
| Fannie Mae Mortgage pass-thru certificates 5.5% 6/1/2054  | 343763 | 352806 |
| Fannie Mae Mortgage pass-thru certificates 5.5% 9/1/2053  | 1409034 | 1449789 |
| Fannie Mae Mortgage pass-thru certificates 6% 9/1/2055  | 1161165 | 1199598 |
| Fannie Mae Mortgage pass-thru certificates 6.5% 4/1/2055  | 347375 | 362784 |
| Fannie Mae Mortgage pass-thru certificates 6.5% 7/1/2055  | 417220 | 435206 |
| Freddie Mac Gold Pool 2.5% 1/1/2052  | 406461 | 357695 |
| Freddie Mac Gold Pool 3% 6/1/2052  | 588814 | 533544 |
| Freddie Mac Gold Pool 3.5% 5/1/2052  | 812039 | 766787 |
| Freddie Mac Gold Pool 4.5% 9/1/2052  | 1137008 | 1128909 |
| Freddie Mac Gold Pool 5% 1/1/2055  | 345843 | 350133 |
| Freddie Mac Gold Pool 6% 1/1/2056  | 1172914 | 1214486 |
| Freddie Mac Gold Pool 6% 8/1/2055  | 619443 | 639946 |
| Freddie Mac Non Gold Pool 5.5% 4/1/2055  | 483428 | 496014 |
| Freddie Mac Non Gold Pool 5.5% 5/1/2055  | 174832 | 177812 |
| Freddie Mac STACR REMIC Trust Series DNA3 Class A1, U.S. 30-Day Avg. SOFR Index + 1.05%, 4.7172% 10/25/2044 (d)(e)(f) | 47500 | 47623 |
| Freddie Mac STACR REMIC Trust Series HQA3 Class M2, U.S. 30-Day Avg. SOFR Index + 2.1%, 5.7672% 9/25/2041 (d)(e)(f) | 1040000 | 1046476 |
| Uniform Mortgage Backed Securities 3.5% 3/1/2056 (b)(c) | 255000 | 240318 |
| TOTAL UNITED STATES |  | 15450684 |
| <br> **TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES**<br> (Cost $15,389,119) |  | <br> **15450684** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Paper - 0.2%** | &nbsp;&nbsp;**Commercial Paper - 0.2%** | &nbsp;&nbsp;**Commercial Paper - 0.2%** | &nbsp;&nbsp;**Commercial Paper - 0.2%** |
|  | Yield (%) (j) | Principal<br> Amount (a)<br>| Value ($)<br>|
| Bacardi-Martini BV yankee 0% 3/24/2026  | 4.12 | 750000 | 747851 |
| Bacardi-Martini BV yankee 0% 3/27/2026  | 4.11 | 750000 | 747592 |
| Brunswick Corp/DE 0% 3/3/2026  | 4.20 | 550000 | 549741 |
| Crown Castle Inc 0% 3/12/2026  | 4.15 | 750000 | 748865 |
| Edison International 0% 3/19/2026  | 4.21 | 370000 | 369151 |
| Harley-Davidson Financial Services Inc 0% 3/6/2026  | 4.11 | 750000 | 749434 |
| HCA Inc 0% 5/12/2026  | 4.24 | 750000 | 743788 |
| HCA Inc 0% 5/14/2026  | 4.30 | 750000 | 743373 |
| Ovintiv Inc 0% 3/19/2026  | 4.22 | 435000 | 433993 |
| Ovintiv Inc 0% 3/20/2026  | 4.22 | 460000 | 458880 |
| Rogers Communications Inc/Ontario yankee 0% 5/14/2026  | 3.98 | 1000000 | 991865 |
| Southern California Edison Co 0% 3/27/2026  | 4.22 | 880000 | 877179 |
| <br> **TOTAL COMMERCIAL PAPER**<br> (Cost $8,163,050) |  |  | **8161712** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 2.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 2.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 2.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 2.3%** |
|  | Yield (%) (j) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 7/30/2026 (k)(l) | 3.58 to 3.59 | 17325000 | 17070178 |
| US Treasury Notes 3.5% 1/15/2029  | 3.64 | 1450000 | 1454418 |
| US Treasury Notes 3.5% 1/31/2028  | 3.45 to 3.53 | 96640000 | 96824975 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $115,166,518) |  |  | **115349571** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Invesco Government & Agency Portfolio Institutional Class (m)<br>(Cost $3,775,193)<br>| 0.00 | 3775193 | **3775193** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $5,042,114,786)<br>| <br>**5054587536** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(2767220)** |
| **NET ASSETS - 100.0%** | **5051820316** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y US Treasury Notes Contracts (United States) | 3 | 6/2026 | 341344 | 1379 |
| CBOT 2Y US Treasury Notes Contracts (United States) | 181 | 6/2026 | 37871422 | 35095 |
| TOTAL LONG |  |  |  | 36474 |
| SHORT |  |  |  |  |
| Interest Rate Contracts |  |  |  |  |
| CBOT 10Y Ultra US Treasury Notes Contracts (United States) | (18) | 6/2026 | (2100656) | (10291) |
| CBOT 5Y US Treasury Notes Contracts (United States) | (67) | 6/2026 | (7377852) | (19742) |
| CBOT US Treasury Ultra Bond Contracts (United States) | (6) | 6/2026 | (729375) | (6805) |
| TOTAL SHORT |  |  |  | (36838) |
| **TOTAL FUTURES CONTRACTS** |  |  |  | **(364)** |
| The notional amount of long futures as a percentage of Net Assets is 0.7%. | The notional amount of long futures as a percentage of Net Assets is 0.7%. | The notional amount of long futures as a percentage of Net Assets is 0.7%. | The notional amount of long futures as a percentage of Net Assets is 0.7%. | The notional amount of long futures as a percentage of Net Assets is 0.7%. |
| The notional amount of short futures as a percentage of Net Assets is 0.1%. | The notional amount of short futures as a percentage of Net Assets is 0.1%. | The notional amount of short futures as a percentage of Net Assets is 0.1%. | The notional amount of short futures as a percentage of Net Assets is 0.1%. | The notional amount of short futures as a percentage of Net Assets is 0.1%. |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** | **Credit Default Swaps** |
| Underlying Reference | Rating(4) | Maturity <br> Date | Clearinghouse / <br> Counterparty(1) | Fixed<br> Payment<br> Received/<br> (Paid) | Payment<br> Frequency | Notional<br> Amount(5)(3) | Value ($)(4) | Upfront<br> Premium<br> Received/<br> (Paid) ($)(2) | Unrealized <br> Appreciation/<br> (Depreciation) ($) |
| Sell Protection |  |  |  |  |  |  |  |  |  |
| 5Y CDX NA IG Series 45 Index | NR | 12/2030 | ICE | 1% | Quarterly | 4800000 | (8000) | 0 | (8000) |

---

(1)Swaps with Intercontinental Exchange (ICE) are centrally cleared swaps.

(2)Any premiums for centrally cleared swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).

(3)Notional amount is stated in U.S. Dollars unless otherwise noted.

(4)Ratings are presented for credit default swaps in which the Fund has sold protection on the underlying referenced debt. Ratings for an underlying index represent a weighted average of the ratings of all securities included in the index. The credit rating or value can be measures of the current payment/performance risk. Ratings are from Moody's Investors Service, Inc. Where Moody's® ratings are not available, S&P® ratings are disclosed and are indicated as such. All ratings are as of the report date and do not reflect subsequent changes.

(5)The notional amount of each credit default swap where the Fund has sold protection approximates the maximum potential amount of future payments that the Fund could be required to make if a credit event were to occur.

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) A portion of the security sold on a delayed delivery basis.

(c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $48,837,009 or 1.0% of net assets.

(e) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(f) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(g) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $4,394,854 or 0.1% of net assets.

(h) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(i) Affiliated fund.

(j) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(k) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $240,411.

(l) Security or a portion of the security was pledged to cover margin requirements for centrally cleared swaps. At period end, the value of securities pledged amounted to $118,235.

(m) The rate quoted is the annualized seven-day yield of the fund at period end.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Advisor Limited Term Bond Fund Class Z | - | 361112755 | - | 1112757 | - | 1427942 | 362540697 | 31012891 |
| Fidelity Intermediate Bond Fund | - | 135379814 | - | 379824 | - | 1000528 | 136380342 | 13050750 |
| Fidelity SAI Low Duration Bond Fund | - | 1371477789 | 513000000 | 2977794 | - | 498504 | 858976293 | 85555408 |
| Fidelity SAI Short-Term Bond Fund | - | 3093440074 | 760 | 8582670 | (1) | 7331962 | 3100771275 | 317376794 |
| Fidelity SAI Short-Term Treasury Bond Index Fund | - | 350841552 | - | 841572 | - | 1835999 | 352677551 | 34746557 |
|  | - | 5312251984 | 513000760 | 13894617 | (1) | 12094935 | 4811346158 |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Commercial Paper, U.S. Treasury Obligations and Non-Convertible Corporate Bonds are valued by pricing services 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, Commercial Mortgage Securities and U.S. Government Agency - Mortgage Securities are valued by pricing services 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 services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Swaps are marked-to-market daily based on valuations from third party pricing services, registered derivatives clearing organizations (clearinghouses) or broker-supplied valuations. These pricing sources may utilize inputs such as interest rate curves, credit spread curves, default possibilities and recovery rates. When independent prices are unavailable or unreliable, swaps may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

**Derivative Instruments**

Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk(s):

Credit Risk - Credit risk relates to the ability of the issuer of a financial instrument to make further principal or interest payments on an obligation or commitment that it has to the Fund.

Interest Rate Risk - Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.

The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.

Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.

Swaps: A swap is a contract between two parties to exchange future cash flows at periodic intervals based on a notional principal amount.

A centrally cleared swap is a transaction executed between a fund and a dealer counterparty, then cleared by a futures commission merchant (FCM) through a clearinghouse. Once cleared, the clearinghouse serves as a central counterparty, with whom a fund exchanges cash flows for the life of the transaction, similar to transactions in futures contracts.

Credit Default Swaps: Credit default swaps enable the Fund to buy or sell protection against specified credit events on a single-name issuer or a traded credit index. Under the terms of a credit default swap the buyer of protection (buyer) receives credit protection in exchange for making periodic payments to the seller of protection (seller) based on a fixed percentage applied to a notional principal amount. In return for these payments, the seller will be required to make a payment upon the occurrence of one or more specified credit events. The Fund enters into credit default swaps as a seller to gain credit exposure to an issuer and/or as a buyer to obtain a measure of protection against defaults of an issuer. Periodic payments are made over the life of the contract by the buyer provided that no credit event occurs. For credit default swaps on most corporate and sovereign issuers, credit events include bankruptcy, failure to pay or repudiation/moratorium. For credit default swaps on corporate or sovereign issuers, the obligation that may be put to the seller is not limited to the specific reference obligation described in the Schedule of Investments. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down. For credit default swaps on asset-backed securities, the reference obligation described represents the security that may be put to the seller. For credit default swaps on a traded credit index, a specified credit event may affect all or individual underlying securities included in the index. Typically, the value of each credit default swap and credit rating disclosed for each reference obligation in the Schedule of Investments, where the Fund is the seller, can be used as measures of the current payment/performance risk of the swap. As the value of the swap changes as a positive or negative percentage of the total notional amount, the payment/performance risk may decrease or increase, respectively. In addition to these measures, FMR monitors a variety of factors including cash flow assumptions, market activity and market sentiment as part of its ongoing process of assessing payment/ performance risk.

Open swaps at period end are included in the Schedule of Investments under the caption Credit Default Swaps, Interest Rate Swaps and/or Total Return Swaps, as applicable.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Rutland Square Trust II

- **b. Investment Company Act file number:** 811-21991

- **c. CIK number of Registrant:** 0001364924

- **d. LEI of Registrant:** 1KZ3JN58GDRI3EZKKG06

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Strategic Advisers Fidelity Short Duration Fund

- **b. EDGAR series identifier (if any):** S000098163

- **c. LEI of Series:** 2549000AHWDTGIQ5QR92

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $5049630808.93

**Total Liabilities:** $25301196.43

**Net Assets:** $5024329612.50

**Delayed Delivery Securities:** $9365808.84

**Cash Not Reported:** $10652858.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000267840 |  | 0.23%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-1024.58                                  |
| Month 2  | $-1.21                   | $3340936.17                                |
| Month 3  | $16118.02                | $9130779.87                                |

**Designated Index Information**

- **Index Name:** Bloomberg US 1-3 Year Government/Credit Bond Index

- **Index Identifier:** 19808151

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Salem Street Trust                                        | FIDELITY INTERMEDIATE BOND FUND                                                                | CUSIP: 315912105<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  13023432 | NS      | $136094867.54  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SHORT TERM INVTS TR                                                | Invesco Short-Term Investments Trust Government and Agency Portfolio Institutional Class       | CUSIP: 825252885<br>LEI: 549300DC1W0JSX3QRC47 | Long             | EC               | RF                | US        |   3412518 | NS      | $3412517.62    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC / OMNICOM CAPITAL INC                            | OMNICOM GROUP INC / OMNICOM CAPITAL INC 3.6% 04/15/2026                                        | CUSIP: 68217FAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74987.12      | 0.00%             | 2026-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                    | CVS HEALTH CORP 2.875% 06/01/2026                                                              | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134659.76     | 0.00%             | 2026-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC/MD                                      | MARRIOTT INTERNATIONAL INC/MD 3.125% 06/15/2026                                                | CUSIP: 571903AS2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299325.39     | 0.01%             | 2026-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING NEW                                                  | OWENS CORNING NEW 3.4% 08/15/2026                                                              | CUSIP: 690742AF8<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89696.47      | 0.00%             | 2026-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO L P / PTL FIN CORP                         | PENSKE TRUCK LEASING CO LP /CORP 3.4% 11/15/2026 144A                                          | CUSIP: 709599AW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $104443.87     | 0.00%             | 2026-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB INC                                           | UTAH ACQUISITION SUB INC 3.95% 06/15/2026                                                      | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224745.17     | 0.00%             | 2026-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                                                        | HEINEKEN NV 3.5% 01/29/2028 144A                                                               | CUSIP: 423012AF0<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |   1070000 | PA      | $1062884.71    | 0.02%             | 2028-01-29      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                         | INTEL CORP 3.15% 05/11/2027                                                                    | CUSIP: 458140AX8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123786.35     | 0.00%             | 2027-05-11      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                                     | CANADIAN NATL RESOURCES LTD 3.85% 06/01/2027                                                   | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $229969.79     | 0.00%             | 2027-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORTIVE CORP                                                       | FORTIVE CORP 3.15% 06/15/2026                                                                  | CUSIP: 34959JAG3<br>LEI: 549300MU9YQJYHDQEF63 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209258.70     | 0.00%             | 2026-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                                   | FIRSTENERGY CORP STEP 07/15/2027                                                               | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    445000 | PA      | $446837.16     | 0.01%             | 2027-07-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                | AMERICAN TOWER CORP 3.55% 07/15/2027                                                           | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189041.51     | 0.00%             | 2027-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION LLC                                       | SABINE PASS LIQUEFACTION LLC 4.2% 03/15/2028                                                   | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85344.53      | 0.00%             | 2028-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                                             | COX COMMUNICATIONS INC 3.5% 08/15/2027 144A                                                    | CUSIP: 224044CJ4<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104011.19     | 0.00%             | 2027-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                        | CENCORA INC 3.45% 12/15/2027                                                                   | CUSIP: 03073EAP0<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44662.68      | 0.00%             | 2027-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORPUS CHRISTI HOLDINGS LLC                               | CHENIERE CORPUS CHRISTI HOLDINGS LLC 5.125% 06/30/2027                                         | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    295000 | PA      | $297790.60     | 0.01%             | 2027-06-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                    | CVS HEALTH CORP 4.3% 03/25/2028                                                                | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211233.31     | 0.00%             | 2028-03-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                       | SHINHAN BANK 4.5% 03/26/2028 REGS                                                              | CUSIP: N/A<br>LEI: 5493003P813VL21KG928       | Long             | DBT              | CORP              | KR        |    345000 | PA      | $347544.27     | 0.01%             | 2028-03-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DOLLAR GEN CORP NEW                                                | DOLLAR GEN CORP NEW 4.125% 05/01/2028                                                          | CUSIP: 256677AF2<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210798.02     | 0.00%             | 2028-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                        | BACARDI LTD 4.7% 05/15/2028 144A                                                               | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    585000 | PA      | $589500.17     | 0.01%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREILLY AUTOMOTIVE INC                                             | OREILLY AUTOMOTIVE INC 4.35% 06/01/2028                                                        | CUSIP: 67103HAG2<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211979.97     | 0.00%             | 2028-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                                        | PACIFIC GAS and ELECTRIC CO 3.3% 12/01/2027                                                    | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98795.61      | 0.00%             | 2027-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                            | BAYER US FIN II LLC 4.375% 12/15/2028 144A                                                     | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    475000 | PA      | $476702.69     | 0.01%             | 2028-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC 5.625% 09/01/2028                                                                      | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    550000 | PA      | $567545.22     | 0.01%             | 2028-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Fidelity Advisor Series II                                         | FIDELITY ADVISOR LIMITED TERM BOND FUNDZ                                                       | CUSIP: 315807446<br>LEI: EIVUM2R16VT371T5KS40 | Long             | EC               | RF                | US        |  30941797 | NS      | $361709603.69  | 7.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DP WORLD CRESCENT LTD                                              | DP WORLD CRESCENT LTD 4.848% 09/26/2028 REGS                                                   | CUSIP: N/A<br>LEI: 21380096JRTWB8TL9236       | Long             | DBT              | CORP              | KY        |    340000 | PA      | $342674.10     | 0.01%             | 2028-09-26      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                         | FISERV INC 4.2% 10/01/2028                                                                     | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210052.34     | 0.00%             | 2028-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                      | VOLKSWAGEN GROUP AMER FIN LLC 4.75% 11/13/2028 144A                                            | CUSIP: 928668AU6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227876.38     | 0.00%             | 2028-11-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                    | SANDS CHINA LTD STEP 08/08/2028                                                                | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    345000 | PA      | $352327.21     | 0.01%             | 2028-08-08      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                          | BOEING CO 3.2% 03/01/2029                                                                      | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224731.15     | 0.00%             | 2029-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HOLDINGS CORPORATION                                  | SCHLUMBERGER HOLDINGS CORPORATION 3.9% 05/17/2028 144A                                         | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400228.45     | 0.01%             | 2028-05-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                         | FISERV INC 3.5% 07/01/2029                                                                     | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    230000 | PA      | $223419.39     | 0.00%             | 2029-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                               | FREEPORT-MCMORAN INC 5.25% 09/01/2029                                                          | CUSIP: 35671DCD5<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60920.04      | 0.00%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                    | CVS HEALTH CORP 3% 08/15/2026                                                                  | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74665.70      | 0.00%             | 2026-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EMAAR SUKUK LTD                                                    | EMAAR SUKUK LTD 3.875% 09/17/2029 REGS                                                         | CUSIP: N/A<br>LEI: 549300NZHOOO6634T541       | Long             | DBT              | CORP              | KY        |    350000 | PA      | $346828.13     | 0.01%             | 2029-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                            | CORPORACION NACIONAL DEL COBRE DE CHILE 3% 09/30/2029 REGS                                     | CUSIP: N/A<br>LEI: 549300UVMBCBCIPSUI70       | Long             | DBT              | CORP              | CL        |    360000 | PA      | $344812.50     | 0.01%             | 2029-09-30      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                               | FREEPORT-MCMORAN INC 4.125% 03/01/2028                                                         | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45002.26      | 0.00%             | 2028-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SONIC CAP LLC / SONIC INDS LLC / SRI REAL ESTATE HLDG LLC / AMERS  | SONIC CAP LLC/IND LLC/SRI RELS 4.336% 01/20/2050 144A                                          | CUSIP: 83546DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    590625 | PA      | $577726.16     | 0.01%             | 2050-01-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP DEL                                                   | CENTENE CORP 4.625% 12/15/2029                                                                 | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219547.42     | 0.00%             | 2029-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                        | GARTNER INC 4.5% 07/01/2028 144A                                                               | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    448000 | PA      | $441666.96     | 0.01%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                               | FREEPORT-MCMORAN INC 4.375% 08/01/2028                                                         | CUSIP: 35671DCG8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30033.77      | 0.00%             | 2028-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                                        | FIDELITY SAI LOW DURATION BOND FUND                                                            | CUSIP: 31635T682<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  85352995 | NS      | $856944071.10  | 17.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust                                        | FIDELITY SAI SHORT-TERM BOND FUND                                                              | CUSIP: 31635T674<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        | 315054549 | NS      | $3078082939.28 | 61.26%            |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN AND HAMILTON INC                                        | BOOZ ALLEN AND HAMILTON INC 3.875% 09/01/2028 144A                                             | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    340000 | PA      | $334798.03     | 0.01%             | 2028-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                    | CVS HEALTH CORP 1.3% 08/21/2027                                                                | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    775000 | PA      | $746181.38     | 0.01%             | 2027-08-21      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                                    | ROLLS-ROYCE PLC 5.75% 10/15/2027 144A                                                          | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $409121.17     | 0.01%             | 2027-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 15YR 3% 10/01/2035#CA7502                                                                 | CUSIP: 3140QFKQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180185 | PA      | $175339.68     | 0.00%             | 2035-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GRACE TRUST 2020-GRCE                                              | GRACE TRUST 2020-GRCE 2.6% 12/10/2040 144A                                                     | CUSIP: 38406JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $682069.73     | 0.01%             | 2040-12-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                         | VERIZON COMMUNICATIONS INC 2.1% 03/22/2028                                                     | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    460000 | PA      | $444496.78     | 0.01%             | 2028-03-22      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                | AMERICAN TOWER CORP 1.6% 04/15/2026                                                            | CUSIP: 03027XBL3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373921.28     | 0.01%             | 2026-04-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO L P / PTL FIN CORP                         | PENSKE TRUCK LEASING CO LP /CORP 1.7% 06/15/2026 144A                                          | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59592.59      | 0.00%             | 2026-06-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                        | BANK OF AMERICA CORPORATION 1.734%/VAR 07/22/2027                                              | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133788.11     | 0.00%             | 2027-07-22      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MEGLOBAL BV                                                        | MEGLOBAL BV 2.625% 04/28/2028 REGS                                                             | CUSIP: N/A<br>LEI: 549300WBVLU2FILR7W19       | Long             | DBT              | CORP              | NL        |    360000 | PA      | $347040.00     | 0.01%             | 2028-04-28      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN AND HAMILTON INC                                        | BOOZ ALLEN AND HAMILTON INC 4% 07/01/2029 144A                                                 | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    585000 | PA      | $573168.86     | 0.01%             | 2029-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                                                | CHENIERE ENERGY INC 4.625% 10/15/2028                                                          | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29989.28      | 0.00%             | 2028-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                              | UBER TECHNOLOGIES INC 4.5% 08/15/2029 144A                                                     | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    545000 | PA      | $545432.73     | 0.01%             | 2029-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REVVITY INC                                                        | REVVITY INC 1.9% 09/15/2028                                                                    | CUSIP: 714046AM1<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    290000 | PA      | $274686.50     | 0.01%             | 2028-09-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FDG LLC / DRIVEN BRANDS CDA FDG CORP                 | DRIVEN BRANDS FDG LLC / DRIVEN BRANDS CDA FDG CORP 2.791% 10/20/2051 144A                      | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    700569 | PA      | $666530.51     | 0.01%             | 2051-10-20      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                | MEDLINE BORROWER LP 3.875% 04/01/2029 144A                                                     | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    930000 | PA      | $914665.60     | 0.02%             | 2029-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                 | CNO GLOBAL FUNDING 1.75% 10/07/2026 144A                                                       | CUSIP: 18977W2A7<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    405000 | PA      | $399451.55     | 0.01%             | 2026-10-07      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                             | MARVELL TECHNOLOGY INC 1.65% 04/15/2026                                                        | CUSIP: 573874AC8<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89738.69      | 0.00%             | 2026-04-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                        | VIATRIS INC 2.3% 06/22/2027                                                                    | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    355000 | PA      | $346236.49     | 0.01%             | 2027-06-22      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| SONIC CAP LLC / SONIC INDS LLC / SRI REAL ESTATE HLDG LLC / AMERS  | SONIC CAP LLC/IND LLC/SRI RELS 2.19% 08/20/2051 144A                                           | CUSIP: 83546DAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1127883 | PA      | $1060500.54    | 0.02%             | 2051-08-20      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                        | AMEREN CORP 1.95% 03/15/2027                                                                   | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166557.74     | 0.00%             | 2027-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                                       | NEXTERA ENERGY CAP HLDGS INC 1.875% 01/15/2027                                                 | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    355000 | PA      | $348979.20     | 0.01%             | 2027-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                             | MARVELL TECHNOLOGY INC 4.875% 06/22/2028                                                       | CUSIP: 573874AN4<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |    445000 | PA      | $453541.25     | 0.01%             | 2028-06-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER HLDGS USA INC                                            | SANTANDER HLDGS USA INC 2.49%/VAR 01/06/2028                                                   | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236540.49     | 0.00%             | 2028-01-06      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 2% 02/01/2052#                                                                       | CUSIP: 31418EBR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107735 | PA      | $89785.59      | 0.00%             | 2052-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 2.5% 01/01/2052#RA6623                                                               | CUSIP: 3133KNLC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    406461 | PA      | $357695.48     | 0.01%             | 2052-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SEB FUNDING LLC                                                    | SEB FUNDING LLC 4.969% 01/30/2052 144A                                                         | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    528675 | PA      | $528700.43     | 0.01%             | 2052-01-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BAT INTERNATIONAL FINANCE PLC                                      | BAT INTL FINANCE PLC 4.448% 03/16/2028                                                         | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    570000 | PA      | $575389.83     | 0.01%             | 2028-03-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                                                        | WORKDAY INC 3.5% 04/01/2027                                                                    | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169079.39     | 0.00%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                               | KEURIG DR PEPPER INC 3.95% 04/15/2029                                                          | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44747.16      | 0.00%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                                                    | CSL FINANCE PLC 3.85% 04/27/2027 144A                                                          | CUSIP: 12661PAA7<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $610329.29     | 0.01%             | 2027-04-27      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY                                                   | SOUTHERN COMPANY STEP 08/01/2027                                                               | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213463.35     | 0.00%             | 2027-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 3% 06/01/2052#SD8220                                                                 | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    588814 | PA      | $533543.77     | 0.01%             | 2052-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NXP B V/NXP FDG LLC/NXP USA INC                                    | NXP B V/NXP FDG LLC/NXP USA INC 4.3% 06/18/2029                                                | CUSIP: 62954HAV0<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    335000 | PA      | $336978.39     | 0.01%             | 2029-06-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO L P / PTL FIN CORP                         | PENSKE TRUCK LEASING CO LP /CORP 4.4% 07/01/2027 144A                                          | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30132.24      | 0.00%             | 2027-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                                        | PACIFIC GAS and ELECTRIC CO 5.45% 06/15/2027                                                   | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106716.75     | 0.00%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARGA RES CORP                                                     | TARGA RES CORP 5.2% 07/01/2027                                                                 | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86364.03      | 0.00%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                                     | US BANCORP DEL 4.548%/VAR 07/22/2028                                                           | CUSIP: 91159HJF8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277356.88     | 0.01%             | 2028-07-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                        | IMPERIAL BRANDS FINANCE PLC 6.125% 07/27/2027 144A                                             | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    455000 | PA      | $467453.25     | 0.01%             | 2027-07-27      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                         | INTEL CORP 3.75% 08/05/2027                                                                    | CUSIP: 458140BY5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189383.06     | 0.00%             | 2027-08-05      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 4% 09/01/2052#MA4732                                                                 | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    784553 | PA      | $763367.81     | 0.02%             | 2052-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 4.5% 09/01/2052#SD8245                                                               | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1137008 | PA      | $1128908.57    | 0.02%             | 2052-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                      | GOLDMAN SACHS GROUP INC (THE) 4.482%/VAR 08/23/2028                                            | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    405000 | PA      | $407761.01     | 0.01%             | 2028-08-23      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC                          | AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC 22-2A C 6.27% 01/22/2029 144A                        | CUSIP: 03236XAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    675000 | PA      | $679691.99     | 0.01%             | 2029-01-22      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                         | HUMANA INC 5.75% 03/01/2028                                                                    | CUSIP: 444859BU5<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61639.06      | 0.00%             | 2028-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                    | PHILIP MORRIS INTL INC 5.125% 11/17/2027                                                       | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86784.67      | 0.00%             | 2027-11-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TR                                                       | SBA TOWER TR 6.599% 11/15/2052 144A                                                            | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $740086.24     | 0.01%             | 2052-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                          | UST NOTES 3.5% 01/31/2028                                                                      | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  96640000 | PA      | $96824974.76   | 1.93%             | 2028-01-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON and CO                                            | BECTON DICKINSON and CO 4.693% 02/13/2028                                                      | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405468.16     | 0.01%             | 2028-02-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GENERATION LLC                                | CONSTELLATION ENERGY GENERATION LLC 5.6% 03/01/2028                                            | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87668.29      | 0.00%             | 2028-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                       | NISOURCE INC 5.25% 03/30/2028                                                                  | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66647.56      | 0.00%             | 2028-03-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                        | NUTRIEN LTD 4.9% 03/27/2028                                                                    | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $111993.37     | 0.00%             | 2028-03-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | HYUNDAI CAP AMER 5.6% 03/30/2028 144A                                                          | CUSIP: 44891ACD7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123499.22     | 0.00%             | 2028-03-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GENERAL MTRS FINL CO INC                                           | GENERAL MTRS FINL CO INC 5.4% 04/06/2026                                                       | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90096.96      | 0.00%             | 2026-04-06      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                           | MARS INC 4.55% 04/20/2028 144A                                                                 | CUSIP: 571676AT2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    360000 | PA      | $364939.21     | 0.01%             | 2028-04-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE BANK OF INDIA LONDON BRANCH                                  | STATE BANK INDIA LONDON BRH 4.875% 05/05/2028 REGS                                             | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | DBT              | CORP              | GB        |    430000 | PA      | $434940.70     | 0.01%             | 2028-05-05      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ERAC USA FIN LLC                                                   | ERAC USA FIN LLC 4.6% 05/01/2028 144A                                                          | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380900.30     | 0.01%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                        | AVOLON HOLDINGS FUNDING LTD 6.375% 05/04/2028 144A                                             | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     85000 | PA      | $88590.79      | 0.00%             | 2028-05-04      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                      | DTE ENERGY CO 4.875% 06/01/2028                                                                | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259910.89     | 0.01%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO L P / PTL FIN CORP                         | PENSKE TRUCK LEASING CO LP /CORP 5.75% 05/24/2026 144A                                         | CUSIP: 709599BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $405957.91     | 0.01%             | 2026-05-24      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DOLLAR GEN CORP NEW                                                | DOLLAR GEN CORP NEW 5.2% 07/05/2028                                                            | CUSIP: 256677AN5<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174341.39     | 0.00%             | 2028-07-05      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                                             | COX COMMUNICATIONS INC 5.45% 09/15/2028 144A                                                   | CUSIP: 224044CR6<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67062.93      | 0.00%             | 2028-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                             | SEMPRA 5.4% 08/01/2026                                                                         | CUSIP: 816851BQ1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60274.56      | 0.00%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5% 04/01/2053#CB6031                                                                 | CUSIP: 3140QRVZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    866676 | PA      | $878509.69     | 0.02%             | 2053-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                             | EXTRA SPACE STORAGE LP 3.875% 12/15/2027                                                       | CUSIP: 30225VAM9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194838.01     | 0.00%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                          | ROGERS COMMUNICATIONS INC 3.2% 03/15/2027                                                      | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    565000 | PA      | $560862.99     | 0.01%             | 2027-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES HOLDING CO LLC                                  | COLUMBIA PIPELINES HOLDING CO LLC 6.055% 08/15/2026 144A                                       | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30201.37      | 0.00%             | 2026-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC 3.125% 03/15/2027                                                                      | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    335000 | PA      | $332215.49     | 0.01%             | 2027-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                          | ONEOK INC 5.55% 11/01/2026                                                                     | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    195000 | PA      | $196748.84     | 0.00%             | 2026-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                         | FISERV INC 5.375% 08/21/2028                                                                   | CUSIP: 337738BG2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    320000 | PA      | $327962.59     | 0.01%             | 2028-08-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                      | VOLKSWAGEN GROUP AMER FIN LLC 5.7% 09/12/2026 144A                                             | CUSIP: 928668BV3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    270000 | PA      | $272328.97     | 0.01%             | 2026-09-12      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                       | CAIXABANK SA 6.684%/VAR 09/13/2027 144A                                                        | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    300000 | PA      | $304261.87     | 0.01%             | 2027-09-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MFA 2023-INV2 TRUST                                                | MFA 2023-INV2 TRUST STEP 09/25/2066 144A                                                       | CUSIP: 59319BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    149063 | PA      | $150005.84     | 0.00%             | 2058-10-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                 | ENERGY TRANSFER LP 6.05% 12/01/2026                                                            | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    550000 | PA      | $557327.56     | 0.01%             | 2026-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                                   | WHEELS FLEET LEASE FUNDING 1 LLC 6.46% 08/18/2038 144A                                         | CUSIP: 96328GBG1<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |    130864 | PA      | $132300.51     | 0.00%             | 2038-08-18      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                         | CAPITAL ONE FIN CORP 7.149%/VAR 10/29/2027                                                     | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112182.11     | 0.00%             | 2027-10-29      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                         | HUMANA INC 5.75% 12/01/2028                                                                    | CUSIP: 444859BZ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $310946.27     | 0.01%             | 2028-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                       | ENBRIDGE INC 5.9% 11/15/2026                                                                   | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75909.86      | 0.00%             | 2026-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                       | ENBRIDGE INC 6% 11/15/2028                                                                     | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $89544.43      | 0.00%             | 2028-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                      | VOLKSWAGEN GROUP AMER FIN LLC 6% 11/16/2026 144A                                               | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202649.08     | 0.00%             | 2026-11-16      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                      | VOLKSWAGEN GROUP AMER FIN LLC 6.2% 11/16/2028 144A                                             | CUSIP: 928668CB6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209657.71     | 0.00%             | 2028-11-16      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                   | LPL HOLDINGS INC 6.75% 11/17/2028                                                              | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    495000 | PA      | $524922.78     | 0.01%             | 2028-11-17      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                        | AMERICAN HONDA FINANCE CORP 5.65% 11/15/2028                                                   | CUSIP: 02665WEV9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    360000 | PA      | $375758.62     | 0.01%             | 2028-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER CO INC                                     | AMERICAN ELECTRIC POWER INC 5.2% 01/15/2029                                                    | CUSIP: 025537AY7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    340000 | PA      | $351568.80     | 0.01%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                           | FORD MOTOR CREDIT CO LLC 5.8% 03/05/2027                                                       | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    455000 | PA      | $461176.02     | 0.01%             | 2027-03-05      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                           | LLOYDS BANKING GROUP PLC 5.462%/VAR 01/05/2028                                                 | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202464.74     | 0.00%             | 2028-01-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                                   | WILLIAMS COS INC 4.9% 03/15/2029                                                               | CUSIP: 88339WAB2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76948.83      | 0.00%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | HYUNDAI CAP AMER 5.25% 01/08/2027 144A                                                         | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121292.98     | 0.00%             | 2027-01-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO L P / PTL FIN CORP                         | PENSKE TRUCK LEASING CO LP /CORP 5.35% 01/12/2027 144A                                         | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $217170.61     | 0.00%             | 2027-01-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TR 2024-1                      | SFS AUTO RECEIVABLES SECURITIZATION TR 2024-1 5.51% 01/20/2032 144A                            | CUSIP: 78435VAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    730000 | PA      | $753391.10     | 0.01%             | 2032-01-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                   | SOCIETE GENERALE FRANCE 5.519%/VAR 01/19/2028 144A                                             | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $202478.87     | 0.00%             | 2028-01-19      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                              | JPMORGAN CHASE and CO 5.04%/VAR 01/23/2028                                                     | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136205.83     | 0.00%             | 2028-01-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| QNB FINANCE LTD                                                    | QNB FINANCE LTD 4.875% 01/30/2029 REGS                                                         | CUSIP: N/A<br>LEI: 549300MY0DXTHQEX5O57       | Long             | DBT              | CORP              | KY        |    430000 | PA      | $438600.00     | 0.01%             | 2029-01-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                          | IQVIA INC 6.25% 02/01/2029                                                                     | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136634.29     | 0.00%             | 2029-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GENERAL MTRS FINL CO INC                                           | GENERAL MTRS FINL CO INC 5.4% 05/08/2027                                                       | CUSIP: 37045XEQ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137118.94     | 0.00%             | 2027-05-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ERAC USA FIN LLC                                                   | ERAC USA FIN LLC 5% 02/15/2029 144A                                                            | CUSIP: 26884TAY8<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108131.18     | 0.00%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | CITIGROUP INC 5.174%/VAR 02/13/2030                                                            | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216380.19     | 0.00%             | 2030-02-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                          | ROGERS COMMUNICATIONS INC 5% 02/15/2029                                                        | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    525000 | PA      | $537092.68     | 0.01%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                | AMERICAN EXPRESS CO 5.098%/VAR 02/16/2028                                                      | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75770.77      | 0.00%             | 2028-02-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                        | EXELON CORP 5.15% 03/15/2029                                                                   | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113704.79     | 0.00%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                    | DANSKE BANK AS (UNGTD) 5.427%/VAR 03/01/2028 144A                                              | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    245000 | PA      | $248618.90     | 0.00%             | 2028-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                         | FISERV INC 5.15% 03/15/2027                                                                    | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    530000 | PA      | $535115.26     | 0.01%             | 2027-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                                          | GATX CORP 5.4% 03/15/2027                                                                      | CUSIP: 361448BP7<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    570000 | PA      | $578041.89     | 0.01%             | 2027-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                      | SOUTHERN CALIFORNIA EDISON CO 5.15% 06/01/2029                                                 | CUSIP: 842400JC8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    305000 | PA      | $313757.46     | 0.01%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT CORP                                      | ELEMENT FLEET MANAGEMENT CORP 5.643% 03/13/2027 144A                                           | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $192767.48     | 0.00%             | 2027-03-13      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                               | KEURIG DR PEPPER INC 5.05% 03/15/2029                                                          | CUSIP: 49271VAT7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    340000 | PA      | $348399.70     | 0.01%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARDEES FDG LLC / CARLS JR FDG LLC                                 | HARDEES FDG LLC / CARLS JR FDG LLC 7.253% 03/20/2054 144A                                      | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    642353 | PA      | $665906.07     | 0.01%             | 2054-03-20      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                 | BANCO SANTANDER SA 5.552%/VAR 03/14/2028                                                       | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $202983.95     | 0.00%             | 2028-03-14      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP/MEDLINE CO-ISSUER INC                          | MEDLINE BORROWER LP/MEDLINE CO-ISSUER INC 6.25% 04/01/2029 144A                                | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $38182.96      | 0.00%             | 2029-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENT CAR FDG AESOP LLC                                 | AVIS BUDGET RENTCAR FDG AE LLC 5.58% 12/20/2030 144A                                           | CUSIP: 05377RJL9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $519242.40     | 0.01%             | 2030-12-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                             | DIAMONDBACK ENERGY INC 5.2% 04/18/2027                                                         | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    255000 | PA      | $258273.51     | 0.01%             | 2027-04-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                                        | FIDELITY SAI SHORT-TERM TREASURY BOND INDEX FUND                                               | CUSIP: 31635T161<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  34684655 | NS      | $352049245.59  | 7.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST          | AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 6.45% 04/15/2027                     | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    390000 | PA      | $399814.59     | 0.01%             | 2027-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                | AMERICAN EXPRESS CO 5.532%/VAR 04/25/2030                                                      | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    255000 | PA      | $266273.52     | 0.01%             | 2030-04-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DESIGNATED ACTIVITY CO                        | ICON INVESTMENTS SIX DESIGNATED ACTIVITY CO 5.809% 05/08/2027                                  | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    375000 | PA      | $378352.44     | 0.01%             | 2027-05-08      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                 | REGAL REXNORD CORP 6.05% 04/15/2028                                                            | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331815.15     | 0.01%             | 2028-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORP PLC                                                 | ATLASSIAN CORP PLC 5.25% 05/15/2029                                                            | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111942.29     | 0.00%             | 2029-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                  | HSBC HOLDINGS PLC 5.597%/VAR 05/17/2028                                                        | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    630000 | PA      | $641522.88     | 0.01%             | 2028-05-17      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                             | STANDARD CHARTERED PLC 5.688%/VAR 05/14/2028 144A                                              | CUSIP: 853254DB3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203845.37     | 0.00%             | 2028-05-14      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SANTANDER HLDGS USA INC                                            | SANTANDER HLDGS USA INC 6.124%/VAR 05/31/2027                                                  | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30124.30      | 0.00%             | 2027-05-31      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING NEW                                                  | OWENS CORNING NEW 5.5% 06/15/2027                                                              | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213842.27     | 0.00%             | 2027-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SVCS CORP                                              | HEALTH CARE SVCS CORP 5.2% 06/15/2029 144A                                                     | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |    615000 | PA      | $632459.19     | 0.01%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                 | ENERGY TRANSFER LP 5.25% 07/01/2029                                                            | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197011.85     | 0.00%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLY BK MIDVALE UTAH                                               | ALLY BK MIDVALE UTAH 5.827% 05/17/2032 144A                                                    | CUSIP: 02007GZ55<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-CBDO         | CORP              | US        |    530695 | PA      | $539870.73     | 0.01%             | 2032-05-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GENERAL MTRS FINL CO INC                                           | GENERAL MTRS FINL CO INC 5.35% 07/15/2027                                                      | CUSIP: 37045XEX0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    330000 | PA      | $335707.06     | 0.01%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                           | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 5.125% 09/25/2027 144A                                | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305168.10     | 0.01%             | 2027-09-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL FDG                                       | JACKSON NATL LIFE GLOBAL FDG 5.55% 07/02/2027 144A                                             | CUSIP: 46849LVA6<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183255.18     | 0.00%             | 2027-07-02      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                              | ATHENE GLOBAL FUNDING 5.349% 07/09/2027 144A                                                   | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    255000 | PA      | $258877.13     | 0.01%             | 2027-07-09      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                              | JPMORGAN CHASE and CO 4.979%/VAR 07/22/2028                                                    | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    310000 | PA      | $314117.49     | 0.01%             | 2028-07-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                | AMERICAN EXPRESS CO 5.043%/VAR 07/26/2028                                                      | CUSIP: 025816DV8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264063.18     | 0.01%             | 2028-07-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                      | DTE ENERGY CO 4.95% 07/01/2027                                                                 | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192263.11     | 0.00%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                 | BMW US CAPITAL LLC 4.6% 08/13/2027 144A                                                        | CUSIP: 05565ECQ6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    565000 | PA      | $570847.97     | 0.01%             | 2027-08-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                      | VOLKSWAGEN GROUP AMER FIN LLC 4.85% 08/15/2027 144A                                            | CUSIP: 928668CL4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    360000 | PA      | $363754.63     | 0.01%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                                   | WILLIAMS COS INC 4.8% 11/15/2029                                                               | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138369.96     | 0.00%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                          | COREBRIDGE GBL FUNDING 4.65% 08/20/2027 144A                                                   | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126168.80     | 0.00%             | 2027-08-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                              | ATHENE GLOBAL FUNDING 4.86% 08/27/2026 144A                                                    | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165597.80     | 0.00%             | 2026-08-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                           | FORD MOTOR CREDIT CO LLC 5.125% 11/05/2026                                                     | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201154.48     | 0.00%             | 2026-11-05      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                          | ONEOK INC 4.25% 09/24/2027                                                                     | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    610000 | PA      | $612917.84     | 0.01%             | 2027-09-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD                                   | COMISION FEDERAL DE ELECTRICID 5.7% 01/24/2030 REGS                                            | CUSIP: N/A<br>LEI: 4469000001BFPONMPF32       | Long             | DBT              | CORP              | MX        |    430000 | PA      | $440642.50     | 0.01%             | 2030-01-24      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                    | DANSKE BANK AS (UNGTD) 4.613%/VAR 10/02/2030 144A                                              | CUSIP: 23636ABJ9<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $202621.01     | 0.00%             | 2030-10-02      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TR 2024-2                                   | DRIVE AUTO RECEIVABLES TR 2024-2 4.67% 05/17/2032                                              | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $756445.88     | 0.02%             | 2032-05-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC                                             | DARDEN RESTAURANTS INC 4.35% 10/15/2027                                                        | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211438.90     | 0.00%             | 2027-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES INC                                  | HUNTINGTON INGALLS INDUSTRIES INC 5.353% 01/15/2030                                            | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88198.88      | 0.00%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                           | VISTRA OPERATIONS CO LLC 5.05% 12/30/2026 144A                                                 | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192062.40     | 0.00%             | 2026-12-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                          | BOEING CO 6.259% 05/01/2027                                                                    | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    505000 | PA      | $517341.14     | 0.01%             | 2027-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                        | CENCORA INC 4.625% 12/15/2027                                                                  | CUSIP: 03073EAV7<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146813.44     | 0.00%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                                     | SOLVENTUM CORP 5.45% 02/25/2027                                                                | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121615.13     | 0.00%             | 2027-02-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP GLOBAL FUNDING                             | SAMMONS FINANCIAL GROUP GLOBAL FUNDING 5.05% 01/10/2028 144A                                   | CUSIP: 79587J2B8<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106802.98     | 0.00%             | 2028-01-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | HYUNDAI CAP AMER 5% 01/07/2028 144A                                                            | CUSIP: 44891ADL8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    345000 | PA      | $350914.34     | 0.01%             | 2028-01-07      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                            | GA GLOBAL FUNDING TRUST 5.4% 01/13/2030 144A                                                   | CUSIP: 36143L2R5<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    495000 | PA      | $507221.34     | 0.01%             | 2030-01-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TATA CAPITAL LTD                                                   | TATA CAPITAL LTD 5.389% 07/21/2028 REGS                                                        | CUSIP: N/A<br>LEI: 335800TXSHN87ZZ57925       | Long             | DBT              | CORP              | IN        |    340000 | PA      | $346728.60     | 0.01%             | 2028-07-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                                 | WELLS FARGO and CO NEW 4.9%/VAR 01/24/2028                                                     | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    445000 | PA      | $448510.04     | 0.01%             | 2028-01-24      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION LLC                                       | FIRSTENERGY TRANSMISSION LLC 4.55% 01/15/2030                                                  | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86267.08      | 0.00%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                       | STRYKER CORP 4.7% 02/10/2028                                                                   | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279118.31     | 0.01%             | 2028-02-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                                  | MA'ADEN SUKUK LTD 5.25% 02/13/2030 REGS                                                        | CUSIP: N/A<br>LEI: 254900QDNU6I6VA8UL14       | Long             | DBT              | CORP              | KY        |    426000 | PA      | $437574.42     | 0.01%             | 2030-02-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                      | DTE ENERGY CO 5.2% 04/01/2030                                                                  | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    255000 | PA      | $265150.07     | 0.01%             | 2030-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                       | BARCLAYS PLC 5.086%/VAR 02/25/2029                                                             | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    515000 | PA      | $524670.72     | 0.01%             | 2029-02-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5.5% 09/01/2053#SD3877                                                               | CUSIP: 3132E0JW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1409034 | PA      | $1449789.03    | 0.03%             | 2053-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                  | HSBC HOLDINGS PLC 4.899%/VAR 03/03/2029                                                        | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203263.46     | 0.00%             | 2029-03-03      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GENERAL MTRS FINL CO INC                                           | GENERAL MTRS FINL CO INC 5.05% 04/04/2028                                                      | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234489.07     | 0.00%             | 2028-04-04      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                       | SYNOPSYS INC 4.65% 04/01/2028                                                                  | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    595000 | PA      | $602577.75     | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                           | MARS INC 4.6% 03/01/2028 144A                                                                  | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213046.26     | 0.00%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INC                                | PUBLIC SVC ENTERPRISE GRP INC 4.9% 03/15/2030                                                  | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    360000 | PA      | $370642.44     | 0.01%             | 2030-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                       | ING GROEP NV 4.858%/VAR 03/25/2029                                                             | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $213649.59     | 0.00%             | 2029-03-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                           | FORD MOTOR CREDIT CO LLC 5.918% 03/20/2028                                                     | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205327.49     | 0.00%             | 2028-03-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT CORP                                      | ELEMENT FLEET MANAGEMENT CORP 5.037% 03/25/2030 144A                                           | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $281894.05     | 0.01%             | 2030-03-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2024-HQA1                            | STACR 2024-HQA1 30YR 0% 10/25/2044#                                                            | CUSIP: 35564NEY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47500 | PA      | $47623.11      | 0.00%             | 2044-10-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LG ENERGY SOLUTION                                                 | LG ENERGY SOLUTION 5.25% 04/02/2028 REGS                                                       | CUSIP: N/A<br>LEI: 988400QX6P286XA6ZS85       | Long             | DBT              | CORP              | KR        |    340000 | PA      | $346709.90     | 0.01%             | 2028-04-02      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MFA 2023-NQM4 TRUST                                                | MFA 2023-NQM4 TRUST 6.105% 12/25/2068 144A                                                     | CUSIP: 55286LAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    277807 | PA      | $279537.73     | 0.01%             | 2068-12-25      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | HYUNDAI CAP AMER 4.85% 03/25/2027 144A                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121137.78     | 0.00%             | 2027-03-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                                  | DELL INTL/EMC CORP 4.75% 04/01/2028                                                            | CUSIP: 24703TAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $299720.70     | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA1                            | STACR 2021-DNA1 30YR 6.43969% 09/25/2041#                                                      | CUSIP: 35564KJP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1040000 | PA      | $1046475.77    | 0.02%             | 2041-09-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                       | AUTOZONE INC 5.165% 06/15/2030                                                                 | CUSIP: 053332BM3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $238389.95     | 0.00%             | 2030-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                                  | JAPAN TOBACCO INC 4.85% 05/15/2028 144A                                                        | CUSIP: 471105AC0<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    485000 | PA      | $494869.40     | 0.01%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | MORGAN STANLEY 4.994%/VAR 04/12/2029                                                           | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    320000 | PA      | $325831.74     | 0.01%             | 2029-04-12      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                                 | WELLS FARGO and CO NEW 4.97%/VAR 04/23/2029                                                    | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    845000 | PA      | $861490.68     | 0.02%             | 2029-04-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                      | GOLDMAN SACHS GROUP INC (THE) 4.937%/VAR 04/23/2028                                            | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    375000 | PA      | $378541.43     | 0.01%             | 2028-04-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                      | GOLDMAN SACHS GROUP INC (THE) 5.218%/VAR 04/23/2031                                            | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    360000 | PA      | $372675.15     | 0.01%             | 2031-04-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                | AMERICAN EXPRESS CO 4.731%/VAR 04/25/2029                                                      | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259223.35     | 0.01%             | 2029-04-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                  | CBRE SERVICES INC 5.1% 06/15/2030                                                              | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112210.08     | 0.00%             | 2030-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                               | KEURIG DR PEPPER INC 4.35% 05/15/2028                                                          | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211263.29     | 0.00%             | 2028-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                        | BNP PARIBAS 4.792%/VAR 05/09/2029 144A                                                         | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $202537.81     | 0.00%             | 2029-05-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                        | BANK OF AMERICA CORPORATION 4.623%/VAR 05/09/2029                                              | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    420000 | PA      | $425961.11     | 0.01%             | 2029-05-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                                        | PACIFIC GAS and ELECTRIC CO 5% 06/04/2028                                                      | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193552.08     | 0.00%             | 2028-06-04      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL FUNDING                                   | EQUITABLE AMERICA GLOBAL FUNDING 4.65% 06/09/2028 144A                                         | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    320000 | PA      | $323653.20     | 0.01%             | 2028-06-09      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                | DELTA AIR LINES INC 4.95% 07/10/2028                                                           | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213490.84     | 0.00%             | 2028-07-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWN and BROWN INC                                                | BROWN and BROWN INC 4.7% 06/23/2028                                                            | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126182.08     | 0.00%             | 2028-06-23      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                | AFFIRM MASTER TRUST 4.67% 07/15/2033 144A                                                      | CUSIP: 00833BAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    245000 | PA      | $246747.22     | 0.00%             | 2033-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                       | ENBRIDGE INC 4.6% 06/20/2028                                                                   | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $86142.04      | 0.00%             | 2028-06-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | HYUNDAI CAP AMER 4.875% 06/23/2027 144A                                                        | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    365000 | PA      | $369367.25     | 0.01%             | 2027-06-23      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                             | MARVELL TECHNOLOGY INC 4.75% 07/15/2030                                                        | CUSIP: 573874AR5<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86656.57      | 0.00%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                        | IMPERIAL BRANDS FINANCE PLC 4.5% 06/30/2028 144A                                               | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202090.21     | 0.00%             | 2028-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                                   | WILLIAMS COS INC 4.625% 06/30/2030                                                             | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    295000 | PA      | $300085.25     | 0.01%             | 2030-06-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER CORP                                          | NIAGARA MOHAWK POWER CORP 4.647% 10/03/2030 144A                                               | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192973.94     | 0.00%             | 2030-10-03      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                   | NTT FINANCE CORP 4.62% 07/16/2028 144A                                                         | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203021.46     | 0.00%             | 2028-07-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENN COMMERCIAL MORTGAGE TRUST                                     | PENN COMMERCIAL MORTGAGE TRUST 2025-P11 A VAR CSTR 08/12/2042 144A                             | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $778915.95     | 0.02%             | 2042-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                                       | NEXTERA ENERGY CAP HLDGS INC 4.685% 09/01/2027                                                 | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65737.08      | 0.00%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                         | FISERV INC 4.55% 02/15/2031                                                                    | CUSIP: 337738BP2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229275.62     | 0.00%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                           | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 4.3% 08/12/2027 144A                                  | CUSIP: 233853BG4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165988.71     | 0.00%             | 2027-08-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                            | MPLX LP 4.8% 02/15/2031                                                                        | CUSIP: 55336VCA6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    800000 | PA      | $816692.84     | 0.02%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRASTRUCTURE HOLDINGS LLC                          | SOUTH BOW USA INFRASTRUCTURE HOLDINGS LLC 4.911% 09/01/2027                                    | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    340000 | PA      | $343672.39     | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NXP B V/NXP FDG LLC/NXP USA INC                                    | NXP B V/NXP FDG LLC/NXP USA INC 4.3% 08/19/2028                                                | CUSIP: 62954HBF4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    270000 | PA      | $271806.76     | 0.01%             | 2028-08-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EMD FIN LLC                                                        | EMD FIN LLC 4.125% 08/15/2028 144A                                                             | CUSIP: 26867LAN0<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |    590000 | PA      | $592903.34     | 0.01%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-1             | HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-1 2025-2 B2 SOFR30A+120 09/20/2033 144A   | CUSIP: 44644NAP4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    206671 | PA      | $207239.32     | 0.00%             | 2033-09-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                          | COREBRIDGE GBL FUNDING 4.25% 08/21/2028 144A                                                   | CUSIP: 00138CBG2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220680.90     | 0.00%             | 2028-08-21      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                 | RGA GLOBAL FUNDING 4.35% 08/25/2028 144A                                                       | CUSIP: 76209PAH6<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226140.71     | 0.00%             | 2028-08-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FIN CORP                                                 | BUNGE LTD FIN CORP 2% 04/21/2026                                                               | CUSIP: 120568BL3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89745.45      | 0.00%             | 2026-04-21      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FIN CORP                                                 | BUNGE LTD FIN CORP 4.9% 04/21/2027                                                             | CUSIP: 120568BM1<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384042.05     | 0.01%             | 2027-04-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FEDERATION DES CAISSES DESJARD INS DU QUEBEC                       | FEDERATION DES CAISE DESJARDIN 4.565% 08/26/2030 144A                                          | CUSIP: 31429KAP8<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202656.93     | 0.00%             | 2030-08-26      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                      | VOLKSWAGEN GROUP AMER FIN LLC 4.45% 09/11/2027 144A                                            | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256356.71     | 0.01%             | 2027-09-11      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AM PIPELN/PAA FIN C                                     | PLAINS ALL AM PIPELN/PAA FIN C 4.7% 01/15/2031                                                 | CUSIP: 72650RBR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $325022.07     | 0.01%             | 2031-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL CORP                                       | SOUTHERN CO GAS CAP 4.05% 09/15/2028                                                           | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210612.88     | 0.00%             | 2028-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                             | US ULTRA BOND CBT FUT JUN26 WNM6                                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        -6 | NC      | $-6805.39      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                             | US 10YR ULTRA FUT JUN26 UXYM6                                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       -18 | NC      | $-10291.18     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                             | US 10YR NOTE FUT (CBT)JUN26 TYM6                                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         3 | NC      | $1378.55       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL FINANCE INTL NV                                               | ENEL FINANCE INTL NV 4.125% 09/30/2028 144A                                                    | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $200425.50     | 0.00%             | 2028-09-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE                                          | CDX NA IG S45 5YR 12/20/30                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |   4800000 | NC      | $-8000.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                        | ORACLE CORP 4.45% 09/26/2030                                                                   | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    370000 | PA      | $362878.86     | 0.01%             | 2030-09-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                             | US 5YR NOTE (CBT) FUT JUN26 FVM6                                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       -67 | NC      | $-19742.34     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                             | US 2YR NOTE (CBT) FUT JUN26 TUM6                                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       181 | NC      | $35094.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA/FHLG TBA ISSUER                                               | UMBS 30YR 3.5% 03/01/2056 #TBA                                                                 | CUSIP: 01F032633<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    255000 | PA      | $240317.58     | 0.00%             | 2056-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 6% 08/01/2055#RJ4695                                                                 | CUSIP: 3142GVGD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    619443 | PA      | $639946.34     | 0.01%             | 2055-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC 4.3% 11/15/2030                                                                        | CUSIP: 404119DD8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125239.62     | 0.00%             | 2030-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                              | SOUTHWEST AIRLINES CO 4.375% 11/15/2028                                                        | CUSIP: 844741BL1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    355000 | PA      | $358039.67     | 0.01%             | 2028-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                 | META PLATFORMS INC 4.2% 11/15/2030                                                             | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    420000 | PA      | $423693.70     | 0.01%             | 2030-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLY BK MIDVALE UTAH                                               | ALLY BK MIDVALE UTAH 2025-B C 4.697% 09/15/2033 144A                                           | CUSIP: 02007G6Q1<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-CBDO         | CORP              | US        |    314821 | PA      | $317125.11     | 0.01%             | 2033-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLY BK MIDVALE UTAH                                               | ALLY BK MIDVALE UTAH 2025-B B 4.501% 09/15/2033 144A                                           | CUSIP: 02007G6P3<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-CBDO         | CORP              | US        |    362259 | PA      | $364461.42     | 0.01%             | 2033-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NYC COML MTG TR 2025-28L                                           | NYC COML MTG TR 2025-28L VAR 11/05/2038 144A                                                   | CUSIP: 67123JAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $759389.48     | 0.02%             | 2038-11-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TARGA RES CORP                                                     | TARGA RES CORP 4.35% 01/15/2029                                                                | CUSIP: 87612GAR2<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277239.04     | 0.01%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SCHWAB CHARLES CORP                                                | SCHWAB CHARLES CORP 4.343%/VAR 11/14/2031                                                      | CUSIP: 808513CK9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    505000 | PA      | $508197.95     | 0.01%             | 2031-11-14      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5% 10/01/2055#CC1154                                                                 | CUSIP: 3140Y7H84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    262704 | PA      | $265470.03     | 0.01%             | 2055-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| APTARGROUP INC                                                     | APTARGROUP INC 4.75% 03/30/2031                                                                | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111634.17     | 0.00%             | 2031-03-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                                                 | STEEL DYNAMICS INC 4% 12/15/2028                                                               | CUSIP: 858119BU3<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    525000 | PA      | $525437.81     | 0.01%             | 2028-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                 | RGA GLOBAL FUNDING 4.6% 11/25/2030 144A                                                        | CUSIP: 76209PAK9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256944.97     | 0.01%             | 2030-11-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TR 2025-RVM1                                    | OCTANE RECEIVABLES TRUST 2025-RVM1 5.26% 12/20/2046 144A                                       | CUSIP: 67571HAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1018828.60    | 0.02%             | 2046-12-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                  | EOG RESOURCES INC 4.4% 01/15/2031                                                              | CUSIP: 26875PBB6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171991.80     | 0.00%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| THAYER PARK CLO LTD                                                | THAYER PARK CLO LTD BRR TSFR3M+ 04/20/2034 144A                                                | CUSIP: 883310AY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751071.75     | 0.01%             | 2034-04-20      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                                   | WHEELS FLEET LEASE FUNDING 1 LLC 4.44% 09/18/2040 144A                                         | CUSIP: 96328GCR6<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |    210000 | PA      | $212177.30     | 0.00%             | 2040-09-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5% 01/01/2056#MA5944                                                                 | CUSIP: 31418FTA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    381639 | PA      | $383629.77     | 0.01%             | 2056-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5.5% 11/01/2055#CC1442                                                               | CUSIP: 3140Y7S82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1198115 | PA      | $1226404.17    | 0.02%             | 2055-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                              | AMRIZE FINANCE US LLC 4.95% 04/07/2030                                                         | CUSIP: 43475RAR7<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77162.25      | 0.00%             | 2030-04-07      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                              | AMRIZE FINANCE US LLC 4.7% 04/07/2028                                                          | CUSIP: 43475RAQ9<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    340000 | PA      | $345263.57     | 0.01%             | 2028-04-07      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 6.5% 07/01/2055#CC0749                                                               | CUSIP: 3140Y6ZP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    417220 | PA      | $435205.86     | 0.01%             | 2055-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | HYUNDAI CAP AMER 4.25% 01/08/2029 144A                                                         | CUSIP: 44891AED5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145800.62     | 0.00%             | 2029-01-08      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE                                                             | ORANGE 4.25% 01/13/2031 144A                                                                   | CUSIP: 685218AD1<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $200325.89     | 0.00%             | 2031-01-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAPITAL LLC                                         | CNH INDUSTRIAL CAPITAL LLC 4.375% 03/07/2031                                                   | CUSIP: 12592BAW4<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    675000 | PA      | $674559.78     | 0.01%             | 2031-03-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL USA LLC                                      | TOTALENERGIES CAPITAL USA LLC 4.248% 01/13/2031                                                | CUSIP: 89158TAA7<br>LEI: 9845000979865101C194 | Long             | DBT              | CORP              | US        |    505000 | PA      | $509524.79     | 0.01%             | 2031-01-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                           | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 4.15% 01/12/2029 144A                                 | CUSIP: 233853BK5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150416.71     | 0.00%             | 2029-01-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                          | UST NOTES 3.5% 01/15/2029                                                                      | CUSIP: 91282CPT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1450000 | PA      | $1454417.98    | 0.03%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                 | ENERGY TRANSFER LP 4.55% 01/15/2031                                                            | CUSIP: 29273VBJ8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171629.16     | 0.00%             | 2031-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                      | GOLDMAN SACHS GROUP INC (THE) 4.148%/VAR 01/21/2029                                            | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    355000 | PA      | $355147.04     | 0.01%             | 2029-01-21      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | MORGAN STANLEY 4.238%/VAR 01/09/2030                                                           | CUSIP: 61748UAR3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210734.67     | 0.00%             | 2030-01-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                                 | CANADIAN IMPERIAL BK OF COMM 4.283%/VAR 01/29/2030                                             | CUSIP: 13607QWB4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    335000 | PA      | $337250.74     | 0.01%             | 2030-01-29      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                          | UST BILLS 0% 07/30/2026                                                                        | CUSIP: 912797TQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19775000 | PA      | $19484142.77   | 0.39%             | 2026-07-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC/OH                                       | HUNTINGTON BANCSHARES INC/OH 4.623%/VAR 01/28/2032                                             | CUSIP: 446150BK9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    420000 | PA      | $423986.76     | 0.01%             | 2032-01-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                | FIFTH THIRD BANCORP 4.566%/VAR 04/29/2032                                                      | CUSIP: 316773DN7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402370.02     | 0.01%             | 2032-04-29      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC CP 0% 05/14/2026                                                                       | CUSIP: 40412DEE5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    750000 | PA      | $743373.23     | 0.01%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BACARDI MARTINI BV                                                 | BACARDI MARTINI BV YCP 0% 03/27/2026                                                           | CUSIP: 05634FCT4<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $747591.75     | 0.01%             | 2026-03-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM23 TRUST                                               | OBX 2025-NQM23 A1 TRUST VAR 10/25/2065 144A                                                    | CUSIP: 67123BAF3<br>LEI: 2549009JKGY7CAYS8Y83 | Long             | ABS-CBDO         | CORP              | US        |    883841 | PA      | $886942.07     | 0.02%             | 2065-10-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R03                       | CONNECTICUT AVENUE SECURITIES TRUST 2023-R03 SOFR30A+250 04/25/2043 144A                       | CUSIP: 20753ACJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    830036 | PA      | $839392.62     | 0.02%             | 2043-04-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R03                       | CONNECTICUT AVENUE SECURITIES TRUST 2024-R03 SOFR30A+115 03/25/2044 144A                       | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    637155 | PA      | $637360.58     | 0.01%             | 2044-03-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-AFC3 TRUST                                              | HOMES 2025-AFC3 TRUST VAR 08/25/2060                                                           | CUSIP: 43762AAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    905844 | PA      | $909470.69     | 0.02%             | 2060-08-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EFMT 2026-NQM1                                                     | EFMT 2026-NQM1 A1F 4.89962% 02/25/2071 144A                                                    | CUSIP: 26846GAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    394146 | PA      | $394489.29     | 0.01%             | 2071-02-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARLEY DAVIDSON FINANCIAL SERVICES INC                             | HARLEY DAVIDSON FINL SVCS INC CP 0% 03/06/2026                                                 | CUSIP: 41282KC63<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749434.20     | 0.01%             | 2026-03-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                   | CROWN CASTLE INC CP 0% 03/12/2026                                                              | CUSIP: 22823QCC3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748865.93     | 0.01%             | 2026-03-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OZLM XIX LTD                                                       | OZLM XIX LTD 19A A1R3 TSFR3M+100 01/15/2035 144A                                               | CUSIP: 67112CBN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    635000 | PA      | $635117.48     | 0.01%             | 2035-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2026-1                       | GM FINANCIAL AUTOMOBILE LEASING TRUST 2026-1 4.44% 01/22/2030                                  | CUSIP: 36273VAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     70000 | PA      | $70376.68      | 0.00%             | 2030-01-22      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP                  | NATIONAL RURAL UTL COOP FIN 4.05% 02/09/2029                                                   | CUSIP: 63743HGE6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    595000 | PA      | $597894.67     | 0.01%             | 2029-02-09      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BACARDI MARTINI BV                                                 | BACARDI MARTINI BV YCP 0% 03/24/2026                                                           | CUSIP: 05634FCQ0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $747850.95     | 0.01%             | 2026-03-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LN ADVISERS NBLA CLO 50 LTD / NEUBERGER BERMAN LN | NEUBERGER BERMAN LN ADVISERS NBLA CLO 50 LTD / NEUBERGER BERMAN LN BR2 TSFR3M+ 07/23/2036 144A | CUSIP: 64134VBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $750100.50     | 0.01%             | 2036-07-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVE SECS TR 2026-R01                                   | CONNECTICUT AVE SECS TR 2026-R01 SOFR30A+85 01/25/2046 144A                                    | CUSIP: 20755BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    678624 | PA      | $678836.50     | 0.01%             | 2046-01-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5.5% 02/01/2055#CB9932                                                               | CUSIP: 3140QWBA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    375629 | PA      | $384703.76     | 0.01%             | 2055-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 3.5% 05/01/2052#SD2805                                                               | CUSIP: 3132DQDJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    812039 | PA      | $766787.26     | 0.02%             | 2052-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 5% 01/01/2055#SL0231                                                                 | CUSIP: 31427MHH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    345843 | PA      | $350132.84     | 0.01%             | 2055-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK5 2026-5YR20                                                   | BANK5 2026-5YR20 AS 5.336% 02/15/2057                                                          | CUSIP: 06650JAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $778477.58     | 0.02%             | 2059-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FED HOME LOAN MTG CORP - GOLD                                      | FHLG 30YR 6% 01/01/2056#SL4007                                                                 | CUSIP: 31427RNZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1172914 | PA      | $1214485.66    | 0.02%             | 2056-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5.5% 06/01/2054#FS8007                                                               | CUSIP: 3140XP3R8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    343763 | PA      | $352806.44     | 0.01%             | 2054-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE COR PORATION                            | FHLM 30YR 5.5% 05/01/2055#SL1717                                                               | CUSIP: 31427N4B2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    174832 | PA      | $177812.41     | 0.00%             | 2055-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE COR PORATION                            | FHLM 30YR 5.5% 04/01/2055#SL1135                                                               | CUSIP: 31427NHM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    483428 | PA      | $496013.70     | 0.01%             | 2055-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ARES LX CLO LTD                                                    | ARES LX CLO LTD CR TSFR3M+ 07/18/2034 144A                                                     | CUSIP: 04018FAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $875037.63     | 0.02%             | 2034-07-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 6.5% 04/01/2055#CC0216                                                               | CUSIP: 3140Y6G20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    347375 | PA      | $362784.48     | 0.01%             | 2055-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                       | ALPHABET INC 3.7% 02/15/2029                                                                   | CUSIP: 02079KBJ5<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    360000 | PA      | $360348.44     | 0.01%             | 2029-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                       | THERMO FISHER SCIENTIFIC INC 4.215% 02/12/2031                                                 | CUSIP: 883556DG4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    325000 | PA      | $327667.37     | 0.01%             | 2031-02-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                        | CENCORA INC 3.95% 02/13/2029                                                                   | CUSIP: 03073EBC8<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195082.78     | 0.00%             | 2029-02-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2026-A                              | HYUNDAI AUTO RECEIVABLES TRUST 2026-A 4.31% 06/15/2033                                         | CUSIP: 448981AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     90000 | PA      | $90607.22      | 0.00%             | 2033-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| 522 FDG CLO 2019-5 LTD / 522 FDG CLO 2019-5                        | 522 FDG CLO 2019-5 LTD / 522 FDG CLO 2019-5 AR2 TSFR3M+ 04/15/2035 144A                        | CUSIP: 33829WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    740000 | PA      | $740154.66     | 0.01%             | 2035-04-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES                                   | CARLYLE GLOBAL MARKET STRATEGIES A1R TSFR3M+98 04/15/2035 144A                                 | CUSIP: 14318JAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750036.75     | 0.01%             | 2035-04-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA1                            | FREDDIE MAC STACR REMIC TRUST 2021-DNA1 SOFR30A+ 02/25/2056 144A                               | CUSIP: 35564UCR6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    505000 | PA      | $505473.44     | 0.01%             | 2046-02-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                      | SOUTHERN CALIFORNIA EDISON CO CP 0% 03/27/2026                                                 | CUSIP: 8424C1CT3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    880000 | PA      | $877179.42     | 0.02%             | 2026-03-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2026-1                      | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2026-1 A3 4.18% 07/15/2030                              | CUSIP: 80288FAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    145000 | PA      | $145305.01     | 0.00%             | 2030-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2026-A LLC                                            | NMEF FUNDING 2026-A C LLC 4.71% 02/15/2034 144A                                                | CUSIP: 62919FAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100688.36     | 0.00%             | 2034-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CIFC 2022-3A AR MTGE                                               | CIFC 2022-3A AR MTGE AR TSFR3M+95 04/21/2035 144A                                              | CUSIP: 12571KAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749996.25     | 0.01%             | 2035-04-21      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2023-NQM7                          | BRAVO RESIDENTIAL FUNDING TRUST 2023-NQM7 A1 VAR 09/25/2063 144A                               | CUSIP: 10569HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    476491 | PA      | $480996.55     | 0.01%             | 2063-09-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                       | BARCLAYS PLC 4.219%/VAR 05/24/2030                                                             | CUSIP: 06738EDG7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200043.73     | 0.00%             | 2030-05-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BAIN CAP CR CLO 2021-4 LTD / BAIN CAP CR CLO 2021-4 LLC            | BAIN CAP CR CLO 2021-4 LTD / BAIN CAP CR CLO 2021-4 LLC A1RR TSFR3M+100 10/20/2034 144A        | CUSIP: 05685ABA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750036.75     | 0.01%             | 2034-10-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT REFINANCE LOAN TRUST 2026-A                                | NAVIENT REFINANCE LOAN TRUST 2026-A 4.5% 01/18/2056 144A                                       | CUSIP: 63943HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    160000 | PA      | $160342.38     | 0.00%             | 2056-01-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                         | LEIDOS INC 4.1% 03/15/2029                                                                     | CUSIP: 52532XAM7<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220563.40     | 0.00%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                        | OVINTIV INC CP 0% 03/19/2026                                                                   | CUSIP: 69047KCK9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    435000 | PA      | $433992.76     | 0.01%             | 2026-03-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST 2026-1                   | SFS AUTO RECEIVABLES SECURITIZATION TRUST 2026-1 4.46% 11/21/2033 144A                         | CUSIP: 81885FAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    345000 | PA      | $346911.78     | 0.01%             | 2033-11-21      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                               | EDISON INTERNATIONAL CP 0% 03/19/2026                                                          | CUSIP: 28103BCK6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    370000 | PA      | $369150.52     | 0.01%             | 2026-03-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                        | OVINTIV INC CP 0% 03/20/2026                                                                   | CUSIP: 69047KCL7<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    460000 | PA      | $458880.22     | 0.01%             | 2026-03-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LCM 39 LTD                                                         | LCM 39 LTD A1R2 TSFR3M+104 10/15/2034 144A                                                     | CUSIP: 50204NBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    460000 | PA      | $459997.70     | 0.01%             | 2034-10-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ADVANCED INFO SERVICE PCL                                          | ADVANCED INFO SERVICE PCL 4.26% 03/04/2031 REGS                                                | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | DBT              | CORP              | TH        |    220000 | PA      | $220759.00     | 0.00%             | 2031-03-04      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                                                     | BRUNSWICK CORP CP 0% 03/03/2026                                                                | CUSIP: 11704NC37<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |    550000 | PA      | $549740.57     | 0.01%             | 2026-03-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | ABBVIE INC 3.775% 03/03/2028                                                                   | CUSIP: 00287YED7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    690000 | PA      | $690913.37     | 0.01%             | 2028-03-03      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | ABBVIE INC 4.125% 03/15/2031                                                                   | CUSIP: 00287YEE5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195619.67     | 0.00%             | 2031-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC/ONTARIO                                  | ROGERS COMMUNICATIONS INC/ONTARIO YCP 0% 05/14/2026                                            | CUSIP: 77511MEE7<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $991865.20     | 0.02%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 5% 03/01/2056#MA5997                                                                 | CUSIP: 31418FUX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    481000 | PA      | $483547.04     | 0.01%             | 2056-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS CLO 51 LTD                          | NEUBERGER BERMAN LOAN ADVISERS CLO 51 LTD AR2 TSFR3M+100 10/23/2036 144A                       | CUSIP: 64135BAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $749996.25     | 0.01%             | 2036-10-23      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA GTD MTG PASS THRU CTF                                         | FNMA 30YR 6% 09/01/2055#CC1042                                                                 | CUSIP: 3140Y7EQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1161165 | PA      | $1199597.89    | 0.02%             | 2055-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HOMES 2026-AFC1 TR                                                 | HOMES 2026-AFC1 A1 TRUST VAR 02/25/2061 144A                                                   | CUSIP: 403972AC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    385000 | PA      | $384995.92     | 0.01%             | 2061-02-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Heather Bonner

**Signature:** Heather Bonner

**Name of Signer:** Heather Bonner

**Title:** President and Treasurer