# EDGAR Filing Document

**Accession Number:** 0000351601
**File Stem:** 0001752724-25-147384
**Filing Date:** 2025-6
**Character Count:** 272772
**Document Hash:** aaec80cfac004da0791210f9270b61c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-147384.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-147384

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RUSSELL INVESTMENT CO
- **CENTRAL INDEX KEY:** 0000351601

**ORGANIZATION NAME:**
- **EIN:** 911151059
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03153
- **FILM NUMBER:** 251055200

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101
- **BUSINESS PHONE:** 800-787-7354

**MAIL ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RUSSELL FRANK INVESTMENT CO
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Short Duration Bond Fund (Series ID: S000001601)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000004336 | Class S      | RFBSX           |
| C000004337 | Class C      | RSBCX           |
| C000043470 | Class A      | RSBTX           |
| C000066918 | Class Y      | RSBYX           |
| C000166204 | Class R6     | RDBRX           |
| C000178370 | Class M      | RSDTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RUSSELL INVESTMENT CO

- **b. Investment Company Act file number:** 811-03153

- **c. CIK number of Registrant:** 0000351601

- **d. LEI of Registrant:** 549300J63VJ9OS4TCK93

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

  - **Street Address 1:** 1301 SECOND AVENUE

  - **City:** SEATTLE

  - **State:** WA

  - **Foreign country:** US

  - **Zip / Postal Code:** 98101

  - **Telephone number:** 800-787-7354

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

- **a. Name of Series:** Short Duration Bond Fund

- **b. EDGAR series identifier (if any):** S000001601

- **c. LEI of Series:** SYIWP2HFI2PTL75P6V57

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $420914172.28

**Total Liabilities:** $2093243.89

**Net Assets:** $418820928.39

**Delayed Delivery Securities:** $1054901.92

**Cash Not Reported:** $723250.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1282.37000000 | **1-Year:** -31504.50000000 | **5-Year:** -20318.06000000 | **10-Year:** -4713.45000000 | **30-Year:** -2818.38000000

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

- **3-Month:** -14.91000000 | **1-Year:** -896.07000000 | **5-Year:** -3451.38000000 | **10-Year:** -176.31000000 | **30-Year:** -31.99000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000043470 | 0.82%                | 0.42%                | 0.57%                |
| Class ID C000166204 | 0.84%                | 0.45%                | 0.59%                |
| Class ID C000004336 | 0.83%                | 0.44%                | 0.59%                |
| Class ID C000178370 | 0.89%                | 0.39%                | 0.59%                |
| Class ID C000004337 | 0.79%                | 0.32%                | 0.52%                |
| Class ID C000066918 | 0.84%                | 0.45%                | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $40961.69                | $1602240.85                                |
| Month 2  | $182690.21               | $-215928.50                                |
| Month 3  | $65116.60                | $519710.05                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| XCEL ENERGY INC                                                                                     | Xcel Energy Inc                                                                 | CUSIP: 98389BAW0<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    851000 | PA      | $777639.39    | 0.19%             | 2029-12-01      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3445000 | PA      | $3490753.91   | 0.83%             | 2030-02-28      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| NOMURA HOLDINGS INC                                                                                 | Nomura Holdings Inc                                                             | CUSIP: 65535HAW9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    626000 | PA      | $604594.99    | 0.14%             | 2026-07-14      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| SIXTH STREET SPECIALTY                                                                              | Sixth Street Specialty Lending Inc                                              | CUSIP: 83012AAC3<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |    261000 | PA      | $264230.87    | 0.06%             | 2029-03-01      | Fixed         | 6.13%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                                                                | Bank of America Corp                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1680597.48   | 0.40%             | 2031-01-24      | Fixed         | 5.16%                 | No            | 2                  | On Loan: No      |
| COCA-COLA EUROPACIFIC                                                                               | Coca-Cola Europacific Partners PLC                                              | CUSIP: 19123MAF0<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |    717000 | PA      | $683165.09    | 0.16%             | 2027-01-15      | Fixed         | 1.50%                 | Yes           | 2                  | On Loan: No      |
| Eurex Deutschland                                                                                   | EURO-BUND FUTURE JUN25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -30 | NC      | $-23121.48    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| SKYWORKS SOLUTIONS INC                                                                              | Skyworks Solutions Inc                                                          | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    741000 | PA      | $716816.81    | 0.17%             | 2026-06-01      | Fixed         | 1.80%                 | No            | 2                  | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                                         | BBCMS Mortgage Trust 2020-C8                                                    | CUSIP: 05552AAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $56400.73     | 0.01%             | 2053-10-15      | Fixed         | 1.87%                 | No            | 2                  | On Loan: No      |
| Northern Trust Corp                                                                                 | Northern Trust Corp                                                             | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    542000 | PA      | $523831.42    | 0.13%             | 2032-05-08      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| EQUINIX INC                                                                                         | Equinix Inc                                                                     | CUSIP: 29444UBL9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    446000 | PA      | $412015.18    | 0.10%             | 2028-03-15      | Fixed         | 1.55%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                                                                 | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1600159.82   | 0.38%             | 2028-01-23      | Fixed         | 5.04%                 | No            | 2                  | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    567000 | PA      | $578142.81    | 0.14%             | 2026-11-10      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1730109.38   | 0.41%             | 2026-12-31      | Fixed         | 1.25%                 | No            | 2                  | On Loan: No      |
| Home Partners of America Trust                                                                      | Home Partners of America 2020-2 Trust                                           | CUSIP: 437301AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    955080 | PA      | $871737.03    | 0.21%             | 2041-01-17      | Fixed         | 1.53%                 | Yes           | 2                  | On Loan: No      |
| Nissan Auto Lease Trust                                                                             | Nissan Auto Lease Trust 2025-A                                                  | CUSIP: 65479XAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $266801.34    | 0.06%             | 2029-02-15      | Fixed         | 5.03%                 | No            | 2                  | On Loan: No      |
| BANCO SANTANDER SA                                                                                  | Banco Santander SA                                                              | CUSIP: 05964HAU9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    539000 | PA      | $555439.91    | 0.13%             | 2028-08-08      | Fixed         | 5.59%                 | No            | 2                  | On Loan: No      |
| Verus Securitization Trust                                                                          | Verus Securitization Trust 2024-7                                               | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |    888257 | PA      | $884515.05    | 0.21%             | 2069-09-25      | Variable      | 5.10%                 | Yes           | 2                  | On Loan: No      |
| BARINGS BDC INC                                                                                     | Barings BDC Inc                                                                 | CUSIP: 06759LAC7<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |    623000 | PA      | $599540.54    | 0.14%             | 2026-11-23      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| Bank                                                                                                | BANK 2019-BNK22                                                                 | CUSIP: 06540XBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    103750 | PA      | $100344.19    | 0.02%             | 2062-11-15      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| BANK OF MONTREAL                                                                                    | Bank of Montreal                                                                | CUSIP: 06368LC53<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1319409.66   | 0.32%             | 2026-12-11      | Fixed         | 5.27%                 | No            | 2                  | On Loan: No      |
| Tyson Foods Inc                                                                                     | Tyson Foods Inc                                                                 | CUSIP: 902494BC6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    393000 | PA      | $386738.52    | 0.09%             | 2027-06-02      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| Inversiones CMPC SA                                                                                 | Inversiones CMPC SA                                                             | CUSIP: 46128MAJ0<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    230000 | PA      | $227704.23    | 0.05%             | 2027-04-04      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| CITIGROUP INC                                                                                       | Citigroup Inc                                                                   | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1427032.93   | 0.34%             | 2029-03-04      | Fixed         | 4.79%                 | No            | 2                  | On Loan: No      |
| NATIONAL FUEL GAS CO                                                                                | National Fuel Gas Co                                                            | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    730000 | PA      | $738098.38    | 0.18%             | 2026-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                                                         | Oracle Corp                                                                     | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1240955.29   | 0.30%             | 2028-08-03      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Hertz Vehicle Financing LLC                                                                         | Hertz Vehicle Financing III LP                                                  | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3845000 | PA      | $3674676.42   | 0.88%             | 2027-12-27      | Fixed         | 1.68%                 | Yes           | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2007031.26   | 0.48%             | 2027-08-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                                                                             | Dryden 55 CLO Ltd                                                               | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     99118 | PA      | $99116.45     | 0.02%             | 2031-04-15      | Floating      | 5.54%                 | Yes           | 2                  | On Loan: No      |
| VONTIER CORP                                                                                        | Vontier Corp                                                                    | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    671000 | PA      | $627564.00    | 0.15%             | 2028-04-01      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BUQL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2508231 | PA      | $2500369.98   | 0.60%             | 2055-01-25      | Floating      | 5.60%                 | No            | 2                  | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                                            | Omega Healthcare Investors Inc                                                  | CUSIP: 681936BL3<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |    238000 | PA      | $223745.49    | 0.05%             | 2029-10-01      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Capital I Trust                                                                      | Morgan Stanley Capital I Trust 2019-H7                                          | CUSIP: 61771MAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260323 | PA      | $254591.68    | 0.06%             | 2052-07-15      | Fixed         | 3.17%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                                               | Blue Owl Capital Corp                                                           | CUSIP: 69121KAG9<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    185000 | PA      | $168922.92    | 0.04%             | 2028-06-11      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bills                                                             | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1800000 | PA      | $1783902.10   | 0.43%             | 2025-07-17      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| T-MOBILE USA INC                                                                                    | T-Mobile USA Inc                                                                | CUSIP: 87264ADA0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    583000 | PA      | $588888.32    | 0.14%             | 2028-07-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| BX Trust                                                                                            | BX Commercial Mortgage Trust 2020-VIVA                                          | CUSIP: 12433XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $90314.80     | 0.02%             | 2044-03-11      | Variable      | 3.67%                 | Yes           | 2                  | On Loan: No      |
| ABBVIE INC                                                                                          | AbbVie Inc                                                                      | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    715000 | PA      | $724272.88    | 0.17%             | 2027-03-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS BANK USA                                                                              | Goldman Sachs Bank USA/New York NY                                              | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1185949.37   | 0.28%             | 2027-05-21      | Fixed         | 5.41%                 | No            | 2                  | On Loan: No      |
| Freddie Mac - STACR                                                                                 | Freddie Mac STACR REMIC Trust 2021-DNA6                                         | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |    364930 | PA      | $364333.07    | 0.09%             | 2041-10-25      | Floating      | 5.85%                 | Yes           | 2                  | On Loan: No      |
| Caesars Entertainment Inc                                                                           | Caesars Entertainment Inc                                                       | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31081.80     | 0.01%             | 2027-07-01      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                                            | SVENSKA HANDELSBANKEN AB                                                        | CUSIP: 86959TMK9<br>LEI: N/A                  | Long             | STIV             | CORP              | SE        |   2400000 | PA      | $2399700.00   | 0.57%             | 2025-07-02      | Fixed         | 4.36%                 | No            | 2                  | On Loan: No      |
| ALASKA AIRLINES 2020 TR                                                                             | Alaska Airlines 2020-1 Class A Pass Through Trust                               | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417478 | PA      | $414017.24    | 0.10%             | 2027-08-15      | Fixed         | 4.80%                 | Yes           | 2                  | On Loan: No      |
| BCRED MML CLO 2021-1 LLC                                                                            | BCRED MML CLO 2021-1 LLC                                                        | CUSIP: 05554LAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $199551.40    | 0.05%             | 2035-01-15      | Floating      | 6.00%                 | Yes           | 2                  | On Loan: No      |
| TORONTO-DOMINION BANK                                                                               | Toronto-Dominion Bank/The                                                       | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $259733.68    | 0.06%             | 2031-09-15      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2020-SFR2 Trust                                                            | CUSIP: 00178UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    718480 | PA      | $713996.24    | 0.17%             | 2037-07-17      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac                                                                                         | Freddie Mac REMICS                                                              | CUSIP: 3137HHTX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2347802 | PA      | $2345970.60   | 0.56%             | 2051-12-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Bank of America Credit Card Trust                                                                   | BA Credit Card Trust                                                            | CUSIP: 05522RDJ4<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $284456.38    | 0.07%             | 2029-05-15      | Fixed         | 4.93%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BUUY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1857999 | PA      | $1866922.58   | 0.45%             | 2055-02-25      | Floating      | 5.85%                 | No            | 2                  | On Loan: No      |
| PHILIP MORRIS INTL INC                                                                              | Philip Morris International Inc                                                 | CUSIP: 718172DF3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    945000 | PA      | $955095.17    | 0.23%             | 2027-02-12      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                                                         | Oracle Corp                                                                     | CUSIP: 68389XCX1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    530000 | PA      | $530618.74    | 0.13%             | 2028-08-03      | Floating      | 5.12%                 | No            | 2                  | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                            | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDU5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    620000 | PA      | $617125.42    | 0.15%             | 2026-08-20      | Fixed         | 2.33%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BRWF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3040149 | PA      | $3030747.76   | 0.72%             | 2054-05-25      | Floating      | 5.60%                 | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO                                                                              | General Motors Financial Co Inc                                                 | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    735000 | PA      | $710283.43    | 0.17%             | 2029-04-06      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                                                 | Toyota Auto Receivables 2024-A Owner Trust                                      | CUSIP: 89238DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95180 | PA      | $95226.80     | 0.02%             | 2026-12-15      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| CarMax Auto Owner Trust                                                                             | CarMax Auto Owner Trust 2024-1                                                  | CUSIP: 14318WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $76033.04     | 0.02%             | 2029-08-15      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                                           | SFS Auto Receivables Securitization Trust 2024-3                                | CUSIP: 78436XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $704288.85    | 0.17%             | 2030-06-20      | Fixed         | 4.55%                 | Yes           | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                                                                                | Royal Bank of Canada                                                            | CUSIP: 78016HZT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $212574.07    | 0.05%             | 2027-01-19      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Barclays PLC                                                                                        | Barclays PLC                                                                    | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $608623.60    | 0.15%             | 2028-05-09      | Fixed         | 4.84%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                                                               | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1278257.96   | 0.31%             | 2028-01-24      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Navient Student Loan Trust                                                                          | Navient Private Education Refi Loan Trust 2020-D                                | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93512 | PA      | $88013.37     | 0.02%             | 2069-05-15      | Fixed         | 1.69%                 | Yes           | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                                            | Enterprise Products Operating LLC                                               | CUSIP: 29379VCE1<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $704922.39    | 0.17%             | 2027-01-11      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS L                                                                            | First Quantum Minerals Ltd                                                      | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $209655.23    | 0.05%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                                            | F&G Annuities & Life Inc                                                        | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    568000 | PA      | $592927.96    | 0.14%             | 2028-01-13      | Fixed         | 7.40%                 | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                                             | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    950000 | PA      | $934777.63    | 0.22%             | 2028-06-05      | Fixed         | 3.69%                 | No            | 2                  | On Loan: No      |
| SYNOPSYS INC                                                                                        | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1198931.09   | 0.29%             | 2028-04-01      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase Bank NA                                                                              | PURCHASED JPY / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $128666.21    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| PACCAR FINANCIAL CORP                                                                               | PACCAR Financial Corp                                                           | CUSIP: 69371RR99<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2264519.52   | 0.54%             | 2025-08-11      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2020-SFR4 Trust                                                            | CUSIP: 66981FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    570000 | PA      | $560283.93    | 0.13%             | 2037-11-17      | Fixed         | 1.71%                 | Yes           | 2                  | On Loan: No      |
| SUZANO INTL FINANCE BV                                                                              | Suzano International Finance BV                                                 | CUSIP: 000000000<br>LEI: 5493000KMIB6J1KMKL84 | Long             | DBT              | CORP              | NL        |    384000 | PA      | $387486.37    | 0.09%             | 2027-01-17      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae Pool                                                                 | CUSIP: 31412VKK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        23 | PA      | $23.04        | 0.00%             | 2025-06-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Verizon Master Trust                                                                                | Verizon Master Trust                                                            | CUSIP: 92348KDU4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    335000 | PA      | $340239.01    | 0.08%             | 2031-01-21      | Fixed         | 5.09%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                                                      | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    725000 | PA      | $734879.66    | 0.18%             | 2029-04-12      | Fixed         | 4.99%                 | No            | 2                  | On Loan: No      |
| Golden Credit Card Trust                                                                            | Golden Credit Card Trust                                                        | CUSIP: 380881FB3<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $960480.26    | 0.23%             | 2028-08-15      | Fixed         | 1.14%                 | Yes           | 2                  | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                                            | Corebridge Financial Inc                                                        | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    133000 | PA      | $134546.23    | 0.03%             | 2052-12-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| AXIS SPECIALTY FINANCE                                                                              | AXIS Specialty Finance LLC                                                      | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    278000 | PA      | $263060.49    | 0.06%             | 2040-01-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                                                   | HSBC Holdings PLC                                                               | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    685000 | PA      | $695643.50    | 0.17%             | 2027-08-14      | Fixed         | 5.89%                 | No            | 2                  | On Loan: No      |
| Cencosud SA                                                                                         | Cencosud SA                                                                     | CUSIP: 15132HAH4<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    584000 | PA      | $577053.05    | 0.14%             | 2027-07-17      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                                                                              | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    679000 | PA      | $668751.38    | 0.16%             | 2026-11-15      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |
| BANK OF MONTREAL                                                                                    | Bank of Montreal                                                                | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $630650.73    | 0.15%             | 2027-09-10      | Fixed         | 4.57%                 | No            | 2                  | On Loan: No      |
| KEY BANK NA                                                                                         | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M3G7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    395000 | PA      | $394191.05    | 0.09%             | 2026-01-26      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BUQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1010994 | PA      | $1007961.61   | 0.24%             | 2055-01-25      | Floating      | 5.65%                 | No            | 2                  | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                                     | CSAIL 2019-C17 Commercial Mortgage Trust                                        | CUSIP: 12597BAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138425 | PA      | $134964.22    | 0.03%             | 2052-09-15      | Fixed         | 2.96%                 | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIONS                                                                              | Verizon Communications Inc                                                      | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    750000 | PA      | $707958.74    | 0.17%             | 2028-03-22      | Fixed         | 2.10%                 | No            | 2                  | On Loan: No      |
| Freddie Mac - STACR                                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA2                                         | CUSIP: 35564KRF8<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $305375.92    | 0.07%             | 2042-02-25      | Floating      | 6.75%                 | Yes           | 2                  | On Loan: No      |
| HSBC Bank USA NA                                                                                    | PURCHASED USD / SOLD SEK                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-55128.83    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                                                                                | Royal Bank of Canada                                                            | CUSIP: 78017FZS5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    890000 | PA      | $891770.06    | 0.21%             | 2028-10-18      | Fixed         | 4.52%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2021-SFR2 Trust                                                            | CUSIP: 00179VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2659388 | PA      | $2559405.11   | 0.61%             | 2038-08-17      | Fixed         | 1.53%                 | Yes           | 2                  | On Loan: No      |
| Enstar Group Ltd                                                                                    | Enstar Group Ltd                                                                | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    676000 | PA      | $673469.77    | 0.16%             | 2029-06-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                                                | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                   | CUSIP: 70917TSC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $609075.64    | 0.15%             | 2026-11-01      | Fixed         | 4.86%                 | No            | 2                  | On Loan: No      |
| EQUATE PETROCHEMICAL CO                                                                             | EQUATE Petrochemical Co KSC                                                     | CUSIP: 29441WAC9<br>LEI: 635400J73BDO4TTGXD45 | Long             | DBT              | CORP              | KW        |    260000 | PA      | $257395.40    | 0.06%             | 2026-11-03      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Woodward Capital Management                                                                         | RCKT Mortgage Trust 2025-CES2                                                   | CUSIP: 74942BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    849446 | PA      | $853516.16    | 0.20%             | 2055-02-25      | Variable      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| STAR 2022-SFR3 Trust                                                                                | STAR 2022-SFR3 Trust                                                            | CUSIP: 78474PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1624932 | PA      | $1623234.51   | 0.39%             | 2039-05-17      | Floating      | 5.97%                 | Yes           | 2                  | On Loan: No      |
| PROMIGAS/GASES PACIFICO                                                                             | Promigas SA ESP / Gases del Pacifico SAC                                        | CUSIP: 74348DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    363000 | PA      | $338005.74    | 0.08%             | 2029-10-16      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Unilever Capital Corp                                                                               | Unilever Capital Corp                                                           | CUSIP: 904764AS6<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1793094.16   | 0.43%             | 2025-07-30      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| BX Trust                                                                                            | BX Trust 2022-LBA6                                                              | CUSIP: 12433EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $248682.94    | 0.06%             | 2039-01-15      | Floating      | 5.32%                 | Yes           | 2                  | On Loan: No      |
| Hexcel Corp                                                                                         | Hexcel Corp                                                                     | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    607000 | PA      | $600013.78    | 0.14%             | 2027-02-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| SANDS CHINA LTD                                                                                     | Sands China Ltd                                                                 | CUSIP: 80007RAN5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $188166.46    | 0.04%             | 2027-03-08      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| TORONTO-DOMINION BANK                                                                               | Toronto-Dominion Bank/The                                                       | CUSIP: 89115A2H4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    755000 | PA      | $761639.42    | 0.18%             | 2027-09-15      | Fixed         | 4.69%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2020-SFR5 Trust                                                            | CUSIP: 03217JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312920 | PA      | $307300.49    | 0.07%             | 2037-11-17      | Fixed         | 1.38%                 | Yes           | 2                  | On Loan: No      |
| CONSUMERS ENERGY CO                                                                                 | Consumers Energy Co                                                             | CUSIP: 210518DV5<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    875000 | PA      | $892790.25    | 0.21%             | 2029-02-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| Navient Student Loan Trust                                                                          | Navient Private Education Refi Loan Trust 2021-E                                | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215079 | PA      | $188977.21    | 0.05%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           | 2                  | On Loan: No      |
| SEALED AIR CORP                                                                                     | Sealed Air Corp                                                                 | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    976000 | PA      | $928029.27    | 0.22%             | 2026-10-15      | Fixed         | 1.57%                 | Yes           | 2                  | On Loan: No      |
| Nvent Finance Sarl                                                                                  | nVent Finance Sarl                                                              | CUSIP: 67078AAD5<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |    534000 | PA      | $533614.94    | 0.13%             | 2028-04-15      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2024-SFR2 Trust                                                            | CUSIP: 00179UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $145902.22    | 0.03%             | 2041-11-17      | Fixed         | 4.15%                 | Yes           | 2                  | On Loan: No      |
| Wells Fargo Card issuance Trust                                                                     | WF Card Issuance Trust                                                          | CUSIP: 92970QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $617874.15    | 0.15%             | 2029-02-15      | Fixed         | 4.94%                 | No            | 2                  | On Loan: No      |
| FS KKR CAPITAL CORP                                                                                 | FS KKR Capital Corp                                                             | CUSIP: 302635AL1<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    205000 | PA      | $194521.79    | 0.05%             | 2027-07-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bills                                                             | CUSIP: 912797NM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    255000 | PA      | $254369.40    | 0.06%             | 2025-05-22      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| John Deere Owner Trust                                                                              | John Deere Owner Trust 2024                                                     | CUSIP: 47800RAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    607551 | PA      | $608032.31    | 0.15%             | 2027-02-16      | Fixed         | 5.19%                 | No            | 2                  | On Loan: No      |
| Meritage Homes Corp                                                                                 | Meritage Homes Corp                                                             | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    495000 | PA      | $498315.50    | 0.12%             | 2027-06-06      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| AT&T INC                                                                                            | AT&T Inc                                                                        | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1755698.20   | 0.42%             | 2026-03-25      | Fixed         | 1.70%                 | No            | 2                  | On Loan: No      |
| Capital One Multi-Asset Execution Trust                                                             | Capital One Multi-Asset Execution Trust                                         | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001556.01   | 0.24%             | 2027-10-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Onslow Bay Financial LLC                                                                            | OBX 2025-NQM6 Trust                                                             | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |   1085759 | PA      | $1091337.86   | 0.26%             | 2065-03-25      | Variable      | 5.60%                 | Yes           | 2                  | On Loan: No      |
| Tricon Residential                                                                                  | Tricon Residential 2024-SFR2 Trust                                              | CUSIP: 89616VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299659 | PA      | $299490.52    | 0.07%             | 2040-06-17      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Hin Timeshare Trust                                                                                 | HINNT 2024-A LLC                                                                | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147219 | PA      | $149055.22    | 0.04%             | 2043-03-15      | Fixed         | 5.49%                 | Yes           | 2                  | On Loan: No      |
| CVS HEALTH CORP                                                                                     | CVS Health Corp                                                                 | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    720000 | PA      | $669228.03    | 0.16%             | 2027-08-21      | Fixed         | 1.30%                 | No            | 2                  | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                                             | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    735000 | PA      | $725700.76    | 0.17%             | 2026-07-26      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| NYC Commercial Mortgage Trust                                                                       | NYC Commercial Mortgage Trust 2025-3BP                                          | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    730000 | PA      | $720570.78    | 0.17%             | 2042-02-15      | Floating      | 5.53%                 | Yes           | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                                                                                 | American Express Co                                                             | CUSIP: 025816CM9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1827369.80   | 0.44%             | 2026-11-04      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Barclays Mortgage Loan Trust                                                                        | Barclays Mortgage Loan Trust 2024-NQM4                                          | CUSIP: 06745KAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1975224 | PA      | $1952327.93   | 0.47%             | 2064-12-26      | Variable      | 4.79%                 | Yes           | 2                  | On Loan: No      |
| XPO INC                                                                                             | XPO Inc                                                                         | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    573000 | PA      | $578754.82    | 0.14%             | 2028-06-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                                | Las Vegas Sands Corp                                                            | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    738000 | PA      | $721694.61    | 0.17%             | 2026-08-18      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Woodward Capital Management                                                                         | RCKT Mortgage Trust 2024-CES1                                                   | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    209280 | PA      | $210255.90    | 0.05%             | 2044-02-25      | Variable      | 6.03%                 | Yes           | 2                  | On Loan: No      |
| VAR ENERGI ASA                                                                                      | Var Energi ASA                                                                  | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    194000 | PA      | $195276.84    | 0.05%             | 2027-05-18      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Monongahela Power Co                                                                                | Monongahela Power Co                                                            | CUSIP: 610202BR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $432723.35    | 0.10%             | 2027-05-15      | Fixed         | 3.55%                 | Yes           | 2                  | On Loan: No      |
| Synchrony Card Issuance Trust                                                                       | Synchrony Card Funding LLC                                                      | CUSIP: 87166PAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    920000 | PA      | $934220.92    | 0.22%             | 2030-03-15      | Fixed         | 5.04%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BRTV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    969945 | PA      | $967755.13    | 0.23%             | 2044-03-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PRP Advisors, LLC                                                                                   | PRPM 2024-RCF1 LLC                                                              | CUSIP: 693581AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    645389 | PA      | $630639.52    | 0.15%             | 2054-01-25      | Variable      | 4.00%                 | Yes           | 2                  | On Loan: No      |
| TSMC ARIZONA CORP                                                                                   | TSMC Arizona Corp                                                               | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385283.76    | 0.09%             | 2026-10-25      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Mercury General Corp                                                                                | Mercury General Corp                                                            | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |    668000 | PA      | $659351.91    | 0.16%             | 2027-03-15      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| Osaka Exchange                                                                                      | JPN 10Y BOND(OSE) JUN25                                                         | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |        -8 | NC      | $-165813.40   | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Taxable Municipal Funding Trust                                                                     | TXBL MUNI FUNDING TRUST VARIOUS STATES                                          | CUSIP: 62630WEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170000.00    | 0.04%             | 2030-09-01      | Floating      | 4.65%                 | Yes           | 2                  | On Loan: No      |
| DTE ENERGY CO                                                                                       | DTE Energy Co                                                                   | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    865000 | PA      | $873962.07    | 0.21%             | 2027-07-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                                                              | HAT Holdings I LLC / HAT Holdings II LLC                                        | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    694000 | PA      | $673618.30    | 0.16%             | 2026-06-15      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                                  | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                            | CUSIP: 64990KHE6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    345000 | PA      | $345565.33    | 0.08%             | 2027-03-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| UBS Commercial Mortgage Trust                                                                       | UBS Commercial Mortgage Trust 2017-C2                                           | CUSIP: 90276CAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340211 | PA      | $333270.19    | 0.08%             | 2050-08-15      | Fixed         | 3.23%                 | No            | 2                  | On Loan: No      |
| Verus Securitization Trust                                                                          | Verus Securitization Trust 2024-INV2                                            | CUSIP: 92540NAA1<br>LEI: 2138002Y4WGHSN8NFF24 | Long             | ABS-MBS          | CORP              | US        |    468220 | PA      | $467916.52    | 0.11%             | 2069-08-26      | Variable      | 5.33%                 | Yes           | 2                  | On Loan: No      |
| JPMorgan Chase Bank NA                                                                              | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |         1 | NC      | $-18071.68    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| VICI PROPERTIES / NOTE                                                                              | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              |  | US        |    199000 | PA      | $195383.02    | 0.05%             | 2027-02-15      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Elmwood CLO I Ltd.                                                                                  | Elmwood CLO I Ltd                                                               | CUSIP: 290015AW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    130000 | PA      | $130156.39    | 0.03%             | 2037-04-20      | Floating      | 5.79%                 | Yes           | 2                  | On Loan: No      |
| Constellation Brands Inc                                                                            | Constellation Brands Inc                                                        | CUSIP: 21036PAY4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    429000 | PA      | $418417.89    | 0.10%             | 2028-02-15      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Home Partners of America Trust                                                                      | Home Partners of America 2021-2 Trust                                           | CUSIP: 43732VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312027 | PA      | $299041.77    | 0.07%             | 2026-12-17      | Fixed         | 2.30%                 | Yes           | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED USD / SOLD CAD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-571.24      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| PTTEP TREASURY CENTER CO                                                                            | PTTEP Treasury Center Co Ltd                                                    | CUSIP: 69371MAF4<br>LEI: 2549006WFOUPZX6TZG08 | Long             | DBT              | CORP              | TH        |    680000 | PA      | $653379.24    | 0.16%             | 2027-06-10      | Fixed         | 2.59%                 | Yes           | 2                  | On Loan: No      |
| Evergreen Credit Card Trust                                                                         | Evergreen Credit Card Trust                                                     | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    320000 | PA      | $323119.93    | 0.08%             | 2029-05-15      | Fixed         | 5.24%                 | Yes           | 2                  | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                                                                            | FirstEnergy Pennsylvania Electric Co                                            | CUSIP: 708696CA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $526073.30    | 0.13%             | 2026-03-30      | Fixed         | 5.15%                 | Yes           | 2                  | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                                             | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              |  | US        |    500000 | PA      | $507069.91    | 0.12%             | 2028-06-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| FS KKR CAPITAL CORP                                                                                 | FS KKR Capital Corp                                                             | CUSIP: 302635AH0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    586000 | PA      | $554351.81    | 0.13%             | 2027-01-15      | Fixed         | 2.63%                 | No            | 2                  | On Loan: No      |
| LPL HOLDINGS INC                                                                                    | LPL Holdings Inc                                                                | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    779000 | PA      | $747362.53    | 0.18%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| BANK OF NOVA SCOTIA                                                                                 | Bank of Nova Scotia/The                                                         | CUSIP: 06417XAN1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1450000 | PA      | $1452440.02   | 0.35%             | 2026-02-02      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                                       | JPMCC Commercial Mortgage Securities Trust 2017-JP7                             | CUSIP: 465968AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155550 | PA      | $150749.53    | 0.04%             | 2050-09-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica                                                   | FRESB 2018-SB52 Mortgage Trust                                                  | CUSIP: 30297CAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    147911 | PA      | $145711.21    | 0.03%             | 2028-06-25      | Variable      | 3.48%                 | No            | 2                  | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                                            | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDN1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $442960.88    | 0.11%             | 2028-04-06      | Fixed         | 3.65%                 | Yes           | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                                             | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    805000 | PA      | $812024.57    | 0.19%             | 2028-04-23      | Fixed         | 4.94%                 | No            | 2                  | On Loan: No      |
| WALMART INC                                                                                         | Walmart Inc                                                                     | CUSIP: 931142EX7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1303613.48   | 0.31%             | 2027-09-09      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 10YR ULTRA FUT JUN25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        59 | NC      | $65758.67     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                                            | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    855000 | PA      | $836388.53    | 0.20%             | 2027-05-28      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                                                                             | Dryden 87 CLO Ltd                                                               | CUSIP: 26246GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $199753.60    | 0.05%             | 2034-05-20      | Floating      | 5.68%                 | Yes           | 2                  | On Loan: No      |
| Apple Inc                                                                                           | Apple Inc                                                                       | CUSIP: 037833CJ7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1189745.04   | 0.28%             | 2027-02-09      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| Credit Agricole SA                                                                                  | Credit Agricole SA                                                              | CUSIP: 225313AK1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    521000 | PA      | $503260.67    | 0.12%             | 2033-01-10      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| FRESENIUS MED CARE III                                                                              | Fresenius Medical Care US Finance III Inc                                       | CUSIP: 35805BAA6<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |    710000 | PA      | $674171.72    | 0.16%             | 2029-06-15      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Manulife Financial Corp                                                                             | Manulife Financial Corp                                                         | CUSIP: 56501RAE6<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |    309000 | PA      | $303890.95    | 0.07%             | 2032-02-24      | Fixed         | 4.06%                 | No            | 2                  | On Loan: No      |
| Alphabet Inc                                                                                        | Alphabet Inc                                                                    | CUSIP: 02079NSE2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249602.78    | 0.06%             | 2025-05-14      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Hyundai Auto Receivables Trust                                                                      | Hyundai Auto Receivables Trust 2024-A                                           | CUSIP: 448973AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    483298 | PA      | $483954.10    | 0.12%             | 2027-04-15      | Fixed         | 5.29%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                                             | MPLX LP                                                                         | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    755000 | PA      | $735660.71    | 0.18%             | 2026-03-01      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| EQT CORP                                                                                            | EQT Corp                                                                        | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283983.86    | 0.07%             | 2026-05-15      | Fixed         | 3.13%                 | Yes           | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                                                                 | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    805000 | PA      | $816287.39    | 0.19%             | 2029-01-24      | Fixed         | 4.92%                 | No            | 2                  | On Loan: No      |
| Home Partners of America Trust                                                                      | Home Partners of America 2019-2 Trust                                           | CUSIP: 43732TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    888375 | PA      | $853500.70    | 0.20%             | 2039-10-19      | Fixed         | 2.92%                 | Yes           | 2                  | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                                             | John Deere Capital Corp                                                         | CUSIP: 24422EXD6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1750060.94   | 0.42%             | 2026-09-08      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| VERALTO CORP                                                                                        | Veralto Corp                                                                    | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    569000 | PA      | $576972.08    | 0.14%             | 2026-09-18      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BANK OF NEW YORK MELLON                                                                             | Bank of New York Mellon/The                                                     | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |    430000 | PA      | $435867.36    | 0.10%             | 2029-04-20      | Fixed         | 4.73%                 | No            | 2                  | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                                              | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607LSL8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1740000 | PA      | $1765828.37   | 0.42%             | 2026-07-17      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                                            | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1163760.93   | 0.28%             | 2027-03-05      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Navistar Financial Dealer Note Master Trust                                                         | Navistar Financial Dealer Note Master Owner Trust                               | CUSIP: 63938PBX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101040.39    | 0.02%             | 2029-04-25      | Fixed         | 5.79%                 | Yes           | 2                  | On Loan: No      |
| Morgan Stanley Capital Inc                                                                          | Morgan Stanley ABS Capital I Inc Trust 2004-HE3                                 | CUSIP: 61744CDH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88926 | PA      | $89281.11     | 0.02%             | 2034-03-25      | Floating      | 5.30%                 | No            | 2                  | On Loan: No      |
| M&T Bank Auto Receivables Trust                                                                     | M&T Bank Auto Receivables Trust 2024-1                                          | CUSIP: 55286TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1315000 | PA      | $1332559.62   | 0.32%             | 2032-02-17      | Fixed         | 5.22%                 | Yes           | 2                  | On Loan: No      |
| BX Trust                                                                                            | BX Commercial Mortgage Trust 2020-VIVA                                          | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $217525.86    | 0.05%             | 2044-03-11      | Variable      | 3.67%                 | Yes           | 2                  | On Loan: No      |
| arbor multifamily mortgage securities trust                                                         | Arbor Multifamily Mortgage Securities Trust 2021-MF3                            | CUSIP: 03882KAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    345000 | PA      | $327518.82    | 0.08%             | 2054-10-15      | Fixed         | 2.21%                 | Yes           | 2                  | On Loan: No      |
| Natixis SA/New York NY                                                                              | Natixis SA/New York NY                                                          | CUSIP: 63873JX70<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |    500000 | PA      | $490540.75    | 0.12%             | 2025-10-07      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Avangrid Inc                                                                                        | Avangrid Inc                                                                    | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |    585000 | PA      | $566353.07    | 0.14%             | 2029-06-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                                                                                | Royal Bank of Canada                                                            | CUSIP: 78017DAG3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    835000 | PA      | $832345.09    | 0.20%             | 2028-03-27      | Floating      | 5.20%                 | No            | 2                  | On Loan: No      |
| EXXON MOBIL CORPORATION                                                                             | Exxon Mobil Corp                                                                | CUSIP: 30231GAT9<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1782270.02   | 0.43%             | 2026-03-01      | Fixed         | 3.04%                 | No            | 2                  | On Loan: No      |
| ELM Trust 2024                                                                                      | ELM Trust 2024-ELM                                                              | CUSIP: 26860XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $453113.09    | 0.11%             | 2039-06-10      | Variable      | 5.99%                 | Yes           | 2                  | On Loan: No      |
| HCA INC                                                                                             | HCA Inc                                                                         | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    585000 | PA      | $594310.66    | 0.14%             | 2028-06-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Avery Dennison Corp                                                                                 | Avery Dennison Corp                                                             | CUSIP: 053611AJ8<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |    590000 | PA      | $594820.51    | 0.14%             | 2028-12-06      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Navient Student Loan Trust                                                                          | Navient Private Education Refi Loan Trust 2020-F                                | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39156 | PA      | $36524.60     | 0.01%             | 2069-07-15      | Fixed         | 1.22%                 | Yes           | 2                  | On Loan: No      |
| Chase Issuance Trust                                                                                | Chase Issuance Trust                                                            | CUSIP: 161571HV9<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |    960000 | PA      | $966700.29    | 0.23%             | 2029-01-16      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| GECU Auto Receivables Trust                                                                         | GECU Auto Receivables Trust 2023-1                                              | CUSIP: 36169EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $271686.95    | 0.06%             | 2028-08-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                                 | JP Morgan Mortgage Acquisition Trust 2007-CH2                                   | CUSIP: 46630MAY8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    217363 | PA      | $211471.02    | 0.05%             | 2037-01-25      | Floating      | 4.89%                 | No            | 2                  | On Loan: No      |
| COLT Funding LLC                                                                                    | COLT 2024-INV3 Mortgage Loan Trust                                              | CUSIP: 196919AA2<br>LEI: 2138006GN5HS2TH8G784 | Long             | ABS-MBS          | CORP              | US        |    641721 | PA      | $642056.10    | 0.15%             | 2069-09-25      | Variable      | 5.44%                 | Yes           | 2                  | On Loan: No      |
| Ashtead Capital Inc                                                                                 | Ashtead Capital Inc                                                             | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    565000 | PA      | $560550.33    | 0.13%             | 2027-08-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| M&T Equipment Notes                                                                                 | M&T Equipment 2023-LEAF1 Notes                                                  | CUSIP: 551925AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $284182.95    | 0.07%             | 2030-07-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Chase Issuance Trust                                                                                | Chase Issuance Trust                                                            | CUSIP: 161571HT4<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   1085000 | PA      | $1098512.70   | 0.26%             | 2028-09-15      | Fixed         | 5.16%                 | No            | 2                  | On Loan: No      |
| SYNOVUS BANK GA                                                                                     | Synovus Bank/Columbus GA                                                        | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |    455000 | PA      | $456524.74    | 0.11%             | 2028-02-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                                                                              | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBG1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238601.93    | 0.06%             | 2028-06-13      | Fixed         | 3.99%                 | No            | 2                  | On Loan: No      |
| BAT Capital Corp                                                                                    | BAT Capital Corp                                                                | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    650000 | PA      | $637997.59    | 0.15%             | 2027-08-15      | Fixed         | 3.56%                 | No            | 2                  | On Loan: No      |
| Comerica Inc                                                                                        | Comerica Inc                                                                    | CUSIP: 200340AT4<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    603000 | PA      | $577659.05    | 0.14%             | 2029-02-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| ENEL FINANCE INTL NV                                                                                | Enel Finance International NV                                                   | CUSIP: 29278GAF5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    584000 | PA      | $567610.68    | 0.14%             | 2028-04-06      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| ENBRIDGE INC                                                                                        | Enbridge Inc                                                                    | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    618000 | PA      | $621229.67    | 0.15%             | 2083-01-15      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| HERCULES CAPITAL INC                                                                                | Hercules Capital Inc                                                            | CUSIP: 427096AJ1<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |    706000 | PA      | $677961.72    | 0.16%             | 2027-01-20      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                                                                            | JP Morgan Mortgage Trust Series 2025-3                                          | CUSIP: 46593RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155000 | PA      | $1161542.84   | 0.28%             | 2055-09-25      | Variable      | 5.60%                 | Yes           | 2                  | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                                            | Vistra Operations Co LLC                                                        | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    365000 | PA      | $366959.09    | 0.09%             | 2026-12-30      | Fixed         | 5.05%                 | Yes           | 2                  | On Loan: No      |
| LEHMAN BROS CAP TR VII                                                                              | Lehman Brothers Holdings Capital Trust VII                                      | CUSIP: 524908XA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $27.00        | 0.00%             | 2025-05-31      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| TRANSPRTDRA DE GAS INTL                                                                             | Transportadora de Gas Internacional SA ESP                                      | CUSIP: 89387YAC5<br>LEI: 529900780HCVLCEM2440 | Long             | DBT              | CORP              | CO        |    484000 | PA      | $486734.34    | 0.12%             | 2028-11-01      | Fixed         | 5.55%                 | Yes           | 2                  | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                                            | Western Midstream Operating LP                                                  | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    720000 | PA      | $717305.64    | 0.17%             | 2026-07-01      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Card issuance Trust                                                                     | WF Card Issuance Trust                                                          | CUSIP: 92970QAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $938405.67    | 0.22%             | 2029-10-15      | Fixed         | 4.29%                 | No            | 2                  | On Loan: No      |
| Onslow Bay Financial LLC                                                                            | OBX 2025-NQM7 Trust                                                             | CUSIP: 67121DAA2<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |   1655000 | PA      | $1663338.59   | 0.40%             | 2055-05-25      | Variable      | 5.56%                 | Yes           | 2                  | On Loan: No      |
| Suncor Energy Inc                                                                                   | Suncor Energy Inc                                                               | CUSIP: 71644EAE2<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |    489000 | PA      | $506472.65    | 0.12%             | 2026-06-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| CDW LLC/CDW FINANCE                                                                                 | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    609000 | PA      | $597013.49    | 0.14%             | 2028-04-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED SEK / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | SE        |         1 | NC      | $-187.33      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CNO Financial Group Inc                                                                             | CNO Financial Group Inc                                                         | CUSIP: 12621EAL7<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |    665000 | PA      | $665581.54    | 0.16%             | 2029-05-30      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                                                      | Morgan Stanley                                                                  | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2349495.52   | 0.56%             | 2028-04-13      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                                            | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MCH1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    340000 | PA      | $326805.73    | 0.08%             | 2026-09-17      | Fixed         | 1.40%                 | No            | 2                  | On Loan: No      |
| Battery Park CLO Ltd.                                                                               | Battery Park Clo Ltd                                                            | CUSIP: 07133YAL4<br>LEI: 549300HAR0K520KW1A03 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99866.20     | 0.02%             | 2036-07-15      | Floating      | 5.66%                 | Yes           | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED GBP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $-2466.24     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| WASTE MANAGEMENT INC                                                                                | Waste Management Inc                                                            | CUSIP: 94106LCB3<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    965000 | PA      | $977059.21    | 0.23%             | 2028-03-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Invitation Homes Trust                                                                              | Invitation Homes 2024-SFR1 Trust                                                | CUSIP: 46188DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    189675 | PA      | $183297.09    | 0.04%             | 2041-09-17      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| AIRCASTLE LTD                                                                                       | Aircastle Ltd                                                                   | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    507000 | PA      | $502179.08    | 0.12%             | 2026-06-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                                            | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    790000 | PA      | $762644.24    | 0.18%             | 2027-01-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                                                             | MPLX LP                                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1126000 | PA      | $1117664.54   | 0.27%             | 2027-03-01      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Navient Student Loan Trust                                                                          | Navient Private Education Refi Loan Trust 2022-B                                | CUSIP: 63942PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160261 | PA      | $155823.32    | 0.04%             | 2070-10-15      | Fixed         | 4.16%                 | Yes           | 2                  | On Loan: No      |
| FACTSET RESEARCH SYSTEMS                                                                            | FactSet Research Systems Inc                                                    | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |    619000 | PA      | $597351.90    | 0.14%             | 2027-03-01      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                                                                            | JP Morgan Mortgage Trust 2024-CCM1                                              | CUSIP: 46658NAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2947536 | PA      | $2960795.55   | 0.71%             | 2055-04-25      | Variable      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Prudential Financial Inc                                                                            | Prudential Financial Inc                                                        | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    612000 | PA      | $609572.16    | 0.15%             | 2048-09-15      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| MCDONALD'S CORP                                                                                     | McDonald's Corp                                                                 | CUSIP: 58013MFP4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    710000 | PA      | $700456.90    | 0.17%             | 2027-07-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust                                                                      | FirstKey Homes 2020-SFR1 Trust                                                  | CUSIP: 33767MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    444364 | PA      | $438372.89    | 0.10%             | 2037-08-17      | Fixed         | 1.34%                 | Yes           | 2                  | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                                                          | JPMDB Commercial Mortgage Securities Trust 2019-COR6                            | CUSIP: 48129RAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68423 | PA      | $66562.03     | 0.02%             | 2052-11-13      | Fixed         | 2.98%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $758789.06    | 0.18%             | 2026-09-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                                                                                 | American Express Co                                                             | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    600000 | PA      | $607476.96    | 0.15%             | 2028-02-16      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                                            | Enterprise Products Operating LLC                                               | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    711000 | PA      | $686654.23    | 0.16%             | 2078-02-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| HALEON US CAPITAL LLC                                                                               | Haleon US Capital LLC                                                           | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    550000 | PA      | $541393.68    | 0.13%             | 2027-03-24      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| SIXTH STREET SPECIALTY                                                                              | Sixth Street Specialty Lending Inc                                              | CUSIP: 83012AAB5<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |    452000 | PA      | $470026.00    | 0.11%             | 2028-08-14      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                                              | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    560000 | PA      | $559619.54    | 0.13%             | 2028-02-04      | Floating      | 5.16%                 | No            | 2                  | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                                             | GA Global Funding Trust                                                         | CUSIP: 36143L2A2<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    285000 | PA      | $278874.68    | 0.07%             | 2026-01-15      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| PRP Advisors, LLC                                                                                   | PRPM 2025-RCF1 LLC                                                              | CUSIP: 74390RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    581360 | PA      | $570501.58    | 0.14%             | 2055-02-25      | Variable      | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                                                 | Nissan Auto Receivables 2023-B Owner Trust                                      | CUSIP: 65480MAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181988 | PA      | $182160.75    | 0.04%             | 2026-05-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                                             | Honeywell International Inc                                                     | CUSIP: 438516BL9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1365115.30   | 0.33%             | 2026-11-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| DLLAA LLC                                                                                           | DLLAA 2025-1 LLC                                                                | CUSIP: 233249AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $324642.68    | 0.08%             | 2029-09-20      | Fixed         | 4.95%                 | Yes           | 2                  | On Loan: No      |
| BROADRIDGE FINANCIAL SOL                                                                            | Broadridge Financial Solutions Inc                                              | CUSIP: 11133TAC7<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |    680000 | PA      | $670646.17    | 0.16%             | 2026-06-27      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| CarMax Auto Owner Trust                                                                             | CarMax Auto Owner Trust 2024-2                                                  | CUSIP: 14319EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $238811.63    | 0.06%             | 2029-01-16      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FORTIS INC                                                                                          | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    604000 | PA      | $590958.79    | 0.14%             | 2026-10-04      | Fixed         | 3.06%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                                               | Wells Fargo Commercial Mortgage Trust 2016-C35                                  | CUSIP: 95000FAS5<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-MBS          | CORP              | US        |    731534 | PA      | $716642.63    | 0.17%             | 2048-07-15      | Fixed         | 2.67%                 | No            | 2                  | On Loan: No      |
| RTX CORP                                                                                            | RTX Corp                                                                        | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    540000 | PA      | $550426.92    | 0.13%             | 2026-11-08      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| LMA-Americas LLC                                                                                    | LMA-Americas LLC                                                                | CUSIP: 53944QUJ7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    300000 | PA      | $297099.18    | 0.07%             | 2025-07-18      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                                       | JPMCC Commercial Mortgage Securities Trust 2017-JP5                             | CUSIP: 46647TAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149242 | PA      | $147611.26    | 0.04%             | 2050-03-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED USD / SOLD NOK                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $34.49        | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                                               | Wells Fargo Commercial Mortgage Trust 2020-C55                                  | CUSIP: 95002EAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57087 | PA      | $54906.86     | 0.01%             | 2053-02-15      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                                  | Honda Auto Receivables 2024-2 Owner Trust                                       | CUSIP: 437930AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121421 | PA      | $121693.13    | 0.03%             | 2026-11-18      | Fixed         | 5.48%                 | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                                                                              | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    465000 | PA      | $478872.85    | 0.11%             | 2027-10-20      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| ORLANDO HEALTH OBL GRP                                                                              | Orlando Health Obligated Group                                                  | CUSIP: 686514AE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    865000 | PA      | $845642.87    | 0.20%             | 2028-10-01      | Fixed         | 3.78%                 | No            | 2                  | On Loan: No      |
| BROADCOM INC                                                                                        | Broadcom Inc                                                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    635000 | PA      | $632740.64    | 0.15%             | 2028-02-15      | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| Cross Mortgage Trust                                                                                | Cross 2023-H2 Mortgage Trust                                                    | CUSIP: 22757NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229569 | PA      | $232767.56    | 0.06%             | 2068-11-25      | Variable      | 7.14%                 | Yes           | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                                                                                | Royal Bank of Canada                                                            | CUSIP: 78016EZQ3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1800000 | PA      | $1746016.51   | 0.42%             | 2026-04-27      | Fixed         | 1.20%                 | No            | 2                  | On Loan: No      |
| Hertz Vehicle Financing LLC                                                                         | Hertz Vehicle Financing LLC                                                     | CUSIP: 42806MAN9<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    890000 | PA      | $848301.64    | 0.20%             | 2028-06-26      | Fixed         | 2.33%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BTYR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    856136 | PA      | $854131.83    | 0.20%             | 2051-07-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| DISH DBS CORP                                                                                       | DISH DBS Corp                                                                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $18204.84     | 0.00%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                                           | SFS Auto Receivables Securitization Trust 2024-1                                | CUSIP: 78435VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170838.93    | 0.04%             | 2029-05-21      | Fixed         | 4.95%                 | Yes           | 2                  | On Loan: No      |
| SMB Private Education Loan Trust                                                                    | SMB Private Education Loan Trust 2024-A                                         | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200548 | PA      | $203166.43    | 0.05%             | 2056-03-15      | Fixed         | 5.24%                 | Yes           | 2                  | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                                            | Met Tower Global Funding                                                        | CUSIP: 58989V2D5<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    985000 | PA      | $946064.05    | 0.23%             | 2026-09-14      | Fixed         | 1.25%                 | Yes           | 2                  | On Loan: No      |
| NGPL PipeCo LLC                                                                                     | NGPL PipeCo LLC                                                                 | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    536000 | PA      | $535324.80    | 0.13%             | 2027-08-15      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Apple Inc                                                                                           | Apple Inc                                                                       | CUSIP: 03785DST4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | STIV             | CORP              | US        |    325000 | PA      | $323978.96    | 0.08%             | 2025-05-27      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                                             | Procter & Gamble Co/The                                                         | CUSIP: 742718FG9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1764737.41   | 0.42%             | 2027-03-25      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| BAT Capital Corp                                                                                    | BAT Capital Corp                                                                | CUSIP: 05526DBP9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    526000 | PA      | $528211.52    | 0.13%             | 2027-04-02      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| HIGHMARK INC                                                                                        | Highmark Inc                                                                    | CUSIP: 431116AD4<br>LEI: 549300B6868ZXXEB2Y57 | Long             | DBT              | CORP              | US        |    520000 | PA      | $498477.44    | 0.12%             | 2026-05-10      | Fixed         | 1.45%                 | Yes           | 2                  | On Loan: No      |
| SONOCO PRODUCTS CO                                                                                  | Sonoco Products Co                                                              | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    775000 | PA      | $773716.76    | 0.18%             | 2026-09-01      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| UBS AG STAMFORD CT                                                                                  | UBS AG/Stamford CT                                                              | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    815000 | PA      | $820005.35    | 0.20%             | 2028-01-10      | Fixed         | 4.86%                 | No            | 2                  | On Loan: No      |
| YMCA OF GREATER NY                                                                                  | YMCA of Greater New York                                                        | CUSIP: 98425BAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $450406.61    | 0.11%             | 2026-08-01      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| A&D Mortgage Trust                                                                                  | A&D Mortgage Trust 2023-NQM2                                                    | CUSIP: 00002DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1383729 | PA      | $1388303.18   | 0.33%             | 2068-05-25      | Variable      | 6.13%                 | Yes           | 2                  | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                                         | MF1 2021-FL7 Ltd                                                                | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    153012 | PA      | $152326.04    | 0.04%             | 2036-10-16      | Floating      | 5.51%                 | Yes           | 2                  | On Loan: No      |
| ARES CAPITAL CORP                                                                                   | Ares Capital Corp                                                               | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    181000 | PA      | $167939.25    | 0.04%             | 2028-06-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                                 | GS Mortgage-Backed Securities Trust 2025-PJ4                                    | CUSIP: 36271WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    935000 | PA      | $939407.85    | 0.22%             | 2055-09-25      | Variable      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| ONEOK INC                                                                                           | ONEOK Inc                                                                       | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141732.12    | 0.03%             | 2026-11-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| BX Trust                                                                                            | BX Trust 2021-ARIA                                                              | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    310000 | PA      | $307689.29    | 0.07%             | 2036-10-15      | Floating      | 5.34%                 | Yes           | 2                  | On Loan: No      |
| Rate Mortgage Trust                                                                                 | Rate Mortgage Trust 2024-J1                                                     | CUSIP: 75410PAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14000 | PA      | $14029.22     | 0.00%             | 2054-07-25      | Variable      | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Woodward Capital Management                                                                         | RCKT Mortgage Trust 2023-CES1                                                   | CUSIP: 74935WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    253791 | PA      | $255179.78    | 0.06%             | 2043-06-25      | Variable      | 6.52%                 | Yes           | 2                  | On Loan: No      |
| PulteGroup Inc                                                                                      | PulteGroup Inc                                                                  | CUSIP: 745867AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $664736.78    | 0.16%             | 2027-01-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Octagon Investment Partners 47, LLC                                                                 | Octagon Investment Partners 47 Ltd                                              | CUSIP: 67576XAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    495000 | PA      | $494338.19    | 0.12%             | 2038-01-22      | Floating      | 5.32%                 | Yes           | 2                  | On Loan: No      |
| Voya CLO Ltd                                                                                        | Voya CLO 2018-3 Ltd                                                             | CUSIP: 92917KAQ7<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |    141765 | PA      | $141667.31    | 0.03%             | 2031-10-15      | Floating      | 5.46%                 | Yes           | 2                  | On Loan: No      |
| LENNOX INTERNATIONAL INC                                                                            | Lennox International Inc                                                        | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    541000 | PA      | $555438.14    | 0.13%             | 2028-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| SMB Private Education Loan Trust                                                                    | SMB Private Education Loan Trust 2023-B                                         | CUSIP: 78449HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211459 | PA      | $214846.65    | 0.05%             | 2056-10-16      | Floating      | 6.14%                 | Yes           | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBN4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    620000 | PA      | $622928.52    | 0.15%             | 2028-04-01      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| HCA INC                                                                                             | HCA Inc                                                                         | CUSIP: 404119CX5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1112136.30   | 0.27%             | 2028-03-01      | Floating      | 5.24%                 | No            | 2                  | On Loan: No      |
| NESTLE HOLDINGS INC                                                                                 | Nestle Holdings Inc                                                             | CUSIP: 641062BK9<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1510859.67   | 0.36%             | 2026-03-13      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| UNIVERSAL HEALTH SVCS                                                                               | Universal Health Services Inc                                                   | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    638000 | PA      | $611635.06    | 0.15%             | 2026-09-01      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Merchants Fleet Funding LLC                                                                         | Merchants Fleet Funding LLC                                                     | CUSIP: 588926AF2<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |    290824 | PA      | $292874.55    | 0.07%             | 2037-04-20      | Fixed         | 5.82%                 | Yes           | 2                  | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                                              | Venture Global LNG Inc                                                          | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82893.45     | 0.02%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Boca Commercial Mortgage Trust                                                                      | BOCA Commercial Mortgage Trust 2024-BOCA                                        | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $369235.48    | 0.09%             | 2041-08-15      | Floating      | 6.24%                 | Yes           | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13235000 | PA      | $13561739.06  | 3.24%             | 2028-11-30      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Chevron Corp                                                                                        | Chevron Corp                                                                    | CUSIP: 166764BL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1777404.56   | 0.42%             | 2026-05-16      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| BANK OF NOVA SCOTIA                                                                                 | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAL1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1270000 | PA      | $1268415.18   | 0.30%             | 2028-09-08      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| AT&T INC                                                                                            | AT&T Inc                                                                        | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    735000 | PA      | $706545.42    | 0.17%             | 2027-06-01      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                                              | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    765000 | PA      | $735919.95    | 0.18%             | 2026-07-15      | Fixed         | 1.45%                 | No            | 2                  | On Loan: No      |
| AT&T Inc                                                                                            | AT&T Inc                                                                        | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1489002.40   | 0.36%             | 2029-03-01      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                                                                | Bank of America Corp                                                            | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1573245.99   | 0.38%             | 2029-01-24      | Floating      | 5.21%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                                               | Wells Fargo Commercial Mortgage Trust 2019-C52                                  | CUSIP: 95002MAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76950 | PA      | $74650.69     | 0.02%             | 2052-08-15      | Fixed         | 2.83%                 | No            | 2                  | On Loan: No      |
| Northwest Pipeline LLC                                                                              | Northwest Pipeline LLC                                                          | CUSIP: 66775VAB1<br>LEI: 549300FFKMN9OW536A14 | Long             | DBT              | CORP              | US        |    391000 | PA      | $387846.81    | 0.09%             | 2027-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Navient Student Loan Trust                                                                          | Navient Private Education Refi Loan Trust 2021-B                                | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380229 | PA      | $343204.27    | 0.08%             | 2069-07-15      | Fixed         | 0.94%                 | Yes           | 2                  | On Loan: No      |
| BOEING CO                                                                                           | Boeing Co/The                                                                   | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    415000 | PA      | $406584.31    | 0.10%             | 2026-02-04      | Fixed         | 2.20%                 | No            | 2                  | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                                            | Florida Power & Light Co                                                        | CUSIP: 341081GK7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    560000 | PA      | $574743.56    | 0.14%             | 2028-04-01      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                                             | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $338194.31    | 0.08%             | 2026-10-01      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| Toyota Auto Loan Extended Note Trust                                                                | Toyota Auto Loan Extended Note Trust 2022-1                                     | CUSIP: 89231EAA1<br>LEI: 549300VJ12IVOF78MZ11 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $396355.49    | 0.09%             | 2035-04-25      | Fixed         | 3.82%                 | Yes           | 2                  | On Loan: No      |
| OPEN TEXT CORP                                                                                      | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $647314.08    | 0.15%             | 2027-12-01      | Fixed         | 6.90%                 | Yes           | 2                  | On Loan: No      |
| LGENERGYSOLUTION                                                                                    | LG Energy Solution Ltd                                                          | CUSIP: 50205MAA7<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    542000 | PA      | $547725.53    | 0.13%             | 2026-09-25      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| American Express Credit Account Master Trust                                                        | American Express Credit Account Master Trust                                    | CUSIP: 02582JJV3<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $498667.72    | 0.12%             | 2027-08-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| SBNA Auto Lease Trust                                                                               | SBNA Auto Lease Trust 2023-A                                                    | CUSIP: 78436TAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $967310.90    | 0.23%             | 2028-04-20      | Fixed         | 6.52%                 | Yes           | 2                  | On Loan: No      |
| Bank of America Credit Card Trust                                                                   | BA Credit Card Trust                                                            | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200528.63    | 0.05%             | 2028-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| STAR 2024-SFR4 Trust                                                                                | STAR 2024-SFR4 Trust                                                            | CUSIP: 85520AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2208275 | PA      | $2212906.31   | 0.53%             | 2041-10-17      | Floating      | 6.07%                 | Yes           | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                                                                | Bank of America Corp                                                            | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967565.89    | 0.23%             | 2028-02-04      | Fixed         | 2.55%                 | No            | 2                  | On Loan: No      |
| SYSTEM ENERGY RESOURCES                                                                             | System Energy Resources Inc                                                     | CUSIP: 871911AU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    581000 | PA      | $603228.22    | 0.14%             | 2028-04-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| America Movil SAB de CV                                                                             | America Movil SAB de CV                                                         | CUSIP: 02364WBH7<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    270000 | PA      | $260822.50    | 0.06%             | 2029-04-22      | Fixed         | 3.63%                 | No            | 2                  | On Loan: No      |
| NRG Energy Inc                                                                                      | NRG Energy Inc                                                                  | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    576000 | PA      | $561408.36    | 0.13%             | 2029-06-15      | Fixed         | 4.45%                 | Yes           | 2                  | On Loan: No      |
| TORONTO DOMINION BK                                                                                 | TORONTO DOMINION BK                                                             | CUSIP: 89115DAT3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    105000 | PA      | $105011.88    | 0.03%             | 2025-10-07      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                                             | Hyundai Capital America                                                         | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201746.84    | 0.05%             | 2027-06-24      | Fixed         | 5.28%                 | Yes           | 2                  | On Loan: No      |
| SPECTRA ENERGY PARTNERS                                                                             | Spectra Energy Partners LP                                                      | CUSIP: 84756NAH2<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |    677000 | PA      | $665328.21    | 0.16%             | 2026-10-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                                                               | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1262553.57   | 0.30%             | 2028-04-22      | Fixed         | 5.71%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2020-SFR4 Trust                                                            | CUSIP: 66981FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    821136 | PA      | $806204.79    | 0.19%             | 2037-11-17      | Fixed         | 1.36%                 | Yes           | 2                  | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                                            | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    180000 | PA      | $175175.76    | 0.04%             | 2027-03-15      | Fixed         | 3.76%                 | No            | 2                  | On Loan: No      |
| PACCAR FINANCIAL CORP                                                                               | PACCAR Financial Corp                                                           | CUSIP: 69371RT55<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    590000 | PA      | $594632.46    | 0.14%             | 2026-11-25      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| RADIAN GROUP INC                                                                                    | Radian Group Inc                                                                | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    609000 | PA      | $606458.70    | 0.14%             | 2027-03-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| UNITED AIR 2013-1 A PTT                                                                             | United Airlines 2013-1 Class A Pass Through Trust                               | CUSIP: 909319AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107653 | PA      | $107263.23    | 0.03%             | 2025-08-15      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| RPM International Inc                                                                               | RPM International Inc                                                           | CUSIP: 749685AV5<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    672000 | PA      | $662281.44    | 0.16%             | 2027-03-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| Verus Securitization Trust                                                                          | Verus Securitization Trust 2025-3                                               | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $779244.15    | 0.19%             | 2070-05-25      | Variable      | 5.62%                 | Yes           | 2                  | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                                     | CSAIL 2016-C7 Commercial Mortgage Trust                                         | CUSIP: 12637UAX7<br>LEI: 5493006MX7HG5PC85C29 | Long             | ABS-MBS          | CORP              | US        |     10190 | PA      | $10155.92     | 0.00%             | 2049-11-15      | Fixed         | 3.31%                 | No            | 2                  | On Loan: No      |
| GEORGIA-PACIFIC LLC                                                                                 | Georgia-Pacific LLC                                                             | CUSIP: 37331NAN1<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164124.20    | 0.04%             | 2026-05-15      | Fixed         | 0.95%                 | Yes           | 2                  | On Loan: No      |
| BERRY GLOBAL INC                                                                                    | Berry Global Inc                                                                | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    709000 | PA      | $672707.12    | 0.16%             | 2027-01-15      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| Hertz Vehicle Financing LLC                                                                         | Hertz Vehicle Financing III LLC                                                 | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    845000 | PA      | $845717.62    | 0.20%             | 2029-09-25      | Fixed         | 4.91%                 | Yes           | 2                  | On Loan: No      |
| RWE AG                                                                                              | RWE AG                                                                          | CUSIP: 7497MAS13<br>LEI: 529900GB7KCA94ACC940 | Long             | STIV             | CORP              | DE        |   1200000 | PA      | $1200000.00   | 0.29%             | 2025-05-01      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Alinea CLO LTD                                                                                      | Alinea CLO 2018-1 Ltd                                                           | CUSIP: 016269AE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    559852 | PA      | $559219.01    | 0.13%             | 2031-07-20      | Floating      | 5.17%                 | Yes           | 2                  | On Loan: No      |
| AIRCASTLE LTD                                                                                       | Aircastle Ltd                                                                   | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    231000 | PA      | $218004.59    | 0.05%             | 2028-01-26      | Fixed         | 2.85%                 | Yes           | 2                  | On Loan: No      |
| Transcanada Trust                                                                                   | Transcanada Trust                                                               | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    627000 | PA      | $619079.33    | 0.15%             | 2076-08-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Thunder Bay Funding LLC                                                                             | Thunder Bay Funding LLC                                                         | CUSIP: 88602TS87<br>LEI: 549300D7DHGDB5EMW139 | Long             | STIV             | CORP              | US        |    850000 | PA      | $849284.35    | 0.20%             | 2025-05-08      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| MUFG Bank Ltd/New York NY                                                                           | MUFG Bank Ltd/New York NY                                                       | CUSIP: 62479LU78<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $991725.80    | 0.24%             | 2025-07-07      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Nelnet Student Loan Trust                                                                           | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385000 | PA      | $377707.15    | 0.09%             | 2062-04-20      | Floating      | 5.46%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae - CAS                                                                                    | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    450000 | PA      | $460813.84    | 0.11%             | 2043-10-25      | Floating      | 6.85%                 | Yes           | 2                  | On Loan: No      |
| SOUTHERN CALIF GAS CO                                                                               | Southern California Gas Co                                                      | CUSIP: 842434CW0<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    227000 | PA      | $221196.71    | 0.05%             | 2027-04-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| EQUINOR ASA                                                                                         | Equinor ASA                                                                     | CUSIP: 29446MAE2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    475000 | PA      | $467055.14    | 0.11%             | 2027-04-06      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| MVW Owner Trust                                                                                     | MVW 2021-1W LLC                                                                 | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75605 | PA      | $71954.55     | 0.02%             | 2041-01-22      | Fixed         | 1.14%                 | Yes           | 2                  | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                                            | Occidental Petroleum Corp                                                       | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1865324.51   | 0.45%             | 2027-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US ULTRA BOND CBT JUN25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         3 | NC      | $769.45       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                                                            | Saudi Government International Bond                                             | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    610000 | PA      | $619893.87    | 0.15%             | 2028-01-13      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Boardwalk Pipelines LP                                                                              | Boardwalk Pipelines LP                                                          | CUSIP: 096630AF5<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    276000 | PA      | $275891.28    | 0.07%             | 2027-07-15      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                                            | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $582789.76    | 0.14%             | 2028-08-15      | Fixed         | 6.04%                 | Yes           | 2                  | On Loan: No      |
| SOCIETE GENERALE                                                                                    | Societe Generale SA                                                             | CUSIP: 83368JKF6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    430000 | PA      | $426089.83    | 0.10%             | 2026-08-19      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| CONTINENTAL RESOURCES                                                                               | Continental Resources Inc/OK                                                    | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    190000 | PA      | $181682.00    | 0.04%             | 2026-11-15      | Fixed         | 2.27%                 | Yes           | 2                  | On Loan: No      |
| INRETAIL CONSUMER                                                                                   | InRetail Consumer                                                               | CUSIP: 45790TAB1<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |    513000 | PA      | $479617.33    | 0.11%             | 2028-03-22      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| MASTEC INC                                                                                          | MasTec Inc                                                                      | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    550000 | PA      | $535522.80    | 0.13%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| HARBOUR ENERGY PLC                                                                                  | Harbour Energy PLC                                                              | CUSIP: 411618AB7<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |    673000 | PA      | $667965.98    | 0.16%             | 2026-10-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| World Omni Auto Receivables Trust                                                                   | World Omni Auto Receivables Trust 2024-B                                        | CUSIP: 98164HAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $961173.09    | 0.23%             | 2029-09-17      | Fixed         | 5.27%                 | No            | 2                  | On Loan: No      |
| DEUTSCHE BANK NY                                                                                    | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    777000 | PA      | $748769.81    | 0.18%             | 2028-01-07      | Fixed         | 2.55%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED USD / SOLD JPY                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1620.84      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Emera US Finance LP                                                                                 | Emera US Finance LP                                                             | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $629877.89    | 0.15%             | 2026-06-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| Verizon Master Trust                                                                                | Verizon Master Trust                                                            | CUSIP: 92348KDT7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    315000 | PA      | $319780.83    | 0.08%             | 2031-01-21      | Fixed         | 4.94%                 | No            | 2                  | On Loan: No      |
| Towd Point Mortgage Trust                                                                           | Towd Point Mortgage Trust 2021-SJ1                                              | CUSIP: 89180FCD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    279674 | PA      | $268179.58    | 0.06%             | 2068-07-25      | Variable      | 2.25%                 | Yes           | 2                  | On Loan: No      |
| ZIONS BANCORP NA                                                                                    | Zions Bancorp NA                                                                | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    725000 | PA      | $648029.55    | 0.15%             | 2029-10-29      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| STATE OF ISRAEL                                                                                     | Israel Government International Bond                                            | CUSIP: 46514BRN9<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | PA      | $203214.14    | 0.05%             | 2029-03-12      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                                                                            | Huntsman International LLC                                                      | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    746000 | PA      | $703146.08    | 0.17%             | 2029-05-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| DEVON ENERGY CORPORATION                                                                            | Devon Energy Corp                                                               | CUSIP: 25179MBD4<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250437.22    | 0.06%             | 2027-10-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                                                                            | ONEOK Inc                                                                       | CUSIP: 29336UAF4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    256000 | PA      | $255981.73    | 0.06%             | 2026-07-15      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| QAZAQGAZ NC JSC                                                                                     | QazaqGaz NC JSC                                                                 | CUSIP: 48668NAA9<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |    440000 | PA      | $424297.55    | 0.10%             | 2027-09-26      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST                                                                | Mercedes-Benz Auto Receivables Trust 2025-1                                     | CUSIP: 58773DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1250177.36   | 0.30%             | 2028-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Dryden Senior Loan Fund                                                                             | Dryden 80 CLO Ltd                                                               | CUSIP: 26245JAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    270000 | PA      | $270029.97    | 0.06%             | 2033-01-17      | Floating      | 6.03%                 | Yes           | 2                  | On Loan: No      |
| Sixth Street CLO LTD.                                                                               | Sixth Street CLO XIV Ltd                                                        | CUSIP: 83013NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    390000 | PA      | $388120.59    | 0.09%             | 2038-01-20      | Floating      | 5.27%                 | Yes           | 2                  | On Loan: No      |
| SOUTHERN CO                                                                                         | Southern Co/The                                                                 | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    656000 | PA      | $635313.40    | 0.15%             | 2051-09-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| ALPHABET INC                                                                                        | Alphabet Inc                                                                    | CUSIP: 02079KAJ6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1592637.08   | 0.38%             | 2027-08-15      | Fixed         | 0.80%                 | No            | 2                  | On Loan: No      |
| Rate Mortgage Trust                                                                                 | Rate Mortgage Trust 2024-J4                                                     | CUSIP: 75408TAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2986837 | PA      | $2988516.05   | 0.71%             | 2054-12-25      | Variable      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| JDE PEET'S NV                                                                                       | JDE Peet's NV                                                                   | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    722000 | PA      | $679226.55    | 0.16%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae - CAS                                                                                    | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    185000 | PA      | $185420.25    | 0.04%             | 2041-12-25      | Floating      | 6.00%                 | Yes           | 2                  | On Loan: No      |
| JPMorgan Chase Bank NA                                                                              | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |         1 | NC      | $139615.41    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| ALTRIA GROUP INC                                                                                    | Altria Group Inc                                                                | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    535000 | PA      | $541041.54    | 0.13%             | 2028-02-04      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Woodward Capital Management                                                                         | RCKT Mortgage Trust 2025-CES1                                                   | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    918245 | PA      | $923889.55    | 0.22%             | 2045-01-25      | Variable      | 5.65%                 | Yes           | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CEF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3250000 | PA      | $3183603.51   | 0.76%             | 2027-03-31      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                                              | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2A7<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    435000 | PA      | $441350.26    | 0.11%             | 2026-07-27      | Fixed         | 5.80%                 | Yes           | 2                  | On Loan: No      |
| HOME DEPOT INC                                                                                      | Home Depot Inc/The                                                              | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    745000 | PA      | $758365.96    | 0.18%             | 2027-06-25      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                                             | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $99864.59     | 0.02%             | 2027-07-15      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| GEORGIA POWER CO                                                                                    | Georgia Power Co                                                                | CUSIP: 373334KV2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213257.68    | 0.05%             | 2027-02-23      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| HSBC Bank USA NA                                                                                    | PURCHASED NOK / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | NO        |         1 | NC      | $7056.65      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                                            | Occidental Petroleum Corp                                                       | CUSIP: 674599CM5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57910.10     | 0.01%             | 2027-02-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                                 | Citigroup Commercial Mortgage Trust 2019-GC41                                   | CUSIP: 17328FAX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130808 | PA      | $126621.84    | 0.03%             | 2056-08-10      | Fixed         | 2.72%                 | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                                                         | Oracle Corp                                                                     | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165731.57    | 0.04%             | 2026-03-25      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| AMSR Trust                                                                                          | AMSR 2020-SFR5 Trust                                                            | CUSIP: 03217JAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $714068.20    | 0.17%             | 2037-11-17      | Fixed         | 1.88%                 | Yes           | 2                  | On Loan: No      |
| BANCO SANTANDER SA                                                                                  | Banco Santander SA                                                              | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $396501.94    | 0.09%             | 2028-03-24      | Fixed         | 4.18%                 | No            | 2                  | On Loan: No      |
| CARGILL INC                                                                                         | Cargill Inc                                                                     | CUSIP: 141781BY9<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1301546.71   | 0.31%             | 2025-10-10      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| LKQ CORP                                                                                            | LKQ Corp                                                                        | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    566000 | PA      | $578211.14    | 0.14%             | 2028-06-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| DANSKE BANK A/S                                                                                     | Danske Bank A/S                                                                 | CUSIP: 23636ABB6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    706000 | PA      | $678243.31    | 0.16%             | 2027-09-10      | Fixed         | 1.55%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BUB58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1839130 | PA      | $1848188.32   | 0.44%             | 2055-02-25      | Floating      | 5.85%                 | No            | 2                  | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                                               | NextGear Floorplan Master Owner Trust                                           | CUSIP: 65341KCC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    856000 | PA      | $857666.20    | 0.20%             | 2029-09-15      | Fixed         | 4.42%                 | Yes           | 2                  | On Loan: No      |
| Bank of New York Mellon                                                                             | PURCHASED CAD / SOLD USD                                                        | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | CA        |         1 | NC      | $144769.17    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                                     | CSAIL 2020-C19 Commercial Mortgage Trust                                        | CUSIP: 12597NAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17490 | PA      | $16960.11     | 0.00%             | 2053-03-15      | Fixed         | 1.30%                 | No            | 2                  | On Loan: No      |
| COTERRA ENERGY INC                                                                                  | Coterra Energy Inc                                                              | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    563000 | PA      | $554823.22    | 0.13%             | 2027-05-15      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                                                 | Sherwin-Williams Co/The                                                         | CUSIP: 824348BJ4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    644000 | PA      | $602852.64    | 0.14%             | 2029-08-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| HASBRO INC                                                                                          | Hasbro Inc                                                                      | CUSIP: 418056AZ0<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    236000 | PA      | $224470.02    | 0.05%             | 2029-11-19      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Towd Point Mortgage Trust                                                                           | Towd Point Mortgage Trust 2019-4                                                | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173064 | PA      | $165606.90    | 0.04%             | 2059-10-25      | Variable      | 2.90%                 | Yes           | 2                  | On Loan: No      |
| BAT CAPITAL CORP                                                                                    | BAT Capital Corp                                                                | CUSIP: 05526DBJ3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245868.74    | 0.06%             | 2026-09-06      | Fixed         | 3.22%                 | No            | 2                  | On Loan: No      |
| BANCO INBURSA                                                                                       | Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa         | CUSIP: 05969LAB7<br>LEI: 9598007PWYZP4GP23S45 | Long             | DBT              | CORP              | MX        |    634000 | PA      | $625072.67    | 0.15%             | 2027-04-11      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| BAT CAPITAL CORP                                                                                    | BAT Capital Corp                                                                | CUSIP: 05526DBH7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    670000 | PA      | $637640.41    | 0.15%             | 2029-09-06      | Fixed         | 3.46%                 | No            | 2                  | On Loan: No      |
| COLT Funding LLC                                                                                    | COLT 2025-INV2 Mortgage Loan Trust                                              | CUSIP: 12673UAA2<br>LEI: 213800M5KYYIOHI7KW93 | Long             | ABS-MBS          | CORP              | US        |   2109246 | PA      | $2122100.78   | 0.51%             | 2070-02-25      | Variable      | 5.60%                 | Yes           | 2                  | On Loan: No      |
| MORGAN STANLEY DIRECT                                                                               | Morgan Stanley Direct Lending Fund                                              | CUSIP: 61774AAD5<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |    608000 | PA      | $602772.40    | 0.14%             | 2027-02-11      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| BRAVO Residential Funding Trust                                                                     | BRAVO Residential Funding Trust 2025-NQM4                                       | CUSIP: 10570QAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1054021.77   | 0.25%             | 2065-05-25      | Variable      | 5.61%                 | Yes           | 2                  | On Loan: No      |
| Synchrony Financial                                                                                 | Synchrony Financial                                                             | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    576000 | PA      | $562925.53    | 0.13%             | 2026-08-04      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                                              | Pacific Gas and Electric Co                                                     | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    656000 | PA      | $621183.17    | 0.15%             | 2028-06-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| CHEVRON USA INC                                                                                     | Chevron USA Inc                                                                 | CUSIP: 166756BB1<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1285903.47   | 0.31%             | 2028-02-26      | Fixed         | 4.48%                 | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                                                                                | M&T Bank Corp                                                                   | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    820000 | PA      | $820918.76    | 0.20%             | 2029-01-16      | Fixed         | 4.83%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                                         | Freddie Mac REMICS                                                              | CUSIP: 3137HHJZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1004357 | PA      | $1002288.54   | 0.24%             | 2052-01-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                                                                 | JPMorgan Chase & Co                                                             | CUSIP: 46647PCW4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    745000 | PA      | $725858.92    | 0.17%             | 2028-02-24      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                                                                              | Sempra                                                                          | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    420000 | PA      | $408084.22    | 0.10%             | 2027-06-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                                                                                        | UBS Group AG                                                                    | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    712000 | PA      | $683662.96    | 0.16%             | 2027-08-10      | Fixed         | 1.49%                 | Yes           | 2                  | On Loan: No      |
| CCL INDUSTRIES INC                                                                                  | CCL Industries Inc                                                              | CUSIP: 124900AB7<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |    683000 | PA      | $670735.40    | 0.16%             | 2026-10-01      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| PROSUS NV                                                                                           | Prosus NV                                                                       | CUSIP: 74365PAG3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    647000 | PA      | $630563.91    | 0.15%             | 2027-01-19      | Fixed         | 3.26%                 | Yes           | 2                  | On Loan: No      |
| Alphabet Inc                                                                                        | Alphabet Inc                                                                    | CUSIP: 02079NTD3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | STIV             | CORP              | US        |    250000 | PA      | $248686.11    | 0.06%             | 2025-06-13      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                                            | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $212687.74    | 0.05%             | 2026-08-15      | Fixed         | 6.06%                 | Yes           | 2                  | On Loan: No      |
| Citigroup Inc                                                                                       | Citigroup Inc                                                                   | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    695000 | PA      | $676096.24    | 0.16%             | 2030-03-20      | Fixed         | 3.98%                 | No            | 2                  | On Loan: No      |
| VICI PROPERTIES / NOTE                                                                              | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              |  | US        |    584000 | PA      | $581045.48    | 0.14%             | 2026-09-01      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Bank                                                                                                | BANK 2019-BNK24                                                                 | CUSIP: 06540VBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134336 | PA      | $130645.33    | 0.03%             | 2062-11-15      | Fixed         | 2.93%                 | No            | 2                  | On Loan: No      |
| AEP Texas Inc                                                                                       | AEP Texas Inc                                                                   | CUSIP: 00108WAH3<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    603000 | PA      | $591698.79    | 0.14%             | 2028-06-01      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica                                                   | FRESB 2018-SB54 Mortgage Trust                                                  | CUSIP: 30297JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     18640 | PA      | $18406.34     | 0.00%             | 2028-05-25      | Variable      | 3.52%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley BAML Trust                                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32                     | CUSIP: 61691GAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    108739 | PA      | $107659.77    | 0.03%             | 2049-12-15      | Fixed         | 3.51%                 | No            | 2                  | On Loan: No      |
| Singapore Exchange Derivatives Clearing Ltd.                                                        | 10YR MINI JGB FUT JUN25                                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DIR              |  | SG        |         2 | NC      | $-1287.45     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| CVS HEALTH CORP                                                                                     | CVS Health Corp                                                                 | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    573000 | PA      | $540117.99    | 0.13%             | 2029-08-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                                | Las Vegas Sands Corp                                                            | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278247.28    | 0.07%             | 2027-06-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Nissan Master Owner Trust Receivables                                                               | Nissan Master Owner Trust Receivables                                           | CUSIP: 65479VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $237563.35    | 0.06%             | 2029-02-15      | Fixed         | 5.05%                 | Yes           | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    705000 | PA      | $700098.05    | 0.17%             | 2027-06-30      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Zais CLO 13, Limited                                                                                | Zais Clo 13 Ltd                                                                 | CUSIP: 98876NAW4<br>LEI: 549300GODB02F7ODZK39 | Long             | ABS-CBDO         | CORP              | KY        |    102296 | PA      | $102102.45    | 0.02%             | 2032-07-15      | Floating      | 5.56%                 | Yes           | 2                  | On Loan: No      |
| Progress Residential Trust                                                                          | Progress Residential 2022-SFR2 Trust                                            | CUSIP: 74332VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530769 | PA      | $514004.71    | 0.12%             | 2027-04-17      | Fixed         | 2.95%                 | Yes           | 2                  | On Loan: No      |
| Bank of New York Mellon                                                                             | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-56055.78    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Redevelopment Authority of the City of Philadelphia                                                 | PHILADELPHIA PA REDEV AUTH                                                      | CUSIP: 717868JU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $473566.45    | 0.11%             | 2027-09-01      | Fixed         | 4.52%                 | No            | 2                  | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                                  | Honda Auto Receivables 2024-1 Owner Trust                                       | CUSIP: 437918AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    209371 | PA      | $209584.10    | 0.05%             | 2026-09-15      | Fixed         | 5.36%                 | No            | 2                  | On Loan: No      |
| Progress Residential Trust                                                                          | Progress Residential 2021-SFR5 Trust                                            | CUSIP: 74333FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178732 | PA      | $173312.30    | 0.04%             | 2038-07-17      | Fixed         | 1.43%                 | Yes           | 2                  | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                                                                              | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BB7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    528000 | PA      | $532229.95    | 0.13%             | 2028-04-17      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Cedar Funding Ltd                                                                                   | Cedar Funding XII CLO Ltd                                                       | CUSIP: 15033TBA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $372340.13    | 0.09%             | 2038-01-25      | Floating      | 5.46%                 | Yes           | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                                                                  | Energy Transfer LP                                                              | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    676000 | PA      | $669480.05    | 0.16%             | 2026-07-15      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| TOLL BROS FINANCE CORP                                                                              | Toll Brothers Finance Corp                                                      | CUSIP: 88947EAS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    737000 | PA      | $737799.47    | 0.18%             | 2027-03-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Apidos CLO Ltd                                                                                      | Apidos CLO XII                                                                  | CUSIP: 03764DAM3<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |    100968 | PA      | $100865.38    | 0.02%             | 2031-04-15      | Floating      | 5.34%                 | Yes           | 2                  | On Loan: No      |
| AMERICAN AIRLINES INC                                                                               | American Airlines Inc                                                           | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91693.66     | 0.02%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                            | Lloyds Banking Group PLC                                                        | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $709643.59    | 0.17%             | 2028-01-05      | Fixed         | 5.46%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BRMG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1030793 | PA      | $1032471.00   | 0.25%             | 2054-04-25      | Floating      | 5.70%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bills                                                             | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2300000 | PA      | $2272425.30   | 0.54%             | 2025-08-12      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Verizon Master Trust                                                                                | Verizon Master Trust                                                            | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $699024.05    | 0.17%             | 2030-08-20      | Fixed         | 4.17%                 | No            | 2                  | On Loan: No      |
| BENCHMARK Mortgage Trust                                                                            | Benchmark 2019-B15 Mortgage Trust                                               | CUSIP: 08160KAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137062 | PA      | $132970.56    | 0.03%             | 2072-12-15      | Fixed         | 2.86%                 | No            | 2                  | On Loan: No      |
| UNICREDIT SPA                                                                                       | UniCredit SpA                                                                   | CUSIP: 904678AW9<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    635000 | PA      | $615056.27    | 0.15%             | 2027-06-03      | Fixed         | 1.98%                 | Yes           | 2                  | On Loan: No      |
| Goodgreen Trust                                                                                     | Goodgreen 2021-1 Trust                                                          | CUSIP: 38217UAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    141427 | PA      | $115360.07    | 0.03%             | 2056-10-15      | Fixed         | 2.66%                 | Yes           | 2                  | On Loan: No      |
| Angel Oak Mortgage Trust                                                                            | Angel Oak Mortgage Trust 2024-7                                                 | CUSIP: 03466CAA2<br>LEI: 254900Q2UY574S9NQF08 | Long             | ABS-MBS          | CORP              | US        |    456034 | PA      | $457213.74    | 0.11%             | 2069-05-25      | Variable      | 5.62%                 | Yes           | 2                  | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                                               | Blue Owl Capital Corp                                                           | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    593000 | PA      | $576379.92    | 0.14%             | 2026-07-15      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Battalion CLO LTD                                                                                   | Battalion Clo XV Ltd                                                            | CUSIP: 07131AAM6<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |   1382286 | PA      | $1377452.25   | 0.33%             | 2033-01-17      | Floating      | 5.26%                 | Yes           | 2                  | On Loan: No      |
| CHOICE HOTELS INTL INC                                                                              | Choice Hotels International Inc                                                 | CUSIP: 169905AF3<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    239000 | PA      | $224335.27    | 0.05%             | 2029-12-01      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                                            | Caterpillar Financial Services Corp                                             | CUSIP: 14913R3B1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1769172.69   | 0.42%             | 2026-01-06      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                                         | Freddie Mac REMICS                                                              | CUSIP: 3137HJ4X2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2775041 | PA      | $2776500.44   | 0.66%             | 2052-04-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac - STACR                                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA2                                         | CUSIP: 35564KRE1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |     23051 | PA      | $23028.31     | 0.01%             | 2042-02-25      | Floating      | 5.65%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 3136BSRA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    665363 | PA      | $665555.59    | 0.16%             | 2052-06-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Microsoft Corp                                                                                      | Microsoft Corp                                                                  | CUSIP: 594918BJ2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1824042.94   | 0.44%             | 2025-11-03      | Fixed         | 3.13%                 | No            | 2                  | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                                            | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    610000 | PA      | $616479.84    | 0.15%             | 2027-11-08      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| Woodward Capital Management                                                                         | RCKT Mortgage Trust 2024-CES8                                                   | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910390 | PA      | $912860.73    | 0.22%             | 2044-11-25      | Variable      | 5.49%                 | Yes           | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                                                                              | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBJ5<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998452.32   | 0.48%             | 2026-07-24      | Fixed         | 4.41%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                                                      | Morgan Stanley                                                                  | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1173089.63   | 0.28%             | 2027-07-20      | Fixed         | 1.51%                 | No            | 2                  | On Loan: No      |
| Nissan Auto Lease Trust                                                                             | Nissan Auto Lease Trust 2025-A                                                  | CUSIP: 65479XAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $265733.38    | 0.06%             | 2029-06-15      | Fixed         | 5.11%                 | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED CHF / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CH        |         1 | NC      | $-582.98      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| TRANSDIGM INC                                                                                       | TransDigm Inc                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91758.57     | 0.02%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Intercontinental Exchange, Inc.                                                                     | CCPCDX--2I65BRAD4-20300620                                                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   7065000 | OU      | $267134.72    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| STATE STREET CORP                                                                                   | State Street Corp                                                               | CUSIP: 857477CL5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1953857.75   | 0.47%             | 2027-03-18      | Fixed         | 4.99%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                                                                              | Sequoia Mortgage Trust 2024-INV1                                                | CUSIP: 816939AF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2407291 | PA      | $2420279.27   | 0.58%             | 2054-10-25      | Variable      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Smithfield Foods Inc                                                                                | Smithfield Foods Inc                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    752000 | PA      | $743217.96    | 0.18%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                                            | Vistra Operations Co LLC                                                        | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    684000 | PA      | $671938.29    | 0.16%             | 2027-01-30      | Fixed         | 3.70%                 | Yes           | 2                  | On Loan: No      |
| ICE Futures Europe                                                                                  | LONG GILT FUTURE JUN25                                                          | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              |  | GB        |        42 | NC      | $63799.77     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| FRESB Multifamily Mortgage Pass-Through Certifica                                                   | FRESB 2018-SB53 Mortgage Trust                                                  | CUSIP: 30297DAJ9<br>LEI: 549300P6Y1UBYR0WQ049 | Long             | ABS-MBS          | USGSE             | US        |     64041 | PA      | $63327.09     | 0.02%             | 2028-06-25      | Variable      | 3.66%                 | No            | 2                  | On Loan: No      |
| GOLUB CAPITAL BDC                                                                                   | Golub Capital BDC Inc                                                           | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    610000 | PA      | $586961.03    | 0.14%             | 2026-08-24      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| CENTENE CORP                                                                                        | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    730000 | PA      | $671314.54    | 0.16%             | 2028-07-15      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| MARS INC                                                                                            | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    745000 | PA      | $753076.78    | 0.18%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           | 2                  | On Loan: No      |
| COLT Funding LLC                                                                                    | COLT 2024-2 Mortgage Loan Trust                                                 | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    595723 | PA      | $599420.20    | 0.14%             | 2069-04-25      | Variable      | 6.13%                 | Yes           | 2                  | On Loan: No      |
| HYATT HOTELS CORP                                                                                   | Hyatt Hotels Corp                                                               | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    651000 | PA      | $661935.12    | 0.16%             | 2027-01-30      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                                        | Barclays PLC                                                                    | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    670000 | PA      | $663078.17    | 0.16%             | 2030-06-20      | Fixed         | 5.09%                 | No            | 2                  | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                                                            | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1663000 | PA      | $1648455.24   | 0.39%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| TELUS Corp                                                                                          | TELUS Corp                                                                      | CUSIP: 87971MBD4<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    698000 | PA      | $678599.12    | 0.16%             | 2027-02-16      | Fixed         | 2.80%                 | No            | 2                  | On Loan: No      |
| COMM Mortgage Trust                                                                                 | COMM 2015-LC23 Mortgage Trust                                                   | CUSIP: 12636FBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5023 | PA      | $5010.51      | 0.00%             | 2048-10-10      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                                                          | CAN 10YR BOND FUT JUN25                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |       -26 | NC      | $22937.96     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN HONDA FINANCE                                                                              | American Honda Finance Corp                                                     | CUSIP: 02665WEY3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1302897.02   | 0.31%             | 2026-01-09      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| NCL CORPORATION LTD                                                                                 | NCL Corp Ltd                                                                    | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     30000 | PA      | $31364.30     | 0.01%             | 2029-01-15      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                                            | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJA3<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $458537.35    | 0.11%             | 2029-04-15      | Fixed         | 5.29%                 | Yes           | 2                  | On Loan: No      |
| Carval CLO LTD                                                                                      | CarVal CLO XI C Ltd                                                             | CUSIP: 14688RAA8<br>LEI: 254900BDRF474L9PWM54 | Long             | ABS-CBDO         | CORP              | KY        |    180000 | PA      | $179996.76    | 0.04%             | 2037-10-20      | Floating      | 5.66%                 | Yes           | 2                  | On Loan: No      |
| Hilton Grand Vacations Trust                                                                        | Hilton Grand Vacations Trust 2020-A                                             | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86477 | PA      | $84084.00     | 0.02%             | 2039-02-25      | Fixed         | 2.74%                 | Yes           | 2                  | On Loan: No      |
| Verizon Master Trust                                                                                | Verizon Master Trust                                                            | CUSIP: 92348KCQ4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    775000 | PA      | $790515.28    | 0.19%             | 2030-04-22      | Fixed         | 5.34%                 | No            | 2                  | On Loan: No      |
| ERAC USA FINANCE LLC                                                                                | ERAC USA Finance LLC                                                            | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377932.81    | 0.09%             | 2028-05-01      | Fixed         | 4.60%                 | Yes           | 2                  | On Loan: No      |
| State Street Bank & Trust Co.                                                                       | PURCHASED USD / SOLD CHF                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-379823.84   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| Nokia OYJ                                                                                           | Nokia Oyj                                                                       | CUSIP: 654902AE5<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |    674000 | PA      | $665067.25    | 0.16%             | 2027-06-12      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| BRAVO Residential Funding Trust                                                                     | BRAVO Residential Funding Trust 2024-NQM5                                       | CUSIP: 105925AA9<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |   1082262 | PA      | $1088314.77   | 0.26%             | 2064-06-25      | Variable      | 5.80%                 | Yes           | 2                  | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                                            | Piedmont Operating Partnership LP                                               | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    138000 | PA      | $149332.46    | 0.04%             | 2028-07-20      | Fixed         | 9.25%                 | No            | 2                  | On Loan: No      |
| NTT FINANCE CORP                                                                                    | NTT Finance Corp                                                                | CUSIP: 62954WAC9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $340032.62    | 0.08%             | 2026-04-03      | Fixed         | 1.16%                 | Yes           | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 5YR NOTE (CBT) JUN25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        89 | NC      | $153675.03    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL MOTORS FINL CO                                                                              | General Motors Financial Co Inc                                                 | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    670000 | PA      | $671952.47    | 0.16%             | 2028-04-04      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1812375.00   | 0.43%             | 2026-07-31      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Floating Rate Notes                                               | CUSIP: 91282CHS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2365000 | PA      | $2364844.74   | 0.56%             | 2025-07-31      | Floating      | 4.37%                 | No            | 2                  | On Loan: No      |
| American Express Credit Account Master Trust                                                        | American Express Credit Account Master Trust                                    | CUSIP: 02582JKH2<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $715005.54    | 0.17%             | 2029-04-15      | Fixed         | 5.23%                 | No            | 2                  | On Loan: No      |
| SLM Student Loan Trust                                                                              | SLM Private Credit Student Loan Trust 2006-B                                    | CUSIP: 78443CCU6<br>LEI: 549300MJYMBTZU2FTV38 | Long             | ABS-O            | CORP              | US        |    157812 | PA      | $153854.08    | 0.04%             | 2039-12-15      | Floating      | 4.83%                 | No            | 2                  | On Loan: No      |
| Mill City Mortgage Trust                                                                            | Mill City Mortgage Loan Trust 2019-1                                            | CUSIP: 59981AAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126921 | PA      | $123382.02    | 0.03%             | 2069-10-25      | Variable      | 3.25%                 | Yes           | 2                  | On Loan: No      |
| MARS INC                                                                                            | Mars Inc                                                                        | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    915000 | PA      | $920629.38    | 0.22%             | 2027-03-01      | Fixed         | 4.45%                 | Yes           | 2                  | On Loan: No      |
| CREDIT AGRICOLE SA                                                                                  | Credit Agricole SA                                                              | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    590000 | PA      | $574850.29    | 0.14%             | 2027-01-26      | Fixed         | 1.25%                 | Yes           | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                                                                              | Sequoia Mortgage Trust 2025-4                                                   | CUSIP: 81749MAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1210000 | PA      | $1217643.64   | 0.29%             | 2055-05-25      | Variable      | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Tricon American Homes                                                                               | Tricon American Homes 2020-SFR2 Trust                                           | CUSIP: 89613JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1784287 | PA      | $1663766.06   | 0.40%             | 2039-11-17      | Fixed         | 1.48%                 | Yes           | 2                  | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                            | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RHC1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1540000 | PA      | $1569640.47   | 0.37%             | 2028-04-20      | Fixed         | 5.78%                 | Yes           | 2                  | On Loan: No      |
| Enterprise Fleet Financing LLC                                                                      | Enterprise Fleet Financing 2022-1 LLC                                           | CUSIP: 29375JAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6719 | PA      | $6711.44      | 0.00%             | 2028-01-20      | Fixed         | 3.03%                 | Yes           | 2                  | On Loan: No      |
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | U.S. Cash Management Fund                                                       | CUSIP: 000000000<br>LEI: 845SLB3N6EI7ZN7PZ398 | Long             | STIV             | PF                | US        |  26218429 | NS      | $26210563.16  | 6.26%             |  |  |  | No            | N/A                | On Loan: No      |
| T-MOBILE USA INC                                                                                    | T-Mobile USA Inc                                                                | CUSIP: 87264ACZ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    935000 | PA      | $949348.52    | 0.23%             | 2028-03-15      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                                            | Main Street Capital Corp                                                        | CUSIP: 56035LAE4<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |    661000 | PA      | $639240.35    | 0.15%             | 2026-07-14      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| HOWMET AEROSPACE INC                                                                                | Howmet Aerospace Inc                                                            | CUSIP: 022249AU0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    551000 | PA      | $580151.86    | 0.14%             | 2028-01-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| BAE SYSTEMS PLC                                                                                     | BAE Systems PLC                                                                 | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $860615.79    | 0.21%             | 2027-03-26      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| OAKTREE SPECIALTY LEND                                                                              | Oaktree Specialty Lending Corp                                                  | CUSIP: 67401PAC2<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |    687000 | PA      | $648448.49    | 0.15%             | 2027-01-15      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 2YR NOTE (CBT) JUN25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -18 | NC      | $-29849.22    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Progress Residential Trust                                                                          | Progress Residential 2021-SFR4                                                  | CUSIP: 74333EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    746421 | PA      | $728331.89    | 0.17%             | 2038-05-17      | Fixed         | 1.56%                 | Yes           | 2                  | On Loan: No      |
| TOYOTA MOTOR CORP                                                                                   | Toyota Motor Corp                                                               | CUSIP: 892331AM1<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |     60000 | PA      | $58496.70     | 0.01%             | 2026-03-25      | Fixed         | 1.34%                 | No            | 2                  | On Loan: No      |
| KeySpan Gas East Corp                                                                               | KeySpan Gas East Corp                                                           | CUSIP: 49338CAB9<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |    607000 | PA      | $592774.50    | 0.14%             | 2026-08-15      | Fixed         | 2.74%                 | Yes           | 2                  | On Loan: No      |
| Suzano Austria GmbH                                                                                 | Suzano Austria GmbH                                                             | CUSIP: 05674XAA9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    696000 | PA      | $702313.83    | 0.17%             | 2026-07-14      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| ARES CAPITAL CORP                                                                                   | Ares Capital Corp                                                               | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    609000 | PA      | $586827.09    | 0.14%             | 2026-07-15      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| Firstkey Homes Trust                                                                                | FirstKey Homes 2022-SFR3 Trust                                                  | CUSIP: 33768EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2020497 | PA      | $2005024.01   | 0.48%             | 2038-07-17      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| CONAGRA BRANDS INC                                                                                  | Conagra Brands Inc                                                              | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    622000 | PA      | $573977.03    | 0.14%             | 2027-11-01      | Fixed         | 1.38%                 | No            | 2                  | On Loan: No      |
| VIDEOTRON LTD                                                                                       | Videotron Ltd                                                                   | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    348000 | PA      | $329524.53    | 0.08%             | 2029-06-15      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| UNITED AIR 2014-1 A PTT                                                                             | United Airlines 2014-1 Class A Pass Through Trust                               | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    418879 | PA      | $413066.67    | 0.10%             | 2026-04-11      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                                                   | HSBC Holdings PLC                                                               | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203503.62    | 0.05%             | 2028-05-17      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| CarMax Auto Owner Trust                                                                             | Carmax Auto Owner Trust 2025-1                                                  | CUSIP: 14319WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $278496.22    | 0.07%             | 2030-01-15      | Fixed         | 4.84%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1755000 | PA      | $1792199.63   | 0.43%             | 2027-01-15      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| VAR ENERGI ASA                                                                                      | Var Energi ASA                                                                  | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    201000 | PA      | $211583.64    | 0.05%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                                            | Toyota Motor Credit Corp                                                        | CUSIP: 89236TKF1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1794822.97   | 0.43%             | 2025-08-18      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| Cedar Funding Ltd                                                                                   | Cedar Funding V CLO Ltd                                                         | CUSIP: 15032AAY3<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |    181500 | PA      | $175785.06    | 0.04%             | 2031-07-17      | Fixed         | 1.94%                 | Yes           | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO                                                                              | General Motors Financial Co Inc                                                 | CUSIP: 37045XEQ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    915000 | PA      | $924255.69    | 0.22%             | 2027-05-08      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                                  | Honda Auto Receivables 2023-3 Owner Trust                                       | CUSIP: 43815QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        85 | PA      | $84.63        | 0.00%             | 2026-03-18      | Fixed         | 5.71%                 | No            | 2                  | On Loan: No      |
| CF Industries Inc                                                                                   | CF Industries Inc                                                               | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    666000 | PA      | $664834.67    | 0.16%             | 2026-12-01      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| L3HARRIS TECH INC                                                                                   | L3Harris Technologies Inc                                                       | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1670615.68   | 0.40%             | 2027-01-15      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                                                   | Credit Acceptance Auto Loan Trust 2025-1                                        | CUSIP: 22536KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $708583.25    | 0.17%             | 2035-03-15      | Fixed         | 5.02%                 | Yes           | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 2YR NOTE (CBT) JUN25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       286 | NC      | $436306.92    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                                                                            | Harley-Davidson Financial Services Inc                                          | CUSIP: 41283LBA2<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    706000 | PA      | $676359.44    | 0.16%             | 2027-02-14      | Fixed         | 3.05%                 | Yes           | 2                  | On Loan: No      |
| Tesla Sustainable Energy Trust                                                                      | Tesla Sustainable Energy Trust 2024-1                                           | CUSIP: 88164AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605000 | PA      | $612119.61    | 0.15%             | 2050-06-21      | Fixed         | 5.08%                 | Yes           | 2                  | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                                                                            | Deutsche Telekom International Finance BV                                       | CUSIP: 25156PBA0<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $740327.16    | 0.18%             | 2027-01-19      | Fixed         | 3.60%                 | Yes           | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                                                                              | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1100765.63   | 0.26%             | 2028-01-21      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                                                                                 | American Express Co                                                             | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807284.62    | 0.19%             | 2029-04-25      | Fixed         | 4.73%                 | No            | 2                  | On Loan: No      |
| Constellation Brands Inc                                                                            | Constellation Brands Inc                                                        | CUSIP: 21036PAQ1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    965000 | PA      | $953708.15    | 0.23%             | 2026-12-06      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Towd Point Mortgage Trust                                                                           | Towd Point Mortgage Trust 2021-SJ2                                              | CUSIP: 89180LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199812 | PA      | $192934.35    | 0.05%             | 2061-12-25      | Variable      | 2.25%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae Pool                                                                 | CUSIP: 3140XMHW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59457 | PA      | $58166.07     | 0.01%             | 2034-11-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Towd Point Mortgage Trust                                                                           | Towd Point Mortgage Trust 2018-2                                                | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229839 | PA      | $226417.54    | 0.05%             | 2058-03-25      | Variable      | 3.25%                 | Yes           | 2                  | On Loan: No      |
| Atlantic Asset Securitization LLC                                                                   | Atlantic Asset Securitization LLC                                               | CUSIP: 04821TVD4<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $987093.80    | 0.24%             | 2025-08-13      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                                                                 | JPMorgan Chase & Co                                                             | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980471.37    | 0.23%             | 2026-11-19      | Fixed         | 1.05%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae REMICS                                                               | CUSIP: 31396V4Q8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5932 | PA      | $5817.16      | 0.00%             | 2037-07-25      | Floating      | 4.51%                 | No            | 2                  | On Loan: No      |
| Verus Securitization Trust                                                                          | Verus Securitization Trust 2024-INV1                                            | CUSIP: 92540FAA8<br>LEI: 9845000FE754F4AE7E70 | Long             | ABS-MBS          | CORP              | US        |    200857 | PA      | $202595.92    | 0.05%             | 2069-03-25      | Variable      | 6.12%                 | Yes           | 2                  | On Loan: No      |
| BX Trust                                                                                            | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $468183.06    | 0.11%             | 2036-09-15      | Floating      | 5.54%                 | Yes           | 2                  | On Loan: No      |
| Fannie Mae - CAS                                                                                    | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    230000 | PA      | $229573.54    | 0.05%             | 2044-02-25      | Floating      | 6.15%                 | Yes           | 2                  | On Loan: No      |
| UNITED AIR 2014-2 A PTT                                                                             | United Airlines 2014-2 Class A Pass Through Trust                               | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    812108 | PA      | $795947.14    | 0.19%             | 2026-09-03      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE                                                                                    | Societe Generale SA                                                             | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    334000 | PA      | $323072.75    | 0.08%             | 2027-06-09      | Fixed         | 1.79%                 | Yes           | 2                  | On Loan: No      |
| BROADCOM INC                                                                                        | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1264710.87   | 0.30%             | 2029-07-12      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                                                                                 | American Express Co                                                             | CUSIP: 025816DG1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    970000 | PA      | $980122.26    | 0.23%             | 2027-07-28      | Fixed         | 5.39%                 | No            | 2                  | On Loan: No      |
| Hertz Vehicle Financing LLC                                                                         | Hertz Vehicle Financing III LLC                                                 | CUSIP: 42806MCE7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $1014592.21   | 0.24%             | 2030-03-25      | Fixed         | 6.15%                 | Yes           | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Notes                                                             | CUSIP: 91282CKJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5350000 | PA      | $5438609.38   | 1.30%             | 2027-04-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| SOUTHERN POWER CO                                                                                   | Southern Power Co                                                               | CUSIP: 843646AW0<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    685000 | PA      | $666956.15    | 0.16%             | 2026-01-15      | Fixed         | 0.90%                 | No            | 2                  | On Loan: No      |
| BENCHMARK Mortgage Trust                                                                            | Benchmark 2021-B27 Mortgage Trust                                               | CUSIP: 08163HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4052272 | PA      | $225095.02    | 0.05%             | 2054-07-15      | Variable      | 1.35%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                                                                                 | JPMorgan Chase & Co                                                             | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1052444.72   | 0.25%             | 2028-07-22      | Fixed         | 4.98%                 | No            | 2                  | On Loan: No      |
| ING GROEP NV                                                                                        | ING Groep NV                                                                    | CUSIP: 456837BB8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    270000 | PA      | $267698.56    | 0.06%             | 2028-03-28      | Fixed         | 4.02%                 | No            | 2                  | On Loan: No      |
| Angel Oak Mortgage Trust                                                                            | Angel Oak Mortgage Trust 2025-4                                                 | CUSIP: 034935AA4<br>LEI: 254900VBIBOATGC48K85 | Long             | ABS-MBS          | CORP              | US        |   2571905 | PA      | $2592992.28   | 0.62%             | 2070-04-25      | Variable      | 5.86%                 | Yes           | 2                  | On Loan: No      |
| EPR Properties                                                                                      | EPR Properties                                                                  | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |    631000 | PA      | $625608.08    | 0.15%             | 2026-12-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                                                                | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    440000 | PA      | $425397.29    | 0.10%             | 2027-07-22      | Fixed         | 1.73%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade Seaport Department                                                             | MIAMI-DADE CNTY FL SEAPORT REVENUE                                              | CUSIP: 59335KCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $325047.50    | 0.08%             | 2027-10-01      | Fixed         | 1.52%                 | No            | 2                  | On Loan: No      |
| HONDA MOTOR CO LTD                                                                                  | Honda Motor Co Ltd                                                              | CUSIP: 438127AB8<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |    440000 | PA      | $426343.68    | 0.10%             | 2027-03-10      | Fixed         | 2.53%                 | No            | 2                  | On Loan: No      |
| SANTANDER HOLDINGS USA                                                                              | Santander Holdings USA Inc                                                      | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    580000 | PA      | $601595.19    | 0.14%             | 2029-03-09      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| BPR Trust                                                                                           | BPR Trust 2022-OANA                                                             | CUSIP: 05592DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300000.54    | 0.07%             | 2037-04-15      | Floating      | 6.22%                 | Yes           | 2                  | On Loan: No      |
| Yara International ASA                                                                              | Yara International ASA                                                          | CUSIP: 984851AF2<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |    593000 | PA      | $590861.12    | 0.14%             | 2028-06-01      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| NBK SPC LTD                                                                                         | NBK SPC Ltd                                                                     | CUSIP: 62877PAB0<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |    628000 | PA      | $601710.37    | 0.14%             | 2027-09-15      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                                 | Citigroup Commercial Mortgage Trust 2016-P4                                     | CUSIP: 29429EAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840000 | PA      | $819428.48    | 0.20%             | 2049-07-10      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| LOWE'S COS INC                                                                                      | Lowe's Cos Inc                                                                  | CUSIP: 548661DR5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1203203.14   | 0.29%             | 2029-04-05      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Fannie Mae Pool                                                                 | CUSIP: 3140HV4S0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    273557 | PA      | $265648.66    | 0.06%             | 2026-11-01      | Fixed         | 2.28%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                                         | Freddie Mac REMICS                                                              | CUSIP: 3137HHDE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1155300 | PA      | $1145911.91   | 0.27%             | 2054-11-25      | Floating      | 5.45%                 | No            | 2                  | On Loan: No      |
| TORONTO-DOMINION BANK                                                                               | Toronto-Dominion Bank/The                                                       | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    460000 | PA      | $475440.35    | 0.11%             | 2082-10-31      | Fixed         | 8.13%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bills                                                             | CUSIP: 912797PR2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    450000 | PA      | $447893.74    | 0.11%             | 2025-06-10      | None          | 0.00%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-05-29

**Name of Applicant:** RUSSELL INVESTMENT CO

**Signature:** Kari Seabrands

**Name of Signer:** Kari Seabrands

**Title:** Treasurer, Principal Accounting Officer and Principal Financial Officer