# EDGAR Filing Document

**Accession Number:** 0000787441
**File Stem:** 0001752724-25-152804
**Filing Date:** 2025-6
**Character Count:** 242213
**Document Hash:** aef06e68f416c995ea2c30d63e9e70ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-152804.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-152804

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS FUNDS
- **CENTRAL INDEX KEY:** 0000787441

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04550
- **FILM NUMBER:** 251067597

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125767000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS MAINSTAY SERIES FUND /NY/
- **DATE OF NAME CHANGE:** 19911126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS SERIES FUND
- **DATE OF NAME CHANGE:** 19860506

## Series and Classes Contracts Data

### NYLI Income Builder Fund (Series ID: S000006900)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000018706 | Class A        | MTRAX           |
| C000018708 | Class C        | MCTRX           |
| C000018709 | Class I        | MTOIX           |
| C000060796 | INVESTOR CLASS | MTINX           |
| C000185564 | Class R6       | MTODX           |
| C000221696 | SIMPLE CLASS   | MTISX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS FUNDS

- **b. Investment Company Act file number:** 811-04550

- **c. CIK number of Registrant:** 0000787441

- **d. LEI of Registrant:** 549300PAI7XEJSNBJ671

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI Income Builder Fund

- **b. EDGAR series identifier (if any):** S000006900

- **c. LEI of Series:** KRQ4HNYE4YC2FPWTOC56

**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:** $1008163728.26

**Total Liabilities:** $8311247.69

**Net Assets:** $999852480.57

**Cash Not Reported:** $1143.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -185.67000000 | **1-Year:** -2882.21000000 | **5-Year:** -14221.94000000 | **10-Year:** -28688.73000000 | **30-Year:** -32054.42000000

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

- **3-Month:** -886.82000000 | **1-Year:** -5537.08000000 | **5-Year:** -15624.08000000 | **10-Year:** -24122.96000000 | **30-Year:** -42182.79000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018708 | 1.77%                | -2.15%               | -0.13%               |
| Class ID C000221696 | 1.80%                | -2.04%               | -0.11%               |
| Class ID C000060796 | 1.85%                | -2.09%               | -0.11%               |
| Class ID C000185564 | 1.87%                | -2.01%               | -0.06%               |
| Class ID C000018709 | 1.82%                | -2.02%               | -0.02%               |
| Class ID C000018706 | 1.82%                | -2.02%               | -0.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2128230.49              | $16869803.22                               |
| Month 2  | $9499531.68              | $-28800062.93                              |
| Month 3  | $-2863284.69             | $-1940888.17                               |

**Designated Index Information**

- **Index Name:** Custom Income Builder Index

- **Index Identifier:** BCIBI

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Brooklyn Union Gas Co. (The)                            | Brooklyn Union Gas Co. (The)                                                              | CUSIP: 114259AX2<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    865000 | PA      | $909782.20    | 0.09%             | 2033-09-15      | Fixed         | 6.39%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operating LP                          | Western Midstream Operating LP                                                            | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    860000 | PA      | $687426.79    | 0.07%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                             | Southern California Gas Co., Series VV                                                    | CUSIP: 842434CS9<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    845000 | PA      | $666752.13    | 0.07%             | 2049-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 2 Year Notes                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -102 | NC      | $-214585.77   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust         | Multifamily Connecticut Avenue Securities Trust, Series 2019-01, Class B10                | CUSIP: 62547NAC3<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-MBS          | CORP              | US        |   1040000 | PA      | $1037463.34   | 0.10%             | 2049-10-25      | Floating      | 9.97%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities                           | Connecticut Avenue Securities, Series 2025-R01, Class 1B1                                 | CUSIP: 20755JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1464431.25   | 0.15%             | 2045-01-25      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                              | Flagship Credit Auto Trust, Series 2022-2, Class D                                        | CUSIP: 33844XAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1360956.08   | 0.14%             | 2028-04-17      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                       | Wells Fargo & Co.                                                                         | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    935000 | PA      | $839513.70    | 0.08%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                                     | Suzano Austria GmbH                                                                       | CUSIP: 86964WAJ1<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |   1200000 | PA      | $1084696.68   | 0.11%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bills                                                                       | CUSIP: 912797ND5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1800000 | PA      | $1800000.00   | 0.18%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Orange SA                                               | Orange SA                                                                                 | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    331592 | NS      | $4814965.61   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corp. plc                                         | Eaton Corp. plc                                                                           | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     13742 | NS      | $4045232.54   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class D                          | CUSIP: 95000CBJ1<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |    495000 | PA      | $432159.21    | 0.04%             | 2059-01-15      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $360382.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Paraguay                                    | Paraguay Government Bond                                                                  | CUSIP: 699149AB6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   1325000 | PA      | $1243843.75   | 0.12%             | 2044-08-11      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Texas Debt Capital CLO Ltd.                             | Texas Debt Capital CLO Ltd., Series 2024-2A, Class B                                      | CUSIP: 88238EAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498668.50    | 0.05%             | 2037-01-24      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-96, Class SN                                                            | CUSIP: 38382UVH1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2423122 | PA      | $316822.26    | 0.03%             | 2051-06-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| BlackRock, Inc.                                         | BlackRock, Inc.                                                                           | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      3732 | NS      | $3412018.32   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Merrill Lynch Commercial Mortgage Trust | Bank of America Merrill Lynch Commercial Mortgage Trust, Series 2016-UB10, Class D        | CUSIP: 06054MAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1455000 | PA      | $1271482.01   | 0.13%             | 2049-07-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust, Series 2018-B2, Class D                              | CUSIP: 17327FAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730000 | PA      | $1290816.66   | 0.13%             | 2051-03-10      | Variable      | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.             | Taiwan Semiconductor Manufacturing Co. Ltd.                                               | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     58691 | NS      | $9783202.79   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                           | Walmart, Inc.                                                                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     93963 | NS      | $9137901.75   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class B                            | CUSIP: 17322YAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    456708 | PA      | $441362.36    | 0.04%             | 2047-10-10      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-34, Class MI                                                     | CUSIP: 3136BHWC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3310009 | PA      | $425490.78    | 0.04%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XKAD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    417163 | PA      | $419394.86    | 0.04%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO 12 Ltd.                                 | Signal Peak CLO 12 Ltd., Series 2022-12A, Class A1R                                       | CUSIP: 82671XAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    530000 | PA      | $529987.81    | 0.05%             | 2037-07-18      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                            | Santander Holdings USA, Inc.                                                              | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    735000 | PA      | $762057.91    | 0.08%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2022-R02, Class 2B2                           | CUSIP: 20754BAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1055000 | PA      | $1127531.25   | 0.11%             | 2042-01-25      | Floating      | 12.00%                | Yes           |                  2 | On Loan: No      |
| Regatta XI Funding Ltd.                                 | Regatta XI Funding Ltd., Series 2018-1A, Class AR                                         | CUSIP: 75887XAN7<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $649983.75    | 0.07%             | 2037-07-17      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Flex Intermediate Holdco LLC                            | Flex Intermediate Holdco LLC                                                              | CUSIP: 33939HAA7<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $1794205.80   | 0.18%             | 2031-06-30      | Fixed         | 3.36%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-60, Class ES                                                            | CUSIP: 38383XSW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1051151 | PA      | $1011751.55   | 0.10%             | 2053-04-20      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                              | Microchip Technology, Inc.                                                                | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     88906 | NS      | $4096788.48   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                          | BAWAG Group AG                                                                            | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     41208 | NS      | $4517076.71   | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                       | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1865000 | PA      | $1878258.99   | 0.19%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                     | Hilton Domestic Operating Co., Inc.                                                       | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1070992.85   | 0.11%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG           | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)                                | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      7750 | NS      | $5280067.41   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                  | Sequoia Mortgage Trust, Series 2021-4, Class A1                                           | CUSIP: 81748WBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28585783 | PA      | $283093.58    | 0.03%             | 2051-06-25      | Variable      | 0.16%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                          | Southern California Edison Co.                                                            | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    660000 | PA      | $473077.19    | 0.05%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                | Lloyds Banking Group plc                                                                  | CUSIP: 53944YAB9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1690000 | PA      | $1684567.22   | 0.17%             | 2026-03-24      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                 | CF Hippolyta Issuer LLC, Series 2021-1A, Class A1                                         | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1121513 | PA      | $1067531.55   | 0.11%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-69, Class FA                                                            | CUSIP: 38383PV40<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    421961 | PA      | $397277.66    | 0.04%             | 2052-04-20      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5011, Class MI                                                       | CUSIP: 3137FVSU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1567731 | PA      | $257205.03    | 0.03%             | 2050-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP               | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    575000 | PA      | $577110.54    | 0.06%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| Dominican Republic                                      | Dominican Republic Government Bond                                                        | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1195000 | PA      | $1071616.25   | 0.11%             | 2032-09-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5326, Class QO                                                       | CUSIP: 3137HAFC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1513802 | PA      | $993828.76    | 0.10%             | 2050-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                     | Intesa Sanpaolo SpA                                                                       | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    585000 | PA      | $591759.07    | 0.06%             | 2025-11-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                      | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    680000 | PA      | $656905.38    | 0.07%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-369408.15   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                      | Ally Bank Auto Credit-Linked Notes, Series 2024-A, Class G                                | CUSIP: 02007G2A0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504583 | PA      | $511564.22    | 0.05%             | 2032-05-17      | Fixed         | 12.75%                | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2023-R03, Class 2M2                           | CUSIP: 20753AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    715000 | PA      | $753881.70    | 0.08%             | 2043-04-25      | Floating      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Trust Fibra Uno                                         | Trust Fibra Uno                                                                           | CUSIP: 89834JAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    750000 | PA      | $771541.61    | 0.08%             | 2037-01-23      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-166, Class IC                                                           | CUSIP: 38382LQD6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    698815 | PA      | $88824.19     | 0.01%             | 2050-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Sponsor LLC                  | New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class B1                           | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $395237.35    | 0.04%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5527, Class FA                                                       | CUSIP: 3137HKWJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1596956 | PA      | $1584397.75   | 0.16%             | 2055-04-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                | Virgin Media Bristol LLC, First Lien Facility Advance Term Loan Q                         | CUSIP: G9368PBE3<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   1340000 | PA      | $1319900.00   | 0.13%             | 2029-01-31      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| KLA Corp.                                               | KLA Corp.                                                                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      9507 | NS      | $6680473.83   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Arab Republic of Egypt                                  | Egypt Government Bond                                                                     | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1010000 | PA      | $859691.80    | 0.09%             | 2032-05-29      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2023-R07, Class 2M2                           | CUSIP: 20753BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730000 | PA      | $1790550.00   | 0.18%             | 2043-09-25      | Floating      | 7.60%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                | Benchmark Mortgage Trust, Series 2018-B6, Class D                                         | CUSIP: 08162CAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    815000 | PA      | $625050.64    | 0.06%             | 2051-10-10      | Variable      | 3.24%                 | Yes           |                  2 | On Loan: No      |
| Argentine Republic (The)                                | Argentina Government Bond                                                                 | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1535000 | PA      | $1023666.65   | 0.10%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5094, Class IP                                                       | CUSIP: 3137FYQ58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1262200 | PA      | $204797.65    | 0.02%             | 2051-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| First Horizon Corp.                                     | First Horizon Corp.                                                                       | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |    625000 | PA      | $628554.30    | 0.06%             | 2031-03-07      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                   | OneMain Direct Auto Receivables Trust, Series 2019-1A, Class D                            | CUSIP: 68267EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $766538.85    | 0.08%             | 2031-04-14      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                | Bristol-Myers Squibb Co.                                                                  | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     90255 | NS      | $4530801.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica, Inc.                                          | Comerica, Inc.                                                                            | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1088203.52   | 0.11%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2022-HQA3, Class M1B                                      | CUSIP: 35564KE47<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |   1335000 | PA      | $1392514.34   | 0.14%             | 2042-08-25      | Floating      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Eli Lilly & Co.                                         | Eli Lilly & Co.                                                                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      4708 | NS      | $4232256.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman International LLC                              | Huntsman International LLC                                                                | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   1862000 | PA      | $1755111.01   | 0.18%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                              | Flagship Credit Auto Trust, Series 2021-3, Class E                                        | CUSIP: 33846QAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1316000 | PA      | $1212735.45   | 0.12%             | 2028-12-15      | Fixed         | 3.32%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                    | Columbia Pipelines Operating Co. LLC                                                      | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $376844.04    | 0.04%             | 2053-11-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                      | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XDL7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $924323.26    | 0.09%             | 2031-06-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Great Lakes Dredge & Dock Corp.                         | Great Lakes Dredge & Dock Corp.                                                           | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    415000 | PA      | $378685.55    | 0.04%             | 2029-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd.                                            | OCP CLO Ltd., Series 2017-14A, Class A1R                                                  | CUSIP: 67097QAN5<br>LEI: 25490025Q5WQX513IQ05 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $648015.55    | 0.06%             | 2037-07-20      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Prime Healthcare Services, Inc.                         | Prime Healthcare Services, Inc.                                                           | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $595862.90    | 0.06%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1054898 | PA      | $916455.90    | 0.09%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2022-HQA2, Class M2                                       | CUSIP: 35564KB65<br>LEI: 5493000IRLADKYZNON28 | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $930950.00    | 0.09%             | 2042-07-25      | Floating      | 10.35%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-34, Class SC                                                            | CUSIP: 38382DM30<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2114114 | PA      | $279299.02    | 0.03%             | 2050-03-20      | Floating      | 1.62%                 | No            |                  2 | On Loan: No      |
| Cummins, Inc.                                           | Cummins, Inc.                                                                             | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     23991 | NS      | $7049515.44   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-96, Class NS                                                            | CUSIP: 38382UVG3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4069930 | PA      | $608682.02    | 0.06%             | 2051-06-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                           | UBS Commercial Mortgage Trust, Series 2018-C10, Class D                                   | CUSIP: 90276FAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    740000 | PA      | $581225.82    | 0.06%             | 2051-05-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| International Business Machines Corp.                   | International Business Machines Corp.                                                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     52364 | NS      | $12662662.48  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Univision Communications, Inc.                          | Univision Communications, Inc.                                                            | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    965000 | PA      | $933718.95    | 0.09%             | 2027-06-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Ivy Hill Middle Market Credit Fund VII Ltd.             | Ivy Hill Middle Market Credit Fund VII Ltd., Series 7A, Class AR3                         | CUSIP: 46602ABE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $447444.90    | 0.04%             | 2036-10-15      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-78, Class S                                                             | CUSIP: 38383P8S3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2203990 | PA      | $46085.22     | 0.00%             | 2052-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                              | Warnermedia Holdings, Inc.                                                                | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    380000 | PA      | $325386.58    | 0.03%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Belron UK Finance plc                                   | Belron UK Finance plc                                                                     | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    970000 | PA      | $968764.66    | 0.10%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust, Series 2018-2, Class B5                                        | CUSIP: 89175VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1204022 | PA      | $511812.24    | 0.05%             | 2058-03-25      | Variable      | 3.77%                 | Yes           |                  2 | On Loan: No      |
| Sanofi SA                                               | Sanofi SA                                                                                 | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     70909 | NS      | $7776521.26   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-29, Class AS                                                            | CUSIP: 38382NP76<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4013465 | PA      | $43346.63     | 0.00%             | 2051-02-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    992745 | PA      | $992846.45    | 0.10%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2021-HQA3, Class B2                                       | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   1865000 | PA      | $1924865.38   | 0.19%             | 2041-09-25      | Floating      | 10.60%                | Yes           |                  2 | On Loan: No      |
| GSK plc                                                 | GSK plc                                                                                   | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    257860 | NS      | $5093087.68   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Ohio Power Co.                                          | Ohio Power Co., Series R                                                                  | CUSIP: 677415CU3<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $601656.24    | 0.06%             | 2051-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                             | Apple, Inc.                                                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     26995 | NS      | $5736437.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-101, Class SB                                                           | CUSIP: 38383F6G3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2175219 | PA      | $29732.20     | 0.00%             | 2052-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVT FUND LEX                                 | ALLSPRING GOVERNMENT MONEY MARKET FUND                                                    | CUSIP: 949921126<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   2000000 | NS      | $2000000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Ultra Bonds                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        95 | NC      | $150678.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                    | NextEra Energy, Inc.                                                                      | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     99710 | NS      | $6668604.80   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2022-2A, Class E                              | CUSIP: 30166QAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1765000 | PA      | $1627391.25   | 0.16%             | 2029-10-15      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA I, Single Family, 30 Year                                                            | CUSIP: 36207KUR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         2 | PA      | $2.02         | 0.00%             | 2029-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5092, Class XA                                                       | CUSIP: 3137FYEX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    726874 | PA      | $626287.51    | 0.06%             | 2041-01-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-10, Class IC                                                            | CUSIP: 38383GFG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2062081 | PA      | $235626.32    | 0.02%             | 2051-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Edison International                                    | Edison International                                                                      | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    605000 | PA      | $566464.22    | 0.06%             | 2054-06-15      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $848091.19    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| STACR Trust                                             | STACR REMIC Trust, Series 2018-HRP1, Class B2                                             | CUSIP: 3137G0VB2<br>LEI: 549300D2VO9JVX6KU482 | Long             | ABS-MBS          | CORP              | US        |   1831207 | PA      | $2185267.65   | 0.22%             | 2043-05-25      | Floating      | 16.22%                | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                          | Citizens Financial Group, Inc.                                                            | CUSIP: 174610AW5<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1394501.56   | 0.14%             | 2032-09-30      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| BF Mortgage Trust                                       | BF Mortgage Trust, Series 2019-NYT, Class F                                               | CUSIP: 62954PAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1280000 | PA      | $1060353.54   | 0.11%             | 2035-12-15      | Floating      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2022-R01, Class 1B2                           | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1845000 | PA      | $1924574.85   | 0.19%             | 2041-12-25      | Floating      | 10.35%                | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132E0PK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    825162 | PA      | $842201.20    | 0.08%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                       | Eversource Energy                                                                         | CUSIP: 30040WAZ1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    685000 | PA      | $709477.36    | 0.07%             | 2034-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-67, Class PI                                                            | CUSIP: 38382RR75<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1391683 | PA      | $240189.34    | 0.02%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2022-10, Class SA                                                     | CUSIP: 3136BL3H1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1701550 | PA      | $205463.18    | 0.02%             | 2052-02-25      | Floating      | 1.40%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                          | M&T Bank Corp.                                                                            | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    365000 | PA      | $355276.53    | 0.04%             | 2036-01-16      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Apidos CLO LI Ltd.                                      | Apidos CLO LI Ltd., Series 2024-51A, Class B                                              | CUSIP: 03771JAE9<br>LEI: 254900K0UHSUBZXUMR56 | Long             | ABS-CBDO         | CORP              | JE        |    420000 | PA      | $415380.42    | 0.04%             | 2038-01-20      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-87, Class SA                                                            | CUSIP: 38383RYT8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4340814 | PA      | $59334.15     | 0.01%             | 2052-05-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5351, Class DO                                                       | CUSIP: 3137HAYG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    795684 | PA      | $671161.44    | 0.07%             | 2053-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2019-97, Class FG                                                            | CUSIP: 38381YHP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1276526 | PA      | $1131839.41   | 0.11%             | 2049-08-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Co. LLC                  | Transcontinental Gas Pipe Line Co. LLC                                                    | CUSIP: 893574AM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1035000 | PA      | $852271.42    | 0.09%             | 2048-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                            | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $1764407.38   | 0.18%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA II, Single Family, 30 Year                                                           | CUSIP: 36179WQB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2499830 | PA      | $2214263.49   | 0.22%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2018-C43, Class D                           | CUSIP: 95001LAC6<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $205682.18    | 0.02%             | 2051-03-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Delta Air Lines, Inc.                                   | Delta Air Lines, Inc.                                                                     | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2112144.88   | 0.21%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Johnson & Johnson                                       | Johnson & Johnson                                                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     29817 | NS      | $4660695.27   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                       | Merck & Co., Inc.                                                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     47291 | NS      | $4029193.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-86, Class SE                                                            | CUSIP: 38384A3B7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1609309 | PA      | $257192.69    | 0.03%             | 2050-09-20      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                | Lloyds Banking Group plc                                                                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   3895079 | NS      | $3810399.42   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                              | AT&T, Inc.                                                                                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    210747 | NS      | $5837691.90   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA Holding LUX SARL                                | JBS USA Holding LUX SARL                                                                  | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1228000 | PA      | $1253436.62   | 0.13%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                            | Pfizer, Inc.                                                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    138975 | NS      | $3392379.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Calpine Corp.                                           | Calpine Corp.                                                                             | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    615000 | PA      | $609162.73    | 0.06%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                         | CSAIL Commercial Mortgage Trust, Series 2016-C6, Class D                                  | CUSIP: 12636MAV0<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |   1140000 | PA      | $971298.24    | 0.10%             | 2049-01-15      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                       | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2935000 | PA      | $2943598.64   | 0.29%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Arches Buyer, Inc.                                      | Arches Buyer, Inc., First Lien New Term Loan                                              | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |    792930 | PA      | $775088.77    | 0.08%             | 2027-12-06      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                                 | Bath & Body Works, Inc.                                                                   | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1175334.93   | 0.12%             | 2030-10-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: —       |
| Stifel SBA IO Trust                                     | Stifel SBA IO Trust, Series 2024-1A, Class A2                                             | CUSIP: 86063NAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15850937 | PA      | $574596.45    | 0.06%             | 2050-06-25      | Variable      | 1.27%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-207                                                                     | CUSIP: 38383HFY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2121952 | PA      | $358100.54    | 0.04%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Strips, Series 272                                                          | CUSIP: 3128HXY25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    964239 | PA      | $743982.20    | 0.07%             | 2042-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                        | Deutsche Post AG                                                                          | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     85666 | NS      | $3642690.84   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                               | Commercial Mortgage Trust, Series 2014-CR17, Class C                                      | CUSIP: 12631DBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1355000 | PA      | $1238199.00   | 0.12%             | 2047-05-10      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Bank                                                    | BANK, Series 2019-BN19, Class C                                                           | CUSIP: 06540WBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1340000 | PA      | $993381.93    | 0.10%             | 2061-08-15      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO                                               | AIMCO CLO, Series 2018-AA, Class B1R                                                      | CUSIP: 00900GAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $795753.60    | 0.08%             | 2037-10-17      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Regions Financial Corp.                                 | Regions Financial Corp.                                                                   | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    157152 | NS      | $3207472.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                 | Santander Bank Auto Credit-Linked Notes, Series 2023-B, Class F                           | CUSIP: 80290CCF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542597 | PA      | $563880.66    | 0.06%             | 2033-12-15      | Fixed         | 12.24%                | Yes           |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                  | CVS Pass-Through Trust                                                                    | CUSIP: 126650AQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18656 | PA      | $18685.12     | 0.00%             | 2026-01-10      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-158, Class SB                                                           | CUSIP: 38382XY58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3338467 | PA      | $134303.53    | 0.01%             | 2051-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-1, Class HD                                                             | CUSIP: 38383VFN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    876754 | PA      | $794248.99    | 0.08%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                   | HPEFS Equipment Trust, Series 2024-1A, Class D                                            | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1265000 | PA      | $1274557.71   | 0.13%             | 2031-11-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                    | American Airlines Pass-Through Trust, Series 2016-2, Class A                              | CUSIP: 023764AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    994610 | PA      | $943998.08    | 0.09%             | 2028-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FHLMC, Multifamily Structured Pass-Through Certificates | FHLMC, Multifamily Structured Pass-Through Certificates, REMIC, Series 2021-MN3, Class M1 | CUSIP: 35563GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    583647 | PA      | $584244.36    | 0.06%             | 2051-11-25      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                         | CFCRE Commercial Mortgage Trust, Series 2016-C3, Class D                                  | CUSIP: 12531WAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    890000 | PA      | $826029.83    | 0.08%             | 2048-01-10      | Variable      | 3.05%                 | Yes           |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                 | Sasol Financing USA LLC                                                                   | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1194060.04   | 0.12%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| United Parcel Service, Inc.                             | United Parcel Service, Inc., Class B                                                      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     34184 | NS      | $3257735.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Holdings LLC                                      | Sally Holdings LLC                                                                        | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $342467.38    | 0.03%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Hewlett Packard Enterprise Co.                          | Hewlett Packard Enterprise Co.                                                            | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    419471 | NS      | $6803819.62   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-188                                                                     | CUSIP: 38382L2B6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3161771 | PA      | $347577.92    | 0.03%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                         | Citigroup, Inc.                                                                           | CUSIP: 17327CAU7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    815000 | PA      | $777907.43    | 0.08%             | 2039-09-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-8, Class ID                                                      | CUSIP: 3136BFES8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2119738 | PA      | $439866.38    | 0.04%             | 2051-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vinci SA                                                | Vinci SA                                                                                  | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |     31162 | NS      | $4387381.11   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-96, Class JS                                                            | CUSIP: 38382UYG0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1911224 | PA      | $290053.13    | 0.03%             | 2051-06-20      | Floating      | 1.92%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                            | Avolon Holdings Funding Ltd.                                                              | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1515000 | PA      | $1477184.02   | 0.15%             | 2026-02-21      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-137, Class S                                                            | CUSIP: 38383UVS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2428597 | PA      | $340932.51    | 0.03%             | 2051-07-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities XXI CLO LLC               | Fortress Credit Opportunities XXI CLO LLC, Series 2023-21A, Class A1TR                    | CUSIP: 34964UAN6<br>LEI: 254900WDNXJI5BDB6170 | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $746872.50    | 0.07%             | 2037-01-21      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO 78M                          | Golub Capital Partners CLO 78M, Series 2025-78A, Class A1                                 | CUSIP: 381934AC2<br>LEI: 254900PSE4IZIZUH7U62 | Long             | ABS-CBDO         | CORP              | US        |    990000 | PA      | $977246.82    | 0.10%             | 2039-04-21      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS Group AG                                                                              | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2090000 | PA      | $1789749.56   | 0.18%             | 2031-02-10      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5023, Class LI                                                       | CUSIP: 3137FWV72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1109051 | PA      | $185640.69    | 0.02%             | 2050-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-85, Class BI                                                     | CUSIP: 3136BKHZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3409533 | PA      | $583935.43    | 0.06%             | 2051-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                         | Zayo Issuer LLC, Series 2025-1A, Class B                                                  | CUSIP: 98919WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1185000 | PA      | $1187694.45   | 0.12%             | 2055-03-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | S&P 500 E-Mini Index                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -87 | NC      | $-885992.04   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-59, Class YC                                                            | CUSIP: 38383XXB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1274288 | PA      | $1405728.55   | 0.14%             | 2051-09-20      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| Rad CLO 25 Ltd.                                         | Rad CLO 25 Ltd., Series 2024-25A, Class A1                                                | CUSIP: 75009GAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    450000 | PA      | $449089.65    | 0.04%             | 2037-07-20      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                  | Home Depot, Inc. (The)                                                                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     13552 | NS      | $4885360.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                  | AXA SA                                                                                    | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    120314 | NS      | $5703285.26   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust      | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class D              | CUSIP: 61690FAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $866623.94    | 0.09%             | 2048-04-15      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132E06G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    331209 | PA      | $343042.28    | 0.03%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-5, Class FA                                                             | CUSIP: 38382CGQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1395689 | PA      | $1258189.37   | 0.13%             | 2050-01-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-47                                                                      | CUSIP: 38380RA75<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6774733 | PA      | $468008.03    | 0.05%             | 2061-03-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV          | Teva Pharmaceutical Finance Netherlands III BV                                            | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1335000 | PA      | $1309666.24   | 0.13%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                              | PacifiCorp                                                                                | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    625000 | PA      | $634421.16    | 0.06%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                      | Subway Funding LLC, Series 2024-3A, Class A23                                             | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    915400 | PA      | $908151.59    | 0.09%             | 2054-07-30      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 31418EP20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1540053 | PA      | $1509783.67   | 0.15%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                        | Sands China Ltd.                                                                          | CUSIP: 80007RAF2<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |   1310000 | PA      | $1307976.71   | 0.13%             | 2025-08-08      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROCK Trust                                              | ROCK Trust, Series 2024-CNTR, Class E                                                     | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1865000 | PA      | $1949680.88   | 0.19%             | 2041-11-13      | Fixed         | 8.82%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                       | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1065000 | PA      | $1104937.50   | 0.11%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bills                                     | U.S. Treasury Bills                                                                       | CUSIP: 912797QH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1300000 | PA      | $1285509.33   | 0.13%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                               | Williams Cos., Inc. (The)                                                                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     90723 | NS      | $5313646.11   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CONE Trust                                              | CONE Trust, Series 2024-DFW1, Class E                                                     | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    515000 | PA      | $507296.89    | 0.05%             | 2041-08-15      | Floating      | 8.21%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                | PNC Financial Services Group, Inc. (The)                                                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     20743 | NS      | $3333192.67   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-188, Class DI                                                           | CUSIP: 38382LX22<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4223764 | PA      | $564762.87    | 0.06%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP                                          | GLP Capital LP                                                                            | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1451652.69   | 0.15%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                            | Nutrien Ltd.                                                                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     99946 | NS      | $5701919.30   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, Inc.                                             | ONEOK, Inc.                                                                               | CUSIP: 29336TAC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    565000 | PA      | $575721.13    | 0.06%             | 2028-01-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                | Benchmark Mortgage Trust, Series 2019-B14, Class C                                        | CUSIP: 08162YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1360000 | PA      | $1041205.53   | 0.10%             | 2062-12-15      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                          | Braskem Netherlands Finance BV                                                            | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1535000 | PA      | $1380506.09   | 0.14%             | 2028-01-10      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Arcos Dorados BV                                        | Arcos Dorados BV                                                                          | CUSIP: 03965TAC7<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |   1070000 | PA      | $1088746.40   | 0.11%             | 2032-01-29      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Imperial Brands plc                                     | Imperial Brands plc                                                                       | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    188044 | NS      | $7704090.30   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                                                              | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      5198 | NS      | $5066534.73   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2021-R03, Class 1B1                           | CUSIP: 20754AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $455485.50    | 0.05%             | 2041-12-25      | Floating      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                              | Flagship Credit Auto Trust, Series 2020-3, Class D                                        | CUSIP: 33844TAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    344357 | PA      | $342565.23    | 0.03%             | 2026-09-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    788224 | PA      | $735967.52    | 0.07%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                                  | General Dynamics Corp.                                                                    | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     12762 | NS      | $3472795.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2019-HQA3, Class B2                                       | CUSIP: 35564XBE0<br>LEI: 549300EUJICRX5L38Y52 | Long             | ABS-MBS          | CORP              | US        |   1360000 | PA      | $1543600.00   | 0.15%             | 2049-09-25      | Floating      | 11.97%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-53                                                                      | CUSIP: 38383XYN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    482457 | PA      | $375650.12    | 0.04%             | 2053-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                        | Deutsche Bank AG                                                                          | CUSIP: 251526CN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1945000 | PA      | $1934346.05   | 0.19%             | 2027-11-16      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                 | MPLX LP                                                                                   | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             |  |  | US        |     66380 | NS      | $3380733.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Duquesne Light Holdings, Inc.                           | Duquesne Light Holdings, Inc.                                                             | CUSIP: 266233AG0<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2190029.04   | 0.22%             | 2027-08-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2022-HQA3, Class M2                                       | CUSIP: 35564KE70<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |    640000 | PA      | $684998.40    | 0.07%             | 2042-08-25      | Floating      | 9.70%                 | Yes           |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC                               | Mileage Plus Holdings LLC                                                                 | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    837000 | PA      | $839623.16    | 0.08%             | 2027-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BANK                                                    | BANK, Series 2017-BNK4, Class C                                                           | CUSIP: 06541FBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $890765.49    | 0.09%             | 2050-05-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust      | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C23, Class D              | CUSIP: 61690QAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    337000 | PA      | $321739.73    | 0.03%             | 2050-07-15      | Variable      | 4.26%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-83, Class FM                                                            | CUSIP: 38382QWD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1702850 | PA      | $1415555.59   | 0.14%             | 2051-05-20      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-97, Class SA                                                            | CUSIP: 38382VET2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5466604 | PA      | $51981.94     | 0.01%             | 2051-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Uniti Group LP                                          | Uniti Group LP                                                                            | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    882000 | PA      | $936494.37    | 0.09%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-139, Class IA                                                           | CUSIP: 38382XFY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4469901 | PA      | $821552.65    | 0.08%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                            | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1320984.01   | 0.13%             | 2032-10-20      | Variable      | 2.51%                 | No            |                  2 | On Loan: —       |
| Mill City Mortgage Loan Trust                           | Mill City Mortgage Loan Trust, Series 2018-4, Class B4                                    | CUSIP: 59980YAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1063757 | PA      | $650533.60    | 0.07%             | 2066-04-25      | Variable      | 3.07%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners plc                      | Coca-Cola Europacific Partners plc                                                        | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |    108960 | NS      | $9887030.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegea Finance SARL                                      | Aegea Finance SARL                                                                        | CUSIP: 00775CAC0<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    410000 | PA      | $427683.71    | 0.04%             | 2031-01-20      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Snam SpA                                                | Snam SpA                                                                                  | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |    859235 | NS      | $4922079.13   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1M2                          | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    685000 | PA      | $710949.86    | 0.07%             | 2040-02-25      | Floating      | 8.12%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                 | BPCE SA                                                                                   | CUSIP: 05583JAK8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1255000 | PA      | $1207851.76   | 0.12%             | 2027-10-19      | Variable      | 2.04%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1426454.17   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-55, Class LB                                                            | CUSIP: 38383X4D3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    849309 | PA      | $969474.09    | 0.10%             | 2051-11-20      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-57, Class SA                                                            | CUSIP: 38382QAD2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3959299 | PA      | $547272.54    | 0.05%             | 2051-03-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2019-FTR2, Class B2                                       | CUSIP: 35564WBE2<br>LEI: 5493008J93RJW7PJFN93 | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $1016962.11   | 0.10%             | 2048-11-25      | Floating      | 11.87%                | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                   | OneMain Finance Corp.                                                                     | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $811291.80    | 0.08%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LyondellBasell Industries NV                            | LyondellBasell Industries NV, Class A                                                     | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |     50744 | NS      | $2953808.24   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-205, Class DS                                                           | CUSIP: 38383C3X6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6014242 | PA      | $117398.60    | 0.01%             | 2051-11-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                               | Towd Point Mortgage Trust, Series 2017-4, Class B5                                        | CUSIP: 89173UAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857704 | PA      | $543653.76    | 0.05%             | 2057-06-25      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Terex Corp.                                             | Terex Corp.                                                                               | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    810000 | PA      | $775204.99    | 0.08%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5160                                                                 | CUSIP: 3137H3WL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1363018 | PA      | $148073.92    | 0.01%             | 2051-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                    | Colombia Government Bond                                                                  | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1780000 | PA      | $1371406.57   | 0.14%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-16, Class AS                                                            | CUSIP: 38382NAB3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4202705 | PA      | $34924.90     | 0.00%             | 2051-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA                                                                       | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    935000 | PA      | $900409.49    | 0.09%             | 2026-05-26      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5315, Class OQ                                                       | CUSIP: 3137HAA48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    691115 | PA      | $565426.91    | 0.06%             | 2055-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132E0W57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105257 | PA      | $107211.36    | 0.01%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Russell 2000 E-Mini Index                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       170 | NC      | $-367082.91   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                         | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $992960.71    | 0.10%             | 2032-01-27      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2016-93, Class AI                                                            | CUSIP: 38379XY20<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1524252 | PA      | $375790.21    | 0.04%             | 2044-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                         | AstraZeneca plc                                                                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     89734 | NS      | $6442003.86   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-66, Class OQ                                                            | CUSIP: 38384AQK2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1374692 | PA      | $1067935.50   | 0.11%             | 2052-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nevada Power Co.                                        | Nevada Power Co., Series GG                                                               | CUSIP: 641423CF3<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    530000 | PA      | $523386.66    | 0.05%             | 2053-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2019-128, Class KF                                                           | CUSIP: 38382AEQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    483935 | PA      | $433971.53    | 0.04%             | 2049-10-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | FTSE 100 Index                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |      -151 | NC      | $263721.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                    | Cheniere Corpus Christi Holdings LLC                                                      | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1247731.51   | 0.12%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                     | SK Telecom Co. Ltd.                                                                       | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     81791 | NS      | $3142281.37   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2019-HRP1, Class B1                           | CUSIP: 20754PAD2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |   1545000 | PA      | $1668553.03   | 0.17%             | 2039-11-25      | Floating      | 13.72%                | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                           | Citigroup Mortgage Loan Trust, Series 2014-C, Class B3                                    | CUSIP: 17323GAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1580000 | PA      | $1316442.10   | 0.13%             | 2054-02-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                     | Seasoned Credit Risk Transfer Trust, Series 2025-1, Class MTU                             | CUSIP: 35563PYZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2271717 | PA      | $1948037.68   | 0.19%             | 2064-11-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS Group AG                                                                              | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1040000 | PA      | $931156.83    | 0.09%             | 2032-05-14      | Variable      | 3.09%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-46, Class QS                                                            | CUSIP: 38382P5H1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    709491 | PA      | $105864.40    | 0.01%             | 2051-03-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                            | Bain Capital Credit CLO Ltd., Series 2021-6A, Class DR                                    | CUSIP: 05684PAU0<br>LEI: 254900YXN9JEMKU5DF45 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350049.00    | 0.04%             | 2034-10-21      | Floating      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                               | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    730000 | PA      | $740988.96    | 0.07%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XVIII-R                                      | Apidos CLO, Series 2018-18A, Class BR2                                                    | CUSIP: 03767NBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    950000 | PA      | $943480.15    | 0.09%             | 2038-01-22      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                          | Broadcom, Inc.                                                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     75312 | NS      | $14495300.64  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp.                                   | Las Vegas Sands Corp.                                                                     | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1027352.21   | 0.10%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                             | Capital One Financial Corp.                                                               | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408874.73    | 0.04%             | 2035-02-01      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| BAE Systems plc                                         | BAE Systems plc                                                                           | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    272126 | NS      | $6254761.83   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-80, Class SA                                                            | CUSIP: 38384BPQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4751753 | PA      | $192732.07    | 0.02%             | 2053-06-20      | Floating      | 0.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-40, Class SI                                                     | CUSIP: 3136BHQA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2223418 | PA      | $231394.86    | 0.02%             | 2047-09-25      | Floating      | 1.48%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                         | Nissan Motor Acceptance Co. LLC                                                           | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3205000 | PA      | $3025139.85   | 0.30%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust         | Multifamily Connecticut Avenue Securities Trust, Series 2020-01, Class CE                 | CUSIP: 62548QAF8<br>LEI: 5493002KQF9IH3CTQZ40 | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1459228.40   | 0.15%             | 2050-03-25      | Floating      | 11.97%                | Yes           |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                    | Meta Platforms, Inc., Class A                                                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     13091 | NS      | $7186959.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DUT49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    773593 | PA      | $775422.04    | 0.08%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Medtronic plc                                           | Medtronic plc                                                                             | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     71786 | NS      | $6084581.36   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV          | Teva Pharmaceutical Finance Netherlands III BV                                            | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    575000 | PA      | $555586.95    | 0.06%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-1, Class YS                                                             | CUSIP: 38382CDW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2956330 | PA      | $27019.38     | 0.00%             | 2050-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust                       | GLS Auto Receivables Issuer Trust, Series 2024-3A, Class D                                | CUSIP: 37989AAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015000 | PA      | $1018037.49   | 0.10%             | 2031-02-18      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5200, Class SA                                                       | CUSIP: 3137H6KD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    378065 | PA      | $10211.09     | 0.00%             | 2052-02-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Strips, Series 426, Class C32                                                | CUSIP: 31422MZU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3753425 | PA      | $359969.70    | 0.04%             | 2052-02-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | MSCI EAFE Index                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       168 | NC      | $2276486.78   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2020-HQA1, Class B2                                       | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $2060274.62   | 0.21%             | 2050-01-25      | Floating      | 9.57%                 | Yes           |                  2 | On Loan: No      |
| FHLMC, Multifamily Structured Pass-Through Certificates | FHLMC, Multifamily Structured Pass-Through Certificates, REMIC, Series 2024-MN9, Class M2 | CUSIP: 355917AB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1070000 | PA      | $1069997.54   | 0.11%             | 2044-10-25      | Floating      | 7.60%                 | Yes           |                  2 | On Loan: No      |
| First Horizon Corp.                                     | First Horizon Corp.                                                                       | CUSIP: 320517AD7<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2097802.10   | 0.21%             | 2025-05-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bonds                                                                       | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2635000 | PA      | $2607414.84   | 0.26%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XBG46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    348369 | PA      | $293713.94    | 0.03%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                       | Philip Morris International, Inc.                                                         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     67468 | NS      | $11561316.48  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                         | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    444000 | PA      | $477060.93    | 0.05%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                       | NatWest Group plc                                                                         | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    695000 | PA      | $707048.72    | 0.07%             | 2035-03-01      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2024-48, Class JI                                                            | CUSIP: 38384KHH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2054794 | PA      | $354497.92    | 0.04%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-12, Class JI                                                     | CUSIP: 3136BFKM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1205834 | PA      | $195941.82    | 0.02%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA I, Single Family, 30 Year                                                            | CUSIP: 36209FLA5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         4 | PA      | $4.14         | 0.00%             | 2029-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines, Inc.                                                                   | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    466667 | PA      | $463556.29    | 0.05%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Realty Income Corp.                                     | Realty Income Corp.                                                                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     67247 | NS      | $3890911.42   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM Mortgage Trust                                     | COMM Mortgage Trust, Series 2020-CX, Class D                                              | CUSIP: 12656KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270000 | PA      | $1017785.49   | 0.10%             | 2046-11-10      | Variable      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-1, Class PI                                                             | CUSIP: 38382ML56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    864959 | PA      | $132278.66    | 0.01%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                     | Post Holdings, Inc.                                                                       | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    705000 | PA      | $664536.53    | 0.07%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust         | Multifamily Connecticut Avenue Securities Trust, Series 2023-01, Class M10                | CUSIP: 62548NAB4<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-MBS          | CORP              | US        |   1735000 | PA      | $1940642.09   | 0.19%             | 2053-11-25      | Floating      | 10.85%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-97, Class SM                                                            | CUSIP: 38382VAW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1024501 | PA      | $161373.95    | 0.02%             | 2051-06-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-66, Class MP                                                            | CUSIP: 38384AWS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1265787 | PA      | $1194128.72   | 0.12%             | 2053-05-20      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO XX LLC                                     | Owl Rock CLO XX LLC, Series 2024-20A, Class C                                             | CUSIP: 69122LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $487764.50    | 0.05%             | 2034-10-24      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                        | Jersey Central Power & Light Co.                                                          | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1427916.54   | 0.14%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 4993, Class KS                                                       | CUSIP: 3137FU6G4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2965468 | PA      | $412166.31    | 0.04%             | 2050-07-25      | Floating      | 1.58%                 | No            |                  2 | On Loan: No      |
| AGL CLO 32 Ltd.                                         | AGL CLO 32 Ltd., Series 2024-32A, Class A1                                                | CUSIP: 00121BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $799985.60    | 0.08%             | 2037-07-21      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                              | Flagship Credit Auto Trust, Series 2021-1, Class D                                        | CUSIP: 33843WAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1216640 | PA      | $1196124.51   | 0.12%             | 2027-03-15      | Fixed         | 1.27%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                       | CUSIP: 91282CNA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3410000 | PA      | $3424918.75   | 0.34%             | 2032-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK                                                    | BANK, Series 2018-BN12, Class D                                                           | CUSIP: 06541KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270000 | PA      | $972791.68    | 0.10%             | 2061-05-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| NYLI U.S. Government Liquidity Fund                     | NYLI U.S. Government Liquidity Fund                                                       | CUSIP: 56064L488<br>LEI: 549300Y3ZLEL13IJCK58 | Long             | STIV             | RF                | US        |  13536042 | NS      | $13536042.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                            | U.S. Bancorp                                                                              | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    101332 | NS      | $4087732.88   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-172                                                                     | CUSIP: 38381JA72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3890549 | PA      | $376011.48    | 0.04%             | 2066-02-16      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA II, Single Family, 30 Year                                                           | CUSIP: 36179WR34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2887789 | PA      | $2557963.89   | 0.26%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-167, Class SN                                                           | CUSIP: 38382LBS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1308796 | PA      | $197976.39    | 0.02%             | 2050-11-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-226, Class SA                                                           | CUSIP: 38383FAC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2866747 | PA      | $4499.07      | 0.00%             | 2051-12-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2022-R03, Class 1B2                           | CUSIP: 20753XAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530000 | PA      | $590950.00    | 0.06%             | 2042-03-25      | Floating      | 14.20%                | Yes           |                  2 | On Loan: No      |
| Barclays plc                                            | Barclays plc                                                                              | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1792565.60   | 0.18%             | 2028-03-15      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140HJJS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    389084 | PA      | $366504.60    | 0.04%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust  | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2021-1MEM, Class C         | CUSIP: 46654BAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $738072.70    | 0.07%             | 2042-10-09      | Variable      | 2.74%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2022-DNA1, Class B2                                       | CUSIP: 35564KQZ5<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | CORP              | US        |   1710000 | PA      | $1811539.80   | 0.18%             | 2042-01-25      | Floating      | 11.45%                | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Notes                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        38 | NC      | $45036.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines, Inc.                                   | Delta Air Lines, Inc.                                                                     | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $178345.38    | 0.02%             | 2025-10-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                     | Cisco Systems, Inc.                                                                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    202778 | NS      | $11706373.94  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Financial Corp.                                 | Textron Financial Corp.                                                                   | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $983864.34    | 0.10%             | 2042-02-15      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                      | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XDE3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    810000 | PA      | $688012.06    | 0.07%             | 2031-01-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| First Horizon Bank                                      | First Horizon Bank                                                                        | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1562161.54   | 0.16%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                          | Southern California Edison Co.                                                            | CUSIP: 842400HV8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    570000 | PA      | $509881.07    | 0.05%             | 2053-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Strips, Series 402                                                          | CUSIP: 3133Q3C33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    915364 | PA      | $761342.69    | 0.08%             | 2053-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                           | PepsiCo, Inc.                                                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     30996 | NS      | $4202437.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese US Holdings LLC                                | Celanese US Holdings LLC                                                                  | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    865000 | PA      | $866678.32    | 0.09%             | 2033-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 4725, Class WZ                                                       | CUSIP: 3137FBKV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1948471 | PA      | $1785490.64   | 0.18%             | 2047-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                           | Empresa Nacional del Petroleo                                                             | CUSIP: 29245JAM4<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | NUSS              | CL        |    554000 | PA      | $485293.81    | 0.05%             | 2031-09-16      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co.                                                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     34900 | NS      | $8537238.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                                    | Royal Bank of Canada                                                                      | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     29350 | NS      | $3522809.01   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                      | Energy Transfer LP                                                                        | CUSIP: 86765BAQ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $866651.78    | 0.09%             | 2045-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                                          | NiSource, Inc.                                                                            | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    136576 | NS      | $5341487.36   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.                         | Jefferies Financial Group, Inc.                                                           | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    470000 | PA      | $476253.83    | 0.05%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Unilever plc                                            | Unilever plc                                                                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     99811 | NS      | $6334909.14   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerva Luxembourg SA                                   | Minerva Luxembourg SA                                                                     | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |   1225000 | PA      | $1306680.55   | 0.13%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                        | Deutsche Bank AG                                                                          | CUSIP: 251526CK3<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $530147.91    | 0.05%             | 2032-05-28      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1B1                          | CUSIP: 20753VBT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1230000 | PA      | $1302109.00   | 0.13%             | 2040-02-25      | Floating      | 11.22%                | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $570020.03    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1573225.31  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-55, Class CG                                                            | CUSIP: 38383X4E1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    906034 | PA      | $1013313.96   | 0.10%             | 2051-07-20      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-179, Class SA                                                           | CUSIP: 38383CYH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2734534 | PA      | $397767.72    | 0.04%             | 2050-11-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| TruGreen Ltd. Partnership                               | TruGreen Ltd. Partnership, First Lien Term Loan B                                         | CUSIP: 89787RAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    735154 | PA      | $690125.79    | 0.07%             | 2027-11-02      | Variable      | 8.42%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust  | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2022-NLP, Class G          | CUSIP: 466317AS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    893296 | PA      | $781790.88    | 0.08%             | 2037-04-15      | Floating      | 8.85%                 | Yes           |                  2 | On Loan: No      |
| Analog Devices, Inc.                                    | Analog Devices, Inc.                                                                      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     38959 | NS      | $7593888.28   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Group, Inc.                                     | Rakuten Group, Inc.                                                                       | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    870000 | PA      | $917684.66    | 0.09%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2023-4A, Class D                              | CUSIP: 30166TAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $179788.09    | 0.02%             | 2029-12-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| NHK Spring Co. Ltd.                                     | NHK Spring Co. Ltd.                                                                       | CUSIP: N/A<br>LEI: 35380033IJ3XRDV8VH57       | Long             | EC               | CORP              | JP        |    312700 | NS      | $3478869.02   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Schroders plc                                           | Schroders plc                                                                             | CUSIP: N/A<br>LEI: 2138001YYBULX5SZ2H24       | Long             | EC               | CORP              | GB        |    831250 | NS      | $3669721.44   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO 76 B Ltd.                    | Golub Capital Partners CLO 76 B Ltd., Series 2024-76A, Class A1                           | CUSIP: 38180BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    650000 | PA      | $648298.95    | 0.06%             | 2037-10-25      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-57, Class SD                                                            | CUSIP: 38382QAM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6771168 | PA      | $962008.96    | 0.10%             | 2051-03-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Roche Holding AG                                        | Roche Holding AG                                                                          | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     12516 | NS      | $4082845.86   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2019-FTR1, Class B2                                       | CUSIP: 35564PAC2<br>LEI: 549300MHCI0CUXMJQS62 | Long             | ABS-MBS          | CORP              | US        |   1090000 | PA      | $1257091.22   | 0.13%             | 2048-01-25      | Floating      | 12.82%                | Yes           |                  2 | On Loan: No      |
| Allianz SE                                              | Allianz SE (Registered)                                                                   | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     12426 | NS      | $5131890.45   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                    | American Airlines Pass-Through Trust, Series 2016-2, Class AA                             | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    428060 | PA      | $406639.15    | 0.04%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-53, Class GI                                                     | CUSIP: 3136BGMS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4848548 | PA      | $808640.42    | 0.08%             | 2048-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II plc                        | Vedanta Resources Finance II plc                                                          | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $870889.02    | 0.09%             | 2033-04-24      | Fixed         | 9.85%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2024-R05, Class 2B1                           | CUSIP: 20754XAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325000 | PA      | $1306790.39   | 0.13%             | 2044-07-25      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2019-128, Class YF                                                           | CUSIP: 38382AGG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    497211 | PA      | $448428.53    | 0.04%             | 2049-10-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                           | Chevron Corp.                                                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22478 | NS      | $3058356.68   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods, Inc.                                  | Smithfield Foods, Inc.                                                                    | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1164499.38   | 0.12%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-74, Class HI                                                            | CUSIP: 38382RLF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    339985 | PA      | $52272.79     | 0.01%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO 35 Ltd.                                         | AGL CLO 35 Ltd., Series 2024-35A, Class A2                                                | CUSIP: 00852KAB0<br>LEI: 254900LDCU83O7QV9777 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248867.00    | 0.02%             | 2038-01-21      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2023-70, Class AO                                                     | CUSIP: 3136BQG37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    729854 | PA      | $589375.85    | 0.06%             | 2053-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                | Lloyds Banking Group plc                                                                  | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1038000 | PA      | $1035056.33   | 0.10%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-168, Class IA                                                           | CUSIP: 38380REA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2860951 | PA      | $214194.83    | 0.02%             | 2062-12-16      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                       | American Electric Power Co., Inc.                                                         | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     53970 | NS      | $5847109.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| New Economy Assets Phase 1 Sponsor LLC                  | New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class A1                           | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1042321.41   | 0.10%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial, Inc.                                    | Ally Financial, Inc.                                                                      | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1865970.21   | 0.19%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                              | KeyBank NA                                                                                | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    870000 | PA      | $811407.29    | 0.08%             | 2032-08-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                           | Starwood Property Trust, Inc.                                                             | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    940000 | PA      | $922101.46    | 0.09%             | 2027-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5363                                                                 | CUSIP: 3137HB5E0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    668217 | PA      | $576229.40    | 0.06%             | 2053-12-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MSC Industrial Direct Co., Inc.                         | MSC Industrial Direct Co., Inc., Class A                                                  | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     86306 | NS      | $6600682.88   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2022-HQA1, Class B1                                       | CUSIP: 35564KUE7<br>LEI: 5493000IRODEKU3J3Q16 | Long             | ABS-MBS          | CORP              | US        |   1355000 | PA      | $1466787.50   | 0.15%             | 2042-03-25      | Floating      | 11.35%                | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, Strips, Series 397, Class C61                                                      | CUSIP: 3142G4PC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1426360 | PA      | $313332.80    | 0.03%             | 2053-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AEP Texas, Inc.                                         | AEP Texas, Inc.                                                                           | CUSIP: 00108WAP5<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1101482.53   | 0.11%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2016-57, Class SN                                                     | CUSIP: 3136ATEN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1566918 | PA      | $183681.16    | 0.02%             | 2046-06-25      | Floating      | 1.58%                 | No            |                  2 | On Loan: No      |
| Segro plc                                               | Segro plc                                                                                 | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |    389819 | NS      | $3540779.12   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2021-54, Class HI                                                     | CUSIP: 3136BGKA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    512445 | PA      | $63985.52     | 0.01%             | 2051-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-622697.94   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                      | Toyota Motor Corp.                                                                        | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    191100 | NS      | $3657772.42   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                     | Coca-Cola Co. (The)                                                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     81784 | NS      | $5933429.20   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Pass-Through Trust                      | United Airlines Pass-Through Trust, Series 2020-1, Class A                                | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    783067 | PA      | $797134.39    | 0.08%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                           | UBS Commercial Mortgage Trust, Series 2018-C9, Class C                                    | CUSIP: 90291JBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920000 | PA      | $744253.96    | 0.07%             | 2051-03-15      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2019-FTR3, Class B2                                       | CUSIP: 35565EAE2<br>LEI: 5493009ZFZYH4FRCW638 | Long             | ABS-MBS          | CORP              | US        |   1345000 | PA      | $1411696.40   | 0.14%             | 2047-09-25      | Floating      | 9.27%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP               | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    785000 | PA      | $776902.25    | 0.08%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Ford Motor Credit Co. LLC                               | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    940000 | PA      | $903384.68    | 0.09%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                     | GS Mortgage-Backed Securities Trust, Series 2021-PJ6, Class A2                            | CUSIP: 36262LAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1905657 | PA      | $1552514.86   | 0.16%             | 2051-11-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2019-92, Class GF                                                            | CUSIP: 38381WS33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    459587 | PA      | $411048.84    | 0.04%             | 2049-07-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| VICI Properties, Inc.                                   | VICI Properties, Inc.                                                                     | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    184180 | NS      | $5897443.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CIM Trust                                               | CIM Trust, Series 2021-J2, Class AS                                                       | CUSIP: 12564ECM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  38401093 | PA      | $497989.21    | 0.05%             | 2051-04-25      | Variable      | 0.21%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                      | Banco Santander SA                                                                        | CUSIP: 05964HBD6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1021635.09   | 0.10%             | 2034-03-14      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Manulife Financial Corp.                                | Manulife Financial Corp.                                                                  | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |    254835 | NS      | $7809936.71   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2024-51, Class SX                                                            | CUSIP: 38384KVY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10230702 | PA      | $481342.25    | 0.05%             | 2054-03-20      | Floating      | 0.85%                 | No            |                  2 | On Loan: No      |
| EnfraGen Energia Sur SA                                 | EnfraGen Energia Sur SA                                                                   | CUSIP: 29280LAA1<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |    820000 | PA      | $704880.28    | 0.07%             | 2030-12-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                              | Flagship Credit Auto Trust, Series 2024-1, Class D                                        | CUSIP: 33843VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    980000 | PA      | $985615.01    | 0.10%             | 2030-04-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 4994, Class TS                                                       | CUSIP: 3137FUFU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1930095 | PA      | $238536.19    | 0.02%             | 2050-07-25      | Floating      | 1.63%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                                    | Ally Financial, Inc.                                                                      | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    550000 | PA      | $571319.79    | 0.06%             | 2029-06-13      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR Securitized Participation Interests Trust, Series 2018-SPI3, Class B          | CUSIP: 3137G1DF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1582914 | PA      | $1208167.05   | 0.12%             | 2048-08-25      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                                  | Truist Financial Corp.                                                                    | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     86130 | NS      | $3302224.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XM3V6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98267 | PA      | $100495.16    | 0.01%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WP Glimcher Mall Trust                                  | WP Glimcher Mall Trust, Series 2015-WPG, Class C                                          | CUSIP: 92939VAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1140000 | PA      | $1012164.85   | 0.10%             | 2035-06-05      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Restaurant Brands International, Inc.                   | Restaurant Brands International, Inc.                                                     | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |    107656 | NS      | $6933046.40   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                               | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD                                   | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   1108358 | NS      | $1108357.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RCKT Mortgage Trust                                     | RCKT Mortgage Trust, Series 2021-5, Class A1                                              | CUSIP: 749384AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2218114 | PA      | $1805683.18   | 0.18%             | 2051-11-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Euro STOXX 50 Index                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       525 | NC      | $-1257787.12  | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2022-5A, Class E                              | CUSIP: 30167FAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $426086.53    | 0.04%             | 2030-04-15      | Fixed         | 10.45%                | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Canada 5 Year Bonds                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | CA        |      -231 | NC      | $-91247.73    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 31418E5P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1016923 | PA      | $1015136.20   | 0.10%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Astellas Pharma, Inc.                                   | Astellas Pharma, Inc.                                                                     | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |    333600 | NS      | $3336398.98   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                           | MetLife, Inc.                                                                             | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    106436 | NS      | $8022081.32   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3987 | PA      | $4051.18      | 0.00%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Strips, Series 438, Class C34                                                | CUSIP: 31424UWR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1990224 | PA      | $476551.01    | 0.05%             | 2053-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-189, Class NS                                                           | CUSIP: 38382MCH0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3111765 | PA      | $501916.25    | 0.05%             | 2050-12-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Siemens AG                                              | Siemens AG (Registered)                                                                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     23205 | NS      | $5320943.37   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                            | Verizon Communications, Inc.                                                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     74512 | NS      | $3282998.72   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics, Inc.                                     | Quad/Graphics, Inc.                                                                       | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |        10 | NS      | $47.70        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA            | Cie Generale des Etablissements Michelin SCA                                              | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |     90141 | NS      | $3283331.52   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XTCZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4274388 | PA      | $3410758.04   | 0.34%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XHL54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    637483 | PA      | $596208.44    | 0.06%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                     | Nexstar Media, Inc.                                                                       | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $979330.19    | 0.10%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| Great Lakes CLO Ltd.                                    | Great Lakes CLO Ltd., Series 2019-1A, Class ARR                                           | CUSIP: 390578AT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $843358.95    | 0.08%             | 2037-04-15      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-BRBK, Class D                                   | CUSIP: 05613NAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120000 | PA      | $1097570.99   | 0.11%             | 2041-10-15      | Floating      | 10.29%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-46, Class TS                                                            | CUSIP: 38382P5E8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1545218 | PA      | $232335.27    | 0.02%             | 2051-03-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Yen Denominated Nikkei 225 Index                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       177 | NC      | $-499551.25   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                     | Synchrony Financial                                                                       | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    880000 | PA      | $877571.42    | 0.09%             | 2031-03-06      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Bills                                                                       | CUSIP: 912797PT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    500000 | PA      | $496831.25    | 0.05%             | 2025-06-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paychex, Inc.                                           | Paychex, Inc.                                                                             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     36455 | NS      | $5363259.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | S&P Midcap 400 E-Mini Index                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        69 | NC      | $-173683.35   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                         | Microsoft Corp.                                                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     36369 | NS      | $14375210.94  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA                                      | Credit Agricole SA                                                                        | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    941000 | PA      | $851001.44    | 0.09%             | 2029-03-23      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                                   | Westpac Banking Corp.                                                                     | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1255000 | PA      | $1082996.43   | 0.11%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| Columbia Banking System, Inc.                           | Columbia Banking System, Inc.                                                             | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161301 | NS      | $3616368.42   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    167880 | NS      | $6695054.40   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | U.S. Treasury Ultra Bonds                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       126 | NC      | $-81779.97    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications, Inc.                             | Rogers Communications, Inc., Class B                                                      | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |    127097 | NS      | $3313409.39   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| GNMA                                                    | GNMA, Series 2021-146, Class IN                                                           | CUSIP: 38382WH26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2113714 | PA      | $375069.47    | 0.04%             | 2051-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes                | Huntington Bank Auto Credit-Linked Notes, Series 2024-2, Class E                          | CUSIP: 44644NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    764550 | PA      | $767876.59    | 0.08%             | 2032-10-20      | Floating      | 11.85%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-136, Class SB                                                           | CUSIP: 38382WR25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14636774 | PA      | $261444.98    | 0.03%             | 2051-08-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $309866.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust              | JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class D                       | CUSIP: 46648KAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1055000 | PA      | $827576.18    | 0.08%             | 2050-10-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust               | Navient Private Education Refi Loan Trust, Series 2021-BA, Class A                        | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345827 | PA      | $315889.49    | 0.03%             | 2069-07-15      | Fixed         | 0.94%                 | Yes           |                  2 | On Loan: No      |
| Equinor ASA                                             | Equinor ASA                                                                               | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    160902 | NS      | $3676884.19   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5070, Class PI                                                       | CUSIP: 3137F9Y54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1434384 | PA      | $250356.39    | 0.03%             | 2050-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing LLC                                   | DIRECTV Financing LLC, First Lien 2024 Refinancing Term Loan B                            | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    960646 | PA      | $925307.30    | 0.09%             | 2029-08-02      | Variable      | 9.79%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                             | Huntington Bancshares, Inc.                                                               | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1086964.71   | 0.11%             | 2035-02-02      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co.                                    | Emerson Electric Co.                                                                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     54921 | NS      | $5772746.31   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    795014 | PA      | $761730.13    | 0.08%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                              | J.P. Morgan Mortgage Trust, Series 2021-4, Class B1                                       | CUSIP: 46652VBT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2371345 | PA      | $1922307.23   | 0.19%             | 2051-08-25      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                | Lloyds Banking Group plc                                                                  | CUSIP: 53944YAU7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    870000 | PA      | $854024.07    | 0.09%             | 2033-08-11      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Silver Point SCF CLO IV Ltd.                            | Silver Point SCF CLO IV Ltd., Series 2021-1A, Class A2R                                   | CUSIP: 82809JAE9<br>LEI: 549300JT1NOSMVUW1B50 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $452439.00    | 0.05%             | 2036-10-15      | Floating      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| National Fuel Gas Co.                                   | National Fuel Gas Co.                                                                     | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1217556.52   | 0.12%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                          | AIA Group Ltd.                                                                            | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    551600 | NS      | $4167391.83   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International, Inc.                           | Honeywell International, Inc.                                                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     17038 | NS      | $3586499.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                        | TotalEnergies SE                                                                          | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     55036 | NS      | $3121054.24   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA                                                                       | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1134999.45   | 0.11%             | 2030-11-18      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-44, Class IQ                                                            | CUSIP: 38382PMU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3219335 | PA      | $509369.97    | 0.05%             | 2051-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nestle SA                                               | Nestle SA (Registered)                                                                    | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     40858 | NS      | $4348623.21   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2022-ONL, Class E                           | CUSIP: 95003WAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $884087.65    | 0.09%             | 2039-12-15      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Hasbro, Inc.                                            | Hasbro, Inc.                                                                              | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     91905 | NS      | $5688919.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5021, Class SA                                                       | CUSIP: 3137FWMZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2715460 | PA      | $89021.73     | 0.01%             | 2050-10-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XNHU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    202664 | PA      | $209365.05    | 0.02%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                      | BMO Mortgage Trust, Series 2022-C1, Class 111A                                            | CUSIP: 05609MCJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1251572.28   | 0.13%             | 2055-02-17      | Variable      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                             | Pinnacle West Capital Corp.                                                               | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     41114 | NS      | $3913230.52   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                | U.S. Treasury Bills                                                                       | CUSIP: 912797NN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2200000 | PA      | $2192779.45   | 0.22%             | 2025-05-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | BNP Paribas SA                                                                            | CUSIP: 09659W2K9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1170000 | PA      | $1075853.77   | 0.11%             | 2031-01-13      | Variable      | 3.05%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XMMG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1003881 | PA      | $1025401.00   | 0.10%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140JNRL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    217068 | PA      | $203459.90    | 0.02%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                               | RTX Corp.                                                                                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     45513 | NS      | $5740554.69   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2023-45                                                               | CUSIP: 3136BQFY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    815634 | PA      | $641607.48    | 0.06%             | 2053-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust                           | Mill City Mortgage Loan Trust, Series 2018-3, Class B4                                    | CUSIP: 59980XAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668575 | PA      | $409891.44    | 0.04%             | 2058-08-25      | Variable      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 4710, Class WZ                                                       | CUSIP: 3137FAD21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1084032 | PA      | $998511.14    | 0.10%             | 2047-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-101, Class KO                                                           | CUSIP: 38384CBE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1324758 | PA      | $881671.53    | 0.09%             | 2051-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-194, Class CI                                                           | CUSIP: 38381JN94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4221531 | PA      | $276424.59    | 0.03%             | 2065-10-16      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Co.                              | Arizona Public Service Co.                                                                | CUSIP: 040555DD3<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1632666.23   | 0.16%             | 2031-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                      | British Airways Pass-Through Trust, Series 2021-1, Class A                                | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1686006 | PA      | $1504721.56   | 0.15%             | 2035-03-15      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| Mondelez International, Inc.                            | Mondelez International, Inc., Class A                                                     | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     97279 | NS      | $6627618.27   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XRGM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1859444 | PA      | $1892539.74   | 0.19%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                            | AbbVie, Inc.                                                                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     66413 | NS      | $12957176.30  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                                     | Omnicom Group, Inc.                                                                       | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     59873 | NS      | $4559927.68   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-743939.51   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.              | Australia & New Zealand Banking Group Ltd.                                                | CUSIP: 052528AR7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1155000 | PA      | $1177952.54   | 0.12%             | 2034-09-18      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                                  | WEC Energy Group, Inc.                                                                    | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     47735 | NS      | $5227937.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-177, Class IM                                                           | CUSIP: 38383CFZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3120141 | PA      | $529549.63    | 0.05%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Regatta 30 Funding Ltd.                                 | Regatta 30 Funding Ltd., Series 2024-4A, Class B                                          | CUSIP: 75903UAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $795427.20    | 0.08%             | 2038-01-25      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-159, Class CI                                                           | CUSIP: 38381JZC4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5686117 | PA      | $429213.69    | 0.04%             | 2065-07-16      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-189, Class SU                                                           | CUSIP: 38382MGE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    639030 | PA      | $98379.36     | 0.01%             | 2050-12-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                | Benchmark Mortgage Trust, Series 2019-B15, Class C                                        | CUSIP: 08160KAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120000 | PA      | $880085.92    | 0.09%             | 2072-12-15      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| NetApp, Inc.                                            | NetApp, Inc.                                                                              | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     57702 | NS      | $5178754.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2025-R02, Class 1B1                           | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $363482.52    | 0.04%             | 2045-02-25      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Strips, Series 311, Class S1                                                | CUSIP: 31325URK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2943566 | PA      | $323636.45    | 0.03%             | 2043-08-15      | Floating      | 1.49%                 | No            |                  2 | On Loan: No      |
| BWAY Mortgage Trust                                     | BWAY Mortgage Trust, Series 2013-1515, Class C                                            | CUSIP: 05604FAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    895000 | PA      | $819588.20    | 0.08%             | 2033-03-10      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| Home Partners of America Trust                          | Home Partners of America Trust, Series 2021-2, Class B                                    | CUSIP: 43732VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    484842 | PA      | $465110.00    | 0.05%             | 2026-12-17      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury Long Bonds                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       187 | NC      | $118334.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                 | KeyCorp                                                                                   | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    520000 | PA      | $544714.67    | 0.05%             | 2035-03-06      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2020-146, Class SA                                                           | CUSIP: 38382KWJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2012113 | PA      | $298311.63    | 0.03%             | 2050-10-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                       | Duke Energy Corp.                                                                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     34548 | NS      | $4215546.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-107, Class SA                                                           | CUSIP: 38383TLA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10977456 | PA      | $202372.70    | 0.02%             | 2052-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                                                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      6726 | NS      | $2767345.44   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                               | Essential Utilities, Inc.                                                                 | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    105817 | NS      | $4352253.21   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Capital, Inc.                                   | Ashtead Capital, Inc.                                                                     | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    935000 | PA      | $915322.88    | 0.09%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Studio City Finance Ltd.                                | Studio City Finance Ltd.                                                                  | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    965000 | PA      | $847346.48    | 0.08%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Telekom AG                                     | Deutsche Telekom AG (Registered)                                                          | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    221019 | NS      | $7930795.07   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2025-2, Class WZ                                                             | CUSIP: 38385B3C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1623088 | PA      | $1018763.77   | 0.10%             | 2052-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                          | Commonwealth Bank of Australia                                                            | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    505000 | PA      | $488385.65    | 0.05%             | 2046-03-14      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Novartis AG                                             | Novartis AG (Registered)                                                                  | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     73813 | NS      | $8356230.61   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2021-R03, Class 1B2                           | CUSIP: 20754AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $491031.25    | 0.05%             | 2041-12-25      | Floating      | 9.85%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-188                                                                     | CUSIP: 38383CTL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3638307 | PA      | $581007.44    | 0.06%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                        | McDonald's Corp.                                                                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     20983 | NS      | $6707215.95   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                         | Citigroup, Inc.                                                                           | CUSIP: 172967BL4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    770000 | PA      | $830537.89    | 0.08%             | 2032-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-1, Class IT                                                             | CUSIP: 38382MV97<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1896151 | PA      | $325300.67    | 0.03%             | 2051-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                        | AutoNation, Inc.                                                                          | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    594000 | PA      | $582526.19    | 0.06%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                 | Flagstar Mortgage Trust, Series 2021-6INV, Class A18                                      | CUSIP: 33851GAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87621 | PA      | $70891.01     | 0.01%             | 2051-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream, Inc.                                      | DT Midstream, Inc.                                                                        | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $918958.50    | 0.09%             | 2032-04-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                   | OneMain Finance Corp.                                                                     | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    885000 | PA      | $868034.55    | 0.09%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-98, Class IN                                                            | CUSIP: 38382TM27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1353220 | PA      | $239866.81    | 0.02%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2022-185, Class DI                                                           | CUSIP: 38381HVY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2462474 | PA      | $178763.53    | 0.02%             | 2065-10-16      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                        | CVS Health Corp.                                                                          | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    106632 | NS      | $7113420.72   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BBCMS Mortgage Trust                                    | BBCMS Mortgage Trust, Series 2022-C16, Class D                                            | CUSIP: 05552YAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1375000 | PA      | $843199.78    | 0.08%             | 2055-06-15      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                              | AT&T, Inc.                                                                                | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1344000 | PA      | $899575.23    | 0.09%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XLG93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4691933 | PA      | $3937968.40   | 0.39%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2021-122, Class HS                                                           | CUSIP: 38382WBD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2295788 | PA      | $313514.68    | 0.03%             | 2051-07-20      | Floating      | 1.87%                 | No            |                  2 | On Loan: No      |
| Dell Technologies, Inc.                                 | Dell Technologies, Inc., Class C                                                          | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     71349 | NS      | $6546984.24   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                           | Entergy Corp.                                                                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     89578 | NS      | $7450202.26   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWKU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    679533 | PA      | $666148.20    | 0.07%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                | U.S. Treasury Notes                                                                       | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    875000 | PA      | $879033.21    | 0.09%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5357, Class OE                                                       | CUSIP: 3137HAXR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    601900 | PA      | $504171.70    | 0.05%             | 2053-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                    | Banco BTG Pactual SA                                                                      | CUSIP: 05971AAG6<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |   1050000 | PA      | $1030807.05   | 0.10%             | 2026-01-11      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                | Benchmark Mortgage Trust, Series 2018-B1, Class C                                         | CUSIP: 08162PBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1055000 | PA      | $912749.29    | 0.09%             | 2051-01-15      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2021-3A, Class E                              | CUSIP: 30166AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    855000 | PA      | $833172.19    | 0.08%             | 2028-12-15      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC STACR REMIC Trust, Series 2021-HQA4, Class B2                                       | CUSIP: 35564KPP8<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1505000 | PA      | $1587086.16   | 0.16%             | 2041-12-25      | Floating      | 11.35%                | Yes           |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                   | Lockheed Martin Corp.                                                                     | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     10455 | NS      | $4994876.25   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Operations Co. LLC                               | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    580000 | PA      | $600751.97    | 0.06%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                          | Morgan Stanley Capital I Trust, Series 2015-420, Class A                                  | CUSIP: 61765BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1067282 | PA      | $1079653.39   | 0.11%             | 2050-10-12      | Variable      | 7.98%                 | Yes           |                  2 | On Loan: No      |
| FNMA Connecticut Avenue Securities                      | FNMA Connecticut Avenue Securities, Series 2021-R02, Class 2B2                            | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    880000 | PA      | $918043.54    | 0.09%             | 2041-11-25      | Floating      | 10.55%                | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class D                           | CUSIP: 95001FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1240000 | PA      | $1075734.10   | 0.11%             | 2060-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 3140XPP78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    936153 | PA      | $896179.09    | 0.09%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vail Resorts, Inc.                                      | Vail Resorts, Inc.                                                                        | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     20131 | NS      | $2802235.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines, Inc.                                                                   | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $824417.64    | 0.08%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                         | Virginia Electric and Power Co.                                                           | CUSIP: 927804GF5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $635254.16    | 0.06%             | 2051-11-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                                 | Texas Instruments, Inc.                                                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     42888 | NS      | $6864224.40   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                    | GNMA, Series 2023-38, Class WT                                                            | CUSIP: 38383WJT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    582846 | PA      | $615295.81    | 0.06%             | 2051-12-20      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                     | Iron Mountain, Inc.                                                                       | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     74773 | NS      | $6704894.91   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Credit Co. LLC                               | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    660000 | PA      | $666428.57    | 0.07%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                   | FHLMC, REMIC, Series 5040                                                                 | CUSIP: 3137F6PH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    982280 | PA      | $185352.30    | 0.02%             | 2050-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                                        | Salesforce, Inc.                                                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     32623 | NS      | $8766126.33   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DSXM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2095393 | PA      | $1959729.08   | 0.20%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dell International LLC                                  | Dell International LLC                                                                    | CUSIP: 24703DBF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2090000 | PA      | $1499312.18   | 0.15%             | 2041-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                     | Hilcorp Energy I LP                                                                       | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1132925.06   | 0.11%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 31418EPD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    378288 | PA      | $378500.12    | 0.04%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO 3 LLC                           | Ares Direct Lending CLO 3 LLC, Series 2024-3A, Class A2                                   | CUSIP: 039945AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    450000 | PA      | $445819.95    | 0.04%             | 2037-01-20      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                              | UMBS Pool, 30 Year                                                                        | CUSIP: 3132DWJN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    841583 | PA      | $867791.28    | 0.09%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP               | XPLR Infrastructure Operating Partners LP                                                 | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    614000 | PA      | $580498.13    | 0.06%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                          | BNP Paribas SA                                                                            | CUSIP: 05565AB28<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1450000 | PA      | $1370198.53   | 0.14%             | 2027-01-12      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | UMBS, 30 Year                                                                             | CUSIP: 31418EKU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2595863 | PA      | $2553599.87   | 0.26%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lazard, Inc.                                            | Lazard, Inc.                                                                              | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |    115012 | NS      | $4473966.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Credit Co. LLC                               | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1006940.79   | 0.10%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Perenti Finance Pty. Ltd.                               | Perenti Finance Pty. Ltd.                                                                 | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |    665000 | PA      | $689937.50    | 0.07%             | 2029-04-26      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                    | FNMA, REMIC, Series 2023-24, Class OQ                                                     | CUSIP: 3136BP5A5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    993350 | PA      | $813922.20    | 0.08%             | 2054-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Linde plc                                               | Linde plc                                                                                 | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |     14214 | NS      | $6442211.22   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | U.S. Treasury 5 Year Notes                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       454 | NC      | $978327.49    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                                      | Best Buy Co., Inc.                                                                        | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     50955 | NS      | $3398188.95   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** NEW YORK LIFE INVESTMENTS FUNDS

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer