# EDGAR Filing Document

**Accession Number:** 0000925723
**File Stem:** 0001145549-23-002487
**Filing Date:** 2023-1
**Character Count:** 184790
**Document Hash:** 03d3d99d0ed857fdc6905d265b6e238d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002487.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002487

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Institutional Trust
- **CENTRAL INDEX KEY:** 0000925723
- **IRS NUMBER:** 251737663
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07193
- **FILM NUMBER:** 23547900

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19940621

## Series and Classes Contracts Data

### Federated Hermes Short-Intermediate Total Return Bond Fund (Series ID: S000009741)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000026764 | Service Shares       | FGCSX           |
| C000026765 | Institutional Shares | FGCIX           |
| C000136800 | Class A Shares       | FGCAX           |
| C000136801 | Class R6 Shares      | SRBRX           |

## Nport-Ex

Federated Hermes Short-Intermediate Total Return Bond Fund

Portfolio of Investments

November 30, 2022 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | U.S. TREASURIES—49.5% |  |
|  | **U.S. Treasury Notes—49.5%** |  |
| $2500000 | United States Treasury Notes, 0.125%, 12/15/2023 | $2383915 |
| &nbsp;&nbsp; 15000000 | United States Treasury Notes, 0.250%, 5/15/2024 | &nbsp;&nbsp; 14087647 |
| &nbsp;&nbsp; 10000000 | United States Treasury Notes, 0.250%, 6/15/2024 | &nbsp;&nbsp; 9362726 |
| &nbsp;&nbsp; 23500000 | United States Treasury Notes, 0.250%, 5/31/2025 | &nbsp;&nbsp; 21326558 |
| &nbsp;&nbsp; 65000000 | United States Treasury Notes, 0.250%, 6/30/2025 | &nbsp;&nbsp; 58946407 |
| &nbsp;&nbsp; 52500000 | United States Treasury Notes, 0.250%, 7/31/2025 | &nbsp;&nbsp; 47431251 |
| &nbsp;&nbsp; 27500000 | United States Treasury Notes, 0.250%, 8/31/2025 | &nbsp;&nbsp; 24751776 |
| &nbsp;&nbsp; 27500000 | United States Treasury Notes, 0.250%, 9/30/2025 | &nbsp;&nbsp; 24750225 |
| &nbsp;&nbsp; 10000000 | United States Treasury Notes, 0.250%, 10/31/2025 | &nbsp;&nbsp; 8965625 |
| &nbsp;&nbsp; 15000000 | United States Treasury Notes, 0.375%, 4/30/2025 | &nbsp;&nbsp; 13695763 |
| &nbsp;&nbsp; 7500000 | United States Treasury Notes, 0.375%, 11/30/2025 | &nbsp;&nbsp; 6725435 |
| &nbsp;&nbsp; 22750000 | United States Treasury Notes, 0.375%, 1/31/2026 | &nbsp;&nbsp; 20295630 |
| &nbsp;&nbsp; 12500000 | United States Treasury Notes, 0.500%, 3/31/2025 | &nbsp;&nbsp; 11485443 |
| &nbsp;&nbsp; 30000000 | United States Treasury Notes, 0.625%, 10/15/2024 | &nbsp;&nbsp; 27986040 |
| &nbsp;&nbsp; 30000000 | United States Treasury Notes, 0.625%, 7/31/2026 | &nbsp;&nbsp; 26597130 |
| &nbsp;&nbsp; 15000000 | United States Treasury Notes, 0.750%, 5/31/2026 | &nbsp;&nbsp; 13417926 |
| &nbsp;&nbsp; 12500000 | United States Treasury Notes, 0.750%, 8/31/2026 | &nbsp;&nbsp; 11110461 |
| &nbsp;&nbsp; 10000000 | United States Treasury Notes, 0.875%, 6/30/2026 | &nbsp;&nbsp; 8968863 |
| &nbsp;&nbsp; 10000000 | United States Treasury Notes, 1.125%, 2/28/2025 | &nbsp;&nbsp; 9332089 |
| &nbsp;&nbsp; 18000000 | United States Treasury Notes, 1.375%, 1/31/2025 | &nbsp;&nbsp; 16925854 |
| &nbsp;&nbsp; 50000000 | United States Treasury Notes, 1.500%, 2/29/2024 | &nbsp;&nbsp; 48115990 |
| &nbsp;&nbsp; 17000000 | United States Treasury Notes, 1.750%, 6/30/2024 | &nbsp;&nbsp; 16287013 |
| &nbsp;&nbsp; 7500000 | United States Treasury Notes, 1.750%, 7/31/2024 | &nbsp;&nbsp; 7168671 |
| &nbsp;&nbsp; 20000000 | United States Treasury Notes, 1.875%, 2/28/2027 | &nbsp;&nbsp; 18436236 |
| &nbsp;&nbsp; 9500000 | United States Treasury Notes, 2.000%, 5/31/2024 | &nbsp;&nbsp; 9145480 |
| &nbsp;&nbsp; 10000000<br><sup>1</sup> <br>| United States Treasury Notes, 2.125%, 3/31/2024 | &nbsp;&nbsp; 9679015 |
| &nbsp;&nbsp; 7500000 | United States Treasury Notes, 2.500%, 1/31/2024 | &nbsp;&nbsp; 7315658 |
| &nbsp;&nbsp; 425000 | United States Treasury Notes, 2.625%, 4/15/2025 | &nbsp;&nbsp; 409596 |
| &nbsp;&nbsp; 7250000<br><sup>1</sup> <br>| United States Treasury Notes, 2.750%, 8/31/2023 | &nbsp;&nbsp; 7145847 |
| &nbsp;&nbsp; 31150000 | United States Treasury Notes, 2.750%, 4/30/2027 | &nbsp;&nbsp; 29741241 |
| &nbsp;&nbsp; 5000000 | United States Treasury Notes, 2.750%, 7/31/2027 | &nbsp;&nbsp; 4768806 |
| &nbsp;&nbsp; 8000000 | United States Treasury Notes, 2.875%, 11/30/2023 | &nbsp;&nbsp; 7852928 |
| &nbsp;&nbsp; 62500000 | United States Treasury Notes, 3.125%, 8/31/2027 | &nbsp;&nbsp; 60645687 |
| &nbsp;&nbsp; 3000000 | United States Treasury Notes, 3.500%, 9/15/2025 | &nbsp;&nbsp; 2953108 |
| &nbsp;&nbsp; 32000000 | United States Treasury Notes, 4.125%, 9/30/2027 | &nbsp;&nbsp; 32420061 |
| &nbsp;&nbsp; 25000000 | United States Treasury Notes, 4.250%, 9/30/2024 | &nbsp;&nbsp; 24930650 |
| &nbsp;&nbsp; 20000000 | United States Treasury Notes, 4.250%, 10/15/2025 | &nbsp;&nbsp; 20079458 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURIES <br>(IDENTIFIED COST $730,652,774)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 685642209 |
|  | CORPORATE BONDS—26.9% |  |
|  | **Basic Industry - Metals & Mining—0.2%** |  |
| &nbsp;&nbsp; 2493000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 9/1/2025 | &nbsp;&nbsp; 2259018 |
| &nbsp;&nbsp; 425000 | Reliance Steel & Aluminum Co., Sr. Unsecd. Note, 4.500%, 4/15/2023 | &nbsp;&nbsp; 423998 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2683016 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Capital Goods - Aerospace & Defense—1.2%** |  |
| $1000000 | Boeing Co., Sr. Unsecd. Note, 1.875%, 6/15/2023 | $981956 |
| &nbsp;&nbsp; 1705000 | Boeing Co., Sr. Unsecd. Note, 1.950%, 2/1/2024 | &nbsp;&nbsp; 1641028 |
| &nbsp;&nbsp; 2000000 | Boeing Co., Sr. Unsecd. Note, 2.196%, 2/4/2026 | &nbsp;&nbsp; 1818917 |
| &nbsp;&nbsp; 2000000 | Boeing Co., Sr. Unsecd. Note, 4.508%, 5/1/2023 | &nbsp;&nbsp; 1992978 |
| &nbsp;&nbsp; 2480000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 0.670%, 8/16/2023 | &nbsp;&nbsp; 2400973 |
| &nbsp;&nbsp; 1000000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 2.950%, 5/15/2023 | &nbsp;&nbsp; 989725 |
| &nbsp;&nbsp; 905000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 3.625%, 5/15/2025 | &nbsp;&nbsp; 872962 |
| &nbsp;&nbsp; 1500000 | Northrop Grumman Corp., Sr. Unsecd. Note, 2.930%, 1/15/2025 | &nbsp;&nbsp; 1443264 |
| &nbsp;&nbsp; 5000000 | Teledyne Technologies, Inc., Sr. Unsecd. Note, 1.600%, 4/1/2026 | &nbsp;&nbsp; 4452286 |
| &nbsp;&nbsp; 40000<br><sup>2</sup> <br>| Textron Financial Corp., Jr. Sub. Note, 144A, 6.341% (3-month USLIBOR +1.735%), 2/15/2042 | &nbsp;&nbsp; 28079 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16622168 |
|  | **Capital Goods - Building Materials—0.1%** |  |
| &nbsp;&nbsp; 1500000 | Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.200%, 10/1/2024 | &nbsp;&nbsp; 1446586 |
|  | **Capital Goods - Construction Machinery—0.8%** |  |
| &nbsp;&nbsp; 2000000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.450%, 7/15/2026 | &nbsp;&nbsp; 1760357 |
| &nbsp;&nbsp; 2000000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.875%, 1/15/2026 | &nbsp;&nbsp; 1812241 |
| &nbsp;&nbsp; 1575000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.950%, 7/2/2023 | &nbsp;&nbsp; 1544032 |
| &nbsp;&nbsp; 560000<br><sup>3</sup> <br>| Deere & Co., Sr. Unsecd. Note, 2.750%, 4/15/2025 | &nbsp;&nbsp; 538909 |
| &nbsp;&nbsp; 5385000 | Weir Group PLC/The, Sr. Unsecd. Note, 144A, 2.200%, 5/13/2026 | &nbsp;&nbsp; 4763374 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10418913 |
|  | **Capital Goods - Diversified Manufacturing—0.6%** |  |
| &nbsp;&nbsp; 415000 | Lennox International, Inc., Sr. Unsecd. Note, 3.000%, 11/15/2023 | &nbsp;&nbsp; 406757 |
| &nbsp;&nbsp; 3410000 | Roper Technologies, Inc., Sr. Unsecd. Note, 1.000%, 9/15/2025 | &nbsp;&nbsp; 3069989 |
| &nbsp;&nbsp; 2000000 | Roper Technologies, Inc., Sr. Unsecd. Note, 3.650%, 9/15/2023 | &nbsp;&nbsp; 1976452 |
| &nbsp;&nbsp; 3335000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 1.800%, 4/1/2026 | &nbsp;&nbsp; 2818075 |
| &nbsp;&nbsp; 790000 | Wabtec Corp., Sr. Unsecd. Note, 3.200%, 6/15/2025 | &nbsp;&nbsp; 742116 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9013389 |
|  | **Communications - Cable & Satellite—0.2%** |  |
| &nbsp;&nbsp; 2000000 | Comcast Corp., Sr. Unsecd. Note, 3.700%, 4/15/2024 | &nbsp;&nbsp; 1972352 |
| &nbsp;&nbsp; 590000 | Comcast Corp., Sr. Unsecd. Note, 5.350%, 11/15/2027 | &nbsp;&nbsp; 608230 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2580582 |
|  | **Communications - Media & Entertainment—0.5%** |  |
| &nbsp;&nbsp; 5000000 | Netflix, Inc., Sr. Unsecd. Note, 4.375%, 11/15/2026 | &nbsp;&nbsp; 4833737 |
| &nbsp;&nbsp; 444000 | Paramount Global, Sr. Unsecd. Note, 4.750%, 5/15/2025 | &nbsp;&nbsp; 440219 |
| &nbsp;&nbsp; 1000000 | Walt Disney Co., Sr. Unsecd. Note, 1.750%, 1/13/2026 | &nbsp;&nbsp; 919908 |
| &nbsp;&nbsp; 195000 | Walt Disney Co., Sr. Unsecd. Note, 4.000%, 10/1/2023 | &nbsp;&nbsp; 193081 |
| &nbsp;&nbsp; 750000 | Walt Disney Co., Sr. Unsecd. Note, Series MTN, 1.850%, 7/30/2026 | &nbsp;&nbsp; 682615 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7069560 |
|  | **Communications - Telecom Wireless—0.9%** |  |
| &nbsp;&nbsp; 1055000 | American Tower Corp., Sr. Unsecd. Note, 2.400%, 3/15/2025 | &nbsp;&nbsp; 993465 |
| &nbsp;&nbsp; 1000000 | American Tower Corp., Sr. Unsecd. Note, 3.375%, 5/15/2024 | &nbsp;&nbsp; 974441 |
| &nbsp;&nbsp; 2500000 | Bell Canada, Sr. Unsecd. Note, Series US-3, 0.750%, 3/17/2024 | &nbsp;&nbsp; 2369893 |
| &nbsp;&nbsp; 1000000 | Crown Castle, Inc., 3.150%, 7/15/2023 | &nbsp;&nbsp; 988614 |
| &nbsp;&nbsp; 1000000 | Crown Castle, Inc., Sr. Unsecd. Note, 3.200%, 9/1/2024 | &nbsp;&nbsp; 970678 |
| &nbsp;&nbsp; 3500000 | T-Mobile USA, Inc., Series WI, 1.500%, 2/15/2026 | &nbsp;&nbsp; 3137358 |
| &nbsp;&nbsp; 1000000 | T-Mobile USA, Inc., Series WI, 3.500%, 4/15/2025 | &nbsp;&nbsp; 968690 |
| &nbsp;&nbsp; 2000000<br><sup>2</sup> <br>| Vodafone Group PLC, Sr. Unsecd. Note, 5.069% (3-month USLIBOR +0.990%), 1/16/2024 | &nbsp;&nbsp; 1999361 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12402500 |
|  | **Communications - Telecom Wirelines—0.5%** |  |
| &nbsp;&nbsp; 5100000 | Rogers Communications, Inc., Sr. Unsecd. Note, 144A, 3.200%, 3/15/2027 | &nbsp;&nbsp; 4761803 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Communications - Telecom Wirelines—continued** |  |
| $2071000 | Verizon Communications, Inc., Sr. Unsecd. Note, 0.850%, 11/20/2025 | $1859452 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6621255 |
|  | **Consumer Cyclical - Automotive—1.5%** |  |
| &nbsp;&nbsp; 2510000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.000%, 12/14/2026 | &nbsp;&nbsp; 2203124 |
| &nbsp;&nbsp; 550000 | General Motors Co., Sr. Unsecd. Note, 6.125%, 10/1/2025 | &nbsp;&nbsp; 557578 |
| &nbsp;&nbsp; 1000000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 1.700%, 8/18/2023 | &nbsp;&nbsp; 973660 |
| &nbsp;&nbsp; 400000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 4.150%, 6/19/2023 | &nbsp;&nbsp; 397378 |
| &nbsp;&nbsp; 5175000 | Mercedes-Benz NA LLC, Sr. Unsub., 144A, 1.450%, 3/2/2026 | &nbsp;&nbsp; 4626949 |
| &nbsp;&nbsp; 4000000<br><sup>3</sup> <br>| Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 5.625%, 1/12/2028 | &nbsp;&nbsp; 3987114 |
| &nbsp;&nbsp; 3000000 | Stellantis N.V., Sr. Unsecd. Note, 5.250%, 4/15/2023 | &nbsp;&nbsp; 2992245 |
| &nbsp;&nbsp; 4000000 | Volkswagen Group of America Finance LLC, Sr. Unsecd. Note, 144A, 1.250%, 11/24/2025 | &nbsp;&nbsp; 3582910 |
| &nbsp;&nbsp; 1000000 | Volkswagen Group of America Finance LLC, Sr. Unsecd. Note, 144A, 3.350%, 5/13/2025 | &nbsp;&nbsp; 958251 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20279209 |
|  | **Consumer Cyclical - Retailers—0.0%** |  |
| &nbsp;&nbsp; 500000 | CVS Health Corp., Sr. Unsecd. Note, 2.625%, 8/15/2024 | &nbsp;&nbsp; 483214 |
|  | **Consumer Non-Cyclical - Food/Beverage—1.3%** |  |
| &nbsp;&nbsp; 2000000<br><sup>2</sup> <br>| Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, Series 5FRN, 4.659% (3-month USLIBOR +0.740%), 1/12/2024 | &nbsp;&nbsp; 1997393 |
| &nbsp;&nbsp; 4725000 | International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 1.230%, 10/1/2025 | &nbsp;&nbsp; 4179923 |
| &nbsp;&nbsp; 1400000 | JDE Peet's B.V., Sr. Unsecd. Note, 144A, 0.800%, 9/24/2024 | &nbsp;&nbsp; 1277161 |
| &nbsp;&nbsp; 9100000 | Kerry Group Financial Services, Sr. Unsecd. Note, 144A, 3.200%, 4/9/2023 | &nbsp;&nbsp; 9031957 |
| &nbsp;&nbsp; 1000000 | McCormick & Co., Inc., Sr. Unsecd. Note, 3.150%, 8/15/2024 | &nbsp;&nbsp; 968652 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17455086 |
|  | **Consumer Non-Cyclical - Health Care—0.7%** |  |
| &nbsp;&nbsp; 4000000 | Becton Dickinson & Co., Sr. Unsecd. Note, 3.363%, 6/6/2024 | &nbsp;&nbsp; 3908556 |
| &nbsp;&nbsp; 3000000 | GE Healthcare Holding LLC, Sr. Unsecd. Note, 144A, 5.650%, 11/15/2027 | &nbsp;&nbsp; 3061099 |
| &nbsp;&nbsp; 2215000 | PerkinElmer, Inc., Sr. Unsecd. Note, 0.850%, 9/15/2024 | &nbsp;&nbsp; 2048035 |
| &nbsp;&nbsp; 1225000 | Stryker Corp., Sr. Unsecd. Note, 0.600%, 12/1/2023 | &nbsp;&nbsp; 1170361 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10188051 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—1.0%** |  |
| &nbsp;&nbsp; 3720000 | Abbott Laboratories, Sr. Unsecd. Note, 3.400%, 11/30/2023 | &nbsp;&nbsp; 3666851 |
| &nbsp;&nbsp; 1000000 | AbbVie, Inc., Sr. Unsecd. Note, 2.850%, 5/14/2023 | &nbsp;&nbsp; 990274 |
| &nbsp;&nbsp; 2000000 | AbbVie, Inc., Sr. Unsecd. Note, 3.600%, 5/14/2025 | &nbsp;&nbsp; 1946414 |
| &nbsp;&nbsp; 2500000 | AbbVie, Inc., Sr. Unsecd. Note, 3.800%, 3/15/2025 | &nbsp;&nbsp; 2447531 |
| &nbsp;&nbsp; 1000000 | Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 3.875%, 12/15/2023 | &nbsp;&nbsp; 984271 |
| &nbsp;&nbsp; 246000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 2.900%, 7/26/2024 | &nbsp;&nbsp; 239365 |
| &nbsp;&nbsp; 962000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 3.250%, 2/20/2023 | &nbsp;&nbsp; 959552 |
| &nbsp;&nbsp; 1500000 | Merck & Co., Inc., Sr. Unsecd. Note, 0.750%, 2/24/2026 | &nbsp;&nbsp; 1343703 |
| &nbsp;&nbsp; 1800000 | Shire Acquisitions Investments Ireland DAC, Sr. Unsecd. Note, 2.875%, 9/23/2023 | &nbsp;&nbsp; 1766142 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14344103 |
|  | **Consumer Non-Cyclical - Tobacco—0.4%** |  |
| &nbsp;&nbsp; 365000 | Altria Group, Inc., Sr. Unsecd. Note, 3.800%, 2/14/2024 | &nbsp;&nbsp; 358920 |
| &nbsp;&nbsp; 750000 | BAT Capital Corp., Sr. Unsecd. Note, 2.789%, 9/6/2024 | &nbsp;&nbsp; 717462 |
| &nbsp;&nbsp; 1000000 | BAT Capital Corp., Sr. Unsecd. Note, 3.222%, 8/15/2024 | &nbsp;&nbsp; 964817 |
| &nbsp;&nbsp; 1400000 | BAT International Finance PLC, Sr. Unsecd. Note, 1.668%, 3/25/2026 | &nbsp;&nbsp; 1241576 |
| &nbsp;&nbsp; 1000000 | Philip Morris International, Inc., Sr. Unsecd. Note, 1.500%, 5/1/2025 | &nbsp;&nbsp; 925809 |
| &nbsp;&nbsp; 2000000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.125%, 11/17/2027 | &nbsp;&nbsp; 2005245 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6213829 |
|  | **Energy - Independent—0.1%** |  |
| &nbsp;&nbsp; 840000 | Canadian Natural Resources Ltd., Sr. Unsecd. Note, 2.950%, 1/15/2023 | &nbsp;&nbsp; 839320 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Integrated—0.0%** |  |
| $500000 | Chevron Corp., Sr. Unsecd. Note, 1.141%, 5/11/2023 | $492610 |
|  | **Energy - Midstream—0.7%** |  |
| &nbsp;&nbsp; 255000 | Eastern Energy Gas Holdings, Sr. Unsecd. Note, Series A, 2.500%, 11/15/2024 | &nbsp;&nbsp; 242507 |
| &nbsp;&nbsp; 500000 | Energy Transfer Operating, Sr. Unsecd. Note, 2.900%, 5/15/2025 | &nbsp;&nbsp; 471975 |
| &nbsp;&nbsp; 150000 | Energy Transfer Partners LP, Sr. Unsecd. Note, 4.900%, 2/1/2024 | &nbsp;&nbsp; 149138 |
| &nbsp;&nbsp; 1000000 | Enterprise Products Operating LLC, 3.900%, 2/15/2024 | &nbsp;&nbsp; 983646 |
| &nbsp;&nbsp; 2437000 | Enterprise Products Operating LLC, Sr. Unsecd. Note, 3.350%, 3/15/2023 | &nbsp;&nbsp; 2425893 |
| &nbsp;&nbsp; 2000000 | Kinder Morgan Energy Partners LP, Sr. Unsecd. Note, 4.150%, 2/1/2024 | &nbsp;&nbsp; 1974465 |
| &nbsp;&nbsp; 500000 | Kinder Morgan Energy Partners LP, Sr. Unsecd. Note, 4.300%, 5/1/2024 | &nbsp;&nbsp; 493658 |
| &nbsp;&nbsp; 1165000 | MPLX LP, Sr. Unsecd. Note, 1.750%, 3/1/2026 | &nbsp;&nbsp; 1040393 |
| &nbsp;&nbsp; 2000000 | ONEOK Partners LP, Sr. Unsecd. Note, 4.900%, 3/15/2025 | &nbsp;&nbsp; 1980604 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9762279 |
|  | **Energy - Oil Field Services—0.1%** |  |
| &nbsp;&nbsp; 2000000 | Sunoco Logistics Partners LP, Sr. Unsecd. Note, 3.900%, 7/15/2026 | &nbsp;&nbsp; 1888700 |
|  | **Energy - Refining—0.6%** |  |
| &nbsp;&nbsp; 2000000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.700%, 5/1/2025 | &nbsp;&nbsp; 1984424 |
| &nbsp;&nbsp; 1845000 | Phillips 66, Sr. Unsecd. Note, 1.300%, 2/15/2026 | &nbsp;&nbsp; 1657375 |
| &nbsp;&nbsp; 2000000 | Valero Energy Corp., Sr. Unsecd. Note, 1.200%, 3/15/2024 | &nbsp;&nbsp; 1898331 |
| &nbsp;&nbsp; 2270000 | Valero Energy Corp., Sr. Unsecd. Note, 2.850%, 4/15/2025 | &nbsp;&nbsp; 2162055 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7702185 |
|  | **Financial Institution - Banking—6.7%** |  |
| &nbsp;&nbsp; 143000 | American Express Co., Sr. Unsecd. Note, 2.650%, 12/2/2022 | &nbsp;&nbsp; 143000 |
| &nbsp;&nbsp; 1000000 | American Express Co., Sr. Unsecd. Note, 3.400%, 2/22/2024 | &nbsp;&nbsp; 984175 |
| &nbsp;&nbsp; 910000 | American Express Co., Sr. Unsecd. Note, 5.850%, 11/5/2027 | &nbsp;&nbsp; 945371 |
| &nbsp;&nbsp; 1000000 | Associated Banc-Corp., Sub. Note, 4.250%, 1/15/2025 | &nbsp;&nbsp; 974689 |
| &nbsp;&nbsp; 1000000 | Bank of America Corp., 3.550%, 3/5/2024 | &nbsp;&nbsp; 995059 |
| &nbsp;&nbsp; 539000 | Bank of America Corp., Sr. Unsecd. Note, 3.004%, 12/20/2023 | &nbsp;&nbsp; 538376 |
| &nbsp;&nbsp; 2000000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 0.981%, 9/25/2025 | &nbsp;&nbsp; 1833158 |
| &nbsp;&nbsp; 2000000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 1.197%, 10/24/2026 | &nbsp;&nbsp; 1776294 |
| &nbsp;&nbsp; 1000000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 1.319%, 6/19/2026 | &nbsp;&nbsp; 902667 |
| &nbsp;&nbsp; 3500000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 2.456%, 10/22/2025 | &nbsp;&nbsp; 3295328 |
| &nbsp;&nbsp; 1500000<br><sup>2</sup> <br>| Bank of America Corp., Sr. Unsecd. Note, Series MTN, 3.948% (3-month USLIBOR +0.790%), 3/5/2024 | &nbsp;&nbsp; 1498076 |
| &nbsp;&nbsp; 1500000 | Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025 | &nbsp;&nbsp; 1471310 |
| &nbsp;&nbsp; 3000000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 1.600%, 4/24/2025 | &nbsp;&nbsp; 2787862 |
| &nbsp;&nbsp; 1000000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 2.200%, 8/16/2023 | &nbsp;&nbsp; 982261 |
| &nbsp;&nbsp; 1200000 | Capital One Bank, Sub. Note, 3.375%, 2/15/2023 | &nbsp;&nbsp; 1196067 |
| &nbsp;&nbsp; 2000000 | Citigroup, Inc., Sr. Unsecd. Note, 1.462%, 6/9/2027 | &nbsp;&nbsp; 1741991 |
| &nbsp;&nbsp; 2500000 | Citigroup, Inc., Sr. Unsecd. Note, 1.678%, 5/15/2024 | &nbsp;&nbsp; 2457765 |
| &nbsp;&nbsp; 1855000 | Citigroup, Inc., Sr. Unsecd. Note, 3.352%, 4/24/2025 | &nbsp;&nbsp; 1794425 |
| &nbsp;&nbsp; 4290000<br><sup>2</sup> <br>| Citigroup, Inc., Sr. Unsecd. Note, 5.749% (3-month USLIBOR +1.100%), 5/17/2024 | &nbsp;&nbsp; 4294639 |
| &nbsp;&nbsp; 2000000 | Citizens Bank, N.A., Providence, Sr. Unsecd. Note, 6.064%, 10/24/2025 | &nbsp;&nbsp; 2023329 |
| &nbsp;&nbsp; 500000 | Citizens Bank, N.A., Providence, Sr. Unsecd. Note, Series BKNT, 2.250%, 4/28/2025 | &nbsp;&nbsp; 465757 |
| &nbsp;&nbsp; 500000 | Fifth Third Bancorp, Sr. Unsecd. Note, 2.375%, 1/28/2025 | &nbsp;&nbsp; 472364 |
| &nbsp;&nbsp; 655000 | Fifth Third Bancorp, Sr. Unsecd. Note, 3.650%, 1/25/2024 | &nbsp;&nbsp; 644919 |
| &nbsp;&nbsp; 2000000 | Fifth Third Bancorp, Sr. Unsecd. Note, 6.361%, 10/27/2028 | &nbsp;&nbsp; 2072252 |
| &nbsp;&nbsp; 1505000 | FNB Corp. (PA), Sr. Unsecd. Note, 2.200%, 2/24/2023 | &nbsp;&nbsp; 1494439 |
| &nbsp;&nbsp; 1990000 | FNB Corp. (PA), Sr. Unsecd. Note, 5.150%, 8/25/2025 | &nbsp;&nbsp; 1974305 |
| &nbsp;&nbsp; 500000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.272%, 9/29/2025 | &nbsp;&nbsp; 481629 |
| &nbsp;&nbsp; 2000000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.500%, 1/23/2025 | &nbsp;&nbsp; 1945848 |
| &nbsp;&nbsp; 1000000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.500%, 11/16/2026 | &nbsp;&nbsp; 951734 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $500000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.625%, 1/22/2023 | $499162 |
| &nbsp;&nbsp; 1500000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.625%, 2/20/2024 | &nbsp;&nbsp; 1475114 |
| &nbsp;&nbsp; 2010000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.700%, 11/1/2024 | &nbsp;&nbsp; 2035083 |
| &nbsp;&nbsp; 1000000<br><sup>2</sup> <br>| Goldman Sachs Group, Inc., Sr. Unsecd. Note, Series MTN, 6.333% (3-month USLIBOR +1.600%), 11/29/2023 | &nbsp;&nbsp; 1009381 |
| &nbsp;&nbsp; 775000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, Series VAR, 1.093%, 12/9/2026 | &nbsp;&nbsp; 683071 |
| &nbsp;&nbsp; 1000000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 2.625%, 8/6/2024 | &nbsp;&nbsp; 958174 |
| &nbsp;&nbsp; 1000000 | Huntington National Bank, Sr. Unsecd. Note, Series BKNT, 3.550%, 10/6/2023 | &nbsp;&nbsp; 987865 |
| &nbsp;&nbsp; 2000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 1.045%, 11/19/2026 | &nbsp;&nbsp; 1765213 |
| &nbsp;&nbsp; 3000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.005%, 3/13/2026 | &nbsp;&nbsp; 2789020 |
| &nbsp;&nbsp; 2000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.700%, 5/18/2023 | &nbsp;&nbsp; 1982430 |
| &nbsp;&nbsp; 2000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.125%, 1/23/2025 | &nbsp;&nbsp; 1944082 |
| &nbsp;&nbsp; 200000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.200%, 1/25/2023 | &nbsp;&nbsp; 199620 |
| &nbsp;&nbsp; 2500000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.559%, 4/23/2024 | &nbsp;&nbsp; 2482805 |
| &nbsp;&nbsp; 1000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.625%, 5/13/2024 | &nbsp;&nbsp; 984427 |
| &nbsp;&nbsp; 725000 | JPMorgan Chase & Co., Sub. Note, 3.375%, 5/1/2023 | &nbsp;&nbsp; 720303 |
| &nbsp;&nbsp; 5500000 | Morgan Stanley, Sr. Unsecd. Note, 0.985%, 12/10/2026 | &nbsp;&nbsp; 4826020 |
| &nbsp;&nbsp; 2000000 | Morgan Stanley, Sr. Unsecd. Note, Series I, 0.864%, 10/21/2025 | &nbsp;&nbsp; 1826218 |
| &nbsp;&nbsp; 2000000 | Morgan Stanley, Sr. Unsecd. Note, Series MTN, 2.720%, 7/22/2025 | &nbsp;&nbsp; 1909026 |
| &nbsp;&nbsp; 500000 | Morgan Stanley, Sub. Note, Series MTN, 4.100%, 5/22/2023 | &nbsp;&nbsp; 498406 |
| &nbsp;&nbsp; 3000000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 2.200%, 11/1/2024 | &nbsp;&nbsp; 2857254 |
| &nbsp;&nbsp; 1000000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 3.500%, 1/23/2024 | &nbsp;&nbsp; 984924 |
| &nbsp;&nbsp; 1500000 | PNC Financial Services Group, Sr. Unsecd. Note, 5.671%, 10/28/2025 | &nbsp;&nbsp; 1512839 |
| &nbsp;&nbsp; 2330000 | Regions Financial Corp., Sr. Unsecd. Note, 2.250%, 5/18/2025 | &nbsp;&nbsp; 2182407 |
| &nbsp;&nbsp; 1250000 | Truist Bank, Sr. Unsecd. Note, Series BKNT, 1.500%, 3/10/2025 | &nbsp;&nbsp; 1158931 |
| &nbsp;&nbsp; 2500000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.200%, 8/5/2025 | &nbsp;&nbsp; 2270529 |
| &nbsp;&nbsp; 2500000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.267%, 3/2/2027 | &nbsp;&nbsp; 2218589 |
| &nbsp;&nbsp; 2520000 | US Bancorp, Sr. Unsecd. Note, 1.450%, 5/12/2025 | &nbsp;&nbsp; 2341265 |
| &nbsp;&nbsp; 2500000 | US Bancorp, Sr. Unsecd. Note, 2.400%, 7/30/2024 | &nbsp;&nbsp; 2414121 |
| &nbsp;&nbsp; 1000000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 3.000%, 2/19/2025 | &nbsp;&nbsp; 963212 |
| &nbsp;&nbsp; 1000000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 3.750%, 1/24/2024 | &nbsp;&nbsp; 986461 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92605041 |
|  | **Financial Institution - Finance Companies—0.5%** |  |
| &nbsp;&nbsp; 4435000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 1.750%, 1/30/2026 | &nbsp;&nbsp; 3914541 |
| &nbsp;&nbsp; 1665000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 2.450%, 10/29/2026 | &nbsp;&nbsp; 1464824 |
| &nbsp;&nbsp; 1455000 | Air Lease Corp., Sr. Unsecd. Note, Series MTN, 0.700%, 2/15/2024 | &nbsp;&nbsp; 1370614 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6749979 |
|  | **Financial Institution - Insurance - Health—0.7%** |  |
| &nbsp;&nbsp; 2900000 | Centene Corp., Sr. Unsecd. Note, 2.450%, 7/15/2028 | &nbsp;&nbsp; 2441737 |
| &nbsp;&nbsp; 271000 | CIGNA Corp., Sr. Unsecd. Note, 3.750%, 7/15/2023 | &nbsp;&nbsp; 269161 |
| &nbsp;&nbsp; 2000000<br><sup>2</sup> <br>| CIGNA Corp., Sr. Unsecd. Note, 4.969% (3-month USLIBOR +0.890%), 7/15/2023 | &nbsp;&nbsp; 2004533 |
| &nbsp;&nbsp; 3000000 | Elevance Health, Inc., Sr. Unsecd. Note, 1.500%, 3/15/2026 | &nbsp;&nbsp; 2701766 |
| &nbsp;&nbsp; 300000 | Elevance Health, Inc., Sr. Unsecd. Note, 5.350%, 10/15/2025 | &nbsp;&nbsp; 304469 |
| &nbsp;&nbsp; 2000000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 5.250%, 2/15/2028 | &nbsp;&nbsp; 2058522 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9780188 |
|  | **Financial Institution - Insurance - Life—1.8%** |  |
| &nbsp;&nbsp; 1000000 | AIA Group Ltd., Sr. Unsecd. Note, 144A, 3.200%, 3/11/2025 | &nbsp;&nbsp; 960794 |
| &nbsp;&nbsp; 3000000 | AIA Group Ltd., Sr. Unsecd. Note, 144A, 5.625%, 10/25/2027 | &nbsp;&nbsp; 3071543 |
| &nbsp;&nbsp; 1000000 | AIG Global Funding, Sr. Secd. Note, 144A, 0.450%, 12/8/2023 | &nbsp;&nbsp; 953720 |
| &nbsp;&nbsp; 2500000 | Met Life Global Funding I, Sec. Fac. Bond, 144A, 0.400%, 1/7/2024 | &nbsp;&nbsp; 2379427 |
| &nbsp;&nbsp; 1110000 | Met Life Global Funding I, Sec. Fac. Bond, 144A, 0.900%, 6/8/2023 | &nbsp;&nbsp; 1086201 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Insurance - Life—continued** |  |
| $4415000 | Northwestern Mutual Global, Sr. Secd. Note, 144A, 0.800%, 1/14/2026 | $3918837 |
| &nbsp;&nbsp; 2500000 | Pacific Life Global Funding II, Sec. Fac. Bond, 144A, 1.200%, 6/24/2025 | &nbsp;&nbsp; 2273666 |
| &nbsp;&nbsp; 3000000 | Pacific Life Global Funding II, Term Loan - 2nd Lien, 144A, 0.500%, 9/23/2023 | &nbsp;&nbsp; 2894161 |
| &nbsp;&nbsp; 2500000 | PRICOA Global Funding I, Sec. Fac. Bond, 144A, 0.800%, 9/1/2025 | &nbsp;&nbsp; 2239219 |
| &nbsp;&nbsp; 1000000 | PRICOA Global Funding I, Sec. Fac. Bond, 144A, 3.450%, 9/1/2023 | &nbsp;&nbsp; 989679 |
| &nbsp;&nbsp; 1035000 | Principal Life Global Funding II, Sec. Fac. Bond, 144A, 0.500%, 1/8/2024 | &nbsp;&nbsp; 984586 |
| &nbsp;&nbsp; 2000000 | Principal Life Global Funding II, Sec. Fac. Bond, 144A, 1.250%, 6/23/2025 | &nbsp;&nbsp; 1819369 |
| &nbsp;&nbsp; 1000000 | Principal Life Global Funding II, Sec. Fac. Bond, 144A, 2.250%, 11/21/2024 | &nbsp;&nbsp; 944981 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24516183 |
|  | **Financial Institution - Insurance - P&C—0.0%** |  |
| &nbsp;&nbsp; 500000 | Liberty Mutual Group, Inc., Sr. Unsecd. Note, 144A, 4.250%, 6/15/2023 | &nbsp;&nbsp; 495664 |
|  | **Financial Institution - REIT - Other—0.0%** |  |
| &nbsp;&nbsp; 300000 | WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024 | &nbsp;&nbsp; 298316 |
|  | **Technology—1.2%** |  |
| &nbsp;&nbsp; 2000000 | Apple, Inc., Sr. Unsecd. Note, 0.550%, 8/20/2025 | &nbsp;&nbsp; 1808218 |
| &nbsp;&nbsp; 1000000 | Apple, Inc., Sr. Unsecd. Note, 1.125%, 5/11/2025 | &nbsp;&nbsp; 924704 |
| &nbsp;&nbsp; 700000 | Apple, Inc., Sr. Unsecd. Note, 3.000%, 2/9/2024 | &nbsp;&nbsp; 687934 |
| &nbsp;&nbsp; 2000000 | Broadcom Corp., Sr. Unsecd. Note, Series WI, 3.625%, 1/15/2024 | &nbsp;&nbsp; 1965554 |
| &nbsp;&nbsp; 835000 | Broadcom, Inc., Sr. Unsecd. Note, 2.250%, 11/15/2023 | &nbsp;&nbsp; 810689 |
| &nbsp;&nbsp; 1000000 | Broadcom, Inc., Sr. Unsecd. Note, 3.150%, 11/15/2025 | &nbsp;&nbsp; 951993 |
| &nbsp;&nbsp; 2520000 | CDW LLC / CDW Finance, Sr. Unsecd. Note, 2.670%, 12/1/2026 | &nbsp;&nbsp; 2238225 |
| &nbsp;&nbsp; 750000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 4.000%, 7/15/2024 | &nbsp;&nbsp; 735947 |
| &nbsp;&nbsp; 2000000 | Oracle Corp., Sr. Unsecd. Note, 1.650%, 3/25/2026 | &nbsp;&nbsp; 1796185 |
| &nbsp;&nbsp; 1855000 | Oracle Corp., Sr. Unsecd. Note, 2.500%, 4/1/2025 | &nbsp;&nbsp; 1755516 |
| &nbsp;&nbsp; 560000 | Salesforce, Inc., Sr. Unsecd. Note, 3.250%, 4/11/2023 | &nbsp;&nbsp; 557182 |
| &nbsp;&nbsp; 535000 | Skyworks Solutions, Inc., Sr. Unsecd. Note, 1.800%, 6/1/2026 | &nbsp;&nbsp; 467372 |
| &nbsp;&nbsp; 2660000 | VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026 | &nbsp;&nbsp; 2340605 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17040124 |
|  | **Technology Services—0.3%** |  |
| &nbsp;&nbsp; 4130000 | Fortinet, Inc., Sr. Unsecd. Note, 1.000%, 3/15/2026 | &nbsp;&nbsp; 3636132 |
|  | **Transportation - Airlines—0.1%** |  |
| &nbsp;&nbsp; 770000 | Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025 | &nbsp;&nbsp; 774897 |
|  | **Transportation - Services—0.5%** |  |
| &nbsp;&nbsp; 5555000 | GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 1.650%, 7/15/2026 | &nbsp;&nbsp; 4763170 |
| &nbsp;&nbsp; 1735000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 1.750%, 9/1/2026 | &nbsp;&nbsp; 1541122 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6304292 |
|  | **Utility - Electric—3.0%** |  |
| &nbsp;&nbsp; 430000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 5.750%, 11/1/2027 | &nbsp;&nbsp; 441735 |
| &nbsp;&nbsp; 790000 | American Electric Power Co., Inc., Sr. Unsecd. Note, Series N, 1.000%, 11/1/2025 | &nbsp;&nbsp; 708689 |
| &nbsp;&nbsp; 3155000 | Black Hills Corp., Sr. Unsecd. Note, 1.037%, 8/23/2024 | &nbsp;&nbsp; 2938849 |
| &nbsp;&nbsp; 610000 | Dominion Energy, Inc., Jr. Sub. Note, 3.071%, 8/15/2024 | &nbsp;&nbsp; 589839 |
| &nbsp;&nbsp; 2000000 | Dominion Energy, Inc., Sr. Unsecd. Note, Series A, 3.300%, 3/15/2025 | &nbsp;&nbsp; 1924290 |
| &nbsp;&nbsp; 2000000 | Duke Energy Corp., Sr. Unsecd. Note, 3.750%, 4/15/2024 | &nbsp;&nbsp; 1969954 |
| &nbsp;&nbsp; 1915000 | Emera US Finance LP, Sr. Unsecd. Note, 0.833%, 6/15/2024 | &nbsp;&nbsp; 1775856 |
| &nbsp;&nbsp; 2665000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 1.375%, 7/12/2026 | &nbsp;&nbsp; 2309490 |
| &nbsp;&nbsp; 1000000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.650%, 9/10/2024 | &nbsp;&nbsp; 956196 |
| &nbsp;&nbsp; 1670000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 6.800%, 10/14/2025 | &nbsp;&nbsp; 1730582 |
| &nbsp;&nbsp; 5000000 | EverSource Energy, Sr. Unsecd. Note, Series Q, 0.800%, 8/15/2025 | &nbsp;&nbsp; 4462320 |
| &nbsp;&nbsp; 2180000 | Exelon Generation Co. LLC, Sr. Unsecd. Note, 3.250%, 6/1/2025 | &nbsp;&nbsp; 2094476 |
| &nbsp;&nbsp; 5000000 | Fells Point Funding Trust, Sr. Unsecd. Note, 3.046%, 1/31/2027 | &nbsp;&nbsp; 4554498 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Utility - Electric—continued** |  |
| $245000 | FirstEnergy Corp., Sr. Unsecd. Note, Series A, 1.600%, 1/15/2026 | $217030 |
| &nbsp;&nbsp; 1445000 | Florida Power & Light Co., Sec. Fac. Bond, 2.850%, 4/1/2025 | &nbsp;&nbsp; 1387885 |
| &nbsp;&nbsp; 460000 | National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 2.950%, 2/7/2024 | &nbsp;&nbsp; 449576 |
| &nbsp;&nbsp; 2500000 | National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 5.450%, 10/30/2025 | &nbsp;&nbsp; 2538907 |
| &nbsp;&nbsp; 2095000 | OGE Energy Corp., Sr. Unsecd. Note, 0.703%, 5/26/2023 | &nbsp;&nbsp; 2051513 |
| &nbsp;&nbsp; 2695000 | Oncor Electric Delivery Co. LLC, Sr. Unsecd. Note, Series WI, 0.550%, 10/1/2025 | &nbsp;&nbsp; 2396693 |
| &nbsp;&nbsp; 4080000 | Public Service Enterprises Group, Inc., Sr. Unsecd. Note, 0.800%, 8/15/2025 | &nbsp;&nbsp; 3652578 |
| &nbsp;&nbsp; 365000 | Public Service Enterprises Group, Inc., Sr. Unsecd. Note, 2.875%, 6/15/2024 | &nbsp;&nbsp; 352535 |
| &nbsp;&nbsp; 1000000 | Southern Co., Sr. Unsecd. Note, 2.950%, 7/1/2023 | &nbsp;&nbsp; 989033 |
| &nbsp;&nbsp; 1160000 | Xcel Energy, Inc., Sr. Unsecd. Note, 0.500%, 10/15/2023 | &nbsp;&nbsp; 1113064 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41605588 |
|  | **Utility - Natural Gas—0.6%** |  |
| &nbsp;&nbsp; 1500000 | Enbridge, Inc., Sr. Unsecd. Note, 2.500%, 1/15/2025 | &nbsp;&nbsp; 1423083 |
| &nbsp;&nbsp; 840000 | National Fuel Gas Co., Sr. Unsecd. Note, 3.750%, 3/1/2023 | &nbsp;&nbsp; 836838 |
| &nbsp;&nbsp; 1985000 | National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026 | &nbsp;&nbsp; 1990382 |
| &nbsp;&nbsp; 3929000 | ONE Gas, Inc., Sr. Unsecd. Note, 1.100%, 3/11/2024 | &nbsp;&nbsp; 3739927 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7990230 |
|  | **Utility - Natural Gas Distributor—0.1%** |  |
| &nbsp;&nbsp; 1700000 | The East Ohio Gas Company, Sr. Unsecd. Note, 144A, 1.300%, 6/15/2025 | &nbsp;&nbsp; 1541314 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $396,794,501)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 371844503 |
|  | ASSET-BACKED SECURITIES—3.5% |  |
|  | **Auto Receivables—2.0%** |  |
| &nbsp;&nbsp; 404779 | AmeriCredit Automobile Receivables Trust 2020-2, Class A3, 0.660%, 12/18/2024 | &nbsp;&nbsp; 402548 |
| &nbsp;&nbsp; 1791144 | AmeriCredit Automobile Receivables Trust 2020-3, Class A3, 0.530%, 6/18/2025 | &nbsp;&nbsp; 1766739 |
| &nbsp;&nbsp; 941568 | BMW Vehicle Owner Trust 2020-A, Class A3, 0.480%, 10/25/2024 | &nbsp;&nbsp; 925937 |
| &nbsp;&nbsp; 1226011 | Fifth Third Auto Trust 2019-1, Class A4, 2.690%, 11/16/2026 | &nbsp;&nbsp; 1222547 |
| &nbsp;&nbsp; 3200000 | General Motors 2020-1, Class A, 0.680%, 8/15/2025 | &nbsp;&nbsp; 3108264 |
| &nbsp;&nbsp; 4650000 | General Motors 2020-2, Class A, 0.690%, 10/15/2025 | &nbsp;&nbsp; 4445878 |
| &nbsp;&nbsp; 1551003 | Hyundai Auto Receivables Trust 2020-C, Class A3, 0.380%, 5/15/2025 | &nbsp;&nbsp; 1506412 |
| &nbsp;&nbsp; 620747 | Nissan Auto Receivables Owner Trust 2020-A, Class A3, 1.380%, 12/16/2024 | &nbsp;&nbsp; 611635 |
| &nbsp;&nbsp; 470463 | Tesla Auto Lease Trust 2020-A, Class A3, 0.680%, 12/20/2023 | &nbsp;&nbsp; 468660 |
| &nbsp;&nbsp; 3055064 | Toyota Auto Receivables Owner Trust 2019-B, Class A4, 2.600%, 11/15/2024 | &nbsp;&nbsp; 3042850 |
| &nbsp;&nbsp; 318619 | Toyota Auto Receivables Owner Trust 2020-B, Class A3, 1.360%, 8/15/2024 | &nbsp;&nbsp; 314708 |
| &nbsp;&nbsp; 2746364 | Volkswagen Auto Lease Trust 2020-A, Class A3, 0.390%, 1/22/2024 | &nbsp;&nbsp; 2728158 |
| &nbsp;&nbsp; 1546438 | World Omni Auto Receivables Trust 2019-B, Class A4, 2.640%, 6/16/2025 | &nbsp;&nbsp; 1534998 |
| &nbsp;&nbsp; 479607 | World Omni Auto Receivables Trust 2020-B, Class A3, 0.630%, 5/15/2025 | &nbsp;&nbsp; 470340 |
| &nbsp;&nbsp; 5017912 | World Omni Auto Receivables Trust 2020-C, Class A3, 0.480%, 11/17/2025 | &nbsp;&nbsp; 4872852 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27422526 |
|  | **Communications - Telecom Wireless—0.3%** |  |
| &nbsp;&nbsp; 4336266 | Verizon Owner Trust 2020-C, Class A, 0.410%, 4/21/2025 | &nbsp;&nbsp; 4252742 |
|  | **Credit Card—0.1%** |  |
| &nbsp;&nbsp; 2000000 | Master Credit Card Trust 2020-1A, Class A, 1.990%, 9/21/2024 | &nbsp;&nbsp; 1980394 |
|  | **Equipment Lease—0.8%** |  |
| &nbsp;&nbsp; 78546 | CNH Equipment Trust 2019-B, Class A3, 2.520%, 8/15/2024 | &nbsp;&nbsp; 78340 |
| &nbsp;&nbsp; 1691563 | Dell Equipment Finance Trust 2020-2, Class A3, 0.570%, 10/23/2023 | &nbsp;&nbsp; 1672812 |
| &nbsp;&nbsp; 1650000 | John Deere Owner Trust 2019-B, Class A4, 2.320%, 5/15/2026 | &nbsp;&nbsp; 1648820 |
| &nbsp;&nbsp; 241292 | Kubota Credit Owner Trust 2020-1A, Class A3, 1.960%, 3/15/2024 | &nbsp;&nbsp; 239658 |
| &nbsp;&nbsp; 1875000 | MMAF Equipment Finance LLC 2020-A, Class A3, 0.970%, 4/9/2027 | &nbsp;&nbsp; 1742554 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—continued |  |
|  | **Equipment Lease—continued** |  |
| $5500000 | MMAF Equipment Finance LLC 2020-BA, Class A3, 0.490%, 8/14/2025 | $5280917 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10663101 |
|  | **Other—0.1%** |  |
| &nbsp;&nbsp; 2125000 | PFS Financing Corp. 2020-G, Class A, 0.970%, 2/15/2026 | &nbsp;&nbsp; 1996559 |
|  | **Student Loans—0.2%** |  |
| &nbsp;&nbsp; 1193344 | Navient Student Loan Trust 2020-GA, Class A, 1.170%, 9/16/2069 | &nbsp;&nbsp; 1051014 |
| &nbsp;&nbsp; 1439258 | Navient Student Loan Trust 2020-HA, Class A, 1.310%, 1/15/2069 | &nbsp;&nbsp; 1279205 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2330219 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL ASSET-BACKED SECURITIES <br>(IDENTIFIED COST $50,142,489)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48645541 |
|  | COLLATERALIZED MORTGAGE OBLIGATIONS—0.7% |  |
|  | **Commercial Mortgage—0.7%** |  |
| &nbsp;&nbsp; 1626331 | Benchmark Mortgage Trust 2019-B12, Class A2, 3.000%, 8/15/2052 | &nbsp;&nbsp; 1556915 |
| &nbsp;&nbsp; 2885000 | Benchmark Mortgage Trust 2021-B26, Class A2, 1.957%, 6/15/2054 | &nbsp;&nbsp; 2619156 |
| &nbsp;&nbsp; 1300000 | Citigroup Commercial Mortgage Trust 2013-GC11, Class B, 3.732%, 4/10/2046 | &nbsp;&nbsp; 1280070 |
| &nbsp;&nbsp; 750000 | Commercial Mortgage Trust 2013-CR8, Class B, 4.034%, 6/10/2046 | &nbsp;&nbsp; 734735 |
| &nbsp;&nbsp; 1425000 | GS Mortgage Securities Trust 2019-GC39, Class A2, 3.457%, 5/10/2052 | &nbsp;&nbsp; 1371684 |
| &nbsp;&nbsp; 1750000 | GS Mortgage Securities Trust 2019-GC40, Class A2, 2.971%, 7/10/2052 | &nbsp;&nbsp; 1676080 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9238640 |
|  | **Federal Home Loan Mortgage Corporation—0.0%** |  |
| &nbsp;&nbsp; 13561<br><sup>2</sup> <br>| FHLMC REMIC, Series 3397, Class FC, 4.473% (1-month USLIBOR +0.600%), 12/15/2037 | &nbsp;&nbsp; 13519 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS <br>(IDENTIFIED COST $10,037,456)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9252159 |
|  | MORTGAGE-BACKED SECURITIES—0.1% |  |
|  | **Federal National Mortgage Association—0.1%** |  |
| &nbsp;&nbsp; 630780 | FNMA, Pool AS2976, 4.000%, 8/1/2044 | &nbsp;&nbsp; 613998 |
| &nbsp;&nbsp; 307627 | FNMA, Pool AW0029, 3.500%, 7/1/2044 | &nbsp;&nbsp; 290119 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $980,307)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904117 |
|  | INVESTMENT COMPANIES—19.4% |  |
| &nbsp;&nbsp;&nbsp; 8876754 | Bank Loan Core Fund | &nbsp;&nbsp; 77227762 |
| &nbsp;&nbsp;&nbsp; 1957143 | Emerging Markets Core Fund | &nbsp;&nbsp; 15422289 |
| &nbsp;&nbsp;&nbsp; 1472585 | Federated Hermes Government Obligations Fund, Premier Shares, 3.66%<sup>4</sup> <br>| &nbsp;&nbsp; 1472585 |
| &nbsp;&nbsp; 16028893 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 3.86%<sup>4</sup> <br>| &nbsp;&nbsp; 16022482 |
| &nbsp;&nbsp;&nbsp; 8775563 | Mortgage Core Fund | &nbsp;&nbsp; 74153507 |
| &nbsp;&nbsp;&nbsp; 9729489 | Project and Trade Finance Core Fund | &nbsp;&nbsp; 84743843 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT COMPANIES <br>(IDENTIFIED COST $279,347,705)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 269042468 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.1% <br>(IDENTIFIED COST $1,467,955,232)<br>| &nbsp;&nbsp; 1385330997 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.1)%<sup>5</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1933401) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL NET ASSETS—100% | $1383397596 |

---

At November 30, 2022, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 2-Year Long Futures | 212 | $43536188 | March 2023 | $99112 |
| United States Treasury Notes 5-Year Long Futures | 650 | $70570703 | March 2023 | $354072 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $453184 |

---

**8**

------

The average notional value of long futures contracts held by the Fund throughout the period was $171,016,868. This is based on the contracts held as of each month-end throughout the three-month fiscal period.

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

Affiliated fund holdings are investment companies which are managed by the Adviser or an affiliate of the Adviser. Transactions with affiliated fund holdings during the period ended November 30, 2022, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliates** | **Value as of** <br>**8/31/2022**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**Depreciation**<br>| **Net** <br>**Realized** <br>**Gain/** <br>**(Loss)**<br>| **Value as of** <br>**11/30/2022**<br>| **Shares** <br>**Held as of** <br>**11/30/2022**<br>| **Dividend** <br>**Income**<br>|
| Bank Loan Core Fund | $113901124 | $1747267 | $(35500000) | $336340 | $(3256969) | $77227762 | &nbsp;&nbsp; 8876754 | $575325 |
| Emerging Markets Core Fund | $344070 | $14109143 | $— | $969076 | $— | $15422289 | &nbsp;&nbsp; 1957143 | $3614 |
| Federated Hermes Government <br> Obligations Fund, Premier Shares\*<br>| $— | $67143740 | $(65671155) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; N/A | $1472585 | &nbsp;&nbsp; 1472585 | $— |
| Federated Hermes Institutional Prime <br> Value Obligations Fund, Institutional <br> Shares<br>| $33142575 | $128185002 | $(145302386) | $1495 | $(4204) | $16022482 | 16028893 | $64309 |
| Mortgage Core Fund | $40428133 | $34513509 | $— | $(788135) | $— | $74153507 | &nbsp;&nbsp; 8775563 | $169886 |
| Project and Trade Finance Core Fund | $103117755 | $1476694 | $(20000000) | $544459 | $(395065) | $84743843 | &nbsp;&nbsp; 9729489 | $515925 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OF AFFILIATED <br> TRANSACTIONS<br>| $290933657 | $247175355 | $(266473541) | $1063235 | $(3656238) | $269042468 | 46840427 | $1329059 |

---

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

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

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

---

| | |
|:---|:---|
| 1 | *Pledged as collateral to ensure the Fund is able to satisfy the obligations of its outstanding long futures contracts.* |
| 2 | *Floating/variable note with current rate and current maturity or next reset date shown.* |
| 3 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of November 30, 2022, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

---

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

---

| | |
|:---|:---|
| **Market Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $1432095 | $1472585 |

---

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

4 *7-day net yield.* <br> 5 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of total net assets at November 30, 2022.

**Investment Valuation** 

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

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

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

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

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

◾ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

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

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**9**

------

**Fair Valuation Procedures** 

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of November 30, 2022, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| U.S. Treasuries | $— | $685642209 | $— | $685642209 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 371844503 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 371844503 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48645541 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48645541 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9252159 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9252159 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904117 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904117 |
| **Investment Companies**<sup>1</sup> <br>| &nbsp;&nbsp; 184298625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 269042468 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | $184298625 | $1116288529 | $— | $1385330997 |
| **Other Financial Instruments:**<sup>2</sup> <br>|  |  |  |  |
| Assets | $453184 | $— | $— | $453184 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | $453184 | $— | $— | $453184 |

---

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

---

| | |
|:---|:---|
| 1 | *As permitted by U.S. generally accepted accounting principles, an Investment Company valued at $84,743,843 is measured at fair value using the NAV per share* <br> *practical expedient and has not been categorized in the chart above but is included in the Total column. The price of shares redeemed of Project and Trade* <br> *Finance Core Fund may be determined as of the closing NAV of the fund up to twenty-four days after receipt of a shareholder redemption request.*<br>|
| 2 | *Other financial instruments are futures contracts.* |

---

**10**

------

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| BKNT | —Bank Notes |
| FHLMC | —Federal Home Loan Mortgage Corporation |
| FNMA | —Federal National Mortgage Association |
| LIBOR | —London Interbank Offered Rate |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |
| REMIC | —Real Estate Mortgage Investment Conduit |

---

**11**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Institutional Trust

- **b. Investment Company Act file number:** 811-07193

- **c. CIK number of Registrant:** 0000925723

- **d. LEI of Registrant:** 2549002CIMJQ7MNS8F06

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

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

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

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

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Short-Intermediate Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000009741

- **c. LEI of Series:** 5493003U7PVY1QBIS776

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $1390100125.31

**Total Liabilities:** $5282435.24

**Net Assets:** $1384817690.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2545.639808000000 | **1-Year:** -40733.363305000000 | **5-Year:** -41325.880622000000 | **10-Year:** -216.802494000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -2.293402000000 | **1-Year:** -666.075226000000 | **5-Year:** -980.937969000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026764 | -1.99%               | -0.16%               | 1.44%                |
| Class ID C000026765 | -1.87%               | -0.24%               | 1.56%                |
| Class ID C000136800 | -1.89%               | -0.26%               | 1.54%                |
| Class ID C000136801 | -1.87%               | -0.24%               | 1.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6020604.78             | $-19429611.58                              |
| Month 2  | $-5063401.66             | $1312398.07                                |
| Month 3  | $-4377223.34             | $21546848.74                               |

**Designated Index Information**

- **Index Name:** Barclays 1 to 5 Yr gov credit

- **Index Identifier:** LD04TRUU

### Schedule of Portfolio Investments

| Name                                                                     | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBVIE INC                                                               | AbbVie Inc                                                | CUSIP: 00287YCX5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2447530.65   | 0.18%             | 2025-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                                         | Altria Group Inc                                          | CUSIP: 02209SBB8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    365000 | PA      | $358920.40    | 0.03%             | 2024-02-14      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                      | American Express Co                                       | CUSIP: 025816DB2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    910000 | PA      | $945371.49    | 0.07%             | 2027-11-05      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                      | CUSIP: 06051GJG5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1833158.22   | 0.13%             | 2025-09-25      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | Bristol-Myers Squibb Co                                   | CUSIP: 110122CM8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    246000 | PA      | $239364.91    | 0.02%             | 2024-07-26      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                  | Walt Disney Co/The                                        | CUSIP: 254687FV3<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $919907.87    | 0.07%             | 2026-01-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                      | Dominion Energy Inc                                       | CUSIP: 25746UDE6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1924290.28   | 0.14%             | 2025-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                         | Duke Energy Corp                                          | CUSIP: 26441CAN5<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1969954.46   | 0.14%             | 2024-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                     | Enel Finance International NV                             | CUSIP: 29278GAL2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $956196.07    | 0.07%             | 2024-09-10      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                                        | GXO Logistics Inc                                         | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   5555000 | PA      | $4763169.75   | 0.34%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                       | CUSIP: 46625HJJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    725000 | PA      | $720303.44    | 0.05%             | 2023-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                       | CUSIP: 46647PBH8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2789020.20   | 0.20%             | 2026-03-13      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                                                           | McCormick & Co Inc/MD                                     | CUSIP: 579780AM9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968652.48    | 0.07%             | 2024-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2020-H          | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1439259 | PA      | $1279204.30   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                  | Oncor Electric Delivery Co LLC                            | CUSIP: 68233JBZ6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2396693.23   | 0.17%             | 2025-10-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                  | Pricoa Global Funding I                                   | CUSIP: 74153WCM9<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2239218.68   | 0.16%             | 2025-09-01      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| RELIANCE STEEL & ALUM                                                    | Reliance Steel & Aluminum Co                              | CUSIP: 759509AE2<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    425000 | PA      | $423997.83    | 0.03%             | 2023-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                   | Roper Technologies Inc                                    | CUSIP: 776743AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3069989.65   | 0.22%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                     | CUSIP: 89788MAA0<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2270528.68   | 0.16%             | 2025-08-05      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CAT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $8965625.00   | 0.65%             | 2025-10-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CFH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  62500000 | PA      | $60645687.50  | 4.38%             | 2027-08-31      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                | Boeing Co/The                                             | CUSIP: 097023BQ7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981955.65    | 0.07%             | 2023-06-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                              | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951993.19    | 0.07%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                                                   | Westinghouse Air Brake Technologies Corp                  | CUSIP: 960386AQ3<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    790000 | PA      | $742115.75    | 0.05%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                   | US 5YR NOTE (CBT) MAR23                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       650 | NC      | $354071.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2020-2                       | CUSIP: 24704GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1691563 | PA      | $1672812.21   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp                                                 | TWDC Enterprises 18 Corp                                  | CUSIP: 25468PDM5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    750000 | PA      | $682615.14    | 0.05%             | 2026-07-30      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                      | Dominion Energy Inc                                       | CUSIP: 25746UDB2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    610000 | PA      | $589839.41    | 0.04%             | 2024-08-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                     | Enel Finance International NV                             | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   2665000 | PA      | $2309490.28   | 0.17%             | 2026-07-12      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                 | Enterprise Products Operating LLC                         | CUSIP: 29379VBB8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983646.40    | 0.07%             | 2024-02-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TR                                                   | Fells Point Funding Trust                                 | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4554497.55   | 0.33%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS NV                                                            | Fiat Chrysler Automobiles NV                              | CUSIP: 31562QAF4<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2992245.00   | 0.22%             | 2023-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | Fifth Third Bancorp                                       | CUSIP: 316773CY4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472364.30    | 0.03%             | 2025-01-28      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                                                  | Marathon Petroleum Corp                                   | CUSIP: 56585ABH4<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1984424.00   | 0.14%             | 2025-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2020-G          | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1193344 | PA      | $1051014.18   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PHILLIPS 66                                                              | Phillips 66                                               | CUSIP: 718546AZ7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1657374.79   | 0.12%             | 2026-02-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                                                      | Citizens Bank NA/Providence RI                            | CUSIP: 75524KNH3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    500000 | PA      | $465756.73    | 0.03%             | 2025-04-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Textron Financial Corp                                                   | Textron Financial Corp                                    | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |     40000 | PA      | $28079.22     | 0.00%             | 2042-02-15      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                     | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2218588.85   | 0.16%             | 2027-03-02      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 9128286Z8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17000000 | PA      | $16287013.20  | 1.18%             | 2024-06-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CBA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2383914.50   | 0.17%             | 2023-12-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CCG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9362726.00   | 0.68%             | 2024-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond - When Issued            | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $26597130.00  | 1.92%             | 2026-07-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                   | UnitedHealth Group Inc                                    | CUSIP: 91324PEP3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2058521.88   | 0.15%             | 2028-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                   | Verizon Communications Inc                                | CUSIP: 92343VFS8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2071000 | PA      | $1859452.24   | 0.13%             | 2025-11-20      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                               | VMware Inc                                                | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2340604.76   | 0.17%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                                                   | Allegion US Holding Co Inc                                | CUSIP: 01748NAD6<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1446586.28   | 0.10%             | 2024-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                  | American Electric Power Co Inc                            | CUSIP: 025537AR2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    790000 | PA      | $708688.47    | 0.05%             | 2025-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                      | American Express Co                                       | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984175.11    | 0.07%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                      | American Tower Corp                                       | CUSIP: 03027XAT7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1000000 | PA      | $974441.41    | 0.07%             | 2024-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                | Apple Inc                                                 | CUSIP: 037833DT4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $924704.26    | 0.07%             | 2025-05-11      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                                                          | Associated Banc-Corp                                      | CUSIP: 045487AB1<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974689.49    | 0.07%             | 2025-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                                     | BAT International Finance PLC                             | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1241576.49   | 0.09%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                                            | AIA Group Ltd                                             | CUSIP: 00131LAB1<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |   1000000 | PA      | $960793.57    | 0.07%             | 2025-03-11      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4435000 | PA      | $3914540.64   | 0.28%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                           | Air Lease Corp                                            | CUSIP: 00914AAL6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1370614.35   | 0.10%             | 2024-02-15      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                      | American Express Co                                       | CUSIP: 025816BD0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    143000 | PA      | $143000.00    | 0.01%             | 2022-12-02      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                   | Bank of New York Mellon Corp/The                          | CUSIP: 06406RAN7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2787861.54   | 0.20%             | 2025-04-24      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | Bristol-Myers Squibb Co                                   | CUSIP: 110122CZ9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    962000 | PA      | $959552.46    | 0.07%             | 2023-02-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                      | Anthem Inc                                                | CUSIP: 036752AR4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2701766.58   | 0.20%             | 2026-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                     | Bank of America Corp                                      | CUSIP: 06051GFM6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1471310.03   | 0.11%             | 2025-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                                  | Broadcom Corp / Broadcom Cayman Finance Ltd               | CUSIP: 11134LAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2000000 | PA      | $1965554.00   | 0.14%             | 2024-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                   | CNH Industrial Capital LLC                                | CUSIP: 12592BAK0<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1544031.81   | 0.11%             | 2023-07-02      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                     | Bank of America Corp                                      | CUSIP: 06051GHE2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498076.43   | 0.11%             | 2024-03-05      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co                                                  | Becton Dickinson and Co                                   | CUSIP: 075887BV0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3908556.48   | 0.28%             | 2024-06-06      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                   | CNH Industrial Capital LLC                                | CUSIP: 12592BAL8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1812241.34   | 0.13%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                      | CNH EQUIPMENT TRUST CNH 2019 B A3                         | CUSIP: 12596TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78546 | PA      | $78340.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                 | Benchmark 2019-B12 Mortgage Trust                         | CUSIP: 08162FAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1626331 | PA      | $1556915.44   | 0.11%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                         | Black Hills Corp                                          | CUSIP: 092113AU3<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   3155000 | PA      | $2938848.71   | 0.21%             | 2024-08-23      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                                               | Cigna Corp                                                | CUSIP: 125523AF7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    271000 | PA      | $269160.90    | 0.02%             | 2023-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                      | Citigroup Commercial Mortgage Trust 2013-GC11             | CUSIP: 17320DAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1280069.70   | 0.09%             | 2046-04-10      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                             | Centene Corp                                              | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2441736.78   | 0.18%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                             | Chevron Corp                                              | CUSIP: 166764BV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $492610.29    | 0.04%             | 2023-05-11      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                         | Crown Castle International Corp                           | CUSIP: 22822VAJ0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   1000000 | PA      | $988613.65    | 0.07%             | 2023-07-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY GAS                                                       | Dominion Energy Gas Holdings LLC                          | CUSIP: 257375AN5<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |    255000 | PA      | $242507.45    | 0.02%             | 2024-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                            | Citigroup Inc                                             | CUSIP: 172967MF5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1794425.44   | 0.13%             | 2025-04-24      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                         | Crown Castle International Corp                           | CUSIP: 22822VAG6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   1000000 | PA      | $970677.59    | 0.07%             | 2024-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                  | Dell International LLC / EMC Corp                         | CUSIP: 24703TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $735947.08    | 0.05%             | 2024-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP                                                      | Emera US Finance LP                                       | CUSIP: 29103DAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1775856.29   | 0.13%             | 2024-06-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                                                 | FNB Corp/PA                                               | CUSIP: 302520AC5<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1974304.55   | 0.14%             | 2025-08-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                        | CUSIP: 31397PLU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13561 | PA      | $13519.19     | 0.00%             | 2037-12-15      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                        | Eversource Energy                                         | CUSIP: 30040WAJ7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4462319.80   | 0.32%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                                                 | FNB Corp/PA                                               | CUSIP: 30260NAA9<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1494439.45   | 0.11%             | 2023-02-24      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| FEDERATED CORE TR                                                        | FEDERATED CORE TR MUTUAL FUND                             | CUSIP: 31409N887<br>LEI: 254900HYFNGKM5PJOV84 | Long             | EC               | RF                | US        |   1943808 | NS      | $15317204.82  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE       | CUSIP: 31415N103<br>LEI: 549300HEVNTSTCP23713 | Long             | EC               | RF                | US        |   9667989 | NS      | $84208185.30  | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                                                         | FirstEnergy Corp                                          | CUSIP: 337932AN7<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    245000 | PA      | $217029.91    | 0.02%             | 2026-01-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| FORTINET INC                                                             | Fortinet Inc                                              | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   4130000 | PA      | $3636132.16   | 0.26%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                      | Fifth Third Bancorp                                       | CUSIP: 316773CX6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    655000 | PA      | $644918.55    | 0.05%             | 2024-01-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                 | Florida Power & Light Co                                  | CUSIP: 341081FZ5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1387884.57   | 0.10%             | 2025-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                 | Huntington National Bank/The                              | CUSIP: 44644AAE7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987865.13    | 0.07%             | 2023-10-06      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                       | CUSIP: 46625HJH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199619.90    | 0.01%             | 2023-01-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| General Motors                                                           | GMF Floorplan Owner Revolving Trust                       | CUSIP: 361886CM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4650000 | PA      | $4445877.56   | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                             | GS Mortgage Securities Trust 2019-GC40                    | CUSIP: 36257HBM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1676079.48   | 0.12%             | 2052-07-10      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                       | CUSIP: 46625HRL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1982430.40   | 0.14%             | 2023-05-18      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                       | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1765213.06   | 0.13%             | 2026-11-19      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38141GRD8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499162.45    | 0.04%             | 2023-01-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                    | Huntington Bancshares Inc/OH                              | CUSIP: 446150AQ7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958174.49    | 0.07%             | 2024-08-06      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                       | CUSIP: 46625HJX9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984426.92    | 0.07%             | 2024-05-13      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                                | Kubota Credit Owner Trust 2020-1                          | CUSIP: 50117WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241292 | PA      | $239657.91    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Lennox International Inc                                                 | Lennox International Inc                                  | CUSIP: 526107AD9<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    415000 | PA      | $406757.15    | 0.03%             | 2023-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                  | Metropolitan Life Global Funding I                        | CUSIP: 59217GGV5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2379426.75   | 0.17%             | 2024-01-07      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes Institutional Prime Value Obligations Fund              | Federated Institutional Prime Value Obligations Fund      | CUSIP: 60934N583<br>LEI: 254900OXLDDVEP8MMK94 | Long             | EC               | RF                | US        |  16028893 | NS      | $16022481.60  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                            | CUSIP: 6174468J1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1909026.46   | 0.14%             | 2025-07-22      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                                              | ONE Gas Inc                                               | CUSIP: 68235PAL2<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |   3929000 | PA      | $3739926.70   | 0.27%             | 2024-03-11      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                        | CUSIP: 69335PDX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2125000 | PA      | $1996559.48   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                      | CUSIP: 693475AV7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984924.44    | 0.07%             | 2024-01-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                       | Pacific Life Global Funding II                            | CUSIP: 6944PL2B4<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2273666.50   | 0.16%             | 2025-06-24      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                                                  | Kinder Morgan Energy Partners LP                          | CUSIP: 494550BS4<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1974465.26   | 0.14%             | 2024-02-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX LP                                                   | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1040392.53   | 0.08%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                                                          | PerkinElmer Inc                                           | CUSIP: 714046AL3<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2048034.58   | 0.15%             | 2024-09-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                 | Principal Life Global Funding II                          | CUSIP: 74256LEE5<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1819369.00   | 0.13%             | 2025-06-23      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                            | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4826020.27   | 0.35%             | 2026-12-10      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                                     | National Fuel Gas Co                                      | CUSIP: 636180BQ3<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1990382.49   | 0.14%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                 | Public Service Enterprise Group Inc                       | CUSIP: 744573AN6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    365000 | PA      | $352534.93    | 0.03%             | 2024-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2020-A                             | CUSIP: 88167HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470463 | PA      | $468660.38    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BOEING CO                                                                | Boeing Co/The                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1818916.42   | 0.13%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                              | CUSIP: 11135FAV3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    835000 | PA      | $810688.69    | 0.06%             | 2023-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | Oracle Corp                                               | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1796184.70   | 0.13%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                      | CUSIP: 693475BH7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1512838.62   | 0.11%             | 2025-10-28      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                               | US Bancorp                                                | CUSIP: 91159HHX1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2414120.68   | 0.17%             | 2024-07-30      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond - When Issued            | CUSIP: 9128284X5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7250000 | PA      | $7145846.50   | 0.52%             | 2023-08-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS Health Corp                                           | CUSIP: 126650DE7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483214.02    | 0.03%             | 2024-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                             | Comcast Corp                                              | CUSIP: 20030NCR0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1972351.42   | 0.14%             | 2024-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                   | Philip Morris International Inc                           | CUSIP: 718172CN7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925808.57    | 0.07%             | 2025-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                           | salesforce.com Inc                                        | CUSIP: 79466LAE4<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    560000 | PA      | $557181.61    | 0.04%             | 2023-04-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CAJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27500000 | PA      | $24751776.50  | 1.79%             | 2025-08-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CEA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $48115990.00  | 3.47%             | 2024-02-29      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                              | Southern Co/The                                           | CUSIP: 842587CU9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989032.76    | 0.07%             | 2023-07-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | Energy Transfer LP                                        | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1888700.48   | 0.14%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828XT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9500000 | PA      | $9145479.95   | 0.66%             | 2024-05-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828ZW3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  65000000 | PA      | $58946407.00  | 4.26%             | 2025-06-30      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CEC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $18436236.00  | 1.33%             | 2027-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32000000 | PA      | $32420060.80  | 2.34%             | 2027-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                                       | Vodafone Group PLC                                        | CUSIP: 92857WBN9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1999360.46   | 0.14%             | 2024-01-16      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                              | Volkswagen Auto Lease Trust 2020-A                        | CUSIP: 92868VAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2746364 | PA      | $2728157.99   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CAM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27500000 | PA      | $24750225.50  | 1.79%             | 2025-09-30      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CEN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31150000 | PA      | $29741241.25  | 2.15%             | 2027-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                       | Valero Energy Corp                                        | CUSIP: 91913YAY6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2162055.21   | 0.16%             | 2025-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                                                      | Verizon Owner Trust 2020-C                                | CUSIP: 92348CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4336266 | PA      | $4252741.68   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                                                     | Weir Group PLC/The                                        | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |   5385000 | PA      | $4763373.64   | 0.34%             | 2026-05-13      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                          | CUSIP: 94974BGH7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963211.77    | 0.07%             | 2025-02-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                        | World Omni Auto Receivables Trust 2019-B                  | CUSIP: 98162VAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1546438 | PA      | $1534998.30   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| EAST OHIO GAS CO/THE                                                     | East Ohio Gas Co/The                                      | CUSIP: 27409LAA1<br>LEI: BC95Y6MXLT75BGO7UM71 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1541314.18   | 0.11%             | 2025-06-15      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| ENBRIDGE INC                                                             | Enbridge Inc                                              | CUSIP: 29250NAY1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1423083.03   | 0.10%             | 2025-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | Fifth Third Bancorp                                       | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2072252.14   | 0.15%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                        | General Motors Co                                         | CUSIP: 37045VAV2<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    550000 | PA      | $557577.54    | 0.04%             | 2025-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38141EB81<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009380.87   | 0.07%             | 2023-11-29      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38141GWQ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481628.84    | 0.03%             | 2025-09-29      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38141GXE9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1475114.24   | 0.11%             | 2024-02-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                               | MMAF Equipment Finance LLC 2020-A                         | CUSIP: 60700MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1875000 | PA      | $1742553.38   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                                   | Regions Financial Corp                                    | CUSIP: 7591EPAQ3<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2182406.78   | 0.16%             | 2025-05-18      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                         | T-Mobile USA Inc                                          | CUSIP: 87264ABB0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968690.41    | 0.07%             | 2025-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828W71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9679015.00   | 0.70%             | 2024-03-31      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828Y87<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7168671.00   | 0.52%             | 2024-07-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CCF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $13417926.00  | 0.97%             | 2026-05-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CDB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $27986040.00  | 2.02%             | 2024-10-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| AIG GLOBAL FUNDING                                                       | AIG Global Funding                                        | CUSIP: 00138CAQ1<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $953719.71    | 0.07%             | 2023-12-08      | Fixed         | 0.45%                 | Yes           |                  2 | On Loan: No      |
| Abbott Laboratories                                                      | Abbott Laboratories                                       | CUSIP: 002824BE9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3666850.61   | 0.26%             | 2023-11-30      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                               | AbbVie Inc                                                | CUSIP: 00287YAQ2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1946413.88   | 0.14%             | 2025-05-14      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                               | AbbVie Inc                                                | CUSIP: 00287YAX7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990274.28    | 0.07%             | 2023-05-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                  | American Electric Power Co Inc                            | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    430000 | PA      | $441734.55    | 0.03%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                 | AmeriCredit Automobile Receivables Trust 2020-3           | CUSIP: 03066PAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1791144 | PA      | $1766739.35   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                                 | Anheuser-Busch InBev Worldwide Inc                        | CUSIP: 035240AK6<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997393.04   | 0.14%             | 2024-01-12      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                | Apple Inc                                                 | CUSIP: 037833CG3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    700000 | PA      | $687933.70    | 0.05%             | 2024-02-09      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                         | BAT Capital Corp                                          | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964816.54    | 0.07%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                      | CUSIP: 06051GHW2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3295328.02   | 0.24%             | 2025-10-22      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                      | COMM 2013-CCRE8 Mortgage Trust                            | CUSIP: 12625KAM7<br>LEI: 549300NGGFIEJ2ER3D22 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $734735.33    | 0.05%             | 2046-06-10      | Variable      | 4.03%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE NA                                                           | Capital One Bank USA NA                                   | CUSIP: 140420NB2<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1196066.70   | 0.09%             | 2023-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                  | Walt Disney Co/The                                        | CUSIP: 254687CR5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193080.54    | 0.01%             | 2023-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                 | Enterprise Products Operating LLC                         | CUSIP: 29379VAZ6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2437000 | PA      | $2425893.08   | 0.18%             | 2023-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Federated Core Trust - Federated Mortgage Core Portfolio                 | FEDERATED CORE TR MTG CORE PORTFOLIO                      | CUSIP: 31409N200<br>LEI: 254900WC9GWJKY8X3D48 | Long             | EC               | RF                | US        |   8748267 | NS      | $73922859.01  | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Core Trust - Federated Bank Loan Core Fund                     | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND           | CUSIP: 31409N804<br>LEI: 549300FJK5JF0KIC2N83 | Long             | EC               | RF                | US        |   8813813 | NS      | $76680176.99  | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE HLDG LLC                                                   | GE Healthcare Holding LLC                                 | CUSIP: 36267VAE3<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3061098.93   | 0.22%             | 2027-11-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                           | CUSIP: 37045XCL8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397378.18    | 0.03%             | 2023-06-19      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                           | CUSIP: 37045XCZ7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973660.16    | 0.07%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                     | Glencore Funding LLC                                      | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2493000 | PA      | $2259017.94   | 0.16%             | 2025-09-01      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                 | Huntington Ingalls Industries Inc                         | CUSIP: 446413AW6<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2400973.04   | 0.17%             | 2023-08-16      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust 2020-C                     | CUSIP: 44891RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1551003 | PA      | $1506412.25   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JDE PEET'S NV                                                            | JDE Peet's NV                                             | CUSIP: 47216QAA1<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1277160.67   | 0.09%             | 2024-09-24      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| LEIDOS INC                                                               | Leidos Inc                                                | CUSIP: 52532XAD7<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    905000 | PA      | $872962.16    | 0.06%             | 2025-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                               | CUSIP: 576339CF0<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   2000000 | PA      | $1980394.40   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MERCK & CO INC                                                           | Merck & Co Inc                                            | CUSIP: 58933YAY1<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1343702.93   | 0.10%             | 2026-02-24      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                 | National Rural Utilities Cooperative Finance Corp         | CUSIP: 637432NL5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    460000 | PA      | $449575.79    | 0.03%             | 2024-02-07      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                 | AmeriCredit Automobile Receivables Trust 2020-2           | CUSIP: 03066EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    404779 | PA      | $402547.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                 | Benchmark 2021-B26 Mortgage Trust                         | CUSIP: 08163EAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2885000 | PA      | $2619155.62   | 0.19%             | 2054-06-15      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                | Boeing Co/The                                             | CUSIP: 097023CZ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1641028.28   | 0.12%             | 2024-02-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                      | CDW LLC / CDW Finance Corp                                | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2238225.19   | 0.16%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                            | Citigroup Inc                                             | CUSIP: 172967LL3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4290000 | PA      | $4294638.52   | 0.31%             | 2024-05-17      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                             | CUSIP: 172967MR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2457764.65   | 0.18%             | 2024-05-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                             | Comcast Corp                                              | CUSIP: 20030NEA5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    590000 | PA      | $608230.16    | 0.04%             | 2027-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                     | Daimler Finance North America LLC                         | CUSIP: 233851EC4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   5175000 | PA      | $4626949.03   | 0.33%             | 2026-03-02      | Fixed         | 1.45%                 | Yes           |                  2 | On Loan: No      |
| OGE ENERGY CORP                                                          | OGE Energy Corp                                           | CUSIP: 670837AC7<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |   2095000 | PA      | $2051513.08   | 0.15%             | 2023-05-26      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | Oracle Corp                                               | CUSIP: 68389XBT1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1755516.00   | 0.13%             | 2025-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                 | Exelon Generation Co LLC                                  | CUSIP: 30161MAS2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |   2180000 | PA      | $2094475.59   | 0.15%             | 2025-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                             | GS Mortgage Securities Trust 2019-GC39                    | CUSIP: 36260JAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1425000 | PA      | $1371684.48   | 0.10%             | 2052-05-10      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38148LAC0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1945847.96   | 0.14%             | 2025-01-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KERRY GROUP FIN SERVICES                                                 | Kerry Group Financial Services                            | CUSIP: 49245PAA4<br>LEI: 635400SE9OHFJ8SLDG45 | Long             | DBT              | CORP              | IE        |   9100000 | PA      | $9031956.75   | 0.65%             | 2023-04-09      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                      | CUSIP: 693475AY1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2857253.82   | 0.21%             | 2024-11-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                 | Principal Life Global Funding II                          | CUSIP: 74256LEJ4<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $984586.13    | 0.07%             | 2024-01-08      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| National Fuel Gas Co                                                     | National Fuel Gas Co                                      | CUSIP: 636180BL4<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    840000 | PA      | $836837.82    | 0.06%             | 2023-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                 | Northwestern Mutual Global Funding                        | CUSIP: 66815L2A6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   4415000 | PA      | $3918836.91   | 0.28%             | 2026-01-14      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                  | Pricoa Global Funding I                                   | CUSIP: 741531FA0<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989678.92    | 0.07%             | 2023-09-01      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                         | Ryder System Inc                                          | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1541122.16   | 0.11%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                                                   | Skyworks Solutions Inc                                    | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    535000 | PA      | $467371.86    | 0.03%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                      | Toyota Auto Receivables 2019-B Owner Trust                | CUSIP: 89239JAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3055064 | PA      | $3042850.24   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                 | Public Service Enterprise Group Inc                       | CUSIP: 744573AP1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   4080000 | PA      | $3652578.22   | 0.26%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                              | Truist Bank                                               | CUSIP: 89788JAA7<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1158930.81   | 0.08%             | 2025-03-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                               | US Bancorp                                                | CUSIP: 91159HHZ6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2341264.74   | 0.17%             | 2025-05-12      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond - When Issued            | CUSIP: 9128285Z9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7315657.50   | 0.53%             | 2024-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828ZC7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9332089.00   | 0.67%             | 2025-02-28      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CCC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14087647.50  | 1.02%             | 2024-05-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                        | World Omni Auto Receivables Trust 2020-B                  | CUSIP: 98163WAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479607 | PA      | $470340.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond - When Issued            | CUSIP: 9128285P1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7852928.00   | 0.57%             | 2023-11-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828Z52<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $16925853.60  | 1.22%             | 2025-01-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828ZF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $11485442.50  | 0.83%             | 2025-03-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828ZT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23500000 | PA      | $21326557.85  | 1.54%             | 2025-05-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CAZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $6725435.25   | 0.49%             | 2025-11-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4768806.00   | 0.34%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20079458.00  | 1.45%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                       | Valero Energy Corp                                        | CUSIP: 91913YBA7<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1898330.60   | 0.14%             | 2024-03-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                         | ViacomCBS Inc                                             | CUSIP: 92556HAA5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    444000 | PA      | $440219.46    | 0.03%             | 2025-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                   | CUSIP: 928668BE1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958250.92    | 0.07%             | 2025-05-13      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                          | CUSIP: 95000U2C6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986460.75    | 0.07%             | 2024-01-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                          | Xcel Energy Inc                                           | CUSIP: 98389BAZ3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1113064.34   | 0.08%             | 2023-10-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                   | US 2YR NOTE (CBT) MAR23                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       212 | NC      | $99112.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA GROUP LTD                                                            | AIA Group Ltd                                             | CUSIP: 00131LAN5<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |   3000000 | PA      | $3071543.52   | 0.22%             | 2027-10-25      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                                                     | Bank of America Corp                                      | CUSIP: 06051GHC6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    539000 | PA      | $538375.86    | 0.04%             | 2023-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                      | CUSIP: 06051GJD2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $902666.80    | 0.07%             | 2026-06-19      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                                              | Bell Canada                                               | CUSIP: 0778FPAC3<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2369893.10   | 0.17%             | 2024-03-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Cigna Corp                                                               | Cigna Corp                                                | CUSIP: 125523AC4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2004532.66   | 0.14%             | 2023-07-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                             | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1741990.66   | 0.13%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINAN NA                                                  | Daimler Trucks Finance North America LLC                  | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2510000 | PA      | $2203123.79   | 0.16%             | 2026-12-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                                                  | Kinder Morgan Energy Partners LP                          | CUSIP: 28370TAG4<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493657.59    | 0.04%             | 2024-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | Energy Transfer Partners LP                               | CUSIP: 29273RAY5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149137.81    | 0.01%             | 2024-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                     | Enel Finance International NV                             | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1670000 | PA      | $1730582.34   | 0.12%             | 2025-10-14      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951734.06    | 0.07%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                              | Netflix Inc                                               | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4833736.90   | 0.35%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                      | Nissan Auto Receivables 2020-A Owner Trust                | CUSIP: 65479MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620747 | PA      | $611635.45    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                   | Philip Morris International Inc                           | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005244.80   | 0.14%             | 2027-11-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                 | Rogers Communications Inc                                 | CUSIP: 775109CB5<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |   5100000 | PA      | $4761802.32   | 0.34%             | 2027-03-15      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| SHIRE ACQ INV IRELAND DA                                                 | Shire Acquisitions Investments Ireland DAC                | CUSIP: 82481LAC3<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |   1800000 | PA      | $1766142.59   | 0.13%             | 2023-09-23      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                    | Stellantis Finance US Inc                                 | CUSIP: 85855CAD2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3987114.16   | 0.29%             | 2028-01-12      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: —       |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CAB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52500000 | PA      | $47431251.00  | 3.43%             | 2025-07-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CBH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22750000 | PA      | $20295629.90  | 1.47%             | 2026-01-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2953107.60   | 0.21%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CFN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24930650.00  | 1.80%             | 2024-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                   | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3582909.76   | 0.26%             | 2025-11-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                        | World Omni Auto Receivables Trust 2020-C                  | CUSIP: 98163CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5017912 | PA      | $4872851.62   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                         | BAT Capital Corp                                          | CUSIP: 05526DBG9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    750000 | PA      | $717461.93    | 0.05%             | 2024-09-06      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    775000 | PA      | $683071.25    | 0.05%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                               | Leidos Inc                                                | CUSIP: 52532XAB1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989725.08    | 0.07%             | 2023-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1665000 | PA      | $1464824.34   | 0.11%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                      | American Tower Corp                                       | CUSIP: 03027XAZ3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1055000 | PA      | $993464.85    | 0.07%             | 2025-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                      | Elevance Health Inc                                       | CUSIP: 036752AV5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304468.99    | 0.02%             | 2025-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                | Apple Inc                                                 | CUSIP: 037833DX5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1808218.50   | 0.13%             | 2025-08-20      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                     | Bank of America Corp                                      | CUSIP: 06051GHF9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995058.69    | 0.07%             | 2024-03-05      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                      | CUSIP: 06051GJK6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1776294.30   | 0.13%             | 2026-10-24      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                   | Bank of New York Mellon Corp/The                          | CUSIP: 06406FAD5<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982261.19    | 0.07%             | 2023-08-16      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                  | Bayer US Finance II LLC                                   | CUSIP: 07274NAE3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984270.96    | 0.07%             | 2023-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                                  | BMW Vehicle Owner Trust 2020-A                            | CUSIP: 09661RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    941568 | PA      | $925936.51    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO                                                                | Boeing Co/The                                             | CUSIP: 097023CS2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1992978.32   | 0.14%             | 2023-05-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                   | CNH Industrial Capital LLC                                | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1760357.36   | 0.13%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                                  | Canadian Natural Resources Ltd                            | CUSIP: 136385AW1<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    840000 | PA      | $839319.88    | 0.06%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                                          | Deere & Co                                                | CUSIP: 244199BH7<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    560000 | PA      | $538908.81    | 0.04%             | 2025-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                                       | Energy Transfer LP                                        | CUSIP: 29278NAP8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $471975.06    | 0.03%             | 2025-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                           | CUSIP: 3138WCJW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    630780 | PA      | $613998.14    | 0.04%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                           | CUSIP: 3138XPA78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    307626 | PA      | $290119.27    | 0.02%             | 2044-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Auto Trust                                                   | Fifth Third Auto Trust 2019-1                             | CUSIP: 31680YAE7<br>LEI: 549300EMGYBMVWMPNI56 | Long             | ABS-O            | CORP              | US        |   1226011 | PA      | $1222546.87   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors                                                           | GMF Floorplan Owner Revolving Trust                       | CUSIP: 361886CH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3200000 | PA      | $3108264.16   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                               | CUSIP: 38141GZV9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2035082.49   | 0.15%             | 2024-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                                 | International Flavors & Fragrances Inc                    | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   4725000 | PA      | $4179923.29   | 0.30%             | 2025-10-01      | Fixed         | 1.23%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                       | CUSIP: 46625HKC3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1944081.68   | 0.14%             | 2025-01-23      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                       | CUSIP: 46647PAP1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2482805.05   | 0.18%             | 2024-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                   | John Deere Owner Trust 2019-B                             | CUSIP: 477870AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1650000 | PA      | $1648820.17   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                                 | Liberty Mutual Group Inc                                  | CUSIP: 53079EBE3<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495664.02    | 0.04%             | 2023-06-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                  | Metropolitan Life Global Funding I                        | CUSIP: 59217GEH8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1086201.28   | 0.08%             | 2023-06-08      | Fixed         | 0.90%                 | Yes           |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                               | MMAF Equipment Finance LLC 2020-B                         | CUSIP: 60700KAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5280917.13   | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                            | CUSIP: 6174468R3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1826218.18   | 0.13%             | 2025-10-21      | Fixed         | 0.86%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley                                            | CUSIP: 61747YDU6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498405.84    | 0.04%             | 2023-05-22      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                 | National Rural Utilities Cooperative Finance Corp         | CUSIP: 63743HFF4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2538907.38   | 0.18%             | 2025-10-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                                    | Northrop Grumman Corp                                     | CUSIP: 666807BM3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1443263.82   | 0.10%             | 2025-01-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| ONEOK Partners LP                                                        | ONEOK Partners LP                                         | CUSIP: 68268NAP8<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1980604.26   | 0.14%             | 2025-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                       | Pacific Life Global Funding II                            | CUSIP: 6944PL2C2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2894160.93   | 0.21%             | 2023-09-23      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                 | Principal Life Global Funding II                          | CUSIP: 74256LBJ7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $944981.20    | 0.07%             | 2024-11-21      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                                                      | Citizens Bank NA/Providence RI                            | CUSIP: 75524KPT5<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2023329.14   | 0.15%             | 2025-10-24      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                   | Roper Technologies Inc                                    | CUSIP: 776743AE6<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1976451.94   | 0.14%             | 2023-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                                    | Southwest Airlines Co                                     | CUSIP: 844741BJ6<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    770000 | PA      | $774897.17    | 0.06%             | 2025-05-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                             | Stryker Corp                                              | CUSIP: 863667BB6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1170361.19   | 0.08%             | 2023-12-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                         | T-Mobile USA Inc                                          | CUSIP: 87264ABZ7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3137358.04   | 0.23%             | 2026-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN                                                 | Teledyne Technologies Inc                                 | CUSIP: 879360AC9<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4452286.00   | 0.32%             | 2026-04-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                      | Toyota Auto Receivables 2020-B Owner Trust                | CUSIP: 89239RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318619 | PA      | $314708.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 912828ZL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $13695763.50  | 0.99%             | 2025-04-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $8968863.00   | 0.65%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond                          | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $11110461.25  | 0.80%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | United States Treasury Note/Bond - When Issued            | CUSIP: 91282CEH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    425000 | PA      | $409596.13    | 0.03%             | 2025-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                                             | Vontier Corp                                              | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $2818075.00   | 0.20%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| WP Carey Inc                                                             | WP Carey Inc                                              | CUSIP: 92936UAA7<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    300000 | PA      | $298315.55    | 0.02%             | 2024-04-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FEDERATED HERMES INC                                                     | Federated Government Obligations Fund                     | CUSIP: 60934N104<br>LEI: 254900VAJ9169N7JRF45 | Long             | EC               | RF                | US        |   1472585 | PA      | $1472585.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Federated Hermes Institutional Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Institutional Trust

**Title:** Chief Compliance Officer