# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001752724-23-015189
**Filing Date:** 2023-1
**Character Count:** 108998
**Document Hash:** 71afa85464d642677f2ada72a548eb43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015189.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015189

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING MASTER TRUST
- **CENTRAL INDEX KEY:** 0001087961
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09689
- **FILM NUMBER:** 23558236

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4225

**MAIL ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO MASTER TRUST
- **DATE OF NAME CHANGE:** 20021209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO CORE TRUST
- **DATE OF NAME CHANGE:** 19990604

## Series and Classes Contracts Data

### Allspring Real Return Portfolio (Series ID: S000007549)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000020607 | Real Return Portfolio |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALLSPRING MASTER TRUST

- **b. Investment Company Act file number:** 811-09689

- **c. CIK number of Registrant:** 0001087961

- **d. LEI of Registrant:** 549300RK07I40T8DF120

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

  - **Street Address 1:** 525 MARKET STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-222-8222

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

- **a. Name of Series:** Allspring Real Return Portfolio

- **b. EDGAR series identifier (if any):** S000007549

- **c. LEI of Series:** 54930082DLIF1PX1JB16

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

- **a. Date of fiscal year-end:** 2023-05-31

- **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:** $218843235.56

**Total Liabilities:** $909613.76

**Net Assets:** $217933621.80

**Cash Not Reported:** $324919.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6.05000000 | **1-Year:** -563.84000000 | **5-Year:** -544.64000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -94.95000000 | **1-Year:** -3995.18000000 | **5-Year:** -2320.82000000 | **10-Year:** -33.45000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020607 | -6.16%               | 2.37%                | 2.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-153873.88              | $-13362618.65                              |
| Month 2  | $-21708.87               | $4779712.65                                |
| Month 3  | $916043.98               | $4572129.42                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| B2Gold Corp                                                | B2Gold Corp                                                                     | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |     30500 | NS      | $106341.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MAG Silver Corp                                            | MAG Silver Corp                                                                 | CUSIP: 55903Q104<br>LEI: 254900LGL904N7F3EL14 | Long             | EC               | CORP              | CA        |      5800 | NS      | $91151.17     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS GLOBAL LP                                          | Clarios Global LP                                                               | CUSIP: 18060TAA3<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |    282000 | PA      | $281820.19    | 0.13%             | 2025-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                                   | EnLink Midstream Partners LP                                                    | CUSIP: 29336UAE7<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |    232000 | PA      | $221362.80    | 0.10%             | 2025-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4122736 | PA      | $4168150.70   | 1.91%             | 2027-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                                              | LFS Topco LLC                                                                   | CUSIP: 50203TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $172003.99    | 0.08%             | 2026-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1860414 | PA      | $1286980.34   | 0.59%             | 2052-02-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Allied Universal                                           | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $194750.00    | 0.09%             | 2026-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $192482.00    | 0.09%             | 2025-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michael Kors USA Inc                                       | Michael Kors USA Inc                                                            | CUSIP: 59408TAA8<br>LEI: 549300MIBZ1H6BCOET19 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103537.50    | 0.05%             | 2024-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                     | CUSIP: 85571BAS4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    150000 | PA      | $149485.50    | 0.07%             | 2023-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                                    | DCP Midstream Operating LP                                                      | CUSIP: 23311VAG2<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    455000 | PA      | $449347.84    | 0.21%             | 2025-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4225067 | PA      | $3014541.56   | 1.38%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| FLY LEASING LTD                                            | Fly Leasing Ltd                                                                 | CUSIP: 14308CAA1<br>LEI: 549300LI58A0MHGHTZ98 | Long             | DBT              | CORP              | BM        |    355000 | PA      | $265337.42    | 0.12%             | 2024-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                   | Celanese US Holdings LLC                                                        | CUSIP: 15089QAL8<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    615000 | PA      | $611911.16    | 0.28%             | 2025-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3017474 | PA      | $2724724.24   | 1.25%             | 2031-07-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Welltower Inc                                              | Welltower Inc                                                                   | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |      7982 | NS      | $566961.46    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Note/Bond                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1045000 | PA      | $967931.25    | 0.44%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                     | HAT Holdings I LLC / HAT Holdings II LLC                                        | CUSIP: 418751AB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    270000 | PA      | $260849.70    | 0.12%             | 2025-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                                   | EQM Midstream Partners LP                                                       | CUSIP: 26885BAA8<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62075.00     | 0.03%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                    | CUSIP: 87470LAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $364500.00    | 0.17%             | 2025-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc                                 | Mondelez International Inc                                                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      9456 | NS      | $639320.16    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN BRAND INTELLECT                                   | Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd            | CUSIP: 41984LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    340000 | PA      | $322231.60    | 0.15%             | 2026-01-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2384334 | PA      | $2215381.85   | 1.02%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2494515 | PA      | $2575415.75   | 1.18%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| RANGE RESOURCES CORP                                       | Range Resources Corp                                                            | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93894.30     | 0.04%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Clorox Co/The                                              | Clorox Co/The                                                                   | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      1494 | NS      | $222083.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | Philip Morris International Inc                                                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1851 | NS      | $184489.17    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR CANADA 2020-1C PTT                                     | Air Canada 2020-1 Class C Pass Through Trust                                    | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    290000 | PA      | $294333.91    | 0.14%             | 2026-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Royal Gold Inc                                             | Royal Gold Inc                                                                  | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2895 | NS      | $325195.35    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                                | Ashland Inc                                                                     | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      3310 | NS      | $370289.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                            | Four Corners Property Trust Inc                                                 | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |     18070 | NS      | $490419.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                                   | EQT Corp                                                                        | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    405000 | PA      | $406170.45    | 0.19%             | 2025-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc.                                     | SS&C Technologies Inc. 2018 Term Loan B3                                        | CUSIP: 78466DBD5<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |     67248 | PA      | $65959.17     | 0.03%             | 2025-04-16      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                       | Oceaneering International Inc                                                   | CUSIP: 675232AA0<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    650000 | PA      | $629921.50    | 0.29%             | 2024-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                           | Cinemark USA Inc                                                                | CUSIP: 172441BC0<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    420000 | PA      | $428410.50    | 0.20%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                   | Performance Food Group Inc                                                      | CUSIP: 71376LAD2<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    355000 | PA      | $355000.00    | 0.16%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                   | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZQ9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395500.00    | 0.18%             | 2024-03-18      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                              | Carnival Corp                                                                   | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    285000 | PA      | $288448.50    | 0.13%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AngloGold Ashanti Ltd                                      | AngloGold Ashanti Ltd                                                           | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |      2900 | NS      | $53157.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWNSQUARE MEDIA INC                                       | Townsquare Media Inc                                                            | CUSIP: 892231AB7<br>LEI: 549300XBA8C68H0DR538 | Long             | DBT              | CORP              | US        |    215000 | PA      | $199457.30    | 0.09%             | 2026-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                                      | Costco Wholesale Corp                                                           | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1900 | NS      | $1024575.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                                            | Nomad Foods Ltd                                                                 | CUSIP: 000000000<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |     18625 | NS      | $325751.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG Resources Inc                                                               | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      2942 | NS      | $417558.06    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS THEME PARKS                                      | Six Flags Theme Parks Inc                                                       | CUSIP: 83001WAC8<br>LEI: 5493003MX0ZXTM8EVY68 | Long             | DBT              | CORP              | US        |    380000 | PA      | $380940.89    | 0.17%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Constellium SE                                             | Constellium SE                                                                  | CUSIP: 210383AG0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $287781.00    | 0.13%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                     | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAA3<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    220000 | PA      | $205350.20    | 0.09%             | 2026-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Note/Bond                                                | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    925000 | PA      | $961132.81    | 0.44%             | 2032-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1053385 | PA      | $1233304.21   | 0.57%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  1 | On Loan: No      |
| Olin Corp                                                  | Olin Corp                                                                       | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |      3371 | NS      | $192079.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                                       | Evolution Mining Ltd                                                            | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |     10000 | NS      | $18637.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                                  | Linde PLC                                                                       | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |      3417 | NS      | $1149752.16   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp              | CUSIP: 505742AG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $451373.50    | 0.21%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CAQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2264764 | PA      | $2170988.23   | 1.00%             | 2025-10-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                                | Northern Star Resources Ltd                                                     | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     15000 | NS      | $109826.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                                     | Agnico Eagle Mines Ltd                                                          | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      2700 | NS      | $135999.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Navient Corp                                               | Navient Corp                                                                    | CUSIP: 63938CAB4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    590000 | PA      | $573237.10    | 0.26%             | 2024-10-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SEC LENDING CASH INVST LLC                                 | SEC LENDING CASH INVST LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    652425 | NS      | $652425.36    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                        | Sun Communities Inc                                                             | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |      5523 | NS      | $811328.70    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                     | HAT Holdings I LLC / HAT Holdings II LLC                                        | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              |  | US        |    245000 | PA      | $213103.45    | 0.10%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | US 10YR ULTRA FUT MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -12 | NC      | $1380.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                | PepsiCo Inc                                                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      7102 | NS      | $1317492.02   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR CORP                                                   | NCR Corp                                                                        | CUSIP: 62886EAU2<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     98000 | PA      | $95305.00     | 0.04%             | 2027-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                                    | Penske Automotive Group Inc                                                     | CUSIP: 70959WAJ2<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131087.51    | 0.06%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                      | Tenet Healthcare Corp                                                           | CUSIP: 88033GCY4<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    375000 | PA      | $355867.50    | 0.16%             | 2026-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Estee Lauder Cos Inc/The                                   | Estee Lauder Cos Inc/The                                                        | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |       832 | NS      | $196177.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                | Phillips 66                                                                     | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     10575 | NS      | $1146753.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                                             | SSR Mining Inc                                                                  | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |      1272 | NS      | $19271.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                               | Prologis Inc                                                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     10721 | NS      | $1262826.59   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6280880 | PA      | $5954813.54   | 2.73%             | 2026-04-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Resolute Investment Managers, Inc.                         | Resolute Investment Managers, Inc. 2020 Term Loan C                             | CUSIP: 04635WAH7<br>LEI: 5493000DRVCSZDWGPC49 | Long             | LON              | CORP              | US        |     93341 | PA      | $77706.00     | 0.04%             | 2024-04-30      | Floating      | 7.92%                 | No            |                  3 | On Loan: No      |
| Crown Holdings Inc                                         | Crown Holdings Inc                                                              | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      3249 | NS      | $267100.29    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                      | American Homes 4 Rent                                                           | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     13098 | NS      | $433150.86    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                              | Westlake Corp                                                                   | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      4005 | NS      | $431138.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                   | Service Properties Trust                                                        | CUSIP: 81761LAA0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    210000 | PA      | $203175.00    | 0.09%             | 2025-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1833795 | PA      | $1533128.78   | 0.70%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                          | Gaming and Leisure Properties Inc                                               | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |      7228 | NS      | $380265.08    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                    | Procter & Gamble Co/The                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     11229 | NS      | $1674917.64   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GIP II Blue Holding, L.P                                   | GIP II Blue Holding, L.P Term Loan B                                            | CUSIP: 31575AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    173605 | PA      | $172013.45    | 0.08%             | 2028-09-29      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| SSR Mining Inc                                             | SSR Mining Inc                                                                  | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |      5750 | NS      | $87170.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                             | ALLSPRING GOVERNMENT MONEY MAR                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2111826 | NS      | $2111825.59   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                                        | Terreno Realty Corp                                                             | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |      8141 | NS      | $477388.24    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC                                            | Gen Digital Inc                                                                 | CUSIP: 871503AU2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    285000 | PA      | $276450.00    | 0.13%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SilverCrest Metals Inc                                     | SilverCrest Metals Inc                                                          | CUSIP: 828363101<br>LEI: 549300M4CUMXUHSXYQ10 | Long             | EC               | CORP              | CA        |     13000 | NS      | $86302.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Inc                                              | TransDigm Inc                                                                   | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    305000 | PA      | $303517.70    | 0.14%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                                          | Newell Brands Inc                                                               | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    195000 | PA      | $183955.20    | 0.08%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $140705.40    | 0.06%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1822811 | PA      | $1972516.75   | 0.91%             | 2041-02-15      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| NSG HOLDINGS LLC/NSG HLD                                   | NSG Holdings LLC / NSG Holdings Inc                                             | CUSIP: 62940QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    554386 | PA      | $539351.48    | 0.25%             | 2025-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810FR4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3463878 | PA      | $3492247.51   | 1.60%             | 2025-01-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                   | United Wholesale Mortgage LLC                                                   | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    650000 | PA      | $602316.00    | 0.28%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                                       | Endeavour Mining PLC                                                            | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |      7480 | NS      | $158758.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2612604 | PA      | $2765958.10   | 1.27%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| American Tower Corp                                        | American Tower Corp                                                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      5657 | NS      | $1251611.25   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3055066 | PA      | $2099840.74   | 0.96%             | 2051-02-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Gray Television, Inc.                                      | Gray Television, Inc. 2017 Term Loan B                                          | CUSIP: 389376AX2<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |     69582 | PA      | $69408.06     | 0.03%             | 2024-02-07      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                              | CoreCivic Inc                                                                   | CUSIP: 21871NAB7<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    335000 | PA      | $342218.76    | 0.16%             | 2026-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                  | Block Inc                                                                       | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     85000 | PA      | $75964.50     | 0.03%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                                            | Gold Fields Ltd                                                                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     11000 | NS      | $122650.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Realty Investment Trust                            | Federal Realty Investment Trust                                                 | CUSIP: 313745101<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EC               |  | US        |      2735 | NS      | $303858.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4031779 | PA      | $3895024.39   | 1.79%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| Newmont Corp                                               | Newmont Corp                                                                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      3790 | NS      | $179911.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                        | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |      2887 | NS      | $449246.07    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVIVA PARTNERS LP/FIN C                                   | Enviva Partners LP / Enviva Partners Finance Corp                               | CUSIP: 29413XAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | PA      | $648312.61    | 0.30%             | 2026-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chevron Corp                                               | Chevron Corp                                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11015 | NS      | $2019159.65   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                   | Western Midstream Operating LP                                                  | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    385000 | PA      | $374425.98    | 0.17%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                   | Live Nation Entertainment Inc                                                   | CUSIP: 538034AK5<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187030.30    | 0.09%             | 2024-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC                                         | Enact Holdings Inc                                                              | CUSIP: 37255LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $729172.50    | 0.33%             | 2025-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Barrick Gold Corp                                          | Barrick Gold Corp                                                               | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     10356 | NS      | $169009.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2119379 | PA      | $2347522.47   | 1.08%             | 2028-04-15      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| Clearwater Paper Corp                                      | Clearwater Paper Corp                                                           | CUSIP: 18538RAH6<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |    315000 | PA      | $305804.44    | 0.14%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                                   | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd       | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180500 | PA      | $179595.70    | 0.08%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                  | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    530000 | PA      | $528675.00    | 0.24%             | 2025-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828ZJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4297260 | PA      | $4119326.58   | 1.89%             | 2025-04-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810FS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3364470 | PA      | $3392397.73   | 1.56%             | 2026-01-15      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.                            | Live Nation Entertainment, Inc. Term Loan B4                                    | CUSIP: 53803HAM2<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    122125 | PA      | $119468.72    | 0.05%             | 2026-10-17      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                | Walmart Inc                                                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      7370 | NS      | $1123335.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ExGen Renewables IV, LLC                                   | ExGen Renewables IV, LLC 2020 Term Loan                                         | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |    306706 | PA      | $303574.70    | 0.14%             | 2027-12-15      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                       | Las Vegas Sands Corp                                                            | CUSIP: 517834AG2<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    550000 | PA      | $525559.83    | 0.24%             | 2024-08-08      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                | Avient Corp                                                                     | CUSIP: 73179PAM8<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48748.97     | 0.02%             | 2025-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2368765 | PA      | $1962342.75   | 0.90%             | 2043-02-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| DAE FUNDING LLC                                            | DAE Funding LLC                                                                 | CUSIP: 23371DAF1<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |    370000 | PA      | $343260.10    | 0.16%             | 2025-03-20      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                       | Carnival Corporation USD Term Loan B                                            | CUSIP: 000000000<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | PA        |     78422 | PA      | $75309.03     | 0.03%             | 2025-06-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                      | Antero Resources Corp                                                           | CUSIP: 03674XAN6<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    390000 | PA      | $410263.81    | 0.19%             | 2026-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                              | PRA Group Inc                                                                   | CUSIP: 69354NAC0<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    290000 | PA      | $281557.09    | 0.13%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1791161 | PA      | $1575451.86   | 0.72%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                     | Agnico Eagle Mines Ltd                                                          | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      2489 | NS      | $125361.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                         | Steel Dynamics Inc                                                              | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      5038 | NS      | $523599.34    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $107123.24    | 0.05%             | 2026-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4844868 | PA      | $4422960.76   | 2.03%             | 2030-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| HAWAIIAN AIRLINES 13-1A                                    | Hawaiian Airlines 2013-1 Class A Pass Through Certificates                      | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181052 | PA      | $151818.62    | 0.07%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                            | Murphy Oil Corp                                                                 | CUSIP: 626717AJ1<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199110.98    | 0.09%             | 2025-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3274299 | PA      | $3122990.52   | 1.43%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                              | Martin Marietta Materials Inc                                                   | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       897 | NS      | $328732.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                             | Wyndham Hotels & Resorts, Inc. Term Loan B                                      | CUSIP: 98310CAC6<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    157300 | PA      | $156485.19    | 0.07%             | 2025-05-30      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    660678 | NS      | $660677.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                                           | Life Storage Inc                                                                | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |      5329 | NS      | $572814.21    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                   | Northriver Midstream Finance LP                                                 | CUSIP: 66679NAA8<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    555000 | PA      | $525594.93    | 0.24%             | 2026-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3198226 | PA      | $2748475.81   | 1.26%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| DISH DBS Corp                                              | DISH DBS Corp                                                                   | CUSIP: 25470XAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198475.00    | 0.09%             | 2023-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI                                   | Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op | CUSIP: 150190AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $373807.50    | 0.17%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Newcrest Mining Ltd                                        | Newcrest Mining Ltd                                                             | CUSIP: 000000000<br>LEI: 5299006MN50OZJUJI655 | Long             | EC               | CORP              | AU        |      9000 | NS      | $122554.93    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                     | CUSIP: 85571BAL9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    495000 | PA      | $473770.49    | 0.22%             | 2025-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Videotron Ltd                                              | Videotron Ltd                                                                   | CUSIP: 92660FAG9<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $356400.00    | 0.16%             | 2024-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                                                 | Ecolab Inc                                                                      | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      2032 | NS      | $304454.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4003758 | PA      | $3821047.42   | 1.75%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                    | Starwood Property Trust Inc                                                     | CUSIP: 85571BAW5<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    110000 | PA      | $103950.00    | 0.05%             | 2024-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                   | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAK5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    335000 | PA      | $335837.50    | 0.15%             | 2025-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dundee Precious Metals Inc                                 | Dundee Precious Metals Inc                                                      | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |      8800 | NS      | $41541.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                    | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153AZ5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    221000 | PA      | $237022.50    | 0.11%             | 2025-06-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Camden Property Trust                                      | Camden Property Trust                                                           | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |      3230 | NS      | $388665.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| QVC Inc                                                    | QVC Inc                                                                         | CUSIP: 747262AS2<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    430000 | PA      | $409405.15    | 0.19%             | 2024-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Inst'l Holdco, Inc.                 | Russell Investments US Inst'l Holdco, Inc. 2020 Term Loan                       | CUSIP: 78249LAD2<br>LEI: 5493008YG7V0FQCJQI74 | Long             | LON              | CORP              | US        |    361938 | PA      | $339316.46    | 0.16%             | 2025-05-30      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828WU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2849795 | PA      | $2765915.11   | 1.27%             | 2024-07-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Claros Mortgage Trust, Inc.                                | Claros Mortgage Trust, Inc. 2021 Term Loan B                                    | CUSIP: 18269PAC6<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | LON              | CORP              | US        |    119100 | PA      | $117164.63    | 0.05%             | 2026-08-09      | Floating      | 8.40%                 | No            |                  3 | On Loan: No      |
| NEXTERA ENERGY OPERATING                                   | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    755000 | PA      | $729550.54    | 0.33%             | 2024-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                        | Buckeye Partners LP                                                             | CUSIP: 118230AT8<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33608.05     | 0.02%             | 2025-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp                                    | SBA Communications Corp                                                         | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      2923 | NS      | $874853.90    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC                                              | TransDigm Inc                                                                   | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    364000 | PA      | $370370.00    | 0.17%             | 2025-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                               | Navient Corp                                                                    | CUSIP: 63938CAE8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     87000 | PA      | $87007.52     | 0.04%             | 2023-09-25      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sysco Corp                                                 | Sysco Corp                                                                      | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      5485 | NS      | $474507.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                   | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    201000 | PA      | $199116.63    | 0.09%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                                    | Sherwin-Williams Co/The                                                         | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1085 | NS      | $270360.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1813483 | PA      | $1544105.21   | 0.71%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  1 | On Loan: No      |
| Four Seasons Hotels Limited                                | Four Seasons Hotels Limited New 1st Lien Term Loan                              | CUSIP: 35100DAR7<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |     99988 | PA      | $99800.81     | 0.05%             | 2023-11-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                  | IQVIA Inc                                                                       | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240625.00    | 0.11%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                                            | Sealed Air Corp                                                                 | CUSIP: 81211KAX8<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297588.00    | 0.14%             | 2025-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hubbard Radio, LLC                                         | Hubbard Radio, LLC 2015 Term Loan B                                             | CUSIP: 44344HAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26302 | PA      | $23046.98     | 0.01%             | 2025-03-28      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Lundin Gold Inc                                            | Lundin Gold Inc                                                                 | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     12000 | NS      | $118380.85    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARAMARK SERVICES INC                                       | Aramark Services Inc                                                            | CUSIP: 038522AR9<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    590000 | PA      | $588831.80    | 0.27%             | 2025-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                   | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 81282UAC6<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255617.78    | 0.12%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4936633 | PA      | $4472538.06   | 2.05%             | 2031-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| WESCO DISTRIBUTION INC                                     | WESCO Distribution Inc                                                          | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    575000 | PA      | $582187.50    | 0.27%             | 2025-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                   | Live Nation Entertainment Inc                                                   | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    335000 | PA      | $335634.16    | 0.15%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                | Vistra Operations Co LLC                                                        | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    825000 | PA      | $798148.83    | 0.37%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                    | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAL5<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    625000 | PA      | $616319.22    | 0.28%             | 2024-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp                               | Wheaton Precious Metals Corp                                                    | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      4400 | NS      | $171728.06    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                          | Kinross Gold Corp                                                               | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     25500 | NS      | $105400.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Triple Flag Precious Metals Corp                           | Triple Flag Precious Metals Corp                                                | CUSIP: 89679M104<br>LEI: 254900R7NJ1TEYIM4E61 | Long             | EC               | CORP              | CA        |      2000 | NS      | $25424.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERICAN AIRLINES/AADVAN                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    170000 | PA      | $164869.09    | 0.08%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VICI Properties Inc                                        | VICI Properties Inc                                                             | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     17664 | NS      | $604108.80    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Television Inc                                        | Gray Television Inc                                                             | CUSIP: 389375AJ5<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    460000 | PA      | $423717.50    | 0.19%             | 2026-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                      | Tenet Healthcare Corp                                                           | CUSIP: 88033GCS7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    235000 | PA      | $229946.33    | 0.11%             | 2024-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2712923 | PA      | $2750790.93   | 1.26%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                     | US 2YR NOTE (CBT) MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        14 | NC      | $6867.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CRESTWOOD MID PARTNER LP                                   | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp              | CUSIP: 226373AP3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $589800.00    | 0.27%             | 2025-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2585083 | PA      | $2468855.43   | 1.13%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                   | Simon Property Group Inc                                                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      2459 | NS      | $293702.96    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SeaWorld Parks & Entertainment, Inc.                       | SeaWorld Parks & Entertainment, Inc. 2021 Term Loan B                           | CUSIP: 78488CAH3<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |    370283 | PA      | $362647.95    | 0.17%             | 2028-08-25      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                      | Uber Technologies Inc                                                           | CUSIP: 90353TAF7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    525000 | PA      | $528180.98    | 0.24%             | 2025-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                                           | CUSIP: 501797AU8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    294000 | PA      | $308257.43    | 0.14%             | 2025-07-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3080166 | PA      | $2937026.91   | 1.35%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3314572 | PA      | $3203352.18   | 1.47%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                                    | Uber Technologies, Inc. 2021 1st Lien Term Loan B                               | CUSIP: 90351JAG9<br>LEI: 549300B2FTG34FILDR98 | Long             | LON              | CORP              | US        |    117846 | PA      | $117551.55    | 0.05%             | 2025-04-04      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY KY LTD/IP                                   | Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd                                | CUSIP: 84859BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    545000 | PA      | $551104.00    | 0.25%             | 2025-09-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                          | Clarios Global LP 2021 USD Term Loan B                                          | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |    118779 | PA      | $116725.56    | 0.05%             | 2026-04-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Co                                     | Southwestern Energy Co                                                          | CUSIP: 845467AL3<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31680.00     | 0.01%             | 2025-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3258330 | PA      | $3092390.65   | 1.42%             | 2026-10-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Range Resources Corp                                       | Range Resources Corp                                                            | CUSIP: 75281AAS8<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218034.00    | 0.10%             | 2025-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Co                                     | Southwestern Energy Co                                                          | CUSIP: 845467AN9<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113167.76    | 0.05%             | 2027-10-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828B25<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3319816 | PA      | $3254521.57   | 1.49%             | 2024-01-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1378042 | PA      | $1203471.94   | 0.55%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| USA COM PART/USA COM FIN                                   | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $110112.50    | 0.05%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Torex Gold Resources Inc                                   | Torex Gold Resources Inc                                                        | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |      6400 | NS      | $59235.03     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                                     | Church & Dwight Co Inc                                                          | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      7031 | NS      | $575627.97    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                       | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AG6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195487.50    | 0.09%             | 2026-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                            | CUSIP: 85172FAP4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    475000 | PA      | $463267.50    | 0.21%             | 2024-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| STERICYCLE INC                                             | Stericycle Inc                                                                  | CUSIP: 858912AF5<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212506.00    | 0.10%             | 2024-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCM MERGER INC                                             | CCM Merger Inc                                                                  | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |    145000 | PA      | $134230.85    | 0.06%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC                                  | Mileage Plus Holdings LLC 2020 Term Loan B                                      | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    403750 | PA      | $414853.13    | 0.19%             | 2027-06-21      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Apartment Income REIT Corp                                 | Apartment Income REIT Corp                                                      | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               |  | US        |      9104 | NS      | $346407.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2780239 | PA      | $3174975.03   | 1.46%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                   | Fortress Transportation and Infrastructure Investors LLC                        | CUSIP: 34960PAB7<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    505000 | PA      | $485027.25    | 0.22%             | 2025-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Yamana Gold Inc                                            | Yamana Gold Inc                                                                 | CUSIP: 98462Y100<br>LEI: 54930002VY22NXG01418 | Long             | EC               | CORP              | CA        |      3000 | NS      | $16347.62     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevens Holding Co Inc                                     | Stevens Holding Co Inc                                                          | CUSIP: 86024TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $216808.15    | 0.10%             | 2026-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                                   | Pan American Silver Corp                                                        | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      2500 | NS      | $40975.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5235034 | PA      | $4923658.29   | 2.26%             | 2032-07-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                             | Sabre GLBL Inc                                                                  | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52387.50     | 0.02%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRI POINTE GROUP / HOMES                                   | TRI Pointe Group Inc / TRI Pointe Homes Inc                                     | CUSIP: 962178AN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $534119.27    | 0.25%             | 2024-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc                      | Mid-America Apartment Communities Inc                                           | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |      2502 | NS      | $412529.76    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1574539 | PA      | $1376655.58   | 0.63%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                            | Alamos Gold Inc                                                                 | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |     11000 | NS      | $106634.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                                       | OneMain Finance Corp                                                            | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $98356.95     | 0.05%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                                         | Franco-Nevada Corp                                                              | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1400 | NS      | $204502.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FMG RESOURCES AUG 2006                                     | FMG Resources August 2006 Pty Ltd                                               | CUSIP: 30251GAW7<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    300000 | PA      | $297562.50    | 0.14%             | 2024-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                    | American Airlines, Inc. 2017 Incremental Term Loan                              | CUSIP: 02376CBA2<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    150000 | PA      | $149146.50    | 0.07%             | 2023-12-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| PARK AEROSPACE HOLDINGS                                    | Park Aerospace Holdings Ltd                                                     | CUSIP: 70014LAB6<br>LEI: 635400CPI3EOIFF6OC33 | Long             | DBT              | CORP              | KY        |    415000 | PA      | $408895.80    | 0.19%             | 2024-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                                            | Sealed Air Corp                                                                 | CUSIP: 81211KAW0<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49925.00     | 0.02%             | 2024-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6745095 | PA      | $6042305.27   | 2.77%             | 2032-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828N71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4927463 | PA      | $4769918.71   | 2.19%             | 2026-01-15      | Fixed         | 0.63%                 | No            |                  1 | On Loan: No      |
| SkyMiles IP Ltd.                                           | SkyMiles IP Ltd. 2020 Skymiles Term Loan B                                      | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |    215000 | PA      | $217848.75    | 0.10%             | 2027-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1428055 | PA      | $1549244.65   | 0.71%             | 2040-02-15      | Fixed         | 2.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828H45<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5200116 | PA      | $5019127.57   | 2.30%             | 2025-01-15      | Fixed         | 0.25%                 | No            |                  1 | On Loan: No      |
| Equinix Inc                                                | Equinix Inc                                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      1908 | NS      | $1317760.20   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertical US Newco Inc                                      | Vertical US Newco Inc Term Loan B                                               | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |       855 | PA      | $819.03       | 0.00%             | 2027-07-30      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828YL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4280049 | PA      | $4139024.72   | 1.90%             | 2024-10-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| SS&C European Holdings Sarl                                | SS&C European Holdings Sarl 2018 Term Loan B4                                   | CUSIP: 78466DBE3<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |     56185 | PA      | $55108.23     | 0.03%             | 2025-04-16      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4375539 | PA      | $3990001.60   | 1.83%             | 2030-07-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                   | Prime Security Services Borrower LLC / Prime Finance Inc                        | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $242550.00    | 0.11%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                   | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAS6<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    529000 | PA      | $494615.00    | 0.23%             | 2025-05-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 9128286N5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3665576 | PA      | $3574151.61   | 1.64%             | 2024-04-15      | Fixed         | 0.50%                 | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                     | US ULTRA BOND CBT MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -12 | NC      | $22852.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828XL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2916018 | PA      | $2816273.77   | 1.29%             | 2025-07-15      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                       | Invitation Homes Inc                                                            | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |     14353 | NS      | $468338.39    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5256289 | PA      | $4952871.43   | 2.27%             | 2027-04-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| Artemis Gold Inc                                           | Artemis Gold Inc                                                                | CUSIP: 04302L100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4000 | NS      | $13827.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4203519 | PA      | $3997735.63   | 1.83%             | 2026-07-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| G-III APPAREL GROUP LTD                                    | G-III Apparel Group Ltd                                                         | CUSIP: 36237HAA9<br>LEI: 529900O5KABM3R3SFM87 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387500.00    | 0.18%             | 2025-08-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                               | US Foods Inc                                                                    | CUSIP: 90290MAC5<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    370000 | PA      | $373455.80    | 0.17%             | 2025-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                   | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AG6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    280000 | PA      | $278210.80    | 0.13%             | 2025-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-21

**Name of Applicant:** ALLSPRING MASTER TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer