# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001752724-23-039238
**Filing Date:** 2023-2
**Character Count:** 239563
**Document Hash:** d725123f820adf5e42937582c01dd355
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-039238.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-039238

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds V
- **CENTRAL INDEX KEY:** 0001738078
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23339
- **FILM NUMBER:** 23665246

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### BlackRock Sustainable Low Duration Bond Fund (Series ID: S000073723)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000230836 | Institutional |  |
| C000230837 | Class K       |  |
| C000230838 | Investor A    |  |

## Nport-Ex

Schedule of Investments (unaudited)

December 01, 2023

BlackRock Sustainable Low Duration Bond Fund
(Percentages shown are based on Net Assets)

| Security | Fee (000) | Value | Security | Fee (000) | Value |
| --- | --- | --- | --- | --- | --- |
| Asset-Backed Securities |  |  | Asset-Backed Securities (continued) |  |  |
| ASG Class 2 (2nd) Ltd. Series 2020-24, Class 2 |  |  | MTS Midlands Housing Mortgage Loan Trust |  |  |
| Schweizer of Investments |  |  | Series 2021-31A, Class 2 | BlackRock Sustainable Low Duration Bond Fund |  |
| 2.25% 1923.00 | 1.00 | 250 8 | 1963.00 | Average: 1.30% 1.15% 1923.00 | (Percentage available based on Net Assets) |
| ASG Form 2A, Series 2020-24, Class 2 |  |  | Model: Solar auto Trust |  |  |
| 2.00% 1923.00 (Model = 1.15%) 5.30% |  |  | Series 2021-24, Class A, 1.15% 1923.00 | 58 | 77.00% |

2

3

(unpublished) (continued)

December 01, 2022

| Description | Page | Date | Page | Date | Page |
| --- | --- | --- | --- | --- | --- |
| Additional Deposit and Bank Deposits |  |  |  |  |  |
| Additional Deposit and Bank Deposits |  |  |  |  |  |
| Total Deposit & Bank Deposits | 240 | 06/07/2 | 25 | 26,400 |  |
| Total Deposit & Bank Deposits | 0 | 0,170 |  |  |  |
| Total Deposit & Bank Deposits | 60 | 04/07/2 |  |  |  |
| Total Deposit & Bank Deposits | 21 | 11/07/2 |  |  |  |
| Total Deposit & Bank Deposits | 240 | 06/07/2 |  |  |  |
| Total Deposit & Bank Deposits |  | 06/07/2 |  |  |  |

Schedule of Investments

(unaudited) (continued)

BlackRock Sustainable Low Duration-Bond Fund

(Percentages shown are based on fact sheets)

December 31, 2022

Amount received, basis 1000,000,000

| Balance, 2017-2018 | 2018-2019 | 2020-2021 |
| --- | --- | --- |
| Pre-tax income | $1,000 | $1,000 |
| Pre-tax income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |

| 2018, 2019, 2020, 2021, 2022 | 2023 | 2024 |
| --- | --- | --- |
| Pre-tax income | $1,000 | $1,000 |
| Pre-tax income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |
| Net income | $1,000 | $1,000 |

8

Schedule of Investments

(unqualified) (continued)

BlackRock Sustainable Low Duration Bond Fund
(Percentages shown are based on last 4 years)

December 31, 2022

| 1. **1.000,000,000.000** | 1. **1.000,000,000.000** | 1. **1.000,000,000.000** | 1. **1.000,000,000.000** |
| --- | --- | --- | --- |
| 2. **1.000,000,000.000** | 2. **1.000,000,000.000** | 2. **1.000,000,000.000** | 2. **1.000,000,000.000** |
| 3. **1.000,000,000.000** | 3. **1.000,000,000.000** | 3. **1.000,000,000.000** | 3. **1.000,000,000.000** |
| 4. **1.000,000,000.000** | 4. **1.000,000,000.000** | 4. **1.000,000,000.000** | 4. **1.000,000,000.000** |
| 5. **1.000,000,000.000** | 5. **1.000,000,000.000** | 5. **1.000,000,000.000** | 5. **1.000,000,000.000** |
| 6. **1.000,000,000.000** | 6. **1.000,000,000.000** | 6. **1.000,000,000.000** | 6. **1.000,000,000.000** |
| 7. **1.000,000,000.000** | 7. **1.000,000,000.000** | 7. **1.000,000,000.000** | 7. **1.000,000,000.000** |
| 8. **1.000,000,000.000** | 8. **1.000,000,000.000** | 8. **1.000,000,000.000** | 8. **1.000,000,000.000** |
| 9. **1.000,000,000.000** | 9. **1.000,000,000.000** | 9. **1.000,000,000.000** | 9. **1.000,000,000.000** |
| 10. **1.000,000,000.000** | 10. **1.000,000,000.000** | 10. **1.000,000,000.000** | 10. **1.000,000,000.000** |

6

Schedule of Investments

(unaudited) (continued)

BlackRock Sustainable Low Duration Bond Fund
(Percentages shown are based on last 6 months)

December 31, 2012[{"box_2d": [0, 35, 476, 429], "label": "table", "caption": "

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

| Description | Value | Amount |
| --- | --- | --- |
| Stockholders' equity | $1,000 | $1,000 |
| Stockholders' equity | $1,000 | $1,000 |

<table><thead><tr><th>Description</th><th

Schedule of Investments

(unaudited) (continued)

BlackRock Sustainable Low Duration Bond Fund

(Percentages shown are based on last 6 months)

December 31, 2022

| 1.0 | 1.0 | 1.0 | 1.0 |
| --- | --- | --- | --- |
| 1.0 | 1.0 | 1.0 | 1.0 |
| 1.0 | 1.0 | 1.0 | 1.0 |
| 1.0 | 1.0 | 1.0 | 1.0 |
| 1.0 | 1.0 | 1.0 | 1.0 |
| 1.0 | 1.0 | 1.0 | 1.0 |

7

# Schedule of Investments

(unaudited) (continued)

# BlackRock Sustainable Low Duration Bond Fund
(Percentages shown are based on fact sheets)

December 31, 2022

| Item | Value | Amount |
| --- | --- | --- |
| 1. The Stock Exchange (1st) is a stock market | 10 | 10,000 |
| 2. The Stock Exchange (2nd) is a stock market | 10 | 10,000 |
| 3. The Stock Exchange (3rd) is a stock market | 10 | 10,000 |
| 4. The Stock Exchange (4th) is a stock market | 10 | 10,000 |
| 5. The Stock Exchange (5th) is a stock market | 10 | 10,000 |
| 6. The Stock Exchange (6th) is a stock market | 10 | 10,000 |
| 7. The Stock Exchange (7th) is a stock market | 10 | 10,000 |
| 8. The Stock Exchange (8th) is a stock market | 10 | 10,000 |
| 9. The Stock Exchange (9th) is a stock market | 10 | 10,000 |

6

Schedule of Investments

(unaudited) (continued)

BlackRock Sustainable Low Duration Bond Fund

December 31, 2022

| Distribution: Financial Statements, Outstanding as of Period End |  |
| --- | --- |
| 1 | 1,000,000 |
| 2 | 1,000,000 |
| 3 | 1,000,000 |
| 4 | 1,000,000 |
| 5 | 1,000,000 |
| 6 | 1,000,000 |
| 7 | 1,000,000 |
| 8 | 1,000,000 |
| 9 | 1,000,000 |
| 10 | 1,000,000 |

| 1 | 1,000,000 |
| --- | --- |
| 2 | 1,000,000 |
| 3 | 1,000,000 |
| 4 | 1,000,000 |
| 5 | 1,000,000 |
| 6 | 1,000,000 |
| 7 | 1,000,000 |

Note: A total of 1,000,000 shares are made periodically. The total shown is the whole market and the total of the company's share is the total of the company's share.

9

Schedule of Investments

(unaudited) (continued)

BlackRock Sustainable Low Duration Bond Fund

December 31, 2022[{"box_2d": [0, 34, 476, 92], "label": "table", "caption": "

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

| Description | Value | Value |
| --- | --- | --- |
| Investment in the U.S. stock market | $1,000 | $1,000 |
| Investment in the U.S. stock market | $1,000 | $1,000 |

<table><thead><tr

Schedule of Investments

(unaudited) (continued)

BlackRock Sustainable Low Duration Bond Fund

December 31, 2022

| Description | Amount | Amount |
| --- | --- | --- |
| Investment in the Company | $1,000 | $1,000 |
| Investment in the Company | $1,000 | $1,000 |
| Investment in the Company | $1,000 | $1,000 |
| Investment in the Company | $1,000 | $1,000 |
| Investment in the Company | $1,000 | $1,000 |

ii

to work on a new version.  
The version of the version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.  
The version is designed to be the first version of the version.

Přebyslové vzdělávání na 1.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000

| Statement (Description) | By the Fund | Frequency | Date | Amount (R$) | Value | (Decrease) | (Depreciation) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Total Revenue | 3.00 | Quarterly | 3/23/2017 | Total Money-Market Rebate - 4.2% | 3,000,000 | 3,000,000 | 3,000,000 |
| Net Income | 3.00 | Quarterly | 3/23/2017 | Total Money-Market Rebate - 4.2% | 3,000,000 | 3,000,000 | 3,000,000 |
| Total Revenue | 3.00 | Quarterly | 3/23/2017 | Total Money-Market Rebate - 4.2% | 3,000,000 | 3,000,000 | 3,000,000 |
| Foreign Agency Obligations |  |  |  | 1,000,000 |  |  | 1,000,000 |
| Non-Agency Mortgage-Market Securities |  |  |  | 1,000,000 | 1,000,000 | 25,000 | 1,000,000 |
| U.S. Government Sponsored Agency Securities |  |  |  | 3,250,575 |  |  | 3,250,575 |

| U.S. Treasury Department | - | 12,400,100 | - | 12,400,100 |
| --- | --- | --- | --- | --- |
| Campbell, D. D. & Co. |  |  |  |  |
| Commercial Fund | - | 402,528 | - | 402,528 |
| JDRUSENLOPE | 1,073,732 | - | - | 1,073,732 |
| U.S. Treasury Companies | - | 1,403,008 | - | 1,403,008 |
| Liabilities: |  |  |  | Current |
| Investments | Effective | Commission | National | Real |
| Plan | Year End | Disability | Date | Account |
|  |  |  | Date | Amount |
|  |  |  | 1,073,732 | $44,741,368 |
|  |  |  | 8 | 70,583 |
|  |  |  | 8 | 45,045,101 |

| 1 may 2019 | Annual | 3.000+ | annual | 01/01/23 ** | 09/30/24 | USD | 1,025 | $ | 135.7386 | $ | 239 | $ | 125.6376 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 May 2019 | Annual | 3.000+ | annual | 01/01/23 ** | 02/30/27 | USD | 1,025 |  | 24.000 |  | 422 |  | 25.897 |
| Acquis |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Foreign currency exchange contracts |  |  |  | 0 |  | 0 |  | 13.000 | 4.000 | 0 | 425 | 0 | 7.000 |
| Immovance contracts |  |  |  |  | 137,359 |  |  | 23,837 |  |  |  |  | 13.000 |
| Immovance contracts |  |  |  |  |  |  |  |  |  |  |  |  | 131.388 |
| In 1 May 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit contracts |  |  |  |  |  |  |  | (92.713) |  |  |  |  | (92.713) |
| Foreign currency exchange contracts |  |  |  |  |  |  |  | (36.343) |  |  |  |  | (36.343) |
| Immovance contracts |  |  |  |  |  |  |  | (25.929) |  |  |  |  | (25.929) |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Funds V

- **b. Investment Company Act file number:** 811-23339

- **c. CIK number of Registrant:** 0001738078

- **d. LEI of Registrant:** 54930077DSFQPJDWM487

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Sustainable Low Duration Bond Fund

- **b. EDGAR series identifier (if any):** S000073723

- **c. LEI of Series:** 549300WEN1OK09FQZ791

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $48339453.33

**Total Liabilities:** $2588716.90

**Net Assets:** $45750736.43

**Cash Not Reported:** $61922.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1146.85000000 | **1-Year:** 1096.14000000 | **5-Year:** 5147.62000000 | **10-Year:** 548.10000000 | **30-Year:** 248.50000000

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

- **3-Month:** 0.62000000 | **1-Year:** 186.38000000 | **5-Year:** -25.85000000 | **10-Year:** 11.52000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230837 | -0.32%               | 1.11%                | 0.52%                |
| Class ID C000230836 | -0.32%               | 1.11%                | 0.51%                |
| Class ID C000230838 | -0.34%               | 1.08%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-203835.91              | $-24587.37                                 |
| Month 2  | $-299854.18              | $1156839.30                                |
| Month 3  | $-289291.49              | $359561.46                                 |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SoFi Professional Loan Program LLC                                        | SoFi Professional Loan Program LLC, Series 2019-B, Class A2FX                  | CUSIP: 83404WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40130 | PA      | $37735.47     | 0.08%             | 2048-08-17      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp.                                                | Garda World Security Corp.                                                     | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $4414.90      | 0.01%             | 2027-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                     | Clydesdale Acquisition Holdings, Inc.                                          | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12359.76     | 0.03%             | 2029-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Euro-Schatz                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        -3 | NC      | $3866.94      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anchorage Capital CLO 3-R Ltd.                                            | Anchorage Capital CLO 3-R Ltd., Series 2014-3RA, Class A                       | CUSIP: 03330AAA0<br>LEI: 549300V7DN3VJ8H1GE96 | Long             | ABS-CBDO         | CORP              | KY        |    245208 | PA      | $242372.02    | 0.53%             | 2031-01-28      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                           | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    215000 | PA      | $200873.46    | 0.44%             | 2028-02-01      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                 | Commercial Mortgage Trust, Series 2015-CR22, Class A5                          | CUSIP: 12592XBD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $190312.58    | 0.42%             | 2048-03-10      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                     | Bank of America Corp.                                                          | CUSIP: 06051GJC4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98431.62     | 0.22%             | 2024-05-19      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                          | SMB Private Education Loan Trust, Series 2022-C, Class A1B                     | CUSIP: 78449CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91460 | PA      | $91459.15     | 0.20%             | 2050-05-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                                  | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96083.49     | 0.21%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 5 Year Note                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -41 | NC      | $11561.13     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                                                       | Iron Mountain, Inc.                                                            | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17963.61     | 0.04%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PTC, Inc.                                                                 | PTC, Inc.                                                                      | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |     19000 | PA      | $17100.62     | 0.04%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                                          | CCO Holdings LLC                                                               | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $17251.81     | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                     | International Business Machines Corp.                                          | CUSIP: N/A<br>LEI: VGRQXHF3J8VDLUA7XE92       | Long             | DBT              | CORP              | US        |    100000 | PA      | $100955.42    | 0.22%             | 2025-05-23      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications, Inc.                                         | Consolidated Communications, Inc.                                              | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     13000 | PA      | $10101.79     | 0.02%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Engie SA                                                                  | Engie SA                                                                       | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $96804.00     | 0.21%             | 2028-03-27      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                        | Ryder System, Inc.                                                             | CUSIP: 78355HKH1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109356.36    | 0.24%             | 2023-06-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                            | Enterprise Fleet Financing LLC, Series 2022-4, Class A2                        | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $221004.30    | 0.48%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| AIG CLO LLC                                                               | AIG CLO LLC, Series 2018-1A, Class A1R                                         | CUSIP: 00141UAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $245090.45    | 0.54%             | 2032-04-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                    | Tenet Healthcare Corp.                                                         | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     54000 | PA      | $50232.96     | 0.11%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                          | CVS Health Corp.                                                               | CUSIP: 126650BJ8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52438.33     | 0.11%             | 2027-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                 | Toyota Motor Credit Corp.                                                      | CUSIP: 89236TKK0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101538.06    | 0.22%             | 2025-11-10      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MGIC Investment Corp.                                                     | MGIC Investment Corp.                                                          | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9220.85      | 0.02%             | 2028-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kreditanstalt fuer Wiederaufbau                                           | Kreditanstalt fuer Wiederaufbau                                                | CUSIP: N/A<br>LEI: 549300GDPG70E3MBBU98       | Long             | DBT              | NUSS              | DE        |    200000 | PA      | $180394.37    | 0.39%             | 2028-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ares LVI CLO Ltd.                                                         | Ares LVI CLO Ltd., Series 2020-56A, Class AR                                   | CUSIP: 04018NAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $242427.65    | 0.53%             | 2034-10-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 10 Year Note                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -2 | NC      | $3247.26      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                                                      | American Tower Corp.                                                           | CUSIP: N/A<br>LEI: 5493006ORUSIL88JOE18       | Long             | DBT              | CORP              | US        |    100000 | PA      | $91714.87     | 0.20%             | 2027-01-15      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp.                                                        | Lam Research Corp.                                                             | CUSIP: 512807AN8<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19571.89     | 0.04%             | 2025-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 26 Ltd.                                | Neuberger Berman Loan Advisers CLO 26 Ltd., Series 2017-26A, Class AR          | CUSIP: 64131QAJ9<br>LEI: 549300P0MOXZPIM3AS61 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245859.50    | 0.54%             | 2030-10-18      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust                                                   | Mosaic Solar Loan Trust, Series 2022-1A, Class A                               | CUSIP: 61946QAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90736 | PA      | $75489.80     | 0.17%             | 2053-01-20      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                             | Equinix, Inc.                                                                  | CUSIP: 29444UBK1<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178854.09    | 0.39%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA                                                            | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $104455.15    | 0.23%             | 2024-04-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Consensus Cloud Solutions, Inc.                                           | Consensus Cloud Solutions, Inc.                                                | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12158.13     | 0.03%             | 2026-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                                                   | Fresenius SE & Co. KGaA                                                        | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $88910.29     | 0.19%             | 2028-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd.                                                    | Palmer Square CLO Ltd., Series 2013-2A, Class A1A3                             | CUSIP: 69688AAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245071.95    | 0.54%             | 2031-10-17      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                                                   | GCI LLC                                                                        | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1680.16      | 0.00%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Charles River Laboratories International, Inc.                            | Charles River Laboratories International, Inc.                                 | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     32000 | PA      | $29471.04     | 0.06%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lions Gate Capital Holdings LLC                                           | Lions Gate Capital Holdings LLC                                                | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |      7000 | PA      | $4058.58      | 0.01%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Big River Steel LLC                                                       | Big River Steel LLC                                                            | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     61000 | PA      | $58116.27     | 0.13%             | 2029-01-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | Uniform Mortgage-Backed Securities                                             | CUSIP: 3140M37E4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    947521 | PA      | $884606.62    | 1.93%             | 2051-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXXVII Ltd.                                          | Madison Park Funding XXXVII Ltd., Series 2019-37A, Class AR                    | CUSIP: 55817EAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246231.63    | 0.54%             | 2033-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| APX Group, Inc.                                                           | APX Group, Inc.                                                                | CUSIP: 00213MAV6<br>LEI: 549300OMQVKPRU98OE64 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7700.40      | 0.02%             | 2027-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Crocs, Inc.                                                               | Crocs, Inc.                                                                    | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |     17000 | PA      | $14400.70     | 0.03%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Danaher Corp.                                                             | Danaher Corp.                                                                  | CUSIP: 235851AT9<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102347.65    | 0.22%             | 2026-09-30      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Holdings, Inc.                                       | Cloud Software Group Holdings, Inc.                                            | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $33691.25     | 0.07%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                                    | Aramark Services, Inc.                                                         | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13994.03     | 0.03%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust                                | BAMLL Commercial Mortgage Securities Trust, Series 2015-200P, Class A          | CUSIP: 05526QAA4<br>LEI: 549300UQK6PJ8BF5JQ90 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $185265.72    | 0.40%             | 2033-04-14      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                               | Toronto-Dominion Bank (The)                                                    | CUSIP: 89114QCN6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100002.44    | 0.22%             | 2023-01-06      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| US Foods, Inc.                                                            | US Foods, Inc.                                                                 | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1775.84      | 0.00%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                                 | Bank of Nova Scotia (The)                                                      | CUSIP: 0641596E1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $233066.27    | 0.51%             | 2024-07-31      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| NetApp, Inc.                                                              | NetApp, Inc.                                                                   | CUSIP: 64110DAL8<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91846.95     | 0.20%             | 2025-06-22      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                        | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C20, Class A4  | CUSIP: 61764RBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180000 | PA      | $171510.53    | 0.37%             | 2048-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XV Ltd.                                       | Octagon Investment Partners XV Ltd., Series 2013-1A, Class A1RR                | CUSIP: 67590EBG8<br>LEI: 549300VYCI9AZ4NZBX86 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246744.60    | 0.54%             | 2030-07-19      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Romark CLO II Ltd.                                                        | Romark CLO II Ltd., Series 2018-2A, Class A1                                   | CUSIP: 77587EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244731.73    | 0.53%             | 2031-07-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                           | CSAIL Commercial Mortgage Trust, Series 2016-C5, Class A5                      | CUSIP: 12636LAY6<br>LEI: 549300FU8TZDHFLQZL50 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $190314.64    | 0.42%             | 2048-11-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                      | Clear Channel Outdoor Holdings, Inc.                                           | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $47657.50     | 0.10%             | 2027-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                           | Live Nation Entertainment, Inc.                                                | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1957.10      | 0.00%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Encompass Health Corp.                                                    | Encompass Health Corp.                                                         | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     34000 | PA      | $30885.60     | 0.07%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                           | Live Nation Entertainment, Inc.                                                | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11574.23     | 0.03%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.                                          | Clarivate Science Holdings Corp.                                               | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41000 | PA      | $35522.24     | 0.08%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Veolia Environnement SA                                                   | Veolia Environnement SA                                                        | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $92649.59     | 0.20%             | 2027-01-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Corp.                                                            | Broadcom Corp.                                                                 | CUSIP: 11134LAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4804.86      | 0.01%             | 2025-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Co. LLC                                                | Go Daddy Operating Co. LLC                                                     | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $6697.54      | 0.01%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                                         | NatWest Group plc                                                              | CUSIP: 780097BN0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $197135.62    | 0.43%             | 2024-05-22      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                                                          | Sabre GLBL, Inc.                                                               | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4805.20      | 0.01%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BlueMountain CLO XXII Ltd.                                                | BlueMountain CLO XXII Ltd., Series 2018-22A, Class A1                          | CUSIP: 09629PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246038.15    | 0.54%             | 2031-07-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                          | Goodyear Tire & Rubber Co. (The)                                               | CUSIP: 382550BH3<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8220.02      | 0.02%             | 2025-05-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VMware, Inc.                                                              | VMware, Inc.                                                                   | CUSIP: 928563AG0<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116864.92    | 0.26%             | 2023-08-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| GCAT Trust                                                                | GCAT Trust, Series 2021-NQM7, Class A1                                         | CUSIP: 36167YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69679 | PA      | $61008.04     | 0.13%             | 2066-08-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                     | OneMain Finance Corp.                                                          | CUSIP: 85172FAM1<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1921.35      | 0.00%             | 2025-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley                                                                 | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199413.05    | 0.44%             | 2023-11-10      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings, Inc.                                        | Nationstar Mortgage Holdings, Inc.                                             | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2685.00      | 0.01%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                        | General Motors Financial Co., Inc.                                             | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203428.62    | 0.44%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                 | Commercial Mortgage Trust, Series 2013-CR10, Class A4                          | CUSIP: 12626BAD6<br>LEI: 549300YJIXJB9DCDOI21 | Long             | ABS-MBS          | CORP              | US        |    175000 | PA      | $173813.38    | 0.38%             | 2046-08-10      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| Howard Hughes Corp. (The)                                                 | Howard Hughes Corp. (The)                                                      | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     19000 | PA      | $17113.87     | 0.04%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley                                                                 | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | Long             | DBT              | CORP              | US        |    100000 | PA      | $98852.45     | 0.22%             | 2026-10-23      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| Entegris Escrow Corp.                                                     | Entegris Escrow Corp.                                                          | CUSIP: 29365BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $15502.93     | 0.03%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CommScope Technologies LLC                                                | CommScope Technologies LLC                                                     | CUSIP: 20337YAA5<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7280.00      | 0.02%             | 2025-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CEU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2680000 | PA      | $2590282.82   | 5.66%             | 2025-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                       | Synchrony Financial                                                            | CUSIP: 87165BAS2<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121794.91    | 0.27%             | 2025-06-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust                                 | GoodLeap Sustainable Home Solutions Trust, Series 2022-3CS, Class A            | CUSIP: 38237TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     56599 | PA      | $52383.01     | 0.11%             | 2049-07-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CommScope, Inc.                                                           | CommScope, Inc.                                                                | CUSIP: 20338QAD5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     19000 | PA      | $17534.91     | 0.04%             | 2026-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brookfield Property REIT, Inc.                                            | Brookfield Property REIT, Inc.                                                 | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5014.89      | 0.01%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Triumph Group, Inc.                                                       | Triumph Group, Inc.                                                            | CUSIP: 896818AS0<br>LEI: 5493007L6S47Q14SL582 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11192.50     | 0.02%             | 2024-06-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                  | Government National Mortgage Association                                       | CUSIP: 3617WR4N0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    170314 | PA      | $152180.45    | 0.33%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA                                                            | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $90875.06     | 0.20%             | 2028-09-22      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                                         | CIFC Funding Ltd., Series 2021-5A, Class A                                     | CUSIP: 12565EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244060.83    | 0.53%             | 2034-07-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Teleflex, Inc.                                                            | Teleflex, Inc.                                                                 | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10954.32     | 0.02%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp.                                                          | Sealed Air Corp.                                                               | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18142.74     | 0.04%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                                      | BA Credit Card Trust, Series 2022-A1, Class A1                                 | CUSIP: 05522RDE5<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |     59000 | PA      | $57373.22     | 0.13%             | 2027-11-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| AREIT LLC                                                                 | AREIT LLC, Series 2022-CRE7, Class A                                           | CUSIP: 00217VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $98337.67     | 0.21%             | 2039-06-17      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp.                                                        | Lam Research Corp.                                                             | CUSIP: 512807AS7<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |     43000 | PA      | $41689.27     | 0.09%             | 2026-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                     | Bank of America Corp.                                                          | CUSIP: 06051GJG5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184075.14    | 0.40%             | 2025-09-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                        | Crown Castle, Inc.                                                             | CUSIP: 22822VAG6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48281.31     | 0.11%             | 2024-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NFP Corp.                                                                 | NFP Corp.                                                                      | CUSIP: 65342RAE0<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |     58000 | PA      | $49375.15     | 0.11%             | 2028-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                          | NRG Energy, Inc.                                                               | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27221.43     | 0.06%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                           | Citigroup, Inc.                                                                | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52044.47     | 0.11%             | 2027-06-09      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| Viavi Solutions, Inc.                                                     | Viavi Solutions, Inc.                                                          | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |     17000 | PA      | $14287.73     | 0.03%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems, Inc.                                           | Advanced Drainage Systems, Inc.                                                | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7460.00      | 0.02%             | 2027-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                       | Fifth Third Bancorp                                                            | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88697.32     | 0.19%             | 2027-11-01      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                        | Vertiv Group Corp.                                                             | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |     18000 | PA      | $15300.00     | 0.03%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                                  | Lumen Technologies, Inc.                                                       | CUSIP: 156700BC9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11016.88     | 0.02%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Teleflex, Inc.                                                            | Teleflex, Inc.                                                                 | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1906.18      | 0.00%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ball Corp.                                                                | Ball Corp.                                                                     | CUSIP: 058498AV8<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |     72000 | PA      | $69741.37     | 0.15%             | 2026-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                             | Equinix, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300EVUN2BTLJ3GT74       | Long             | DBT              | CORP              | US        |    100000 | PA      | $92435.50     | 0.20%             | 2027-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Operating Partners LP                                      | NextEra Energy Operating Partners LP                                           | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12610.01     | 0.03%             | 2024-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                        | Banco Bilbao Vizcaya Argentaria SA                                             | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | DBT              | CORP              | ES        |    100000 | PA      | $101563.23    | 0.22%             | 2024-10-02      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                       | Graphic Packaging International LLC                                            | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11314.06     | 0.02%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                       | Medline Borrower LP                                                            | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      7000 | PA      | $5641.72      | 0.01%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                                   | E.ON SE                                                                        | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | DBT              | CORP              | DE        |     30000 | PA      | $30545.27     | 0.07%             | 2025-01-08      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                                                  | SBA Communications Corp.                                                       | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18070.27     | 0.04%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                   | Uber Technologies, Inc.                                                        | CUSIP: 90353TAG5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26880.00     | 0.06%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                                 | Navient Private Education Refi Loan Trust, Series 2021-GA, Class A             | CUSIP: 63942KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102657 | PA      | $86926.26     | 0.19%             | 2070-04-15      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| TransAlta Corp.                                                           | TransAlta Corp.                                                                | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |     14000 | PA      | $14297.94     | 0.03%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ZoomInfo Technologies LLC                                                 | ZoomInfo Technologies LLC                                                      | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $15126.88     | 0.03%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1025000 | PA      | $23897.51     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Beechwood Park CLO Ltd.                                                   | Beechwood Park CLO Ltd., Series 2019-1A, Class A1R                             | CUSIP: 07355TAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $239756.20    | 0.52%             | 2035-01-17      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                           | TransDigm, Inc.                                                                | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64102.35     | 0.14%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                           | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    155000 | PA      | $149329.72    | 0.33%             | 2027-06-15      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| Element Solutions, Inc.                                                   | Element Solutions, Inc.                                                        | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38250.00     | 0.08%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                            | Commonwealth Bank of Australia                                                 | CUSIP: 20272AX84<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | STIV             | CORP              | AU        |    250000 | PA      | $250084.10    | 0.55%             | 2023-02-21      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Welltower, Inc.                                                           | Welltower, Inc.                                                                | CUSIP: 95040QAC8<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96699.63     | 0.21%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                                    | NXP BV                                                                         | CUSIP: 62947QBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148668.75    | 0.32%             | 2024-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                                       | Hilton Domestic Operating Co., Inc.                                            | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     58000 | PA      | $56260.00     | 0.12%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                        | General Motors Financial Co., Inc.                                             | CUSIP: 37045XCD6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96293.72     | 0.21%             | 2024-11-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Synaptics, Inc.                                                           | Synaptics, Inc.                                                                | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |      7000 | PA      | $5897.84      | 0.01%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                   | Uber Technologies, Inc.                                                        | CUSIP: 90353TAC4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6020.65      | 0.01%             | 2026-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                                     | Gilead Sciences, Inc.                                                          | CUSIP: 375558AW3<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    185000 | PA      | $181878.10    | 0.40%             | 2024-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Imola Merger Corp.                                                        | Imola Merger Corp.                                                             | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $6940.91      | 0.02%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ViaSat, Inc.                                                              | ViaSat, Inc.                                                                   | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13625.25     | 0.03%             | 2027-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                                 | Nelnet Student Loan Trust, Series 2021-DA, Class AFX                           | CUSIP: 64034YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111914 | PA      | $100848.22    | 0.22%             | 2062-04-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                              | Oracle Corp.                                                                   | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $98474.35     | 0.22%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC                                                 | Mileage Plus Holdings LLC                                                      | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10801 | PA      | $10738.08     | 0.02%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                                                            | 1011778 BC ULC                                                                 | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     35000 | PA      | $31339.21     | 0.07%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                             | Clearway Energy Operating LLC                                                  | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83065.11     | 0.18%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1835000 | PA      | $1798300.00   | 3.93%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Inflation Linked Notes                                           | CUSIP: 912828B25<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    453410 | PA      | $443776.83    | 0.97%             | 2024-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                          | NRG Energy, Inc.                                                               | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1765.48      | 0.00%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                                                     | Sirius XM Radio, Inc.                                                          | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     49000 | PA      | $42644.70     | 0.09%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                            | Hyundai Auto Receivables Trust, Series 2022-B, Class A3                        | CUSIP: 44918MAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55000 | PA      | $53863.63     | 0.12%             | 2026-11-16      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| WR Grace Holdings LLC                                                     | WR Grace Holdings LLC                                                          | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $10494.51     | 0.02%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                  | Government National Mortgage Association                                       | CUSIP: 3617W0B27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    201000 | PA      | $173850.58    | 0.38%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vail Resorts, Inc.                                                        | Vail Resorts, Inc.                                                             | CUSIP: 91879QAL3<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9000.01      | 0.02%             | 2025-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG                                                                   | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $172071.95    | 0.38%             | 2027-08-10      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Broadcom Corp.                                                            | Broadcom Corp.                                                                 | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $113506.82    | 0.25%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                                       | RCKT Mortgage Trust, Series 2022-4, Class A2                                   | CUSIP: 74938GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95991 | PA      | $82975.74     | 0.18%             | 2052-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                     | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KCF5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49340.97     | 0.11%             | 2024-06-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| US Foods, Inc.                                                            | US Foods, Inc.                                                                 | CUSIP: 90290MAC5<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12863.93     | 0.03%             | 2025-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co.                                                             | HB Fuller Co.                                                                  | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11992.50     | 0.03%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                                                  | Enel Finance America LLC                                                       | CUSIP: 29279HW68<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |    250000 | PA      | $239434.03    | 0.52%             | 2023-09-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                               | MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL8, Class A          | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $96148.65     | 0.21%             | 2037-02-19      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                         | 1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2                | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $139260.95    | 0.30%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Nokia OYJ                                                                 | Nokia OYJ                                                                      | CUSIP: 654902AE5<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |      8000 | PA      | $7552.56      | 0.02%             | 2027-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                              | Ford Credit Auto Owner Trust, Series 2022-B, Class A4                          | CUSIP: 34534LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44000 | PA      | $42821.97     | 0.09%             | 2027-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CEA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3205000 | PA      | $3089319.53   | 6.75%             | 2024-02-29      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                      | American Tower Corp.                                                           | CUSIP: 03027XBL3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    330000 | PA      | $293399.25    | 0.64%             | 2026-04-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                                      | Carrier Global Corp.                                                           | CUSIP: 14448CAN4<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     36000 | PA      | $33909.66     | 0.07%             | 2025-02-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Bombardier, Inc.                                                          | Bombardier, Inc.                                                               | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $14549.64     | 0.03%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $13096.38     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SoFi Professional Loan Program LLC                                        | SoFi Professional Loan Program LLC, Series 2019-A, Class A2FX                  | CUSIP: 78471HAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    164315 | PA      | $158809.06    | 0.35%             | 2048-06-15      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Avantor Funding, Inc.                                                     | Avantor Funding, Inc.                                                          | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     26000 | PA      | $23624.64     | 0.05%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                                                     | PayPal Holdings, Inc.                                                          | CUSIP: 70450YAD5<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    110000 | PA      | $101555.24    | 0.22%             | 2026-10-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                             | Starwood Property Trust, Inc.                                                  | CUSIP: 85571BAS4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1982.59      | 0.00%             | 2023-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Williams Scotsman International, Inc.                                     | Williams Scotsman International, Inc.                                          | CUSIP: 96950GAE2<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |     14000 | PA      | $12635.00     | 0.03%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                              | Barclays plc                                                                   | CUSIP: 06738EBY0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $193707.37    | 0.42%             | 2028-08-09      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                        | AmWINS Group, Inc.                                                             | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2544.44      | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                                                             | Sempra Energy                                                                  | CUSIP: 816851BN8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47947.48     | 0.10%             | 2025-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| MAD Mortgage Trust                                                        | MAD Mortgage Trust, Series 2017-330M, Class A                                  | CUSIP: 55282MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $233142.23    | 0.51%             | 2034-08-15      | Variable      | 3.19%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                  | Government National Mortgage Association                                       | CUSIP: 3617WR5C3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    114986 | PA      | $102600.98    | 0.22%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                  | Government National Mortgage Association                                       | CUSIP: 3617WR4R1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    290650 | PA      | $258805.23    | 0.57%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust                                 | GoodLeap Sustainable Home Solutions Trust, Series 2021-3CS, Class A            | CUSIP: 382371AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    163461 | PA      | $116218.22    | 0.25%             | 2048-05-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                                   | BMW Vehicle Owner Trust, Series 2022-A, Class A3                               | CUSIP: 05602RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    237000 | PA      | $230793.52    | 0.50%             | 2026-08-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                        | Discover Card Execution Note Trust, Series 2022-A4, Class A                    | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    273000 | PA      | $275709.61    | 0.60%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                                                     | Albertsons Cos., Inc.                                                          | CUSIP: 013092AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5472.33      | 0.01%             | 2026-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                                      | Deephaven Residential Mortgage Trust, Series 2021-4, Class A1                  | CUSIP: 24381JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83257 | PA      | $68893.31     | 0.15%             | 2066-11-25      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| Community Health Systems, Inc.                                            | Community Health Systems, Inc.                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     17000 | PA      | $14220.16     | 0.03%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                         | Lowe's Cos., Inc.                                                              | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    180000 | PA      | $167579.00    | 0.37%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DIRECTV Holdings LLC                                                      | DIRECTV Holdings LLC                                                           | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $10735.92     | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VMware, Inc.                                                              | VMware, Inc.                                                                   | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51330.41     | 0.11%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | Uniform Mortgage-Backed Securities                                             | CUSIP: 3140M37C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    252788 | PA      | $226238.84    | 0.49%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust                                 | Taubman Centers Commercial Mortgage Trust, Series 2022-DPM, Class A            | CUSIP: 87666YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97098.98     | 0.21%             | 2037-05-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                     | Wells Fargo Commercial Mortgage Trust, Series 2016-LC25, Class A4              | CUSIP: 95000JAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $46801.65     | 0.10%             | 2059-12-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     25000 | PA      | $25150.39     | 0.05%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                   | American Airlines, Inc.                                                        | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11234 | PA      | $10803.14     | 0.02%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                        | T-Mobile USA, Inc.                                                             | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     23000 | PA      | $20921.74     | 0.05%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                           | Citigroup, Inc.                                                                | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110470.47    | 0.24%             | 2026-09-29      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                   | Uber Technologies, Inc.                                                        | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8712.55      | 0.02%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                                   | GFL Environmental, Inc.                                                        | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |      7000 | PA      | $5985.00      | 0.01%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer LLC                                                      | FS Rialto Issuer LLC, Series 2022-FL5, Class A                                 | CUSIP: 30327MAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $98769.19     | 0.22%             | 2037-06-19      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CGA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     80000 | PA      | $79487.50     | 0.17%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northwest Fiber LLC                                                       | Northwest Fiber LLC                                                            | CUSIP: 667449AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $28155.61     | 0.06%             | 2027-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Gen Digital, Inc.                                                         | Gen Digital, Inc.                                                              | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9800.00      | 0.02%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                   | Republic Services, Inc.                                                        | CUSIP: 760759AS9<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139756.52    | 0.31%             | 2027-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                   | SS&C Technologies, Inc.                                                        | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23409.90     | 0.05%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Veritas US, Inc.                                                          | Veritas US, Inc.                                                               | CUSIP: 92346LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1377.44      | 0.00%             | 2025-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                       | Bank of New York Mellon Corp. (The), Series J                                  | CUSIP: 06406RAX5<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    310000 | PA      | $288711.38    | 0.63%             | 2024-10-25      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                            | Hyundai Auto Receivables Trust, Series 2022-C, Class A3                        | CUSIP: 44933DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108000 | PA      | $109109.69    | 0.24%             | 2027-06-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                                       | Herc Holdings, Inc.                                                            | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13058.50     | 0.03%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                           | CoreLogic, Inc.                                                                | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |      9000 | PA      | $6904.80      | 0.02%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                                       | Hilton Domestic Operating Co., Inc.                                            | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1730.00      | 0.00%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                                                             | Staples, Inc.                                                                  | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4303.40      | 0.01%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                              | AbbVie, Inc.                                                                   | CUSIP: 00287YDN6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103872.49    | 0.23%             | 2024-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ADT Security Corp. (The)                                                  | ADT Security Corp. (The)                                                       | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6803.65      | 0.01%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury Ultra Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -4 | NC      | $3527.11      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton, Inc.                                                 | Booz Allen Hamilton, Inc.                                                      | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |      9000 | PA      | $7973.66      | 0.02%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                           | CUSIP: 46647PCM6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184589.30    | 0.40%             | 2025-08-09      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Healthpeak Properties, Inc.                                               | Healthpeak Properties, Inc.                                                    | CUSIP: 42250PAC7<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86562.04     | 0.19%             | 2027-02-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.                                  | International Flavors & Fragrances, Inc.                                       | CUSIP: N/A<br>LEI: BZLRL03D3GPGMOGFO832       | Long             | DBT              | CORP              | US        |    100000 | PA      | $97452.27     | 0.21%             | 2026-09-25      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                                   | GFL Environmental, Inc.                                                        | CUSIP: 36168QAF1<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     14000 | PA      | $13388.31     | 0.03%             | 2026-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Wabash National Corp.                                                     | Wabash National Corp.                                                          | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8515.86      | 0.02%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                             | Centene Corp.                                                                  | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     49000 | PA      | $41358.45     | 0.09%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Open Text Corp.                                                           | Open Text Corp.                                                                | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10000.00     | 0.02%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                     | Bank of America Corp.                                                          | CUSIP: 06051GKE8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    240000 | PA      | $221352.11    | 0.48%             | 2025-12-06      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDI                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    520000 | PA      | $-3034.77     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Shift4 Payments LLC                                                       | Shift4 Payments LLC                                                            | CUSIP: 82453AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14171.85     | 0.03%             | 2026-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                      | American Tower Corp.                                                           | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56038.83     | 0.12%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                                                   | Eni SpA                                                                        | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $101334.15    | 0.22%             | 2025-03-14      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Tempur Sealy International, Inc.                                          | Tempur Sealy International, Inc.                                               | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8401.60      | 0.02%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust                                 | GoodLeap Sustainable Home Solutions Trust, Series 2022-2CS, Class A            | CUSIP: 38237KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23847 | PA      | $19363.00     | 0.04%             | 2049-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                                                  | SBA Communications Corp.                                                       | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1662.98      | 0.00%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                         | Clarios Global LP                                                              | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $63537.64     | 0.14%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CaixaBank SA                                                              | CaixaBank SA                                                                   | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | DBT              | CORP              | ES        |    100000 | PA      | $94948.06     | 0.21%             | 2026-11-18      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                           | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    102000 | PA      | $94686.22     | 0.21%             | 2026-04-22      | Variable      | 2.08%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                                                     | PayPal Holdings, Inc.                                                          | CUSIP: 70450YAK9<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67357.02     | 0.15%             | 2027-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Black Knight InfoServ LLC                                                 | Black Knight InfoServ LLC                                                      | CUSIP: 092174AA9<br>LEI: 549300H5PS5C68DAUX66 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13012.50     | 0.03%             | 2028-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Bills                                                            | CUSIP: 912796ZD4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2050000 | PA      | $1965558.22   | 4.30%             | 2023-11-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDI                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   2000000 | PA      | $-49678.00    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                                          | CCO Holdings LLC                                                               | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $11276.88     | 0.02%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | Deutsche Bank AG                                                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $187184.45    | 0.41%             | 2028-02-23      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                                      | Steel Dynamics, Inc.                                                           | CUSIP: 858119BL3<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46884.01     | 0.10%             | 2025-06-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| SoFi Professional Loan Program Trust                                      | SoFi Professional Loan Program Trust, Series 2020-A, Class A2FX                | CUSIP: 83406TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69029 | PA      | $62465.09     | 0.14%             | 2046-05-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                  | European Investment Bank                                                       | CUSIP: N/A<br>LEI: 5493006YXS1U5GIHE750       | Long             | DBT              | NUSS              | LU        |    400000 | PA      | $420057.43    | 0.92%             | 2023-11-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                           | Live Nation Entertainment, Inc.                                                | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     23000 | PA      | $19597.78     | 0.04%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                     | United Airlines, Inc.                                                          | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41711.67     | 0.09%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                     | Bank of America Corp.                                                          | CUSIP: 06051GHW2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188971.42    | 0.41%             | 2025-10-22      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                                                          | Sabre GLBL, Inc.                                                               | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1992.25      | 0.00%             | 2025-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                       | PFS Financing Corp., Series 2022-D, Class A                                    | CUSIP: 69335PEP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140000 | PA      | $136526.46    | 0.30%             | 2027-08-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                                      | Prime Security Services Borrower LLC                                           | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $10921.92     | 0.02%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bombardier, Inc.                                                          | Bombardier, Inc.                                                               | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     18000 | PA      | $17463.86     | 0.04%             | 2026-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                             | Starwood Property Trust, Inc.                                                  | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5250.45      | 0.01%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                                            | Entegris, Inc.                                                                 | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11495.05     | 0.03%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Rogers Communications, Inc.                                               | Rogers Communications, Inc.                                                    | CUSIP: 775109CB5<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $134163.56    | 0.29%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                                  | Lumen Technologies, Inc.                                                       | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |      4000 | PA      | $2760.85      | 0.01%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                                                   | Loanpal Solar Loan Ltd., Series 2021-1GS, Class A                              | CUSIP: 53948PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    137541 | PA      | $104602.23    | 0.23%             | 2048-01-20      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust                                 | GoodLeap Sustainable Home Solutions Trust, Series 2021-5CS, Class A            | CUSIP: 38237HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     83965 | PA      | $60926.27     | 0.13%             | 2048-10-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies BV                                                   | Sensata Technologies BV                                                        | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |      3000 | PA      | $2587.50      | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                    | Tenet Healthcare Corp.                                                         | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1921.02      | 0.00%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Solutions Trust                                 | GoodLeap Sustainable Home Solutions Trust, Series 2022-1GS, Class A            | CUSIP: 38237JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45711 | PA      | $35024.48     | 0.08%             | 2049-01-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients, Inc.                                                 | Darling Ingredients, Inc.                                                      | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14435.10     | 0.03%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                        | Crown Castle, Inc.                                                             | CUSIP: 22822VAJ0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    350000 | PA      | $346084.03    | 0.76%             | 2023-07-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                                          | CCO Holdings LLC                                                               | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $13981.05     | 0.03%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 2 Year Note                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        92 | NC      | $2307.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Solar Loans LLC                                                    | Mosaic Solar Loans LLC, Series 2017-2A, Class C                                | CUSIP: 61946GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21219 | PA      | $20493.62     | 0.04%             | 2043-06-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury Long Bond                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -4 | NC      | $3457.25      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic, Inc.                                                             | Hologic, Inc.                                                                  | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8480.66      | 0.02%             | 2028-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Legends Hospitality Holding Co. LLC                                       | Legends Hospitality Holding Co. LLC                                            | CUSIP: 52473NAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5340.00      | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1025000 | PA      | $-15928.59    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                                               | Huntington Bancshares, Inc.                                                    | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47626.11     | 0.10%             | 2028-08-04      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA                                                                 | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $92557.32     | 0.20%             | 2027-10-14      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                               | Toronto-Dominion Bank (The)                                                    | CUSIP: 89114TZK1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $139570.37    | 0.31%             | 2024-12-13      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings, Inc.                                                | Lamb Weston Holdings, Inc.                                                     | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     37000 | PA      | $35057.50     | 0.08%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                 | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |     57000 | PA      | $42098.49     | 0.09%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                                     | Elevance Health, Inc.                                                          | CUSIP: 036752AV5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111217.55    | 0.24%             | 2025-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HealthEquity, Inc.                                                        | HealthEquity, Inc.                                                             | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |     17000 | PA      | $14856.30     | 0.03%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                | Aviation Capital Group LLC                                                     | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $127074.19    | 0.28%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                 | HCA, Inc.                                                                      | CUSIP: 404119BQ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49708.65     | 0.11%             | 2025-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                                                     | Sirius XM Radio, Inc.                                                          | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1848.72      | 0.00%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pattern Energy Operations LP                                              | Pattern Energy Operations LP                                                   | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $59177.88     | 0.13%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                 | T-Fund, Institutional Class                                                    | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   1873712 | NS      | $1873711.98   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | Euro-Bund                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        -1 | NC      | $8757.40      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies BV                                                   | Sensata Technologies BV                                                        | CUSIP: 81725WAJ2<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     15000 | PA      | $14649.16     | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enel Finance International NV                                             | Enel Finance International NV                                                  | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $172352.21    | 0.38%             | 2026-07-12      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                                             | Novelis Corp.                                                                  | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31377.85     | 0.07%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                                                   | Texas Instruments, Inc.                                                        | CUSIP: 882508BV5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99863.79     | 0.22%             | 2028-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Japan 10 Year Bond                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | JP        |        -1 | NC      | $20536.53     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund                                                 | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84196.15     | 0.18%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-36342.56    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                           | Citigroup, Inc.                                                                | CUSIP: 172967ND9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32250.26     | 0.07%             | 2025-11-03      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                         | Alliant Holdings Intermediate LLC                                              | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     79000 | PA      | $70754.59     | 0.15%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                      | Frontier Communications Holdings LLC                                           | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $15785.69     | 0.03%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Realogy Group LLC                                                         | Realogy Group LLC                                                              | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $8320.29      | 0.02%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                   | American Airlines, Inc.                                                        | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     16000 | PA      | $17161.59     | 0.04%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Enact Holdings, Inc.                                                      | Enact Holdings, Inc.                                                           | CUSIP: 37255LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12757.68     | 0.03%             | 2025-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley                                                                 | CUSIP: 61747YEG6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    275000 | PA      | $253140.74    | 0.55%             | 2025-10-21      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                                        | Crown Americas LLC                                                             | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28607.40     | 0.06%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                               | Allied Universal Holdco LLC                                                    | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $19215.00     | 0.04%             | 2026-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                  | Angel Oak Mortgage Trust, Series 2022-2, Class A1                              | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44630 | PA      | $40291.76     | 0.09%             | 2067-01-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                        | GM Financial Consumer Automobile Receivables Trust, Series 2022-3, Class A3    | CUSIP: 36265WAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54000 | PA      | $52772.55     | 0.12%             | 2027-04-16      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                       | Synchrony Financial                                                            | CUSIP: 87165BAG8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71891.90     | 0.16%             | 2025-07-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                                              | Mueller Water Products, Inc.                                                   | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7030.00      | 0.02%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                   | Mercedes-Benz Finance North America LLC                                        | CUSIP: 58769JAA5<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150847.83    | 0.33%             | 2024-11-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 10 Year Ultra Note                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -7 | NC      | $8409.69      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oportun Issuance Trust                                                    | Oportun Issuance Trust, Series 2021-C, Class A                                 | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $87481.32     | 0.19%             | 2031-10-08      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| Six Flags Theme Parks, Inc.                                               | Six Flags Theme Parks, Inc.                                                    | CUSIP: 83001WAC8<br>LEI: 5493003MX0ZXTM8EVY68 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6040.87      | 0.01%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HAT Holdings I LLC                                                        | HAT Holdings I LLC                                                             | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $11294.40     | 0.02%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VMware, Inc.                                                              | VMware, Inc.                                                                   | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    155000 | PA      | $135123.82    | 0.30%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                                 | Navient Private Education Refi Loan Trust, Series 2022-A, Class A              | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133237 | PA      | $115610.00    | 0.25%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                                    | NXP BV                                                                         | CUSIP: 62954HAW8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $309952.50    | 0.68%             | 2025-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| General Mills, Inc.                                                       | General Mills, Inc.                                                            | CUSIP: 370334CS1<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95236.55     | 0.21%             | 2025-11-18      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                                | AT&T, Inc.                                                                     | CUSIP: 00206RHG0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99631.06     | 0.22%             | 2026-09-05      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                           | Citigroup, Inc.                                                                | CUSIP: 172967NL1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57033.09     | 0.12%             | 2026-03-17      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Texas Electric Market Stabilization Funding N LLC                         | Texas Electric Market Stabilization Funding N LLC, Series A-1                  | CUSIP: 88240TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94917.00     | 0.21%             | 2034-08-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Central Parent, Inc.                                                      | Central Parent, Inc.                                                           | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5868.73      | 0.01%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                     | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    180000 | PA      | $159310.24    | 0.35%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                                         | HSBC Holdings plc                                                              | CUSIP: 404280CE7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $187826.73    | 0.41%             | 2025-11-07      | Variable      | 2.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | Euro-Bobl                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       -11 | NC      | $41825.04     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunnova Sol IV Issuer LLC                                                 | Sunnova Sol IV Issuer LLC, Series 2022-A, Class A                              | CUSIP: 86745AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94365 | PA      | $79582.65     | 0.17%             | 2049-02-22      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| Nucor Corp.                                                               | Nucor Corp.                                                                    | CUSIP: 670346AY1<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117062.78    | 0.26%             | 2027-05-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                  | Electricite de France SA                                                       | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | NUSS              | FR        |    100000 | PA      | $96747.27     | 0.21%             | 2026-10-13      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC                                                | Outfront Media Capital LLC                                                     | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $5401.48      | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                          | OneMain Financial Issuance Trust, Series 2022-S1, Class A                      | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $113143.06    | 0.25%             | 2035-05-14      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CDR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    620000 | PA      | $595983.80    | 1.30%             | 2023-12-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| WMG Acquisition Corp.                                                     | WMG Acquisition Corp.                                                          | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6029.45      | 0.01%             | 2030-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                                     | Elevance Health, Inc.                                                          | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    115000 | PA      | $108434.49    | 0.24%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SRS Distribution, Inc.                                                    | SRS Distribution, Inc.                                                         | CUSIP: 78471RAB2<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |     42000 | PA      | $37231.75     | 0.08%             | 2028-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association or Federal Home Loan Mortgage Corp. | Uniform Mortgage-Backed Securities                                             | CUSIP: 01F042624<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $96221.72     | 0.21%             | 2053-02-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC                                       | Cushman & Wakefield US Borrower LLC                                            | CUSIP: 23166MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16000 | PA      | $15269.76     | 0.03%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Gartner, Inc.                                                             | Gartner, Inc.                                                                  | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24240.58     | 0.05%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                 | HCA, Inc.                                                                      | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155978.09    | 0.34%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund                                                 | CUSIP: 09261HAR8<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     40000 | PA      | $33001.02     | 0.07%             | 2029-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                              | Verizon Communications, Inc.                                                   | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    195000 | PA      | $169236.25    | 0.37%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                                | Sprint LLC                                                                     | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |     38000 | PA      | $39987.63     | 0.09%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                                 | Navient Private Education Refi Loan Trust, Series 2021-CA, Class A             | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129410 | PA      | $110013.47    | 0.24%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                                                  | Group 1 Automotive, Inc.                                                       | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5078.58      | 0.01%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EDP - Energias de Portugal SA                                             | EDP - Energias de Portugal SA                                                  | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | DBT              | CORP              | PT        |    100000 | PA      | $97854.12     | 0.21%             | 2027-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| College Avenue Student Loans LLC                                          | College Avenue Student Loans LLC, Series 2021-C, Class A1                      | CUSIP: 19424WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86355 | PA      | $80125.89     | 0.18%             | 2055-07-26      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                           | TransDigm, Inc.                                                                | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9133.11      | 0.02%             | 2025-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley                                                                 | CUSIP: 61747YEA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41836.22     | 0.09%             | 2025-05-30      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust                                                   | Mosaic Solar Loan Trust, Series 2021-1A, Class A                               | CUSIP: 61947DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     97995 | PA      | $77025.36     | 0.17%             | 2046-12-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CDV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1855000 | PA      | $1779858.01   | 3.89%             | 2024-01-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Catalent Pharma Solutions, Inc.                                           | Catalent Pharma Solutions, Inc.                                                | CUSIP: 14879EAE8<br>LEI: 549300HALRZ339MSTH85 | Long             | DBT              | CORP              | US        |     33000 | PA      | $30707.10     | 0.07%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                    | Home Depot, Inc. (The)                                                         | CUSIP: 437076CN0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51299.12     | 0.11%             | 2027-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                                 | Navient Private Education Refi Loan Trust, Series 2022-BA, Class A             | CUSIP: 63942PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116808 | PA      | $109120.18    | 0.24%             | 2070-10-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Commercial Mortgage Securities Trust                       | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A  | CUSIP: 46655AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $85422.91     | 0.19%             | 2039-01-05      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                                 | Navient Private Education Refi Loan Trust, Series 2020-CA, Class A2B           | CUSIP: 63941KAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    218581 | PA      | $217386.48    | 0.48%             | 2068-11-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Chobani LLC                                                               | Chobani LLC                                                                    | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000 | PA      | $12188.54     | 0.03%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                              | MPH Acquisition Holdings LLC                                                   | CUSIP: 553283AD4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     14000 | PA      | $10921.40     | 0.02%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Elastic NV                                                                | Elastic NV                                                                     | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |     18000 | PA      | $14538.60     | 0.03%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                        | State Street Corp.                                                             | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71653.45     | 0.16%             | 2026-11-04      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association or Federal Home Loan Mortgage Corp. | Uniform Mortgage-Backed Securities                                             | CUSIP: 01F042616<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    860000 | PA      | $827540.41    | 1.81%             | 2053-01-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                      | Royal Bank of Canada                                                           | CUSIP: 78016FZU1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     56000 | PA      | $58376.67     | 0.13%             | 2027-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                        | United Rentals North America, Inc.                                             | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     21000 | PA      | $19900.65     | 0.04%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SoFi Professional Loan Program Trust                                      | SoFi Professional Loan Program Trust, Series 2021-B, Class AFX                 | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122708 | PA      | $102516.57    | 0.22%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| AMN Healthcare, Inc.                                                      | AMN Healthcare, Inc.                                                           | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10142.77     | 0.02%             | 2027-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AGL Core CLO 4 Ltd.                                                       | AGL Core CLO 4 Ltd., Series 2020-4A, Class A1R                                 | CUSIP: 001199AG3<br>LEI: 549300HS2AZ4GZPCZ864 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244865.63    | 0.54%             | 2033-04-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                  | COLT Mortgage Loan Trust, Series 2022-3, Class A1                              | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91587 | PA      | $84657.00     | 0.19%             | 2067-02-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                                    | NXP BV                                                                         | CUSIP: 62954HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $66740.63     | 0.15%             | 2026-06-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                                                  | WESCO Distribution, Inc.                                                       | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24311.38     | 0.05%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ready Capital Mortgage Financing LLC                                      | Ready Capital Mortgage Financing LLC, Series 2022-FL8, Class A                 | CUSIP: 75574PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60000 | PA      | $58236.14     | 0.13%             | 2037-01-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| SLM Corp.                                                                 | SLM Corp.                                                                      | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $5953.15      | 0.01%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                           | CUSIP: 46647PAU0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48513.13     | 0.11%             | 2024-07-23      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Halliburton Co.                                                           | Halliburton Co.                                                                | CUSIP: 406216BG5<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19453.11     | 0.04%             | 2025-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Cedar Fair LP                                                             | Cedar Fair LP                                                                  | CUSIP: 150190AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $8902.05      | 0.02%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MicroStrategy, Inc.                                                       | MicroStrategy, Inc.                                                            | CUSIP: 594972AF8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |      7000 | PA      | $5005.35      | 0.01%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association or Federal Home Loan Mortgage Corp. | Uniform Mortgage-Backed Securities                                             | CUSIP: 01F042616<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -960000 | PA      | $-923766.04   | -2.02%            | 2053-01-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Workday, Inc.                                                             | Workday, Inc.                                                                  | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74765.53     | 0.16%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                                             | Novelis Corp.                                                                  | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     21000 | PA      | $17144.24     | 0.04%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                                     | Gilead Sciences, Inc.                                                          | CUSIP: 375558BM4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83724.34     | 0.18%             | 2027-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                                               | Block, Inc.                                                                    | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     21000 | PA      | $18761.40     | 0.04%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                                  | Lloyds Banking Group plc                                                       | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $100000.15    | 0.22%             | 2025-11-12      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Grace Trust                                                               | Grace Trust, Series 2020-GRCE, Class A                                         | CUSIP: 38406JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $114912.05    | 0.25%             | 2040-12-10      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                           | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     95000 | PA      | $84586.61     | 0.18%             | 2028-02-24      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                                                 | Standard Industries, Inc.                                                      | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17997.80     | 0.04%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                          | SMB Private Education Loan Trust, Series 2022-B, Class A1B                     | CUSIP: 83206NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181399 | PA      | $175794.79    | 0.38%             | 2055-02-16      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corp.                                                          | Fair Isaac Corp.                                                               | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10890.07     | 0.02%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                                        | Radiate Holdco LLC                                                             | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $2938.80      | 0.01%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Commercial Mortgage Securities Trust                       | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-NYAH, Class A | CUSIP: 46654EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $193723.72    | 0.42%             | 2038-06-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| MSCI, Inc.                                                                | MSCI, Inc.                                                                     | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |      7000 | PA      | $5818.75      | 0.01%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| eBay, Inc.                                                                | eBay, Inc.                                                                     | CUSIP: 278642AS2<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224629.08    | 0.49%             | 2023-01-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                        | Crown Castle, Inc.                                                             | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    170000 | PA      | $146880.65    | 0.32%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                     | OneMain Finance Corp.                                                          | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11410.56     | 0.02%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Bonds                                                            | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    430000 | PA      | $294264.45    | 0.64%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Prodigy Finance DAC                                                       | Prodigy Finance DAC, Series 2021-1A, Class A                                   | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |    112385 | PA      | $108592.40    | 0.24%             | 2051-07-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                                | CSMC Trust, Series 2021-NQM8, Class A1                                         | CUSIP: 12659FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85880 | PA      | $72852.66     | 0.16%             | 2066-10-25      | Variable      | 1.84%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                   | Level 3 Financing, Inc.                                                        | CUSIP: 527298BP7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6759.88      | 0.01%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                                          | SLG Office Trust, Series 2021-OVA, Class A                                     | CUSIP: 78449RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $79772.55     | 0.17%             | 2041-07-15      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                                   | Capital One Multi-Asset Execution Trust, Series 2022-A2, Class A               | CUSIP: 14041NGA3<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |     39000 | PA      | $37927.58     | 0.08%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                          | SMB Private Education Loan Trust, Series 2022-C, Class A1A                     | CUSIP: 78449CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91460 | PA      | $87462.11     | 0.19%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| 245 Park Avenue Trust                                                     | 245 Park Avenue Trust, Series 2017-245P, Class A                               | CUSIP: 90187LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $124445.06    | 0.27%             | 2037-06-05      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                        | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C15, Class A4  | CUSIP: 61763KBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $132266.88    | 0.29%             | 2047-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                                          | Barings CLO Ltd., Series 2019-3A, Class A1R                                    | CUSIP: 06761KAL5<br>LEI: 549300T40QLO0VJIOB35 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245802.53    | 0.54%             | 2031-04-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                                | Australia & New Zealand Banking Group Ltd.                                     | CUSIP: 05254JAA8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $251003.34    | 0.55%             | 2025-12-08      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                   | Level 3 Financing, Inc.                                                        | CUSIP: 527298BN2<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3330.00      | 0.01%             | 2027-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                                      | BA Credit Card Trust, Series 2022-A2, Class A2                                 | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    288000 | PA      | $290780.44    | 0.64%             | 2028-04-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                    | Truist Financial Corp.                                                         | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132885.02    | 0.29%             | 2027-03-02      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| William Carter Co. (The)                                                  | William Carter Co. (The)                                                       | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13429.07     | 0.03%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                   | American Airlines, Inc.                                                        | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8000 | PA      | $7311.65      | 0.02%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                      | Frontier Communications Holdings LLC                                           | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4360.10      | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.                            | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL2, Class A       | CUSIP: 03881JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $97757.31     | 0.21%             | 2037-05-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | Deutsche Bank AG, Series E                                                     | CUSIP: 251526CM9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    375000 | PA      | $360798.23    | 0.79%             | 2023-11-08      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                   | Level 3 Financing, Inc.                                                        | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     24000 | PA      | $18904.80     | 0.04%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                                                            | 1011778 BC ULC                                                                 | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      8000 | PA      | $7156.36      | 0.02%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                   | Molina Healthcare, Inc.                                                        | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     22000 | PA      | $20076.98     | 0.04%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United Natural Foods, Inc.                                                | United Natural Foods, Inc.                                                     | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5764.95      | 0.01%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                     | Uniform Mortgage-Backed Securities                                             | CUSIP: 3140M37B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    185295 | PA      | $159115.68    | 0.35%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                                 | Bank of Nova Scotia (The)                                                      | CUSIP: 06417XAL5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $60110.71     | 0.13%             | 2024-12-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Twilio, Inc.                                                              | Twilio, Inc.                                                                   | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |     23000 | PA      | $18685.20     | 0.04%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                              | Oracle Corp.                                                                   | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55107.86     | 0.12%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                               | PRKCM Trust, Series 2021-AFC2, Class A1                                        | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102283 | PA      | $84748.80     | 0.19%             | 2056-11-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                             | Comcast Corp.                                                                  | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86305.24     | 0.19%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                                 | MFA Trust, Series 2021-INV2, Class A1                                          | CUSIP: 552732AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179242 | PA      | $146318.64    | 0.32%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                                    | Aramark Services, Inc.                                                         | CUSIP: 038522AR9<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8889.39      | 0.02%             | 2025-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                  | Government National Mortgage Association                                       | CUSIP: 3617WR4P5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    182551 | PA      | $163001.32    | 0.36%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                      | American Express Co.                                                           | CUSIP: 025816CS6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    190000 | PA      | $172843.61    | 0.38%             | 2027-03-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                                                     | Albertsons Cos., Inc.                                                          | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $32323.12     | 0.07%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                  | Government National Mortgage Association                                       | CUSIP: 3617W0B43<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    240926 | PA      | $215413.43    | 0.47%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                               | Match Group Holdings II LLC                                                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     19000 | PA      | $16937.74     | 0.04%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                            | CUSIP: 91282CED9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    320000 | PA      | $302375.00    | 0.66%             | 2025-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** BlackRock Funds V

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer